The numbers are significant. A new study by IHS Markit says the breakeven WTI price for a SAGD expansion is now US$45/bbl, compared to US$65/bbl in 2014. For a mining project without an upgrader it’s US$65/bbl, down from $100/bbl in 2014. Both capital and operating costs have dropped dramatically, but investors are too uncertain about pipeline projects to proceed with significant new growth.
May 1, 2019, 11:23 AM MDT
This year some of the largest vessels ever on Alberta roads have travelled from manufacturing and fabrication shops in Edmonton to Inter Pipeline Ltd.’s Heartland Petrochemical Complex construction site near Fort Saskatchewan.
May 1, 2019, 10:16 AM MDT
The collaborative approach to major project delivery has proven successful around the world as well as in Alberta’s commercial and institutional construction, but it has yet to be widely adopted in the province’s industrial space.
April 30, 2019, 6 AM MDT
Devon Canada Corporation has requested approval for a sustaining well pad program that would add 12 years to the life of its Jackfish 2 central processing facility.
April 30, 2019, 7:38 AM MDT
Cenovus Energy Inc. is evaluating the results of a hydraulic fracturing field trial at its Foster Creek SAGD project.
April 30, 2019, 7:54 AM MDT
The project that started Husky Energy Inc.’s prolific thermal heavy oil development strategy in Saskatchewan is being abandoned after almost 40 years of operations.
April 29, 2019, 6 AM MDT
Deliverers of oil and gas major projects in Alberta are late to the game of collaborative construction, but that could actually help them realize the benefits in cost, schedule and quality that have been proven in other markets.
April 29, 2019, 6 AM MDT
Husky Energy Inc. reported a 52 per cent year-over-year increase to its net income in Q1 despite production quotas and essentially flat oil prices, which CEO Rob Peabody said is a result of its integrated strategy.
April 26, 2019, 9:44 AM MDT
Deliverers of oil and gas major projects in Alberta are late to the game of collaborative construction, but that could actually help them realize the benefits in cost, schedule and quality that have been proven in other markets.
April 26, 2019, 7:32 AM MDT
Cenovus Energy Inc. executives defended the company’s GHG reduction strategy on Wednesday as shareholders voted by more than 89 per cent against a motion to set performance targets.
April 25, 2019, 10:08 AM MDT
Deliverers of oil and gas major projects in Alberta are late to the game of collaborative construction, but that could actually help them realize the benefits in cost, schedule and quality that have been proven in other markets.
April 25, 2019, 6 AM MDT
Industry is likely to increase crude by rail volumes on its own should incoming Premier Jason Kenney follow through on his plan to cancel the government rail agreements put in place by Rachel Notley, executives with Cenovus Energy Inc. said on Wednesday morning.
April 24, 2019, 11:14 AM MDT
Deliverers of oil and gas major projects in Alberta are late to the game of collaborative construction, but that could actually help them realize the benefits in cost, schedule and quality that have been proven in other markets.
April 24, 2019, 7:42 AM MDT
As part of the Project Alignment and Delivery initiative, GO Productivity and the Construction Owners Association of Alberta are hosting a workshop on May 7 to help facilitate delivery improvements using the collaborative construction approach. This will include case studies and breakout sessions on practically applying lessons from successful collaborative projects.
April 23, 2019, 11:28 AM MDT
The sweeping majority election of Jason Kenney as Premier of Alberta this week is another milestone in Western Canada’s long history of grassroots political energy, says one of the country’s most prominent conservative leaders.
April 18, 2019, 6 AM MDT
Komatsu’s largest autonomous truck in the world is now in commercial operations in Canada, SMS Equipment said in a statement on Monday.
April 17, 2019, 7:34 AM MDT
Jason Kenney wants the government of Alberta to do more to encourage investment in petrochemical projects. If elected on Tuesday, the United Conservative Party will build on the incentive programs put in place by Premier Rachel Notley in order to make Alberta petrochemicals more competitive with other jurisdictions, Kenney told the DOB.
April 15, 2019, 6 AM MDT
Bitumen volumes at Alberta’s thermal oilsands projects bounced back in February, likely in part due to easing of the province’s oil curtailment order.
April 11, 2019, 6 AM MDT
Imperial Oil Limited is being met with surprise, confusion and concern about Canada’s regulatory actions in 100 per cent of its investor meetings, senior vice-president Theresa Redburn told senators studying the proposed Bill C-69 in Calgary on Tuesday.
April 10, 2019, 11:21 AM MDT
With Bill C-69, Justin Trudeau’s federal government has “pretty well declared war on the oil and gas industry,” according to Michael MacDonald, vice-chair of the Senate committee that is touring cross-country to hear from Canadians about the proposed legislation.
April 9, 2019, 11:08 AM MDT
Exxon Mobil Corporation has put the reserves associated with the Kearl oilsands project back on its books.
April 9, 2019, 6 AM MDT
No matter which party wins the Alberta election on April 16, the CEO of Value Creation Inc. expects the province will finalize its funding deal for the company’s partial upgrading project.
April 8, 2019, 7:29 AM MDT
Offshoring components for Alberta major projects gets airtime as a strategy to reduce costs, but owners are better off staying in-region and implementing collaborative delivery models, says a study by the Alberta Steel Manufacturers.
April 4, 2019, 6 AM MDT
Canada’s Oil Sands Innovation Alliance (COSIA) has named John Brogly its new acting chief executive, following the departure of founding chief executive Dan Wicklum in February.
April 2, 2019, 7:02 AM MDT
The Alberta Energy Regulator (AER) has granted a request from Canadian Natural Resources Limited to allow it to continue operating the Peace River thermal oilsands project without meeting water recycling regulations for another 10 years.
March 27, 2019, 11:12 AM MDT
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