A greater focus on shorter duration turnarounds for facilities and extended periods between them is translating into increased production and with that lower per unit costs, say oilsands operators.
Trans Mountain Corporation is competitive with the U.S. Gulf Coast when it comes to the economics of waterborne oil exports, says its chief financial officer.
Second quarter adjusted EBITDA for Trans Mountain Corporation increased to $558 million, compared to $283 million in the same period of the prior year due to increased throughput and higher tolls since the commercial commencement of the expanded system.
The Alberta government is now forecasting resource revenue of $15.7 billion in 2025-26, $1.4 billion lower than budget, the province noted in its Q1 fiscal update on Thursday.
Trican Well Service Ltd. has closed its acquisition of Iron Horse Energy Services.
Blacksteel Energy Inc. has closed the sale of all of its oil producing assets in the Girouxville area to Perthro (Canada) Inc.
Wells recently placed on production from Coelacanth Energy Inc.’s 5-19 pad have exceeded expectations and the company is placing all of its wells on production by Oct. 1, 2025, once all planned third-party outages and/or major pipeline maintenance is completed in September.
Effective Dec. 31, 2026, a two per cent levy on computer hardware will apply to grid-connected data centres of 75 megawatts or greater, says the Alberta government.