The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued Significant Discovery Licence 1059 to Equinor Canada Ltd. and is announcing the related volume estimate for the Cappahayden K-67 discovery.
February 3, 2023, 10:47 AM MST
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The strongest of three scenarios in BP plc’s Energy Outlook 2023 Edition has oil consumption remaining close to 100 million bbls/d through much of this decade. Reflected in the outlook’s New Momentum scenario, this rate then declines gradually to around 75 million bbls/d by 2050.
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British Columbian oil and gas operations spent $4.7 billion on B.C. businesses from 2018 to 2021.
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British Columbia’s natural gas and oil industry’s supply chain is a major contributor to the economies of municipalities and Indigenous nations in every corner of the province, says a new report.
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Global oil demand is set to rise by 1.9 million bbls/d in 2023, to a record 101.7 million bbls/d, with nearly half the gain from China following the lifting of its COVID restrictions, the International Energy Agency (IEA) noted in its first monthly oil report of 2023.
January 18, 2023, 12 AM MST
InPlay Oil Corp. outlined a capital program of $75 – $80 million for 2023 which is forecasted to deliver annual average production of 9,500 – 10,500 boe/d (58 per cent – 61 per cent light oil and NGLs).
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