While current natural gas prices and the forward strip are supportive of increased activity this winter drilling season and further into 2021, analysts say it won’t be full-out with the drill bit and Montney players will continue to lead the charge with the Deep Basin likely seeing a slight uptick.
October 27, 2020, 6 AM MDT
Unconventional oil is expensive oil, and as the world becomes more reliant on this resource, the crude price should increase, says Richard Norris, managing director of Pandreco Energy Advisors. This is true even in a scenario where the economy transitions to other forms of energy.
October 27, 2020, 6:28 AM MDT
The combination of Cenovus Energy Inc. and Husky Energy Inc. will create one of North America’s top 10 producers.
October 27, 2020, 8:01 AM MDT
MEG Energy Corp.’s top executive says it’s unlikely his company will participate in the recent “consolidation theme” witnessed in North America and topped-off in Canada with Sunday’s announcement of the Cenovus Energy Inc.-Husky Energy Inc. merger.
October 27, 2020, 8:19 AM MDT
MEG Energy Corp.’s third quarter bitumen production decreased to 71,516 bbls/d from 75,687 bbls/d in the second quarter of 2020 and was down substantially from 93,278 bbls/d in the third quarter of last year.
October 27, 2020, 9:04 AM MDT
Tourmaline Oil Corp. was the top operator across the basin during the first nine months of 2020 based on metres drilled, including experimental/test wells.
October 27, 2020, 10:05 AM MDT
Vancouver-based Teck Resources Limited, which has a stake in Suncor Energy Inc.’s Fort Hills oilsands project, is looking at selling that interest in the future, according to the company’s president and CEO.
October 27, 2020, 11:15 AM MDT
One of Steeelhaus core values is continuous innovation. To this end Steelhaus customers will always be collaborative partners, and their feedback continuously drives improvement.
October 27, 2020, 6 AM MDT
This informative two-day conference and 3-hour workshop will bring together stakeholders from government organizations, regulatory bodies, oil and gas producing companies, service and supply companies, research centres, and academic institutions to discuss and collaborate on various aspects of oil and gas methane emission detection, mitigation, and reporting, such as: regulations, policies, research, technology development and deployment, and best practices, to meet the 45% methane reduction target by 2025.
October 27, 2020, 6 AM MDT
The Canada Energy Regulator (CER) has denied a notice of motion from Canadian Natural Resources Limited seeking summary dismissal of Enbridge Inc.’s application seeking approval to convert its Mainline service to contract service from common carriage.
October 27, 2020, 10:46 AM MDT
Growing up in Calgary with a keen interest in environmental issues, Jill Viccars vowed that she would never work in or for the oil and gas industry, even though her father and two siblings work in it.
October 27, 2020, 8:38 AM MDT
Suncor Energy Inc. is moving its downstream head office to Calgary, the company said today.
October 27, 2020, 11:34 AM MDT
October 27, 2020, 11:03 AM MDT
October 27, 2020, 11:06 AM MDT
Attention all innovators: The Alberta government is investing $50 million in Technology Innovation and Emissions Reduction (TIER) funding, delivered by Alberta Innovates, to create jobs, grow the province’s cleantech sector, and reduce greenhouse-gas (GHG) emissions.
October 27, 2020, 3:19 PM MDT
NOVA Gas Transmission Ltd. (NGTL) has filed an application with the Canada Energy Regulator (CER) for approval to build and operate the proposed NGTL West Path Delivery 2023 project.
October 27, 2020, 3:25 PM MDT
Automation and AI together can augment your core strengths, supplement your weaknesses and empower your people to focus on what is important. Plus, automation can provide immediate ROI including short term payback on costs.
October 27, 2020, 6 AM MDT
Wells that produce high water cuts offer a particularly daunting challenge when applying RTA (Rate Transient Analysis). Often times the saturations obtained from internal sources simply does not match what is being seen in the raw production data.
October 27, 2020, 6 AM MDT
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October 27, 2020, 11:14 AM MDT
The Canada Energy Regulator will hold a further process to assess an application from the Explorers and Producers Association of Canada (EPAC) to extend the Temporary Service Protocol (TSP) on the NOVA Gas Transmission Ltd. (NGTL) System tariff that gives shippers easier access to storage during periods of pipeline maintenance.
October 27, 2020, 9:07 AM MDT
Western Energy Services Corp. saw revenue fall 71 and 50 per cent for the three and nine months ended Sept. 30, 2020, respectively, to $13.44 million and $76 million, as COVID-19 had a significant impact on customer demand and utilization of both drilling and service rigs.
October 27, 2020, 8:37 AM MDT
There were 44 wells spud (93 per cent oil) on PrairieSky Royalty Ltd. lands during the third quarter with a focus on Viking, Bakken and Leduc units (18 wells), as well as 12 new Viking wells and six new wells in the Clearwater oil play.
October 27, 2020, 7:11 AM MDT
October 27, 2020, 8:14 AM MDT
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October 27, 2020, 8:31 AM MDT