The liquids business at TC Energy Corporation has taken several steps to enhance its assets and is seeing results.
December 1, 2022, 12 AM MST
Canadian Natural Resources Limited outlined a 2023 capital spending plan of $5.2 billion consisting of approximately $4.2 billion in base capital and approximately $1.0 billion in strategic growth capital.
November 30, 2022, 12 AM MST
November 28, 2022, 12 AM MST
The Alberta Energy Regulator (AER) has received applications from Strathcona Resources Ltd. for a temporary variance to Interim Directive 2001-03 Sulphur Recovery Guidelines for the Province of Alberta until Dec. 31, 2023, to facilitate the engineering, procurement, construction, and commissioning of a sulphur recovery unit (SRU) and associated sulphur management plan at Orion.
November 25, 2022, 6:31 AM MST
The Alberta government’s non-renewable resource revenue (NRR) is forecast at $28.1 billion in 2022/23, $12 billion higher than in 2021/22 and $14.3 billion more than estimated in Budget 2022, the province said this afternoon in its mid-year fiscal update.
November 24, 2022, 2:38 PM MST
November 24, 2022, 12 AM MST
The Alberta Energy Regulator (AER) has received applications from Strathcona Resources Ltd. for a temporary variance to interim directive 2001-03 Sulphur Recovery Guidelines and for a 2.6 tonnes per day sulphur dioxide emission limit until Dec. 31, 2023 to facilitate the engineering, procurement, construction and commissioning of a sulphur recovery unit (SRU) and associated sulphur management plan at Lindbergh.
November 22, 2022, 8:22 AM MST
November 18, 2022, 12 AM MST
November 18, 2022, 12 AM MST
November 17, 2022, 12 AM MST
Hemisphere Energy Corporation’s funds flow from operations of $10.6 million in Q3 2022 was a 162 per cent increase over the comparable period in 2021.
November 17, 2022, 12 AM MST
November 16, 2022, 12 AM MST
Headwater Exploration Inc. announced the results of its two stratigraphic exploration test wells.
November 15, 2022, 7:17 AM MST
Rubellite Energy Inc. plans to spend approximately $33.0 to $41.0 million to continue its two-rig drilling program through to the end of the first quarter of 2023 to drill, complete, equip and tie-in 17 (14.9 net) multilateral horizontal development/infill wells at Figure Lake and Marten Hills and to execute its four to six (3.0 to 4.0 net) well northern exploration program.
November 14, 2022, 12 AM MST
MEG Energy Corp.’s president and CEO Derek Evans doesn’t expect the current wide WCS-WTI differentials to last.
November 10, 2022, 12 AM MST
Obsidian Energy Ltd. has bumped up its capital expenditure range.
November 8, 2022, 7 AM MST
Perpetual Energy Inc.'s board of directors approved a capital budget of $29–$32 million for 2023, including $5–$7 million to be spent in the first quarter for pipeline infrastructure and to drill two (1.0 net) wells at East Edson.
November 8, 2022, 12 AM MST
Enbridge Inc. is continuing with shipper discussions on a new commercial agreement for the Canadian Mainline that works for both customers and the company, and while it prefers to arrange an incentive tolling deal rather than filing a cost-of-service agreement, “that option is always there,” says the company’s chief executive.
November 7, 2022, 12 AM MST
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
Headwater Exploration Inc. outlined an initial capital budget for 2023 of $200 million resulting in 2023 annual average production of 18,000 boe/d (92 per cent heavy oil).
November 4, 2022, 12 AM 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
Athabasca Oil Corporation’s output in Q3 was 37,240 boe/d (93 per cent liquids) consisting of 31,023 bbl/d in Thermal Oil and 6,217 boe/d (57 per cent Liquids) in Light Oil.
November 3, 2022, 12 AM MDT
November 3, 2022, 12 AM 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
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