Combusting bitumen products in internal combustion car and truck engines, its major use right now, may amount to sending a much more valuable commodity up in smoke.
January 13, 2021, 6 AM MST
Increased crude oil export capacity out of Western Canada could provide an opportunity for crude differentials to narrow by about US$3/bbl to $4/bbl on average over the next decade, according to an IHS Markit Canadian Oil Sands Dialogue report.
December 23, 2020, 7:57 AM MST
Canadian Natural Resources Limited should be able to maintain the cost savings it has achieved during the downturn in 2020, although factors such as natural gas prices could have an impact on that, says the company's president.
December 10, 2020, 6:43 AM MST
Canadian heavy crude could be exported from the United States Gulf of Mexico as exports begin to bounce back to meet growing global crude oil demand, the president of Liquids Pipelines for Enbridge Inc. said Tuesday.
December 9, 2020, 4:44 AM MST
Enbridge Inc. believes that it’s on track to hold an open season by the end of next year for Mainline transportation capacity should the Canada Energy Regulator (CER) approve its application to convert the Mainline to firm service from common carriage, analysts heard Tuesday.
December 9, 2020, 4:58 AM MST
Athabasca Oil Corporation is planning expenditures of $75 million for 2021 focused on sustaining projects at Leismer along with routine maintenance activities at all properties.
December 3, 2020, 3:59 AM MST
Heavy crude oil production in Western Canada is currently in something of a state of limbo.
November 26, 2020, 12 AM MST
U.S. Gulf Coast refineries have made significant investments in technology that processes heavy crude in recent decades, and with the availability of heavy crude oil from other sources like Venezuela and Mexico declining those refineries will require larger volumes from Canada.
November 17, 2020, 6 AM MST
Whether you like it or not, heavy oil supplies in Western Canada have become the bread and butter of the Canadian oil industry.
November 16, 2020, 6 AM MST
Given the recent surge in North American merger and acquisition (M&A) activity including the blockbuster merger between Cenovus Energy Inc. and Husky Energy Inc., Canadian Natural Resource Limited’s top official believes it’s a trend that’s set to continue.
November 5, 2020, 11:47 AM MST
Despite the effects of COVID-19-related market disruption and mandatory production curtailments Canadian Natural Resources Limited achieved quarterly production volumes of 1.111 million boe/d in Q3, up from 1.176 boe/d a year earlier.
November 5, 2020, 10:46 AM MST
Gibson Energy Inc. doesn’t expect any fallout from the Cenovus Energy Inc.-Husky Energy Inc. merger on its business prospects at its main terminal at Hardisty.
November 3, 2020, 10:24 AM MST
International Petroleum Corporation achieved better than expected third quarter 2020 production with a faster than forecast ramp-up and good reservoir performance at its major Canadian oil assets at Suffield and Onion Lake thermal
November 3, 2020, 3:21 PM MST
TC Energy Corporation, which completed the international border crossing for Keystone XL earlier this year, believes that a new approach it has taken to the project aligns with the future expectations of either a United States Democratic or a Republican administration, analysts heard Thursday.
October 30, 2020, 7:20 AM MDT
A need to lower the cost base for industry has been the “big driver” for Husky Energy Inc.’s recent moves on the M&A front, says the company’s chief executive.
October 29, 2020, 11:33 AM MDT
October 29, 2020, 4:04 AM MDT
Raymond James Ltd. analyst Chris Cox says he has a “mixed view” of the merger announced Sunday which will see Cenovus Energy Inc. and Husky Energy Inc. combine in an all-stock transaction, especially from the standpoint of Cenovus.
October 26, 2020, 11:24 AM MDT
Cenovus Energy Inc. and Husky Energy Inc. this morning announced a transaction to create a new integrated Canadian oil and natural gas company.
October 25, 2020, 11:37 AM MDT
The combined Cenovus Energy Inc./Husky Energy Inc. will be led by a management team reflecting the strengths of both organizations.
October 25, 2020, 12:08 PM MDT
The combination of Cenovus Energy Inc. and Husky Energy Inc. should result in annual run rate synergies of $1.2 billion, largely achieved within the first year, independent of commodity prices.
October 25, 2020, 1:26 PM MDT
October 22, 2020, 7:59 AM MDT
September 30, 2020, 10:20 AM MDT
A Prague-based heavy oil technology company which has developed an enhanced oil recovery (EOR) technology it calls Exothermic Chemical Treatment (ECT) pitched its technology in a webinar in Calgary.
September 23, 2020, 8:14 AM MDT
September 18, 2020, 10:44 AM MDT
Waterous Energy Fund will combine private operators Strath Resources Ltd. and Cona Resources Ltd. to form the new Strathcona Resources Ltd.
August 14, 2020, 7:22 AM MDT