CNOOC Limited’s Bozhong 28-2 South Oilfield Second Adjustment Project has commenced production.
September 25, 2023, 12 AM MDT
September 25, 2023, 10:39 AM MDT
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
An internal analysis by the Explorers and Producers Association of Canada (EPAC) found that shifts in producer classes, activities and even the numbers of companies is changing the face of oil and gas in Western Canada.
September 21, 2023, 7 AM MDT
Obsidian Energy Ltd. hiked its capital budget to $300 million.
September 21, 2023, 6:06 AM MDT
ROK Resources Inc. completed phase one of its Southeast Saskatchewan drilling program, consisting of five gross (4.9 net) operated wells.
September 20, 2023, 12 AM MDT
In light of WTI oil price volatility that has prevailed through 2023, along with Saturn Oil & Gas Inc. commitment to optimize returns on invested capital, the company has elected to reduce capital expenditures for 2023 and will also be commencing the winter drilling program later in the year than originally anticipated.
September 20, 2023, 9:49 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
In 2022, there were a total of 6,926 wells that were spudded across British Columbia, Alberta and Saskatchewan with the Licensed Substance as gas or oil. Of these wells, 3,037 were put on production by year-end.
September 13, 2023, 9:30 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
When Leucrotta Exploration Inc.’s 300 Montney sections were essentially split in half when it was purchased by Vermilion Energy Inc. for $477 million in May 2022, 81,000 acres went to Vermilion, and the rest was used to create Coelacanth Energy Inc.
September 12, 2023, 6:53 AM MDT
September 12, 2023, 10:29 AM MDT
Prospera Energy Inc. has completed the drilling of four horizontal wells of the 10 well multi-pad infill drill program.
September 12, 2023, 6:36 AM MDT
Crescent Point Energy Corp. is forecasting annual production of 145,000 to 151,000 boe/d in 2024 based on development capital expenditures of $1.05 to $1.15 billion.
September 11, 2023, 5:15 AM MDT
Rubellite Energy Inc. has rig released total of five (5.0 net) multilateral horizontal wells at Figure Lake during the third quarter to date on the new pad located at 15-24-63-18W4 with a total of eight (8.0 net) wells planned.
September 11, 2023, 6:24 AM MDT
Vermilion Energy Inc. now expects Q3 2023 production to come in at the upper end of the quarterly guidance range of 80,000 to 83,000 boe/d due to positive developments in Australia and Ireland.
September 11, 2023, 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
August 30, 2023, 9:38 AM MDT
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.