Canadian Natural Resources Limited outlined a 2023 capital spending plan of $5.2 billion consisting of approximately $4.2 billion in base capital and approximately $1.0 billion in strategic growth capital.
November 30, 2022, 12 AM MST
Suncor Energy Inc.’s 2023 capital guidance of $5.4-5.8 billion was calculated and determined under an expanded lens and by a partly re-tooled management team, the company’s interim president and CEO Kris Smith told an investors day event Tuesday.
November 30, 2022, 12:58 PM MST
MEG Energy Corp. has set its 2023 capital budget at $450 million, up from planned spending of $375 million this year.
November 29, 2022, 12 AM MST
The Alberta Energy Regulator (AER) has received applications from Strathcona Resources Ltd. for a temporary variance to Interim Directive 2001-03 Sulphur Recovery Guidelines for the Province of Alberta until Dec. 31, 2023, to facilitate the engineering, procurement, construction, and commissioning of a sulphur recovery unit (SRU) and associated sulphur management plan at Orion.
November 25, 2022, 6:31 AM MST
CNOOC Petroleum North America ULC has applied to the Alberta Energy Regulator (AER) to align its existing Groundwater Monitoring Program (GMP) with the Sept. 29, 2021 issue of the Alberta Environment and Parks (AEP) Directive for the Assessment of Non-Saline Groundwater in Direct Contact with Bitumen for In Situ Operations.
November 25, 2022, 12 AM MST
The Alberta government’s non-renewable resource revenue (NRR) is forecast at $28.1 billion in 2022/23, $12 billion higher than in 2021/22 and $14.3 billion more than estimated in Budget 2022, the province said this afternoon in its mid-year fiscal update.
November 24, 2022, 2:38 PM MST
The Alberta Energy Regulator (AER) has received applications from Strathcona Resources Ltd. for a temporary variance to interim directive 2001-03 Sulphur Recovery Guidelines and for a 2.6 tonnes per day sulphur dioxide emission limit until Dec. 31, 2023 to facilitate the engineering, procurement, construction and commissioning of a sulphur recovery unit (SRU) and associated sulphur management plan at Lindbergh.
November 22, 2022, 8:22 AM MST
MEG Energy Corp.’s president and CEO Derek Evans doesn’t expect the current wide WCS-WTI differentials to last.
November 10, 2022, 12 AM MST
Enbridge Inc. is continuing with shipper discussions on a new commercial agreement for the Canadian Mainline that works for both customers and the company, and while it prefers to arrange an incentive tolling deal rather than filing a cost-of-service agreement, “that option is always there,” says the company’s chief executive.
November 7, 2022, 12 AM MST
Canadian Natural Resources Limited says operations at both the Horizon and Scotford upgraders are online after technical issues caused the assets to undergo unplanned outages in October.
November 3, 2022, 1:58 PM MDT
Thanks in part to the highest natural gas output in its history, Canadian Natural Resources Limited achieved record total quarterly production of approximately 1.34 million boe/d while third quarter earnings climbed to approximately $2.8 billion.
November 3, 2022, 11:22 AM MDT
Suncor Energy Inc. says the company continues to optimize and streamline its portfolio in an effort to maximize value through its core assets.
November 3, 2022, 10:57 AM MDT
Work continues at Suncor Energy Inc. to improve safety and operational excellence, with a particular focus on its mining and tailings operations, says the company’s interim chief executive.
November 3, 2022, 10:09 AM MDT
In light of recent government comments that the oil and gas sector is hoarding cash while enjoying skyrocketing profits and shareholder returns, Cenovus Energy Inc.’s top executive came to the industy’s defence Wednesday, saying the financial contributions made by producers are often overlooked.
November 2, 2022, 2:03 PM MDT
Despite an erratic commodity price environment, solid upstream and downstream operating results propelled Cenovus Energy Inc.’s financial results upwards as the company almost tripled Q3 earnings year-over-year to $1.6 billion and funds flow soared.
November 2, 2022, 11:17 AM MDT
November 2, 2022, 9:29 AM MDT
A lot of emphasis is placed on analyzing and attempting to generate forecasts for the price differential between Canada’s heavy oil benchmark of Western Canada Select (WCS) and that of the North American light oil benchmark, West Texas Intermediate (WTI).
November 1, 2022, 12 AM MDT
Gibson Energy Inc. is looking to grow its core liquids infrastructure business and build out new energy transition operations as alternative fuel production expands, but any opportunities will have to fit within its current investment parameters, president and chief executive officer Steve Spaulding said at the company’s third quarter conference call Tuesday.
November 1, 2022, 10:10 AM MDT
It seems the days of developing an outlook for Canadian light-heavy crude oil price differentials based primarily on fundamental factors (North American supply/demand/inventories) has become even more difficult than it used to be.
October 31, 2022, 9:12 AM MDT
After a challenging start to 2022 related to extreme cold weather conditions and unplanned downtime in the first quarter, Imperial Oil Limited says operations and output at Kearl continue to recover and the asset set a daily production record of more than 350,000 bbls in October.
October 31, 2022, 6 AM MDT
Imperial Oil Ltd.’s third quarter earnings and cash flow soared as solid performance at Kearl kept total output essentially flat year-over-year and refinery throughput and utilization was strong.
October 28, 2022, 11:20 AM MDT
Acceleware Ltd. started the heating well workover program at its commercial-scale RF XL pilot project at Marwayne.
October 21, 2022, 12 AM MDT
October 19, 2022, 2:30 PM MDT
The Alberta Energy Regulator (AER) has received applications from Canadian Natural Resources Limited seeking approval for the installation of an additional heater (heater 31-F-1C) at the existing diluent recovery unit (DRU), Train 1, Unit 31 at the Horizon oilsands mine and processing plant.
October 17, 2022, 12 AM MDT
Suncor Energy Inc. has applied to the Alberta Energy Regulator (AER) to modify its integrated mine, tailings and closure plan at its Base Plant’s operations.
October 14, 2022, 12 AM MDT
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