The CEO of Suncor Energy Inc. says his company isn’t counting on higher cash flow despite analyst expectations of a “risk premium” on crude oil prices in the wake of last weekend’s attacks on Saudi Arabian oil facilities. Benchmark oil…
Tag: Oil and Gas
Senate incidents involving pro-oil and gas shirts highlight lack of clarity in legislatures’ rules
Two recent incidents that saw visitors wearing pro-oil and gas shirts banned from touring the Senate have industry watchers questioning the clarity of rules at legislatures across Canada. Twice this month, visitors to parliament buildings were asked to remove items…
Imperial Oil CEO Rich Kruger to retire, Brad Corson will take over
Imperial Oil Ltd. says chairman and chief executive Rich Kruger is retiring at the end of this year. Kruger has led the company, which is about 70 per cent owned by Texas-based Exxon Mobil Corp., since 2013. READ MORE: Calgary-based…
500,000 litres of produced salt water leaks from pipeline in northern Alberta
A Calgary-based energy company says a pipeline has been shut down after it was found to have leaked an estimated 500,000 litres of produced salt water. In a news release issued on behalf of NuVista Energy Ltd. on Thursday, Peak…
Senate security apologizes to Calgary man turned away from tour because of oil and gas T-shirt
Security for the Canadian Senate is apologizing to a Calgary man who recently visited the political landmark and claimed security staff were “shaming” members of the country’s energy industry — all because of a T-shirt. In an open letter to…
Foreign share of production in Alberta’s oilsands falls from 33% to 16%, analysis shows
When it comes to talking about how the northern Alberta oilsands have lost their lustre for foreign investors, Satoshi Abe sounds a lot like his Canadian counterparts. “I think Canada itself creates significant barriers to new investment,” said the president…
CAPP CEO says U.S. methane regulation reversal widens its competitive advantage
A U.S. proposal to ease regulations aimed at cutting methane emissions will create another competitive advantage for American producers over Canadians, the CEO of the Canadian Association of Petroleum Producers says. On Thursday, the U.S. Environmental Protection Agency said it…
Suncor asks NEB to close down Enbridge open season on Mainline pipeline
An open season launched by Enbridge Inc. to try to lock shippers into long-term contracts on its Canadian Mainline oil pipeline system is designed to take advantage of “mostly captive shippers,” Suncor Energy Inc. says. In a submission to the…
Protesters rally against Line 3 pipeline at Enbridge office in Minnesota
Dozens of people rallied outside a Minnesota office of Enbridge to protest the company’s proposed Line 3 oil pipeline replacement. Protesters said six members of their group chained themselves to a gate early Monday at Enbridge’s office in Bemidji, prompting…
Cleanup of central Alberta oil spill expected to take 3 weeks
Bonterra Energy Corp. says it has 70 workers cleaning up the site of an oil emulsion leak from a pipeline into a creek that feeds the North Saskatchewan River in west central Alberta. Story continues below In an update posted…