In the March 22 land sale, the province sold 31,360 hectares of P&NG leases and licences bringing in $40.31 million. In addition, 1,280 hectares of oilsands leases sold for $0.27 million.
March 27, 2023, 8:59 AM MDT
U.S. LNG exports played a leading role meeting Europe’s urgent demand for natural gas after the EU curtailed Russian imports in 2022 following its invasion of Ukraine.
March 23, 2023, 8:22 AM MDT
As of March 7, 2023, 2,512 wells in the Western Canadian Sedimentary Basin are on confidential status. Within this category, the largest group of wells is located in the Clearwater formation with 461 wells. (The Montney follows in a close second with 392 wells.)
March 21, 2023, 9:30 AM MDT
Global coal demand increased in 2022 as countries looked for affordable, secure energy supply after Russian oil and gas exports were curtailed due to its Ukraine invasion.
March 20, 2023, 8:28 AM MDT
Chevron Corporation is cementing its position in LNG markets while working with customers on a future pivot to hydrogen once transportation technology is commercially available.
March 16, 2023, 6 AM MDT
The federal government’s climate plans hinge on rapidly building an unprecedented quantity of new energy infrastructure. There is growing recognition and concern that Canada lacks the policy and regulatory frameworks to enable the country to build enough fast enough.
March 14, 2023, 12 AM MDT
At the March 8 land sale, the province sold 25,658.4 hectares of P&NG leases and licences, bringing in $22.04 million. Additionally, 1,856 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $82.06 million.
March 13, 2023, 6 AM MDT
The war in Ukraine has resulted in a structural change in global LNG markets.
March 9, 2023, 8:33 AM MST
The Blueberry River First Nations (BRFN) and B.C. government announced a historic agreement in January setting out a framework that guides future industrial development on BRFN traditional land claims.
March 8, 2023, 9:30 AM MST
The LNG market faces big decisions over the next few years. Shell plc’s latest LNG outlook sees demand reaching 650 to 700 million tonnes per year by 2040. The firm said clearly that more investment in liquefaction projects is needed to avoid a supply-demand gap it expects to emerge by the late 2020s.
March 2, 2023, 12 AM MST
After a mild winter, the European Union is already starting to think about where its gas will come from later in the year. The bloc will be looking west, and the U.S. and Canada will be happy to gain some exposure to global LNG prices.
February 23, 2023, 6 AM MST
The total amount of capital raised in the Canadian oil and natural gas industry in 2022 decreased 75 per cent to $2.7 billion from the $10.8 billion recorded in 2021.
February 22, 2023, 6 AM MST
European super-majors were faster out of the blocks on the energy transition than their U.S. counterparts — but were they too fast?
February 15, 2023, 6:31 AM MST
In the Feb. 8 land sale, the province sold 45,136 hectares of P&NG leases and licenses bringing in $17.08 million. Additionally, 448 hectares of oilsands leases sold for $0.3 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $59.49 million.
February 13, 2023, 7:34 AM MST
‘Never before in human history have we tried by means of deliberate political decisions and by means of economic planning to choose the method by which the industrial system will operate and [how] we will live our lives.’
February 6, 2023, 6 AM MST
The Duvernay shale play shows no sign of slowing down in the Kaybob and Two Creek areas based on wells brought on production between 2020 and 2022.
February 2, 2023, 9:30 AM MST
In the Jan. 25 landsale, the province sold 65,892 hectares of P&NG leases and licences bringing in $10.52 million. There was no public offering of Crown oilsands rights this sale. This brings the total cumulative bonus paid to-date for the year in Alberta to $42.11 million.
January 30, 2023, 7:09 AM MST
Every January, Sayer Energy Advisors publishes its forecast for mergers and acquisitions (“M&A”) activity in the Canadian upstream oil and natural gas industry for the upcoming year.
January 25, 2023, 6 AM MST
In Alberta’s Jan. 11 land sale, the first sale for 2023, the province sold 51,313.2 hectares of P&NG leases and licenses bringing in $26.74 million. Additionally, 12,672 hectares of oilsands leases sold for $4.85 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $31.59 million.
January 16, 2023, 12 AM MST
In the two weeks following Russia’s invasion of Ukraine on Feb. 24 the Bulletin published my three-part “President Putin’s Massive Ukrainian Blunder” series.
December 21, 2022, 6 AM MST
At the Dec. 14 land sale, the last Alberta sale for 2022, the province sold 24,628 hectares of P&NG leases and licences for $11.92 million. Additionally, 4,160 hectares of oilsands leases sold for $1.74 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $459.37 million.
December 19, 2022, 6 AM MST
The Clearwater is one of the premier economic oil plays in North America, thanks to its relatively shallow depths and its low cost of development, deploying open hole multilateral horizontal wells that require zero stimulation.
December 13, 2022, 10 AM MST
The province sold 24,203 hectares of P&NG leases and licences in the Nov. 30 land sale bringing in $14.63 million. Additionally, 8,752 hectares of oilsands leases sold for $1.93 million.
December 5, 2022, 10:14 AM MST
The amount of Canadian oil and natural gas assets publicly available for sale is down roughly 69 per cent from this time last year.
November 30, 2022, 6:42 AM MST
Leading Montney operators are using a mix of completion technologies including sliding sleeve, ball & seat and plug & perf systems to maximize production and efficiency.
November 23, 2022, 9:30 AM MST