Canada
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.
News
June 23, 2024
“The federal Liberal and NDP coalition has passed draconian legislation that will irreparably harm Canadian’s ability to hear the truth about the energy industry and Alberta’s successes in reducing global emissions," said Alberta Premier Danielle Smith, along with Canadian Minister of Energy and Minerals Brian Jean and Environment and Protected Areas Minister Rebecca Schulz.
News
June 05, 2024
The second day of the Energy NL Annual Conference & Exhibition 2024 got underway today with a morning address by the Honourable Seamus O’Regan Jr., Minister of Labour and Seniors, who outlined the Government of Canada’s efforts to support energy development, including amendments to the Atlantic Accord.
News
June 04, 2024
The Energy NL Annual Conference & Exhibition 2024 began on Tuesday, June 4, 2024, with an opening address by Premier Dr. Andrew Furey, who committed his support for the Newfoundland and Labrador energy industry, including the offshore oil and gas sector and the renewable energy sector.
News
June 02, 2024
Surge has now identified the potential for up to 100 multi-lateral drilling locations at Hope Valley. Surge's technical interpretation of its recent 46 square kilometer 3-D seismic program has allowed the company to de-risk these future drilling locations in Hope Valley.
News
May 14, 2024
The 24,000 acre blaze expanded to the northeast and is now about 8.4 miles from the Fort McMurray landfill. The fire is one of two listed as out of control in Alberta and the closest to the oil sands, where the bulk of Canada’s 4.9 MMbopd is produced.
News
May 12, 2024
Massive fires burned down swathes of Fort McMurray eight years ago, forcing thousands of residents to evacuate and temporarily shutting more than MMbpd of oil production.
News
May 09, 2024
Production will rise to 3.8 MMbpd by 2030, about 3% higher than projected last year, S&P said Thursday. Companies including Exxon Mobil Corp.’s Imperial Oil Ltd. unit and Canadian Natural Resources Ltd. are expanding existing oil-sands well sites, taking advantage of the start of new pipeline capacity to the Pacific Coast.
News
May 02, 2024
(WO) — The agreement provides a contractual framework for earlier and closer engagement throughout the project cycle to unlock more value from complex projects, and work commences immediately with maturation of the subsea scope for the Wisting and Bay Du Nord projects off Newfoundland and Labrador, Canada.
News
May 01, 2024
The sole criterion for selecting a winning bid will be the total amount of money the bidder commits to spend on exploration of the parcel during Period I (the first six years of a nine-year license). The minimum bid for the parcels offered is $10,000,000 in work commitments.
News
April 22, 2024
The fire is one of two out-of-control blazes in Alberta, home to the Canadian oil sands, the world’s third-largest crude oil reserves.
News
April 15, 2024
A total of 50 so-called “zombie” fires still smoldering beneath layers of snow are located near oil and gas wells and other production facilities. Those sites yield natural gas equivalent to about 80,000 bpd of oil in Canada’s energy heartland of Alberta alone, in addition to almost 14,000 bpd of crude.
News
March 13, 2024
Today marks 15 years since Flight 491 crashed in the waters off Newfoundland and Labrador, resulting in the loss of 17 of the 18 people on board. Energy NL remembers these individuals, the survivor, as well as the family and friends who lost a loved one on that tragic day.
News
March 12, 2024
Under the MOU, Suncor is progressing early stage technical and commercial feasibility assessments to determine the quality and quantity of economically recoverable mineable ore on Lease 174C, which is FMFN Reserve Land.
Article
February 2024
At one point, 2024 was shaping up to be the Canadian oil patch’s big comeback year. But price volatility and a federal government that singles out fossil fuels in its climate crusade have plunged the industry into greater uncertainty and dimmed hope that Canada might again step to the international hydrocarbons forefront.
News
March 01, 2024
“Prime Minister Brian Mulroney very early recognized the potential and the importance of the Newfoundland and Labrador offshore oil and gas industry. He had the foresight to see the impact and prosperity the offshore could bring to Newfoundland and Labrador, as well as the opportunity before our province to create long-term benefits and establish a world-class supply and service sector," said Energy NL CEO Charlene Johnson.
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.
