Whitecap Resources Inc. has bulked-up its Montney asset base and gained entry into the Duvernay after announcing Tuesday it will acquire XTO Energy Canada for approximately $1.9 billion in cash and the assumption of estimated positive working capital on closing, resulting in net purchase price of $1.7 billion.
June 29, 2022, 10:54 AM MDT
There was a “sharp bounce back” in global primary energy in 2021, increasing by almost six per cent and “more than reversing” the sharp fall in energy consumption in 2020 as much of the world locked down, says BP chief economist Spencer Dale.
June 28, 2022, 9:58 AM MDT
The lithium industry in Western Canada patiently awaits the release of additional regulations and directives to determine whether “its concerns will be addressed” and how the lithium industry “will rank in priority” among other subsurface participants, says a leading legal expert.
June 24, 2022, 12 AM MDT
Canada’s goal of achieving net zero by 2050 “hinges on private sector investment” to finance and build an “unprecedented amount” of major infrastructure projects in record time, says Monica Gattinger, chair of the University of Ottawa’s Positive Energy initiative.
June 16, 2022, 10:02 AM MDT
TC Energy Corporation officials are confident that the company can achieve its climate goals of reducing carbon intensity by 30 per cent by 2030 while further positioning operations to be net zero by 2050.
June 15, 2022, 12 AM MDT
The emerging global energy transition offers TC Energy Corporation vast opportunity and will be a “catalyst for growth” for the company, says president and chief executive officer François Poirier.
June 14, 2022, 11:08 AM MDT
A strong public engagement and awareness campaign to explain the uses, benefits and safety of hydrogen will be essential as the emerging energy source advances as a commercially viable component of Canada’s energy mix, panelists said during a recent webinar called Hydrogen in the Canadian Economy.
June 7, 2022, 12 AM MDT
Suncor Energy Inc. says a sanction decision on a large-scale clean hydrogen project proposed with its joint venture partner ATCO Ltd. for the Alberta Industrial Heartland area near Fort Saskatchewan remains on track to be announced in 2024.
June 6, 2022, 9:07 AM MDT
Capitalizing on its no hedging strategy and a sustained high commodity price environment, natural gas-weighted Birchcliff Energy Ltd.’s top executive expects the company to be debt free by sometime in September and have a cash surplus of $260-$280 million by year-end.
June 1, 2022, 12 AM MDT
The number of new Alberta natural gas wells placed on production in 2021 increased by 34 per cent year-over-year to 789 as strong prices and increased demand resulted in a solid growth in capital spending on natural gas and liquids-rich targets, says the Alberta Energy Regulator (AER).
June 1, 2022, 12 AM MDT
The Alberta Energy Regulator (AER) says demand for diluents means pentanes-plus production is projected to grow over a forecast period to 2031, reaching a high of 483,000 bbls/d by 2031 as producers continue targeting the liquids-rich Montney, Upper Mannville and Duvernay formations.
June 1, 2022, 7:27 AM MDT
After encountering significant challenges due to the global COVID-19 pandemic in 2020, the oil and gas industry in Alberta rebounded in 2021 and that momentum will continue this year, says the Alberta Energy Regulator (AER) in its ST98: Alberta Energy Outlook released Monday.
May 31, 2022, 4:41 AM MDT
Based on the oil price forecast, the Alberta Energy Regulator (AER) says total crude oil production in the province is expected to increase to 519,800 bbls/d by 2025 from 437,700 bbls/d in 2021 as the number of new wells placed on production “remains relatively high” over the medium term.
May 31, 2022, 10:18 AM MDT
Government regulations and policies designed to spur on low-carbon hydrogen fuel demand and production are required as part of Canada’s evolving hydrogen strategy, attendees of the Hydrogen in the Canadian Economy webinar heard last week.
May 30, 2022, 6 AM MDT
As crude oil and liquids prices remain strong, activity in the Cardium play in central Alberta continues to show signs of rebounding from a slowdown in recent years.
May 25, 2022, 4:30 AM MDT
As CEO of the Canadian LNG Alliance, Bryan Cox is obviously, by job description alone, an advocate for the liquefied natural gas (LNG) industry in Canada.
May 17, 2022, 8:10 AM MDT
Like virtually all of its western Canadian E&P brethren, Peyto Exploration & Development Corp. is increasingly feeling the pinch of inflationary pressures in most aspects of its operations.
May 13, 2022, 12 AM MDT
While nothing is on the front burner, Peyto Exploration & Development Corp. feels confident it could meet the requirements and contribute natural gas via a long-term contract to a U.S. Gulf Coast LNG project in a similar agreement as what two of its competitors have recently entered into.
May 12, 2022, 2:52 PM MDT
An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.
May 12, 2022, 11:19 AM MDT
With improved first quarter operational and financial results and continued demand growth, Suncor Energy Inc. expects improved results from its downstream segment over the remainder of the year.
May 11, 2022, 10:11 AM MDT
Although Suncor Energy Inc.’s Q1 output was down slightly year-over-year, the company’s financial results were improved and returns to shareholders boosted on the backs of the company’s integrated business model and continued commodity price strength, says president and CEO Mark Little.
May 10, 2022, 9:46 AM MDT
In his first public comment regarding Elliott Investment Management L.P.’s call for a series of changes to Suncor Energy Inc.’s board, management and operations, the company’s top executive said he’s hopeful that pending discussions between the two sides will prove productive.
May 10, 2022, 2:14 PM MDT
In alignment with its strategy to maximize value through its core business, Suncor Energy Inc. continues to take steps to optimize its asset portfolio through planned overseas divestments.
May 10, 2022, 3:46 PM MDT
ARC Resources Ltd.’s management group says the company’s agreement announced this week to supply natural gas for Cheniere Energy, Inc.’s Corpus Christi Stage III LNG project further enhances its already robust efforts to diversify its end markets.
May 6, 2022, 10:59 AM MDT
ARC Resources Ltd.’s May 2021 acquisition of Seven Generations Energy Ltd. continues to pay off as the company was able to push production levels, free cash flow generation and returns to shareholders higher in the first quarter.
May 6, 2022, 9:48 AM MDT