A majority of shareholders have rejected a proposal calling on Enbridge Inc. to strengthen net-zero commitments by year-end 2022 to be consistent with a science-based, net-zero target. The board recommended that shareholders vote against the request at Wednesday’s annual general meeting, saying the company already bases its targets on science.
May 5, 2022, 12 AM MDT
Canadian Natural Resources Limited completed a “number of strategic acquisitions” in its core areas which will add long term value to shareholders, says the company’s top executive.
May 5, 2022, 1:03 PM MDT
Strong operational performance, including record natural gas production, helped drive Canadian Natural Resources Limited’s first quarter production volumes to 1.28 million boe/d, an increase of three per cent over the same period last year.
May 5, 2022, 10:55 AM MDT
Pembina Pipeline Corporation’s Peace Pipeline Phase VIII expansion has been reactivated and the Phase VII expansion is undergoing final commissioning and is expected to enter commercial service on June 1, 2022 ahead of schedule and under budget, the company said this afternoon in Q1 results.
May 5, 2022, 3:32 PM MDT
As the oil and gas industry struggles to reduce its greenhouse gas emissions and those of its suppliers, Microsoft Corp. offers a glimpse of the progress companies in the tech sector are making on climate.
May 5, 2022, 8:10 AM MDT
Alberta added $13.52 million in bonus bids at Wednesday’s land sale.
May 5, 2022, 7:30 AM MDT
Tourmaline Oil Corp. is expanding its exploration and production capital spend in 2022, according to a report covering the company’s results in the first quarter of this year.
May 5, 2022, 12 AM MDT
STARS would like to recognize the incredible contributions of the Petroleum Services Association of Canada (PSAC) and the 2022 PSAC STARS & Spurs Live Industry Auction & Gala committee.
May 5, 2022, 6 AM MDT
Despite high commodity prices and improved operator financials, the Canadian oil and gas sector still presents plenty of good acquisition targets for royalty and energy infrastructure company Topaz Energy Corp., company president and chief executive officer Marty Staples said during Topaz’s 2022 first quarter conference call.
May 5, 2022, 8:44 AM MDT
Kelt Exploration Ltd.’s board of directors has approved an increase to the company's capital expenditure program for 2022.
May 5, 2022, 11:18 AM MDT
Production of natural gas, crude oil, condensate and natural gas liquids (NGL) all reached double-digit percentage gains for Tourmaline Oil Corp. year-over-year in the first quarter of 2022.
May 5, 2022, 1:22 PM MDT
Coastal GasLink has noted two of eight section completions along the 670-kilometre route.
May 5, 2022, 12 AM MDT
Enerflex Ltd. achieved strong financial results during this year’s first quarter despite increased inflationary and competitive pressures, says executive management.
May 5, 2022, 10:39 AM MDT
Paramount Resources Ltd.’s sales volumes climbed in the first quarter of 2022.
May 5, 2022, 12 AM MDT
ConocoPhillips’s earnings in its Canadian segment surged in the first quarter, while production declined during the three-month period.
May 5, 2022, 6 AM MDT
May 5, 2022, 2:27 PM MDT
Pine Cliff Energy Ltd. announced a dividend on Wednesday in conjunction with Q1 results.
May 5, 2022, 12 AM MDT
PHX Energy Services Corp.’s 2022 capital expenditures budget is now expected to be $85 million, with the $37.3 million increase expected to be allocated toward purchasing up to 100 Atlas motors, 30 Velocity kits and additional PowerDrive Orbit RSS for delivery late in 2022 and into 2023.
May 5, 2022, 12 AM MDT
PHX Energy Services Corp. says it is currently evaluating courses of action for Phoenix TSR LLC, which includes extending the current suspension of any investments in Russia and continuing to examine opportunities to sell, transfer or wind down the division, which is expected to occur in the second quarter of 2022.
May 5, 2022, 12 AM MDT
Three new board members were named to the Alberta Indigenous Opportunities Corporation (AIOC) following its mandate expansion.
May 5, 2022, 3:01 PM MDT
First quarter revenues for NCS Multistage Holdings, Inc. were $39.1 million, an increase of 37 per cent compared to the first quarter of 2021.
May 5, 2022, 2:48 PM MDT
First quarter revenue for Western Energy Services Corp. increased by $13.5 million or 37 per cent, to $50.5 million in 2022 as compared to $37.0 million in the first quarter of 2021.
May 5, 2022, 3:18 PM MDT
May 5, 2022, 8:11 AM MDT
West Lake Energy Corp. announced its submission of a proposal to the Government of Alberta for a permit to evaluate a potential carbon capture sequestration hub.
May 5, 2022, 6:11 AM MDT
A partnership of energy companies signed a memorandum of understanding (MOU) to produce, transport, and burn hydrogen in a small-scale pilot project at the Suffield natural gas storage facility in Alberta.
May 5, 2022, 7:10 AM MDT
Validere has completed its acquisition of Clairifi Inc.
May 5, 2022, 8:18 AM MDT
May 5, 2022, 12 AM MDT
Perpetual Energy Inc. saw production levels increase for Q1 2022 thanks to nine (4.5-net) East Edson liquids-rich Wilrich gas wells brought on production during last year, which were partially offset by the Q3 2021 sale of Clearwater assets to Rubellite Energy Inc.
May 5, 2022, 2:19 PM MDT
May 5, 2022, 12 AM MDT
Petrus Resources Ltd. has entered into agreements with new lenders to the company which provide two new credit facilities totaling $55 million.
May 5, 2022, 2:53 PM MDT
The U.S. Department of Energy (DOE) today announced it is initiating a long-term replenishment plan for America’s strategic petroleum reserve (SPR) to ensure that the nation’s SPR will continue to “deliver on its mission as an available resource to alleviate domestic and global crude oil supply disruptions.”
May 5, 2022, 9:37 AM MDT
May 5, 2022, 2:35 PM MDT
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