Tag: Canada

Cameron profits rise as orders, backlog decline

Oil equipment maker Cameron International saw profits rise 15 percent in the fourth quarter on higher sales from its drilling and surface businesses, it reported Thursday.  More »

Oil slips as U.S. crude stockpiles surge most in 14 years

Inventories rose 10.1 million barrels in the week ended Jan. 16, the biggest gain since March 2001, according to the Energy Information Administration.  More »

Hillary Clinton to speak in Canada amid debate over Keystone

The former U.S. secretary of state was to headline events in Winnipeg, Manitoba, and Saskatoon, Saskatchewan, in her first public speeches of 2015, a day after President Barack Obama delivered his State of the Union address.  More »

U.S. shale oil growth hurts Canadians as well as OPEC

A surge of light oil from North Dakota and Texas is cutting into the earnings of Canadians who turn heavy oil sands into a lighter crude that fetches more from refiners.  More »

Canadian drilling services firm files bankruptcy

A Canadian company that expanded into South Texas in 2012 with a pioneering waterless technique to fracture shale rock has filed for bankruptcy protection as it seeks to reorganize.  More »

State Dept. gives agencies 2 weeks to comment on Keystone

Federal agencies have been given a Feb. 2 to provide advice on whether to move forward with the hotly debated Keystone XL pipeline.  More »

TransCanada sued again by Nebraska landowners over Keystone path

Dual complaints were filed Friday against the Calgary-based company in state courts in York and O’Neill, Nebraska, by David Domina, the lawyer whose prior effort to halt construction of the 1,179-mile conduit was defeated by a cadre of judges who ruled his clients hadn’t established their legal right to sue.  More »

Beaumont event touts benefits of Keystone XL

Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.  More »

Arctic explorers retreat from hostile waters amid oil plunge

Cheap oil threatens to demote the importance of a region already challenged by high costs, environmental concerns, technological obstacles and, in the case of Russia, international sanctions.  More »

Canadian oil firm to cut 1,000 jobs, curb spending

Suncor will also gut its operational expenses by $600 million to $800 million over the next two years.  More »

Canadian oil company cuts more than $2 billion from 2015 budget

It joins a slew of competitors of various sizes, from Marathon Oil to Continental Resources to ConocoPhillips, who have all cut their planned 2015 capital budgets as well.  More »

Shell to cut 5 to 10 percent of 3,000 oil sands jobs

A Shell official characterized the move as unrelated to the drop in commodity prices and intended to keep the company efficient and competitive.  More »

Oil driller laying off 700 in California

Ensign Energy Services told state authorities the layoffs, expected to start Dec. 15, 2014, come because of circumstances beyond its control.  More »

Canadian oil surge to U.S. Gulf puts Mexico on defensive

The Canadian supply will square off against crudes from Mexico and Venezuela that have traditionally fed refineries along the Texas and Louisiana coasts.  More »

Chevron abandons Arctic drilling plans

Chevron told Canada’s National Energy Board Wednesday that it would pull out of Beaufort Sea.  More »
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