The western Canadian oil and gas sector continues to keep a keen eye on drought conditions and prepare for the potential of water restrictions in both British Columbia and Alberta.
First Nations leaders are calling on the federal government to allow Alberta access to more than $100 million of unused site rehabilitation funding.
With approximately 70 per cent of its production hedged at almost $4/mcf and some of the lowest costs in the industry, Peyto Exploration & Development Corp. has no current plans to cut its 2024 capital spending like other gas focused operators.
The Canadian Association of Petroleum Producers (CAPP) is forecasting capital expenditures for the upstream oil and gas sector will reach $40.6 billion in 2024, rising slightly from an estimated investment of $39 billion for 2023.
Entropy Inc. has done an about-face in its stance on investment in Canada thanks to an agreement with the federal government announced late last year.
Daniel Halyk, president and chief executive officer of Total Energy Services Inc., called 2023 a solid year for the company, with record cash flows.
Oil and gas companies recognize the vital role Carbon Capture, Utilization and Storage (CCUS) could play in helping reduce carbon dioxide emissions in their operations.
The global oil and gas industry is facing increased pressure to reduce its methane emissions to tackle climate change. In 2015,
Enerflex Ltd. named Thomas B. Tyree, Jr. to its board of directors, effective March 11, 2024.
The B.C. Centre for Innovation and Clean Energy's board of directors named Sarah Goodman as president and chief executive officer, effective March 11, 2024.
The federal government officially launched Canada's Methane Centre of Excellence and an associated call for proposals for methane emissions measurement and mitigation projects.
Tourmaline Oil Corp. reported proved, developed producing (PDP) reserves of 1.20 billion boe at year-end 2023, up slightly over 39 per cent after accounting for 2023 annual production of 189.9 million boe.