Oil News

Economists are expecting to see a reinvestment in the resource sector, particularly in the oil and gas sector, in 2017.

Sask. resources to rebound slightly in 2017: economist

By Britton Gray April 3, 2017 - 5:16pm Updated: April 3, 2017 - 5:30pm

Saskatchewan's economy is set to rebound slightly in 2017.

That's according to the Conference Board of Canada, whose members were on hand for the Saskatchewan Economic...

Executives at Precision Drilling and Crescent Point Energy say they're ready to increase investment as oil prices rebound.

Optimism in Canadian oilpatch as OPEC, non-OPEC countries agree to cuts

By The Canadian Press December 13, 2016 - 7:07am Updated: December 13, 2016 - 7:30am

CALGARY — A dramatic jump in oil prices linked to the promise of lower global production is fuelling hope the Canadian oil sector may soon recover from a two-year economic...

U of S professor of geology Grant Ferguson speaks to media about slope failures around the North Saskatchewan River.

U of S professor discusses Husky claim that pipeline burst was a sudden one-time event

By JT Marshall November 18, 2016 - 5:44pm Updated: November 18, 2016 - 5:45pm

There was reaction on Friday to a long-awaited report looking into what caused a Husky Energy pipeline to burst near Maidstone in July.

The report, which was released by...

Final report reveals cause of Sask. Husky oil spill

By 650 CKOM November 17, 2016 - 4:57pm Updated: November 18, 2016 - 7:58am

Husky Energy has released its final report into the cause of this summer's massive oil spill that saw more than 225,000 litres of oil and solvent slip into the North...

The value of crude rose on Wednesday with signs that Saudi Arabia foresees an end to the downturn in oil prices.

Oil price surges to highest level since July 2015

By The Canadian Press October 19, 2016 - 1:59pm Updated: October 19, 2016 - 2:00pm

The price of oil settled at US$51.82 a barrel today, its highest level in more than a year.

December contracts for crude, which are the most heavily traded, soared US$1....


2016 projected to be worst year for oilwell drilling in nearly 4 decades

By 980 CJME September 9, 2016 - 12:53am Updated: September 9, 2016 - 7:10am

This year is expected to be one of the worst in recorded history for oilwell drilling in Canada.

The Canadian Association of Oilwell Drilling Contractors (CAODC) has...

Energy analyst Roger McKnight is predicting a gradual increase in the price of gas due to production cuts caused by the Fort McMurray wildfire

Gas prices to rise gradually due to fires: analyst

By 650 CKOM May 9, 2016 - 5:06pm Updated: May 10, 2016 - 8:14am

The wildfire around Fort McMurray may contribute to higher gas prices this summer -- but  they shouldn't cause any immediate spikes.   Rather, in an appearance on Saskatoon...

As many as 30 people work full-time at Edam East, which will produce 10,000 barrels of oil.

Husky begins production at Edam East thermal project

By battlefordsNOW staff April 19, 2016 - 10:01am Updated: April 19, 2016 - 10:58am

Seven weeks after steaming began, the Edam East thermal project is now producing oil.

Husky Energy says production is underway at the project northwest of the...

Oil derricks in the Estevan area.

Western Canada may not feel immediate impact from OPEC freeze

By Sarah Mills February 17, 2016 - 11:22am Updated: February 17, 2016 - 11:22am

A possible cap on oil production being produced by certain OPEC countries won't likely make an immediate impact here in western Canada.   Powerhouses Russia and Saudi Arabia...


Sask. premier fires back after Montreal-area mayors reject Energy East

By Lisa Schick, Canadian Press January 21, 2016 - 5:24pm Updated: January 22, 2016 - 8:50am

Saskatchewan's premier is firing back at Montreal area mayors after they spoke out against the Energy East pipeline on Thursday.

The Montreal Metropolitan Community...

Regina Cabs gas pump.

Regina gas prices drop to 75 cents per litre

By Adriana Christianson January 18, 2016 - 1:32pm Updated: January 19, 2016 - 5:58am

Some drivers in Regina may be doing a double take when they see prices at gas stations.

On Monday, the website GasBuddy.com was reporting gas prices as low as 70 cents...

Analyst explains why gas prices don't drop as fast as price of crude oil

By Bryn Levy January 5, 2016 - 4:40pm Updated: January 6, 2016 - 9:02am

A Canadian analyst says we're unlikely to see much relief at the gas pump even as oil prices stay stubbornly low.   While the price of crude surged briefly over tension between...