Major western Canadian producing provinces are riding high this fiscal year with respect to forecast royalty revenues.

Drilling rig activity in Western Canada and the Top 10 active operators as of Jan. 5, 2022 as reported this morning by Rig Locator.

Part 1 of this two-part series showed how the recently launched Green Hydrogen Organization (GH2), as well as major environmental groups such as Friends of the Earth and Greenpeace, are attempting to thwart development of a global blue hydrogen industry.

Pieridae Energy Limited has reached an agreement with its senior secured lender Third Eye Capital Corporation (TEC) to extend payment of the $50 million term loan deferred fee (which was due Jan. 4, 2022) and to amend certain other terms and covenants of the credit agreement first signed with TEC in October 2019, related to the purchase of Royal Dutch Shell plc’s Foothills assets.

Enbridge Inc. is considering an offering of hybrid subordinated debt securities in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation.

Exxon Mobil Corporation said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.