CALGARY, Alberta (Reuters) – Canada is playing up its record as a reliable oil supplier to the United States compared to politically volatile Venezuela, as it seeks to win favor in Washington for the contentious Keystone XL pipeline to Texas refineries.
Natural Resources Minister Joe Oliver said on Thursday that the United States, already Canada’s largest oil market by far, can expect far better service than it has received from the South American OPEC member that currently feeds a large chunk of oil demand in the Gulf Coast region.
CALGARY, Alberta, April 4 (Reuters) – Alberta is considering
a major increase in the carbon levy it charges oil producers as
it seeks to show Washington that it is serious about meeting
emission-reduction goals, while promoting the contentious
Keystone XL pipeline to Texas refineries.
Alberta Environment Minister Diana McQueen offered the levy
proposal at a meeting in Calgary last week with oil executives
and federal Environment Minister Peter Kent, the Globe and Mail
newspaper said on Thursday.
CALGARY, Alberta (Reuters) – Two high-profile oil spills won’t stem the now-record flow of Canadian oil into the United States, despite the frenzy that the spills triggered among friends and foes of the Keystone XL pipeline to the main U.S. refineries.
The fate of Keystone remains undecided, yet Canadian crude will become an increasing part of the U.S. energy mix, despite growing competition from new U.S. production.
CALGARY, Alberta, April 2 (Reuters) – Two high-profile oil
spills won’t stem the now-record flow of Canadian oil into the
United States, despite the frenzy that the spills triggered
among friends and foes of the Keystone XL pipeline to the main
The fate of Keystone remains undecided, yet Canadian crude
will become an increasing part of the U.S. energy mix, despite
growing competition from new U.S. production.
CALGARY, Alberta (Reuters) – Ralph Klein, the rough-edged “King Ralph” who ruled Canada’s energy-producing province of Alberta from 1992 to 2006 with conservative policies that included deep public spending cuts and debt reduction, died on Friday, his family said.
He was 70.
Klein, a one-time television reporter who was also mayor of Calgary, had been suffering from dementia and chronic obstructive pulmonary disease, and had been out of the public spotlight that he basked in for much of his adult life.
CALGARY, Alberta, March 28 (Reuters) – This week’s decision
by Total SA’s and Suncor Energy Inc to abandon
a multibillion-dollar project to upgrade bitumen produced in the
Canadian oil sands before shipping it abroad won’t be the last
rethinking of a capital-hungry oil sands project in a harsher
But the chief executive of Total’s Canadian unit said on
Thursday he expects the problem of transport bottlenecks now
plaguing the northern Alberta oil sands to be ironed out by the
time his company starts up vast new mines in the region later
NEW YORK/CALGARY March 27 (Reuters) – A mile-long train
hauling oil from Canada derailed and leaked 30,000 gallons of
crude in western Minnesota on Wednesday, as debate rages over
the environmental risks of transporting tar sands across the
The leak – the first major spill of the modern North
American crude-by-rail transit boom – came when 14 cars on a
94-car Canadian Pacific train left the tracks about 150 miles
north west of Minneapolis near the town of Parkers Prairie, the
Otter Tail Sheriff’s Department said.
CALGARY, Alberta, March 27 (Reuters) – Suncor Energy Inc
said on Wednesday it will not proceed with its proposed
multibillion-dollar Voyageur oil sands upgrading plant in
northern Alberta because recent changes in oil market conditions
have reduced potential returns.
Suncor, Canada’s largest oil company, said the decision to
pull the plug on Voyageur was in line with its strategy to
allocate its capital to high-return projects and accelerate the
return of cash to investors with dividends and share buybacks.
CALGARY, Alberta, March 27 (Reuters) – A combination of
surging production from low-cost Alberta bitumen projects and
stubbornly tight export pipeline capacity will keep Canadian
crude oil prices volatile for the rest of the decade, energy
researcher Wood Mackenzie said on Wednesday.
The prediction comes as the Alberta and Canadian governments
struggle to find solutions to the problem of deep discounts in
prices for the country’s heavy crude oil that have pressured
public finances as well as corporate bottom lines.
CALGARY, Alberta, March 25 (Reuters) – Suncor Energy Inc
is expected to shelve plans for a multibillion-dollar
oil sands processing plant in northern Alberta when it announces
the fate of the facility in the coming days, blaming a forecast
for weakening returns.
The decision by Canada’s largest oil company on its
long-delayed and partially built Voyageur upgrading plant in
Alberta is one of a pair of major developments in the oil sands
due this week, the other being the targeted start-up of Imperial
Oil Ltd’s Kearl mining project after about four years