The Alberta government is forecasting higher bitumen and crude oil royalties for the 2021/22 fiscal year, following a plunge the previous year as a result of COVID-19 and low oil prices.
February 25, 2021, 3:35 PM MST
Suncor Energy Inc. would be “super interested” in a nuclear reactor technology that could replace the energy intensive natural gas fired boilers and steam generators in its oilsands extraction, a company executive said Wednesday.
February 25, 2021, 9:27 AM MST
February 25, 2021, 8:27 AM MST
Royal Dutch Shell released its latest round of long-term global energy scenarios earlier this month, conveniently pushing the outlook period from 2070 to 2100, with the potential of cataclysmic climate change looming large over the remainder of this century.
February 24, 2021, 6 AM MST
Indigenous suppliers play an increasingly important role in the oilsands, according to a Canadian Association of Petroleum Producers (CAPP) survey of producers. In 2019, companies spent about $2.4 billion on procurement from Indigenous businesses, which is up 16 per cent from 2018 and 53 per cent from 2017.
February 18, 2021, 3:45 PM MST
February 10, 2021, 8:18 AM MST
Suncor Energy Inc. will not be increasing its 2021 capital spending plan beyond the current range, president and CEO Mark Little said this morning.
February 4, 2021, 9:59 AM MST
Imperial Oil Limited’s Kearl oilsands project started off 2021 on a strong note, achieving the highest production for the month of January for the asset at more than 250,000 bbls/d.
February 2, 2021, 1:35 PM MST
Cenovus Energy Inc.’s merger with Husky Energy Inc. is diminishing the blow from U.S. President Joe Biden’s move last week to revoke of the permit needed to build the Keystone XL pipeline, which would have carried some 830,000 bbls/d of Alberta oilsands crude to Nebraska.
January 29, 2021, 12 AM MST
Cenovus Energy Inc. says its “disciplined” 2021 capital budget of $2.3–$2.7 billion includes sustaining capital of approximately $2.1 billion to deliver upstream production of approximately 755,000 boe/d and downstream throughput of approximately 525,000 bbls/d.
January 28, 2021, 11:18 AM MST
January 21, 2021, 8:07 AM MST
January 15, 2021, 12 AM MST
January 15, 2021, 7:37 AM MST
Combusting bitumen products in internal combustion car and truck engines, its major use right now, may amount to sending a much more valuable commodity up in smoke.
January 13, 2021, 6 AM MST
January 7, 2021, 7:35 AM MST
January 7, 2021, 7:44 AM MST
December 30, 2020, 7:05 AM MST
North American Construction Group Ltd. experienced a “one-two punch” of pandemic-related worksite access restrictions and unseasonably rainy weather during the third quarter of 2020, which, along with a change in accounting treatment for Nuna Logistics, resulted in reduced year-over-year revenue for the three-month period.
October 30, 2020, 10:01 AM MDT
October 15, 2020, 8:22 AM MDT
Cenovus Energy Inc. is seeking regulatory approval for the Phase H optimization project at its Christina Lake Thermal Project (CLTP) in the Athabasca oilsands, where SAGD technology is used to extract bitumen from the McMurray formation.
October 9, 2020, 10:34 AM MDT
Suncor Energy Inc.’s full-year corporate production guidance has been revised to 680,000–710,000 boe/d, down from 740,000–780,000 boe/d set in July.
September 8, 2020, 12 AM MDT
August 6, 2020, 7:55 AM MDT
July 28, 2020, 8:51 AM MDT
July 28, 2020, 9:19 AM MDT
The back half of 2020 will “continue to be volatile” on many fronts as the evolving situation with COVID-19 continues to have widespread implications for Suncor Energy Inc.’s business environment, operations and financial condition, says the company’s top executive.
July 23, 2020, 11:43 AM MDT