KINGSTON (Reuters) - The United States is closer to deciding whether to impose sanctions on Venezuelan oil, U.S. Secretary of State Rex Tillerson said on Wednesday, at the end of a five-nation tour of Latin America where he discussed the move with regional leaders. Tillerson said Canada, Mexico and the United States had agreed at a trilateral meeting last week to study what could be done to mitigate the impact of such a move. Tillerson said he had briefed President Donald Trump about the [Read more]
Headlines
Trans Mountain CEO condemns B.C.’s move to restrict bitumen shipments
CALGARY - The head of Kinder Morgan Canada Ltd. has joined growing calls for the federal government to step into the dispute between Alberta and British Columbia over oil exports. Ian Anderson said Wednesday that he's pleased to hear strong and continuous words of support from Prime Minister Justin Trudeau on the company's Trans Mountain pipeline expansion project, but that at some point the federal government will have to act. "I'm expecting the federal government to help solve [Read more]
Worker killed as drilling rig moved at northern Alberta oilsands site
CONKLIN, Alta. - A worker has been killed in an energy sector accident in northern Alberta. Cenovus Energy Inc., says the accident happened late Tuesday night at its Christina Lake oilsands site, about 350 kilometres northeast of Edmonton. The company says in a release that the death involved a hauling truck and occurred as a drilling rig was being moved. The worker was employed by one of Cenovus's third-party contracting companies. Officials have not released any [Read more]
U.S. shale surge sends warning to OPEC: Kemp
LONDON, Feb 7 (Reuters) - U.S. crude oil production is set to increase by more than 1.2 million barrels per day in 2018 compared with 2017, according to the latest short-term forecasts from the U.S. Energy Information Administration. U.S. crude production will average almost 10.6 million barrels per day (bpd) this year compared with 9.3 million bpd in 2017 (“Short-Term Energy Outlook”, EIA, Feb. 6). The forecast has been revised sharply higher from less than 10.3 million bpd at the time of [Read more]
U.S. crude stocks rise on record output, fuel supply up too: EIA
(Reuters) - U.S. crude stocks rose last week even though refineries hiked output, which also boosted gasoline and distillate inventories, the Energy Information Administration said on Wednesday. Refinery crude runs rose by 784,000 barrels per day, EIA data showed. Refinery utilization rates rose by 4.4 percentage points. That boosted inventories of gasoline and diesel fuel heading into the less busy season, feeding concerns about supply. Oil production appeared to reach a new U.S. record, [Read more]
Premier Scott Moe says Saskatchewan will not ban B.C. wines in pipeline dispute
REGINA - Saskatchewan says it will not be joining Alberta in banning the import of British Columbia wines. Alberta Premier Rachel Notley announced the ban on Tuesday as the next step in an ongoing dispute with B.C. over the Trans Mountain pipeline expansion. In a statement on Facebook, Saskatchewan Premier Scott Moe says that while his province supports Alberta in its fight, he doesn't think the dispute will be solved by trade measures that have an impact on consumers and private [Read more]
Manitoba premier calls for ‘de- escalation’ in Alberta-B.C. pipeline dispute
WINNIPEG - Manitoba Premier Brian Pallister says increasing regional tensions and economic uncertainty over the future of the Trans Mountain pipeline project should be defused as quickly as possible. Pallister's comment comes one day after the Alberta government announced it's banning wine from British Columbia because of B.C.'s plans to limit how much diluted bitumen can be shipped from its coast. Pallister says in a statement that he has promoted open trade among the provinces [Read more]
Column: Trudeau may want to gender neutralize his own back yard.
Most of us have already heard clips of Prime Minister Trudeau chiding a woman asking a question at a town hall meeting last week and asking her to use the term “peoplekind” rather than the terribly offensive and non-inclusive term “mankind." If you haven’t heard it yet, the short video clip below covers it. It is not terribly surprising to see Trudeau awkwardly trying to pander to extreme feminists who feel that every possible word that is traditionally gender associated is inherently [Read more]
Trudeau says he is talking to premiers about Trans Mountain pipeline battle
OTTAWA - Just because Prime Minister Justin Trudeau is refusing to wade publicly into the emerging pipeline-induced trade war between British Columbia and Alberta, that doesn't mean things aren't happening out of the public eye, his environment minister suggested Wednesday. Speaking in French after the weekly government caucus meeting, Catherine McKenna said things sometimes happen behind closed doors and that solutions are often more easily found without drama. Maybe so — but [Read more]
Cenovus Energy Inc. – Non Core Light Oil & Oil Sands Properties Divestiture
Cenovus Energy Inc. (“Cenovus” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of the Company’s light oil properties located in the Puskwa and Simonette areas of Alberta, as well as its oil sands properties located in the Panny, Godin, Peace River, Portage/Duncan and Craigend areas of Alberta (the “Properties”). Light Oil Properties At Puskwa, Cenovus holds a 100% working interest in 25,728 ha of mainly contiguous land offsetting recent Montney drilling activity [Read more]