Oilsands

Enbridge’s Line 3 Replacement Set to Flow Oil Oct. 1

Enbridge’s Line 3 Replacement Set to Flow Oil Oct. 1

The Alberta government and Canadian oil exporters celebrated Wednesday after Enbridge Inc. confirmed that its Line 3 pipe replacement project had been completed and would start deliveries Friday (Oct. 1). “It’s fantastic news for our province’s economic recovery,” said Premier Jason Kenney. “Our government will continue to fight for all projects that help bring our…

September 30, 2021
Suncor Teams Up with Indigenous Group to Acquire Stake in Oilsands Pipeline

Suncor Teams Up with Indigenous Group to Acquire Stake in Oilsands Pipeline

A group of Northern Alberta Indigenous communities has teamed up with Suncor Energy Inc. to purchase TC Energy Inc.’s stake in an oilsands pipeline. The partnership between oilsands producer Suncor and the Tahsipiy (Three Rivers) group of eight Indigenous communities announced plans on Thursday to acquire TC’s 15% share in the Northern Courier Pipeline. The…

September 17, 2021
Meg Energy in Oilsands Efficiency Drive with Baker Hughes, C3 AI Partnership

Meg Energy in Oilsands Efficiency Drive with Baker Hughes, C3 AI Partnership

Canadian oilsands player Meg Energy Corp. is partnering with oilfield services giant Baker Hughes Co. (BKR) and software provider C3 AI Inc. to make its upstream operations more efficient. BKR and C3 said Tuesday they had successfully deployed their BHC3 production optimization artificial intelligence (AI) application at Meg’s operations. The software is designed to “improve…

September 14, 2021
Keystone’s Lower 48 Oil Spills Caused by Construction, Manufacturing Errors, GAO Says

Keystone’s Lower 48 Oil Spills Caused by Construction, Manufacturing Errors, GAO Says

Undetected errors during construction and manufacturing led to the two largest spills in the history of TC Energy Corp.’s Keystone crude oil pipeline system in 2017 and 2019, according to a report by the Government Accountability Office (GAO). The 2,687-mile system has transported more than 3 billion bbl of oilsands crude from Canada to Gulf…

August 27, 2021
Imperial Oil Eyes Renewable Diesel Using CCS, Blue Hydrogen for Edmonton Refinery

Imperial Oil Eyes Renewable Diesel Using CCS, Blue Hydrogen for Edmonton Refinery

Imperial Oil Ltd.’s Strathcona refinery in Edmonton is looking to add up to 20,000 b/d of renewable diesel to the mix as soon as 2024, enabling emissions from Canada’s transport sector to decline by as much as 3 million metric tons/year. The ExxonMobil affiliate’s complex as designed would use locally grown plant-based feedstock and hydrogen…

August 26, 2021
Cenovus Swings to Profit on Rising Prices, Refinery Demand

Cenovus Swings to Profit on Rising Prices, Refinery Demand

Rising consumer demand for fuels from an expanded refinery and retail chain as the Covid-19 pandemic faded helped propel sharply improved financial performance by Cenovus Energy Inc. in the first six months of this year. The Calgary firm’s downstream chain of 1,073 service stations and five U.S. refineries – two in Ohio and one each…

August 2, 2021
Suncor Sees Oil Prices Jump Sharply, Commits 10% of Capital to GHG Initiatives

Suncor Sees Oil Prices Jump Sharply, Commits 10% of Capital to GHG Initiatives

Calgary-based Suncor Energy Inc. saw its earnings jump in the first half of the year, as oil demand rose and the pandemic receded, resulting in the North American retail unit standing out as the growth star. Maintenance turnaround projects, which limited production and sales by the refineries and oilsands operations during 2020 and early this…

July 30, 2021
Canadian Oilsands Player Meg Energy Back in Black on Stronger Prices, Gulf Coast Exports

Canadian Oilsands Player Meg Energy Back in Black on Stronger Prices, Gulf Coast Exports

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…

July 26, 2021
Canada’s Oilsands Maintained Market Share Despite Pandemic

Canada’s Oilsands Maintained Market Share Despite Pandemic

Canada’s oilsands sector emerged with an increased global market share during the Covid-19 pandemic, according to the Alberta Department of Finance. The northern bitumen belt stood out by standing firm while other supplies shrank, data compiled from the Alberta Energy Regulator (AER) and the International Energy Agency (IEA) showed. Oilsands mines and underground extraction plants…

July 7, 2021
Canadian Oilsands Production Growth Expected — If Trans Mountain, Line 3 Proceed

Canadian Oilsands Production Growth Expected — If Trans Mountain, Line 3 Proceed

Oilsands production in Canada is expected to grow despite the cancellation of the 830,000 b/d Keystone XL pipeline project because other export pipelines continue to advance toward completion, according to IHS Markit. IHS Markit on Wednesday pointed to 960,000 b/d of capacity under construction in Canada and the United States. These include the 590,000 b/d…

June 25, 2021
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