Upon hearing about the federal government’s decision to roll back the carbon tax on heating oil, I rolled up my sleeves. The point of writing about energy at all is to try to illuminate some aspect of an energy topic from a viewpoint inside the energy sector; to explain some energy nuance that the general population, which cares little for the nuances of energy, may find valuable. Energy is not simple, and there are a lot of loud storytellers out there, selling magical beans and wishful [Read more]
battery
Vermilion Energy Inc. announces results for the three and nine months ended September 30, 2023
CALGARY, AB, Nov. 1, 2023 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three and nine months ended September 30, 2023. The unaudited interim financial statements and management discussion and analysis for the three and nine months ended September 30, 2023 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at [Read more]
Topaz announces third quarter 2023 financial results, Clearwater royalty & infrastructure acquisition and declares fourth quarter dividend
CALGARY, AB, Oct. 30, 2023 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce financial results for the third quarter of 2023, a Clearwater royalty and infrastructure acquisition and declaration of the fourth quarter dividend at $0.31 per share. Select financial information is outlined below and should be read in conjunction with Topaz's interim consolidated financial statements and related management's discussion and analysis ("MD&A") as at and for the [Read more]
Whitecap Resources Inc. announces third quarter results and 2024 budget
CALGARY, AB, Oct. 25, 2023 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2023. Selected financial and operating information is outlined below and should be read with Whitecap's unaudited interim consolidated financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2023 which are [Read more]
Coelacanth Energy Inc. announces operations update
Calgary, Alberta--(Newsfile Corp. - October 23, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that it has completed 2 wells at Two Rivers West and has finished the drilling of a 5-well pad at Two Rivers East. TWO RIVERS WEST PROJECT Coelacanth has completed the 2 Upper Montney wells on its 10-08 pad at Two Rivers West and recently placed the first well (C10-08) on production at a rate of 542 boe/d comprised of 225 bbls/d of 42 API light oil, 1.75 mmcf/d [Read more]
The Importance of Properly Abandoning Old Oil and Gas Assets: ELM Safeguards the Environment and Public Health
Proper abandonment of Oil & gas assets is a critical responsibility in the energy industry. Improperly abandoned wells, pipelines, & facilities can pose significant environmental and public health risks. ELM Inc. (“ELM”), assists our clients in their responsibilities to safeguard the environment, mitigate negative climate change impacts, and protect communities from potential hazards with proper closure techniques. Recently, a client tasked ELM with the abandonment of 44 complex and [Read more]
Is the World on Track to Reach Net Zero Emissions on Time?
It’s pretty well known that some 110 countries are committed to net zero emissions by 2050, including the U.S., the EU, the UK, Australia and... Canada. So it’s a bit puzzling that the Canadian federal government is proposing regulations this year which would require electricity grids across the country to reach net-zero emissions within a dozen years… by 2035. So why the rush to 2035 for electrification if the emissions commitment is for 2050? Premier Danielle Smith and her ministers [Read more]
The rush to net zero 2035 and the implications for electrical grid transitions
There were some interesting declarations made this week by Jonathan Wilkinson, Minister of Energy and Natural Resources. He met with Dr. Fatih Birol, Executive Director of the International Energy Agency for a bilateral meeting in Paris France and subsequently released Canada's Carbon Management Strategy which advocates for increasing electrification… “Electrifying more activities—from vehicles to heating and cooling buildings to various industrial processes” This current announcement [Read more]
TransAlta Renewables Inc. approves arrangement with TransAlta Corporation
CALGARY, AB, Sept. 26, 2023 /CNW/ - TransAlta Renewables Inc. ("TransAlta Renewables" or the "Company") (TSX: RNW) held its Special Meeting of Shareholders ("the Meeting") on September 26, 2023. The purpose of the Meeting was to seek shareholder approval in connection with the previously announced definitive arrangement agreement (the "Arrangement") whereby TransAlta Corporation ("TransAlta") will acquire all of the issued and outstanding common shares of the Company not already owned, directly [Read more]
Oil companies cautious about drilling as energy transition looms
Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits - a dynamic that could spell tight supply and high prices as clean energy alternatives seek to fill the void. Crude oil prices have surged above $90 a barrel and some analysts predict they will nudge above $100 by year's end. But instead of spending big to boost output, companies are boosting dividends or buying back shares to reward [Read more]
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