Strathcona Resources Inc.’s anticipated 2024 capital budget of $1.3 billion continues to progress as planned though the company has deferred some activity due to weak natural gas prices.
March 27, 2024, 10:54 AM MDT
Greenfire Resources Ltd. says it continues to build on positive production results and impactful initial contributions in Q4 2023 from the company's redevelopment infill (refill) drilling program and facility optimization initiatives at its Hangingstone Expansion and Demo assets.
March 21, 2024, 9:12 AM MDT
Calfrac Well Services Ltd. says 2024 has gotten off to a tepid start for its North American segment and the company could defer some planned spending in the coming months as a result.
March 15, 2024, 12 AM MDT
STEP Energy Services Ltd. says Canadian activity levels have been strong in Q1, particularly for the fracturing service line which is seeing high utilization across the six active crews.
March 13, 2024, 12 AM MDT
Despite continued weakness in North American natural gas prices, STEP Energy Services Ltd. has yet to see a material pull-back in E&P customers’ activity.
March 13, 2024, 6 AM MDT
The western Canadian oil and gas sector continues to keep a keen eye on drought conditions and prepare for the potential of water restrictions in both British Columbia and Alberta.
March 12, 2024, 8 AM MDT
AltaGas Ltd.’s top executive says the fundamentals for the company’s Canadian midstream business remain “compelling” despite the current weakness in natural gas prices.
March 11, 2024, 6:18 AM MDT
Although the fourth quarter is a seasonally low quarter for exports, AltaGas Ltd. says liquefied petroleum gas (LPG) volumes shipped were below internal expectations due to delayed ship arrivals at its terminals in December, which were loaded in the first quarter of 2024.
March 8, 2024, 11:09 AM MST
After a tough year in 2023 for its downstream segment, Cenovus Energy Inc. officials say that steps continue to be taken to improve reliability and performance of its refining and upgrading assets.
March 6, 2024, 12 AM MST
Cenovus Energy Inc.’s offshore assets in Atlantic Canada and the Asia Pacific region remain important components of the portfolio as the company continues to execute on its five-year plan to 2028.
March 5, 2024, 1:24 PM MST
With natural gas prices languishing, Canadian Natural Resources Limited may divert capital away from that segment to others in its vast portfolio.
March 4, 2024, 6 AM MST
With line of sight to the start-up of the Trans Mountain expansion project, market conditions are expected to improve for western Canadian crude producers, say two top oilsands executives.
March 1, 2024, 2:33 PM MST
MEG Energy Corp. reached a milestone in 2023 as average production grew by six per cent, averaging over 100,000 bbls/d for the first time and exiting the year at approximately 110,000 bbls/d.
March 1, 2024, 9:03 AM MST
A changing of the guard is in the works at MEG Energy Corp. and current president and CEO Derek Evans is confident in the company’s succession plan and outlook.
March 1, 2024, 10:14 AM MST
Canadian Natural Resources Limited delivered strong fourth quarter and full-year 2023 operational results, and achieved multiple production records including annual average total production of approximately 1.33 million boe/d.
February 29, 2024, 10:56 AM MST
Canadian Natural Resources Limited continues to pilot solvent enhanced oil recovery technology on some thermal in situ assets with an objective to increase bitumen production while reducing the steam to oil ratio (SOR) and lowering GHG intensities by 40–50 per cent.
February 29, 2024, 1:24 PM MST
Although the Canadian Association of Petroleum Producers’ (CAPP) latest forecast is calling for a slight increase in industry capital expenditures this year, persistently weak natural gas prices and the resulting decision by some producers to cut spending plans could alter the numbers.
February 28, 2024, 2:19 PM MST
Pembina Pipeline Corporation has entered into long-term agreements with Dow Chemical Canada to supply and transport up to 50,000 bbls/d of ethane to support their recently announced Path2Zero project.
February 26, 2024, 12 AM MST
Given rising production and producer activity from the Clearwater oil play, Pembina Pipeline Corporation says it continues to experience strong demand for service on the Nipisi pipeline, with current volumes of approximately 33,000 bbls/d.
February 26, 2024, 8:41 AM MST
With just less than a year as president and CEO of Suncor Energy Inc. under his belt, Rich Kruger says his vision for transforming and improving the company’s safety performance, operational reliability and corporate culture has already begun to take hold.
February 23, 2024, 5:29 AM MST
Pembina Pipeline Corporation says preliminary work on the proposed Cedar LNG project on Canada’s West Coast continues to progress and that a final investment decision (FID) could be made by mid-year.
February 23, 2024, 3:46 PM MST
Pembina Pipeline Corporation says strong performance in the Pipelines and Facilities divisions helped boost Q4 and full-year 2023 financial results.
February 23, 2024, 10:38 AM MST
Suncor Energy Inc. achieved several quarterly production records, including record oilsands production, record gross production at Fort Hills and the second-highest quarterly upstream production in the company's history, Rich Kruger, president and CEO, said during a Q4 and year-end 2023 results conference call this morning.
February 22, 2024, 10:36 AM MST
Given the persistent and increasing weakness in U.S. natural gas prices, Chesapeake Energy Corporation is pulling in the reins on 2024 capital spending and drilling and completion activity, says the company’s top executive.
February 22, 2024, 12 AM MST
Cenovus Energy Inc. says the pending startup of the Trans Mountain expansion project is eagerly awaited and will benefit the company, as well as the sector as a whole.
February 16, 2024, 6:03 AM MST
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