Canada’s existing petrochemical industry, as well as new polypropylene plants being built in the Edmonton area, can compete economically with the petrochemical industry in the U.S. Gulf Coast, even if it is faced with a $50 a tonne carbon tax, a new study concludes.
July 4, 2019, 6 AM MDT
A new chemical process technology used in refinery and petrochemical integration could more than double the profits derived from a bbl of crude oil by converting crude to chemicals, according to a new study by Houston-based IHS Markit.
June 26, 2019, 11:16 AM MDT
The technical issues with the Sturgeon Refinery project may be linked to technology not proven as a way to process bitumen, says an expert in gasification technology.
June 20, 2019, 10:42 AM MDT
The ongoing delays in the start-up of the Sturgeon Refinery will have little impact on a related project aimed at delivering CO2 about 250 kilometres to EOR-suited reservoirs, says the head of the company involved in the project.
June 20, 2019, 11:05 AM MDT
While staying somewhat below the radar screen, junior producer Journey Energy Inc. has secured a land position in the hot East Duvernay shale play that the company’s CEO and president says could hold as much as 150 million (gross) bbls and lead to 20 years or more of ongoing production.
June 17, 2019, 10:32 AM MDT
Developers of LNG projects in Canada, and the head of an LNG industry group, spoke optimistically on Tuesday about future LNG development, given the demand outlook.
June 12, 2019, 8:19 AM MDT
While the oil and gas development potential in Latin America is significant, left-leaning governments and political uncertainty have prevented the area from seeing any real growth in production, a conference heard on Monday.
June 11, 2019, 7:23 AM MDT
Given her role as an executive with one of Canada’s largest real estate organizations, Cheryl de Paoli has attended numerous meetings, conferences and summits — but the one she attended early this year, where the future of Alberta’s energy sector and its economy were discussed, stands out in her mind as one of the most productive discussions she has ever been involved in.
June 11, 2019, 10:09 AM MDT
Obsidian Energy Ltd. is continuing to focus on the Cardium with a recent deal to sell its stake in the Peace River Oil Partnership (PROP) while actively marketing its Alberta Viking assets.
June 6, 2019, 8:55 AM MDT
The owners of the Capline pipeline, a crude transportation option that could provide a much needed outlet for Canadian heavy oil and bitumen to get to the U.S. Midwest and West Coast, have decided to proceed with a plan to reverse the flow of the system.
May 31, 2019, 6 AM MDT
Alberta taxpayers could be stuck with financing an ongoing pile of debt that was used to build the Sturgeon Refinery, as a result of the “not normal financing structure” used to fund the $10-billion cost of the project, says a financial and legal expert who worked for Imperial Oil Limited for many years.
May 28, 2019, 12 AM MDT
Alberta natural gas producers should be hoping for a go-ahead for the Goldboro LNG export plant proposed for a site in Nova Scotia, says an executive with the company building it, since it would create a demand for their gas.
May 17, 2019, 7:56 AM MDT
On a day when crude prices were rising significantly, as the result of an attack by Iranian-backed rebels on a cross-country pipeline in Saudi Arabia and an earlier attack on four oil tankers anchored off the United Arab Emirates, the head of a Calgary-based oil producer was telling shareholders to expect to see crude prices surge.
May 15, 2019, 8:02 AM MDT
When the Canadian oilfield service sector recovers from years of lower activity, there is likely to be a flood of takeovers, according to the head of a Calgary-based company which specializes in coil tubing and multi-stage frac tools — and his company could well be one of those buyout candidates.
May 10, 2019, 12 AM MDT
The 48 recommendations produced last year by the Natural Gas Advisory Panel, appointed by the then NDP government, need to be urgently adopted or there will be “dire consequences” soon for dozens of companies focused on natural gas production in Alberta, says the head of Jupiter Resources Ltd.
May 8, 2019, 1:30 PM MDT
STEP Energy Services Ltd. struggled in the first quarter of 2019, reporting a net loss in the quarter, compared to a profit in the same period last year, as well as a six per cent decline in revenue, as the company, which specializes in fracturing services and coiled tubing, reported “spotty” demand for the latter in both the U.S. and Canada.
May 8, 2019, 9:39 AM MDT
Gibson Energy Inc., which dominates the crude tankage business in Western Canada, has reported strong financial and operational results for the first quarter.
May 7, 2019, 9:03 AM MDT
The centrepiece of AltaGas Ltd.’s export push is the company’s new $450-$500 million Ridley Island Propane Export Terminal (RIPET).
May 6, 2019, 7:12 AM MDT
A sparsely populated First Nation near North Battleford, Sask., that used a 1986 land claim settlement with the federal government for a number of investments, will be celebrating the opening later today of an Edmonton-based pipe finishing facility it partially owns.
April 30, 2019, 11:31 AM MDT
The head of Calgary-based Whitecap Resources Inc. says the company is interested in investing in other CO2 injection projects, especially now that a CO2 pipeline is being built in Alberta.
April 26, 2019, 6 AM MDT
United Conservative Party (UCP) Leader, and Premier-elect Jason Kenney, took aim at foreign funded groups aiming to landlock Alberta oil on Tuesday.
April 17, 2019, 4:04 AM MDT
While it’s likely petroleum-based jet fuels will continue to prevail in the airline business for many more decades, an initiative launched by Calgary-based WestJet is aimed at shifting to a blend of lower-carbon jet fuels that would allow the airline to lower its environmental footprint, while also creating a market for forest and agriculture residue, that would give a boost to Western Canada’s economy.
April 17, 2019, 6 AM MDT
Energy industry analysts are supportive of Chevron Corporation’s announcement Friday morning that it is buying shale resource major Anadarko Petroleum Corp. for US$50 billion, saying it gives Chevron a dominant position in the Permian and in the deepwater Gulf of Mexico.
April 12, 2019, 10:17 AM MDT
Canada’s first LNG megaproject now under construction on the B.C. coast will almost certainly become even larger, a Calgary-based gas analyst said on Thursday.
March 29, 2019, 6 AM MDT
Renaissance Oil Corp. is showing that outside capital can increase Mexico’s oil and gas production, according to a company executive.
March 22, 2019, 8:59 AM MDT