Given the current and prolonged weakness in prices, Canadian Natural Resources Limited could look to reduce activity on its natural gas asset base as 2023 unfolds.
March 2, 2023, 2:42 PM MST
Largely driven by its “strategic investment in our robust natural gas assets,” Canadian Natural Resources Limited achieved record annual production of 1.28 million boe/d in 2022, an increase of four per cent from 2021 levels, says company president Tim McKay.
March 2, 2023, 10:37 AM MST
Canadian Natural Resources Limited generated strong fourth quarter and full-year 2022 financial results, generating “substantial free cash flow generation, significant returns to our shareholders and strong reserve growth,” Tim McKay, president, told analysts on a conference call this morning.
March 2, 2023, 11:13 AM MST
MEG Energy Corp.’s president and chief executive officer, Derek Evans, thinks the challenge related to steering Alberta’s energy industry into the next generation is “one of the biggest opportunities” in the world.
March 2, 2023, 12 AM MST
Providing Canada and the world with secure, affordable, low carbon and socially beneficial energy is the opportunity of a lifetime for Canadian workers, both young and old, the audience of executives and young professionals at the Canadian Energy Executive Association’s (CEEA) Beyond Boomers event heard in Calgary.
March 2, 2023, 12 AM MST
The LNG market faces big decisions over the next few years. Shell plc’s latest LNG outlook sees demand reaching 650 to 700 million tonnes per year by 2040. The firm said clearly that more investment in liquefaction projects is needed to avoid a supply-demand gap it expects to emerge by the late 2020s.
March 2, 2023, 12 AM MST
Published monthly for the last 5 years, Integrated Sustainability's regulatory bulletin highlights regulatory updates affecting energy project development teams that the Integrated Sustainability team has been tracking within North America's energy and natural resource sectors.
March 2, 2023, 5:59 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.
March 2, 2023, 7:15 AM MST
Use multiphysics simulation to understand system behavior and drive the energy transition.
March 2, 2023, 6:07 AM MST
The Alberta Energy Regulator (AER) says it is actively investigating and responding to an incident of industrial wastewater seepage from tailings ponds at Imperial Oil Limited’s Kearl oilsands project.
March 2, 2023, 2:03 PM MST
March 2, 2023, 12 AM MST
A 14 per cent increase in production, combined with continued diversification of natural gas markets, resulted in record financial performance for Tourmaline Oil Corp. in 2022.
March 2, 2023, 8:14 AM MST
With minimal net debt and continued strong free cash flows projected into 2023, Tourmaline Oil Corp. is keeping a close watch on M&A markets while considering a formalized share buyback program or increased dividends to return capital to shareholders, company president and chief executive officer Mike Rose told shareholders at Tourmaline’s 2022 year-end and fourth quarter conference call.
March 2, 2023, 12:31 PM MST
AltaGas Ltd. exported a “robust” 97,152 bbls/d of LPGs to Asia in the fourth quarter of 2022, including 16 fully loaded Very Large Gas Carriers (VLGC).
March 2, 2023, 5:06 AM MST
AltaGas Ltd. says the B.C. government’s deal with Blueberry River First Nations (BRFN) is a positive development for the region, and the company is poised to benefit via its existing infrastructure.
March 2, 2023, 8:52 AM MST
New applications to build or operate facilities, pipelines and wells must comply with the Alberta Energy Regulators’ stringent new rules related to participant requirement expectations, technical requirements, and public safety.
March 2, 2023, 7:46 AM MST
STEP Energy Services Ltd. reported that Canadian activity levels have been strong for Q1 2023, directionally in line with the sharp increase in the drilling rig count from Q4 2022.
March 2, 2023, 5:24 AM MST
Tamarack Valley Energy Ltd. reported fourth quarter production volumes of 64,344 boe/d and yearly production volumes of 48,283 boe/d in 2022, representing a 59 per cent and 40 per cent increase respectively compared to the same periods in 2021.
March 2, 2023, 6:09 AM MST
Tamarack Valley Energy Ltd. appointed Caralyn Bennett to its board of directors, effective March 1, 2023.
March 2, 2023, 5:55 AM MST
Describing 2022 as “an exceptional year,” for the company, president and CEO Marty Staples told analysts on Topaz Energy Corp.’s fourth quarter and year-end 2022 results conference call that acquisitions and diversification had propelled the company forward.
March 2, 2023, 7:55 AM MST
Following the transformational acquisition of Exterran Corporation, a transaction that delivered on a decade-long strategy to grow its energy infrastructure platform, Enerflex Ltd. says it is better positioned for long-term success while becoming more resilient and profitable.
March 2, 2023, 10:46 AM MST
Athabasca Oil Corporation reported production of 35,850 boe/d (93 per cent liquids) in Q4 and 35,262 boe/d (92 per cent liquids) in 2022, exceeding its annual upwardly revised guidance of 34-35,000 boe/d.
March 2, 2023, 12:43 PM MST
The approved capital expenditure budget for the 2022-year was $85 million for PHX Energy Services Corp.
March 2, 2023, 3:33 AM MST
Western Energy Services Corp.’s fourth quarter revenue increased by $19.4 million or 47 per cent, to $60.8 million in 2022 as compared to $41.4 million in the fourth quarter of 2021.
March 2, 2023, 12 AM MST
CWC Energy Services Corp. approved an additional $300,000 of maintenance capital and $3.7 million of growth capital, the bulk of which will be used to purchase real estate in the United States, bringing the total capital expenditure budget for 2023 to $30.3 million.
March 2, 2023, 12 AM MST
In total, 1,057 gross wells were drilled on Freehold Royalties Ltd.’s royalty lands in 2022, a 61 per cent increase versus 2021.
March 2, 2023, 12 AM MST
Yangarra Resources Ltd. reported average production of 11,022 boe/d (45 per cent liquids), an increase of 23 per cent from 2021.
March 2, 2023, 1:08 PM MST
On March 1, 2023, the Government of Alberta proclaimed parts of the Mineral Resource Development Act.
March 2, 2023, 8:24 AM MST
March 2, 2023, 8:32 AM MST
March 2, 2023, 10:50 AM MST
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) is inviting comments from the public with respect to the Hebron Jeanne d’Arc formation development plan amendment application.
March 2, 2023, 10:52 AM MST
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March 2, 2023, 12 AM MST
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