The Canadian oil and gas industry needs “net-zero” emissions which has now become a tool for competitiveness, not only a tool for the environment and the “right thing to do,” Canada’s natural resources minister said Monday.
June 23, 2020, 6:42 AM MDT
Although the federal government still has “a ways to go” in delivering assistance to the beleaguered oil and gas industry, Natural Resources Minister Seamus O’Regan said Monday it is working to “try to get it right.”
June 23, 2020, 11:26 AM MDT
King Salman has painted his kingdom into a corner by concentrating power in his matrilineal line of the royal family, and his young and inexperienced son Mohammad bin Salman (MBS) in particular, since ascending the throne in January 2015. By making MBS crown prince in June 2017, after pushing aside two previous princes from other lines of the family, and making his son de facto ruler of Saudi Arabia, the king has inadvertently made the House of Saud brittle.
June 23, 2020, 7:32 AM MDT
The impact of demand destruction and oversupply resulting in negative oil prices was realized in April when western Canadian operators began to shut in oil production. Oil production fell to 2.144 million bbls/d in April, a 22 per cent or 591,000-bbl/d reduction from December levels of 2.736 million bbls/d.
June 23, 2020, 11:05 AM MDT
For Mark McCutcheon and Donald Dipsingh, the COVID-19 pandemic brought progressing careers to a sudden stop.
June 23, 2020, 9:44 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 23, 2020, as reported this morning by Rig Locator.
June 23, 2020, 11:33 AM MDT
Source Energy Services Ltd. has extended and expanded its contract with Shell Canada Limited.
June 23, 2020, 12 AM MDT
June 23, 2020, 8:03 AM MDT
June 23, 2020, 8:07 AM MDT
Canadian Heavy Oil Association president Caralyn Bennett has been named to Acceleware Ltd.’s board of directors.
June 23, 2020, 9:12 AM MDT
Environmental reporting temporarily paused by government during the provincial public health emergency will resume on July 15, four weeks earlier than planned, the Alberta government announced this morning.
June 23, 2020, 11:18 AM MDT
June 23, 2020, 11:01 AM MDT
Toscana Energy Income Corporation has entered into an arrangement agreement with i3 Energy plc under which i3 Energy will directly acquire all of the issued and outstanding common shares in the capital of Toscana.
June 23, 2020, 12 AM MDT
June 23, 2020, 8:26 AM MDT
Obsidian Energy Ltd. has it anticipates that as of July 1, 2020 it will have returned approximately 3,300 boe/d or 88 per cent of its previously announced shut-in volumes with July 2020 production expected to average 26,100 boe/d (65 per cent oil and NGL).
June 23, 2020, 10:44 AM MDT
Canadian Natural Resources Limited priced unsecured notes.
June 23, 2020, 12 AM MDT
Imperial Oil Limited has received final acceptance from the Toronto Stock Exchange (TSX) for a limited normal course issuer bid (NCIB) to repurchase up to 50,000 common shares during the next 12 months.
June 23, 2020, 6:47 AM MDT
Cold Bore Technology Inc. today outlined results from a partnership with Permian-based oil and gas producer, Hibernia Resources.
June 23, 2020, 9:35 AM MDT
June 23, 2020, 8:39 AM MDT
June 23, 2020, 8:46 AM MDT
June 23, 2020, 8:57 AM MDT
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