Imperial Oil Limited plans to spend an average of up to about $1.4 billion annually over the 2020-2024 period, down 30 per cent from last year’s view, as it looks to invest for value and select volume growth, analysts heard Thursday.
November 20, 2020, 6 AM MST
Technology and innovation — especially digital — is a big part of the future for Imperial Oil Limited which is already seeing $150 million per year in digital value, the company’s virtual investor day heard Thursday.
November 20, 2020, 6 AM MST
Imperial Oil Limited is selectively investing in its flagship Cold Lake in situ asset to maintain strong cash flow generation and reduce greenhouse gas intensity over the long-term, a senior executive said Thursday.
November 20, 2020, 6 AM MST
The performance of Imperial Oil Limited’s Kearl in situ oilsands asset this year has been “nothing short of outstanding” with supplemental crushers delivering significant value, says the head of upstream operations.
November 20, 2020, 6 AM MST
The “fear of peak demand is leading to the reality of peak supply,” says Eric Nuttall, senior portfolio manager at Ninepoint Partners LP. That is a key reason he is optimistic for the future of Canada’s energy sector.
November 20, 2020, 7:23 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 20, 2020, as reported this morning by Rig Locator.
November 20, 2020, 11:20 AM MST
Canada has all the elements that could make it a leader in the clean hydrogen economy that many see as a critical part of the future for energy in a low carbon world — but Canada must act fast if it hopes to capitalize on its advantages and secure its lead as several other countries make progress in the hydrogen race, according to GLJ Ltd.
November 20, 2020, 6 AM MST
COVID-19 and the need to follow physical distancing guidelines means that the 2021 PSAC STARS & Spurs Gala will undergo significant changes compared to prior years.
November 20, 2020, 6 AM MST
Cenovus Energy Inc. and Husky Energy Inc. have named the executive leadership team that is expected to lead the combined company.
November 20, 2020, 7:06 AM MST
The Canadian oil and gas industry is facing some of the biggest challenges in its history. A global pandemic has shaken a sector already undermined by a persistent glut of oil, anemic commodity prices, market access issues and mounting climate pressures. It is a potentially existential crisis through which only the best-equipped companies will thrive. Those companies will increasingly be digital.
November 20, 2020, 6 AM MST
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E3 Metals Corp. has entered into an agreement with Canaccord Genuity Corp. to lead a brokered private placement of units of the company in syndicate with Mackie Research Capital Corp. (MRCC) of up to C$6.7 million at a price of C$1.10/unit.
November 20, 2020, 7:39 AM MST
The U.S. rig count is down two to 310 with oil rigs down five to 231, gas rigs up three to 76, and miscellaneous rigs unchanged at three, according to Baker Hughes.
November 20, 2020, 11:28 AM MST
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