Bulletin records show there were 854 wells rig released last month, excluding experimental holes, compared to 435 in February 2016, an increase of 96 per cent.
March 20, 2017, 9:38 AM MDT
During the first two months of 2017, operators rig released 1,673 well across Canada, excluding experimental wells, up 81 per cent from 2016.
March 20, 2017, 7:42 AM MDT
The Alberta government has built a contingency into its oil price forecast for the upcoming fiscal year, but will adjust its numbers in fiscal Q1 if it needs to, Alberta Finance Minister Joe Ceci said this morning.
March 20, 2017, 11:13 AM MDT
Suncor Energy Inc. says it will continue to work with the Alberta Energy Regulator on obtaining approval for a fluid tailings management plan for its base plant and the related Millennium mine operational amendment after the regulator denied its applications citing inadequate information.
March 20, 2017, 7:22 AM MDT
Canada’s natural gas extraction industry remains fraught with risk if United States production levels rise faster than already forecast, resulting in production cutbacks or lower prices for Canadian producers, says a newly-released Conference Board of Canada report.
March 20, 2017, 11:15 AM MDT
TransCanada Corporation says that it has filed a variance application with the National Energy Board to proceed with construction of the North Montney Mainline project in northeast British Columbia.
March 20, 2017, 10:13 AM MDT
The Northwest Territories government is taking advantage of the downturn in the oil and gas industry to move forward with initiatives designed to improve the business case for petroleum development in the territories, says the minister in charge.
March 20, 2017, 6 AM MDT
It’s official. Cautious optimism has crept into the oil and gas industry entering 2017 as the price of oil hovers around $50 per bbl and companies are looking to modestly grow spending and increase drilling activity as they align to the new normal of improving, if not exceptional, commodity prices going forward.
March 20, 2017, 6 AM MDT
March 20, 2017, 11:55 AM MDT
Pengrowth Energy Corporation today announced that it has entered into an agreement for the sale of a portion of its Swan Hills assets in north-central Alberta for total cash consideration of $180 million, subject to customary adjustments.
March 20, 2017, 7:38 AM MDT
Companies focused on shale oil and gas plays in the U.S. and Canada will increase capital upstream spending this year by 60 per cent and 28 per cent, respectively, according to international energy consulting and intelligence firm Wood Mackenzie, with production increasing by 800,000 boe per day in the U.S. and 300,000 boe per day in Canada.
March 20, 2017, 6 AM MDT
Mazatlan, Mexico ‑The government body responsible for environmental regulations in Mexico has published the first ever rules governing hydraulic fracturing as two Canadian companies and others prepare to develop what are expected to be huge unconventional oil and gas resources in the country.
March 20, 2017, 8:54 AM MDT
Black Swan Energy says that it has entered into a long term commitment with TransCanada Corporation for 229 mmcf per day of service on the North Montney Mainline for transportation on the NOVA Gas Transmission Ltd. system with an expected onstream date in the second quarter of 2019.
March 20, 2017, 9:57 AM MDT
March 20, 2017, 10:15 AM MDT
As some international players move away from oil sands, Canadian producers are firmly planting their flag in the world’s third-largest oil reserves.
March 20, 2017, 6 AM MDT
On March 20, 2017 (Hong Kong Time), Sunshine Oilsands Ltd. and China Petroleum Engineering & Construction Corporation (CPECC) have signed a memorandum of understanding (MOU) in relation to the West Ells Phase II project expansion.
March 20, 2017, 6 AM MDT
STEP Energy Servcies reports that just two weeks after C08 tagged in at 7,115 metres (23,343 feet), the same rig broke yet another coiled tubing depth record on March 3.
March 20, 2017, 7:12 AM MDT
March 20, 2017, 10:26 AM MDT
March 20, 2017, 10:28 AM MDT
March 20, 2017, 11:38 AM MDT
Canadian Energy Services & Technology Corp. announced that due to current market conditions it has elected to terminate its previously announced offer to purchase for cash any and all of its 7.375 per cent senior unsecured notes due April 17, 2020 with CUSIP number 13566WAA6 from the holders thereof and withdraw its proposed private placement of new senior unsecured notes to fund the purchase of the 7.375 per cent notes.
March 20, 2017, 6 AM MDT
Petrolia Inc. has closed a private placement.
March 20, 2017, 6 AM MDT
March 20, 2017, 11:40 AM MDT
March 20, 2017, 10:35 AM MDT
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