Canadian production increased by 32 per cent in 2017 to an average of 64,167 boe/d, up from 48,448 boe/d in 2016, says CNOOC Limited in its annual report.
April 13, 2018, 10:15 AM MDT
April 13, 2018, 3:49 AM MDT
April 12, 2018, 3:07 AM MDT
The Trans Mountain pipeline dispute was again a central focus of debate in the B.C. Legislature on Tuesday in testy exchanges between the B.C. Liberals and NDP Premier John Horgan.
April 11, 2018, 6:53 AM MDT
April 11, 2018, 3:17 AM MDT
Canadian oilsands heavy crude producers can look forward to growing demand for their oil on the U.S. Gulf Coast, with demand rising to 1.2 million bbls/d by 2020, from an estimated 800,000 bbls/d now, but the authors of a new report predicting that growth say the stalled Trans Mountain pipeline expansion is still essential.
April 11, 2018, 5:34 AM MDT
April 11, 2018, 2:58 AM MDT
As the debate over the Trans Mountain pipeline expansion reaches a critical stage, owners of a U.S. pipeline have decided to go ahead with planning for a project that would reverse the flow of crude, which would open market access for Canadian crude.
April 10, 2018, 6 AM MDT
April 10, 2018, 3:06 AM MDT
While Canada has a strong refining industry, it processes only 30 per cent of its own crude oil production, according to the National Energy Board’s (NEB) first Canadian Refinery Overview – Energy Market Assessment report.
April 10, 2018, 11:54 AM MDT
April 10, 2018, 2:58 AM MDT
Kinder Morgan Canada Limited could not ramp up spending into the billions on the Trans Mountain expansion without clarity on whether it could efficiently construct the pipeline through British Columbia, and is unwilling to put shareholders at risk, the company’s CEO said today.
April 9, 2018, 8:29 AM MDT
April 6, 2018, 3:09 AM MDT
As of April 1, 2018, volumes from Groundbirch began flowing on the Nova Gas Transmission Ltd. (NGTL) system, after Pengrowth Energy Corporation completed the compression project which allows it to shift transportation of natural gas production at Groundbirch away from Station 2 and onto the NGTL system.
April 6, 2018, 6 AM MDT
April 5, 2018, 6:47 AM MDT
April 4, 2018, 3:35 AM MDT
Canadian crude oil by rail exports fell in January 2018 to 144,413 bbls/d from 152,151 bbls the previous month.
April 3, 2018, 10:18 AM MDT
April 3, 2018, 3:11 AM MDT
March 27, 2018, 3:17 AM MDT
March 27, 2018, 10:22 AM MDT
The Alberta government this afternoon tabled a budget which forecasts a 54 per cent increase in the light-heavy differential, highlighting the egress problem in Alberta.
March 22, 2018, 2:51 PM MDT
The following charts show key oil, bitumen and natural gas assumptions in the Alberta government’s budget tabled this afternoon.
March 22, 2018, 2:37 PM MDT
Today’s announcement by Cenovus Energy Inc. that it has reduced its bitumen production and will be resorting to the use of storage because of a lack of pipeline access is a trend and not a one-off decision, according to analysts who cover the sector.
March 22, 2018, 11:51 AM MDT
More than two dozen clean-tech executives and venture capitalists have penned a letter to Premier John Horgan, asking him to back off on his opposition to the Trans Mountain pipeline expansion.
March 22, 2018, 6 AM MDT
Wolf Midstream Inc. said today that it has closed the acquisition of the previously announced agreement to acquire MEG Energy Corp.’s 50 per cent ownership interest in the Access Pipeline and 100 per cent ownership in the Stonefell Terminal for $1.52 billion plus capital commitments of approximately $90 million.
March 22, 2018, 9:36 AM MDT