Post Tagged with: "Oil Sands"

Hi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results

Hi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results

HOUSTON, Feb. 19, 2020 (GLOBE NEWSWIRE) — Hi-Crush Inc. (NYSE: HCR) (the “Company”), a fully-integrated provider of proppant logistics solutions, today reported fourth quarter and full year 2019 results. Revenues during the fourth quarter of 2019 totaled $125.5 million compared …

Source: Keystone-XL

Court Affirms Alternative Keystone XL Oil Pipeline Route Through Nebraska

From Reuters


A court in Nebraska on Friday affirmed an alternative route through the Midwest state for TC Energy Corp’s Keystone XL oil pipeline in the latest chapter in the nearly 10-year legal fight over the Canada to Texas pipeline.…

Source: Canadian Oil Sands Ltd.

Oil Sands Work May Do What Curtailments Haven’t: Cut Stockpiles

From Bloomberg

Maintenance at oil-sands mines may achieve what Alberta’s mandatory production curtailments have so far failed to accomplish: drain Western Canada’s storage tanks.

Inventories in the region were 34 million barrels the week before last, Richard Kruger, Imperial Oil

April 30, 2019 - 3:56 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
Plastic, Pipes, LNG: Canadian Gas Rushes to Avoid Oil Sands Fate

Plastic, Pipes, LNG: Canadian Gas Rushes to Avoid Oil Sands Fate

From Bloomberg

As Canada’s oil producers limp along, hamstrung by pipeline bottlenecks that have hurt prices for their crude, the nation’s gas industry is working on a flurry of export and chemicals projects to avoid the same fate.

Canada’s natural …

March 19, 2019 - 3:40 pm Canada, Closing Bell Story‎, Energy News, LNG, Natural Gas News
Source: Canadian Oil Sands Ltd.

Canadian Oil Sands: Producers Weigh In On Curtailments, Historically High Differentials, Transporting Oil Out

Q4 earnings caps a wild quarter
By Richard Rostad, analyst, Oil & Gas 360

Two major Canadian oil sands producers, Canadian Natural Resources (ticker: CNQ) and Meg Energy (ticker: MEG) held conference calls late this week, providing a glimpse of

Source: Energybc.ca

Delivering Game Changing Environmental Performance: ‘More Canadian Oil and Gas on the Global Market will Reduce GHG Emissions’ – CNQ Exec. Vice Chairman

“It’s not 2009 anymore”
By Richard Rostad, analyst, Oil & Gas 360

The Canadian oil sands have often been criticized as a particularly environmentally unfriendly source of oil, but Canadian Natural Resources (stock ticker: CNQ) disagrees.

CNQ’s Executive Vice Chairman

Oil Sands Rebound in 2019 Hinges on Rail, Output Cuts, Pipeline

Oil Sands Rebound in 2019 Hinges on Rail, Output Cuts, Pipeline

From Bloomberg

The Canadian oil industry could be in for another turbulent year in 2019, depending on how some pivotal events pan out.

Government-mandated production cuts and the potential startup of a key crude pipeline are among key developments to …

December 27, 2018 - 12:29 pm Canada, Closing Bell Story‎, Crude Oil News, Energy News
When Will Canadian Oil Production Be Competitive?

When Will Canadian Oil Production Be Competitive?

“The competition for capital investment in the global marketplace is fierce and Canada is losing,” Canadian Association of Petroleum Producers (CAPP) CEO Tim McMillan said in a statement this week.

McMillan said that a lack of regulatory clarity, and the …

Lack of Pipelines Will Cost Canadian Energy Sector $15.8 Billion in 2018: Fraser

Lack of Pipelines Will Cost Canadian Energy Sector $15.8 Billion in 2018: Fraser

Inadequate pipeline capacity to U.S. and no pipelines to move oil to tidewater ports forces Canadian oil to sell at a big discount

Canada’s shortage of pipeline capacity is continuing to drive down the price of Canadian oil and it’s …

Cenovus Expects Full Year Oil Sands Volume to be 364,000-382,000 Barrels Per Day in 2018

Cenovus Expects Full Year Oil Sands Volume to be 364,000-382,000 Barrels Per Day in 2018

Cenovus Energy Inc. (ticker: CVE) posted a net earnings loss from continuing operations of $914 million, or $(0.74) per diluted share for Q1 2018, compared to Q1 2017 recorded a net profit of $211 million, or $0.25 per share.

