It’s been one year since the New Democrats’ surprise election victory in Alberta and the biggest unknown a year ago—a new royalty—won the approval of two companies that held annual meetings this week.
May 6, 2016, 9:44 AM MDT
Low-pressure steaming is expected to boost production at Canadian Natural Resources Limited’s Primrose East project by about 15,000 bbls of a day once a pipeline-related shut-in ends.
May 6, 2016, 6 AM MDT
Several companies recently disclosed they’ve put oil price hedges in place to lock in the price gains of recent weeks, but Canada’s biggest producer sees no reason to follow suit.
May 6, 2016, 10:20 AM MDT
Canadian Natural Resources Limited plans to shut in more natural gas production and hopes to reduce some processing fees as western Canadian producers cope with the lowest gas prices in years.
May 5, 2016, 10:46 AM MDT
For Western Canada’s natural gas producers it was the perfect storm: low demand, a relative lull in pipeline outages, storage filling up and a record mild winter.
May 4, 2016, 6 AM MDT
Buffeted by collapsed natural gas prices along with low oil prices and reduced production, Encana Corporation saw its cash flow plunge in the first quarter, though its net loss narrowed.
May 3, 2016, 9:36 AM MDT
What’s the best way to preheat a shallow SAGD reservoir where you can’t inject high-pressure steam? Cenovus Energy Inc. faced this question at its Grand Rapids reservoir in the Pelican Lake area of northern Alberta.
May 2, 2016, 6 AM MDT
With pundits predicting a future of low oil prices and carbon constraints, there’s been lots of talk lately about the need to drive down oilsands costs and carbon emissions.
April 29, 2016, 7:48 AM MDT
MEG Energy Corp. had negative cash flow of $131.2 million in the first quarter, but expects better results for the rest of the year.
April 28, 2016, 11:56 AM MDT
Don’t expect Husky Energy Inc. to go on a spending spree with the $1.7 billion it expects from the sale of midstream assets.
April 27, 2016, 6 AM MDT
Husky Energy Inc. reported a first quarter net loss of $458 million compared with $191-million in net income during the same period last year.
April 26, 2016, 10:35 AM MDT
Saudi Arabia wants and needs a deal to freeze global oil output, but its hands are tied by competition in the all-important Chinese market.
April 22, 2016, 11:54 AM MDT
With cash flows gutted by disastrously low oil and natural gas prices, producers have slashed capital spending, with severe consequences for some service companies.
April 21, 2016, 11:23 AM MDT
People who think low oil prices had no impact on production from U.S. shales are missing a key fact.
April 20, 2016, 7:32 AM MDT
Shareholders of Boulder Energy Ltd. have voted to be acquired by a newly formed private corporation.
April 12, 2016, 10:58 AM MDT
What happens when SAGD wells are shut in for long periods after the reservoir has been heated? The short answer: there isn’t enough data to support broad conclusions.
April 11, 2016, 8:22 AM MDT
Canadian Natural Resources Limited says changes implemented at areas of its Primrose thermal operations where bitumen leaked to the surface in 2013 will have “no material economic impacts on the overall development of the project.”
March 23, 2016, 10:28 AM MDT
The Alberta Energy Regulator disagrees with Canadian Natural Resources Limited about the extent to which inactive wellbores contributed to several bitumen leaks to surface at the company’s Primrose thermal oil operations.
March 22, 2016, 11:51 AM MDT
Most of the doom and gloom about the outlook for LNG exports from Canada ignores the fundamentals, says a former participant in the global LNG trade.
March 21, 2016, 9:45 AM MDT
Construction of Imperial Oil Limited’s proposed Cold Lake expansion project using solvent-assisted SAGD would cost roughly $2.2 billion, according to the company’s preliminary estimate.
March 18, 2016, 5:12 AM MDT
When the dust settles after the current oil market downturn, North America and some Gulf producers—assuming those countries remain stable—will be the main sources of global supply, an oil market watcher predicts.
March 16, 2016, 6 AM MDT
Western Canadian natural gas production will resume growth in 2021 or 2022 with or without LNG exports from the West Coast, a Wood Mackenzie analyst predicts.
March 15, 2016, 6 AM MDT
Although Penn West Petroleum Ltd. remains in compliance with its debt covenants, the company is again seeking to renegotiate some of the conditions due to the bleak outlook for commodity prices.
March 10, 2016, 11:47 AM MST
With firm takeaway service being finalized, Blackbird Energy Inc. is working on sour processing capacity and infrastructure as it prepares to start generating cash flow this year.
March 8, 2016, 11:15 AM MST
The Conference Board of Canada expects West Texas Intermediate (WTI) crude to recover to $40 a bbl exiting 2016 while ATB Financial expects $50 or $55 a bbl by year’s end or early 2017.
March 4, 2016, 6 AM MST