Natural gas prices were down sharply in February as additional supplies of shale gas from the Marcellus and Utica in the United States continued to flood onto the market and El Nino resulted in a mild winter in many parts of North America, reducing heating demand.
March 2, 2016, 10:02 AM MST
The monthly average for AECO gas during February was $1.71 per gigajoule, off 24 per cent from January 2016 ($2.25 per gigajoule).
March 2, 2016, 10:06 AM MST
Given current industry conditions, oilfield service companies really only have two options, says the Canadian Pension Plan Investment Board’s head of natural resources — “shrink-to-grow” or “consolidate-to-optimize.”
March 2, 2016, 8:11 AM MST
The global service industry has been hit hard as operators try to bring costs in line with current prices, service costs have been cut internationally by 15 per cent and service providers have seen revenues decline an average of 35 per cent.
March 2, 2016, 9:21 AM MST
Innovation involves a lot more than new technology, said speakers at an IBM digital oilfield event on Tuesday.
March 2, 2016, 11:21 AM MST
It appears that the Quebec government is contemplating a review of TransCanada PipeLines Limited’s proposed Energy East pipeline project by its regulator to help inform its presentation to the National Energy Board, says Alberta Premier Rachel Notley.
March 2, 2016, 7:52 AM MST
This four day course utilizes a combination of lectures, core workshops and a one day field trip to review the reservoir characteristics, facies heterogeneity and stratigraphic framework of the Montney formation with an emphasis on the geological attributes that make the Montney one of North America’s leading resource plays.
March 2, 2016, 6 AM MST
Heavy oil assets in Alberta and Saskatchewan; gas assets in Alberta.
March 2, 2016, 6 AM MST
March 2, 2016, 6 AM MST
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March 2, 2016, 11:54 AM MST
Gibson Energy Inc. says cost-cutting measures enacted over the past year are likely to remain permanent and will continue to benefit the company when the commodity price environment improves and activity levels increase.
March 2, 2016, 11:49 AM MST
Secure Energy Services Inc. expects to continue its prudent approach to organic capital spending by allocating funds to projects that generate the highest rates of return, and so it has laid out a capital plan of $50 million for 2016, which is down from the previous year.
March 2, 2016, 6 AM MST
March 2, 2016, 10:19 AM MST
March 2, 2016, 6 AM MST
Winnipeg has long been viewed as the geographical, logistics and business centre of Canada, but this May 25-27 it will be reaching out to the rest of the world, as it hosts a business-to-business forum that will allow participants to travel the globe for opportunities, from the comfort of the RBC Convention Centre Winnipeg.
March 2, 2016, 8:34 AM MST
Tuscany Energy Ltd. reported that its total proved plus probable reserve volumes decreased marginally for the year ended Dec. 31, 2015, compared with 2014.
March 2, 2016, 6 AM MST
Ikkuma Resources Corp. reported relatively flat PDP reserves at 14.4 million boe, increased 1P reserves to 20 million boe and boosted 2P reserves seven per cent to 27.5 million boe, even with reducing its 2015 capital spending by 25 per cent in response to weakening commodity prices.
March 2, 2016, 6 AM MST
Junex Inc. has received a completion permit from the Quebec ministry of energy and natural resources that authorizes it to proceed with the evaluation of its Galt No. 5 horizontal well.
March 2, 2016, 8:47 AM MST
Manitok Energy Inc. has entered into an asset purchase agreement with a private company for the acquisition of a 14 mmcf per day natural gas processing plant in the Carseland area along with approximately 450 mcf per day net (75 boe per day net) of natural gas production, the related gathering systems, 5,760 acres of undeveloped land at a 100 per cent working interest and an 11-kilometre sales gas line tied into the ATCO south sales system.
March 2, 2016, 9:35 AM MST
New West Energy Services Inc. says that it intends to explore acquisition or merger opportunities that would enable it to expand its service offering beyond its core base of drilling waste and water management for the oil and gas industry.
March 2, 2016, 10:38 AM MST
March 2, 2016, 10:27 AM MST
March 2, 2016, 10:28 AM MST
Questfire Energy Corp. has launched a strategic alternatives process.
March 2, 2016, 9:03 AM MST
Freehold Royalties Ltd. has exceeded its 2015 production guidance of 10,600 boe per day with volumes averaging 10,945 boe per day for the year.
March 2, 2016, 8:54 AM MST
Completions have begun at Saturn Minerals Inc.’s Bannock Creek project in northeastern Saskatchewan where the company intersected three potential reservoirs within the Red River formations.
March 2, 2016, 6 AM MST
Tidewater Midstream and Infrastructure Ltd. has increased the size of its previously announced public offering to 50 million common shares at a price of $1.40 per common share, for aggregate gross proceeds to Tidewater of $70 million.
March 2, 2016, 6 AM MST
March 2, 2016, 9:18 AM MST
March 2, 2016, 9:15 AM MST
Husky Energy Inc. is notifying shareholders of the applicable dividend rates of its cumulative redeemable preferred shares, Series 1 and cumulative redeemable preferred shares, Series 2.
March 2, 2016, 6 AM MST
Bonavista Energy Corporation announced an increase to the exchange ratio of its exchangeable shares from 1.40915 to 1.41580.
March 2, 2016, 6 AM MST
Pine Cliff Energy Ltd. has received final approval to list the company's common shares on the Toronto Stock Exchange (TSX).
March 2, 2016, 6 AM MST
March 2, 2016, 8:42 AM MST
March 2, 2016, 8:41 AM MST
The significant decline in crude prices since late 2014 and general expectations of a “lower for longer” price environment through 2016 have had a considerable cooling effect on the ability of oil and gas issuers to raise capital through conventional channels. Further, in terms of access to bank financing, 2015 was a challenging year for oil and gas producers and other industry players affected by the prolonged downturn.
March 2, 2016, 9:13 AM MST
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