15 November

Suncor CEO Steve Williams speaks at the opening of the Fort Hills oilsands mine in September 2018. Image: Joey Podlubny/JWN CALGARY — Suncor Energy Inc. says Steve Williams will retire as chief executive after the company’s annual meeting next May. Williams, 62, joined Suncor in 2002 and took the helm of Canada’s largest energy producer […]

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15 November

Drilling in the Permian Basin. Image: Chevron For the second consecutive quarter, capital spending in the U.S. upstream sector climbed in Q3/2018. This is according to early Q3 analysis based on a selection of 64 U.S.-based E&P companies within the Evaluate Energy database. The 64 companies recorded a combined capital spend of $34.1 billion in […]

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15 November

Image: Ambyint Husky Energy has committed to deploy an AI-driven system for production optimization on all wells in its Rainbow Lake oil and gas field, tech developer Ambyint announced on Tuesday. It’s an expansion of pilot work that Husky said brought it “immediate benefits by achieving a meaningful improvement in well uptime and operating costs.” […]

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15 November

Natural Resources Minister Amarjeet Sohi. Image: Union of BC Municipailities CALGARY — Natural Resources Minister Amarjeet Sohi says he shares Albertan’s “frustration” at billions of dollars being lost to the Canadian economy due to oil price discounts linked to export pipeline capacity constraints. But he says Ottawa is focused on finding long-term solutions by getting […]

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15 November

Mark Little, chief operating officer appointed president and will become chief executive officer at Suncor’s 2019 Annual General Meeting CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) — Suncor today announced that Steve Williams will retire as chief executive officer at the company’s Annual General Meeting on May 2, 2019. Mark Little, chief operating officer is […]

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15 November

CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced third quarter results for the period ended September 30, 2018. RESULTS AT A GLANCE Three Months Ended Nine Months Ended September 30 September 30 FINANCIAL ($000s, except as noted) 2018 2017 Change 2018 2017 Change Royalty and other revenue 40,815 33,938 […]

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15 November

CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its financial and operational results for the third quarter of 2018, a strategic Montney land acquisition in Pouce Coupe and its preliminary plans for 2019. The full text of Birchcliff’s Third Quarter 2018 Report, […]

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15 November

Part 1: What Are the Challenges Importance of hydraulic fracturing to industry The shale hydrocarbon reservoirs compromise a significant portion of the total unconventional resources in Canada. Duvernay and Montney are the principal western Canadian shale plays which have been estimated to have over 600 trillion cubic feet of natural gas and 5 billion barrels […]

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15 November

North West Redwater Sturgeon Refinery CALGARY – A new refinery touted as part of the solution to Alberta’s oversupply of heavy oil likely won’t begin processing oilsands bitumen until year-end, several months later than expected. That means 80,000 barrels per day of diluted bitumen that would have been delivered to the $9.7-billion Sturgeon Refinery near […]

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14 November

Athabasca Oil Corp. CEO Rob Broen wants the Notley government to temporarily curb oil output in Alberta. The head of Athabasca Oil Corp. took steps to throttle back the company’s thermal oilsands production due to lousy prices. After shutting in, CEO Rob Broen spoke out. Broen wants the Notley government to step up in the […]

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