According to a report by Reuters, ConocoPhillips is in talks with investment banks in preparation for the sale of its $2.6 billion stake in Cenovus Energy, a major Alberta oil sands company. Cenovus photo. Cenovus [Read more]
Canadian Natural Resources Ltd, or CNRL, says it will drop its output this spring as bottlenecks in crude transportation in Canada continue to pressure oil prices. CNRL photo. CNRL shares down 2 per cent Thursday [Read more]
Suncor CEO Steve Willimas said he is confident both the Kinder Morgan Trans Mountain and Enbridge Line 3 pipelines will be built. Suncor photo. Suncor CEO says high Canadian discount had no impact on earnings [Read more]
The chief executive of Cenovus Energy says Canadian rail companies have hired and are training crew and are reactivating a number of locomotives to handle increased oil by rail shipments in the second half of [Read more]
Oil sands in situ production uses water for generating steam, requires less than 0.3 barrels fresh water per barrel of oil produced Northern Alberta Institute of Technology (NAIT) is receiving almost $600,000 from Western Economic [Read more]
RF LX downhole heater promises to replace steam for SAGD, lower or eliminate GHG emissions, reduce costs Of all the types of energy news I report, innovation and new technology stories are the most interesting. [Read more]
Replacement for large emitter tax is combination of carbon levy, output-based allocations, $1.4 billion innovation fund After months of consultations and public hints, the Alberta government finally unveiled the Carbon Competitiveness Incentives program. This is [Read more]
Full upgrading is a bust, new refineries are too risky, and converting existing refineries is constrained by US shale oil supplies Albertans should stop pining for more refining and upgrading of Alberta oil sands bitumen [Read more]
Trump Administration can’t ignore significant economic benefits Canadian oil/gas generates in United States Canada will sit at the table to re-negotiate NAFTA with the United States in the near future and energy is expected to [Read more]
Alberta oil sands costs are $30-40/b, compared to $50 break even for most US shale producers The prevailing wisdom in Alberta is that Western Canada is one of the highest cost oil and gas basins [Read more]
Construction of Kinder Morgan’s Trans Mountain Expansion is big test for Canadian oil and gas industry – Collyer Eric Nuttall of the Sprott Energy Fund is mad as hell, so mad he’s taking his $146.3 [Read more]
“There’s no self-correcting way out of this situation… if [oil] prices don’t rise, there’s no easy way.” – Tombe The Alberta government is betting on rising oil prices and growing royalties over the next year [Read more]
Pipelines are full, which would mean more oil-by-rail to US Gulf Coast refineries Global heavy crude oil markets are already tight because of OPEC cutbacks and potential sanctions against Venezuela by the United States could [Read more]
Oil sands players believe Climate Leadership Plan will help them lower production costs, crude oil carbon-intensity This weekend members of the Wildrose Party and the PC Assoc. of Alberta are deciding if they want to [Read more]
“Oil and gas producers need to be carbon-competitive and cost-competitive” – Suncor CEO Steve Williams A technology revolution is taking place in the Alberta oil sands. Suncor and Cenovus, two of the largest oil sands [Read more]
With minority BC NDP government set to take power, Notley must lead fight to defend Trans Mountain Expansion After a shaky start to her campaign to support Trans Mountain Expansion pipeline when it begins construction this [Read more]
Is the Albert oil sector poised for more growth or struggling just to survive? This is Part 2 of an interview with Ted Morton – notorious Calgary School academic, conservative MLA and cabinet minister in [Read more]
National Energy Corridor providing access to Asian markets would lessen dependence on US markets – and Donald Trump First it was energy independence, now it’s “energy dominance.” American President Donald Trump has cranked up the [Read more]
Only substitution for oil is electric vehicles. How real is the threat to Alberta-based companies? Climate change has become a “material risk” for publicly traded oil and gas companies, which must disclose to in vestors [Read more]
Alberta government must stop appointing fire-breathing eco-warriors to provincial advisory groups As of June 30, Tzeporah Berman will no longer be a member of the Alberta government’s Oil Sands Advisory Group. Let’s hope Shannon Phillips [Read more]
@2020 Energi Media Ltd., | Thoughtful Energy Journalism
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