Canada

News
March 01, 2024
MEG Energy Corp. said Chief Operating Officer Darlene Gates will succeed Derek Evans as the company’s new chief executive officer, making her the only woman to helm a major oil sands producer.
News
February 29, 2024
Renewable developments won’t be allowed on the two highest-quality classes of agricultural land unless the developer can prove that crops and livestock can coexist with the projects, Alberta’s government said Wednesday.
News
February 04, 2024
The recoverable oil volume for the Cambriol G-92 discovery is estimated to be 340 MMbbl.
News
January 20, 2024
Chevron plans to shed all of its 70% stake in the Western Alberta oil and natural gas play, spokesman Braden Reddall said in an email.
News
January 12, 2024
Total production jumped by 336,822 bpd to 4.16 MMbpd, the highest in data stretching back to 2010, according to the Alberta Energy Regulator’s website. Output over the first 11 months of the year averaged 3.79 MMbpd, versus 3.73 MMbpd for all of 2022, the data show.
News
December 31, 2023
In total, Duvernay Energy will have exposure to about 200,000 gross acres in the liquids rich and oil windows with roughly 500 gross future well locations.
News
December 28, 2023
Crescent Point's production guidance has changed by 2,000 boed compared to its preliminary guidance, despite the recently announced non-core asset dispositions of approximately 5,000 boed.
News
December 20, 2023
(WO) —WSG Energy Services (WSG) announced the acquisition of Azoto Energy Services Ltd. (Azoto), a leading player in the engineered nitrogen pumping solutions sector in Western Canada, on Dec. 13.
News
November 30, 2023
The Canadian province, which holds the world’s third-largest crude reserves, is benefiting from higher oil prices supported by production cuts from OPEC+ countries including Saudi Arabia and Russia.
News
November 28, 2023
Production from the assets is approximately 4,000 boed (100% light and medium crude oil).
News
November 27, 2023
Alberta Premier Danielle Smith’s government said in a statement that Alberta, which relies on natural gas for the bulk of its power generation, is able to achieve a net-zero power grid by 2050 but the 2035 target would be “unaffordable, unreliable and unconstitutional” and puts people at risk of “freezing in the dark” when temperatures drop as low as minus-23F.
News
November 27, 2023
Suncor Energy announced that the Terra Nova Floating, Production, Storage and Offloading (FPSO) vessel has safely restarted following the completion of the Terra Nova Asset Life Extension project. Production is expected to ramp up over the coming months.
News
November 13, 2023
Prospera’s current gross production are 1,100 boed, with 400 boed shut-in to accommodate development, and another 300 boed behind pipe on minor repairs and optimization.
News
November 07, 2023
The cash-and-stock acquisition will add about 800 drilling locations and an expected 56,000 boed of production in 2024, Calgary-based Crescent Point said Monday.
News
October 23, 2023
Oil drillers have applied for 81 licenses to drill into the so-called Waseca formation so far this year, 30 more than in all of 2022. That’s the biggest increase in any oil and gas formation in the province this year, according to regulatory data.
News
October 16, 2023
Tourmaline’s production will increase to 600,000 boed after the acquisition, which is expected to close late next month.
News
October 05, 2023
The acquisition adds 61,000 bpd of net bitumen production capacity and 675 MMbbl of proved and probable reserves to Suncor's existing oil sands portfolio.
Article
September 2023
Caution leads the way as Canada’s oil industry seeks to find the balance between burgeoning global needs for its ethically and sustainably produced energy and increasingly punitive policies from Ottawa that threaten industry’s ability to meet demand.
News
September 29, 2023
Five awards were presented to individuals and companies that have made exemplary contributions to the Newfoundland and Labrador energy industry.
Article
September 2023
There have been the disappointments of Equinor’s delayed Bay du Nord development and bp’s Ephesus well, but the significant potential of Newfoundland and Labrador’s offshore resources cannot be denied. There is much to be thankful for in this sector.
News
September 25, 2023
Ted Howell served as President and CEO of then Noia (now Energy NL) from 2006 to 2007. Ted remained connected to the offshore oil and gas industry throughout his career, which included working within the energy and financial sectors.
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