Tags » Oil Production And Refining

With crude dipping below $40 US a barrel, reserve writedowns likely in store

By Lauren Krugel

Another wave of ugly news is looming for oil producers already battered by weak oil prices.

Every year, companies hire outside evaluators to tally up their reserves — a calculation of how much resource in the ground can be recovered technically and economically. 389 more words


Priaro: Alberta needs a clean oil plan, not a climate change strategy

The climate change strategy proposed by Alberta Environment Minister Shannon Phillips hopelessly addresses the wrong problems facing Albertans.

She writes, “Our plan must deliver on both environmental and social outcomes as Alberta transitions toward a lower-carbon future,” in her introductory message to the government’s just-released climate leadership discussion document. 677 more words


Canadian energy firms slash dividends as cash flows languish

By Eric Lam and Rebecca Penty

Dividend cuts among Canadian energy producers are poised to accelerate as cost reductions fail to boost shrinking cash flow. 883 more words


Letter: Pipelines will boost Canada's emissions

Re: “Pipeline firm says it is fully committed” (Letters to the editor, Aug. 14)

Tim Duboyce of pipeline company TransCanada supports building both Energy East and KeystoneXL pipelines because they would replace imported with domestic oil and reduce greenhouse gas emissions in the transportation of oil. 83 more words


Alberta limits oilsands water use amid dry spell

Alberta’s energy regulator restricted applications by oil and natural gas operators to withdraw water from the Athabasca River amid dry conditions in the province.

Restrictions for temporary diversion licenses have also been put in place for the South Saskatchewan, the Peace and Milk rivers, the Alberta Energy Regulator… 194 more words


Oilsands growth predicted despite NDP's new Alberta taxes and levies

Alberta oilsands output will grow to 3.09 million barrels per day by 2020 from the current 2.05 million despite new taxes and carbon levies imposed by the NDP government, according to a reference case forecast by the Canadian Energy Research Institute released Wednesday. 431 more words


Breakenridge: Mulcair could prove to be a liability for Notley

Even before Stephen Harper deemed her recent tax increases “a disaster,” it was clear that Rachel Notley had no interest whatsoever in seeing another federal Conservative majority. 648 more words