Despite the largest turnaround program in the company’s history, Suncor Energy Inc. posted strong operational and financial third quarter results amid strong commodity prices and increased product demand.
Oilfield service costs will be of interest across the energy sector as companies prepare for what should be a fairly busy first quarter in 2022, says Brian Schmidt, president and chief executive officer, Tamarack Valley Energy Ltd.
Tamarack Valley Energy Ltd. is increasing its full-year production guidance by four per cent to 34,250 boe/d, and the company has announced its inaugural dividend and return-of-capital framework.
Evaluate Energy’s latest M&A report shows that between the start of April and the end of September, the Permian Basin in the United States saw almost US$30 billion in new M&A deals announced for E&P assets.
The oil industry in Texas has been a driving force of the North American economy for decades. Spanning parts of West Texas and Southeastern New Mexico lays the Permian Basin, a shale basin ranging 250 miles wide and 300 miles long.
AltaGas Ltd. reported record global export volumes by shipping roughly 105,000 bbls/d of LPGs to Asia, which was spread over 18 very large gas carriers (VLGCs).
Propane volumes exported to Asia from AltaGas Ltd.’s RIPET for the three months ended Sept. 30, 2021 averaged 58,056 bbls/d compared to 42,736 bbls/d for the same period in 2020.
Given the current energy shortage worldwide, AltaGas Ltd.’s top executive says he continues to believe in the role, benefits and reliability “that responsibly-sourced natural gas will provide to our customers as we embrace the energy transition.”
Crew Energy Inc. confirmed the Q3 sale of its Lloydminster heavy oil asset representing the final step of its strategic transition to a pure-play Montney producer.
Carbon Capture Utilization & Storage (CCUS) is a perceptible solution in CO2 abatement/intensity reduction if CO2 utilization demographic fully changes to anthropogenic sources.
Alberta’s Wednesday land sale brought in $10.08 million to government coffers.
Obsidian Energy Ltd. has lifted its 2021 guidance.
Obsidian Energy Ltd. has two drilling rigs active in its Cardium asset.
The additional $6.9 million of Alberta Site Rehabilitation Program (SRP) support Obsidian Energy Ltd. received through Periods 7 and 8 allocations brings total support from the ASRP to over $35 million of grants and allocations.
Whitecap Resources Inc. closed the acquisition of a private company in southeast Saskatchewan for $67 million.
Whitecap Resources Inc.’s president and CEO Grant Fagerheim says the set-up of Canada’s land tenure system, where most land is held by the Crown, is an advantage for the development of CCUS.
Crescent Point Energy Corp. is focusing on improving the company’s economics in the Kaybob Duvernay play, which it says are already highly competitive.
Pan Orient Energy Corp.’s board of directors announced the initiation of a process to accelerate shareholder value.
Drilling rig activity in Western Canada and the Top 10 active operators as of Oct. 28, 2021 as reported this morning by Rig Locator.
Canada’s oil and gas industry remains committed to meaningful dialogue and developing respectful relationships with Indigenous communities, creating mutual benefits from resource development, and pathways to prosperity that support reconciliation, says a newly-released Canadian Association of Petroleum Producers (CAPP) report.
Strathcona Resources Limited has applied to the Alberta Energy Regulator (AER) to replace three existing temporary 1.5 MW generators with a cogeneration unit rated for electrical production of 7.5 MW and equipped with a duct fired heat recovery steam generator.
First Helium Inc.’s technical team has made significant progress in evaluating approximately 880,000 acres of prospective helium lands currently held under a seismic review and option agreement with a large landholder in southern Alberta.
CNOOC Limited’s Q3 production in Canada climbed.
Pulse Seismic Inc.’s strong quarterly and year-to-date results have enabled its board to make additional capital allocation decisions.