Non-renewable resource revenue in 2023/24 is estimated at $18.4 billion, $9.2 billion less than the $27.5 billion forecast for 2022/23, which would be the highest ever for Alberta.
February 28, 2023, 3:19 PM MST
The spread between West Texas Intermediate (WTI) and Western Canadian Select (WCS) oil prices is expected to narrow as factors that weighed on the differential in late 2022 dissipate and additional pipeline capacity comes online later this year, the Alberta government noted in its budget tabled on Feb. 28.
February 28, 2023, 3:19 PM MST
Bitumen royalties are estimated at $12.6 billion in 2023/24, $6.2 billion less than in 2022/23, due primarily to the lower oil price forecast.
February 28, 2023, 3:20 PM MST
Strong fundamentals are expected to support natural gas prices in Western Canada, the Alberta government forecast in its annual budget tabled on Feb. 28.
February 28, 2023, 3:20 PM MST
Compliance payments from large industrial emitters to the Technology Innovation and Emissions Reduction Fund (TIER) jumped $216 million in 2022/23 relative to budget, to $637 million, with the rebound in economic activity, higher energy prices and industrial output, as well as decisions regarding offset credit usage versus compliance payments in light of the federal government’s future and ongoing carbon tax increases.
February 28, 2023, 3:20 PM MST
Baytex Energy Corp.’s US$2.5-billion take-over of Eagle Ford shale developer Ranger Oil Corporation provides the company with a new growth platform and the scale and optionality to shift capital investment to areas with the highest returns, Baytex president and chief executive officer Eric Greager said in a conference call with analysts.
February 28, 2023, 9:06 AM MST
Baytex Energy Corp. has entered into a definitive agreement to acquire Ranger Oil Corporation, a pure play Eagle Ford company.
February 28, 2023, 4:16 AM MST
MEG Energy Corp. delivered record Q4 and full-year 2022 bitumen output while strong price realizations enabled the company to post solid financial results.
February 28, 2023, 9:54 AM MST
Pembina Pipeline Corporation unveiled a new four-point strategy that it says has been tested for resilience.
February 28, 2023, 7:53 AM MST
101091127 Saskatchewan Ltd. (“101091127” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its Fee Title and lessor royalty interests.
February 28, 2023, 8:09 AM MST
Use multiphysics simulation to understand system behavior and drive the energy transition.
February 28, 2023, 6 AM MST
The Upstream Petroleum Industry is a complex mixture of technical and non-technical disciplines. A consequence is that many people employed with oil companies, and related businesses which service the oil industry, do not understand the basic fundamentals and terminology.
February 28, 2023, 6 AM MST
Tenaris is rolling out its web-based portal for on-demand spot sales of OCTG and line pipe products in Canada. The Tenaris Marketplace in Canada is a user-friendly and efficient e-commerce tool that allows access Tenaris's inventory of API products in the region.
February 28, 2023, 6 AM MST
High commodity prices resulted in Ovintiv Inc. generating net earnings of $3.6 billion in 2022, with free cash flow of $2.3 billion after capital expenditures of $1.8 billion.
February 28, 2023, 10:17 AM MST
February 28, 2023, 11:34 AM MST
The Gas Processing Association of Canada (GPAC) is hosting a Panel Discussion at the Calgary Petroleum Club on March 8th, 2023.
February 28, 2023, 6 AM MST
Cenovus Energy Inc. has closed on the transaction to purchase BP plc’s 50 per cent interest in the BP-Husky Toledo Refinery in Ohio.
February 28, 2023, 2:58 PM MST
Saturn Oil & Gas Inc. has successfully completed the previously announced acquisition of Ridgeback Resources Inc. for a transaction value of approximately $516 million.
February 28, 2023, 4:31 PM MST
February 28, 2023, 10:49 AM MST
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February 28, 2023, 12 AM MST
Cardinal Energy Ltd.’s proved developed producing (PDP) reserves increased to 78 million boe, representing a four per cent increase year over year, through the addition of 11 million boe, replacing 1.4x 2022 annual production.
February 28, 2023, 5:41 AM MST
February 28, 2023, 11:05 AM MST
February 28, 2023, 12 AM MST
February 28, 2023, 12 AM MST
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