October 7, 2021, 12 AM MDT
The Canadian oil industry is on the cusp of the confirmation of additional oil flowing on the Enbridge Line 3 Replacement (L3R).
October 5, 2021, 12 AM MDT
It has been nearly a year since RBN last offered up its assessment on the pricing prospects for Canadian heavy crude oil.
October 4, 2021, 6 AM MDT
Oil market supply and demand fundamentals are “shaping up to support crude prices” over the next two quarters and into 2022, says a Sproule Associates Ltd. analyst, at least “relative to where prices have been” in the last couple of years.
August 4, 2021, 9:23 AM MDT
Gibson Energy Inc. has completed construction of the diluent recovery unit (DRU) near Hardisty, doing so on-schedule and within expected capital costs, and the company expects to place it into service sometime in Q3 2021.
August 4, 2021, 9:51 AM MDT
Imperial Oil Limited’s upstream production for the second quarter averaged 401,000 gross boe/d, the company’s highest second quarter production in over 25 years.
July 30, 2021, 8:24 AM MDT
The application of Cenovus Energy Inc.’s operating techniques at the legacy Husky Energy Inc. Lloydminster thermal projects acquired at the beginning of this year resulted in record quarterly production of 97,700 bbls/d despite turnarounds at several of the operations.
July 30, 2021, 12 AM MDT
Cardinal Energy Ltd.’s second quarter production of 17,949 boe/d was five per cent higher than the same period in 2020.
July 30, 2021, 6 AM MDT
As a result of its strong operating performance through the first half of 2021, Baytex Energy Corp. is increasing its production guidance to 79,000 to 80,000 boe/d, up from 77,000 to 79,000 boe/d, previously.
July 28, 2021, 4:20 PM MDT
The Alberta Energy Regulator (AER) has received applications from Enlighten Innovations Inc. and its division, Field Upgrading Limited, for its CleanSeas Demonstration Plant.
June 16, 2021, 3:26 PM MDT
Canadian crude producers are not strangers to supply and demand shocks and the fact that they navigated tough industry conditions because of COVID-19 should come as no surprise, says Argus’s Calgary bureau chief.
May 21, 2021, 9:51 AM MDT
Canadian Natural Resources Limited posted strong first quarter results and achieved record quarterly production and record quarterly liquids production of over 979,000 bbls/d as a result of “our effective and efficient operations and high operating levels” said Tim McKay, president, said during a Q1 conference call this morning.
May 6, 2021, 10:41 AM MDT
With market conditions for oil and gas producers continuing to improve during the first months of 2021 and positive construction progress on oil pipeline egress, International Petroleum Corporaton (IPC) is ready to capitalize on Canadian acquisitions and ramp up production if momentum continues.
May 5, 2021, 1:06 PM MDT
Gear Energy Ltd. reported higher funds flow and reduced its loss in the first quarter of 2021.
May 5, 2021, 2:37 PM MDT
U.S. crude oil imports from Canada more than doubled to an average of 3.6 million bbls/d between 2005 and 2020 and as a result Canada’s share of total U.S. crude oil imports also increased, reaching a record-high share of 61 per cent in 2020, the U.S. Energy Information Administration (EIA) said in an April 28 release.
April 29, 2021, 11:19 AM MDT
A new report commissioned by the American Petroleum Institute (API) and released today reinforces the “valuable trading relationship” in petroleum liquids between Canada and the United States, says a top API official.
April 6, 2021, 11:03 AM MDT
Since its inception less than two years ago, Headwater Exploration Inc. hasn’t wasted any time in becoming one of the dominant players in the Clearwater heavy oil play and, more specifically, the Marten Hills region.
March 24, 2021, 12 AM MDT
Although industry began kicking the tires of the Clearwater heavy oil play in the mid-80s, low permeability combined with high oil viscosity led to less than desirable results and exploration for the better part of three decades was minimal.
March 23, 2021, 7:52 AM MDT
In 2020, Andora Energy Corporation actively reviewed a range of alternatives to move the Sawn Lake project forward with minimum development costs to Andora, including partnership or outright sale to achieve value for Andora and Pan Orient Energy Corp. shareholders.
March 18, 2021, 8:29 AM MDT
While oil prices have surged, MEG Energy Corp.’s president and CEO says the company will wait until this recovery has “staying power” before deploying more capital.
March 4, 2021, 8:04 AM MST
The Alberta government is forecasting higher bitumen and crude oil royalties for the 2021/22 fiscal year, following a plunge the previous year as a result of COVID-19 and low oil prices.
February 25, 2021, 3:35 PM MST
Baytex Energy Corp. says it intends to implement a heavy oil drilling program in the second half of the year in which it could drill up to 30 net wells at Lloydminster and six net wells at Peace River.
February 25, 2021, 10:57 AM MST
While 2020 was a year in which many oil-weighted juniors focused on survival, 2021 is shaping up to be a “year of opportunity,” where Gear Energy Ltd. says it should again have the option of balancing excess free funds flow towards multiple strategic directions, including continued debt reduction, accelerated capital investment and associated growth or other returns to shareholders.
February 18, 2021, 2:33 PM MST
Throughput on Enbridge Inc.’s Canadian Mainline averaged 2.65 million bbls/d in the fourth quarter of 2020, down from 2.73 million bbls/d in the 2019 quarter as volumes began to recover from the effects of the COVID-19 pandemic.
February 12, 2021, 11:21 AM MST
Cenovus Energy Inc.’s merger with Husky Energy Inc. is diminishing the blow from U.S. President Joe Biden’s move last week to revoke of the permit needed to build the Keystone XL pipeline, which would have carried some 830,000 bbls/d of Alberta oilsands crude to Nebraska.
January 29, 2021, 12 AM MST