Latest news with #MEGEnergyCorp
Mint
4 days ago
- Business
- Mint
Canadian Wildfires Force Oilsands Evacuations, Stop Oil Flows
(Bloomberg) -- Raging Western Canadian wildfires that have forced thousands of people from their homes are now also prompting evacuations from oilsands projects in northern Alberta. A fire near Cold Lake, Alberta is bearing down on oilsands operations and curtailing production in the region as employees are told to leave. Out-of-control fires in Alberta, Saskatchewan and Manitoba are threatening towns and mining operations as crews fight to contain the blazes. Canadian Natural Resources Ltd., the largest oil and gas producer in the country, said Saturday it had evacuated workers from its Jackfish 1 oilsands project and halted 36,500 barrels per day of bitumen production. 'All workers are safe and accounted for with no reported injuries,' the Calgary-based company said in a statement. Similarly, MEG Energy Corp. said late Saturday it had 'proactively' evacuated all non-essential personnel from its Christina Lake project and that the wildfire had caused an outage to a third-party power line, disconnecting it from the grid. The company said it is still producing oil from the project, though the startup of an additional 70,000 barrels per day of production will be delayed as a result of the power loss. 'We are working closely with authorities and coordinating with our industry peers to support each other and resume normal operations,' MEG President and CEO Darlene Gates said in a statement. Earlier, Cenovus Energy Inc. put customers on notice that it may not make some oil deliveries from one asset and evacuated staff from another in the Cold Lake region. More stories like this are available on
Cision Canada
4 days ago
- Business
- Cision Canada
MEG Energy Safely Evacuates Non-Essential Personnel from Christina Lake Regional Project Amid Wildfires
CALGARY, AB, May 31, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) provided an update today on operations at its Christina Lake Regional Project (CLRP) production facilities in response to regional wildfires south of CLRP. As a precautionary measure, MEG Energy has proactively evacuated all non-essential personnel, ensuring the safety of our team while maintaining critical operating staff on site. The wildfire caused an outage to third-party power line infrastructure connecting CLRP to Alberta's electric grid, prompting MEG to safely disconnect from the grid. View PDF MEG's cogeneration capabilities are enabling continued production at CLRP. However, the power outage is delaying startup of the company's Phase 2B operations, which represent approximately 70,000 barrels per day of production. When the fire situation developed, MEG was preparing to restart Phase 2B following the successful completion of the planned turnaround. We are working closely with the utility company and other stakeholders to restore grid connection and return to full capacity. "The safety of our people and protection of our assets remain our top priorities, and there is no immediate risk to either," said Darlene Gates, President and CEO. "We are working closely with authorities and coordinating with our industry peers to support each other and resume normal operations. I want to thank Alberta's emergency responders for their efforts in battling the fires and wish them continued safety." About MEG MEG is the leading pure-play in situ thermal oil producer in Canada. Our purpose is to meet the growing demand for energy, produced safely and reliably, while generating long-term value for all our stakeholders. MEG produces, transports and sells our oil (AWB) to customers throughout North America and internationally. Our common shares are listed on the Toronto Stock Exchange under the symbol "MEG" (TSX: MEG). For further information, please contact: Media Relations T 403.775.1131 E [email protected] SOURCE MEG Energy Corp.
Yahoo
4 days ago
- Business
- Yahoo
MEG Energy Safely Evacuates Non-Essential Personnel from Christina Lake Regional Project Amid Wildfires
CALGARY, AB, May 31, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) provided an update today on operations at its Christina Lake Regional Project (CLRP) production facilities in response to regional wildfires south of CLRP. As a precautionary measure, MEG Energy has proactively evacuated all non-essential personnel, ensuring the safety of our team while maintaining critical operating staff on site. The wildfire caused an outage to third-party power line infrastructure connecting CLRP to Alberta's electric grid, prompting MEG to safely disconnect from the grid. MEG's cogeneration capabilities are enabling continued production at CLRP. However, the power outage is delaying startup of the company's Phase 2B operations, which represent approximately 70,000 barrels per day of production. When the fire situation developed, MEG was preparing to restart Phase 2B following the successful completion of the planned turnaround. We are working closely with the utility company and other stakeholders to restore grid connection and return to full capacity. "The safety of our people and protection of our assets remain our top priorities, and there is no immediate risk to either," said Darlene Gates, President and CEO. "We are working closely with authorities and coordinating with our industry peers to support each other and resume normal operations. I want to thank Alberta's emergency responders for their efforts in battling the fires and wish them continued safety." About MEG MEG is the leading pure-play in situ thermal oil producer in Canada. Our purpose is to meet the growing demand for energy, produced safely and reliably, while generating long-term value for all our stakeholders. MEG produces, transports and sells our oil (AWB) to customers throughout North America and internationally. Our common shares are listed on the Toronto Stock Exchange under the symbol "MEG" (TSX: MEG). Learn more at For further information, please contact: Media RelationsT 403.775.1131E media@ SOURCE MEG Energy Corp. View original content to download multimedia: Sign in to access your portfolio
