Canada
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.
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.
News
July 06, 2023
“Justice Marshall leaves an enduring legacy in our energy industry and our province," said Energy NL CEO Charlene Johnson.
News
May 31, 2023
“We have seen this before and come through the other side. We will do so again. Our members will continue to prepare and show, as a sector, that we are ready to play a leading role in one of the world’s lowest carbon energy projects," said Charlene Johnson, Energy NL CEO.
News
May 31, 2023
The project to develop an oil field about 500 kilometers (311 miles) off Newfoundland’s coast has “experienced significant cost increases” in recent months, the company said.
News
May 29, 2023
Taking full control of Surmont’s low-cost production helps ConocoPhillips Chief Executive Officer Ryan Lance meet a commitment to return $11 billion in cash to shareholders this year by letting the company generate free cash flow at even lower crude prices.
News
May 18, 2023
ConocoPhillips is restoring non-essential workers to its Surmont oil-sands site in Alberta after removing them Tuesday because of a wildfire nearby, the company said in an emailed statement. Until now, the blazes were hindering oil and gas production in the western part of the province, far from the oil sands in the northeast.
News
May 15, 2023
Pipestone Energy Corp. temporarily halted roughly 20,000 boed of output since Friday after blazes resurfaced close to some processing facilities the company relies on. It had restarted assets that were shut in response to a wave of fires in early May.
News
May 15, 2023
In 2016, wildfires tore through Aberta’s oil sands, shutting down more than 1 MMbbl of daily crude production and razing whole sections of Fort McMurray, the biggest city in the oil-sands region. This month’s blazes have largely spared the oil sands, but they’ve hammered the province’s drought-stricken west, forcing the evacuation of as many as 30,000 people and curtailing natural gas production.
News
May 12, 2023
This acquisition aligns with Crescent Point's long-term strategy and enhances the company's portfolio by adding 600 high-return Montney locations, further extending its premium drilling inventory to 15 years.
News
May 08, 2023
The fires are affecting energy production in the region, which accounts for most of Canada’s hydrocarbon exports. One community under evacuation order as of Sunday was Fox Creek, a major center for light oil and gas drillers.
