Today we’re launching a three-part series examining the opinion of Canadians on energy and climate.  

Since spring 2020, Positive Energy has asked Canadians how good a time it is for Canada to be ambitious in addressing climate change even if there are costs to the economy.

Suncor Energy Inc. achieved several quarterly production records, including record oilsands production, record gross production at Fort Hills and the second-highest quarterly upstream production in the company's history, Rich Kruger, president and CEO, said during a Q4 and year-end 2023 results conference call this morning.

With drought being expected and already present in much of Western Canada, Brad Fedora, president and CEO of Trican Well Service Ltd., said water restrictions are being factored into the company’s operations plans this summer.

Given the persistent and increasing weakness in U.S. natural gas prices, Chesapeake Energy Corporation is pulling in the reins on 2024 capital spending and drilling and completion activity, says the company’s top executive.

Chord Energy Corporation and Calgary-headquartered Enerplus Corporation have entered into a definitive arrangement agreement that sees the companies combine in an approximately $11 billion stock and cash transaction.

In recent years provincial jurisdictions across the Western Canadian Sedimentary Basin have been increasing the defined requirements for bringing inactive oil and gas sites to closure.

Headquartered in Calgary, Parkland Corporation is an international fuel distributor and convenience store retailer with operations spanning 25 countries.

The Trans Mountain pipeline expansion delay was keenly discussed during Gibson Energy Inc.’s fourth quarter 2023 results call-in, with president and CEO Steve Spaulding telling an analyst they are considering the delay “indefinite” until they hear otherwise.

The energy industry needs to have a conversation about data, and urgency is growing as producers and adjacent companies adapt to evolving regulatory landscapes.

While International Petroleum Corporation’s primary focus in 2024 will be on advancing construction on its 30,000 bbls/d phase one development of its Blackrod thermal project, the company will also continue to look for smaller potential acquisition targets, said president and chief executive officer William Lundin at IPC’s recent Capital Markets Day.

In response to lower forecasted natural gas prices, Kelt Exploration Ltd. has reduced its 2024 capital expenditure program to $325.0 million, down seven per cent from its previous budget of $350.0 million.

As Kelt Exploration Ltd. has entered various agreements that provide the company with the ability to increase its raw gas processing capacity over the next three years.

Obsidian Energy Ltd. had an active 2023 capital program with both development and exploration/appraisal activities, providing a solid foundation as it enters the first year of its three-year growth plan to increase production to over 50,000 boe/d in 2026.

Diamondback Energy Inc. will maintain its Permian oil production in the 270,000 bbls/d range in 2024 in response to uncertain global demand, chief executive officer Travis Stice said in his quarterly letter to shareholders released prior to the company’s year-end conference call.

Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million

Petrus Resources Ltd. plans 2024 capital spending of $40 million to $50 million, of which approximately 90 per cent will be allocated toward drilling new wells in its Ferrier and North Ferrier areas.

Braya Renewable Fuels has reached commercial operations.

Helium Evolution Incorporated reported that its partner and operator, North American Helium Inc. (NAH), has initiated the completion operations for the well located at 9-35-3-9W3.

Prairie Provident Resources Inc.’s reserves fell for 2023.