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Whitecap expects production to come in at high end of forecast range after Veren deal
Whitecap expects production to come in at high end of forecast range after Veren deal

CTV News

time5 days ago

  • Business
  • CTV News

Whitecap expects production to come in at high end of forecast range after Veren deal

A pumpjack draws out oil and gas from a well head near Calgary, Alta., Tuesday, May 6, 2025. THE CANADIAN PRESS/Jeff McIntosh CALGARY — Whitecap Resources Inc. says it's made good progress toward integrating the people and assets it acquired through its combination with Veren Inc. this spring. The deal closed in mid-May and chief executive Grant Fagerheim says there have been 'plenty of early wins' on cutting corporate costs and improving Whitecap's credit profile. Whitecap says it expects production this year to come in at the high end of its forecast range of between 295,000 and 300,000 barrels of oil equivalent per day. Its capital budget for 2025 remains unchanged at $2 billion. The Calgary-based company is beginning its budgeting process for 2026, and Fagerheim says there are a lot of projects to choose from and the spending program can easily be tailored to commodity pricing. The all-stock transaction with Veren resulted in Whitecap becoming the biggest landholder in the Montney and Duvernay shales in Alberta and B.C. and the second-largest oil producer in Saskatchewan. This report by The Canadian Press was first published July 24, 2025. Lauren Krugel, The Canadian Press

Enbridge to invest US$900 million on solar project supporting Meta's data centres
Enbridge to invest US$900 million on solar project supporting Meta's data centres

Toronto Star

time22-07-2025

  • Business
  • Toronto Star

Enbridge to invest US$900 million on solar project supporting Meta's data centres

Cottaging, caucusing + A potential gamechanger for public safety Enbridge Inc. says it will invest US$900 million on a 600-megawatt solar project that will support Meta Platforms, Inc.'s data centre operations. The Enbridge logo is shown at the company's annual meeting in Calgary on May 9, 2018. THE CANADIAN PRESS/Jeff McIntosh SLH flag wire: true flag sponsored: false article_type: : sWebsitePrimaryPublication : publications/toronto_star bHasMigratedAvatar : false :

Opinion: I can't stay silent about Grassy Mountain — and neither should you
Opinion: I can't stay silent about Grassy Mountain — and neither should you

Calgary Herald

time19-07-2025

  • Business
  • Calgary Herald

Opinion: I can't stay silent about Grassy Mountain — and neither should you

Grassy Mountain, peak to left, and the Grassy Mountain Coal Project are seen north of Blairmore, in 2024. Photo by Jeff McIntosh / The Canadian Press As a professional engineer with 20 years of experience, I've always believed in the power of expertise and competence. I take my professional oaths seriously, and respect others who do the same. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Calgary Herald ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Calgary Herald ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors When I need advice on health, I consult doctors. On education, teachers. Yet, when Premier Danielle Smith was asked who advises her on Alberta's energy future, she answered, 'I take advice from CEOs. Who else would I take advice from?' I remind the engineers who are reading this that we are legally bound to prioritize public safety in our work. So it should raise extreme suspicion when the UCP makes an effort to avoid adding engineers to advisory panels. Your weekday lunchtime roundup of curated links, news highlights, analysis and features. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This is more than a political choice, it's a betrayal of public trust. Engineers are trained to solve complex systems. We ensure each part of the whole meets safety codes, and that our designs meet the clients' specifications. I believe our oaths extend beyond individual parts and apply to the entire system. For decades, I focused on safety in the details. It was my job to ensure every part I was asked to design was designed to the spec and as safe as possible. As I enter my senior engineering years, I see the bigger picture. Our profession's ethical duty must also apply to strategic decisions. Take the Grassy Mountain coal mine. Smith touts its economic benefits while dismissing environmental and safety concerns. She tells the public that we must develop our resources to ensure prosperity while refusing to listen to alternatives. There is a glaring technical question that her circle of advisers will never consider: Should we build an open-pit coal mine when green steel alternatives are emerging globally? The answer lies in engineering expertise, not CEO incentives. I've spent my career executing decisions made by others. As a junior engineer, I diligently followed design and industry specifications. As a project manager, I optimized flawed plans cooked up in closed-door boardroom meetings. I understand this is how the world works. We work in imperfect situations, with limited resources and tight deadlines. Sometimes you just need to get the job done. But our profession's integrity is compromised when engineers are excluded from strategic choices. CEOs, legally obligated to maximize shareholder value, cannot prioritize public welfare. Yet, over time, we've let them become the default 'experts' in energy policy. This a failure of our professional accountability. Engineers must ask: Are we being consulted on whether projects should proceed, or just asked to approve predetermined plans?

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