Canada increases loan guarantees for Trans Mountain pipeline to $19 billion
The Canadian government has guaranteed another $1 billion in commercial loans for the Trans Mountain pipeline expansion, taking the total government-backed loan facility...
Canada amending Trans Mountain ownership regulations to help pipeline sale
Canada is amending regulations on how it manages the state-owned Trans Mountain oil pipeline in order to facilitate its sale to Indigenous groups,...
Canadian banks directed over US$100 billion to oil and gas last year: report
Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual...
Pembina Pipeline says potential Trans Mountain purchase not a priority
Pembina Pipeline Corp. says while it remains interested in global export opportunities, it isn't devoting much time currently to exploring a potential purchase...
Canadian oil executives expect sustained period of strong crude prices: survey
Nine out of 10 Canadian energy sector executives believe oil prices will remain strong for the next three to five years, according to...
Suncor leasing oil tanker ships to carry crude from Trans Mountain pipeline expansion
Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed...
EIA expects electricity growth to be mostly met by renewables
May 7 2024 The U.S. Energy Information Administration (EIA) expects electricity generation will grow by about 3% in 2024 and 1% in 2025....
MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’
Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come.
Calgary-based MEG Energy sees earnings rise in first quarter to $98 million
Meg Energy CEO Darlene Gates says the additional pipeline capacity from the start-up of the Trans Mountain expansion is expected to narrow heavy...
Analysis: Heavy oil shortage spells higher cost for industry
Mexican export cuts and a rerouting of Canadian output are shrinking limited supplies of heavy crude in the Atlantic basin
