Citing the need to preserve financial liquidity, Baytex Energy Corp. says it is reducing its 2020 capital budget by 50 per cent at the midpoint to between $260 million and $290 million, from the original $500 million to $575 million announced in December 2019.
March 19, 2020, 6:45 AM MDT
Responding to customer demand, Seaway Crude Pipeline Company LLC is going back and amending transportation service agreements (TSA) to include heavy crude in an open season for firm service on an expansion of its existing system, an Enbridge Inc. executive said Friday.
February 18, 2020, 6:57 AM MST
February 14, 2020, 8:16 AM MST
February 13, 2020, 7:48 AM MST
International Petroleum Corporation says it plans to look at a facility expansion at its Onion Lake, Saskatchewan thermal project to accelerate production to 16,000 bbls/d and then proceed to drill sustaining well pads over 20 plus years.
February 12, 2020, 7:04 AM MST
International Petroleum Corporation says it plans to spend US$93 million (62 per cent) of its $149 million 2020 capital budget in Canada.
February 11, 2020, 11:14 AM MST
Precision Drilling Corporation is planning for a bearish year, says top brass, even if that scenario does not unfold this year.
February 5, 2020, 9:20 AM MST
Cona Resources Ltd. completed its acquisition of Pengrowth Energy Corporation for approximately C$740 million.
January 7, 2020, 6:58 AM MST
Canada’s Oil Sands Innovation Alliance (COSIA) is reaching out to innovators and technology developers in Alberta, across Canada, and around the world to help it find solutions for a set of more than 60 specific environmental needs related to water, land, tailings and greenhouse gas emissions (GHGs).
December 13, 2019, 8:09 AM MST
Canada’s Oil Sands Innovation Alliance (COSIA) is reaching out to innovators and technology developers in Alberta, across Canada, and around the world to help it find solutions for a set of more than 60 specific environmental needs related to water, land, tailings and greenhouse gas emissions (GHGs).
December 12, 2019, 6 AM MST
Husky Energy Inc. says it plans capital spending of $3.2 billion to $3.4 billion for 2020, a reduction of $100 million from earlier guidance as it allocates less capital for Western Canada natural gas and conventional heavy oil.
December 2, 2019, 11:44 AM MST
The $5.3 billion Canadian section of Enbridge Inc.’s Line 3 replacement, the only major pipeline construction project in Canada in the past 10 years, will enter commercial service Sunday (Dec. 1, 2019).
November 29, 2019, 10:24 AM MST
Prime Minister Justin Trudeau says that while his government recognizes that Canada needs to move towards a lower carbon economy, it also sees Alberta and Saskatchewan as an essential part of moving forward, bringing all Canadians along.
November 21, 2019, 12 AM MST
The intra-Alberta market is an important part of TC Energy Corporation’s ability to provide seamless transportation from production to the marketplace and it continues to secure the support necessary to move forward with other Alberta pipelines, says a company executive.
November 20, 2019, 12 AM MST
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