With the TMX now operational, demand for condensate for diluent will continue increasing, positioning Ovintiv Inc.’s Montney operations to generate strong free cash flow for the foreseeable future.
Tamarack Valley Energy Ltd. saw its Charlie Lake assets record a production average of 16,800 boe/d last quarter, including in March a monthly record of 18,500 boe/d.
Lower LNG prices are resulting in price sensitive Asian buyers scooping up more supply on the spot market, Cheniere Energy Inc. executive vice-president and chief commercial officer Anatol Feygin said at the company’s first quarter 2024 earnings call.
Tidewater Renewables Ltd. made “significant progress” on the front-end engineering design of its proposed 6,500 bbl/d sustainable aviation fuel (SAF) project.
Tidewater Renewables Ltd. named Todd Moser to its board of directors.
Increased utilization at its Prince George refinery and new renewable diesel and hydrogen facility resulted in improved financial performance in the first quarter of 2024, Tidewater Midstream and Infrastructure Ltd. reported.
Low natural gas prices, along with customers in the U.S. Rockies who deferred work in the first quarter of 2024, led to lower utilization of Calfrac Well Services Ltd.’s fleets in North America.
The Pathways Alliance has appointed former MEG Energy Corp. CEO Derek Evans as executive chair.
Pieridae Energy Limited’s Goldboro LNG sales process is expected to conclude in the second quarter of 2024 and, once complete, will mark the conclusion of the company’s strategic pivot away from East Coast LNG and toward an Alberta-focused natural gas production and processing business.
Kelt Exploration Ltd.’s average production in the first quarter was 32,910 boe/d, up three per cent from average production of 31,833 boe during the corresponding quarter in 2023.
Perpetual Energy Inc. has approved exploration and development capital spending of $7–$8 million for 2024, excluding land purchases and acquisitions.
Gear Energy Ltd. appointed Scott Robinson as the chair of the board of directors.
Royal Helium Ltd. has begun licensing and permitting for the Forty Mile #1 exploratory helium well at the Forty Mile project in southeastern Alberta.