A material increase in counterparty credit exposure is one benefit for midstream companies from consolidation in the upstream oil and gas space, says James Harbilas, executive vice-president and chief financial officer, AltaGas Ltd.
April 8, 2021, 6:23 AM MDT
Despite a recent strong uptick in merger and acquisition (M&A) activity, neither Peyto Exploration & Development Corp. nor Birchcliff Energy Ltd. are currently looking to enter the fray in a big way, the 2021 Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium heard Wednesday.
April 8, 2021, 10:21 AM MDT
Enerplus Corporation is acquiring assets in the Williston Basin from Hess Corporation for cash consideration of US$312 million.
April 8, 2021, 6:44 AM MDT
Following its asset acquisition in the Williston Basin announced this morning, Enerplus Corporation will increase its capital spending outlook for 2021.
April 8, 2021, 6:53 AM MDT
The BC Oil and Gas Commission’s (OGC) longest serving commissioner and CEO, Paul Jeakins, is retiring at the end of his second term on Oct. 27, 2021.
April 8, 2021, 2:10 PM MDT
Any longtime reader of my columns in the DOB should know I’m no fan of Crown Prince Mohammed bin Salman, the de facto leader of Saudi Arabia, for his despotic ways.
April 8, 2021, 9:53 AM MDT
Conventional oil operators are laser focused on returns on capital employed and increasing free cash flow as the COVID-19 pandemic recedes and commodity prices stabilize, three sector leaders told the Scotiabank-Canadian Association of Petroleum Producers (CAPP) Energy Symposium this week.
April 8, 2021, 9:19 AM MDT
White Whale Analytics Ltd.’s latest machine-learning technology, DeepSea, centres around well production analysis that can accurately forecast estimated ultimate recovery of more than 10,000 wells in under three minutes.
April 8, 2021, 6:43 AM MDT
Argentina is the eight largest country in the world by area and contains one of the largest shale opportunities outside of North America. The Vaca Muerta shale hosts the second largest shale gas resource and fourth largest shale oil resource in the world. It has a significant impact on the economy and was 25% of the total oil production and 22% of the gas production in Argentina at the end of 2020.
April 8, 2021, 7:22 AM MDT
On May 13, 2020, the Alberta government issued Information Letter 2020-22, applying a royalty to helium.
April 8, 2021, 7:46 AM MDT
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April 8, 2021, 11:16 AM MDT
Alberta’s Wednesday land sale brought $2.1 million into government coffers.
April 8, 2021, 8:47 AM MDT
The April 6, 2021 Saskatchewan land sale generated $1.93 million.
April 8, 2021, 9:51 AM MDT
Saskatchewan’s premier is still holding out hope for the Keystone XL pipeline despite the changes and uncertainty in the U.S. energy sector.
April 8, 2021, 11:33 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of April 8, 2021, as reported this morning by Rig Locator.
April 8, 2021, 11:42 AM MDT
Equinor and SSE Thermal unveiled plans to jointly develop two first-of-a-kind, low-carbon power stations in the U.K.’s Humber region, comprising one of the U.K.’s first power stations with carbon capture and storage (CCS) technology, and what the companies said is the world’s first 100 per cent hydrogen-fuelled power station.
April 8, 2021, 12 AM MDT
BluEarth Renewables signed a long-term power purchase agreement (PPA) with Shell Energy North America (Canada), Inc.
April 8, 2021, 10:32 AM MDT
Inter Pipeline Ltd. will report first quarter 2021 operating and financial results under a new business structure to align with how it manages budgets and commercially operates its business.
April 8, 2021, 6:58 AM MDT
Pieridae Energy Limited has granted five million common share purchase warrants to Erikson National Energy Inc.
April 8, 2021, 9:45 AM MDT
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April 8, 2021, 7:51 AM MDT