The active rig count in Western Canada has fallen by 75 in the last two weeks as drillers lay down rigs due to spring breakup.
March 31, 2017, 11:51 AM MDT
Across Western Canada, 24 per cent of the drilling fleet was active during the last week of March, compared to only eight per cent in the year-prior period. For all but three weeks at the start of January, activity rates have been higher this year compared to the prior two years.
March 31, 2017, 3:22 PM MDT
Cenovus Energy Inc.’s acquisition of full interest in the Narrows Lake oilsands property may provide extra momentum for what could be Alberta’s first commercial deployment of a solvent-based extraction method designed to significantly reduce greenhouse gas emissions.
March 31, 2017, 10:29 AM MDT
ConocoPhillips Company will have a much smaller Canadian footprint following the sale of non-operated oilsands interests and most of its Deep Basin assets to Cenovus Energy Inc.
March 31, 2017, 11:49 AM MDT
Assuming average oil prices stabilize in 2017 and increase steadily to 2021, Canada’s oil and gas industry will require 17,100 new workers during the five-year period, says a newly released PetroLMI outlook.
March 31, 2017, 7:32 AM MDT
Chevron Corporation’s production in Canada climbed to roughly 92,000 boe per day in 2016, up from 69,000 boe per day the previous year.
March 31, 2017, 8:55 AM MDT
March 31, 2017, 6 AM MDT
Alberta Energy expects to conclude within the next six to eight weeks its engagement sessions on the province’s oilsands lease continuation policy.
March 31, 2017, 11:03 AM MDT
Technology disruption is well underway in the service and supply industry and creating a safe environment for innovation is the best strategy to deal with it, according to a comprehensive survey of the Canadian oil and gas industry to be released next week.
March 31, 2017, 7:44 AM MDT
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March 31, 2017, 11:30 AM MDT
Fourth-quarter revenue edged up for Bri-Chem Corp., thanks to a nascent recovery, especially on the United States side of the North American drilling market, the drilling fluids-producer reported this week.
March 31, 2017, 6 AM MDT
Woodfibre LNG awarded a pre-construction contract to MATCON Environmental Ltd., a BC-based civil contractor.
March 31, 2017, 2:08 PM MDT
Prairie Provident Resources Inc. expects its 2017 drilling program to deliver 55-per-cent per-share production growth and generate strong return rates on its assets at current commodity prices, with waterflood initiatives lowering corporate decline rates and stabilizing production levels in the medium and long term.
March 31, 2017, 9:47 AM MDT
A decision to partly shut in natural gas from New Brunswick’s McCully Field late last year yielded lower fourth-quarter volumes for Corridor Resources Inc. the junior producer said in a report this week.
March 31, 2017, 10:53 AM MDT
March 31, 2017, 3:47 AM MDT
Total Energy Services Inc. has purchased, through the facilities of the Toronto Stock Exchange (TSX), 51,400 Savanna Energy Services Corp. shares.
March 31, 2017, 4:01 AM MDT
The common shares of Squatex Energy and Ressources Inc., a Québec-based oil and gas exploration company, will commence trading on the Canadian Securities Exchange (CSE) at the opening of the market on April 3, 2017 under the stock symbol “SQX.”
March 31, 2017, 4:05 AM MDT
Clearview Resources Ltd. has closed an acquisition of assets in the Pembina area of Alberta for $20.1 million with an effective date of Dec. 1, 2016.
March 31, 2017, 10:37 AM MDT
The International CCS Knowledge Centre in Regina, Saskatchewan and the Global Carbon Capture and Storage Institute inked a memorandum of understanding (MOU) at the centre’s office, which is located in the Innovation Place technology hub on the University of Regina campus.
March 31, 2017, 6 AM MDT
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March 31, 2017, 7:49 AM MDT
Exxon Mobil Corporation announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block.
March 31, 2017, 10:17 AM MDT
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