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
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