Despite the industry downturn and low commodity prices, producers’ capital spending in northeast British Columbia’s Montney natural gas play will likely surpass $1 billion this year, based on an informal survey of the region’s active producers and announced capital programs.
August 16, 2016, 6 AM MDT
British Columbia has so far collected $3.5 million in bonus bids for the 2016/2017 fiscal year, which started on April 1, 2016 and ends March 31, 2017. The province has sold 34,425 hectares at a low average price of $101.77.
August 16, 2016, 7:43 AM MDT
The opening seven months of 2016 have brought a revival in the Canadian E&P space following an extremely lacklustre end to 2015, when very few deals were agreed in light of an uncertain and inhibitive pricing environment.
August 16, 2016, 8:58 AM MDT
Nigeria has long suffered from ethnic-related strife. Much of it has been in the Niger Delta region in the southeast of the country, home to most of its oil and gas resources. The latest bout of strife in the Delta, much like earlier ones, has caused a substantial drop in the country’s crude oil production, which is in gradual decline anyways.
August 16, 2016, 7:29 AM MDT
A Montreal consultant in charge of her firm’s sustainability and greenhouse gas management practice will head up a four-member expert panel to undertake a review of federal environmental assessment processes.
August 16, 2016, 9:49 AM MDT
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August 16, 2016, 7:04 AM MDT
Grant Thornton Limited, the Receiver of RedWater Energy Corp. has retained CB Securities Inc. as its advisor for the sale of certain RedWater oil and gas properties, on an as is, where is basis. This is an invitation to submit a Non-Binding Bid for any of the properties by September 22, 2016.
August 16, 2016, 7:55 AM MDT
Asset integrity is a critical issue facing both producers and pipeline operators. Ensuring proper functionality of your assets improve efficiency and help your bottom line.
August 16, 2016, 7:50 AM MDT
Margaret McCuaig-Boyd, the Alberta energy minister, is visiting the Grande Prairie area on Aug. 17 to tour the drilling sites of the first wells in Alberta approved under the new royalty framework.
August 16, 2016, 8:02 AM MDT
Capping carbon emissions in Alberta’s oilsands will leave hundreds of billions of dollars in the ground while doing very little to reduce greenhouse gases, finds a new study released today by the Fraser Institute.
August 16, 2016, 8:11 AM MDT
Storm Resources Ltd. expects to spend $80 million in operations capital next year, according to preliminary 2017 guidance released on Monday.
August 16, 2016, 10:33 AM MDT
Paramount Resources Ltd. has received shareholder approval and all necessary regulatory approvals for its previously announced Musreau/Kakwa asset sale to Seven Generations Energy Ltd.
August 16, 2016, 6 AM MDT
Peyto Exploration & Development Corp. announced the culmination of $2 billion in dividend payments to shareholders by confirming the monthly dividend with respect to August 2016.
August 16, 2016, 6 AM MDT
Saturn Minerals Inc. acquired of 158 sections of oil and gas special exploration permits.
August 16, 2016, 7:50 AM MDT
RMP Energy Inc. reduced production in Q2 2016 due to an infrastructure mechanical failure that caused unscheduled outage of a midstream-operated gas plant in the Kaybob area.
August 16, 2016, 9:20 AM MDT
Traverse Energy Ltd. says that in the third quarter it plans to drill two exploratory wells to evaluate Mannville and Banff targets in the Coyote and Watts area of Alberta.
August 16, 2016, 9:50 AM MDT
A sharp decline in drilling on both sides of the Canada-United States border led to lower revenue and losses for Aveda Transportation and Energy Services Inc. in the second quarter and first half.
August 16, 2016, 10:37 AM MDT
TORC Oil & Gas Ltd. has closed the previously announced public offering of 12.24 million common shares through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. for gross proceeds of $86.3 million (including the full exercise of over-allotment option).
August 16, 2016, 8:22 AM MDT
Sunshine Oilsands Ltd. posted a $20.7 million net loss for the second quarter versus a $19.1 million net loss in the same period last year.
August 16, 2016, 6 AM MDT
Questerre Energy Corporation says it plans to participate in two (0.5 net) additional wells on joint venture acreage at Kakwa, Alberta in the second half of this year, spending up to an additional $8 million.
August 16, 2016, 6 AM MDT
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Hyduke Energy Services Inc. says higher revenue from its manufacturing and fabrication division in the second quarter means the aggressive pursuit for new business is proving successful.
August 16, 2016, 6 AM MDT
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