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May 28, 2015

Alberta wildfires burn for 6th day, 10 pct of oil sands crude offline

CALGARY, Alberta, May 28 (Reuters) – Firefighters battled
wildfires in northern Alberta, Canada’s biggest crude-producing
region, for a sixth day on Thursday, with two blazes near oil
sands facilities still out of control.

The wildfires have forced producers in the Western Canadian
province, the largest source of U.S. crude imports, to shut in
233,000 barrels per day of crude production, around 10 percent
of total oil sands output.

May 27, 2015

Canada wildfires rage on, intensify near oil sands sites

CALGARY, Alberta, May 27 (Reuters) – A wildfire raging in
northeastern Alberta near two major oil sands projects nearly
doubled in size to 17,000 hectares (42,000 acres) on Wednesday,
although firefighters made some progress tackling blazes
elsewhere in the oil-rich Western Canadian province.

The fires have forced energy companies operating in Alberta,
the largest source of U.S. oil imports, to shut in 233,000
barrels per day of production, or roughly 10 percent of total
oil sands output.

May 27, 2015

Alberta wildfires rage on, intensify near oil sands sites

CALGARY, Alberta, May 27 (Reuters) – A wildfire raging in
northeastern Alberta near two major oil sands projects nearly
doubled in size to 17,000 hectares on Wednesday, although
firefighters made some progress tackling blazes elsewhere in the
oil-rich Western Canadian province.

The fires have forced energy companies operating in Alberta,
the largest source of U.S. oil imports, to shut in 233,000
barrels per day of production, or roughly 10 percent of total
oil sands output.

May 27, 2015

Hundreds more oil sands staff evacuated on Alberta fire threat

CALGARY, Alberta (Reuters) – Statoil ASA, MEG Energy Corp and Cenovus Energy Inc evacuated hundreds of workers from three oil sands projects in northeastern Alberta on Tuesday as wildfires raged through the key crude-producing region.

The latest evacuations are in addition to project shutdowns by Cenovus and Canadian Natural Resources Ltd over the weekend, as companies rushed to remove staff from potential danger.

May 26, 2015

MEG latest to shut oil sands project on Alberta fire threat

CALGARY, Alberta, May 26 (Reuters) – MEG Energy Inc
said on Tuesday it was suspending operations at its 80,000
barrel per day Christina Lake oil sands project and evacuated
non-essential staff as wildfires rage through northeastern
Alberta.

MEG said in a statement that there was as yet no safety risk
from the forest fires, but it has halted work on a planned
maintenance shutdown at its project site, the latest of several
oil producers in the region to move staff away from the
potential danger.

May 25, 2015

Alberta energy minister inexperience a concern for industry

CALGARY, Alberta, May 25 (Reuters) – Canada’s oil and gas
industry is concerned about the inexperience of Alberta’s new
energy minister, but is ready to give her the benefit of the
doubt for now as she takes on the closely watched role, analysts
and executives said on Monday.

Marg McCauig-Boyd, a one-time teacher with a master’s degree
in administration and leadership from San Diego State
University, was on Sunday appointed as energy minister by new
Premier Rachel Notley.

May 21, 2015

Latest bad news for oil-rich Alberta: more getting unemployment aid

CALGARY, Alberta, May 21 (Reuters) – The number of Alberta
job seekers collecting unemployment benefits rose the most in
March since the financial crisis, another sign last year’s crude
price plunge is still badly hurting the economy of the
oil-exporting Canadian province.

Statistics Canada said on Thursday that the number of
Albertans receiving unemployment insurance benefits rose for the
fifth-straight month in March to 38,800, 8.9 percent more than
in February.

May 12, 2015

Alberta premier-elect says royalty review coming in current term

CALGARY, Alberta, May 12 (Reuters) – Rachel Notley,
premier-elect of the Canadian province of Alberta, the largest
source of U.S. oil imports, said on Tuesday her newly elected
government intends to hold its promised review of royalty rates
for oil and gas producers in its current term.

Notley, whose left-wing New Democratic Party last week ended
the 44-year rule of the right-wing Progressive Conservatives,
said the dates for the review have not yet been set, nor has the
timing of her government’s first budget, which will be set in
the next few days as she finalizes her cabinet.

May 7, 2015

No experience, no problem: Alberta’s NDP rookies scramble to govern

CALGARY, Alberta, May 7 (Reuters) – Alberta’s new
left-leaning government, which sensationally ended the
Conservative party’s 44-year run in Canada’s energy heartland
this week, is undertaking a crash course that could be called:
“Ruling for Rookies.”

The election victory by the New Democratic Party (NDP) on
Tuesday will deliver one of the most inexperienced parties ever
to take office in Canada. The party previously held just four of
87 seats in the legislature and only a few of its 53 new
lawmakers have ever held public office.

May 7, 2015

Canadian Natural says will work with new Alberta government

CALGARY, Alberta, May 7 (Reuters) – Canadian Natural
Resources Ltd, the country’s largest oil producer, said
on Thursday it expects Alberta’s newly elected left-wing
government will be a good partner for the energy industry, but
warned that increased corporate taxes and royalties would cause
businesses to flee the province.

The company, which reported a first-quarter loss on
Thursday, said the policies of Premier-elect Rachel Notley and
her New Democratic Party would not be good for the industry,
though it is willing to educate her.

    • About Scott

      "Based in Calgary, Alberta, I've covered Canada's energy industry and the oil sands for the past five years for Reuters, and a decade before that for newspapers and other wire services."
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