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
July 6, 2018, 9:10 AM MDT
July 5, 2018, 3:22 AM MDT
July 5, 2018, 8:13 AM MDT
July 4, 2018, 3:09 AM MDT
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