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May 14, 2014

Alberta, in protest over Ukraine, won’t attend Russia oil conference

CALGARY, Alberta (Reuters) – Alberta, the Canadian province with the world’s third-largest crude reserve in its oil sands, said Wednesday it will not participate in a global oil conference in Moscow next month as a protest against Russia’s actions in Ukraine.

The province’s government said it will not staff a booth, as had earlier been planned, in the Canadian pavilion at the World Petroleum Congress scheduled for June 15 through 19. It will also refrain from supporting any Alberta-based companies attending the event.

May 13, 2014

Encana profit beats estmates; cold weather boosts gas prices

May 13 (Reuters) – Encana Corp on Tuesday reported
a higher-than-expected quarterly profit, much of which coming
from a field it may put up for sale as it looks to cut its
dependence on natural gas production.

After years of weak prices for the fuel, Encana is selling
off natural gas properties and adding more valuable oil and
natural-gas liquids production to boost earnings. But much of
its gains in the first quarter came from its recently opened
Deep Panuke gas project offshore Nova Scotia, which supplies the
northeastern United States.

Apr 21, 2014

Keystone backers keep their faith in embattled pipeline plan

CALGARY/VANCOUVER April 21 (Reuters) – Six years after
applying to build the Keystone XL pipeline, Canada’s frustrated
oil industry appears steadfast in its support of the plan even
though Washington has again delayed a decision on whether to
approve the politically charged project.

The reason is simple: A massive new pipeline to the U.S. Gulf
Coast remains the most elegant solution for producers looking to
export burgeoning supplies of crude from Canada’s oil sands to
the United States. TransCanada Corp’s $5.4 billion
pipeline would seamlessly pump enough crude from Alberta to
Texas to meet 4 percent of total U.S. demand.

Apr 15, 2014

Five dead after stabbing rampage at Calgary house party

CALGARY, Alberta (Reuters) – The son of a long-serving member of Calgary’s police force was arrested on Tuesday after five people at a house party were stabbed to death in the worst mass murder in the city’s history, Calgary’s police chief said.

Three men were found dead at the scene and a man and a woman died in hospital after the attack at an off-campus party to celebrate the end of the university term. Police said the man, a student at the University of Calgary whose name will be released once charges are laid, was an invited guest.

Apr 14, 2014

Emboldened Canada pipeline opponents push for referendum

VANCOUVER/CALGARY, April 14 (Reuters) – Opponents of
Canada’s Northern Gateway pipeline, bolstered by a coastal
town’s vote against the project, said on Monday they will now
push harder for a provincial referendum they hope would kill
Enbridge Inc’s plan to move oil sands crude to Asian
markets.

Residents of Kitimat, located in British Columbia’s remote
northwest, voted against the proposed project on Saturday, with
58.4 percent of residents opposed in the non-binding poll. The
small town is where the terminal facilities for the C$7.9
billion ($7.21 billion) pipeline would be built.

Mar 31, 2014

Encana to sell assets in Wyoming natural gas field for $1.8 billion

CALGARY, Alberta March 31 (Reuters) – Encana Corp,
Canada’s largest natural gas producer, said on Monday it was
selling its properties in Wyoming’s Jonah natural gas field to
an arm of private equity firm TPG Capital for $1.8
billion, as part of a plan to shed assets and concentrate its
operations.

The sale includes properties producing about 323 million
cubic feet of gas per day, about 12 percent of Encana’s natural
gas output in 2013, 1.5 trillion cubic feet of reserves, 24,000
acres of developed lands and 100,000 acres of exploration lands
near the Jonah field called the Normally Pressured Lance area.

Mar 27, 2014

In Canada snowdrifts, Coen brothers’ ‘Fargo’ gets cable TV treatment

CALGARY, Alberta (Reuters) – A particularly punishing winter, even by Canadian standards, has served well the new cable television series “Fargo,” a reimagining of the blood-soaked black comedy film of the same name by brothers Joel and Ethan Coen.

The 10-episode single-season series, which debuts on April 15 on Twenty-First Century Fox Inc’s FX cable network, is a new story with different characters, but leans heavily on the frigid Minnesota setting, death, Midwestern folksiness and deadpan humor of its Oscar-winning namesake.

Mar 20, 2014

Energy industry keeps wary eye on Alberta political turmoil

CALGARY, Alberta, March 20 (Reuters) – Alberta’s powerful
oil and gas industry is keeping a close watch on the uncertainty
sparked by Alison Redford’s abrupt resignation as leader of the
Canadian province, even though no change is expected in energy
policy for now.

Redford stepped down on Wednesday as premier of the ruling
Progressive Conservative party following a controversy over her
travel expenses and caucus infighting that left her party
floundering in the polls.

Mar 17, 2014

Alberta government shaken by defections as popularity fades

CALGARY, Alberta (Reuters) – Alberta’s Progressive Conservative government, which has run the oil-rich Canadian province for more than four decades, suffered another defection on Monday in what was the latest protest against the leadership of Premier Alison Redford.

Donna Kennedy-Glans, a junior member of Redford’s cabinet, said on Monday she would resign as associate minister for electricity and renewable energy and sit as an independent in the provincial legislature.

Mar 6, 2014

Canadian Natural Resources profit rises on higher output

March 6 (Reuters) – Canadian Natural Resources Ltd,
Canada’s No. 2 oil and gas company, said on Thursday it has a
solution for the problems that led to a months-long spill of
tar-like bitumen at a northern Alberta oil sands property.

The company, which reported a 17 percent rise in
fourth-quarter profit and hiked its dividend for the second time
in four months, also said it expects to complete an expansion of
its Horizon oil sands project earlier than expected.

    • 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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