Canadian operators drilled 3,724 oil and bitumen wells in 2023, down 10 per cent from 4,152 wells in 2022 as activity declined as prices retreated from 2022 highs driven by the conflict in Ukraine. 

Imperial Oil Limited says it successfully started steam injection at the Cold Lake Grand Rapids Phase 1 (GRP1) project in Q4 and that the initial steam injection phase is expected to last until the end of the first quarter of 2024, with production ramping up over the following months.

Pathways Alliance members continue to advance dialogue with government officials while also making strides in preliminary work required before a final investment decision is made on the group’s proposed carbon capture and storage network, says Imperial Oil Limited’s top executive.

Exxon Mobil Corporation is testing direct air capture (DAC) technology to eliminate CO2 emissions that existing technologies are unable to manage, chief executive officer Darren Woods said at the company’s year-end 2023 conference call.

PTW Energy Services is proud to announce the opening of its newest branch in Hamilton, Ontario, marking a strategic expansion to better serve our Ontario clients.

Beth Summers is joining Hydrostor as chief financial officer as projects in Australia and California move forward.

Cryopeak LNG Solutions Corporation and Ferus Natural Gas Fuels Inc. have merged, forming a new LNG production and distribution technology-focused entity which is now named Cryopeak Energy Solutions Corporation.

The Alberta government is opening up a new office in Ottawa.

Calgary’s Summit Nanotech and Cobax Mining, a Chilean-based exploration company, signed an agreement to develop an exploration and development program at the Salar de La Isla that prioritizes community, environment, and effective project economics.