Cenovus plans on using Lloydminster Upgrader to process oilsands product, sell Lloydminster Blend on the market
When Cenovus put out its earnings statement on April 27, there wasn’t a lot of mention of northwest Saskatchewan. Last year, Cenovus acquired Husky Energy, Saskatchewan’s largest oil producer, whose principal operations were in the Lloydminster region. But what was...
Parkland Corp. to build renewable diesel plant at Burnaby refinery
CALGARY — Parkland Corp. says it plans to spend $600 million to increase renewable fuel production at its Burnaby refinery in British Columbia. The Calgary-based fuel retailer says it will ramp up the amount of renewable material it currently refines alongside traditional petroleum-based materials by 5,500 barrels per day.
Ensign Energy Services reports first-quarter revenue up more than 50%
CALGARY — Ensign Energy Services Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue grew more than 50 per cent. The Calgary-based company says it earned a profit attributable to common shareholders of $6.6...
Canadian Natural Resources first-quarter profit more than doubles
Canadian Natural Resources Ltd.’s profits more than doubled from a year ago in the first quarter, as surging oil prices pushed the Calgary-based energy company closer to reaching its debt reduction target. On Thursday, CNRL said it earned $3.1 billion or $2.63 per diluted share for the quarter ended March 31, up from $1.38 billion or $1.16 per diluted share in the same quarter last year.
Still ‘non-negotiable:’ Canada’s natural resources minister redraws line on Line 5
WASHINGTON — Natural Resources Minister Jonathan Wilkinson is doubling down on Canada's assertion that the continuing operation of the Line 5 pipeline is "non-negotiable." Wilkinson made the comments in the House of Commons today following media...
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