Western Canadian Crude Inventories Fall In June
Western Canadian crude inventories declined in June, energy information provider Genscape said on July 8, in line with a seasonal decrease in supply because of maintenance at oil sands projects in northern Alberta.
Devon Energy To Redeem $1.5 Billion Senior Notes After Closing Canada Sale
After announcing the completion of its multibillion-dollar exit from Canada, Devon Energy said it will redeem $1.5 billion of its outstanding senior notes early.
Trans Mountain Oil Pipeline Expansion May Start In September
Once complete, the project will triple the capacity of Trans Mountain, which carries crude from Alberta's oil sands to British Columbia's Pacific Coast.
Canada Set To Approve Trans Mountain Pipeline Expansion: Sources
Canada looks set to approve the hotly debated plan to expand an oil pipeline this week, people familiar with the process told Reuters.
Canadian Oil Output Growth Forecast Halved To 1.4% Annually
Canada holds the world's third-largest crude reserves but its energy industry has struggled to recover from the 2014/15 global oil price crash.
Alberta Government In Talks About Offloading Crude-By-Rail Contracts
Newly elected premier says deals are bad for taxpayers.
Relationship Building Is Key To Trans Mountain Expansion
Decision on the $7.4 billion project is expected next week.
Canadian Oil Pipeline Congestion Sets Up Lucrative Storage Play
Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and oil major BP Plc's trading arm.
Minnesota Court Rejects Environmental Assessment For Enbridge Pipeline
A Minnesota court ruled on Monday that Enbridge Inc.’s environmental impact statement for replacement of its Line 3 oil pipeline is inadequate, raising the possibility of further delays.
Canadian Natural Resources To Temporarily Shut In Oil Production Due To Wildfires
Oil and gas producer Canadian Natural Resources Ltd. said on Friday it would temporarily shut-in about 65,000 barrels per day (bbl/d) of crude oil production due to forest fires in Alberta.