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Canadian Government Commits $320 Million to Aid Offshore Oil Industry

2020-09-25 20:35:00| OGI

Newfoundland and Labrador is the third-largest oil-producing province in Canada, producing 5% of the country's crude in 2018. Low oil prices have forced producers to cut spending and output globally.

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Trump Allows Keystone Pipeline to Boost Canadian Oil Capacity after Expansion Stalls

2020-07-30 19:35:00| OGI

U.S. President Donald Trump issued a new presidential permit for the base Keystone XL pipeline, allowing TC Energy to boost oil capacity by 170,000 bbl/d to 761,000 bbl/d.

Tags: oil capacity canadian expansion

 
 

IHS Markit: small long-term change for Canadian oil sands despite COVID-19 Shock & largest annual production decline in 2020

2020-07-29 12:55:40| Green Car Congress

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US, Canadian Oil, Gas Rig Count Falls to Record Low Again

2020-06-26 19:42:59| OGI

The U.S. oil and gas rig count fell by one to an all-time low of 265 in the week to June 26, according to data from Baker Hughes Co. going back to 1940.

Tags: low record count gas

 

Canadian Oil Problems May Force Trudeau, Foe To Cooperate

2020-02-27 16:37:18| OGI

Abandonment of oil sands project costs Alberta thousands of jobs to be created.

Tags: problems force oil canadian

 

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