Oil Sands
Canadian Natural cuts $1B from budget due to low oil price
Oil sands producer will ramp up capital spending if prices improve and stabilize, and there’s clarity on market access.
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Suncor assessing impact of Alberta’s move to cut oil production next year
Cuts to reduce a glut that increases the discount the oil fetches compared with the North American benchmark.
Crude by rail exports rose to a record 269,829 bpd in September: NEB
Price discounts are costing the Canadian economy as much as $80 million per day.
Notley proposes Ottawa get into the crude by rail business
Can be a stop-gap measure to help narrow the price discount.
Impact of diluted bitumen on young sockeye salmon deadly: study
Almost 50% of the salmon exposed to the highest amount died during the first two months after they were moved to clean water.
Nexen reports 270,000 litre pipeline spill of produced water
Cleanup underway of oil and gas extraction process byproduct in Northern Alberta.
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Suncor CEO says partners holding up Syncrude reliability improvements
“Not getting the sense of urgency or support we would like from our partners at the moment”: Williams.
Oil sands could eventually acidify area size of Germany: study
In 2013 areas in northern Alberta, Saskatchewan absorbed high enough acid deposits to damage life in rivers and lakes.
Suncor cuts oil sands production guidance to reflect Syncrude outage
Revised output expected to be 422,500 barrels per day, down from 440,000 bpd.
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Imperial Oil’s Kearl oil sands tailings plan wins conditional AER approval
Has concerns with Imperial Oil’s assumptions about its treatment technology performance will match actual results.
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Syncrude outage expected to ease pipeline congestion, boost heavy oil prices
Production of upgraded bitumen could remain offline at its works north of Fort McMurray through July.
Nexen Energy announces $400M expansion of its Alberta oil sands project
Will add three steam-driven well-pads that will send bitumen to its existing facilities.
Syncrude oil sands tailings plan approved by regulator despite deficiencies
Water-capping technology has been tested on site since 2012 and will be ready for a 10-year assessment in 2023.
CAPP predicts Canadian oil production to rise 1.4M bpd by 2035
Increase to 5.6 million bpd in the next 17 years mainly due to a rise in oil sands production to 4.2 million bpd.
Trans Mountain deal fails to change Suncor position on Canadian competitiveness
Energy company is ramping up production of its Fort Hills oil sands mine, but has approved no other major growth projects in northern Alberta.
