Canada

The country’s once-thriving railway system has skidded to a stall, falling victim to low crude-oil prices, reduced demand, and government-imposed oil production cuts.

The all-cash deal bucks a recent trend of international oil companies divesting of Canadian assets and adds 15,000 B/D of production to the buyer’s total.

Larger-capacity LNG truck trailers and new regulations for transport by rail are providing more options for industrial consumers in remote locations.

US Court decisions put two major pipelines on hold and led to the cancellation of another pipeline project within days of each other.

The US approved construction and operations for the Jordan Cove project in March; first gas is anticipated in 2024

When oil demand vaporized, oil sands producers cut 300,000 B/D of production from wells using steam injection to produce bitumen. It is a huge test of something they have long been reluctant to do—turn down in-situ production when prices plunge.

CB&I Storage Solutions joins a list of contractors working on the Trans Mountain Expansion Project.

For years Canadian heavy-oil production exceeded the volumes pipelines could handle.

Its reward for years of struggling to adapt to low prices and weak demand for its oil and gas has been an epic crash. Canadians selling change say it is time to consider possibilities that seemed inconceivable in the past.

The Alberta Energy Regulator has suspended a wide array of environmental monitoring requirements for oilsands companies over public health concerns raised by the COVID-19 pandemic.