Oil News in Canada
| 10/3/2024 - Tenth Avenue Petroleum Corp. (“TPC” or the “Company”) is pleased to announce that the Company has signed a non-binding Letter of Intent (“LOI“) to acquire (the “Acquisition“) approximately 82 boe/d (4... |
| 9/4/2024 - Global commodity price reporting agency Argus today launched three new daily prices for heavy Canadian crude exported through the 590,000 b/d Trans Mountain Expansion (TMX) pipeline in western Canada.... |
| 12/14/2023 - Enserva released its Fall 2023-2024 State of the Industry Report (the “Report”), providing trends, insights and an overall outlook for the oil and gas and drilling
services sector moving into 2024. ... |
| 5/4/2023 - Enbridge Inc. (ENB) (Enbridge) announced that it has reached an agreement in principle on a negotiated settlement (the settlement) with shippers for incentive tolls on its Mainline liquids system, whi... |
| 6/16/2022 - PetroTal Corp. is pleased to announce the following sales related update. 720,000 barrels of oil under contract for export from Bayovar. Approximately 720,000 barrels of PetroTal's Bretana ... |
| 3/16/2022 - Pure Extracts Technologies Corp, a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that it has succes... |
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6/12/2017 - Canada’s oil supply in 2016 is estimated at 4.50 mb/d, an increase of 80 tb/d. According to preliminary national source data, Canadian oil output in January increased by 0.18 mb/d m-o-m to settle at 5... |
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10/3/2016 - Oil supply in Canada is expected to grow by 20 tb/d in 2016 to average 4.44 mb/d y-o-y, revised up by 20 tb/d from the previous month. Preliminary estimates by Canadian national sources reported a dec... |
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7/16/2016 - While the situation of Canada’s economy remains challenging, growth in 1Q16 has recovered. GDP growth in 1Q16 stood at 2.4% q-o-q SAAR. This is considerably higher than full year growth in 2015 of 1.1... |
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5/22/2016 - Canada’s 2015 oil supply growth was lower than expected at 110 tb/d, down from 0.27 mb/d in 2014, to average 4.42 mb/d. Despite remarkable growth in oil sands output of 200 tb/d, half was offset by a ... |
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5/11/2016 - While the Canadian economy remains in a weak position, it seems to have recovered somewhat. After being affected by relatively sluggish domestic demand amid falling oil prices and a decline in investm... |
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5/7/2016 - Canadian oil production in 2016 is expected to increase by 90 tb/d y-o-y to average 4.50 mb/d, revised up by 20 tb/d from the previous MOMR. An upward revision in 4Q15 by national sources carried over... |
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1/4/2016 - Oil supply in Canada is expected to grow by 0.12 mb/d in 2016 to average 4.48 mb/d y-o-y, a decline of 20 tb/d from the initial forecast. This is partially due to higher expected declines in conventio... |
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11/29/2015 - Oil supply in Canada is expected to grow by 0.12 mb/d in 2016 to average 4.48 mb/d y-o-y, unchanged from the previous MOMR. Oil sands projects in Canada, which are already invested and sanctioned, wil... |
| 11/18/2015 - Husky Energy (HSE) has sanctioned Rush Lake 2, a new 10,000 barrels per day (bbls/day) heavy oil thermal development in Saskatchewan, as it continues to advance its resilient portfolio of low sustaini... |
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10/24/2015 - Oil supply in Canada is expected to grow by 0.05 mb/d in 2015 to average 4.36 mb/d
y-o-y, a downward revision of 40 tb/d from the previous month. Final June data shows
conventional output fell in Ju... |
| 9/2/2015 - SDX Energy Inc. (formerly Sea Dragon Energy Inc.) is pleased to announce that it has closed its previously announced strategic business combination with Madison PetroGas Ltd., a private, arm’s length,... |
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8/1/2015 - Canada’s oil supply is expected to grow by 80 tb/d to average 4.39 mb/d in 2015 y-o-y, a downward revision of 0.06 mb/d from the previous month. Canadian oil output was revised up by 0.14 mb/d in 1Q15... |
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6/13/2015 - Oil supply in Canada increased by 0.28 mb/d in 2014 to average 4.31 mb/d, unchanged over the previous month. ... |
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4/7/2015 - Canada’s oil output is forecast to average 4.37 mb/d in 2015, revised up by 20 tb/d due to a base change in 2014, a proposed increase of 0.14 mb/d over the previous year and unchanged from the previou... |
