Industry News

Good news could come for Canadian LNG this year with booming China imports: GMP FirstEnergy
The balance of global LNG supply and demand is shifting, and Canada might finally benefit. Chinese LNG imports have hit all-time records in the past few months, and analysts with GMP FirstEnergy expect that China will..
Alberta Energy Industry Water Use Report
2018 Alberta Energy Industry Water Use Report
Tervita to go public in merger with Newalta; major oilfield environmental service firm created
Two prominent environmental service firms supporting Canada's oil and gas industry have announced their agreement to merge.Publicly traded Newalta Corporation and privately held Tervita will join together to be publicly
Chesapeake Energy Completes 417 Wells in 2017
Chesapeake Energy Corporation (ticker: CHK) produced approximately 593,200 BOEPD in Q4 2017. Chesapeake's average daily production for the 2017 full year was approximately 547,800 BOE, compared to approximately 635,400
New tar sands technology could be a game-changer for Alberta
Calgary - Ian Gates, an engineer at the University of Calgary thinks an invention he stumbled upon in the laboratory could transform the way Alberta gets its heavy oil to market.
Apache Aims To Boost Produced Water Reuse in Permian
Produced water reuse can be a valuable strategy for operators because lowering their water footprint helps promote sustainability. With oil production rising in the Permian, companies are producing more water.......
Survey: Texas most attractive jurisdiction for investment
Texas is once again the most attractive jurisdiction in the world for oil and gas investment, reclaiming the top spot from Oklahoma in an annual global survey of petroleum-sector executives released by the Fraser.....
U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China
The flood of U.S. oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments.
Newfoundland and Labrador wants more oil, gas production
The Government of Newfoundland and Labrador remains opposed to leaving some or all of the province’s oil and gas resources in the ground as a means of limiting future greenhouse gas emissions.Provincial government
Interior to hold largest oil and gas lease sale in US history
The Interior Department is planning to hold the largest sale of oil and gas leases in the country's history. The plans, would auction off 77.3 million acres of offshore waters to drilling, covering coastal waters in.....
Korean firm reactivates Alberta oilsands project, plans to triple workforce
A subsidiary of Korea National Oil Corp. is tripling its staff count and adding experienced executives as it reactivates its BlackGold oilsands project in northern Alberta. Harvest Operations Corp. says it has hired....
U.S. Crude Output to Jump Above 11 Million Barrels a Day Sooner Than Expected
The U.S. government sees nationwide oil production jumping above 11 million barrels a day much quicker than anticipated. After oil output already topped 10 million barrels a day back in November, output will climb above.
Oil World Turns Upside Down as U.S. Sells Oil in Middle East
The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil. Yet, in a trade that illustrates how
Suncor initiating roll out of driverless heavy haulers across its oilsands fleet
Just one day after announcing the official start of operations at the new Fort Hills oilsands mine, operator Suncor Energy will start replacing what appears to be its full heavy hauling mining fleet with driverless
Private firm raises $3.25 billion to pour into midstream companies
EnCap Flatrock Midstream said it has closed its fourth investment fund, collecting $3.25 billion to pour into companies that transport and store oil and gas. The San Antonio private equity firm, which has offices.......
U.S. oil industry set to break record, upend global trade
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
These days, oil and gas companies are super-sizing their well pads
Dave Elkin remembers in the earlier days of the Marcellus when EQT drilled three wells from a single well pad and it was considered a technological marvel. “The greatest thing since sliced bread,” Mr. Elkin, a senior....
Commentary – The Wavy World of Oil
US oil prices are treading water above $US 60/B (WTI) again, the first time since 2015. Crude oil has a northerly wind in its sails, though everybody on board this fickle ship is cautious about its compass bearing.....
U.S. Energy Department directs $30 million to small oil, gas projects
Six small U.S. oil and natural gas drilling projects will receive about $30 million in federal funding for research and development to help achieve President Donald Trump’s policy of boosting output of fossil fuels......
Landlocked, Canada’s oilpatch leans on tech to stay in the game
Proceed with caution. That’s how Canada’s oil and gas sector is looking at 2018. After three years of depressed conditions, the new year is expected to bring improved, but still challenging energy prices, particularly...