Corey Code will replace Sherri Brillon as Encana’s CFO in May when she retires after an over 30-year career with the North America shale powerhouse.
Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on March 20, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory.
The government said the increase in production limits comes as warmer weather reduces the amount of diluent needed to help oil sands bitumen flow through pipelines, increasing capacity.
Company blames market uncertainty caused by government decisions.
North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market grows following delays to a critical pipeline project.
Alberta Premier Rachel Notley warned Canadian senators on Feb. 28 that a slump in the country's energy sector could deepen if the federal government passes proposed legislation to change how major projects like pipelines are assessed.
Canadian oil and gas producer Husky Energy expects 2019 production could be lower than it had previously expected because of mandatory output cuts imposed by the government of Alberta.
Volume will reach 120,000 bbl/d by mid-2020.
Line had been shut after leak of 43 barrels of crude.
Enbridge has been working on replacement works on its massive Line 3 pipeline, running from Alberta to Wisconsin, to restore its capacity to 760,000 bbl/d.