Canadian output is forecast to average 5.9 million bbls/d in the second half of the year, bringing the annual average to 5.7 million bbls/d, up 150,000 bbls/d year-over-year, the International Energy Agency (IEA) noted in its monthly oil report.
August 11, 2022, 12 AM MDT
August 11, 2022, 10:57 AM MDT
Strong realized refining margins from Tidewater Midstream and Infrastructure Ltd.’s Prince George refinery contributed to consolidated net income of $18.8 million and adjusted EBITDA of $69.9 million in the second quarter of 2022. Adjusted EBITDA grew by approximately 34 per cent compared to the same period in the prior year, reported the company.
August 11, 2022, 8:25 AM MDT
Energy transition company Tidewater Renewables Ltd. reported positive second quarter 2022 financial results, while furthering development of its low carbon fuel projects and carbon credit business in Western Canada.
August 11, 2022, 9:34 AM MDT
August 10, 2022, 9:15 AM MDT
Downstream assets acquired by Cenovus Energy Inc.’s in its 2021 combination with Husky Energy Inc. have helped ease the blow of widened West Texas Intermediate (WTI)-Western Canadian Select (WCS) differentials, says Alex Pourbaix, president and CEO.
August 9, 2022, 12 AM MDT
August 9, 2022, 12 AM MDT
Suncor Energy Inc. continues to review options for its retail business to ensure the company is maximizing the long-term value of that business segment and “we will disclose the results of this process in the fourth quarter,” says Kris Smith, interim president and CEO.
August 8, 2022, 12 AM MDT
Cenovus Energy Inc. has reached an agreement to purchase BP plc’s 50 per cent interest in the BP-Husky Toledo Refinery in Ohio.
August 8, 2022, 6:06 AM MDT
August 8, 2022, 12 AM MDT
August 8, 2022, 8:55 AM MDT
Suncor Energy Inc.’s interim chief Kris Smith says the company’s ability to operate reliably and efficiently is underpinned by its value of “safety above all else.”
August 5, 2022, 9:55 AM MDT
Driven by a strong business environment in both the upstream and downstream segments, Suncor Energy Inc. reported strong Q2 financial results including record adjusted funds from operations of approximately $5.3 billion while it executed planned maintenance across its asset base.
August 5, 2022, 11:30 AM MDT
Gibson Energy Inc. said it’s examining opportunities in renewable diesel, but “significant work” still needs to be done to reach a final investment decision (FID).
August 3, 2022, 2:27 PM MDT
August 3, 2022, 9:19 AM MDT
August 3, 2022, 6 AM MDT
Imperial Oil Limited’s downstream segment continued to “perform at a very high level” as refinery utilization rates were strong and consumer demand continued to bounce back, says president and CEO Brad Corson.
August 2, 2022, 12 AM MDT
Cenovus Energy Inc. delivered solid second quarter operating and financial results while completing significant planned turnarounds and maintenance in its upstream and downstream operations.
July 28, 2022, 10:41 AM MDT
Cenovus Energy Inc. has updated its 2022 corporate guidance and has hiked spending by $400 million at the midpoint to a range of $3.3 billion to $3.7 billion.
July 28, 2022, 11:37 AM MDT
Tidewater Renewables Ltd. says its base business continues to outperform.
July 28, 2022, 12 AM MDT
July 27, 2022, 8:45 AM MDT
July 21, 2022, 12 AM MDT
July 20, 2022, 8:59 AM MDT
July 19, 2022, 10:36 AM MDT
Suncor Energy Inc. has entered into an agreement with Elliott Investment Management L.P., which results in the company appointing three new independent directors, two of whom will serve on the CEO search committee.
July 18, 2022, 5:20 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.