Global demand for petrochemical products is growing quickly as the world’s population expands and emerging economies build capacity.
September 9, 2019, 10:11 AM MDT
Inter Pipeline Ltd. isn’t having trouble finding workers to build its $3.5-billion Heartland Petrochemical Complex, but with an eye on the next activity upswing, the company is investing to build Alberta’s construction workforce capacity.
September 5, 2019, 12 AM MDT
Cenovus Energy Inc. has secured regulatory approval to inject butane into the sales oil streams at both of its large SAGD projects in order to reduce costly diluent requirements.
August 19, 2019, 10:20 AM MDT
Thermal oilsands production increased by approximately 100,000 bbls/d month-over-month in June as projects completed turnaround activity, new DOB data shows. June 2019 volumes were slightly higher than June 2018, after production in May decreased by 128,000 bbls/d compared to the previous year.
August 14, 2019, 12 AM MDT
Pengrowth Energy Corporation is looking to modify its approvals for the Lindbergh SAGD project in order to enable additional profits from electricity sales into the Alberta grid while it incrementally adds new oil production.
August 14, 2019, 10:52 AM MDT
Inter Pipeline Ltd.’s bulk liquid storage business in Europe stands out as the right asset to monetize as the company funds a substantial growth program in Alberta including the $3.5-billion Heartland Petrochemical Complex (HPC), executives said on Friday.
August 9, 2019, 11:21 AM MDT
Momentum continues to build for the Marten Hills play as Cenovus Energy Inc. looks to significantly expand its multilateral drilling program.
August 8, 2019, 10:36 AM MDT
Suncor Energy Inc. needs some time to lay the groundwork before it can launch into the digital opportunities that will drive CEO Mark Little’s vision of “Suncor 4.0.”
August 7, 2019, 6 AM MDT
Alberta’s energy minister says it “certainly could make sense” for the province to accept a proposal being floated by industry for the government to trade its rail contracts to oil producers in exchange for higher production allocations under the curtailment order.
August 2, 2019, 6 AM MDT
The CEO of Imperial Oil Limited says that physical market conditions are ripe for the Alberta government to ease its oil curtailment sufficiently to “test the system” and provide a sustainable economic incentive for crude-by-rail to balance the market.
August 2, 2019, 11:12 AM MDT
The resolution of the market access issues facing the Canadian oil industry is starting to get “less blurry,” says the president of the country’s largest producer. Tim McKay told Canadian Natural Resources Limited’s second quarter conference call this morning that there is positive momentum on a number of fronts that should help improve market conditions.
August 1, 2019, 11:31 AM MDT
The cautious optimism of MEG Energy Corp.’s initial 2019 capital budget has been pulled back, with the company announcing that it will not sanction $75 million that would have gone towards incremental production growth at its Christina Lake oilsands project.
July 31, 2019, 10:05 AM MDT
Suncor Energy Inc. reported record production and strong cash flow in the second quarter as the company strategically moved more bbls to Syncrude, including curtailment volumes purchased from third parties, in order to boost production of higher value synthetic crude oil (SCO).
July 25, 2019, 10:56 AM MDT
Suncor Energy Inc. is nearing a sanction decision on a new major project to replace coke fired boilers at its oilsands Base Plant with gas-fired cogeneration units, CEO Mark Little said this morning. The project is a key piece of the company’s strategy to an incremental $2 billion of cash flow by 2023, he said.
July 25, 2019, 11:01 AM MDT
A new filing from ConocoPhillips Canada could significantly reduce the company’s ongoing oilsands regulatory requirements, doing away with potentially hundreds of amendment applications over the life of the Surmont SAGD project.
July 23, 2019, 11:05 AM MDT
Thermal oilsands production continues to trend down, with May numbers lower by more than 100,000 bbls/d compared to last year.
July 16, 2019, 12 AM MDT
Not convinced that new pipeline egress options will come to fruition “as quickly as they possibly can,” MEG Energy Corp. is taking a hard look at making crude-by-rail a permanent part of its transportation system, says CEO Derek Evans.
July 11, 2019, 12 AM MDT
The incoming chief executive of Canada’s Oil Sands Innovation Alliance (COSIA) says the group is “doubling down” on what makes it successful and looking to better share that story.
July 11, 2019, 10:35 AM MDT
The Alberta government’s plan to offload its crude-by-rail contracts to industry is likely to come more in the form of a trade than a transfer of ownership, leaders with Canada’s largest oil producers indicated on Tuesday.
July 10, 2019, 12 AM MDT
Junior Osum Oil Sands Corp. has successfully more than doubled production at its Orion SAGD project ahead of its original schedule.
July 3, 2019, 10:17 AM MDT
A new owner has stepped up for the STP-McKay SAGD project, which was “hibernated” in 2015 after its original owner, Southern Pacific Resource Corp., was unable to continue operating amid the oil price.
July 2, 2019, 8:28 AM MDT
Devon Canada Corporation has filed with the Alberta Energy Regulator to transfer approvals for its 120,000-bbl/d Jackfish SAGD project to Canadian Natural Resources Limited.
June 27, 2019, 3:08 PM MDT
The Alberta government has introduced legislation that would guarantee the oil and gas royalty structure that is in place when a producer drills a well is the same 10 years later.
June 24, 2019, 10:41 AM MDT
Chevron Phillips Chemical Company has reportedly made a US$15-billion bid for Calgary-based Nova Chemicals Corp.
June 21, 2019, 10:39 AM MDT
As more wells are drilled in Alberta’s promising Marten Hills heavy oil play, operators are adding more lateral legs to boost production, Highwood Oil Company Ltd. CEO Greg MacDonald said on Wednesday.
June 20, 2019, 11:22 AM MDT
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