In the decade since Parex Resources began operations in Colombia, the Calgary-based company has seen its production jump from zero to average around 52,000 boe/d and 2P reserves climb from zero to 186 million boe. Market capitalization has seen a similar ascent, rising from $175 million to around $3 billion.
December 16, 2019, 9:34 AM MST
Canada’s oil and gas industry has a wealth of expertise that could be used by exploration and production companies to enter or diversify into international markets, according to a new report commissioned by the Canadian Global Exploration Forum (CGEF).
December 13, 2019, 8:15 AM MST
Canada’s oil and gas industry has a wealth of expertise that could be used by exploration and production companies to enter or diversify into international markets, according to a new report commissioned by the Canadian Global Exploration Forum (CGEF).
December 12, 2019, 6 AM MST
Canadian oil supply rose by 140,000 bbls/d in October, as higher offshore production more than offset a decline in oilsands output, but it declined from a year ago, according to the International Energy Agency (IEA).
December 12, 2019, 8:18 AM MST
Geoscience BC will be supporting a series of four new research projects to generate new public science about the relationship between earthquakes and natural gas development.
December 12, 2019, 9:59 AM MST
Canada’s oil and gas industry has a wealth of expertise that could be used by exploration and production companies to enter or diversify into international markets, according to a new report commissioned by the Canadian Global Exploration Forum (CGEF).
December 11, 2019, 6 AM MST
Canada’s oil and gas industry has a wealth of expertise that could be used by exploration and production companies to enter or diversify into international markets, according to a new report commissioned by the Canadian Global Exploration Forum (CGEF).
December 10, 2019, 6 AM MST
While average annual end-use energy demand in the residential, commercial, and industrial sectors is projected to grow moderately from now until 2040, a new long-term energy outlook from the Canada Energy Regulator (CER) shows a decline in transportation sector demand.
December 4, 2019, 8:36 AM MST
The Alberta government will need to address its regulatory and legislative barriers if it wants to encourage partial upgrading oilsands bitumen as a way to bolster the economy and alleviate oil pipeline bottlenecks, says a new study.
December 4, 2019, 11:20 AM MST
Canadian energy use will grow by less than five per cent from 2018 to 2040, due in part to improving energy efficiency, while Canadians will use more natural gas and renewables and less oil and coal, says a new long-term energy outlook from the Canada Energy Regulator (CER).
December 3, 2019, 10:52 AM MST
Reaching Canada’s emission targets requires more stringent climate policies than are currently being enforced, says Canada’s Ecofiscal Commission, with increased carbon pricing as the commission’s preferred method.
November 29, 2019, 7:51 AM MST
Global oil demand growth will be pinched post-2030 and shale output from the United States is set to stay higher for longer than previously projected, reshaping global markets, trade flows and security, the International Energy Agency (IEA) says in its World Energy Outlook 2019.
November 13, 2019, 9:56 AM MST
Over the next two decades, global demand for natural gas grows more than four times faster than demand for oil, the International Energy Agency (IEA) says in its World Energy Outlook 2019
November 13, 2019, 11:39 AM MST
Is the Clearwater going to be the next Big Oil Play in the WCSB? Early entrants recognized a missed pay opportunity in the cyclic shoreline/deltaic deposits.
November 6, 2019, 6 AM MST
Evaluate Energy’s latest global M&A review shows how easing oil prices prompted a sluggish response among upstream M&A dealmakers in Q3 2019. The quarter saw just US$31 billion in new deals agreed – a 66 per cent drop on Q2 2019 and a 36 per cent decline compared to Q3 2018. The total also stands 21 per cent lower than the average quarterly spend of US$40 million over the past five years.
October 31, 2019, 5:22 AM MDT
Members of the Canadian Energy Pipeline Association (CEPA) who operate a combined 121,000 kilometres of pipeline reported 19 incidents on their rights-of-way in 2018, says the association in its latest report on performance.
October 30, 2019, 8:16 AM MDT
Canadian oil supply held largely steady in August at 5.6 million bbls/d, the International Energy Agency (IEA) reported, as higher output of raw bitumen was offset by lower production of synthetic crude.
October 11, 2019, 8:46 AM MDT
For the second year in a row, solution gas conservation increased for both crude bitumen and crude oil batteries in 2018 despite higher production, says a new report from the Alberta Energy Regulator (AER).
October 8, 2019, 1:25 PM MDT
Women continue to be outnumbered on corporate boards and executive positions particularly in the oil and gas, mining and biotechnology sectors, according to a recent report released by the Canadian Securities Administrators (CSA).
October 8, 2019, 8:55 AM MDT
Separate investigations by three independent officers of the Legislative Assembly of Alberta into activities at the Alberta Energy Regulator (AER) and the International Centre of Regulatory Excellence (ICORE) found a conflict of interest by the former CEO of the AER, Jim Ellis, gross mismanagement and waste of public resources, and critical failures related to board oversight and management override of internal controls.
October 4, 2019, 11:07 AM MDT
A resource assessment has identified an additional three billion bbls of oil and 5.8 tcf of gas potential offshore Newfoundland.
October 3, 2019, 11:48 AM MDT
Is the Clearwater going to be the next Big Oil Play in the WCSB? Sprinkled across a massive 400 km swath running from Jarvie through Marten Hills and Nipisi to Golden, the industry has quietly drilled over 1,100 horizontal laterals into the play that are now producing over 16,000 bopd.
October 2, 2019, 6:53 AM MDT
Canada’s crude oil and condensate output will rise gradually to 2040 and then spike during the following decade to reach 9.6 million bbls/d, the U.S. Energy Information Administration (EIA) says in its International Energy Outlook 2019 (IEO2019).
September 26, 2019, 12 AM MDT
Though it pales in comparison to U.S. output, Canada will continue to produce “relatively large amounts” of natural gas, reaching 6.8 tcf in 2050, a nearly 20 per cent increase from the 2018 average of 5.7 tcf, says the U.S. Energy Information Administration (EIA) in its International Energy Outlook 2019 (IEO2019).
September 26, 2019, 10:25 AM MDT
In 2014, Canada’s oil and gas (O&G) industry was at the top of its game. At the centre of the action sat Fort McMurray, a boom town built on bitumen. Like a modern-day Klondike, money flowed as fast as the crude, and times were good.
September 16, 2019, 8:39 AM MDT
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