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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy companies curtail production due to Alberta wildfiresCALGARY — Some oil and gas producers in Alberta are temporarily shutting in production as wildfires rage across the energy-producing province. With more than 100 active fires burning across Alberta and a provincial state of emergency in place, oil and gas companies with operations in the western and northwestern parts of the province have evacuated workers and halted operations. Crescent Point Energy Corp. which has significant operations in the Kaybob Duvernay light oil play, said Monday it has
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

How the wildfires in Alberta have impacted energy companiesSome energy companies were forced to halt production after Alberta declared a provincial state of emergency due to wildfires
Source: globeandmail - 🏆 5. / 92 Read more »