Varcoe: Cenovus CEO defends curtailment, says falling oil-rail shipments a...
The head of Cenovus Energy believes it’s far too early to say Alberta’s crude curtailment plan is misfiring and he believes oil-by-rail-shipments out of the province will rebound soon enough. If...
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Varcoe: Oil could stay shut in after curtailment ends, Husky warns
Canadian oil refiners continued a frontal assault on Alberta’s program to restrict oil production, with Husky Energy brass warning thousands of barrels of its own curtailed output likely won’t come...
View ArticleVarcoe: Imperial ramps up curtailment spat, slows down Aspen project
Imperial Oil CEO Rich Kruger warned weeks ago that if the province restricted oil production in Alberta, the company would re-evaluate the future of its new $2.6-billion oilsands project. It wasn’t an...
View ArticleVarcoe: The double-edged sword of curtailment swings through Alberta's oilpatch
As Canadian crude prices sank like a rock last fall, oilsands producer Cenovus Energy didn't pay a penny of royalties to the Alberta government. Read More
View ArticleVarcoe: Oilpatch in open rebellion as Ottawa ignores industry's input on Bill...
On the same day Canada's oil sector predicted sluggish production growth in the coming years, company CEOs issued a dire warning: Ottawa's Bill C-69 threatens to choke off future industry expansion....
View ArticleVarcoe: Energy minister disappointed oilpatch reluctant to up spending
Alberta's energy minister is "disappointed" petroleum producers haven't boosted spending in the wake of the province lowering corporate taxes, but Sonya Savage is preaching patience — saying it will...
View ArticleImperial Oil appoints new president as CEO Kruger transitions toward retirement
Imperial Oil Ltd. has named Brad Corson its new president as the current chief executive heads toward retirement at the end of the year. Read More
View ArticleVarcoe: Curtailment pinches spending plans as $2.6B oilsands project on hold
One year ago, Imperial Oil injected some much-needed optimism into Canada's energy sector, giving the go-ahead to a promising new greenfield oilsands project called Aspen. Read More
View ArticleVarcoe: Imperial Oil CEO says it would be 'sad loss for Canada' if industry...
With the world's third-largest crude reserves, Canada has the capacity to significantly raise oil and natural gas production in the coming decades. Read More
View ArticleVarcoe: Canadian oilpatch faces 'double price pressure'
Two powerful forces are swirling around Alberta energy markets and both could have a significant bearing on the sector this year. Read More
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