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First—the good news. Although many oilsands developers are cutting their capital budgets, projects well under way will not only survive current and expected low oil prices but will also see their costs fall, say industry analysts.
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.
News
JuneWarren-Nickle’s Energy Group, which publishes the Daily Oil Bulletin, has instituted a new web authentication process that allows users to access more than one of our websites with only one password.
In its just-published Annual Energy Outlook 2015 report, the U.S. Energy Information Agency projects U.S. domestic crude production rising an average 0.9 per cent annually from 2013 to 2040.
The total number of development and exploratory metres drilled in Western and Northern Canada during the first quarter of 2015 declined 39 per cent to 4.74 million metres from 7.7 million metres a year ago.
Editors’ Blogs
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Current Rig Activity
PROVINCE ACTIVE DOWN TOTAL
AB 51 476 527
SK 4 128 132
BC 24 57 81
MB 0 15 15
QC 0 1 1
Canada 79 677 756
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This Month in Oilpatch History
HUSKY OIL AND REFINING LTD has turned the 'black sheep' of western Canada's oil industry into a demanded respectable flock with a very…
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