The North West Redwater (NWR) Sturgeon refinery in its first full year of operation is projected to produce a loss of about $24 million (about $1/bbl) for the Alberta Petroleum Marketing Commission and Canadian Natural Resources Limited, the two toll-paying entities, says a new report.
June 29, 2018, 11:47 AM MDT
The Alberta government received $4.98 billion in total non-renewable resource revenue in 2017/18, up from $3.1 billion the previous fiscal year, which helped to narrow the deficit.
June 28, 2018, 9:57 AM MDT
June 28, 2018, 2:58 AM MDT
First Nations-led Eagle Spirit Energy says it has secured an offtake commitment from a major national oil company for two million bbls/d of crude oil and substantial supply commitments from producers.
June 27, 2018, 6 AM MDT
June 27, 2018, 3:38 AM MDT
June 26, 2018, 3:29 AM MDT
Nexen Energy, a wholly-owned subsidiary of CNOOC Limited, announced a positive final investment decision on its Long Lake Southwest expansion project in northern Alberta.
June 20, 2018, 2:53 PM MDT
Analysis by CanOils sheds interesting new light on the overall appetite for capital investment among Canadian producers — in the era before and after the oil price downturn — with a subset of major oilsands operators continuing to restrain investment into major new projects due to weaker Canadian oil prices caused by a lack of market access.
June 15, 2018, 7:01 AM MDT
A new arbitration panel will re-hear a grievance by Unifor against Suncor Energy Inc. regarding random drug and alcohol testing of union members at its Fort McMurray oilsands operations.
June 15, 2018, 6 AM MDT
The Alberta Energy Regulator has approved Syncrude Canada Ltd.’s application for its Aurora North tailings management plan, subject to conditions, while prohibiting the company’s plans for water-capped pit lakes.
June 14, 2018, 10:47 AM MDT
Prosper Petroleum Ltd. has received regulatory approval, subject to certain conditions, for its $390 million greenfield Rigel SAGD project in the Athabasca oilsands, 64 kilometres northwest of the hamlet of Fort McKay.
June 13, 2018, 6 AM MDT
Canada’s oil output will grow by about 1.41 million bbls/d over the next 18 years — less than if the country had more regulatory certainty, says the industry’s top trade group.
June 13, 2018, 6 AM MDT
Canadian oil output is expected to continue to grow strongly in 2019, adding an estimated 180,000 bbls/d, the International Energy Agency (IEA) said in its monthly report on the oil market released today.
June 13, 2018, 10:47 AM MDT
June 12, 2018, 9:07 AM MDT
June 12, 2018, 10:51 AM MDT
Acceleware Ltd. has created a six-member Acceleware Advisory Board (AAB) that will support the commercialization of its Radio Frequency (RF) enhanced oil recovery technology and that has already started working with the company’s executive team.
June 12, 2018, 9:16 AM MDT
Simply put: it takes too long for pipeline projects in Canada to receive regulatory approval, say industry advocates.
June 11, 2018, 7:22 AM MDT
Suncor Energy Inc. says that the new Fort Hills oilsands mine has already reached its nameplate production capacity, months ahead of schedule and despite slower than expected start up.
June 8, 2018, 6 AM MDT
June 8, 2018, 6:07 AM MDT
The Joint Review Panel established to review the proposed Frontier oilsands mine project and conduct an assessment of the environmental effects of the project has determined that the proponent, Teck Resources Limited, has provided sufficient information for the panel to hold a public hearing for the project.
June 7, 2018, 6 AM MDT
When leaders of a group of oilsands producers stood with environmental organizations, sharing a stage with Alberta Premier Rachel Notley as she announced an extraordinary provincial climate accord in November 2015, few were aware of the marathon of negotiations and depth of conciliation that had led up to that unprecedented moment.
June 6, 2018, 6 AM MDT
June 5, 2018, 8:31 AM MDT
In the first quarter of this year, many Canadian heavy crude producers paid a premium to ship by rail. Others had to shut in production.
June 4, 2018, 10:56 AM MDT
Thursday was the last day for Bill McCaffrey as CEO of MEG Energy Inc., but his interim replacement wants investors to know that the company will continue the strategy that he formed.
June 1, 2018, 11:35 AM MDT
Production at the Horizon oilsands project has reached a new record in each month since the startup of the Phase 3 expansion, according to data on the DOB’s Canadian Oilsands Navigator.
June 1, 2018, 8:23 AM MDT