Oil Production

• Strathcona Resources closes Pipestone Energy merger deal creating 5th largest oil producer in Canada

  Pipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in Canada.

  Money

  Oct 3, 2023
  
• Cenovus Energy reports 2nd-quarter profits down, lowers upstream production guidance

  Cenovus' upstream production in the second quarter of 2023 was 729,900 barrels of oil equivalent per day, down from 761,500 a year earlier for comparison.

  Money

  Jul 27, 2023
  
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• Net-zero world could see Canada’s oil output plummet by 2050: modelling

  The report, released Tuesday, marks the first time the regulator has presented a long-term outlook for Canadian energy using net-zero as a baseline. 

  Canada

  Jun 20, 2023
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• Alberta wildfires: Energy companies curtail production as thousands evacuated

  The curtailments come as several thousand people have been ordered to leave their homes as more than 100 wildfires burn across Alberta.

  Economy

  May 8, 2023
• Suncor inks deal with French company that will expand bitumen production capacity

  TotalEnergies had announced last year it planned to exit the Canadian oilsands by spinning off TotalEnergies EP Canada, but said it decided to sell the operations instead.

  Canada

  Apr 27, 2023
• Gas prices in the Okanagan steadily rising: expert

  "Say hello to $1.80 and maybe even $1.90 before summer. I think it's a safe bet that we'll hit $2 a litre, whether we go over that in the Okanagan remains a factor to be noticed."

  Consumer

  Apr 3, 2023
• Cenovus Energy to boost oil production in 2023

  Cenovus Energy Inc. said total offshore oil production is expected to be in a range of 65,000 to 78,000 barrels of oil equivalent per day.

  Economy

  Dec 6, 2022
• Biden to release 15M barrels from U.S. strategic oil reserve after OPEC+ cuts

  Biden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday.

  World

  Oct 18, 2022
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• Biden warns Saudi Arabia of ‘consequences’ after OPEC+ cuts oil production

  Biden suggested he would soon take action, as aides announced that the administration is reevaluating its relationship with the kingdom in light of the oil production cut.

  World

  Oct 12, 2022
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• Biden re-thinking U.S.-Saudi relationship after OPEC+ cuts oil production: White House

  U.S. President Joe Biden was disappointed in the OPEC+ decision to cut global oil production and is rethinking the country's relationship with Saudi Arabia as a result.

  Economy

  Oct 11, 2022