Alaska Gov. Bill Walker (AP Photo/Mark Thiessen, File)

Alaska OKs buying out TransCanada’s interest in gas project

The liquefied natural gas project would be one of the largest of its kind, with an 800-mile pipeline, a gas treatment plant and transmission lines connecting to gas fields, and a liquefaction plant and export terminal.
Categories: Arctic, Canada, LNG
(Daniel Acker/Bloomberg)

Money flooding out of Canada at fastest pace in developed world

Crude oil, among the nation’s biggest exports, has collapsed to about half its 2014 peak.
(Norm Betts/Bloomberg)

Devon cuts 200 employees in Canada

The Devon cuts add to about 36,000 oil and natural gas jobs lost in the country since the price crash began more than a year ago, according to an estimate this month from the Canadian Association of Petroleum Producers.
Ben van Beurden, chief executive officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London, U.K., on Thursday, Jan. 29, 2015. Van Beurden pledged to do all he can to maintain payments to shareholders of Europe's largest oil company after crude prices fell by more than half in the past six months. Photographer: Chris Ratcliffe/Bloomberg  *** Local Caption *** Ben van Beurden

Shell cancels big Canadian oil sands project

Shell said Tuesday its Carmon Creek project in Alberta, which was expected to pump 80,000 barrels of crude a day, was sanctioned in late 2013 when oil prices were still hovering around $100 a barrel.
A dump truck drives through the Suncor Energy Inc. oil sands mine in this aerial photograph taken near Fort McMurray, Alberta, Canada, on Thursday, June 4, 2015. Canadian stocks rose a second day as commodities producers rallied after the price of oil climbed to the highest level this year while gold and copper led metals higher. Photographer: Ben Nelms/Bloomberg

Canadian oil sands rejects Suncor’s $3.3 billion hostile bid

Canadian Oil Sands Ltd. urged shareholders to reject Suncor Energy Inc.’s C$4.3 billion ($3.3 billion) hostile takeover, accusing the larger rival of undervaluing its business and exploiting undisclosed information about a partnership in making a low-ball offer. Suncor’s bid is “wholly inadequate” and has less value than the current market price, Calgary-based Canadian Oil Sands said […]

USD Partners buying oil rail terminal for $225 million

Houston’s USD Partners will spend $225 million to buy a crude-to-rail loading terminal and related assets in Casper, Wyoming.
This July 8, 2013 file photo provided by Surete du Quebec, shows debris from a runaway train in Lac-Megantic, Quebec, Canada. (AP Photo/Surete du Quebec, The Canadian Press,File)

$338 million fund in deadly oil train derailment close to approval

Barring any surprises, the timeline would allow payments to be made to victims of the disaster by year’s end, said Robert Keach, the bankruptcy trustee. About $83 million is being set aside to settle wrongful death claims.
In this July 6, 2013, photo, smoke rises from railway cars from now defunct Montreal, Maine & Atlantic Railways company that were carrying crude oil after derailing in downtown Lac Megantic, Quebec, Canada. (Paul Chiasson/The Canadian Press via AP)

Final approval of oil train settlement is delayed

PORTLAND, Maine — Final confirmation of a $338 million settlement for victims of an oil train derailment that claimed 47 lives in Quebec was delayed Thursday to give the lone party that opposes the plan additional time to reach an agreement on terms to join the settlement or withdraw its objection.

Commentary: Focus for oil is on inventory, jobs data

Once again, the API has put the cat among the pigeons ahead of the weekly EIA inventory report. Prices had already spent yesterday getting stomped on all day, before the API released its report, revealing a surprise 7.6 million barrel build versus the expectation for a minor 0.8 mb draw. This was the largest build […]

ConocoPhillips starts up deep oil sands project in Canada

ConocoPhillips says it’s bringing up its first barrels of oil in a large Canadian oil sands project that has been under construction for five years.