Oil supply growth from Western Canada and the Permian is driving optimization and expansion potential for its liquids pipelines business, says Enbridge Inc.
March 6, 2024, 11:11 AM MST
Whitecap Resources Inc. says it is very encouraged by the initial response of its pilot CO2 flood targeting the Frobisher formation in Saskatchewan, which lies beneath the existing Weyburn CO2 project directed at the Midale unit.
February 28, 2024, 4:56 AM MST
Whitecap Resources Inc. says it is encouraged by strong initial results on the two most recent Montney pads at Kakwa, where the company has optimized its development strategy for dynamic reservoir and fluid properties in this localized area.
February 23, 2024, 12 AM MST
Whitecap Resources Inc.’s 2024 capital budget is now expected to be $900 million to $1.1 billion, which is about $100 million lower than originally budgeted, to partially offset the cost of a Viking acquisition the company closed in the fourth quarter.
February 21, 2024, 3:33 PM MST
A combination of supply-push and demand-pull for heavy oil will ensure ‘robust’ volumes on the Mainline in 2024, despite the startup of the Trans Mountain expansion project, says an executive with Enbridge Inc.
November 6, 2023, 12 AM MST
Tourmaline Oil Corp. views AECO as a competitive market for its gas after the startup of LNG Canada, says the company’s manager of capital markets.
November 3, 2023, 12 AM MDT
An important consideration when assessing M&A deals is whether the free cash flow yield from an acquisition will be as good or better than what the company’s organic five-year EP plan could deliver, says the chief executive of Tourmaline Oil Corp.
November 3, 2023, 12 AM MDT
Enbridge Inc. continues to add to its renewables portfolio, announcing today it has signed agreements to acquire RNG assets in the United States and increase ownership in European offshore wind farms.
November 3, 2023, 10:40 AM MDT
Tourmaline Oil Corp. has acquired acreage near a “very strong” Cardium oil discovery in the Resthaven-Kakwa area of the North Deep Basin.
November 2, 2023, 10:53 AM MDT
Significant knowledge gaps remain to meet 2030 targets for methane emissions reductions, says the chief executive of a Canadian-based organization that facilitates collaborative R&D and technology developments.
September 21, 2023, 12 AM MDT
Sustainable aviation fuel (SAF) will play a critical role in helping to decarbonize the aviation industry, but its production must be scaled up, says the chief executive of Canada’s second-largest airline.
September 20, 2023, 12 AM MDT
Are oil and gas companies ready to be reinventors?
September 19, 2023, 8:08 PM MDT
The energy transition is too often framed as an “either-or” proposition, says the chief executive of Exxon Mobil Corporation.
September 18, 2023, 2:40 PM MDT
A number of challenges exist as policymakers push for a transition to new energy systems, say the leaders of three of the world’s largest oil and gas companies.
September 18, 2023, 7:52 PM MDT
Suncor Energy Inc. continues to focus on securing long-term bitumen supply for its upgraders, with its chief executive saying he’s ‘agnostic’ on whether those volumes come from mining or in-situ operations.
August 16, 2023, 1:57 PM MDT
Suncor Energy Inc. has started a “strategy re-examination” of its business, the company’s chief executive said today, with a comprehensive review of strategies and articulated objectives.
August 15, 2023, 11:04 AM MDT
Rich Kruger, the chief executive of Suncor Energy Inc., offered some ‘lessons learned’ from the company’s recent cyber-security breach.
August 15, 2023, 1:10 PM MDT
Enerflex Ltd. says it has captured about US$50 million of annual run-rate synergies since its integration of Exterran Corporation and expects to realize the total US$60 million of anticipated synergies within 12 to 18 months of the transaction’s close last October.
August 11, 2023, 12 AM MDT
Enerflex Ltd. says the long-term fundamentals for natural gas are robust — given its critical role in supporting global decarbonization efforts and future economic growth — and that the company is poised to capitalize on the growing demand for low-carbon solutions through its vertically integrated natural gas and energy transition offerings.
August 10, 2023, 10:39 AM MDT
Enbridge Inc. expects to jointly finalize the settlement with industry for Mainline tolls and submit an application for its approval to the Canada Energy Regulator (CER) by October.
August 4, 2023, 10:41 AM MDT
Last month, NextDecade Corporation’s (NextDecade) Rio Grande LNG export facility reached a final investment decision.
August 4, 2023, 10:50 AM MDT
ARC Resources Ltd. says it continues to evaluate opportunities to supply natural gas to international markets through long-term LNG supply agreements.
August 3, 2023, 10:27 AM MDT
International Petroleum Corporation (IPC) achieved a major milestone in the second quarter by signing the engineering, procurement and construction (EPC) contract for the central processing facility of the Blackrod Phase 1 project.
August 2, 2023, 12 AM MDT
“It’s been a busy week” was the understated opening of remarks this morning by François Poirier, president and CEO of TC Energy Corporation, in describing the transformative deals announced over the past five days that set out the company’s path for the next decade.
July 28, 2023, 10:23 AM MDT
Tamarack Valley Energy Ltd. significantly expanded its Clearwater and Charlie Lake infrastructure footprint in the first half of the year, which will help the company reduce its cost structure and enhance free funds flow generation going forward.
July 27, 2023, 11:05 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.