Whitecap Resources plans more gas drilling in late 2022 as prices surge
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...
View ArticleRecord oil exports test Trudeau’s climate-change ambitions
Canada is becoming more reliant on the fossil-fuel sector, even as Prime Minister Justin Trudeau seeks to strengthen the country’s policies on climate change.
View ArticleIEA believes Canada’s status as an oil power threatened by net-zero goals
Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.
View ArticleExxon seeks to sell Canadian shale assets to focus on oil sands
Exxon and its majority-owned Imperial Oil Ltd. unit will start marketing XTO Energy Canada, which produces 9,000 barrels a day of crude and 140 million cubic feet a day of natural gas in the Montney...
View ArticleCarbon+Intel: Canada prepares carbon capture tax credit plan
Canada is preparing to roll out a tax credit for investments in carbon capture, a key step to reduce greenhouse-gas emissions from its oil sands, and will soon outline its 2030 goals for pollution cuts.
View ArticleCanada’s oil companies outperform their energy-producing peers
The combined shares of five of the largest oil sands companies have outpaced the broader S&P 500 Energy Index over the past three months. The 25% surge comes as U.S. crude oil prices approach $90 a...
View ArticleDrillers awaken in Canada as war leaves world begging for oil
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.
View ArticleCrescent Point shifts to Alberta shale with $1.3 billion Spartan Delta...
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...
View ArticleCrescent Point expands Canadian shale presence with $1.5 billion Hammerhead...
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.
View ArticleChevron to sell Duvernay shale assets following major Hess acquisition
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.
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