The current downturn in oil prices has underscored the need to improve oilsands technologies. Various efforts are underway, but haven’t always made major headlines. This week the Daily Oil Bulletin looks at some unreported or under-reported efforts and discussions aimed at improving oilsands and heavy oil economics through technological improvement.
September 14, 2016, 6 AM MDT
A steep decline in upstream oil and gas spending couldn’t be offset by a surge in investment on renewables, electricity networks and energy efficiency as global energy investment decreased eight per cent from 2014 to 2015 to US$1.8 trillion, according to the International Energy Agency (IEA).
September 14, 2016, 10:30 AM MDT
Baytex Energy Corp. is looking at resuming drilling in Canada as further cost savings will produce heavy oil economics that are competitive with the Eagle Ford in Texas with recovering oil prices, its chief executive said Tuesday.
September 14, 2016, 6 AM MDT
Penn West Petroleum Ltd. expects to improve performance from its main area by putting Cardium wells on pressure support immediately, or almost immediately after they’re drilled, and by drilling the underlying Mannville.
September 14, 2016, 9:03 AM MDT
Controlling operating costs is one component companies can use to maximize natural gas netbacks, and one of the most important ways of doing that is making these costs variable rather than fixed, heard this week’s Peters & Co. Limited energy conference.
September 14, 2016, 8:49 AM MDT
Saudi Arabia’s elevated oil production has allowed it to overtake the U.S. and become the world’s largest oil producer, the InternationalEnergy Agency (IEA) noted in its September oil market report.
September 14, 2016, 7:52 AM MDT
Tudor Pickering Holt has been retained by ARC Resources to advise on the divestment of certain non-core assets in Alberta and British Columbia. The assets comprise 3,890 boe/d (55% liquids, 1.83 LMR), with a 12% base decline.
September 14, 2016, 7:05 AM MDT
NRG Divestitures announces turn key opportunity.
September 14, 2016, 6 AM MDT
While firm shippers on the NGTL system in northwestern Alberta and northeastern British Columbia can expect fewer service disruptions, that isn’t likely to be the case for shippers who rely on interruptible transportation (IT) service, a TransCanada Corporation executive said today.
September 14, 2016, 11:53 AM MDT
September 14, 2016, 11:23 AM MDT
A firm target of 30 per cent of electricity used in Alberta will come from renewable sources such as wind, hydro and solar by 2030, the Alberta government announced this morning.
September 14, 2016, 10:03 AM MDT
NRG Divestitures announces turn key opportunity.
September 14, 2016, 6 AM MDT
geoLOGIC systems is proud to collaborate with Drill Stem Test expert and hydrodynamacist Richard Bartlett to offer free-of-charge training sessions focused on understanding Drill Stem Test’s and their application to petroleum hydrodynamics. Other applications will be addressed.
September 14, 2016, 6 AM MDT
Tenaris announced that production will resume at its AlgomaTubes seamless mill, recalling between 120-150 union employees who were laid off earlier this year.
September 14, 2016, 6 AM MDT
September 14, 2016, 7:26 AM MDT
Grant Thornton Limited, in its capacity as the receiver of certain assets of Tuscany Energy Ltd., is offering for sale Tuscany's oil and gas interests, primarily located in the Macklin North and Evesham areas of Saskatchewan.
September 14, 2016, 6 AM MDT
NOW is the time to "Optimize" your pumping wells.
September 14, 2016, 6 AM MDT
Keep your workers safe, comfortable, and productive with an uninterrupted supply of industry-compliant workwear and safety PPE that’s built to withstand the worst weather conditions.
September 14, 2016, 6 AM MDT
September 14, 2016, 7:39 AM MDT
In its first year operating, the Quest carbon capture and storage (CCS) project has captured and safely stored one million tonnes of CO2 ahead of schedule.
September 14, 2016, 9:38 AM MDT
Connacher Oil and Gas Limited has obtained an order from the Alberta Court of Queen's Bench extending the period of the court-ordered stay of proceedings against Connacher under the Companies' Creditors Arrangement Act (CCAA) until and including Nov. 15, 2016.
September 14, 2016, 6 AM MDT
The Canadian Environmental Assessment Agency (CEAA) must decide whether a federal environmental assessment is required for the proposed Husky Energy Exploration Drilling Project, located approximately 350 kilometres east of St. John's, Newfoundland and Labrador, in areas known as the Jeanne d'Arc Basin and the Flemish Pass Basin, in the Atlantic Ocean.
September 14, 2016, 6 AM MDT
September 14, 2016, 9:14 AM MDT
September 14, 2016, 9:15 AM MDT
September 14, 2016, 7:08 AM MDT
September 14, 2016, 11:01 AM MDT
September 14, 2016, 11:02 AM MDT
The Alberta Energy Regulator (AER) has deemed the environmental impact assessment complete for the third stage of ConocoPhillips Canada’s Surmont SAGD project south of Fort McMurray.
September 14, 2016, 9:53 AM MDT
September 14, 2016, 9:27 AM MDT
September 14, 2016, 9:28 AM MDT
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