Cenovus Energy Inc. has reached an agreement to sell its Tucker thermal asset for total cash proceeds of $800 million.
December 16, 2021, 3:32 PM MST
There will be no curtailment policy in Alberta starting in January 2022, as the provincial government is allowing the policy to expire on Dec. 31, Energy Minister Sonya Savage announced this morning.
December 9, 2021, 10:02 AM MST
Days after the deal closed, safety arose as an important challenge for Cenovus Energy Inc. from the combination with Husky Energy Inc., says Alex Pourbaix, president and chief executive officer.
December 9, 2021, 6:15 AM MST
Part of Cenovus Energy Inc.’s acquisition deal with Husky Energy Inc. included the latter’s downstream assets in Lloydminster — the Husky Oil Refinery on the Alberta side of the border city, and the Husky Energy Upgrader on the Saskatchewan side.
December 9, 2021, 1:46 PM MST
In Alberta, physical markets and regional benchmark prices (WCS) have improved with higher WTI prices. Athabasca Oil Corporation expects current WCS differentials to remain stable with muted industry growth and improving basin egress, including the recently completed Enbridge Inc. Line 3 replacement.
November 3, 2021, 3:34 PM MDT
Gibson Energy Inc. reported strong third quarter results, both operationally and financially, thanks in part to the infrastructure segment’s run-rate increasing with partial quarter contributions from the diluent recovery unit (DRU).
November 2, 2021, 9:46 AM MDT
International Petroleum Corporation says third quarter net production from its Canadian assets was above the high end of guidance at 39,600 boe/d with continued strong performance and high production uptime at all the oil and gas producing assets.
November 2, 2021, 10:10 AM MDT
Crew Energy Inc. confirmed the Q3 sale of its Lloydminster heavy oil asset representing the final step of its strategic transition to a pure-play Montney producer.
October 28, 2021, 5:13 AM MDT
Pan Orient Energy Corp.’s board of directors announced the initiation of a process to accelerate shareholder value.
October 28, 2021, 9:44 AM MDT
Strathcona Resources Limited has applied to the Alberta Energy Regulator (AER) to replace three existing temporary 1.5 MW generators with a cogeneration unit rated for electrical production of 7.5 MW and equipped with a duct fired heat recovery steam generator.
October 28, 2021, 7:36 AM MDT
October 7, 2021, 12 AM MDT
The Canadian oil industry is on the cusp of the confirmation of additional oil flowing on the Enbridge Line 3 Replacement (L3R).
October 5, 2021, 12 AM MDT
It has been nearly a year since RBN last offered up its assessment on the pricing prospects for Canadian heavy crude oil.
October 4, 2021, 6 AM MDT
Oil market supply and demand fundamentals are “shaping up to support crude prices” over the next two quarters and into 2022, says a Sproule Associates Ltd. analyst, at least “relative to where prices have been” in the last couple of years.
August 4, 2021, 9:23 AM MDT
Gibson Energy Inc. has completed construction of the diluent recovery unit (DRU) near Hardisty, doing so on-schedule and within expected capital costs, and the company expects to place it into service sometime in Q3 2021.
August 4, 2021, 9:51 AM MDT
Imperial Oil Limited’s upstream production for the second quarter averaged 401,000 gross boe/d, the company’s highest second quarter production in over 25 years.
July 30, 2021, 8:24 AM MDT
The application of Cenovus Energy Inc.’s operating techniques at the legacy Husky Energy Inc. Lloydminster thermal projects acquired at the beginning of this year resulted in record quarterly production of 97,700 bbls/d despite turnarounds at several of the operations.
July 30, 2021, 12 AM MDT
Cardinal Energy Ltd.’s second quarter production of 17,949 boe/d was five per cent higher than the same period in 2020.
July 30, 2021, 6 AM MDT
As a result of its strong operating performance through the first half of 2021, Baytex Energy Corp. is increasing its production guidance to 79,000 to 80,000 boe/d, up from 77,000 to 79,000 boe/d, previously.
July 28, 2021, 4:20 PM MDT
The Alberta Energy Regulator (AER) has received applications from Enlighten Innovations Inc. and its division, Field Upgrading Limited, for its CleanSeas Demonstration Plant.
June 16, 2021, 3:26 PM MDT
Canadian crude producers are not strangers to supply and demand shocks and the fact that they navigated tough industry conditions because of COVID-19 should come as no surprise, says Argus’s Calgary bureau chief.
May 21, 2021, 9:51 AM MDT
Canadian Natural Resources Limited posted strong first quarter results and achieved record quarterly production and record quarterly liquids production of over 979,000 bbls/d as a result of “our effective and efficient operations and high operating levels” said Tim McKay, president, said during a Q1 conference call this morning.
May 6, 2021, 10:41 AM MDT
With market conditions for oil and gas producers continuing to improve during the first months of 2021 and positive construction progress on oil pipeline egress, International Petroleum Corporaton (IPC) is ready to capitalize on Canadian acquisitions and ramp up production if momentum continues.
May 5, 2021, 1:06 PM MDT
Gear Energy Ltd. reported higher funds flow and reduced its loss in the first quarter of 2021.
May 5, 2021, 2:37 PM MDT
U.S. crude oil imports from Canada more than doubled to an average of 3.6 million bbls/d between 2005 and 2020 and as a result Canada’s share of total U.S. crude oil imports also increased, reaching a record-high share of 61 per cent in 2020, the U.S. Energy Information Administration (EIA) said in an April 28 release.
April 29, 2021, 11:19 AM MDT
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