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Cenovus expects oil sands production to reach 600-610 Mbbls/d in 2024, with key assets including Christina Lake, Foster Creek, Lloydminster Thermals, and Sunrise. Operating costs have been reduced to $10.50 – $12.50 per barrel, reflecting a 12% decrease at the midpoint. Optimization projects, such as the Foster Creek expansion and the Narrows Lake tie-back, are expected to add significant production through 2024 and 2025. The company emphasizes cost leadership and efficiency, with further reductions in operational expenses. Additionally, Cenovus is integrating cogeneration capacity at Christina Lake and Foster Creek to reduce energy costs and improve efficiency. https://lnkd.in/gHnpctPc

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From LNG Action: BC's LNG sector could create new investments of more than $500 billion, 96,550 new jobs, $6 billion in wages, over $170 billion in tax revenues between 2020 and 2064, and benefits for First Nations: https://ow.ly/RHOq50Rg890

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IPSS: Economic Reconciliation in Action – Resource Works The fifth annual Indigenous Partnerships Success Showcase is much more than a conference; it is a contribution to national economic reconciliation, and to helping Indigenous Peoples become true partners in Canada’s economy and society. Speakers from all over Canada will gather in Vancouver June 5 and 6 to discuss and support reconciliation. They will look at case studies of practical ways to advance reconciliation, and at the partnerships and opportunities that are increasingly being shared between Indigenous people and industry. Learn More: https://hubs.la/Q02xzw3r0 #ipss #economicreconciliation #indigenous #firstnations #energy #reconciliation #economy #energyindustry #indigenouscommunities

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Richard Kruger, CEO of Suncor Energy, addressed the House of Commons Standing Committee. Kruger emphasized the immense potential of Canada's energy resources and the critical need to capitalize on this opportunity. In his address, Kruger outlined how Canada can leverage its rich energy assets to drive economic growth, enhance energy security, and support a sustainable future. He urged policymakers and industry leaders to collaborate and create a robust framework that encourages investment and innovation in the energy sector. Key takeaways from Kruger’s address: 🔹 The strategic importance of Canada's energy resources 🔹 The role of innovation and technology in sustainable energy development 🔹 The necessity for a balanced and inclusive energy policy As professionals in the energy sector, it's crucial for us to stay informed and engaged with these discussions. Our collective efforts can ensure that Canada remains at the forefront of the global energy landscape, benefiting both our economy and the environment. #Energy #Sustainability #Innovation #CanadaEnergy #EconomicGrowth #EnergyPolicy #SuncorEnergy

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Voice for Energy is how we speak up, together, and tell decision makers that Canadian natural gas belongs in our future. Our voices are stronger together. Add yours at voiceforenergy.ca #VoiceforEnergy

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COMMENTARY: Federal Government’s GHG Reduction Plan Will Impose Massive Costs on Canadians - ReadMore: https://hubs.la/Q02J9m7V0 Trudeau's carbon tax is only part of the federal GHG plan. In a new study published by the Fraser Institute, a discussion of the Trudeau government’s proposed Emission Reduction Plan (ERP), including its economic impacts and the likely GHG reduction effects is presented. The bottom line is that the package as a whole is so harmful to the economy it’s unlikely to be implemented, and it still wouldn’t reach the GHG goal even if it were. #justintrudeau #canada #oilgas #alberta #energy #ghg #canpoli #cdnpoli

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Backbiting spite, mean spiritedness, whinging & whining — The New Alberta Advantage in the Tarsands Tarnation, Yeehaw, Yippee & Yahoo, Eh?⚠️😳⛔️🤠⚠️ CBC News - Jim Brown & Joel Dryden: 'Black cloud': Alberta's latest fight with the Canadian federal government could drive oil & gas investment away. As the province of Alberta and the Canadian federal government take part in yet another constitutional squabble over jurisdiction, some oil & gas sector watchers are worried about the effect on the industry caught in the middle. On Tuesday, Alberta Premier Danielle Smith signalled her government's intent to table a motion invoking the Alberta Sovereignty within a United Canada Act to push back against federal draft regulations that would require oil and gas producers in Canada to limit greenhouse gas emissions by 35 per cent below 2019 levels. The Alberta Sovereignty Act is intended to allow the province to declare federal laws unconstitutional or harmful, and to issue orders to provincial entities not to comply with federal rules.

