While focused on secondary recovery on its core Clearwater properties at Marten Hills and Nipisi, Tamarack Valley Energy Ltd. is also testing its land positions at Seal and Pelican Lake that could add future production, Lynne Chrumka, vice-president for exploration, said at its 2025 investor day.
Heavy sour Canadian crude is capturing a growing share of the market for heavy crude arriving in Asia-Pacific this year.
A tanker carrying the first liquefied natural gas to leave Canadian shores is sailing across the Pacific, a major milestone as the country looks to diversify its export markets for oil and gas beyond the United States.
Hydrogen production in the province is estimated to reach 4.4 million tonnes in 2034, according to one scenario in the Alberta Energy Regulator’s (AER) latest outlook report.
Ontario is accelerating the expansion of the province’s hydrogen energy development with three new initiatives announced in June.
Waterous Energy Fund Management Corp. purchased 21,400,000 subscription receipts of Strathcona Resources Ltd. at a price of $30.92 per subscription receipt, for an aggregate purchase price of $661,688,000.00.
The ConocoPhillips board of directors has elected Kathleen (Katie) McGinty to serve as a board member.
Green Impact Partners Inc. updated the anticipated timing of the previously announced disposition of its water, waste treatment, and recycling facilities, noting the company and the purchaser are negotiating the terms of a short-term extension of the closing timeline.