• 6 hours Bidding Action Heats Up In UK’s Continental Shelf
  • 11 hours Keystone Pipeline Restart Still Unknown
  • 15 hours UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 17 hours Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 19 hours Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 20 hours German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 22 hours Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 23 hours Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 2 days Oil Prices Rise After API Reports Major Crude Draw
  • 2 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 2 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 2 days Statoil Looks To Lighter Oil To Boost Profitability
  • 2 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 2 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 2 days Whitefish Energy Suspends Work In Puerto Rico
  • 2 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 2 days Thanksgiving Gas Prices At 3-Year High
  • 3 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 3 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 3 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 3 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 3 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 3 days ConocoPhillips Sets Price Ceiling For New Projects
  • 5 days Shell Oil Trading Head Steps Down After 29 Years
  • 6 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 6 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 6 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 6 days Venezuela Officially In Default
  • 6 days Iran Prepares To Export LNG To Boost Trade Relations
  • 6 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 6 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 6 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 7 days Rosneft Announces Completion Of World’s Longest Well
  • 7 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 7 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 7 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 7 days Santos Admits It Rejected $7.2B Takeover Bid
  • 7 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 7 days Africa’s Richest Woman Fired From Sonangol
  • 8 days Oil And Gas M&A Deal Appetite Highest Since 2013
Alt Text

The Undisputed Leader Of Tomorrow’s Oil & Gas Markets

According to the Executive Director…

Alt Text

Is U.S. Energy Independence Realistic?

The recent IEA report shocked…

Alt Text

Are Oil Markets Immune To U.S. Shale?

Oil prices have maintained their…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Wildfire Nears Canada’s Major Oil Sands Plants

Alberta Wildfires

A massive wildfire raging through the northern part of Alberta has swelled in size and surged north of Fort McMurray, destroying an evacuated oil sands camp on Tuesday and it is projected to encroach on major facilities shortly.

The flames consumed a 665-room oil-sands work camp north of the city, the Blacksands Executive Lodge, Alberta Premier Rachel Notley said Tuesday. The lodge is owned by Horizon North Logistics Inc. of Calgary. Related: Russia Remains Determined To Stop Israel-Turkey Pipeline Deal

Image courtesy of Nairaland.com

Officials said Wednesday they expected the fire to move east towards plants owned by Suncor Energy (TSX:SU) and its Syncrude subsidiary, CBC News reports. They added that the operations themselves are unlikely to be damaged by the flames as they are well isolated by wide barriers of cleared firebreak and gravel, and are employing their own firefighting crews.

Image courtesy of Nairaland.com

By 6:00 am local time Wednesday, the fire had grown to approximately 422,898 hectares in size. Related: Oklahoma Oil Industry About To Lose Tax Rebates

“It’s pretty significant growth,” provincial wildfire official Travis Fairweather said in a televised interview with CBC. “We’ve just been seeing really extreme fire conditions over the last couple of days. It’s been really burning intensely and the winds have been carrying it.”

The wildfire, which destroyed whole sections of Fort McMurray earlier this month, is also expected to reach the neighbouring province of Saskatchewan.

Image © Cameron Strandberg | Flickr CC by 2.0

So far, it has forced more than 88,000 people to leave the area, with about 8,000 of them evacuating Monday night as the resurgent fire shifted directions, posing fresh threats to oil sands complexes and worker camps. Related: Can Supply Outages Drive Oil To $50?

About a million barrels per day of oil sands crude production has been shut down as a precaution and because of disruptions to regional pipelines. Much of that production remains offline.

But according to the Conference Board of Canada, such outages will have a “minimal” impact on the country’s economic growth. In a report released Tuesday, the Ottawa-based think tank said the while May production will be hit, the industry will likely make up that lost output next month, assuming operations resume.

In recent days, oil sands workers had begun returning to the camps north of Fort McMurray, as companies wanted to resume normal production. But this week’s evacuations and the volatile nature of the blaze have raised concerns that the region may suffer a prolonged production outage, which has helped to disrupt global oil supplies and prices.

By Cecilia Jamasmie via Mining.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News