With market access issues driving down prices for Western Canadian oil and gas, and regulatory issues threatening to drive up costs, there was a lot of pessimism about the future prospects for the Canadian industry in the audience at the Petroleum Services Association of Canada’s (PSAC) annual forecast luncheon in Calgary last Thursday.
November 6, 2018, 6 AM MST
Ensign Energy Services Inc.’s top executive isn’t holding back in his assessment of the current state of the Canadian oil and gas industry, saying it’s “unconscionable” that Canadian oil is selling at a drastic discount to U.S. products.
November 6, 2018, 9:59 AM MST
The National Energy Board (NEB) should narrowly apply its “Non-Statutory Guidance” in determining who may be allowed to participate in a jurisdictional hearing on whether the Coastal GasLink project should be federally regulated, says counsel for the company.
November 6, 2018, 7:32 AM MST
Imperial Oil Limited has received regulatory approval to implement its liquid addition to steam for enhancing recovery (LASER) technology across its Cold Lake thermal project.
November 6, 2018, 6 AM MST
In the first two parts of this series, I talked about world energy supply and demand over the next few decades, pointing out that all credible energy forecasts show humanity using more and more fossil fuels, at least into the 2040s.
November 6, 2018, 8:30 AM MST
Switzerland-based International Petroleum Corporation says it is realizing success “arresting declines” at the Suffield natural gas assets it purchased from Cenovus Energy Inc. earlier this year.
November 6, 2018, 11:12 AM MST
2018 Canadian Petroleum Hall of Fame inductee profile
November 6, 2018, 8:50 AM MST
With Canadian oil and gas producers facing a near-record discount for their products, productivity, efficiency, and overall business agility have become more crucial than ever.
November 6, 2018, 7:59 AM MST
November 6, 2018, 6 AM MST
November 6, 2018, 3:40 AM MST
Chevron Corporation named Steven W. Green as president of Chevron North America Exploration and Production, effective March 1, 2019.
November 6, 2018, 11:18 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 6, 2018, as reported this morning by Rig Locator.
November 6, 2018, 11:44 AM MST
Keeping vital production equipment online is every oil and gas producer’s top priority, but achieving this goal will only get harder in the years to come.
November 6, 2018, 11:53 AM MST
Oil-weighted TORC Oil & Gas Ltd. executed the largest capital program in the company’s history in the third quarter of 2018 while generating cash flow in excess of the capital program and dividend.
November 6, 2018, 8:44 AM MST
Thanks to the successful ramp up of the Phase 2 expansion of its Onion Lake thermal heavy crude project, BlackPearl Resources Inc. reported a 53 per cent increase in production in the third quarter of 2018.
November 6, 2018, 9:33 AM MST
Painted Pony Energy Ltd. boosted average daily production in the third quarter of 2018 while adjusting its annual guidance due to the explosion at Enbridge Inc.’s T-South pipeline system in early October.
November 6, 2018, 9:48 AM MST
Cardinal Energy Ltd. continues to solidify its position in the emerging Clearwater oil play in Northern Alberta while looking to reduce operating costs at the same time.
November 6, 2018, 10:54 AM MST
CWC Energy Services Corp., Canada’s largest well servicing company as measured by operating hours, has reported good third quarter financial results, thanks to its concentration on light oil and natural gas liquids plays in the Western Canadian Sedimentary Basin (WCSB).
November 6, 2018, 11:33 AM MST
Bellatrix Exploration Ltd. has closed the previously announced acquisition of the remaining assets earned by Grafton Energy Co I Ltd. under the joint venture arrangement entered into in 2013.
November 6, 2018, 6 AM MST
The British Columbia government has introduced legislation to modernize the environmental assessment (EA) of major resource projects.
November 6, 2018, 7:59 AM MST
November 6, 2018, 3:46 AM MST
November 6, 2018, 9:03 AM MST
November 6, 2018, 10:55 AM MST
PHX Energy Services Corp. announced an agreement to purchase an initial fleet of Schlumberger PowerDrive Orbit Rotary Steerable Systems (RSS).
November 6, 2018, 7:41 AM MST
Strategic Oil & Gas Ltd. announced a recapitalization transaction.
November 6, 2018, 3:54 AM MST
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November 6, 2018, 9:19 AM MST
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