The Alberta government has adjusted the way it is applying its mandatory oil production curtailment in the first quarter following industry feedback.
January 15, 2019, 10:57 AM MST
The active rig count in Western Canada surged this week after falling below 100 during the holiday period, but it is starting the year at a much lower active rate when compared to the two previous new years.
January 4, 2019, 8:03 AM MST
One of the two major SAGD growth projects slated to come online this year could be delayed as a result of Alberta’s oil curtailment.
January 3, 2019, 12 AM MST
Eagle Energy Inc. has entered into a limited forbearance agreement with its lenders
January 3, 2019, 4:21 AM MST
January 3, 2019, 8:30 AM MST
It's a new year in the oilsands, and while this list of important developments to watch isn’t about major growth, the industry may be embarking on step-change.
January 2, 2019, 7:36 AM MST
January 2, 2019, 3:30 AM MST
January 2, 2019, 3:35 AM MST
CNOOC Limited announced that the Egina Field, located in deepwater offshore Nigeria, has commenced production.
January 2, 2019, 4:28 AM MST
After reviewing the submissions made to the Alberta Energy Regulator’s Production Curtailment Issues Panel and considering the advice of the panel, the government of Alberta has decided to amend the curtailment rules.
December 31, 2018, 10:26 AM MST
In September 2018, the amount of crude oil available for export exceeded available pipeline capacity by an estimated 202,000 bbls/d, according to a new report by the National Energy Board (NEB).
December 28, 2018, 8:44 AM MST
Blackbird Energy Inc. achieved a record average total production of 1,736 boe/d comprised of 47 per cent liquids during its fiscal first quarter ended Oct. 31.
December 24, 2018, 8:30 AM MST
October 2018 production for Altura Energy Inc. reached 2,053 boe/d, exceeding 2018 exit production guidance two months early.
December 24, 2018, 7:15 AM MST
Alberta Energy has finalized the curtailment consolidation and transfer of allocations process where operators can consolidate or transfer their curtailment allocations in order to meet their curtailment requirements.
December 21, 2018, 3:49 AM MST
After years of work, both of Husky Energy Inc.’s Alberta SAGD projects are now producing at nameplate capacity.
December 20, 2018, 10:51 AM MST
December 19, 2018, 8:58 AM MST
Gear Energy Ltd. is currently forecasting to exit 2018 with inventories of approximately 40,000 bbls of heavy oil and 10,000 bbls of light oil that are anticipated to be sold in early 2019 at materially higher prices.
December 17, 2018, 6 AM MST
December 17, 2018, 3:29 AM MST
Canadian oil production rose by an estimated 180,000 bbls/d in October to 5.2 million bbls/d, the International Energy Agency (IEA) said in its monthly report on the oil market.
December 13, 2018, 7 AM MST
Alberta’s Department of Energy has heard from operators who have curtailment levels significantly higher than anticipated relative to their recent production, as opposed to the established baseline calculations.
December 12, 2018, 1:28 PM MST
December 12, 2018, 4:21 AM MST
The Alberta Energy Regulator (AER) has worked with the Government of Alberta to establish a production curtailment issues panel.
December 11, 2018, 6 AM MST
December 11, 2018, 10:28 AM MST
December 11, 2018, 4:41 AM MST
The new Fort Hills oilsands mine will be hit hardest of Alberta projects and operators as mandated production cuts take effect in Q1/2019, according to new estimates from Peters & Co. Limited.
December 10, 2018, 10:57 AM MST