A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Canada oil patch to see massive consolidation, analyst predicts

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Crude oil prices remain about 44 percent lower than in June even after rebounding somewhat from a six-year low in March. The lower prices have led oil-sands producers in Western Canada to reduce spending by billions of dollars and cut thousands of jobs.
OIL GAS RIG

Canada adapting to cheaper oil to avoid going way of the auto industry

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The Group of Seven’s biggest oil exporter may see drilling investment slashed by $23.2 billion in the coming 12 months, according to data compiled by Bloomberg. That’s a 29 percent reduction from the previous 12 months and the biggest since at least 2007.
The Syncrude oil sands site, outside of on April 28th, 2015 in Fort McMurray, Canada. Fort McMurray is currently coping with an economic downturn as a result of low oil prices and most of the layoffs have been impacting the transient workforce. Canada's oil and gas industry is expected to lose 37% of its revenues in 2015. (Photo by Ian Willms/Getty Images)

Canada to regulate oil and gas emissions to meet new 30 percent target

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Under the 2009 Copenhagen Accord, Canada pledged to cut its emissions by 17 percent from 2005 levels by 2020, or reaching 611 megatons, but is on pace to fall well short of its goal.
(Spencer Platt/Getty Images)

Canadian oil field services company cuts 2,000 jobs across North America

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Oil-services companies are slashing jobs to cope with declining demand from drillers. Baker Hughes Inc., the oilfield-services company merging with Halliburton Co., has reduced about 17 percent of its workforce in recent months.
(Mayra Beltran/Houston Chronicle)

CERAWeek: Low prices slow, but won’t end, Canadian oil sands development

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Expansions will keep moving ahead in Alberta, even though new greenfield projects are being halted amid low crude prices.
(David Paul Morris/Bloomberg)

Mayors from Vancouver and other Canadian cities are trying to halt a Kinder Morgan pipeline

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The mayors of seven towns in British Columbia want the proposed Trans Mountain pipeline expansion put on hold.
conoco

ConocoPhillips hires Scotiabank to sell some Canadian assets

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Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank.
In this Thursday, Sept. 11, 2014 photo, workers lay cables on a new oil rig under construction for China National Offshore Oil Corp. (CNOOC) in a shipyard in Qingdao in east China's Shandong province. The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday, Sept. 16. The discovery by CNOOC was made about a month after its rig withdrew in July from Vietnam's exclusive economic zone to far less-contested waters closer to China. (AP Photo) CHINA OUT

Oil producer Nexen cuts workforce by 400

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Nexen is a wholly-owned subsidiary of CNOOC Limited, one of China’s major national oil companies.
(Photo by Eddie Seal for Bloomberg News)

Tourmaline hunts for energy deals as rivals dump assets

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Tourmaline is growing as peers shed assets and reduce dividends with U.S. crude hovering below $50 a barrel.
Bloomberg Photo/Scott Dalton

Out of Keystone debate’s glare, pipelines going in nationwide

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While the Keystone project awaits a final decision, lesser-known developments have quietly added more than 11,600 miles of pipeline to the nation’s domestic oil network.