For many organizations in the oil and gas industry, it may be only a matter of time before hackers penetrate their computing systems and their data is held for ransom, according to a cybercrime expert.
While nothing is on the front burner, Peyto Exploration & Development Corp. feels confident it could meet the requirements and contribute natural gas via a long-term contract to a U.S. Gulf Coast LNG project in a similar agreement as what two of its competitors have recently entered into.
An active capital program and robust liquids and natural gas prices backstopped Peyto Exploration & Development Corp.’s strong Q1 results as the company boosted output and financial metrics in the period.
Crescent Point Energy Corp. has achieved better-than-expected production from its first fully operated pad in the Kaybob Duvernay, while also reducing drilling days and overall well costs compared to initial expectations.
Vermilion Energy Inc. is seeing promising developments in Europe that could support its role in the region.
Low capital spending throughout the pandemic did not stop North American producers from maintaining their oil and gas reserve positions.
Tamarack Valley Energy Ltd. (“Tamarack Valley” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of certain non-core natural gas interests located in the Forty Mile, Pakowki and Quaich areas of southern Alberta (the “Properties”).
IN THE MATTER OF THE RECEIVERSHIP OF SHAMROCK VALLEY ENTERPRISES LTD. (the “Company”) Court of Queen’s Bench of Alberta Court File No.: 2103 10970
On January 21, 2022, the Court of Queen’s Bench of Alberta (the “Court”) granted an order (the “Interim Receivership Order”) pursuant to section 47(1) of the Bankruptcy and Insolvency Act (“BIA”), RSC 1985, c B-3, s.13(2) of the Judicature Act (“JA”), RSA 2000, c J-2, and s.242(3) of the Business Corporations Act, RSA 2000, c B-9 (“ABCA”), whereby Alvarez & Marsal Canada Inc., was appointed interim receiver (the “Interim Receiver”) of Big Bear Energy Rentals Ltd.
The Northwest Calgary Connector (NWCC) project involved the installation of approximately 14 km of high pressure, sweet natural gas, large-diameter pipeline running in the City of Calgary, along the northwest leg of Stoney Trail within the Transportation Utility Corridor (TUC), northward on 85th street, and ending in Rocky View County.
Second-half supply growth will help to push up Canadian oil production for 2022, the International Energy Agency (IEA) noted this morning.
Trans Mountain Corporation reported higher revenue and net income for 2021, although Mainline deliveries declined.
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’.
Trican Well Service Ltd. reported improved first quarter 2022 financial performance, with revenues up 48 per cent compared to same quarter of 2021, and adjusted EBITDA up 42 per cent.
Pieridae Energy Limited saw its net operating income (NOI) and adjusted funds flow from operations both rally over the first three months of 2022 compared to the same period a year earlier.
Total Energy Services Inc. still has work to do across all its divisions to return the business to more sustainable margins, says executive management, especially given the current state of commodity prices.
Funds flow from operations at Vermilion Energy Inc. in the first quarter of 2022 more than doubled from the same three-month stretch of 2021.
Subsequent to the end of the first quarter, Rubellite Energy Inc. executed a definitive agreement for the previously announced Peavine transaction located in the vicinity of recent industry Clearwater drilling activity and southwest of Rubellite's existing option acreage at West Dawson in northern Alberta.
Rubellite Energy Inc. has steadily executed its business plan, running a two-rig drilling program since late November.
During the first quarter of 2022, Prairie Provident Resources Inc. spent $9.7 million of the previously announced full year $22 million capital program, including asset retirement obligation spending.
Fluor Canada’s David Mercer will lead a panel of informed industry professionals in an insightful dialogue that examines the future role that hydrogen could play in the Canadian economy.
Total Energy Services Inc. experienced strongly improved industry conditions in North America and Australia for Q1 2022 when compared to the same period last year, which is reflected in the company’s financial results.
Specialist energy talent acquisition group, Petroplan, has appointed David Waterfield as director for North America to support the company’s growth in the U.S. and Canada.
Green Impact Partners Inc. is moving forward with the development of the Future Energy Park, a clean energy project connecting Alberta's agriculture and energy sectors.
In response to the higher activity expectations, STEP Energy Services Ltd.’s board of directors has approved an increase of $8.3 million to the 2022 capital program, increasing it to $56.0 million.
Headwater Exploration Inc.'s board of directors has approved an increase in the 2022 capital budget to $230 million from $145 million.
Headwater Exploration Inc. has continued to be active with its land expansion strategy.
Razor Energy Corp., in conjunction with FutEra Power Corp., has completed its previously announced rights offering to eligible holders of Razor’s common shares of record at the close of business on April 7, 2022.
Chevron Corporation, through its subsidiary Chevron New Ventures Pte. Ltd., and Indonesia’s PT Pertamina today announced a partnership to explore potential lower carbon business opportunities in Indonesia.
In collaboration with Accelerating CCS Technologies (ACT), Emissions Reduction Alberta (ERA) is committing $2.85 million to facilitate the deployment of CCUS technologies.
Petrus Resources Ltd.’s production was up 25 per cent quarter over quarter from 5,880 boe/d in the fourth quarter of 2021 to 7,379 boe/d in the first quarter of 2022 primarily due to the new wells drilled in late 2021.