The Alberta government on Wednesday attracted $19.89 million in bonus bids at its land sale on 61,198 hectares at an average price of $325.05, powered by a licence that was sold for over $10 million.
March 23, 2017, 6 AM MDT
Industry and provincial government officials are not exactly singing the praises of the federal government’s Budget 2017, tabled yesterday in Ottawa.
March 23, 2017, 11:40 AM MDT
The federal budget tabled by Finance Minister Bill Morneau yesterday contained many elements of interest to the country’s oil and gas sector, not the least of which was a plan to alter the Canadian exploration expense (CEE), a tool that was widely utilized by exploration and production companies looking to drill exploratory wells.
March 23, 2017, 9:25 AM MDT
In its annual budget tabled on Wednesday, the Saskatchewan government forecasted non-renewable resource revenue of $1.41 billion for the 2017/2018 fiscal year, up from $1.28 billion for 2016/2017.
March 23, 2017, 6 AM MDT
No matter how much mitigation governments, industries and communities implement, some degree of climate change is inevitable, and while continued efforts to minimize anthropogenic global warming is important, land-use management should plan for and adapt to possible future outcomes of climate change — including in the oilsands.
March 23, 2017, 6:58 AM MDT
A tiny British-based company that acquired Ivanhoe Energy Inc.’s partial upgrading technology hopes to build a commercial demonstration plant if an oilsands partner will pay for it.
March 23, 2017, 6 AM MDT
In any solvent-based bitumen extraction process, measures of performance include the amount of solvent required to produce a bbl of bitumen, and the amount of solvent that can be recovered from the reservoir.
March 23, 2017, 6 AM MDT
NRG Divestitures announces that Gelot Enterprises has a disposal well for sale.
March 23, 2017, 6 AM MDT
While crude oil royalties at one point generated higher revenue than bitumen for the Alberta government, roughly 10 years ago, the roles were reversed and bitumen surpassed crude oil as a revenue generator for provincial coffers, and that trend is expected to continue for 2017/2018.
March 23, 2017, 7:29 AM MDT
Clean up is progressing at the site of a light oil release at Husky Energy Inc.’s Moose Mountain operations area, the company said.
March 23, 2017, 3:56 AM MDT
CNOOC Ltd. reported production in Canada of 17.7 million boe for 2016, a drop from 21.2 million boe during the same period of 2015.
March 23, 2017, 3:35 AM MDT
Join Grant Thornton LLP and JWN Energy for the release of the 2017 Service & Supply Outlook to hear what the industry has to say about the future of service & supply companies.
March 23, 2017, 6 AM MDT
Are you a Canadian oil and gas company looking to start your export journey? If so, we want to hear from you.
March 23, 2017, 6 AM MDT
Canada’s transition toward a low-carbon economy has begun.
March 23, 2017, 6 AM MDT
The head of a Calgary oil and gas engineering consulting firm has been elected president of the Association of Professional Engineers and Geoscientists of Alberta (APEGA).
March 23, 2017, 3:48 AM MDT
Cardium and Viking player Tamarack Valley Energy Ltd. increased funds from operations and production in the fourth quarter compared to the same period a year earlier, but its net loss widened.
March 23, 2017, 10:48 AM MDT
Despite the challenges in the oil industry in 2016, Granite Oil Corp. says it made significant strides in setting up its unique, large oil-in-place oil asset for the long term through its organic development formula.
March 23, 2017, 10:40 AM MDT
The Alberta Securities Commission (ASC) has concluded a settlement agreement with Edmonton resident Khalid Jawhari for trading securities of Artek Exploration Ltd. on a tip from a friend.
March 23, 2017, 10:54 AM MDT
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March 23, 2017, 8:30 AM MDT
Financially troubled Petroleos Mexicanos (Pemex), the state-owned oil and gas company that is facing competition from private sector companies for the first time in its 80-year history, has managed to reward former senior executives with rich pensions, despite having a debt of US$100 billion, plus US$90 billion in pension obligations.
March 23, 2017, 8:09 AM MDT
Prairie Provident Resources Inc. completed its previously announced acquisition of strategic assets in the Greater Red Earth area of northern Alberta for cash consideration of $41 million.
March 23, 2017, 7:10 AM MDT
Western Energy Services Corp. said that its proposed arrangement with Savanna Energy Services Corp. providing for the issuance of 0.85 of a Western common share and payment of 21 cents of cash for each Savanna common share has gained additional strong support from Savanna shareholders since its announcement.
March 23, 2017, 6 AM MDT
Total Energy Services Inc. has purchased, through the facilities of the Toronto Stock Exchange (TSX), 30,800 Savanna Energy Services Corp. shares.
March 23, 2017, 6 AM MDT
Gibson Energy Inc. closed its issuance of $350 million aggregate principal amount of 5.25 per cent senior unsecured notes due July 15, 2024 on an exempt private placement basis.
March 23, 2017, 3:41 AM MDT
DIVERGENT Energy Services Corp. appointed Cameron Barton to its board of directors.
March 23, 2017, 7:46 AM MDT
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