Alberta premier defends oil curtailment program as maximum output inches higher

Alberta’s United Conservative government is again easing oil production limits for producers, setting a maximum production quota of 3.81 million barrels per day for December, up 250,000 bpd from the original limit set by the previous NDP government for last…

Frustration grows among natural gas producers amid low prices, LNG uncertainty

Greg Kist admits he was burned out when he resigned as president of Pacific NorthWest LNG at the end of 2014, as the Vancouver-based venture led by Malaysian energy giant Petronas advanced its ill-fated mission to build a liquefied natural…

Acquisitions, insolvencies cited as drilling company count tumbles by 40%

A research report by AltaCorp Capital shows the number of companies actively drilling in Canada has declined by 40 per cent since the oil price crash of late 2014. The analysis cites industry data which shows only 26 drilling contractors…

Oil and gas sector ‘encouraged’ by new Alberta premier’s many pro-business pledges

The Alberta oilpatch is applauding the provincial election win by Jason Kenney and his United Conservatives. READ MORE: Jason Kenney’s United Conservative Party wins majority government The Canadian Association of Petroleum Producers offered congratulations and welcomed the UCP’s commitment to…

Alberta oil production cap remains unchanged despite price recovery

Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that have narrowed to three-and-a-half-year lows. READ MORE: Alberta orders 8.7 per cent oil…