A former executive with Petroleos Mexicanos (Pemex), who predicted two years ago that Canadian heavy oil and bitumen producers would eventually become the “price-setters” in the U.S. market, replacing Mexico’s Maya crude, says he believes Canadian heavies will be exported from Mexico’s Pacific coast in the future.
March 21, 2018, 6 AM MDT
When GasBuddy petroleum analyst Dan McTeague made predictions recently about Lower Mainlanders paying $2 per litre for gasoline, he wasn’t talking about a worst-case scenario.
March 20, 2018, 4:14 AM MDT
Since oil prices plummeted in late 2014, the ownership structure of the Canadian oilsands has been dramatically altered and we’ve seen projects move further under Canadian control.
March 20, 2018, 6:57 AM MDT
March 16, 2018, 3:38 AM MDT
Canadian oil production should see further support during 2018, as Canadian Natural Resources Limited completed its Horizon upgrader expansion towards the end of 2017, and as the Fort Hills and Hebron projects ramp up over the course of the year.
March 15, 2018, 3:26 AM MDT
March 15, 2018, 3:01 AM MDT
March 15, 2018, 2:58 AM MDT
March 14, 2018, 5:35 AM MDT
March 13, 2018, 3:39 AM MDT
It’s time for the Alberta government to think outside the box.
March 12, 2018, 3:29 AM MDT
Production volumes were already at approximately 70 per cent of nameplate capacity just six months into ramp up at the new Hangingstone SAGD expansion.
March 12, 2018, 10:38 AM MDT
March 12, 2018, 2:49 AM MDT
March 9, 2018, 3:33 AM MST
March 8, 2018, 3:01 AM MST
March 7, 2018, 3:15 AM MST
The head of the Mexican agency overseeing the auction for oil and gas blocks in the country says he wants to focus on prospective heavy oil deposits to compete with surging Canadian heavy oil production.
March 7, 2018, 10:18 AM MST
March 6, 2018, 3:03 AM MST
The International Energy Agency (IEA) says that Canada is poised for strong crude production growth but that export constraints will “crimp” future gains.
March 5, 2018, 11:27 AM MST
For a combination of reasons, the differential between West Texas Intermediate (WTI) light oil prices and the Western Canadian Select (WCS) heavy oil price will continue to narrow this year, says an energy analyst.
March 5, 2018, 6 AM MST
March 5, 2018, 4:18 AM MST
Both heavy oil and natural gas took a hit in February as the Net Energy Inc. differential between near month light oil and Western Canada Select (WCS) prices was the widest in five years and gas once again slipped below $2 per gigajoule.
March 2, 2018, 3:11 AM MST
March 2, 2018, 3:48 AM MST
The B.C. government launched a consultation process this afternoon on four policy areas of oil spill response.
February 28, 2018, 2:42 PM MST
The Alberta government should transform its Invest Alberta agency into a “world-class organization that has the capacity to secure multibillion-dollar projects when competing with the best investment agencies in the world,” says a report by the province’s Energy Diversification Advisory Committee (EDAC).
February 27, 2018, 4 AM MST
Canadian crude oil by rail exports surged in December 2017 to 152,151 bbls/d, the second highest total of 2017.
February 26, 2018, 8:39 AM MST