On Nov. 23, the Canadian Association of Energy Contractors (CAOEC) announced the release of its Q4 2022 and 2023 drilling forecast. The forecast included: Projected 2023 wells drilled: 6,409 – an increase of 827 from 2022 (5,582*) Projected 2023 operating...
By Jon Gambrell in Dubai DUBAI, United Arab Emirates (AP) — Chinese leader Xi Jinping vowed on Friday to import more oil and natural gas from energy-rich Gulf Arab states while not interfering in their affairs, likely seeking to cast Beijing in a more favorable light...
CALGARY — Crescent Point Energy Corp. says it has signed an agreement with Paramount Resources Ltd. to acquire additional Kaybob Duvernay assets for $375 million. The Calgary oil and gas company says those assets include 130 net drilling locations across almost 65,000...
TC Energy Corp. has estimated the volume of oil released in Wednesday’s Keystone pipeline leak at 14,000 barrels, making this most recent spill larger than Keystone’s 2017 and 2019 leaks combined. The update comes one day after TC Energy announced...
By Amanda Stephenson in Calgary The size and scope of the oil spill caused by the Keystone pipeline Wednesday remains unknown, but analysts say Canadian crude could suffer a significant price impact if the pipeline is shut down for more than a few days....
