Yangarra Resources Ltd. set its 2021 capital budget at $60 million prior to the announcement of multiple COVID-19 vaccines when WTI prices hovered around US$45/bbl.
March 4, 2021, 3:32 PM MST
Essential Energy Services Ltd.’s 2021 capital budget is $5.4 million, which includes spending on critical maintenance activities and funds available for growth capital.
March 4, 2021, 9:40 AM MST
Athabasca Oil Corporation is forecasting a 2021 capital budget of $100 million ($95 million Thermal Oil and $5 million Light Oil), up from the previous estimate of $75 million.
March 4, 2021, 6:06 AM MST
Inter Pipeline Ltd. has joined the Alliance to End Plastic Waste, an international non-profit organization with the vision of ending plastic waste in the environment.
March 4, 2021, 8:11 AM MST
Paramount Resources Ltd.’s Montney-focused capital budget for 2021 is expected to range between $230-$260 million, excluding land acquisitions and abandonment and reclamation activities.
March 3, 2021, 8:42 AM MST
March 3, 2021, 12 AM MST
Briko Energy Corp. has engaged Sayer Energy Advisors to support its evaluation of strategic alternatives.
March 3, 2021, 4:21 PM MST
Storm Resources Ltd.’s production in the first quarter of 2021 is forecast to average 25,000 to 27,000 boe/d while capital investment is estimated to be $25 million (45 per cent allocated to the Fireweed area).
March 3, 2021, 5:53 AM MST
Finding how best to leverage Keystone XL pipeline already in the ground in Canada is something the Government of Alberta is working on with its TC Energy Corporation partner, says Doug Schweitzer, minister of Jobs, Economy and Innovation.
March 2, 2021, 6 AM MST
With renewed liquidity, and recent upward trend in commodity prices, Razor Energy Corp. has initiated its 46-well reactivation program which will continue throughout 2021 and into 2022.
March 2, 2021, 12 AM MST
March 2, 2021, 11:15 AM MST
After almost two decades and total investments in technology development that are nearing $100 million, Calgary-based Titanium Corporation may finally be closer to developing a commercial plant in Alberta to develop titanium and zircon, two valuable minerals that are used for everything from paint pigments and ceramic tiles to knee replacements and golf clubs.
March 1, 2021, 6 AM MST
Perpetual Energy Inc. continued its active abandonment and reclamation program in the fourth quarter of 2020, receiving 13 reclamation certificates for the year ended Dec. 31, 2020, with an additional six reclamation certificates in 2021 related to project work completed in 2020.
March 1, 2021, 12 AM MST
March 1, 2021, 8:43 AM MST
A new non-profit organization started by four people of colour aims to increase diversity, inclusion and equity in the growing sustainability field.
March 1, 2021, 11:47 AM MST
March 1, 2021, 10:51 AM MST
Enerflex Ltd.’s foray into the energy transition includes decarbonization efforts for the oil and gas sector, as well as strategically focusing on new markets that could benefit from the company’s modular approach to gas processing — including renewable natural gas, hydrogen, carbon capture and storage (CCUS) and biogas processing.
February 26, 2021, 8:48 AM MST
Secure Energy Services Inc. outlined a 2021 capital program of $15 million, which includes $12 million of sustaining capital.
February 26, 2021, 7:45 AM MST
In 2021/22, the Alberta government will spend $3.1 billion “to support economic recovery and sector strategies,” including on technology and innovation.
February 25, 2021, 3:35 PM MST
The impacts from COVID-19 and lower oil prices were in full effect in the Alberta budget, with the deficit expected to come in at $18.2 billion for 2021/22.
February 25, 2021, 3:35 PM MST
With LNG Canada to be operational by 2025, Trican Well Service Ltd. sees some customers starting to plan out how they will fulfill their production needs once liquefied natural gas exports begin: Good news for Trican.
February 25, 2021, 9:21 AM MST
Trican Well Service Ltd. expects to have its inaugural sustainability report out in the back half of 2021, as the oilfield services firm keeps responding to customer and internal environmental, social and governance (ESG) needs.
February 25, 2021, 9:05 AM MST
Royal Dutch Shell released its latest round of long-term global energy scenarios earlier this month, conveniently pushing the outlook period from 2070 to 2100, with the potential of cataclysmic climate change looming large over the remainder of this century.
February 24, 2021, 6 AM MST
While some sectors of the economy have found viable pathways to decarbonization, like the power sector via increasingly lower-cost renewables, other more hard-to-decarbonize industries are still searching for low-carbon alternatives.
February 24, 2021, 7:59 AM MST
Trican Well Service Ltd. has strengthened its liquidity and financial position post-Q4 2020 through agreements to sell non-core assets and businesses for proceeds of more than $7 million, which includes the signing of a definitive agreement to sell its software business for estimated proceeds of $6 million.
February 24, 2021, 5:57 AM MST