• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 12 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 11 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 12 hours Solar Industry Lays Claim To The 2020s; Kicks Off The Solar+ Decade
  • 7 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 1 hour California Threatens Ban on ICE Cars
  • 1 min Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 1 day DUG Rockies: Plenty Of Promise, Despite The Politics
  • 20 hours Iran v USA the perfect fire triangle
  • 17 hours U.S. and Turkey
  • 10 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 8 hours Get First Access To The Oilprice App!
  • 1 hour How can Trump 'own' a trade war?
  • 2 hours China, U.S. Hold 'Productive' Trade Talks In Beijing
Alt Text

Middle East Tensions Put Oil Markets On Edge

Oil markets continue to be…

Alt Text

Trade War Escalation Looms Large Over Oil Markets

The economic implications of the…

Alt Text

Peak Gasoline Vehicles Is Already Here

Vehicles with internal combustion engines…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Alberta Prepares Its Oil Weapon

Politics, Geopolitics & Conflict

- Newly sworn in Alberta Premier Jason Kenney signed into law a bill that gives the province the option to simply close the taps on oil flowing to neighboring British Columbia in a new effort to push through the Trans Mountain pipeline expansion project that BC is fighting. Kenney says the point is not to deliberately cut shipments to B.C. Instead, he’s seeking the ultimate leverage in the Trans Mountain battle. The BC government has responded with a constitutional challenge to attempt to block the law. Turning off the taps is a desperate move as Alberta needs Trans Mountain to ship more fuels to BC. But that isn’t Alberta’s only problem: It also needs more refineries to produce more fuel.

And as this transportation saga continues, producers are taking the hit. A junior Canadian gas E&P company, Trident Exploration Corp., abruptly shut down this week, simply abandoning some 4,700 wells and telling shareholders and bondholders that they wouldn’t be seeing any reimbursement. Trident doesn’t have the funds to operate or the ability to enter into credit protection. That means Canada now has seen a total of 7,700 wells abandoned. (Note the flipside of this with Suncor energy earnings, above).

- In Libya, General Haftar’s offensive continues without advancing further into Tripoli, but now he is using the National Oil Company (NOC) facilities for military purposes. He has seized the NOC’s…

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News