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2015 Annual Report Mission
2015 annual report Mission Our mission is to facilitate innovation, collaborative research and technology development, demonstration and deployment for a responsible Canadian hydrocarbon energy industry. 2 Vision Our vision is to help Canada become a global hydrocarbon energy technology leader. PTAC Technology Areas Manage Environmental Impacts • Air Quality • Alternative Energy Improve Oil and Gas Recovery • Ecological • CO2 Enhanced Hydrocarbon Recovery • Emission Reduction / Eco-Efficiency • Coalbed Methane, Shale Gas, Tight Gas, Gas Hydrates, • Energy Efficiency and other Unconventional Gas • Resource Access • Conventional Heavy Oil, Cold Heavy Oil Production with • Soil and Groundwater Sands • Water • Conventional Oil and Gas Recovery • Wellsite Abandonment • Development of Arctic Resources • Development of Remote Resources Additional PTAC Technical Areas • Enhanced Heavy Oil Recovery • e-Business • Enhanced Oil and Gas Recovery • Genomics • Enhanced Oil Sands Recovery • Geomatics • Emerging Technologies to Recover Oil Sands from Deposits • Geosciences with Existing Zero Recovery • Health and Safety • Tight Oil, Shale Oil, and other Unconventional Oil • Instrumentation/Measurement • Nano Technology Reduce Capital, Operating, and G&A Costs • Operations • Automation • Photonics • Capital Cost Optimization • Production Engineering • Cost Reduction Using Emerging Drilling and Completion • Remote Sensing Technologies • Reservoir Engineering • Cost Reduction Using Surface Facilities • Security • Eco-Efficiency and Energy Efficiencyechnologies -
Q3 2020 Husky-MDA
MANAGEMENT’S DISCUSSION AND ANALYSIS October 29, 2020 Table of Contents 1.0 Summary of Quarterly Results 2.0 Business Overview 3.0 Business Environment 4.0 Results of Operations 5.0 Risk Management and Financial Risks 6.0 Liquidity and Capital Resources 7.0 Critical Accounting Estimates and Key Judgments 8.0 Recent Accounting Standards and Changes in Accounting Policies 9.0 Outstanding Share Data 10.0 Reader Advisories 1.0 Summary of Quarterly Results Three months ended Quarterly Summary Sep. 30 Jun. 30 Mar. 31 Dec. 31 Sept. 30 Jun. 30 Mar. 31 Dec. 31 ($ millions, except where indicated) 2020 2020 2020 2019 2019 2019 2019 2018(1) Production (mboe/day) 258.4 246.5 298.9 311.3 294.8 268.4 285.2 304.3 Throughput (mbbls/day) 300.1 281.3 307.8 203.4 356.4 340.3 333.6 286.9 Gross revenues and Marketing and other(1) 3,379 2,408 4,113 4,921 5,373 5,321 4,610 5,042 Net earnings (loss) (7,081) (304) (1,705) (2,341) 273 370 328 216 Per share – Basic (7.05) (0.31) (1.71) (2.34) 0.26 0.36 0.32 0.21 Per share – Diluted (7.06) (0.31) (1.71) (2.34) 0.25 0.36 0.31 0.16 Cash flow – operating activities 79 (10) 355 866 800 760 545 1,313 Funds from operations(2) 148 18 25 469 1,021 802 959 583 Per share – Basic 0.15 0.02 0.02 0.47 1.02 0.80 0.95 0.58 Per share – Diluted 0.15 0.02 0.02 0.47 1.02 0.80 0.95 0.58 (1) Gross revenues and Marketing and other results reported for 2019 have been recast to reflect a change in reclassification of intersegment sales eliminations and a change in presentation of the Integrated Corridor and Offshore business units. -
Suncor Q3 2020 Investor Relations Supplemental Information Package
SUNCOR ENERGY Investor Information SUPPLEMENTAL Published October 28, 2020 SUNCOR ENERGY Table of Contents 1. Energy Sources 2. Processing, Infrastructure & Logistics 3. Consumer Channels 4. Sustainability 5. Technology Development 6. Integrated Model Calculation 7. Glossary SUNCOR ENERGY 2 SUNCOR ENERGY EnergyAppendix Sources 3 202003- 038 Oil Sands Energy Sources *All values net to Suncor In Situ Mining Firebag Base Plant 215,000 bpd capacity 350,000 bpd capacity Suncor WI 100% Suncor WI 100% 2,603 mmbbls 2P reserves1 1,350 mmbbls 2P reserves1 Note: Millennium and North Steepank Mines do not supply full 350,000 bpd of capacity as significant in-situ volumes are sent through Base Plant MacKay River Syncrude 38,000 bpd capacity Syncrude operated Suncor WI 100% 205,600 bpd net coking capacity 501 mmbbls 2P reserves1 Suncor WI 58.74% 1,217 mmbbls 2P reserves1 Future opportunities Fort Hills ES-SAGD Firebag Expansion Suncor operated Lewis (SU WI 100%) 105,000 bpd net capacity Meadow Creek (SU WI 75%) Suncor WI 54.11% 1,365 mmbbls 2P reserves1 First oil achieved in January 2018 SUNCOR ENERGY 1 See Slide Notes and Advisories. 