The massive price discount on Canadian crude is not just a “Calgary problem” but also a challenge for the entire country, federal Finance Minister Bill Morneau said Tuesday afternoon, although as with the prime minister last week, he offered no short- or medium-term fix.
November 28, 2018, 3:15 AM MST
The current oil price differentials are impacting the Canadian oil and natural gas industry in unprecedented ways. The price of Western Canadian Select (“WCS”) hit a recent low in the second half of 2018, dipping below US$14 per bbl.
November 28, 2018, 7:21 AM MST
November 27, 2018, 3:22 AM MST
Prime Minister Justin Trudeau offered no short-term fix for the Western Canadian Select (WCS) differential blowout as he headed into a meeting with oil industry officials on Thursday in Calgary.
November 23, 2018, 3:27 AM MST
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
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
Not for the first time in its life, the future of one of Alberta’s longest running thermal oilsands projects is at risk as a result of the province’s water treatment regulations.
November 13, 2018, 6:12 AM MST
Imperial Oil Limited is moving “as fast as possible” to implement the digital initiatives it estimates are worth at least $500 million per year to its bottom line.
November 12, 2018, 8:27 AM MST
Suncor Energy Inc. has received regulatory approval to build a new test centre for oilsands technologies at its MacKay River SAGD project.
November 12, 2018, 6 AM MST
November 12, 2018, 10:25 AM MST
November 12, 2018, 11:22 AM MST
November 9, 2018, 4:47 AM MST
November 8, 2018, 3:50 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
With market access issues driving down prices for Western Canadian oil and gas, and regulatory issues threatening to drive up costs, there was a lot of pessimism about the future prospects for the Canadian industry in the audience at the Petroleum Services Association of Canada’s (PSAC) annual forecast luncheon in Calgary last Thursday.
November 6, 2018, 6 AM MST
Imperial Oil Limited has received regulatory approval to implement its liquid addition to steam for enhancing recovery (LASER) technology across its Cold Lake thermal project.
November 6, 2018, 6 AM MST
Switzerland-based International Petroleum Corporation says it is realizing success “arresting declines” at the Suffield natural gas assets it purchased from Cenovus Energy Inc. earlier this year.
November 6, 2018, 11:12 AM MST
November 6, 2018, 3:40 AM MST
Syncrude Canada Ltd. is closer to realizing the benefits of new reliability infrastructure thanks to a “step improvement” in co-operation between the joint venture owners, says Suncor Energy Inc. CEO Steve Williams.
November 5, 2018, 6 AM MST
Imperial Oil Limited is a major contributor to surging crude-by-rail traffic out of the Western Canada Sedimentary Basin. The company is working towards utilization of “every bit” of the 210,000 bbl/d loading capacity at its Edmonton terminal, CEO Rich Kruger said on Friday.
November 2, 2018, 11:24 AM MDT