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Tag Archives: canadian association of petroleum producers

Canada’s Alberta reaches out to industry for economic advice

CALGARY, Alberta – Alberta’s left-leaning New Democratic Party (NDP) government said on Wednesday it was reaching out to prominent energy and other industry executives for advice to revamp the western Canadian province’s struggling economy. Alberta, home to Canada’s oil sands and the largest source of U.S. crude imports, has been hammered by tumbling global oil prices over the past 12 ...

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Alberta to keep oil, gas royalty framework to end-2016

CALGARY, Alberta – Alberta’s oil and gas royalty framework will remain in place until the end of 2016, Energy Minister Marg McCuaig-Boyd said on Friday, as she gave details on a review of the scheme for the province’s new left-leaning New Democrat government. McCuaig-Boyd said royalty rates paid by oil and gas companies will not change until 2017, which will ...

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Canada’s buoyant Greens say they don’t favor oil sands shutdown

OTTAWA – The leader of Canada’s small Green Party, which has a long-shot chance of holding the balance of power after the country’s Oct. 19 election, said on Friday she does not favor shutting down the Alberta oil sands, a favorite target of environmentalists. Elizabeth May, fresh from a praised performance in the opening election debate on Thursday, said her ...

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Price drop hammers growth in Canada’s oil production

CALGARY, Alberta – Weak oil prices will slash growth in Canada’s prolific oil sands, cutting production and discouraging investment in the world’s third-largest crude reserve, according to a new forecast from Canada’s most influential oil industry lobby group. In its annual production forecast, the Canadian Association of Petroleum Producers said it expected the country’s output to rise to 5.3 million ...

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