4 1 Regional synergy opportunities for existing assets Crude logistics Upgrader feedstock optionality from multiple oil sands assets Crude feedstock optionality for Edmonton refinery Supply chain Sparing, warehousing & supply chain management Consolidation of regional contracts (lodging, busing, flights, etc.) Operational optimizations Unplanned outage impact mitigations In Situ Turnaround planning optimization Process -
Atlantic Refining Co
PENNSYLVANIA HISTORIC RESOURCES SERIES: ATLANTIC REFINING CO. 2006 BELLEFONTE INDUSTRIES Atlantic Refining Company Published by Bellefonte Borough 236 W. Lamb St., Bellefonte, PA 16823 814.355-1501 What is the Historical Resources Series? Under a local history grant from the Pennsylvania Historical and Museum Commission, Bellefonte conducted research and documentation of the industrial heritage of the Spring Creek waterfront. As part of this project, Pennsylvania Historic Resource Survey forms were completed to document each surviving industrial resources and evaluate its significance. The Eagle Silk Mill was determined eligible for inclusion in the National Register as a contributing element of the Bellefonte Historic District. --by Erin Hammerstedt OVERVIEW (ABOVE) OF THE ATLANTIC REFINING COMPANY PROPERTY, ILLUSTRATING THE HISTORIC BRICK OFFICE BUILDING AND MODERN ADDITIONS THAT HAVE OCCURRED TO ACCOMMODATE SUBSEQUENT USES. ALTHOUGH THE FEATURES SUCH AS OIL TANKS AND SIGNAGE IDENTIFYING THE ATLANTIC REFINING COMPANY HAVE BEEN REMOVED, THIS PROPERTY HAS THE POTENTIAL TO BE REDEVELOPED TO CONTRIBUTE TO BELLEFONTE’S WATERFRONT DISTRICT. had been established four years earlier. In The Atlantic Refining Company developed this 1874, John D. Rockefeller purchased the property beginning in 1898. From 1898 to company, making it part of the Standard Oil 1956, the property served the oil company. Trust. When the Sherman Antitrust Act From 1962 to 1988, the property (plus two dissolved Standard Oil in 1911, the Atlantic additional tracts of land) served as a building Refining Company was spun off as an supply store, and from 1988 to 2002 it housed independent company. The Atlantic Refining a screen-printing business. Company operated independently until 1963, when it purchased the Hondo Oil and Gas The Atlantic Refining Company was Company. -
Pride Drillships Awarded Contracts by BP, Petrobras
D EPARTMENTS DRILLING & COMPLETION N EWS BP makes 15th discovery in ultra-deepwater Angola block Rowan jackup moving SONANGOL AND BP have announced west of Luanda, and reached 5,678 m TVD to Middle East to drill the Portia oil discovery in ultra-deepwater below sea level. This is the fourth discovery offshore Saudi Arabia Block 31, offshore Angola. Portia is the 15th in Block 31 where the exploration well has discovery that BP has drilled in Block 31. been drilled through salt to access the oil- ROWAN COMPANIES ’ Bob The well is approximately 7 km north of the bearing sandstone reservoir beneath. W ell Keller jackup has been awarded a Titania discovery . Portia was drilled in a test results confirmed the capacity of the three-year drilling contract, which water depth of 2,012 m, some 386 km north- reservoir to flow in excess of 5,000 bbl/day . includes an option for a fourth year, for work offshore Saudi Arabia. The Bob Keller recently concluded work Pride drillships in the Gulf of Mexico and is en route to the Middle East. It is expected awarded contracts to commence drilling operations during Q2 2008. Rowan re-entered by BP, Petrobras the Middle East market two years ago after a 25-year absence. This PRIDE INTERNATIONAL HAS contract expands its presence in the announced two multi-year contracts for area to nine jackups. two ultra-deepwater drillships. First, a five-year contract with a BP subsidiary Rowan also has announced a multi- will allow Pride to expand its deepwater well contract with McMoRan Oil & drilling operations and geographic reach Gas Corp that includes re-entering in deepwater drilling basins to the US the Blackbeard Prospect. -
