Highlights
Capital Spending - Upstream Spartan Delta Boosts Capital Spending
Due to the continued depressed prices of natural gas and the increase in the price of crude oil, Spartan Delta Corp. believes it is prudent to begin allocating capital to the oil and condensate rich Duvernay shale play.
MEG’s Strong Q1 Results Should Only Improve As Market Impact Of TMX Takes Hold
Like its western Canadian heavy oil producing brethren, MEG Energy Corp. expects that additional Canadian pipeline capacity from the imminent start up of the Trans Mountain expansion “will narrow heavy oil differentials, reduce differential volatility and improve netbacks on all of MEG's production,” says CEO Darlene Gates.
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Low Carbon Solutions ExxonMobil Covering All Bases In Energy Transition, Says Chief Executive Officer
Exxon Mobil Corporation believes oil and gas demand for energy will remain strong for the long term, but the company is rapidly advancing new technologies that turn hydrocarbon molecules into high value new materials in the event the energy transition picks up pace, chief executive officer Darren Woods told analysts on its first quarter 2024 conference call.