AECO natural gas spot prices staged a recovery in July, gaining 38 cents/gigajoule or more than 40 per cent to $1.30/gigajoule from 92 cents/gigajoule in June while the light-heavy differential continued to widen as light oil prices improved.
August 2, 2018, 7:21 AM MDT
August 2, 2018, 3:42 AM MDT
Athabasca Oil Corporation increased its 2018 capital budget by $45 million to reflect continued activity in the Montney at Placid through the second half of 2018.
August 2, 2018, 7:03 AM MDT
New low-sulphur marine fuel standards could prove to be disastrous for the Canadian oil producing sector, says a new report by the Canadian Energy Research Institute (CERI), creating the need for more upgrading and refining to take place within Alberta.
August 1, 2018, 9:13 AM MDT
ConocoPhillips wants to be able to use condensate as an alternative to synthetic crude oil diluent after the company was forced to curtail bitumen production at its Surmont SAGD project, a company executive said Thursday.
July 27, 2018, 6 AM MDT
Higher oil prices and increased output helped Imperial Oil Limited post second quarter net earnings of $196 million, or 24 cents per diluted share, versus a net loss of $77 million, or nine cents a share, in the same period last year.
July 27, 2018, 10:46 AM MDT
Syncrude is on target to meet a plan to restart all its processing units which were shut down in June after it experienced a site-wide disruption as a result of a power failure, the CEO of Suncor Energy Inc. said today.
July 26, 2018, 11:18 AM MDT
Cenovus Energy Inc. CEO Alex Pourbaix asked investors for patience on Thursday as the company works on an agreement to ship large volumes of its crude by rail in order to manage ongoing market access issues.
July 26, 2018, 11:08 AM MDT
Global sulphur prices are expected to remain under pressure for the next few years as supply increases outpace demand growth.
July 25, 2018, 6 AM MDT
Statistics for Alberta sulphur production reflect the sharp decline in sour-gas output in recent years and the rising fortunes of oilsands producers in the same period.
July 23, 2018, 8:32 AM MDT
It is often said that improved project delivery in Alberta requires better communication and more collaboration between project owners and contractors.
July 19, 2018, 6 AM MDT
July 19, 2018, 3:49 AM MDT
Suncor Energy Inc. has received approval to proceed with a project that will reduce its oilsands GHG emissions as well as its related regulatory compliance activities.
July 18, 2018, 6 AM MDT
Canada is an increasingly important source of heavy oil in the global market, but continued uncertainty over the timelines for steel in the ground on new export pipelines is keeping a lid on the opportunity.
July 18, 2018, 11:35 AM MDT
July 18, 2018, 11:22 AM MDT
July 17, 2018, 3:40 AM MDT
Brazil and Canada are expected underpin medium-term non-OPEC supply growth, adding the most production outside of the U.S. by 2030.
July 17, 2018, 9:26 AM MDT
Crude-by-rail exports, which set a record in April, are expected to continue to rise as coastal refiners facing higher offshore prices look for cheaper crude in Western Canada where pipeline constraints have resulted in price discounts, say those in the industry.
July 16, 2018, 8:57 AM MDT
The Canadian Association of Petroleum Producers (CAPP) released the 2018 edition of its Crude Oil Forecast, Markets and Transportation report last month. It is a very useful report in some ways, but unfortunately the crude forecasts in these reports have long suffered from myopia.
July 16, 2018, 7:58 AM MDT
July 16, 2018, 3:44 AM MDT
July 13, 2018, 3:35 AM MDT
Two major oilsands producers said this week that better market access isn’t enough to enable Canada’s oilpatch to compete globally.
July 12, 2018, 8:23 AM MDT
Alberta’s oldest commercial SAGD project achieved record production in May 2018 and came close to meeting its full nameplate capacity, according to new data on the DOB’s Canadian Oilsands Navigator.
July 12, 2018, 6 AM MDT
July 10, 2018, 11:08 AM MDT
July 6, 2018, 3:25 AM MDT