Canada
News
December 26, 2024
Vermilion Energy Inc. has entered into an arrangement agreement to acquire Westbrick Energy Ltd., a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion.
News
December 02, 2024
Energy NL has announced its full support of Premier Andrew Furey's statement which maintains the federal emissions cap regulations must respect the Atlantic Accord and the principle of joint management.
News
November 27, 2024
(Bloomberg) – Alberta intends to invoke legislation allowing it to defy a federally proposed cap on emissions from the oil and gas industry in opposition to Prime Minister Justin Trudeau. The Canadian province holds the world’s third-largest crude reserves in its oil sands.
News
November 28, 2024
(Bloomberg) – Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oil sands site, which the producer’s chief executive has called a “rock star” operation.
News
November 28, 2024
Enverus Intelligence® Research (EIR), a subsidiary of Enverus, has released its annual Montney and Duvernay Play Fundamentals that examines recent drilling trends, well inventory counts and associated economics within both Canadian plays.
News
November 16, 2024
Rival Downhole Tools has announced its continued international expansion with the establishment of new legal entities, personnel, and facilities in Canada and Mexico, as well as strategic partnerships in Saudi Arabia, the UAE and Europe.
News
November 07, 2024
Absolute greenhouse gas emissions from Canadian oil sands production registered a nominal increase of less than 1% in 2023 even as total production grew, according to a new analysis by S&P Global Commodity Insights.
News
November 06, 2024
CNOOC Limited announces that Long Lake Northwest Project in Canada has commenced production safely. The project is expected to achieve a peak production of approximately 8,200 bopd in 2025.
News
October 24, 2024
(WO) — In partnership with a Calgary-based private operator, Epsilon will earn a 25% working interest in undeveloped lands, covering approx. 150,000 gross total acres in the Mannville and Upper Viking formations and targeting horizontal drilling of oil wells
News
October 18, 2024
SLB has announced a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights.
News
October 18, 2024
Energy NL hosted their annual awards gala to recognize growth, innovation and outstanding achievements of Newfoundland and Labrador energy industry leaders.
News
October 07, 2024
McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for the North Field South (NFS) offshore pipelines and cables project.
News
October 07, 2024
Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion.
Article
September 2024
Optimism is slowly returning to the Canadian oil and gas sector, as global economic forces finally appear to be outpacing the misguided climate policies of the nation’s beleaguered federal government.
News
August 12, 2024
the acquisition includes existing low decline average base production of 29,000 – 30,000 boed, externally and independently evaluated proved and probable ("2P") reserves of 473.2 MMboe, and an extensive drilling inventory, including over 700 Tier 1 locations (246 net Montney locations booked in the Sproule Report 2P reserve category).
News
July 24, 2024
Hot weather has contributed to a wildfire outbreak in Western Canada, with 170 burning in Alberta alone — 53 of them out of control. The equivalent of about 388,000 bpd of oil production and 13,400 bpd of natural gas are within 10 km (6.2 miles) of blazes that are at least 10 hectares (25 acres) in size, according to Alberta Wildfire geographic data and Alberta Energy Regulator June production data.
News
July 18, 2024
About 500,000 bpd of marketable oil sands production could be within 10 km (6.2 miles) of an out-of-control blaze, Rystad Energy said in a report Thursday. That’s equal to roughly 10% of the total oil production in the province. As much as 1.2 MMbpd could be within 20 km.
News
July 17, 2024
In the past 24 hours, 47 new fires emerged in the province, most of them south of the unofficial oil sands capital of Fort McMurray, said Kai Bowering, spokeswoman for Alberta Wildfire. The arid conditions are expected to persist for the next 24 hours, making it easier for the blazes to spread, she said.
News
July 11, 2024
Eight out-of-control blazes have been discovered just south and southwest of the city since Wednesday, Alberta Wildfire data show. Those add to the three burning to the north, where the region’s main oil sands mines are located.
News
July 07, 2024
Suncor said late Thursday that it’s temporarily curtailing some production at Firebag because of a nearby wildfire. The blaze is about 8 km (5 miles) from the site and grew to about 12,000 hectares (29,650 acres) in size since Thursday.
News
July 02, 2024
The Canadian oil sands represent nearly 40% of North America’s sub-$50 WTI breakeven undeveloped oil resource and offer a compelling opportunity for investors and producers to extend duration in E&P asset portfolios.
