May 12, 2022, 10:58 AM MDT
May 11, 2022, 12 AM MDT
Although Suncor Energy Inc.’s Q1 output was down slightly year-over-year, the company’s financial results were improved and returns to shareholders boosted on the backs of the company’s integrated business model and continued commodity price strength, says president and CEO Mark Little.
May 10, 2022, 9:46 AM MDT
In his first public comment regarding Elliott Investment Management L.P.’s call for a series of changes to Suncor Energy Inc.’s board, management and operations, the company’s top executive said he’s hopeful that pending discussions between the two sides will prove productive.
May 10, 2022, 2:14 PM MDT
May 10, 2022, 10:59 AM MDT
Alberta’s natural gas storage levels are well below average currently, says Martin King, senior analyst with RBN Energy LLC, and the situation is “actually starting to look critical” for the province.
May 10, 2022, 1:23 PM MDT
Imperial Oil Resources Limited has applied to the Alberta Energy Regulator (AER) to construct and operate a second hot lime softener sludge lagoon at the Nabiye central processing facility of the Cold Lake in situ oilsands operations.
May 10, 2022, 1:47 PM MDT
For Canadian producers, the “signals” they would probably need to see to support future growth include, in part, clarity as to where commodity prices will be longer-term, even if that does not necessarily equate to $100-per-bbl oil, says Al Monaco, president and chief executive officer for Enbridge Inc.
May 9, 2022, 10:29 AM MDT
May 9, 2022, 12 AM MDT
May 6, 2022, 7:41 AM MDT
Canadian Natural Resources Limited completed a “number of strategic acquisitions” in its core areas which will add long term value to shareholders, says the company’s top executive.
May 5, 2022, 1:03 PM MDT
Strong operational performance, including record natural gas production, helped drive Canadian Natural Resources Limited’s first quarter production volumes to 1.28 million boe/d, an increase of three per cent over the same period last year.
May 5, 2022, 10:55 AM MDT
May 5, 2022, 12 AM MDT
MEG Energy Corp. achieved record bitumen production of 101,128 bbls/d during the first three months of 2022, which is up 11 per cent from the same timeframe last year, with increased steam utilization and ongoing optimization and recompletion work contributing to strong field-wide production performance.
May 3, 2022, 9:24 AM MDT
MEG Energy Corp. is “definitely seeing inflationary pressures” as management continues to monitor the inflation situation closely, says chief operating officer Darlene Gates.
May 3, 2022, 1:45 PM MDT
After a “stellar 2021” in which Kearl set new production records in nine out of 12 months, Imperial Oil Limited encountered “some challenges” in Q1 related primarily to extreme cold weather conditions and some unplanned downtime, says president and CEO Brad Corson.
May 3, 2022, 2:01 PM MDT
Athabasca Oil Corporation planning to utilize 100 per cent of near‐term free cash flow to reduce its term debt and is anticipating being in a net cash position by year end 2022 at current commodity prices.
May 3, 2022, 4:46 PM MDT
Imperial Oil Limited expects demand recovery which led to a steady increase in oil and natural gas prices to continue, while the West Texas Intermediate-Western Canada Select differential should remain relatively tight in the coming quarters.
May 2, 2022, 12 AM MDT
Driven by continued strong market conditions, Imperial Oil Limited’s first quarter earnings soared to $1.17 billion, the highest first quarter in over 30 years and up from $392 million during the same period in 2021.
April 29, 2022, 11:28 AM MDT
With its balance sheet improving, strong financial metrics as commodity prices hold strong and operations performing well, Cenovus Energy Inc. isn’t ruling out dipping its toe into an increasingly tight North American merger and acquisition (M&A) and disposition market.
April 28, 2022, 12 AM MDT
April 28, 2022, 9:01 AM MDT
Cenovus Energy Inc. boosted first quarter earnings to $1.6 billion in the first quarter versus a net loss of $408 million in the fourth quarter, while cash flow and adjusted funds flow reached record levels as robust commodity prices drove strong quarterly operational and financial results.
April 27, 2022, 11:04 AM MDT
Cenovus Energy Inc. is hiking 2022 capital expenditures by $300 million to an updated range of $2.9-$3.3 billion, the company announced this morning.
April 27, 2022, 12:33 PM MDT
Cenovus Energy Inc.’s top executive says discussions are ongoing between the Oil Sands Pathways to Net Zero Alliance and the federal government to determine how the recently announced investment tax credit (ITC) for carbon capture projects will be implemented and eventually rolled out.
April 27, 2022, 4 PM MDT
Teck Resources Limited’s 21.3 per cent share of bitumen production from Fort Hills increased by 72 per cent in the first quarter to 34,433 bbls/d compared to the same period in 2021.
April 27, 2022, 12 AM MDT