Lower sales, lower prices, lower production.
Canada’s natural resources minister Joe Oliver continues to hit back against critics of the country’s oil sands.
But the Calgary-based company acknowledges the path will be full of obstacles.
Report prepared by Deloitte & Touche shows the pipeline could also generate $10 billion in GDP just in the construction phase.
Ruling eliminates one of the last obstacles to completion of the Canadian oil-sands duct's southern leg.
It will move 1.1 million barrels of crude per day from Alberta to New Brunswick
Company down on Toronto exchange.
Suncor Energy and Canadian Natural Resources could be targets for activist investors, Barron said.
Canada is heading towards a "staples trap," whereby the more quickly bitumen is exported, the less diversified and productive the economy becomes, warns a study.
Canadian oil and gas company Nexen’s shares climbed over 2% after the announcement.
Oil pipeline project is core public policy issue for Canada and the U.S., says Naheed Nenshi
A Queen University’s study confirms suspicions about contamination of lakes by Alberta’s oil sands.
The Prince Rupert Gas Transmission project is expected to have an initial capacity of about 2 billion cubic feet of gas per day.
Canada risks stranding its resource bounty unless it adds new pipeline capacity to the West Coast, eastern provinces and the U.S., says Natural Resources Minister Joe Oliver, who believes the issue will be one of the biggest items on his plate in 2013.
While the cross-border outcome for TransCanada’s Keystone XL pipeline is still up in the air, U.S. opposition to the southern section currently under construction in Texas and Oklahoma is escalating.
Growing North American light oil production is expected to cause crude from the Syncrude oilsands mine to fetch a discounted price, says Canadian Oil Sands Ltd., the largest partner in the massive development.
Canada’s oil sands giant Suncor Energy (TSX, NYSE:SU) has lost an appeal of a temporary injunction that halts the start of random drug and alcohol testing on its employees.
In an unusual move, Chinese state-owned CNOOC and Canada’s Nexen Inc. (NYSE,TSX:NXY) have resubmitted notice of their potential deal to US regulators, which will reset the clock on Washington’s approval for the $15 billion energy deal.
Western Canada’s Vancouver, Victoria, Smithers and Prince George are expected to be Tuesday the main stage for rallies against oil and gas pipelines, as part of national and international actions spearheaded by the Unis’tot’en clan of the Wet’suwet’en Nation in British Columbia.
Canada’s Enbridge Inc. (TSX, NYSE:ENB) announced Monday its has entered into an agreement with Canopy Prospecting Inc. to develop rail facilities that will deliver crude oil from the Bakken shale prospect in North Dakota to Philadelphia refineries by the third-quarter of 2013.
A group of activists performing what they called an “oil orgy” protest interrupted the Canada Europe Energy Summit, at Canada House, in London Tuesday morning.
Less than two weeks after U.S. President Barack Obama was re-elected for a second term, thousands of protesters rallied in Washington Sunday asking him to reject the proposed Keystone XL oil sands pipeline, which would transport crude oil from Canada to the U.S.
While Calgary-based TransCanada (TSX, NYSE:TRP) remains optimistic about its Keystone XL pipeline’s prospects, given Obama administration’s focus on moving the U.S. away from its dependence on foreign oil, uncertainties around the project remain.
Enbridge Inc. (TSX:ENB), the largest transporter of Canadian oil to the U.S., posted Wednesday better third-quarter results compared to the same period last year driven by recovering earnings from its liquids pipelines and a reduced loss from derivatives contracts.
A document obtained from Environment Canada confirmed Monday what scientists from the University of Alberta published in 2010: that there is mounting evidence of contaminants in the snow and even in precipitation close to oil sands facilities.
A private government memorandum obtained by Canada’s CBC shows that Alberta’s oil sands, one of the country’s key economy engines, could soon get stalled due to mounting developing costs and labour shortages.
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