Canadian crude-by-rail loads increased for the second month in a row in April, according to statistics released by the National Energy Board (NEB).
June 21, 2019, 10:26 AM MDT
The Notley government’s crude oil curtailment program, backed by the opposition United Conservative Party, to reduce a glut of oil in storage in Western Canada and bolster catastrophic regional prices, was to run from January to December of this year. The program’s sunset clause was predicated on Enbridge Inc.’s Line 3 Replacement project coming online in late 2019, adding 370,000 bbls/d of incremental pipeline capacity out of the region.
June 20, 2019, 10:01 AM MDT
Conservative Quebec MP says not everyone in Quebec is fighting pipelines.
June 18, 2019, 8:32 AM MDT
June 17, 2019, 7:26 AM MDT
June 7, 2019, 7:10 AM MDT
June 7, 2019, 6:56 AM MDT
June 6, 2019, 6:38 AM MDT
June 5, 2019, 11:15 AM MDT
June 5, 2019, 11:22 AM MDT
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