Pipestone Energy Corp. was notified by Keyera Corp. on Aug. 27, 2020 that the issue relating to the waste heat recovery system at the Keyera Wapiti gas plant is more widespread than previously indicated, Pipestone reported this morning.
August 28, 2020, 5:11 AM MDT
The Alberta government’s deficit for 2020/2021 will balloon to $24.2 billion, thanks to a plunge in revenue and higher spending to grapple with the COVID-19 pandemic.
August 27, 2020, 10:03 AM MDT
The Canada Energy Regulator (CER) approved an application from AltaGas Ltd. to export up to 46,000 bbls/d of propane for 25 years.
August 21, 2020, 4:14 PM 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
Demand for diesel and gasoline from the Prince George Refinery has increased dramatically in the last 60 days and demand currently is outpacing production, Tidewater Midstream and Infrastructure Ltd.’s chief executive said Thursday.
August 14, 2020, 9:25 AM MDT
Peyto Exploration & Development Corp. currently has four drilling rigs doing the job of three — operating intermittently in the Greater Sundance and Brazeau core areas. Those rigs could drill 40-per-cent more wells than is planned for 2020, and the company expects them to be at full utilization in 2021 with an expanded capital program.
August 13, 2020, 11:05 AM MDT
Capital investment in the third quarter for Storm Resources Ltd. is expected to be $10–$15 million, which will include drilling four wells (4.0 net) from an existing pad at Nig Creek plus starting the completions in late September.
August 13, 2020, 7:31 AM MDT
Birchcliff Energy Ltd. believes that commodity prices for natural gas will continue to strengthen towards the end of 2020 and into 2021 as a result of the massive reductions in capital spending throughout North America due to the reduced demand for oil and volatile commodity prices.
August 13, 2020, 9:24 AM MDT
Pembina Pipeline Corporation’s physical volumes reached second-quarter lows in early May, at levels roughly down 16 per cent from average levels in the prior two quarters — a decrease of about 135,000 bbls/d due to producer shut-ins and advancement of turnarounds and maintenance work.
August 7, 2020, 11:17 AM MDT
Inter Pipeline Ltd. reported net income of $63 million in the second quarter of 2020 compared to $260 million in the same quarter of 2019 as utilization of its pipelines dipped and natural gas liquids processing spreads declined due to the COVID-19 pandemic and severe downturn in oil prices early in the quarter.
August 7, 2020, 9:14 AM MDT
Keyera Corp. made significant progress to enhance its long-term competitive positioning by reducing its overall cost structure in the second quarter. The company expects these efforts to contribute a total annual improvement in earnings before tax of between $45 million and $65 million, with the majority to begin in 2021.
August 6, 2020, 1:12 PM MDT
While the economic and commodity price environment remains uncertain due to the recent surge in COVID-19 cases globally, Keyera Corp. said it “continues to focus on what we can control and take prudent steps to address the short-term challenges and enhance the long-term success of the company and our customers.
August 6, 2020, 1:13 PM MDT
For the second quarter, ConocoPhillps curtailed 30,000 bbls/d at Surmont.
July 30, 2020, 6:47 AM MDT
AltaGas Ltd. managed to do something in its second quarter that is somewhat unique these days in the Canadian oil and gas sector — produce a solid profit and even provide an optimistic outlook — despite the headwinds created by the COVID-19 pandemic.
July 30, 2020, 9:42 AM MDT
Seven Generations Energy Ltd. is forecasting lower sustaining capital requirements going forward, predominately driven by enduring cost savings that are now part of its business model.
July 29, 2020, 11:10 AM MDT
Spacing wells vertically and horizontally in multi-well cubes certainly has benefits in terms of maximizing access to resources.
July 14, 2020, 12 AM MDT
The Alberta Petrochemicals Incentive Program (APIP) announced Thursday by the Alberta government will “move the needle” when it comes to attracting major new petrochemical projects, says an industry official.
July 10, 2020, 12 AM MDT
While Whitecap Resources Inc. still sees light oil as its “product of choice” due to higher netbacks along with potential for secondary and tertiary recovery methodologies, top brass says natural gas shows promise as well.
July 10, 2020, 12 AM MDT
Pembina Pipeline Corporation is putting a lot of time and effort into improving cost efficiencies and getting projects shovel ready for what it believes will be higher commodity prices beginning late next year, its chief executive said Wednesday.
July 9, 2020, 7:39 AM MDT
Citing the potential to attract $30 billion of private sector investment by 2030, the Alberta government this morning announced the Alberta Petrochemicals Incentive Program (APIP), a new 10-year grant program.
July 9, 2020, 11:45 AM MDT
Tamarack Valley Energy Ltd. is picking up assets in west-central Alberta for $4.25 million.
July 9, 2020, 7:33 PM MDT
Consistent with TransGlobe Energy Corporation’s revised 2020 budget, there has been no drilling or completion activity during Q2 2020.
June 29, 2020, 10:33 AM MDT
While global energy demand destruction caused by the COVID-19 pandemic has been well documented, consumption growth was already starting to inch down in 2019, BP Plc says in its annual Statistical Review of World Energy released this morning.
June 17, 2020, 9:11 AM MDT
Pipestone Energy Corp. is maintaining its credit capacity of $225 million.
June 12, 2020, 7:27 AM MDT
Total Alberta capital expenditures in oil, natural gas and oilsands fell by 31 per cent in 2019 to $18.9 billion from $27.5 billion in 2018 although global capital spending was up, says the Alberta Energy Regulator (AER) in its annual energy outlook.
June 9, 2020, 6:39 AM MDT