Canada

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…

Improved prices for increased oil, natural gas and liquids volumes, achieved in part on corporate takeovers, fueled a return to profitability by Canadian producer Whitecap Resources Inc. in the first three months of this year. Whitecap oil production volumes grew year/year to 64,795 b/d from 56,631 b/d, with natural gas volumes hitting 129 MMcf/d from…

The Alberta government has won an epic court battle with its British Columbia (BC) counterpart over rights of oil- and natural gas-producing provinces to control pipeline flows. The Canadian Federal Court of Appeal dismissed a BC lawsuit against a 2018 Alberta bill nicknamed the “turn-off-the-taps act,” formally titled the Preserving Canada’s Economic Prosperity Act. BC…

Prime Minister Justin Trudeau set a carbon emissions reduction target of 40-45% by 2030 for Canada, matching the goal declared Thursday by President Biden at the virtual global climate change summit. “Canada understands that if you don’t have a plan to tackle climate change, then you don’t have a plan to create jobs and economic…

Carbon emissions will be on the agenda when the Michigan Public Service Commission (MPSC) begins hearings on May 18 into Enbridge Inc.’s $500 million plan to save its 540,000 b/d Line 5 oil conduit. “The need for a robust record in this case is crucial,” said an MPSC procedural ruling Wednesday. The ruling regards the…