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Financial Results

Oil Sands


Imperial Announces Fourth Quarter 2022 Financial and Operating Results
CA >>  1/31/2023 - • Quarterly net income of $1,727 million and cash flow from operating activities of $2,797 million
• Upstream production of 441,000 gross oil-equivalent barrels per day during fourth quarter, dr...


Obsidian Energy Announces 2023 Guidance
CA >>  1/30/2023 - • 2023 capital expenditures includes development and exploration/appraisal programs with optionality for second half expansion
• 46 well development program across all core areas in 2023 expected...


USD Partners Announces Quarterly Distribution
US >>  1/26/2023 - USD Partners LP announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.1235 per unit for the fourth quarter of 2022 ($0.494 per unit on an annualized...

X-energy & Invest Alberta Collaborate to Develop Economic Opportunities in SMR Projects
CA >>  1/30/2023 - X-Energy Canada, Inc. (“X-energy Canada”), a subsidiary of X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of advanced small modular nuclear reactors and fuel technolo...

TotalEnergies EP Canada Acquires an Additional Interest in Fort Hills
CA >>  1/27/2023 - In the context of its future spin-off, TotalEnergies EP Canada Ltd announces that it has exercised its preemption right to acquire an additional 6.65% interest in the Fort Hills Energy Limited Partner...

Oil Sands Take Giant Leap Forward in Reducing CO2 Emissions
CA >>  1/12/2023 - A Calgary company’s leading-edge technology – originally used by NASA to search for life on Mars – is coming down to earth to help reduce greenhouse gas emissions in the oil sands.

Impossibl...


Petroteq Confirms Issuance of Failure to File Cease Trade Order
US >>  1/5/2023 - Petroteq Energy Inc., an oil company focused on the development and implementation of its proprietary oil sands extraction and remediation technologies, announces further to its press release dated De...

Detailed Evaluation to Begin on Pathways Alliance Proposed Carbon Storage Hub
CA >>  1/4/2023 - The Pathways Alliance, representing Canada’s largest oil sands producers, has entered into a Carbon Sequestration Evaluation Agreement with the Government of Alberta.

The agreement enables ...


Obsidian Energy Announces 2022 Operations Update
CA >>  12/16/2022 - • 2022 second half development program continues to perform with strong results in Willesden Green and Peace River
• Recently drilled Seal Clearwater oil well on production
• 2023 guidance ...


Acceleware Ltd. Announces Additional Funding for Marwayne RF XL Pilot
CA >>  12/20/2022 - Acceleware® Ltd., a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, announces that Alberta Innovates has provided a further $900,000 in non-dilutive...

Imperial Provides 2023 Corporate Guidance Outlook
CA >>  12/19/2022 - Imperial provided an update on its corporate guidance outlook for 2023. The company’s corporate strategy remains focused on maximizing performance of existing assets and select growth initiatives, whi...

Greenfire Resources & M3-Brigade Acquisition Announce $950M Business Combination
CA >>  12/15/2022 -  Greenfire Resources Inc. ("Greenfire") and M3-Brigade Acquisition III Corp. (NYSE: MBSC), a New York Stock Exchange listed special purpose acquisition company ("MBSC"), announced today that they have...

Athabasca Oil Announces 2023 Budget and Return of Capital Strategy
CA >>  12/7/2022 - Athabasca Oil Corporation is pleased to announce its 2023 budget and return of capital strategy, focused on Free Cash Flow generation and shareholder returns.

2023 Budget and Guidance Highl...


Cenovus Announces 2023 Budget
CA >>  12/6/2022 - Cenovus Energy Inc. announced its 2023 budget, delivering disciplined capital allocation and focused investment plans to progress opportunities across its integrated portfolio, holding oil sands and c...

TomCo Announces Placing to Raise £0.925 million, Update re Greenfield
US >>  11/30/2022 - TomCo Energy plc, the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce a placing to raise gross proceeds...

CNRL Announces 2023 Budget & New GHG Emissions Reduction Target
CA >>  11/30/2022 - Canadian Natural’s President, Tim McKay, commented on the Company's 2023 Budget “Our dedicated teams are focused on safe, reliable, effective and efficient operations throughout our high quality and d...

MEG Energy Announces 2023 Capital Investment Plan and Operational Guidance
CA >>  11/28/2022 - MEG Energy Corp. announced its 2023 capital investment plan and operational guidance. Highlights include:

- Annual production guidance of 100,000 to 105,000 bbls/d including a planned Q2 t...


Pathways Alliance Focuses on Suite of Technologies to Advance Net Zero Plan
CA >>  11/10/2022 - The Pathways Alliance, representing Canada’s largest oil sands producers, has released additional details on plans to progress innovative technologies to reduce emissions, as part of its unprecedented...

Valaris Announces Appointment of Catherine J. Hughes to its Board of Directors
BM >>  11/9/2022 - Valaris Limited (VAL) (“Valaris”) announced that Catherine J. Hughes has been appointed to the Valaris Board of Directors. Ms. Hughes will also serve on the Board’s Environmental, Social and Governa...

Enbridge Reports Strong Third Quarter 2022 Financial Results and Secures B.C. Pipeline Expansion
CA >>  11/4/2022 - Enbridge Inc. reported third quarter 2022 financial results, announced $3.8 billion of newly secured growth projects, including an expansion of the T-South segment of the B.C. Pipeline, and reaffirmed...

Canadian Natural Resources Announces 2022 Third Quarter Results
CA >>  11/3/2022 - Canadian Natural's President, Tim McKay, commented on the Company's third quarter 2022 results, "We remain focused on safe, reliable, effective and efficient operations and our 2022 capital program re...

Cenovus Announces 2022 3rd Quarter Financial & Operating Results
CA >>  11/2/2022 - Cenovus Energy Inc. generated more than $4.0 billion in cash from operating activities, approximately $3.0 billion in adjusted funds flow and nearly $2.1 billion in free funds flow in the third quarte...

Suncor Energy Reports 3rd Quarter 2022 Results
CA >>  11/2/2022 - “As we drive the focus of the company on operational execution, we delivered $4.5 billion in adjusted funds from operations in the third quarter, the second highest in the company’s history, driven by...

Athabasca Oil Announces 2022 Third Quarter Results
CA >>  11/2/2022 - Athabasca Oil Corporation is pleased to report its 2022 third quarter results with record Adjusted Funds Flow, strong Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a lo...

Gulf Oil and Gas
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