Mark Maki, Trans Mountain Corporation’s chief financial and chief strategy officer, expressed annoyance with a letter sent to the Canada Energy Regulator (CER) by oil shippers that raised concerns about the risk of delaying the move to full pipeline services.
Alberta oil and oilsands operators have increased production in anticipation of the 590,000 bbls/d in increased export capacity from the TMX coming into service on May 1, but are still sorting out where supply will come from to fill the line and what markets the increased production will reach.
To support the needed technological advancements to jump the hurdles to economically produce carbon fibre from bitumen-derived feedstocks, Alberta Innovates launched its $26-million, three-phase Carbon Fibre Grand Challenge (CFGC) in January 2020 through its BBC initiative.
Whitecap Resources Inc.’s top executive said the company had an “exceptional” first quarter and that momentum is expected to continue going forward as the company has increased its production guidance for the year.
In Canada, Precision Drilling Corporation currently has 48 rigs operating, 10 more rigs than a year ago, and the company expect this trend to continue throughout spring breakup due to increasing year-round pad drilling in the Montney and heavy oil programs.
The volume of debt held by large U.S. oil and gas companies increased by $25 billion over the past year as they sought to maintain growth and return cash to shareholders.
SECURE Energy Services Inc. is forecasting growth capital expenditures to increase by $25 million to $75 million for 2024.
SECURE Energy Services Inc. generated revenue (excluding oil purchase and resale) of $360 million, a decrease of 13 per cent from the first quarter of 2023.
Canada’s oil and gas industry is still going strong, 77 years after the Leduc No. 1 oil well was drilled in 1947, and the industry’s total revenue rose to $269.9 billion in 2022.
Owner-operators of existing energy and chemical plants must grapple with three disruptive megatrends: stiff emissions reduction targets, steady 2% annual global energy consumption growth and ultra-volatile commodity markets.
A new course teaches organizations how to assess risks along their supply chains to incorporate sustainable practices into their operations.
Royal Helium Ltd. has entered into an agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, pursuant to which the underwriters has agreed to purchase, on a bought deal basis, 66,667,000 units of the company at a price of $0.09 per unit for aggregate gross proceeds to the company of $6 million.
Pulse Seismic Inc. reported Q1 revenue of $8.8 million compared to $8.4 million for the three months ended March 31, 2023.
The Meadow Lake Tribal Council (MLTC) and Carbon Alpha announced plans to develop the North Star Project, a carbon dioxide removal (CDR) project near Meadow Lake, Sask.