Calling the asset a “rock star,” Imperial Oil Limited CEO Brad Corson says the company has achieved major operational improvements at Kearl and that the company is implementing a new strategy this year to extend intervals between turnarounds.
August 3, 2021, 12 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
July 29, 2021, 12 AM MDT
Teck Resources Limited’s 21.3 per cent share of bitumen production from Fort Hills decreased by four per cent in the second quarter to 17,806 bbls/d compared to the same period in 2020.
July 27, 2021, 12 AM MDT
The STP-McKay SAGD project has seen its production increasing over the last few months, after coming out of ‘hibernation’ late last year.
July 14, 2021, 8:52 AM MDT
May 25, 2021, 7:57 AM MDT
May 11, 2021, 7:59 AM MDT
The Government of Alberta is changing the calculation for how much oilsands mining companies must pay into the Mine Financial Security Program (MFSP) while the program itself conducts a review to ensure security amounts align with the intent of the program.
May 6, 2021, 12 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
April 13, 2021, 12 AM MDT
March 23, 2021, 10:53 AM MDT
March 10, 2021, 7:42 AM MST
March 5, 2021, 8:18 AM MST
Despite the challenges of COVID-19 in 2020, Canadian Natural Resource Limited had a strong year operationally as it ramped-up curtailed volumes and brought on new production throughout the year on its way to setting a corporate record for output.
March 4, 2021, 10:22 AM MST
While oil prices have surged, MEG Energy Corp.’s president and CEO says the company will wait until this recovery has “staying power” before deploying more capital.
March 4, 2021, 8:04 AM MST
March 4, 2021, 12 AM MST
MEG Energy Corp.’s adjusted funds flow was $278 million in 2020 compared to $726 million in 2019.
March 3, 2021, 4 PM MST
March 1, 2021, 8:56 AM MST
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