The Alberta government is expecting to bring in $6.53 billion in total non-renewable resource revenue for 2019/2020, up from $5.43 billion the previous fiscal year. It then is expected to fall to $5.39 billion in 2020/2021.
October 24, 2019, 3:22 PM MDT
Although Canadian Pacific Railway Limited’s third quarter crude-by-rail volumes were up sequentially, volumes fell short of projections.
October 24, 2019, 8:01 AM MDT
Despite the tailwinds of curtailment and wide differentials, mining giant Teck Resources Limited was able to count on its investment in the Fort Hills oilsands mine, in which it is partnered with Suncor Energy Inc., for better third quarter financial results than would have been the case if it was only in the metals and coal mining business.
October 24, 2019, 3:13 PM MDT
After narrowing significantly through the earlier part of 2019 and then holding in a fairly steady band of between U.S.$11-$13/bbl in late summer/early fall, the Western Canada Select (WCS)-West Texas Intermediate (WTI) differential has steadily widened in recent weeks.
October 23, 2019, 6:19 AM MDT
The widening differentials improve the business case and economics of crude-by-rail, which has been ratcheting up in recent months despite narrower differentials earlier this year.
October 23, 2019, 6:33 AM MDT
Canadian National Railway Company’s third quarter crude transport revenues were up 34 per cent despite several of its customers shipping below their take-or-pay contract level, idling capacity in response to the Alberta production curtailment program.
October 23, 2019, 10:35 AM MDT
Field Upgrading Limited has requested a two-year extension of its pilot project testing desulphurization (DSU) technology for converting heavy oil into low-sulphur marine fuel.
October 21, 2019, 11:01 AM MDT
Energy and the environment continue to be hot topics as the Oct. 21 federal election beckons and the four main parties have divergent platforms on the files, a situation that is likely putting Canadian oil and gas management teams even more on edge.
October 16, 2019, 6 AM MDT
Key highlights of the Liberal, Conservative, NDP and Green platforms as they relate to energy and the environment.
October 16, 2019, 6 AM MDT
Tight global supplies and demand growth will result in healthy values for medium and heavy sour crudes, although high sulphur fuel oils will be challenged by the International Maritime Organization’s (IMO) new sulphur limits, an energy forum heard recently.
October 16, 2019, 8:42 AM MDT
Canadian oil supply held largely steady in August at 5.6 million bbls/d, the International Energy Agency (IEA) reported, as higher output of raw bitumen was offset by lower production of synthetic crude.
October 11, 2019, 8:46 AM MDT
Governments across Canada licensed 5,617 new wells in the first nine months of 2019, down 20 per cent from 7,019 permits granted in January-September 2018.
October 9, 2019, 8:07 AM MDT
University of Calgary engineering professor Ian Gates had the industry’s attention with the allure of a way to bypass the pipeline plights in the country.
October 7, 2019, 8:07 AM MDT
October 4, 2019, 7:33 AM MDT
A discussion about the future of Canadian natural resources and climate change must start with fact, Alberta’s energy minister said Wednesday.
October 3, 2019, 12 AM MDT
Cenovus Energy Inc. continues to expand its takeaway capacity and has added volumes in existing pipeline infrastructure while ramping up its crude-by-rail volumes with clear sight to its year-end goal of transporting 100,000 bbls/d by train.
October 3, 2019, 11:05 AM MDT
Cenovus Energy Inc. is “building out the business case” to construct a diluent recovery unit (DRU) at its Bruderheim transloading terminal in Alberta, a project that potentially could allow crude-by-rail to become a more permanent structural component of the company’s transportation strategy.
October 2, 2019, 11:49 AM MDT
October 2, 2019, 11:51 AM MDT
October 2, 2019, 12 AM MDT
Enbridge Inc. must suspend its current open season offering firm service on the Canadian Mainline until the Canada Energy Regulator (CER) has approved all tolls and associated terms and conditions, the regulator ruled today.
September 27, 2019, 3:41 PM MDT
September 27, 2019, 11:19 AM MDT
A group of parcels in the Peace River oilsands helped to power Alberta’s Wednesday land sale.
September 26, 2019, 8:31 AM MDT
Alberta has every right to be proud of the innovation and entrepreneurial prowess that has created, in many ways, a world-leading oil and gas sector. But that success doesn’t give it the right to disregard environmental limits and carry on business as usual in an increasingly climate conscious world, says the founder of Bloomberg New Energy Finance.
September 25, 2019, 7:19 AM MDT
While the Sept. 14 drone strikes on Saudi crude oil facilities gave pause for thought for commodity price forecasters, it’s not yet clear whether the incident will affect prices going forward.
September 24, 2019, 12 AM MDT
The world needs more Canadian energy as global demand continues to ramp up to meet the needs of a growing population, the chief executive of Suncor Energy Inc. said Tuesday.
September 18, 2019, 7:45 AM MDT