Newspaper ads ask readers to call on “leaders of all political stripes” to lend their support to the energy industry.
Earnings were buoyed by a one-time deferred tax recovery of $1.12 billion associated with corporate income tax rate cut of 1%.
Volatility blamed on pipeline capacity failing to match growing oil sands output, and production limits.
Comes 18 years after Foster Creek facility was launched as the first commercial oil sands project to use steam-assisted gravity drainage.
Tough economic times have had an effect on Calgary’s landmark festival.
Kenney government aims to get the $30-million Calgary-based war room running this summer.
Includes thermal in situ oil sands production and conventional primary heavy crude oil operations next door.
…unless new Alberta premier Jason Kenney lifts emissions cap.
Cap stays, will proclaim into law a bill to cut oil shipments to BC in response its opposition to the Trans Mountain pipeline expansion.
In Q1, improved commodity pricing drove a strong financial performance, and royalty payments of more than $190 million.”
Research suggests while renewables are still small, they play a big role in meeting new demand.
No point in doing so if there’s no pipeline capacity to carry the oil to market.
Suncor Energy proposes to chemically treat its tailings, concentrate them all in a single deposit by 2073.
Operating earnings were $580 million versus $1.31 billion, well below analyst expectations of $724 million.
Would convert 77,000 barrels of diluted bitumen daily into medium synthetic crude and an ultra low sulphur diesel.