Baytex Energy Corp.’s president and CEO Eric Greager says 2022 was “an exciting year for Baytex” as the company delivered strong operating results, generated record free cash flow, further strengthened its balance sheet and initiated direct shareholder returns.
February 24, 2023, 10:55 AM MST
Despite recent commodity price weakness, Whitecap Resources Inc. remains bullish in its outlook for crude oil and natural gas pricing going forward.
February 24, 2023, 12 AM MST
Whitecap Resources Inc. achieved record annual production in 2022 and set company high watermarks for funds flow from operation and other financial performance metrics as its spree of acquisitions since 2020 backstopped the strong results.
February 23, 2023, 11:14 AM MST
Cenovus Energy Inc. is optimistic that the recent tightening of the West Texas Intermediate (WTI)-Western Canadian Select (WCS) differential will be an ongoing trend as 2023 unfolds.
February 17, 2023, 6 AM MST
Cenovus Energy Inc. produced strong Q4 and full-year 2022 operating and financial results with output topping 800,000 boe/d in the fourth quarter.
February 16, 2023, 11:12 AM MST
News of Cenovus Energy Inc.’s leadership succession plan was top-of-mind during the company’s Q4 and year-end results conference call Thursday.
February 16, 2023, 3:24 PM MST
While he had the option and support to continue on in his role of president and CEO if he chose, Alex Pourbaix’s decision to hand over the keys of Cenovus Energy Inc. to chief operating officer Jon McKenzie ensures a “thoughtful and measured succession plan” that is a “hallmark of a well-managed company.”
February 16, 2023, 3:37 PM MST
Suncor Energy Inc. could make a decision on its proposed Base Mine Extension Project within two years and is also investigating other options to eventually replace production as the asset continues to show its age and output continues its slow but steady decline.
February 16, 2023, 12 AM MST
Suncor Energy Inc. interim president and CEO Kris Smith says he expects the company’s board of directors to announce a permanent top executive in short order.
February 15, 2023, 8:54 AM MST
Suncor Energy Inc. remains “laser-focused” and continues to progress several initiatives designed to drive improved safety and operational performance across the company, says Kris Smith, interim president and CEO.
February 15, 2023, 12:44 PM MST
Suncor Energy Inc.'s total upstream production increased by about 20,000 bbls/d to 763,100 boe/d in the fourth quarter of 2022 versus 743,300 boe/d in the prior year quarter, primarily driven by increased production from the company's oilsands assets.
February 15, 2023, 10:43 AM MST
Cenovus Energy Inc.’s top executive concedes there’s “a lot more work to be done” by both the Pathways Alliance and governments to ensure the group’s proposed foundational carbon capture and storage mega project eventually moves forward and is sanctioned.
February 14, 2023, 6 AM MST
Although a deal doesn’t appear to be imminent, Enbridge Inc. says it wants to “get to a solution as soon as possible” in its negotiations with shippers regarding a new Mainline tolling agreement.
February 14, 2023, 9 AM MST
Enbridge Inc. has temporarily put on hold its T-North open season to allow producers affected to refine and adjust their development plans given the recent agreement reached by the B.C. government and Blueberry River First Nations.
February 13, 2023, 10:39 AM MST
Enbridge Inc. says it continues to advance two potential commercial frameworks for the Canadian Mainline in parallel — a new incentive rate-making agreement and a Canadian Mainline cost-of-service application.
February 10, 2023, 10:30 AM MST
International Petroleum Corporation’s (IPC) recently sanctioned Blackrod Phase 1 steam assisted gravity drainage (SAGD) project in northern Alberta will be a key driver of the company’s operational growth going forward, executives said during a Capital Markets Day event this week.
February 9, 2023, 10:57 AM MST
Not too long after being appointed president and CEO of Cenovus Energy Inc. in the fall of 2017, Alex Pourbaix and his team identified what they considered a weak link in the company’s operations — a general lack of downstream integration that would help ease crude price and light-heavy differential volatility.
February 8, 2023, 12 AM MST
After a stellar and almost three decade-long career in the midstream sector, Alex Pourbaix knew there would be a steep learning curve after he pursued and eventually secured the top job at Cenovus Energy Inc.
February 7, 2023, 6 AM MST
Following the successful completion of FEED studies and the continued strong production performance from well pair three during 2022, International Petroleum Corporation (IPC) has taken the decision to advance the development of Phase 1 of the Blackrod project.
February 7, 2023, 10:07 AM MST
International Petroleum Corporation (IPC) delivered Q4 average net production of 49,200 boe/d, above the high end of guidance for the quarter and up from 46,800 boe/d during the same period in 2021.
February 7, 2023, 11:06 AM MST
While some of its integrated oilsands’ brethren have suffered downstream issues in recent months, Imperial Oil Limited says its own downstream segment continues to outperform.
February 3, 2023, 12 AM MST
Although “strength in commodity prices was a key part of the story” for 2022, Imperial Oil Limited’s top executive says the widening of West Texas Intermediate (WTI)-Western Canadian Select (WCS) differentials was an unwelcome turn of events.
February 1, 2023, 12 AM MST
Imperial Oil Limited’s announcement last week that it’s moving forward with its $720 million renewable diesel project at its Strathcona Refinery near Edmonton further bolsters the company’s downstream segment and its commitment to substantially reduce its environmental footprint.
February 1, 2023, 12 AM MST
Imperial Oil Limited continues to assess merger and acquisition opportunities as it always has, but management says potential deals in the current market can’t compete with internal growth possibilities the company has at its disposal.
February 1, 2023, 12 AM MST
Despite a slight dip in year-over-year Q4 production volumes, Imperial Oil Limited more than doubled earnings while cash flow was up by more than $1 billion, during a period in which president and CEO Brad Corson said the company “set numerous records” in both operating and financial results.
January 31, 2023, 11:17 AM MST
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