Canada
News
August 09, 2023
Absolute emissions remained flat at 81 million metric tons of carbon dioxide, while total oil sands production rose by more than 50,000 bpd to 3.1 MMbpd, S&P said.
News
August 08, 2023
ConocoPhillips exercised its right to purchase the remaining 50% interest in Surmont from TotalEnergies SE for about $3 billion in May. The acquisition is expected to close in the second half of 2023.
News
August 04, 2023
Canadian Natural will raise output from its Primrose site by 25,000 bpd in the current quarter and boost production at its Kirby oil-sands operation by 15,000 bpd in the fourth quarter, the company said Thursday.
News
August 04, 2023
Tourmaline said late on Wednesday that it’s joining Rockies LNG, a group of producers working on the 12 million-metric-ton-per-year Ksi Lisims project on the northern edge of British Columbia’s Pacific coast.
News
August 01, 2023
Alberta’s total oil output dropped 21% to 2.71 MMbpd, the lowest since June 2016, when oil-sands producers were recovering from wildfires that shut about 1 MMbpd of capacity.
News
July 06, 2023
“Justice Marshall leaves an enduring legacy in our energy industry and our province," said Energy NL CEO Charlene Johnson.
News
May 31, 2023
“We have seen this before and come through the other side. We will do so again. Our members will continue to prepare and show, as a sector, that we are ready to play a leading role in one of the world’s lowest carbon energy projects," said Charlene Johnson, Energy NL CEO.
News
May 31, 2023
The project to develop an oil field about 500 kilometers (311 miles) off Newfoundland’s coast has “experienced significant cost increases” in recent months, the company said.
News
May 29, 2023
Taking full control of Surmont’s low-cost production helps ConocoPhillips Chief Executive Officer Ryan Lance meet a commitment to return $11 billion in cash to shareholders this year by letting the company generate free cash flow at even lower crude prices.
News
May 18, 2023
ConocoPhillips is restoring non-essential workers to its Surmont oil-sands site in Alberta after removing them Tuesday because of a wildfire nearby, the company said in an emailed statement. Until now, the blazes were hindering oil and gas production in the western part of the province, far from the oil sands in the northeast.
News
May 15, 2023
Pipestone Energy Corp. temporarily halted roughly 20,000 boed of output since Friday after blazes resurfaced close to some processing facilities the company relies on. It had restarted assets that were shut in response to a wave of fires in early May.
News
May 15, 2023
In 2016, wildfires tore through Aberta’s oil sands, shutting down more than 1 MMbbl of daily crude production and razing whole sections of Fort McMurray, the biggest city in the oil-sands region. This month’s blazes have largely spared the oil sands, but they’ve hammered the province’s drought-stricken west, forcing the evacuation of as many as 30,000 people and curtailing natural gas production.
News
May 12, 2023
This acquisition aligns with Crescent Point's long-term strategy and enhances the company's portfolio by adding 600 high-return Montney locations, further extending its premium drilling inventory to 15 years.
News
May 08, 2023
The fires are affecting energy production in the region, which accounts for most of Canada’s hydrocarbon exports. One community under evacuation order as of Sunday was Fox Creek, a major center for light oil and gas drillers.
News
April 27, 2023
The acquisition is for cash consideration of C$5.5 billion (U.S, $4.04 billion), with the potential for additional payments of up to an aggregate maximum of C$600 million ($440.62 million).
News
April 18, 2023
Located in northern Alberta, Fort Hills is Canada’s newest oil-sands mine. The site began operation about five years ago and produced about 164,000 bpd last year, AER data show.
News
April 10, 2023
The pipeline also may allow oil-sands companies to boost production. Imperial Oil Ltd., which is controlled by Exxon Mobil Corp., expects to finish a 15,000-barrel-a-day expansion of its Cold Lake facility ahead of schedule this year, Chief Executive Officer Brad Corson said at the conference.
News
April 04, 2023
During the FEED engineering, KBR will continue to help Equinor develop one of the lowest carbon emitting FPSO's in the world, using an onboard combined cycle power system and the latest technology to minimize the number of crew onboard and maximize digital solutions.
News
March 29, 2023
Highlights of the budget for Energy NL include a plan to improve the efficiency of the impact assessment process for major projects, support for offshore wind, the Clean Hydrogen Investment Tax Credit, the Clean Technology Investment Tax Credit, and the Carbon Capture, Utilization, and Storage Investment Tax Credit.
News
March 29, 2023
QatarEnergy entered into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada.
News
March 28, 2023
The purchase will add 600 drilling locations and 38,000 boe of production. The cash acquisition — which will be financed through Crescent Point’s existing credit facilities — immediately adds to key per-share cash flow metrics, the company said.
