The Alberta government says it is working with TC Energy Corporation “to explore all options” to advance the Keystone XL project and is “strongly encouraging the Government of Canada to do the same,” the province said in budget documents released this afternoon.
February 25, 2021, 3:35 PM MST
In 2021/22, the Alberta government will spend $3.1 billion “to support economic recovery and sector strategies,” including on technology and innovation.
February 25, 2021, 3:35 PM MST
The Alberta government is forecasting higher bitumen and crude oil royalties for the 2021/22 fiscal year, following a plunge the previous year as a result of COVID-19 and low oil prices.
February 25, 2021, 3:35 PM MST
Alberta’s natural gas and by-product royalties are forecast to climb to $467 million in 2021/22, $171 million, or 58 per cent higher than 2020/21.
February 25, 2021, 3:35 PM MST
Evolugen, the Canadian operating business of Brookfield Renewable, and Gazifère Inc., an Enbridge Inc. company, plan to build one of Canada's largest green hydrogen projects for injection into a natural gas distribution network in Quebec.
February 25, 2021, 5:58 PM MST
The impacts from COVID-19 and lower oil prices were in full effect in the Alberta budget, with the deficit expected to come in at $18.2 billion for 2021/22.
February 25, 2021, 3:35 PM MST
Becoming a world leading investment site for carbon capture utilization and storage (CCUS) and potentially hydrogen is the simplest pathway for Alberta to have an energy future despite declining global oil demand, an energy consultant said Wednesday.
February 25, 2021, 8:09 AM MST
Baytex Energy Corp. says it intends to implement a heavy oil drilling program in the second half of the year in which it could drill up to 30 net wells at Lloydminster and six net wells at Peace River.
February 25, 2021, 10:57 AM MST
PetroLMI has released December 2020 and Annual 2020 data from Statistics Canada’s Labour Force Survey (LFS), providing a glimpse into the state of the Canadian oil and gas industry labour market at year-end.
February 25, 2021, 6 AM MST
For more than a decade, Crescent Point Energy has provided funding to support STARS Air Ambulance in its life-saving mission to bring emergency medical services to rural and remote locations.
February 25, 2021, 11:05 AM MST
Whitecap Resources Inc. expects its capital expenditures in 2021 of approximately $280–$300 million to generate average production of approximately 100,000 boe/d.
February 25, 2021, 10:19 AM MST
Suncor Energy Inc. would be “super interested” in a nuclear reactor technology that could replace the energy intensive natural gas fired boilers and steam generators in its oilsands extraction, a company executive said Wednesday.
February 25, 2021, 9:27 AM MST
Enerflex Ltd. expects capital expenditures could reach $50 million to $100 million this year, with approximately $20 million to $25 million spent on maintenance capex, and the rest going towards value-added growth projects.
February 25, 2021, 11:15 AM MST
Despite a year of “significant uncertainty” that brought many challenges to the energy sector, including his company, Grant Fagerheim, Whitecap Resources Inc.’s president and CEO, says the company had a solid finish to 2020, “which positioned us well” heading into 2021.
February 25, 2021, 9:52 AM MST
Although the oil and gas industry’s activity and outlook have improved throughout the last few months, pricing for the Canadian oilfield services sector has not improved to match, says the chief executive at Trican Well Service Ltd.
February 25, 2021, 8:52 AM MST
With LNG Canada to be operational by 2025, Trican Well Service Ltd. sees some customers starting to plan out how they will fulfill their production needs once liquefied natural gas exports begin: Good news for Trican.
February 25, 2021, 9:21 AM MST
Trican Well Service Ltd. expects to have its inaugural sustainability report out in the back half of 2021, as the oilfield services firm keeps responding to customer and internal environmental, social and governance (ESG) needs.
February 25, 2021, 9:05 AM MST
Drilling rig activity in Western Canada and the Top 10 active operators as of Feb. 25, 2021, as reported this morning by Rig Locator.
February 25, 2021, 11:41 AM MST
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February 25, 2021, 12 AM MST
New data from Evaluate Energy shows that 74 GW in existing and future wind power generation capacity have changed hands in 222 M&A transactions around the world in 2020.
February 25, 2021, 7:44 AM MST
The Upper Devonian Duvernay Formation mudstone is an important hydrocarbon source rock in the Western Canada Sedimentary Basin and has been a significant unconventional reservoir since 2011.
February 25, 2021, 6 AM MST
Naveen Dargan, a long-standing board member, has announced his intent to retire from the Baytex Energy Corp. board of directors at the 2021 annual meeting of shareholders to be held in April.
February 25, 2021, 10:36 AM MST
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