‘Not out of the woods:’ Alberta easing oil production cuts as price improves
Cost differential narrows but lack of pipeline capacity continue to impede critical market access.
How the oil sands changed Alberta and Canada forever
What started in the 1920s as Robert Fitzsimmons’ ticket to riches has turned into an industry that attracted $34 billion in investment in 2014.
Husky Oil to proceed with Newfoundland West White Rose project
Direct benefits include more than $3 billion in royalties, equity and taxes.
OPEC production jumped before deal on cuts, IEA says
Energy agency says next few weeks will be crucial in determining if production cuts are being implemented.
Husky Energy to increase 2017 budget, boost daily output
Production is also scheduled to rise from several heavy-oil thermal projects.
Oil sands back-to-business results expected as wildfire impact dissipates
Provincial estimates report Alberta oil sands production dropped by about one million barrels per day in May, 700,000 bpd in June.
NEB to require companies to publish emergency management programs
Latest order covers broader scope, including policies and commitments, hazard identification and incident management.
Nearly $1B of oil sands production lost due to Fort McMurray fire
Conference Board of Canada report estimates lost production is equal to 0.33% of Alberta’s projected GDP.
Slashed spending by drillers could lead to price spike, report says
IEA suggests investment in oil exploration and production is declining for a second straight year.
Canadian oil output growth could come to ‘complete standstill’
Oil-related investments are expected to drop 17% this year, according to the International Energy Agency.
Alberta facing $5.9B deficit: fiscal update
Oil and gas investment is expected to fall more than 30%
Auction opens Mexico’s oil sector to private firms, but draws few bids
Only two of 14 exploration and production blocks July 15 attracted bids.
Wall pitches Saskatchewan over Alberta for royalty stability
Premier says provincial government has no plans to review the rates it charges oil companies.
Crude oil production lowest in two years: report
“Perfect storm” of events cut average production to 3.98 million barrels of oil a day in May.
Recession unavoidable for Alberta this year
Conference Board expects economy to slide 0.7% this year.