CALGARY, Alberta – Canadian energy companies, especially those at higher cost oil sands producers, are signaling they will cut capital spending for a second straight year in 2016 as they adjust to a painful new reality of oil near $40 a barrel. Energy executives, coming off a bleak third-quarter earnings season and due to roll out capital budgets in coming ...

CALGARY – Enbridge Inc, Canada’s largest pipeline company, said on Thursday it was moving into offshore wind development as part of a broader shift in the coming decades away from carbon-intensive energy. Enbridge President and Chief Executive Officer Al Monaco made the comments after the company said a delay in starting up a pipeline to transport crude from Ontario to ...

Ohio Oil and Gas Trade Association (OOGA) President David Hill is encouraging his members to “fight back against” what he believes to be an incredible about of misinformation. Hill’s issue, and own opinion, is there seems to be a lot of misinformation regarding the industry being fed to the public and the Ohio Oil and Gas Trade Association is doing ...

TransCanada Corp said on Friday a consortium led by Malaysian national oil company Petronas has decided to proceed with plans to build a terminal in northern British Columbia to export Canadian natural gas to Asia. TransCanada said it plans to start construction this year of the Prince Rupert Gas Transmission line, to connect the Montney field near Fort St. John, ...

CALGARY, Alberta – A year ago, one of the hottest parts of Canada’s red-hot housing market was Alberta’s oil capital of Calgary, where cash-rich consumers fought for the fanciest home on the block. Now, a plunge in crude prices is pulling the housing market with it. While realtors in Calgary are loathe to admit the tide has turned, sellers are ...

In their zeal to obstruct progress, Democrats yet again are being exposed as the economics ignorami and hypocrites that they are. And Sen. Chuck Schumer is their ringleader. The New York Democrat — on CBS’ “Face the Nation” on Sunday — claimed his party has the votes to sustain a presidential veto should the newly controlled Republican Senate approve the ...

* Crew raises exploration & development spending to C$285 mln * Long Run raises avg 2014 output forecast to 32,150 boe/d (Adds production outlook, shares) (Reuters) – Canadian oil and gas producer Long Run Exploration Ltd entered into a deal to buy natural gas assets in Alberta from bigger rival Crew Energy Inc for about C$225 million ($206 million). Long Run did ...

BY RICHARD VALDMANIS AND DAVE SHERWOOD (Reuters) – Keystone XL, a pipeline proposal to pump Canadian oil sands through the heart of America, has alarmed environmentalists and become one of the most contentious issues of the Obama presidency. But there is a “Plan B” to cut the United States out of the picture, and it is championed by one of Canada’s wealthiestbusiness dynasties. ...

By Robert Gibbons and Elizabeth Dilts NEW YORK Thu Feb 13, 2014 1:41pm EST NEW YORK (Reuters) – A 120-car Norfolk Southern Corp train carrying heavy Canadian crude oil derailed and spilled in western Pennsylvania on Thursday, adding to a string of recent accidents that have prompted calls for stronger safety standards. There were no reports of injury or fire ...

By Selam Gebrekidan NEW YORK Tue Feb 4, 2014 7:27am EST NEW YORK (Reuters) – The U.S. government has authorized limited crude oil exports to Europe, for the first time in years, raising new questions about how companies are testing the limits of a controversial, decades-old exports ban. The Department of Commerce has granted two licenses to export U.S. crude ...