Alberta Appeal Court says federal environmental impact law not OK
By Colette Derworiz CALGARY - The Alberta Court of Appeal says the federal government's environmental impact law is unconstitutional. The Alberta government, calling it a Trojan Horse, had challenged the Impact Assessment Act over what the province argued was its...
Saturn saw $109.20 per bbl for its crude in Q1
CALGARY – Saturn Oil & Gas Inc. has continued its winning streak with its acquisition of oil producing assets in southeast Saskatchewan from Crescent Point. The numbers have meant large improvements year-over-year. And the large numbers aren’t only in production....
Suncor Energy reports earnings of $2.95B as oil prices surge
CALGARY - Suncor Energy Inc. says it earned $2.95 billion in the first quarter, up from $821 million in the same period of 2021, as the war in Ukraine and energy supply fears drove oil prices higher. The Calgary-based oil producer and refiner reported after markets...
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.
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