Thursday, July 25, 2024

Northern Alberta News

TC Energy: North Dakota Spill Shutters Keystone pipeline

AdobeStock / © Maksym Yemelyanov

Oct 30 (Reuters) - TC Energy Corp said on Wednesday it is shutting its Keystone crude pipeline after a late Tuesday oil spill in North Dakota.The company said it detected a drop in pressure on Tuesday night on its 590,000-barrel…

Part of Keystone Pipeline Still Shut After Missouri Leak -TransCanada

TransCanada Corp said on Monday a part of its Keystone crude pipeline from Steele City, Nebraska, to Patoka, Illinois, remained shut after a leak was discovered in the St. Louis, Missouri, area last week.The cause and source…

Suncor sees 13% rise in fourth-quarter upstream output

(Photo: Suncor Energy)

Suncor Energy Inc said on Monday it expects total upstream production to rise by about 13 percent in the fourth quarter of 2018, helped by higher output from its majority-owned Syncrude oil project in northern Alberta.The company expects total upstream production of 831,000 barre

Cenovus Sees Crude Differentials to Ease Out by Mid-2019

Photo: Cenovus Energy Inc

Canadian oil and gas producer Cenovus Energy Inc expects the spread between Western Canadian Select (WCS) and U.S. benchmark Crude (WTI) to "significantly" ease out by mid 2019, Chief Executive Officer Alex Pourbaix said on a call.Cenovus also expects crude by rail to reach 300…

Why Canada is the Next Frontier for Shale Oil

File photo: Suncor Energy Inc.

The revolution in U.S. shale oil has battered Canada's energy industry in recent years, ending two decades of rapid expansion and job creation in the nation's vast oil sands. Now Canada is looking to its own shale fields to repair the economic damage.

MEG Energy Expects to Produce More Oil in 2018

Photo: MEG Energy

Canadian oil sands producer MEG Energy Corp said on Friday it expects higher production in 2018, compared to its 2017 forecast. The company expects to produce 85,000 to 88,000 barrels per day (bpd) next year, compared to its 2017 forecast of 80,000 to 82,000 bpd.

Total CEO: No Hurry to Shed Oil Sands Assets

Total CEO Patrick Pouyanne said on Monday that the company was not in a hurry to "diversify" (sell) high break-even assets such as oil sands. Pouyanne told analysts during a call that the company would wait until oil prices rise before selling the assets.

ConocoPhillips Trims CapEx After Quarterly Loss

ConocoPhillips slashed its 2017 capital spending by 4 percent on Thursday, the latest U.S. oil and natural gas producer to do so in reaction to depressed crude prices. Conoco and its peers had mapped out ambitious capital spending programs for 2017 early in the year…

Fire Extinguished at Syncrude Oil Sands Plant

A small fire broke out in a sulphur emissions reduction unit at the Syncrude oil sands plant in northern Alberta on Monday morning and was extinguished within two hours with no injuries to workers, a Syncrude spokesman said.

Innovators Toil to Revive Canada Oil Sands

In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands.

Canada Government, Industry to Collaborate on Clean Tech

The Canadian and Alberta governments and three energy companies said on Thursday they will spend C$70 million ($51.14 million) to develop three new clean technology projects, aimed at cutting costs and carbon emissions in the country's oil sands.

Suncor to Grow Oil Sands as Oil Majors Flee

Even as the world's largest energy companies exit Canada's high-cost oil sands the country's top producer Suncor Energy is lining up its next phase of growth in the world's third largest crude reserves. The preliminary plans…

Suncor to Apply to Build New Oil Sands Project

Suncor Energy Inc , Canada's largest oil and gas producer, said on Monday it plans to submit an application to regulators for a new thermal oil sands project later this year, which could eventually produce up 160,000 barrels per day.

Suncor Evaluates Potential Oil-sand Deals as Majors Exit

Photo: Suncor Energy Inc.

Suncor Energy, Canada's largest energy producer, is still evaluating opportunities for oil sands acquisitions in northern Alberta as foreign oil majors exit the high-cost region, Chief Executive Steve Williams said on Thursday.

Alberta Crude Oil Leak Came from Inter Pipeline System

A crude oil leak in central Alberta's Strathcona County on Friday afternoon came from Inter Pipeline Ltd's Cold Lake regional pipeline system, the company said in a statement on Monday. Calgary-based Inter Pipeline has isolated…

ConocoPhillips cuts Surmont Oil Sands Output by 40 pct

ConocoPhillips has cut output from its Surmont oil sands project by about 40 percent due to shortages of synthetic crude in northern Alberta, two market sources said on Thursday. Surmont, a 140,000 barrel-per-day (bpd) capacity…

ConocoPhillips: Syncrude Outage Affecting Output

A production shutdown at the Syncrude oil sands facility in northern Alberta has impacted output from ConocoPhillips' Surmont thermal plant, helping push heavy Canadian crude prices to their narrowest discount in nearly two years.

Syncrude Oil Sands Project Cuts April Production to Zero

The Syncrude oil sands project in northern Alberta has cut its production to zero for all of April following a fire last month, three market sources said on Monday. Syncrude, which is majority-owned by Suncor Energy, previously…

Workers Return to Alberta Oil Sands after Fire

The "vast majority" of workers at Syncrude's oil sands plant in northern Alberta had returned to work on Wednesday after a fire the previous day, said a company spokesman who declined to say whether production at the facility had been affected.

ConocoPhillips Sheds Canadian Oil & Gas Assets

ConocoPhillips on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc for C$17.7 billion ($13.3 billion), making it the latest international oil major to pull back from a region where…