Archive for the ‘International Unconventional’ Category
About 1,570 bbl of heavy oil and diluent leaked from Husky Energy Inc.’s Saskatchewan gathering system pipeline into the North Saskatchewan River on July 21, southeast of Lloydminster.
Calgary-based Encana Corp. outlined how it has lowered drilling costs across its core plays and expects additional cost reductions throughout the year. It also increased its 2016 production expectations despite the ongoing oil price slump.
PJSC Gazprom Neft said it completed a 30-stage hydraulic fracturing operation in Russia’s Yuzhno-Priobskoye field.
Alberta creates oil sands advisory group
July 14th, 2016 by Latest News
The Alberta government has established the Oil Sands Advisory Group to assist with policy-making related to oil sands development and climate change.
Nexen idling Long Lake oil sands upgrader
July 13th, 2016 by Latest News
Nexen Energy ULC reported it will idle the Long Lake oil sands upgrader in Fort McMurray, Alta., by putting it into cold-stack mode. No date was given for when the upgrader would be returned to service.
Interests, roles shifting in Argentina block
July 13th, 2016 by Latest News
Holders of interests in the Coiron Amargo Block in Argentina’s Nequen basin and a unit of Royal Dutch Shell PLC have entered a series of agreements that would subdivide the southern part of the 100,000-acre tract and adjust holdings and roles.
Seven Generations to expand Montney acreage
July 8th, 2016 by Latest News
The planned acquisition of “bolt-on” acreage in the Lower Triassic Montney resource play of British Columbia from Paramount Resources Ltd. will enable Seven Generations Energy Ltd. to increase well lengths in an expanded drilling program, the buyer said.
Oil sands production is forecast to increase nearly 1 million b/d by 2025, driven primarily by the expansion of existing facilities with more attractive economics, according to analysis from IHS.
Syncrude Canada Ltd. said it conducted a cold startup of its steam systems at the Mildred Lake oil sands upgrading complex for the first time since the plant was commissioned in 1977-78.
CAPP: Oil pipelines urgently needed
June 23rd, 2016 by Latest News
Oil pipelines are “urgently needed” in Canada, the Canadian Association of Petroleum Producers said in its 2016 Crude Oil Forecast, Markets, and Transportation report.