February 12, 2019, 3:58 AM MST
February 11, 2019, 3:45 AM MST
Acceleware Ltd. appointed two key executives, Laura McIntyre as vice-president, engineering and Brian LeBlanc as chief financial officer.
February 8, 2019, 12 AM MST
The U.S. has announced economic sanctions that effectively stop imports of Venezuelan oil. This leaves the complex refineries in Texas and Louisiana scrambling to find substitutes for the Venezuelan heavy oil they consume.
February 6, 2019, 5:56 AM MST
February 4, 2019, 8:46 AM MST
Capline Pipeline Company LLC announced that a binding open season is underway to solicit shipper interest for the Capline system's southbound service from Patoka, Ill., to St. James, La. or Liberty, Miss., with an additional origination point at Cushing, Okla., as part of a joint tariff with Diamond pipeline.
January 31, 2019, 12 AM MST
In the summer of 2017 I wrote the Venezuela crisis was nearing its endgame (see Impact Of New U.S. Economic Sanctions On Venezuela). It has been a long time coming, but based on recent events it appears the endgame is finally here for real, and it likely won’t be pretty.
January 28, 2019, 7:29 AM MST
January 25, 2019, 10:59 AM MST
January 24, 2019, 8:51 AM MST
Tallgrass Energy, LP and Kinder Morgan, Inc. announced an agreement to jointly develop a solution to increase existing crude oil takeaway capacity in the growing Powder River and Denver-Julesburg basins and to add incremental capacity to the Williston Basin and portions of Western Canada.
January 22, 2019, 6:32 AM MST
January 18, 2019, 11:42 AM MST
The discount between Western Canadian Select (WCS) and West Texas Intermediate (WTI) futures continues to narrow, hitting US$7.85/bbl on Thursday.
January 11, 2019, 11:08 AM MST
A pipeline reversal project that could give Canadian heavy oil and bitumen producers a new way to reach U.S. markets now appears more likely to proceed following a recent announcement of a planned binding open season.
January 11, 2019, 11:31 AM MST
The Net Energy Inc. differential between West Texas Intermediate (WTI) and Western Canada Select (WCS) narrowed substantially in December narrowing 56.87 per cent to average US$16.50/bbl, down from $38.26 in November.
January 3, 2019, 8:56 AM MST
Alberta Energy has finalized the curtailment consolidation and transfer of allocations process where operators can consolidate or transfer their curtailment allocations in order to meet their curtailment requirements.
December 21, 2018, 3:49 AM MST
Canadian crude oil exports by rail are continuing to set records.
December 21, 2018, 9:54 AM MST
December 19, 2018, 8:58 AM MST
Gear Energy Ltd. is currently forecasting to exit 2018 with inventories of approximately 40,000 bbls of heavy oil and 10,000 bbls of light oil that are anticipated to be sold in early 2019 at materially higher prices.
December 17, 2018, 6 AM MST
It was looking as if OPEC and Russia would deliver a lump of coal for Christmas, especially with President Donald Trump being an industry scrooge, wanting oil prices to go even lower. Yet the cartel delivered an early Christmas gift by announcing a production cut that appears large enough to stabilize international oil prices.
December 13, 2018, 6 AM MST
Alberta Premier Rachel Notley says mandatory production curtailments which come into effect Jan. 1 have helped shrink differentials for heavy oil but can’t be deemed a true success until the glut is reduced and the market cleared.
December 12, 2018, 10:31 AM MST
Alberta Premier Rachel Notley had strong words for her Quebec counterpart Francois Legault, who last week voiced his opposition to any idea of renewed Energy East talks as the long-proposed pipeline would carry “dirty energy” from Alberta through his province, particularly when Quebec could offer “clean” hydroelectric energy at a competitive price.
December 12, 2018, 10:33 AM MST
Enbridge Inc. is working “very aggressively on a couple of options to potentially increase throughput out of Western Canada in 2019, the president of liquids pipelines said Tuesday.
December 12, 2018, 4:07 AM MST
Alberta’s Department of Energy has heard from operators who have curtailment levels significantly higher than anticipated relative to their recent production, as opposed to the established baseline calculations.
December 12, 2018, 1:28 PM MST
December 12, 2018, 9:03 AM MST
According to Net Energy, Western Canada Select (WCS) heavy blend crude for January delivery last traded Monday at US$12.30 below WTI, or an implied value of US$38.70.
December 11, 2018, 10:46 AM MST