A profitable Encana Corporation expects production growth and cost reductions to more than offset the cash flow impact of dispositions this year, a conference call heard today.
July 21, 2017, 11:38 AM MDT
As uncertainty roils the political outlook in British Columbia, executives of three B.C. natural gas producers who spoke at a conference this week indicated they aren’t hitting the panic button just yet.
July 7, 2017, 6 AM MDT
Cenovus Energy Inc. is seeking approval to re-inject solvent-rich gas at its Foster Creek / Christina Lake operations.
July 7, 2017, 6 AM MDT
None of the four executives who appeared on a senior oilsands producers panel at a conference on Wednesday predicted greenfield oilsands projects will get the go-ahead anytime soon.
July 6, 2017, 10:45 AM MDT
An attempt by dissident shareholders to elect their own slate of directors to Eagle Energy Inc. was narrowly defeated at the company’s annual meeting on Tuesday, but there’s no guarantee the matter is settled.
June 28, 2017, 12:07 PM MDT
The former Penn West Petroleum Ltd., which on Monday renamed itself Obsidian Energy Ltd., believes hedging and low production declines will allow it to achieve double digit growth this year.
June 27, 2017, 4:21 AM MDT
Infrastructure assets, undeveloped oilsands properties, non-core Deep Basin lands and gross overriding royalties are among potential divestiture candidates at Cenovus Energy Inc.
June 26, 2017, 6 AM MDT
How did a high-flying startup that bought Nexen Inc.'s profitable cold heavy oil assets and went public at $19 a share end up crashing to about $3?
June 23, 2017, 11:59 AM MDT
Cenovus Energy Inc. has increased the production target of its first greenfield solvent-aided process (SAP) project to 65,000 bbls a day, and plans earlier pad-by-pad solvent implementation at existing SAGD projects.
June 22, 2017, 11:54 AM MDT
The completion of engineering designs this year will give Cenovus Energy Inc. a better idea of the next step toward commercializing a partial upgrading process it has been testing intermittently since 2014, an executive said on Tuesday.
June 21, 2017, 11:47 AM MDT
If subsea oil production systems can be totally automated, why not thermal oilsands projects?
June 21, 2017, 5:12 PM MDT
Cenovus Energy Inc. is advancing its plan to sell major assets to repay money borrowed to help pay for its $17.7 billion acquisition of oilsands and Deep Basin assets from ConocoPhillips Company.
June 20, 2017, 11:24 AM MDT
When natural gas utility ATCO Ltd. would apply for federal government funding to develop low-carbon technologies, it would sometimes take six or eight months to get a decision.
June 19, 2017, 8:36 AM MDT
Oilsands producers hoping to load West Coast tankers better get on the good side of Vancouver because a bill making its way through the House of Commons will effectively prevent large-scale crude exports from ports such as Kitimat.
June 16, 2017, 11:37 AM MDT
Alberta Premier Rachel Notley remains upbeat about the oilsands and overall oil and gas industry investment despite recent concerns voiced by the industry.
June 15, 2017, 10:12 AM MDT
Despite the current slowdown in development of new oilsands projects, production growth will exceed existing pipeline capacity, underscoring the urgent need for new pipelines heading east, west, and south.
June 13, 2017, 11:57 AM MDT
Capital spending in Alberta’s oilsands is expected to fall for the third consecutive year in 2017, says the Canadian Association of Petroleum Producers.
June 13, 2017, 12 PM MDT
Suncor Energy Inc. hopes to test whether using a downhole heater to preheat the reservoir prior to steam injection can shorten SAGD startup times and use less steam.
June 9, 2017, 10:55 AM MDT
Anyone hoping to see the results of a Cold Lake area field trial that could revolutionize oilsands extraction will have to wait another year if the operator gets its way.
June 8, 2017, 7:56 AM MDT
Despite overall oilpatch uncertainty at many levels, the outlook for the North American natural gas industry and gas-weighted Tourmaline Oil Corp. remains positive, the company’s annual meeting heard on Wednesday.
June 8, 2017, 11:58 AM MDT
Imperial Oil Limited believes a combination of geologic factors likely contributed to fluid excursions from the producing Clearwater zone into the overlying Grand Rapids formation at its most recent Cold Lake expansion project.
June 7, 2017, 6 AM MDT
Removing asphaltenes from a bitumen feedstock before it goes through a thermal cracking process actually increases total asphaltene production, while adding drill cuttings could increase liquid yields.
June 2, 2017, 9:51 AM MDT
As much of the industry pursues shale plays that require many wells due to high decline rates, Husky Energy Inc. is doing just the opposite.
May 31, 2017, 4:58 AM MDT
As Husky Energy Inc. has become a major thermal oil producer, the company continues to advance technologies to improve the economics and environmental performance.
May 31, 2017, 10:59 AM MDT
In another example of increasing oilpatch investment, Husky Energy Inc. today sanctioned its West White Rose light-oil development offshore Newfoundland.
May 29, 2017, 6:34 AM MDT