MEG Energy Corp. has applied to the Alberta Energy Regulator (AER) proposing the expansion of the Christina Lake Regional Project (CLRP) sulphur recovery unit from four sulphur recovery trains to six.
November 6, 2023, 9:47 AM MST
A series of temporary events including a jump in heavy oil production and refinery maintenance resulted in heavy oil differentials widening in the third quarter.
November 3, 2023, 12 AM MDT
Cenovus Energy Inc. officials remain optimistic the long awaited and often delayed Trans Mountain expansion project will be operational by mid-2024, but cautioned there will likely be some bumps in the road as the pipeline starts initial operations.
November 3, 2023, 12 AM MDT
While Cenovus Energy Inc. won’t release its officials 2024 capital budget until next month, company officials expect it to be in the same range as this year at somewhere between $4.5-$5 billion.
November 3, 2023, 12 AM MDT
ConocoPhillips reported first steam at Surmont Pad 267.
November 3, 2023, 12 AM MDT
Canadian Natural Resources Limited reported record production of 1.394 million boe/d in the third quarter of 2023, driven largely by a 44,000 bbls/d year-over-year increase from its thermal oilsands operations.
November 2, 2023, 7:59 AM MDT
A strong third quarter performance from its upstream segment and continued improvement in its downstream business contributed to Cenovus Energy Inc. posting quarter-over-quarter improvements in both financial and operational results.
November 2, 2023, 10:43 AM MDT
Athabasca Oil Corporation believes the recent widening in differentials to US$21/bbl (Q4 strip pricing) is primarily a function of seasonality with refinery downtime and anticipates tightening from current levels in 2024 following the start-up of the Trans Mountain pipeline expansion and new global heavy oil refining capacity.
November 2, 2023, 12 AM MDT
Timing for the first two wells on Onion Lake Thermal’s Pad L is exceeding expectations, said International Petroleum Corporation’s (IPC) top executive.
November 1, 2023, 12 AM MDT
Gibson Energy Inc.’s newly acquired Gateway Terminal in Texas featured highly in the third quarter results for the company by exceeding expectations in its infrastructure segment and market, president and CEO Steve Spaulding told callers in a results phone-in on Tuesday.
October 31, 2023, 3:45 PM MDT
Imperial Oil Limited completed its ambitious Autonomous Haul Program during the third quarter and now has all 81 of the company’s Caterpillar 797F heavy haul trucks fully converted to autonomous operation.
October 30, 2023, 9:47 AM MDT
While the WTI-WCS price spread has widened in recent weeks to the US$25 range, Imperial Oil Limited’s top executive says that with additional egress options on the horizon, he expects differentials will narrow going forward.
October 30, 2023, 6 AM MDT
Imperial Oil Limited’s Kearl asset set a quarterly production record but the company’s consolidated Q3 output fell by about 7,000 boe/d year-over-year.
October 27, 2023, 10:53 AM MDT
Higher oil and condensate prices resulted in operators targeting liquids-rich or oil-prone areas of the Montney over the last five years.
October 19, 2023, 6 AM MDT
While he can’t provide a definitive take currently, a prominent oil and gas analyst thinks the pace of starting up the Trans Mountain Expansion pipeline infill and its eventual operational date may be creating a conundrum for those attempting to get a firm take on West Texas Intermediate (WTI)-Western Canada Select (WCS) differentials entering the new year.
October 19, 2023, 8:32 AM MDT
After steadily being under US$20 over the summer, the West Texas Intermediate (WTI)-Western Canadian Select (WCS) differential has widened considerably the past few weeks.
October 18, 2023, 9:23 AM MDT
October 16, 2023, 4:47 PM MDT
Canada's Supreme Court on Friday ruled a federal law assessing how major infrastructure projects like coal mines and oilsands plants impact the environment is largely unconstitutional, in a blow to Prime Minister Justin Trudeau's government.
October 13, 2023, 9:43 AM MDT
Canadian oil supply was fairly steady, estimated to have declined by 20,000 bbls/d to 5.5 million bbls/d in September as losses from Suncor Energy Inc.’s maintenance program steepened along with its U2 upgrader and in-situ assets undergoing work, the International Energy Agency (IEA) noted in its October report on the oil market.
October 12, 2023, 12 AM MDT
October 12, 2023, 9:39 AM MDT
October 6, 2023, 11:20 AM MDT
October 5, 2023, 12 AM MDT
Suncor Energy Inc. has agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23 per cent working interest in the Fort Hills oilsands mining project for $1.468 billion.
October 4, 2023, 2:24 PM MDT
ConocoPhillips has completed the purchase of the remaining 50 per cent interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash (C$3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (C$0.4 billion).
October 4, 2023, 2:27 PM MDT
The Alberta Energy Regulator (AER) continues to oversee required mitigation efforts at the Kearl oilsands mining project.
October 4, 2023, 12 AM MDT
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