Jobs, jobs and more jobs. Canada’s oil and natural gas sector is a significant job creator, and according to a recent report, the future for new jobs looks bright! From the Canadian Association of Petroleum Producers.

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$1.83 Million Fine Sends Clear Message In a decisive move, Husky Oil Operations Ltd accepts a hefty $1.83 million fine for its 2018 Atlantic oil spill. This sets a new precedent in environmental accountability. ↗ Largest spill in Newfoundland's history ↗ Penalties aim to restore marine life and bird populations ↗ A call for enhanced safety measures in the oil industry Cenovus Energy's silence raises eyebrows. What's their next move? This case isn't just about a fine. It's a wake-up call for the industry. A nudge towards greater corporate responsibility and safer environmental practices. What are your thoughts? Will this drive real change? Read more for deeper insights 👉 https://lnkd.in/gTB7cPc7 #EnvironmentalAccountability #CorporateResponsibility #SustainablePractices

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HAPPENING TODAY IN CALGARY'S NEW BMO CENTRE - SEE THE SHOW, SEE THE NEW BMO - THE GLOBAL ENERGY CANADA SHOW STARTS JUNE 11 IN CALGARY! - Information & Register Here: https://hubs.la/Q02Blp-10 Energy Powering Opportunity - June 11-13, 2024: BMO Centre at Stampede Park - Calgary, Canada - Read More: https://hubs.la/Q02BlsL20 The Global Energy Show Canada is the largest B2B exhibition and conference engaging with industry buyers and sellers, stakeholders and partners, CEOs and young professionals together to share knowledge and fuel innovation in the ever-changing energy landscape. Hosted on June 11-13, 2024 the Global Energy Show Canada will be inclusive to all energy systems, including features on the exhibition floor and conference in oil sands, hydrogen, wind, solar, petrochemicals, gas and LNG, electrification and nuclear. As no single source of energy can meet the increased global energy demand, the Global Energy Show is where Canada demonstrates its vision and leadership by bringing the right people together to meet global challenges with real-world solutions. #producers #oilandgascompanies #energy #energynow #renewables #emissions #renewables #oilfieldservices #solar #wind #lng #naturalgas #hydrogen #petrochemicals #nuclear #electrification Global Energy Show Canada dmg events

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Decentralised Energy Canada (DEC) and the City of Medicine Hat launched the Energy Innovation Challenge, a three-year, $2.4-million initiative aimed at empowering small and medium-sized Canadian businesses to overcome commercialization obstacles and bring their innovations to market. The Challenge was launched to support small businesses with promising decentralized energy solutions. The Challenge is the first of its kind in Alberta and has two main objectives: to pilot innovations that address electricity grid congestion issues, and leverage government investment and private capital to strengthen the economy. #EnergyInnovation #DecentralizedEnergy #CleanTech #SmallBusiness #SustainableEnergy #Commercialization #AlbertaInnovation #GridSolutions #EmissionsReduction #StartupSupport #EconomicGrowth #PrairiesCan #EmissionsReductionPlan #GreenTech #InnovationChallenge #MedicineHat

