Industry, government and academia are investigating a new technology that holds promise for reducing the high cost of carbon capture thereby reducing greenhouse gas emissions, while producing electricity.
April 27, 2015, 8:22 AM MDT
Oil prices are not going to bounce back any time soon because of a continuing glut, and, like geopolitics, will be volatile for the next few years, a conference heard this week.
April 24, 2015, 10:09 AM MDT
Value Creation Inc. has amended its application to the Alberta Energy Regulator to increase production at its Tristar Pilot, also named Demonstration of Excellence, to 6,000 bbls per day from the approved 1,000 bbls per day.
April 17, 2015, 10:44 AM MDT
Devon Canada Corporation has applied to the Alberta Energy Regulator to cut back its proposed Pike 1 steam assisted gravity drainage project to 75,860 bbls per day from the approved 109,000 bbls per day, delaying startup and lowering the project’s steam-oil ratio (SOR).
April 16, 2015, 9:07 AM MDT
Analysis of 30 crude oils from around the world using a new tool reveals that emission differences between oils are far greater than currently acknowledged, says a report by the University of Calgary and Stanford University.
April 16, 2015, 11:44 AM MDT
ConocoPhillips will spend about $1.3 billion in Canada on oilsands and unconventional resources, and kick off a significant exploration program offshore Nova Scotia this year, the company announced yesterday during its investor day.
April 9, 2015, 12:01 PM MDT
Connacher Oil and Gas Limited says it is now looking at other options, including the sale of the company, after Alberta Court of Queen’s Bench dismissed its application for a final order to implement a proposed recapitalization.
April 6, 2015, 9:45 AM MDT
Connacher Oil and Gas Limited will be a much healthier company now that it will be rid of $1 billion worth of debt, says its chairman.
March 30, 2015, 10:38 AM MDT
Although operating days in Canadian Energy Services & Technology Corp.’s (CES) fourth quarter of 2014 were up only one per cent over fourth-quarter 2013, the company benefited from the trend in Canada to drill longer horizontals and the revenue from an acquisition.
March 17, 2015, 9:24 AM MDT
Suncor Energy Inc. is content with new rules for shrinking the company’s tailings ponds, particularly because they are site specific, and the regulator is suspending the current directive while it takes a close look at them.
March 16, 2015, 11:59 AM MDT
New steps designed to remediate tailings ponds faster, slow their growth and restrict the use of water from the Athabasca River were announced today by Alberta’s Ministry of Environment and Sustainable Resource Development.
March 13, 2015, 12 PM MDT
Athabasca Oil Corporation’s volumes decreased four per cent to 6,120 boe per day (51 per cent liquids) in 2014 from 6,397 boe per day in 2013, primarily due to natural well declines from the company’s Montney and Duvernay wells (see tables).
March 12, 2015, 11:50 AM MDT
With conventional discovered marketable reserves of nearly two billion bbls of oil and 32 tcf of gas, as well as tremendous unconventional potential, Arctic Canada is blessed with an abundance of resources but they will remain stranded until major impediments to development are identified and solved, an industry conference heard.
March 11, 2015, 11:11 AM MDT
Total E&P Canada Ltd. has withdrawn its regulatory applications to amend the approvals it was granted in 2011 for the Joslyn North Mine, citing “significant changes to global energy market conditions,” but says it is open to restarting the oilsands project when its economics improve.
March 10, 2015, 7:07 AM MDT
Service companies are now faced with not only less work and customers asking them to reduce their prices, but the challenge of retaining the skilled labour they have paid premiums to hire and keep, a recent conference heard.
March 5, 2015, 8:54 AM MST
Baytex Energy Corp. says drilling results in its Eagle Ford acquisition have exceeded expectations, outperforming type curves by about 22 per cent and driven by the drilling of longer laterals, tighter spacing of fracs and increased proppant per stage.
March 5, 2015, 12:03 PM MST
A total of 64 oilsands leases comprising 85,277 hectares are eligible for expiry this year and several companies holding those leases say they will let them lapse.
February 19, 2015, 11:49 AM MST
Imperial Oil Limited is building a new research facility in southeast Calgary, moving from leased space at the University of Calgary, to continue its development of oilsands recovery technologies, with full occupancy planned for 2017.
February 19, 2015, 10:45 AM MST
Devon Energy Corporation saysit is seeing costs come down at its proposed Pike in situ oilsands project, which the company is examining closely this year as it gets closer to making a final go-ahead decision.
February 18, 2015, 11:58 AM MST
Cenovus Energy Inc. is preparing for a rough year ahead by cutting its workforce by 15 per cent, or about 800 positions—mostly contractors—after a fourth quarter that saw higher production but a deeper net loss in earnings.
February 12, 2015, 11:58 AM MST
Organizers expect to firm up a route within two months for the Eagle Spirit Energy Oil Pipeline project through northern British Columbia and to have it in operation in 2019 or 2020, a news conference heard Wednesday.
February 12, 2015, 9:40 AM MST
The Alberta government will not raise royalties despite facing a severe shortfall in revenues because of low oil prices that it predicts will persist for more than 18 months, the minister of energy told an industry crowd yesterday.
February 11, 2015, 9:45 AM MST
Suncor Energy Inc. says construction costs are falling at Fort Hills, its $15-billion oilsands mine, as a result of the recent downturn in project spending across the industry.
February 6, 2015, 10:20 AM MST
Pummeled by low prices, Suncor Energy Inc.’s net earnings fell to $84 million (six cents per common share) in the fourth quarter of 2014, from $443 million (30 cents per common share) in the same quarter a year ago, but the company says it is financially prepared for a lower crude price environment.
February 5, 2015, 11:38 AM MST
Although many oilsands developers are cutting their capital budgets, projects well underway will not only survive current and expected low oil prices but will see their costs fall while smaller, nascent projects are delayed and deferred, say industry analysts.
February 4, 2015, 11:22 AM MST
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