Imperial Oil Limited is “coming down to the final weeks” leading up to startup of new crushing capacity at its Kearl oilsands mine, CEO Rich Kruger said on Friday.
November 4, 2019, 10:50 AM MST
The Impact Assessment Agency of Canada is holding a public comment period as part of the environmental assessment process for Teck Resources Limited’s proposed Frontier oilsands mine project in northern Alberta.
October 28, 2019, 11:51 AM MDT
These are some key forecast assumptions from this week's Alberta budget tabled on Oct. 24.
October 25, 2019, 8:54 AM MDT
In its first budget tabled this afternoon, the UCP government forecast an $8.7 billion deficit in 2019/2020, which includes provisions and contingencies, such as $1.5 billion for cancelling crude-by-rail. It expects to reverse years of red ink by successive PC and NDP administrations by 2022/2023 when it forecasts a surplus of $600 million.
October 24, 2019, 3:18 PM MDT
The Alberta government is expecting to bring in $6.53 billion in total non-renewable resource revenue for 2019/2020, up from $5.43 billion the previous fiscal year. It then is expected to fall to $5.39 billion in 2020/2021.
October 24, 2019, 3:22 PM MDT
Although Canadian Pacific Railway Limited’s third quarter crude-by-rail volumes were up sequentially, volumes fell short of projections.
October 24, 2019, 8:01 AM MDT
Despite the tailwinds of curtailment and wide differentials, mining giant Teck Resources Limited was able to count on its investment in the Fort Hills oilsands mine, in which it is partnered with Suncor Energy Inc., for better third quarter financial results than would have been the case if it was only in the metals and coal mining business.
October 24, 2019, 3:13 PM MDT
After narrowing significantly through the earlier part of 2019 and then holding in a fairly steady band of between U.S.$11-$13/bbl in late summer/early fall, the Western Canada Select (WCS)-West Texas Intermediate (WTI) differential has steadily widened in recent weeks.
October 23, 2019, 6:19 AM MDT
The widening differentials improve the business case and economics of crude-by-rail, which has been ratcheting up in recent months despite narrower differentials earlier this year.
October 23, 2019, 6:33 AM MDT
Canadian National Railway Company’s third quarter crude transport revenues were up 34 per cent despite several of its customers shipping below their take-or-pay contract level, idling capacity in response to the Alberta production curtailment program.
October 23, 2019, 10:35 AM MDT
Field Upgrading Limited has requested a two-year extension of its pilot project testing desulphurization (DSU) technology for converting heavy oil into low-sulphur marine fuel.
October 21, 2019, 11:01 AM MDT
Energy and the environment continue to be hot topics as the Oct. 21 federal election beckons and the four main parties have divergent platforms on the files, a situation that is likely putting Canadian oil and gas management teams even more on edge.
October 16, 2019, 6 AM MDT
Key highlights of the Liberal, Conservative, NDP and Green platforms as they relate to energy and the environment.
October 16, 2019, 6 AM MDT
Tight global supplies and demand growth will result in healthy values for medium and heavy sour crudes, although high sulphur fuel oils will be challenged by the International Maritime Organization’s (IMO) new sulphur limits, an energy forum heard recently.
October 16, 2019, 8:42 AM MDT
Canadian oil supply held largely steady in August at 5.6 million bbls/d, the International Energy Agency (IEA) reported, as higher output of raw bitumen was offset by lower production of synthetic crude.
October 11, 2019, 8:46 AM MDT
Governments across Canada licensed 5,617 new wells in the first nine months of 2019, down 20 per cent from 7,019 permits granted in January-September 2018.
October 9, 2019, 8:07 AM MDT
University of Calgary engineering professor Ian Gates had the industry’s attention with the allure of a way to bypass the pipeline plights in the country.
October 7, 2019, 8:07 AM MDT
October 4, 2019, 7:33 AM MDT
A discussion about the future of Canadian natural resources and climate change must start with fact, Alberta’s energy minister said Wednesday.
October 3, 2019, 12 AM MDT
Cenovus Energy Inc. continues to expand its takeaway capacity and has added volumes in existing pipeline infrastructure while ramping up its crude-by-rail volumes with clear sight to its year-end goal of transporting 100,000 bbls/d by train.
October 3, 2019, 11:05 AM MDT
Cenovus Energy Inc. is “building out the business case” to construct a diluent recovery unit (DRU) at its Bruderheim transloading terminal in Alberta, a project that potentially could allow crude-by-rail to become a more permanent structural component of the company’s transportation strategy.
October 2, 2019, 11:49 AM MDT
October 2, 2019, 11:51 AM MDT
October 2, 2019, 12 AM MDT
Enbridge Inc. must suspend its current open season offering firm service on the Canadian Mainline until the Canada Energy Regulator (CER) has approved all tolls and associated terms and conditions, the regulator ruled today.
September 27, 2019, 3:41 PM MDT
September 27, 2019, 11:19 AM MDT