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.
My opinion is that all of the analysts who are now blaming the sharp drop in oil prices on a “glut” of supply could change their tune quickly as consumers adjust to lower fuel costs.
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.
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.
Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.
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.
As the polar vortex froze much of the U.S. at the beginning 2014, the period of intense cold created demand, supply and transportations factors that led to the highest prices for power and spot gas seen over the past five years.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
Expert interviews have confirmed that influence of oil-prices is only short-term and that for the vast majority there is still an excellent business case for PV at off-grid mines
The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.
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.
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.
According to the Conference Board of Canada, the province faces more than just a slowdown.
It’s all rainbows and ponies on Wall St right now which should make any sensible person a bit nervous.
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.
With commodities now moving down into their three year cycle low I’m hearing more and more talk about deflation. This is complete nonsense.
The bear market for commodities has brought the TSX Venture index to reach new lows in December 2014.
The firm is also said to have of caused civil turmoil and tensions in the region after introducing armed militia to protect its illegal operation.
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.
A nearly 50% pullback in the price of oil has done serious damage to revenue of oil producers.
Low oil prices today may be setting the world up for an oil shortage as early as 2016.
The analysts argued that as much as 15% of the machinery maker’s revenues are dependent on the oil and gas industry
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