Seven Generations Energy Ltd. has set a 2021 capital budget of $650 million capital budget, unchanged from this year.
November 9, 2020, 11:40 AM MST
Topaz Energy Corp. reported that the over-allotment option granted to underwriters related to its IPO to purchase up to an additional 2,509,650 common shares at a price of $13 per common was exercised in full, generating additional gross proceeds to the company of $32,625,450.
November 9, 2020, 12 AM MST
Given the spate of mergers and acquisitions (M&A) in Canada and the U.S., an ARC Resources Ltd. executive says the company is examining the deal market, but so far it has not found the right opportunity.
November 6, 2020, 9:27 AM MST
Improving industry demand resulted in the addition of a fourth fracturing crew in early October, said Trican Well Service Ltd.
November 6, 2020, 9:50 AM MST
ARC Resources Ltd. has approved a capital budget for 2021 that will range from $375 million to $425 million and focus on maximizing the generation of surplus funds from operations.
November 6, 2020, 5:41 AM MST
November 6, 2020, 11:26 AM MST
November 6, 2020, 7:10 AM MST
Despite the effects of COVID-19-related market disruption and mandatory production curtailments Canadian Natural Resources Limited achieved quarterly production volumes of 1.111 million boe/d in Q3, up from 1.176 boe/d a year earlier.
November 5, 2020, 10:46 AM MST
Crew Energy Inc. announced the second of two closings of its strategic transaction with a third party midstream company.
November 5, 2020, 3:41 PM MST
Murphy Oil Corporation’s Duvernay shale assets at Kaybob are performing extremely well with production of 13,000 boe/d in the third quarter of 2020, giving the company considerable future flexibility, says the company’s chief executive.
November 5, 2020, 11:15 AM MST
Spartan Delta Corp.’s capital expenditures are budgeted to be $40 – $43 million in 2021 and are expected to be fully funded by cash provided by operating activities.
November 5, 2020, 6:29 AM MST
Jupiter Resources Ltd. this afternoon announced a transaction to sell to Tourmaline Oil Corp. in an all-stock transaction valued at approximately $626 million, inclusive of debt.
November 4, 2020, 3:12 PM MST
It was a busy day on the corporate acquisition front as Tourmaline Oil Corp. not only acquired private gas producer Jupiter Resources Inc., but it also picked up Modern Resources Inc. in smaller transaction, loading up on Deep Basin assets.
November 4, 2020, 3:48 PM MST
Keyera Corp. is well positioned to be part of the Alberta and federal governments’ blue hydrogen strategy, creating and producing the product if there is a demand for it, company executives said Wednesday.
November 4, 2020, 2:27 PM MST
Tourmaline Oil Corp.’s 2020 EP capital program has been increased to $835 million from $800 million.
November 4, 2020, 4:17 PM MST
Keyera Corp. says it expects to invest between $400 million and $450 million in growth capital projects in 2021 with the majority focused on KAPS (Key Access Pipeline System) which it had deferred for a year in response to the COVID-19 pandemic.
November 4, 2020, 11:34 AM MST
The Canada Energy Regulator (CER) has approved an application from Westcoast Energy Inc. for the $25 million Silverstar project which includes additional metering capability at its existing Sunset Creek compressor station (CS-16), providing an additional outlet for natural gas on the T-North system.
November 4, 2020, 2:21 PM MST
Pine Cliff Energy Ltd. expects its capital expenditure program for 2020 will total $7.6 million, lower than guidance of $10.2 million, with the drilling of one (1.0 net) Pekisko oil well in Central Alberta being deferred at this time.
November 4, 2020, 12 AM MST
Despite health-related setbacks caused by the COVID-19 pandemic and a slowdown in LNG demand, construction continues on Canada’s first mega LNG project being built on the B.C. coast.
November 2, 2020, 6 AM MST
An LNG export project planned for Port Saguenay, Que., appears to be moving ahead, despite recent setbacks.
November 2, 2020, 9:20 AM MST
The Alberta government is offering grants worth 12 per cent of eligible capital costs once new petrochemical plants — including hydrogen-producing projects — are up and running.
October 30, 2020, 9:34 AM MDT
October 30, 2020, 4:05 AM MDT
Canada’s oil and gas industry will take years to recover from the impact of the COVID-19 pandemic, and it will emerge a different industry, presenters at the Petroleum Services Association of Canada (PSAC) 2021 Canadian oilfield services activity forecast on Thursday said.
October 29, 2020, 2:10 PM MDT
Pure-play Deep Basin E&P Peyto Exploration & Development Corp.’s president and CEO Darren Gee says current market conditions and outlook for natural gas will see the company increase activity and spending in the play in the coming months.
October 29, 2020, 6 AM MDT
Despite the challenges brought about by COVID-19, TC Energy Corporation assets have been largely unaffected with flows and utilization levels across its North American operations generally remaining in line with historical and seasonal norms, the company said today in releasing third quarter 2020 results.
October 29, 2020, 9:27 AM MDT