TD Securities Inc. analysts said the firm had “materially” lowered its commodity price assumptions and industry estimates as a result of the demand destruction caused by COVID-19, and exacerbated by the dissolution of OPEC+ that had previously been acting as a governor of global crude oil supply.
March 19, 2020, 2:16 PM MDT
Citing the need to preserve financial liquidity, Baytex Energy Corp. says it is reducing its 2020 capital budget by 50 per cent at the midpoint to between $260 million and $290 million, from the original $500 million to $575 million announced in December 2019.
March 19, 2020, 6:45 AM MDT
Tamarack Valley Energy Ltd. has lowered its spending guidance to $95 million-$105 million, down from the previous $170 million-$180 million.
March 19, 2020, 12 AM MDT
As one of the world’s largest publicly traded engineering, procurement, construction (EPC) and maintenance companies, Fluor designs, builds, and maintains capital-efficient facilities for clients on six continents and delivers comprehensive solutions across a broad spectrum of industries including energy and chemicals, government, advanced technologies and life sciences, infrastructure and power, mining and metals, and operations and maintenance.
March 19, 2020, 6 AM MDT
Effective steam injection is a key component of steam-assisted gravity drainage (SAGD) development. When deploying outflow control devices (OCDs) as part of SAGD operations, steam injection effectiveness can be measured in operation time, number of on-site personnel required during operations and confirmation of OCDs shifting open — all three areas improved by the introduction of a new ball-activated OCD during field trials in Alberta’s oil sands.
March 19, 2020, 6 AM MDT
Decommissioning obligations may have an overwhelming impact on the viability of Western Canada’s oil and gas industry, says Randy Green, but he also sees a chance to empower stakeholders.
March 19, 2020, 6 AM MDT
Paramount Resources Ltd. lowered its 2020 capital guidance to a range of $185 million to $250 million, a reduction of approximately 46 per cent at mid-point from the originally planned range of $350 million to $450 million.
March 19, 2020, 5:48 AM MDT
Imperial Oil Limited is currently in a low capital investment period, however the company is currently reviewing spending plans in an effort to identify further efficiency opportunities.
March 19, 2020, 6:51 AM MDT
At Clarke Lake in northeastern British Columbia, the oil and gas sector and clean energy converge as Geoscience BC evaluates the potential to repurpose natural gas fields to host a pilot plant to generate geothermal energy and heat.
March 19, 2020, 10:23 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 19, 2020, as reported this morning by Rig Locator.
March 19, 2020, 11:38 AM MDT
Haisla Nation Chief Councillor Crystal Smith is proud to support LNG development in B.C. and says projects like LNG Canada’s gas terminal are giving her people a chance to escape poverty and have hope for the future.
March 19, 2020, 6 AM MDT
In these highly uncertain times, it is vital to quickly identify the producers around the world that are best protected against new and abrupt market changes.
March 19, 2020, 6 AM MDT
March 19, 2020, 2 PM MDT
March 19, 2020, 11:09 AM MDT
March 19, 2020, 10:57 AM MDT
March 19, 2020, 8:17 AM MDT
March 19, 2020, 7:58 AM MDT
The Alberta government brought in $965,342 at its Wednesday sale.
March 19, 2020, 10:44 AM MDT
In light of the continuing increase in cases of COVID-19, the BC Oil and Gas Commission (OGC) is closing its remaining four offices in Fort St. John, Victoria, Dawson Creek and Fort Nelson.
March 19, 2020, 11:17 AM MDT
March 19, 2020, 11:21 AM MDT
March 19, 2020, 11:15 AM MDT
High Arctic Energy Services Inc. has received formal notification from its main customer in Papua New Guinea (PNG) that it is suspending all drilling operations in the country until further notice.
March 19, 2020, 12 AM MDT
March 19, 2020, 7:38 AM MDT
March 19, 2020, 8:06 AM MDT
March 19, 2020, 8:40 AM MDT
March 19, 2020, 8:29 AM MDT
March 19, 2020, 8:47 AM MDT
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.