SemCAMS, a subsidiary of SemGroup Corporation, today announced plans to build a new 280 mmcf per day sour gas facility to process sour Montney gas in the Pipestone region of the Western Canadian Sedimentary Basin.
August 10, 2017, 2:22 PM MDT
The B.C. government is taking “initial action” on its commitment to protect British Columbia's interests in the face of the proposed expansion of the Kinder Morgan Canada Limited pipeline and increased tanker traffic.
August 10, 2017, 11:51 AM MDT
Peyto Exploration & Development Corp. posted a fourfold earnings increase in the second quarter compared to the same period last year, but earnings still fell short of dividend payouts.
August 10, 2017, 11:53 AM MDT
The available oil and gas labour force may be shrinking as some unemployed are no longer targeting that sector for work, which could be of concern to industry assuming activity picks up in the back half of 2017, says PetroLMI.
August 10, 2017, 7:40 AM MDT
The 54 active hedgers (1) among the TSX-listed oil and gas producers went into the second quarter with hedging contracts that covered a total volume of almost 737,000 bbls per day of oil and natural gas liquids (NGLs) production and 4.4 bcf per day of natural gas production, analysis from the CanOils hedging database has revealed.
August 10, 2017, 8:06 AM MDT
The Western Canadian oil market is now short of pipeline capacity, and this situation could persist through 2030, depending if industry is able to push major pipeline projects forward in this politically-charged environment. In 2016, regional oil supply was basically in balance with pipeline takeaway capacity. But continuing investment, driven by the last round of high oil prices, is pushing production substantially higher this year and next, while substantial new pipeline capacity cannot come online until the end of this decade, at the earliest.
August 10, 2017, 6 AM MDT
The Energy Information Administration’s (EIA) latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The United States has been a net exporter for three of the past four months and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018. The United States’ status as a net exporter is expected to continue past 2018 because of growing U.S. natural gas exports to Mexico, declining pipeline imports from Canada, and increasing exports of LNG.
August 10, 2017, 12 AM MDT
Responding to stronger field activity, Essential Energy Services Ltd. has hiked its 2017 capital budget 43.8 per cent to $23 million, management said in releasing second-quarter results this week.
August 10, 2017, 11:26 AM MDT
Keyera Corp. says it has seen a surge in throughput at its Simonette gas plant, setting a new record in June as producers continue to develop the liquids-rich Montney geological zone.
August 10, 2017, 10:48 AM MDT
The oil and gas supply chain has changed, with traditional sales pathways now replaced by evolving systems that are driven by technology and the overarching need to always get more for less.
August 10, 2017, 6 AM MDT
Strad Energy Services Ltd. attributes increased demand for its services in Q2 2017 to higher average rig counts of 298 in the quarter, compared to 158 during the same period last year.
August 10, 2017, 9:20 AM MDT
Oil Sands Trade Show and Conference is the premier event specifically developed for Alberta’s oil sands sector. This interactive exhibition is the place for oil sands operators and their contractors who are seeking solutions and innovations that reduce costs and maximize existing equipment and facilities.
August 10, 2017, 6 AM MDT
The province's former liquefied natural gas advocate is speaking out after being abruptly fired by the new NDP government earlier this month.
August 10, 2017, 9:02 AM MDT
August 10, 2017, 11:07 AM MDT
Painted Pony Energy Ltd. generated funds flow from operations of $18 million for the second quarter of 2017, (net of non-recurring transaction costs of $5.5 million from the acquisition of UGR Blair Creek Ltd.), an increase of 102 per cent over the $8.9 million during the second quarter of 2016.
August 10, 2017, 12 AM MDT
Painted Pony Energy Ltd. 's board of directors announced the appointment of W. Derek Aylesworth to the position of senior vice-president and chief financial officer effective Aug. 15, 2017.
August 10, 2017, 12 AM MDT
As a result of strong production results to date, Gear Energy Ltd. is revising volume expectations upwards while maintaining the existing $45 million capital plan.
August 10, 2017, 12 AM MDT
Second quarter production for Prairie Provident Resources Inc. reached a new corporate record, averaging 5,872 boe per day (63 per cent liquids), a 66 per cent increase over the same period in 2016 due primarily to production additions from a successful Wheatland drilling program, the Arsenal acquisition, and the high-quality, light oil assets acquired in the Greater Red Earth area of northern Alberta on March 22, 2017.
August 10, 2017, 12 AM MDT
Leucrotta Exploration Inc. recently completed the A8-22 Lower Montney well utilizing a 58 per cent increase in frac intensity.
August 10, 2017, 4:17 AM MDT
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August 10, 2017, 12 AM MDT
Journey Energy Inc. reported production of 10,194 boe per day in the second quarter, an 18 per cent increase from the second quarter of 2016.
August 10, 2017, 4:10 AM MDT
Granite Oil Corp. is revising its guidance for the second half of 2017 due to commodity price trends and added price pressure associated with the C/U.S. foreign exchange rate relative to the guidance released Jan. 24, 2017.
August 10, 2017, 4:40 AM MDT
During the first quarter of 2017, Bonterra Energy Corp. experienced scheduling delays with pumping service providers that resulted in new production from wells drilled during Q1 2017 being brought on in Q2 2017.
August 10, 2017, 8:10 AM MDT
Pine Cliff Energy Ltd. is lowering its capital guidance for 2017 from $18.5 million to $17 million, before acquisitions, primarily as a result of lower than anticipated recompletion costs, it said in its Q2 results.
August 10, 2017, 8:43 AM MDT
BlackPearl Resources Inc. continues to focus on expansion of its low-cost, long-life thermal project at Onion Lake as the company achieved higher financial and operational results for the second quarter and first half of this year.
August 10, 2017, 10:16 AM MDT
After serving as premier for nearly 10 years, Saskatchewan Premier Brad Wall today announced that he will be retiring from that position and elected politics when his party elects a new leader.
August 10, 2017, 10:24 AM MDT
Cameron MacGillivray, president and chief executive officer of Enform Canada, has announced his intention to retire at the end of September 2017, after leading the safety association for more than five years.
August 10, 2017, 12 AM MDT
Pason Systems Inc. generated consolidated revenue of $55.8 million in the second quarter of 2017, an increase of 105 per cent from the same period in 2016.
August 10, 2017, 12 AM MDT
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August 10, 2017, 3:16 AM MDT
Strategic Oil & Gas Ltd. announces that, with respect to the company's outstanding convertible debentures, Strategic has elected to pay the interest in kind for the semi-annual interest payment due on Aug. 31, 2017.
August 10, 2017, 12 AM MDT
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