Alberta

Energy logistics providers USD Partners (NYSE: USDP) and Gibson Energy (TSX: GEI) expect construction of a diluent recovery unit (DRU) to begin next month at the Hardisty Terminal in Alberta, Canada. The unit will enable freight trains to transport a type of heavy crude oil from Alberta to the U.S...

Alberta's government will allow producers to exceed production limits to ship more crude by rail from the Canadian province. Beginning in December, oil producers can request to go above their existing curtailment rules, Energy Minister Sonya Savage said on Oct. 31. "The special allowance program...

U.S.-based energy company Devon Energy Corp (NYSE: DVN) said Wednesday it reached an agreement to sell its Canadian business for C$3.8 billion ($2.8 billion USD) to Canadian Natural Resources Ltd (NYSE: CNQ). What Happened Devon Energy's Canadian business includes heavy oil assets mostly...

Oil was moving 4 percent higher Monday after three weekend developments: Russia and Saudi Arabia agreed to extend oil output cuts. Alberta Premier Rachel Notley shocked the oil market with a mandatory province-wide 8.7-percent production cut. Oil-rich Qatar said it will leave the OPEC...

The raging fires in Alberta have caused a devastating amount of damage to local residents. However, the fires could continue to burn Canadian insurance companies long after they are extinguished. The latest data from TickerTags indicate that the Alberta fires could potentially cost insurers...

With the State Department’s release of a report Friday concluding the Keystone XL pipeline would not substantially worsen carbon pollution, the Obama administration apparently had one less reason for not approving the project. Last summer, the President said he would approve the 1,700-mile...

The U.S. State Department released its expected environmental impact statement of the controversial Keystone XL pipeline project on Friday afternoon – and said the project is unlikely to alter greenhouse gas emissions or affect America's hunger for cheap oil. “Approval or denial of any one...

The Dow hit a record close in an otherwise quiet Veterans Day on Monday. There were no economic data releases by the government and few companies reporting earnings. The markets were anticipating a pick-up in Monday's rather slow activity with the lead-up to Janet Yellen's confirmation hearing on...