As COVID-19 containment halts mobility, worldwide oil demand for 2020 will likely fall by a record 9.3 million bbls/d, erasing almost a decade of growth, says the International Energy Agency (IEA) in its April oil market report.
April 15, 2020, 8:43 AM MDT
Evaluate Energy, the leading provider of essential data to Oil & Gas and Renewable Energy markets, is launching a new forecasting tool to assess the impact of COVID-19 on global petroleum demand.
April 15, 2020, 10:49 AM MDT
North Dakota’s Bakken formation, the Permian Basin and the Eagle Ford shale are home to some of North America’s lowest cost oil producers according to the latest data from Evaluate Energy.
April 15, 2020, 7:55 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of April 15, 2020, as reported this morning by Rig Locator.
April 15, 2020, 11:33 AM MDT
PMG is pleased to announce that due to the great response and significant enrollment to our online complimentary seminars.
April 15, 2020, 8:22 AM MDT
This week’s DOB Backstory comes from a 1947 article in the Daily Oil Bulletin (specific date is not included): Gulf Oil expands its operations in Alberta.
April 15, 2020, 6 AM MDT
Responding to a written request from the province of Quebec, the Impact Assessment Agency of Canada (IAAC) says it has extended the 180-day time limit for the planning phase under the Impact Assessment Act for Gazoduq Inc.'s proposed pipeline project.
April 15, 2020, 11:16 AM MDT
April 15, 2020, 10:53 AM MDT
April 15, 2020, 11:06 AM MDT
Evaluate Energy hedging data shows that North American oil producers had hedged over 100,000 bbls of oil per day heading in Q2 2020 under contracts that no longer protect these companies against a low price, with WTI and Brent both hitting 18-year lows this month.
April 15, 2020, 6 AM MDT
Peyto Exploration & Development Corp. has lowered its capital program and dividend in response to the effects of the COVID-19 pandemic on near term hydrocarbon demand and commodity prices.
April 15, 2020, 3:44 PM MDT
Zargon Oil & Gas Ltd. announced that Glenn Koach has resigned from its board of directors, effective immediately.
April 15, 2020, 12 AM MDT
The Saskatchewan government is implementing a series of relief measures for the provincial oil and gas sector in response to the unprecedented economic downturn resulting from the COVID-19 pandemic.
April 15, 2020, 7:59 AM MDT
April 15, 2020, 8:41 AM MDT
April 15, 2020, 8:22 AM MDT
In an effort to speed up cash flow and support the liquidity of active projects during the COVID-19 pandemic, Emissions Reduction Alberta (ERA) is temporarily adjusting its payment holdback policy to a lower percentage held until project completion.
April 15, 2020, 12 AM MDT
Surge Energy Inc. is suspending its dividend (approximately $33.5 million in annualized savings when combined with the previously announced March 9 dividend reduction) until such time as management and board see a sustainable recovery in world crude oil prices.
April 15, 2020, 12 AM MDT
To reduce debt within the current commodity environment, Vermilion Energy Inc. is suspending its monthly dividend until further notice following the payment of the March dividend of $0.115 previously declared for payment today.
April 15, 2020, 7:11 AM MDT
April 15, 2020, 8:13 AM MDT
April 15, 2020, 8:50 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.