Given rising production and producer activity from the Clearwater oil play, Pembina Pipeline Corporation says it continues to experience strong demand for service on the Nipisi pipeline, with current volumes of approximately 33,000 bbls/d.
February 26, 2024, 8:41 AM MST
SECURE Energy Services Inc. expects activity levels to remain robust in both the energy and industrial sectors for 2024.
February 26, 2024, 10:39 AM MST
Gibson Energy Inc. posted record financial results in its fourth quarter and full year 2023, thanks to its Gateway Terminal acquisition and in the stability of its overall asset base.
February 23, 2024, 12 AM MST
The Trans Mountain pipeline expansion delay was keenly discussed during Gibson Energy Inc.’s fourth quarter 2023 results call-in, with president and CEO Steve Spaulding telling an analyst they are considering the delay “indefinite” until they hear otherwise.
February 22, 2024, 5:24 AM MST
Obsidian Energy Ltd. had an active 2023 capital program with both development and exploration/appraisal activities, providing a solid foundation as it enters the first year of its three-year growth plan to increase production to over 50,000 boe/d in 2026.
February 22, 2024, 7:42 AM MST
Gear Energy Ltd. maintained its 2024 capital and abandonment expenditures at $57 million
February 22, 2024, 6 AM MST
February 21, 2024, 9:51 AM MST
Cenovus Energy Inc. says the pending startup of the Trans Mountain expansion project is eagerly awaited and will benefit the company, as well as the sector as a whole.
February 16, 2024, 6:03 AM MST
Canadian output in January fell by an estimated 360,000 bbls/d to 5.9 million bbls/d, reported the International Energy Agency (IEA), as an Arctic freeze affected operations across Alberta.
February 15, 2024, 4:32 AM MST
PrairieSky Royalty Ltd. expects that with incremental Duvernay leasing it will see long-term light oil royalty production growth to “complement the increase” in heavy oil from the company’s Clearwater and Mannville Stack oil plays, says Andrew Phillips, president and CEO.
February 13, 2024, 8:24 AM MST
Cardinal Energy Ltd. has entered into an agreement for the engineering, fabrication and field construction of the central processing facility at its Reford thermal project in Saskatchewan, including the first SAGD well pad.
February 13, 2024, 12 AM MST
Enbridge Inc.’s Mainline system delivered strong volumes in the fourth quarter and the company remains confident that trend will continue this year, despite the eventual start-up of the Trans Mountain expansion project.
February 9, 2024, 2:36 PM MST
Construction is under way at International Petroleum Corporation’s (IPC) Blackrod SAGD development, with first oil from the 30,000 bbls/d phase one of the project still on track for late 2026, said new company president and chief executive officer William Lundin at IPC’s Capital Markets Day.
February 7, 2024, 9:23 AM MST
During Precision Drilling Corporation’s Q4 2023 results call-in, president and CEO Kevin Neveu gave an overview of how he saw Canadian drilling and well services responding to developing Canadian oil and gas market needs, with a strong operational and financial performance throughout 2023 continuing momentum into 2024.
February 7, 2024, 1:56 PM MST
Athabasca Oil Corporation’s Thermal Oil division underpins the company’s strong free cash flow outlook, with an unchanged $135 million capital budget and production guidance of 32,000 – 33,000 bbl/d.
February 7, 2024, 7:33 AM MST
International Petroleum Corporation (IPC) reported positive operating and financial results in 2023, while it ramped up growth spending on its Blackrod SAGD project expected to deliver first oil in 2026.
February 6, 2024, 10:06 AM MST
Canadian operators drilled 3,724 oil and bitumen wells in 2023, down 10 per cent from 4,152 wells in 2022 as activity declined as prices retreated from 2022 highs driven by the conflict in Ukraine.
February 5, 2024, 6 AM MST
February 2, 2024, 4:54 AM MST
Imperial Oil Limited expects the tightening of the WTI-WCS differential witnessed since the start of 2024 to narrow further as the year unfolds and the Trans Mountain expansion project begins line fill and starts operations.
February 2, 2024, 2:11 PM MST
February 2, 2024, 10:41 AM MST
Greenfire Resources Ltd.’s consolidated average net production in Q4/23 was approximately 17,400 bbls/d and averaged approximately 20,800 bbls/d in the month of December 2023.
January 30, 2024, 9:06 AM MST
Resolute Resources Ltd. has launched a strategic alternatives process.
January 30, 2024, 6 AM MST
January 29, 2024, 8:40 AM MST
Obsidian Energy Ltd.’s $345-$355 million capital plan for 2024 is focused on the continued development and exploration/appraisal of its Bluesky and Clearwater heavy oil assets in Peace River, as well as light oil development in Willesden Green/Pembina in central Alberta.
January 26, 2024, 12 AM MST
During mid-January 2024, extremely cold temperatures led to power outages and production disruptions in North Dakota, Enerplus Corporation reported.
January 26, 2024, 12 AM MST
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