Just imagine: There is a metal alloy consisting of magnesium and aluminium, combined and compressed with some other chemicals to form a solid substance, which conveniently dissolves once its downhole completions work is done.
July 22, 2020, 8:55 AM MDT
You’d think Source Energy Services Ltd., Canada’s largest frac sand provider, would have enough of a logistics challenge transporting its northern white sand about 2,100 kilometres by rail from the three mines it owns in Wisconsin.
July 22, 2020, 9:39 AM MDT
Could crude-by-rail make a comeback if pipeline capacity does not increase? While wider differentials could stimulate rail economics, Thomas Liles, senior analyst with Rystad Energy AS, says that for the time being it is difficult to envision rail transport of crude making a comeback, given current market conditions.
July 21, 2020, 8:11 AM MDT
Western Canadian energy production likely will not return to pre-COVID-19 levels until 2021, due to such factors as drastically-reduced drilling and completion activity this year, capital spending cuts on the shale side and sustainable capital cuts on the oilsands side, says Thomas Liles, senior analyst at Rystad Energy AS.
July 17, 2020, 9:16 AM MDT
Survival remains key for both oilfield services and producers in the short-term, says Kevin Neveu, president and CEO of Precision Drilling Corporation.
July 7, 2020, 8:38 AM MDT
Topaz Energy Corp. has completed a strategic infrastructure acquisition whereby it acquired, for cash consideration of $100 million, a 12.5 per cent working interest in Advantage Oil & Gas Ltd.'s Glacier gas plant, which has raw gas processing capacity of 400 mmcf/d and services the Montney.
July 2, 2020, 11:09 AM MDT
Keep it local. That is a key consideration Reeve Leanne Beaupre from the County of Grande Prairie hopes government takes into account as it divvies out spending for the province’s Site Rehabilitation Program.
June 24, 2020, 9:33 AM MDT
Source Energy Services Ltd. has extended and expanded its contract with Shell Canada Limited.
June 23, 2020, 12 AM MDT
Pipestone Energy Corp. is maintaining its credit capacity of $225 million.
June 12, 2020, 7:27 AM MDT
Global natural gas production continued to climb at a rapid pace, up by three per cent in 2019, surpassing the four tcm mark for the first time in history, the International Energy Agency (IEA) reported.
June 10, 2020, 5:11 AM MDT
Total Alberta capital expenditures in oil, natural gas and oilsands fell by 31 per cent in 2019 to $18.9 billion from $27.5 billion in 2018 although global capital spending was up, says the Alberta Energy Regulator (AER) in its annual energy outlook.
June 9, 2020, 6:39 AM MDT
Longshore Resources Ltd. has entered into an agreement with Rifle Shot Oil Corp., Steelhead Petroleum Ltd. and Primavera Resources Corp. to acquire all of their outstanding shares as part of a consolidating transaction.
June 8, 2020, 12 AM MDT
Highwood Oil Company Ltd. says it continues to work through the impact of the Alberta Energy Regulator’s (AER) decision to reject license transfers associated with the Red Earth divestiture.
June 2, 2020, 8:27 AM MDT
Although Birchcliff Energy Ltd. slashed its 2020 capital budget by 19 per cent in March, the natural gas-weighted producer has no plans to enact further cuts as it looks to set itself up to take advantage of better industry conditions it believes will transpire later this year and into 2021.
May 27, 2020, 12 AM MDT
While the challenges facing Canada’s energy sector are vast and currently unrelenting as industry continues to navigate through the fallout from the COVID-19 crisis, western Canadian natural gas-weighted companies are faring better — in relative terms — than their crude producing brethren.
May 25, 2020, 6:11 AM MDT
Bonterra Energy Corp. expects its 2020 capital program to remain suspended until commodity prices improve.
May 15, 2020, 10:14 AM MDT
Birchcliff Energy Ltd. reported a loss of $45.2 million in the first quarter of 2020 compared to a profit of $15.8 million in the comparable 2019 period.
May 14, 2020, 7:49 AM MDT
As producers slash their capital programs, Keyera Corp. is working with its natural gas gathering and processing customers, where appropriate, to develop mutually beneficial solutions to help keep their volumes flowing in the short term, says a company executive.
May 13, 2020, 3:58 PM MDT
Peyto Exploration & Development Corp. says preparation for and reaction to the sweeping global pandemic dominated the first quarter of 2020 and forced the company to reduce spending and alter its drilling plans.
May 13, 2020, 11:16 AM MDT
Peyto Exploration & Development Corp. incurred a rare first quarter net loss and reduced output as the double impact of COVID-19 related demand destruction and an exceedingly weak commodity price environment battered the bottom line and negatively affected operations.
May 13, 2020, 11:34 AM MDT
Storm Resources Ltd.’s capital investment is intended to be approximately equal to or less than forecast funds flow and is being reduced $25 million by deferring activity at Fireweed for up to one year (first production in the second half of 2021 or in early 2022).
May 13, 2020, 7:39 AM MDT
Paramount Resources Ltd. has lowered its capital spending plan for 2020 to $165 million from the previous range of $185 million to $250 million.
May 13, 2020, 10:38 AM MDT
In an effort to preserve well economics, optimize pricing and further reduce costs, Crew Energy Inc. says it plans to begin shutting in more than 4,000 boe/d of additional production this month.
May 12, 2020, 12 AM MDT
Ovintiv Inc. continues to manage operations through capital expenditure reduction, cost efficiencies, shutting-in production and protecting its balance sheet and is well positioned to hit the ground running once the COVID-19 induced market chaos begins to subside, says CEO Doug Suttles.
May 8, 2020, 11:26 AM MDT
Despite a precipitous drop in commodity prices in the second half of the quarter, Ovintiv Inc. delivered strong Q1 results driven by higher than budgeted production and a continued focus on cost reductions.
May 8, 2020, 11:35 AM MDT