Martin King: Optimism Still Warranted For Canadian Heavy Crude Oil Pricing
The Canadian oil industry is on the cusp of the confirmation of additional oil flowing on the Enbridge Line 3 Replacement (L3R).
The Canadian oil industry is on the cusp of the confirmation of additional oil flowing on the Enbridge Line 3 Replacement (L3R).
Canada’s drilled-but-uncompleted inventories have declined to their lowest levels since 2016, particularly on the oil side, says Thomas Liles, vice-president of upstream research, Rystad Energy AS.
Enbridge Inc. says its efforts on the ‘S’ in the company’s environmental, social and governance (ESG) practices is bearing fruit and continues to evolve and that its business “must be supported by relationships built on mutual respect and trust and established at the community level.”
With potency 25 times that of carbon dioxide over a 100-year period, methane is increasingly being seen by governments and regulators as the “number one bad guy” in greenhouse gas emissions, says an executive for oilfield services provider Baker Hughes.
Drilling rig activity in Western Canada and the Top 10 active operators as of Oct. 5, 2021 as reported this morning by Rig Locator.
Quality Indigenous partnerships are instrumental to the success of projects and strategies throughout Canada. As one of the fastest growing labour forces in the country, Indigenous peoples are becoming industry drivers in several business capacities including management, production, commercial enterprise and more.
The Western Canada Sedimentary Basin (WCSB) has been an oil and gas exploration and development area since the early 20th century and has generated and continues to generate immense wealth for all Canadians.
Whitecap Resources Inc. has entered into a definitive agreement with Topaz Energy Corp. for the sale of a newly formed five per cent gross overriding royalty (GORR) on its working interest in the Weyburn CO2 Unit for cash proceeds of $188 million.
Join this industry panel discussion to learn about careers in energy as the industry transitions towards more sustainable practices and renewable forms of energy.
Perpetual Energy Inc. is participating in an active capital program at its 50 per cent working interest East Edson property.
Rubellite Energy Inc. currently has 14 (13.0 net) producing multi-lateral wells on production, including the six (6.0 net) original wells drilled by Perpetual Energy Inc. at Ukalta and the one (1.0 net) producing 2.5 leg multi-lateral well at Figure Lake acquired in January 2020.
Freehold Royalties Ltd. has closed its previously announced transaction to acquire concentrated, high quality U.S. royalty assets for US$54 million from OneMap Mineral Services LLC.