BOE Report

North American LNG sector is getting crowded

SUGAR LAND, Texas - Researched by Industrial Info Resources-- Industrial Info Resources (IIR) finds that a wave of new export facilities for liquefied natural gas (LNG) in North America helps solve some of the recent energy security issues, but if the criticism is valid, it does little to address economic concerns at home. The provincial government of British Columbia opted to let the US$7.2 billion floating Ksi Lisims LNG facility enter the environmental review process. As planned, the [Read more]

Imperial Vice President, Downstream and Chemicals to assume new role at Exxon Mobil Corporation

CALGARY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) announced today that J.R. (Jon) Wetmore, currently Vice President, Downstream and Chemicals for Imperial will become the Americas Fuels Value Chain Planning & Business Development Manager for Exxon Mobil Corporation, effective May 1, 2023. “On behalf of Imperial, I would like to thank Jon Wetmore for his leadership as Vice President, Downstream over the last five years,” said Brad Corson, Chairman, President and Chief Executive [Read more]

Cedar LNG Receives B.C. Environmental Approval and Signs Memorandum of Understanding with ARC Resources Ltd.

Haisla Nation and Pembina Pipeline achieve historic milestones for Canada's first Indigenous majority-owned LNG facility KITIMAT, British Columbia--(BUSINESS WIRE)--The Haisla Nation and Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA), partners in the development of the proposed Cedar LNG Project ("Cedar LNG" or the "Project"), are pleased to announce that Cedar LNG today has received its Environmental Assessment Certificate ("EAC") from the B.C. Environmental Assessment [Read more]

ConocoPhillips welcomes record of decision on the Willow Project

HOUSTON - ConocoPhillips (NYSE: COP) welcomes the Department of the Interior’s Record of Decision (ROD) on the Willow project, adopting the three core pads detailed in the Bureau of Land Management (BLM) preferred Alternative E. ConocoPhillips Alaska completed extensive preparations with key contractors and expects to immediately initiate gravel road construction activities. The company continues to review the ROD and will advance internal approval processes towards a Final Investment [Read more]

Pembina Pipeline Corporation files 2022 year-end disclosure documents

CALGARY, Alberta - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) has filed its audited consolidated financial statements for the year ended December 31, 2022, related management's discussion, and analysis and its annual information form for the year ended December 31, 2022 with Canadian securities regulatory authorities. Pembina has also filed its Form 40-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission. Copies of the [Read more]

Pembina Pipeline Corporation Reports Results for the Fourth Quarter and Full Year 2022, Provides Business Update, and Declares Quarterly Common Share Dividend

    CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the fourth quarter and full year 2022. Highlights Record Results - reported record 2022 full year earnings of $2,971 million and record full year adjusted EBITDA of $3,746 million, exceeding the high end of the Company's revised guidance range. Reported fourth quarter earnings of $243 million and [Read more]

ConocoPhillips reports fourth-quarter, full-year 2022 results and 176% preliminary reserve replacement ratio; announces 2023 guidance and planned return of capital of $11 billion; declares quarterly dividend and variable return of cash distribution

HOUSTON - ConocoPhillips (NYSE: COP) today reported fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share, compared with fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share. Excluding special items, fourth-quarter 2022 adjusted earnings were $3.4 billion, or $2.71 per share, compared with fourth-quarter 2021 adjusted earnings of $3.0 billion, or $2.27 per share. Special items for the current quarter were primarily driven by impairment of certain aged, suspended wells and [Read more]

Imperial declares first quarter 2023 dividend

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 44 cents per share on the outstanding common shares of the company, payable on April 1, 2023, to shareholders of record at the close of business on March 3, 2023. This first quarter 2023 dividend compares with the fourth quarter 2022 dividend of 44 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the [Read more]

Imperial announces fourth quarter 2022 financial and operating results

CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO) (NYSE American: IMO): Fourth quarter Twelve months millions of Canadian dollars, unless noted 2022 2021 ∆ 2022 2021 ∆ Net income (loss) (U.S. GAAP) 1,727 813 +914 7,340 2,479 +4,861 Net income (loss) per common share, assuming dilution (dollars) 2.86 1.18 +1.68 11.44 3.48 +7.96 Capital and exploration [Read more]