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Oil’s Up for Another Week as Libya Woes Add to U.S. Supply Dive

February 23, 2018 by Jessica Summers (Bloomberg)  Crude rose for a second week as American supplies drain and a key Libya oil field was shut. News of a production halt at Libya’s 70,000 barrel-a-day El-Feel field helped cap a weekly drop of more than 3 percent, after a report Thursday showed storage tanks at the … Read moreOil’s Up for Another Week as Libya Woes Add to U.S. Supply Dive

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Canada Weekly Rig Count Down 12 to 306 for Week Ending February 23, 2018

Drilling Rig 400x270

Canada’s drilling rigs went down by 12 to the current count of 306 actively drilling rigs according to data collected by Baker Hughes for the week of February 23rd. From one week ago, Alberta rig counts decreased by 13 to 209 and the Saskatchewan rig count decreased by 1 to 66. Oil drilling went down … Read moreCanada Weekly Rig Count Down 12 to 306 for Week Ending February 23, 2018

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Raging River Exploration Inc. Announces Preliminary 2017 Results, 2017 Year End Reserves and Operations Update

February 22, 2018 Globe Newswire CALGARY, Alberta, Feb. 21, 2018 (GLOBE NEWSWIRE) — Raging River Exploration Inc. (“Raging River” or the “Company“) (TSX:RRX) is pleased to present the summary results of the independent reserves reports as prepared by Sproule Associates Ltd. (“Sproule”) and GLJ Petroleum Consultants (“GLJ”) as of December 31, 2017 (collectively the “Engineering Report”). … Read moreRaging River Exploration Inc. Announces Preliminary 2017 Results, 2017 Year End Reserves and Operations Update

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Obsidian Energy Ltd. Announces New Chairman of the Board of Directors, 126 Percent Reserve Replacement & Conference Call Details to Discuss its Year-End 2017 Results

February 22, 2018 CNW CALGARY, Feb. 22, 2018 /CNW/ – OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce that Jay W. Thornton has been appointed as Chairman of the Obsidian Energy Board of Directors (the “Board“), effectively immediately. Mr. George Brookman, who has been the Acting Chair since August 8, 2017, will … Read moreObsidian Energy Ltd. Announces New Chairman of the Board of Directors, 126 Percent Reserve Replacement & Conference Call Details to Discuss its Year-End 2017 Results

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U.S. oil rig count rises for fifth straight week

February 23, 2018 Reuters (Reuters) – U.S. energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs. Drillers added one oil rig in the week to Feb. 23, bringing the total count up to 799, the highest level since April 2015, General Electric Co’s … Read moreU.S. oil rig count rises for fifth straight week

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Canada Inflation Stronger Than Expected as Price Pressures Grow

February 23, 2018 by Theophilos Argitis (Bloomberg)  Canadian  inflation came in stronger than expected in January as signs point to price pressures continuing to slowly build. Core consumer prices — which exclude more volatile items like energy and are considered a gauge of inflation pressures — inched higher for a fourth month and are now … Read moreCanada Inflation Stronger Than Expected as Price Pressures Grow

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What Women Really Want on the Job? We Asked Big Oil’s Only Female CEO: Read On

February 23, 2018 by Kevin Crowley (Bloomberg)  Flexible working hours and maternity leave are all well and good, but what women really want is a fair chance to climb the corporate ladder. So says Vicki Hollub, and she would know: In her 35-year career she moved up the ranks at Occidental Petroleum Corp. to become … Read moreWhat Women Really Want on the Job? We Asked Big Oil’s Only Female CEO: Read On

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ENDS NEXT WEEK! Want Your Company on EnergyNow? See These Limited Time SPECIAL OFFERS

LIMITED TIME MARKETING OFFERS (to celebrate the launch of EnergyNow.com in the United States) Market Your Company on EnergyNow.ca (Canada) or .com (United States) F0r The Next 12  Months! Market to a Energy Focused Target Audience Get Brand Recognition for Your Company Generate Leads Publish Content on EnergyNow (announcements, new equipment, brochures, events, videos, case … Read moreENDS NEXT WEEK! Want Your Company on EnergyNow? See These Limited Time SPECIAL OFFERS

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Truce called, wine and maybe oil, flow again in B.C.-Alberta trade war over pipeline

VICTORIA — The Alberta government accepted an olive branch from British Columbia and suspended its ban on the province’s wine Thursday in a dispute over the Trans Mountain pipeline. Alberta Premier Rachel Notley took the step after B.C.’s John Horgan said his government will ask the courts if it has the right to protect its environment by … Read moreTruce called, wine and maybe oil, flow again in B.C.-Alberta trade war over pipeline

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Encana’s Mammoth Permian Well “Cubes” SupersizeFuture for Shale 