Husky Energy Ltd
CLEAN ENERGY FINAL REPORT PACKAGE Project proponents are required to submit a Final Report Package, consisting of a Final Public Report and a Final Financial Report. These reports are to be provided under separate cover at the conclusion of projects for review and approval by Alberta Innovates (AI) Clean Energy Division. Proponents will use the two templates that follow to report key results and outcomes achieved during the project and financial details. The information requested in the templates should be considered the minimum necessary to meet AI reporting requirements; proponents are highly encouraged to include other information that may provide additional value, including more detailed appendices. Proponents must work with the AI Project Advisor during preparation of the Final Report Package to ensure submissions are of the highest possible quality and thus reduce the time and effort necessary to address issues that may emerge through the review and approval process. Final Public Report The Final Public Report shall outline what the project achieved and provide conclusions and recommendations for further research inquiry or technology development, together with an overview of the performance of the project in terms of process, output, outcomes and impact measures. The report must delineate all project knowledge and/or technology developed and must be in sufficient detail to permit readers to use or adapt the results for research and analysis purposes and to understand how conclusions were arrived at. It is incumbent upon the proponent to ensure that the Final Public Report is free of any confidential information or intellectual property requiring protection. The Final Public Report will be released by Alberta Innovates after the confidentiality period has expired as described in the Investment Agreement. -
Environmental Effects Monitoring Design Report
Environmental Effects Monitoring Design Report Appendix A Approach to Baseline WR-HSE-RP-2008, Ver 1 Appendix A Page 1 of 3 Environmental Effects Monitoring Design Report Incorporation of New Drill Centres into the White Rose EEM Program Selection of Station Locations Sampling and statistical analyses of Environmental Effects Monitoring (EEM) data at White Rose occurs at micro- and macro-scales within the nearfield and farfield regions to address zones of influence (ZOI). The nearfield is that region described by the immediate influence of the drill centres. The farfield region is the area further out along transects outside the nearfield area. As such, the design includes a survey grid centered on the FPSO and a second series of stations centered on the location of drill centres. Husky Energy’s approach to sampling drill centre areas in the nearfield has been to sample six stations located 1 km from the proposed location of new drill centres. This approach accommodates a 1.5-km movement of drill centres should the proposed location change. The approach was employed during initial baseline collection in 2000 (Husky Energy 2001) and for sampling around the potential new drill centre at the NN and South White Rose Extension (SWR-X) drill centres in 2004 (Figure 1). With slight variation, this approach was used again in 2006 for the proposed West Alpha and West Bravo drill centres (Figure 1). Once the location of new drill centres is finalized, three or four of the nearest drill centre stations are retained1 depending on projected drilling intensity, and one new station is added 300 m from the drill centre in the following sampling year if drilling has occurred at that drill centre. -
Big Oil's Oily Grasp
