Wednesday, 2 April 2025

Focus on Trans Mountain

Pembina Pipeline Corp. says while it remains interested in global export opportunities, it isn't devoting much time currently to exploring a potential purchase of the Trans Mountain pipeline. The corporate logo of Pembina Pipeline Corp. (TSX:PPL) is shown. THE CANADIAN PRESS/HO
BusinessNewsOilTransmission

Pembina Pipeline says potential Trans Mountain purchase not a priority

Pembina Pipeline Corp. says while it remains interested in global export opportunities, it isn't devoting much time currently to exploring a potential purchase...

A new survey shows nine out of ten Canadian energy sector executives believe oil prices will remain strong for the next three to five years. Pumpjacks draw out oil and gas from wells near Calgary on Monday, Sept. 18, 2023. THE CANADIAN PRESS/Jeff McIntosh
BusinessNatural GasNewsOil

Canadian oil executives expect sustained period of strong crude prices: survey

Nine out of 10 Canadian energy sector executives believe oil prices will remain strong for the next three to five years, according to...

Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed Trans Mountain pipeline expansion to Pacific markets. A truck carries oilsands at Suncor's facility near Fort McMurray on Friday, Sep. 1, 2023. THE CANADIAN PRESS/AP/Victor R. Caiv
BusinessNewsOilTradeTransmissionTransport

Suncor leasing oil tanker ships to carry crude from Trans Mountain pipeline expansion

Suncor Energy Inc. says it is leasing and operating a number of Aframax oil tanker ships to carry crude from the recently completed...

News Release

EIA expects electricity growth to be mostly met by renewables

May 7 2024 The U.S. Energy Information Administration (EIA) expects electricity generation will grow by about 3% in 2024 and 1% in 2025....

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.

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

Calgary-based MEG Energy sees earnings rise in first quarter to $98 million

Meg Energy CEO Darlene Gates says the additional pipeline capacity from the start-up of the Trans Mountain expansion is expected to narrow heavy...

Refinery workers walk inside the LyondellBasell oil refinery in Houston, Texas March 6, 2013. REUTERS/Donna Carson/File photo
AnalysisIn-DepthIndustryOil

Analysis: Heavy oil shortage spells higher cost for industry

Mexican export cuts and a rerouting of Canadian output are shrinking limited supplies of heavy crude in the Atlantic basin

The Canadian Natural Resources logo is shown at the company's annual meeting in Calgary, Thursday, May 4, 2017. THE CANADIAN PRESS/Jeff McIntosh
BusinessFinanceNatural GasNewsOil

Canadian Natural Resources sees path to hike Horizon oilsands output by 76%

Canadian Natural Resources Ltd. said it believes the output of its Horizon oilsands mine could be increased by 195,000 barrels per day of...

The fixed wellhead platform of Cenovus Energy's West White Rose extension project, which had been suspended in March 2020, is seen under construction in Argentia, Placentia Bay, Newfoundland, Canada December 13, 2019. Picture taken December 13, 2019. REUTERS/Greg Locke/ File Photo
BusinessNatural GasNewsOil

Canada’s Cenovus Energy posts higher first-quarter profit

Cenovus first quarter results show record volume and rise in net income.

Workers lay pipe during construction of the Trans Mountain pipeline expansion on farmland, in Abbotsford, B.C., on Wednesday, May 3, 2023. Wednesday marks the official start date of the long-awaited $34 billion Trans Mountain oil pipeline expansion project. THE CANADIAN PRESS/Darryl Dyck
EconomyInfrastructureNewsOilPoliticsTradeTransmission

Oil begins moving on $34 billion Trans Mountain pipeline expansion

Expanded pipeline from Alberta to British Columbia coast ready to transport crude oil, but with Trans Mountain open questions still remain over the...

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