Archive for the ‘International Unconventional’ Category
Shell keen on its shale potential worldwide
June 21st, 2016 by Latest News
Royal Dutch Shell PLC considers its shale holdings a growth priority for 2020 and beyond now that the major divested roughly half its US and Canada unconventional properties in recent years, executives told reporters during a June 20 media event at its…
One month after massive wildfires forced evacuations in northern Alberta, oil companies are slowly resuming operations.
Imperial Oil Ltd. said operations have returned to normal at its Kearl oil sands site and that the plant was not damaged by the Alberta wildfires.
Pengrowth Energy Corp., Calgary, said it received regulatory approval for the second commercial phase of the Lindbergh thermal project in the Cold Lake area of eastern Alberta.
Heavy crude oil from western Canada available for export to the US in 2035 could be as high as 3.9 million b/d or as low as 2.5 million b/d, depending on pipeline developments, says the Canadian Energy Research Institute.
Operators report no major damage from Alberta fires to oil, gas facilities
May 11th, 2016 by Latest News
Alberta’s wildfires have created havoc, but Alberta Energy Regulator said on May 10 it had no reports of damage to energy facilities.
MARKET WATCH: Oil prices fall on reports of slowing in spread of Canadian wildfires
May 10th, 2016 by Latest News
Light, sweet crude prices settled below $44/bbl on the New York market on May 9, down more than $1/bbl on reports that the spread of Canada’s wildfires has slowed and the blaze has moved away from key oil sand production areas, at least for now.
Imperial reduces production at Kearl in Alberta
May 6th, 2016 by Latest News
In response to the ongoing fire crisis in Alberta, Imperial Oil Ltd. has reduced production at its Kearl oil sands plant northeast of Fort McMurray. The physical plant is unaffected by the fires.
A wildfire raging in the Regional Municipality of Wood Buffalo nearby Fort McMurray, Alta., has forced the mandatory evacuation of tens of thousands of people from the area and has caused many oil sands operators to cut production.
Suncor Energy Inc. is to buy an additional 5% of Syncrude Canada Ltd. for $937 million (Can.) from the Canadian subsidiary of Murphy Oil Corp. The purchase will bring Suncor’s interest in Syncrude to 53.74% and close out Murphy’s participation (OGJ Online, Dec. 9, 2015).