June 1, 2020, 1:52 PM MDT
May 28, 2020, 8:51 AM MDT
May 26, 2020, 8:42 AM MDT
The delayed $10-billion Sturgeon refinery is operating close to capacity, processing about 70 per cent of the bitumen it was designed for, almost three years after its original in-service date.
May 21, 2020, 9:49 AM MDT
May 19, 2020, 8:10 AM MDT
Over the past week or so, Tidewater Midstream and Infrastructure Ltd. has seen a significant improvement at its Prince George refinery in rack prices for gasoline and diesel along with increased demand, the company’s chief executive said Thursday.
May 15, 2020, 6:11 AM MDT
May 15, 2020, 8:12 AM MDT
May 14, 2020, 10:55 AM MDT
Irving Oil Limited’s recent move to source western Canadian crude oil for its 320,000 bbl/d Saint John refinery, the largest in the country, using foreign tanker ships rather than rail or non-existent pipeline is nothing short of genius and an indictment on Canadian energy policy (see Irving Oil Applies To CTA For Tankers To Ship Canadian Crude To Its Saint John Refinery).
May 13, 2020, 6:23 AM MDT
May 13, 2020, 10:50 AM MDT
Heavy oil is expected to lead the way as refinery demand gradually picks up in the United States Midwest and other regions later this year and refineries look to take advantage of available capacity on the Canadian Mainline, the chief executive of Enbridge Inc. said Thursday.
May 8, 2020, 12 AM MDT
May 8, 2020, 7:57 AM MDT
May 8, 2020, 8:08 AM MDT
To preserve the financial health and resiliency of the company and navigate the current business environment dominated by COVID-19 demand destruction, Suncor Energy Inc. has slashed an additional $400 million from its 2020 spending plans and cut its dividend by 55 per cent.
May 6, 2020, 10:23 AM MDT
Suncor Energy Inc. booked a first quarter net loss of $3.53 billion compared to net earnings of $1.47 billion a year earlier as operations were impacted by the significant weakness and volatility in commodity prices as a result of the COVID-19 pandemic and OPEC+’s initial plan to increase production.
May 6, 2020, 10:58 AM MDT
May 6, 2020, 8:12 AM MDT
May 5, 2020, 7:58 AM MDT
May 5, 2020, 10:43 AM MDT
Imperial Oil Limited has faced many challenges over its 140-year history — pandemic flus, world wars and global recessions. Over that time, the company has met adversity, demonstrated resilience and emerged stronger because of it. The current downturn will be no different, says president and CEO Brad Corson.
May 4, 2020, 12 AM MDT
Should industry conditions near the end of Q1 2020 persist for an extended period, Imperial Oil Limited expects reduced earnings and cash generation from operations compared to previous periods, due to lower realized prices on its products. However, the company is working to mitigate COVID-19 and industry downturn impacts.
May 1, 2020, 8:56 AM MDT
May 1, 2020, 8:41 AM MDT
Husky Energy Inc. will take a slow and cautious approach to increasing activity and spending once macroeconomic conditions begin to improve, says president and CEO Rob Peabody.
April 30, 2020, 12 AM MDT
Irving Oil Commercial GP has filed applications with the Canadian Transportation Agency (CTA) in order to transport Canadian crude to its Saint John, New Brunswick refinery via three separate routes.
April 30, 2020, 9:15 AM MDT
Husky Energy Inc.’s top executive says the company continues to take the needed steps to navigate through the current treacherous industry conditions but warns that an economic recovery and a rebound for the energy sector won’t be happening anytime soon.
April 29, 2020, 10:34 AM MDT
April 29, 2020, 7:59 AM MDT
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