Geopolitics has tended to play a relatively minor role in crude oil price formation since the 2014-16 oil price war, with one significant exception: the highly successful drone and cruise missile attack on Saudi Arabia’s Abqaiq oil processing plant and Khurais oilfield in September 2019 (see Drone Revolution Threatens Eastern Canadian Oil Imports).
Precision Drilling Corporation was the top drilling contractor during 2021, based on wells rig released and meterage, followed by Ensign Drilling Inc.
After climbing to 40 per cent right after the Christmas lull, rig activity remained steady for most of January, sitting just below 50 per cent as the opening month of 2022 fades.
Drilling rig activity in Western Canada and the Top 10 active operators as of Jan. 31, 2022 as reported this morning by Rig Locator.
The B.C. government released its royalty review feedback report on Monday afternoon.
Sayer Energy Advisors has been engaged to assist Ascensun Oil and Gas Ltd. (“Ascensun” or the “Company”) with the sale of its oil and natural gas interests located in the Grand Forks, Leduc and Southern Alberta Minor areas of Alberta (the “Properties”).
Develop smart specifications including document import and editing, search and traceability and approval workflows.
ARC Resources Ltd. is embarking on its first full calendar year of operations since completing its acquisition of Seven Generations Energy.
Tamarack Valley Energy Ltd. executed a capital program of $41.7 million for the fourth quarter and a total of $191.2 million for 2021.
Crew Energy Inc. established a new production record with average volumes estimated at 32,600 boe/d in December 2021.
Freehold Royalties Ltd. has appointed Maureen E. Howe to its board, effective Feb. 1, 2022.
As part of the CleanBC Industry Fund’s third round of investment, the B.C. government announced 25 projects that will support the adoption of cleaner technologies and reduce emissions in sectors, such as pulp and paper, mining, oil and gas, and others.
Exxon Mobil Corporation is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services, to better support customers, enhance performance and grow value, it said.
Graham Group’s acquisition of the North American assets of AECOM’s Energy Operations and Maintenance (EOM) business is now complete, significantly expanding Graham’s capacity to provide maintenance, turnaround, fabrication and sustaining capital services for major energy, industrial and petrochemical companies in Western Canada, Ontario, and the U.S.
High Arctic Energy Services Inc. has commenced rig operations in Papua New Guinea (PNG) with Rig 115 starting wellbore work activity for one of its primary customers.