NuVista Energy Ltd. says it achieved record production in Q4/2021 with the continued startup of new production from multi-well pads in Pipestone North and Elmworth, reaching a quarterly average of just over 60,000 boe/d based on field estimates.
January 11, 2022, 8:08 AM MST
Kiwetinohk Energy Corp. says its 2022 capital program includes the drilling of 11 gross wells and completing, and connecting 10 gross wells for production, while continuing work toward final investment decisions on power and hydrogen projects.
January 10, 2022, 7:36 AM MST
January 7, 2022, 11:21 AM MST
January 7, 2022, 6:42 AM MST
Next year should see a “surge in the activity” across the global energy sector, as upstream spending is expected to grow by about eight per cent, says Binny Bagga, vice-president of energy service research, Rystad Energy AS.
December 23, 2021, 6:18 AM MST
Imperial Oil Limited’s capital spending is forecast at $1.4 billion for 2022, reflecting continued capital discipline and efficient project execution, the company announced this morning.
December 17, 2021, 6:02 AM MST
Bonterra Energy Corp. outlined 2022 capital guidance ranging from $55 to $65 million, which incorporates measured capital allocation with the optionality to adjust spending dependent on the strength of the commodity markets as recovery from the COVID-19 pandemic continues.
December 16, 2021, 5:24 AM MST
AltaGas Ltd.’s 2022 capital expenditure plan of approximately $995 million, excluding ARO, is heavily weighted towards the lower-risk Utilities and is comprised primarily of Accelerated Replacement Programs (ARP) and system betterment projects that are anticipated to deliver stable and transparent rate base growth and strong risk-adjusted returns.
December 15, 2021, 6:09 AM MST
After three years of volatile prices punctuated by 16 months of uncertainty due to the COVID-19 pandemic, Western Canada’s natural gas sector appears on track for a sustainable recovery, Pembina Pipeline Corporation executives told analysts at the company’s 2021 market update last week.
December 14, 2021, 10:16 AM MST
Suncor Energy Inc. released its 2022 corporate guidance today, with higher upstream production expected next year while spending $300 million less than previously forecast.
December 13, 2021, 7:02 AM MST
Petrus Resources Ltd. has approved a 2022 capital budget of $50–$55 million, which is expected to deliver average annual production of 7,000–7,500 boe per day, a forecasted increase of approximately 25 per cent compared to 2021 estimates.
December 13, 2021, 7:13 AM MST
December 13, 2021, 9:11 AM MST
Record levels of free cash flow continue to be generated by North America’s oil and gas producers according to a new report from Evaluate Energy that outlines how that cash is being used.
December 9, 2021, 12 AM MST
Cenovus Energy Inc.’s 2022 capital budget of between $2.6-$3 billion reflects a disciplined approach that is designed to improve shareholder returns while maintaining output in the 800,000 boe/d range, president and CEO Alex Pourbaix told the company’s investor day event this morning.
December 8, 2021, 11:22 AM MST
Cenovus Energy Inc.’s updated five-year plan released this morning signals the continuing evolution of the company in its quest to reduce debt, return capital to shareholders while maintaining and improving operational excellence and ESG performance, says the company’s top executive.
December 8, 2021, 11:29 AM MST
Cenovus Energy Inc. this morning released its 2022 budget, updated corporate strategy, five-year business plan and environmental, social and governance (ESG) targets.
December 8, 2021, 4:29 AM MST
Pembina Pipeline Corporation’s latest Peace River Pipeline expansion projects are moving towards completion, providing an outlet for increasing Montney natural gas and liquids production.
December 8, 2021, 8:13 AM MST
With higher corporate profits, there are growing investment opportunities in Alberta’s oil and gas sector as stronger cash flows and financial positions among energy producers have allowed some operators to exceed their debt reduction targets, the government of Alberta said in its Nov. 30 mid-year fiscal update.
December 8, 2021, 8:52 AM MST
Crew Energy Inc.’s board approved a 2022 capital expenditure budget ranging between $70 and $95 million, in-line with its established two-year plan.
December 8, 2021, 3:08 PM MST
December 8, 2021, 12 AM MST
Enbridge Inc. has sanctioned $1.1 billion of new capital projects, adding to its organic growth capital backlog, which is expected to drive EBITDA generation through 2024, consistent with its low-risk commercial model.
December 7, 2021, 5:23 AM MST
CWC Energy Services Corp. has outlined a 2022 capital expenditure budget of $9.9 million.
December 7, 2021, 12 AM MST
Advantage Energy Ltd.’s 2022 capital program will be focused on growing adjusted funds flow per share by continuing to drill high rate-of-return targets in areas with existing infrastructure capacity.
December 7, 2021, 12 AM MST
Crescent Point Energy Corp. has set its 2022 capital expenditures budget at $825–$900 million, which remains unchanged from the preliminary 2022 guidance.
December 6, 2021, 9:01 AM MST
Gibson Energy Inc. is targeting 2022 growth capital expenditures of about $150 million, depending on the timing of sanctioning for certain growth opportunities.
December 6, 2021, 4:15 PM MST
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