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Tag Archives: canada oil and gas

Keystone delay heralds long-term pain for Canadian oil producers

CALGARY, Alberta – A further delay or outright rejection of the TransCanada Corp Keystone XL project risks a looming capacity crunch on Western Canada’s pipeline network, causing more pain for producers already struggling with weak global crude prices. In the latest twist in the seven-year Keystone XL saga, TransCanada on Monday asked the U.S. State Department to pause its review ...

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Canada Liberal boss defends ethics after pipeline furor

MONTREAL – Canadian election front runner Justin Trudeau defended the ethics of his Liberal team on Thursday after his campaign co-chair was forced to resign over controversial advice to an energy company on how to lobby a Liberal government. The campaign official, Dan Gagnier, had sent an email on Monday to TransCanada Corp in his private capacity as a consultant, ...

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Canada’s Alberta reaches out to industry for economic advice

CALGARY, Alberta – Alberta’s left-leaning New Democratic Party (NDP) government said on Wednesday it was reaching out to prominent energy and other industry executives for advice to revamp the western Canadian province’s struggling economy. Alberta, home to Canada’s oil sands and the largest source of U.S. crude imports, has been hammered by tumbling global oil prices over the past 12 ...

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Nexen expects Long Lake oil sands shutdown to take two weeks

CALGARY – Nexen Energy, the Canadian subsidiary of Chinese state-owned CNOOC Ltd, is shutting down its Long Lake oil sands operations in northern Alberta in response to an emergency regulatory order, a company spokeswoman said on Tuesday. Nexen estimated the shutdown process would take up to two weeks as it suspends pipeline operations and attempts to demonstrate to the Alberta ...

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Alberta to keep oil, gas royalty framework to end-2016

CALGARY, Alberta – Alberta’s oil and gas royalty framework will remain in place until the end of 2016, Energy Minister Marg McCuaig-Boyd said on Friday, as she gave details on a review of the scheme for the province’s new left-leaning New Democrat government. McCuaig-Boyd said royalty rates paid by oil and gas companies will not change until 2017, which will ...

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Husky Energy names new CFO

Alberta, Canada-based Husky Energy appointed Jonathan McKenzie as its new Chief Financial Officer, according to an announcement yesterday. A Bachelor of Commerce and Bachelor of Arts grad from the University of Alberta, McKenzie is no stranger to Canada’s oil and gas industry. As a chartered accountant, McKenzie will be in charge of the company’s financial division, which includes accounting, treasury, ...

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