• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 hours How Far Have We Really Gotten With Alternative Energy
  • 8 days What fool thought this was a good idea...
  • 11 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 6 days A question...
  • 11 days They pay YOU to TAKE Natural Gas
  • 17 days The United States produced more crude oil than any nation, at any time.
Kazakhstan Joins EU program to Help Promote a Green Transition

Kazakhstan Joins EU program to Help Promote a Green Transition

Kazakhstan is considering new procurement…

China Threatens 25% Car Tariff Against US, EU Moves

China Threatens 25% Car Tariff Against US, EU Moves

Beijing is still mulling its…

Canada Wildfires Prompt First Evacuation Order in Oil Country

Alberta authorities have issued the first evacuation order for this year as wildfires spread across Canada’s biggest oil producer.

Per a Bloomberg report, the residents of a First Nation community in the Cold Lake region were ordered to evacuate because of the blaze. Several other communities in the vicinity were put on standby, the report added. The Cold Lake indigenous area is to the north of Edmonton, close to the border with Saskatchewan.

The news comes a day after reports about a wildfire in the vicinity of Fort McMurry that had local authorities issue an evacuation warning in case the blaze spread. Later on Monday, the warning was canceled. A Bloomberg report recalled that eight years ago another wildfire forced the evacuation of tens of thousands of locals and the suspension of some 1 million barrels of oil in daily production.

There were production shut-ins in Canada last year as well, because of wildfires. In March of that year, over 300,000 bpd of daily production were shut in because of the fires, representing 3.7% of total output. At the time, there were 110 active wildfires across Alberta, of which 36 were out of control.

Over 65% of the territory of Canada was unusually dry at the end of March, Bloomberg noted in its most recent report. These were similar conditions to last year’s when the country suffered its worst wildfire season, according to reports. If the situation repeats, there will be oil production outages again.

Alberta produced crude oil at a record rate and there are plans for further growth as the Trans Mountain pipeline expansion project nears completion. In November 2023, the province produced an all-time high of 4.16 million bpd. Planned output expansions in the oil sands could drive an 8% increase in Canada’s total oil production by next year, according to analysts.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News