Big Oil’s Oily Grasp The making of Canada as a Petro-State and how oil money is corrupting Canadian politics Daniel Cayley-Daoust and Richard Girard Polaris Institute December 2012 The Polaris Institute is a public interest research organization based in Canada. Since 1997 Polaris has been dedicated to developing tools and strategies to take action on major public policy issues, including the corporate power that lies behind public policy making, on issues of energy security, water rights, climate change, green economy and global trade. Polaris Institute 180 Metcalfe Street, Suite 500 Ottawa, ON K2P 1P5 Phone: 613-237-1717 Fax: 613-237-3359 Email: [email protected] www.polarisinstitute.org Cover image by Malkolm Boothroyd Table of Contents Introduction 1 1. Corporations and Industry Associations 3 2. Lobby Firms and Consultant Lobbyists 7 3. Transparency 9 4. Conclusion 11 Appendices Appendix A, Companies ranked by Revenue 13 Appendix B, Companies ranked by # of Communications 15 Appendix C, Industry Associations ranked by # of Communications 16 Appendix D, Consultant lobby firms and companies represented 17 Appendix E, List of individual petroleum industry consultant Lobbyists 18 Appendix F, Recurring topics from communications reports 21 References 22 ii Glossary of Acronyms AANDC Aboriginal Affairs and Northern Development Canada CAN Climate Action Network CAPP Canadian Association of Petroleum Producers CEAA Canadian Environmental Assessment Act CEPA Canadian Energy Pipelines Association CGA Canadian Gas Association DPOH -
Husky Energy and BP Announce Integrated Oil Sands Joint Development
December 5, 2007 For immediate release Husky Energy and BP Announce Integrated Oil Sands Joint Development CALGARY, Alberta – Husky Energy Inc is pleased to announce that an agreement has been reached with BP to create an integrated, North American oil sands business consisting of pre-eminent upstream and downstream assets. The development will be comprised of two joint 50/50 partnerships, a Canadian oil sands partnership to be operated by Husky and a U.S. refining LLC to be operated by BP. Husky and BP will each contribute assets of equal value to the business. Husky will contribute its Sunrise asset located in the Athabasca oil sands in northeast Alberta, Canada and BP will contribute its Toledo refinery located in Ohio, USA. The transaction, which is subject to the execution of final definitive agreements and regulatory approval, is expected to close in the first quarter of 2008 and with effective date January 1, 2008. "This transaction completes Husky’s Sunrise Oil Sands total integration with respect to upstream and downstream solutions," said Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc. “Husky is extremely pleased to be partnering with BP, a world class global E & P and Refining company. The joint venture will provide better monitoring of project execution, costs and completion timing for this mega project development.” “Toledo and Sunrise are excellent assets. BP’s move into oil sands with Husky is an opportunity to build a strategic, material position and the huge potential of Sunrise is the ideal entry point for BP into Canadian oil sands.” said Tony Hayward, BP’s group chief executive. -
Significant Energy Assets on the Market (SEAM) Database on IHS
Significant Energy Assets on the Market (SEAM) Database on IHS Connect IHS Energy has launched a new database tool that actively tracks all known energy assets on the market and independently values them in a transparent manner utilizing more than 40,000 comparable transactions from IHS’s M&A database dating back to 1988. Assets on the Market database features include: • Searchable and exportable database covering all global and regional • Source documents including offering memos, prospectuses, and locations and all resource segments, detailing valuations and full press releases. operational data including reserves, production and acreage. • Full opportunity set currently totals approximately $250 billion • Contact information for sellers and advisors. Canada $25 B+ Europe $30 B+ Sellers Key Assets for Sale (or JV) Sellers Key Assets for Sale (or JV) Apache Corp. 1 million acres in Provost region of east-central Alberta Antrim Energy Skellig Block in Porcupine Basin Athabasca Oil Corp. 350,000 net prospective acres in Duvernay BNK Petroleum Joint venture partner sought for Polish shale gas play Canadian Oil Sands Rejects Suncor offer; reviewing strategic alternatives BP 16% stake in Culzean gas field in UK North Sea Centrica plc Offering 6,346 boe/d (86% gas) ConocoPhillips 24% stake in UK’s Clair oil field. Considering sale of Norwegian Cequence Energy Montney-focused E&P undergoing strategic review North Sea fields ConocoPhillips Western Canada gas properties Endeavour Int’l. Bankrupt; to sell Alba and Rochelle fields in the UK North -