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𝗖𝗖𝗨𝗦 𝗪𝗲𝗯𝗶𝗻𝗮𝗿 𝗦𝗲𝗿𝗶𝗲𝘀 » 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗻𝗼𝘄: https://lnkd.in/dw2JMhTg Join us on 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆, 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟴 𝗮𝘁 𝟭𝟭 𝗔𝗠 𝗠𝗧 for Part 2 in our webinar series: 𝗧𝗵𝗲 𝗖𝗖𝗨𝗦 𝗪𝗼𝗿𝗸𝗳𝗼𝗿𝗰𝗲 𝗡𝗲𝗲𝗱𝗲𝗱 𝘁𝗼 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗮 𝗪𝗼𝗿𝗹𝗱-𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗦𝗲𝗰𝘁𝗼𝗿 𝗶𝗻 𝗔𝗹𝗯𝗲𝗿𝘁𝗮. Alberta’s evolving energy industry is facing a looming labour shortage in clean energy subsectors, like CCUS. As Alberta’s CCUS sector grows and matures, the workforce needed to support industry activity will shift and take shape. Careers in Energy and geoLOGIC systems will provide context around the CCUS workforce - we'll discuss the skills and roles in demand and more - in this new webinar. This webinar is the second in a five-part series exploring Alberta’s world-class growing CCUS sector, including the jobs, technology, opportunities, challenges, and the impact it can have on global GHG emissions reduction. 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗻𝗼𝘄: https://lnkd.in/dw2JMhTg #CCUS #EnergyTransition #Alberta #SustainableFuture #Innovation #Webinar #CarbonCapture

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The Electricity Advisory Council’s final report offers analysis to advance decarbonizing 🇨🇦’s #electricity sector. It recommends: ✅ Provincial plans ✅ Interties ✅ Energy efficiency It’s important to connect the provinces and move forward together. 🤲

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This is a must read, good detail showing how important all producers are to the economy.

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Enserva was proud to attend Saskatchewan’s Throne Speech, which set a tone of ambition and opportunity for the years ahead. The priorities outlined reaffirm the province’s commitment to building a strong and competitive energy industry. Energy Leadership: Saskatchewan is poised to bolster its energy sector by prioritizing reliable and affordable energy production. The government’s vision reflects a strong commitment to position the province as a leader in oil, gas, and emerging energy industries. Workforce Development: Programs aimed at retaining graduates and addressing labor shortages will ensure the energy sector has access to the skilled workforce it needs to drive innovation and growth. Class 1 Driver Training: The government’s plan to introducing a $5,000 Class 1 Driver Training rebate marks an important step toward addressing critical labor shortages in the transportation sector. This initiative will make training more accessible, support supply chains, and keep Saskatchewan’s energy products moving. Economic Stability: By maintaining competitive corporate tax rates and supporting investment, the government is creating an attractive environment for businesses to grow and contribute to the province’s economic success. Enserva values our strong partnership with the Government of Saskatchewan. Together, we can ensure the energy services sector remains a vital part of the province’s economy, supporting jobs and innovation. Scott Moe #Saskatchewan #energysector #energyleadership #canadianenergy

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Canada’s Oil is Vital to US Refineries, Amid Future Thwarting Tariffs As many American refineries depend on Canadian crude, Canada’s energy industry mostly believes that the U.S. President-elect Donald Trump’s protectionist trade measures are improbable to include tariffs on Canadian oil imports #canada #oilrefinery #ustrading #oiltariffs #oilindustry #OilandGas #CrudeOil #traderlifestyle #marketingstrategy #GasProduction #tradingstrategy #USNews #WorldNews https://lnkd.in/dhJAn4dy.com%2Fcanadas-oil-is-vital-to-us-refineries-amid-future-thwarting-tariffs%2F&utm_campaign=aga&utm_source=agsadl2%2Csh%2Fx%2Fgs%2Fm2%2F4

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ATB Capital Markets' Small and Mid-Cap Exploration & Production research analyst, Amir Arif, has initiated coverage on Headwater Exploration Inc. (TSX: HWX). Headwater is a Canadian publicly traded resource company focused on the prolific Clearwater play in the Marten Hills, Greater Peavine and Greater Nipisi areas of Alberta. While the EV/DACF valuation is above its peers, the well economics, scalability of its business, upside in terms of ultimate oil recovery, eventual lower corporate decline rate from waterfloods, and testing of additional prospects are key reasons why we like the stock. For a full report or further information, reach out to your ATB representative. #equityresearch

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