Tag: heavy oil
Heavy oil processing, refining investment remains a challenge for Alberta oil sands – IHS study
Prospects for upgrading to full synthetic crude remain most challenged, according to IHS Despite market changes, including some to the benefit of heavy oil processing in recent years, challenges still remain for investing in new heavy oil processing capacity in North America, according to a new study by IHS Markit. A New Look: Extracting Value […]
What products are created from oil processed in Canadian refineries?
Around 1/3 of crude refined in western Canada considered heavy Canada’s 16 refineries process oil that is produced in Canada and imported from abroad, according to the National Energy Board. Over the last five years, these refineries produced an average of 2.3 million barrels of refined petroleum products each day. Approximately 80 per cent of these products were used to […]
Saskatchewan heavy oil production relatively stable despite lower prices
Husky Energy, Blackpearl Resources report operating costs as low as 8-$9USD/b Despite lower oil prices and reduced drilling activity in western Canada since 2014, production of conventional heavy oil in Saskatchewan remained relatively stable, according to an NEB press release. Over this period, the benchmark West Texas Intermediate (WTI) oil price dropped 53 per cent and drilling activity […]
Baytex Energy restarts idled wells as prices rise
Baytex Energy shut down low margin heavy oil last June By Nia Williams CALGARY, Alberta, June 8 (Reuters) – Baytex Energy Corp has restarted nearly all the heavy crude output it shut last year, encouraged by the months-long rally in oil prices, a source familiar with the matter said on Wednesday. It is among the first […]
Husky Energy approves new heavy oil thermal project, expands Ohio refinery
Husky Energy expanding Lima, Ohio refinery for up to 40,000 b/d of heavy crude feedstock from Western Canada CALGARY, AB – Husky Energy has announced the sanctioning of Rush Lake 2, a new 10,000 b/d heavy oil thermal development in Saskatchewan, as it continues to advance its portfolio of low sustaining capital projects. The Husky Energy heavy oil thermal production is […]
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