The dramatic plunge in global oil prices in the wake of coronavirus-led demand destruction and pushed further down when Saudi Arabia said it plans to ramp up crude output next month after Russia rejected a plan to make further steep output cuts proposed by OPEC to stabilize oil markets is hammering Canadian oil and gas stocks.
March 9, 2020, 10:28 AM MDT
“All options are on the table” for the Alberta government as it prepares to deal with the aftershocks caused by the collapse of the OPEC+ alliance, the coronavirus, and the looming impacts on the provincial economy.
March 9, 2020, 3:36 PM MDT
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March 9, 2020, 8:37 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 9, 2020, as reported this morning by Rig Locator.
March 9, 2020, 11:36 AM MDT
Several companies announced upcoming drilling projects this week, including Cenovus Energy Inc., MEG Energy Corp., Paramount Resources Ltd., Peyto Exploration & Development Corp. and Ridgeback Resources Inc. To review drilling leads, click here to go to the list of weekly project reports.
March 9, 2020, 4:18 AM MDT
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.
March 9, 2020, 6:49 AM MDT
March 9, 2020, 8:22 AM MDT
Saskatchewan saw a total of 2,030 well abandonments completed between April 1, 2019, and February 29, 2020.
March 9, 2020, 10:14 AM MDT
As the iconic fundraising event for Trout Unlimited Canada, The Calgary Water Conservation Dinner and Auction provides the financial foundation of the organization’s work in river and stream restoration, scientific research and education.
March 9, 2020, 6:44 AM MDT
The 25th and FINAL annual Gulf Alumni Reunion will be held Thursday, March 12, 2020. Bottlescrew Bill’s Old English Pub, 140 - 10th Avenue S.W. at 4:30 pm. All those who worked for Gulf Canada are invited to attend. Cash Bar.
March 9, 2020, 6:43 AM MDT
Kelt Exploration Ltd. will re-evaluate its spending plans for the remainder of 2020 after the first quarter is complete, but is currently planning to defer certain capital expenditures that were previously expected to be incurred in the second quarter of 2020 to the second half of 2020.
March 9, 2020, 7:57 AM MDT
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March 9, 2020, 11:16 AM MDT
In the face of what it called “challenging” conditions for the western Canadian oilpatch, frack sand provider Source Energy Services Ltd. reported lower overall sales volumes and a much larger loss than in 2018, when it released its results on Friday.
March 9, 2020, 8:19 AM MDT
ClearStream Energy Services Inc.’s revenues for the year ended Dec. 31, 2019 were $464.25 million compared to $378.33 million in 2018, an increase of 22.7 per cent.
March 9, 2020, 8:33 AM MDT
AKITA Drilling Ltd. moved an AC pad heavy double drilling rig out of Canada to the Permian Basin in January 2020, bringing the company's total rig count in the U.S. to 18 rigs with 13 rigs located in the Permian Basin area where the company's presence continues to grow.
March 9, 2020, 8:39 AM MDT
Altura Energy Inc.’s 2019 production averaged 1,742 boe/d (70 per cent oil and liquids), consistent with guidance of 1,700 to 1,800 boe/d and representing a 49 per cent increase from average 2018 production on an absolute and per share basis.
March 9, 2020, 9:02 AM MDT
Razor Energy Corp. spent $4.4 million on reactivations and optimizations for 2019.
March 9, 2020, 9:36 AM MDT
Suncor Energy Inc. is seeking regulatory approval under the Oil Sands Conservation Act and Environmental Protection and Enhancement Act EPEA for amendments to existing approvals for its base plant operations.
March 9, 2020, 11:29 AM MDT
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March 9, 2020, 8:44 AM MDT