April 4, 2017, 11:56 AM MDT
Cenovus Energy Inc.’s acquisition of full interest in the Narrows Lake oilsands property may provide extra momentum for what could be Alberta’s first commercial deployment of a solvent-based extraction method designed to significantly reduce greenhouse gas emissions.
March 31, 2017, 10:29 AM MDT
ConocoPhillips Company will have a much smaller Canadian footprint following the sale of non-operated oilsands interests and most of its Deep Basin assets to Cenovus Energy Inc.
March 31, 2017, 11:49 AM MDT
Cenovus Energy Inc.’s deal to buy oilsands and Deep Basin assets from ConocoPhillips Company ranks as one of the biggest transactions in Canadian oil and gas history.
March 30, 2017, 11:50 AM MDT
In a resounding vote of confidence in both the oilsands and liquids-rich natural gas, Cenovus Energy Inc. has agreed to pay $17.7 billion for ConocoPhillips Company’s oilsands assets and the majority of ConocoPhillips' s Deep Basin properties in Alberta and British Columbia.
March 30, 2017, 11:41 AM MDT
Federal Finance Minister Bill Morneau says a tax deduction for early-stage oil and gas exploration is being phased out to make tax rules less complex and more efficient, and to reduce fossil fuel “subsidies.”
March 28, 2017, 3:38 AM MDT
Adopting either of several technology configurations could delay “by several decades” the point at which oilsands production will be stalled by the Alberta government’s emissions cap of 100 megatonnes a year.
March 27, 2017, 10:30 AM MDT
While the province is pleased with $30 million in federal funding, which is expected to go toward the remediation of orphan wells, Alberta Energy Minister Marg McCuaig-Boyd said her government is concerned about federal tax changes affecting oil and gas exploration.
March 24, 2017, 3:42 AM MDT
Canada’s oil and gas companies—including small producers—have a bright future as long as they adapt to change and emphasize the positive, says energy economist Peter Tertzakian.
March 24, 2017, 11:52 AM MDT
A tiny British-based company that acquired Ivanhoe Energy Inc.’s partial upgrading technology hopes to build a commercial demonstration plant if an oilsands partner will pay for it.
March 23, 2017, 6 AM MDT
In any solvent-based bitumen extraction process, measures of performance include the amount of solvent required to produce a bbl of bitumen, and the amount of solvent that can be recovered from the reservoir.
March 23, 2017, 6 AM MDT
World oil prices are unlikely to improve much over the next three to six months amid high global inventories and concerns over rising U.S. production, says a senior oilfield services analyst.
March 17, 2017, 6 AM MDT
Penn West Petroleum Ltd. last year narrowed its net loss, booked its first Cardium waterflood reserves and de-booked thermal bitumen reserves as its Peace River oilsands focus shifted to cold production.
March 15, 2017, 11:48 AM MDT
Cenovus Energy Inc. is seeking regulatory approval to inject natural gas into a vertical well to re-pressure the gas cap at three SAGD well pads.
March 15, 2017, 6 AM MDT
Most of the highly skilled and experienced field personnel have been rehired and it will take time to recruit and train new personnel as activity levels continue to rise, says a service company CEO.
March 10, 2017, 4:58 AM MST
Athabasca Oil Corporation had a net loss of $779.4 million in the fourth quarter and $936.7 million for the full year 2016.
March 10, 2017, 12 PM MST
Startup producer Blackbird Energy Inc. expects its first facility to start operating on Friday, allowing the company to begin production.
March 9, 2017, 6 AM MST
Service companies need a sustained recovery in activity levels in the second half of 2017 to return pricing for oilfield services to more sustainable levels, says the president of Total Energy Services Inc.
March 8, 2017, 11:05 AM MST
Thanks to higher oil prices and a successful ramp-up of its Horizon oilsands mining and upgrading operation, Canadian Natural Resources Limited reported a $566 million profit for the fourth quarter, up from $131 million in the same period last year.
March 2, 2017, 11:49 AM MST
Oil and gas producers and service companies can benefit from digital solutions ranging from pipeline leak detection to avoiding cost overruns and delays on capital projects.
March 2, 2017, 3:45 AM MST
Cenovus Energy Inc. is seeking Alberta Energy Regulator (AER) approval to briefly increase the maximum operating pressure on a well pad where it is having trouble clearing the wellbore of condensed steam during startup.
February 28, 2017, 11:13 AM MST
Exxon Mobil Corporation says it has been exempted from the disclosure requirements of National Instrument 51-101–Standards of Disclosure for Oil and Gas Activities (NI 51-101).
February 28, 2017, 10:12 AM MST
Don’t call Royal Dutch Shell plc a quitter.
February 27, 2017, 11:48 AM MST
Husky Energy Inc. reported net earnings of $186 million for the fourth quarter versus a loss of $69 million in the corresponding 2015 period.
February 24, 2017, 11:37 AM MST
Although it’s early days, water injection into the Viking formation in Saskatchewan seems to be working well for Raging River Exploration Inc. which expects better recovery factors than achieved by earlier waterfloods in the same formation.
February 24, 2017, 3:07 AM MST