Energy companies curtail production due to Alberta wildfires

Cenovus Energy Inc. said in an email that it has safely shut in production and brought plants down in some areas of its conventional business.

The wildfire situation in Alberta is evolving rapidly and there are no official volume estimates for how much oil and gas production has been curtailed, said Rory Johnston, a Toronto-based energy analyst and founder of the Commodity Context newsletter. According to the Canada Energy Regulator, the Fort McMurray wildfire in May 2016 resulted in oilsands production losses as high as one million barrels per day at the height of the disaster.

“Particularly as the oil industry continues to grow, so that it’s covering a larger and larger area, and wildfire activity continues to increase,” he said.Other companies that have shut in production include Pipestone Energy Corp.

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