Although most of Canada’s 20 or so liquefied natural gas projects continue to be proposed, their prospects of reaching a final investment decision are dimming as low gas prices and weakening markets persist.
August 25, 2016, 6 AM MDT
Canyon Services Group Inc. says a lot of people have left the services industry because of the transition to variable pay and lack of work, but it is seeing signs that producers are hoping to get busier.
August 8, 2016, 8:10 AM MDT
In situ oilsands assets, the North Sea and the East Coast of Canada are on Suncor Energy Inc.’s radar screen for possible acquisitions, the company’s second-quarter conference call heard.
July 29, 2016, 10:33 AM MDT
The forest fires that raged through the Fort McMurray area during the month of May tested Suncor Energy Inc.’s mettle on many fronts, resulting in a one-time reduction in production and cash flow and cutting oilsands production by approximately 20 million bbls, a second-quarter conference call heard this morning.
July 28, 2016, 10:48 AM MDT
Commodity prices are still well below previous highs but have improved significantly since hitting 10-year lows in the first quarter of 2016, so while the North American drilling rig counts appear to have bottomed out, Western Energy Services Corp. expects to be busier in the second half of 2016 than it was a year prior.
July 27, 2016, 11:41 AM MDT
Reeling from low commodity prices and cost pressures, ConocoPhillips Canada will lay off another 250 to 300 workers by the end of September, the company revealed quietly last week.
July 25, 2016, 9:15 AM MDT
Nexen Energy ULC says it is implementing changes to how it builds and operates its pipelines after an investigation revealed a rupture that spilled an estimated 31,500 bbls of emulsion was the result of using an incompatible pipeline design for the muskeg ground conditions.
July 13, 2016, 9:11 AM MDT
The Calgary Stampede’s grandstand show has a new feature this year, designed to illustrate the safety and efficiency of Alberta’s primary industry.
July 8, 2016, 7 AM MDT
There are plenty of opportunities for oilsands companies to make acquisitions and sellers are getting more realistic about asking prices, a recent energy conference heard.
July 7, 2016, 11:53 AM MDT
MEG Energy Corp. says low decline rates and low sustaining capital enable the company to maintain and grow production even with low oil prices.
June 29, 2016, 10:51 AM MDT
Marquee Energy Ltd. says if it can access capital, it will work on a waterflood project and resume drilling in its core area of Michichi this summer, the company’s annual general meeting heard last week.
June 28, 2016, 9:42 AM MDT
After divesting of more than $1 billion in assets so far this year, Penn West Petroleum Ltd. still has 20,000 boe of production to sell but says the Alberta Energy Regulator’s (AER) recent reaction to the RedWater Energy Corp.court ruling has put those transactions at risk.
June 24, 2016, 11:12 AM MDT
Enerplus Corporation says if pricing expectations continue it will boost capital spending in the next couple of years and possibly this year, the company said during its investor day this week.
June 23, 2016, 6 AM MDT
Service companies are trying everything they can to stay afloat financially and to keep highly skilled workers during the current downturn, including resorting to a variable pay model, sometimes called the “mercenary style” of pay, so that employees are on hand when activity picks up again.
June 21, 2016, 6 AM MDT
Cequence Energy Ltd. has shut in 4,000 boe per day of marginal to uneconomic production, up from 2,000 boe during the first quarter, while it awaits higher commodity prices that are expected to rise in the fourth quarter, the company’s annual general meeting heard.
June 15, 2016, 11:12 AM MDT
NuVista Energy Ltd. has increased spending plans for 2016 to between $165 million and $175 million, is selling its W6 Deep Basin non-Montney asset and announced the placement of senior unsecured notes.
June 14, 2016, 11:01 AM MDT
Canada’s oil and gas sector can learn something from Tesla as it seeks to define its role in the age of energy transformation, a forum on low-carbon innovation heard this week.
June 9, 2016, 6 AM MDT
Leucrotta Exploration Inc. says it will probably drill one $1.5 million vertical well in July and a $3.8 million horizontal delineation well in October in the Mica area of northeast British Columbia’s Lower Montney, the company’s annual meeting heard this week.
June 7, 2016, 11:01 AM MDT
Canada’s federal government and other officials are getting the message that the oil and gas industry is vital to the country’s economy, that getting its product to new markets via pipelines is critical and that hydraulic fracturing is safe, says an industry leader.
June 2, 2016, 11:12 AM MDT
Pengrowth Energy Corporation has received regulatory approval to build the Lindbergh SAGD expansion project, which will take bitumen production to 30,000 bbls per day from Phase 1’s current capacity of 12,500 bbls per day.
June 1, 2016, 10:04 AM MDT
Plains Midstream Canada’s US$140 million train loading facility at Kerrobert, Saskatchewan which began operations this past winter, is shutting down on a temporary basis.
May 30, 2016, 11:32 AM MDT
Based on increased bidding activity, Savanna Energy Services Corp. is starting to see signals of recovery in Canada and the Permian Basin of the United States, the company’s annual meeting heard.
May 27, 2016, 11:47 AM MDT
RMP Energy Inc. is expanding its Montney drilling inventory in its Gold Creek area by buying 20 sections (12,800 acres) of 100 per cent working interest acreage and infrastructure from Chinook Energy Inc. and its partner for about $10 million.
May 26, 2016, 9:41 AM MDT
The Québec government’s new energy policy provides for a transition away from the use of fossil fuels in general while acknowledging the importance of the oil and gas industry and its place in the province.
May 24, 2016, 9:45 AM MDT
Although the commodity price environment continues to be weak, the project economics at West Septimus and Septimus in British Columbia’s Montney play remain compelling, supported by continued cost reductions, particularly on completions and improved pricing through diversified markets, says Crew Energy Inc.
May 24, 2016, 8:12 AM MDT
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