Canada ///

Canadian heavy crude slips as pipeline rationing set to rise

Heavy Canadian crude prices widened to the biggest discount against New York futures this year as pipeline-operator Enbridge reported that rationing on its heavy oil lines would increase next month.

Alberta expects $1.7 billion profit from crude-by-rail operation

Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture.

TransCanada denied request for some Keystone XL preparations

TransCanada Corp. was partly denied a request to continue some pre-construction work on the Keystone XL oil pipeline while a dispute over the project’s environmental review wends its way through the courts.

Cenovus forges ahead on rail plans as Canadian peers dial back

Cenovus Energy Inc. is forging ahead with plans to expand its rail shipments of crude to U.S. refiners, even as some peers dial back, in a bet that pricing for Canadian heavy crude will soon shift to make those shipments more economical.

Canada expects a quiet, flat year for E&P activity

Robert Curran, Contributing Editor

A year ago, things appeared to be looking up for Canada’s oil patch, but that proved unfounded. In early 2019, more uncertainty and pessimism are in the air, and little on the horizon provides hope for improvement.

ConocoPhillips’ Greg Leveille sees rapid trajectory of technical advancement continuing

Kurt Abraham, World Oil

In an exclusive interview with World Oil Editor-in-Chief Kurt Abraham, ConocoPhillips Chief Technology Officer Greg Leveille discusses the technical issues facing global E&P, particularly as relates to the many U.S. unconventional plays

Alberta's would-be leader vows to drop gloves in fight over oil

Canada’s oil sector may soon get a more combative advocate in the Alberta premier’s office.

TransCanada says Keystone Pipeline is likely source of oil spill

TransCanada Corp. said its Keystone pipeline, which carries Canadian crude to the U.S., was likely the source of an oil spill in Missouri that prompted the company to shut a segment of the line.

Suncor sees Alberta oil cuts ending early as prices over-correct

Suncor Energy Inc. CEO Steve Williams said he expects Alberta’s mandated oil-production cuts to end earlier than planned after the program boosted heavy crude prices so much that it made purchases unprofitable for U.S. refiners.

Trump's refiner squeeze: Venezuela sanctions, keystone failure

U.S. refiners are eager to buy Canadian heavy crude to replace supplies they had been importing from Venezuela that are now blocked by Trump administration sanctions.

U.S. challenges court ruling that blocked Keystone XL Pipeline

The Trump administration is appealing a federal court in Montana’s decision to block TransCanada Corp.’s $8 billion Keystone XL crude pipeline project.

Saturn Oil & Gas has commenced drilling of 10-well Viking horizontal program

Saturn Oil & Gas Inc. has announced the commencement of its first quarter/second quarter 2019 drill program, Jan. 14, 2019.

PSAC forecast update shows deteriorating investor confidence

In its first update to the 2019 Canadian Drilling Activity Forecast, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2019 to 5,600 wells.

Benefits of Alberta's oil curtailment program fading

The sugar high from Alberta’s crude curtailment program may be wearing off.

Canadian oil sand producers throw new tech at old foe

In their quest to make one of the most expensive methods of producing crude more profitable, Canada’s oil-sands companies have been ramping up efforts to get their thick bitumen to flow through pipelines more easily and cheaply.

MEG eyes spending cut, board shakeup after Husky's bid fails

Fresh off defeating a hostile takeover bid, Canadian oil-sands producer MEG Energy Corp. is slashing capital spending and reviewing the makeup of its board.

Enbridge oil pipeline rationing eases little after curtailment

A month into Alberta’s mandatory oil curtailment and rationing on the country’s biggest heavy-crude export pipeline system has eased, but very little.

Canadian oil surge fails to lift producers out of the doldrums

Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help.

Husky Energy soars because investors love a failure

For Husky Energy Inc., it may not be the shots you make that matter so much as the ones you miss.

Canadian indigenous groups mull pipeline deal to ease oil glut

CALGARY (Bloomberg) -- The Trans Mountain crude pipeline that Prime Minister Justin Trudeau’s government bought from Kinder Morgan last year is getting interest from some indigenous groups hurt by Canada’s oil price crunch.