BOE Report

Minister Wilkinson advances energy security and the global transition to net zero at the International Energy Agency Ministerial

PARIS - The Honourable Jonathan Wilkinson, Minister of Natural Resources, joined his international counterparts at the International Energy Agency (IEA) Ministerial in Paris, France, this week to help ensure international collaboration on global energy security and the transition to a net-zero emissions economy. Since President Putin's illegal invasion of Ukraine, the Government of Canada has taken strong action, banning imports of Russian oil, gas and petroleum products and imposing [Read more]

Canadians support stronger role for its energy, natural resources

CALGARY, AB - A new poll suggests Canadians are ready to see this country's energy and natural resources play a stronger leadership role in edging out less regulated, less principled supplier nations in the global supply pool. The new poll conducted by Research Co. for Canada Action on March 14 and 15 questioned 1,000 adults across Canada and found strong support for Canada's energy, mining and metals, agriculture, and potash sectors in light of this country's strong environment, health and [Read more]

Enerplus appoints Mark A. Houser to its Board of Directors

CALGARY, AB - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today announced the appointment of Mr. Mark A. Houser to its board of directors. Mr. Houser has spent his career in the energy industry, most recently as the founder and principal of Symphero Energy Solutions, LLC, an advisory services company in the oil and gas and renewable energy development markets. Prior to starting Symphero Energy Solutions, Mr. Houser served as Chief Executive Officer of University Lands from 2015 [Read more]

Canada launches impact Canada oil spill response challenge

OTTAWA, ON - From coast to coast and all across Canada, healthy oceans and waterways provide prosperous local economies and resilient communities. Now more than ever, as the country transitions to a net-zero economy, the Government of Canada is focused on protecting diverse ecosystems, Canada's natural heritage and the jobs that rely on them. That's why we are pursuing next-generation oil spill detection and recovery technologies to protect and preserve our coastlines and the natural environment [Read more]

Keyera and Shell sign agreement to advance clean energy

CALGARY, AB - Building on Keyera's efforts to advance sustainable energy solutions for its own business and that of customers, Keyera Corp. ("Keyera") and Shell Canada Limited ("Shell") have signed a memorandum of understanding (MoU) to collaborate on potential low-carbon projects in Alberta's Industrial Heartland. This collaboration would leverage existing assets, adjacent lands, and strong leadership to support industry's journey to a lower-carbon future and attract new investment [Read more]

Crescent Point Announces 2021 results & reserves and increases share repurchases

CALGARY, AB - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE: CPG) is pleased to announce its operating and financial results for the year ended December 31, 2021 and increased share repurchases. KEY HIGHLIGHTS  Generated over $785 million of excess cash flow in 2021 with capital expenditures and production in-line with annual guidance. Increased PDP reserves by 17 percent with a strong FD&A recycle ratio of 2.7 times, including change in [Read more]

Pembina Pipeline Corporation files 2021 year-end disclosure documents

CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL) (NYSE: PBA) has filed its audited consolidated financial statements for the year ended December 31, 2021, related management's discussion and analysis and its annual information form for the year ended December 31, 2021, with Canadian securities regulatory authorities. Pembina has also filed its Form 40-F for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission. Investors and other [Read more]

Pembina Pipeline Corporation reports results for the fourth quarter and full year 2021

CALGARY, AB - 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 2021. Financial and Operational Overview 3 Months Ended December 31 12 Months Ended December 31 ($ millions, except where noted) 2021 2020 2021 2020 Revenue 2,560 1,680 8,627 5,953 Net revenue(1) 1,084 954 3,938 3,444 Gross profit 785 247 2,647 2,008 Earnings [Read more]

Ovintiv reports fourth quarter and year-end 2021 financial and operating results

Highlights: Generated full year net earnings of $1.4 billion, cash from operating activities of $3.1 billion, Non-GAAP Cash Flow of $3.2 billion and Non-GAAP Free Cash Flow of $1.7 billion Reduced Net Debt by approximately $2.3 billion; expect to reach $3 billion Net Debt target in the second half of 2022 assuming $85 per barrel for WTI oil and $4.50 per thousand cubic feet ("Mcf") for NYMEX natural gas Announced a 43% increase to quarterly dividend payments; now $0.80 per share [Read more]

Enerplus Announces its quarterly cash dividend for March 2022 and changes declaration currency to U.S. Dollars

CALGARY, AB - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today declared a quarterly cash dividend of US$0.033 per share. The dividend is effective with the March 15, 2022 dividend payment and applies to all shareholders of record at the close of business on March 4, 2022. The ex-dividend date for this payment is March 3, 2022. The US$0.033 per share dividend is equivalent to approximately CDN$0.042 per share if converted using the current US/Canadian dollar exchange rate of [Read more]