Canada has the ability to be a force in deep enhanced geothermal systems (EGS), but before that can happen, technology is needed to help clear a sizeable economic hurdle, say experts at the Cascade Institute.

Indigenous participation in major energy projects is “absolutely key” to the success of those projects, says Steve Saddleback, director, National Energy Business Centre of Excellence, Indian Resource Council of Canada (IRC). Fortunately, industry is “starting to realize” the vital role First Nations as rights and title holders can play on projects.

A significant leap in operating cash flow in Q1 2022 allowed oil and gas producers across the U.S. and Canada to enjoy record levels of free cash flow — again.

Ovintiv Inc. has reached agreements with two counterparties to sell portions of its assets located in the Uinta and Bakken basins for total proceeds of approximately $250 million.

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid three charges against Hibernia Management and Development Company Ltd. (HMDC) for alleged offences related to a spill of petroleum from the Hibernia platform on July 17, 2019.

Entropy Inc. has begun commissioning its first post-combustion carbon capture and storage (CCS) project at the Glacier Gas Plant in Alberta, effective June 27, 2022.

Crescent Point Energy Corp. has completed the disposition of its non-core Saskatchewan Viking assets which were previously identified as disposition candidates, for total cash consideration of approximately $260 million, prior to closing adjustments.

Crescent Point Energy Corp. is increasing its quarterly dividend.

Kelt Exploration Ltd. has lifted its capital expenditure budget for 2022.

Saturn Oil & Gas Inc. has successfully completed the previously announced acquisition of assets in the Viking area of west-central Saskatchewan for closing cash consideration of approximately $248 million (net of adjustments) and has completed a non-brokered private placement for gross proceeds of $400,326.

The British Columbia Centre for Innovation and Clean Energy (CICE) announced funding awards from its inaugural Open Call for Innovation, which provides grants to catalyze B.C.-based innovators.

Questor Technology Inc. announced that Marcel Kessler has resigned from the board effective June 27, 2022, to accept a new position as CEO and president of GrafTech International.

Tidewater Midstream and Infrastructure Ltd. has pled guilty to a charge laid against it by the Alberta Energy Regulator (AER) in October 2021.