Gordon Jaremko

Canadian pipeline giant Enbridge Inc. said Friday it was seeing an uptick in interest for crude and liquefied natural gas (LNG) exports from the U.S. Gulf Coast amid an anticipated global economic recovery from the Covid-19 pandemic. “Our solid regional footprint and premier North American integrated pipeline networks are ideally positioned to capitalize on these…

TC Energy Corp. said the pandemic continues to inflict headaches on the biggest project under construction, the Coastal GasLink supply line  designed to feed liquefied natural gas (LNG) supply for the Royal Dutch Shell plc-led LNG Canada project in northern British Columbia. “We continue to expect project costs to increase significantly along with a delay…

Western Canada-focused Pembina Pipeline Corp. painted a rosy outlook in its first quarter earnings report for a Canadian industry-wide recovery amid improving commodity prices, with volumes from the Montney Shale and the Duvernay formation expected to grow. “Over the past few quarters, across both the pipelines and facilities divisions, we have seen steady increases in…

Calgary production giant Canadian Natural Resources Ltd. (CNRL) scored a comeback in the first three months of 2021, reversing losses inflicted a year earlier by Covid-19 and the slump in oil and gas prices. “As the global vaccine distribution increases and crude oil demand recovers, especially in the United States, we are seeing improved commodity…

Tapping liquids-rich Canadian unconventional natural gas and a continent-wide marketing program paid off for Tourmaline Oil Corp. in the first three months of this year. As the top natural gas producer drilling only in Canada, the Calgary explorer scored a 30% gain to 1.91 Bcf/d in the quarter from 1.47 Bcf/d a year earlier. Liquids…

Output grew and profits revived across Suncor Energy Inc.’s wells-to-wheels chain of Alberta oil and national refining and retailing operations during the first three months of this year. Management said it was well positioned to maintain financial health across its production to retail chain “as the deployment of  vaccines leads to recovering economies and an…

Route and construction changes have ended the second British Columbia (BC) native rights dispute that threatened to delay the C$12.6 billion ($10 billion) Trans Mountain Pipeline expansion (TMX). Semá:th (Sumas) First Nation dropped years-long opposition after TMX re-engineered the project leg across tribal territory near the U.S. border in the Fraser Valley at Abbotsford, 50…

Nine years after announcing tanker shipments would start in 2018, the $10 billion plan for liquefied natural gas (LNG) exports from Canada’s Atlantic coast has secured road access to its terminal site but has not begun construction. Nova Scotia Environment Minister Keith Irving granted the road permit for Goldboro LNG, and owner Pieridae Energy Ltd.…

Calgary-based Imperial Oil Ltd. returned to profitability during the first three months of 2021, lifted by higher commodity prices and improved operations. President Brad Corson, who discussed the results during a conference call with his management team, attributed the first quarter gains to “decisive actions to weather the economic storm throughout 2020, including making fundamental…