The Alberta government “has definitely listened to the concerns from industry on how to develop the right framework for encouraging value-add, particularly partial upgrading,” says an official with the Canadian Association of Petroleum Producers (CAPP).
February 27, 2018, 3:52 AM MST
PrairieSky Royalty Ltd. increased its dividend after reporting strong fourth quarter results on Monday.
February 27, 2018, 10:28 AM MST
Even though production averaged about 2.5 bcf equivalent in the first eight months of last year, there’s still lots of room for growth in the Spirit River play in the Alberta Deep Basin, a technical luncheon heard last week.
February 25, 2018, 6:51 PM MST
Enerplus Corporation will continue to explore options to divest non-core Canadian properties producing roughly 5,000 boe/d (mainly natural gas), the company’s CEO said today.
February 23, 2018, 12:02 PM MST
While Newfoundland and Labrador oil development hasn’t been hamstrung by the pipeline construction delays that are depressing western Canadian oil prices, the province has identified a need for more exploration drilling.
February 22, 2018, 6 AM MST
Encana Corporation says only four per cent of its total expected company revenue will be exposed to AECO natural gas pricing in 2018.
February 15, 2018, 10:35 AM MST
Canada needs to improve its investment climate before Suncor Energy Inc. will proceed with projects as big as the recently completed Fort Hills and Hebron megaprojects.
February 9, 2018, 11:39 AM MST
The recent ballooning of the gap between heavy and light oil prices had “virtually no impact” on Suncor Energy Inc., management said on Thursday.
February 9, 2018, 6 AM MST
Suncor Energy Inc. is taking a 37 per cent equity interest in Canbriam Energy Inc., a midsize producer in the Montney play of northeast British Columbia.
February 8, 2018, 11:20 AM MST
In September 1948, a Union Oil Company employee named Harold Ritchey applied for a patent for his method of using microwaves to heat an oil reservoir to enhance production. Eight years later he got the patent.
February 7, 2018, 6 AM MST
Converting semisolid bitumen to refinery-ready light crude has always been called “upgrading,” but the co-inventor of a different approach says traditional upgrading should be called “downgrading.”
February 5, 2018, 6 AM MST
Fort McMurray area upgraders that convert semisolid bitumen into refinery-ready crude oil produce large volumes of petroleum coke — also called petcoke — a waste product that can’t be converted to transportation fuel.
February 5, 2018, 6 AM MST
While the oilsands industry has moved away from building elaborate upgraders that produce light crude oil but duplicate many of the functions of refineries, several producers are evaluating “partial” upgrading processes.
February 5, 2018, 6 AM MST
China’s ambition to be the Detroit of the 21st Century could destroy oil demand, but its clean-air goals are good news for future LNG exports from Canada’s West Coast, a Calgary Chamber of Commerce audience heard on Wednesday.
January 25, 2018, 9:30 AM MST
Capital investment in Alberta’s oilsands sector will decline in 2018 for the fourth consecutive year, predicts the Canadian Association of Petroleum Producers (CAPP).
January 25, 2018, 11:52 AM MST
This year could be disastrous for AECO natural gas prices due to ballooning supply, inadequate egress, high storage levels, pipeline maintenance impacts and severe competition from U.S. gas, says a veteran market watcher.
January 17, 2018, 9:49 AM MST
With increased consumption, reduced production, inventory drawdowns and OPEC adherence to output curbs, the outlook for global oil prices is positive, says GMP FirstEnergy analyst Martin King.
January 17, 2018, 11:50 AM MST
The Alberta government has never issued a press release saying an oilsands project can now be expected to take twice as long to get through the regulatory process.
January 4, 2018, 6 AM MST
Alberta’s downturn-weary oilpatch got more bad news 11 days before Christmas as Cenovus Energy Inc. announced this morning it will cut 15 per cent of its workforce.
December 14, 2017, 11:32 AM MST
Although it is a much bigger company than it was a year ago, Cenovus Energy Inc. plans to keep capital spending relatively unchanged in 2018 as it focuses on debt reduction and bolstering its share price.
December 14, 2017, 11:48 AM MST
A new carbon pricing regime the Alberta government unveiled last week will cost large emitters — primarily oilsands producers — about $3 billion over the next 10 years, estimates the Canadian Association of Petroleum Producers (CAPP).
December 12, 2017, 11:38 AM MST
The Alberta government on Wednesday released its new greenhouse gas reduction framework for large industrial emitters, though not all the details were immediately available.
December 7, 2017, 11:53 AM MST
SAGD facilities have been described as water treatment plants that also produce oil.
December 5, 2017, 6 AM MST
Husky Energy Inc. has agreed to sell its Ram River sour-gas plant in the Alberta Foothills and unspecified related assets to unidentified buyers.
December 4, 2017, 11:40 AM MST
Royal Dutch Shell plc is speeding up development of its shale plays in the Duvernay formation in Canada and the Permian Basin in Texas, investors heard on Tuesday.
November 29, 2017, 6 AM MST