Operators continue to fine-tune their development strategies to improve productivity and drive efficiencies in all regions of the Duvernay shale play, a Canadian Society for Unconventional Resources (CSUR) workshop in Calgary heard recently.
June 23, 2022, 6 AM MDT
Duvernay operators continue building their subsurface knowledge of the massive shale resource underlying much of central Alberta, with recent land sales and exploration drilling pushing the boundaries of the play into new areas, a recent Canadian Society for Unconventional Resources (CSUR) workshop in Calgary heard.
June 22, 2022, 6 AM MDT
Higher oil and gas prices, coupled with new players with new development ideas, are driving renewed interest in the Duvernay shale.
June 22, 2022, 10:31 AM MDT
Alberta’s oilsands operators are in it for the long haul, and the current Pathways initiative to manage greenhouse gas emissions from operations will add to the durability of the sector and ensure it remains viable as the world aims towards reaching net zero emissions by 2050, leaders from three large operators told an audience at the Global Energy Show this week.
June 10, 2022, 9:37 AM MDT
It’s going to take a multitude of different technologies to bring down greenhouse gas emissions to meet 2030 Paris climate change commitments and ultimately reach net zero emissions by 2050, representatives from across the energy spectrum told the audience at the Global Energy Show in Calgary Wednesday.
June 9, 2022, 10:04 AM MDT
This month’s infographic looks at licensing, drilling and production trends in the Cardium to get a sense of operator intentions. It also reviews completions technologies, and future technologies and developments that could play a role in revitalizing the play.
May 24, 2022, 6 AM MDT
Unstable and uncertain supply chains resulted in rampant cost inflation for oilfield chemical supply firm CES Energy Solutions Corp. early in the first quarter of 2022, resulting in rapidly declining profit margins, company president and chief executive officer Ken Zinger told shareholders at the company’s quarterly conference call Friday.
May 16, 2022, 9:09 AM MDT
Oilfield service pricing has improved in the last year but rampant cost inflation for materials and labour means margins remain stubbornly flat at unsustainable levels, Trican Well Service Ltd. president and chief executive officer Brad Fedora told analysts at the company’s first quarter conference call Thursday morning.
May 13, 2022, 2:43 PM MDT
With Canada’s energy industry almost fully recovered from the pandemic downturn, LNG export demand should launch the next major phase of natural gas production growth, and with it will come increased liquid production that will need new markets, according to the leaders of three large infrastructure operators.
May 11, 2022, 9:32 AM MDT
With high prices driving record free cash flow, Advantage Energy Ltd. will focus on growing liquids production while paying down debt and buying back shares for the remainder of 2022, company president and chief executive officer Mike Belenkie told shareholders at Advantage’s annual meeting on Thursday.
May 9, 2022, 9:41 AM MDT
Pembina Pipeline Corporation is deferring a planned expansion of its Prince Rupert propane export terminal as current access to strong North American markets meet the needs of its customers, company executives said at the company’s first quarter conference call on Friday.
May 6, 2022, 10:37 AM MDT
Despite high commodity prices and improved operator financials, the Canadian oil and gas sector still presents plenty of good acquisition targets for royalty and energy infrastructure company Topaz Energy Corp., company president and chief executive officer Marty Staples said during Topaz’s 2022 first quarter conference call.
May 5, 2022, 8:44 AM MDT
Gibson Energy Inc. continues adapting its liquids storage, optimization, processing, and gathering operations to keep pace with the energy transition while integrating ESG priorities throughout its operations, company president and chief executive officer Steve Spaulding told analysts at Gibson’s first quarter results conference call Tuesday.
May 4, 2022, 7:45 AM MDT
High commodity prices, combined with increased throughput at Gibson Energy Inc.’s liquids infrastructure business and improved performance at its marketing business resulted in higher revenue and earnings in the first quarter of 2022, the company reported this morning.
May 3, 2022, 9:41 AM MDT
A 71 per cent increase in coal shipments and six per cent increase in petroleum and chemical shipments were major bright spots in Canadian National Railway Company’s first quarter 2022 results, the company reported Tuesday afternoon.
April 28, 2022, 8:36 AM MDT
To learn more about the Clearwater resource play view the Daily Oil Bulletin’s new infographic: Capturing the Clearwater.
April 19, 2022, 6 AM MDT
Cenovus Energy Inc. will spend the next five years hunting down operational efficiencies and pumping up margins from its existing upstream and downstream assets, company president and chief executive officer Alex Pourbaix told the 2022 Scotiabank CAPP Energy Symposium.
April 12, 2022, 6 AM MDT
North American natural gas liquids (NGL) markets are heating up, presenting a wealth of investment opportunities across the value chain, Pembina Pipeline Corporation interim chief financial officer Cameron Goldade told the 2022 Scotiabank CAPP Energy Symposium.
April 8, 2022, 10:40 AM MDT
Energy affordability and security have returned as a major U.S. political issue as prices at the gas pump have jumped due to the ongoing oil supply shortfall and added pressure from sanctions on Russian production.
April 7, 2022, 7:57 AM MDT
The fallout from the Russian invasion of Ukraine has changed the conversation around energy in North America, with security, reliability and affordability now joining climate change as major issues needing to be addressed, Al Monaco, president and chief executive officer, Enbridge Inc., told the 2022 Scotiabank CAPP Energy Symposium on Wednesday.
April 7, 2022, 12:32 PM MDT
Increasing market access through the Trans Mountain pipeline expansion will result in increasing western Canadian heavy oil production for the remainder of the decade, John Coleman, research director for Wood Mackenzie Ltd., told the 2022 Scotiabank CAPP Energy Symposium on Tuesday.
April 6, 2022, 10:50 AM MDT
Canada’s oil and gas industry is well positioned to supply the world with secure, affordable, low-carbon energy, panel members at the Canadian Energy Executive Association’s (CEEA) annual Oil & Gas Beyond Boomers conference in Calgary told a packed house at the Calgary Petroleum Club.
March 23, 2022, 6 AM MDT
Higher oil and gas prices have begun trickling down to increased field activity in North American unconventional resource plays, but for pressure pumping companies challenges remain in regaining financial sustainability, executives from Calfrac Well Services Ltd. told analysts on their 2021 fourth quarter and year-end conference call.
March 17, 2022, 9:07 AM MDT
The war between Russia and Ukraine has Calfrac Well Services Ltd. evaluating options for its Russian division, company president and chief operating officer Lindsay Link told analysts at Calfrac’s 2021 fourth quarter and year-end conference call.
March 17, 2022, 12 AM MDT
Canada’s oil and gas producers are making progress reducing greenhouse gas emissions but reaching their net zero goals while maintaining financial stability is a long-term process that will require collaboration with technology developers, financial markets and governments, attendees at a Daily Oil Bulletin sponsored webinar heard.
March 15, 2022, 9:44 AM MDT