WINNIPEG, Manitoba – The new CEO at Suncor Energy Inc SU.TO, Canada’s second-biggest oil producer that has been dogged by safety and operational problems, said on Tuesday that he would look to cut costs, improve efficiency and simplify …
(Bloomberg) — Wildfires burning across the Canadian province of Alberta have prompted the evacuation of almost 30,000 residents and the shut down of oil and natural gas wells and pipeline systems.
A total of 109 blazes were burning …
(WO) – Suncor Energy has agreed to purchase TotalEnergies’ Canadian operations through the acquisition of TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) and a 50% …
CALGARY, AB, April 3, 2023 /CNW/ – Vermilion Energy Inc. (“Vermilion”) (TSX: VET) (NYSE: VET) is pleased to announce the closing of the acquisition of Equinor Energy Ireland Limited (“EEIL”) from Equinor ASA on March …
Scotiabank downgrades Canada’s Suncor Energy Inc to “sector perform” from “sector outperform.”
Brokerage says new CEO Rich Kruger will have a fresh approach to some of SU’s operational issues over the past few years but “there is …
The Canadian and Alberta governments will establish a federal-provincial working group to accelerate remediation of oil sands tailings ponds, the Alberta government said on Wednesday, as investigations continue into an ongoing tailings leak at Imperial Oil’s Kearl …
CALGARY — Canadian Natural Resources Ltd.’s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production.
The Calgary-based company reported Thursday that it earned $1.52 billion …
Publisher’s Note: Tamarack Valley Energy will be presenting at EnerCom Dallas – The Energy Investment & ESG Conference on April 18-19, 2023. Register to attend.
CALGARY, AB, March 1, 2023 /CNW/ – Tamarack Valley Energy Ltd. (“…
CALGARY – The Canadian Association of Petroleum Producers says it expects investment in oil and natural gas production in this country to hit $40 billion this year.
The industry group says that’s 11 per cent higher than …
CALGARY – When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014.
With Russia controlling 10 per cent …
CALGARY, Alberta, Feb. 22, 2023 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” …
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Despite efforts from Canada’s Prime Minister Justin Trudeau to move away from oil sands – long hailed as the world’s most destructive oil operation – Alberta, the country’s largest oil-producing region, is pushing to open new energy corridors …
Cenovus Energy Inc posted a net profit for the fourth quarter on Thursday, compared with a loss last year, and said Chief Operating Officer Jon McKenzie would become its president and chief executive officer.
McKenzie, who was …
OTTAWA – Oilsands executives insist they are all in on cutting emissions and will make big investments in green technology, but they maintain there isn’t a place to invest that money yet.
Many companies are coming off …
In Canada’s oil patch, controversy is raging over federal government legislation intended to help the fossil fuel labour force transition to a greener economy, but union and community leaders are warning politicization of the Just Transition bill obscures
(WO) —The Pathways Alliance, representing Canada’s largest oil sands producers, has entered into a Carbon Sequestration Evaluation Agreement with the Government of Alberta.
The agreement enables the Alliance to immediately start a detailed evaluation of its proposed …
Canadian and U.S natural gas production is expected to hit new records in 2023, but growth may be slow due to weakened demand, pipeline bottlenecks and a lack of new liquefied natural gas (LNG) export plants.
Gas …
TC Energy Corp has submitted a restart plan for its Keystone pipeline to U.S. safety regulator Pipeline and Hazardous Materials Safety Administration (PHMSA) which is being reviewed, according to a source on Tuesday.
The 622,000 barrels per day …
REGINA, SK – ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK) (TSXV:ROK.WT) is pleased to announce that it has entered into an Asset Exchange Agreement (the “Acquisition“) to …
The U.S. energy sector has enjoyed bumper profits in the current year, with Big Oil companies setting records left, right and center. And Wall Street is saying the party is set to continue in the coming year. According …
Oil extended gains on Tuesday as a key pipeline bringing the resource to the United States remained shut, adding to concerns about potential tight supply in the world’s biggest crude consumer.
U.S. West Texas Intermediate (WTI) crude …
Canadian pipeline operator TC Energy said it had contained the leak from the Keystone pipeline that occurred in the middle of last week, spilling 14,000 barrels of crude into a creek.
The leakage was contained in Kansas, …
CALGARY, Alberta, Dec. 06, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2023 budget, delivering disciplined capital allocation and focused investment plans to progress opportunities across its integrated portfolio, holding …
WINNIPEG, Manitoba – As TC Energy Corp prepares to unload C$5 billion ($3.7 billion) in assets next year, investors and analysts say the North American pipeline operator has plenty of options without touching its core gas business.
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(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 …
