.png)
By Bruce Lantz A spring season of unusual circumstances has presented a myriad of challenges for oil and gas companies in Canada’s Alberta and British Columbia provinces. Wildfires have ripped through both provinces and the industries that work there, forcing thousands of evacuations and disrupted production. Alberta currently is facing 91 wildfires, with 27 burning out of control, and the government has declared a provincial state of emergency. About 38,000 Albertans have been asked to evacuate their homes because of the fires, while oil and gas firms have shut down production of at least 319,000 barrels of oil equivalent per day (boep/d) — about 3.7% of the country’s production. While all but 12,000 were allowed to return to their homes last week thanks to a cold front that helped firefighters, more abnormally hot and dry weather was set to return on the weekend, raising concerns about the next wave of problems. Wildfire concerns have pushed Canadian heavy crude prices to their highest levels in months and nearly 2.7 million barrels per day of Alberta oil sands production in May is at risk in the very high (40%) or extreme (60%) wildfire danger zones. In B.C., fires raging in more […]
CamTrader offers a preview only. View original article. resourceworld.com
