Seven Generations Energy Ltd.’s underestimation of the required Pembina Kakwa River natural gas processing plant downtime in 2017 is largely why the company will now take a more conservative outlook regarding third party-related infrastructure downtime for next year — likely to be around 30 to 45 days for the 12-month period.
Although a single-window Alberta Energy Regulator (AER) has provided greater regulatory efficiencies, it may have come at the cost of some checks and balances in the system, says an associate professor of law at the University of Calgary Haskayne School of Business.
TransCanada Corporation crews safely shut down its Keystone pipeline at approximately 6 a.m. CST (5 a.m. MST) Thursday after a drop in pressure was detected in its operating system resulting from an oil leak that is under investigation.
Upstream oilsands development is partially to blame for the International Union on the Conservation of Nature (IUCN) classifying Wood Buffalo National Park (WBNP) as having the worst conservation outlook in Canada and the second worst in all of North America, according to Kecia Kerr.
North America has the potential to be an “energy export juggernaut” but to do so it needs to move beyond the polarized debate about the role of energy in society, says the chief executive of Enbridge Inc.
The expansion of High Arctic Energy Services Inc.’s Production Services segment helped to mitigate the impact of lower Papua New Guinea (PNG) drilling and rentals activity resulting in $42.8 million in revenue in the quarter versus $47.5 million in the third quarter of 2016.
Oilfield chemicals provider CES Energy Solutions Corp. reported third quarter net income of $19.44 million, or seven cents per diluted share, versus a loss of $11.39 million, or four cents per share, in the same period last year.
Harvest Operations Corp., a Canadian subsidiary of state-owned Korea National Oil Corporation (KNOC), narrowed its net loss to $17.6 million in the third quarter from $106.9 million in the same period last year.
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) Call for Nominations (Parcels) NL17-CFN02 - Eastern Newfoundland Region (Sector NL03-EN-01A and NL03-EN-01B) and Call for Nominations (Parcels) NL17-CFN03 – Jeanne d’Arc Region closed Nov. 15 with a total of 42 parcel nominations submitted by six nominees over the two regions.
Explor Geophysical Ltd. has just completed acquisition of a high-density 3D seismic survey that attained trace densities ranging from five million to seven million seismic traces per square kilometre, beating its previous record, the company said.
Athabasca Oil Corporation announced that Henry Sykes will be stepping down from the board of directors as a result of a conflict that has arisen given his position on a board of a publicly traded company that recently combined with another public company.
The chief executive of the Canadian-based company that has become one of the most aggressive participants in Mexico’s oil and gas production sector says he believes the company will eventually unlock millions of bbls of oil from a shale block it will likely begin producing from next year.
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