Despite holding all the most important ingredients for a bourgeoning shale gas and tight oil sector — including the resources, the technology and the talent — Canada is missing the bus on the unconventional revolution sweeping across the U.S., a PwC Canada forum heard Wednesday.
China's impressive investments in renewable energy and electric vehicles have led some anti-fossil fuel activists, as well as some economists, to warn that new pipelines and LNG plants in Canada could become stranded assets.
Drilling rig activity in Western Canada and the Top 10 active operators as of May 23, 2019, as reported this morning by Rig Locator.
A long-overlooked oil play that is described as one of the most significant discoveries in Western Canada in recent years will soon be pipeline connected.
Imperial Oil Limited has received regulatory approval for a demonstration of ConDex boiler flue gas and water recovery at its Kearl oilsands mine. The project is one of 11 to receive funding from Emissions Reduction Alberta earlier this year.
Imperial Oil Resources Limited ("Imperial"), on behalf of ExxonMobil Canada Energy ("ExxonMobil"), has initiated a process for the disposition of the Harmattan asset consisting of operated and non-operated properties located in central Alberta as further outlined below.
Alberta attracted $3.42 million in land sale bonus bids on Wednesday, in an auction that drew the second-lowest average price of the year.
The Alberta Energy Regulator (AER) has given Highvale Operating Corp. until May 30, 2019 to submit a plan for the conservation and reclamation of nine wells and a facility in which it has a 100 per cent interest in the licence.
The Quest carbon capture and storage (CCS) facility has captured and safely stored four million tonnes of CO2, ahead of schedule and at a lower cost than anticipated, reported Royal Dutch Shell plc.
Suncor Energy Inc. will issue $750 million of senior unsecured Series 6 medium term notes due on May 24, 2029.
PGS and TGS announced the Torngat 3D multi-client project in the eastern Canada offshore.
PrairieSky Royalty Ltd. announced the appointment of Jane Gavan to its board of directors.
CNOOC Limited announced that the Appomattox Field in the U.S. Gulf of Mexico has safely started production ahead of schedule.