November 16, 2018, 3:22 AM MST
The implied value of Western Canadian Select (WCS) closed below $14 on Thursday.
November 16, 2018, 3:29 AM MST
November 16, 2018, 3:37 AM MST
November 15, 2018, 3:53 AM MST
November 15, 2018, 9:29 AM MST
November 15, 2018, 9:07 AM MST
While the historically-wide differentials witnessed recently between Western Canada Select (WCS) and West Texas Intermediate (WTI) have begun to narrow in recent days, tanking benchmark crude prices are putting further hurt on Canadian producers.
November 14, 2018, 6:37 AM MST
November 14, 2018, 4:26 AM MST
November 14, 2018, 7:46 AM MST
November 14, 2018, 9:51 AM MST
The risk of a global energy supply crunch “looms largest” in crude as U.S. tight oil is unlikely to pick up the slack on its own, says the International Energy Agency (IEA) in its latest World Energy Outlook 2018 released this morning.
November 13, 2018, 10:54 AM MST
TransCanada Corporation is continuing to review a Montana court judgment to determine how best to address the deficiencies the court found in the U.S. State Department’s approval of the Keystone XL pipeline.
November 13, 2018, 11:50 AM MST
November 12, 2018, 11:31 AM MST
November 9, 2018, 4:47 AM MST
TransCanada Corporation today launched an open season to solicit binding commitments from interested parties for transportation services of crude oil from Cushing, Oklahoma to markets on the U.S. Gulf Coast on incremental capacity on Marketlink.
November 9, 2018, 8:35 AM MST
November 8, 2018, 3:50 AM MST
Gear Energy Ltd. said it has worked hard through 2018 to unlock significant new reserves that were anticipated to boost fourth quarter production to approximately 9,500 boe per day. However, in light of the current weak pricing environment, that production growth will now be deferred into 2019.
November 8, 2018, 7:38 AM MST
Athabasca Oil Corporation is joining other heavy oil producers and cutting production in order to mitigate the impact of the record-high WCS price discount. The company has also deferred completions on new wells on its Greater Placid Montney acreage in order to focus on maximizing returns.
November 8, 2018, 9:19 AM MST
November 8, 2018, 3:55 AM MST
November 8, 2018, 7:25 AM MST
There will continue to be a role in the world for Canadian heavy crude, although Canada will have to be more reliant on its own oil companies to develop new oilsands projects with the departure of foreign investors, a global oil market strategist said Tuesday.
November 7, 2018, 4:43 AM MST
November 7, 2018, 3:28 AM MST
Gibson Energy Inc. is taking advantage of market opportunities while being realistic about what is good for the industry.
November 7, 2018, 10:48 AM MST
November 7, 2018, 3:37 AM MST
Vital Energy Inc. says a pair of vertical wells were drilled at Gull Lake are on production.
November 7, 2018, 8:13 AM MST