While its official 2023 budget is still being finalized, Peyto Exploration & Development Corp. currently anticipates an organic capital program of $425–$475 million, which will use between four and five drilling rigs throughout the year.
November 10, 2022, 11:35 AM MST
Strong and fact-based stakeholder engagement and improved messaging will be key factors in moving forward and growing the Small Modular Nuclear Reactors (SMnRs) sector and the technology’s potential role toward decarbonizing Canada’s future, panelists on a special webinar said Wednesday.
November 10, 2022, 8:09 AM MST
It was the passing of the torch during Baytex Energy Corp.’s Q3 results conference call Friday, as now retired president and CEO Ed LaFehr delivered the quarterly rundown to analysts for the last time and his successor, Eric Greager, assumed the top role.
November 7, 2022, 12 AM MST
With his company fresh off setting a natural gas production record in Q3, Canadian Natural Resource Limited’s top executive says the outlook for the commodity remains positive despite the recent weakening of prices and increased need for additional egress.
November 4, 2022, 12 AM MDT
Canadian Natural Resources Limited continues to grow its Clearwater heavy oil play and says the asset competes well for capital within the company’s vast portfolio.
November 4, 2022, 12 AM MDT
Baytex Energy Corp. says it’s “building operational momentum” in the Clearwater as the company approaches 2023, with current production in the play of 10,000 bbls/d driving an expected corporate exit rate production of 87,000 to 88,000 boe/d.
November 4, 2022, 10:40 AM MDT
Baytex Energy Corp. now anticipates full-year 2022 exploration and development expenditures of approximately $515 million, up three per cent from the previously targeted $500 million which represented the high-end of the company’s prior guidance range of $450-$500 million.
November 4, 2022, 10:58 AM MDT
Canadian Natural Resources Limited says operations at both the Horizon and Scotford upgraders are online after technical issues caused the assets to undergo unplanned outages in October.
November 3, 2022, 1:58 PM MDT
Thanks in part to the highest natural gas output in its history, Canadian Natural Resources Limited achieved record total quarterly production of approximately 1.34 million boe/d while third quarter earnings climbed to approximately $2.8 billion.
November 3, 2022, 11:22 AM MDT
In light of recent government comments that the oil and gas sector is hoarding cash while enjoying skyrocketing profits and shareholder returns, Cenovus Energy Inc.’s top executive came to the industy’s defence Wednesday, saying the financial contributions made by producers are often overlooked.
November 2, 2022, 2:03 PM MDT
The recent and persistent widening of the West Texas Intermediate (WTI)-Western Canadian Select (WCS) differential is “kind of different from our historical experience,” says Cenovus Energy Inc.’s president and CEO Alex Pourbaix.
November 2, 2022, 4:06 PM MDT
Despite an erratic commodity price environment, solid upstream and downstream operating results propelled Cenovus Energy Inc.’s financial results upwards as the company almost tripled Q3 earnings year-over-year to $1.6 billion and funds flow soared.
November 2, 2022, 11:17 AM MDT
Cenovus Energy Inc. says the investigation into a deadly fire and explosion at its non-operated Toledo Refinery continues and the facility will remain offline for the foreseeable future.
November 2, 2022, 4:46 PM MDT
Bolstered by the strong Q3 operation performance of its Canadian assets, International Petroleum Corporation (IPC) achieved record quarterly average net production of 50,000 boe/d, a mark that was above output of 46,800 boe/d during the same period last year.
November 1, 2022, 9:49 AM MDT
Imperial Oil Limited’s top executive says the company’s downstream business enjoyed a stellar third quarter, “reflecting continued strong operating performance and minimal planned turnaround activity” in that business segment.
November 1, 2022, 12 AM MDT
As part of its “ongoing commitment” to improve sustainability and reduce its overall environmental footprint, Imperial Oil Limited expects to make a final investment decision on its proposed Strathcona renewable diesel project in the foreseeable future, says president and CEO Brad Corson.
November 1, 2022, 12 AM MDT
After a challenging start to 2022 related to extreme cold weather conditions and unplanned downtime in the first quarter, Imperial Oil Limited says operations and output at Kearl continue to recover and the asset set a daily production record of more than 350,000 bbls in October.
October 31, 2022, 6 AM MDT
Unlike many oil and gas producers, Imperial Oil Limited’s top executive says the company is staying the course with its capital spending plans despite inflationary pressures that have impacted the sector and resulted in many operators increasing spending.
October 31, 2022, 6 AM MDT
Imperial Oil Ltd.’s third quarter earnings and cash flow soared as solid performance at Kearl kept total output essentially flat year-over-year and refinery throughput and utilization was strong.
October 28, 2022, 11:20 AM MDT
Russia’s invasion of Ukraine has sparked a global energy crisis that is causing “profound and long-lasting changes” that have the “potential to hasten the transition” to a more sustainable and secure energy system, the International Energy Agency (IEA) says in its World Energy Outlook (WEO) released today.
October 27, 2022, 10:36 AM MDT
High energy prices, heightened energy security concerns and strengthened climate policies are “putting an end to a decade of rapid progression” for natural gas, the International Energy Agency (IEA) says in its 2022 World Energy Outlook (WEO).
October 27, 2022, 1:17 PM MDT
The situation for global oil markets today “could hardly be more different” from what it was in 2020 when the pandemic led to a market collapse and plummeting prices forced producers to curtail production and spending, the International Energy Agency (IEA) says in its annual World Energy Outlook (WEO) released Thursday.
October 27, 2022, 2:55 PM MDT
Crescent Point Energy Corp. reported a slight increase in Q3 output as it continues to generate strong operational results in its Kaybob Duvernay play, resulting in attractive asset level returns.
October 26, 2022, 11:28 AM MDT
Crescent Point Energy Corp.’s 2022 development capital expenditures guidance has been increased to $950 million, from $875–$900 million previously.
October 26, 2022, 2:09 PM MDT
Two high-profile Liberal cabinet ministers say that progress has been made and momentum continues to build in the six months since the federal government announced its ambitious Emissions Reduction Plan (ERP).
October 25, 2022, 7:59 AM MDT
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