Oil and gas sector industry associations continue to put forward recommendations to the federal government designed to further alleviate the damaging impact COVID-19 has had on financials and balance sheets.
June 30, 2020, 6:46 AM MDT
Dented global energy demand owing to the coronavirus pandemic portends a quiet summer for drilling activity across North America.
June 30, 2020, 11:15 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of June 30, 2020, as reported this morning by Rig Locator.
June 30, 2020, 11:34 AM MDT
The Saskatchewan government is investing $400,000 as part of its Methane Action Plan (MAP) to support field-testing research on innovative methane emission reduction technologies.
June 30, 2020, 11:06 AM MDT
Global demand for low-cost, low-carbon energy is challenging the future prosperity of Canada’s hydrocarbon sector, says a new report.
June 30, 2020, 10:44 AM MDT
One of Canadian Global Exploration Forum’s Directors recently sat down (virtually) with Corey Ruttan, CEO of CGEF Member Company Alvopetro Energy Ltd.
June 30, 2020, 6 AM MDT
June 30, 2020, 10:57 AM MDT
The Daily Oil Bulletin will not publish on Wednesday due to the Canada Day holiday. We resume publishing on Thursday, July 2. Happy Canada Day!
June 30, 2020, 12 AM MDT
Spring breakup conditions were unusually wet in the Edson area due to the above average winter snowfall and colder temperatures that drove frost deeper into the ground.
June 30, 2020, 7:01 AM MDT
June 30, 2020, 10:07 AM MDT
Paramount Resources Ltd. has completed amendments to its senior secured revolving bank credit facility with the unanimous support of its nine-bank syndicate.
June 30, 2020, 5:56 AM MDT
TORC Oil & Gas Ltd.’s credit facility has been confirmed at $425 million, with the borrowing base determination dates under the credit agreement to be amended to May and November annually, from April and October.
June 30, 2020, 12 AM MDT
Cardinal Energy Ltd. has received approval to extend the revolving period applicable to the company’s existing reserves-based credit facility to July 15, 2020.
June 30, 2020, 4:08 AM MDT
Cathedral Energy Services Ltd. confirmed that the amendments to its existing credit facility are now in force.
June 30, 2020, 12 AM MDT
Following a complete production shut-in during the month of May, Altura Energy Inc. has returned production volumes in June to approximately 550 boe/d.
June 30, 2020, 6:04 AM MDT
Western Energy Services Corp. and Alberta Investment Management Corporation, the lender under its second lien credit facility, have agreed to amend the second lien facility credit agreement to provide that the payment of interest and a portion of principal that Western would have been required to pay on July 2, 2020 will now be due on Sept. 1, 2020.
June 30, 2020, 3:08 PM MDT
Yangarra Resources Ltd. has completed its annual borrowing base review and the syndicated senior credit facility has been confirmed at $210 million of which the company was drawn approximately $195 million.
June 30, 2020, 1:51 PM MDT
For the second quarter of 2020, ConocoPhillips’s curtailments were primarily related to oil production and averaged approximately 225,000 boe/d on a net basis.
June 30, 2020, 7:10 AM MDT
Acceleware Ltd. has completed a 500-kilowatt field test of its radio frequency converter prototype designed in collaboration with General Electric Company research.
June 30, 2020, 8:25 AM MDT
Cold Bore Technology Inc.’s co-founder and president, Brett Chell, has assumed the role of chief executive officer.
June 30, 2020, 9:33 AM MDT
G2S2 Capital Inc. has disposed of 4.68 million common shares of Bonavista Energy Corporation, decreasing G2S2's holdings to 35.61 million common shares representing 13.48 per cent of Bonavista's outstanding common shares.
June 30, 2020, 9:58 AM MDT
June 30, 2020, 7:58 AM MDT
June 30, 2020, 7:54 AM MDT
June 30, 2020, 7:49 AM MDT
Patterson-UTI Energy Inc. delisted six rigs from the Canadian Association of Oilwell Drilling Contractors (CAODC), effective as of Wednesday, taking all of them out of service.
June 30, 2020, 11:51 AM MDT
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