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
When Peyto Exploration & Development Corp. announced its acquisition of Repsol Canada Energy Partnership’s Deep Basin assets for C$638 million in early September it caught many industry-watchers by surprise, given the company had notoriously been known as a smaller-deal acquirer of tuck-in assets.
November 28, 2023, 12 AM MST
JP Lachance’s three decade-plus career in the western Canadian oilpatch has been one of constant learning and professional growth, and has served him well on his path to taking over as president and CEO of Peyto Exploration & Development Corp. from the retiring Darren Gee at the beginning of 2023.
November 20, 2023, 6 AM MST
Enerflex Ltd. believes the long-term fundamentals for natural gas are robust, given its critical role in supporting global decarbonization efforts and future economic growth.
November 15, 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
With TC Energy Corporation’s NGTL toll settlement set to end Dec. 31, 2024, discussions with customers have started with the “objective of defining a clear path towards another settlement” by mid-2024,” says Greg Grant, president, Canadian natural gas pipelines.
November 9, 2023, 6 AM MST
South Bow Corporation will be the official moniker of TC Energy Corporation’s liquids pipeline business spin-off, the company announced this morning.
November 8, 2023, 9:38 AM MST
TC Energy Corporation booked a large third quarter net loss largely as a result of an impairment charge related to its Coastal GasLink pipeline project.
November 8, 2023, 11:10 AM MST
TC Energy Corporation achieved a “monumental milestone” with the mechanical completion on Coastal GasLink, a feat reached ahead of the company’s year-end target, says president and CEO François Poirier.
November 8, 2023, 2:41 PM MST
The partnership between Pembina Pipeline Corporation and the Haisla Nation continues to progress the Cedar LNG project as it moves toward a final investment decision (FID).
November 7, 2023, 12 AM MST
Pembina Pipeline Corporation’s top executive says the company needs more clarity and detail around the federal government’s Trans Mountain pipeline divestment process and plans before making a decision on pursuing ownership of the line.
November 6, 2023, 9:22 AM MST
Canadian oil and gas midstream companies haven’t shied away from making deals over the past few months and a Deloitte Canada official expects an active merger and acquisition will continue to unfold.
November 6, 2023, 6 AM MST
Cevonus Energy Inc.’s downstream segment’s third quarter results generated “much healthier operating margins” led by improved performance from the U.S. Manufacturing business.
November 6, 2023, 6 AM MST
Cenovus Energy Inc. officials remain optimistic the long awaited and often delayed Trans Mountain expansion project will be operational by mid-2024, but cautioned there will likely be some bumps in the road as the pipeline starts initial operations.
November 3, 2023, 12 AM MDT
While Cenovus Energy Inc. won’t release its officials 2024 capital budget until next month, company officials expect it to be in the same range as this year at somewhere between $4.5-$5 billion.
November 3, 2023, 12 AM MDT
Pembina Pipeline Corporation says third quarter operational results “reflect the strength” of the company’s business model, including growing volumes and rising utilization across many systems and a “marketing business that continues to outperform” the long-run average.
November 3, 2023, 10:52 AM MDT
A strong third quarter performance from its upstream segment and continued improvement in its downstream business contributed to Cenovus Energy Inc. posting quarter-over-quarter improvements in both financial and operational results.
November 2, 2023, 10:43 AM MDT
Topaz Energy Corp. posted strong Q3 results and has announced a small Clearwater royalty and infrastructure acquisition, further building on its exposure to the growing heavy oil play.
October 31, 2023, 9:05 AM MDT
While it may be behind the scenes and out of the public eye, the Pathways Alliance continues to move forward with ample pre-final investment decision (FID) work, says Imperial Oil Limited’s president and CEO Brad Corson.
October 30, 2023, 6 AM MDT
Imperial Oil Limited completed its ambitious Autonomous Haul Program during the third quarter and now has all 81 of the company’s Caterpillar 797F heavy haul trucks fully converted to autonomous operation.
October 30, 2023, 9:47 AM MDT
While the WTI-WCS price spread has widened in recent weeks to the US$25 range, Imperial Oil Limited’s top executive says that with additional egress options on the horizon, he expects differentials will narrow going forward.
October 30, 2023, 6 AM MDT
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.