Crude-by-rail exports, which set a record in April, are expected to continue to rise as coastal refiners facing higher offshore prices look for cheaper crude in Western Canada where pipeline constraints have resulted in price discounts, say those in the industry.
July 16, 2018, 8:57 AM MDT
Chad Harris wants to make it clear: while Serafina Energy Ltd. uses proven thermal SAGD technology, it is not an oilsands company.
July 11, 2018, 7:36 AM MDT
Husky Energy Inc. hopes to begin construction this fall on three new pipelines, including a larger replacement for a pipeline that in 2016 ruptured and spilled heavy oil and diluent into the North Saskatchewan River near Maidstone.
June 15, 2018, 11:33 AM MDT
June 15, 2018, 9:17 AM MDT
Acceleware Ltd. has created a six-member Acceleware Advisory Board (AAB) that will support the commercialization of its Radio Frequency (RF) enhanced oil recovery technology and that has already started working with the company’s executive team.
June 12, 2018, 9:16 AM MDT
June 11, 2018, 6 AM MDT
More attention needs to be paid to the potential impact on heavy sour crude prices of new International Maritime Organization (IMO) rules that would significantly reduce sulphur emissions from ships’ fuel as of Jan. 1, 2020, the Platts energy forum heard Wednesday. ''
June 7, 2018, 6 AM MDT
Temporarily slowed heavy oil production and buildup of a record inventory of saleable oil in excess of 40,000 bbls in the first quarter paid off handsomely for Gear Energy Ltd. as it sold its inventory at substantially higher prices in the second quarter.
May 10, 2018, 9:29 AM MDT
BlackPearl Resources Inc. directly felt the pinch of Western Canada’s pipelines running full during the first quarter of 2018, but CEO John Festival is confident that new pipelines are coming.
May 4, 2018, 6 AM MDT
May 4, 2018, 3:07 AM MDT
BlackPearl Resources Inc. is now up and running with oil production at its new Onion Lake thermal expansion in Saskatchewan.
May 3, 2018, 9:01 AM MDT
If Canadian heavy oil producers can get to the U.S. Gulf of Mexico, they are well positioned to compete with Latin American producers, a crude oil summit heard Tuesday.
May 2, 2018, 7:15 AM MDT
Devon Energy Corporation’s heavy oil production fell in the first quarter to 131,000 boe/d from 141,00 boe/d a year ago.
May 2, 2018, 6 AM MDT
The “consistent, deeply discounted” prices for Canadian heavy oil in the first quarter of 2018 have improved recently, but Husky Energy Inc. CEO Rob Peabody is expecting continued volatility in the near term.
April 26, 2018, 10:53 AM MDT
March 27, 2018, 3:17 AM MDT
March 27, 2018, 10:22 AM MDT
Today’s announcement by Cenovus Energy Inc. that it has reduced its bitumen production and will be resorting to the use of storage because of a lack of pipeline access is a trend and not a one-off decision, according to analysts who cover the sector.
March 22, 2018, 11:51 AM MDT
A former executive with Petroleos Mexicanos (Pemex), who predicted two years ago that Canadian heavy oil and bitumen producers would eventually become the “price-setters” in the U.S. market, replacing Mexico’s Maya crude, says he believes Canadian heavies will be exported from Mexico’s Pacific coast in the future.
March 21, 2018, 6 AM MDT
The head of the Mexican agency overseeing the auction for oil and gas blocks in the country says he wants to focus on prospective heavy oil deposits to compete with surging Canadian heavy oil production.
March 7, 2018, 10:18 AM MST
Baytex Energy Corp. expects current wide differentials to be temporary.
March 6, 2018, 10:45 AM MST
Devon Energy Corporation’s Canadian net production averaged 134,000 boe/d in the fourth quarter, down from 141,000 boe/d during the same period last year but eight per cent higher than the previous quarter.
February 21, 2018, 10:55 AM MST
Gibson Energy Inc. believes its Hardisty, Alberta terminal is ideally positioned to respond to the increased need for operational crude oil storage to manage egress issues out of Western Canada with the continued growth in oilsands production, says a senior executive.
January 31, 2018, 7:28 AM MST
Canadian Natural Resources Limited plans to more than quadruple the percentage of the developed area of its acquired Pelican Lake lands under polymer flooding by year-end 2018.
November 8, 2017, 6 AM MST
Canadian Natural Resources Limited’s 2018 capital budget is targeted at approximately $4.3 billion, roughly $500 million less than 2017, excluding the Athabasca Oil Sands Project (AOSP) acquisition capital.
November 7, 2017, 7:57 AM MST
Bitumen-weighted Athabasca Oil Corporation swung to a profit of $5.11 million in the third quarter from a loss of $33.03 million in the same period last year.
November 3, 2017, 11:43 AM MDT