Higher oil prices dont shake industry talk on spending discipline at CAPP conference [Video]

The price of oil has been on a steady climb all year, but the talk at Canada’s biggest oil and gas conference is still focused on spending discipline.

Industry leaders at the Canadian Association of Petroleum Producers conference, held in Toronto this year, have been emphasizing their predictability and focus on returning money to shareholders, rather than talk of growth.

Suncor Energy Inc. chief executive Rich Kruger, who was named head of the oil and gas producer last year as it struggled with safety and operational issues, said his goal is to bring clarity and simplicity to the company.

“I want to become consistently and boringly excellent,” said Kruger. “I’m not a big one for surprise parties.”

Kruger has been working to standardize operations and create a steadier production plan, in contrast to some of the more rushed decisions when growth was the answer to all of the industry’s questions.

The early development of the Fort Hills …