Alberta’s non-renewable resource revenue for the 2020/2021 fiscal year is expected to decline, with flat WTI prices, lower WCS pricing and a wider differential weighing on the outlook, despite higher forecast production.
February 27, 2020, 3:16 PM MST
In Canada’s liquefied natural gas (LNG) sector, the companies that have succeeded in moving their projects forward spent considerable time and resources on First Nations consultation and engagement.
February 27, 2020, 10:20 AM MST
Consistent with the overall decline in resource revenue, natural gas and by-product royalties are expected to fall in 2020/2021, although production is expected to climb.
February 27, 2020, 3:19 PM MST
Phil Fontaine, living legend and former three-term national chief of the Assembly of First Nations (AFN), has said on numerous occasions that reconciliation is not possible without narrowing the economic gap between Indigenous peoples and the rest of Canadians.
February 27, 2020, 9:54 AM MST
In the provincial budget tabled this afternoon, the government said it will work to communicate the industry’s environmental, social and governance (ESG) record. Part of this strategy will include an acceleration of orphan well reclamation.
February 27, 2020, 3:21 PM MST
Husky Energy Inc.’s top executive says his company’s operations in China have been relatively unscathed by the coronavirus outbreak and that employee wellbeing remains the number one priority.
February 27, 2020, 11:10 AM MST
The government’s ‘Blueprint for Jobs’ that was highlighted in the throne speech this week will include maintenance of the $1.1 billion Petrochemicals Diversification Program and using Technology, Innovation and Emissions Reduction (TIER) to support clean development of the resource sector.
February 27, 2020, 3:23 PM MST
Husky Energy Inc. booked a fourth quarter net loss of $2.3 billion versus earnings of $216 million in the comparable period in 2018 as total non-cash asset impairments and other charges of $2.3 billion dented the bottom line.
February 27, 2020, 11:42 AM MST
Here are some other highlights of interest from the provincial budget released this afternoon.
February 27, 2020, 3:24 PM MST
February 27, 2020, 7:24 AM MST
An industry built on ancient fossils is becoming a trend-setter in artificial intelligence (AI). Surprising? Maybe, but the reasons are clear. Buffeted by an unprecedented downturn that shows no signs of letting up, the Canadian oil & gas (O&G) industry is turning to innovation and technology in a bid to boost efficiency and buoy profits.
February 27, 2020, 6 AM MST
In designing Alberta’s methane emissions reductions plan, meeting the mandated 45 per cent target at the lowest possible cost to the upstream oil and gas sector was an overriding priority — a goal that it was determined could only be reached if innovation was allowed to flourish.
February 27, 2020, 6 AM MST
In one of the longest horizontal wells ever drilled in the US with total measured depth over 28,000 feet and 144 stages, an operator in the Utica Basin needed to streamline its millout procedure to increase cycle time and begin production faster.
February 27, 2020, 6 AM MST
Seven Generations Energy Ltd. reported fourth quarter and full-year 2019 funds flow of $353 million and $1.39 billion, respectively, with capital investments of $233 million for the fourth quarter and $1.23 billion for the full year.
February 27, 2020, 8:23 AM MST
Although the red ink continued to flow for Trican Well Services Ltd. in the fourth quarter of 2019, as well as for the entire year, the specialized oilfield services company’s cost reduction and efficiency measures allowed it to show better results than in the previous year.
February 27, 2020, 9:50 AM MST
Keyera Corp. achieved record financial results in 2019, delivering net earnings of $444 million (restated for accounting reasons) compared to $403 million in 2018, with all three business segments achieving record results.
February 27, 2020, 10:55 AM MST
Whitecap Resources Inc. navigated a volatile year in crude oil prices in 2019, posting slightly lower than average production volumes with a reduced capital budget.
February 27, 2020, 11:34 AM MST
An Alberta Conservative Member of Parliament has introduced a private member’s bill to repeal Bill C-48 which bans all tanker traffic off the north coast of British Columbia.
February 27, 2020, 4:21 AM MST
February 27, 2020, 7:18 AM MST
Returning for its 3rd year as a co-located event, the SPE Canada Heavy Oil and Unconventional Resources Conference will provide a platform for industry thought-leaders to discuss the current and future trends within the oil and gas industry on March 18-19 at the BMO Centre in Calgary, Alberta.
February 27, 2020, 6 AM MST
Alaskan focused oil and gas group, 88 Energy Ltd (ASX:88E) provided a further update on Monday regarding the progress of the group’s Charlie-1 appraisal well on the North Slope of Alaska.
February 27, 2020, 6 AM MST
February 27, 2020, 11:12 AM MST
There were 224 active rigs this morning in Western Canada (43 per cent of the fleet was working), as reported by Rig Locator.
February 27, 2020, 11:44 AM MST
February 27, 2020, 6 AM MST
Experienced in geological mapping, prospect generation, property evaluation, land sale analysis, evaluation of land expiries and well abandonment's, identification of by-passed pay and missed opportunities.
February 27, 2020, 6 AM MST
Husky Energy Inc.’s total proved reserves before royalties at the end of 2019 were 1.43 billion boe, compared to 1.47 billion boe at the end of 2018.
February 27, 2020, 9 AM MST
February 27, 2020, 11:30 AM MST
February 27, 2020, 11:25 AM MST
February 27, 2020, 11:21 AM MST
February 27, 2020, 11:06 AM MST
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.