Forecasts of a steep reduction in oil and gas demand by 2050 do not add up because a viable replacement does not exist, according to Shaikh Nawaf Saud Al Sabah.
September 21, 2023, 12 AM MDT
Obsidian Energy Ltd. hiked its capital budget to $300 million.
September 21, 2023, 6:06 AM MDT
September 20, 2023, 9:13 AM MDT
September 20, 2023, 12 AM MDT
September 20, 2023, 8:44 AM MDT
September 19, 2023, 12 AM MDT
September 19, 2023, 7:27 AM MDT
Murphy Oil Corporation and Chevron Canada were early entrants into the Kaybob Duvernay, with both companies far up the learning curve in the play.
September 18, 2023, 12 AM MDT
Both Baytex Energy Corp. and Whitecap Resources Inc. are early in Duvernay development but are seeing promising results with appraisal wells drilled on their acreage.
September 15, 2023, 12 AM MDT
Paramount Resources Ltd. has a long history in the Kaybob area.
September 14, 2023, 6 AM MDT
A flurry of M&A activity the last three years has shifted the landscape in the Duvernay shale play in west-central Alberta, with new technical teams re-evaluating the resource and building on past efforts to create updated development schemes to economically recover the massive resource in place.
September 13, 2023, 9:26 AM MDT
World oil demand remains on track to grow by 2.2 million bbls/d in 2023 to 101.8 million bbls/d, led by resurgent Chinese consumption, jet fuel and petrochemical feedstocks, the International Energy Agency (IEA) noted in its September Oil Market Report.
September 13, 2023, 12 AM MDT
Canadian oil supply is estimated to have risen by 190,000 bbls/d month on month in July to 5.7 million bbls/d, according to the International Energy Agency (IEA), primarily from increases in bitumen mining and upgrader output.
September 13, 2023, 12 AM MDT
September 13, 2023, 9:46 AM MDT
September 12, 2023, 10:29 AM MDT
September 7, 2023, 10:12 AM MDT
Hammerhead Energy Inc. lifted 2023 annual average production guidance to 41,500 boe/d from the previous estimate of 40,200 boe/d.
September 6, 2023, 7:48 AM MDT
September 5, 2023, 9:38 AM MDT
September 1, 2023, 10:36 AM MDT
The Alberta government’s non-renewable resource revenue (NRR) for fiscal 2023-24 is now expected to be $17.67 billion, a decrease of $694 million from the Budget 2023 projection of $18.36 billion, the province said in its first quarter fiscal update this morning.
August 31, 2023, 11:13 AM MDT
August 31, 2023, 10:46 AM MDT
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