Temporarily shut down due to a pipeline interruption that left it without sufficient feedstock.
Earnings were buoyed by a one-time deferred tax recovery of $1.12 billion associated with corporate income tax rate cut of 1%.
Problem with pump equipment, regulator says no wildlife has been affected.
Earnings boosted by the gain on the sale of controversial pipeline expansion to federal government.
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.
But Quebec is backing one major issue with some of the other provinces – opposition of the federal carbon tax.
Would result in Alberta producers getting better prices for higher volumes of oil.
Kenney government aims to get the $30-million Calgary-based war room running this summer.
Enforcement plans could include an education campaign, written warnings, compliance orders and charges.
Experts concerned it could send unwelcome protectionist signals to the world leading to resisting market forces.
Promise is in line with the Conservative party’s economic and climate strategy.
Montney could compete with premier Texas shale oilfields but it’s being held back by a “cumbersome” regulatory system.
Bill would put into a law a voluntary moratorium on tanker traffic off BC’s north coast.
Company hopes to put 45 to 50 rigs to work in Western Canada in the third quarter.