PrairieSky Royalty Ltd. had an “exceptionally busy” quarter across its royalty properties as third-party operators spud 134 per cent more wells on company lands compared to Q2 and a 48 per cent increase compared to the comparative period last year.
October 25, 2022, 10 AM MDT
With the usual caveat of the unknown potential weather impacts, the winter outlook for North American natural gas markets is strong as most fundamentals currently seem aligned to the upside, say industry analysts and agencies.
October 24, 2022, 9:24 AM MDT
Five leading Canadian research and technology organizations have joined forces to create the Canadian CCUS Research and Technology Network, an initiative that aims to provide the members’ collective expertise with facilities and equipment to help demonstrate scale and validate CCUS technologies.
October 18, 2022, 12 AM MDT
The widening of the West Texas Intermediate (WTI)-Western Canadian Select (WCS) differential continues unabated and shows little sign that it will correct to more historic norms anytime soon, says Martin King, senior analyst at RBN Energy, LLC.
October 13, 2022, 10:59 AM MDT
Calling it a “major milestone” for his group, Kendall Dilling, president of the Pathways Alliance, says the Government of Alberta’s decision to select the Alliance’s proposed carbon capture and storage (CCS) hub near Cold Lake for further analysis is a positive step forward.
October 5, 2022, 11:11 AM MDT
Despite bulging bottom lines flush with cash flow and continued and increasing vows of return of capital to shareholders, Canadian E&Ps say they remain mindful of inflationary pressures and are taking steps to mitigate the impacts of rising costs.
October 4, 2022, 12 AM MDT
Saskatchewan’s energy and mining industries are “flourishing” and the trajectory for growth continues its upward trend, says Susanna Laaksonen-Craig, deputy minister, energy and resources.
October 3, 2022, 6:18 AM MDT
The province of Saskatchewan is continuing to lobby the federal government to include CO2 enhanced oil recovery (EOR) as part of its carbon capture, utilization and storage (CCUS) strategy and fiscal/policy framework, attendees of a Canadian Society for Unconventional Resources (CSUR) Saskatchewan Day virtual event heard this week.
September 29, 2022, 12 AM MDT
Voluntary emissions reductions and other environmental, social and governance (ESG) efforts to adhere to the Equitable Origin EO100 Standard for Responsible Energy Development program are increasingly becoming a vital tool in the toolbox of western Canadian natural gas producers, according to panelists participating in a recent Petroleum Technology Alliance Canada (PTAC) virtual conference.
September 27, 2022, 12 AM MDT
While the general E&P talking-point consensus regarding inflationary pressures during Q2 calls and releases was that costs were up in the 10 to 15 per cent range, industry insiders recently contacted by the DOB concede it’s likely more than those estimates.
September 13, 2022, 6:09 AM MDT
With recently-enhanced “tools” at his disposal, combined with exploration and development oil and gas companies currently flush with extra cash because of a prolonged spike in commodity prices, the head of the Alberta Energy Regulator (AER) is pleased with the progress of well reclamation efforts in the province.
September 8, 2022, 12 AM MDT
The Alberta Energy Regulator’s (AER) top executive says his team continues to make strides in adapting to an increased and multi-layered mandate as its work regarding emerging and alternative energy sources and emissions reduction initiatives in the energy sector continues to grow in scope.
September 6, 2022, 6 AM MDT
Backstopped by the energy sector, the Alberta government says total revenue of $75.9 billion is forecast for fiscal 2022-23, $13.3 billion higher than estimated in Budget 2022, mainly due to higher energy prices and their impact on royalties, production, Alberta’s economy and incomes.
August 31, 2022, 11:06 AM MDT
Led by conventional oil and gas, the Alberta government says activity and investment in the energy sector has substantially picked up since it released its budget in February as commodity prices soared.
August 31, 2022, 11:13 AM MDT
The increasingly wide differentials of the AECO natural gas price to U.S. benchmarks seen recently is an “incredible” discount and could linger into the fall, says Martin King, senior analyst at RBN Energy, LLC.
August 17, 2022, 10:49 AM MDT
The B.C. Oil and Gas Commission (OGC) has issued 16 well licences.
August 17, 2022, 5:31 PM MDT
After booking a “substantial hedging loss” during the second quarter, Peyto Exploration & Development Corp. says it “eagerly looks forward” to further increases in funds flow as a good chunk of existing hedges roll off in the near term.
August 15, 2022, 12 AM MDT
CES Energy Solutions Corp. expects strong activity levels to continue through the balance of 2022, moderated by ongoing challenges with supply chain constraints and inflationary pressures.
August 15, 2022, 12 AM MDT
Peyto Exploration & Development Corp.’s chief executive says the company continues to take steps to mitigate the impact of inflationary pressures that are being felt industry wide.
August 12, 2022, 12 AM MDT
Oilfield chemical supply firm CES Energy Solutions Corp. generated record quarterly revenue of $433.7 million, representing a sequential increase of $32.4 million, or eight per cent, relative to the company’s previous record of $401.3 million in Q1 2022.
August 12, 2022, 10:48 AM MDT
Despite an extremely wet June that hampered operations, Peyto Exploration & Development Corp.’s Q2 output increased 17 per cent year-over-year as an increased capital expenditure program over the past year helped pad volumes.
August 11, 2022, 11:19 AM MDT
Downstream assets acquired by Cenovus Energy Inc.’s in its 2021 combination with Husky Energy Inc. have helped ease the blow of widened West Texas Intermediate (WTI)-Western Canadian Select (WCS) differentials, says Alex Pourbaix, president and CEO.
August 9, 2022, 12 AM MDT
The chief executives of Canada’s oilsands juggernauts say inflationary pressures are being felt but are limited in impact so far because their respective long-lead-time projects have required them to procure supplies and services prior to any major price spikes.
August 8, 2022, 8:29 AM MDT
With his “number one focus” on improving Suncor Energy Inc.’s safety and operating performance, interim president and CEO Kris Smith says he’s been “deeply engaged with the management team and our improvement plan and its execution to drive that improvement and strengthen our safety culture.”
August 8, 2022, 12 AM MDT
Suncor Energy Inc. continues to review options for its retail business to ensure the company is maximizing the long-term value of that business segment and “we will disclose the results of this process in the fourth quarter,” says Kris Smith, interim president and CEO.
August 8, 2022, 12 AM MDT
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