As commercial SAGD production enters its 20th year of production in northern Alberta, solvents are emerging as the next commercial advance to tackle the sector’s high emissions intensity bitumen production while cutting costs.
April 15, 2021, 12 AM MDT
During the first quarter of 2021, Hemisphere Energy Corporation has seen an overall increase in production from its fourth quarter injector conversions.
March 31, 2021, 7:26 AM MDT
Since its inception less than two years ago, Headwater Exploration Inc. hasn’t wasted any time in becoming one of the dominant players in the Clearwater heavy oil play and, more specifically, the Marten Hills region.
March 24, 2021, 12 AM MDT
The first quarter of 2021 has been very active to date for Headwater Exploration Inc.
March 11, 2021, 5:51 AM MST
Hemisphere Energy Corporation’s capital spending for 2020 was minimal at $1.5 million, with the remainder of funds flow allocated to debt repayment.
February 10, 2021, 8:57 AM MST
The recovery of International Petroleum Corporation’s (IPC) Canadian oil production continued during the fourth quarter resulting in full-year net production averaging in excess of 42,000 boe/d.
February 9, 2021, 10:36 AM MST
Denbury Inc. has entered into an agreement with a subsidiary of Devon Energy Corporation to acquire a nearly 100 per cent working interest (approximately 83 per cent net revenue interest) in the Big Sand Draw and Beaver Creek oilfields located in Freemont County, Wyo., for a cash purchase price of US$12 million.
December 30, 2020, 10:09 AM MST
The increased use of alternatives and improvements in technology have reduced the energy industry’s need for non-saline water, although growth in oilsands production has driven a three per cent increase in non-saline water intensity since 2015, says an Alberta Energy Regulator (AER) report.
December 14, 2020, 7:23 AM MST
International Petroleum Corporation achieved better than expected third quarter 2020 production with a faster than forecast ramp-up and good reservoir performance at its major Canadian oil assets at Suffield and Onion Lake thermal
November 3, 2020, 3:21 PM MST
A Prague-based heavy oil technology company which has developed an enhanced oil recovery (EOR) technology it calls Exothermic Chemical Treatment (ECT) pitched its technology in a webinar in Calgary.
September 23, 2020, 8:14 AM MDT
Western Canada requires an integrated carbon capture, utilization and storage (CCUS) and enhanced oil recovery (EOR) network connecting major emitters with potential markets, which starts by linking existing Saskatchewan and Alberta carbon capture hubs. At least, that is what the winning team from this year’s Avatar Program recommends.
September 9, 2020, 7:42 AM MDT
Solvent-enhanced bitumen and heavy oil recovery was the subject of two recent submissions to the DOB’s Energy Excellence Awards, with the associated technologies promising potential commercialization that could revolutionize the bitumen and heavy oil sector in terms of reducing emissions and costs from production.
August 12, 2020, 9:29 AM MDT
Given the improvement in its business outlook with strengthening oil prices including Canadian crude oil pricing, International Petroleum Corporation says it has decided to “progressively” bring back onstream oil production from its Suffield oil and Onion Lake thermal assets.
August 5, 2020, 10:40 AM MDT
The Alberta Carbon Trunk Line (ACTL) will lead to the birth of a new industry in the province, says the head of the company.
June 3, 2020, 6:34 AM MDT
Tamarack Valley Energy Ltd. announced a 2020 budget between $170 and $180 million which is forecast to maintain volumes consistent with the company’s 2019 annual average production of 23,500 to 24,500 boe/d (64 to 66 per cent oil and NGL).
January 10, 2020, 12 AM MST
Tamarack Valley Energy Ltd. says its preliminary 2020 budget anticipates that capital expenditures and average production will remain consistent with 2019 levels and range between $170 million and $180 million and 23,500 to 24,500 boe/d, respectively, while the oil and NGL weighting is expected to increase to a range of 64–66 per cent.
November 7, 2019, 11:33 AM MST
Surge Energy Inc. says its large original oil in place, light and medium gravity crude oil asset base continues to outperform management's expectations in the third quarter of 2019.
November 5, 2019, 9:32 AM MST
Whitecap Resources Inc. is planning a very active capital program for the remainder of the year where it anticipates drilling 174 (151.3 net) wells as part of its $300 million second half capital program.
August 1, 2019, 10:10 AM MDT
The ongoing delays in the start-up of the Sturgeon Refinery will have little impact on a related project aimed at delivering CO2 about 250 kilometres to EOR-suited reservoirs, says the head of the company involved in the project.
June 20, 2019, 11:05 AM MDT
Crescent Point Energy Corp.’s commitment to change was such a key theme at Friday’s annual general meeting, president and CEO Craig Bryksa made a point of saying twice to shareholders the following statement:
June 17, 2019, 10:17 AM MDT
In Part 1 of our series, Richard Admson began to frame the challenge facing industrial producers around the world and began to set the table for Alberta having the potential to be a leading home for future investments in an emissions-constrained world. Today, in Part 2, he looks at some of the components of “Clean-tech” that supports this future, their status and where they may be going over the next years and decades.
May 30, 2019, 9:12 AM MDT
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