As the debate over the Trans Mountain pipeline expansion reaches a critical stage, owners of a U.S. pipeline have decided to go ahead with planning for a project that would reverse the flow of crude, which would open market access for Canadian crude.
April 10, 2018, 6 AM MDT
The third round in Mexico’s auction of its oil and gas assets, formerly held by state-owned monopoly Petroleos Mexicanos (Pemex), which was held Tuesday, was deemed very successful by the country’s senior energy officials, with 16 of 35 blocks in the shallow Gulf of Mexico awarded.
March 28, 2018, 6 AM MDT
A week after British Columbia’s NDP government announced the creation of a panel to conduct a technical review of fracking in the province — a move which angered some in the energy industry — the government has announced a number of tax breaks designed to help smooth the way for the $40-billion LNG Canada project.
March 23, 2018, 3:16 AM MDT
Today’s announcement by Cenovus Energy Inc. that it has reduced its bitumen production and will be resorting to the use of storage because of a lack of pipeline access is a trend and not a one-off decision, according to analysts who cover the sector.
March 22, 2018, 11:51 AM MDT
British Columbia’s former energy minister, now a member of the Senate, was able to get his fellow senators to pass a unanimous motion late Tuesday calling on Prime Minister Justin Trudeau to “bring the full weight and power of his office” to ensure the Trans Mountain pipeline expansion project is built.
March 22, 2018, 6 AM MDT
A former executive with Petroleos Mexicanos (Pemex), who predicted two years ago that Canadian heavy oil and bitumen producers would eventually become the “price-setters” in the U.S. market, replacing Mexico’s Maya crude, says he believes Canadian heavies will be exported from Mexico’s Pacific coast in the future.
March 21, 2018, 6 AM MDT
The announcement by British Columbia’s NDP government Thursday that it is creating a three-person scientific review panel to study hydraulic fracturing is unlikely to lead to a moratorium on the practice, say energy industry leaders.
March 16, 2018, 3:29 AM MDT
Calgary-based Source Energy Services Ltd., which dominates the frac sand business in Western Canada, announced Wednesday it has signed a contract with a “multinational exploration and production company.”
March 8, 2018, 6 AM MST
The head of the Mexican agency overseeing the auction for oil and gas blocks in the country says he wants to focus on prospective heavy oil deposits to compete with surging Canadian heavy oil production.
March 7, 2018, 10:18 AM MST
For a combination of reasons, the differential between West Texas Intermediate (WTI) light oil prices and the Western Canadian Select (WCS) heavy oil price will continue to narrow this year, says an energy analyst.
March 5, 2018, 6 AM MST
The backers of the $9.3-billion Sturgeon refinery have withdrawn their request for provincial government support for the second phase of the project, having decided to wait until the first phase is fully operational until seeking support.
March 2, 2018, 11:01 AM MST
Control of three sand mines in Wisconsin, where the “Ottawa White” that supplies about 90 per cent of the Canadian frac sand market is located, is a key for Source Energy Services Ltd., which dominates the frac sand business in the Western Canadian Sedimentary Basin (WCSB).
February 27, 2018, 6 AM MST
After winning the bidding for nine prime oil blocks last week in the deep Gulf of Mexico, the chief executive of Royal Dutch Shell plc says the company sees even more opportunities in Mexico, despite some concerns about the future course of the energy reform process.
February 7, 2018, 9:48 AM MST
The owner of a 30-acre hobby farm that’s located about two kilometres from the Heartland Upgrader Project, being proposed by Calgary-based Value Creation Inc. (VCI), is intervening in an upcoming public hearing.
February 5, 2018, 8:57 AM MST
Royal Dutch Shell plc, one of the biggest offshore oil and gas developers on the U.S. side of the Gulf of Mexico, made it clear on Wednesday it wants to be a big player on the Mexican side of the Gulf of Mexico as well, winning nine of the 19 blocks awarded in a bidding round for deep Gulf of Mexico blocks.
February 1, 2018, 6 AM MST
The two Canadian-based companies that have been the most actively involved in taking advantage of the opening of oil and gas development opportunities in Mexico, as the monopoly of Pemex has come to an end, both may participate in an auction this September for land-based assets in the country.
January 26, 2018, 6 AM MST
Calgary-based Keyera Corp. will likely be making a decision this year to sanction the second phase of its Wapiti gas processing plant, CEO and president David Smith told those attending an investor conference Wednesday, a decision that would lead to an investment of hundreds of million of dollars.
January 25, 2018, 3:59 AM MST
The chief executive of the Calgary-based company building Alberta’s first new refinery in 30 years says he supports plans by Value Creation Inc. to build an upgrader deploying similar technology because Alberta desperately needs more domestic bitumen processing capacity due to the lack of export pipeline capacity.
January 11, 2018, 9:39 AM MST
Calgary-based, Mexican-focused junior International Frontier Resources Corporation (IFR), a partner with a Mexican company in Tonalli Energia, has been granted authorization by the regulator in the country to drill on a block it won the rights to develop last year.
January 11, 2018, 10:24 AM MST
January 10, 2018, 8:18 AM MST
A long-time observer of Mexico’s oil and gas sector, who has been a skeptic about the reforms to state-owned monopoly Petroleos Mexicanos (Pemex), says promises to open up the fuel transport, distribution and retail sales sectors to private industry competitors are tentative at best and may not lead to real competition for Pemex.
January 4, 2018, 11:28 AM MST
An energy markets analyst says the discount Canadian heavy oil and bitumen producers are having to cope with, thanks to a lack of pipeline access, would be virtually eliminated if the long delayed Trans Mountain expansion was in existence now.
December 29, 2017, 6 AM MST
Canadian oil and gas producers escaped a provision in the new tax reform bill President Donald Trump is expected to sign into law before Christmas that would have represented a significant blow to them, according to two Washington-based journalists.
December 20, 2017, 8:22 AM MST
Exxon Mobil Corporation has entered the Mexican gasoline and diesel market, having imported the equivalent of 113,000 bbls of gasoline and diesel to the central Mexican state of San Luis Potosi — and the company did so using rail.
December 7, 2017, 11:07 AM MST
If you’re a Canadian-based condensate producer, you’re already benefitting from a domestic shortage of the product, used mostly to lower the viscosity of heavy oil and bitumen for pipelining and for other purposes, and that shortage should grow going forward, leading to higher prices for the product that is derived from wet gas.
December 6, 2017, 6 AM MST