The discount on Western Canadian Select (WCS) versus the U.S. West Texas benchmark has been widening into the mid-teens, but it will likely have to widen into the $20s to trigger crude-by-rail in a bigger way to help clear bbls, a conference heard on Wednesday.
May 16, 2019, 8:07 AM MDT
May 16, 2019, 8:18 AM MDT
The Canadian Association of Petroleum Producers (CAPP) has welcomed the decision of the Senate standing committee on transportation to defeat Bill C-48, the Oil Tanker Moratorium Act, and recommend the federal government drop the bill entirely.
May 16, 2019, 8:46 AM MDT
May 13, 2019, 9:22 AM MDT
MEG Energy Corp.’s two-pronged egress strategy and dramatically improved differentials helped it attain first quarter bitumen realization of $50.21/bbl, the highest achieved by the company in the last four years.
May 7, 2019, 11:12 AM MDT
Source Energy Sources Ltd. will soon be shipping crude-by-rail from its Wembley terminal in northwest Alberta.
May 3, 2019, 10:02 AM MDT
Baytex Energy Corp. says crude-by-rail will remain an integral part of the company’s egress and marketing strategy for its heavy oil production and the company plans on layering in more contracts as the year unfolds.
May 3, 2019, 10:15 AM MDT
To cancel the recently signed contracts with Canadian National Railway (CN) and Canadian Pacific Railway (CP) or not, that’s the question newly-installed Premier Jason Kenney must now answer.
May 1, 2019, 6:54 AM MDT
Imperial Oil Limited president and CEO Rich Kruger was again unequivocal about his company’s opinion about Alberta’s mandated production cuts: it was the wrong move.
April 26, 2019, 12:02 PM MDT
Imperial Oil Limited will ramp-up spending on the Aspen project when the timing and conditions are right.
April 26, 2019, 3:26 PM MDT
Industry is likely to increase crude by rail volumes on its own should incoming Premier Jason Kenney follow through on his plan to cancel the government rail agreements put in place by Rachel Notley, executives with Cenovus Energy Inc. said on Wednesday morning.
April 24, 2019, 11:14 AM MDT
Canadian Pacific Railway Limited is getting ready to ship more crude-by-rail starting in July as part of its deal with the Alberta government.
April 24, 2019, 10:20 AM MDT
Canadian crude-by-rail exports plunged in February to 130,564 bbls/d in February 2019, down from 325,499 bbls/d the previous month, according to new figures from the National Energy Board (NEB) released late this morning.
April 24, 2019, 11:54 AM MDT
Crude-by-rail volumes are expected to ramp up this summer as Alberta production curtailments are lifted and the differential starts to return to fundamental levels, a seminar on price differentials heard Wednesday.
April 11, 2019, 10:24 AM MDT
The federal government’s proposed oil tanker moratorium on British Columbia’s north coast is not a ban on tankers rather a “ban on Alberta resources,” a Senate committee studying Bill C-48 heard on Tuesday.
April 9, 2019, 11:29 AM MDT
Canadian oilsands producers will need more than pipelines over the next five years to address the challenges of market access as export pipelines continue to face in-service delays, a Canadian National Railway Company executive said Thursday.
March 22, 2019, 7:21 AM MDT
New data from the National Energy Board (NEB) shows that Canadian crude-by-rail exports fell in January 2019 following a string of records.
March 22, 2019, 11:30 AM MDT
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