Canadian oil output is estimated to have fallen by only 120,000 bbls/d month-on-month in June, despite extensive reported maintenance and an outage at the Syncrude upgrader, according to the International Energy Agency (IEA) in its monthly report on the oil market released this morning.
August 10, 2018, 2:40 AM MDT
August 10, 2018, 3:30 AM MDT
Gibson Energy Inc. president and CEO Steve Spaulding expressed confidence in the future of the oilsands, and for tankage demand, after yesterday announcing the sanction of one million bbls of new tankage at the Hardisty Terminal.
August 9, 2018, 8:34 AM MDT
August 9, 2018, 2:48 AM MDT
August 8, 2018, 2:58 AM MDT
Enbridge Inc. expects to be able to start construction of the Line 3 replacement project in Minnesota during the first quarter of next year and to meet its in-service target date for the second half of 2019, says the company’s chief executive.
August 3, 2018, 11:58 AM MDT
August 3, 2018, 4:10 AM MDT
August 3, 2018, 11:47 AM MDT
MEG Energy Corp. may have contracted capacity on pipelines to the U.S. Gulf Coast, but it’s having trouble using it due to a full Enbridge Inc. Mainline out of Canada.
August 2, 2018, 10:31 AM MDT
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