Increased production, improved prices and strong exports to the United States turned Canadian oilsands specialist Meg Energy Corp. profitable in the first half of 2021, reversing deep losses inflicted a year ago by the Covid-19 pandemic. The Calgary firm’s bitumen production in northeastern Alberta grew to a first-half 2021 average of 91,326 b/d from 83,622…
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Robust Natural Gas Growth Seen Likely for Canadian Oilsands Plants
Natural gas use by thermal oilsands plants could grow almost as fast as their bitumen production over the next 10 years, the Alberta Energy Regulator (AER) predicted.
Upgrading Raw Bitumen Would Open Space on Canadian Export Lines, NEB Says
Oil shippers would open space in plugged Canadian export pipelines, currently running at 98% capcity, by improving the quality of their product, the National Energy Board (NEB) said.
Canadian NGL Production Forecast to Surge in Coming Years
Liquid byproducts stand out as a growth item in an otherwise flat outlook for Canadian natural gas, according to two new industry reviews.
NGI The Weekly Gas Market Report
Persistent Price Headwinds Forecasted for Canadian NatGas Producers
Even the old mainstay growth customer, Alberta thermal oilsands projects, will let down Canadian natural gas producers, says a fall crop of industry and government forecasts that lean prices will continue to prevail.
NGI The Weekly Gas Market Report
NatGas Chosen for Power Projects to Meet Alberta Emissions Policy
Natural gas has emerged as the winner in two power projects launched to comply with an Alberta government environmental policyrequiring replacement of coal-fired generating stations with cleaner alternatives.
In-Situ Bitumen To Remain Canada’s Top Industrial NatGas Burner, Says CAPP
The biggest Canadian source of new oil supplies will continue to be the nation’s top industrial natural gas burner, predicted the Canadian Association of Petroleum Producers (CAPP).
Canadian Oilsands Gas Demand Projected to Be Robust
Canada’s biggest natural gas consumer — Alberta thermal oilsands production — will grow by 54% over the next 15 years, according to an industry survey.
Alberta Readies to Bring Oil Production Back Online in ‘The Beast’s’ Wake
Preparations began Sunday to resume nearly one million b/d of production shut down when a forest fire nicknamed “The Beast” forced evacuation of all 85,000 residents of the northeastern Alberta oil sands capital, Fort McMurray.
Alberta Readies to Bring Oil Production Back Online in ‘The Beast’s’ Wake
Preparations began Sunday to resume nearly one million b/d of production shut down when a forest fire nicknamed “The Beast” forced evacuation of all 85,000 residents of the northeastern Alberta oil sands capital, Fort McMurray.