Enverus Intelligence® Research (EIR), a subsidiary of Enverus, has released its annual Montney and Duvernay Play Fundamentals that examines recent drilling trends, well inventory counts and associated economics within both Canadian plays.
President-elect Donald Trump said on social media Monday he would slap import tariffs on products from China but also Mexico and Canada, sending shockwaves across the Canadian economy. Crude oil is the top Canadian export to the United States and any tariffs would interfere with flows and revenues. In posts on his platform Truth Social, Trump said […]
Overseas, CNOOC Ltd.’s production in the first three quarters of 2024 increased 12.2 percent year-over-year to 172.9 MMboe, driven by the Payara oilfield in Guyana’s Stabroek block.
A highly touted exploration well in Newfoundland’s offshore that had garnered international attention did not produce the results that energy giants ExxonMobil Canada and Qatar Energy had hoped.
Gran Tierra Energy has announced plans to acquire i3 Energy plc in a cash and share deal valued at $225 million.
Alongside surging production, Canada’s oil and gas exports jumped in the period 2002 to 2022.
Canada saw a record-high oil production in 2023 amid expanding oil sands output.
Combined, crude oil, NGLs, and natural gas exports accounted for roughly 20% of total Canadian exports last year.
Plans to cap emissions on hydrocarbon production are angering energy producers and face resistance in Canada’s major oil province Alberta.
At the end of last year, Canada’s federal government introduced a draft framework to cap pollution from the oil and gas sector to reduce emissions.
The Canadian Association of Petroleum Producers (CAPP) has criticized the plan for being too ambitious and emphasized that the industry is already working hard to reduce emissions.
With Africa one of the last frontiers for upstream development, the OPEC+ alliance is courting emerging oil producers on the continent, such as Namibia, Ghana and Senegal, for potential membership.
Canada’s Trans Mountain pipeline expansion is now operational, boosting oil transportation capacity and enabling record-breaking oil production.
Canada’s LNG Canada liquified natural gas export facility nears completion, targeting global markets and reducing exports to the United States.
Canada’s energy industry expansion aims to gain strategic economic ground on a global scale, while maintaining close trade relations with the United States.
Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 1,213,100 Africa Oil common shares during the period of March 18, 2024 to March 22, 2024 under the previously announced share buyback program