“The …

Canada’s Energy Sector Faces Rough Waters

Canada’s Energy Sector Faces Rough Waters

Stiff U.S. competition, an inter-province pipeline row prolongs limited export opportunity, and U.S. is its only big export customer

 

With U.S. shale on a tear, imports are dropping

Total U.S. crude production reached 10 MMBOPD in November 2017 and …

Canada Needs Higher Takeaway Capacity and Lower Oil Price Differential

Canada Needs Higher Takeaway Capacity and Lower Oil Price Differential

Canada is hurting for takeaway capacity—the industry needs pipelines to take its oil and gas production to market, or more locomotive hauling capacity—or both.

Cenovus Energy Inc. (ticker: CVE) said it has reduced production rates due to pipeline constraints and …

Canadian Natural Resources Raises $527 Million with Cold Lake Pipeline Sale

Canadian Natural Resources Pays Shell, Marathon $8.24 Billion

 CNQ finalizes acquisition of 70% of Athabasca Oil Sands Project

Canadian Natural Resources Limited (ticker: CNQ) announced today that it has completed the acquisition of 70% of the Athabasca Oil Sands Project.

The remaining 30% of the working interest is …

Canada’s Equity Markets Embrace Energy

Canada’s Equity Markets Embrace Energy

Cenovus announces $3.0 billion bought deal common share financing

Cenovus Energy (ticker: CVE) announced Thursday that the company closed a previously announced $3.0 billion common share financing deal. A total of 187.5 million common shares were sold at a price …

Shell Divests $7.3 Billion Worth of Oil Sands, Ties Executive Bonuses to Carbon Emissions

Shell Divests $7.3 Billion Worth of Oil Sands, Ties Executive Bonuses to Carbon Emissions

Shell exits upstream oil sands operations, but keeps its refineries

Royal Dutch Shell (ticker: RDSA) announced Thursday the signing of two agreements that will see all of the company’s in-situ and undeveloped oil sands interest in Canada old and reduce …

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

Long Vehicle Life Means Oil Consumption Won’t Change Suddenly

96% of new vehicle sales in 2016 featured combustion engines

The implementation of electric vehicles and ride-sharing may have long-term effects on oil demand, but the speed at which changes to the vehicle fleet takes place are likely to ensure …

December 20, 2016 - 6:21 pm Closing Bell Story‎, Oil and Gas 360 Articles, Oil Sands
Oilsands Separation Cell Source: ostseis.anl.gov

Canadian Natural Resources Set to Restart Oil Sands Development

Canadian Natural Resources decides to move forward with the Kirby North project

The entire oil and gas industry has faced a difficult time with low oil prices since late 2014, but perhaps none more than oil sands producers, which were …

Source: Canadian Oil Sands Ltd.

Production Restarting at Canadian Oil Sands

Works are returning to the Canadian oil sands as wildfires move away from production sites

The Alberta government lifted mandatory evacuation orders for the last of the oil sands accommodation and production sites Monday, beginning the process of inspections by …

Athabasca Oil Corporation Resumes Operations at Hangingstone

Athabasca Oil Corporation Resumes Operations at Hangingstone

CALGARY, ALBERTA–(Marketwired – May 24, 2016) – Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) has resumed operations at Hangingstone following a shutdown on May 5th due to the wildfires in the Fort McMurray region. There has been no …

May 24, 2016 - 5:34 pm Canada, Closing Bell Story‎, Energy News
Firefighters Protecting Canada’s Oil Sands are Battling 1,100 C Flames

Firefighters Protecting Canada’s Oil Sands are Battling 1,100 C Flames

From Canadian Safety Reporter/Reuters

EDMONTON/CALGARY, Alberta (Reuters) — Fighting massive forest fires is dangerous and taxing enough, but those sent into Canada’s oil sands are not only wrestling with one of the worst wildfires in the country’s history.

