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
Canadian crude-by-rail exports ended the year on a high note, surging again to a record high.
February 20, 2019, 10:26 AM MST
The National Energy Board (NEB) has dismissed a notice of application from Stand.earth including a request the board delay its report to the federal cabinet on the Trans Mountain Pipeline ULC expansion pending consideration of the indirect impacts of greenhouse gases from the project.
February 20, 2019, 9:37 AM MST
February 20, 2019, 4:27 AM MST
February 20, 2019, 8:16 AM MST
Enbridge Inc. expects to launch an open season in the second quarter of 2019 for a new contract offering on its Canadian Mainline following discussions with shippers, says the company’s CEO.
February 19, 2019, 4:09 AM MST
The locations of two core assets belonging to International Petroleum Corporation helped insulate the company from low commodity prices in Western Canada in the fourth quarter of 2018.
February 13, 2019, 4:09 AM MST
February 13, 2019, 8:34 AM MST