The Alberta government this afternoon tabled a budget which forecasts a 54 per cent increase in the light-heavy differential, highlighting the egress problem in Alberta.
March 22, 2018, 2:51 PM MDT
Natural gas and byproduct royalties for the Alberta government are estimated at $541 million in 2018/2019, roughly flat with 2017/2018 revenue, which was higher than budget due primarily to lower costs, higher production and revenue from byproducts, even with lower natural gas prices.
March 22, 2018, 2:43 PM MDT
The following charts show key oil, bitumen and natural gas assumptions in the Alberta government’s budget tabled this afternoon.
March 22, 2018, 2:37 PM MDT
Widening light-heavy price differentials, due mainly to transportation challenges out of Western Canada, are beginning to take their toll on production.
March 22, 2018, 4:12 AM MDT
Today’s announcement by Cenovus Energy Inc. that it has reduced its bitumen production and will be resorting to the use of storage because of a lack of pipeline access is a trend and not a one-off decision, according to analysts who cover the sector.
March 22, 2018, 11:51 AM MDT
Members of an oil and gas industry audience Wednesday were challenged to become advocates for the Canadian industry, celebrating its contributions to the economy and its ability to play an important role in the transition to alternate energy sources in the decades ahead.
March 22, 2018, 8:01 AM MDT
British Columbia’s former energy minister, now a member of the Senate, was able to get his fellow senators to pass a unanimous motion late Tuesday calling on Prime Minister Justin Trudeau to “bring the full weight and power of his office” to ensure the Trans Mountain pipeline expansion project is built.
March 22, 2018, 6 AM MDT
More than two dozen clean-tech executives and venture capitalists have penned a letter to Premier John Horgan, asking him to back off on his opposition to the Trans Mountain pipeline expansion.
March 22, 2018, 6 AM MDT
When I’m wrong, I’m wrong.
March 22, 2018, 9:29 AM MDT
The Alberta Energy Regulator (AER) has approved the transfer of ownership of the STP-McKay SAGD project from Southern Pacific Resource Corp. to Viceroy Canadian Resources Corp.
March 22, 2018, 6 AM MDT
The $165-million Water Technology Development Centre (WTDC) that was deferred by Canada’s Oil Sands Innovation Alliance (COSIA) following the oil price collapse in 2014 is back under construction.
March 22, 2018, 6 AM MDT
In this edition of IBM Watson in natural resources, IBM explores the disruptive technologies necessary for oil and gas companies to compete and survive. The time is now for digital transformation.
March 22, 2018, 6 AM MDT
Alberta’s Wednesday land sale produced the lowest bonus haul of the calendar year so far, but it capped a fiscal year in which bonus bids more than doubled.
March 22, 2018, 6 AM MDT
Drilling rig activity in Western Canada and the Top 5 active operators as of March 22, 2018, as reported this morning by Rig Locator.
March 22, 2018, 10:36 AM MDT
March 22, 2018, 10:02 AM MDT
The National Energy Board (NEB) has determined that it requires additional time for its deliberations for the North Montney Mainline variance application, beyond March 31, 2018, the date of the sunset clause.
March 22, 2018, 3:17 AM MDT
March 22, 2018, 8:40 AM MDT
Wolf Midstream Inc. said today that it has closed the acquisition of the previously announced agreement to acquire MEG Energy Corp.’s 50 per cent ownership interest in the Access Pipeline and 100 per cent ownership in the Stonefell Terminal for $1.52 billion plus capital commitments of approximately $90 million.
March 22, 2018, 9:36 AM MDT
Experienced in prospect generation, property evaluation, subsurface mapping, land sale analysis, evaluation of land expiries and well abandonment's, identification of by-passed pay and missed opportunities.
March 22, 2018, 6 AM MDT
March 22, 2018, 4:04 AM MDT
March 22, 2018, 9:07 AM MDT
In its first full year as a public company, InPlay Oil Corp. successfully more than doubled production while growing light oil output by 75 per cent for the year, mainly in the Willesden Green area of west-central Alberta.
March 22, 2018, 6 AM MDT
March 22, 2018, 4 AM MDT
March 22, 2018, 10:29 AM MDT
March 22, 2018, 10:17 AM MDT
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