Archive / Author

Subscribe

Gordon Jaremko

Gordon Jaremko worked as a reporter and editor for Canadian daily newspapers, wire services and monthly magazines for 38 years in Calgary, Edmonton and Ottawa, primarily covering politics, economics and business with emphasis on the Alberta petroleum industry. He has contributed to four books and has become an independent contractor engaged on two history projects. He has been contributing to Intelligence Press since 1986.

Gordon Jaremko's avatar

Canada Correspondent | Calgary, AB

email gjaremko@gmail.com

Pembina Bets on Growth Through CCUS, LNG and Pipeline Partnerships

Pembina Bets on Growth Through CCUS, LNG and Pipeline Partnerships

Pembina Pipeline Corp. laid the foundation for potential future growth by securing three partnerships, described as “significant and transformational,” during the first six months of this year. Among the partnerships is a venture with TC Energy Corp. called Alberta Carbon Grid into carbon capture, utilization and storage (CCUS). The Calgary-based pipeline companies proposed building a…

August 9, 2021
Repsol Nabs Irving Oil Stakes in Canaport LNG Import Terminal

Repsol Nabs Irving Oil Stakes in Canaport LNG Import Terminal

Spanish energy major Repsol SA is the sole owner of Canada’s only liquefied natural gas (LNG) import terminal after it purchased Irving Oil Ltd.’s share in the project. Repsol, which previously a  held 75% stake in the terminal, added Irving’s 25% interest in the disused Canaport LNG terminal at St. John, New Brunswick. The value…

August 6, 2021
Canada’s Tamarack Valley Logs Improvements on Higher Output, Stronger Prices

Canada’s Tamarack Valley Logs Improvements on Higher Output, Stronger Prices

Increased production and prices of all commodities propelled an improved performance by Canadian independent Tamarack Valley Energy Ltd. during the first six months of this year. As the Covid-19 pandemic faded, Tamarack oil and natural gas liquids production jumped by 37% to average 18,751 b/d during January through June this year. Natural gas output grew…

August 6, 2021
Imperial Gets Earnings Boost From Retail, Refining Rates

Imperial Gets Earnings Boost From Retail, Refining Rates

The Esso brand of more than 2,000 service stations across Canada and a trio of jumbo refineries in Ontario and Alberta helped put a tiger in Imperial Oil Ltd.’s financial tank during the first six months of this year. The ExxonMobil subsidiary’s downstream side reported first-half 2021 revenue of C$11.1 billion ($8.9 billion) from refined…

August 4, 2021
U.S. Remained Top North American Natural Gas Trader in 1Q, Says DOE

U.S. Remained Top North American Natural Gas Trader in 1Q, Says DOE

International natural gas prices leaped in the first three months of this year as economic shocks inflicted by the early 2020 onset of Covid-19 wore off, according to the Department of Energy (DOE). The United States kept its stature as the top North American gas trader, almost doubling former champion Canada’s volume. Total U.S. exports…

August 3, 2021
Whitecap Slips into Black on Better Prices, Boosts Carbon Reduction Targets

Whitecap Slips into Black on Better Prices, Boosts Carbon Reduction Targets

Whitecap Resources Inc. scored a financial comeback in the first six months of this year while also taking steps to further reduce greenhouse gas (GHG) emissions. Following a series of acquisitions of smaller companies, Whitecap oil production grew to 72,475 b/d in first-half 2021 from 55,349 b/d a year earlier. Natural gas rose to 140.9MMcf/…

August 3, 2021
Montney-Focused Arc Reverses Losses on Higher Production, Commodity Prices

Montney-Focused Arc Reverses Losses on Higher Production, Commodity Prices

Liquids-rich natural gas wells and stronger commodity prices more than paid for an expensive corporate takeover and turned Montney shale specialist Arc Resources Ltd. back into a profitable producer during the first six months of this year. Increased output and prices of all products – natural gas, oil and condensate, and natural gas liquids (NGL)…

August 3, 2021
Enbridge Sees Space for Fossil Fuel Infrastructure in Energy Transition, Expects Line 3 Gains by Year’s End

Enbridge Sees Space for Fossil Fuel Infrastructure in Energy Transition, Expects Line 3 Gains by Year’s End

Enbridge Inc. has assured shareholders that it would stay strong by adapting to the energy transition even as the Canadian midstream giant faces ongoing opposition from fossil fuel foes over its projects. “We believe that in all practical scenarios our assets will remain critical to supporting long-term energy demand,” said Enbridge President Al Monaco as…

August 2, 2021
Cenovus Swings to Profit on Rising Prices, Refinery Demand

Cenovus Swings to Profit on Rising Prices, Refinery Demand

Rising consumer demand for fuels from an expanded refinery and retail chain as the Covid-19 pandemic faded helped propel sharply improved financial performance by Cenovus Energy Inc. in the first six months of this year. The Calgary firm’s downstream chain of 1,073 service stations and five U.S. refineries – two in Ohio and one each…

August 2, 2021
Suncor Sees Oil Prices Jump Sharply, Commits 10% of Capital to GHG Initiatives

Suncor Sees Oil Prices Jump Sharply, Commits 10% of Capital to GHG Initiatives

Calgary-based Suncor Energy Inc. saw its earnings jump in the first half of the year, as oil demand rose and the pandemic receded, resulting in the North American retail unit standing out as the growth star. Maintenance turnaround projects, which limited production and sales by the refineries and oilsands operations during 2020 and early this…

July 30, 2021