AGP Executive Report
Last update: 2 hours agoOil Sands Deal Watch: Cenovus Energy agreed to buy Athabasca Oil in a $5.7B cash-and-stock deal, aiming to lift output from Athabasca’s current 40,000 bpd toward 115,000 bpd by 2032 and expand future development options in northeastern Alberta. Offshore Portfolio Shuffle: Suncor is selling its Newfoundland offshore interests (Terra Nova, White Rose and West White Rose) to Ithaca Energy for $1.2B cash plus up to $350M contingent on future oil prices, as it narrows focus to oilsands. Climate Court Shockwaves: The U.S. Supreme Court heard arguments on whether cities like Boulder, Colo., can sue fossil fuel companies in state court over climate impacts, with justices raising concerns about a flood of similar cases. Power & Industry Reliability: Algoma Steel says power issues are resolved after an outage at its Lake Superior Power station, as it prepares to bring a second electric arc furnace online later this year. Nuclear in Saskatchewan: Saskatchewan’s government says it plans to add 2,600 MW by 2050 and build two large-scale reactors in northwest Saskatchewan, while also pursuing SMRs (600 MW target) near Rafferty/Estevan. Grid-Adjacent Tech: TELUS and AST SpaceMobile completed an initial end-to-end satellite-to-smartphone integration test on TELUS’ network, targeting coverage gaps across Canada.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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