The three major western oil and natural gas producing provinces have all tabled budgets for fiscal 2017/2018, and collectively, they are projecting a 55 per cent increase in oil and natural gas royalties.
March 27, 2017, 6 AM MDT
Major oil producing provinces Saskatchewan and Alberta are forecasting WTI to average above $50 at US$56.25 and $55, respectively, for 2017/2018.
March 27, 2017, 7:22 AM MDT
While the Alberta government’s Climate Leadership Plan (CLP) will eventually lead to significant changes for the province’s electricity market, for power generators and consumers, as coal-power is phased out and more renewables are introduced, a power system expert says slow economic growth and overcapacity means there’s no need to panic.
March 27, 2017, 6 AM MDT
A new renewable electricity program in Alberta is expected to attract at least $10.5 billion of investment into the province’s economy and create more than 7,200 jobs through a competitive process.
March 27, 2017, 8:35 AM MDT
Adopting either of several technology configurations could delay “by several decades” the point at which oilsands production will be stalled by the Alberta government’s emissions cap of 100 megatonnes a year.
March 27, 2017, 10:30 AM MDT
Suncor Energy Inc. said that a preliminary investigation indicates that the cause of an incident, in which a fire broke out at Syncrude Canada’s Mildred Lake Upgrader, was a loss of containment on a line near one of the naphtha hydrotreating units.
March 27, 2017, 4:41 AM MDT
As the service and supply sector repositions to the new normal of midrange oil prices forecast to continue through 2017 — a reprieve from the trough in oil prices experienced over the previous two years — it is essential to remember the lessons learned through the most challenging period the industry has faced in a generation, according to Grant Thornton LLP.
March 27, 2017, 6 AM MDT
Full Production Costs of $25 Cdn Barrel in Conventional Basin
March 27, 2017, 6 AM MDT
Please check out the web site for more details. Given the current economic environment, this is the time to invest in training. These courses are as reasonably priced as you can find.
March 27, 2017, 7:18 AM MDT
Birchcliff Energy Ltd. announced that Seymour Schulich has acquired an additional 2.5 million common shares of Birchcliff, and that the company has signed agreements for the firm service transportation of 175,000 gigajoules per day of natural gas.
March 27, 2017, 8:53 AM MDT
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Strategic Oil and Gas Ltd. is facing delays in completing wells and bringing new production onstream, due to significant increased demand for oilfield equipment and services this winter.
March 27, 2017, 9:27 AM MDT
Now a pure-play, Montney focused company, Chinook Energy Inc. recently completed, equipped and tied in three (2.63 net) horizontal Montney wells at Birley/Umbach in northeast British Columbia for $3.7 million per well — 30 per cent less than the average $5.3 million per-well cost of the previous six (five net) wells.
March 27, 2017, 8:06 AM MDT
MATRRIX Energy Technologies Inc. intends to investigate entering into the land-based contract drilling business to complement its business of supplying horizontal and directional drilling technologies for the oil and gas industry in North America.
March 27, 2017, 7:24 AM MDT
Huu-ay-aht First Nations citizens became the first British Columbia Nation to approve a co-management development arrangement for a LNG export facility, it announced.
March 27, 2017, 8:13 AM MDT
Total Energy Services Inc. has extended the period for the tender of additional Savanna Energy Services Corp. common shares under its offer to 12 p.m. on April 7, 2017.
March 27, 2017, 3:42 AM MDT
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March 27, 2017, 9:44 AM MDT
Weatherford and Schlumberger will create OneStim, a joint venture to deliver completions products and services for the development of unconventional resource plays in the United States and Canada land markets.
March 27, 2017, 3:30 AM MDT
An independent reserves evaluation of Blackbird Energy Inc.’s Montney acreage at Pipestone/Elmworth has estimated total proved plus probable gross reserves of 59.17 million bbls of oil equivalent (46 per cent natural gas liquids), says the company.
March 27, 2017, 10:08 AM MDT
Black Diamond Group Limited has closed its previously announced bought deal common share financing.
March 27, 2017, 7:35 AM MDT
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