(Bloomberg) — Canadian Natural Resources Ltd., Canada’s largest oil and gas producer, is aiming to raise production as high as 1 million barrels a day in 2023 for the first time as the company ramps up drilling amid …
CALGARY, Alberta, Nov. 22, 2022 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces that its wholly-owned subsidiary, Lone Pine Resources Inc. (“LPRI”), did not receive a favourable decision in its arbitration claim under …
Western Canada Select (WCS) crude’s discount to the benchmark West Texas Intermediate (WTI) narrowed slightly on Tuesday.
WCS heavy blend crude for December delivery in Hardisty, Alberta, settled at $28.60 barrel under WTI, according to NE2 Inc, …
The United States and Canada are frustrated with Mexico’s approach to energy. The country’s energy policy has fluctuated over the last decade as different presidents have taken wildly different approaches to transform the sector. The previous Mexican President, …
Canada’s proposal to tax corporate stock buybacks is unlikely to deter oil and gas companies from returning cash to shareholders and may instead put them at a competitive disadvantage, industry officials and analysts said.
Canadian energy companies …
REGINA, SK / ACCESSWIRE / October 31, 2022 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK) is pleased to announce that it has added Tom MacInnis as a director of the …
(Bloomberg) — Canadian heavy crude prices plunged to their biggest discount to futures since 2018 and, this time, the collapse has little to do with a shortage of pipelines.
Heavy Western Canadian Select’s discount to West Texas
CALGARY, ALBERTA (October 11, 2022) – Baytex Energy Corp. (TSX: BTE) today announced that Eric Greager is to be appointed President and Chief Executive Officer and a member of the Board of Directors. Mr. Greager is …
Alberta’s incoming premier has set the stage for a showdown with Canada’s federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau.
Danielle …
OTTAWA – Environment Minister Steven Guilbeault isn’t warming to the idea of combating climate change by imposing a windfall tax on the massive profits being posted by Canadian energy companies.
U.N. Secretary-General António Guterres this week said fossil …
Publisher’s Note: Tamarack Valley Energy was a presenter at EnerCom Denver last month. Click to view their replay.
(Bloomberg) — Deltastream Energy Corp.’s gamble six years ago on drilling for oil in a heavily forested area of …
Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals.
This time, companies …
Publisher’s Note: Recon Africa was a presenter at the EnerCom Denver- The Energy Investment Conference this past week. Please click here for replays.
VANCOUVER, BC, Aug. 17, 2022 /CNW/ – Reconnaissance Energy Africa Ltd. (the …
BOE Report
CALGARY, AB – While the Russian invasion of Ukraine has increased the incentive to raise Canadian oil sands production in the short-term, it has not fundamentally altered the production outlook over the longer-term, according to the latest forecast …
Bloomberg) — The Canadian government released potential designs for an emissions cap on the oil and gas industry, the next step in Prime Minister Justin Trudeau’s plan to cut emissions in the sector by 42% by 2030.
Environment …
(Bloomberg) — Suncor Energy Inc.’s chief executive officer stepped down on Friday after a series of fatalities at the company’s oil sands sites shook confidence in its management.
Mark Little agreed to leave as president and CEO and …
(Bloomberg) — Canada’s economic expansion suffered a minor setback last month after a robust start to the year, driven by a drop in oil production.
Preliminary data show gross domestic product contracted by 0.2% in May as …
Publisher’s Note: BP will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend.
CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement …
(Bloomberg) — Canadian heavy crude prices have collapsed relative to futures prices because of high refining costs rather than the pipeline bottle necks that have plagued the industry in the past, according to a Toronto-based analyst.
Western Canadian …
Canadian oil and gas producer Suncor Energy, which is under pressure from an activist investor firm, on Tuesday said it is making progress on safety and operational improvements after posting stronger-than-expected first-quarter results.
Elliott Management last month publicly called …
(Bloomberg) — Canada’s banks have only just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they’re running into conflicts between what climate activists and ESG investors want and what …
ARC Resources Ltd. Reports Record Year-end 2021 Results and Reserves Canada New…
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(Bloomberg) — Canadian light oil producer Crescent Point Energy Corp. is looking to sell a package of lands in Alberta and Saskatchewan that was producing 11,154 barrels of oil equivalent per day as of the fourth quarter of …
Feb 1 – Canada’s Imperial Oil Ltd IMO.TO on Tuesday posted a quarterly profit that narrowly missed estimates, as extreme cold weather hit the company’s production.
Oil sands mining, which accounts for the bulk of Canada’s crude output, …
CALGARY (Bloomberg) –Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.
The country seeks to …
CALGARY (Bloomberg) –Exxon Mobil is looking to sell its Canadian shale assets to focus on Alberta’s oil sands.
Exxon and its majority-owned Imperial Oil Ltd. unit will start marketing XTO Energy Canada, which produces 9,000 barrels a …
LONDON (Bloomberg) –Canada’s oil sands producers were able to export a record amount of crude to overseas markets thanks to a new link to the U.S. Gulf Coast.
The recent reversal of Marathon Pipe Line Inc.’s Capline pipeline …
