It’s almost a New Year for Canada’s biggest oil play, with companies continuing efforts to reduce costs, improve efficiency and boost returns while the government works to implement new rules to decrease environmental impacts. Here’s a look at some of what’s expected to happen next year.
In 1993, eight Syncrude employees embarked on a pilot project that would transform oilsands mining, shaping the technology system that enabled the industry’s surge in growth into the new century. In 2017 the oilsands marks 20 years since the commercialization of hydrotransport, while researchers work to improve its efficiency and further enhance its ability to boost returns.
Since the oil price decline, in situ oilsands producers have been focused on reducing the capital cost of projects, particularly those that are waiting to come onstream. CanOils conducted an overview on 36 projects applied for over the last 15 years in order to discover how factors such as timing and market conditions were influencing capital intensity.
Recently we have seen a number of publicly-traded oil and natural gas companies enter into more unconventional debt structures that have provided them more flexibility along with the additional capital to accelerate the development of their respective asset bases.
British Columbia’s natural gas royalty projection for 2017/2018 is down by $67 million as lower projections of natural gas prices and production volumes are partially offset by a lower estimate of the utilization of royalty program credits.
The Canadian natural resources industry is undergoing enormous change. Volatile energy prices — the reality of US 55 per barrel — reduced production reliability, uncertain market access, the government’s climate change agenda, tightening environmental policy, safety, and compliance concerns along with increasing social drivers, such as social license to operate, all have resulted in industry upheaval.
Export Development Canada’s comprehensive, step-by-step guide shows you how to determine and apply your company’s unique selling proposition (USP), a strategic tool to help your business stand out from competitors, market more effectively, and increase sales.
Natural Resources Minister Jim Carr says the federal government filed a letter to the National Energy Board (NEB), indicating the government's support for establishing a standing panel to determine ongoing compliance by Kinder Morgan Canada Limited for the project conditions of the Trans Mountain pipeline expansion.
Point Loma Resources Ltd. has entered into an engagement letter with Mackie Research Capital Corporation, pursuant to which the agent has agreed to offer, on a commercially reasonable efforts basis up to $3 million in common shares in the capital of Point Loma to be issued as flow-through shares of the company.
The two Canadian-based juniors that have been among the most aggressive participants in Mexico’s energy reform process say they’re both ready to start drilling land-based areas with significant resource potential.
The new head of state-owned Mexican oil and gas company Petroleos Mexicanos (Pemex) will have a difficult balancing act ahead of him, with the need to increase oil and gas production and to improve the efficiency of its refineries, while dealing with its balance sheet difficulties, according to experts who follow the company.
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