A Prague-based heavy oil technology company which has developed an enhanced oil recovery (EOR) technology it calls Exothermic Chemical Treatment (ECT) pitched its technology in a webinar in Calgary.
September 23, 2020, 8:14 AM MDT
The technology that is being taken to the commercial stage by Calgary-based Carbonova Corp. may sound almost too good to be true, but companies in the concrete-production, auto parts, sports equipment and other sectors that are working with the firm to use the carbon dioxide-sourced material it produces are believers.
September 17, 2020, 7:16 AM MDT
An Acheson, Alberta-based company that was launched by a father and his two sons, none of whom have an engineering background, has grown to become one of the most technologically sophisticated oilfield service companies in the world, with the underlying aim of helping to make the oil and gas industry “safer and smarter.”
September 11, 2020, 10:59 AM MDT
Optimism has been in short supply in 2020. The COVID-19 pandemic and resulting plunge in oil prices has put an already battered Canadian energy industry back into survival mode, with the future looking uncertain.
September 8, 2020, 9:29 AM MDT
Pedro Pereira-Almao is convinced the in-situ bitumen and heavy oil upgrading technology he and his team at the University of Calgary have developed can reduce carbon dioxide emissions by 80 per cent by eliminating the use of steam, while drastically reducing production costs and rendering SAGD technology virtually obsolete.
September 4, 2020, 8:12 AM MDT
Add Total Energy Services Inc. to the long list of Canadian oilfield service companies that were walloped financially by COVID-19, as the company recorded a dramatic decline in revenue in the second quarter of 2020.
August 12, 2020, 9:53 AM MDT
Calgary-based Hifi Engineering Inc., developer of next generation fibre optic sensing technology that provides pipeline leak and stress detection capabilities, would not even exist today were it not for the financing that has launched many successful businesses.
August 11, 2020, 8:45 AM MDT
The digital oilfield is a catchphrase that has come into increasingly common use but, unlike many other companies that use the phrase, Nisku, Alberta-based Latium Technologies, Inc. actually delivers on its potential with some of the biggest names in heavy industry today.
August 6, 2020, 11:05 AM MDT
Canadian oilsands producers have steadily improved their environmental performance from a greenhouse gas emissions (GHG) standpoint, a new study concludes, even though the disruptions caused by COVID-19 have likely halted that progress temporarily.
August 6, 2020, 9:32 AM MDT
MEG Energy Corp., like other Canadian oilsands producers, was hit hard by the COVID-19-related price shock in the second quarter of 2020, but a vigorous hedging initiative, reduced capital spending and across-the-board salary reductions allowed it to contain its financial losses.
July 28, 2020, 8:07 AM MDT
Teck Resources Limited, Canada’s largest diversified mining company, was hit hard by the impact of COVID-19 on its operations in the second quarter, the company said on Thursday, with the producer of steelmaking coal, copper and zinc — and with a presence in the oilsands — recording a loss, as prices for all the commodities it produces declined.
July 23, 2020, 3:13 PM MDT
You’d think Source Energy Services Ltd., Canada’s largest frac sand provider, would have enough of a logistics challenge transporting its northern white sand about 2,100 kilometres by rail from the three mines it owns in Wisconsin.
July 22, 2020, 9:39 AM MDT
Tourmaline Oil Corp.’s president and CEO made it very clear on Tuesday during a webcast conference that natural gas holds out much more hope for his company in the near future than crude, a point echoed by other executives at the event.
July 8, 2020, 12 AM MDT
The development of the new LNG plants in Canada that appear most likely to proceed could create up to 8,300 jobs in the upstream sector, several thousand peak construction jobs, 1,200 or more operations positions and thousands of spin-off jobs in local communities, according to a new report.
June 25, 2020, 7:55 AM MDT
This article continues yesterday’s look at how industry associations are dealing with the fallout from COVID-19. Today’s article reports on some of the smaller industry groups in Calgary.
June 16, 2020, 9:47 AM MDT
Canada’s oilfield service industry is facing “an existential crisis” that threatens its very existence, says the head of an association that represents that sector, but can claim some success in having received direct government help and government loan backing that will allow companies to survive
June 15, 2020, 9:51 AM MDT
The Alberta Carbon Trunk Line (ACTL) will lead to the birth of a new industry in the province, says the head of the company.
June 3, 2020, 6:34 AM MDT
The delayed $10-billion Sturgeon refinery is operating close to capacity, processing about 70 per cent of the bitumen it was designed for, almost three years after its original in-service date.
May 21, 2020, 9:49 AM MDT
Enerplus Corporation, which is focused on North Dakota and Marcellus oil and gas production, managed to do something few producers have pulled off in the first quarter of 2020 — it eked out a profit.
May 8, 2020, 9:57 AM MDT
The good news for Calgary-based Renaissance Oil Corp., which operates exclusively in Mexico, is that it’s receiving far higher prices for its oil and natural gas production in the country than it would if it was operating in Canada or the U.S.
May 6, 2020, 9:55 AM MDT
It was a short and not very sweet annual meeting Tuesday for Calgary-based Wesern Energy Services Corp., held in a virtual formal, given the COVID-19 requirements limiting large gatherings.
April 29, 2020, 7:07 AM MDT
As a native Texan, Bryce Bernhard is used to weathering a few storms, but the storm that has hit Alberta’s oil industry-reliant economy in the last four or five years may not have been quite what he expected when he moved from that state to the province in 2010.
April 29, 2020, 7:54 AM MDT
Brad Peterson readily acknowledges that among the gloom and doom gripping the Canadian energy industry, he’s one of the fortunate ones — and he intends to keep on sharing his good fortune.
April 28, 2020, 12 AM MDT
There’s something comforting about heading a privately-owned oil and gas company and not having to watch your company’s publicly-listed shares drop on an almost daily basis, according to the CEO and president of Calgary-based Velvet Energy Ltd.
April 23, 2020, 6 AM MDT
As a result of reducing operations to a single-train facility at Fort Hills and to minimize negative cash flow, Teck Resources Limited has reduced its planned 2020 capital spending in the energy business unit to $85 million from $175 million.
April 21, 2020, 9:06 AM MDT