February 22, 2018 by Alex Nussbaum (Bloomberg)  In the scrublands of West Texas there’s an oil-drilling operation like few that have come before. Encana Corp.’s RAB Davidson well pad is so mammoth, the explorer speaks of it in military terms, describing its efforts here as an occupation. More than 1 million pounds of drilling rigs, … Read moreEncana’s Mammoth Permian Well “Cubes” SupersizeFuture for Shale 

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Five Things to Know in World Business for February 23rd

February 23, 2018, by Joanna Ossinger (Bloomberg) Mnuchin isn’t worried Treasury Secretary Steven Mnuchin brushed aside signs that investors are nervous about the prospect of rising prices and growing public debt in an interview with Bloomberg. “There are a lot of ways to have the economy grow,” he said Thursday. “You can have wage inflation and not necessarily have … Read moreFive Things to Know in World Business for February 23rd

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U.S. Shale Investors Still Waiting on Payoff from Oil Boom

February 22, 2018, by Ernest Scheider HOUSTON (Reuters) – U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday. Shale producers have raised and spent billions of dollars to produce more oil … Read moreU.S. Shale Investors Still Waiting on Payoff from Oil Boom

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Natural Gas Weekly Update Report – February 22, 2018

Natural Gas Weekly Update Report – February 22, 2018 Two liquefied natural gas storage tanks are removed from service at the Sabine Pass Liquefaction Terminal Cheniere Energy, operator of the Sabine Pass Liquefaction terminal in Louisiana, does not expect the removal of two storage tanks from service to affect the export levels of liquefied natural … Read moreNatural Gas Weekly Update Report – February 22, 2018

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Exclusive: Trump Calls Meeting on Biofuels Policy Blamed by Bankrupt Refiner

February 22, 2018, by Jarrett Renshaw NEW YORK (Reuters) – U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to four sources familiar … Read moreExclusive: Trump Calls Meeting on Biofuels Policy Blamed by Bankrupt Refiner

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Oil from Sunken Iran Tanker Reached Japan Shores: Coast Guard

February 22, 2018, by Osamu Tsukimori TOKYO (Reuters) – Oil that reached islands in southern Japan earlier this month is highly likely to have come from the sunken Iranian tanker Sanchi, the Japan Coast Guard said on Thursday. Samples of oily matter that washed up on Feb. 8 on the shores of the Okinoerabu and … Read moreOil from Sunken Iran Tanker Reached Japan Shores: Coast Guard

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BlackPearl Announces Fourth Quarter and Full Year 2017 Financial and Operating Results

FOR: BLACKPEARL RESOURCES INC.TSX SYMBOL: PXXOMX SYMBOL: PXXSDate issue: February 22, 2018Time in: 5:00 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Feb. 22, 2018) – BlackPearl Resources Inc.
(“we”, “our”, “us”, “BlackPearl” or the “Company”) (TSX:…

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U.S. Oil Boom Tempts Saudis to Consider American Crude Sale

February 22, 2018, by Serene Cheong (Bloomberg) Even Saudi Arabia wants in on the U.S. oil boom. The kingdom’s state oil firm considered the possibility of sending American crude to Asia in February via a U.S. unit before determining it wasn’t economically viable, according to a person with knowledge of the matter. It also asked potential … Read moreU.S. Oil Boom Tempts Saudis to Consider American Crude Sale

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Why the Next Oil Boom Will be Fueled by Blockchain

LONDON, February 22, 2018 /PRNewswire/ Big Oil is due for a disruption. The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. Included … Read moreWhy the Next Oil Boom Will be Fueled by Blockchain

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Gear Energy Ltd. Announces Fourth Quarter 2017 Operating Results

February 21, 2018 CNW CALGARY, Feb. 21, 2018 /CNW/ – Gear Energy Ltd. (“Gear” or the “Company”) (TSX:GXE) is pleased to provide the following fourth quarter operating update to shareholders. Gear’s Interim Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the period ended December 31, 2017 are available for review on Gear’s website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months … Read moreGear Energy Ltd. Announces Fourth Quarter 2017 Operating Results

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Oil largely steady amid forecast of U.S. crude build, stronger dollar

February 21, 2018 Reuters  NEW YORK (Reuters) – Oil prices were little changed on Wednesday ahead of data expected to show rising crude inventories in the United States and as the dollar strengthened from last week’s three-year lows. West Texas Intermediate crude (WTI) futures fell 11 cents, or 0.2 percent, to end at $61.68 a barrel, … Read moreOil largely steady amid forecast of U.S. crude build, stronger dollar

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Five Things to Know in World Business Today

