The head of the Mexican agency overseeing the auction for oil and gas blocks in the country says he wants to focus on prospective heavy oil deposits to compete with surging Canadian heavy oil production.
March 7, 2018, 10:18 AM MST
Baytex Energy Corp. expects current wide differentials to be temporary.
March 6, 2018, 10:45 AM MST
Devon Energy Corporation’s Canadian net production averaged 134,000 boe/d in the fourth quarter, down from 141,000 boe/d during the same period last year but eight per cent higher than the previous quarter.
February 21, 2018, 10:55 AM MST
Gibson Energy Inc. believes its Hardisty, Alberta terminal is ideally positioned to respond to the increased need for operational crude oil storage to manage egress issues out of Western Canada with the continued growth in oilsands production, says a senior executive.
January 31, 2018, 7:28 AM MST
Canadian Natural Resources Limited plans to more than quadruple the percentage of the developed area of its acquired Pelican Lake lands under polymer flooding by year-end 2018.
November 8, 2017, 6 AM MST
Canadian Natural Resources Limited’s 2018 capital budget is targeted at approximately $4.3 billion, roughly $500 million less than 2017, excluding the Athabasca Oil Sands Project (AOSP) acquisition capital.
November 7, 2017, 7:57 AM MST
Bitumen-weighted Athabasca Oil Corporation swung to a profit of $5.11 million in the third quarter from a loss of $33.03 million in the same period last year.
November 3, 2017, 11:43 AM MDT
Canadian Natural Resources Limited has increased 2017 capital expenditure plans and spending is now targeted to be approximately $4.9 billion, up from the previous $3.9 billion announced in its Q2 results.
November 2, 2017, 11:06 AM MDT
Devon Energy Corporation’s Jackfish SAGD project is back operating above nameplate capacity and doing its job generating cash to fund the company’s development focus on its U.S. resource plays.
November 1, 2017, 11:41 AM MDT
September 18, 2017, 11:15 AM MDT
Baytex Energy Corp.’s top executive says he’s confident that oil market fundamentals will continue to improve and that the company’s heavy oil assets in Canada and light oil properties in the Eagle Ford in Texas are primed for a good run.
September 14, 2017, 4:01 AM MDT
Alberta oilsands producers need to take action sooner rather than later to minimize the potential for shut-in production before new global limits on the sulphur content of ship fuel take effect in 2020, says a veteran energy consultant.
September 6, 2017, 11:25 AM MDT
August 31, 2017, 4:12 AM MDT
August 14, 2017, 2:49 AM MDT
BlackPearl Resources Inc. continues to focus on expansion of its low-cost, long-life thermal project at Onion Lake as the company achieved higher financial and operational results for the second quarter and first half of this year.
August 10, 2017, 10:16 AM MDT
While investment in new Alberta oilsands megaprojects has stalled, heavy oil activity in Saskatchewan is proceeding apace, albeit on a much smaller scale.
August 8, 2017, 8:04 AM MDT
Baytex Energy Corp. will deal with its debt in due course, but current market conditions aren’t ideal for acquisitions and dispositions.
August 2, 2017, 12 AM MDT
Devon Energy Corporation’s second quarter net oil production in Canada decreased compared to the first quarter but was relatively flat from the same period last year as a scheduled plant turnaround at Jackfish 3 curtailed production by about 15,000 bbls per day.
August 2, 2017, 6:12 AM MDT
August 2, 2017, 3:05 AM MDT
July 31, 2017, 3:10 AM MDT
Canadian crude oil exports by rail fell to 149,903 bbls per day, down from 155,655 the previous month, but up from 108,591 bbls per day during the same period of 2016.
July 13, 2017, 6 AM MDT
July 13, 2017, 9:47 AM MDT
Pengrowth Energy Corporation may not be ready to sanction the 17,500 bbl-per-day expansion of its Lindbergh SAGD project in the Cold Lake oilsands region, but it’s not the search for a joint venture deal that is holding the company back.
July 6, 2017, 11:26 AM MDT
As Husky Energy Inc. has become a major thermal oil producer, the company continues to advance technologies to improve the economics and environmental performance.
May 31, 2017, 10:59 AM MDT
Baytex Energy Corp. is now forecasting full-year 2017 exploration and development capital expenditures of $325 to $350 million (previously $300 to $350 million).
May 5, 2017, 6 AM MDT