The report provides 2024 forecasts for capital spending, drilling and production for companies headquartered in Canada and the U.S. The latest report focuses on updates announced Nov. 1-10, 2023.
November 23, 2023, 6 AM MST
Operators across Canada rig released 4,535 wells in the first 10 months of 2023, excluding experimental wells, a five per cent decrease from 4,757 wells drilled in the comparable period last year.
November 20, 2023, 12 AM MST
A Call for Proposals is now open for the Critical Minerals Infrastructure Fund (CMIF) through the federal government.
November 20, 2023, 2:51 PM MST
The Daily Oil Bulletin has published the October edition of the On The Move newsletter.
November 16, 2023, 9:27 AM MST
Operators across the country licensed 627 new wells in October, down slightly from 656 a year ago.
November 15, 2023, 12 AM MST
Chinese oil demand rose to another record high of 17.1 million bbls/d in September, underpinning global growth, noted the International Energy Agency (IEA) in its Monthly Oil Report.
November 14, 2023, 12 AM MST
Canadian oil supply rebounded in October.
November 14, 2023, 12 AM MST
OPEC+ production cuts have led to a surge in sour-heavy crude oil prices globally, resulting in a nearly twofold increase in Canadian heavy oil exports from the Gulf Coast.
November 9, 2023, 8:11 AM MST
Members of the Canadian Association of Energy Contractors (CAOEC) booked 46,178 operating days in the first nine months of 2023, up two per cent from 45,214 operating days in the comparable period last year, Rig Locator records show.
November 2, 2023, 12 AM MDT
Mark Little has been appointed to the board of directors at General Fusion.
November 1, 2023, 6 AM MDT
Tourmaline Oil Corp. was the top operator across the basin during the first nine months of 2023 based on metres drilled, including experimental/test wells.
October 30, 2023, 12 AM MDT
Across Canada, excluding experimental wells, a total of 4,028 wells were drilled in the first nine months of 2023, down two per cent from 4,115 wells rig released in January-September 2022, despite a year-over-year boost in drilling activity in British Columbia.
October 27, 2023, 12 AM MDT
PrairieSky Royalty Ltd. reported 246 wells spud on its royalty properties in Q3, including 238 oil wells with activity focused in the Clearwater, Mannville Stack and Viking plays.
October 26, 2023, 12 AM MDT
Three former senior employees with the Alberta Energy Regulator will share essential insights, tips, and tactics to guide energy deals through Canada’s oil and gas regulatory process in a new course.
October 25, 2023, 6:44 AM MDT
Alberta’s land sale on Wednesday brought $16.29 million into government coffers.
October 19, 2023, 9:59 AM MDT
The Daily Oil Bulletin has published the September edition of the On The Move newsletter.
October 18, 2023, 10:21 AM MDT
Selecting the right equipment that meets or exceeds required emissions management standards and using it correctly to mitigate emissions is the focus of a new course for the oil and gas industry.
October 17, 2023, 7:03 AM MDT
Tourmaline Oil Corp. announced this morning a $1.45-billion deal to acquire Bonavista Energy Corporation, in a move that bolsters its existing Deep Basin assets.
October 16, 2023, 6:28 AM MDT
Selecting the right equipment that meets or exceeds required emissions management standards and using it correctly to mitigate emissions is the focus of a new course for the oil and gas industry.
October 16, 2023, 12 AM MDT
Lisa Baiton, president and CEO of the Canadian Association of Petroleum Producers (CAPP), said the group was reviewing the Supreme Court decision that the federal government had over-reached its authority by making the scope of its environmental assessment process too broad and including, or "designating," major projects that typically fall under provincial jurisdiction.
October 13, 2023, 10:01 AM MDT
Operators across Canada continue to throttle back on the overall pace of new well licensing compared to last year, although permitting levels in British Columbia remain a bright spot for industry.
October 13, 2023, 12 AM MDT
Selecting the right equipment that meets or exceeds required emissions management standards and using it correctly to mitigate emissions is the focus of a new course for the oil and gas industry.
October 13, 2023, 7:44 AM MDT
World oil output rose 270,000 bbls/d in September to 101.6 million bbls/d, led by higher production from Nigeria and Kazakhstan, the International Energy Agency (IEA) reported this morning in its October report on the oil market.
October 12, 2023, 12 AM MDT
Canadian oil supply was fairly steady, estimated to have declined by 20,000 bbls/d to 5.5 million bbls/d in September as losses from Suncor Energy Inc.’s maintenance program steepened along with its U2 upgrader and in-situ assets undergoing work, the International Energy Agency (IEA) noted in its October report on the oil market.
October 12, 2023, 12 AM MDT
Canada’s oil supply rose by an estimated 190,000 bbls/d month-on-month in July to 5.7 million bbls/d, primarily due to bitumen mining and upgrader output increases, says the International Energy Agency (IEA).
October 12, 2023, 7:48 AM MDT
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