The Alberta Energy Regulator (AER) says it is actively investigating and responding to an incident of industrial wastewater seepage from tailings ponds at Imperial Oil Limited’s Kearl oilsands project.
March 2, 2023, 2:03 PM MST
Athabasca Oil Corporation reported production of 35,850 boe/d (93 per cent liquids) in Q4 and 35,262 boe/d (92 per cent liquids) in 2022, exceeding its annual upwardly revised guidance of 34-35,000 boe/d.
March 2, 2023, 12:43 PM MST
After setting a quarterly production record in Q4 of 110,805 bbls/d, MEG Energy Corp. officials say there’s room to add volumes from the company’s Christina Lake asset at a slow and steady pace going forward.
March 1, 2023, 12 AM MST
Mikisew Group, the business entity of the Mikisew Cree First Nation, announced its partnership with Inline Group Inc. and the development of Mikisew Inline LP.
March 1, 2023, 10:42 AM MST
The spread between West Texas Intermediate (WTI) and Western Canadian Select (WCS) oil prices is expected to narrow as factors that weighed on the differential in late 2022 dissipate and additional pipeline capacity comes online later this year, the Alberta government noted in its budget tabled on Feb. 28.
February 28, 2023, 3:19 PM MST
MEG Energy Corp. delivered record Q4 and full-year 2022 bitumen output while strong price realizations enabled the company to post solid financial results.
February 28, 2023, 9:54 AM MST
February 27, 2023, 3:29 PM MST
Pathways Alliance members have awarded a $10 million contract to Wood, a global engineering and consulting company, to develop detailed plans for a 400-kilometre CO2 transportation line that will eventually link more than 20 oilsands facilities with a hub for permanent carbon storage in the Cold Lake, Alberta region.
February 22, 2023, 8:05 AM MST
Suncor Energy Inc. named former Imperial Oil Limited top executive Rich Kruger as the company’s next president and chief executive officer, effective April 3, 2023.
February 21, 2023, 5:29 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
North American Construction Group Ltd. (NACG) posted record-breaking results for its fourth quarter 2022, buoyed by increased activity and contractual backlog, higher critical maintenance staff numbers, successful inflation management, new tech implementation, and high rates of equipment utilization.
February 17, 2023, 7:06 AM MST
Cenovus Energy Inc. announced that as part of the company’s leadership succession plan, Alex Pourbaix will shift to the role of executive chair and Jon McKenzie, the company’s current executive vice-president and chief operating officer, will become president and chief executive officer.
February 16, 2023, 4:11 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
Cenovus Energy Inc.’s chief sustainability officer, Rhona DelFrari, has been promoted to executive vice-president, stakeholder engagement (from senior vice-president), “reflecting the growing criticality of the portfolio to the company’s long-term success as well as DelFrari’s industry leadership and expertise,” the company announced in its Q4 results.
February 16, 2023, 4:18 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
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.'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
Canadian oil production will approach six million bbls/d for 2023, which will help lead a non-OPEC+ supply hike.
February 15, 2023, 12 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
TC Energy Corporation reported EBITDA of $9.9 billion for 2022, driven by high utilization of its North American natural gas pipeline system and strong performance of its power generation business, the company reported this morning.
February 14, 2023, 9:43 AM MST
Nearly 800 workers remain on scene cleaning up after the Keystone Pipeline rupture in early December in Washington County, Kansas, TC Energy Corporation reported during its year-end conference call earlier this week.
February 14, 2023, 3:08 PM MST
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