Having acquired two additional 25-mmBtu steam generators from another operator in the first half of this year, Northern Blizzard Resources Inc. is evaluating the best way to deploy them so it can expand heavy oil operations but it is likely they will be installed at Plover Lake, a second-quarter conference call heard.
August 11, 2015, 10:42 AM MDT
Vermilion Energy Inc. is hiking its development capital program by $70 million to $485 million following the reinstatement of its Australian drilling campaign as well as additional funding for projects in Canada, France and Ireland.
August 10, 2015, 12 PM MDT
Reporting second-quarter 2015 results that featured a net loss and lower cash flow and revenue than in the same period a year prior, Strad Energy Services Ltd. says that were it not for its first-quarter cost-cutting, its results could have been worse.
August 7, 2015, 7:53 AM MDT
Devon Energy Corp. says if cost savings achieved in the second quarter of 2015 continue, spending in Canada next year could be reduced by about $500 million (all figures in United States dollars).
August 5, 2015, 11:10 AM MDT
Enbridge Inc. filed its hydrostatic test plan for Line 9B with the National Energy Board on July 23, 2015, which the company said was approved on July 27, according to its second quarter report issued this morning.
July 31, 2015, 11:40 AM MDT
Suncor Energy Inc. is growing impatient with the length of time it is taking for the reversal and expansion of Line 9 to be approved, a recent conference call heard.
July 31, 2015, 8:35 AM MDT
Reporting second-quarter results that featured increased production but lower cash flow compared to last year’s second quarter, Suncor Energy Inc. said it expects to reduce capital expenditures this year by $400 million, to between $5.8 billion and $6.4 billion, as a result of capital discipline and cost-reduction initiatives.
July 30, 2015, 11:56 AM MDT
Even with the impacts of turnarounds involving Phases 1, 2 and 2B and delays due to nearby forest fires, MEG Energy Corp. production climbed in the second quarter and year-to-date compared to the same periods a year earlier, to 71,376 and 76,856 boe per day, respectively (see tables).
July 28, 2015, 11:49 AM MDT
Whether or not new pipelines to the West Coast are ever built depends on dialogue and partnerships, says Perry Bellegarde, national chief of the Assembly of First Nations.
July 23, 2015, 9:58 AM MDT
The Alberta Energy Regulator (AER) says most of the increase in the province’s pipeline incident rate — to 1.6 per 1,000 kilometres in 2014 from 1.4 per 1,000 kilometres in 2013 — can be attributed to its focusing more attention on the pipeline sector through inspections and education.
July 23, 2015, 9:47 AM MDT
A new study on process efficiencies in the unconventional oil and gas industry recommends mined oilsands adopt current best practices, improved tailings management and paraffinic froth treatment, and that in situ oilsands use mechanical lift, wedge wells, modular construction and solvent-based extraction.
July 17, 2015, 9:06 AM MDT
The National Energy Board (NEB) released a routine audit of Enbridge Pipelines Inc.’s NEB-regulated facilities and concluded that “the company continues to operate safely.”
July 16, 2015, 10:52 AM MDT
The National Energy Board (NEB) has issued a safety order to Westcoast Energy Inc. to address concerns about operations at the company’s processing plants and facilities where, the NEB says, significant steps must be taken to correct its practices.
July 15, 2015, 11:22 AM MDT
Given current and forecast oil prices, the near-future development of many in situ and mining oilsands projects is still supported and existing projects’ production is on the rise, says the Alberta Energy Regulator’s yearly reserves and supply/demand outlook.
July 14, 2015, 10:15 AM MDT
Despite comments in some media that say Teck Resources Limited is delaying its proposed Frontier oilsands mine because of economic jitters, the company insists anticipated first oil for the project has been updated based only on the ongoing regulatory process and to accommodate updates to the project (DOB, July 10, 2015).
July 13, 2015, 11:01 AM MDT
In the past year, oil and gas producers have seen their cash flows slashed between 20 and 50 per cent and as a result most are spending less, selling assets — or the whole company — raising equity and controlling costs, a recent energy conference heard.
July 10, 2015, 9:16 AM MDT
Sitting with “a lot of cash right now,” Cenovus Energy Inc. is considering where to spend that money, mulling over restarting some of the oilsands projects it had halted or slowed, financing its conventional projects and buying back shares, an industry conference heard.
July 8, 2015, 8:24 AM MDT
The Alberta Energy Regulator (AER) has shut in or partially shut in 16 heavy oil well sites operated by Murphy Oil Company Ltd., found to be noncompliant with requirements to capture and conserve gases in the Peace River area of north-central Alberta.
July 6, 2015, 11:24 AM MDT
Imperial Oil Corporation has taken the first official steps to developing a new thermal project at Cold Lake, called Midzaghe, by submitting a project summary table and proposed terms of reference to the Alberta Energy Regulator.
June 30, 2015, 11:06 AM MDT
A new study estimates that wells-to-wheels (WTW) greenhouse gas emissions of gasoline derived wholly from oilsands products ranged between nine and 24 per cent higher, on average, than those of gasoline produced from United States conventional crudes.
June 25, 2015, 11:28 AM MDT
Oilsands project developers are increasingly using modern materials management and radio-frequency identification (RFID) to keep track of their construction materials, a recent forum heard.
June 25, 2015, 10:54 AM MDT
June 19, 2015, 11:44 AM MDT
Imperial Oil Limited today announced the startup of its 110,000 bbl-per-day Kearl oilsands expansion project, with all three froth trains operational.
June 16, 2015, 10:27 AM MDT
Closed for more than 75 years, Mexico’s energy industry is now open to the world — seeking partnerships and creating opportunities for investment, the country’s ambassador told a Global Petroleum Show audience this week.
June 12, 2015, 11:56 AM MDT
The key to building oilsands projects on budget is to use a template or “design-one-build-many” approach — and make no mistake, keeping to schedule is paramount, an industry forum heard yesterday.
June 3, 2015, 11:29 AM MDT
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.