Suncor to record impairment charge on White Rose assets
Suncor advised that it will record in the fourth…
Canadian Natural to boost oil, gas output 5% on higher $3.2B budget
Increased drilling program a result of no curtailment and a current improved outlook for commodity prices in 2021.
Future value of Trans Mountain rests on Liberals’ climate plans: PBO
Paying for the pipeline’s expansion is estimated to cost $12.6 billion.
Layoffs at Husky worksite after company gets $41.5M in public cash
Will leave just 10 skilled tradespeople at a site that once employed 2,700.
US adds Chinese chipmaker, oil giant to security blacklist
That raises the total number of companies 35 on the list of entities linked to modernizes China’s military.
Baytex Energy sets lower capital budget for 2021
Spending of between $225 million and $275 million next year.
Application to pause Alberta inquiry into fossil fuel foes funding
Kenney government contend foreign interests have been bankrolling campaigns against fossil fuel development.
Imperial Oil to lay off 200 workers following cost cutting analysis
Also reduced the number of contractors it employs by about 450 since the start of the year.
Fossil fuels declining, but still big in Canada’s energy use by 2050: report
Even with many more policies to curb emissions, oil and gas would still make up nearly two-thirds of energy sources.
Drilling forecast calls for 14% rebound in 2021 from depths of 2020
The Canadian Association of Oilwell Drilling Contractors expects 3,771 wells to be drilled next year.
Why oil and gas are fundamental to Canada
$493 billion in energy revenues paid to governments since 2000 is more than family allowance and children’s benefits since 1970.
Natural Law Energy inks deal with TC Energy to invest in Keystone XL
Indigenous group represents four First Nations in Alberta and one in Saskatchewan.
Tourmaline Oil buys two privately held oil and gas firms for $526M
Expects its production at the end of 2020 to be about 400,000 boe/d with the successful completion of the two acquisitions.
Inquiry into Alberta oil and gas critics extended to Jan. 31
Looking at foreign interests bankrolling campaigns against fossil fuel development.
Suncor relocating its PetroCanada HQ to Calgary from Ontario
Shift to remain competitive by integrating the downstream business with the rest of the company.