The Quest carbon capture and storage (CCS) facility has captured and safely stored four million tonnes of CO2, ahead of schedule and at a lower cost than anticipated, reported Royal Dutch Shell plc.
May 23, 2019, 3:34 AM MDT
A $30 million investment in 2018 in a waterflood at Tamarack Valley Energy Ltd.’s Viking light oil play at Veteran in central Alberta should pay dividends next year, shareholders heard Monday.
May 14, 2019, 6 AM MDT
Tamarack Valley Energy Ltd. will re-evaluate its capital allocation strategy in the second half of 2019 to determine whether changes are required to its original capital budget of $170 to $180 million based on the status of the curtailment order and the commodity price outlook.
May 10, 2019, 7:30 AM MDT
International Petroleum Corporation (IPC) says it has identified two potential new conventional oil plays on properties acquired as part of the BlackPearl Resources Inc. transaction and the company plans to drill five wells that, in the success case, could identify up to 130 conventional oil drilling locations.
May 9, 2019, 12 AM MDT
In April, Granite Oil Corp. successfully drilled and completed one development well in the Western portion of its Alberta Bakken property.
May 2, 2019, 8:30 AM MDT
The head of Calgary-based Whitecap Resources Inc. says the company is interested in investing in other CO2 injection projects, especially now that a CO2 pipeline is being built in Alberta.
April 26, 2019, 6 AM MDT
Drilling and completions will account for 90 per cent of Crescent Point Energy Corp.’s 2019 capital budget of $1.2 billion to $1.3 billion, down about $500 million or 30 per cent from $1.775 billion in 2018, says the company.
January 15, 2019, 9:19 AM MST
A capital budget of $170 million to $180 million provides for the drilling of 125 net light oil wells in 2019, says Tamarack Valley Energy Ltd.
January 15, 2019, 10:51 AM MST
Cleantech investment vehicles of U.S. oil majors Chevron Corporation and Occidental Petroleum Corporation have invested an undisclosed sum in Squamish, B.C.-based Carbon Engineering Ltd. to accelerate the commercialization of its direct air capture (DAC) technology that removes CO2 directly from the atmosphere.
January 9, 2019, 10:53 AM MST
Whitecap Resources Inc. has a 2019 capital budget of $425-$475 million for 2019 that includes the drilling of 220 (191.5 net) horizontal wells.
December 18, 2018, 11:10 AM MST
The Saskatchewan government recently unveiled a waterflood development program (WDP) and it has now released some more detail.
December 12, 2018, 12 AM MST
The Saskatchewan government announced plans for a Waterflood Development Program, which will incentivize the conversion of producing wells into waterflood injection wells or the drilling of new dedicated waterflood injection wells.
December 5, 2018, 11:04 AM MST
By increasing its enhanced oil recovery (EOR) in southeast Saskatchewan, Vermilion Energy Inc. hopes to boost oil production.
November 28, 2018, 8:39 AM MST
Pulse Oil Corp. closed a public offering led by Mackie Research Capital Corp. and Pulse's concurrent strategic private placement for gross proceeds of $11.3 million, including the exercise of the over-allotment option under the Offering.
November 20, 2018, 9:49 AM MST
Pulse Oil Corp. anticipates receiving regulatory approval by the Alberta Energy Regulator (AER) for the transfer of its next Bigoray well, located in the Bigoray Nisku E Pool, to be reactivated from the Orphan Well Association (OWA), by Oct. 23, 2018.
October 9, 2018, 7:13 AM MDT
Phase Two of the Bigoray enhanced oil recovery (EOR) modelling project is making good progress with Pulse Oil Corp. having now completed the 3D seismic reprocessing portion of the project, covering all of the company’s two Nisku Pinnacle Reefs.
September 18, 2018, 8:09 AM MDT
Enhance Energy Inc. has completed all required arrangements related to the previously announced project development and co-ordination agreement and long-term service agreement for the construction and operation of the Alberta Carbon Trunk Line (ACTL) with Wolf Carbon Solutions Inc.
September 17, 2018, 10:36 AM MDT
Operators who acquired assets that Cenovus Energy Inc. was selling to pay for last year’s $17.7 billion acquisition of ConocoPhillips oilsands and Deep Basin properties have wasted no time in working to add value to their acquisitions.
September 12, 2018, 7:22 AM MDT
Pulse Oil Corp., via its contracted technical consultant announced on May 7, 2018, has completed Phase One of the Bigoray enhanced oil recovery (EOR) modeling project.
August 27, 2018, 7:10 AM MDT
The Alberta Carbon Trunk Line (ACTL) project will mark the beginning of a new industry in the province that could ultimately lead to one billion bbls of oil being recovered from reservoirs in central Alberta, says an executive with one of the companies involved in the project.
August 17, 2018, 7:49 AM MDT
International Petroleum Corporation’s (IPC) second quarter Canadian natural gas production at Suffield of 17,800 boe/d outperformed guidance due to strong recovery with the warmer weather and successful gas optimization campaign results to date.
August 7, 2018, 10:26 AM MDT
Enhance Energy Inc. and Wolf Carbon Solutions Inc. have entered into a project development and co-ordination agreement related to the construction and operation of the Alberta Carbon Trunk Line (ACTL).
August 3, 2018, 3:23 AM MDT
Pulse Oil Corp. recently added approximately 100 bbls/d oil by reactivating another previously shut-in well from Pulse's 100 per cent owned Bigoray area oil assets.
July 30, 2018, 9:39 AM MDT
Hemisphere Energy Corporation has continued to see operational and waterflood success through the first two quarters of 2018 with stable field production rates for the month of June to date estimated at 1,090 boe/d, 97 per cent oil.
June 20, 2018, 8:01 AM MDT
Journey Energy Inc. is still mulling over how best to approach its emerging Duvernay play at Gilby in central Alberta, shareholders heard on Wednesday.
May 25, 2018, 6 AM MDT