Suncor Energy Inc. reported record production and strong cash flow in the second quarter as the company strategically moved more bbls to Syncrude, including curtailment volumes purchased from third parties, in order to boost production of higher value synthetic crude oil (SCO).
July 25, 2019, 10:56 AM MDT
Suncor Energy Inc. is nearing a sanction decision on a new major project to replace coke fired boilers at its oilsands Base Plant with gas-fired cogeneration units, CEO Mark Little said this morning. The project is a key piece of the company’s strategy to an incremental $2 billion of cash flow by 2023, he said.
July 25, 2019, 11:01 AM MDT
Cenovus Energy Inc.’s top executive says the Alberta government’s mandatory curtailment program is “doing what it was designed to do,” and the company expects the province will continue to “use it as a tool” while there is an inadequate balance between takeaway and production capacity.
July 25, 2019, 11:48 AM MDT
Cenovus Energy Inc. posted strong second quarter results as free cash flow, earnings and most other financial metrics vastly improved year-over-year.
July 25, 2019, 10:49 AM MDT
Lower production and reduced throughputs due primarily to a heavy maintenance turnaround schedule and non-routine write-offs and expenses, affected Husky Energy Inc.’s second quarter 2019 results with lower funds flow and net income.
July 25, 2019, 10:37 AM MDT
Precision Drilling Corporation saw a revenue increase for the second quarter of 2019, primarily attributable to higher activity and average day rates in the U.S. contract drilling business.
July 25, 2019, 9:57 AM MDT
Crescent Point Energy Corp. spent over $1 billion on development capital expenditures in last year’s first half, but its spending in the first six months of 2019 is down close to 50 per cent from a year ago.
July 25, 2019, 11:17 AM MDT
Vancouver-based Teck Resources Limited benefitted from an improved profit outlook at the Fort Hills oilsands mine, where it is partnered with Suncor Energy Inc., to produce better second quarter financial results than otherwise would have been the case, as the prices for the key metals it mines declined.
July 25, 2019, 10:17 AM MDT
George Lewis has been appointed to Cenovus Energy Inc.’s board of directors, effective immediately.
July 25, 2019, 8:22 AM MDT
A project that uses oil-eating bacteria to find hydrocarbons in the Atlantic Ocean is taking a deeper dive thanks to a $6.5 million boost from the federal government.
July 25, 2019, 8:18 AM MDT
July 25, 2019, 9:38 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of July 25, 2019, as reported this morning by Rig Locator.
July 25, 2019, 11:36 AM MDT
Western Energy Services Corp. continues to seek opportunities for deploying existing Canadian assets into more active American resource plays, given the industry outlook, says management in the company’s second quarter results.
July 25, 2019, 12 AM MDT
July 25, 2019, 6 AM MDT
July 25, 2019, 11:13 AM MDT
July 25, 2019, 7:13 AM MDT
July 25, 2019, 7:02 AM MDT
July 25, 2019, 10:24 AM MDT
July 25, 2019, 6:54 AM MDT
July 25, 2019, 7:20 AM MDT