Saskatchewan operations. Image: Husky Oil production and refining volumes at Husky Energy Inc. are gradually returning to normal after deep cutbacks earlier this year but the company is braced for a “bumpy” recovery, CEO Rob Peabody said Thursday. The Calgary-based energy producer and refiner reported having curtailed about 80,000 bbls/d of mainly heavy oil output […]
Read MoreSee Full Stock Page » CALGARY — Two of Canada’s biggest oil sands producers are taking different approaches to restoring production that was shut down during the pandemic lockdowns as signs of an economic recovery and higher oil prices emerge. Both Cenovus Energy Inc. and Suncor Energy Inc. reported millions of dollars in losses in […]
Read MoreRail cars wait for pick up in Winnipeg, on Sunday, March 23, 2014. File photo by The Canadian Press/John Woods Canadian exports of crude oil by rail plunged by 63 per cent in May compared with April as North American fuel demand dropped due to measures taken to control the COVID-19 pandemic . The Canada […]
Read MoreAlberta Premier Jason Kenney tasked Energy Minister Sonya Savage with evaluating the AER last year. Alberta is overhauling rules around oil and gas wells for the first time in decades in an effort to accelerate site cleanup and prevent a future backlog of inactive and orphan wells. Under the changes announced Thursday, petroleum producers will […]
Read MoreU.S. President Donald Trump issued a presidential permit on Wednesday granting the operator of the existing Keystone oil pipeline, TC Energy, the right to increase the maximum throughput capacity, while the Keystone XL project continues to face significant legal hurdles to starting construction. Under the permit, the limit to ship crude oil from Canada to […]
Read MoreCalgary, Alberta – Bonavista Energy Corporation (TSX: BNP) (“Bonavista”) is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2020. The financial statements and notes, as well as management’s discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at http://www.sedar.com and […]
Read MoreCALGARY, AB – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended June 30, 2020. CORPORATE UPDATE – CRUDE PRICE FUNDAMENTALS IMPROVING 1. Managing The Pandemic: Surge’s management team has an established track record of making proactive capital allocation decisions to protect […]
Read MoreCALGARY, Alberta – Cardinal Energy Ltd. (“ Cardinal ” or the “ Company “) (TSX: CJ) is pleased to announce its operating and financial results for the second quarter ended June 30, 2020. Selected financial and operating information is shown below and should be read in conjunction with Cardinal’s unaudited condensed interim financial statements and […]
Read MoreTC Energy confirmed Wednesday evening that it received a new presidential permit from U.S. President Donald Trump to increase flows through its existing Keystone pipeline. CALGARY — TC Energy Corp. surprised oil markets with an approval for new pipeline capacity on its existing Keystone pipeline connecting Alberta to U.S. Gulf Coast refineries. TC Energy confirmed […]
Read MoreSome 2,800 new wells will be drilled in Canada this year, according to the Petroleum Services Association of the country. This is the third downward revision the PSAC has made so far this year amid the continuing oil price crisis. Its previous revision was to a 50-year low of 3,100 wells, the Canadian Press reports […]
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