According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.
The price of oil appears to be settling into a new price range, leaving oil sector profits at significant risk.
Divestment intended to put political pressure on the Canadian government to adopt a national carbon pricing system, says campaigner.
Despite plunging oil prices, the mayor of Fort McMurray, Alta., is still optimistic about the future of the oil boomtown.
Canadian dollar expected to fall to 75 cents U.S. before slowly climbing back to 85 cents by the end of 2016
Consumer-facing financial technology companies may benefit from lower prices at the pump, while certain business development companies have come under pressure as the energy sector suffers.
Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.
December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.
U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
When North Americans think of oil and gas companies, they often think of the big private sector companies such as Exxon Mobil or ConocoPhillips. However, it is always interesting to look at the sheer size and scope of some of the major government owned (or partnered) oil and gas firms to really see the extent of the industry.
"In this uncertain environment, we continue to focus on what we can control."
This New Year, an old trend may become a new trend as conventional drilling in North America is once again in the spotlight at a time when oil prices continue their slump and the unconventional becomes increasingly uneconomical.
The crash in oil prices and the continued depression in gas prices have exploration and production companies and their services providers hunkered down, cutting capital expenditures and trying to bring spending into line with income, says Wunderlich Securities Analyst Jason Wangler.
A wave of cost-cutting in Canada’s oil patch is prompting bond investors to pick which companies will best withstand the collapse in crude prices.
Fewer than one in five oil and gas companies would be able to sustain their businesses over the long term if the price stays under US$50 per barrel, said CanOils
According to the Conference Board of Canada, the province faces more than just a slowdown.
"There's less demand, and there's oversupply. And both are recipes for a crash in oil. And that's what happened. It's a no-brainer."
Discovering what the oil majors had missed.
The firm is deferring the first phase of the 40,000-barrel-per-day project Kirby oil sands project in northern Alberta, originally targeted for the fourth quarter of 2016.
It’s all rainbows and ponies on Wall St right now which should make any sensible person a bit nervous.
Judges rule against landowners challenging Keystone XL's route through the state. It could speed Obama’s decision that’s been on hold.
In this interview with The Energy Report, Masterson describes the significance of innovative science and new methods of prospecting to locate and liberate large amounts of energy, regardless of NIMBY politics like those playing out in New York State.
As we ring in the New Year, let's take stock of where we are at with the oil markets.
In case you were under a rock, oil just got crushed.
But only 34% plans to hire full-time employees and a further 20% is actually considering job cuts.
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