Alberta ///

Canadian heavy oil falls as Alberta crude-by-rail deal nears

Canadian heavy oil prices have weakened ahead of an anticipated announcement that Alberta will ease production limits in exchange for shipping more crude by rail.

Universal mCloud launches new 3D digital twin capabilities with first customer engagements

This solution enables mCloud to take advantage of high-precision 3D laser scanners to create digital replicas of facilities along with a suite of capabilities designed to use these 3D models to streamline field work, minimize facility downtime, and eliminate unnecessary field visits.

SPE pursues dynamic agenda at this year’s ATCE in Calgary

ATCE is kicking off this morning with a particularly dynamic session, entitled, “Positively Impacting the World Through Responsible Energy Development.” Moderated by Ms. Eithne Treanor, the session consists of a panel comprising four executives in the oil and gas industry.

Court blocks Alberta’s move to cut off oil flow to British Columbia

A Canadian federal court on Tuesday blocked an Alberta law that would have allowed the oil-producing province to cut or reduce fossil fuel shipments to its neighbor amid a dispute over the planned expansion of the Trans Mountain Pipeline.

Clariant Oil Services launches WAXTREAT SubZero Pour Point Depressant technology for cold climate regions

WAXTREAT SubZero is a winterized PPD with customization capabilities, enhancing performance, while mitigating paraffin build-up, in crude oil pipeline systems, at the same time reducing OPEX requirements associated with pipeline cleaning.

Saudi disruption leaves Canada’s biggest refinery vulnerable

Nearly all of the kingdom’s oil shipments to Canada travel to New Brunswick, home to a single refinery, Irving Oil Ltd.’s Saint John plant, which can process about 299,000 bpd. The refinery relied on Saudi crude for more than 40% of its supplies in July, Statistics Canada data show.

As oil gets volatile, Alberta goes on offensive to draw investors

Alberta Premier Jason Kenney, whose province produces more oil than most OPEC nations, has a message for environmentalists, investors and anyone else who will listen: The world needs more Canadian crude, and standing in the way is foolish.

Alberta’s government sees production curtailment exemptions possible

Alberta Premier Jason Kenney says it’s likely his government will allow oil producers to exceed their provincially imposed output caps if they can ship those extra barrels by rail.

Hatch acquires Upside Engineering

Hatch announced that Upside Engineering Ltd. has joined Hatch Ltd., bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established firm that specializes in midstream hydrocarbon business.

Encana promotes new president, other key leadership roles

Encana Corporation announced changes to its executive leadership team, including the promotion of Michael McAllister to president, Brendan McCracken to executive vice president – corporate development and external relations and Greg Givens to chief operating officer. These changes are effective immediately.

Encana to buy back $213 million of its shares

Encana Corporation has completed its bid purchase for cancellation 47,333,333 of its common shares for approximately US$213 million.

Canadian regulators, producers scrutinize Enbridge’s oil-shipping plan

Enbridge’s proposed shift to long-term crude shipping contracts on its Mainline pipeline network is drawing the ire of a growing number of producers, and now Canada’s energy regulator is getting involved, which could delay the process.

Foreign oil firms bailing on Canada in $30 billion exodus

Capital keeps marching out of Canada’s oil industry, with Kinder Morgan’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years.

Hong Kong billionaire’s Husky bet loses over 80% in a decade

Hong Kong billionaire Li Ka-shing’s oil sands investment is hurting -- and some analysts are calling on him to stop the bleeding.

Cenovus Energy reaches production milestone in northern Alberta

Cenovus Energy Inc. has announced that on July 10, 2019, the company reached 1 Bbbl of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce 1 Bbbl of oil using steam-assisted gravity drainage (SAGD) technology.

Emotions remain high in Alberta’s oil and gas sector

It’s been two days now, since a large crowd gathered in the outdoor exhibit area of the Global Petroleum Show (GPS), at Calgary’s Stampede Park, to participate in a pro-pipeline, pro-oil rally.

Alberta’s Kenney offers Canadian industry optimism

Speaking to the 51st annual Global Petroleum Show in Calgary on Tuesday, Alberta Premier Jason Kenney tried to paint a picture of a brighter future for a Canadian E&P industry weary after several years of depressed activity.

World of oil and gas

Emily Querubin, World Oil

Several months ahead of schedule, Shell Offshore Inc., a Royal Dutch Shell subsidiary—alongside partner CNOOC Petroleum Offshore SA, Inc., a subsidiary of CNOOC Limited—has begun producing at its Appomattox floating production system.

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