oil

Suncor Sets Records for Oil Sands Production and Refining in 2024

Suncor Sets Records for Oil Sands Production and Refining in 2024

Jan 6, 2025 | 7:36pm
Suncor Reports Record-Breaking Production and Refining Results for 2024 Suncor Energy (TSX: SU) has announced record-breaking operational results for 2024, highlighting significant growth in oil sands production and refinery utilization. The company achieved an annual average production of 827,000 barrels per day (bbls/d), an 11 per cent increase from 2023. Fourth-quarter production reached a record […]
Alberta Aims to Double Oil Output, Boost North American Energy Role

Alberta Aims to Double Oil Output, Boost North American Energy Role

Jan 6, 2025 | 7:02pm
Alberta Partners with Enbridge to Double Oil Production and Boost Exports The Alberta government is making plans to double the province’s oil production and expand crude exports to the United States. To advance this goal, Alberta has signed a letter of intent with Calgary-based Enbridge. The agreement will create a working group with the Government […]
Canadian Oil Companies Set Higher Production Targets for 2025

Canadian Oil Companies Set Higher Production Targets for 2025

Dec 15, 2024 | 7:01pm
Canadian Oil Majors Forecast Higher Production in 2025 Amid Demand Optimism and Policy Uncertainty Canadian oil giants Suncor, Cenovus, and Imperial Oil each released corporate guidance on December 12. The companies are taking a bullish stance on 2025, forecasting production increases despite looming policy and potential trade challenges. Suncor outlines plans to boost production to […]
RMWB Tax Incentive Attracts $500 Million Investment

RMWB Tax Incentive Attracts $500 Million Investment

Dec 11, 2024 | 6:22pm
RMWB Tax Incentive Fuels Major Energy Investment Fort McMurray, AB – A major energy investment in the Regional Municipality of Wood Buffalo (RMWB) is set to generate hundreds of jobs and boost the local economy. Wolf Midstream, a Calgary-based energy company, has announced plans to expand its operations in the region with the construction of […]
Proposed Trump Tariffs on Canadian Oil Threaten U.S. Energy Security

Proposed Trump Tariffs on Canadian Oil Threaten U.S. Energy Security

Nov 26, 2024 | 5:59pm
Oil Industry Pushes Back Against Trump’s Proposed Tariffs on Canadian Exports The oil industry is sounding the alarm over President-elect Donald Trump’s proposed 25 per cent tariffs on all Canadian exports to the United States, including energy. The move could have significant consequences for U.S. energy security and consumer fuel prices, analysts warn. Patrick De […]
Oil Prices and U.S. Tariffs Pose Risks to Alberta’s Projected $4.6 Billion Surplus

Oil Prices and U.S. Tariffs Pose Risks to Alberta’s Projected $4.6 Billion Surplus

Nov 21, 2024 | 7:38pm
Alberta Projects $4.6 Billion Surplus Amid Economic Uncertainty Alberta is projecting a $4.6 billion surplus this fiscal year, higher than its previous estimate of $2.9 billion made in the first quarter update. The surplus comes from higher-than-expected income tax revenue and non-renewable resources, but Finance Minister Nate Horner cautioned that the projection comes with significant […]
Imperial Oil Faces Major Fine for Oil Spill Affecting First Nation Community

Imperial Oil Faces Major Fine for Oil Spill Affecting First Nation Community

Nov 14, 2024 | 6:44pm
Imperial Oil Fined Over $1 Million for Sarnia Spill Impacting Aamjiwnaang First Nation Imperial Oil has been fined over $1 million after pleading guilty to a charge under Ontario’s Environmental Protection Act. The case relates to a 2021 release of approximately 1,150 litres of slop oil at its Sarnia refinery. According to documents published by […]
US Imports of Oilsands Reach Historic High
eia.gov

US Imports of Oilsands Reach Historic High

Oct 30, 2024 | 8:04pm
US Imports of Canadian Crude Reach Record High The Trans Mountain Pipeline expansion is making a significant impact on Canada’s oil trade. The United States Energy Administration reported that crude oil imports from Canada reached an all-time high in July, with Americans purchasing 4.3 million barrels per day. This surge in demand is attributed to […]
Alberta Fights Federal Emissions Cap with $7 Million Campaign

Alberta Fights Federal Emissions Cap with $7 Million Campaign

Oct 15, 2024 | 7:23pm
Alberta Launches $7 Million Campaign to Fight Federal Emissions Cap Alberta is stepping up its fight against the federal government’s proposed emissions cap for the oil and gas sector with a new $7 million advertising and social media campaign. Dubbed “Scrap the Cap,” the campaign aims to raise awareness about the potential economic impacts of […]
Alberta Energy Minister Clashes with Federal Counterpart on Oil Production

Alberta Energy Minister Clashes with Federal Counterpart on Oil Production

Sep 25, 2024 | 5:45pm
Alberta’s Minister of Energy and Minerals, Brian Jean, is vocally opposing comments made by federal Natural Resources Minister Jonathan Wilkinson regarding the future of the oil and gas sector in Canada. Earlier this week, Wilkinson stated that oil production is expected to peak in 2024 and suggested that the oil and gas market is on […]

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