Suncor Energy (SU) announced an increase in its share repurchase program to 75% of its free funds flow this quarter, with plans to escalate this to nearly 100% once net debt is reduced.
Imperial (IMO) starts the Grand Rapids oil sands project at Cold Lake, using SA-SAGD tech to cut emissions by 40%, boosting production to 15,000 gross barrels per day by 2024.
Kinder Morgan (KMI) invests $100 million in a Texas oilfield, leveraging U.S. carbon capture incentives to boost production and recovery using enhanced oil recovery techniques.