Birchcliff Energy Ltd.’s natural gas market diversification strategy was largely born as a result of the changing landscape of western Canadian natural gas production and increased volatility of AECO pricing says Chris Carlsen, company president.
January 18, 2023, 6 AM MST
ARC Resources Ltd.’s natural gas market diversification efforts continue to pay off as the company avoids much of the volatility of AECO while extending its reach into U.S.-based selling hubs.
January 17, 2023, 7:08 AM MST
The Pathways Alliance is hopeful that an “out-of-this-world technology” could help the oilsands appreciably lower CO2 emissions via the increased use of solvents, which the group says could have the potential to reduce — or eliminate — the need for energy-intensive steam generation in steam assisted gravity drainage (SAGD) operations.
January 12, 2023, 10:01 AM MST
The recently-retired top executive of Peyto Exploration & Development Corp. witnessed his fair share of game-changing technologies and industry-altering political decisions over his two decade career with the company, but was the advancement of drilling and completion technology the most profound?
January 10, 2023, 12 AM MST
After more than 21 years with Peyto Exploration & Development Corp. — including 15 as the company’s top executive — now retired Darren Gee handed over the reins to JP Lachance as 2022 came to a close, confident that the time was right and the succession plan had been ideally executed for the transition to be successful.
January 9, 2023, 6 AM MST
Citing progress being made in negotiations between the Blueberry River First Nations and the government of British Columbia, Vermilion Energy Inc. says it will optimize 2023 capital allocation by deferring Alberta investment and focus on B.C. to enhance return on capital.
January 6, 2023, 10:46 AM MST
The Pathways Alliance announced this morning that it has entered into a carbon sequestration evaluation agreement with the Government of Alberta, a move forward that the group’s president calls “another significant milestone on the road to finalizing plans for our proposed CCS project in northeastern Alberta.”
January 4, 2023, 11:12 AM MST
Capital discipline will remain a theme and a somewhat stingy merger and acquisition (M&A) market in Western Canada could open up slightly in the coming months, a recent survey of Canadian oil and gas executives found.
December 16, 2022, 6:45 AM MST
A spill in Kansas that forced TC Energy Corporation to shut-in its Keystone pipeline has begun to impact Western Canadian Select (WCS) differentials to West Texas Intermediate (WTI), but the extent of the widening won’t be clear until it’s determined how long volumes will be stranded, says Martin King, senior analyst at RBN Energy, LLC.
December 9, 2022, 11:04 AM MST
“Game-changing” multi-lateral drilling technology is boosting Canadian Natural Resources Limited’s operational performance in its vast conventional heavy oil asset base, attendees of the company’s 2022 Institutional Investor Open House event heard last week.
December 7, 2022, 12 AM MST
Canadian Natural Resources Limited continues to fine-tune its Montney and Deep Basin programs, efforts which have led to reduced costs and increased productivity, according to the company’s chief operating officer, exploration and production.
December 6, 2022, 10:56 AM MST
Suncor Energy Inc.’s decision to retain and optimize its Petro-Canada retail segment came after an exhaustive review, one which concluded that the business remains a vital component of the company’s integrated model and will enhance shareholder value going forward.
December 2, 2022, 12 AM MST
Suncor Energy Inc. executives say the company continues to advance its “safety journey” to repair and improve upon its less-than-stellar safety record in recent years, an investor day event heard Tuesday.
November 30, 2022, 10:02 AM MST
Suncor Energy Inc.’s 2023 capital guidance of $5.4-5.8 billion was calculated and determined under an expanded lens and by a partly re-tooled management team, the company’s interim president and CEO Kris Smith told an investors day event Tuesday.
November 30, 2022, 12:58 PM MST
Although natural gas-weighted Advantage Energy Ltd. opted to shut-in some AECO-exposed output in the third quarter, the pure-play Montney company’s top executive remains bullish on western Canadian natural gas markets and outlook as this decade unfolds and LNG Canada comes online.
November 29, 2022, 6 AM MST
During a period of prolonged natural gas price weakness about four years ago, the executive team of Advantage Energy Ltd. began considering and investigating potential paths to diversify its business.
November 28, 2022, 6 AM MST
Executives from member companies of the Pathways Alliance say timelines continue to become increasingly tight as the group works toward a final investment decision on its proposed multibillion-dollar foundational carbon capture network and storage hub, a project the group hopes to have constructed by 2030.
November 17, 2022, 12 AM MST
While the Aug. 24 announcement of a Canada-Germany Hydrogen Alliance is a positive step forward, continued regulatory and political challenges that have plagued other Canadian energy projects must be overcome if the joint opportunity is to be fully seized.
November 17, 2022, 6:46 AM MST
Peyto Exploration & Development Corp.’s realized Q3 natural gas price, before hedging, was seven per cent lower than the previous quarter but up 39 per cent from Q3 2021 due to increased exposure to non-AECO markets.
November 14, 2022, 12 AM MST
Total Energy Services Inc. posted strong Q3 results as continued improvement of North American and Australian industry conditions that were underpinned by relatively strong commodity prices backstopped record financial results.
November 14, 2022, 12 AM MST
Fresh off of a quarter that saw it post record quarterly results, Total Energy Services Inc. executives say current indications are that North American industry activity levels will continue to moderately increase as the winter drilling season continues to ramp-up.
November 14, 2022, 12 AM MST
Peyto Exploration & Development Corp. third quarter output increased 16 per cent year-over-year as an increased capital expenditure program and strong drilling results helped boost volumes.
November 10, 2022, 10:49 AM MST
While its official 2023 budget is still being finalized, Peyto Exploration & Development Corp. currently anticipates an organic capital program of $425–$475 million, which will use between four and five drilling rigs throughout the year.
November 10, 2022, 11:35 AM MST
Strong and fact-based stakeholder engagement and improved messaging will be key factors in moving forward and growing the Small Modular Nuclear Reactors (SMnRs) sector and the technology’s potential role toward decarbonizing Canada’s future, panelists on a special webinar said Wednesday.
November 10, 2022, 8:09 AM MST
It was the passing of the torch during Baytex Energy Corp.’s Q3 results conference call Friday, as now retired president and CEO Ed LaFehr delivered the quarterly rundown to analysts for the last time and his successor, Eric Greager, assumed the top role.
November 7, 2022, 12 AM MST
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