Suncor Energy Inc. (NYSE: SU), Canada’s second-largest energy producer, said on Dec. 14 it expects average upstream production to rise 10% in 2019, even after implementing Alberta’s mandated output cuts.
Company also announces a 10% dividend increase for 2019.
The C$265 million sale to Enbridge consists of Leismer pipelines and a Cheecham storage terminal serving the Leismer oil sands and Corner projects in Athabasca’s Alberta thermal oil business.
Canada’s Cenovus Energy Inc. (NYSE: CVE) said on Dec. 11 it would reduce its capital spending for 2019 by 4% amidst a broader turnaround plan following its highly criticized deal with ConocoPhillips (NYSE: COP).
Manuj Nikhanj, who helps steer RS Energy Group as president and co-CEO of the Calgary, Alberta-based intelligence firm, is today’s Forty Under 40 honoree.
Enbridge, TransCanada pipes carry a combined 1.8 million bbl/d.
Plan would cut emissions by 40% by 2030.
Weather-induced power outages hit Enbridge Mainline system and TransCanada’s Keystone pipeline.
David Crombie, who previously served as president of completion solutions and executive vice president, brings over two decades of experience to his latest role as COO at Nine Energy Service.
Canadian Natural Resources Ltd. (NYSE: CNQ) on Dec. 5 forecast 2019 capital budget about CA$1 billion (US$753 million) lower than last year, blaming a lack of market access for its oil and “dysfunctional” government processes.