For the third consecutive year global energy investment declined in 2017 to US$1.8 trillion, or a decline of two per cent in real terms, the International Energy Agency (IEA) said in its latest market forecast released today.
July 17, 2018, 6 AM MDT
The Alberta government received $4.98 billion in total non-renewable resource revenue in 2017/18, up from $3.1 billion the previous fiscal year, which helped to narrow the deficit.
June 28, 2018, 9:57 AM MDT
Volatile Canadian prices and unfavourable differentials to U.S. benchmarks will persist as lack of egress and other headwinds dampen the outlook for producers north of the 49th parallel, S&P Global Ratings says in its mid-year report for the North American oil and gas industry.
June 27, 2018, 6 AM MDT
Even if a proposed LNG project like LNG Canada eventually goes ahead, muted activity in what was not too long ago an industry bright-spot in the Horn River and Liard basins is not likely to see an appreciable uptick in activity any time soon.
June 21, 2018, 6 AM MDT
Baytex Energy Corp. and Raging River Exploration Inc. are set to merge in an all stock deal valued at $2.8 billion, the companies announced this morning.
June 18, 2018, 5:02 AM MDT
Global energy demand grew above its 10-year average of 1.7 per cent to 2.2 per cent in 2017 as stronger economic growth in the developed world and a slight slowing in the pace of improvement in energy intensity drove increased demand, BP said in its Statistical Review of World Energy released this morning.
June 13, 2018, 11:05 AM MDT
Although U.S. tight oil output has grown by about two million bbls/d since 2016 that country’s star play — the Permian — is showing signs of slowing down, says BP’s chief economist.
June 13, 2018, 11:23 AM MDT
Inefficient and overlapping climate policies and regulations are eroding the Canadian oil and gas sector’s competitiveness and driving off investment while doing little to improve global greenhouse gas emissions, says the Canadian Association of Petroleum Producers (CAPP) in a new report.
June 6, 2018, 10:56 AM MDT
AKITA Drilling Ltd. is acquiring Xtreme Drilling Corp. in a stock, cash and debt deal valued at approximately $209 million, the companies announced this morning.
June 5, 2018, 11:58 AM MDT
Pembina Pipeline Corporation is raising the bottom end of its 2018 capital expenditure guidance and could look to bump up the upper end as the year plays out, president and CEO Mick Dilger told an investor day event Tuesday.
May 30, 2018, 11:33 AM MDT
The B.C. government’s legal challenge on the constitutional merits of Alberta’s proposed Bill 12 are nothing more than the continuation of a strategy to delay the Kinder Morgan Canada Limited proposed Trans Mountain expansion project into a permanent sleep-hold, says Alberta Premier Rachel Notley.
May 23, 2018, 3:04 AM MDT
Alberta Energy Minister Marg McCuaig-Boyd has struck an expert panel that will provide advice and recommendations to the provincial government in an effort to ensure “Alberta is receiving maximum value for its natural gas resources from available or potential markets.”
May 22, 2018, 6 AM MDT
With the Kinder Morgan Canada Limited-imposed May 31 deadline fast approaching and with his sights squarely set on B.C. Premier John Horgan, federal Finance Minister Bill Morneau says his government is prepared to indemnify the $7.4 billion Trans Mountain expansion project.
May 16, 2018, 7:30 AM MDT
Alberta Premier Rachel Notley says discussion between the province, federal government and Kinder Morgan Inc. are progressing and that she’s confident construction on the $7.4 billion Trans Mountain expansion project will be “getting back on track this summer.”
May 11, 2018, 6 AM MDT
Delphi Energy Corp. recorded a net loss of $4.5 million in the first quarter of 2018, down from the $8.2 million net earnings in the first quarter of 2017.
May 10, 2018, 10:33 AM MDT
Peyto Exploration & Development Corp. says a “strategic shift” undertaken early this year to counteract persistently weak and volatile natural gas prices has proven effective.
May 9, 2018, 10:31 AM MDT
Trinidad Drilling Ltd.’s first quarter revenue increased by 15.5 per cent compared to 2017, due to higher dayrates and higher activity levels in the company’s U.S. drilling division while Canadian revenue decreased due to lower early termination and standby revenue.
May 8, 2018, 10:19 AM MDT
ARC Resources Ltd. continues to focus on sustaining its Montney businesses while investing in the accretive liquids opportunities that the company has identified at Attachie West and in the Lower Montney at Dawson and Parkland.
May 4, 2018, 8:43 AM MDT
Murphy Oil Corporation increased first quarter Kaybob Duvernay production 92 per cent year-over-year while its Tupper Montney play in northeast British Columbia continues to exceed expectations.
May 3, 2018, 10:53 AM MDT
Devon Energy Corporation’s heavy oil production fell in the first quarter to 131,000 boe/d from 141,00 boe/d a year ago.
May 2, 2018, 6 AM MDT
April 27, 2018, 8:37 AM MDT
April 26, 2018, 11:34 AM MDT
AltaGas Ltd. says propane has been secured for close to 75 per cent of Ridley Island Propane Export Terminal (RIPET) export capacity and that construction of the facility remains on-time and on-budget for start-up in the first quarter of 2019.
April 26, 2018, 10:01 AM MDT
A recent surge in smaller oil and gas companies entering a strategic alternatives process comes as little surprise to the head of an industry association whose membership includes many entities that are choosing to go that route.
April 23, 2018, 6 AM MDT
Vermilion Energy Inc. has entered into an arrangement agreement to acquire Spartan Energy Corp., a southeast Saskatchewan oil and gas focused producer, with annual production of approximately 23,000 boe/d (91 per cent oil).
April 16, 2018, 6:29 AM MDT