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
Tourmaline Oil Corp. was the top operator in 2023, excluding experimental/test wells, based on metres drilled.
January 30, 2024, 6 AM MST
Securing and nurturing a qualified, sustainability-ready workforce is more crucial than ever amid the dynamic changes in the oil and gas industry.
January 30, 2024, 9:30 AM MST
Almost 50 years after Canadian Hunter Exploration drilled the first Deep Basin natural gas discovery well in 1976 at Elmworth, exploration and development activity remains strong.
January 26, 2024, 12 AM MST
Operators across Canada drilled fewer wells in 2023 compared to the prior year, with rig release counts down in Alberta, Saskatchewan and Manitoba.
January 25, 2024, 12 AM MST
Woodside Energy Group Ltd. says it completed a transaction bringing Paramount Resources Ltd. into the Liard field in British Columbia.
January 24, 2024, 12 AM MST
Oil demand growth is projected to ease from 2.3 million bbls/d in 2023 to 1.2 million bbls/d in 2024, as macroeconomic headwinds, tighter efficiency standards and an expanding EV fleet “compound the baseline effect,” the International Energy Agency (IEA) stated in its first oil market update of 2024.
January 18, 2024, 12 AM MST
Canadian supply rose by a further 200,000 bbls/d month-on-month in November, matching the previous high of 6.1 million bbls/d, after October data was revised upwards by 150,000 bbls/d, based on government data, the International Energy Agency (IEA) reported in its January update on the oil market.
January 18, 2024, 12 AM MST
The DOB has published the December edition of the On The Move newsletter.
January 18, 2024, 9:02 AM MST
Governments authorized a total of 7,365 new wells in 2023, up two per cent compared with 7,202 permits the prior year.
January 17, 2024, 12 AM MST
Although 2023 was a solid year in general for Canadian heavy oil producers and Western Canadian Select (WCS) realized prices, differentials between WCS and North American benchmark West Texas Intermediate (WTI) have followed their usual volatile path.
January 16, 2024, 7:09 AM MST
A new course will help organizations understand supply chain complexity and conduct risk assessment allowing them to implement sustainable practices into operations.
January 15, 2024, 7:47 AM MST
A strong start to drilling activity in the first few months of 2023 helped to boost the 12-month average above the prior year’s rate.
January 5, 2024, 10:24 AM MST
There were 218 rigs at work this morning across Western Canada, reported Rig Locator.
January 5, 2024, 11:29 AM MST
Operators across the country rig released 5,004 wells in the first 11 months of 2023, excluding experimental wells, a five-per-cent decline from 5,276 wells drilled in the comparable period last year.
December 18, 2023, 12 AM MST
The DOB has published the November edition of the On The Move newsletter.
December 15, 2023, 9:19 AM MST
Current fundamentals for Canadian energy sector growth are strong, according to Mark Scholz, president and chief executive officer, Canadian Association of Energy Contractors (CAOEC).
December 13, 2023, 9:38 AM MST
A spate of oilsands evaluation permits in November resulted in a monthly high for permitting this year.
December 8, 2023, 10:52 AM MST
There were 195 rigs at work today, down seven from last Friday, as reported by Rig Locator.
December 8, 2023, 11:29 AM MST
The federal government announced this morning a proposal to cap 2030 emissions from the oil and gas sector at 35 to 38 per cent below 2019 levels, while providing “compliance flexibilities” to emit up to a level about 20 to 23 per cent below 2019 levels, through a cap-and-trade system.
December 7, 2023, 8:12 AM MST
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