Strathcona Resources Ltd. will continue to monitor the market for acquisitions in its three core areas following the recent amalgamations of two assets.

Clean hydrogen production and carbon capture, utilization and storage (CCUS) will play important roles in decarbonizing the global economy, but a major shift to renewables is the dominant means by which greenhouse gas emissions will be mostly eliminated by 2050, according to BP plc.

Tidewater Midstream and Infrastructure Ltd. did not expect to see the current level of such high commodity prices, which is a “huge tailwind” for the company and its customers, says Joel MacLeod, chief executive officer.

Tidewater Midstream and Infrastructure Ltd. has announced the appointment of Brian Newmarch as its new chief financial officer.

Tidewater Renewables Ltd. is working with the University of Saskatchewan to develop a novel integrated process to produce renewable natural gas from biomass.

The province sold 57,836 hectares of P&NG rights and earned $9.67 million, as well as 25,088 hectares of oilsands leases for $53.3 million in the March 9 land sale.

The Daily Oil Bulletin has published the February edition of the On The Move newsletter.

PMG believes that sharpening personal skills is the key for Career Advancement by offering an excellent set of online courses with focus on the practical aspects and case studies

World oil production rose 510,000 bbls/d to 99.1 million bbls/d in February, with OPEC+ delivering 420,000 bbls/d of the increase.

Surging commodity prices and international sanctions levied against Russia following its invasion of Ukraine are expected to “appreciably depress global economic growth,” according to the International Energy Agency (IEA).

Following a successful nine-year career at MEG Energy Corp., Eric Toews plans to retire effective Sept. 1, 2022. 

Increases in fracturing, cementing and coiled tubing work in North America and Argentina resulted in a 43 per cent increase in revenues for Calfrac Well Services Ltd. in the final quarter of 2021 compared to the same quarter in 2020, the company reported this morning.

InPlay Oil Corp.’s capital program for the first quarter of 2022 was started in mid-December 2021 due to the availability of services and the desire to take advantage of strong commodity prices, including winter natural gas prices.

High Arctic Energy Services Inc.’s revenues increased 43 per cent to $23.6 million in Q4-2021 relative to Q4-2020 and were 27 per cent higher than Q3-2021, buoyed by renewed activity in the Drilling Services Segment during the quarter.

Leucrotta Exploration Inc. increased reserves across the board.

In 2021, Hemisphere Energy Corporation invested $12 million in its Atlee Buffalo core area, including drilling seven wells, implementing a polymer flood in the Upper Mannville G oil pool, and upgrading facilities to accommodate additional oil production.

Venture Global LNG has executed two new long-term 20-year sales and purchase agreements (SPAs) with New Fortress Energy Inc., including one million tonnes per annum (mtpa) from Plaquemines LNG and one mtpa from CP2 LNG.

Canadian Spirit Resources Inc. has closed its non-brokered private placement offering and issued 20 million units of the company at a price of $0.0525 per unit, for aggregate gross proceeds of $1.05 million.

Source Rock Royalties Ltd. has closed the remaining over-allotment option relating to its initial public offering (IPO) through the issuance of 1.67 million units at a price of 90 cents per unit, for aggregate gross proceeds of $1.5 million pursuant to a long form prospectus dated Feb. 23, 2022.

The federal government announced an investment of $3.5 million in three southern Alberta projects supporting small- and medium-sized companies.