September 30, 2020, 10:20 AM MDT
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
September 18, 2020, 10:44 AM MDT
Waterous Energy Fund will combine private operators Strath Resources Ltd. and Cona Resources Ltd. to form the new Strathcona Resources Ltd.
August 14, 2020, 7:22 AM MDT
Gear Energy Ltd. shut-in most of its production and immediately pursued reductions to the variable costs of the business in an effort to curb the impact of low oil prices. For the three and six months ended June 30, 2020, production totalled 2,749 and 4,746 boe/d, respectively, which is 62 and 32 per cent less than during the same periods last year.
August 6, 2020, 8:51 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
Perpetual Energy Inc. sold half of its working interest in its East Edson property in West Central Alberta at the start of Q2 2020 to a third-party purchaser for consideration including a cash payment of $35 million and the carried interest funding of the drilling, completion and tie-in costs for an eight-well drilling program.
August 5, 2020, 12 AM MDT
Canadian oil supply declined by another 270,000 bbls/d in May, reported the International Energy Agency (IEA), taking the total decline since the end of 2019 to nearly one million bbls/d or roughly 20 per cent of national production.
July 10, 2020, 6 AM MDT
Canada’s integrated oil companies are seeing promising signs of recovering demand both upstream and downstream as they begin to bring production back online, an investor energy conference heard Tuesday.
July 8, 2020, 6 AM MDT
Integrated oil companies that sharply reduced their capital budgets in response to the COVID-19 pandemic say they will continue to focus on their balance sheets for the rest of this year although some say spending could rise next year.
July 8, 2020, 7:08 AM MDT
Rangeland Midstream Canada, Ltd.’s Marten Hills Pipeline System is now in service.
July 7, 2020, 8:45 AM MDT
With recent improvement in oil prices supporting positive economic returns, Gear Energy Ltd. has initiated a gradual production re-start across the majority of its asset base.
July 1, 2020, 8:02 PM MDT
The effects from the oil price crash and fall in demand from COVID-19 worldwide lockdowns were clearly reflected in western Canadian rig activity during the second quarter.
June 26, 2020, 8:59 AM MDT
Baytex Energy Corp. says it has restarted some of its previously shut-in crude oil production.
June 26, 2020, 12 AM MDT
June 23, 2020, 8:07 AM MDT
June 18, 2020, 10:52 AM MDT
Highwood Oil Company Ltd. says it continues to work through the impact of the Alberta Energy Regulator’s (AER) decision to reject license transfers associated with the Red Earth divestiture.
June 2, 2020, 8:27 AM MDT
June 1, 2020, 8:51 AM MDT
Today, we feature the Energy Excellence Awards Champion in Innovation & Technology Excellence in the subcategory of Production: General Energy Recovery Inc. (GERI).
May 22, 2020, 6:33 AM MDT
May 11, 2020, 7:52 AM MDT
Heavy oil is expected to lead the way as refinery demand gradually picks up in the United States Midwest and other regions later this year and refineries look to take advantage of available capacity on the Canadian Mainline, the chief executive of Enbridge Inc. said Thursday.
May 8, 2020, 12 AM MDT
Baytex Energy Corp. has signed a strategic land agreement with the Peavine Metis settlement in the Peace River area that covers 60 sections of land south of its existing Seal operations.
May 8, 2020, 11:05 AM MDT
May 8, 2020, 8:08 AM MDT
As a result of the current weakness and uncertainty in the price of oil, starting in April Gear Energy Ltd. chose to shut-in the majority of its production and immediately pursue reductions to the variable costs of the business in an effort to maximize funds from operations.
May 7, 2020, 1:53 PM MDT
May 5, 2020, 7:58 AM MDT