Imperial Oil Limited’s Kearl asset set a quarterly production record but the company’s consolidated Q3 output fell by about 7,000 boe/d year-over-year.
October 27, 2023, 10:53 AM MDT
Increased output from its Clearwater and Charlie Lake assets helped Tamarack Valley Energy Ltd. deliver Q3 production of 68,597 boe/d, the highest quarterly production in company's history and a 58 per cent year-over-year increase.
October 26, 2023, 10:33 AM MDT
After recently selling its Marten Hills Pipeline — indeed the company — to Kingston Midstream Limited’s wholly-owned subsidiary, Kingston Midstream Alberta Limited, Rangeland Midstream Canada Limited is well on its way to creating version 2.0 of the company.
October 24, 2023, 6 AM MDT
Fresh off marking the completion of its Key Access Pipeline System (KAPS) pipeline, Keyera Corp. is making inroads on eventually extending the line into the British Columbia Montney, says company president and CEO Dean Setoguchi.
October 18, 2023, 12 AM MDT
After steadily being under US$20 over the summer, the West Texas Intermediate (WTI)-Western Canadian Select (WCS) differential has widened considerably the past few weeks.
October 18, 2023, 9:23 AM MDT
Merger and acquisition (M&A) activity in the prolific Montney play in northeast British Columbia and northwest Alberta has been relatively strong so far this year and more deals are likely in the cards going forward, say industry analysts.
October 5, 2023, 8 AM MDT
The U.S. Energy Information Administration (EIA) says OPEC+ production cuts have driven up sour-heavy crude oil prices around the world, a situation that has resulted in an almost twofold increase in Canadian heavy exports from the Gulf Coast.
October 4, 2023, 6 AM MDT
Obsidian Energy Ltd.’s Peace River assets are front-and-centre in the company’s new three-year plan and will provide the lion’s share of production growth during the period, president and CEO Stephen Loukas says.
September 22, 2023, 12 AM MDT
Although the Canadian Gas Association (CGA) is known as the “voice of Canada’s natural gas delivery industry,” the group has increasingly become an advocate for growing the nation’s liquefied natural gas industry and the upstream output needed to supply LNG.
September 6, 2023, 12 AM MDT
Shortly after the massive LNG2023 conference in Vancouver wrapped up in July, Tim Egan, president and CEO of the Canadian Gas Association (CGA) wrote a letter to Prime Minister Justin Trudeau updating the Liberal leader on some of what transpired during the event, which was hosted by the CGA.
September 5, 2023, 8:46 AM MDT
Although a final investment decision and green-lighting of the Pathways Alliance’s foundational carbon trunk line and CCS project has yet to occur, the group’s president says progress is being made on many fronts.
August 31, 2023, 12 AM MDT
The Alberta government’s non-renewable resource revenue (NRR) for fiscal 2023-24 is now expected to be $17.67 billion, a decrease of $694 million from the Budget 2023 projection of $18.36 billion, the province said in its first quarter fiscal update this morning.
August 31, 2023, 11:13 AM MDT
Negotiations between the six Pathways Alliance member companies and the federal government continue to move forward, say some senior oilsands sector executives.
August 15, 2023, 12 AM MDT
Pieridae Energy Limited says production has largely recovered from unscheduled downtime during the second quarter, with recent field production back to about 35,600 boe/d.
August 10, 2023, 9:32 AM MDT
Although Pembina Pipeline Corporation announced a deferral on a final investment decision (FID) on the Cedar NLG project to the fourth quarter, the partnership with the Haisla Nation continues to advance pre-FID work.
August 8, 2023, 12 AM MDT
Pembina Pipeline Corporation is continuing to advance various low-carbon business opportunities and more investment to that emerging segment is expected going forward, company officials said during a Q2 conference call Friday.
August 8, 2023, 8:08 AM MDT
As a result of strong execution on its thermal in situ growth plan, Canadian Natural Resources Limited expects Q3 average thermal production to be 280,000 bbl/d, which represents growth of approximately 30,000 bbl/d from Q4/22 levels.
August 4, 2023, 12 AM MDT
While dissipating somewhat from recent highs, Canadian Natural Resources Limited’s top executive says inflationary pressures are still in play, especially on the labour front.
August 4, 2023, 12 AM MDT
Pembina Pipeline Corporation’s top executive says the final investment decision (FID) for the proposed Cedar LNG project has been delayed to the fourth quarter.
August 4, 2023, 11:03 AM MDT
Pembina Pipeline Corporation’s total Q2 volumes of 3.187 million boe/d fell by approximately five per cent over the same period in the prior year with the impacts of the western Canadian wildfires playing a prominent role in the decrease.
August 4, 2023, 10:54 AM MDT
Canadian Natural Resources Limited’s Q2 production was negatively affected by a variety of factors including the wildfires in Western Canada, resulting in an average production impact of approximately 24,400 boe/d.
August 3, 2023, 11:09 AM MDT
Canadian Natural Resources Limited says the outlook for western Canadian crude producers remains “constructive” and is set up well going into 2024 as the Trans Mountain expansion project is expected to call for line fill in the coming months.
August 3, 2023, 3:57 PM MDT
With weak prices and some costs increases, Canadian Natural Resources Limited president Tim McKay said that the company has pulled back slightly on its anticipated natural gas-related activity.
August 3, 2023, 2:35 PM MDT
After a relatively strong first half of the year, Imperial Oil Limited’s top executive has a somewhat bullish take on the crude and refined product markets for the second half of 2023.
July 31, 2023, 12 AM MDT
Imperial Oil Limited “reached an important milestone” with its Strathcona Renewable Diesel project in Q2 as the company began mobilizing key contractors to the site to commence construction, says president and CEO Brad Corson.
July 31, 2023, 12 AM MDT
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