North American Construction Group (NACG) reported steady performance of its heavy equipment fleet from the second quarter to year-end 2023.
March 15, 2024, 10:08 AM MDT
March 15, 2024, 8 AM MDT
For 2024, Canadian oil supply is forecast to grow by 160,000 bbls/d to an annual high of six million bbls/d, according to the International Energy Agency’s (IEA) latest oil market report.
March 14, 2024, 12 AM MDT
The western Canadian oil and gas sector continues to keep a keen eye on drought conditions and prepare for the potential of water restrictions in both British Columbia and Alberta.
March 12, 2024, 8 AM MDT
The Alberta government raked in $52.14 million at its March 6 land sale, powered by parcels in the oilsands auction.
March 7, 2024, 12 AM MST
March 7, 2024, 12 AM MST
Fort McKay First Nation (FMFN) and Suncor Energy Inc. signed a memorandum of understanding (MOU) on a prospective oilsands lease development opportunity on Fort McKay reserve lands in the Regional Municipality of Wood Buffalo and respectively Fort McKay First Nation Traditional Territory.
March 7, 2024, 1 PM MST
After a tough year in 2023 for its downstream segment, Cenovus Energy Inc. officials say that steps continue to be taken to improve reliability and performance of its refining and upgrading assets.
March 6, 2024, 12 AM MST
Oil supply growth from Western Canada and the Permian is driving optimization and expansion potential for its liquids pipelines business, says Enbridge Inc.
March 6, 2024, 11:11 AM MST
Enbridge Inc. says that the Canada Energy Regulator (CER) has approved the Mainline tolling negotiated settlement effective until Dec. 31, 2028.
March 4, 2024, 2:46 PM MST
Athabasca Oil Corporation says it expects to generate over $1 billion in free cash flow during the three-year timeframe of 2024-26.
March 4, 2024, 11 AM MST
With line of sight to the start-up of the Trans Mountain expansion project, market conditions are expected to improve for western Canadian crude producers, say two top oilsands executives.
March 1, 2024, 2:33 PM MST
While not a return to the salad days of boom times, the Alberta government says there is “optimism” among Alberta’s oil and gas producers, despite political and regulatory uncertainties from the federal government.
February 29, 2024, 3:19 PM MST
The Alberta government’s royalties from bitumen, crude oil and natural gas by-products are expected to remain fairly steady over the next three fiscal years.
February 29, 2024, 3:19 PM MST
Here are some other details of note from the Alberta budget tabled this afternoon.
February 29, 2024, 3:20 PM MST
Canadian Natural Resources Limited continues to pilot solvent enhanced oil recovery technology on some thermal in situ assets with an objective to increase bitumen production while reducing the steam to oil ratio (SOR) and lowering GHG intensities by 40–50 per cent.
February 29, 2024, 1:24 PM MST
The Canadian Association of Petroleum Producers (CAPP) is forecasting capital expenditures for the upstream oil and natural gas sector will reach $40.6 billion in 2024, rising slightly from an estimated actual investment of $39 billion for 2023.
February 27, 2024, 9 AM MST
With just less than a year as president and CEO of Suncor Energy Inc. under his belt, Rich Kruger says his vision for transforming and improving the company’s safety performance, operational reliability and corporate culture has already begun to take hold.
February 23, 2024, 5:29 AM MST
Gibson Energy Inc. posted record financial results in its fourth quarter and full year 2023, thanks to its Gateway Terminal acquisition and in the stability of its overall asset base.
February 23, 2024, 12 AM MST
Suncor Energy Inc. achieved several quarterly production records, including record oilsands production, record gross production at Fort Hills and the second-highest quarterly upstream production in the company's history, Rich Kruger, president and CEO, said during a Q4 and year-end 2023 results conference call this morning.
February 22, 2024, 10:36 AM MST
The Trans Mountain pipeline expansion delay was keenly discussed during Gibson Energy Inc.’s fourth quarter 2023 results call-in, with president and CEO Steve Spaulding telling an analyst they are considering the delay “indefinite” until they hear otherwise.
February 22, 2024, 5:24 AM MST
February 21, 2024, 9:51 AM MST
Cenovus Energy Inc. says the pending startup of the Trans Mountain expansion project is eagerly awaited and will benefit the company, as well as the sector as a whole.
February 16, 2024, 6:03 AM MST
Cenovus Energy Inc. achieved the second-highest quarterly production rates in its history as fourth quarter output averaged 808,600 boe/d in the fourth quarter, an increase of approximately 12,000 bbls/d from the third quarter and up slightly from 806,900 bbls/d in Q4 2022.
February 15, 2024, 10:59 AM MST
Canadian output in January fell by an estimated 360,000 bbls/d to 5.9 million bbls/d, reported the International Energy Agency (IEA), as an Arctic freeze affected operations across Alberta.
February 15, 2024, 4:32 AM MST
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