Standard Oil Company Standard Oil of Ohio Standard Oil of Nebraska National Transit Company Crescent Pieline Co
Prairie Oil and Gas Co. Standard Oil of Kansas Standard Oil of Indiana Solar Refining Standard Oil Company Standard Oil of Ohio Standard Oil of Nebraska National Transit Company Crescent Pieline Co. Standard Oil Company Standard Oil Company of Kentucky Phillips Petroleum Company Chevron Marathon Oil Corportation Standard Oil Company Chevron Texaco Union Tank Car Company Standard Oil Company Atlantic Petroleum Waters-Pierce Oil Co. Sinclair Cumberland Pipe Line Co. Standard Oil Company Continental Oil Co. Borne-Scrymser Company South Penn Oil Company Colonial Oil Standard Oil Company Standard Oil Company of California SOCONY-Vacuum Mobil Vacuum Oil Company Anglo-american Oil Co. New York Transit Company Indiana Pipe Line Company Standard Oil Company Northern Pipeline Compnay Buckeye Pipe Line Company Chesebrough Manugacturing Exxon Standard Oil Company South West Pennsylvania Pipe Line Co. Marathon Oil Company Texaco Marathon Oil Corportation Standard Oil Company Royal Dutch / Shell Standard Oil Company of California Galena-Signla Oil Company Marland Oil Swan & Finch Company Standard Oil Company Eureka Pipe Line Company Gulf Oil Standard Oil Co. of New Jersey ExxonMobil Standard Oil Company Standard Oil of New Jersey Standard Oil Co. of New York Southern Pipe Line Company The Ohio Oil Company South Penn Oil Standard Oil Company Consolidated Oil Corporation Atlantic Richfield Company Sinclair Oil Corporation Chesebrough-Ponds Standard Oil Company SOHIO Amoco Borne-Scrymser Company South West Pennsylvania Pipe Line Co. Standard Oil Company Unilever Pennzoil National Transit Company Swan & Finch Company Ashland Inc. Prairie Oil and Gas Co. Standard Oil of Kansas Standard Oil of Indiana Solar Refining Standard Oil Company Standard Oil of Ohio Standard Oil of Nebraska National Transit Company Crescent Pieline Co. -
Creating a Resilient Energy Leader
CREATING A RESILIENT ENERGY LEADER NOTICES OF SPECIAL MEETINGS - AND - NOTICE OF APPLICATION TO THE COURT OF QUEEN’S BENCH OF ALBERTA - AND - JOINT MANAGEMENT INFORMATION CIRCULAR CONCERNING THE PLAN OF ARRANGEMENT INVOLVING CENOVUS ENERGY INC. - AND - HUSKY ENERGY INC. NOVEMBER 9, 2020 These materials are important and require your immediate attention. They require securityholders of Husky Energy Inc. (“Husky”) and Cenovus Energy Inc. (“Cenovus”) to make important decisions. If you are in doubt as to how to make these decisions or require assistance with voting your securities of Husky or Cenovus, please contact your financial, legal, tax or other professional advisors. Shareholders of Cenovus may also contact Cenovus’s strategic shareholder advisor and proxy solicitation agent, Kingsdale Advisors by: (A) telephone at (i) 1-866-851-4179 (North American Toll-Free Number); or (ii) 1-416-867-2272 (collect calls outside North America); or (B) email at [email protected]. No securities regulatory authority has expressed an opinion about, or passed upon the fairness or merits of the transaction described in this document, the securities being offered pursuant to such transaction or the adequacy of the information contained in this document and it is an offense to claim otherwise. TABLE OF CONTENTS LETTER TO HUSKY SHAREHOLDERS AND INTERESTS OF CERTAIN PERSONS OR OPTIONHOLDERS ............................ i COMPANIES IN THE ARRANGEMENT ............ 94 LETTER TO CENOVUS COMMON Husky ........................................ 94 SHAREHOLDERS ............................. v Cenovus ...................................... 97 HUSKY Q&A .................................. ix Combined Company Appointments ................. 97 CENOVUS Q&A ............................... xviii LEGAL DEVELOPMENTS ........................ 98 NOTICE OF SPECIAL MEETING OF HUSKY DISSENT RIGHTS ............................... 98 SECURITYHOLDERS .......................... xxvi CERTAIN CANADIAN FEDERAL INCOME TAX NOTICE OF SPECIAL MEETING OF CENOVUS CONSIDERATIONS .............................