Canadian energy producers are prioritizing a transition away from dry gas more so than actively pursuing liquids, says Mark Quesada, senior analyst, Rystad Energy AS. Nonetheless, within the context of shifting commodity prices and production dynamics, companies are navigating liquids trading complexities, emphasizing condensate transactions.
Based on leases sold at the June 12 sale, the Clearwater fairway continues to expand northwards to Cadotte. Additionally, the upper Charlie Lake development at Cecil appears to be moving westward along the subcrop edge, and the Mannville Sparky oilsands at Sudgen is being explored further to the southwest.
When Enhance Energy Inc. was founded in 2008, policy and a carbon price signal played an integral role.
Effective economic reconciliation between the energy sector and First Nations involves commitment, notes a veteran of aboriginal business affairs.
Canada’s energy sector faces a hiring gap of 130,000 employees in the next decade unless industry and academia reach out to the young, says Dale Hansen, dean of MacPhail School of Energy at SAIT.
Saturn Oil & Gas Inc. has completed its previously announced acquisition of oil-weighted assets in Southern Saskatchewan.
Veren Inc. has closed its previously announced disposition of certain non-core assets in Saskatchewan for $600 million in cash (approximately $540 million including closing adjustments).
Royal Helium Ltd. says it has engaged Progress Through Technology LLC for a six-month contract to drive operations efforts to ramp up, fine tune and stabilize production at the Steveville helium purification plant located near Brooks in southern Alberta.
Helium Evolution Incorporated says the 9-18-3-8W3 well stimulation at its Mankota helium project in southern Saskatchewan is now anticipated to take place later in June or in July 2024.
NuVista Energy Ltd. announces that the Toronto Stock Exchange has approved the renewal of the company’s normal course issuer bid.
Surge Energy Inc. announces the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid for its outstanding common shares in accordance with the rules and policies of the TSX.
Saturn Oil & Gas Inc. has closed its previously announced private placement of US$650 million in aggregate principal amount of 9.625 per cent senior secured second lien notes due 2029 at par.