Oilsands companies in the red as blended bitumen price dips below $4 per barrel

Oilsands producers are likely losing money or barely breaking even as prices for Western Canadian Select bitumen-blend crude dipped as low as US$3.82 per barrel on Monday, analysts said. Realized prices for bitumen likely crossed into negative territory as they…

Oil price crash to hit thermal oilsands production in Western Canada: Analyst

By Global News Posted March 27, 2020 2:14 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ An oil and gas analyst says record low prices for oilsands crude could lead to up to…

Sturgeon Refinery facing more delays after tests, won’t process bitumen until early 2020

By Staff The Canadian Press Posted November 5, 2019 4:49 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ A new refinery northeast of Edmonton is facing more delays and won’t begin processing oilsands…

New technology moves Alberta oilsands bitumen in shipping container to West Coast

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…

Trans Mountain pipeline expansion faces hurdles as landowners dig in heels

Barbara Gard calls her three-hectare property, nestled below the forested peak of Sumas Mountain, a “miniature Stanley Park.” Its lush trees and flowing creek reminded her of Vancouver’s majestic park, and she immediately knew she wanted to call it home.…

Trans Mountain to resume construction on pipeline expansion

Trans Mountain says it is restarting construction on its pipeline expansion project. The company said work will resume at the Westridge Marine Terminal and Kinder Morgan’s Burnaby Terminal as well as in communities in Alberta. It has issued directives that…

Producers still cautious despite higher Q2 expectations on stronger oil prices

Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil…

Cenovus produces one billionth barrel from oilsands operations in northern Alberta

Cenovus Energy Inc. says its thermal oilsands operations in northern Alberta produced their one billionth barrel of bitumen on Wednesday. The milestone comes about 18 years after Cenovus’ Foster Creek facility was launched in 2001 as the first commercial oilsands…