The active rig count hit in Alberta hit a high for 2016 on Monday afternoon, with 168 rigs working in the province.
December 6, 2016, 9:47 AM MST
The Alberta government authorized 590 new licences in November, a monthly high for 2016. The count was still off slightly from a year ago, however, when 599 wells were licensed in November 2015.
December 6, 2016, 8:49 AM MST
Alberta continues to look less attractive for investment in the eyes of oil and gas companies, while neighbouring Saskatchewan keeps looking better, according to the annual global survey of petroleum sector executives released today by the Fraser Institute policy think-tank.
December 6, 2016, 10:53 AM MST
Nearly one-half of Precision Drilling Corporation’s planned 2017 capital expenditures of $109 million will be spent on upgrading existing drilling rigs, says the company.
December 6, 2016, 9:58 AM MST
Prices for both natural gas and crude oil, which had gained in October, fell back in November amid mild weather and uncertainty surrounding the ability of the Organization for Petroleum Exporting Countries to reach a deal on production quotas.
December 6, 2016, 8:31 AM MST
Brion Energy Corporation’s steam-assisted gravity project, the MacKay River Commercial Project, began steaming on schedule last week, according to a company spokesperson, who declined to say whether it was also on budget.
December 6, 2016, 10:48 AM MST
A 2017 capital program of approximately $1.9 billion will be largely directed towards the completion of its multi-year growth projects and long-term value creation, says Pembina Pipeline Corporation.
December 6, 2016, 7:09 AM MST
Mazatlan, Mexico — Monday was “a great day for Mexico,” after the auction of 10 deep offshore Gulf of Mexico blocks was deemed a success and interest in a partnership with state-owned Petroleos Mexicanos (Pemex) in another offshore block led to aggressive bidding, says an oil and gas analyst.
December 6, 2016, 8 AM MST
Imagine using geothermal heat from oil and gas wells to offset the burning of natural gas for domestic and commercial space heating.
December 6, 2016, 10:57 AM MST
The U.S. Energy Information Administration expects United States crude oil production for 2016 and 2017 to fall by less than previously expected, according to its monthly short term energy outlook released on Tuesday.
December 6, 2016, 11:17 AM MST
New tools have been developed to help Canadian oil and gas producers measure more easily the impact of LLR regulations on well operations and potential asset deals.
December 6, 2016, 6 AM MST
STEP Energy Services Ltd. completed a horizontal Duvernay refracture on Nov. 5 — the first Duvernay well to be refractured with its unique diverting agent technology, the company said.
December 6, 2016, 7:47 AM MST
Suncor Energy Inc. says that the Tax Court of Canada has issued a favourable order resolving the previously disclosed dispute with the Canada Revenue Agency (CRA).
December 6, 2016, 7:11 AM MST
December 6, 2016, 8:45 AM MST
The Sturgeon Refinery project near Redwater, Alberta shows that additional economic value can be generated within Alberta, according to a Conference Board of Canada report commissioned by the owner, North West Refining Inc.
December 6, 2016, 8:04 AM MST
Quebec City-based Junex Inc. says a well recently drilled with partners on its properties in the Permian Basin in Schleicher County, West Texas has discovered oil.
December 6, 2016, 7:56 AM MST
SNC-Lavalin says it has been awarded a 10-year Build-Own-Operate (BOO) oil and gas service contract with an approximate value of US$100 million by Crestwood Equity Partners LP.
December 6, 2016, 8:06 AM MST
December 6, 2016, 8:07 AM MST
December 6, 2016, 8:47 AM MST
Irving Oil says it has entered into a purchase agreement to acquire four inland storage facilities in Nova Scotia from Valero Energy Inc.
December 6, 2016, 7:14 AM MST
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