A long-overlooked oil play that is described as one of the most significant discoveries in Western Canada in recent years will soon be pipeline connected.
May 23, 2019, 12 AM MDT
Marathon Petroleum Corporation’s decision last week to cancel a planned project increasing heavy oil processing capacity at one of the largest refineries in the U.S. worries Suncor Energy Inc. executive vice-president Steve Reynish.
May 16, 2019, 10:24 AM MDT
May 13, 2019, 9:22 AM MDT
Liquids-weighted intermediate Athabasca Oil Corporation is well positioned to benefit from strong global fundamentals for heavy oil, shareholders heard Thursday.
May 10, 2019, 12 AM MDT
May 8, 2019, 7:49 AM MDT
May 8, 2019, 8:02 AM MDT
Pengrowth Energy Corporation reported higher adjusted funds flow in the first quarter due to a leaner cost structure and a 20 per cent increase in Lindbergh SAGD bitumen production during the three-month period compared to the prior year.
May 8, 2019, 11:20 AM MDT
Baytex Energy Corp. says crude-by-rail will remain an integral part of the company’s egress and marketing strategy for its heavy oil production and the company plans on layering in more contracts as the year unfolds.
May 3, 2019, 10:15 AM MDT
Rangeland Midstream Canada, Ltd. plans to design, construct and operate new crude oil and condensate pipelines located in the Marten Hills region of north-central Alberta.
April 30, 2019, 8:30 AM MDT
The project that started Husky Energy Inc.’s prolific thermal heavy oil development strategy in Saskatchewan is being abandoned after almost 40 years of operations.
April 29, 2019, 6 AM MDT
April 29, 2019, 7:44 AM MDT
Canadian crude-by-rail exports plunged in February to 130,564 bbls/d in February 2019, down from 325,499 bbls/d the previous month, according to new figures from the National Energy Board (NEB) released late this morning.
April 24, 2019, 11:54 AM MDT
West Texas Intermediate (WTI) and Western Canada Select (WCS) has been trading in a consistent band, with the differential at times trading in the single digits.
April 23, 2019, 7:50 AM MDT
Heavy near month oil prices continued to rise while the differential to WTI further narrowed in March, reflecting Alberta production curtailments designed to reduce the glut of oil in storage.
April 2, 2019, 7:42 AM MDT
April 2, 2019, 7:50 AM MDT
March 27, 2019, 9:40 AM MDT
March 27, 2019, 3:53 AM MDT
March 27, 2019, 7:38 AM MDT
March 20, 2019, 10:12 AM MDT
Any notable increase in pipeline or rail capacity would need to come from new major infrastructure projects as current pipeline capacity is fully utilized and rail infrastructure is operating at or near capacity, says the National Energy Board (NEB).
March 18, 2019, 7:26 AM MDT
March 15, 2019, 10:32 AM MDT
March 14, 2019, 9:13 AM MDT
March 13, 2019, 10:02 AM MDT
As reported by the DOB on Monday, the outlook for Canadian oil production has “significantly deteriorated” and the longer-term outlook looks “more precarious,” the International Energy Agency (IEA) reported in its latest crude oil forecast report.
March 12, 2019, 9:55 AM MDT
March 12, 2019, 7:59 AM MDT