Alberta ///

Rail trouble strikes Canada’s oil patch with disrupted shipments

Canadian oil shipments are getting snarled once again as protesters block train lines in the latest setback to the nation’s rail-dependent crude industry that was struck by a blazing derailment just last week.

Coronavirus impedes Alberta’s drive to reach oil markets in Asia

The coronavirus is hampering the Canadian oil industry’s efforts to build relations with crude buyers in Asia.

Canadian oil surges on inventory draw and a price pledge from Alberta’s premier

Canadian crude rebounded from a one-year low after inventories fell and Alberta’s premier pledged to defend prices.

Ovintiv faces investor test on shale after rebranding from Encana

Now based in Denver, Ovintiv Inc. will update investors Wednesday on its progress for the shale oil assets in Oklahoma it amassed after the $5.5 billion acquisition of Newfield Exploration Co. in 2018.

The last barrel

Craig Fleming, World Oil

Hope for the Canadian oil industry?

Cold blast freezes Canadian oil sands solid, forcing lower prices

Temperatures of -30 degrees Celsius (-22 Fahrenheit) and lower have descended on Alberta and Saskatchewan -- cold enough to render the region’s viscous oil rock solid.

Gardner Denver field trials new Thunder 5000 HP Quintuplex pump

Gardner Denver Petroleum & Industrial Pumps has entered into a six-month field trial of its new Thunder 5000 HP Quintuplex pump, at STEP Energy Services in Alberta, Canada.

Canadian gas prices rise after new pipeline rules dampen volatility

Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change on a key Alberta pipeline system last year helped better manage flows of the fuel.

Canadian crude-by-rail shipments ready to surge, spurring new investment

Crude-by-rail capacity in Alberta is expected to grow by 100,000 bpd in December after the provincial government eased production limits for oil transported by train, the Energy Ministry said Wednesday.

Chevron’s LNG exit adds to roster of companies walking away from Canadian energy

The U.S. oil giant called time on its Kitimat LNG plant on Wednesday, saying it plans to sell its 50% stake and that the project “will not be funded by Chevron and may be of higher value to another company.”

Oil sands producers curtail spending amid production limits, export challenges

Capital spending in Canada’s oil-sands reserves look set to continue to dwindle as pipeline bottlenecks persist and the Alberta government’s production limits remain in place.

Canada rail strike ends, restoring shipments Wednesday morning

A week-long rail strike that halted shipments of oil and other goods across Canada, threatening to take a multibillion-dollar bite out of the economy, is over.

Two Canadian rail terminal owners unable to take any more oil amid strike

Canada’s oil patch will start feeling the full force of Canadian National Railway Co.’s worker strike by as early as Sunday, with two crude-by-rail terminal operators unable to receive any more oil deliveries.

Canadian heavy crude weakens as rail strike halts shipments

The price of Canadian heavy crude weakened Tuesday as a worker strike at the nation’s largest railway curbed oil shipments, exacerbating a supply glut that’s crippled Canada’s oil industry.

Repsol looks to Alberta to replace Mexican and Venezuelan oil

Repsol SA is looking as far away as Western Canada for oil for its European refineries amid dwindling supplies from Mexico and Venezuela.

Alberta loosens oil curbs by exempting new conventional wells

Alberta loosened crude-oil production limits for the second time in two weeks, exempting new conventional wells from output caps in a bid to spur drilling and boost employment.

Alberta loosens oil output limits via railroad allowances

The move is a boon to explorers constrained by the curtailment program imposed this year to stave off a collapse in western Canadian heavy crude prices brought on by a lack of pipeline space.

New UL Edmonton customer service center and laboratory accelerates manufacturing and supply chain safety

The facility addresses full-service safety and environmental solutions for the oil and gas industry and equipment installed in potentially explosive atmospheres with an expanded footprint marking UL's 99-year presence in Canada.

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.