Canada
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.
News
September 08, 2023
The agreement encompasses all the mineral rights, related facilities and infrastructure in Repsol’s Canadian upstream oil and gas business, including the assets in the Greater Edson area with a net production of 23 Mboed, of which most is gas.
News
August 30, 2023
The Government of Newfoundland and Labrador received 24 bids from 19 companies in the initial call for bids, with nine bids from nine companies proceeding into stage two. The results of stage two were announced, with ABO Wind, EverWind Fuels, Exploits Valley Renewable Energy Company (EVREC), and World Energy GH2 being the recipients of Wind Application Recommendation Letters.
News
August 15, 2023
The province, which relies on fossil fuels for 89% of its electricity, can achieve a net zero power grid by 2050, but the government’s timeline would be too costly and carry the risk of blackouts, Premier Danielle Smith said at a news conference on Monday.
News
August 14, 2023
The contract is for one well plus one optional well, and is expected to commence in the second quarter of 2024. The duration for the firm contract period is approximately 200 days, including transit to and from Canada.
News
August 09, 2023
Absolute emissions remained flat at 81 million metric tons of carbon dioxide, while total oil sands production rose by more than 50,000 bpd to 3.1 MMbpd, S&P said.
News
August 08, 2023
ConocoPhillips exercised its right to purchase the remaining 50% interest in Surmont from TotalEnergies SE for about $3 billion in May. The acquisition is expected to close in the second half of 2023.
News
August 04, 2023
Canadian Natural will raise output from its Primrose site by 25,000 bpd in the current quarter and boost production at its Kirby oil-sands operation by 15,000 bpd in the fourth quarter, the company said Thursday.
News
August 04, 2023
Tourmaline said late on Wednesday that it’s joining Rockies LNG, a group of producers working on the 12 million-metric-ton-per-year Ksi Lisims project on the northern edge of British Columbia’s Pacific coast.
News
August 01, 2023
Alberta’s total oil output dropped 21% to 2.71 MMbpd, the lowest since June 2016, when oil-sands producers were recovering from wildfires that shut about 1 MMbpd of capacity.
