Expect efforts to renegotiate the North American Free Trade Agreement (NAFTA) to fail because of the stark differences in national priorities, says Danielle Smith, a former Alberta opposition leader.
November 24, 2017, 11:04 AM MST
Drilling and service-rig companies need more qualified workers to meet producer demands, but there isn’t enough margin or stability in the industry to lure people back.
November 22, 2017, 9:53 AM MST
While low oil and gas prices are obviously depressing activity levels in Western Canada, regulatory uncertainty is also a major culprit, says a spokesman for drilling and service rig companies.
November 22, 2017, 3:46 AM MST
While oil and gas producers are doing more work with less money, service companies who have deployed expensive state-of-the-art equipment are unable to earn a reasonable return on their investment, reporters heard on Tuesday.
November 22, 2017, 11:07 AM MST
Companies planning to spend heavily on infrastructure need clear guidelines and a transparent regulatory process, says the head of Canada’s largest in-situ oilsands producer.
November 16, 2017, 6 AM MST
When Alex Pourbaix retired from TransCanada Corporation last spring, he didn’t expect to stay in retirement.
November 16, 2017, 3:47 AM MST
ARC Resources Ltd. executives are sometimes asked why they invest in dry natural gas production at Sunrise in northeast British Columbia.
November 15, 2017, 6 AM MST
By adopting a market diversification strategy a few years ago, ARC Resources Ltd. reduced its 2018 exposure to western Canadian natural gas prices to only about 20 per cent of its output, investors heard on Monday.
November 14, 2017, 3:31 AM MST
In a quarter where the benchmark AECO natural gas price averaged $1.46, one producer realized nearly three times that price.
November 10, 2017, 6 AM MST
Encana Corporation reported higher cash flow despite lower production and earnings in the third quarter.
November 8, 2017, 11:34 AM MST
Canadian Natural Resources Limited plans to more than quadruple the percentage of the developed area of its acquired Pelican Lake lands under polymer flooding by year-end 2018.
November 8, 2017, 6 AM MST
Canadian Natural Resources Limited expects AECO natural gas prices in the range of $2 to $3 per gigajoule “for foreseeable future” due to the North American gas glut.
November 7, 2017, 11:43 AM MST
Imperial Oil Limited could be in a position to decide whether to proceed with its first commercial-scale solvent-assisted SAGD project in the first half of next year, says the company’s top boss.
November 2, 2017, 3:36 AM MDT
In an effort to offset natural declines, Imperial Oil Limited plans to resume drilling at its Cold Lake in-situ oilsands project next year.
November 2, 2017, 3:45 AM MDT
Imperial Oil Limited said today it will increase the design capacity of the Kearl oilsands mine to 240,000 bbls a day from the original 220,000 bbls a day over 2018 and 2019.
November 1, 2017, 11:51 AM MDT
The fate of the North American Free Trade Agreement poses the biggest risk to the Canadian economy for 2018, two economists believe.
October 31, 2017, 4:17 AM MDT
With the forward markets heavily discounting Canadian natural gas, GMP FirstEnergy’s Martin King admits his outlook is a bit optimistic.
October 26, 2017, 3:06 AM MDT
Due partly to better cost efficiencies, Husky Energy Inc. has cut its capital spending guidance for 2017 to the $2.2-$2.3 billion range.
October 26, 2017, 11:56 AM MDT
While solvent injection or co-injection with steam is viewed as “the next substantial step” for the oilsands industry to improve efficiency, reduce GHG emissions and increase recovery, the pace of development has been slow “due to a hesitation to push too aggressively, given the capital outlays and uncertainty on the economics,” particularly in current market conditions, according to analysts with Peters & Co Limited.
October 25, 2017, 6 AM MDT
There has been much talk in Alberta about regulatory gridlock and the need for streamlining, and Imperial Oil Limited’s proposed Aspen oilsands project offers an example of just how long the process can drag on.
October 25, 2017, 6 AM MDT
Syncrude Canada Ltd. is seeking approval to infill the remaining section of a creek valley north of the existing Aurora Fort Hills overburden dump and south of the lease boundary with the Fort Hills Energy Limited Partnership.
October 25, 2017, 6 AM MDT
Husky Energy Inc. hopes to do a horizontal low-pressure cyclic steam stimulation (CSS) project at its McMullen Willow Creek property in the central Athabasca oilsands region in north-central Alberta.
October 24, 2017, 7:48 AM MDT
Producers in the Marcellus shale gas play in the U.S. Northeast enjoyed a $3.65-per-boe supply cost advantage over operators in the Montney tight gas play in northeast British Columbia in the second quarter.
October 19, 2017, 12:41 PM MDT
The claim that putting more carbon dioxide in the atmosphere is harming the earth is a complete fraud, a co-founder of the environmental group Greenpeace told the Canadian Heavy Oil Association (CHOA) fall conference on Tuesday.
October 18, 2017, 11:01 AM MDT
Alberta Energy Minister Marg McCuaig-Boyd says uncertainty—including regulatory uncertainty—is deterring investment in Alberta’s energy sector.
October 17, 2017, 4:35 AM MDT