The Daily Oil Bulletin launched this week a new dashboard that tracks North American movements of crude by rail.
March 14, 2019, 9:02 AM MDT
MEG Energy Corp. says that its goal of generating free cash flow in 2019 remains intact despite the challenging commodity price environment in the fourth quarter that reduced its cash operating netback by 83 per cent compared to the previous year.
March 8, 2019, 10:12 AM MST
March 7, 2019, 7:41 AM MST
Baytex Energy Corp. is currently transporting about 11,000 bbls/d or 40 per cent of its total heavy oil production by rail and would like to increase that to about 50 per cent, the company’s chief executive said today.
March 6, 2019, 11:39 AM MST
Basic fundamentals support the Alberta government’s plan to spend $3.7 billion over the next three years to increase rail takeaway capacity as a worthwhile and profitable venture, says Premier Rachel Notley.
February 20, 2019, 12 AM MST
Canadian crude-by-rail exports ended the year on a high note, surging again to a record high.
February 20, 2019, 10:26 AM MST
An estimated incremental 20,000 bbls/d of Alberta oil will be moving to market by rail as early as July 2019 in a deal between Canadian Pacific Railway Limited, Canadian National Railway Company and the Alberta government, Premier Rachel Notley said today.
February 19, 2019, 1:19 PM MST
February 19, 2019, 3:52 AM MST
Curtailments and delayed drilling projects may have battered the Mullen Group Ltd.’s oilfield services segment but the company’s chairman says there’s a silver lining.
February 8, 2019, 10:36 AM MST
The U.S. has announced economic sanctions that effectively stop imports of Venezuelan oil. This leaves the complex refineries in Texas and Louisiana scrambling to find substitutes for the Venezuelan heavy oil they consume.
February 6, 2019, 5:56 AM MST
Imperial Oil Limited was ramping up its crude-by-rail activity even faster than expected at the end of 2018, with the company responsible for approximately half of total volumes moving out of Western Canada. But in a dramatic shift, Imperial says it is now rapidly ramping down, and expects to reach zero bbls moving by rail this month.
February 1, 2019, 11:24 AM MST
Canada’s largest rail company’s shipments of energy-related commodities helped fast track the company to one of the best quarters in seven years.
January 30, 2019, 9:26 AM MST
Canadian Pacific Railway Limited recently struck a multi-year agreement with Suncor Energy Inc. on the heels of a record quarter thanks in part to increased demand to move crude out of Alberta.
January 25, 2019, 10:26 AM MST
January 25, 2019, 10:59 AM MST
New data from the National Energy Board (NEB) shows Canadian crude oil exports by rail hit another record in November 2018.
January 24, 2019, 1:17 PM MST
January 22, 2019, 8:33 AM MST
January 18, 2019, 9:12 AM MST
A new strategy to improve moving oil rig equipment and other large loads across Alberta’s high load corridor on the provincial highway network is in the works.
January 8, 2019, 9:58 AM MST
January 7, 2019, 10:26 AM MST
January 2, 2019, 12 AM MST
Producers are turning to rail to move crude to market as a short-term fix to the long-term problem of insufficient pipeline capacity, with no signs of slowing down.
December 31, 2018, 8:11 AM MST
December 31, 2018, 10 AM MST
As the differential remains historically wide, and pipeline capacity tight, Canadian crude-by-rail exports continue surging.
November 22, 2018, 12 AM MST
November 12, 2018, 11:22 AM MST
Imperial Oil Limited is a major contributor to surging crude-by-rail traffic out of the Western Canada Sedimentary Basin. The company is working towards utilization of “every bit” of the 210,000 bbl/d loading capacity at its Edmonton terminal, CEO Rich Kruger said on Friday.
November 2, 2018, 11:24 AM MDT