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Canadian Natural Resources chairman sees oil touching US$30 a barrel

2014-11-29 22:32:12| Oil & Gas - Topix.net

Canada's oil industry faces a year of "tough slugging," including the deferment of many projects, as oil prices collapse to as little as US$30 a barrel then likely stabilize around US$70 to US$75 a barrel, oil entrepreneur Murray Edwards predicted Friday. Because of its high costs, the Canadian sector will be impacted more than many oil-producing jurisdictions around the world by OPEC's decision Thursday to not cut oil production, said Mr. Edwards, the chairman of Canadian Natural Resources Ltd. and one of Canada's single biggest oil investors.

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Canadian Environment Commissioner Takes Aim at Arctic, Oil Sands

2014-10-09 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Toronto Star: The Federal government isnt doing enough to combat climate change or to reduce pollution from Albertas oilsands, says a scathing new report by the environment commissioner. But environment commissioner Julie Gelfands most biting remarks are on the governments lack of preparation for increasing marine traffic in the Arctic. She warns there are outdated maps and surveys, inadequate navigational aids and icebreaking services that are stretched to the limit. The six-chapter report is her first...

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Oil Shipments Loom Large for Canadian Pacific

2014-10-08 02:57:51| Railroads - Topix.net

About a third of Canadian Pacific Railway Ltd.'s expected revenue gains through 2018 will be driven by crude oil shipments aided by improvements at oil-loading terminals and track in western Canada, the company's chief operating officer said on Tuesday.

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