After encountering significant challenges due to the global COVID-19 pandemic in 2020, the oil and gas industry in Alberta rebounded in 2021 and that momentum will continue this year, says the Alberta Energy Regulator (AER) in its ST98: Alberta Energy Outlook released Monday.
May 31, 2022, 4:41 AM MDT
Based on the oil price forecast, the Alberta Energy Regulator (AER) says total crude oil production in the province is expected to increase to 519,800 bbls/d by 2025 from 437,700 bbls/d in 2021 as the number of new wells placed on production “remains relatively high” over the medium term.
May 31, 2022, 10:18 AM MDT
Canada’s capacity to move hydrocarbons within its own borders, much less to export anywhere other than to the U.S., currently is highly limited, and there are consequences to that fact (i.e. an inability for Canada to provide energy to its allies in Western Europe in response to the ongoing Russia-Ukraine war).
May 31, 2022, 12 AM MDT
Just like the lower carbon movement in the oil and gas sector, investors are increasingly pushing money toward these businesses, as well.
May 31, 2022, 6 AM MDT
The Canada Energy Regulator (CER) Commission is satisfied that the resultant tolls from NOVA Gas Transmission Ltd. (NGTL) are just, reasonable and not unjustly discriminatory.
May 31, 2022, 12:46 PM MDT
Cenovus Energy Inc. and its partners have agreed to restart the West White Rose Project offshore Newfoundland and Labrador.
May 31, 2022, 3:57 AM MDT
An amended royalty structure contributed to the decision to restart a major project in offshore Newfoundland and Labrador.
May 31, 2022, 3:43 PM MDT
After winning three Innovation Awards in 2021 for its leadership in Clean Technology & Smart Connected Equipment, Edmonton-based Thermal Intelligence is excited to announce a new milestone for its BASECAMP product.
May 31, 2022, 6 AM MDT
May 31, 2022, 12 AM MDT
Premier Scott Moe announced changes to the Saskatchewan provincial cabinet today, including a change in the energy portfolio.
May 31, 2022, 12:46 PM MDT
With approximately $15 million in cash on-hand, Source Rock Royalties Ltd. is actively evaluating numerous royalty acquisition opportunities.
May 31, 2022, 6:42 AM MDT
May 31, 2022, 12:48 PM MDT
E3 Metals Corp. intends to change its name to E3 Lithium Ltd.
May 31, 2022, 12 AM MDT
Petrus Resources Ltd. has closed the credit refinancing transactions previously announced on May 5, 2022.
May 31, 2022, 12 AM MDT
Bonterra Energy Corp. brought on production 24 gross (19.6 net) wells through the first five months of 2022, to be followed by post-spring breakup drilling and completion operations which are scheduled to commence in late June 2022.
May 31, 2022, 3:11 PM MDT
May 31, 2022, 9:35 AM MDT
As part of a 15 million share block trade on the TSX at a price of $21.85 per share, MEG Energy Corp. has repurchased 3.4 million shares for cancellation using the block purchase exception under its normal course issuer bid (NCIB) and other institutional shareholders have purchased the remaining shares of the block.
May 31, 2022, 9:22 AM MDT
Ensign Energy Services Inc. announced that pursuant to conversion notices received from all holders of its $37 million principal amount of outstanding convertible debentures, Ensign has issued an aggregate of 21.14 million common shares to the holders, at a conversion price of $1.75.
May 31, 2022, 3:16 PM MDT
Leucrotta Exploration Inc. has completed its previously announced plan of arrangement involving Coelacanth Energy Inc., Vermilion Energy Inc. and the holders of securities.
May 31, 2022, 3:20 PM MDT
May 31, 2022, 6:33 AM MDT
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