The arrival of the coronavirus is “rattling a global oil market” that was already facing challenges and on the supply side, geopolitics remain a “wild card,” the International Energy Agency (IEA) says in its Oil 2020 Analysis and forecast to 2025 report released Monday.
March 10, 2020, 10:09 AM MDT
Faced with export capacity constraints and mandatory production curtailments, Canada’s largest oil producers cut output last year, but production is still expected to climb over the next five years, the International Energy Agency (IEA) says in its Oil 2020 Analysis and forecast to 2025 report released Monday.
March 10, 2020, 10:19 AM MDT
Cenovus Energy Inc. is reducing its 2020 capital spending guidance by 32 per cent to maintain the strength of its balance sheet.
March 10, 2020, 3:45 AM MDT
Destruction of oil demand due to the coronavirus as well as the rejection by Russia to make steep output cuts proposed by OPEC have delivered a one-two punch to markets, with producers starting to announce plans to cut or postpone capital spending in 2020.
March 10, 2020, 11:04 AM MDT
March 10, 2020, 8:24 AM MDT
March 10, 2020, 8:37 AM MDT
The Daily Oil Bulletin has published the February edition of the On The Move newsletter.
March 10, 2020, 9:17 AM MDT
Tervita Corporation says it has taken a prudent approach in setting a preliminary capital budget of $85 million for 2020, including growth and expansion of $50 million, a 53 per cent reduction from its 2019 additions.
March 10, 2020, 5:08 AM MDT
Drilling operating days were up in Ensign Energy Services Inc.’s Canadian and American drilling segments year-over-year in 2019.
March 10, 2020, 8:44 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 10, 2020, as reported this morning by Rig Locator.
March 10, 2020, 11:34 AM MDT
With 20 per cent of the world’s fresh water, the largest number of lakes in the world (31,000) and the fifth largest number of rivers worldwide, a Canadian charitable group that invests in projects aimed at enhancing those waterways in this country has a lot on its plate.
March 10, 2020, 10:34 AM MDT
Journey Energy Inc. says it has deferred its first-half 2020 drilling plans of $10 million to $11 million and is re-evaluating all future expenditures in the context of the current market while continuing its focus on the East Duvernay basin.
March 10, 2020, 2:40 PM MDT
Surge Energy Inc. is shifting spending from the first quarter into the second half of 2020 and reduced its dividend in response to the recent volatility stemming from the COVID-10 outbreak.
March 10, 2020, 1:40 PM MDT
Alberta’s environmental assessment director has deemed that environmental impact assessment (EIA) reports are complete for two in situ oilsands projects — Canadian Natural Resources Limited’s proposed Pike 2 and Suncor Energy Inc.’s Lewis project.
March 10, 2020, 11 AM MDT
March 10, 2020, 11:02 AM MDT
March 10, 2020, 11:28 AM MDT
Sandy Lapointe has been designated by the minister of natural resources to act as chief executive officer of the Canada Energy Regulator (CER).
March 10, 2020, 4:55 AM MDT
Cheree Stephenson has tendered her resignation as VP finance and chief financial officer of Petrus Resources Ltd. to pursue other business opportunities.
March 10, 2020, 5:12 AM MDT
March 10, 2020, 8:41 AM MDT
March 10, 2020, 8:30 AM MDT
March 10, 2020, 8:50 AM MDT