Canadian Natural Resources Limited’s top executive says the Clearwater play continues to evolve and gain importance in the company’s heavy oil portfolio.
August 4, 2022, 2:20 PM MDT
Canadian Natural Resources Limited has increased its 2022 capital budget to $4.92 billion from $4.35 billion as the company looks to “capture additional value by accelerating strategic growth opportunities” within its large and diverse asset base and to account for inflationary pressures.
August 4, 2022, 2:05 PM MDT
Backstopped by strong operational performance, an active drilling program and record natural gas output, Canadian Natural Resources Limited boosted Q2 output six per cent from the second quarter of 2021.
August 4, 2022, 10:45 AM MDT
Canadian Natural Resources Limited’s second quarter earnings more than doubled year-over-year and cash flow spiked, prompting the company to announce a special dividend.
August 4, 2022, 11:18 AM MDT
Ovintiv Inc. announced today it has acquired incremental transport to Chicago for its Montney gas, as it continues to employ a strategy of price diversification, to ensure it doesn’t get exposed purely to basin pricing.
August 4, 2022, 10:16 AM MDT
The Key Access Pipeline System (KAPS) is now over 70 per cent complete and the project is estimated to cost approximately $900 million, net to Keyera Corp. (previously $800 million to $880 million).
August 4, 2022, 12 AM MDT
The oil and gas industry, among other industrial sectors, may benefit from a new opportunity for a nuclear reactor and fuel design engineering company.
August 4, 2022, 12 AM MDT
Improved productivity has kept supply costs stable, but inflation now hitting hard as service companies struggle to find solid ground
August 4, 2022, 6 AM MDT
New highs from the Lloydminster, Saskatchewan area Onion Lake Thermal project helped drive a banner quarter for production by International Petroleum Corporation (IPC) last quarter.
August 4, 2022, 7:07 AM MDT
Pembina Pipeline Corporation has now executed the previously referenced long-term agreements with a third leading northeast B.C. Montney producer, Tourmaline Oil Corp., which include the commitment of significant volumes from another multi-phase NEBC Montney development.
August 4, 2022, 3:22 PM MDT
Stampede Drilling Inc. has entered into a purchase and sale agreement to acquire six drilling rigs and related assets from a private company for total cash consideration of approximately $21.5 million.
August 4, 2022, 12 AM MDT
At Tupper Montney in the second quarter, Murphy Oil Corporation’s natural gas production averaged 275 mmcf/d.
August 4, 2022, 5:13 AM MDT
ConocoPhillips’s Canadian unit reported higher earnings for the April-June quarter of 2022.
August 4, 2022, 9:03 AM MDT
TC Energy Corporation and the CFE, Mexico's state-owned electric utility, have agreed to a “strategic alliance” to accelerate the development of natural gas infrastructure in the central and southeast regions of Mexico.
August 4, 2022, 2:36 PM MDT
TC Energy Corporation has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 28.4 million shares of the company at a price of $63.50 per common share for gross proceeds of approximately $1.8 billion.
August 4, 2022, 2:44 PM MDT
Kelt Exploration Ltd.'s average production for the three months ended June 30, 2022 was 27,713 boe/d, up 41 per cent from average production of 19,592 boe during the corresponding period in 2021 and up one per cent from average production of 27,413 boe during the first quarter of 2022.
August 4, 2022, 5:24 AM MDT
Oil and gas operators will learn the best practices for securing technical approvals for building or operating facilities, pipelines and wells in a new course developed by three regulatory experts.
August 4, 2022, 10:43 AM MDT
August 4, 2022, 12 AM MDT
August 4, 2022, 12 AM MDT
Essential Energy Services Ltd.’s 2022 capital forecast has increased from $6 million to $9 million, which includes $3 million for growth capital and $6 million for maintenance capital.
August 4, 2022, 5:36 AM MDT
Shawcor Ltd.’s pipe coating division has been awarded a definitive contract by Saipem to provide thermal insulation and anticorrosion coating services for the Yellowtail development project, located in the Stabroek block offshore Guyana at a water depth of approximately 1,800 metres.
August 4, 2022, 12 AM MDT
AltaGas Ltd. has priced an offering of $250 million of 7.35 per cent fixed-to-fixed rate subordinated notes, Series 2 due Aug. 17, 2082.
August 4, 2022, 8:02 AM MDT
August 4, 2022, 1:19 PM MDT
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