May 8 (Portal) – Canada’s main oil-producing province Alberta declared a provincial emergency on Saturday due to wildfires, shutting down at least 185,000 barrels of oil equivalent per day (boepd), or about 2% of the country’s production.
Canadian natural gas exports to the United States fell to 6.7 billion cubic feet per day (bcfd) on Sunday, the lowest level since April 2021, according to Refinitiv data.
Most of the cuts on Sunday were for pipes from Canada to the US Midwest, including Enbridge Inc (ENB.TO), Pembina Pipeline Corp’s Alliance Pipe (PPL.TO), TC Energy Corp’s Great Lakes Pipe (TRP.TO), Northern Border Pipe and its Gas Transmission Northwest Pipe.
Below are the energy companies whose operations have been impacted by wildfires.
Paramount Resources Ltd (POU.TO)
Paramount said its operations in the Grande Prairie and Kaybob regions were affected by the wildfires.
It added that around 50,000 boepd of production has been temporarily curtailed since the evening of May 5.
Crescent Point Energy Corp (CPG.TO)
Crescent Point said about 45,000 boepd of production in the Kaybob Duvernay area has been temporarily closed, with plans to resume production as soon as it is safe and permissible.
The company added that no damage to its assets was reported.
NuVista Energy Ltd (NVA.TO)
The company said it has temporarily shut down all operations near the ongoing fires in the Grande Prairie region and is depressed. The temporary production impact is approximately 40,000 boepd.
Vermilion Energy Inc (VET.TO)
Vermilion Energy said it has temporarily halted production of about 30,000 boepd and is assessing the risk to its operations.
“Our assessment to date indicates minimal damage to our key infrastructure,” it said.
Pipestone Energy Corp (PIPE.TO)
Pipestone said its operations in the Grande Prairie region are being impacted by the ongoing wildfires and production of about 20,000 boepd has been temporarily curtailed since the evening of May 5.
The company said it was not aware of any significant damage or loss to its own or third-party infrastructure.
Baytex Energy Corp (BTE.TO)
The company said that due to the closure of third-party infrastructure in west-central and northwest Alberta since the evening of March 5,
Currently, about 60% of the discounted quantities remain online and are produced for stock, the company said.
Pembina Pipeline Corp (PPL.TO)
The Canadian energy transport company said its Saturn I and II gas plants have been shut down at the Saturn complex north of Hinton and at the Duvernay complex west of Fox Creek.
The facilities have a combined processing capacity of 443 million cubic feet per day and would be restarted once safe to do so, the company said.
Kiwetinohk Energy Corp (KEC.TO)
Kiwetinohk said it has safely suspended the majority of its placid operations in response to downstream disruptions by third parties located near the Alberta wildfires.
Tourmaline Oil Corp (TOU.TO)
The company said it evacuated and closed nine gas processing plants in the South and West Deep Basin. Tourmaline said there is no known damage to these facilities so far and access to the sites is currently prohibited.
Cenovus Energy Inc (CVE.TO)
Cenovus said it has halted production and shut down facilities in some areas of its conventional business.
Whitecap Resources Inc. (WCP.TO)
The company said there was no significant damage to Whitecap’s infrastructure, but production was impacted by downstream third-party disruptions and proactive closures of production in close proximity to the wildfires.
TC Energy Corp (TRP.TO)
The pipeline operator said it shut down two compressor stations in its NOVA Gas Transmission Ltd (NGTL) system closest to the active wildfires in western Alberta due to the trails and proximity of the wildfires.
Other sections of the NGTL system and other pipeline systems continue to operate safely, TC added.
Reporting by Arunima Kumar in Bengaluru; Edited by Anil D’Silva
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