Exxon shut the Pegasus pipeline, which can carry more than 90,000 barrels per day (bpd) of crude oil from Pakota, Illinois, to Nederland, Texas, after the leak was discovered on Friday afternoon,...
- Wed
- Jun 19, 2013
- Updated: 6:29pm
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Canada is still open to investments from foreign state-owned firms in its energy sector, and it is keen to diversify its export markets to Asia to reduce its reliance on the United States, the...
In 1778 when Alexander MacKenzie first sighted a sticky black substance in Canada, he wrote in his journal that the locals mixed it with spruce gum to waterproof their canoes.
Sunshine Oilsands, a developer of oil-sands energy projects in Canada backed by two mainland financial institutions, is aiming to raise up to US$700 million from a listing this month in Hong Kong...
State-backed PetroChina, the nation's largest oil and gas producer, will buy 40 per cent of an oil sands project in western Canada for C$680 million (HK$5,213 million), making it the first Chinese...
Producers are not in control now, says energy secretary
Oil's rise to a record high of US$78.40 a barrel, pushed up by Israel's attack on Lebanon, shows that producers have lost...
Price surges, supply uncertainty spur investment in Alberta's huge reserves
Rising oil prices and increasing uncertainty about world supplies have sparked investment interest in the...
As Canada's real estate boom continues unabated, Fort McMurray, the epicentre of Alberta's oil boom, has become the hottest housing market in the country.
If growth potential is important when buying commercial real estate it is hard to beat the pitch of one Canadian city landlocked in the middle of the prairie: Calgary is the commercial capital of...
Despite a surge in oil prices, Husky Energy posted a 38.9 per cent decline in first-half profit after locking in sales contracts at much lower prices last year.
PetroChina produced slightly more oil and gas in the first nine months than in the same period last year but will have earned a smaller profit due to lower oil prices.
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