After a tough year in 2023 for its downstream segment, Cenovus Energy Inc. officials say that steps continue to be taken to improve reliability and performance of its refining and upgrading assets.
March 6, 2024, 12 AM MST
Oil supply growth from Western Canada and the Permian is driving optimization and expansion potential for its liquids pipelines business, says Enbridge Inc.
March 6, 2024, 11:11 AM MST
Baytex Energy Corp. exceeded guidance in the fourth quarter 2023, and president and CEO Eric Greager said 2023 demonstrated the strength of its oil-weighted portfolio.
March 5, 2024, 12 AM MST
Enbridge Inc. says that the Canada Energy Regulator (CER) has approved the Mainline tolling negotiated settlement effective until Dec. 31, 2028.
March 4, 2024, 2:46 PM MST
In total, 993 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2023, a six per cent decrease versus 2022.
March 4, 2024, 12 AM MST
Athabasca Oil Corporation says it expects to generate over $1 billion in free cash flow during the three-year timeframe of 2024-26.
March 4, 2024, 11 AM MST
During the year, operators spud 577 gross wells (21.5 net) across Topaz Energy Corp.'s royalty acreage, a two per cent increase from 2022, which represents approximately 14 per cent of the 2023 total rig releases across the WCSB.
March 4, 2024, 3:11 PM MST
With line of sight to the start-up of the Trans Mountain expansion project, market conditions are expected to improve for western Canadian crude producers, say two top oilsands executives.
March 1, 2024, 2:33 PM MST
Baytex Energy Corp.’s Clearwater assets were hitting the high end of its production range, the company announced during its fourth quarter 2023 call-in to investors.
March 1, 2024, 10 AM MST
The cost to produce a boe for Tamarack Valley Energy Ltd. is declining.
February 28, 2024, 2:50 PM MST
Development activity has increased Obsidian Energy Ltd.’s current production to over 36,500 boe/d, based on field estimates.
February 28, 2024, 12 AM MST
Given rising production and producer activity from the Clearwater oil play, Pembina Pipeline Corporation says it continues to experience strong demand for service on the Nipisi pipeline, with current volumes of approximately 33,000 bbls/d.
February 26, 2024, 8:41 AM MST
SECURE Energy Services Inc. expects activity levels to remain robust in both the energy and industrial sectors for 2024.
February 26, 2024, 10:39 AM MST
Gibson Energy Inc. posted record financial results in its fourth quarter and full year 2023, thanks to its Gateway Terminal acquisition and in the stability of its overall asset base.
February 23, 2024, 12 AM MST
The Trans Mountain pipeline expansion delay was keenly discussed during Gibson Energy Inc.’s fourth quarter 2023 results call-in, with president and CEO Steve Spaulding telling an analyst they are considering the delay “indefinite” until they hear otherwise.
February 22, 2024, 5:24 AM MST
Obsidian Energy Ltd. had an active 2023 capital program with both development and exploration/appraisal activities, providing a solid foundation as it enters the first year of its three-year growth plan to increase production to over 50,000 boe/d in 2026.
February 22, 2024, 7:42 AM MST
Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million
February 22, 2024, 6 AM MST
February 21, 2024, 9:51 AM MST
Cenovus Energy Inc. says the pending startup of the Trans Mountain expansion project is eagerly awaited and will benefit the company, as well as the sector as a whole.
February 16, 2024, 6:03 AM MST
Canadian output in January fell by an estimated 360,000 bbls/d to 5.9 million bbls/d, reported the International Energy Agency (IEA), as an Arctic freeze affected operations across Alberta.
February 15, 2024, 4:32 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 AM MST
Cardinal Energy Ltd. has entered into an agreement for the engineering, fabrication and field construction of the central processing facility at its Reford thermal project in Saskatchewan, including the first SAGD well pad.
February 13, 2024, 12 AM MST
Enbridge Inc.’s Mainline system delivered strong volumes in the fourth quarter and the company remains confident that trend will continue this year, despite the eventual start-up of the Trans Mountain expansion project.
February 9, 2024, 2:36 PM MST
Construction is under way at International Petroleum Corporation’s (IPC) Blackrod SAGD development, with first oil from the 30,000 bbls/d phase one of the project still on track for late 2026, said new company president and chief executive officer William Lundin at IPC’s Capital Markets Day.
February 7, 2024, 9:23 AM MST
During Precision Drilling Corporation’s Q4 2023 results call-in, president and CEO Kevin Neveu gave an overview of how he saw Canadian drilling and well services responding to developing Canadian oil and gas market needs, with a strong operational and financial performance throughout 2023 continuing momentum into 2024.
February 7, 2024, 1:56 PM MST
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