Canadian Natural Resources Limited says incremental egress of approximately 225,000 bbl/d to move additional crude oil production out of the Western Canadian Sedimentary Basin (WCSB) that is targeted to be added over the near term will provide opportunities for the company before new export pipelines are constructed.
November 7, 2019, 11:41 AM MST
Canadian Natural Resource Limited achieved record quarterly adjusted funds flow of approximately $2.9 billion in the third quarter as operating costs were below forecast and production was at the top end of quarterly corporate guidance.
November 7, 2019, 10:41 AM MST
The $5.3 billion Canadian segment of Enbridge Inc.’s Line 3 replacement pipeline is expected to be in service Dec. 1, 2019, helping to ease pipeline constraints for Canadian shippers, says the company.
November 7, 2019, 11:44 AM MST
Canadian Natural Resources Limited has appointed Elizabeth Cannon its board of directors.
November 7, 2019, 12 AM MST
Seven Generations Energy Ltd. is budgeting $1.1 billion for capital spending in 2020, down 12 per cent from its 2019 capital plan of $1.25 billion, reflecting its reduced sustaining capital requirements and continued commitment to generating free cash flow.
November 7, 2019, 10:56 AM MST
Trican Well Service Ltd. top brass never liked the supply-and-demand balance in the U.S. fracturing market, says Dale Dusterhoft, which is why the company has not entered that market. Based on what he now sees playing out with substantial oversupply and prices dropping, it further tempers the company’s enthusiasm for going south of the border.
November 7, 2019, 11:48 AM MST
NOVA Gas Transmission Ltd. (NGTL) says its approach to woodland caribou mitigation in its proposed 2021 system expansion is “sound and defensible.”
November 7, 2019, 8:05 AM MST
Since first establishing a Canadian presence in 1949, Fluor has been involved in engineering, procurement, fabrication and construction services for clients throughout Canada and around the world. Today, Fluor Canada is proud to be a national leader in the delivery of client-focused solutions.
November 7, 2019, 6 AM MST
While many businesses recognize the importance of giving back to local communities, few walk the talk as well as Integrated Sustainability.
November 7, 2019, 6 AM MST
Chad Ford cofounded Sunexo Solutions in 2012 to help reduce the non-technical risks of resource development. The launch was a response to seeing how projects were getting delayed or turned down because they weren’t doing a good job of stakeholder engagement or weren’t able to prove that they were doing a good job.
November 7, 2019, 6 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 7, 2019, as reported this morning by Rig Locator.
November 7, 2019, 11:45 AM MST
Pason Systems Inc. is continuing to scan the drilling, completions and power markets for attractive long-term growth opportunities on the heels of two recent acquisitions.
November 7, 2019, 11:11 AM MST
The Alberta government brought in $5.65 million in bonus bids this week, with the year-to-date total tracking nearly 70 per cent below last year.
November 7, 2019, 8:59 AM MST
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) released results of its call for bids, in which three parcels were bid on successfully.
November 7, 2019, 9:14 AM MST
Dr. Martin Quest presents: Understanding and Quantifying Vertically Heterolithic Permian Basin Source Rock Reservoirs for Improved Completion Efficiency
November 7, 2019, 6 AM MST
As a result of “capital efficiencies” in its 2019 capital program, Paramount Resources Ltd. has accelerated drilling operations for 10 (10.0 net) Montney wells at Karr into the fourth quarter of 2019 that were originally scheduled for 2020, while maintaining its 2019 base capital budget at $350 million.
November 7, 2019, 7:39 AM MST
Painted Pony Energy Ltd. invested $23 million of capital during the third quarter of 2019, which included drilling 5.0 net wells and completing 4.0 net wells for a combined cost of $16 million.
November 7, 2019, 8:24 AM MST
November 7, 2019, 11:04 AM MST
November 7, 2019, 11:13 AM MST
Tamarack Valley Energy Ltd. says its preliminary 2020 budget anticipates that capital expenditures and average production will remain consistent with 2019 levels and range between $170 million and $180 million and 23,500 to 24,500 boe/d, respectively, while the oil and NGL weighting is expected to increase to a range of 64–66 per cent.
November 7, 2019, 11:33 AM MST
Essential Energy Services Ltd. reported third quarter revenue of $39.27 million, down from $50.63 million in the same period in 2018 due to low activity in the Western Canadian Sedimentary Basin.
November 7, 2019, 6:45 PM MST
Gear Energy Ltd. drilled seven heavy oil wells and one light oil well in Central Alberta in the third quarter of 2019.
November 7, 2019, 12:23 PM MST
Pengrowth Energy Corporation’s top executive says the company had little choice in making the controversial decision to sell to Cona Resources Ltd. for five cents a share in a deal valued at $740 million
November 7, 2019, 6:54 PM MST
InPlay Oil Corp. is on pace to meet its annual average production guidance while reducing its 2019 capital expenditure program by approximately 11 per cent to $32 million from $36 million.
November 7, 2019, 7:02 PM MST
Lower production and weaker oil prices in the third quarter of 2019 resulted in a loss of $1.28 million (four cents a share) for Bonterra Energy Corp. compared to a profit of $5.76 million in the comparable 2018 period.
November 7, 2019, 7:07 PM MST
Pine Cliff Energy Ltd. says it plans to drill two Pekisko oil wells in the fourth quarter of 2019 starting in mid-November.
November 7, 2019, 12 AM MST
Black Diamond Group Limited’s Q3 2019 results reflect continued modular space solutions (MSS) growth, with increasing rental revenue and robust utilization rates throughout all regions.
November 7, 2019, 4:40 AM MST
Low seasonal gas prices and shut in production contributed to Pieridae Energy Limited’s $13.2 million net loss in the third quarter of 2019.
November 7, 2019, 4:34 AM MST
November 7, 2019, 7:14 AM MST
November 7, 2019, 7:19 AM MST
November 7, 2019, 7:23 AM MST
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