The development of a liquefied natural gas (LNG) export industry promises to create opportunities across the supply chain to put Canadian companies back to work or expand operations, finds a newly released report, LNG: Canada’s Supply Chain Opportunities.
April 29, 2020, 6 AM MDT
The second annual Energy Excellence Awards (EEAs) program, presented by the Daily Oil Bulletin, uniquely recognizes energy excellence and focuses on the advancement of collaboration within Canada’s energy industry. Today, we feature the best in Innovation and Technology Excellence in the subcategory of Drilling through Completions.
April 29, 2020, 6 AM MDT
Husky Energy Inc.’s top executive says the company continues to take the needed steps to navigate through the current treacherous industry conditions but warns that an economic recovery and a rebound for the energy sector won’t be happening anytime soon.
April 29, 2020, 10:34 AM MDT
While so far the market appears to be responding to reduced global oil demand, it’s important that the Alberta government keep a close eye on the growth of crude oil storage levels in the province and have a plan should it see storage heading towards its upper limits, says the chief executive of Cenovus Energy Inc.
April 29, 2020, 11:45 AM MDT
With crude oil prices near historic lows, the chief executive officer of Cenovus Energy Inc. said Wednesday that despite the current market volatility he’s in no hurry to put hedges in place, although he won’t rule it out if prices were to improve.
April 29, 2020, 2:59 PM MDT
Cenovus Energy Inc. reported a net loss of $1.8 billion in the first quarter of 2020 compared to a $110 million profit in the comparable 2019 quarter, reflecting the combined impact of reduced oil demand due to the COVID-19 pandemic and the Saudi-Russia price war.
April 29, 2020, 9:24 AM MDT
Keith Casey, chief executive officer of Tatanka Midstream LLC, a private midstream company in Houston has been elected to the board of directors of Cenovus Energy Inc.
April 29, 2020, 3:11 PM MDT
In Q1 2020, a total of just US$21 billion in new upstream oil and gas M&A deals were agreed against a torrid backdrop of COVID-19 demand decline and an industry price war.
April 29, 2020, 6:40 AM MDT
In an article penned by Sayer Energy Advisors in April of 2018 we posed the question; “Will Increased Strategic Alternatives Processes Kick-Start Consolidation?”.
April 29, 2020, 7:20 AM MDT
2019 was a very positive year for the Latin American upstream industry, according to analysis provided in the latest report released by Evaluate Energy, the Daily Oil Bulletin and Sproule.
April 29, 2020, 6 AM MDT
Vermilion Energy Inc. says it has had only “moderate impacts” on its operations due to COVID-19, with those effects stemming solely from reduced availability of third party services in France.
April 29, 2020, 3:34 PM MDT
In response to the continued deterioration of industry conditions since March 27, 2020, Calfrac Well Services Ltd. has implemented further reductions to the number of staffed fleets capable of being deployed in its North American operations, which have decreased from 19 as of Feb. 29, 2020 to five fleets at present.
April 29, 2020, 3:34 AM MDT
CNOOC Limited has reduced its annual net production target for 2020 from 520-530 million boe to 505-515 million boe and total capital expenditures for 2020 from RMB 85-95 billion to RMB 75-85 billion.
April 29, 2020, 3:56 AM MDT
Athabasca Oil Corporation says it is taking further actions in response to the decline in global oil prices to bolster balance sheet strength and corporate resiliency.
April 29, 2020, 6:54 AM MDT
It was a short and not very sweet annual meeting Tuesday for Calgary-based Wesern Energy Services Corp., held in a virtual formal, given the COVID-19 requirements limiting large gatherings.
April 29, 2020, 7:07 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of April 29, 2020, as reported this morning by Rig Locator.
April 29, 2020, 11:35 AM MDT
Gain fresh insight into contract pricing and changing E&P oil and gas hedging trends in this insightful 30-minute webinar from Evaluate Energy analysts. This will include estimates of the financial impact hedging will have on upstream industry earnings.
April 29, 2020, 6 AM MDT
Canadian Pacific Railway Limited set a crude-by-rail record in Q1 2020, moving more than 36,000 carloads. However, given COVID-19 and low oil prices, the company expects far fewer crude shipments in the second quarter.
April 29, 2020, 12 AM MDT
As a native Texan, Bryce Bernhard is used to weathering a few storms, but the storm that has hit Alberta’s oil industry-reliant economy in the last four or five years may not have been quite what he expected when he moved from that state to the province in 2010.
April 29, 2020, 7:54 AM MDT
Some oil companies have sent emergency responders and equipment to deal with the flooding in Fort McMurray while keeping a close eye on their oilsands operations.
April 29, 2020, 9:52 AM MDT
Yangarra Resources Ltd. will qualify for 75 per cent wage coverage from the federal government due to the significant reduction in revenue from 2019.
April 29, 2020, 3:53 PM MDT
April 29, 2020, 8:23 AM MDT
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April 29, 2020, 10:33 AM MDT
TC Energy Corporation says that it has completed the sale of its interests in three Ontario natural gas-fired power plants to a subsidiary of Ontario Power Generation Inc. for net proceeds of approximately $2.8 billion prior to post-closing adjustments.
April 29, 2020, 3:05 PM MDT
Leucrotta Exploration Inc.’s capital spending will be limited on a go-forward basis until there is more clarity on commodity prices.
April 29, 2020, 4:09 AM MDT
In response to the decrease in oil prices, Razor Energy Corp. has shut in all of its operated heavy oil production, along with certain light oil wells which are sub-economic at current prices.
April 29, 2020, 12 AM MDT
The Alberta Energy Regulator (AER) provided its conditional approval of the licence transfers associated with the Red Earth divestiture, said Highwood Oil Company Ltd.
April 29, 2020, 4:22 AM MDT
Clearview Resources Ltd. has decided to shut-in approximately 50 per cent of its production, comprising of primarily oil volumes and the associated natural gas.
April 29, 2020, 4:50 AM MDT
Total Energy Services Inc. has repaid a $40.2 million term loan that matured on April 29, 2020 with the proceeds from a new $50 million term loan that matures on April 29, 2025.
April 29, 2020, 9:04 AM MDT
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