By leveraging its abundant renewable energy resources and incentivizing production of the world’s lowest greenhouse gas-emitting liquefied natural gas (LNG), Canada can develop its LNG industry while meeting its climate goals, concludes a report examining the unique “green” advantages the country possesses.
November 21, 2019, 11:22 AM MST
Prime Minister Justin Trudeau says that while his government recognizes that Canada needs to move towards a lower carbon economy, it also sees Alberta and Saskatchewan as an essential part of moving forward, bringing all Canadians along.
November 21, 2019, 12 AM MST
ConocoPhillips is seeing results from its “relentless drive” to improve its oilsands business, the company’s investor day in Houston heard on Tuesday.
November 21, 2019, 8:22 AM MST
Assuming liability for a producer’s old oil and gas wells — as did Skye Asset Retirement Inc. on Tuesday for an undisclosed Calgary-based company’s package of Saskatchewan wells — might be a new idea, says Ryan Smith, but it is also an idea that helps solve an industry issue, representing a model that could apply across Canada’s energy sector.
November 21, 2019, 11:23 AM MST
Thermal oilsands production grew month-over-month by approximately 76,000 bbls/d in September, to 1.42 million bbls/d from 1.36 million bbls/d in August, but volumes were down year-over-year, from 1.43 million bbls/d in September 2018 to 1.42 million bbls/d in September 2019, according to new data on the DOB’s Canadian Oilsands Navigator.
November 21, 2019, 2:32 PM MST
Skye Asset Retirement Inc. has entered into the first ever sale and funding agreement (SFA) to acquire the licenses and associated liability for a package of oil and gas wells that Skye will take through full closure and restoration.
November 21, 2019, 7:29 AM MST
NuVista Energy Ltd. (“NuVista”) will be entertaining offers for its fee title interests in the Wembley area of Alberta (the “Asset”). The Asset is composed of 5 separate blocks with cumulative land of ~1,880 hectares (approximately 7.25 sections) and current production of ~158 boe/d (46% liquids) and YTD2019 CF ~$1.0MM.
November 21, 2019, 6 AM MST
A deal signed by Canada, the U.S., and Mexico in 2016 to reduce emissions of methane from their oil and gas sectors by 40-45 per cent below 2012 levels by 2025 is coming home to roost.
November 21, 2019, 6 AM MST
November 21, 2019, 6:11 AM MST
November 21, 2019, 6:22 AM MST
In Shawn McDonald’s view, if industry is going to reap the financial benefits of oil sands development, it should be providing local jobs — full stop. And yet, in the mid-2000s, this wasn’t happening in Shawn’s hometown of Lac La Biche, Alberta — a hamlet at the crossroads of Highway’s 881 and 63 on the way to Conklin and Fort McMurray
November 21, 2019, 6 AM MST
Growing up in Calgary from the age of five, Waheed Zaman’s experience was typical of most kids — school, friends, soccer — but a trip to Bangladesh to visit extended family marked a formative event in his life.
November 21, 2019, 6 AM MST
The Duvernay formation in the Western Canadian Sedimentary Basin is deemed to be an important unconventional resource, with tremendous development potential.
November 21, 2019, 6 AM MST
Alberta added $1.71 million to government coffers at its latest land sale, closing out the 11-month period well below the depths of the 2016 land sale lows.
November 21, 2019, 8:51 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Nov. 21, 2019, as reported this morning by Rig Locator.
November 21, 2019, 11:32 AM MST
Prairie Provident Resources Inc.’s latest 102/08-04-021-11W4 well is the company’s seventh successful Lithic Glauconite well drilled in the last two years in the Princess area.
November 21, 2019, 7:23 AM MST
November 21, 2019, 10:27 AM MST
November 21, 2019, 10:39 AM MST
TC Energy Corporation says it does not intend to exercise its right to redeem its cumulative redeemable first preferred shares, Series 1 and cumulative redeemable first preferred shares, Series 2 on Dec. 31, 2019.
November 21, 2019, 10:55 AM MST
November 21, 2019, 6:31 AM MST
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