There will be no curtailment policy in Alberta starting in January 2022, as the provincial government is allowing the policy to expire on Dec. 31, Energy Minister Sonya Savage announced this morning.
Days after the deal closed, safety arose as an important challenge for Cenovus Energy Inc. from the combination with Husky Energy Inc., says Alex Pourbaix, president and chief executive officer.
Cenovus Energy Inc. may be taking steam up to Narrows Lake (which has pads roughly 17-18 kilometres from the company’s central processing facilities) as an economic means to accessing some of the resource, but future solvent use certainly is not off the table for the asset either, says executive management.
While managing environmental, social and governance (ESG) risks is nothing new for Pembina Pipeline Corporation, the company is now prioritizing its ongoing efforts to embed ESG performance in its processes throughout its energy infrastructure business, analysts heard at the company’s 2021 market update on Wednesday.
Record levels of free cash flow continue to be generated by North America’s oil and gas producers according to a new report from Evaluate Energy that outlines how that cash is being used.
Cenovus Energy Inc. still maintains full decommissioning of the West White Rose project as the base assumption in the company’s five-year plan, says Jon McKenzie, executive vice-president and chief operating officer.
Part of Cenovus Energy Inc.’s acquisition deal with Husky Energy Inc. included the latter’s downstream assets in Lloydminster — the Husky Oil Refinery on the Alberta side of the border city, and the Husky Energy Upgrader on the Saskatchewan side.
Parcels that were picked up in the Redwater, Provost, Smith Coulee and Minehead areas generated some of the highlights in the latest Alberta land sale.
Avatar Innovations Inc. has opened registrations for the next iteration of its ground-breaking Avatar Program, taking participants through a three-stage process — Avatar Ignite, Avatar Accelerator and Avatar Ventures — in a process that encompasses an entrepreneurial curriculum, an energy technology accelerator and access to capital.
Canada is uniquely positioned to make a meaningful mark in the carbon capture utilization and storage (CCUS) space. If the federal government gets a proposed new CCUS tax credit program right, carbon-intensive companies across the country could very well spark an innovative revolution in the way the world handles carbon. Seizing that opportunity, though, will come down to how well any credit developed promotes cost certainty and is globally competitive.
(Houston) — Over to you, Calgary.
(Houston) — The energy ministers of Alberta and Saskatchewan provided delegates of this week’s World Petroleum Congress with a first-hand explanation of what is driving investment, innovation and emissions reduction in their provinces.
Canadian crude oil production growth will slow in the next 10 years, peaking at 5.8 million bbls/d in 2032 and declining slowly thereafter to reach 4.8 million bbls/d in 2050 as the country consumes markedly less fossil fuels, the Canada Energy Regulator (CER) says in an energy outlook released this morning.
After three years of volatile prices punctuated by 16 months of uncertainty due to the COVID-19 pandemic, Western Canada’s natural gas sector appears on track for a sustainable recovery, Pembina Pipeline Corporation executives told analysts at the company’s 2021 market update this week.
Drilling rig activity in Western Canada and the Top 10 active operators as of Dec. 9, 2021 as reported this morning by Rig Locator.
Saskatchewan’s Dec. 7, 2021 land sale generated $1.4 million.
Leucrotta Exploration Inc.’s four-well Montney Phase 1 Mica test pad is fully on production and has produced an average rate of approximately 1,700 bbls of light oil per day and 10 mmcf/d of liquids-rich gas per day for a total pad production rate of 3,300 boe/d over the last 10 days.
NGIF Industry Grants, a division of NGIF Capital Corporation, announced Tidewater Midstream and Infrastructure Ltd. as a new participant supporting innovation and clean technology development for the natural gas sector.
Royal Helium Ltd.’s Ogema-2 has reached its total depth, showing elevated helium cuts encountered during the drilling process, which were on par with helium readings during the drilling of Ogema-1.
Pembina Pipeline Corporation has agreed to issue $1.0 billion of senior unsecured medium-term notes.
Surge Energy Inc. has closed a $130 million five-year term debt facility and a new normal course $150 million first lien credit facility with a revised syndicate of five lenders.