Imperial Oil Limited is maintaining its original schedule for first steam at the recently approved Cold Lake Expansion Project, but not as a new major project. The company plans to incrementally use a piece of the approval to connect a new solvent-assisted SAGD well pad to an existing central processing facility.
November 22, 2018, 3:43 AM MST
The physical integration of the Suncor Energy Inc. base plant and Syncrude operation has taken a step forward with a new approval from the Alberta Energy Regulator (AER).
November 22, 2018, 3:46 AM MST
A government-funded technology that could significantly reduce operating costs and GHG emissions related to SAGD water treatment has approval for a new field test.
November 21, 2018, 6 AM MST
One of the next new SAGD projects scheduled to come online in Alberta plans to use solvents to improve the startup process.
November 21, 2018, 6 AM MST
MEG Energy Corp. has received regulatory approval to significantly expand its use of the oilsands optimization technology that brought it record-high production and record-low operating costs in the third quarter.
November 20, 2018, 6 AM MST
It’s early stages of construction on the new Aspen oilsands project, and Imperial Oil Limited has made a major change to the design of the central processing facility, reversing its selection in a long-debated technology area.
November 19, 2018, 3:46 AM MST
Ramp-up of the long-awaited BlackGold SAGD project jumped in September, for the first time producing above 1,000 bbls/d, according to the latest data from the Alberta Energy Regulator.
November 15, 2018, 12 AM MST
Canadian Natural Resources Limited says that strong initial results from a key new technology pilot at its Horizon project will keep the test running through the winter.
November 15, 2018, 11:16 AM MST
Field Upgrading Limited has received a second extension to the expiry of its pilot testing desulphurization (DSU) technology for converting heavy oil into low-sulphur marine fuel.
November 14, 2018, 12 AM MST
Not for the first time in its life, the future of one of Alberta’s longest running thermal oilsands projects is at risk as a result of the province’s water treatment regulations.
November 13, 2018, 6:12 AM MST
Imperial Oil Limited is moving “as fast as possible” to implement the digital initiatives it estimates are worth at least $500 million per year to its bottom line.
November 12, 2018, 8:27 AM MST
Suncor Energy Inc. has received regulatory approval to build a new test centre for oilsands technologies at its MacKay River SAGD project.
November 12, 2018, 6 AM MST
Canadian heavy oil producers shutting in production are making a dent in the basin’s oversupply. Approximately 122,000 bbls/d will be taken off line in November and December, according to DOB estimates. This compares to the total oversupply of 200,000 bbls/d, as reported by ARC Financial.
November 9, 2018, 6:43 AM MST
Inter Pipeline Ltd. says that “exceptional results” from its NGL processing operations in Q3 drove record net income of $169.4 million. For the first time, this segment delivered free funds flow approaching the levels of the company’s large oilsands transportation business.
November 9, 2018, 11:10 AM MST
Even though the Aspen oilsands project will deploy new technology on a field-wide basis, Imperial Oil Limited isn’t anticipating a high level of risk in its execution or operation, CEO Rich Kruger said on Wednesday. He’s also not concerned about market access for Aspen bbls when the project is complete in 2022.
November 7, 2018, 11:32 AM MST
Imperial Oil Limited has received regulatory approval to implement its liquid addition to steam for enhancing recovery (LASER) technology across its Cold Lake thermal project.
November 6, 2018, 6 AM MST
Switzerland-based International Petroleum Corporation says it is realizing success “arresting declines” at the Suffield natural gas assets it purchased from Cenovus Energy Inc. earlier this year.
November 6, 2018, 11:12 AM MST
Syncrude Canada Ltd. is closer to realizing the benefits of new reliability infrastructure thanks to a “step improvement” in co-operation between the joint venture owners, says Suncor Energy Inc. CEO Steve Williams.
November 5, 2018, 6 AM MST
Imperial Oil Limited is a major contributor to surging crude-by-rail traffic out of the Western Canada Sedimentary Basin. The company is working towards utilization of “every bit” of the 210,000 bbl/d loading capacity at its Edmonton terminal, CEO Rich Kruger said on Friday.
November 2, 2018, 11:24 AM MDT
“The market is working” to narrow the dramatic current heavy/light oil price spread, with some producers starting to curtail production, but don’t expect Suncor Energy Inc. to be one of them, CEO Steve Williams said on Thursday.
November 1, 2018, 10:57 AM MDT
Imperial Oil Limited has received approval to proceed with its proposed Aspen oilsands project from both the Alberta Energy Regulator (AER) and the Government of Alberta.
November 1, 2018, 12 AM MDT
A new category of green bond could help boost the long-term profitability of the oilsands industry, helping producers create new low carbon products and deploy technologies to reduce upstream GHGs.
November 1, 2018, 12 AM MDT
Mined bitumen production increased by nearly 100,000 bbls/d year-over-year in July despite Syncrude running at reduced rates, according to new data on the DOB’s Canadian Oilsands Navigator.
November 1, 2018, 6:11 AM MDT
Cenovus Energy Inc. has slowed production at both its thermal oilsands projects in order to defer selling into the market until the light/heavy differential narrows.
October 31, 2018, 11:48 AM MDT
Canadian Natural Resources Limited has received regulatory approval to proceed with a field pilot of solvent enhanced SAGD (SE-SAGD) at its Kirby South project.
October 31, 2018, 12 AM MDT
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