Canadian oil supply is estimated to have risen by 190,000 bbls/d month on month in July to 5.7 million bbls/d, according to the International Energy Agency (IEA), primarily from increases in bitumen mining and upgrader output.
September 13, 2023, 12 AM MDT
September 5, 2023, 9:18 AM MDT
The Alberta Energy Regulator (AER) released a new edition of Directive 020: Well Abandonment.
September 5, 2023, 9:23 AM MDT
Although a final investment decision and green-lighting of the Pathways Alliance’s foundational carbon trunk line and CCS project has yet to occur, the group’s president says progress is being made on many fronts.
August 31, 2023, 12 AM MDT
Alberta’s oilsands operators made significant progress lowering emission intensity in the last decade but reaching their net zero targets by 2050 is going to require decarbonization of upstream operations, MEG Energy Corp. president and chief executive officer Derek Evans said at the Canadian Energy Executive Association’s annual business forum in Banff.
August 31, 2023, 12 AM MDT
August 24, 2023, 10:49 AM MDT
Suncor Energy Inc. continues to focus on securing long-term bitumen supply for its upgraders, with its chief executive saying he’s ‘agnostic’ on whether those volumes come from mining or in-situ operations.
August 16, 2023, 1:57 PM MDT
Suncor Energy Inc. has started a “strategy re-examination” of its business, the company’s chief executive said today, with a comprehensive review of strategies and articulated objectives.
August 15, 2023, 11:04 AM MDT
Following ConocoPhillips Canada exercising its pre-emptive right to purchase the 50 per cent working interest in the Surmont in situ asset, Suncor Energy Inc. says it is continuing to evaluate the transaction to acquire the remainder of TotalEnergies SE’s Canadian operations, including the remaining 31.23 per cent working interest in Fort Hills, the company said in its Q2 results.
August 15, 2023, 12 AM MDT
Significant planned turnaround activities at OilSands Base Upgrader 2 are scheduled to start in the third quarter of 2023 and are anticipated be completed in the fourth quarter of 2023, reported Suncor Energy Inc.
August 15, 2023, 12 AM MDT
Canadian supply rose by 130,000 bbls/d to 5.4 million bbls/d in June, primarily from returning production after wildfires shut in close to 200,000 bbls/d in May, the International Energy Agency (IEA) reported in its August Oil Market Report.
August 11, 2023, 12 AM MDT
On Dec. 19, 2018, the Alberta Energy Regulator (AER) received Oil Sands Conservation Act (OSCA) and Environmental Protection and Enhancement Act (EPEA) applications from Devon Canada Corporation for approval of the Pike 2 solvent enhanced steam assisted gravity drainage (SAGD) project.
August 10, 2023, 12 AM MDT
August 8, 2023, 10:53 AM MDT
As a result of strong execution on its thermal in situ growth plan, Canadian Natural Resources Limited expects Q3 average thermal production to be 280,000 bbl/d, which represents growth of approximately 30,000 bbl/d from Q4/22 levels.
August 4, 2023, 12 AM MDT
While dissipating somewhat from recent highs, Canadian Natural Resources Limited’s top executive says inflationary pressures are still in play, especially on the labour front.
August 4, 2023, 12 AM MDT
Enbridge Inc. expects to jointly finalize the settlement with industry for Mainline tolls and submit an application for its approval to the Canada Energy Regulator (CER) by October.
August 4, 2023, 10:41 AM MDT
Canadian Natural Resources Limited’s Q2 production was negatively affected by a variety of factors including the wildfires in Western Canada, resulting in an average production impact of approximately 24,400 boe/d.
August 3, 2023, 11:09 AM MDT
Canadian Natural Resources Limited says the outlook for western Canadian crude producers remains “constructive” and is set up well going into 2024 as the Trans Mountain expansion project is expected to call for line fill in the coming months.
August 3, 2023, 3:57 PM MDT
Imperial Oil Limited is continuing its efforts to right its admitted wrongs emanating from tailings pond incidents at its Kearl mining site.
July 31, 2023, 12 AM MDT
July 31, 2023, 12 AM MDT
Despite oilsands producers’ increasing production in recent weeks as turnarounds are now in the rearview mirror, Cenovus Energy Inc. has a positive outlook on light-heavy differentials as egress out of Alberta is not the issue it was in recent years.
July 28, 2023, 12 AM MDT
Imperial Oil Limited posted a sharp Q2 decrease in production year-over year as the timing of planned turnaround activity, production and steam cycle timing at Cold Lake and the absence of unconventional volumes following the sale of XTO Energy Canada in the third quarter of 2022 impacted volumes.
July 28, 2023, 11:25 AM MDT
MEG Energy Corp.’s president and CEO says the heavy oil pricing differential likely has widened about as much as it’s going to for the remainder of 2023.
July 28, 2023, 7:26 AM MDT
Cenovus Energy Inc. has lowered its 2023 production guidance after the impacts of the Alberta wildfires and a planned turnaround at Foster Creek negatively affected second quarter output, company officials said during a Q2 results conference call this morning.
July 27, 2023, 11:12 AM MDT
Cenovus Energy Inc.’s top executive isn’t quite sure what to make of the news that the federal government is restricting the conditions under which it will allow subsidies to the oil and gas sector.
July 27, 2023, 2:04 PM MDT
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.