Canada | Egypt Oil & Gas - Part 6
Low Oil Prices Having Negative Impact on Canada
Canada’s oil industry has had a rough couple of months, with production and exports taking a hit.
Canada’s Crude Oil Output to Grow at Slower Pace Than Previously Forecasted
Canada’s crude oil output will continue to grow over the long term but at a slower pace than previously projected, reflecting many project postponements resulting from the slump in oil prices, the country’s main ener ... Despite Huge Find, Decreasing Prices Means No Drilling in Canada
The news was bittersweet for Canada’s Northwest Territories. While the region found out last week that its Canol and Bluefish formations hold Canada’s largest shale oil reserves, the slump in prices means no one’s dr ...
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 ...
