Canadian oil supply declined by another 270,000 bbls/d in May, reported the International Energy Agency (IEA), taking the total decline since the end of 2019 to nearly one million bbls/d or roughly 20 per cent of national production.
July 10, 2020, 6 AM MDT
Canada’s integrated oil companies are seeing promising signs of recovering demand both upstream and downstream as they begin to bring production back online, an investor energy conference heard Tuesday.
July 8, 2020, 6 AM MDT
Integrated oil companies that sharply reduced their capital budgets in response to the COVID-19 pandemic say they will continue to focus on their balance sheets for the rest of this year although some say spending could rise next year.
July 8, 2020, 7:08 AM MDT
Rangeland Midstream Canada, Ltd.’s Marten Hills Pipeline System is now in service.
July 7, 2020, 8:45 AM MDT
With recent improvement in oil prices supporting positive economic returns, Gear Energy Ltd. has initiated a gradual production re-start across the majority of its asset base.
July 1, 2020, 8:02 PM MDT
The effects from the oil price crash and fall in demand from COVID-19 worldwide lockdowns were clearly reflected in western Canadian rig activity during the second quarter.
June 26, 2020, 8:59 AM MDT
Baytex Energy Corp. says it has restarted some of its previously shut-in crude oil production.
June 26, 2020, 12 AM MDT
June 23, 2020, 8:07 AM MDT
June 18, 2020, 10:52 AM MDT
Highwood Oil Company Ltd. says it continues to work through the impact of the Alberta Energy Regulator’s (AER) decision to reject license transfers associated with the Red Earth divestiture.
June 2, 2020, 8:27 AM MDT
June 1, 2020, 8:51 AM MDT
Today, we feature the Energy Excellence Awards Champion in Innovation & Technology Excellence in the subcategory of Production: General Energy Recovery Inc. (GERI).
May 22, 2020, 6:33 AM MDT
May 11, 2020, 7:52 AM MDT
Heavy oil is expected to lead the way as refinery demand gradually picks up in the United States Midwest and other regions later this year and refineries look to take advantage of available capacity on the Canadian Mainline, the chief executive of Enbridge Inc. said Thursday.
May 8, 2020, 12 AM MDT
Baytex Energy Corp. has signed a strategic land agreement with the Peavine Metis settlement in the Peace River area that covers 60 sections of land south of its existing Seal operations.
May 8, 2020, 11:05 AM MDT
May 8, 2020, 8:08 AM MDT
As a result of the current weakness and uncertainty in the price of oil, starting in April Gear Energy Ltd. chose to shut-in the majority of its production and immediately pursue reductions to the variable costs of the business in an effort to maximize funds from operations.
May 7, 2020, 1:53 PM MDT
May 5, 2020, 7:58 AM MDT
May 5, 2020, 8:31 AM MDT
The second annual Energy Excellence Awards (EEAs) program, presented by the Daily Oil Bulletin, uniquely recognizes energy excellence and focuses on the advancement of collaboration within Canada’s energy industry. Today, we feature the best in Innovation and Technology Excellence in the subcategory of Production.
May 1, 2020, 6 AM MDT
Husky Energy Inc.’s top executive says the company continues to take the needed steps to navigate through the current treacherous industry conditions but warns that an economic recovery and a rebound for the energy sector won’t be happening anytime soon.
April 29, 2020, 10:34 AM MDT
In response to the decrease in oil prices, Razor Energy Corp. has shut in all of its operated heavy oil production, along with certain light oil wells which are sub-economic at current prices.
April 29, 2020, 12 AM MDT
The scares of the duo-threat of COVID-19 and the current price war is dynamic and industry-wide, but junior and smaller intermediate companies in Canada’s oilpatch are more vulnerable than their larger brethren.
April 1, 2020, 9:22 AM MDT
April 1, 2020, 11:54 AM MDT
What had been a global surplus of crude oil is going to become much more local as United States Gulf Coast refineries cut gasoline and jet fuel runs, reducing demand for Canadian crude, a market analyst is warning.
March 31, 2020, 10:10 AM MDT