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Venezuelan crude oil was being offered this week to U.S. Gulf Coast refiners at a premium to competing Canadian barrels, two traders said. Venezuelan Merey-16 oil was offered for U.S. Gulf Coast delivery at a discount of around $6 to Brent crude futures earlier this week, a trader said, while West Canadian Select at Houston …
Blackrod SAGD goes full-scale after 15 years of pilot testing By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Blackrod SAGD project. Photo courtesy International Petroleum Corporation For the first time in nearly eight years, a brand-new oil sands project is operating in Alberta. It’s …
Rare Brand-New Oil Sands Project Starts Operating in Alberta Read More »
Oil sands could maintain current production rates for more than 140 years By Will Gibson Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Pipelines at a thermal in situ oil sands facility. Photo courtesy Alberta Energy Regulator Investor interest in Canadian oil producers, primarily in the Alberta oil sands, …
Alberta’s Huge Oil Sands Reserves Dwarf U.S. Shale Read More »
Alberta oilsands more resilient to lower prices than U.S. rivals who are cutting budgets to cope with below US$60 crude By Meghan Potkins Originally published in the Financial Post – This Story and More by Meghan Potkins Here Canada’s largest oilpatch spenders have begun unveiling their 2026 budgets, with early signs showing oilsands spending …
Canada’s Cenovus Energy on Thursday forecast higher crude oil production for 2026 as major oil sands projects near completion. The company expects upstream production between 945,000 and 985,000 barrels of oil equivalent per day (boepd) for 2026, surpassing its 2025 forecast range of 805,000 to 845,000 boepd.The producer said it would allocate C$850 million in spending …
Cenovus Energy Forecasts Higher Production in 2026 Read More »
Baytex Energy announced the sale of its U.S. shale operations for $3.25 billion last week By Meghan Potkins Original: financialpost.com/news/us-oil-companies-energy-investors-canada-deals A flurry of recent deals in the Canadian oilpatch that caught the interest of U.S. producers and private capital is fuelling speculation about a revival of foreign investment in Canada’s perennially unloved energy sector. Calgary-based …
U.S. Oil Companies, Energy Investors ‘Looking at Canada Again’ Amid Flurry of Deals Read More »
The catalyst for the brighter outlook is the newly expanded Trans Mountain oil pipeline Canada’s oil sands are experiencing a comeback after years of living in the shadow of United States shale. Crude output is climbing to new highs, the nation’s top producers are seeing their shares soar and interest in the industry is rising among U.S. institutional investors. …
Canada’s Oilsands Make Their Comeback as U.S. Shale Plateaus Read More »
Analyst says WCS price boost reflects global shortage By Will Gibson Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Worker at an oil sands SAGD well pad in northern Alberta. Photo courtesy Strathcona Resources Once priced at a steep discount to its lighter, sweeter counterparts, Canadian oil has …
Canada’s Heavy Oil Finds New Fans as Global Demand Rises Read More »
The facts about one of Canada’s biggest industries By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction of an oil sands SAGD production well pad in northern Alberta. Photo supplied to the Canadian Energy Centre Alberta’s oil sands sector is one of Canada’s most important …
(Reuters Breakingviews) – When it comes to finding black gold, oil companies have easier places to look than in the ground. That logic explains a fraught battle between oil sands firms Cenovus Energy and Strathcona Resources for MEG Energy. Both suitors have lobbed in bids worth just under C$8 billion for their rival, with a vote coming later this …