They are …

May 24, 2016 - 5:27 pm Canada, Closing Bell Story‎, Energy News
Source; Edmonton Journal

Oil Prices Up Due to Canada’s Fire, Libya’s War, and Venezuela’s Incompetence

Wildfires burning out of control in Fort McMurray

Fort McMurray, the heart of much of Canada’s heavy oil sands production, has been evacuated due to a wildfire burning out of control in and around the city. The evacuations have forced …

Canadian Oil Sands Production Expected to Increase: EIA

Canadian Oil Sands Production Expected to Increase: EIA

New Canadian oil sands projects are more costly to shut down than continue running

EIA Canadian Oil Sands Production

Despite lower oil prices, Canadian oil sands production is expected to continue growing, and be the main driver behind increased Canadian production as a whole, in …

US$4.5 Billion Deal Reached:  Suncor to Acquire Canadian Oil Sands

US$4.5 Billion Deal Reached: Suncor to Acquire Canadian Oil Sands

SU, COS Come to Terms on Sweetened Offer

After months of posturing and wrestling for shareholder approval, the boards of Suncor (ticker: SU) and Canadian Oil Sands (ticker: COS) have reached a merger agreement.

The joint announcement, released on January …

Canadian Oil Sands Fends off Suncor’s Hostile Bid… For Now

Canadian Oil Sands Fends off Suncor’s Hostile Bid… For Now

Suncor Extends Expiration Date after Unsuccessful Initial Attempt

Canadian Oil Sands (ticker: COS) gets its wish to remain an independent company – at least for the time being.

The hostile takeover attempt by Suncor (ticker: SU) failed to achieve the …

Husky Energy Sanctions Next Phase of 80 MBOPD Modular Heavy Oil Projects

Husky Energy Sanctions Next Phase of 80 MBOPD Modular Heavy Oil Projects

Husky announces approval of 10 MBOPD modular Rush Lake 2 project

Husky Energy (ticker: HSE) announced today that the company sanctioned the Rush Lake 2 project, a 10,000 barrel per day (MBOPD) modular heavy oil thermal project, and the next …

Shell Shuts Down Second Major Project, Streamlines Upstream Operations

Shell Shuts Down Second Major Project, Streamlines Upstream Operations

Shell takes $2 billion impairment with oil sands exit in Canada

Royal Dutch Shell (ticker: RDSA) announced today that the company will not continue construction on its Carmon Creek oil sands project in Alberta. The project was expected to produce …

October 28, 2015 - 3:54 pm Canada, Oil and Gas 360 Articles, Oil Sands
Source: Energybc.ca

Suncor Energy to Acquire Additional 10% Working Interest in Oil Sands Project

Suncor Energy to acquire additional working interest in Fort Hills oil sands project

CALGARY, ALBERTA–(Marketwired – Sept. 21, 2015) – Suncor Energy today announced that it has agreed to purchase an additional 10 per cent working interest in the Fort …

September 21, 2015 - 5:08 pm Canada, Oil Sands
Source: CNOOC

CNOOC to Resume 75% of Oil Sands Production

Alberta regulator calls for partial shutdown at CNOOC project

The Alberta Energy Regulator (AER) recently announced that it would partially lift a suspension order it issued August 28 against China National Offshore Oil Corp (CNOOC, ticker: CEO) subsidiary Nexen Energy …

ConocoPhillips Starts Oil Sands Production

ConocoPhillips Starts Oil Sands Production

ConocoPhillips announces delivery of first oil at Surmont 2

ConocoPhillips (ticker: COP) announced today that it had produced first oil from its Surmont 2 oil sands facility, located in Alberta, Canada. Construction on the project, which is the largest single-phase …

Husky Energy Begins Production at 10 MBOPD Thermal Project

Husky Energy Begins Production at 10 MBOPD Thermal Project

Husky currently has 44 MBOPD of thermal projections operating

Calgary based Husky Energy (ticker: HSE) announced today that production has started up at the company’s latest thermal project in Saskatchewan. First oil at the Rush Lake heavy oil thermal project …

July 17, 2015 - 12:41 pm Canada, Oil and Gas 360 Articles