Divestment is a bad policy for addressing the existential problem of climate change, in part, because it does not address fossil fuel demand, says Alex Letko, portfolio manager and partner at Letko, Brosseau & Associates Inc.
May 26, 2022, 6 AM MDT
Rubellite Energy Inc. began as a concept about one year ago, in May 2021, as management at Perpetual Energy Inc., through its efforts to understand refinancing options, started to see the Clearwater play evolve, says Sue Riddell Rose, president and chief executive officer for both companies.
May 25, 2022, 2:23 PM MDT
Saskatchewan remains important for Crescent Point Energy Corp., even as the company increases its Alberta focus following last year’s Kaybob Duvernay acquisition, says president and chief executive officer Craig Bryksa.
May 20, 2022, 12 AM MDT
The Canadian Association of Petroleum Producers (CAPP) says it looks forward to reviewing British Columbia’s newly-introduced oil and gas royalty system framework — to fully understand its details — while also talking with the province to ensure there is a “smooth and equitable transition” to the new royalty regime.
May 20, 2022, 10:52 AM MDT
The Indian Resource Council of Canada (IRC) is calling on the federal government to continue funding Period 6 of Alberta’s Site Rehabilitation Program (SRP) — the First Nations’ Site Rehabilitation Program (FNSRP).
May 19, 2022, 12 AM MDT
High Arctic Energy Services Inc. is seeing customer completion methodologies include more snubbing, which is something the industry had moved away from over the last few years, says chief executive officer Mike Maguire.
May 19, 2022, 12 AM MDT
The whole divestment movement is much like a vampire that just will not die, says William McNally, professor of finance at Wilfrid Laurier University, and this is despite evidence against such campaigns doing anything positive.
May 16, 2022, 6 AM MDT
Tidewater Midstream and Infrastructure Ltd. expects to announce a final investment decision in the near-term for its Pipestone Natural Gas Plant Phase 2 expansion to add 100 mmcf/day of sour gas processing to the facility.
May 13, 2022, 9:43 AM MDT
Tidewater Renewables Ltd. reported significant progress on the construction of its Hydrogen-Derived Renewable Diesel complex during Q1 2022, while simultaneously announcing a strategic renewable natural gas and feedstock partnership with a large feedlot operator.
May 13, 2022, 9:58 AM MDT
Total Energy Services Inc. still has work to do across all its divisions to return the business to more sustainable margins, says executive management, especially given the current state of commodity prices.
May 12, 2022, 1:14 PM MDT
Alberta’s natural gas storage levels are well below average currently, says Martin King, senior analyst with RBN Energy LLC, and the situation is “actually starting to look critical” for the province.
May 10, 2022, 1:23 PM MDT
For Canadian producers, the “signals” they would probably need to see to support future growth include, in part, clarity as to where commodity prices will be longer-term, even if that does not necessarily equate to $100-per-bbl oil, says Al Monaco, president and chief executive officer for Enbridge Inc.
May 9, 2022, 10:29 AM MDT
Enbridge Inc.’s joint-venture to develop and market low-carbon hydrogen and ammonia at the Enbridge Ingleside Energy Center near Corpus Christi offers the “pretty novel” concept of exporting decarbonized fossil fuels, says Colin Gruending, executive vice-president and president, liquids pipelines.
May 6, 2022, 12:53 PM MDT
A majority of shareholders have rejected a proposal calling on Enbridge Inc. to strengthen net-zero commitments by year-end 2022 to be consistent with a science-based, net-zero target. The board recommended that shareholders vote against the request at Wednesday’s annual general meeting, saying the company already bases its targets on science.
May 5, 2022, 12 AM MDT
Enerflex Ltd. achieved strong financial results during this year’s first quarter despite increased inflationary and competitive pressures, says executive management.
May 5, 2022, 10:39 AM MDT
At a time when many European nations are trying to secure energy away from Russian sources, Cheniere Energy Inc. is further enabling Canadian natural gas to reach international markets thanks to a newly-announced integrated production marketing (IPM) gas supply agreement with ARC Resources Ltd.
May 4, 2022, 11:24 AM MDT
MEG Energy Corp. achieved record bitumen production of 101,128 bbls/d during the first three months of 2022, which is up 11 per cent from the same timeframe last year, with increased steam utilization and ongoing optimization and recompletion work contributing to strong field-wide production performance.
May 3, 2022, 9:24 AM MDT
Last month, the federal government announced an investment tax credit for carbon capture, utilization and storage (CCUS) projects in Canada. According to MEG Energy Corp.’s Q1 financial and operational results, this announcement is a positive step in the Oilsands Pathways to Net Zero Alliance’s efforts to work collaboratively with governments to help Canada achieve its climate goals, with support from the Alberta government.
May 3, 2022, 9:27 AM MDT
MEG Energy Corp. is “definitely seeing inflationary pressures” as management continues to monitor the inflation situation closely, says chief operating officer Darlene Gates.
May 3, 2022, 1:45 PM MDT
TC Energy Corporation recently responded to an incident about 80 kilometres west of Fox Creek on the NOVA Gas Transmission Ltd. System.
May 3, 2022, 1:25 PM MDT
In terms of Precision Drilling Corporation’s U.S. basin mix for 2022 rig additions, those would probably be more focused towards oil targets and the Permian, says Kevin Neveu, president and chief executive officer.
May 3, 2022, 12 AM MDT
Precision Drilling Corporation reported strong demand for its services in Canada during the first quarter of 2022, with customers extending the winter drilling programs well into the traditional spring breakup period, driving first quarter activity up almost 15 per cent from the same period last year.
May 2, 2022, 12 AM MDT
TC Energy Corporation sees plenty of opportunity to support LNG exporters as the global market increasingly focuses on a balance between energy security with energy transition, suggests president and chief executive officer François Poirier.
May 2, 2022, 11:05 AM MDT
Precision Drilling Corporation placed an order for this year’s drill pipe in August of last year, as the company “just had a bit of a sense of the shortage or tightness,” that would be coming to the market, according to its executive management — and that was before the war in Ukraine.
April 29, 2022, 5:58 AM MDT
Precision Drilling Corporation’s executive management expects that 2022 will be much busier on the geothermal front, and that 2023 probably will be even busier.
April 29, 2022, 8:18 AM MDT