Canada
News
April 28, 2022
Whitecap Resources Inc., a Canadian conventional and shale driller, plans to increase natural gas activity in the second half of the year to capitalize on a surge in prices, Chief Executive Officer Grant Fagerheim said.
News
April 26, 2022
The first Annual General Meeting of Energy NL occurred virtually on Tuesday and included reports from the CEO and treasurer, remarks by the incoming and outgoing chairs, and results of the board of director election process.
News
April 11, 2022
Canada’s banks just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they’re running into conflicts between what climate activists and ESG investors want and what Canada’s oil-dependent economy demands.
News
April 08, 2022
Prime Minister Justin Trudeau is rolling out one of Canada’s largest single industrial tax incentives to fund carbon capture projects as his government tries to deliver on ambitious climate goals.
News
April 07, 2022
The Government of Canada approved the environmental assessment of the Bay du Nord development project as recommended by the Impact Assessment Agency of Canada in August 2021.
News
April 06, 2022
Canada has given the green light to a $12 billion offshore oil project proposed by Norway’s Equinor ASA, handing a major win to an industry that has grappled with slumping investment and tougher climate policy.
News
April 06, 2022
Searcher Seimic’s rigorous application of modern technology to 20-year-old data sets from oil fields offshore Nova Scotia, Canada, should reveal numerous additional drill-ready prospects.
News
April 04, 2022
Eight in ten (79%) of those aware of the Bay du Nord project express some level of support for it. Indeed, opposition to the project is limited with just 7% opposing the project.
News
April 01, 2022
Canada’s natural gas producers will face the greatest burden among energy companies under Prime Minister Justin Trudeau’s new emissions-reduction plan, just as the industry faces renewed pressure to increase output.
News
March 30, 2022
The Government of Canada on Tuesday released the 2030 Emissions Reduction Plan, which included emission reduction targets for the oil and gas sector and support for renewable energy.
News
March 28, 2022
Canada’s oil sands would play the biggest role in the government’s pledge to boost crude and natural gas exports by 300,000 barrels a day this year to compensate for Russian supplies.
News
March 24, 2022
The Canadian government delayed bids for oil exploration off the coast of Newfoundland and Labrador by up to 90 days, leading industry groups to warn that continuous regulatory delays could turn away investors.
News
March 15, 2022
Demand for rigs is now higher than it’s been in years, and the Canadian summer drilling season is likely to start earlier than usual.
News
March 04, 2022
Canada must find a path forward to build major projects that are environmentally responsible, create desperately needed jobs and develop critically important energy infrastructure while working to reduce emissions.
News
March 04, 2022
A poll taken in January shows that 84% of respondents support the Newfoundland and Labrador offshore oil and gas industry and 89% of respondents support the Bay du Nord project's approval.
News
March 03, 2022
Canada is ratcheting up sanctions on Russia in response to the invasion of Ukraine in coordination with Western allies, unveiling new restrictions on energy companies and steep tariffs on exports.
Article
February 2022
Every region will post an increase, led by the Middle East, the Americas, Africa and the FSU. Offshore activity will grow at about the same pace as onshore drilling.
Article
February 2022
While last year Covid seemed to be withering away, this year Covid is still around but definitely on the decline. Spot prices are high enough for everyone to make a profit, and then some, averaging lately in the high $80s to low $90s (perhaps too high).
News
February 18, 2022
The cost to expand the Trans Mountain oil pipeline that Justin Trudeau’s government bought from Kinder Morgan Inc. has jumped by 70% to nearly $17 billion.
Article
February 2022
As the global economy recovers from the pandemic, indicators have shifted to a positive outlook for the first time in many years. But politics, especially in Canada, have cast a pall over any potential turnaround for the Canadian industry.
News
February 15, 2022
In the early morning hours of Feb. 15, 1982, the Ocean Ranger semi-submersible drill rig sank on the Grand Banks of Newfoundland and Labrador, claiming the lives of all 84 crew members on board.
