Given the dire situation for producers brought on by the differential crisis, United Conservative Party (UCP) leader Jason Kenney this afternoon called on the Alberta government to “act immediately” to introduce mandatory curtailment of 10 per cent of Alberta’s oil production.
November 28, 2018, 1:49 PM MST
The massive price discount on Canadian crude is not just a “Calgary problem” but also a challenge for the entire country, federal Finance Minister Bill Morneau said Tuesday afternoon, although as with the prime minister last week, he offered no short- or medium-term fix.
November 28, 2018, 3:15 AM MST
Federal Finance Minister Bill Morneau was asked during a question-and-answer session this afternoon whether Canadians understand the importance of the oil and gas industry to the country, and of the dire situation given the price differential.
November 28, 2018, 3:15 AM MST
Precision Drilling Corporation has terminated the arrangement agreement dated Oct. 5, 2018, with Trinidad Drilling Ltd. following the announcement by Ensign Energy Services Inc. that it had taken up 56.38% of the outstanding common shares of Trinidad pursuant to its unsolicited offer to purchase and takeover bid circular.
November 28, 2018, 3:15 AM MST
Canadians shouldn’t take our economic prosperity for granted. Argentines did early last century, and they’ve been paying the price ever since. Misguided government policies caused Argentina’s fall from economic grace, and misguided government policies could cause our economic downfall.
November 28, 2018, 8:11 AM MST
The current oil price differentials are impacting the Canadian oil and natural gas industry in unprecedented ways. The price of Western Canadian Select (“WCS”) hit a recent low in the second half of 2018, dipping below US$14 per bbl.
November 28, 2018, 7:21 AM MST
By increasing its enhanced oil recovery (EOR) in southeast Saskatchewan, Vermilion Energy Inc. hopes to boost oil production.
November 28, 2018, 8:39 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 28, 2018, as reported this morning by Rig Locator.
November 28, 2018, 11:39 AM MST
An operator working in the Montney formation successfully deployed TREX™ limited entry QuickPORT™ IV sleeves in two wells, simplifying operations in their extended reach laterals.
November 28, 2018, 6 AM MST
On December 4-5, the 17th Annual Shutdowns Turnarounds Superconference will take place at the Hyatt in downtown Calgary, and you can’t afford to miss this. Nothing will set your budget off-track like a shutdown that goes astray.
November 28, 2018, 7 AM MST
On Dec. 4 2018 at 8:30 a.m. MST the National Energy Board (NEB) will hold the oral portion of the hearing regarding the complaint by Crescent Point Resources Partnership to TEML Westspur Pipelines Limited (TEML Westspur).
November 28, 2018, 9:30 AM MST
Canada’s oil and natural gas industry has an important opportunity to enhance its relationship with Indigenous peoples by working to support the broader reconciliation process and Indigenous self-determination, according to a new report by the Canadian Association of Petroleum Producers (CAPP).
November 28, 2018, 11:44 AM MST
November 28, 2018, 3:34 AM MST
Whitecap Resources Inc. said that given the timing of the G20 and OPEC meetings in December and continued crude oil price volatility, it will be deferring the release of its 2019 budget previously scheduled for Dec. 5, 2018, until further notice.
November 28, 2018, 8:17 AM MST
Cathedral Energy Services Ltd. chief financial officer Michael Hill will be retiring effective Dec. 31, 2018.
November 28, 2018, 3:31 AM MST
CO2 Solutions Inc. announced that Suncor Energy Inc. has joined the Valorisation Carbone Québec (VCQ) project as its second Industrial Partner.
November 28, 2018, 7:54 AM MST
Strategic Oil & Gas Ltd. has received the written resolution of over 96 per cent of the holders of the company's eight per cent convertible notes to affect certain amendments to the trust indenture governing the notes.
November 28, 2018, 7:16 AM MST
Pulse Oil Corp. and its contracted technical consultants have completed Phase 2 of the Bigoray enhanced oil recovery (EOR) modelling project.
November 28, 2018, 7:21 AM MST
AltaGas Ltd. does not intend to exercise its right to redeem any or all of its currently outstanding cumulative redeemable five-year rate reset preferred shares, Series E on Dec. 31, 2018.
November 28, 2018, 7:23 AM MST
November 28, 2018, 9:19 AM MST
November 28, 2018, 9:43 AM MST
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