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.
While hopeful crude oil prices will recover, many of Western Canada’s producers are not kidding themselves, focusing instead on realigning operations — and costs — to a longer-term price in the $50 WTI range.
Once producing up to 60,000 bbls per day at its peak, after a “major, transformational” divestiture of core assets at Musreau and Kakwa last month, Paramount Resources Ltd. is left with production of 10,000 boe per day (70 per cent gas, 30 per cent liquids) and a $1.3 billion investment portfolio, a recent investment conference heard.
Not only will carbon pricing fail to produce desired emission-rationing effects if layered on top of a pre-existing regime such as emissions caps or feed-in-tariff, but it will actually cause disproportionate damage in the economy if that is the case, says a newly-released University of Calgary School of Public Policy report.
Iranian output edged up to 3.64 million bbls per day, with August marking the fourth straight month at or above the 3.6 million bbl mark, which suggests output is leveling off, according to the International Energy Agency (IEA).
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.
This 2-day course is designed to familiarize technical professionals with the design and operation of gas compression equipment, with a majority of the seminar focusing on reciprocating units used in typical field compression applications. The second day deals with advanced operation, performance monitoring, optimization, and troubleshooting.
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. Even in the best of weather, the rigours of the oil and gas industry can be extreme.
The Federal Court of Appeal has dismissed an appeal by an Alberta First Nation related to damages for oil and gas royalties it claimed were improperly subjected to the 1973-1985 federal oil export tax.
AltaGas Ltd. on Tuesday officially opened the Townsend facility, an integrated midstream complex located in northeast British Columbia approximately 100 kilometres north of Fort St. John and 20 kilometres southeast of AltaGas's Blair Creek facility.
JWN is a division of an information communications company.
Reuters content is the intellectual property of Reuters Limited. Any copying, republication or redistribution of Reuters content, including by caching, framing or similar means is expressly prohibited without the prior consent of Reuters. Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. Reuters, the Reuters Logo, and the Sphere Logo are registered trademarks of the Reuters group of companies around the world. For additional information on other Reuters Services please visit the Reuters public web site - http://www.reuters.com.