Second-quarter earnings highlighted the challenges of the volatile AECO market as Canadian producers tightened production guidance, reduced spending or deferred projects until the second half of the year — when prices are cautiously expected to improve.
August 14, 2019, 7:59 AM MDT
The key to more LNG projects to Western Canada is to drive the costs down, says a leading expert on global LNG development.
August 14, 2019, 8:28 AM MDT
Thermal oilsands production increased by approximately 100,000 bbls/d month-over-month in June as projects completed turnaround activity, new DOB data shows. June 2019 volumes were slightly higher than June 2018, after production in May decreased by 128,000 bbls/d compared to the previous year.
August 14, 2019, 12 AM MDT
Pengrowth Energy Corporation is looking to modify its approvals for the Lindbergh SAGD project in order to enable additional profits from electricity sales into the Alberta grid while it incrementally adds new oil production.
August 14, 2019, 10:52 AM MDT
Oil and gas companies in the province kept up water recycling efforts across industry sectors in 2018 in order to reduce their need for freshwater, says a newly-released Alberta Energy Regulator (AER) report.
August 14, 2019, 10:43 AM MDT
Tidewater Midstream and Infrastructure Ltd. expects to make a final investment decision within the next 60 to 90 days on whether to proceed with the second phase of its fully-contracted Pipestone gas plant, says its chief executive.
August 14, 2019, 12 AM MDT
Canadian cleantech and oil and gas companies are working together to transform the economic landscape and environmental competitiveness in areas ranging from energy efficiency, digitization, novel resource recovery, transport and value added solutions across the entire value chain, according to Global Affairs Canada.
August 14, 2019, 6 AM MDT
Privately-held Jupiter Resources Ltd. shut in on average 40 mmcf equivalent per day in response to the extreme price weakness in the second quarter of 2019, says the company’s chief executive officer.
August 14, 2019, 11 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of Aug. 14, 2019, as reported this morning by Rig Locator.
August 14, 2019, 11:38 AM MDT
Storm Resources Ltd. has reduced its 2019 capital investment to $110 million from $128 million in response to lower natural gas prices and reduced forecast funds flow due to the multiple outages experienced at Enbridge Inc.’s McMahon gas plant.
August 14, 2019, 9:47 AM MDT
Obsidian Energy Ltd. maintained strong operational and financial results in the second quarter as it continued to focus on its high-quality, light oil Cardium asset.
August 14, 2019, 9:01 AM MDT
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ClearStream Energy Services Inc.’s maintenance and turnaround services revenue fell for Q2 2019, but market growth and market share gains in northeastern B.C. and northwestern Alberta, along with a strong performance in the Wear Technology business, partially offset those declines.
August 14, 2019, 12 AM MDT
High Arctic Energy Services Inc.’s second quarter revenue took a hit as a result of slow activity in Canada and longer than anticipated ramp up times in the United States.
August 14, 2019, 6 AM MDT
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