The National Energy Board (NEB) in its current incarnation could soon be a thing of the past and replaced with two regulatory bodies as the federal government looks to modernize Canada’s energy regulator and make it more effective, efficient and transparent.
Brenda Kenny, a member of the expert panel reviewing the National Energy Board (NEB) and former president of the Canadian Energy Pipeline Association (CEPA), admitted that the recommendation by the panel to move the lion’s share of any new regulatory system to Ottawa from Calgary has raised some eyebrows.
Hit by devastating wildfires during 2016, Canadian total oil production is forecast to increase by 500,000 bbls a day in the second quarter and 220,000 bbls a day for the year as a whole, the International Energy Agency (IEA) noted this morning in its May Oil Market Report.
Operators did not license any evaluation wells in April, compared to 66 wells a year ago. Over the first four months of the year, operators have licensed only 65 oilsands evaluation wells, down from 124 to the end of April last year.
The scaled physical model rig for SAGD is the “workhorse” in Brij Maini’s laboratory at the Schulich School of Engineering — a workhorse to test solvents and additives under various conditions and proportions with the singular aim of extracting bitumen in a more efficient, economic and environmentally-friendly manner.
The senior executive of the company now building Alberta’s newest refinery— and who has appealed to the provincial NDP government to give a go ahead to the $8-billion second phase of the project — says his company has been asked to submit a detailed proposal to the government for the next phase.
New data available in CanOils’s M&A review for April 2017 illustrates the flurry of sales activity undertaken by Pengrowth Energy Corporation (TSX:PGF) since 2013 — with deals for its assets totalling more than C$1.7 billion.
Tamarack Valley Energy Ltd. reported an 86 per cent year-over-year increase in production in the first quarter of 2017 along with improved financial results following the closing of its business combination with Spur Resources Ltd. on Jan. 11, 2017 (DOB, Jan. 12, 2017).
This Inspired Conversation brings together multiple players involved in assets and major projects to discuss challenges with existing business models and will offer participants the opportunity to engage in dialogue.
Production was a record 16,947 boe per day (17 per cent condensate and NGL), for Storm Resources Ltd. in Q1 a per-share increase of 24 per cent from the first quarter of last year and a per-share increase of 27 per cent from the previous quarter.
The anticipated start up of the oil battery at Elmworth in early June bringing on production two successfully drilled and completely Middle Montney horizontal wells is expected to significantly increase production levels, says RMP Energy Inc.
TransGlobe Energy Corporation produced an average of 16,731 boe per day during the first quarter of 2017, which was within the full-year 2017 production guidance range of 15,500 to 18,500 and up 39 per cent from the same period of 2016.
Alberta Transportation has confirmed that Trican Well Service Ltd.’s proprietary CleanTRACK, long-term road dust suppression technology is now approved to be applied on public roads across the province, says the company.
Bri-Chem Corp. generated consolidated revenue of $33.9 million, an increase of 129 per cent from the first quarter in 2016, resulting primarily from higher business activity levels throughout North America.
After divesting its non-core Knopcik/Pipestone and East Gold Creek assets, Chinook Energy Inc. reported a strong balance sheet at the end of Q1 2017, with a net surplus of $25.6 million (including $21.6 million in cash) and three new new Montney wells brought onstream in the quarter.
Heather J. Culbert has been appointed to the Whitecap Resources Inc. board of directors effective May 16, 2017 and will also serve as a member of the corporate governance and compensation committee and the health, safety and environment committee.
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