Alberta ///

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

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.

Canada's rig count plunges by more than half in two weeks

Where have all the rigs gone?

Canada offers producers $1.1 billion in aid, Alberta sniffs dismissively

The Canadian government announced $1.1 billion (C$1.5 billion) in loans for the oil and gas sector, as well as some government funding for unspecified projects, after a supply glut sank heavy crude prices to as low as $13.46/bbl last month.

Alberta works to buy crude rail cars amid record low oil prices

Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices for its energy products.

New rail cars aren't short-term fix for oil crunch, Canadian financial minister says

Canadian Finance Minister Bill Morneau is signaling he won’t cough up money for new rail cars to ship Alberta oil, saying it would take months and wouldn’t solve the current price collapse.

Alberta eyes help for energy industry in Canadian crude rout

Alberta Premier Rachel Notley said the province may soon announce more plans to help the local energy industry reap more value from its resources amid a slump in Canadian crude prices.

Cenovus signs oil-by-rail deals amid Canada pipeline pinch

Cenovus Energy Inc. signed deals to transport about 100,000 bpd of heavy crude by rail to the U.S. Gulf Coast from Alberta as a pipeline bottleneck depresses Canadian oil prices.

Total divests interest in Joslyn oil sands project in Alberta

Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of C$225 million.

First oil

Kurt Abraham, World Oil

Canada’s E&P sector still trying to regain traction

Petrolia Energy acquires interest in oil and gas properties in Southwest Canada

Petrolia Energy Corporation is pleased to announce that it has acquired a 25% working interest in the Luseland, Hearts Hill, and Cuthbert fields, located in Southwest Saskatchewan and Eastern Alberta, Canada.

Canadian oil has record day after Enbridge scraps new rules

Canadian crude surged by the most ever after Enbridge Inc. said it won’t implement a new procedure to stop shippers from claiming more space than they can use on a key pipeline linking Alberta’s oil sands with U.S. refineries.

Alberta looks beyond oil as crash leaves balanced budget far off

Alberta is looking beyond its oil industry as it works to end years of red ink. Still, a recovery to balanced budgets is a long ways off.

Hexion completes Canadian proppant manufacturing plant expansion

The Oilfield Technology Group (OTG) of Hexion Inc. today announced the completion of its resin-coated proppant manufacturing plant expansion in Canada.

Energy slump is still holding back Canada's investment plans

Canadian business investment is being weighed down for a fourth straight year by weakness in Alberta’s energy industry.