As low oil prices constrain significant growth in Alberta’s oilsands, one SAGD producer is both growing and cutting costs.
May 26, 2017, 11:49 AM MDT
Crescent Point Energy Corp. will only raise its dividend if the long-term oil price outlook is favourable, said Scott Saxberg, president and CEO.
May 25, 2017, 10:38 AM MDT
By reporting a profitable first quarter amid relatively low natural gas prices, Birchcliff Energy Ltd. has shown it doesn’t need overseas LNG exports to make money.
May 12, 2017, 11:40 AM MDT
If someone wanted to illustrate the kind of growth that’s happening in the Montney, NuVista Energy Ltd. would be a good example.
May 11, 2017, 11:49 AM MDT
With limited opportunities for blockbuster growth in the Viking, Raging River Exploration Inc. is looking for other plays.
May 10, 2017, 6 AM MDT
Essential Energy Services Ltd. had to turn down work in the first quarter due to lack of qualified staff for its coil tubing rigs.
May 10, 2017, 11:49 AM MDT
A pipeline to move carbon dioxide from Alberta’s newest bitumen upgrader and refinery to a central Alberta oilfield has been delayed by a few months to mid-2018 as the operator pursues financing.
May 9, 2017, 2:51 AM MDT
Pilots injecting carbon dioxide have more than doubled recovery on conventional heavy oil wells in the Lloydminster area, says Husky Energy Inc. CEO Rob Peabody.
May 8, 2017, 6 AM MDT
While there are many reasons why foreign producers sold oilsands holdings recently, regulatory delays and uncertainty may be one factor, says the head of Canada’s biggest producer.
May 5, 2017, 6 AM MDT
Surging U.S. propane prices on the U.S. Gulf Coast and a shorter shipping distance to Asia could give West Coast exporters of the commodity a competitive advantage over the U.S. Gulf Coast.
May 4, 2017, 6 AM MDT
Helped by strong performance at its Horizon oilsands mining and upgrading project, Canadian Natural Resources Limited reported strong financial and operating results for the first quarter.
May 4, 2017, 11:44 AM MDT
When Encana Corporation reported impressive well results on Tuesday, the company cited its approach to pad development and completion design.
May 3, 2017, 6 AM MDT
When multinationals such as Royal Dutch Shell plc and ConocoPhillips drastically reduced their presence in the Canadian oilsands recently, many pundits interpreted the news as curtain time for Alberta’s biggest industry.
May 1, 2017, 6 AM MDT
The production ramp-up at Imperial Oil Limited’s most recent expansion at Cold Lake is taking longer than expected, but there are no concerns about the project’s ultimate performance, reporters heard on Friday.
May 1, 2017, 9:10 AM MDT
Alberta’s oilsands sector is at the cusp of a technological renaissance that could transform the industry similar to how innovations produced the shale revolution in the United States, a top CEO believes.
April 28, 2017, 6 AM MDT
When Cenovus Energy Inc. announced it was buying oilsands and natural gas assets from ConocoPhillips, it wasn’t unreasonable to assume the seller had insisted the assets be bought as a single package.
April 27, 2017, 3 AM MDT
Cenovus Energy Inc. investors fretting that the company will cease to be an oilsands “pure play” after its Deep Basin acquisition can relax.
April 27, 2017, 3:06 AM MDT
With profits on the upswing, Suncor Energy Inc. today announced plans to repurchase up to $2 billion of its shares over the next 12 months.
April 27, 2017, 11:49 AM MDT
Cenovus Energy Inc. achieved strong financial results and production growth during a quarter in which it announced an acquisition that will double its production.
April 26, 2017, 11:37 AM MDT
The head of Alberta’s biggest regulated power transmission firm believes the price of wind power will be “very competitive” with natural gas-fired power when the province holds its first renewable-power auction later this year.
April 20, 2017, 10:11 AM MDT
Faced with low power prices, TransAlta Corporation is speeding up its transition to natural gas from coal-fired power.
April 20, 2017, 11:28 AM MDT
The Canadian Association of Petroleum Producers (CAPP) is exploring the idea of putting together a proposal for a joint industry-government consortium to do a large-scale commercial rollout of solvent-based bitumen extraction.
April 17, 2017, 8:11 AM MDT
Although it postponed an approved Phase 2 expansion at its Orion development, Osum Oil Sands Corp. wants to expand the SAGD project’s existing phase.
April 11, 2017, 11:14 AM MDT
Since it was invented more than a century ago the core concept of a car has remained essentially unchanged. It’s mechanically driven with a combustion engine burning oil-based fuels. It has mechanical and hydraulic controls. And it’s operated by a human.
April 10, 2017, 6 AM MDT
Carmakers aren’t likely to scale back plans for electric vehicles regardless of potential changes in U.S. fuel economy standards, says a representative of Canada’s major motor vehicle manufacturers.
April 7, 2017, 7:11 AM MDT