Although Suncor Energy Inc.’s Q1 output was down slightly year-over-year, the company’s financial results were improved and returns to shareholders boosted on the backs of the company’s integrated business model and continued commodity price strength, says president and CEO Mark Little.
May 10, 2022, 9:46 AM MDT
In his first public comment regarding Elliott Investment Management L.P.’s call for a series of changes to Suncor Energy Inc.’s board, management and operations, the company’s top executive said he’s hopeful that pending discussions between the two sides will prove productive.
May 10, 2022, 2:14 PM MDT
May 10, 2022, 10:59 AM MDT
In alignment with its strategy to maximize value through its core business, Suncor Energy Inc. continues to take steps to optimize its asset portfolio through planned overseas divestments.
May 10, 2022, 3:46 PM MDT
During the first quarter of 2022, in alignment with Suncor Energy Inc.'s strategy to maximize value through its core business, the company announced that it is taking steps to optimize its asset portfolio through the planned divestment of its exploration and production (E&P) assets in Norway.
May 10, 2022, 12 AM MDT
Alberta’s natural gas storage levels are well below average currently, says Martin King, senior analyst with RBN Energy LLC, and the situation is “actually starting to look critical” for the province.
May 10, 2022, 1:23 PM MDT
Keyera Corp. reported realized cash flow from operating activities of $457 million in the first quarter of 2022, a 70 per cent increase compared with $268 million for the same period in 2021. The jump in cash flow was driven largely by a major increase in revenues from its marketing division.
May 10, 2022, 8:49 AM MDT
The Northwest Calgary Connector (NWCC) project involved the installation of approximately 14 km of high pressure, sweet natural gas, large-diameter pipeline running in the City of Calgary, along the northwest leg of Stoney Trail within the Transportation Utility Corridor (TUC), northward on 85th street, and ending in Rocky View County.
May 10, 2022, 6 AM MDT
On January 21, 2022, the Court of Queen’s Bench of Alberta (the “Court”) granted an order (the “Interim Receivership Order”) pursuant to section 47(1) of the Bankruptcy and Insolvency Act (“BIA”), RSC 1985, c B-3, s.13(2) of the Judicature Act (“JA”), RSA 2000, c J-2, and s.242(3) of the Business Corporations Act, RSA 2000, c B-9 (“ABCA”), whereby Alvarez & Marsal Canada Inc., was appointed interim receiver (the “Interim Receiver”) of Big Bear Energy Rentals Ltd.
May 10, 2022, 6 AM MDT
Thermal Intelligence is proud to announce their flagship product BASECAMP (a Green Certified 3-in-1 Heater, Light Tower & Generator) will be featured in the world-renowned television series ‘EARTH with John Holden’.
May 10, 2022, 6 AM MDT
Journey Energy Inc. announced an increase to its 2022 capital budget to $78 million, which includes E&D activities, spending for future power generation projects and A&D activity.
May 10, 2022, 12 AM MDT
One of Journey Energy Inc.'s current directors, Dana Laustsen, will be retiring from the board effective at the AGM on May 26.
May 10, 2022, 12 AM MDT
As the world transitions to a cleaner energy future, the importance of storing energy sources and energy carriers underground will increase in importance, especially when considering the intermittent nature of many "green" energy sources.
May 10, 2022, 6 AM MDT
Ensign Energy Services Inc. posted a 34 per cent year-over-year increase in marketed drilling rigs in Canada last quarter.
May 10, 2022, 7:29 AM MDT
The Canadian Association of Energy Contractors (CAOEC) has lifted its drilling forecast for 2022.
May 10, 2022, 8:24 AM MDT
The B.C. Environmental Assessment Office (EAO) has issued a second administrative penalty to Coastal GasLink Pipeline Ltd. (CGL) for non-compliance with conditions and orders related to erosion and sediment control under its environmental assessment certificate.
May 10, 2022, 12 AM MDT
Emissions Reduction Alberta (ERA) named Justin Riemer as its next CEO, effective June 6, 2022.
May 10, 2022, 9:12 AM MDT
Freehold Royalties Ltd. has entered into a definitive agreement to acquire mineral title and overriding royalty interests across approximately 1,100 net royalty acres (220,000 gross acres) in core Midland basin of the Permian for US$15.5 million, before customary adjustments.
May 10, 2022, 2:38 PM MDT
Imperial Oil Resources Limited has applied to the Alberta Energy Regulator (AER) to construct and operate a second hot lime softener sludge lagoon at the Nabiye central processing facility of the Cold Lake in situ oilsands operations.
May 10, 2022, 1:47 PM MDT
Fluor Canada’s David Mercer will lead a panel of informed industry professionals in an insightful dialogue that examines the future role that hydrogen could play in the Canadian economy.
May 10, 2022, 7:20 AM MDT
May 10, 2022, 2:14 PM MDT
Bonterra Energy Corp.’s production averaged 13,287 boe/d in Q1 2022, 12 per cent higher than Q1 2021, reflecting an active drilling program along with the continued reactivation of wells that were previously shut-in voluntarily due to low commodity prices.
May 10, 2022, 3:12 PM MDT
Bonterra Energy Corp. successfully abandoned 51.2 net wells, 12.0 net pipeline segments and decommissioned 2.0 net battery sites in Q1 with support from the Alberta Site Rehabilitation Program (SRP).
May 10, 2022, 3:28 PM MDT
Venture Global LNG announced the execution of two new long-term sales and purchase agreements (SPAs) with ExxonMobil LNG Asia Pacific (EMLAP) for the sale of two million tonnes per annum (mtpa) of liquefied natural gas (LNG).
May 10, 2022, 4:36 AM MDT
May 10, 2022, 4:39 AM MDT
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