In the Aug. 9 land sale, the province sold 31,904 hectares of P&NG leases and licences bringing in $74.23 million.
August 11, 2023, 8:44 AM MDT
The liquids infrastructure segment of Keyera Corp. posted record contributions and the company’s marketing segment reached its third highest contributions ever last quarter.
August 11, 2023, 7:58 AM MDT
Global oil demand is set to expand by 2.2 million bbls/d to 102.2 million bbls/d in 2023, with China accounting for more than 70 per cent of growth, the International Energy Agency (IEA) noted in its August Oil Market Report.
August 11, 2023, 12 AM MDT
Canadian supply rose by 130,000 bbls/d to 5.4 million bbls/d in June, primarily from returning production after wildfires shut in close to 200,000 bbls/d in May, the International Energy Agency (IEA) reported in its August Oil Market Report.
August 11, 2023, 12 AM MDT
Calfrac Well Services Ltd. delivered its best ever second-quarter adjusted EBITDA, with the company’s operating teams in North America and Argentina cited for driving its success despite the challenging Canadian wildfire season, customer delays, and seasonal breakup in Western Canada and North Dakota.
August 11, 2023, 12 AM MDT
Exxon Mobil Corporation is looking for M&A opportunities that leverage or extend its own technologies or skillsets to build out its Low Carbon Solutions business, chief executive officer Darren Woods said during a brief update on M&A during the company’s second quarter conference call.
August 11, 2023, 10:35 AM MDT
U.S. supermajor Chevron Corporation achieved record Permian Basin production of 772,000 boe/d in the second quarter of 2023, up 11 per cent compared to the same quarter of 2022 and up five per cent from its previous record quarterly production of 738,000 boe/d in the final quarter of 2022.
August 11, 2023, 11:01 AM MDT
Enerflex Ltd. says it has captured about US$50 million of annual run-rate synergies since its integration of Exterran Corporation and expects to realize the total US$60 million of anticipated synergies within 12 to 18 months of the transaction’s close last October.
August 11, 2023, 12 AM MDT
Higher service prices across all divisions resulted in record second quarter results for Total Energy Services Inc., the company reported on Thursday.
August 11, 2023, 6:59 AM MDT
Drilling rig activity in Western Canada and the Top 10 active operators as of Aug. 11, 2023 as reported this morning by Rig Locator.
August 11, 2023, 11:20 AM MDT
The U.S. rig count is down five from last week to 654 with oil rigs unchanged at 525, gas rigs down five to 123 and miscellaneous rigs unchanged at six.
August 11, 2023, 11:09 AM MDT
Birchcliff Energy Ltd.’s F&D capital expenditures are expected to be in-line with its guidance of $270 million to $280 million, which includes the bringing on production of 32 wells in Pouce Coupe and Gordondale and the drilling of two additional land retention wells in the Elmworth area.
August 11, 2023, 12 AM MDT
Rubellite Energy Inc.’s board of directors has approved the addition of the second rig at Figure Lake to expand development capital spending for the remainder of 2023, bringing total expected exploration and development capital spending for 2023 to $54 - $65 million.
August 11, 2023, 6:19 AM MDT
Bonterra Energy Corp. announced that before the end of 2023, it plans to drill its first Montney test well on its contiguous 45 section (28,880 acres) 100 per cent working interest land base situated north of Grande Prairie (Valhalla) within the capital budget of $120 - $125 million.
August 11, 2023, 6:47 AM MDT
Bonterra Energy Corp. continued to progress its ongoing abandonment and reclamation efforts and leveraged support of the Alberta Site Rehabilitation Program (SRP), which concluded in Q2 2023.
August 11, 2023, 6:49 AM MDT
Bonterra Energy Corp.’s production in Q2 2023 averaged 13,911 boe/d, three per cent higher than Q1 2023, reflecting well outperformance from new production brought onstream late in Q1 2023, offset by the impact of the Alberta wildfires that required production to be shut-in for safety measures during the quarter of approximately 333 boe/d.
August 11, 2023, 6:36 AM MDT
Canada’s top oil and gas operators saw wild swings in commodity prices over the last five years.
August 11, 2023, 9:15 AM MDT
Essential Energy Services Ltd.’s revenue for the three months ended June 30, 2023 was $28.6 million, in line with the same prior year quarter.
August 11, 2023, 12 AM MDT
GLJ Ltd. announced that Caralyn Bennett, executive vice-president, and chief strategy officer, is leaving the company.
August 11, 2023, 6:25 AM MDT
1PointFive was selected to receive a grant from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) for the development of its South Texas Direct Air Capture (DAC) Hub.
August 11, 2023, 8:30 AM MDT
8 Rivers’s Calcite technology was announced as a winner of the U.S. Department of Energy’s direct air capture (DAC) Hub grant, as an anchor technology in the Alabama regional DAC hub led by Southern States Energy Board.
August 11, 2023, 9:19 AM MDT
August 11, 2023, 8:59 AM MDT
August 11, 2023, 9:54 AM MDT
August 11, 2023, 8:43 AM MDT
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