NuVista Energy Ltd. plans to increase production from current levels of 90,000 boe/d to 125,000 boe/d over the next five years after successfully testing multiple benches across its Montney assets, chief executive officer Jonathan Wright said at the company’s investor day this week.
The Alberta Energy Regulator (AER) says the province and industry are well positioned to build, operate and monitor large-scale carbon capture utilization and storage (CCUS) projects.
Tamarack Valley Energy Ltd.’s business transformation of the last four years is showing tangible benefits in its infrastructure program, said chief operating officer Kevin Screen.
Water use in Tamarack Valley Energy Ltd.’s operations is not at risk as the company grows, chief operating officer Kevin Screen told the audience at the company’s recent investor day.
The Alberta government closed the books on the 2023-24 fiscal year with non-renewable resource revenue of $19.3 billion, an increase of $900 million from Budget 2023 but a decrease of $6 billion from the record high in 2022-23, reflecting the drop in oil prices from the prior year.
The Alberta government brought in $4.29-million at its June 26 land sale.
Canadian crude oil exports by rail inched higher in April 2024, new data from the Canada Energy Regulator (CER) show.
The Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation's financial projections show, clouding Ottawa’s efforts to sell the pipeline now that its C$34.2 billion ($25.04 billion) expansion is finished after years of delays.
E3 Lithium Ltd. has released the summary of key results from the pre-feasibility study (PFS) for its Clearwater Project, located in south-central Alberta.
Alberta Innovates announced chief executive officer Laura Kilcrease is no longer with the provincial Crown corporation effective immediately.
Qube Technologies has added Teresa Waddington to its board of directors.
Obsidian Energy Ltd. closed its Peace River acquisition.
Saskatchewan's upstream oil and gas sector continues to significantly reduce greenhouse gas (GHG) emissions, reported the provincial government.
Canada Growth Fund Inc. (CGF) and Markham District Energy Inc. (MDE), an operator of district energy networks in the City of Markham, Ont., have entered a financial hedge to enable new investment in Ontario’s energy sector.
Canada-based ClearSky Global Corp. has raised US$168 million from a private international ESG investment group, facilitated by Tailwind Ventures as financial advisor.
Parkland Corporation’s Burnaby Refinery employees, some of whom are represented by Unifor, have successfully ratified a new three-year agreement.
Pembina Pipeline Corporation agreed to issue $950 million aggregate principal amount of senior unsecured medium-term notes.