Without access to global LNG markets to stimulate production of Canada’s natural gas supply, production will decline steadily over the next 10 years, then remain flat at about 12 bcf per day until the end of the current forecast period in 2030, the Canadian Association of Petroleum Producers predicts in its natural gas outlook.
July 15, 2015, 11:11 AM MDT
The National Energy Board (NEB) has issued a safety order to Westcoast Energy Inc. to address concerns about operations at the company’s processing plants and facilities where, the NEB says, significant steps must be taken to correct its practices.
July 15, 2015, 11:22 AM MDT
Three leading figures on the Canadian oil and gas landscape are adding more recognition to their growing list of honours.
July 15, 2015, 11:37 AM MDT
No sector of the economy should be considering the urge to merge more than Canada’s beleaguered oilfield services (OFS) business. The signals are powerful. Overcapacity in virtually every product and service line. Prices down to slimmest of margins. Bankers are unhappy and getting twitchy. Shareholders are morose. OFS operators have to do something because doing nothing is no longer an option.
July 15, 2015, 7:29 AM MDT
Marketable natural gas production in Canada has climbed in 2015 compared to last year, hitting a high of 15.45 bcf per day in February, before dropping slightly to 15.4 bcf per day in March to close out the first quarter, according to the National Energy Board.
July 15, 2015, 7:51 AM MDT
July 15, 2015, 11:55 AM MDT
While not pleased with a British Columbia Supreme Court decision that said a frac sand mine proposed for northeast B.C. could not proceed without an environmental assessment, the project proponent is not planning to throw in the towel yet.
July 15, 2015, 10:44 AM MDT
Athabasca Oil Corporation has become the first operator to adopt a new frac-monitoring subscription network in the Duvernay near Fox Creek that uses highly-sensitive and accurate induced-seismicity monitoring (ISM) technology to help subscribing operators comply with regulatory requirements.
July 15, 2015, 11:49 AM MDT
Largest undrilled geological structure in Eastern Canada, seismically defined structure with 43,500 acres (67 square miles) created by Rollover (ABBA Prospect)
July 15, 2015, 7:09 AM MDT
July 15, 2015, 9:01 AM MDT
It could take Iran until the end of 2017 to increase production by as much as 600,000 bbls per day, according to Wood Mackenzie.
July 15, 2015, 9:33 AM MDT
July 15, 2015, 9:40 AM MDT
July 15, 2015, 9:48 AM MDT
Suncor Energy Inc., along with its partners, is proceeding with the first radio frequency pilot for oil recovery within an in situ reservoir.
July 15, 2015, 10:33 AM MDT
July 15, 2015, 11:55 AM MDT
Lightstream Resources Ltd. has completed the issuance of US$200 million in second lien notes for cash proceeds (DOB, July 3, 2015).
July 15, 2015, 9:15 AM MDT
Marquee Energy Ltd. announces that effective immediately Roy Evans, chief financial officer, is on a short-term medical leave due to an accident.
July 15, 2015, 8:37 AM MDT
July 15, 2015, 10:04 AM MDT
Nabors Industries Ltd. today announced the execution of an amendment to its existing committed, unsecured revolving credit facility.
July 15, 2015, 8:21 AM MDT
Arsenal Energy Inc. has closed its previously announced bought deal private placement offering.
July 15, 2015, 8:20 AM MDT
July 15, 2015, 9:47 AM MDT
July 15, 2015, 9:49 AM MDT
High North Resources Ltd announces that all of the conditions to the previously announced plan of arrangement under the Business Corporations Act (British Columbia) with holders of its 12 per cent convertible unsecured subordinated debentures have been satisfied, including receipt of final approval from the TSX Venture Exchange.
July 15, 2015, 8:47 AM MDT