BlackPearl Resources Inc. reported healthy production growth in the second quarter as its Onion Lake thermal oil project in Saskatchewan reached design capacity of 6,000 bbls a day.
August 11, 2016, 6 AM MDT
Devon Energy Corporation expects net heavy‐oil production to range between 131,000 and 136,000 bbls per day in the third quarter, and the companyattributes Canadian production growth for the three and six months ended June 30, 2016 to industry-leading performance at the company’s Jackfish 3 facility.
August 3, 2016, 11:41 AM MDT
BlackPearl Resources Inc. has completed the semi-annual review of its credit facilities with its syndicated group of lenders. As a result of this review the maximum borrowing amount has been reduced from $150 million to $117.5 million.
July 12, 2016, 8:33 AM MDT
Canadian heavy oil and bitumen producers will become the “price-setters, rather than the price-followers” in the future, says a former executive with Petroleos Mexicanos (Pemex), as shipments of Canadian heavy oil to the U.S. Gulf Coast exceed Maya crude sent there.
July 11, 2016, 6 AM MDT
For decades, operators have received mixed results using microbes to improve oil production, but a new generation of bio-enhanced oil recovery technology (BioEOR) promises to pump more oil with fewer disruptions and at lower costs.
July 6, 2016, 10:45 AM MDT
As the costs for developing oilsands projects falls with the completion of already-sanctioned projects, and the relatively-high WTI price needed to create economic returns on many further developments, Pengrowth Energy Corporation expects to take advantage of such reduced costs at Lindbergh and its lower break-even price.
June 29, 2016, 10:36 AM MDT
Husky Energy Inc. has started steam operations at the 4,500 bbls per day Edam West thermal in Saskatchewan, its third thermal project to be brought online this year.
June 17, 2016, 6 AM MDT
June 9, 2016, 7:29 AM MDT
With the West Texas Intermediate oil price nearing US$50 a bbl, Baytex Energy Corp. has decided to start reactivating shut-in heavy oil wells, shareholders heard on Wednesday.
June 2, 2016, 11:33 AM MDT
May 24, 2016, 6 AM MDT
Low-pressure steaming is expected to boost production at Canadian Natural Resources Limited’s Primrose East project by about 15,000 bbls of a day once a pipeline-related shut-in ends.
May 6, 2016, 6 AM MDT
With current production of 5,300 bbls per day, BlackPearl Resources Inc.’s Onion Lake, Saskatchewan thermal EOR project is continuing to ramp up nicely on its way to its design capacity of 6,000 bbls per day, company shareholders heard Thursday.
May 6, 2016, 7:32 AM MDT
Pengrowth Energy Corporation continued with its strategy of deferring significant development capital expenditures until there is a sustained recovery in commodity prices.
May 4, 2016, 6 AM MDT
Although known as a heavy oil producer, Baytex Energy Corp. continued its recent focus on the Eagle Ford shale play in the first quarter, sinking nearly all of its capital for the period into the south-Texas play.
May 3, 2016, 10:53 AM MDT
Husky Energy Inc. has commenced production at its Edam East Lloyd thermal project in Saskatchewan, the first of three thermal developments scheduled to come online this year.
April 18, 2016, 1:12 PM MDT
Although total U.S. crude oil imports in 2015 continued to be lower than levels reached during the mid-2000s, imports from the U.S.’s top foreign oil supplier — Canada — were the highest on record, according to annual trade data from the Energy Information Administration’s (EIA) Petroleum Supply Monthly.
April 12, 2016, 9:43 AM MDT
April 5, 2016, 9:03 AM MDT
FluidOil Limited, a provider of oil upgrading technology solutions, has completed the acquisition of the intellectual property of Vancouver-based Ivanhoe Energy Inc. as well as the acquisition of its Texas-based subsidiary Ivanhoe Energy Holdings Inc.
April 4, 2016, 6 AM MDT
Pengrowth Energy Corporation and Frog Lake Energy Resources Corp. announced an agreement for the sale and leaseback of the co-generation facilities at Pengrowth's Lindbergh thermal oil project in Cold Lake, Alberta.
April 1, 2016, 11:56 AM MDT
In light of the improved oil pricing outlook, Gear Energy Ltd. says its board of directors and management now believe that the economic returns on drilling are strong enough to justify a return to activity in the field.
March 29, 2016, 7:05 AM MDT
As SAGD bitumen producing projects start reaching what was expected to be the end of their productive life, they have taken an unexpected turn — as one industry expert put it, they are refusing to die.
March 14, 2016, 6 AM MDT
Nsolv announces it has been awarded $13 million in grant funding to commercialize its waterless, clean energy technology for heavy oil extraction.
March 9, 2016, 8:18 AM MST
March 4, 2016, 6 AM MST
Husky Energy Inc. has started steam operations at the Edam East heavy oil thermal project in Saskatchewan, the first of three new thermal projects coming online this year.
March 1, 2016, 6 AM MST
BlackPearl Resources Ltd. has deferred expansion of its Mooney ASP flood until oil prices improve and has reduced its 2016 capital spending plans as its focuses on maintaining a strong balance sheet, limiting spending until it sees signs of a sustained recovery.
February 29, 2016, 6 AM MST