The West Texas Intermediate (WTI)-Western Canadian Select (WCS) differential has held in a healthy range over the past few months and Martin King, senior analyst with RBN Energy, LLC, expects more of the same in the second half of the year.
May 29, 2023, 6 AM MDT
ConocoPhillips is exercising its preemption right to purchase the remaining 50 per cent interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (C$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (C$440 million).
May 26, 2023, 10:51 AM MDT
MEG Energy Corp. made a $100,000 contribution to the Canadian Red Cross 2023 Alberta Fires Appeal and its efforts to support Albertans affected by wildfires.
May 19, 2023, 12 AM MDT
May 17, 2023, 11:06 AM MDT
Gibson Energy Inc. has sanctioned the construction of two tanks, representing 870,000 bbls of new tankage, at its Edmonton Terminal underpinned by a 15 year take-or-pay and stable fee-based contract agreement with Cenovus Energy Inc.
May 16, 2023, 2:34 PM MDT
On May 13, Suncor Energy Inc. reported through EDGE, a total of 27 deceased waterfowl including seven Grebe, a sensitive bird species, reported the Alberta Energy Regulator (AER).
May 15, 2023, 3:55 AM MDT
May 12, 2023, 12 AM MDT
May 11, 2023, 12 AM MDT
Suncor Energy Inc. says it continues to progress “disciplined decisions” to streamline its portfolio, enabling greater fit and focus and allowing the company to allocate resources to its highest value core assets.
May 10, 2023, 11:01 AM MDT
Six weeks into his tenure as Suncor Energy Inc.’s top executive, Rich Kruger has gotten the lay of the land and gained a more in-depth understanding of the strengths of the company as well as safety and operational issues that have plagued it in recent years.
May 9, 2023, 3:34 PM MDT
While only six weeks into the job, Suncor Energy Inc.’s new president and CEO, Rich Kruger, has hit the ground running and has some lofty goals going forward in his quest to improve the company’s safety and operational performance.
May 9, 2023, 10:16 AM MDT
Enbridge Inc.’s liquids pipelines segment continues to advance the company’s U.S. Gulf Coast export strategy and the recent sanctioning of the Enbridge Houston Oil Terminal (EHOT) will strengthen the full-path service offering and “furthers our world-class export platform,” says Greg Ebel, president and CEO.
May 8, 2023, 6 AM MDT
Enbridge Inc.’s top executive says the agreement in principle with shippers on a negotiated settlement on the Mainline liquids system is a “win-win-win for us, our customers and the markets we serve.”
May 5, 2023, 10:29 AM MDT
Canadian Natural Resources Limited continues to advance its strategic growth plan for its thermal in situ, and production in Q4/23 is targeted to average approximately 280,000 bbls/d, representing growth of approximately 30,000 bbls/d from fourth quarter 2022 levels, inclusive of natural field declines.
May 5, 2023, 12 AM MDT
Canadian Natural Resources Limited delivered record natural gas production in the first quarter and boosted overall volumes to 1.32 million boe/d from 1.28 million boe/d during the comparable period in 2022, representing a three per cent year-over-year increase.
May 4, 2023, 10:32 AM MDT
Environment and Climate Change Canada Enforcement has opened an investigation into a suspected contravention of subsection 36(3) of the Fisheries Act at Imperial Oil Limited’s Kearl oilsands site.
May 4, 2023, 1:08 PM MDT
MEG Energy Corp. has reiterated its previously-disclosed plan to grow output at a moderate, sustainable pace on its way to average output of 120,000 bbls/d over the next two to three years.
May 3, 2023, 8:39 AM MDT
MEG Energy Corp. will look to expand its export capacity off the U.S. Gulf Coast from its current level of 500,000 bbls per month of contracted dock space, Derek Evans, president and CEO, told a Q1 conference call this morning.
May 2, 2023, 11:12 AM MDT
While the company’s bitumen output increased year-over-year, MEG Energy Corp. reported steep declines in earning and cash flow for Q1.
May 2, 2023, 9:23 AM MDT
Imperial Oil Limited continues to advance its Cold Lake Grand Rapids expansion project and the company is on track to meet its accelerated plan that will see Phase 1 start-up by year-end 2023.
May 1, 2023, 6 AM MDT
North American Construction Group Ltd. (NACG) presented an upbeat first quarter presentation to investors in which the company posted $242.61 million in revenues in the quarter ending March 31, compared with revenues for the same period a year ago of $176.71 million.
May 1, 2023, 6 AM MDT
Higher production at Kearl helped Imperial Oil Limited increase first quarter output while earnings were also up year-over-year.
April 28, 2023, 11:04 AM MDT
Suncor Energy Inc. has agreed to purchase TotalEnergies SE’s Canadian operations through the acquisition of TotalEnergies EP Canada Ltd., which holds a 31.23 per cent working interest in the Fort Hills oilsands mining project and a 50 per cent working interest in the Surmont in situ asset.
April 27, 2023, 12 AM MDT
Following the announcement of its plans to spin-off its Canadian assets, TotalEnergies SE says it received several unsolicited offers among which an offer from Suncor Energy Inc. for the acquisition of the entirety of the shares of TotalEnergies EP Canada Ltd.
April 27, 2023, 12 AM MDT
Despite a rough Q1 for its U.S. Manufacturing segment, Cenovus Energy Inc. remains confident its integrated strategy will deliver in all areas of the business with the “performance that you have come to expect of us and, more importantly, the performance we expect of ourselves,” outgoing president and CEO Alex Pourbaix said during a conference call Wednesday.
April 27, 2023, 4:17 AM MDT
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