307 days. That’s not even a year. That’s precisely how long it took from the day President Joe Biden was sworn in, when he cancelled Keystone XL, until the day he opened up the United States Strategic Petroleum Reserve. What the heck is that? The U.S. Gulf...
WASHINGTON — Pipeline giant TC Energy is formally seeking to recover more than US$15 billion in “economic damages” from the U.S. government following President Joe Biden’s Day 1 decision to cancel the cross-border Keystone XL expansion project. The...
CALGARY — An oil industry group says it expects the number of wells drilled in Canada to increase in 2022. The Canadian Association of Energy Contractors says it is projecting 6,457 wells for 2022, an increase of 1,363, or more than 25 per cent, from 2021. Activity in...
WASHINGTON (AP) — President Joe Biden on Tuesday ordered 50 million barrels of oil released from America’s strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including India, the United Kingdom and...
CALGARY — Parkland Corp. is moving to pause its refinery processing operations in Burnaby, B.C., due to a lack of crude oil supply from the Trans Mountain pipeline, which has been shut down as a precaution due to the flooding in B.C. The company says it plans to...
