The Canada-Newfoundland and Labrador Offshore Petroleum Board collected a record cumulative $1.39 billion in its 2018 Call for Bids, and a record single successful bid amount of $621.02 million in work commitments.
November 8, 2018, 3:08 AM MST
Companies applying to the Alberta Energy Regulator (AER) for certain Public Lands Act approvals that require Indigenous engagement now will be subject to a new streamlined process that should reduce approval times.
November 8, 2018, 3:20 AM MST
Murphy Oil Corporation achieved record production in its Kaybob Duvernay program in the third quarter averaging 10,000 boe/d, making it six consecutive quarters the company has increased output in the play.
November 8, 2018, 10:23 AM MST
Peyto Exploration & Development Corp. posted a solid quarter thanks in part by delaying capital spending and curtailing production despite a wet September and low gas prices.
November 8, 2018, 11:59 AM MST
In Canada, SemCAMS began construction on the Pipestone pipeline system, a 40 kilometre pipeline system that will deliver Montney gas to the SemCAMS Wapiti gas plant for processing.
November 8, 2018, 6:48 AM MST
Despite flatlining drilling activity in Canada and modest activity levels in the U.S., Pason System Inc.’s largest activity area, the Calgary-based company reported strong revenue growth, significant operating leverage and reduced capital intensity in the third quarter.
November 8, 2018, 11:17 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 8, 2018, 6:54 AM MST
The International Energy Agency sees healthy future world demand for natural gas and LNG, stating that China alone accounts for a third of global demand growth to 2022, thanks in part to the country’s ‘Blue Skies’ policy and the strong drive to improve air quality.
November 8, 2018, 6:57 AM MST
Tourmaline Oil Corp. expects to exit 2018 with liquids production over 60,000 bbls/d, which is expected to climb in 2019.
November 8, 2018, 12 AM MST
Tourmaline Oil Corp. has set its 2019 capital program at $1.3 billion while average 2019 production has been increased by three per cent to 300,000 boe/d.
November 8, 2018, 12 AM MST
Pengrowth Energy Corporation plans capital spending of $45 million in 2019, down from expected spending of $65 million this year.
November 8, 2018, 10:54 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 8, 2018, 6:55 AM MST
Register now for the IBM Oil & Gas Innovation Forum on November 28, from 2-6pm, at The Westin in Calgary. Learn how industry leaders are achieving 10X returns on their projects by implementing data-driven business models to drive operational intelligence.
November 8, 2018, 6:56 AM MST
November 8, 2018, 3:50 AM MST
Gear Energy Ltd. said it has worked hard through 2018 to unlock significant new reserves that were anticipated to boost fourth quarter production to approximately 9,500 boe per day. However, in light of the current weak pricing environment, that production growth will now be deferred into 2019.
November 8, 2018, 7:38 AM MST
Athabasca Oil Corporation is joining other heavy oil producers and cutting production in order to mitigate the impact of the record-high WCS price discount. The company has also deferred completions on new wells on its Greater Placid Montney acreage in order to focus on maximizing returns.
November 8, 2018, 9:19 AM MST
TransGlobe Energy Corporation’s 2019 capital program of $34.1 million (before capitalized G&A) includes $24.1 million for Egypt and $10 million (C$13 million) for Canada.
November 8, 2018, 7:11 AM MST
Suncor Energy Inc. announced that Jacynthe Côté will be stepping down from its board of directors effective immediately.
November 8, 2018, 12 AM MST
Following its recent $320 million acquisition of privately held Mount Bastion Oil and Gas Corp., Surge Energy Inc. has increased 2018 capital expenditures to $117 million from $107 million.
November 8, 2018, 12 AM MST
Yangarra Resources Ltd. has increased its 2018 capital budget to $140 million from $120 million.
November 8, 2018, 3:30 AM MST
Pine Cliff Energy Ltd. is boosting its capital budget in order to drill its first oil well in the fourth quarter of 2018.
November 8, 2018, 3:40 AM MST
Ahead of this year's annual Permian Midstream 2018 conference, we spoke with Kirk N. Blackim, Vice President of Business Development, Vaquero Midstream.
November 8, 2018, 7 AM MST
Trican Well Services Ltd. reported a fall in revenue in the third quarter of 2018, and noted a significant dropoff in fracturing activity due to weather delays and the price differential.
November 8, 2018, 10:12 AM MST
After relatively strong activity throughout the summer, a wet September slowed demand for Essential Energy Services Ltd.’s coiled tubing rigs and pumper units as the third quarter came to a close.
November 8, 2018, 10:54 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 8, 2018, as reported this morning by Rig Locator.
November 8, 2018, 11:36 AM MST
The National Energy Board (NEB) will hear oral traditional evidence on its reconsideration of the Trans Mountain expansion project Nov. 19-23 in Calgary.
November 8, 2018, 9:28 AM MST
William Downe, the former CEO of BMO Financial Group, will chair the newly-constituted 11-member board of directors of Trans Mountain Corporation, the Canada Development Investment Corporation has announced.
November 8, 2018, 8:40 AM MST
Precision Drilling Corporation has capital spending plans of $275 million to $325 million for 2019, post the deal with Trinidad Drilling Ltd.
November 8, 2018, 7:01 AM MST
November 8, 2018, 10:34 AM MST
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November 8, 2018, 7:25 AM MST
Enbridge Inc. and Enbridge Income Fund Holdings Inc. completed the previously announced plan of arrangement.
November 8, 2018, 9:34 AM MST
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