Canada

The Albertan provincial government is offering improved terms for companies drilling new unconventional oil and natural gas wells in the province. Under a new royalty regime, due... 2008-11-20

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has announced that it received successful bids from four companies for five separate areas located in the Newfoundland... 2008-11-19

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has awarded two offshore exploration licences as part of its NS08-1 licensing round. Shallow water Parcel 1 was awarded to... 2008-11-10

As concerns over slowing US oil demand and falling crude prices mount, several international oil companies (IOCs) are in the process of reviewing their capital expenditure (capex)... 2008-10-31

Canadian independent Nexen and oil sands focused OPTI Canada have officially opened the Long Lake oil sands project in Alberta. The completion of the project comes as a number... 2008-10-24

Canadian independent EnCana has put its plans to divide the company into two entities focusing respectively on natural gas and oil sands on hold, citing 'uncertainty and volatility... 2008-10-17

Russian state-controlled gas company Gazprom is reportedly on the verge of securing a 27% stake in Canada's Rabaska liquefied natural gas (LNG) terminal. Gazprom chief executive... 2008-10-14

Inflated production costs and tight credit markets may mean oil sands projects will need crude oil prices above US$100 per barrel (bbl) to be viable, according to reports by investment... 2008-09-22

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has awarded four offshore blocks that were up for tender in the 2007 exploration bidding round in the Labrador... 2008-09-16

California-based major Chevron is set to finalise a deal with the government of Newfoundland and Labrador to develop the CAD6bn (US$5.7bn) Hebron oil field.