The hard hit western Canadian oilsands industry has seen some rays of sunshine in recent weeks, after suffering a downpour over much of the past six years. Unfortunately, this is no more than the calm before a far more powerful storm. As a result, oilsands producers should use this respite to better position themselves for long-term survival, not party like it’s New Year’s Eve 2013.
December 22, 2020, 6 AM MST
Enbridge Inc. has failed to demonstrate a long term risk of declining volumes on the Canadian Mainline due to completion of Keystone XL and the Trans Mountain expansion, which it has argued is a major reason to seek approval for contract transportation service, says a group of Canadian shippers.
December 22, 2020, 6 AM MST
After climbing in August and September, Canadian crude-by-rail exports dipped slightly in October, new data from the Canada Energy Regulator (CER) show.
December 22, 2020, 10:08 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Dec. 22, 2020, as reported this morning by Rig Locator.
December 22, 2020, 11:37 AM MST
December 22, 2020, 11:08 AM MST
Enbridge Inc. says it has resumed work on its Line 3 replacement project in Minnesota after an accident Friday (Dec. 18, 2020) involving a contractor at a construction yard in Hill City.
December 22, 2020, 10:45 AM MST
December 22, 2020, 12 AM MST
December 22, 2020, 8:05 AM MST
Acceleware Ltd. says that a second major oilsands producer has agreed to provide financial and technical support for the commercial-scale pilot test of its RF XL radio frequency heating system at Marwayne.
December 22, 2020, 6:23 AM MST
Tamarack Valley Energy Ltd. closed two strategic acquisitions, which establish a significant consolidated and operated position in the Clearwater oil play in the Greater Nipisi area, along with interests in the Jarvie area of Alberta, for a total net purchase price of $74 million, after deducting the proceeds from the sale of a two per cent newly created gross overriding royalty on a select portion of the acquired properties.
December 22, 2020, 4:41 AM MST
Gibson Energy Inc. has closed the previously announced offering of $250 million of 5.25 per cent fixed-to-fixed rate subordinated notes due Dec. 22, 2080.
December 22, 2020, 7:54 AM MST
December 22, 2020, 7:48 AM MST
December 22, 2020, 7:55 AM MST
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