While Whitecap Resources Inc. still sees light oil as its “product of choice” due to higher netbacks along with potential for secondary and tertiary recovery methodologies, top brass says natural gas shows promise as well.
July 10, 2020, 12 AM MDT
Canadian oil supply declined by another 270,000 bbls/d in May, reported the International Energy Agency (IEA), taking the total decline since the end of 2019 to nearly one million bbls/d or roughly 20 per cent of national production.
July 10, 2020, 6 AM MDT
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While takeaway capacity for Alberta crude oil production could become constrained by the end of this year as oilsands production comes back online, rail will be an option but only with a wider heavy oil differential, an energy conference heard Wednesday.
July 9, 2020, 7:24 AM MDT
Below are three key conclusions from Evaluate Energy’s latest report on oil hedging positions for 102 North American producers heading into the second half of 2020.
July 9, 2020, 12 AM MDT
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July 9, 2020, 11:06 AM MDT
Tamarack Valley Energy Ltd. is picking up assets in west-central Alberta for $4.25 million.
July 9, 2020, 7:33 PM MDT
July 9, 2020, 11:10 AM MDT
July 9, 2020, 8:29 AM MDT
Canada’s integrated oil companies are seeing promising signs of recovering demand both upstream and downstream as they begin to bring production back online, an investor energy conference heard Tuesday.
July 8, 2020, 6 AM MDT
Integrated oil companies that sharply reduced their capital budgets in response to the COVID-19 pandemic say they will continue to focus on their balance sheets for the rest of this year although some say spending could rise next year.
July 8, 2020, 7:08 AM MDT
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July 7, 2020, 11:05 AM MDT
July 7, 2020, 11:11 AM MDT
Rangeland Midstream Canada, Ltd.’s Marten Hills Pipeline System is now in service.
July 7, 2020, 8:45 AM MDT
July 7, 2020, 8:19 AM MDT
July 6, 2020, 11:14 AM MDT
The tanker Cabo de Hornos is now on a voyage of 11,900 kilometres to Irving Oil Limited’s Saint John refinery via the Panama Canal after loading at Trans Mountain’s Burnaby, B.C. terminal, Cenovus Energy Inc. said Thursday.
July 3, 2020, 7:19 AM MDT
July 3, 2020, 11:03 AM MDT
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