Baytex Energy Corp. says crude-by-rail will remain an integral part of the company’s egress and marketing strategy for its heavy oil production and the company plans on layering in more contracts as the year unfolds.
May 3, 2019, 10:15 AM MDT
Rangeland Midstream Canada, Ltd. plans to design, construct and operate new crude oil and condensate pipelines located in the Marten Hills region of north-central Alberta.
April 30, 2019, 8:30 AM MDT
The project that started Husky Energy Inc.’s prolific thermal heavy oil development strategy in Saskatchewan is being abandoned after almost 40 years of operations.
April 29, 2019, 6 AM MDT
April 29, 2019, 7:44 AM MDT
Canadian crude-by-rail exports plunged in February to 130,564 bbls/d in February 2019, down from 325,499 bbls/d the previous month, according to new figures from the National Energy Board (NEB) released late this morning.
April 24, 2019, 11:54 AM MDT
West Texas Intermediate (WTI) and Western Canada Select (WCS) has been trading in a consistent band, with the differential at times trading in the single digits.
April 23, 2019, 7:50 AM MDT
Heavy near month oil prices continued to rise while the differential to WTI further narrowed in March, reflecting Alberta production curtailments designed to reduce the glut of oil in storage.
April 2, 2019, 7:42 AM MDT
April 2, 2019, 7:50 AM MDT
March 27, 2019, 9:40 AM MDT
March 27, 2019, 3:53 AM MDT
March 27, 2019, 7:38 AM MDT
March 20, 2019, 10:12 AM MDT
Any notable increase in pipeline or rail capacity would need to come from new major infrastructure projects as current pipeline capacity is fully utilized and rail infrastructure is operating at or near capacity, says the National Energy Board (NEB).
March 18, 2019, 7:26 AM MDT
March 15, 2019, 10:32 AM MDT
March 14, 2019, 9:13 AM MDT
March 13, 2019, 10:02 AM MDT
As reported by the DOB on Monday, the outlook for Canadian oil production has “significantly deteriorated” and the longer-term outlook looks “more precarious,” the International Energy Agency (IEA) reported in its latest crude oil forecast report.
March 12, 2019, 9:55 AM MDT
March 12, 2019, 7:59 AM MDT
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