Alberta Premier Rachel Notley says her visit to Washington, D.C., this week was aimed at flipping the script on Alberta’s oilsands, which many Americans associate with the maligned Keystone XL pipeline rejected by President Barack Obama last year.
An arm's-length agency created as a world-class monitor of the environmental impacts of Alberta's oilsands is instead a "failed experiment" that should be rolled back up into the government, a review has concluded.
The Petroleum Services Association of Canada has asked Ottawa for $500 million in infrastructure spending to clean up inactive oil and gas wells in Alberta, a move the group says would provide a much-needed boost for the ailing industry.
Canadian Natural Resources Ltd. (TSX:CNQ) is pushing ahead with $2 billion in spending on its Horizon oilsands project this year even as the company cuts a billion dollars from its 2016 capital budget.
Growth in Canadian oil production is likely to slow down or grind to a halt five years from now once projects now under construction are built, the International Energy Agency warns in a report released Monday.
Environmental monitoring in the oilsands needs to be better focused and turn more data into information the public can use to understand what's happening in the region's ecosystem, an independent review has concluded.
Pent-up anxiety over changes to Alberta's oil and gas royalties dissipated Friday after the provincial government revealed it's keeping the status quo for oilsands players and simplifying the system for conventional oil and gas wells.
Alberta's current oil and gas royalty system, which has been in place since 2011, is complex. There are different formulas for oilsands, natural gas and conventional oil that take into account production rates and commodity prices.