Over the past decade the federal government has been touting the importance of decarbonizing Scope 1 and 2 emissions from Canadian crude oil to provide it with a competitive advantage in foreign markets, especially with global oil consumption to decline sometime in the future.
Imperial Oil Limited is transforming the technology and recovery processes that it uses at Cold Lake, the company’s in-situ oilsands operation in northern Alberta.
Development at International Petroleum Corporation's Phase 1 of its Blackrod SAGD project in Alberta is on time and on budget for first oil in late 2026, says the company.
Suncor Energy Inc. reported record upstream production and refinery throughput in the second quarter, helping to offset lower commodity prices.
Kiwetinohk Energy Corp. has new expectations for both its production results and operating costs for the full year in 2025.
Up to $12.7 million from the industry-funded TIER program will be invested to support three new energy projects that use natural infrastructure to strengthen the electricity grid, safely store carbon dioxide and extract critical battery metals needed around the world, said the Alberta government.
During the second quarter, PHX Energy Services Corp. spent $20.7 million in capital expenditures, of which $12.4 million was spent on growing the company’s fleet of drilling equipment, $6.4 million was spent to replace retired assets, and $2 million was spent to replace equipment lost downhole during drilling operations.
AKITA Drilling Ltd. reported net income of $2.3 million for the three months ended June 30, 2025, reversing a loss of $0.5 million during the same period in 2024.