CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered solid results across its portfolio in the first quarter of 2024. Production from its upstream assets remained strong through the quarter, and reflects scheduled maintenance in the Atlantic region. The downstream assets continued to run with high operational availability, allowing them to benefit from improved benchmark pricing in the U.S. Beginning in the second quarter of 2024, the Board of [Read more]
Headlines
Port constraints for Canada’s Trans Mountain pipeline may crimp oil exports
Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion (TMX) may only be around half what the Canadian government-owned corporation has forecast, traders and shipping sources said. After 12 years and C$34 billion ($25 billion), the project to nearly triple the flow of crude from landlocked Alberta to Canada's Pacific Coast to 890,000 barrels per day began commercial operations on Wednesday after regulatory [Read more]
Oil falls for a third day as Middle East ceasefire hopes rise
Oil prices fell for a third day on Wednesday amid increasing hopes of a ceasefire agreement in the Middle East and rising crude inventories and production in the U.S., the world's biggest oil consumer. Brent crude futures for July fell 70 cents, or 0.8%, to $85.63 a barrel by 0456 GMT. U.S. West Texas Intermediate crude for June declined 75 cents, or 0.9%, to $81.18 per barrel. Expectations that a ceasefire agreement between Israel and Hamas could be in sight, following a renewed push [Read more]
US appeals court upholds FERC approvals for gas pipeline expansion
A U.S. appeals court on Tuesday upheld federal approvals for a natural gas pipeline system expansion project in Louisiana and Mississippi, rejecting environmentalists’ claims that the government performed an insufficient review of its climate harms. A unanimous three-judge panel of the U.S. Circuit Court of Appeals for the D.C. Circuit held that the Federal Energy Regulatory Commission (FERC) was right to determine the Evangeline Pass Expansion Project is functionally separate from four [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Apr. 30 Foreman Harvest Operations Corp. Conklin Apr. 30 Gas Plant Operator Roska DBO Fort St John Apr. 29 1st/2nd Year Apprentice Welder Strike Group Cold [Read more]
CER issues final authorization for Trans Mountain Expansion Project to operate
CALGARY, AB, April 30, 2024 /CNW/ - The Canada Energy Regulator (CER) has approved the final pipeline leave to open (LTO) application for the Trans Mountain Expansion Project (TMEP). The pipeline is now authorized to carry crude oil from Trans Mountain's Edmonton Terminal, located in Strathcona County, AB, to its Westridge Marine Terminal, located in Burnaby, BC, in Western Canada. Companies regulated by the CER must apply for and obtain LTO before a pipeline, pipeline section or associated [Read more]
Trans Mountain pipeline expansion gets green light to open for May 1
CALGARY - The Trans Mountain pipeline expansion is complete and the Canada Energy Regulator has given the go-ahead for the project to open. The regulator says it has approved the last remaining "leave to open" applications submitted by Trans Mountain Corp. Approval of these applications was required before the expanded pipeline could begin shipping oil. The pipeline expansion project took four years to construct and racked up a total cost of more than $34 billion. It twins the existing [Read more]
Suncor Energy to release first quarter 2024 financial results, and hold Annual General Meeting of Shareholders
Calgary, Alberta--(Newsfile Corp. - April 30, 2024) - Suncor (TSX: SU) (NYSE: SU) will release its first quarter financial results on May 7, 2024 before 5:00 p.m. MT (7:00 p.m. ET). A webcast to review the first quarter will be held on May 8, 2024 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. Troy [Read more]
Yangarra announces 2024 first quarter financial and operating results
CALGARY, AB, April 30, 2024 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX: YGR) announces its financial and operating results for the three months ended March 31, 2024. During the quarter, Yangarra successfully executed a high-graded capital program resulting in promising results at West Ferrier and Chambers. The initial Belly River well was followed up with two additional Belly River wells. As a result of the high-grade capital program, the liquids weighting increased [Read more]
Gibson Energy announces voting results for election of Board of Directors
CALGARY, Alberta, April 30, 2024 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) ("Gibson" or the "Company") announced today the voting results for the election of directors at the Company’s hybrid annual general meeting of shareholders that was held on April 30, 2024. Voting Results Name of Nominee Votes For (%) For Votes Withheld (%) Withheld James M. Estey 109,335,073 99.49% 559,309 0.51% Douglas P. Bloom 109,558,929 99.69% 335,453 0.31% Judy E. [Read more]
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