In 2007, Precision Drilling Corporation got all of its revenue from Canadian operations.
July 8, 2016, 10:12 AM MDT
Headlines imply the end of the oil age is just around the corner. Public opinion surveys show many consumers believe humanity will stop consuming oil entirely within a few years.
June 21, 2016, 11:56 AM MDT
Canadian Natural Resources Limited is nearing completion of the multibillion-dollar expansion projects at its Horizon oilsands mine, which will free up cash flow.
June 17, 2016, 6 AM MDT
Permian Basin producers would have to drill 9,000 wells to match the production potential of Canadian Natural Resources Limited’s Horizon project, investors heard on Wednesday.
June 16, 2016, 8:08 AM MDT
Canadian Natural Resources Limited is evaluating seven potential locations for smaller SAGD projects, mostly in Alberta, company executives said.
June 16, 2016, 11:54 AM MDT
Canadian Natural Resources Limited has allocated $50 million to drill an additional 139 oil wells this year.
June 15, 2016, 11:41 AM MDT
A thermal oil pilot aimed at replacing steam with radio frequency heating and solvent is expected to resume downhole work before the end of this year.
June 10, 2016, 8:45 AM MDT
Norwegian oil major Statoil today announced two new oil finds in the deepwater Flemish Pass Basin offshore Newfoundland, bringing to five its total discoveries in the area.
June 10, 2016, 11:50 AM MDT
Alberta’s oilsands industry needs to collaborate with others to develop better technology to adapt to light tight oil competition from the United States and the 100-megatonne-per-year limit on oilsands carbon dioxide emissions in Alberta, says an industry leader.
June 8, 2016, 12:04 PM MDT
MEG Energy Corp. is seeking regulatory approval to pilot a new solvent-based recovery process at its Christina Lake SAGD operations.
June 7, 2016, 8:20 AM MDT
A tiny company’s sole asset will be stranded for several more years if the Newfoundland government accepts the recommendations of its review panel on hydraulic fracturing.
June 6, 2016, 9:43 AM MDT
With the West Texas Intermediate oil price nearing US$50 a bbl, Baytex Energy Corp. has decided to start reactivating shut-in heavy oil wells, shareholders heard on Wednesday.
June 2, 2016, 11:33 AM MDT
Kaisen Energy Corp. will continue to look for appropriate acquisitions after today’s announcement it has agreed to buy Hawk Exploration Ltd. for $16.1 million in cash.
June 1, 2016, 12:07 PM MDT
A Newfoundland government-appointed panel on hydraulic fracturing has recommended the drilling and completing of a pilot well into the oil-prone Green Point shale prospect on the island’s west coast.
May 31, 2016, 11:58 AM MDT
Ontario Premier Kathleen Wynne has effusively praised Alberta’s actions on climate change but dropped none of her conditions for supporting a proposed pipeline to move Alberta oil to New Brunswick.
May 30, 2016, 8:17 AM MDT
U.S. opposition to energy infrastructure may soften due to changes in Washington and Canada, claims a former State Department official.
May 27, 2016, 9:05 AM MDT
While the division of federal and provincial powers isn’t particularly clear in some matters, there’s no ambiguity over pipelines that cross provincial boundaries, a conference heard last week.
May 24, 2016, 11:47 AM MDT
Approval timeframes for the four proposed oil export pipelines from Western Canada range from year’s end for Trans Mountain to never for Keystone XL, a conference heard on Wednesday.
May 19, 2016, 6 AM MDT
While Quebec is often seen as a hard place to get projects approved, British Columbia is even tougher, says a specialist in energy regulation and environmental matters.
May 19, 2016, 6 AM MDT
Crescent Point Energy Corp. will focus more on acquisitions than a return to high dividend payouts as oil prices improve and the company scouts for new assets, particularly in the United States.
May 16, 2016, 6 AM MDT
Penn West Petroleum Ltd. said today it hopes to amend its financial covenants before June 30, which it said would be a key milestone that would allow it to continue to strengthen its balance sheet and pay off debt.
May 16, 2016, 11:56 AM MDT
While many producers were buying less last year, Freehold Royalties Ltd. was revving up its acquisition engine.
May 16, 2016, 6 AM MDT
Amid talk of the AECO natural gas price going to zero, gas-weighted Birchcliff Energy Ltd. boasted record quarterly production for Q1.
May 13, 2016, 6 AM MDT
In recent years much attention has been focused on high-cost, high productivity wells, but Raging River Exploration Inc. has shown it can be successful with low-cost, lower productivity wells.
May 11, 2016, 6 AM MDT
Surge Energy Inc. was breaking even when oil was below US$30 a bbl and is quite profitable at current prices, says its president and chief executive officer.
May 9, 2016, 6 AM MDT