Cenovus Energy Inc. has signed three-year deals with major rail companies to transport approximately 100,000 bbls/d of heavy crude oil from northern Alberta to various destinations on the U.S. Gulf Coast.
September 27, 2018, 3:45 AM MDT
A cold heavy oil play has moved from emerging to commercial in the southwest corner of the Athabasca oilsands region, and now Canada’s largest heavy oil producer is in on the action.
September 24, 2018, 7:49 AM MDT
Production at Lindbergh and at the corporate level is on track, says Pengrowth Energy Corporation, which provided an update on its operations on Monday.
September 11, 2018, 6 AM MDT
Pan Orient Energy Corp. continues to work with joint venture partners to move forward towards potential commercial expansion to 3,200 bbls/d at the Sawn Lake, Alberta steam assisted gravity drainage (SAGD) project.
August 16, 2018, 9:54 AM MDT
BlackPearl Resources Inc. says it will use higher than expected cash flow to add production at its Saskatchewan thermal heavy oil project and increase spending on conventional heavy oil drilling.
August 3, 2018, 10:59 AM MDT
New low-sulphur marine fuel standards could prove to be disastrous for the Canadian oil producing sector, says a new report by the Canadian Energy Research Institute (CERI), creating the need for more upgrading and refining to take place within Alberta.
August 1, 2018, 9:13 AM MDT
Baytex Energy Corp. is doing its part to contribute to record levels of western Canadian crude being shipped to market via rail.
July 31, 2018, 10:54 AM MDT
Crude-by-rail exports, which set a record in April, are expected to continue to rise as coastal refiners facing higher offshore prices look for cheaper crude in Western Canada where pipeline constraints have resulted in price discounts, say those in the industry.
July 16, 2018, 8:57 AM MDT
Chad Harris wants to make it clear: while Serafina Energy Ltd. uses proven thermal SAGD technology, it is not an oilsands company.
July 11, 2018, 7:36 AM MDT
Husky Energy Inc. hopes to begin construction this fall on three new pipelines, including a larger replacement for a pipeline that in 2016 ruptured and spilled heavy oil and diluent into the North Saskatchewan River near Maidstone.
June 15, 2018, 11:33 AM MDT
June 15, 2018, 9:17 AM MDT
Acceleware Ltd. has created a six-member Acceleware Advisory Board (AAB) that will support the commercialization of its Radio Frequency (RF) enhanced oil recovery technology and that has already started working with the company’s executive team.
June 12, 2018, 9:16 AM MDT
June 11, 2018, 6 AM MDT
More attention needs to be paid to the potential impact on heavy sour crude prices of new International Maritime Organization (IMO) rules that would significantly reduce sulphur emissions from ships’ fuel as of Jan. 1, 2020, the Platts energy forum heard Wednesday. ''
June 7, 2018, 6 AM MDT
Temporarily slowed heavy oil production and buildup of a record inventory of saleable oil in excess of 40,000 bbls in the first quarter paid off handsomely for Gear Energy Ltd. as it sold its inventory at substantially higher prices in the second quarter.
May 10, 2018, 9:29 AM MDT
BlackPearl Resources Inc. directly felt the pinch of Western Canada’s pipelines running full during the first quarter of 2018, but CEO John Festival is confident that new pipelines are coming.
May 4, 2018, 6 AM MDT
May 4, 2018, 3:07 AM MDT
BlackPearl Resources Inc. is now up and running with oil production at its new Onion Lake thermal expansion in Saskatchewan.
May 3, 2018, 9:01 AM MDT
If Canadian heavy oil producers can get to the U.S. Gulf of Mexico, they are well positioned to compete with Latin American producers, a crude oil summit heard Tuesday.
May 2, 2018, 7:15 AM MDT
Devon Energy Corporation’s heavy oil production fell in the first quarter to 131,000 boe/d from 141,00 boe/d a year ago.
May 2, 2018, 6 AM MDT
The “consistent, deeply discounted” prices for Canadian heavy oil in the first quarter of 2018 have improved recently, but Husky Energy Inc. CEO Rob Peabody is expecting continued volatility in the near term.
April 26, 2018, 10:53 AM MDT
March 27, 2018, 3:17 AM MDT
March 27, 2018, 10:22 AM MDT
Today’s announcement by Cenovus Energy Inc. that it has reduced its bitumen production and will be resorting to the use of storage because of a lack of pipeline access is a trend and not a one-off decision, according to analysts who cover the sector.
March 22, 2018, 11:51 AM MDT
A former executive with Petroleos Mexicanos (Pemex), who predicted two years ago that Canadian heavy oil and bitumen producers would eventually become the “price-setters” in the U.S. market, replacing Mexico’s Maya crude, says he believes Canadian heavies will be exported from Mexico’s Pacific coast in the future.
March 21, 2018, 6 AM MDT