Operators drilled close to four million metres of hole across Canada (excluding experimental wells) in the first two months of 2020, up nearly 25 per cent from a year ago, before the effects of the coronavirus and the OPEC/Russia price war started to influence drilling plans.
March 26, 2020, 9:33 AM MDT
With worries about the impacts on Canada’s energy sector from the Saudi-Russia oil price war, concerns over an economic fallout and the looming prospect of a global recession, not to mention fears surrounding COVID-19, it is a good idea for those feeling overwhelmed to find strategies that help them feel under control, says Anita DeLongis, limited as those strategies might be.
March 26, 2020, 6:47 AM MDT
The Canada Energy Regulator (CER) has approved an application from NOVA Gas Transmission Ltd. (NGTL) for system rate design and services, finding that it will result in tolls that are just and reasonable and not unjustly discriminatory.
March 26, 2020, 7:07 AM MDT
The Canada Energy Regulator (CER) has directed NOVA Gas Transmission Ltd. (NGTL) to further evaluate potential cross subsidization between delivery points on its system.
March 26, 2020, 7:19 AM MDT
The B.C. Ministry of Energy, Mines and Petroleum Resources will not be accepting posting requests and will not dispose of new petroleum and natural gas (PNG) tenure effective immediately.
March 26, 2020, 3:25 PM MDT
Canadian governments need to quickly become involved in providing more flexible financing to help cash-strapped energy companies stay solvent through the Saudi-Russia oil price war and the COVID-19 crisis so they can help in the economic recovery when conditions improve, says a new report.
March 26, 2020, 9:24 AM MDT
The Alberta government by early next week expects to have settled on a list of what constitutes critical infrastructure and essential services in the event of a province-wide shutdown in response to the COVID-19 outbreak, says Premier Jason Kenney.
March 26, 2020, 6:50 AM MDT
Already grappling with infrastructure challenges, the Canadian petroleum industry now faces COVID-19 and a near-complete crude price collapse.
March 26, 2020, 6:48 AM MDT
March 26, 2020, 10:47 AM MDT
March 26, 2020, 8:07 AM MDT
March 26, 2020, 11 AM MDT
March 26, 2020, 11:14 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of March 26, 2020, as reported this morning by Rig Locator.
March 26, 2020, 11:42 AM MDT
Precision Drilling Corporation received formal notice of non-compliance with the New York Stock Exchange share price continued listing standards, which require a listed common stock to maintain a minimum average closing price of US$1 per share for 30 consecutive trading days. In response, Precision intends to satisfy all of the specified requirements to cure the deficiency.
March 26, 2020, 7:40 AM MDT
March 26, 2020, 7:53 AM MDT
March 26, 2020, 7:46 AM MDT
March 26, 2020, 7:59 AM MDT