In recent years and for myriad reasons, publicly-traded Canadian oil and gas stocks have increasingly failed to attract the eyes and wallets of investors, but some industry analysts believe that tide may be turning and a rebound for some Toronto Stock Exchange-listed companies may be in the offing.
January 28, 2021, 6 AM MST
Cenovus Energy Inc. says its “disciplined” 2021 capital budget of $2.3–$2.7 billion includes sustaining capital of approximately $2.1 billion to deliver upstream production of approximately 755,000 boe/d and downstream throughput of approximately 525,000 bbls/d.
January 28, 2021, 11:18 AM MST
Cenovus Energy Inc.’s top executive confirmed this morning that the company is well on its way to slashing 20 to 25 per cent of its combined workforce of about 8,600 employees that was on the payroll post-merger with Husky Energy Inc.
January 28, 2021, 11:41 AM MST
Murphy Oil Corporation has earmarked US$95 million in capital spending this year for its Canadian onshore business.
January 28, 2021, 9:51 AM MST
The proposed Suncor Energy Inc. base mine extension project in Alberta has been referred to an independent review panel.
January 28, 2021, 3:40 PM MST
The Petroleum Services Association of Canada (PSAC) now estimates 3,350 wells will be drilled (rig released) in 2021, up from 2,600 wells in the initial forecast released late last year.
January 28, 2021, 9:07 AM MST
Circumstances have changed dramatically from 2019 when the Canadian Energy Regulator approved the Temporary Service Protocol on the NOVA Gas Transmission Ltd. (NGTL) system, counsel for three gas producers told a hearing Wednesday on the proposed extension of the TSP.
January 28, 2021, 8:19 AM MST
The communication, discussion, and debate of ESG topics throughout 2020 increased exponentially, with investors and stakeholders placing significant pressure on companies to improve implementation and reporting of related metrics. However, the union of two topics: ESG and Supply Chain Management, is not easily understood or readily addressed.
January 28, 2021, 6:54 AM MST
Focusing on the here and now is an understandable knee-jerk strategy to mitigate immediate risks, but it comes with a cost for Canadian oil and gas companies.
January 28, 2021, 6 AM MST
Essential insights into how best to guide an energy sector acquisition or divestiture through Canada’s oil and gas regulatory process will be provided during a new e-learning course in March.
January 28, 2021, 6 AM MST
Deals in the United States and Canada were responsible for around 84% of the $93 billion in upstream deals agreed worldwide in Q4 2020, according to the latest data from Evaluate Energy.
January 28, 2021, 6:59 AM MST
Canadian Pacific Railway Limited expects its crude-by-rail business will benefit from U.S. President Joe Biden’s formal revoking of the permit needed to build the Keystone XL pipeline, which would have carried some 830,000 bbls/d of Alberta oilsands crude to Nebraska.
January 28, 2021, 7:47 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Jan. 28, 2021, as reported this morning by Rig Locator.
January 28, 2021, 11:34 AM MST
TransGlobe Energy Corporation’s 2021 capital program of $27.2 million (before capitalized G&A) includes $10.6 million for Canada and $16.6 million for Egypt.
January 28, 2021, 12 AM MST
January 28, 2021, 10:44 AM MST
B.C. is reducing rates and lowering the costs of connecting to the electricity grid to help industries, public transportation agencies and neighbourhood energy systems reduce greenhouse gas emissions and attract new cleantech industries to British Columbia.
January 28, 2021, 11:06 AM MST
Linda Southern-Heathcott has been named executive chair and CEO of AKITA Drilling Ltd.
January 28, 2021, 12 AM MST
Obsidian Energy Ltd. has extended its syndicated credit facility to Feb. 26, 2021.
January 28, 2021, 12 AM MST
Royal Helium Ltd.’s Climax-2 helium exploration well was spudded Jan. 26 with a target depth of 2,600 metres targeting the Deadwood formation, a sand and shale sequence that is known to produce helium in Saskatchewan.
January 28, 2021, 6:47 AM MST
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