The Alberta Carbon Trunk Line (ACTL) project will mark the beginning of a new industry in the province that could ultimately lead to one billion bbls of oil being recovered from reservoirs in central Alberta, says an executive with one of the companies involved in the project.
August 17, 2018, 7:49 AM MDT
Total Energy Services Inc.’s board approved an increase to the company’s 2018 capital expenditure budget to $54 million, which will be directed at the U.S. — the lion’s share of a previous increase was also directed at areas outside of Canada, also mainly south of the border.
August 10, 2018, 11:39 AM MDT
Keyera Corp., one of Canada’s fastest growing midstreamers, continues to fire on all cylinders, as it announced second quarter results Wednesday that saw its cash flow up by 32 per cent from the same quarter last year and its earnings rise by 44 per cent, leading to a decision to award its shareholders by increasing its dividend by seven per cent.
August 9, 2018, 10:32 AM MDT
STEP Energy Services Ltd. reported good second quarter financial results Thursday morning, supported by the acquisition this past winter of a company that helped it enter the U.S. fracturing market.
August 2, 2018, 10:30 AM MDT
Despite the normal slowdown in oilfield activity caused by seasonal spring breakup, Source Energy Services Ltd., Canada’s largest frac sand provider, recorded strong second quarter results Wednesday, thanks to an increase in proppant intensity and completions activities by its customers.
August 1, 2018, 9:32 AM MDT
New low-sulphur marine fuel standards could prove to be disastrous for the Canadian oil producing sector, says a new report by the Canadian Energy Research Institute (CERI), creating the need for more upgrading and refining to take place within Alberta.
August 1, 2018, 9:13 AM MDT
A “new wave” of LNG projects is needed with many of them in North America, a webinar on LNG opportunities heard Thursday.
July 27, 2018, 6 AM MDT
Those who assumed the world’s oil and gas production future would be all about unconventional resources, such as the oilsands and shale, have been proven wrong this year, as conventional oil and gas discoveries are on track for a significant increase, according to a new analysis.
July 27, 2018, 11:24 AM MDT
Weak natural gas pricing and volumes weighed on PrairieSky Royalty Ltd. results for the second quarter and first half of 2018, leading to lower revenues, funds from operations and earnings than in the comparable 2018 periods.
July 24, 2018, 9:08 AM MDT
European-based majors BP plc, Eni S.p.A and Royal Dutch Shell plc have outperformed North American-based majors, such as Exxon Mobil Corporation, in securing new project approvals during the oil price downturn, says a new report.
July 24, 2018, 11:30 AM MDT
If the $40 billion Royal Dutch Shell-led LNG Canada project proceeds, it likely will be the first of several LNG projects built on Canada’s West Coast, a senior executive with one of Canada’s largest workforce accommodation providers predicted Wednesday.
July 12, 2018, 8:04 AM MDT
The red hot Permian play will remain so for the foreseeable future, a panel of executives with four Calgary-based energy services companies told an energy conference Wednesday.
July 12, 2018, 8:33 AM MDT
Despite suggestions from U.S. President Donald Trump that OPEC can single-handedly reduce oil prices, which would then lead to lower gasoline prices and leave more money in Americans’ pockets, the head of that cartel says it doesn’t have that much power.
July 11, 2018, 4:47 AM MDT
In two sessions at the TD Securities Calgary energy conference on Tuesday involving the most active players in the Montney, participant after participant made it clear the liquids-rich area will dominate Canada’s energy sector for many years.
July 11, 2018, 8:24 AM MDT
Despite the election of a left-leaning populist as Mexico’s new president — who in the past has threatened to halt the reform of the country’s energy sector — observers of the country’s energy industry appear confident the reform process will continue.
July 3, 2018, 7:28 AM MDT
The Paris-based International Energy Agency (IEA), in a report forecasting world natural gas production and consumption through to 2023, has repeated many of the themes that were evident in last year’s report, with the 153-page analysis echoing the predictions by BP plc and other majors that natural gas will be the fossil fuel of the future.
June 26, 2018, 6 AM MDT
A founding member of a new organization that is proposing several initiatives to improve the fortunes of Western Canada’s struggling natural gas industry says producers, government officials and others should view Ottawa’s takeover of the Trans Mountain pipeline as a model that should be copied for the natural gas sector.
June 19, 2018, 6 AM MDT
When Celine Gerson moved from Houston to Calgary this past January to become president of Schlumberger Canada Limited, which has 3,500 employees in this country, one of her first steps was to become involved in an organization called the Canadian Energy Executive Association (CEEA).
June 11, 2018, 10:54 AM MDT
June 6, 2018, 6 AM MDT
Even Joy Romero sounds a bit surprised about how much of what are being called “fourth industrial revolution” technologies are being deployed by the company she works for, which is one of North America’s largest oil and gas producers.
June 6, 2018, 10:33 AM MDT
Calgary-based Gran Tierra Energy Inc. is one of 13 companies that have registered to bid on unconventional oil and gas blocks in Mexico, during an auction that will be held on Sept. 27.
June 6, 2018, 8:36 AM MDT
There was a 158 per cent increase in the rig count in Mexico in the first four months of 2018, with 62 wells drilled, compared to only 24 in the same period last year, according to Pulse Energy.
June 6, 2018, 8:12 AM MDT
June 4, 2018, 11:34 AM MDT
To Bill Gwozd, the immediate future for most Canadian natural gas producers looks bleak — and it’s not going to get any better.
June 1, 2018, 9:52 AM MDT
May 29, 2018, 6 AM MDT