Natural gas is the hottest commodity in the world right now. The global LNG market was beginning to tighten in the second half of last year with the post-COVID economic rebound in gas consumption and a lack of investment in LNG-related infrastructure over the past several years.
August 10, 2022, 6 AM MDT
Oilfield service prices are improving but the sector still needs further gains to get margins back to sustainable levels, Total Energy Services Inc. president and chief executive officer Daniel Halyk told analysts on the company’s 2022 second quarter conference call.
August 10, 2022, 12 AM MDT
Getting new crew members ready to fill roles is taking longer than it used to, said the head of Trican Well Service Ltd.
August 10, 2022, 12 AM MDT
Dawn Farrell has been appointed president and chief executive officer, and member of the board of directors, of Trans Mountain Corporation.
August 10, 2022, 1:08 PM MDT
Birchcliff Energy Ltd.’s F&D capital expenditures in 2022 are now anticipated to be $275 million to $285 million, up from $240 to$260 million, primarily as a result of increased inflation and the procurement of certain long-lead capital items to prepare for the efficient execution of the 2023 capital program.
August 10, 2022, 2:30 PM MDT
Bonterra Energy Corp. increased its capital expenditure budget range to $70 million to $75 million, due to additional infrastructure costs and inflationary pressures.
August 10, 2022, 3:14 PM MDT
Birchcliff Energy Ltd.’s F&D capital expenditures were $84.2 million in Q2 2022.
August 10, 2022, 2:57 PM MDT
During the second half of 2022, Rubellite Energy Inc. plans to spend approximately $24 to $26 million to continue its two-rig drilling program into the fourth quarter of 2022 to drill, complete, equip and tie-in 20 (17.2 net) multi-lateral horizontal wells planned in its three core operating areas at Ukalta, Figure Lake and Marten Hills.
August 10, 2022, 3:26 PM MDT
Rubellite Energy Inc.’s capital expenditures totaled $12.7 million in the second quarter of 2022 (Q1 2022 – $35.5 million).
August 10, 2022, 3:34 PM MDT
August 10, 2022, 9:15 AM MDT
August 10, 2022, 11:11 AM MDT
Spartan Delta Corp.'s board of directors has approved a $90 million increase to its 2022 capital program.
August 10, 2022, 12 AM MDT
Spartan Delta Corp.’s capital expenditures before A&D were $91 million for the three months ended June 30, 2022, of which approximately 90 per cent was spent in the Montney as activity slowed in the Deep Basin through spring breakup.
August 10, 2022, 12 AM MDT
In total, 224 gross wells were drilled on Freehold Royalties Ltd. royalty lands in Q2-2022, a 146 per cent increase versus the same period in 2021.
August 10, 2022, 12 AM MDT
During the second quarter, Pipestone Energy Corp. rig released six wells on the 2-32 pad, and four of a total six planned wells on the 14-19 pad.
August 10, 2022, 8:05 AM MDT
FortisBC Holdings Inc. and Musqueam Indian Band announced the signing of an agreement, which will result in the parties sharing benefits associated with the Tilbury LNG projects.
August 10, 2022, 10:07 AM MDT
The Indigenous Resource Network launched a campaign to advocate for Indigenous ownership in resource projects.
August 10, 2022, 12 AM MDT
In Canada, during the second quarter TransGlobe Energy Corporation successfully drilled three, 100 per cent working interest horizontal Cardium reservoir development wells (two, two-mile, and one, one-mile) in the South Harmattan area.
August 10, 2022, 6:42 AM MDT
August 10, 2022, 12 AM MDT
Chris Severson-Baker has been named the new executive director of the Pembina Institute, succeeding Linda Coady.
August 10, 2022, 9:06 AM MDT
TC Energy Corporation has completed its previously announced public offering of common shares of the company.
August 10, 2022, 6:34 AM MDT
August 10, 2022, 12 AM MDT
August 10, 2022, 9:51 AM MDT
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