Report notes the budget relied on private-sector forecasts of natural gas prices and those forecasts have regularly missed their targets.
Oilsands Mining News
The oil and gas game can be a tricky one for junior companies, but if played right the pay-off can be massive.
Canadian oil and gas company Nexen’s shares climbed over 2% after the announcement.
While it is hard to ramp up much sympathy for petro-states, Norway and Saudi Arabia are both facing a murky 2013 as domestic production falls, pushing both nations towards some difficult (and expensive) choices.
Company will increase capacity to 890,000 bpd from 750,000 to meet new long-term contracts
Not too many Alberta producers make money as Canadian crude falls to 5-year low of $64 below global price.
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.
China’s bid for Nexen may get a boost if a Malaysian company successfully acquires Canada-based Progress Energy Resource Corp.
IEA spins oil stats to make US top 'oil' producer.
The possibility of a nuclear war between Pakistan and India grows every day.
The international benchmark sits at $107 a barrel, while US oil fetches $85.
Alberta's oil sands will positively affect all Canadian provinces and will lead to billions of dollars of jobs and investment across the country, says a Conference Board of Canada report released Wednesday.
Thousands of people jammed the front lawn of Canada’s British Columbia parliament on Monday to oppose the controversial Enbridge's proposed $5.5-billion pipeline from the Alberta oil sands to the country's West Coast.
We were fortunate enough to speak with the well known economist Ed Dolan on various energy and economic issues.
Why high oil prices aren't necessarily a bad thing and why why cheap energy is not vital to economic growth.
What does our world's energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will?
Canadian Prime Minister Stephen Harper gave investors more reasons to speculate about the final outcome of the deal, as he said that China's “very different" political and economic systems are a concern for his government.
The price oil sands producers receive fell to $38 a barrel below the international benchmark oil price on Monday, leaving more than one fifth of all Alberta projects unviable.
After World War II the US government dumped millions of kilograms of unexploded bombs into the Gulf of Mexico. Now that technology allows oil companies to drill deep sea wells in the Gulf of Mexico, those forgotten payloads have become a real hazard.
China National Offshore Oil Corp's (CNOOC) believes its proposed $15.1 billion takeover of Canadian oil producer Nexen Inc. (TSX & NYSE:NXY) should go ahead without major hiccups as talks with provincial leaders reaffirmed the country values China as an investor in its oil sands sector.
Despite the controversy generated by China National Offshore Oil Corp's proposed $15.1 billion takeover of Canadian oil producer Nexen, Thursday’s shareholders vote is seen by industry experts as a mere formality.
Suncor Energy Inc has begun a planned six-week maintenance turnaround on a vacuum tower for an upgrader at its northern Alberta oil sands operations, Sneh Seetal, a spokeswoman for the company, said on Friday.
China’s anti-corruption watchdog has launched an investigation over the insider trading case linked to China National Offshore Oil Corp.'s bid for Nexen.
Athabasca Oil Corp. (TSX:ATH) confirmed Friday that it is in the preliminary stages of establishing a joint venture for two of its Alberta oil sands assets, but it declined to identify its partner.
Even Chinese oil giants have to pinch pennies when making a $15 billion bid