Global oil demand growth will be pinched post-2030 and shale output from the United States is set to stay higher for longer than previously projected, reshaping global markets, trade flows and security, the International Energy Agency (IEA) says in its World Energy Outlook 2019.
November 13, 2019, 9:56 AM MST
Pengrowth Energy Corporation’s top executive says the company had little choice in making the controversial decision to sell to Cona Resources Ltd. for five cents a share in a deal valued at $740 million
November 7, 2019, 6:54 PM MST
International Petroleum Corporation’s net production from the Canadian assets during the third quarter was in line with the company’s latest guidance at 37,900 boe/d, up from 25,500 boe/d during the same period last year.
November 5, 2019, 10:27 AM MST
Baytex Energy Corp.’s top executive says crude-by-rail remains an “integral part” of the company’s egress and marketing strategy for its heavy oil, however the company is unlikely to participate in the Alberta government’s rail-above curtailment initiative announced Thursday.
November 1, 2019, 11 AM MDT
In its first budget tabled this afternoon, the UCP government forecast an $8.7 billion deficit in 2019/2020, which includes provisions and contingencies, such as $1.5 billion for cancelling crude-by-rail. It expects to reverse years of red ink by successive PC and NDP administrations by 2022/2023 when it forecasts a surplus of $600 million.
October 24, 2019, 3:18 PM MDT
The Alberta government is expecting to bring in $6.53 billion in total non-renewable resource revenue for 2019/2020, up from $5.43 billion the previous fiscal year. It then is expected to fall to $5.39 billion in 2020/2021.
October 24, 2019, 3:22 PM MDT
Field Upgrading Limited has requested a two-year extension of its pilot project testing desulphurization (DSU) technology for converting heavy oil into low-sulphur marine fuel.
October 21, 2019, 11:01 AM MDT
Tight global supplies and demand growth will result in healthy values for medium and heavy sour crudes, although high sulphur fuel oils will be challenged by the International Maritime Organization’s (IMO) new sulphur limits, an energy forum heard recently.
October 16, 2019, 8:42 AM MDT
University of Calgary engineering professor Ian Gates had the industry’s attention with the allure of a way to bypass the pipeline plights in the country.
October 7, 2019, 8:07 AM MDT
Enbridge Inc. must suspend its current open season offering firm service on the Canadian Mainline until the Canada Energy Regulator (CER) has approved all tolls and associated terms and conditions, the regulator ruled today.
September 27, 2019, 3:41 PM MDT
The Canada Energy Regulator’s (CER) order that Enbridge Inc. halt its open season for firm transportation service on the Canadian Mainline until it has regulatory approval for the service is good news for the industry, the chief executive of a producer’s group said Friday.
September 27, 2019, 6:09 PM MDT
September 27, 2019, 11:19 AM MDT
The Alberta government is increasing oil production limits for November and December “to ensure alignment with takeaway capacity.”
September 26, 2019, 3:23 PM MDT
While the Sept. 14 drone strikes on Saudi crude oil facilities gave pause for thought for commodity price forecasters, it’s not yet clear whether the incident will affect prices going forward.
September 24, 2019, 12 AM MDT
September 18, 2019, 10:54 AM MDT
September 13, 2019, 7:24 AM MDT
While Canadian heavy oil is still Baytex Energy Corp.’s third priority for capital investment after the Eagle Ford and Saskatchewan Viking, its potential contribution shouldn’t be counted out, says the company’s chief executive.
September 12, 2019, 8:19 AM MDT
September 11, 2019, 7:30 AM MDT
September 4, 2019, 12 AM MDT
Acceleware Ltd. continued to make progress in developing its patented and patent-pending RF XL heating technology in the second quarter of 2019.
August 30, 2019, 6 AM MDT
The new commission of the Canada Energy Regulator (CER) has announced an expedited process to consider requests for relief with respect to Enbridge Inc.’s ongoing open season for Canadian Mainline capacity.
August 28, 2019, 7:21 AM MDT
Enbridge Inc. believes in its open season for contracted capacity on the Canadian Mainline and is determined to proceed with it despite demands from shippers that the National Energy Board (NEB) intervene in the process, says a senior company executive.
August 27, 2019, 12 AM MDT
Canadian Natural Resources Limited has joined Suncor Energy Inc. in a request to the National Energy Board (NEB) that it become involved in Enbridge Inc.’s Canadian Mainline open season that proposes to convert up to 90 per cent of common carrier capacity to contracted service.
August 27, 2019, 10:51 AM MDT
Citing concern about Enbridge Inc.’s plans to convert 90 per cent of Canadian Mainline capacity to firm service, the Explorers and Producers Association of Canada (EPAC) is calling on the National Energy Board (NEB) to immediately stay the company’s current open season.
August 26, 2019, 11 AM MDT
Opposition is growing to Enbridge Inc.’s current open season in which it is offering long-term firm transportation service to shippers on the Canadian Mainline with its proposed conversion from common carrier service.
August 26, 2019, 7:46 AM MDT