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Canadian oil sands' new growth stymied by pipeline delays

1 week ago DieselGasoil Comments Off on Canadian oil sands' new growth stymied by pipeline delays
By Robert Tuttle on 3/13/2019 CALGARY (Bloomberg) — Oil sands producers including MEG Energy Corp. and Imperial Oil Ltd. are reconsidering oil sands expansions as new export pipelines are delayed and the provincial government limits production. MEG had planned to ramp up output at an expansion of its Christina Lake oil sands project in the second Read More

Drillers in fledgling Alberta play shrug off glut

2 weeks ago DieselGasoil Comments Off on Drillers in fledgling Alberta play shrug off glut
By Robert Tuttle on 3/7/2019 CALGARY (Bloomberg) — Drillers are moving ahead in a corner of Canada’s oil sands that saw a flurry of land grabs in recent years, unfazed by a glut of crude that depressed prices last year and the mandatory production cuts that followed.  Cenovus Energy received regulatory approval in January to Read More

Cenovus forges ahead on rail plans as Canadian peers dial back

1 month ago DieselGasoil Comments Off on Cenovus forges ahead on rail plans as Canadian peers dial back
By Kevin Orland on 2/13/2019 CALGARY (Bloomberg) — Cenovus Energy Inc. is forging ahead with plans to expand its rail shipments of crude to U.S. refiners, even as some peers dial back, in a bet that pricing for Canadian heavy crude will soon shift to make those shipments more economical. CEO Alex Pourbaix said Cenovus’s heavy Read More

Cenovus to hold conference call and webcast on fourth-quarter and year-end 2018 results

1 month ago DieselGasoil Comments Off on Cenovus to hold conference call and webcast on fourth-quarter and year-end 2018 results
CALGARY, Alberta, Feb. 06, 2019 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and year-end 2018 results on Wednesday, February 13, 2019. The news release will provide consolidated fourth-quarter and year-end 2018 operating and financial information. Financial statements will be available on Cenovus’s website, cenovus.com. A conference call and Read More

Canadian oil sand producers throw new tech at old foe

2 months ago DieselGasoil Comments Off on Canadian oil sand producers throw new tech at old foe
By Kevin Orland on 1/23/2019 CALGARY (Bloomberg) — In their quest to make one of the most expensive methods of producing crude more profitable, Canada’s oil-sands companies have been ramping up efforts to get their thick bitumen to flow through pipelines more easily and cheaply.  MEG Energy threw a spotlight on those efforts on Tuesday, Read More