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Chair of U.S. senate energy committee says Washington needs adapt to new era of low oil prices

HOUSTON, TX – Canadians are not the only ones frustrated with U.S. President Barack Obama’s energy policy. c

Alaska Senator Lisa Murkowski and ConocoPhillips CEO Ryan Lance said Washington needs to adapt to the new era of low oil prices by speeding up regulatory approvals and lifting a ban on oil exports that is imposing virtual “sanctions” on already ailing domestic producers. 689 more words

Energy

Encana seeking buyers for U.S. properties: sources

Encana Corp. is seeking buyers for its natural gas properties in Louisiana as it focuses on drilling for oil and other liquids in Texas and Canada, people with knowledge of the matter said. 232 more words

Energy

Canadian oil and gas firms 'bleeding money' amidst darkest outlook in a decade

Canada’s oil and gas industry is projected to report the biggest drop in profit in at least a decade starting next week as crude’s collapse pummels some of the world’s costliest producers. 729 more words

Energy

Environmental groups report says climate policy all about Alberta's oil sands

By Bruce Cheadle

OTTAWA — Another day, another skirmish in the all-or-nothing, zero-sum war over Canadian environment and energy policy.

With Canada’s premiers poised to meet next week in Quebec City to discuss energy strategy and climate change, forces are girding for battle — with Alberta’s oilsands the figurative no-man’s land that lies between the warring world views. 627 more words

Energy

Alberta Wildrose party leader envisions a different-looking oilpatch

Brian Jean, the newly elected leader of Alberta’s Wildrose Party, doesn’t put much stock in opinion polls, even as they show he’s got a fighting chance of scuttling the carefully orchestrated re-confirmation of the province’s long-ruling Tories under the new leadership of Jim Prentice. 889 more words

Energy

Markets reward Suncor for quick cuts to costs, jobs

Investors and financial analysts applauded Thursday after Suncor Energy Inc. announced it had completed 1,000 layoffs in just two and half months and that it would realize annual cost savings of $600 million to $800 million in 2015, a year earlier than expected. 364 more words

Energy

Connacher Oil and Gas Ltd debt-for-equity swap gets okay

CALGARY – Junior oilsands producer Connacher Oil and Gas Ltd.’s plan to swap $1 billion worth of debt for equity received both shareholder and debt-holder approvals on Monday, although the company may not be completely out of the woods. 496 more words

Energy