As the world sits on the precipice of a new low-carbon economy, built on renewable energy and energy storage, there may be few other countries as well positioned to take advantage of the transition as Canada. And one of the potential avenues to exploit the wave could be sitting in plain sight in Alberta’s oilfields.
April 16, 2020, 12 AM MDT
A new forecasting tool to assess the impact of COVID-19 on global petroleum demand launched by Evaluate Energy deviates from most other traditional forecast modeling groups and is currently predicting steeper demand destruction and a recovery that could take longer than other assessments suggest.
April 16, 2020, 12 AM MDT
California is home to two of North America’s highest cost oil producers by far according to latest data from Evaluate Energy.
April 16, 2020, 10:36 AM MDT
As a result of a depressed market and COVID-19 impacts, a final investment decision (FID) for Pieridae Energy Limited’s Goldboro LNG project will be delayed beyond Sept. 30, 2020.
April 16, 2020, 7:22 AM MDT
Three cases of COVID-19 have been confirmed at Imperial Oil Limited’s Kearl Lake oilsands project and another six persons have been tested and isolated pending the outcome of testing, Alberta’s chief medical officer of health said Wednesday.
April 16, 2020, 12 AM MDT
ConocoPhillips says it is cutting back production at its Surmont SAGD project in Canada due to low Western Canada Select prices and wide differentials and by May expects to reduce production by approximately 100,000 bbls/d of oil (gross) to 35,000 bbls/d.
April 16, 2020, 11:37 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of April 16, 2020, as reported this morning by Rig Locator.
April 16, 2020, 11:43 AM MDT
The Daily Oil Bulletin has published the March edition of the On The Move newsletter.
April 16, 2020, 6 AM MDT
April 16, 2020, 8:51 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 16, 2020, 6 AM MDT
Essential Energy Services Ltd. has reduced its 2020 spending forecast to $2 million from $5 million.
April 16, 2020, 4:03 PM MDT
The BC Oil & Gas Commission (OGC) is deferring the payment due date for the 2019/20 annual pipeline liability levy from 30 days to 90 days.
April 16, 2020, 4 AM MDT
Gear Energy Ltd. has chosen to immediately pursue reductions to the variable costs of the business in an effort to maximize funds from operations.
April 16, 2020, 8:51 AM MDT
April 16, 2020, 8:41 AM MDT
April 16, 2020, 8:16 AM MDT
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April 16, 2020, 8:24 AM MDT
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