B.C. Montney operators increased natural gas production over the last two years despite uncertainty from the Blueberry River First Nations (BRFN) licensing delay, a royalty review and update, and a growing provincial focus on emissions reduction.
April 3, 2023, 5:21 AM MDT
Spartan Delta Corp. doubled production in the 19 months it operated the Montney assets sold to Crescent Point Energy Corp. in the $1.7 billion deal announced yesterday.
March 29, 2023, 11:06 AM MDT
As the well count rises in the Clearwater heavy oil play in northern Alberta the long-term potential to increase and then maintain production for decades is becoming more apparent.
March 29, 2023, 6 AM MDT
Saskatchewan’s government remains confident of future oil demand, with a priority on rebuilding production to 600,000 bbls/d to help meet that demand, Energy And Resources Minister Jim Reiter said at the Canadian Association of Energy Contractors (CAOEC) annual luncheon last week.
March 29, 2023, 10:26 AM MDT
Crescent Point Energy Corp. will use the knowledge gained developing its adjacent Kaybob Duvernay condensate play to improve operational performance and potentially grow its new Montney assets acquired from Spartan Delta Corp., company president and chief executive officer Craig Bryksa told analysts at a conference call this morning discussing the deal.
March 28, 2023, 9:45 AM MDT
Higher commodity prices the last year have lifted the fortunes of conventional oil and gas producers and their oilfield service company partners in the last year but meeting demand for skilled workers remains difficult, Canadian Association of Energy Contractors (CAOEC) president and chief executive officer Mark Scholz said at the association’s annual luncheon in Calgary on Friday.
March 27, 2023, 10:33 AM MDT
Two lawsuits claiming the Alberta government has allowed unfettered industrial development on traditional lands, resulting in First Nations being unable to exercise their treaty rights, are beginning to advance through the court system.
March 23, 2023, 6 AM MDT
Oil prices need to rise substantially for North American operators to start exploring, drill lower quality resources and put money in longer cycle projects, the audience at the annual Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition, heard.
March 21, 2023, 8:21 AM MDT
A lack of investment in increasing oil and gas supply, combined with delays in building out renewable energy supply chains, are putting the world at risk of an energy crisis in the next decade, a panel of financial experts and oil and gas leaders said at the Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition.
March 21, 2023, 12 AM MDT
Canadian policymakers need to better understand the environmental and economic trade-offs involved when evaluating different energy systems, speakers at the annual Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition said.
March 20, 2023, 8:45 AM MDT
Despite the effort to quickly transition away from hydrocarbons to meet net zero emissions targets, oil and gas will remain the foundation of global energy supply in 2050.
March 17, 2023, 12 AM MDT
Canadians and their governments need to step back and have a rational discussion on what role the country should play in meeting increasing global energy demand while helping address climate change, said Chris Slubicki, former chief executive officer and president of Modern Energy, at the annual Society of Petroleum Engineers (SPE) Canadian Energy Technology Conference and Exhibition.
March 17, 2023, 7:28 AM MDT
Saskatchewan’s heavy oilfields surrounding Lloydminster and Kindersley continue seeing incremental production growth as operators bring on new thermal wells, drill multilateral development wells, and expand into new areas.
March 16, 2023, 12 AM MDT
Production in the Viking and Shaunavon tight oil plays in western Saskatchewan is down 29 per cent and 27.5 per cent, respectively, from 2018 highs. Neither area has recovered from the pandemic of 2020, but the rate of decline is leveling off.
March 15, 2023, 12 AM MDT
Southeast Saskatchewan operators have shifted activity from unconventional targets in the Bakken/Torquay to the conventional Frobisher Beds as the use of extended reach horizontal drilling and multilateral well design increased well productivity.
March 14, 2023, 12 AM MDT
Saskatchewan’s oilpatch was hit hard by the COVID-19 pandemic and subsequent oil price crash in early 2020, with production declining by almost 70,000 bbls/d by year-end as wells were shut-in and field activity collapsed.
March 13, 2023, 12 AM MDT
Canada’s LNG operators are positioning themselves to be preferred suppliers of low-emissions, socially responsible LNG to global markets, but right now those premium markets for green LNG don’t exist, industry leaders told the Gas Processing Association of Canada (GPAC) breakfast forum in Calgary.
March 13, 2023, 12 AM MDT
The war in Ukraine and subsequent restrictions on Russian exports has disrupted global natural gas markets, creating yet another entry point for Canada to build out its LNG industry and meet growing demand for safe, secure energy supply, three panelists told the Gas Processing Association of Canada (GPAC) forum in Calgary this week.
March 10, 2023, 6:04 AM MST
Ensuring everyone benefits from LNG development in B.C. is a priority for the companies currently involved in planning and constructing projects, leaders from three companies told the Gas Processing Association of Canada (GPAC) breakfast forum in Calgary.
March 10, 2023, 8:28 AM MST
The way the B.C. government is interpreting the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) is reversing generations of progress on advancing Aboriginal sovereignty and economic development, Ellis Ross, a Liberal MLA and former chief councillor for the Haisla Nation, told the Indian Resource Council (IRC) Economic and Energy Reconciliation conference in Calgary last week.
March 7, 2023, 12 AM MST
There has been a resurgence of activity targeting development in the Montney oil window.
March 6, 2023, 8:34 AM MST
Putting in upfront effort and working with First Nations prior to proposing oil and gas projects on Indigenous traditional lands can help avoid headaches down the road, Indigenous leaders said at the Indian Resource Council (IRC) Economic and Energy Reconciliation conference in Calgary last week.
March 6, 2023, 6 AM MST
First Nations are making progress in protecting their treaty rights while building capacity to participate in energy resource development on their traditional lands, Indigenous leaders said at the Indian Resource Council (IRC) Economic and Energy Reconciliation conference in Calgary last week.
March 6, 2023, 7:25 AM MST
Current efforts to reach net zero through emissions reductions are doomed to failure unless global leadership develop plans that address energy security and affordability issues at the same time, Brad Hayes, president of Petrel Robertson Consulting Ltd. and a director for the Canadian Society for Evolving Energy (CSEE), told the audience of executives and young professionals the Canadian Energy Executive Association’s (CEEA) Beyond Boomers event.
March 6, 2023, 12 AM MST
Alberta’s massive natural gas resource, combined with carbon capture, use and storage (CCUS), could fuel an expanded LNG export industry off the West Coast while providing opportunity to grow manufacturing and other industrial development at home, Premier Danielle Smith told the audience at the Canadian Energy Executive Association’s (CEEA) Beyond Boomers event in Calgary.
March 3, 2023, 7:32 AM MST
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