Gordon Jaremko worked as a reporter and editor for Canadian daily newspapers, wire services and monthly magazines for 38 years in Calgary, Edmonton and Ottawa, primarily covering politics, economics and business with emphasis on the Alberta petroleum industry. He has contributed to four books and has become an independent contractor engaged on two history projects. He has been contributing to Intelligence Press since 1986.
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Articles from Gordon Jaremko
Calgary’s Headwater Riding Oil, Natural Gas Growth Wave, with Capital Jumping 59%
Headwater Exploration Inc. plans to boost its average daily output 33% by the end of this year, the Calgary-based independent said. “Our business continues to evolve with a very strong growth outlook for the foreseeable future,” management said in the earnings report for the first quarter. The producer reported 1Q2022 average output of 12,414 boe/d,…
May 20, 2022
Crescent Point Cuts Drilling Times in Bakken, Kaybob Duvernay
Crescent Point Energy Corp. improved the speed at which it drilled wells in the Bakken Shale in North Dakota and the Kaybob Duvernay formation in Alberta, the Calgary-based independent reported Thursday. “During first quarter 2022, Crescent Point commenced completion activities on its second fully operated multi-well pad in the Kaybob Duvernay, which it expects to…
May 18, 2022
Suncor Forecasts Lingering Rise in Commodity Prices, Pushes Back on Activist Investor
While reporting a strong first three months to the year, Suncor Energy Inc. management made a vow to keep its refineries and service stations despite a request by an activist investor to sell the national network. “We think we have the best downstream business in North America, and we think it’s important that it stays…
May 17, 2022
Canadian OFS Contractors Forecasting Increased Oil, Natural Gas Drilling
Canadian oil and natural gas drilling will accelerate this year to double the sluggish pace inflicted in 2020 by the Covid-19 virus pandemic and resulting global economic slump, according to oilfield service (OFS) contractors. The 2022 well count is expected to rebound to 6,902, up 48% from 5,648 in 2021 and 110% from the 2020…
May 13, 2022
Meg Energy Keeps Shipping Contract for Unfinished Oilsands Pipe
Alberta oilsands specialist Meg Energy Corp. reported that it has retained a 20,000 b/d oil shipping contract on the incomplete expansion of the Trans Mountain Pipeline. Management confirmed its plans for capacity on the Trans Mountain Expansion Project (TMX), whose estimated construction cost has ballooned 70%, while reporting fourth quarter and full-year 2021 earnings. TMX…
May 12, 2022
Canada’s Supreme Court to Weigh Legality of Oil, Natural Gas Regulatory Overhaul
A dispute over environmental approval of oil, natural gas and forestry projects is headed for the Supreme Court of Canada following an Alberta verdict that the federal government violated the national constitution with its 2019 green new deal legislation. The case is to be appealed, said Prime Minister Justin Trudeau. The Alberta Court of Appeal…
May 12, 2022
Pembina Says Montney Shale Liquids, Natural Gas in High Demand
Rising prices and producer demand for delivery service in the gassy Montney Shale of northern Alberta and British Columbia (BC) ignited a “tremendous start” to the year for Pembina Pipeline Corp., management said. The Calgary operator, which reports in Canadian dollars (C$1.00/US 80 cents) said highlights of the first quarter included relaunching construction of the…
May 11, 2022
Calfrac’s Russian Assets on Chopping Block, but ‘Significant Momentum’ Seen in Field Operations
Calfrac Well Services Ltd. put its Russian oil and gas field branch up for sale Tuesday after suspending operations in March after the country invaded Ukraine. The Calgary firm disclosed a book value of $58.8 million and liabilities of $13.9 million for its Russian assets but did not predict a sale price. Calfrac’s Russian operations…
May 10, 2022
Calgary’s Arc Looking to Sell Natural Gas Production to LNG Canada, Cheniere’s Corpus Facility
Calgary-based producer Arc Resources Ltd. said it nearly doubled future liquefied natural gas (LNG) sales during the first quarter by landing a contract to supply an expansion to Cheniere Energy Inc.’s Corpus Christi terminal in South Texas. The deal would expand sales into overseas markets to 290 MMcf/d, management noted. The Cheniere deal would add…
May 10, 2022
Enbridge Preparing to Build Systems from Canada to Gulf Coast for LNG Projects
From British Columbia (BC) to the Gulf of Mexico, accelerating global trade in liquefied natural gas (LNG) has emerged as the growth driver for the Enbridge Inc. pipeline network, CEO Al Monaco said. “It’s clear we are at an inflection point in global energy markets,” Monaco said in delivering 1Q2022 results. “Demand continues to grow,…
May 9, 2022