With Canada’s energy industry almost fully recovered from the pandemic downturn, LNG export demand should launch the next major phase of natural gas production growth, and with it will come increased liquid production that will need new markets, according to the leaders of three large infrastructure operators.
With improved first quarter operational and financial results and continued demand growth, Suncor Energy Inc. expects improved results from its downstream segment over the remainder of the year.
The province sold 42,608 hectares of P&NG leases and licences and earned $9.3 million in the May 4 land sale. Additionally, 4,085 hectares of oilsands leases sold for $4.2 million.
CPE Pembina Lands Ltd. (“CPE” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale or farmout of its 100% interest in a Nisku prospect in the Pembina area of Alberta (the “Property”).
GDM Pipelines, the industry leader for Canadian energy infrastructure data since 1997, announced today that it has rebranded, introducing a new operating name and visual identity. This change reflects the expanded nature of the business over the past several years and positions the company for future growth.
Thermal Intelligence is proud to announce their flagship product BASECAMP (a Green Certified 3-in-1 Heater, Light Tower & Generator) will be featured in the world-renowned television series ‘EARTH with John Holden’.
The Daily Oil Bulletin has published the April edition of the On The Move newsletter.
Inter Pipeline is partnering with ITOCHU Corporation and PETRONAS Energy Canada Ltd. to evaluate the development of world-scale integrated blue ammonia and blue methanol production facilities.
Ovintiv Inc. is “actively looking” at commercial opportunities for its gas that includes LNG, says the company’s chief executive.
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $225 - $235 million (up from $210 - $220 million).
Pipestone Energy Corp. generated record revenue of $153.5 million, which more than doubled Q1 2021 revenue of $71.5 million, and represents a 12 per cent increase from Q4 2021 revenue of $137.3 million.
NuVista Energy Ltd. has elevated its capital expenditure guidance for 2022.
Spartan Delta Corp. reported an active winter drilling program, investing $108 million in Q1 2022 into the development of its Montney and Deep Basin core assets.
The supply of steel casing and tubular products required to drill wells has been a big issue identified by InPlay Oil Corp.
InPlay Oil Corp. continues to reduce its inactive well liability.
Energy companies have an opportunity to utilize their data better to reduce costs and improve productivity by adopting a “manufacturing” approach to managing its data.
Birchcliff Energy Ltd. anticipates that it will generate adjusted funds flow of $1.18 billion and free funds flow of $920 million to $940 million in 2022 based on current strip pricing.
Birchcliff Energy Ltd. reported a strong start to its 2022 capital program, with 15 wells drilled year-to-date and 16 wells completed (which includes five wells that were drilled and rig released in Q4 2021).
Bruce Pachkowski, a founding director and current chair of the Total Energy Services Inc. board, will be retiring, effective at the end of his current term, following the company’s upcoming annual meeting of shareholders on May 17.
Vertex Resource Group Ltd. generated record Q1 revenue of $45.4 million compared to $32.9 million in Q1 2021, while gross margin increased to $10.5 million compared to $8.0 million in Q1 2021.
Two 100 per cent working interest (one two-mile, and one one-mile) horizontal Cardium wells were drilled in the South Harmattan area, reported TransGlobe Energy Corporation in its Q1 report.
Venture Global LNG and PETRONAS LNG Ltd., a subsidiary of PETRONAS, announced the execution of a new 20-year sales and purchase agreement (SPA) for the purchase of one million tonnes per annum (mtpa) of LNG from Venture Global's Plaquemines LNG facility.