The Alberta government is offering grants worth 12 per cent of eligible capital costs once new petrochemical plants — including hydrogen-producing projects — are up and running.

While it’s still early days for Canada’s hydrogen economy, TC Energy Corporation “absolutely” sees a long-term opportunity for the deployment of additional capital into its natural gas transportation assets, says the company’s incoming chief executive officer.

TC Energy Corporation, which completed the international border crossing for Keystone XL earlier this year, believes that a new approach it has taken to the project aligns with the future expectations of either a United States Democratic or a Republican administration, analysts heard Thursday.

Improving market conditions and a continuing focus on cost reductions and improved efficiencies across the board enabled Imperial Oil Limited to achieve net earnings of $3 million (nil per diluted share) in the third quarter of 2020.

One of Steeelhaus core values is continuous innovation. To this end Steelhaus customers will always be collaborative partners, and their feedback continuously drives improvement.

Whitecap Resources Inc. has increased its 2020 average production guidance to 67,500 to 68,000 boe/d from 65,000 to 67,000 boe/d thanks to the strong performance of its base production and associated decline rate in the third quarter.

Tervita Corporation showed strong recovery performance in Q3 2020, with both its energy services and industrial services segments contributing improving results.

North American Construction Group Ltd. experienced a “one-two punch” of pandemic-related worksite access restrictions and unseasonably rainy weather during the third quarter of 2020, which, along with a change in accounting treatment for Nuna Logistics, resulted in reduced year-over-year revenue for the three-month period.

JWN Energy, GLJ, Taylor Energy Advisors and Cumulative Effects Environmental recently announced a collaboration to develop a suite of ESG tools and best practices to support companies both large and small.

This informative two-day conference and 3-hour workshop will bring together stakeholders from government organizations, regulatory bodies, oil and gas producing companies, service and supply companies, research centres, and academic institutions to discuss and collaborate on various aspects of oil and gas methane emission detection, mitigation, and reporting, such as: regulations, policies, research, technology development and deployment, and best practices, to meet the 45% methane reduction target by 2025.

Wells that produce high water cuts offer a particularly daunting challenge when applying RTA (Rate Transient Analysis). Often times the saturations obtained from internal sources simply does not match what is being seen in the raw production data.

Advantage Oil & Gas Ltd.’s 2021 net capital expenditures will target approximately 75 per cent of adjusted funds flow (AFF) and is expected to be 10–15 per cent below forecast 2020 spending of $134.5 million.

Yangarra Resources Ltd. says it has reduced drilling and completions costs by 20–25 per cent as compared to pre COVID-19 wells as a result of the addition of a construction division, revised well designs, water handling improvements and a variety of other structural cost saving initiatives.

The U.S. rig count is up nine to 296 with oil rigs up 10 to 221, gas rigs down one to 72, and miscellaneous rigs unchanged at three, according to Baker Hughes. 

There were 87 rigs at work this morning in the WCSB, with 418 down, for a 17 per cent active rate, reported Rig Locator.