As crude prices remain relatively low, producers are increasingly finding the recompletion of existing wells to be an economic way to help boost production.
February 2, 2015, 10:34 AM MST
February 2, 2015, 11:55 AM MST
Although fourth quarter 2014 profits were off 36 per cent, Imperial Oil Limited reported its second highest earnings on record in 2014, which it attributed to continued strong production at Cold Lake, the ramp up of the Kearl oilsands mine and record refinery capacity utilization.
February 2, 2015, 11:39 AM MST
February 2, 2015, 11:48 AM MST
Keyera Corp. has shut down its Paddle River gas plant for a minimum of two months, starting this week, due to current economic conditions and recent commodity price declines in North America, and leading Madalena Energy Inc. to suspend production of about 660 boe per day (40 per cent oil) in Western Canada.
February 2, 2015, 11:42 AM MST
February 2, 2015, 11:21 AM MST
Connacher Oil and Gas Limited announced Friday a proposed recapitalization transaction aimed at significantly reducing the company’s debt and annual interest expense while providing additional liquidity to fund ongoing operations.
February 2, 2015, 10:31 AM MST
What a difference a gate could make! Mark Boyce, professor of ecology at the University of Alberta, says the number of grizzly bears and elk either poached or scared off from areas under oil and gas developments in the province could be vastly reduced with simple access management to those sites.
February 2, 2015, 8:37 AM MST
February 2, 2015, 6 AM MST
Bucking the current trend, StonePoint Energy Inc. says it sees growth opportunities in the current market environment and is looking to add to its stable of assets.
February 2, 2015, 8:01 AM MST
A pressure build-up in Galt No. 4 bodes well for testing that will soon resume, according to operator Junex Inc., which holds a 70 per cent stake in the horizontal well, drilled from an existing wellbore on Quebec’s Gaspé Peninsula (DOB, Jan. 28, 2015).
February 2, 2015, 10:51 AM MST
February 2, 2015, 12:01 PM MST
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February 2, 2015, 6 AM MST
Learn about PCP component system failures and get information you need to analyze failures.
February 2, 2015, 6 AM MST
Maple Leaf Royalties Corp. reports that it has completed the previously announced acquisition of royalty interests in nine oil and gas wells located in Alberta from Maple Leaf 2012 Energy Income Limited Partnership (DOB, Jan. 22, 2015).
February 2, 2015, 8:40 AM MST
The Canadian LNG Exports Multi-Stakeholder Collaboration Initiative, Canada’s longest running LNG exports event, returns to Vancouver this April 15-16, 2015, featuring the key decision makers across the whole Canadian LNG Exports supply chain.
February 2, 2015, 9:31 AM MST
Leading E&Ps are reporting that SAGD thermal projects are reaching costs of $440 million per project, and with oil prices approaching $40 a barrel, it is now hypercritical that operators look to the most cutting edge techniques and strategies to reduce costs.
February 2, 2015, 6 AM MST
Mike McGonagill has retired from his role as senior vice-president and chief operations officer, effective January 30, 2015, says Alliance Pipeline Ltd. and Alliance Pipeline Inc.
February 2, 2015, 9:14 AM MST
Vallourec Canada Inc., supplier of pipe and tubular goods for the Canadian oil and gas industry, announces it is expanding the capacity of its Newfoundland facility.
February 2, 2015, 8:42 AM MST
February 2, 2015, 12 PM MST
February 2, 2015, 12:02 PM MST
Bayshore Petroleum Corp. has received TSX Venture Exchange approval to extend common share purchase warrants, as previously announced.
February 2, 2015, 8:35 AM MST
Labrador Technologies Inc. announces that it has arranged a $100,000 non-brokered private placement for the company.
February 2, 2015, 8:39 AM MST
February 2, 2015, 12:05 PM MST
February 2, 2015, 12:03 PM MST
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