The startup of LNG Canada is unlikely to alter natural gas market fundamentals in Western Canada, with the long-term AECO discount to NYMEX prices remaining intact, Ovintiv Inc. president and chief executive officer Brendan McCracken said during the company’s second quarter 2024 conference call.
Trican Well Service Ltd.’s management noted that some work that was set to happen in the second half of 2024 was “accelerated” into Q2 to avoid potential water constraints.
The Canadian segment of Precision Drilling Corporation saw both drilling and well servicing performing at their highest levels in over a decade, CEO Kevin Neveu told analysts during the company’s second quarter phone-in.
Big production jumps at both its mining and thermal oilsands assets resulted in Canadian Natural Resources Limited reporting an overall eight per cent production increase in the second quarter of 2024.
Canadian Natural Resources Limited is seeing stronger production and lower costs across its heavy oil assets in the Mannville and Clearwater plays, resulting in more capital being targeted towards the two plays, company president Scott Stauth said at the company’s second quarter 2024 conference call.
As a result of strong first half performance, Cenovus Energy Inc. has increased the midpoint of its upstream production guidance to 797,500 boe/d and the midpoint of downstream throughput guidance to 655,000 bbls/d.
Cenovus Energy Inc.’s chief commercial officer Drew Zieglgansberger has announced his retirement from the company, effective Aug. 31, 2024.
TC Energy Corporation has reached unanimous support from customers for a five-year negotiated revenue requirement settlement on the NGTL System, which will support a multi-year growth plan that is expected to add approximately one bcf/d of incremental system throughput.
Tamarack Valley Energy Ltd.’s total capital expenditures in Q2/24 of $86.3 million reflected the drilling of 17 (13.8 net) Clearwater heavy oil wells and included $3.3 million for gas conservation projects sanctioned with the Clearwater Infrastructure Limited Partnership (CIP).
Canadian production for ConocoPhillips rose to 176,000 boe/d in the second quarter of 2024 from 85,000 boe/d at the same point of 2023.
The oil industry in Texas has been a driving force of the North American economy for decades.
A new regulatory course will help those who submit applications to build or operate pipelines and facilities in Alberta’s oil and gas sector avoid common errors and maximize AER application approvals.
Surge Energy Inc. says it has now drilled and brought on production three multi-lateral oil wells at its new Sparky oil discovery at Hope Valley.
Canadian crude exports from the recently expanded Trans Mountain pipeline are shifting to the U.S. from Asia, showing how the major project’s effect on global oil markets remains in flux.
Gear Energy Ltd. plans on reducing the 2024 capital expenditures from $57 million to $40 million.
Freehold Royalties Ltd. reported that 65 gross wells were drilled on Canadian royalty lands in Q2-2024, an 18 per cent increase over Q2-2023 and 209 gross wells were drilled in Freehold’s U.S. royalty lands, a 24 per cent increase over the previous quarter.
Total revenues for NCS Multistage Holdings, Inc. Q2 revenues were 29.7 million, a 17 per cent year-over-year improvement, driven in part by increased international revenues
Questor Technology Inc. has received a purchase order valued at $1 million to supply a clean combustion solution to an energy company in Nigeria.