Alberta Oil Curtailment

• Alberta to lift oil production curtailment at the end of 2020

  The government had previously planned to exit curtailment by the end of 2020 provided export routes were in place.

  Economy

  Oct 23, 2020
  
• Imperial ‘scurrying’ to ramp up crude-by-rail but uninterested in rail contracts

  Imperial Oil Ltd. is "scurrying" to quickly ramp up crude-by-rail shipments from its Edmonton terminal to take advantage of improved profitability caused by the Keystone pipeline spill in North Dakota, CEO Rich Kruger said Tuesday.

  Canada

  Nov 12, 2019
  
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• Alberta allows producers to drill new conventional oil wells without production limits

  Just in time for the winter drilling season, the Alberta government is hoping to boost the economy by allowing new oil wells to be drilled.

  Economy

  Nov 8, 2019
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• Alberta to continue oil production curtailment until 2020 as pipeline delays persist

  The province says that without production limits, there would be 150,000 more barrels produced daily than could be exported.

  Economy

  Aug 20, 2019
• Alberta increases oil production limit for September

  The Alberta government says it will again ease its crude oil curtailment program for September.

  Canada

  Jul 26, 2019
• CNRL optimism up on oil curtailments, crude by rail rebound

  Canadian Natural Resources says fears of another Alberta oil price crisis are ebbing thanks to the government's production curtailment program and improving crude-by-rail profitability.

  Money

  May 9, 2019
• CNRL reports $961M Q1 profit up from $583M a year ago

  Canadian Natural Resources Ltd. reported a first-quarter profit of $961 million as it benefited from higher prices due in part to Alberta's mandatory production curtailment.

  Money

  May 9, 2019
• Alberta oil curtailment pluses outweighed by ‘social costs,’ says Husky CEO

  The CEO of Husky Energy Inc. called on the newly elected United Conservative Party to kill off the curtailment program brought in by the NDP in January.

  Canada

  Apr 26, 2019
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• Pengrowth Energy launches review after debt refinancing fails amid plunging oil prices

  Pengrowth Energy Corp. has launched a strategic review of options that could include the sale of the company after failing to renegotiate its high debt load amid plunging western Canadian oil prices late last year.

  Money

  Mar 6, 2019
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• ‘We didn’t like it at all’: CP Rail CEO objects to oil production curtailments

  Canadian Pacific Railway CEO Keith Creel said his company "didn't like it at all" when Premier Rachel Notley stepped in to work out a plan on shipping more crude oil via rail.

  Economy

  Feb 21, 2019