Given the spate of mergers and acquisitions (M&A) in Canada and the U.S., an ARC Resources Ltd. executive says the company is examining the deal market, but so far it has not found the right opportunity.
November 6, 2020, 9:27 AM MST
Given Tourmaline Oil Corp.’s Deep Basin acquisitions on Wednesday, that complex will see more net capital investment, but the Montney will remain the main target for growth.
November 5, 2020, 10:27 AM MST
Cenovus Energy Inc. and Husky Energy Inc. this morning announced a transaction to create a new integrated Canadian oil and natural gas company.
October 25, 2020, 11:37 AM MDT
The combination of Cenovus Energy Inc. and Husky Energy Inc. should result in annual run rate synergies of $1.2 billion, largely achieved within the first year, independent of commodity prices.
October 25, 2020, 1:26 PM MDT
In recent months, the Daily Oil Bulletin has been increasing its volume of technology and alternative/renewable energy content.
October 1, 2020, 3:39 PM MDT
The Alberta government’s deficit for 2020/2021 will balloon to $24.2 billion, thanks to a plunge in revenue and higher spending to grapple with the COVID-19 pandemic.
August 27, 2020, 10:03 AM MDT
Tourmaline Oil Corp., as planned in the 2020 maintenance capital budget, is currently operating the full 10 rig drilling fleet across Alberta and northeast B.C.
July 29, 2020, 3:18 PM MDT
ConocoPhillips’s Canadian segment reported a first quarter loss on Thursday, with capital spending also falling during the three-month period. The company also detailed production shut-ins at its Surmont operations in Canada, the Lower 48 and Alaska.
April 30, 2020, 11:14 AM MDT
The response to the Saudi/Russia oil price war has been swift in Canada — over $700 million of capital plans have been shelved over the past couple of days.
March 11, 2020, 7:24 AM MDT
“All options are on the table” for the Alberta government as it prepares to deal with the aftershocks caused by the collapse of the OPEC+ alliance, the coronavirus, and the looming impacts on the provincial economy.
March 9, 2020, 3:36 PM MDT
Tourmaline Oil Corp. will continue to examine and assess market diversification options for its natural gas and natural gas liquids (NGL), executives noted this morning.
March 4, 2020, 9:53 AM MST
Alberta’s non-renewable resource revenue for the 2020/2021 fiscal year is expected to decline, with flat WTI prices, lower WCS pricing and a wider differential weighing on the outlook, despite higher forecast production.
February 27, 2020, 3:16 PM MST
Consistent with the overall decline in resource revenue, natural gas and by-product royalties are expected to fall in 2020/2021, although production is expected to climb.
February 27, 2020, 3:19 PM MST
In the provincial budget tabled this afternoon, the government said it will work to communicate the industry’s environmental, social and governance (ESG) record. Part of this strategy will include an acceleration of orphan well reclamation.
February 27, 2020, 3:21 PM MST
The government’s ‘Blueprint for Jobs’ that was highlighted in the throne speech this week will include maintenance of the $1.1 billion Petrochemicals Diversification Program and using Technology, Innovation and Emissions Reduction (TIER) to support clean development of the resource sector.
February 27, 2020, 3:23 PM MST
Following its big win at the Federal Court of Appeal last week, the Trans Mountain expansion will now enter its next phase: the federal government will officially seek Indigenous economic participation, said Finance Minister Bill Morneau.
February 10, 2020, 10:48 AM MST
Murphy Oil Corporation is planning 2020 capital expenditures in the range of US$1.4 billion to $1.5 billion, with Canadian onshore expected to receive 12 per cent of spending, and three per cent allocated to Canada offshore.
January 30, 2020, 8:38 AM MST
The Alberta government brought in $1.76-million at its Wednesday land sale.
January 23, 2020, 9:13 AM MST
Alberta’s Wednesday land sale brought $4.83 million into provincial coffers.
December 5, 2019, 8:57 AM MST
In its first budget tabled this afternoon, the UCP government forecast an $8.7 billion deficit in 2019/2020, which includes provisions and contingencies, such as $1.5 billion for cancelling crude-by-rail. It expects to reverse years of red ink by successive PC and NDP administrations by 2022/2023 when it forecasts a surplus of $600 million.
October 24, 2019, 3:18 PM MDT
The Alberta government’s fiscal plan reflects a provision of $1.5 billion in 2019/2020 to “extricate taxpayers from the crude-by-rail program hastily put in place in the final 30 days of the last government’s mandate.”
October 24, 2019, 3:20 PM MDT
The Alberta government is expecting to bring in $6.53 billion in total non-renewable resource revenue for 2019/2020, up from $5.43 billion the previous fiscal year. It then is expected to fall to $5.39 billion in 2020/2021.
October 24, 2019, 3:22 PM MDT
Natural gas and by-product royalties for Alberta are estimated at $362 million in 2019/2020, 32.5 per cent lower than in 2018/2019, due primarily to lower production, with the Alberta reference price (ARP) relatively flat.
October 24, 2019, 3:24 PM MDT
The Alberta government expects a “leaner” Alberta Energy Regulator (AER), it said in its budget tabled today.
October 24, 2019, 3:25 PM MDT
The Oct. 9 land sale in Alberta brought $4.08 million into provincial coffers.
October 10, 2019, 8:26 AM MDT
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