Assuming liability for a producer’s old oil and gas wells — as did Skye Asset Retirement Inc. on Tuesday for an undisclosed Calgary-based company’s package of Saskatchewan wells — might be a new idea, says Ryan Smith, but it is also an idea that helps solve an industry issue, representing a model that could apply across Canada’s energy sector.
November 21, 2019, 11:23 AM MST
Skye Asset Retirement Inc. has entered into the first ever sale and funding agreement (SFA) to acquire the licenses and associated liability for a package of oil and gas wells that Skye will take through full closure and restoration.
November 21, 2019, 7:29 AM MST
November 21, 2019, 10:39 AM MST
TC Energy Corporation will be looking to mitigate the impact of reduced operating pressure on volumes moving through the Keystone pipeline following a rupture last month in North Dakota, a senior executive said today.
November 19, 2019, 11:41 AM MST
Questerre Energy has reported a net profit of $1.33 million for the third quarter of 2019 compared to a loss of $2.02 million in the comparable 2018 period and a loss of $1.7 million year-to-date (2018-$1.39 million loss).
November 18, 2019, 3:08 PM MST
November 15, 2019, 7:35 AM MST
Zargon Oil & Gas Ltd. says it remains committed to reducing its inactive well count in order to facilitate possible business combinations with other small producers.
November 14, 2019, 8:47 AM MST
November 11, 2019, 7:27 AM MST
November 8, 2019, 7:08 AM MST
November 8, 2019, 7:25 AM MST
November 8, 2019, 7:17 AM MST
NOVA Gas Transmission Ltd. (NGTL) says its approach to woodland caribou mitigation in its proposed 2021 system expansion is “sound and defensible.”
November 7, 2019, 8:05 AM MST
November 6, 2019, 7:34 AM MST
The industry-funded Orphan Well Association (OWA) could be liable for more than $81.5 million in estimated abandonment and reclamations related to Houston Oil and Gas Ltd., which ceased operations as of Oct. 9, 2019, according to court documents.
November 6, 2019, 11:37 AM MST
November 6, 2019, 7:39 AM MST
November 5, 2019, 7:21 AM MST
The Alberta government has created three sub-regional task forces to support caribou recovery while protecting jobs in the province.
November 5, 2019, 8:57 AM MST
November 5, 2019, 7:26 AM MST
Reclaiming wellsites matters to Alberta and its energy sector, says Adam Dunn, and he should know, considering his Alberta-based company manages a portfolio of more than 600 reclamation activities annually for oil and gas clients.
November 4, 2019, 9:26 AM MST
Reforestation is an important branch of the Alberta oil and gas industry’s reclamation and remediation work, say representatives of two tree planting companies in the province, and there is potential for it to further grow.
November 4, 2019, 10:44 AM MST
Emissions Reduction Alberta (ERA) has split its $10 million Grand Challenge top prize for innovative carbon uses between two competing companies, Mangrove Water Technologies Ltd. and CarbonCure Technologies Inc., that together could cut CO2 equivalent emissions by almost two million tonnes per year by 2030.
October 31, 2019, 10:54 AM MDT
October 31, 2019, 7:03 AM MDT
A Vancouver-based clean energy start up has demonstrated forest waste can be turned into pipeline-quality renewable natural gas.
October 30, 2019, 2:51 PM MDT
The Alberta Energy Regulator (AER) will hold a public hearing for a regulatory appeal of the cancellation of a reclamation certificate issued to TAQA North Ltd. in 2016.
October 30, 2019, 3:06 PM MDT
The Alberta government has introduced legislation for a new greenhouse gas emissions management program it says will safeguard industry competitiveness while maintaining provincial jurisdiction over the regulation and pricing of emissions.
October 29, 2019, 3:43 PM MDT