The Alberta government now expects $3.85 billion in non-renewable resource revenue for the 2017-18 fiscal year, up $96 million from the budget, the provincial government reported this morning in its fiscal Q2 update.
If western Canadian natural gas can’t find an LNG export market off the West Coast, TransCanada Corporation can move it to export markets in the United States Gulf Coast, using mainly its own system, says a senior company executive.
Alberta Environment is looking at conservation offsets to address the permanent loss of habitat from the landscape due to oil and gas activity, a department official told a recent ecological issues forum.
Over the past 10 years, Canada has had a unique opportunity to exploit its hydrocarbon endowment. Hydrocarbon prices from roughly 2000 to 2015 were sufficient to generate massive investment in upstream oilsands production in excess of $250 billion. This led to the advent of various pipeline infrastructure projects to transport the resulting incremental production to markets.1
Average day rates for horizontal drilling rigs have increased 19 per cent for typical wells in the Viking and Sparky formations in Central Saskatchewan since last year, according to PSAC’s well cost study for the winter 2017 drilling season.
For nearly a decade to 2014, Canada’s reserve replacement ratio remained largely consistent at about 1.20, as healthy drilling activity equated to replacement of production plus 21 per cent added annually.
PSAC, in conjunction with the University of Alberta and Alberta Economic Development, will be holding a multi-level training program, Entering Other O&G Services Markets: Readiness Training 1 and 2, on December 13th and 14th in Calgary, AB.
Export Development Canada’s comprehensive, step-by-step guide shows you how to determine and apply your company’s unique selling proposition (USP), a strategic tool to help your business stand out from competitors, market more effectively, and increase sales.
Drilling rig activity in Western Canada and the Top 5 active operators as of Nov. 28, 2017, as reported this morning by Rig Locator.
The B.C. NDP government says it will “act on our commitment and appoint a scientific panel to review hydraulic fracturing in British Columbia.”
The Hebron project started production safely and ahead of schedule, according to Exxon Mobil Corporation.
Starting today, TransCanada Corporation was to resume Keystone pipeline service at a reduced pressure to ensure a safe and gradual increase in the volume of crude oil moving through the system.
Knowing how to navigate through China's complex financial system can provide a competitive advantage for Canadian companies entering the country for the first time or expanding into new markets.
High Arctic Energy Services Inc. appointed J. Cameron Bailey to the position of chief executive officer.
Pembina Pipeline Corporation has entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets, CIBC World Markets, and Scotiabank pursuant to which the underwriters have agreed to purchase from Pembina 12 million cumulative redeemable minimum rate reset class A preferred shares, Series 21 at a price of $25 per share for distribution to the public.
Divestco is proud to announce the launch of an exciting new Data Management module for GeoCarta, our powerful GIS based mapping software that lets project teams explore, analyze, filter, map and extract public and proprietary data.
British Columbia now ranks as the least-attractive Canadian jurisdiction for oil and gas investment followed by Alberta, finds the annual global survey of petroleum-sector executives released today by the Fraser Institute.
Proposed changes to the occupational health and safety system are generally in line with the oil and gas industry’s best practices, according to Energy Safety Canada, responding to the introduction of the Alberta government’s Bill 30.
Saturn Oil + Gas Inc. has entered into an asset exchange agreement with a major Viking producer and successfully completed drilling operations on its first two Viking horizontal wells.
Sunshine Oilsands Ltd.’s board announced that on Nov. 28, 2017 (Hong Kong time) after trading hours, a shareholder’s loan agreement was entered into between Prime Union as lender and the company as borrower, pursuant to which the lender agreed to provide a loan to the company in the aggregate amount of HK$18,269,768.
Eagle Energy Inc. announced initial production test results from its first North Texas horizontal well, which is producing 527 boe/d (402 bbls/d of oil) and is exceeding Eagle's forecast presently built into its 2017 full year average production guidance.
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