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The 2015 winter drilling season is over, and it’s been a bad one across the board for western Canadian service companies.
Crude-by-rail has emerged as a critical piece of the energy transportation landscape in North America, enabling meaningful growth in market access despite pipeline projects being stalled in the regulatory process. But the benefits of the opportunity don’t have to end with producers and rail operators: an Alberta government official sees a possible opportunity for market diversification for oilsands manufacturers, too.
In late January, western Canada’s oil and gas industry began to weigh the carnage caused by the collapse of oil prices and an equally troubling decline in gas prices.
News
Rail is playing an increasingly larger role in the transport of crude oil for export from Canada, as are pipelines. Crude exports from Canada via rail and pipeline showed gains in the fourth quarter of 2014 when compared to 2013. At the same time, exports by tanker shrank.
The National Energy Board has launched an online interactive Pipeline Incident Map that offers Canadians the opportunity to view all pipeline incidents in Canada since 2008.
Raw bitumen production has overtaken synthetic crude oil (SCO) production from Canada’s oilsands. After decades of SCO dominating the industry’s total production, data from the Alberta Energy Regulator (AER) shows that early in 2014 crude bitumen began to secure its previously anticipated upward trajectory above upgraded volumes.
Editors’ Blogs
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Current Rig Activity
PROVINCE ACTIVE DOWN TOTAL
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Canada 81 674 755
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This Month in Oilpatch History
The CANADIAN ASSOCIATION OF OILWELL DRILLING CONTRACTORS IS concerned that the tentative "Natural Resource Revenue Plan" announced yesterday…
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