Cenovus Energy Inc. says it is in the process of reassessing the acquired Husky Energy Inc. assets for “synergies above and beyond the company’s original $1.2 billion target,” the company’s top executive told analysts on a Q1 conference call this morning.
May 7, 2021, 11:49 AM MDT
In an “important milestone” reporting period that marked the first quarterly results of the combined Cenovus Energy Inc.-Husky Energy Inc. entity, the combined assets “have been performing extremely well” and contributed to the company’s solid operational and financial results, says Alex Pourbaix, president and CEO.
May 7, 2021, 10:41 AM MDT
Cenovus Energy Inc. is “encouraged” by the potential for federal government support for GHG reduction opportunities such as carbon capture utilization and storage (CCUS) that the company says will benefit Canada’s oil and gas industry as a whole.
May 7, 2021, 4:13 PM MDT
There is no sufficient alternative to Enbridge Inc.’s Line 5, which provides about half of the crude oil and propane to the Great Lakes states and Central Canada, says Vern Yu, executive vice-president and president, liquids pipelines.
May 7, 2021, 11 AM MDT
Enbridge Inc. achieved a strong outcome for this year’s first quarter, suggests management, given Q1 2020 results were largely free from the effects of COVID-19 pandemic that were still impacting Q1 2021.
May 7, 2021, 11:10 AM MDT
Canadian Natural Resources Limited president Tim McKay says the company is “delivering industry leading” environmental, social and governance (ESG) performance across the board which will be a “significant factor" for sustainability.
May 7, 2021, 6 AM MDT
Canadian Natural Resources Limited reported that more than 1,600 employees and contractors were vaccinated at an Alberta Health Services (AHS) clinic at Horizon.
May 7, 2021, 8:41 AM MDT
TC Energy Corporation and the Alberta government have agreed to formally suspend the Keystone XL pipeline project.
May 7, 2021, 10:11 AM MDT
COVID-19 has spurred organizations to undergo widespread and rapid digital transformation. About one-third of the 500 small and medium-sized Canadian businesses surveyed by KPMG have accelerated their adoption of technology since the start of the pandemic.
May 7, 2021, 6 AM MDT
Pembina Pipeline Corporation’s Prince Rupert Terminal, the company’s first propane marine export facility, entered service at the end of the quarter and as of April 22, two vessels had departed destined for international markets.
May 7, 2021, 1:26 PM MDT
Given the improvement in commodity prices and the expectation of a post-pandemic economic recovery, Pembina Pipeline Corporation said it anticipates a return to its traditional growth trajectory by 2022.
May 7, 2021, 1:39 PM MDT
During the first quarter of 2021, Topaz Energy Corp. continued to execute its growth strategy, investing $144 million to acquire 765,000 gross acres of high margin gross overriding royalty interests in the Deep Basin and Clearwater areas of Alberta.
May 7, 2021, 5:43 AM MDT
Crew Energy Inc. continues to reduce its surface footprint by developing its resource through the drilling of longer extended reach horizontal (ERH) wells, the company noted in its Q1 report.
May 7, 2021, 6:10 AM MDT
Gail Hannon will be standing for election to Crew Energy Inc.’s board of directors at the annual meeting, which is scheduled for May 20, 2021.
May 7, 2021, 6:37 AM MDT
May 7, 2021, 8:05 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of May 7, 2021, as reported this morning by Rig Locator.
May 7, 2021, 11:27 AM MDT
Construction of Inter Pipeline Ltd.’s $4.2 billion Heartland Petrochemical Complex (HPC) is nearing completion, and as it moves towards first production in early 2022 all the commercial agreements needed to make the project successful are falling into place, Christian Bayle, president and chief executive officer, told analysts at the company’s first quarter conference call.
May 7, 2021, 1:51 PM MDT
The U.S. rig count is up eight rigs from last week to 448, with oil rigs up two to 344, gas rigs up seven to 103, and miscellaneous rigs down one to one, according to Baker Hughes.
May 7, 2021, 11:10 AM MDT
May 7, 2021, 11:16 AM MDT
Inter Pipeline Ltd. reported net income of $128 million in the first quarter of 2021, a 43 per cent increase over the first quarter of 2020, driven largely by strong performance in its new transportation and marketing segments.
May 7, 2021, 8:10 AM MDT
Obsidian Energy Ltd. has formally closed its previously announced strategic alternatives process, considering the successful completion of the syndicated credit facility and senior notes maturity extension to November 2022 and its stronger operational and improved financial position.
May 7, 2021, 7:38 AM MDT
TransGlobe Energy Corporation began completions work during Q1 2021 on the previously drilled two-mile horizontal well in South Harmattan.
May 7, 2021, 8:28 AM MDT
May 7, 2021, 7:58 AM MDT
Few people seem to appreciate how extremely complex energy transition is. Is it possible to transition to a low carbon intensity energy system quickly, cheaply, and safely, given the realities of energy demand and existing technologies associated with `green’ energy?
May 7, 2021, 7:24 AM MDT