One of Canada’s biggest oil and gas companies, Cenovus Energy (NYSE: CVE), booked higher-than-expected earnings for the first quarter of 2024 amid strong oil and gas production and record throughput volumes at its refineries. Cenovus reported on […]
The prospect of decreased crude oil supplies from Mexico, the top international supplier to the U.S. Gulf Coast (USGC), is creating uncertainty among heavy crude-focused refineries. Mexico’s state-owned energy company, Petróleos Mexicanos (Pemex), instructed its […]
The expansion of the Trans Mountain pipeline received the final regulatory clearance it needs to start shipping crude from the oil sands to Canada’s Pacific Coast, concluding a decade-long wait for the controversial project. The […]
Condos in Toronto hit 28-month low. But Vancouver house prices only -3.9% from peak in 2022. Calgary house prices jump to new high; oil boom helps. By Wolf Richter for WOLF STREET. Condo prices in Canada fell 0.7% […]
On April 3, Trans Mountain Corporation (TMC), the Canadian federally owned corporation building the Trans Mountain Pipeline expansion (TMX), announced that it had successfully completed on March 29 construction work in southern British Columbia (BC) […]
The expansion of the Trans Mountain oil pipeline is almost complete and the project is on track to start up on May 1 after the government-owned company finished a mountainous segment in British Columbia that had delayed […]
COCHRANE, Alta. – Horns blared along the Trans-Canada Highway west of Calgary on Monday as a protest against the hike in the federal carbon price slowed traffic to a crawl. Hundreds of protesters, many waving […]
The federal government of Canada is not interested in investing in any LNG projects or subsidizing such plans, Energy and Natural Resources Minister Jonathan Wilkinson told CTV in an interview aired on Sunday. The Canadian government doesn’t […]
Toronto condos drop to 28-month low, Vancouver house prices -4% from peak in 2022 but condos near high. Calgary houses set new highs. By Wolf Richter for WOLF STREET. House prices in Canada were unchanged in February compared […]
Houston-based Western LNG and the Nisga’a Nation, the partners in Canada’s Ksi Lisims LNG project, have agreed to buy the planned Prince Rupert pipeline project from TC Energy. PRGT is a wholly owned subsidiary of […]
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