Canada | Egypt Oil & Gas - Part 6
Oil Sands Production Under Threat from Forest Fire
Cenovus Energy Inc has evacuated about 1,800 workers and shut down production at its Foster Creek oil sands site in Alberta as a precaution because of a nearby forest fire, the company said. Canada Pledges New Regulations on Oil, Gas Emissions
Canada has pledged to cut greenhouse-gas emissions by about a third by 2030, partly by introducing new regulations on its oil and gas sector.
Job Cuts, Profit Losses Hit Oil Sands Industry in Canada
Suncor Energy Inc., Canada’s largest oil company, reported a first-quarter loss after crude prices plunged to the lowest since 2009.
Canadian Banks Liable to US Shale Producers After Plunging Oil Prices
Canada’s biggest banks are on the hook for at least $478 million of the $26 billion owed to U.S. oil and gas firms that bought protection against plunging crude prices.
US Shale Oil Producers Struggle with Financing
Lenders are preparing to cut the credit lines to a group of junk-rated U.S. shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, accordi ...
Jordan Making Progress Over Carbon Emissions, Energy Efficiency
The Aqaba Container Terminal Company is working with Jordan Advanced Alternative Energy and Transport Solutions (Jo-Adv) to save energy and cut emissions using the Canadian Tadger technology.
Kentz Oil and Gas Service Provider Headed to Middle East
Kentz Corporation, a member of the SNC-Lavalin Group, has been awarded two sustaining capital contracts by a major oil company in the Middle East, with an anticipated combined value of over $500m.
Second Major Canadian Oil Derailment in Three Weeks
A Canadian National Railway Co. train carrying crude oil derailed and caught fire in a remote area of northern Ontario, blocking rail traffic between Toronto and Winnipeg, Manitoba.
