While uncertainty around carbon pricing is a common barrier to reach a final investment decision on carbon capture and sequestration projects, Strathcona Resources Ltd. wanted risk addressed on a different end of the ledger.
More U.S. operators are piloting the horseshoe well design across different shale plays in an effort to optimize production from small leases, reduce drilling costs, and ultimately convert lower quality drilling inventory into Tier 1 wells.
Permian Basin operators are increasingly using simulfracs and trimulfracs to complete two or three wells simultaneously in an effort to cut costs while also allowing well pads to be brought online faster.
Teine Energy Ltd. has signed an agreement with the Saskatchewan Distance Learning Centre (Sask DLC) to develop online oil and gas courses for high school students.
A looming labour dispute at Canada’s two main railroads is unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans Mountain and other pipelines, people close to the matter said.
The Halfway River First Nation (HRFN) in northern British Columbia has reached a settlement agreement with the provincial government to reaffirm HRFN’s authority over decision-making regarding resource development within its traditional territory.
Canada’s federal government announced today a $9.14-million investment for six projects to support innovation in the country’s clean hydrogen sector.
North American natural gas prices remain weak but are expected to improve in 2025.
InPlay Oil Corp.’s Q2 production averaged 8,657 boe/d, an increase of two per cent compared to the prior year period.
Greenfire Resources Ltd. has adjusted its 2024 production growth projections downward but still expects an increase in output over the remainder of the year.