When RBN last reviewed the outlook for AECO natural gas prices in November, we spoke of a palpable fervor in prices.

While much rests on the shoulders of the energy industry in the movement to combat climate change, the government plays a pivotal role in creating certainty among investors, says a policy expert.

Cenovus Energy Inc. boosted first quarter earnings to $1.6 billion in the first quarter versus a net loss of $408 million in the fourth quarter, while cash flow and adjusted funds flow reached record levels as robust commodity prices drove strong quarterly operational and financial results.

Cenovus Energy Inc. is hiking 2022 capital expenditures by $300 million to an updated range of $2.9-$3.3 billion, the company announced this morning.

Cenovus Energy Inc.’s top executive says discussions are ongoing between the Oil Sands Pathways to Net Zero Alliance and the federal government to determine how the recently announced investment tax credit (ITC) for carbon capture projects will be implemented and eventually rolled out.

A recent trend we have witnessed in the Canadian oil and natural gas industry is the return of the SpinCo structure as part of a transaction involving the sale of all of the issued and outstanding shares of an oil and natural gas company.

Agreeing on M&A deals has proven to be difficult for E&P companies in early 2022.

Highlights of this sale included parcels sold in the Worsley, Progress and Kakwa areas.

Interest in the development and deployment of Small Modular Reactors (SMRs) continues to gain traction due to their size, design and the potential to help reduce greenhouse gas emissions.

The Canadian Association of Petroleum Producers (CAPP) has named Lisa Baiton as president and chief executive officer.

Teck Resources Limited’s 21.3 per cent share of bitumen production from Fort Hills increased by 72 per cent in the first quarter to 34,433 bbls/d compared to the same period in 2021.

There is a 20-day planned maintenance outage in the second quarter and Teck Resources Limited expects production to decrease to one-train at Fort Hills during this period.

Given that the construction industry is one of the planet’s biggest carbon emitters, decarbonizing its most used material — concrete — is vital to reaching net zero greenhouse gas emissions.

The Western Canada: At the Heart of CCUS presentation and panel discussion will provide an up-to-date perspective on Western Canada's CCUS landscape from a regulatory, economic, and technical perspective.

TC Energy Corporation wants the Canada Energy Regulator (CER) to treat a recent submission of geospatial data as confidential, in part because disclosure risks compromising the safety and well-being of persons, property and the environment.

So-called “complexity leadership” is not about telling other people what to do so much as it is about asking better questions, which is an important attribute for those who would lead the energy transition, says Julian Norris, faculty member in the Haskayne School of Business at the University of Calgary.

Yangarra Resources Ltd. has kept one rig drilling since commodity prices rebounded, drilling 350 days during 2021 and all of Q1 2022.

Yangarra Resources Ltd. continues to reduce the impact of non-producing wells on the overall valuation of the company and has $1.1 million of expenditures remaining to completely abandon and reclaim all standing wells in the company.

Gurdeep Gill has been appointed president of Yangarra Resources Ltd.

Today’s energy companies need accurate and meaningful data to heighten insight and improve awareness to enable better decision making.

D. Jason Sharpe, president, Natural Gas of ATCO Gas, has been elected the new chair of the Canadian Gas Association (CGA).

Ionada Carbon Solutions Limited announced an equity investment from NGIF Cleantech Ventures.

First Helium Inc. has received cash proceeds of approximately $1.2 million for March light oil production from the 1-30 well and an additional $485,000 in warrant exercise proceeds.

Federal Natural Resources Minister Jonathan Wilkinson and Tory Rushton, Nova Scotia's minister of natural resources and renewables, announced that they have decided to extend the statutory moratorium on oil and gas activities in the Canadian portion of Georges Bank to Dec. 31, 2032.