Sign Up for FREE Daily Energy News
Precision Well Servicing
Copper Tip Energy Services
Hazloc Heaters
Precision Well Servicing
Copper Tip Energy
Hazloc Heaters

Alberta Eyes Help for Energy Industry in Canadian Crude Rout but Short on Details

Oct 9, 2018 by Kevin Orland


Alberta Premier Rachel Notley said the province may soon announce more plans to help the local energy industry reap more value from its resources amid a slump in Canadian crude prices.

“We will have more to say in the weeks to come around other things that we can do to provide more value-added opportunities here in Alberta” to help ease the province’s bottlenecks in crude pipelines and rail shipping, Notley said in response to questions at a press conference in Edmonton.

Alberta’s government previously pledged C$1 billion ($772 million) to support construction of partial upgraders that lighten oil-sands bitumen and help it flow through pipelines. The province also is providing C$500 million in royalty credits to spur construction of more plants to turn crude into plastics, fabrics and fertilizers.



Notley has supported the expansion of the Trans Mountain pipeline, the controversial project purchased by the Canadian government for C$4.5 billion to send more crude to British Columbia for possible export.

Western Canada Select’s discount to West Texas Intermediate crude widened to $47 a barrel on Tuesday, the widest on record in Bloomberg data stretching back to 2008. The price of WCS slid 5.2 percent to $28.23 a barrel, the lowest since November 2016.

Share This:

More News Articles

New SHOWCASE Directory Companies


Factors Western Inc.
Bolongo Ltd.
Premier Integrated Technologies
DRYAIR Manufacturing Corp.
Startech Business Systems
Frac Shack Inc.
MCI Solutions
Northern Mat & Bridge LP