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Canadian oil surge fails to lift producers out of the doldrums
By: Bloomberg 21st January 2019 Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help. Since the production curtailment was unveiled early last month, Western Canadian Select crude has almost doubled to about $43 a... →
Canada challenges innovators to modernise 100-year-old mining processes
By: Creamer Media Reporter 31st October 2018 Canadian Natural Resources Minister Amarjeet Sohi has challenged innovators to develop new technology solutions to lower energy consumption for crushing mined rock - a process that currently accounts for up to 3% of the world’s electricity usage. Launching the $10-million Crush It! Challenge,... →
Shell sells out of Canadian Natural position for C$4.3bn
By: Henry Lazenby 8th May 2018 British–Dutch multinational oil and gas company Royal Dutch Shell has agreed to sell its entire stake in Calgary, Alberta-based company Canadian Natural Resources in a deal valued at about C$4.3-billion. Shell has reached agreement with underwriters Goldman Sachs & Co, RBC Capital Markets,... →
Imperial Metals' holders count on another billionaire rescue
By: Bloomberg 3rd October 2017 Has billionaire Murray Edwards stepped in to prop up a troubled Canadian copper miner once more? That’s what investors and analysts are wondering after Imperial Metals won a second reprieve on its loans until October 13, while bankers review a new financial rescue plan. Edwards, the company’s... →
Shell completes exit from Canadian oil sands
By: Henry Lazenby 31st May 2017 The world’s second largest publicly traded oil company Royal Dutch Shell is exiting Canada’s oil sands sector after announcing that subsidiaries Shell Canada Energy, Shell Canada Limited and Shell Canada Resources signed two agreements that will transform its Canadian business. Under the two... →
Inter Pipeline consolidates Cold Lake pipeline ownership
By: Henry Lazenby 13th December 2016 TSX-listed Inter Pipeline has agreed to buy Canadian Natural Resources’ 15% in the Cold Lake pipeline system for C$527.5-million. The deal consolidates its 100% interest in the system, which serves several large oil sands producers in eastern Alberta, including Canadian Natural and Imperial Oil. →
Canadian oil sands output to slow post 2020, as project pipeline slows
By: Henry Lazenby 20th October 2016 Production from Canada’s Alberta oil patch will start to slow from 2020, as few new projects are sanctioned and export infrastructure bottlenecks prevent new production from reaching export markets. New analysis by market intelligence firm Wood Mackenzie (WoodMac) expects commercial projects to... →
SA pumps manufacturer supplies significant Canadian mine
By: Malusi Mkhize 29th January 2016 Comprehensive pump manufacturer Hazleton Pumps expects to deliver two Hippo model 200MH slurry submersible absorbing 185 kW pumps to the Kearl oil sands project in Canada by the end of the next month. “Owing to the general economic slump experienced in South Africa and more specifically the... →
Alberta puts a price on carbon in sweeping climate change mitigation reforms
By: Henry Lazenby 23rd November 2015 The fossil-energy rich Western Canadian province of Alberta on Sunday announced a far-reaching climate change plan that accelerates the transition from coal to renewable energy, puts a price on carbon pollution for everyone and sets emissions limits for oil sands. "This is the day we step up, at... →
Canadian oil firms rein in spending as oil price craters
By: Henry Lazenby 14th January 2015 Companies focused on Canada’s oil patch in Alberta are facing tough times ahead should the cratering oil price remain below forecasts for a prolonged time. The latest firm to prune back investment spending in its 2015 budget was Canada’s largest oil and gas company Suncor Energy, which lopped... →
Oil sands miners cleared of wrongdoing in bird deaths
By: Natalie Greve 21st November 2014 After reviewing the impact of oil sands mining operations by Canadian Natural Resources, Suncor Energy and Syncrude on the waterfowl population at the Athabasca oil sands area, the Alberta Energy Regulator (AER) has determined companies are “in full compliance” with waterfowl protection... →
Canada reiterates support for Keystone XL
By: Henry Lazenby 5th March 2014 Canadian Natural Resources Minister Joe Oliver on Wednesday reiterated his support for the Keystone XL pipeline, arguing that the project was an obvious “yes” for both Canada and the US. Oliver spoke at the 33rd annual Cambridge Energy Research Associates (CERA) executive conference, where he... →
Natural Resources Minister in US to promote energy cooperation
By: Henry Lazenby 9th September 2013 Canada’s Natural Resources Minister, Joe Oliver, on Monday met with US Secretary of Energy Dr Ernest Moniz to discuss the Canada/US energy relationship and opportunities for future cooperation. Infrastructure such as the Keystone XL pipeline to transport unconventional oil and gas between the... →
Chinese investment in Canadian mining cautiously seeks more opportunities
By: Simon Rees 2nd August 2013 The acquisition of Canada-based Nexen by China National Offshore Oil Corporation, which closed on February 25 for $15.1-billion, provoked a national debate about Chinese investment in Canadian natural resources, including the mining sector. As the deal progressed, tabloid tattle often gave the... →
Akin to railroads of the 1880s, oil pipelines poised to spur Canadian growth 
By: Henry Lazenby 26th July 2013 Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by a lack of sufficient transport to markets, resulting in lower prices for Canadian... →
Akin to railroads of the 1880s, oil pipelines poised to spur Canadian economic growth
By: Henry Lazenby 26th July 2013 Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by the lack of sufficient transport to markets, resulting in lower prices for Canadian... →
Local pumps manufacturer still booming
By: Samantha Herbst 15th June 2012 Pretoria-based pumps manufacturer Hazleton Pumps is experiencing continued success with its Hippo range of submersible slurry pumps, having secured another order from independent crude oil and natural gas producer Canadian Natural Resources for two new high-voltage variants of the popular pump. →
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