Carbon capture and storage (CCS) is the “single biggest lever that we have as an industry to pull” to put carbon away, MEG Energy Corp.’s president and CEO said this morning.
May 4, 2021, 7:39 AM MDT
Global exports contributed $70 million in normalized EBITDA for AltaGas Ltd. during the quarter, driven by 85,000 bbls/d of LPGs being shipped to Asia.
April 29, 2021, 6 AM MDT
While pricing for its services generally lags increasing demand during recovery cycles, Precision Drilling Corporation’s top executive sees many indicators that the fundamentals for land drilling are “well into a rebound.”
April 22, 2021, 2:47 PM MDT
Tamarack Valley Energy Ltd. will look for further opportunities to consolidate Charlie Lake assets, following the acquisition of Anegada Oil Corp. that was announced this morning.
April 12, 2021, 10:28 AM MDT
There’s no pathway to net zero in Canada and Alberta without carbon capture, utilization and storage (CCUS), Alberta Energy Minister Sonya Savage said on Tuesday.
April 6, 2021, 12:36 PM MDT
Whitecap Resources Inc.’s acquisition of Kicking Horse Oil & Gas Ltd. announced this morning more resembles a land deal than a corporate acquisition, executives said this morning.
April 5, 2021, 10:57 AM MDT
Topaz Energy Corp. is “still seeing a tremendous amount of opportunity, and we’re looking for a tremendous amount of opportunity,” on the deal front, its top executive said this morning.
March 18, 2021, 9:51 AM MDT
Alberta’s Wednesday land sale brought $5.63 million into government coffers.
March 11, 2021, 6 AM MST
Pipestone Energy Corp. has modified its three-year development plan to reflect the improvements in WTI futures prices and a stronger medium-term fundamental outlook for crude oil, including jump in expected spending for 2021.
March 11, 2021, 6:36 AM MST
While oil prices have surged, MEG Energy Corp.’s president and CEO says the company will wait until this recovery has “staying power” before deploying more capital.
March 4, 2021, 8:04 AM MST
The Alberta government says it is working with TC Energy Corporation “to explore all options” to advance the Keystone XL project and is “strongly encouraging the Government of Canada to do the same,” the province said in budget documents released this afternoon.
February 25, 2021, 3:35 PM MST
In 2021/22, the Alberta government will spend $3.1 billion “to support economic recovery and sector strategies,” including on technology and innovation.
February 25, 2021, 3:35 PM MST
The Alberta government is forecasting higher bitumen and crude oil royalties for the 2021/22 fiscal year, following a plunge the previous year as a result of COVID-19 and low oil prices.
February 25, 2021, 3:35 PM MST
Alberta’s natural gas and by-product royalties are forecast to climb to $467 million in 2021/22, $171 million, or 58 per cent higher than 2020/21.
February 25, 2021, 3:35 PM MST
The impacts from COVID-19 and lower oil prices were in full effect in the Alberta budget, with the deficit expected to come in at $18.2 billion for 2021/22.
February 25, 2021, 3:35 PM MST
On a day in which it announced it was unloading its Duvernay assets, Ovintiv Inc. reported lower Canadian output overall, including from its dominant asset in Canada, the Montney.
February 18, 2021, 12 AM MST
Ovintiv Inc. through a wholly owned subsidiary, has agreed to sell its Duvernay assets for $263 million including $12 million in contingency payments based on future commodity prices.
February 17, 2021, 3:42 PM MST
Scale and size, and enhancing the geographic land base, were touted as key benefits of merging ARC Resources Ltd. and Seven Generations Energy Ltd.
February 10, 2021, 7:33 PM MST
Good afternoon. We hope you are keeping warm!
February 8, 2021, 1:39 PM MST
Suncor Energy Inc. will not be increasing its 2021 capital spending plan beyond the current range, president and CEO Mark Little said this morning.
February 4, 2021, 9:59 AM MST
A shutdown of Enbridge Inc.’s Line 5 is a “low probability event,” according to Suncor Energy Inc. president and CEO Mark Little.
February 4, 2021, 10:08 AM MST
Murphy Oil Corporation has earmarked US$95 million in capital spending this year for its Canadian onshore business.
January 28, 2021, 9:51 AM MST
Alberta’s first land sale of 2021 held on Wednesday brought $5.28 million into government coffers.
January 14, 2021, 7:20 AM MST
Alberta closed its COVID-19-interruupted 2020 land sale schedule on Wednesday with a $1.62-million auction on Wednesday.
December 3, 2020, 9:45 AM MST
The ongoing effects from COVID-19 on the Alberta government’s finances were clear this afternoon as the province released its mid-year update with continuing weak resource revenue forecasts. The finance minister also acknowledged that the province will delay its plan to balance the budget by 2022/2023.
November 24, 2020, 2:52 PM MST
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