Imperial Oil Limited president and CEO Rich Kruger was again unequivocal about his company’s opinion about Alberta’s mandated production cuts: it was the wrong move.

Imperial Oil Limited is lowering its capital spending guidance as a result of its decision to slow down development of the Aspen oilsands project.

Husky Energy Inc. reported a 52 per cent year-over-year increase to its net income in Q1 despite production quotas and essentially flat oil prices, which CEO Rob Peabody said is a result of its integrated strategy.

Imperial Oil Limited will ramp-up spending on the Aspen project when the timing and conditions are right.

Some of the greatest innovation gets done in an industry downturn. Activity slows, companies have time to be more methodical and creative, and though funding for research and technology adoption may be difficult to come by, companies are driven by necessity to find ways to trim costs and create new revenue streams throughout the production process.

Several companies announced upcoming drilling projects this week, including Devon Canada Corporation, Canadian Natural Resources Limited, Clearview Resources Ltd., Cona Resources Ltd. and Hemisphere Energy Corporation.

The Permian basin continues to be a lucrative play for Precision Drilling Corporation.

When Kelt Exploration Ltd. was founded six years ago, its management team’s ambition was to create value during a downturn, the company’s annual meeting heard Thursday.

Vermilion Energy Inc.’s Australian and Canadian business units were responsible for most of the company’s growth in the first quarter as two new offshore wells were brought on production in Australia and Vermilion executed one of its most active drilling programs to date in Canada.

The head of Calgary-based Whitecap Resources Inc. says the company is interested in investing in other CO2 injection projects, especially now that a CO2 pipeline is being built in Alberta.

Canada’s transition to low-emission energy sources is underway but it remains one of the most emission-intensive nations in the world, according to a new report from the National Energy Board (NEB).

The U.S. rig count is down 21 rigs from last week to 991, with oil rigs down 20 to 805, gas rigs down one to 186, and miscellaneous rigs unchanged at zero.

Drilling rig activity in Western Canada and the Top 10 active operators as of April 26, 2019, as reported this morning by Rig Locator.

The B.C. government this week pulled in $432,706 at its monthly land sale held this week, the first of the second quarter.

Deliverers of oil and gas major projects in Alberta are late to the game of collaborative construction, but that could actually help them realize the benefits in cost, schedule and quality that have been proven in other markets.

PKN Orlen highlighted Canadian activity in Q1 2019.  

Essential Energy Services Ltd. has won the patent appeal.

Chevron Corporation’s first quarter earnings decreased 27 per cent to US$2.6 billion compared to $3.6 billion a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses.

Chevron Corporation’s top executive remains convinced that his company’s US$33 billion offer for Anadarko Petroleum Corporation will ultimately prove successful over rival Occidental Petroleum Corporation’s $57 billion bid, a battle that could result in the first hostile battle for a major oil company in years.