The Alberta government is forecasting non-renewable resource revenue to rise to $3.75 billion for 2017/2018, up from an estimated $2.43 billion the previous fiscal year on an expected doubling of bitumen royalty revenue.
March 16, 2017, 3:02 PM MDT
Bitumen royalties are estimated at $2.55 billion in 2017/2018, $1.3 billion higher than in 2016/2017, but still about half the revenue reported in 2014/2015.
March 16, 2017, 3:12 PM MDT
While natural gas and byproduct royalties are expected to climb to $455 million for 2017/2018 from around $219 million in 2016/2017, it’s still far off from levels a decade ago, when it was the main revenue engine for the Alberta government.
March 16, 2017, 3:07 PM MDT
Painted Pony Petroleum Ltd.’s top executive says the acquisition of privately-held UGR Blair Creek Ltd. and its northeastern British Columbia Montney assets in a stock and debt deal valued at $276.6 million will result in accelerated growth and make the company increasingly prominent in the play.
March 16, 2017, 11:14 AM MDT
The Canadian federal government’s decision to impose an indefinite moratorium on new oil and gas exploration licences in the Arctic offshore sends a message to industry that it’s not wanted and that it should just go away and not come back, a veteran arctic explorer said Wednesday.
March 16, 2017, 7:42 AM MDT
March 16, 2017, 11:57 AM MDT
Should the United States under President Donald Trump pull back from the previous administration’s Paris Agreement leadership role, there is an opportunity for the Chinese to step into that role on the world stage, says Canadian Environment Minister Catherine McKenna.
March 16, 2017, 8:07 AM MDT
OPEC kept up “robust adherence” to its 1.2 million bbl per day supply cut in February, the International Energy Agency says.
March 16, 2017, 7:49 AM MDT
March 16, 2017, 11:51 AM MDT
Join Grant Thornton LLP and JWN Energy for the release of the 2017 Service & Supply Outlook to hear what the industry has to say about the future of service & supply companies.
March 16, 2017, 6 AM MDT
Are you a Canadian oil and gas company looking to start your export journey? If so, we want to hear from you.
March 16, 2017, 6 AM MDT
Delphi Energy Corp. has been “playing a bit of catch up” in the first quarter of 2017 after poor weather conditions resulted in a relatively inactive fourth quarter of 2016.
March 16, 2017, 11:41 AM MDT
Pulse Oil Corp. announced that Pulse and Crimson Energy Ltd. have agreed to extend the terms of the agreement between Pulse's subsidiary and Crimson to insure the committed work program takes optimal advantage of the company's funding plans, and maximizes the value of the Bigoray assets, located in Alberta.
March 16, 2017, 6 AM MDT
Birchcliff Energy Ltd. has submitted a binding bid to TransCanada Pipelines (TCPL) for the firm service transportation of 175,000 gigajoules per day in aggregate (approximately 155 mmcf per day) of natural gas on TCPL's Canadian Mainline, whereby natural gas will be transported from the Empress receipt point in Alberta to the Dawn trading hub located in Southern Ontario.
March 16, 2017, 6 AM MDT
Trinidad Drilling Ltd. has increased its capital budget for 2017 by $55 million.
March 16, 2017, 6 AM MDT
Canbriam Energy Inc. has approved $295 million in capital expenditures for 2017, with $165 million directed to drilling and completion activity at its Altares Montney asset, west of Fort St. John, B.C., and the remainder to support ongoing infrastructure development.
March 16, 2017, 9:27 AM MDT
Total Energy Services Inc. announced Wednesday that, notwithstanding the recently announced increase in the acquisition price payable by Western Energy Services Corp. in relation to the proposed plan of arrangement between Western and Savanna Energy Services Corp. (DOB, March 15, 2017), each of the Savanna shareholders who entered into a support agreement with Total Energy in November 2016 has confirmed that it continues to support Total Energy’s offer for the outstanding common shares of Savanna.
March 16, 2017, 11:43 AM MDT
An exploratory well drilled in the first quarter of 2017 intersected a previously undiscovered oil-bearing Cardium thrust sheet at Narraway, confirming a third oil pool discovery, Ikkuma Resources Corp. has reported.
March 16, 2017, 10:29 AM MDT
Please join us for an Industry Update on Tuesday, March 21
March 16, 2017, 6 AM MDT
In 2016 Traverse Energy Ltd. reduced its capital program in response to the continuing weak commodity markets.
March 16, 2017, 6 AM MDT
March 16, 2017, 9:36 AM MDT
Six of the wells in Yangarra Resources Ltd.’s now-completed 10-well drilling program that began in August (DOB, Feb. 15, 2017) are onstream with current volumes of about 5,000 bbls of oil equivalent per day.
March 16, 2017, 9:49 AM MDT
March 16, 2017, 9:39 AM MDT
Relentless Resources Ltd. announces that it has drilled and completed the 100/6-12-27-10 W4 vertical and 102/5-7-27-9W4 horizontal wells at Heathdale, Alta.
March 16, 2017, 10:32 AM MDT
TransGlobe Energy Corporation appointed Matthew Brister and Steve Sinclair to its board of directors effective March 15, 2017.
March 16, 2017, 6 AM MDT
Perpetual Energy Inc. has closed the strategic financing initiatives previously announced Feb. 17, 2017 and announced the early redemption of its 8.75 per cent senior notes maturing March 15, 2018.
March 16, 2017, 6 AM MDT
Horizon North Logistics Inc. has amended its shareholder rights plan pursuant to an amended and restated rights agreement between the company and CST Trust Company, effective immediately.
March 16, 2017, 6 AM MDT
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March 16, 2017, 11:29 AM MDT
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