Oil Production
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Strathcona Resources closes Pipestone Energy merger deal creating 5th largest oil producer in CanadaPipestone shareholders voted to approve the deal last week in a move to create the fifth largest oil producer in Canada.MoneyOct 3, 2023
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Cenovus Energy reports 2nd-quarter profits down, lowers upstream production guidanceCenovus' 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.MoneyJul 27, 2023
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Net-zero world could see Canada’s oil output plummet by 2050: modellingThe report, released Tuesday, marks the first time the regulator has presented a long-term outlook for Canadian energy using net-zero as a baseline.CanadaJun 20, 2023
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Alberta wildfires: Energy companies curtail production as thousands evacuatedThe curtailments come as several thousand people have been ordered to leave their homes as more than 100 wildfires burn across Alberta.EconomyMay 8, 2023
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Suncor inks deal with French company that will expand bitumen production capacityTotalEnergies 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.CanadaApr 27, 2023
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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."ConsumerApr 3, 2023
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Cenovus Energy to boost oil production in 2023Cenovus 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.EconomyDec 6, 2022
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Biden to release 15M barrels from U.S. strategic oil reserve after OPEC+ cutsBiden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday.WorldOct 18, 2022
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Biden warns Saudi Arabia of ‘consequences’ after OPEC+ cuts oil productionBiden 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.WorldOct 12, 2022
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Biden re-thinking U.S.-Saudi relationship after OPEC+ cuts oil production: White HouseU.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.EconomyOct 11, 2022
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