The Alberta government through an Emissions Reduction Alberta (ERA) funding competition is investing $33.7 million in 13 projects focused on technologies.
March 28, 2024, 11 AM MDT
In the U.S., natural gas producers expect a major demand boost for the remainder of the decade they hope will return prices to more sustainable levels and allow them to boost production.
March 28, 2024, 6 AM MDT
An increase in drilling bitumen wells in Alberta and gas wells in British Columbia led to a year-over-year lift in rig releases during February.
March 26, 2024, 12 AM MDT
A cluster of high-priced licence parcels drove the majority of spending at Alberta’s land sale on Wednesday.
March 21, 2024, 4:26 AM MDT
Crescent Point Energy Corp. announced today that it intends to change its name to Veren Inc.
March 20, 2024, 10:14 AM MDT
The DOB has published the February edition of the On The Move newsletter.
March 18, 2024, 6 AM MDT
Global oil demand is forecast to rise by a higher-than-expected 1.7 million bbls/d in Q1 2024 on an improved outlook for the United States and increased bunkering, the International Energy Agency (IEA) forecasts in its latest oil market report.
March 14, 2024, 12 AM MDT
For 2024, Canadian oil supply is forecast to grow by 160,000 bbls/d to an annual high of six million bbls/d, according to the International Energy Agency’s (IEA) latest oil market report.
March 14, 2024, 12 AM MDT
The Canadian Association of Petroleum Producers (CAPP) is forecasting capital expenditures for the upstream oil and gas sector will reach $40.6 billion in 2024, rising slightly from an estimated investment of $39 billion for 2023.
March 12, 2024, 10:29 AM MDT
The pace of gas well licensing has declined across Western Canada compared to last year as producers review their capital spending plans along with the timing of drilling gas wells due to low prices.
March 11, 2024, 12 AM MDT
The Alberta government raked in $52.14 million at its March 6 land sale, powered by parcels in the oilsands auction.
March 7, 2024, 12 AM MST
The active rate for drilling rigs in Western Canada was steady in the range of low-to-mid 60 per cent during February, according to Rig Locator.
March 1, 2024, 10:45 AM MST
The decision of U.S. President Joe Biden to pause approval of new LNG export licences is an opportunity for Canada as it prepares to start exporting the fuel, according to Alberta Premier Danielle Smith.
February 27, 2024, 12 AM MST
With changes to planning and mitigation measures for energy companies working in Treaty 8 territory in northeast B.C. to take effect on April 15, 2024, the British Columbia Energy Regulator (BCER) has announced an online info session for industry professionals.
February 27, 2024, 10:54 AM MST
Drilling activity was busier this January in British Columbia and Saskatchewan, compared to a year ago, but there was a double-digit percentage decrease in Alberta’s well count and meterage tally.
February 16, 2024, 12 AM MST
TC Energy Corporation reported total segmented earnings of approximately $6.14 billion in 2023, up from $3.63 billion in 2022, with earnings up across its infrastructure portfolio.
February 16, 2024, 9:49 AM MST
Global oil demand growth is “losing momentum,” reported the International Energy Agency (IEA) with annual gains easing from 2.8 million bbls/d in Q3 2023 to 1.8 million bbls/d in Q4.
February 15, 2024, 4:20 AM MST
Canadian output in January fell by an estimated 360,000 bbls/d to 5.9 million bbls/d, reported the International Energy Agency (IEA), as an Arctic freeze affected operations across Alberta.
February 15, 2024, 4:32 AM MST
Birchcliff Energy Ltd.’s F&D capital expenditures were $304.6 million in 2023, including $58.2 million in the fourth quarter.
February 15, 2024, 6:40 AM MST
Birchcliff Energy Ltd. reported flat production in 2023, but low natural gas prices negatively impacted financial performance.
February 15, 2024, 6:44 AM MST
The DOB has published the January edition of the On The Move newsletter.
February 14, 2024, 12 AM MST
Operators across Canada licensed 721 wells in January, down from 833 a year ago, as a decline in permitting in Alberta offset slight increases in Saskatchewan and Manitoba counts.
February 9, 2024, 12 AM MST
The Montney formation dominated gas drilling in 2023, representing almost two-thirds of wells drilled.
February 8, 2024, 12 AM MST
Precision Drilling Corporation was the top drilling contractor during 2023, based on wells rig released and meterage, followed by Ensign Drilling Inc.
February 2, 2024, 12 AM MST
The active rate in Western Canada was steady in the 60 per cent range during January, above last year’s rate, although there were a number of deleted rigs at the end of 2023.
February 1, 2024, 7:45 AM MST
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