Canadian officials will decide in coming days whether to grant environmental approval for expansion and upgrades at the North Atlantic Refining-owned refinery in Come-by-Chance, the Department of Municipal Affairs and Environment in Newfoundland and Labrador said on Wednesday. The expansion, if approved, would increase output at the 130,000 barrels per day (bpd) refinery to 162,000 bpd. That would allow the refinery to process more light, sweet crude oil as new maritime rules governing sulfur [Read more]
Headlines
New technology moves oilsands bitumen in shipping container to West Coast
CALGARY - Melius Energy says it has successfully tested a new technology that allows oilsands bitumen to be shipped as a semi-solid product in six-metre-long shipping containers. The Calgary-based company says it moved 130 barrels of bitumen treated with the BitCrude process from Edmonton to Prince Rupert, B.C., by intermodal rail. President Nicole Zhang says the alternative to pipeline or rail tanker cars delivers value for Canadian producers while satisfying international demand for the [Read more]
Saudi Aramco restores oil output earlier than expected
Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day, three sources briefed on Saudi Aramco's operations told Reuters, maintaining a faster than expected recovery after the Sept. 14 attacks on its oil facilities.Crude output from the Khurais field is now at 1.3 million bpd and the Abqaiq plant is currently at about 4.9 million bpd, the sources said. On Monday, sources had said Abqaiq production was about 3 million bpd. The Sept. 14 attacks on the two plants [Read more]
The Marten Hills Clearwater Oil Play: From Open Land to High Demand
In four short years, the Clearwater cold flow heavy oil play at Marten Hills and Nipisi has gone from interesting land sales to producing over 14,000 bopd. Over 6 mmbo have been produced to mid-July 2019. The main players are Spur and Deltastream, with Highwood, Cenovus and CNRL also active (map). A timeline shows the interplay of drilling activity and land sales, while a graph shows that oil rates went from almost zero in late 2016 to over 14,000 bopd in mid-2019. The potential size of the [Read more]
XI Technologies: How the oil and gas industry can adapt to today’s challenges
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Last week, XI had the opportunity to take part in two important industry conferences, the Canadian Association of Petroleum Landman (CAPL) Conference and the Energy Disruptors Conference. Both these conferences featured exciting [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Sep. 23 Field Operator Roska DBO Tumbler Ridge Sep. 23 Data Assistant Transportation Brunel Lloydminster Sep. 23 Accounts Payable/Receivable [Read more]
Enbridge receives permit for Michigan underwater supports on Line 5 oil pipeline
Canadian pipeline company Enbridge Inc said on Tuesday it has received a permit from the U.S. Army Corps of Engineers to install 54 steel supports along its underwater Line 5 pipeline in Michigan's Straits of Mackinac. Line 5 ships 540,000 barrels per day of light crude oil and propane and is a critical part of Enbridge's Mainline network, which delivers the bulk of Canadian crude exports to the United States. However the Michigan is suing Enbridge in a bid to have the underwater portion [Read more]
Baytex Announces Board and Management Changes
CALGARY, Alberta, Sept. 24, 2019 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) announces changes to its board of directors and management team. Board of Directors Baytex has an ongoing board renewal process led by its Nominating and Governance Committee. In the last year, we have significantly restructured our board. Throughout this renewal process, our intent has been to create an efficient, diverse and independent board with complementary skill sets suited to our [Read more]
Court blocks Alberta legislation that would restrict energy flows to British Columbia
A Canadian court on Tuesday granted a temporary injunction against legislation enabling the province of Alberta to restrict the flow of oil and gas to neighbouring British Columbia. Alberta enacted Bill 12, dubbed the "turn off the taps act" in May, after it was passed by the previous provincial government in retaliation for British Columbia opposing the expansion of the Trans Mountain oil pipeline. Bill 12, formally known as the "Preserving Canada's Economic Prosperity Act", has yet to be [Read more]
Oil slips as focus shifts from Saudi supply to global demand concerns
Oil prices eased on Tuesday as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand and away from uncertainty around supply disruptions in Saudi Arabia. U.S. West Texas Intermediate (WTI) futures were at $58.36, down 28 cents. Brent crude futures fell 35 cents to $64.42 a barrel. "The demand side of the equation is back in focus," said Michael McCarthy, senior market analyst at CMC Markets in Sydney, pointing to sluggish manufacturing [Read more]