While the Duvernay could be a world-class, highly-profitable resource play, development is simply too early on to really know for sure, says Michael Muirhead, and the potential could be a lot smaller than many might hope.
October 10, 2017, 9:15 AM MDT
Keyera Corp. has entered into a 20-year midstream agreement with Chevron Canada Limited to fractionate and handle natural gas liquids from Chevron's Kaybob Duvernay operations near Fox Creek, Alberta.
October 10, 2017, 7:10 AM MDT
The energy makeover underway to transition off carbon offers a massive opportunity to those in the clean energy and innovation space, says former U.S. Energy Secretary Ernest Moniz, but it also offers plenty of prospects for relatively clean burning natural gas.
October 10, 2017, 9:20 AM MDT
Drilling rig activity in Western Canada and the Top 5 active operators as of Oct. 10, 2017, as reported this morning by Rig Locator.
October 10, 2017, 11:49 AM MDT
Trans Mountain Pipeline ULC has withdrawn its request to the National Energy Board (NEB) seeking approval to install temporary spawning deterrent matting at four watercourses as the timing window for safe and effective installation has passed.
October 10, 2017, 6 AM MDT
October 10, 2017, 10:40 AM MDT
PrairieSky Royalty has published new technical materials on the East and West Duvernay Shale Oil plays in Central Alberta.
October 10, 2017, 6 AM MDT
The sharp drop in commodity prices in 2014 has had a big impact on oil and gas producers’ profitability. Many companies have not seen a dramatic impact on reported volumes of reserves since the crash, but have seen a major drop in the net present value of their reserves, according to Sproule.
October 10, 2017, 6 AM MDT
Tallinn Capital Energy Corp. and Tallinn Capital Mezzanine LP are pleased to announce that they have arranged and co-funded Tallinn Capital Energy’s inaugural investment, providing up to $15MM in financing to Triple Five Intercontinental Group Ltd., a natural gas producer in the Ferrier area. Tallinn Capital Energy is a private energy lender, focusing on high quality junior oil and gas producers.
October 10, 2017, 6 AM MDT
October 10, 2017, 9:47 AM MDT
A private oil and gas company has available for farm-in 100% working interest lands with-in the Kaybob area of Alberta. The lands offer the opportunity for horizontal development drilling within the Montney formation.
October 10, 2017, 6 AM MDT
In Canada, small and medium size enterprises (SMEs) are owed millions of dollars in unpaid money, and many have actually lost track of exactly how much they are owed. As many as 89 per cent of Canadian businesses are experiencing late payment by their customers, and nearly half of all invoices are paid past the due date.
October 10, 2017, 6 AM MDT
October 10, 2017, 10:01 AM MDT
Geoscience BC’s board of directors announced the appointment of Gavin Dirom as president and CEO.
October 10, 2017, 10:28 AM MDT
A moderate recovery in oil and gas activity in Western Canada won’t reabsorb all the workers that lost their jobs since late 2014 when oil prices crashed, but parts of the industry will struggle to fill positions, says a PetroLMI labour supply research report.
October 10, 2017, 6 AM MDT
The National Energy Board (NEB) says it has tabled its 2016/2017 annual report to Parliament.
October 10, 2017, 11:09 AM MDT
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October 10, 2017, 6 AM MDT
Kelt Exploration Ltd. has subscribed to TransCanada Corporation's Dawn Long Term Fixed Price (LTFP) service and, in addition, has entered into various natural gas sales contracts in order to provide the company with exposure to diversified gas price hubs and reduce exposure to a single market.
October 10, 2017, 6 AM MDT
October 10, 2017, 7:44 AM MDT
Sproule hired Marcos y Asociados to provide local business development support in Mexico, broadening Sproule's ability to support Mexico's oil and gas industry.
October 10, 2017, 6 AM MDT
Recent analysis of data and research into naturally fractured reservoirs worldwide indicate that it would be possible to develop the Humber Arm Allochthon (HAA) without hydraulic fracturing, due to the naturally fractured nature of the reservoir, said Shoal Point Energy Ltd.
October 10, 2017, 6 AM MDT
Questerre Energy Corporation has closed its previously reported private placement of 34.9 million common shares at NOK5.70 or C89 cents per common share for gross proceeds of NOK198.9 million or approximately C$31 million.
October 10, 2017, 6 AM MDT
Energy Transfer Partners’s Rover Pipeline, LLC received approval from the Federal Energy Regulatory Commission (FERC) to begin operating three compressor units at its Mainline Compressor Station 1 in Carroll County, Ohio.
October 10, 2017, 6 AM MDT
October 10, 2017, 3:50 AM MDT
October 10, 2017, 3:55 AM MDT
Amec Foster Wheeler plc entered into a binding agreement to sell the majority of its U.K. North Sea operations to WorleyParsons Europe Limited, for a cash consideration of roughly £228 million, subject to closing adjustments.
October 10, 2017, 4:04 AM MDT
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October 10, 2017, 7:21 AM MDT
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