Oil prices should tick upwards next year as OPEC members manage production to increase their revenues while trying to avoid a price spike that would halt global economic growth, panelists said at the CFA Society Calgary’s 23rd Annual Oil & Gas Forecast Breakfast earlier this week.
November 2, 2023, 8:53 AM MDT
November 1, 2023, 9:36 AM MDT
November 1, 2023, 12 AM MDT
Gibson Energy Inc.’s newly acquired Gateway Terminal in Texas featured highly in the third quarter results for the company by exceeding expectations in its infrastructure segment and market, president and CEO Steve Spaulding told callers in a results phone-in on Tuesday.
October 31, 2023, 3:45 PM MDT
In September, Obsidian Energy Ltd. unveiled an ambitious three-year growth plan under the leadership of its president and CEO, Stephen Loukas — a seasoned executive with a unique background as a partner and portfolio manager with FrontFour Capital Group.
October 30, 2023, 12 AM MDT
Whitecap Resources Inc. expects to spend over $100 million annually the next three years building infrastructure as it grows Montney and Duvernay production from 70,000 to 110,000 boe/d by the end of 2027, president and chief executive officer Grant Fagerheim said at the company’s third quarter 2023 conference call.
October 27, 2023, 12 AM MDT
Whitecap Resources Inc. hit its $1.3 billion debt target in the third quarter of 2023, with the company now promising to deliver 75 per cent of free cash flow to shareholders through its base dividend and share buybacks, the company reported.
October 26, 2023, 8:06 AM MDT
Increased output from its Clearwater and Charlie Lake assets helped Tamarack Valley Energy Ltd. deliver Q3 production of 68,597 boe/d, the highest quarterly production in company's history and a 58 per cent year-over-year increase.
October 26, 2023, 10:33 AM MDT
PrairieSky Royalty Ltd. reported 246 wells spud on its royalty properties in Q3, including 238 oil wells with activity focused in the Clearwater, Mannville Stack and Viking plays.
October 26, 2023, 12 AM MDT
First Helium Inc.’s two 100 per cent owned oil wells, 1-30 and 4-29, have cumulatively produced over 105,000 bbls of approximately 35-degree API light oil through the company’s Worsley oil facilities.
October 26, 2023, 8:28 AM MDT
October 25, 2023, 8:56 AM MDT
After recently selling its Marten Hills Pipeline — indeed the company — to Kingston Midstream Limited’s wholly-owned subsidiary, Kingston Midstream Alberta Limited, Rangeland Midstream Canada Limited is well on its way to creating version 2.0 of the company.
October 24, 2023, 6 AM MDT
Current energy, climate change and industrial policy will result in peak oil and gas demand by 2030, according to the World Energy Outlook 2023 released by the International Energy Agency (IEA) this morning.
October 24, 2023, 8:26 AM MDT
October 24, 2023, 8:04 AM MDT
Coelacanth Energy Inc. has completed two wells at Two Rivers West and has finished the drilling of a five-well pad at Two Rivers East.
October 23, 2023, 6 AM MDT
October 23, 2023, 12 AM MDT
While he can’t provide a definitive take currently, a prominent oil and gas analyst thinks the pace of starting up the Trans Mountain Expansion pipeline infill and its eventual operational date may be creating a conundrum for those attempting to get a firm take on West Texas Intermediate (WTI)-Western Canada Select (WCS) differentials entering the new year.
October 19, 2023, 8:32 AM MDT
October 19, 2023, 6:19 AM MDT
October 19, 2023, 10:52 AM MDT
After steadily being under US$20 over the summer, the West Texas Intermediate (WTI)-Western Canadian Select (WCS) differential has widened considerably the past few weeks.
October 18, 2023, 9:23 AM MDT
In the 18 years since ARC Resources Ltd. drilled the first horizontal, multistage fractured well in the Montney formation over 12,000 tight oil and gas wells have penetrated the massive resource play straddling the Alberta and British Columbia border.
October 16, 2023, 6 AM MDT
October 16, 2023, 9:21 AM MDT
October 13, 2023, 12 AM MDT
World oil output rose 270,000 bbls/d in September to 101.6 million bbls/d, led by higher production from Nigeria and Kazakhstan, the International Energy Agency (IEA) reported this morning in its October report on the oil market.
October 12, 2023, 12 AM MDT
Canadian oil supply was fairly steady, estimated to have declined by 20,000 bbls/d to 5.5 million bbls/d in September as losses from Suncor Energy Inc.’s maintenance program steepened along with its U2 upgrader and in-situ assets undergoing work, the International Energy Agency (IEA) noted in its October report on the oil market.
October 12, 2023, 12 AM MDT