Oil Industry Canada

Oil Price Crash Causing ‘One Of Largest Wealth Transfers In History'

The Huffington Post Canada | Daniel Tencer | Posted 02.04.2016 | Canada Business

Wealth is shifting from oil producers to oil importers at a rate of $400 for every person on the planet, every year.

Canada Now Selling World's Cheapest Oil: Report

The Huffington Post Canada | Daniel Tencer | Posted 12.18.2015 | Canada Business

Goldman Sachs says $20 oil may be necessary.

U.S. Is About To Start Exporting Oil. Is That Good Or Bad For Canada?

CP | Lauren Krugel, The Canadian Press | Posted 12.17.2015 | Canada Business

CALGARY — Experts see more good news than bad for Canada's energy industry if the U.S. lifts its decades-old ban on oil exports. The ban came int...

Why Canada's Oil Patch Isn't Worried About The Paris Climate Agreement

CBC | Posted 12.15.2015 | Canada Business

There was no tearing of hair or gnashing of teeth in the energy sector on Monday as details of the Paris agreement were digested. Shares in energy c...

David Suzuki's Comparison Of Oilsands To Slavery Raises Eyebrows

The Huffington Post Canada | Daniel Tencer | Posted 11.27.2015 | Canada Business

David Suzuki has long been a thorn in the side of Canada’s controversial oilsands industry, but the environmental activist’s comments on a radio s...

Oil Price Not Done Crashing, Saudi Arabia May Be Broke In 5 Years: Reports

The Huffington Post Canada | Daniel Tencer | Posted 10.27.2015 | Canada Business

Saudi Arabia projected to run massive deficits Storage getting close to capacity, Goldman Sachs warns Canadian oil producers, Alberta budget...

Shell Gets OK To Drill Off Nova Scotia

CP | The Canadian Press | Posted 10.20.2015 | Canada Business

HALIFAX — A federal regulator will allow Shell Canada Ltd. to begin exploration drilling off Nova Scotia after it reduced the number of days it wou...

Oilpatch Spooked By Prospect Of Another Prime Minister Trudeau

CP | Alexandra Posadzki and Lauren Krugel, The Canadian Press | Posted 10.15.2015 | Canada Business

The prospect of a change in government has at least one oilpatch CEO spooked. Grant Fagerheim, the chief executive of Calgary-based oil and gas produ...

More Bad News For The Oilsands

The Huffington Post Canada | Daniel Tencer | Posted 10.13.2015 | Canada Business

Those hoping for a quick recovery in Canada’s oil patch got bad news Tuesday from the International Energy Agency, which now says the global oil glu...

Wave Of Thefts Hit Canada's Oil Fields

CP | Lauren Krugel, The Canadian Press | Posted 09.14.2015 | Canada Business

CALGARY — Oilfield security firms say they've been dealing with more troublemakers in recent months with the crude price cratering and bringing dr...

Total Is Taking On The Canada Revenue Agency

CP | The Canadian Press | Posted 09.03.2015 | Canada Business

CALGARY — The Canada Revenue Agency is demanding $11.5 million in tax owing and interest from Total Energy Services Inc. (TSX:TOT), a ruling the Ca...

Oilsands Giants Cut Jobs, Slash Spending Again

CP/HuffPost Canada | Posted 07.30.2015 | Canada Business

Two major oilsands players have announced major spending cuts as they reported disappointing earnings. Cenovus Energy Inc.said it's looking to cut ...

Canada's Oil Industry Slashes Its Long-Term Growth Forecast

CP | Lauren Krugel, The Canadian Press | Posted 06.09.2015 | Canada Business

CALGARY - Canada's biggest energy industry group is predicting a slower pace of growth in Canada's oil sector because of the steep drop in oil prices....

Oil Prices Won't Bounce Back Anytime Soon: Conference Board

CP | Lauren Krugel, The Canadian Press | Posted 05.25.2015 | Canada Business

CALGARY - The Conference Board of Canada delivered bad news Wednesday for those hoping the pain from the latest crude oil downturn will subside any ti...

Wait, What? This Canadian Oil Company Just Tripled Its Profit

CP | Lauren Krugel, The Canadian Press | Posted 05.05.2015 | Canada Business

CALGARY - Canadian Natural Resources Ltd. (TSX:CNQ) almost tripled its profit in the fourth quarter and said it was raising its dividend as the oil an...

Oilsands Face ‘Death Spiral' If They Don't Cut Costs: Laut

The Huffington Post Canada | Daniel Tencer | Posted 02.20.2015 | Canada Business

As the world’s oil glut continues to build, wiping out hopes of a price recovery, the head of one of Canada’s largest oilsands operators is warnin...

The Oilsands Paradox

CBC | Posted 02.26.2015 | Canada Business

Reporting on a tiny community downstream from Alberta’s Athabasca oilsands was one of the hardest stories I have worked on in my life. It was not ...

Regulating Oil Is 'Crazy'? Experts Beg To Differ

CP | Bruce Cheadle, The Canadian Press | Posted 02.10.2015 | Canada Business

OTTAWA - Opposition critics and energy experts are questioning Prime Minister Stephen Harper's contention that Canada can't move to curb greenhouse ga...

Oil Prices Headed For $30/Barrel, Threaten Global Stability: Analysts

The Huffington Post Canada | Daniel Tencer | Posted 12.01.2014 | Canada Business

Oil prices hit a five-year low on Monday, with the Brent crude benchmark price falling to $67.53 U.S., the lowest price since October, 2009, before bo...

Up Next For Canadian Oil In The U.S.: More Lawsuits

CP | Alexander Panetta, The Canadian Press | Posted 01.11.2015 | Canada Business

WASHINGTON - There are new threats of lawsuits against Canadian oil pipeline projects in the United States.The legal threats suggest the election of a...

Canadian Oil Companies Could Be On Hook For Billions In Climate Damages

CP | Bob Weber, The Canadian Press | Posted 12.09.2014 | Canada Business

Advances in climate change science could be creating a huge legal liability for major Canadian energy companies, especially from foreign judgments bei...

The Slippery Reach Of Big Oil's PR Machine

Press Progress | Posted 02.06.2014 | Canada Business

The Canadian Association of Petroleum Producers seems to be everywhere these days, selling the idea that the rapid development of the tar sands withou...

How Canada Could Make An Extra Cool $200 Billion A Year

CP | Lauren Krugel, The Canadian Press | Posted 03.18.2013 | Canada Business

CALGARY - A new report has some advice for Canada when it comes to managing its oil wealth — be more like Norway.The study from the Canadian Centre ...

How Big Is Canada’s Oil Subsidy To The U.S.?

The Globe and Mail | Posted 01.07.2013 | Canada Business

Do the math on some 2 million barrels a day of heavily discounted oil exports and suddenly you’re talking about an enormous wealth transfer from Can...

Is Canada's Economy Becoming A One-Trick Pony?

CBC | Posted 09.19.2012 | Canada Business

Canada’s economic diversity is fading, according to a commentary released Wednesday. “It’s likely that the early days of Confederation were o...