Tuesday, 3 December 2024

Focus on MEG Energy Corp.

The MEG Energy Corp. logo is seen in an undated handout. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*
BusinessNewsOilWeather

MEG says 2024 production to come in at low end of forecast due to wildfires

MEG Energy anticipates 2024 production at the low end of its forecast due to wildfires and cold weather impacts earlier this year.

Some Canadian CEOs say the hundreds of billions of dollars the United States is offering in subsidies for the energy transition is causing a worrisome brain drain of some of this country's top talent. The CEO of Canadian fertilizer giant Nutrien Ltd. Ken Seitz, is shown in this handout image.
THE CANADIAN PRESS/HO-Nutrien Ltd **MANDATORY CREDIT**
BusinessEconomyElectric Vehicles (EVs)LegislationNuclear PowerPoliticsRegulationsSolarStorageWind

CEOs warn US energy transition subsidies are driving brain drain and investment out of Canada

Canadian CEOs warn that U.S. subsidies from the Inflation Reduction Act are driving a brain drain and investment south.

Financial numbers flow on the digital ticker tape at the TMX Group in Toronto's financial district on May 9, 2014. A newly released ranking of the Toronto Stock Exchange's top performers shows investors continue to be attracted to companies at the forefront of the energy transition. THE CANADIAN PRESS/Darren Calabrese
BusinessCritical MineralsEconomyElectricityFuelInfrastructureIntertiesMineralsMiningNatural GasNewsOilTransmission

Energy transition the big theme among the TSX’s top performers

Mining, electrical infrastructure and more make up the majority of Toronto Stock Exchange as energy transition turns into big business.

MEG Energy Corp. says it has started bringing workers back to its Christina Lake oilsands site after evacuating all non-essential personnel last week due to wildfires in northern Alberta.The MEG Energy Corp. logo is seen in an undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*
BusinessFuelNewsOil

MEG Energy workers returning to Alberta oilsands site after wildfire evacuation

MEG Energy resumes operations at Christina Lake after wildfires; CEO Gates cites effective firebreaks and worker safety assurances amidst ongoing regional fires.

The MEG Energy Corp. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*
BusinessFuelNewsOil

MEG Energy sees earnings rise in second quarter, announces dividend

MEG Energy boosts quarterly earnings to $234M and declares a 10-cent dividend per share, aided by the Trans Mountain pipeline expansion success.

Greenpeace activists, some dressed in business suits and wearing smoke stack hats, 'greenwash' BP's Calgary headquarters with large letters spelling out 'TAR SANDS' in Calgary, Thursday, April 15, 2010. THE CANADIAN PRESS/Jeff McIntosh
AnalysisBusinessCarbon ManagementEmissionsLegislationNatural GasOilPolitics

Canadian oil and gas industry making risky play over greenwashing law: experts

Experts in communications and greenwashing say Canada's oil and gas industry is making a risky play in so fully scrubbing environmental claims from...

Pathways Alliance CEO Kendall Dilling is interviewed at the World Petroleum Congress  in Calgary, Monday, Sept. 18, 2023.THE CANADIAN PRESS/Jeff McIntosh
BusinessCarbon ManagementClimateEmissionsEnvironmentFuelLegislationNatural GasNewsOilPolitics

Pathways Alliance oilsands group removes all website, social media content

Pathways Alliance oilsands group has removed all content from its website and social media feeds amid uncertainty around an anti-greenwashing provision

BusinessEconomyFuelNewsOilTradeTransmission

Chinese refiner Rongsheng buys its first Canadian TMX crude oil cargo

Chinese refiner Rongsheng Petrochemical has bought its first Canadian crude cargo via the recently expanded Trans Mountain pipeline (TMX) from TotalEnergies through a...

BusinessNewsOil

Pathways Alliance names former MEG Energy CEO as executive chair

Derek Evans becomes Pathways Alliance executive chair after leaving consortium member MEG Energy as president.

Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come. The MEG Energy Corp. logo is seen in this undated handout photo. THE CANADIAN PRESS/HO, MEG Energy *MANDATORY CREDIT*
BusinessFinanceNewsOilTransmission

MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’

Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come.

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