Cision Canada
5 days ago
- Business
- Cision Canada
MEG Energy Urges Shareholders to Take NO ACTION with Respect to Unsolicited Takeover Bid by Strathcona Resources
CALGARY, AB, May 30, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) acknowledges the commencement by Strathcona Resources Ltd. ("Strathcona") of a conditional, unsolicited takeover bid (the "Offer") to acquire all of the issued and outstanding MEG common shares not already owned by Strathcona or its affiliates. View PDF The MEG Board of Directors (the "Board"), together with its financial and legal advisors, will consider and evaluate the Offer and related takeover bid circular. To assist the Board in its evaluation of the Offer, the Board has formed a special committee comprised of independent directors (the "Special Committee"). The Board will provide shareholders with a recommendation regarding the Offer within 15 days. Shareholders will be notified of the Board's recommendation via a news release and MEG's Directors' Circular, which will be sent to shareholders and filed on the SEDAR+ website ( on or before June 16, 2025. The Offer is open for 105 days and MEG shareholders are strongly advised to take no action with respect to the Offer until the Board has made a formal recommendation. MEG remains committed to executing its long-term strategy, as set out in its November 2024 Business Update, and is confident in the associated value creation potential. MEG's Business Update is available on MEG's website at As a consequence of the Offer and pursuant to applicable securities laws, MEG's automatic share purchase plan executed in connection with its normal course issuer bid is terminated effective as of the date hereof. Advisors: MEG has engaged BMO Capital Markets as its financial advisor and Burnet, Duckworth & Palmer LLP as its legal advisor. The Special Committee has engaged RBC Capital Markets as its financial advisor and Norton Rose Fulbright Canada LLP as its legal counsel. MEG is the leading pure-play in situ thermal oil producer in Canada. Our purpose is to meet the growing demand for energy, produced safely and reliably, while generating long-term value for all our stakeholders. MEG produces, transports and sells our oil (AWB) to customers throughout North America and internationally. Our common shares are listed on the Toronto Stock Exchange under the symbol "MEG" (TSX: MEG). For further information, please contact: Jim Campbell Vice President, Communications and External Relations T 403.775.1117 E [email protected] SOURCE MEG Energy Corp.
Yahoo
5 days ago
- Business
- Yahoo
MEG Energy Urges Shareholders to Take NO ACTION with Respect to Unsolicited Takeover Bid by Strathcona Resources
CALGARY, AB, May 30, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX: MEG) acknowledges the commencement by Strathcona Resources Ltd. ("Strathcona") of a conditional, unsolicited takeover bid (the "Offer") to acquire all of the issued and outstanding MEG common shares not already owned by Strathcona or its affiliates. The MEG Board of Directors (the "Board"), together with its financial and legal advisors, will consider and evaluate the Offer and related takeover bid circular. To assist the Board in its evaluation of the Offer, the Board has formed a special committee comprised of independent directors (the "Special Committee"). The Board will provide shareholders with a recommendation regarding the Offer within 15 days. Shareholders will be notified of the Board's recommendation via a news release and MEG's Directors' Circular, which will be sent to shareholders and filed on the SEDAR+ website ( on or before June 16, 2025. The Offer is open for 105 days and MEG shareholders are strongly advised to take no action with respect to the Offer until the Board has made a formal recommendation. MEG remains committed to executing its long-term strategy, as set out in its November 2024 Business Update, and is confident in the associated value creation potential. MEG's Business Update is available on MEG's website at As a consequence of the Offer and pursuant to applicable securities laws, MEG's automatic share purchase plan executed in connection with its normal course issuer bid is terminated effective as of the date hereof. Advisors: MEG has engaged BMO Capital Markets as its financial advisor and Burnet, Duckworth & Palmer LLP as its legal advisor. The Special Committee has engaged RBC Capital Markets as its financial advisor and Norton Rose Fulbright Canada LLP as its legal counsel. About MEG MEG is the leading pure-play in situ thermal oil producer in Canada. Our purpose is to meet the growing demand for energy, produced safely and reliably, while generating long-term value for all our stakeholders. MEG produces, transports and sells our oil (AWB) to customers throughout North America and internationally. Our common shares are listed on the Toronto Stock Exchange under the symbol "MEG" (TSX: MEG). Learn more at For further information, please contact: Jim Campbell Vice President, Communications and External Relations T 403.775.1117 E SOURCE MEG Energy Corp. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
