The one-year delay of Enbridge Inc.’s Line 3 replacement project could slow Canada’s ability to grow market share as a feedstock for the massive U.S. Gulf Coast refining cluster.
March 11, 2019, 7:20 AM MDT
The outlook for Canadian oil production has “significantly deteriorated” and the longer-term outlook looks “more precarious,” the International Energy Agency (IEA) says in its latest crude oil forecast report released this morning.
March 11, 2019, 10:10 AM MDT
March 11, 2019, 8:34 AM MDT
In 2018, total crude oil exports from Canada reached 3.6 million bbls/d an increase of 8.2 per cent from 2017.
March 8, 2019, 8:49 AM MST
Canadian Natural Resources Limited remains a staunch supporter of the Alberta government’s mandatory curtailment initiative, saying it has had the desired impact of helping to narrow differentials from the all-time highs witnessed late last year.
March 7, 2019, 11:16 AM MST
Pengrowth Energy Corporation’s average daily production for the fourth quarter increased 11 per cent to 24,104 boe/d compared with 21,807 boe/d in the third quarter of 2018 primarily as a result of infill wells coming on-line at Lindbergh and additional production from Groundbirch that was brought back onstream when gas prices improved.
March 6, 2019, 10:52 AM MST
Baytex Energy Corp. is currently transporting about 11,000 bbls/d or 40 per cent of its total heavy oil production by rail and would like to increase that to about 50 per cent, the company’s chief executive said today.
March 6, 2019, 11:39 AM MST
Baytex Energy Corp. president and CEO Ed LaFehr said that 2018 was a “defining year” for the company as the merger with Raging River Exploration Inc. repositioned it as a high netback light oil company with a stronger balance sheet.
March 6, 2019, 11:42 AM MST
The National Energy Board (NEB) is predicting that Canadian crude oil production will decrease this year for the first time since 2009.
March 6, 2019, 7:33 AM MST
Based on its current discussions with customers, Gibson Energy Ltd. remains confident of contracting 500,000 bbls to one million bbls of tankage per year at Hardisty, the company’s chief executive said today.
March 5, 2019, 10:39 AM MST
The Net Energy Inc. differential between West Texas Intermediate (WTI) and Western Canada Select (WCS) widened about 20 per cent in February to average US$11.95, up from $9.99 in January.
March 4, 2019, 10:16 AM MST
The Alberta government is increasing production in April by 25,000 to a total of about 3.66 million bbls/d, an overall increase of 100,000 bbls/d from the January limit.
March 1, 2019, 3:28 AM MST
Upon review of the curtailment consolidation/transfer process, the Government of Alberta has decided to amend the curtailment rules to extend the deadline in which operators can submit requests to transfer production volumes in order to support a post-production month true up.
March 1, 2019, 3:36 AM MST
Gibson Energy Inc. sanctioned 500,000 bbls of new tankage at the Hardisty Terminal under a long-term agreement with an investment grade customer.
March 1, 2019, 8:51 AM MST
March 1, 2019, 8:26 AM MST
Production through January and February 2019 to date has been restricted by ongoing pipeline apportionments, temporarily reduced crude by rail takeaway, bouts of extreme cold weather and third party shut-ins.
February 28, 2019, 12 AM MST
The Alberta government is expecting higher-than-budgeted resource revenues for the 2018/2019 fiscal year, while its deficit forecast has been lowered.
February 27, 2019, 11:25 AM MST
The Alberta economy continued to recover in 2018 after leading the country in growth in 2017, but momentum has slowed.
February 27, 2019, 11:29 AM MST
Call me skeptical.
February 27, 2019, 6 AM MST
Calgary-based refining technology company Well Resources Inc. says a “surprising discovery” from one of its processes has led to an opportunity to use asphaltenes, the heaviest portion of the heavy oil and oilsands bbl, for environmental remediation.
February 27, 2019, 10:29 AM MST
February 27, 2019, 9:18 AM MST
The Government of Alberta has eased its overall mandatory oil curtailment for February and March, but the benefits of that are not flowing to Husky Energy Inc. The company now has to cut more than it did under the previous order, and its two oilsands projects that just recently achieved nameplate capacity may take the hit.
February 26, 2019, 11:16 AM MST
The opposition Liberals pressed the B.C. NDP government this week, following the dismissal by a judge to declare unconstitutional an Alberta law that could restrict the flow of refined oil products to B.C.
February 26, 2019, 9:37 AM MST
February 26, 2019, 7:47 AM MST
Basic fundamentals support the Alberta government’s plan to spend $3.7 billion over the next three years to increase rail takeaway capacity as a worthwhile and profitable venture, says Premier Rachel Notley.
February 20, 2019, 12 AM MST