While 2023 has been a solid year in general for Canadian heavy oil producers and Western Canadian Select (WCS) realized prices, differentials between WCS and North American benchmark West Texas Intermediate (WTI) have followed their usual volatile path.
December 20, 2023, 6 AM MST
Imperial Oil Limited is forecasting 2024 capital spending $1.7 billion.
December 18, 2023, 3:20 PM MST
Canadian Natural Resources Limited’s capital expenditures will be weighted heavily towards drilling thermal development wells in the first half of 2024 that will be brought onstream in early 2025, Scott Stauth, chief operating officer for CNRL’s oilsands operations told analysts at the company’s 2024 budget conference call Wednesday.
December 14, 2023, 12:42 PM MST
Canadian Natural Resources Limited’s 2024 capital budget is targeted at approximately $5.4 billion.
December 14, 2023, 12 AM MST
In October, Canadian supply inched up by 10,000 bbls/d to 5.7 million bbls/d, following large upward revisions to Q3 2023 data.
December 14, 2023, 12 AM MST
Cenovus Energy Inc. expects to invest capital of between $4.5 billion and $5.0 billion in 2024.
December 14, 2023, 4:45 AM MST
December 14, 2023, 10:03 AM MST
Suncor Energy Inc. outlined a $6.3-$6.5 billion capital spending program for 2024.
December 5, 2023, 3:40 PM MST
November 30, 2023, 9:22 AM MST
November 29, 2023, 12 AM MST
TC Energy Corporation’s top executive says the company’s decision to spin off its liquids business to form South Bow Corporation “will unlock the evident value we see from each company’s unique opportunity set.”
November 28, 2023, 3:05 PM MST
Investment should increase in Canada’s oil and gas sector the next few years as egress out of Western Canada improves and investors begin to understand the huge resource potential of the WCSB, Grant Fagerheim, president and chief executive officer of Whitecap Resources Inc., told the crowd at the Canadian Association of Energy Contractors (CAOEC) State of the Industry event in Calgary on Friday.
November 27, 2023, 9:40 AM MST
On Oct. 9, 2023, Suncor Energy Inc. reported to the EDGE call centre an unplanned release of approximately 662 cubic metres of surface runoff from a containment pond located adjacent to the Fort Hills oilsands project into the Athabasca River, reported the Alberta Energy Regulator (AER)
November 27, 2023, 12 AM MST
MEG Energy Corp. has outlined its 2024 capital spending plan.
November 27, 2023, 3:32 PM MST
November 24, 2023, 12 AM MST
Greenfire Resources Ltd. president and CEO Robert Logan says Q3 was a “transformative quarter” for the company, which is focused on the sustainable production and development of thermal energy resources in the Athabasca region of Alberta.
November 17, 2023, 7:34 AM MST
Strathcona Resources Ltd. reported a year-over-year production increase of 23 per cent in the third quarter, resulting in steady financial performance, the company reported in its first quarter as a public company after its transaction with Pipestone Energy Corp. that closed in early October.
November 14, 2023, 6:53 AM MST
Strathcona Resources Ltd. expects to spend around $1.3 billion in 2024 to grow production to 190,000 to 195,000 boe/d, up from expected average fourth quarter 2023 production of approximately 185,000 boe/d.
November 14, 2023, 7:01 AM MST
Canadian oil supply rebounded in October.
November 14, 2023, 12 AM MST
Suncor Energy Inc. continues to revamp its mining fleet, including swapping out many older haul vehicles with considerably larger units and furthering the company’s autonomous haul capabilities.
November 10, 2023, 12 AM MST
Suncor Energy Inc. has completed its planned headcount reduction sooner than expected and the moves have resulted in more savings than originally anticipated, says Rich Kruger, president and CEO.
November 10, 2023, 9:07 AM MST
Shortly after being named president and CEO of Suncor Energy Inc. some seven months ago, Rich Kruger highlighted the company’s turnaround performance as one of the areas he considered a “high priority for improvement.”
November 10, 2023, 10:17 AM MST
Like its oilsands brethren, Suncor Energy Inc. expects the currently wide WTI-WCS differential to track lower as the Trans Mountain expansion project nears completion.
November 9, 2023, 2:35 PM MST
Suncor Energy Inc. Q3 total upstream output decreased to 690,500 boe/d from 724,100 boe/d a year earlier as solid combined upgrader utilization outside of planned maintenance activities and continued strong in situ performance was partially offset by asset divestments in the exploration and production segment.
November 9, 2023, 10:52 AM MST
Experience gained through exporting its blended bitumen production off the U.S. Gulf Coast should help MEG Energy Corp. maximize netbacks by finding the right customers when it begins exporting off Canada’s West Coast through TMX this winter, president and chief executive officer Derek Evans said at the company’s third quarter conference call.
November 8, 2023, 9:58 AM MST
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