While certainly a “gut punch” for Canada’s energy sector, Gary Mar is not surprised by Encana Corporation’s plans, announced on Thursday, to move its corporate domicile to the U.S.
October 31, 2019, 3:56 PM MDT
Encana Corporation does not expect any impact on its Canadian workforce, either in the office or in the field as a result of its plans to establish a “corporate domicile” in the United States, its chief executive said this morning.
October 31, 2019, 4:56 AM MDT
Encana Corporation’s announcement this morning that it is set to become a U.S. corporate domicile is a “tragedy for Canada,” says the president and CEO of Cenovus Energy Inc.
October 31, 2019, 1:57 PM MDT
Suncor Energy Inc. expects to start shipping crude by rail “in the next month or two” following today’s announcement that the Alberta government will allow producers to exceed curtailment quotas, provided the incremental bbls are moved by rail.
October 31, 2019, 10:27 AM MDT
Cenovus Energy Inc. officials are applauding the Alberta government’s announcement this morning of a rail-above curtailment program, saying the company has set a solid foundation to capitalize on the initiative thanks to its ongoing focus on increasing its crude-by-rail volumes.
October 31, 2019, 11:41 AM MDT
The Alberta government announced special production allowances to increase oil production, if additional oil is moved by rail in order to meet increasing demand.
October 31, 2019, 7:24 AM MDT
Cenovus Energy Inc.’s top executive says strong third quarter financial and operating results continues to have him “extremely excited” about the future prospects of the company.
October 31, 2019, 10:15 AM MDT
MEG Energy Corp. has shifted into 2019 roughly $30 million of expected 2020 capital expenditures to accelerate the completion of its in-progress brownfield project at the Phase 2B central processing facility, which includes incremental steam generation, water handling and oil treating capacity.
October 31, 2019, 7:50 AM MDT
Sour service environments are usually associated with high H2S content, harsh conditions, high pressures and deep and deviated wells.
October 31, 2019, 6 AM MDT
When Jeff Pardee left his career in finance to support the family business back in the 1990s, he didn’t expect to stay in Fort McMurray for more than a few years. That said, he didn’t expect to fall in love with the small western Canadian community, either.
October 31, 2019, 6 AM MDT
The future success of Canada’s oil and gas industry hinges on its ability to develop and deploy new technologies that both reduce environmental impacts and improve cost performance.
October 31, 2019, 6 AM MDT
The Petroleum Services Association of Canada (PSAC) expects a total of 4,500 wells (rig releases) to be drilled in Canada in 2020.
October 31, 2019, 10:35 AM MDT
Evaluate Energy’s latest global M&A review shows how easing oil prices prompted a sluggish response among upstream M&A dealmakers in Q3 2019. The quarter saw just US$31 billion in new deals agreed – a 66 per cent drop on Q2 2019 and a 36 per cent decline compared to Q3 2018. The total also stands 21 per cent lower than the average quarterly spend of US$40 million over the past five years.
October 31, 2019, 5:22 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of Oct. 31, 2019, as reported this morning by Rig Locator.
October 31, 2019, 11:49 AM MDT
PHX Energy Services Corp. has set a preliminary 2020 capital expenditures program of $20 million.
October 31, 2019, 3:17 PM MDT
Crescent Point Energy Corp. has narrowed its guidance range for 2019 with production of 161,000 to 163,000 boe/d and capital expenditures of $1.225–$1.275 billion, reflecting continued operational execution and capital discipline.
October 31, 2019, 11:11 AM MDT
Whitecap Resources Inc. has entered a joint venture with a progressive private company with a large land footprint in the oil-rich Montney window in the Deep Basin.
October 31, 2019, 10:43 AM MDT
Yangarra Resources Ltd. has approved a capital budget of $120 million for 2020.
October 31, 2019, 8:33 AM MDT
Vermilion Energy Inc. has reduced its 2019 capital investment guidance by $10 million to $520 million.
October 31, 2019, 7:01 AM MDT
Whitecap Resources Inc. is on track to achieve its targeted production for the year despite spending less capital.
October 31, 2019, 3:28 PM MDT
Calfrac Well Services Ltd. announced a $10 million reduction in its 2019 capital budget, which is now set at $139.6 million.
October 31, 2019, 7:18 AM MDT
Corridor Resources Inc. has started a formal process to begin a strategic review to enhance shareholder value.
October 31, 2019, 10:33 AM MDT
Secure Energy Services Inc. has initiated a formal sales process for the divestiture of specific service lines that do not have recurring or production-related revenue streams.
October 31, 2019, 8:16 AM MDT
October 31, 2019, 10:51 AM MDT
October 31, 2019, 10:38 AM MDT
Terrapin Geothermics has been granted the rights to conduct testing operations and explore the geothermal potential for renewable energy of an area near Grande Prairie, says the Alberta government.
October 31, 2019, 5:32 AM MDT
Interested parties have until Nov. 27, 2019 to file a statement of concern about an application from Harvest Operations Corp. for an oilsands exploration program in the Leismer field southeast of Conklin.
October 31, 2019, 5:28 AM MDT
Emissions Reduction Alberta (ERA) has split its $10 million Grand Challenge top prize for innovative carbon uses between two competing companies, Mangrove Water Technologies Ltd. and CarbonCure Technologies Inc., that together could cut CO2 equivalent emissions by almost two million tonnes per year by 2030.
October 31, 2019, 10:54 AM MDT
October 31, 2019, 11:02 AM MDT
October 31, 2019, 7:03 AM MDT
October 31, 2019, 7:19 AM MDT
October 31, 2019, 7:25 AM MDT
October 31, 2019, 7:12 AM MDT
October 31, 2019, 7:29 AM MDT