As producers slash their capital programs, Keyera Corp. is working with its natural gas gathering and processing customers, where appropriate, to develop mutually beneficial solutions to help keep their volumes flowing in the short term, says a company executive.
May 13, 2020, 3:58 PM MDT
The Alberta government and the Canadian Association of Petroleum Producers (CAPP) have welcomed Monday’s announcement by the federal government of a new multi-sector bridge financing program to help large employers, although they caution the details remain to be worked out.
May 12, 2020, 6:20 AM MDT
The federal government today announced some long awaited assistance for Canada’s largest employers in all sectors, including those in the oilpatch, to help them keep from going under and to position them for a rapid economic recovery.
May 11, 2020, 11:36 AM MDT
Pembina Pipeline Corp. is ready to recover from the economic downturn and has the ability to make money despite the current circumstances — including the price of oil — company shareholders heard Friday.
May 11, 2020, 6 AM MDT
Heavy oil is expected to lead the way as refinery demand gradually picks up in the United States Midwest and other regions later this year and refineries look to take advantage of available capacity on the Canadian Mainline, the chief executive of Enbridge Inc. said Thursday.
May 8, 2020, 12 AM MDT
Pembina Pipeline Corporation recorded first quarter 2020 earnings of $314 million, in line with $313 million in the comparable 2019 period.
May 8, 2020, 11:17 AM MDT
Enbridge Inc. reported improved adjusted earnings in the first quarter of 2020 while posting a $1.43 million loss due to a non-cash impairment of $1.74 million of its investment in DCP Midstream and non-cash unrealized derivative fair value losses of $1.96 million.
May 7, 2020, 11:05 AM MDT
Enbridge Inc. says it has agreed to sell 49 per cent of its 50 per cent interest in a three early stage French offshore wind farms to Canada Pension Plan (CPP) investments.
May 7, 2020, 11:19 AM MDT
Enbridge Inc.’s plan to use a portion of the Legacy Line 3 pipeline from Regina to Cromer for light sweet crude oil storage on a temporary basis has run into opposition from a Saskatchewan First Nations tribal council.
May 6, 2020, 10:47 AM MDT
Enbridge Inc. does not yet have a firm in-service date for the United States segment of its Line 3 replacement project as it still needs permits from the state of Minnesota, the company’s chief executive said Tuesday.
May 6, 2020, 12 AM MDT
The current uncertainty surrounding the COVID-19 pandemic is creating challenges for the Canada Energy Regulator (CER) as it attempts to balance proponent deadlines for new pipeline projects with the concerns by First Nations stakeholders about their ability to adequately participate in proceedings.
May 5, 2020, 12 AM MDT
As oil producers contend with a global glut of oil and tight storage, Enbridge Inc. says it has identified an opportunity to use a portion of its legacy Line 3 pipeline in Canada between Regina and Cromer, as temporary, regulated storage for light sweet crude before the pipeline is decommissioned next year.
May 5, 2020, 6 AM MDT
The Alberta Energy Regulator (AER) says it denied five applications from Highwood Oil Company Ltd. to transfer assets to 1852797 AB because Highwood sought to vary the conditions proposed by the regulator.
May 5, 2020, 5:22 PM MDT
Rebuilding the culture, including that of mutual trust and respect, of the Alberta Energy Regulator (AER) is a top priority for the organization, says the regulator’s new chief executive officer.
May 4, 2020, 8:41 AM MDT
TC Energy Corporation believes that it will be able to complete a significant amount of work on Keystone XL in the United States this year despite a recent court decision in Montana that vacated its nationwide water permits, a company executive said Friday.
May 4, 2020, 12 AM MDT
The Canada Energy Regulator (CER) needs to reject requests from a number of producers that it postpone the proceeding on Enbridge Inc.’s application for contract service on the Canadian Mainline for at least six months, says the company.
May 4, 2020, 8:29 AM MDT
Whitecap Resources Inc. expects that one million to 1.5 million bbls/d of Canadian production will be suspended, Grant Fagerheim, president and chief executive officer, said in a conference call to discuss first quarter 2020 results.
April 30, 2020, 6 PM MDT
A total of 83 confirmed cases of COVID-19 have been identified in an outbreak at Imperial Oil Limited’s Kearl Lake oilsands mine, Alberta’s chief medical officer of health said Wednesday.
April 30, 2020, 12 AM MDT
While so far the market appears to be responding to reduced global oil demand, it’s important that the Alberta government keep a close eye on the growth of crude oil storage levels in the province and have a plan should it see storage heading towards its upper limits, says the chief executive of Cenovus Energy Inc.
April 29, 2020, 11:45 AM MDT
With crude oil prices near historic lows, the chief executive officer of Cenovus Energy Inc. said Wednesday that despite the current market volatility he’s in no hurry to put hedges in place, although he won’t rule it out if prices were to improve.
April 29, 2020, 2:59 PM MDT
Cenovus Energy Inc. reported a net loss of $1.8 billion in the first quarter of 2020 compared to a $110 million profit in the comparable 2019 quarter, reflecting the combined impact of reduced oil demand due to the COVID-19 pandemic and the Saudi-Russia price war.
April 29, 2020, 9:24 AM MDT
A Canada Energy Regulator (CER) regulatory proceeding on Enbridge Inc.’s application to convert the Canadian Mainline to contract service should be postponed due to the current uncertainty, say producers and industry groups.
April 27, 2020, 12 AM MDT
A $1 billion federally-funded program aimed at putting energy workers back to work immediately while accelerating well site abandonment and reclamation efforts will launch May 1 with an initial $100 million, the Alberta government said Friday.
April 27, 2020, 12 AM MDT
James Rajotte, a former Alberta Conservative Member of Parliament and telecommunications executive, will be off to Washington, D.C. May 1 to serve as Alberta’s new senior representative in Washington, D.C.
April 27, 2020, 12 AM MDT
Whitecap Resources Inc. expects the second quarter of 2020 to be its most difficult period to navigate with the pandemic and global oversupply crisis but believes it will emerge stronger in many ways, its chief executive said Wednesday.
April 23, 2020, 8:25 AM MDT