While there might be a desire for “value-added” processing of Canada’s heavy oil and bitumen within the country, energy industry consulting firm IHS Markit concludes, in a newly released study, that demand for Canada’s heavy crude on the U.S. Gulf Coast will continue to be so strong there is little economic logic in expanding domestic heavy oil processing.
December 1, 2017, 6 AM MST
In what might be the Canadian corporate version of the sporting world’s “home field advantage” Calgary-based AltaGas Ltd.’s substantial British Columbia presence played a significant role in the company’s development of Canada’s first propane export terminal, at Ridley Island, B.C.
November 30, 2017, 7:20 AM MST
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.
November 29, 2017, 8:57 AM MST
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.
November 29, 2017, 9:11 AM MST
State-owned Mexican oil and gas company Petroleos Mexicanos (Pemex), facing increased competition in its home market in the upstream, midstream and downstream sectors, is planning to move aggressively into the U.S. service station market.
November 23, 2017, 10:44 AM MST
Political and economic problems in Venezuela, once a significant exporter of heavy oil to the U.S., has led to a plunge in oil production and exports, which will create opportunities for Canadian heavy crude, says a Norwegian-based energy consulting and analytical firm.
November 20, 2017, 11:15 AM MST
The chief executive of the Canadian-based company that has become one of the most aggressive participants in Mexico’s oil and gas production sector says he believes the company will eventually unlock millions of bbls of oil from a shale block it will likely begin producing from next year.
November 17, 2017, 8 AM MST
Public support for the reform of Mexico’s oil and gas industry and the end of the monopoly of state-owned Petroleos Mexicanos (Pemex) remains weak, despite the success of several auctions of former Pemex-owned blocks to private sector firms.
November 15, 2017, 6 AM MST
The biggest names in the oil and gas industry, including Exxon Mobil Corporation, Royal Dutch Shell plc, Chevron Corporation, China’s CNOOC Ltd. and other majors have registered to bid on 29 deepwater blocks in Mexico’s Gulf of Mexico.
November 10, 2017, 10:39 AM MST
Renaissance Oil Corp. announced that, in conjunction with its partner Lukoil, the company has progressed the field evaluation program to production for the Amatitlán block in Veracruz, Mexico.
November 6, 2017, 5:37 AM MST
The pressure pumping business in North America faces two to three years of good times, according to the chief executive officer of Calfrac Well Services Ltd., which released strong third quarter results on Thursday.
October 27, 2017, 6 AM MDT
A senior manager with a company that specializes in workplace safety issues involving alcohol and drug use says job sites, particularly industrial ones, face serious dangers as marijuana is legalized in Canada.
October 26, 2017, 6 AM MDT
Lake Chapala, Mex. — The chief executive of an Atlanta-based privately-owned firm that provides debt financing for infrastructure projects worldwide — and which is involved in a consortium building Mexico’s first privately-financed refinery in over 70 years — says his firm is now working with a new multibillion-dollar Saudi-based investment fund to invest in energy, infrastructure and other areas of the Mexican economy.
October 26, 2017, 6 AM MDT
Plunging enrolments in apprenticeship programs in Alberta mean there will be a serious shortage of skilled tradespeople going forward, according to a senior administrator with Canada’s largest training institution for skilled trades.
October 19, 2017, 6 AM MDT
Three years after Alberta faced its worst recession in decades, as a result of plummeting oil and gas prices, a senior executive with a division of one of Canada’s largest construction companies says he’s concerned about an impending serious skilled labour shortage in the province.
October 18, 2017, 6 AM MDT
The Paris-based International Energy Agency (IEA), in a report released today, says the world LNG market has developed a flexibility that will allow suppliers to better meet growing natural gas demand, as the fuel “is expected to play a key role in the transition to a cleaner and more flexible energy system.”
October 18, 2017, 6:29 AM MDT
A little noticed forecast of power system growth in Alberta for the next 20 years, released this past summer by the Alberta Electricity System Operator (AESO), which manages the province’s electricity system, visualizes a dramatic slowing in demand, as a result of a shift to renewables and slower economic growth.
October 13, 2017, 6 AM MDT
Lake Chapala, Mex. — Vancouver-based junior Renaissance Oil Corp., which has become one of the most active participants in Mexico’s recently privatized oil and gas market, has announced that one of the world’s richest men has become an investor in the company and will be a strategic advisor.
October 12, 2017, 10:47 AM MDT
The shift away from dominance by a state-owned monopoly over Mexico’s oil and gas industry to one in which more private sector firms participate is being threatened by a legal and bureaucratic fight over whether a two billion bbl offshore find by private firms extends into a block held by state-owned Petroleos Mexicanos (Pemex).
October 6, 2017, 5:19 AM MDT
The oilsands industry is so technologically sophisticated it should be classified by Statistics Canada and others who measure the country’s economy as a part of the manufacturing sector — and if it was it would fundamentally alter the way Canadians look at the industry, says a noted economist.
October 3, 2017, 9:13 AM MDT
Mexico’s midstream sector, including transportation and storage of refined fuel markets and the sale of refined products to consumers, will represent a US$15-billion market over the next eight years, according to the editor of a newsletter that tracks the sector.
September 20, 2017, 8:38 AM MDT
Like the business people who sold shovels and pick axes to miners during the Klondike gold rush — and who ended up getting richer than the would-be gold miners — Brad Thomson heads a company that sells frac sand to the equivalent of gold miners in Canada’s energy industry.
September 7, 2017, 8:55 AM MDT
If only average oil and gas company investors understood what Jim Evaskevich and other executives with Calgary-based junior Yangarra Resources Ltd. were talking about earlier this year when they spoke enthusiastically about the “bioturbated section of the Cardium.”
August 16, 2017, 12 AM MDT
After a tough 2016, when it had to write down the value of an oilsands property by $751.6 million, Athabasca Oil Corporation appears to be on the road to recovery, thanks to the success of its interests in the Montney and Duvernay plays.
July 28, 2017, 12 AM MDT
Calgary-based MEG Energy Corp. continues to defy the odds, in a lower-for-longer crude price environment, by deploying a patented technology it now says can reduce its cash costs by $4 to $5 a bbl — and its second quarter results reflect what its CEO says has “fundamentally changed” its business.
July 27, 2017, 7:59 AM MDT