As the energy transition quickens, global carbon capture, utilization and storage (CCUS) projects are on track to pull more than 550 million tonnes of CO2 out of the atmosphere every year by 2030, representing a more than tenfold increase over today’s 45 million tonnes per annum, Norwegian consultancy Rystad Energy said.
May 16, 2022, 12 AM MDT
A proposed liquified natural gas project on Canada’s East Coast is gaining support but still has some hurdles to clear.
May 16, 2022, 12 AM MDT
Unstable and uncertain supply chains resulted in rampant cost inflation for oilfield chemical supply firm CES Energy Solutions Corp. early in the first quarter of 2022, resulting in rapidly declining profit margins, company president and chief executive officer Ken Zinger told shareholders at the company’s quarterly conference call Friday.
May 16, 2022, 9:09 AM MDT
The whole divestment movement is much like a vampire that just will not die, says William McNally, professor of finance at Wilfrid Laurier University, and this is despite evidence against such campaigns doing anything positive.
May 16, 2022, 6 AM MDT
May 16, 2022, 10:46 AM MDT
Energy companies have an opportunity to utilize their data better to reduce costs and improve productivity by adopting a “manufacturing” approach to managing its data.
May 16, 2022, 9:42 AM MDT
As a result of the strong economics of the recent drilling programs, Saturn Oil & Gas Inc. has increased its 2022 capital expenditures budget by $6 million with three additional wells to be drilled at the Oxbow asset and the drilling of three additional wells in the Viking asset.
May 16, 2022, 7:30 AM MDT
May 16, 2022, 8:03 AM MDT
May 16, 2022, 8:55 AM MDT
With the completion and tie-in of three (0.75 net) wells at Kakwa Central, current production for Questerre Energy Corporation is over 2,000 boe/d.
May 16, 2022, 8:12 AM MDT
Cathedral Energy Services Ltd. saw increased demand for its services in Q1 2022 as higher commodity prices and improved cash-flow projections for oil and gas producers led to expanded drilling programs.
May 16, 2022, 9:40 AM MDT
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May 16, 2022, 12 AM MDT
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