08 September

All financial figures are in Canadian dollars. CALGARY, Alberta – Following the August 14 incident at its Base Plant operations, in light of identified performance improvement opportunities at its Firebag operation, and bringing on the second train of production at Fort Hills, Suncor is today providing an operational update and revised 2020 guidance. On August […]

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05 September

CALGARY, AB — Record high prices for lumber and construction panelling are creating a resource revenue boost for the coffers of the Alberta government, partly making up for huge declines in oil and gas returns. Coniferous stumpage fees paid by forest companies for evergreen wood such as pine or spruce harvested from Crown land have […]

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04 September

Canadian heavy crude’s discount versus West Texas Intermediate (WTI) narrowed slightly on Friday, as prices were supported by a pipeline leak’s impact on oil production. Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $8.75 per barrel below WTI, according to NE2 Canada Inc. It settled the previous day […]

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03 September

Pump jack Canadian heavy crude’s discount versus West Texas Intermediate (WTI) narrowed on Thursday the most since mid-July, with production halted from a major oil sands site due to a pipeline leak. Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $8.95 per barrel below WTI, according to NE2 […]

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03 September

Imperial Oil’s Kearl mine northeast of Fort McMurray, Alta. The partial shutdown of a diluent supply pipeline following a spill near Fort McMurray has halted production at the Kearl oilsands mining operation in northern Alberta, operator Imperial Oil Ltd. said Wednesday. Analysts say the anticipated withdrawal of thousands of barrels of bitumen per day from […]

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02 September

(Gina Dittmer via Public Domain Pictures) The Lead The Polaris pipeline owned by Inter Pipeline Ltd. has been temporarily shutdown after a leak in the line released close to 550 barrels (roughly 90,000 litres) of light oil, according to the Alberta Energy Regulator. Although no wildlife or bodies of water have been impacted by the […]

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02 September

Crescent Point pumpjacks. Image: Brian Zinchuk, Pipeline News Shares in Crescent Point Energy Corp. rose Tuesday as investors and analysts applauded its decision to restart oil and gas production shut down when energy prices crashed earlier this year. The Calgary-based company’s stock rose by as much as 10 cents to $2.39 in Toronto after it […]

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01 September

VANCOUVER, BC, Sept. 1, 2020 /CNW/ – TAG Oil Ltd. (TSXV: TAO ) (OTCQX: TAOIF) is pleased to announce the following corporate updates. Management and Board of Directors Mr. Abdel (Abby) Badwi has joined the Company as Executive Chairman of the board of directors, along with Mr. Suneel Gupta who has been appointed as VP […]

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01 September

CALGARY – PetroChina Canada Inc. says it will be hiring engineers and technical specialists as it creates a new operating team after the end of an eight-year partnership in an Alberta oilfield. PetroChina and Ovintiv Inc. — formerly known as Encana Corp. — say they have agreed to terminate their joint venture formed in 2012 […]

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01 September

CALGARY – Operator Inter Pipeline Ltd. says it has partially shut down its Polaris pipeline system following a leak detected on Crown recreational land just east of the Fort McMurray airport in northern Alberta. According to the Alberta Energy Regulator, initial reports indicated about 550 barrels or 90,000 litres of light oil were released with […]

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