Canada
News
April 18, 2023
Located in northern Alberta, Fort Hills is Canada’s newest oil-sands mine. The site began operation about five years ago and produced about 164,000 bpd last year, AER data show.
News
April 10, 2023
The pipeline also may allow oil-sands companies to boost production. Imperial Oil Ltd., which is controlled by Exxon Mobil Corp., expects to finish a 15,000-barrel-a-day expansion of its Cold Lake facility ahead of schedule this year, Chief Executive Officer Brad Corson said at the conference.
News
April 04, 2023
During the FEED engineering, KBR will continue to help Equinor develop one of the lowest carbon emitting FPSO's in the world, using an onboard combined cycle power system and the latest technology to minimize the number of crew onboard and maximize digital solutions.
News
March 29, 2023
Highlights of the budget for Energy NL include a plan to improve the efficiency of the impact assessment process for major projects, support for offshore wind, the Clean Hydrogen Investment Tax Credit, the Clean Technology Investment Tax Credit, and the Carbon Capture, Utilization, and Storage Investment Tax Credit.
News
March 29, 2023
QatarEnergy entered into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada.
News
March 28, 2023
The purchase will add 600 drilling locations and 38,000 boe of production. The cash acquisition — which will be financed through Crescent Point’s existing credit facilities — immediately adds to key per-share cash flow metrics, the company said.
News
March 23, 2023
The Government of Newfoundland and Labrador released its budget and Energy NL welcomes a number of the initiatives, including reinstatement of the offshore seismic program, support for the renewable sector, continuation of the Offshore Exploration Initiative, and assessment of natural gas opportunities.
News
March 06, 2023
Mike Nicholson, IPC's CEO, comments, “We are very pleased to complete the acquisition of almost 16 MMboe of proved plus probable reserves adjacent to our existing Suffield area assets in Alberta."
News
February 22, 2023
Pathways Alliance members have awarded a $10 million contract to Wood, a global engineering and consulting company, to develop detailed plans for a 400-kilometre CO2 transportation line that will eventually link more than 20 oil sands facilities with a hub for permanent carbon storage in the Cold Lake, Alberta region.
Article
February 2023
Coming off a strong rebound year, the Canadian oil patch is on an upward trend, with strong prices and increased spending. But political uncertainty continues to cast a pall over any long-term optimism.
News
February 16, 2023
The MOU between Energy NL and the Canada Guyana Chamber of Commerce is intended to establish a good faith relationship between both organizations which will lead to the mutual benefit of their memberships.
News
February 06, 2023
The acquired assets have a forecast average net production of about 4,000 boepd for 2023. The acquisition also includes drilling locations close to IPC’s current operation areas in southern Alberta.
News
January 30, 2023
TotalEnergies EP Canada Ltd acquired an additional 6.65% interest in the Fort Hills Energy Limited Partnership and associated sales and logistics agreements from Teck Resources Limited, for a consideration of $233.39 million.
Article
January 2023
In this exclusive interview, Searcher Seismic’s V.P. for Global New Ventures assesses the potential for new oil and gas finds offshore Nova Scotia and discusses the federal and provincial governments’ new licensing round.
News
January 25, 2023
The “Wind At Our Backs” campaign will create awareness of the vast potential for wind developments and green hydrogen production in Newfoundland and Labrador.
News
December 26, 2022
2022 was an enormous year for the oil and gas industry. From oil discoveries in Wyoming to Russia working around Western sanctions, there was no shortage of ground-breaking news. Read World Oil's top news stories of 2022 here.
News
December 21, 2022
Milestones include recognition of the initial industry and government sponsors and partners, selection of keynote speakers for the Strategic Program of the Congress, updates on registration timelines and pricing and the appointment of two new Board Members to the Canadian Association of the World Petroleum Council.
News
December 15, 2022
TAG Oil has chosen the BED 1-7 vertical well for its first re-completion and evaluation operations in BED-1. The data collected from BED 1-7 and incorporated into the modeling studies will help facilitate plans for drilling the first horizontal ARF well in BED-1.
News
December 09, 2022
Pulse has completed all on-site construction, solvent storage, commissioning and regulatory approvals, and has begun injecting solvent into its Nisku D Pinnacle Reef.
News
December 09, 2022
VAALCO Energy, Inc. provided an operational update including clean-up information on the North Tchibala 2H-ST well and more on Dec. 9.
News
December 01, 2022
Canadian Natural Resources Ltd., Canada’s largest oil and gas producer, is aiming to raise production as high as 1 million barrels a day in 2023 for the first time as the company ramps up drilling amid historically high prices.
