Archive for the ‘International Unconventional’ Category
Suncor Energy, Calgary, reported that the Fort Hills oil sands project in northern Alberta is continuing its steady production ramp-up following the safe startup of secondary extraction on Jan. 27.
Draft final report released on fracing in Australia’s Northern Territory
December 19th, 2017 by Latest News
The draft final scientific report on the impact of hydraulic fracturing in unconventional shale reservoirs in Australia’s Northern Territory, released for public viewing last week, has reached an overall conclusion that the challenges and risks associa…
Cenovus budgets for more cost, payroll cuts
December 14th, 2017 by Latest News
Cenovus Energy Inc. is combining executive jobs and planning a 15% workforce cut in 2018 under a little-changed budget focusing on cost and debt reduction. It plans to invest $1.5-1.7 billion (Can.) in 2018, compared with an expected $1.55-1.65 billion…
Canadian Natural Resources Ltd. (CNRL) estimates 2018 production for the completed Horizon Phase 3 expansion will be 1.09-1.17 million boe/d, representing a 17% increase over 2017 production levels and with a capital program targeted at $4.3 billion.
Canadian Natural Resources Ltd. (CNRL) estimates 2018 production for the completed Horizon Phase 3 expansion will be 1.09-1.17 million boe/d, representing a 17% increase over 2017 production levels and with a capital program targeted at $4.3 billion.
Pembina Pipeline advances Duvernay development
November 7th, 2017 by Latest News
Pembina Pipeline Corp.
will proceed with constructing and operating the first tranche under
its previously announced 20-year system development and service
agreement with Chevron Canada Ltd. covering more than 230,000 acres in the liquids-rich Kaybo…
Pembina Pipeline advances Duvernay development
November 7th, 2017 by Latest News
Pembina Pipeline Corp.
will proceed with constructing and operating the first tranche under
its previously announced 20-year system development and service
agreement with Chevron Canada Ltd. covering more than 230,000 acres in the liquids-rich Kaybo…
ExxonMobil enters long-term expansion for Argentina’s Vaca Muerta shale
October 25th, 2017 by Latest News
ExxonMobil Corp.
is to launch a Vaca Muerta pilot project that could lead to a staged
development of about 300 horizontal wells with an estimated production
of 11 million cu m/day once completed.
ESAI Energy LLC forecasts leaner and smaller Canadian oil sands projects in the coming years as producers face high costs in a recovering oil-price environment.
PTTEP further delays Alberta oil sands project
October 20th, 2017 by Latest News
Thailand’s PTT Exploration & Production PCL (PTTEP) will delay its final investment decision on the 612-sq-km Mariana Oil Sands Project near Athabasca, Alta., according to a Reuters report. PTTEP also will record a $550-million impairment in its third-quarter earnings.