Alberta Oil And Gas

• Latest milestones move Cedar LNG closer to getting a green light

  The proposed US$3.4-billion Cedar LNG facility is looking more likely to become a reality in the wake of recent positive statements by the project partners.

  Canada

  Apr 5
  
• Alberta to increase fuel tax by 4 cents starting April 1

  Albertans will be paying more at the pumps for gasoline and diesel starting April 1.

  Canada

  Mar 21
  
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• Canadian Natural Resources hits record oil production amid rising U.S. demand

  Canadian Natural churned out 1.42 million barrels of oil equivalent per day in the fourth quarter, up nearly 10 per cent year over year.

  Canada

  Feb 29
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• Crescent Point Energy raises quarterly dividend 15%, reports Q4 profit

  Crescent Point Energy Corp. raised its quarterly base dividend by 15 per cent as it reported fourth-quarter net income of $951.2 million.

  Economy

  Feb 29
• Crude-by-rail shipments jumped in last half of 2023 as Alberta’s oil output grows

  When the Trans Mountain pipeline expansion begins shipping oil, the recent increase in crude-by-rail shipments should reverse, said BMO Capital Markets analyst Ben Pham.

  Economy

  Feb 26
• Suncor reports 2023 was the company’s safest year ever, reverses workplace injury trend

  Suncor's CEO said the company achieved its best overall employee and contractor safety performance in the company's history last year.

  Canada

  Feb 22
• Suncor breaks oilsands record, but adjusted earnings fall on weaker oil prices

  Suncor Energy Inc. says it earned $2.82 billion in the fourth quarter of 2023, up from $2.74 billion in the same period of 2022.

  Canada

  Feb 21
• Imperial Oil breaking production records as industry awaits Trans Mountain completion

  As Canada's energy sector ramps up for the anticipated start-up of the expanded Trans Mountain pipeline, Imperial Oil reported its highest production levels in over 30 years.

  Consumer

  Feb 2
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• Trans Mountain considering how to move forward from latest construction delay

  Trans Mountain Corp. is currently removing the section of pipe it had been attempting to pull into the hole drilled for it in the Fraser Valley between Hope and Chilliwack.

  Canada

  Feb 1
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• Weaker oil prices should bring some relief to consumers in 2024, analysts say

  Analysts say 2024 will be a year of weaker oil prices, something that should bring some relief to weary consumers after two years of soaring energy costs.

  Canada

  Jan 8