Canadian Energy Weekly Round-Up: November 23, 2020

Here are the top news stories covering Canada’s energy landscape:

Minister of Natural Resources Unveils Multi-Million Dollar Support for Indigenous Partnerships

Canada’s Minister of Natural Resources Hon. Seamus O’Regan announced up to $12 million in funding through the next two years for a program to help support Indigenous communities that rely on and contribute to the success of Canada’s oil ...

Source: Energy In Depth

Ranking the Rock

One tool Enverus uses to evaluate and analyze different regions of a play is generating distinct geographical regions. Enverus uses a 2D map clustering algorithm to create geologically similar regions that are ranked based on rock characteristics. We then look at other factors like well activity, productivity and cost structure to assign breakevens to each […]

The post Ranking the ...

Oil prices extend gains on COVID vaccine hopes

Oil prices extended their gains on Monday as traders were optimistic about a recovery in crude demand thanks to successful coronavirus vaccine trials, but price gains were contained by renewed lockdowns in several countries. Sentiment was also bolstered by hopes that the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group [Read more]

Source: BOE Report