Statoil Canada Ltd.’s chief executive says yesterday’s announcement that it will delay building its proposed 40,000 bbl-per-day Corner SAGD project for at least three years does not mean oilsands projects are uneconomical.
September 26, 2014, 11:18 AM MDT
Alberta needs a flue-gas capture and carbon dioxide (CO2) commercialization centre — even a campus — where innovators and inventors can toss out their hunches, kickstart innovation in important new areas and get more value out of the province’s hydrocarbons, a Calgary breakfast meeting heard this week.
September 19, 2014, 9:29 AM MDT
Surface water supply is “pretty well known” in northeast British Columbia but there is limited knowledge of the region’s shallow groundwater and the province is working to remedy that, a recent conference on shale gas, tight oil and water heard.
September 17, 2014, 10:50 AM MDT
Unlike in the United States, the challenges of treating flowback water used in hydraulic fracturing has received little attention in Canada but that won’t last, predicts a longtime water handler.
September 16, 2014, 9:29 AM MDT
The Canadian economy is far too fragmented and in the 20 years since the Agreement on International Trade (AIT) was signed and implemented there has never been a better time to tear down interprovincial trade barriers, says Canada’s Minister of Industry.
September 10, 2014, 11:25 AM MDT
Facing similar cost and schedule pressures as other oilsands projects, Harvest Operations Corp. has increased the capital-spending budget on its oilsands project, BlackGold, to $235 million from $131 million, says the company.
August 21, 2014, 12:03 PM MDT
Oilsands companies whose proposed projects were singled out in a recent report as being “cancellation candidates” for being unprofitable (DOB, Aug. 18, 2014) refute that assertion while the source of some of the report’s statistics says it was misquoted on steam-assisted gravity (SAGD) initiatives.
August 20, 2014, 11:54 AM MDT
Connacher Oil and Gas Limited’s production improved 18 per cent, to 13,689 bbls per day, during the second quarter of 2014, and its net loss narrowed while revenue increased but cash flow slumped a bit (see tables).
August 20, 2014, 7:41 AM MDT
A recently released Government of Alberta report says air and surface water pollution in the Athabasca oilsands region triggered exceedances at monitoring stations in 2012.
August 15, 2014, 11:33 AM MDT
ConocoPhillips’s second-quarter Canadian production increased by 13,000 boe per day over the same period in 2013, primarily due to improved well performance in Western Canada, increased production from Christina Lake Phase E and less downtime in the second quarter of 2014.
August 5, 2014, 11:04 AM MDT
Cenovus Energy Inc. is considering options for its royalty lands, including the possibility of spinning them off into a separate oil and gas royalty company.
July 30, 2014, 11:04 AM MDT
The Quebec government, its people and its businesses are warming to development of that province’s resources after several years of reluctance to employ fracturing technology to produce shale gas.
July 25, 2014, 10:40 AM MDT
The supply cost for oilsands producers rose last year — by 4.4 per cent for a SAGD producer, 1.6 per cent for a standalone mine and 5.9 per cent for an integrated mining and upgrading project — says a new Canadian Energy Research Institute (CERI) report.
July 18, 2014, 11:32 AM MDT
Cenovus Energy Inc. was fined a total of $259,385 in 2013 for withdrawing too much water and emitting too much sulphur dioxide (SO2) in 2010/2011, says the company in its 2013 corporate responsibility report.
July 14, 2014, 10:53 AM MDT
While there has been an increase in financing activity for conventional oil producers, demonstrated success is required before small oilsands players will get the attention of equity markets, a conference heard.
July 10, 2014, 11:17 AM MDT
Producers are finding various ways to cut drilling costs, such as contracting rigs early and keeping them active, along with careful selection of motors and bits, a recent conference heard.
July 9, 2014, 2:06 PM MDT
Flooding is shutting in a small amount of overall production in Saskatchewan and Manitoba, and washing out roads, but is not expected to have long-term effects on the oil and gas industry, although one private company working in Manitoba will need more time to assess damage.
July 2, 2014, 11:59 AM MDT
Despite media outlets’ reports that Nexen Energy ULC is laying off employees — possibly hundreds of them — a company spokesperson says just the opposite: it’s hiring.
June 27, 2014, 11:53 AM MDT
A new study on the economics of the proposed Trans Mountain Expansion Project (TMEP) says oil producer revenues will rise by $45 billion as a result of the higher prices they would receive because of the new pipeline.
June 27, 2014, 11:24 AM MDT
The province of Alberta has authorized the Alberta Energy Regulator to grant approvals to two proposed 10,000-bbl-per-day in situ oilsands projects to be developed by private companies: Koch Exploration Canada LP’s (KEC) Muskwa project and Cavalier Energy Inc.’s Hoole project.
June 24, 2014, 10:43 AM MDT
It wasn’t the Kearl fiasco and its own battle with getting oilsands modules through American court injunctions that prompted Athabasca Oil Corporation to shy away from international procurement.
June 6, 2014, 11:25 AM MDT
An environmental group and analysts agree: the economics for new oilsands mines are challenging.
May 30, 2014, 10:42 AM MDT
The proposed $11-billion Joslyn North Mine has been shelved while its owners find ways to reduce costs, the project’s operator, Total E&P Canada Ltd., announced quietly today.
May 29, 2014, 4:15 PM MDT
With new financings in hand, Yangarra Resources Ltd. now expects to drill 28 (22.7 net) horizontal wells this year -- all near Rocky Mountain House, Alta. -- instead of the originally planned 16 wells, and to report improved financial metrics as a result.
May 29, 2014, 6 AM MDT
Having transitioned last year to slickwater fracs from oil fracs and seeing dramatic improvements in production, this year Bonterra Energy Corp. is fully moving to cemented-casing wells from open-hole completions, finding “huge advantages,” its annual general meeting heard.
May 26, 2014, 11:18 AM MDT
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