TC Energy Corporation, which completed the international border crossing for Keystone XL earlier this year, believes that a new approach it has taken to the project aligns with the future expectations of either a United States Democratic or a Republican administration, analysts heard Thursday.
October 30, 2020, 7:20 AM MDT
A need to lower the cost base for industry has been the “big driver” for Husky Energy Inc.’s recent moves on the M&A front, says the company’s chief executive.
October 29, 2020, 11:33 AM MDT
October 29, 2020, 4:04 AM MDT
Raymond James Ltd. analyst Chris Cox says he has a “mixed view” of the merger announced Sunday which will see Cenovus Energy Inc. and Husky Energy Inc. combine in an all-stock transaction, especially from the standpoint of Cenovus.
October 26, 2020, 11:24 AM MDT
Cenovus Energy Inc. and Husky Energy Inc. this morning announced a transaction to create a new integrated Canadian oil and natural gas company.
October 25, 2020, 11:37 AM MDT
The combined Cenovus Energy Inc./Husky Energy Inc. will be led by a management team reflecting the strengths of both organizations.
October 25, 2020, 12:08 PM MDT
The combination of Cenovus Energy Inc. and Husky Energy Inc. should result in annual run rate synergies of $1.2 billion, largely achieved within the first year, independent of commodity prices.
October 25, 2020, 1:26 PM MDT
October 22, 2020, 7:59 AM MDT
September 30, 2020, 10:20 AM MDT
A Prague-based heavy oil technology company which has developed an enhanced oil recovery (EOR) technology it calls Exothermic Chemical Treatment (ECT) pitched its technology in a webinar in Calgary.
September 23, 2020, 8:14 AM MDT
September 18, 2020, 10:44 AM MDT
Waterous Energy Fund will combine private operators Strath Resources Ltd. and Cona Resources Ltd. to form the new Strathcona Resources Ltd.
August 14, 2020, 7:22 AM MDT
Gear Energy Ltd. shut-in most of its production and immediately pursued reductions to the variable costs of the business in an effort to curb the impact of low oil prices. For the three and six months ended June 30, 2020, production totalled 2,749 and 4,746 boe/d, respectively, which is 62 and 32 per cent less than during the same periods last year.
August 6, 2020, 8:51 AM MDT
Given the improvement in its business outlook with strengthening oil prices including Canadian crude oil pricing, International Petroleum Corporation says it has decided to “progressively” bring back onstream oil production from its Suffield oil and Onion Lake thermal assets.
August 5, 2020, 10:40 AM MDT
Perpetual Energy Inc. sold half of its working interest in its East Edson property in West Central Alberta at the start of Q2 2020 to a third-party purchaser for consideration including a cash payment of $35 million and the carried interest funding of the drilling, completion and tie-in costs for an eight-well drilling program.
August 5, 2020, 12 AM MDT
Canadian oil supply declined by another 270,000 bbls/d in May, reported the International Energy Agency (IEA), taking the total decline since the end of 2019 to nearly one million bbls/d or roughly 20 per cent of national production.
July 10, 2020, 6 AM MDT
Canada’s integrated oil companies are seeing promising signs of recovering demand both upstream and downstream as they begin to bring production back online, an investor energy conference heard Tuesday.
July 8, 2020, 6 AM MDT
Integrated oil companies that sharply reduced their capital budgets in response to the COVID-19 pandemic say they will continue to focus on their balance sheets for the rest of this year although some say spending could rise next year.
July 8, 2020, 7:08 AM MDT
Rangeland Midstream Canada, Ltd.’s Marten Hills Pipeline System is now in service.
July 7, 2020, 8:45 AM MDT
With recent improvement in oil prices supporting positive economic returns, Gear Energy Ltd. has initiated a gradual production re-start across the majority of its asset base.
July 1, 2020, 8:02 PM MDT
The effects from the oil price crash and fall in demand from COVID-19 worldwide lockdowns were clearly reflected in western Canadian rig activity during the second quarter.
June 26, 2020, 8:59 AM MDT
Baytex Energy Corp. says it has restarted some of its previously shut-in crude oil production.
June 26, 2020, 12 AM MDT
June 23, 2020, 8:07 AM MDT
June 18, 2020, 10:52 AM MDT
Highwood Oil Company Ltd. says it continues to work through the impact of the Alberta Energy Regulator’s (AER) decision to reject license transfers associated with the Red Earth divestiture.
June 2, 2020, 8:27 AM MDT