Enbridge Quarterly Profit Beats Estimates On Higher Crude Shipments
Enbridge has been working on replacement works on its massive Line 3 pipeline, running from Alberta to Wisconsin, to restore its capacity to 760,000 bbl/d.
February 15, 2019
Canada
Berkshire Hathaway Buys Stake In Canada’s Suncor Energy
Warren Buffett’s Berkshire Hathaway purchased a stake in Suncor Energy, sending the U.S.-listed shares of the Canadian oil and gas producer up 4% in after-market trading.
February 14, 2019
Keystone Operator TransCanada Profit Beats On Higher Pipeline Demand
TransCanada's earnings from its liquids pipelines came in at $399.49 million compared with a loss of $699 million a year earlier.
February 14, 2019
Oil Sands Producer Cenovus Energy Posts Wider Quarterly Loss
Cenovus Energy's quarterly loss widened, but the oil sands producer said the impact of output cuts will be more than offset by an improvement in Canadian crude prices this year.
February 13, 2019
Murphy Energy Executive Gene Coleman To Retire
Murphy Oil said Eugene T. (Gene) Coleman, executive vice president of exploration and business development for the El Dorado, Ark.-based oil and gas company, will retire by the end of February.
February 11, 2019
Partial Oil Upgrading The Latest Fix For Canada's Pipeline Problem
Alberta in January announced a $334 million loan guarantee for a $1.5-billion partial upgrading facility planned by private company Value Creation. The Edmonton-area plant would turn 77,500 barrels per day (bbl/d) of diluted bitumen into medium crude oil and low-sulfur diesel, starting in 2022.
February 7, 2019
Suncor Reports Quarterly Loss From Year-Ago Profit
Canada, the world's fourth largest producer of crude oil, has suffered from a steep discount for its oil, as tight pipeline space and insufficient rail capacity pushed the differentials between Canadian oil and U.S. prices to their largest spread in years.
February 6, 2019
Controlling Solids On Multiwell Pads
Technologies are supporting shale well pad advances.
February 1, 2019
Canadian Province Of Alberta Lowers Oil Curtailments As Glut Eases
The Canadian province of Alberta will ease oil curtailments in February and March, earlier than expected, saying on Jan. 30 that its rare step to limit production had eased a glut of crude.
January 31, 2019
‘Under Siege’: Oil Industry Mulls Raising Returns, PR Game
At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.
January 25, 2019