February 22, 2018, by Joanna Ossinger (Bloomberg) Quarles won’t quarrel with this economy Federal Reserve Governor Randal Quarles delivered an upbeat assessment of the U.S. economy and endorsed a “gradual” path for raising interest rates in his first public speech on monetary policy since joining the central bank in October. “The U.S. economy appears to be performing very well … Read moreFive Things to Know in World Business Today

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U.S., Canadian Provinces Launch First Cap-and-Trade Auction to Battle Climate Change

February 21, 2018, by Sebastien Malo NEW YORK (Thomson Reuters Foundation) – The U.S. state of California and two Canadian provinces kicked off a cross-border auction of greenhouse gas emission credits on Wednesday, their first joint effort to buy and sell in the “cap and trade” market to fight global warming, experts said. The auction … Read moreU.S., Canadian Provinces Launch First Cap-and-Trade Auction to Battle Climate Change

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Saturn Oil & Gas Inc. Announces IP60 Results and Operational Update

February 21, 2018 Globe Newswire SASKATOON, Saskatchewan, Feb. 21, 2018 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to provide an update on the two initial Viking horizontal wells drilled in December 2017. Additionally, the Company is pleased to provide an update on its drill program and land … Read moreSaturn Oil & Gas Inc. Announces IP60 Results and Operational Update

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Manitok Energy Inc. Provides Update on Restructuring and Appointment of Receiver

February 21, 20189:00 AM CNW CALGARY, Feb. 21, 2018 /CNW/ – Manitok Energy Inc. (“Manitok” or the “Corporation“) announces that today that the Court of Queen’s Bench of Alberta (the “Court“) made orders (a) appointing Alvarez & Marsal Canada  Inc. as receiver and manager of the assets, undertakings and properties of the Corporation and its wholly owned subsidiary Raimount Energy … Read moreManitok Energy Inc. Provides Update on Restructuring and Appointment of Receiver

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Final Version of Trans-Pacific Trade Deal Released, Rules Pushed by U.S. on Ice

February 20, 2018, by Charlotte Greenfield and Colin Packham WELLINGTON/SYDNEY (Reuters) – The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific’s fastest-growing economies was released on Wednesday, signaling the pact was a step closer to reality even without its star member the United States. More than 20 … Read moreFinal Version of Trans-Pacific Trade Deal Released, Rules Pushed by U.S. on Ice

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Relentless Resources Announces Recapitalization Financing, Addition of a New Board Member and Pursuit of Acquisition Opportunities in the Cannabis Industry

February 21, 2018 CNW TSX-Venture Exchange: RRL – CALGARY, Feb. 21, 2018 /CNW/ – Relentless Resources Ltd. (“Relentless” or the “Company“) is pleased to announce: (i) a non-brokered private placement of up to an aggregate of $7.5million (the “Private Placement“); (ii) the appointment of Mr. Stanley J. Swiatek to the board of directors in connection with the completion of the Private Placement; and (iii) subject … Read moreRelentless Resources Announces Recapitalization Financing, Addition of a New Board Member and Pursuit of Acquisition Opportunities in the Cannabis Industry

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Pengrowth Announces the Planned Retirement of Current CEO Derek Evans and the Pending Appointment of Peter Sametz as President and CEO

February 20, 2018 | Source: Pengrowth Energy Corporation CALGARY, Alberta, Feb. 20, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced the appointment of Mr. Peter D. (“Pete”) Sametz as President and Chief Executive Officer and member of the Board of Directors effective March 15th, 2018. Peter replaces Derek Evans who will be retiring as … Read morePengrowth Announces the Planned Retirement of Current CEO Derek Evans and the Pending Appointment of Peter Sametz as President and CEO

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Spartan Energy Corp. Reports 2017 Year End Reserves and Provides Operational Update

February 21, 2018 Globe Newswire CALGARY, Alberta, Feb. 21, 2018 (GLOBE NEWSWIRE) — Spartan Energy Corp. (“Spartan” or the “Company”) (TSX:SPE) is pleased to provide a summary of our 2017 year-end reserves and a 2017 operational update. Reserve numbers presented herein were derived from an independent reserves report (the “Sproule Report”) prepared by Sproule Associates Ltd. … Read moreSpartan Energy Corp. Reports 2017 Year End Reserves and Provides Operational Update

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CN Rail’s Traffic Jam Dulls Shine of ‘Gold Standard’ Efficiency

February 21, 2018 by Frederic Tomesco (Bloomberg)  Canadian National Railway Co., the longtime paragon of efficiency for North American railroads, is losing some of its luster as it struggles to catch up with a surprise surge in demand. A jump in volumes is causing persistent network congestion, prompting a public rebuke last week from customer … Read moreCN Rail’s Traffic Jam Dulls Shine of ‘Gold Standard’ Efficiency

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Oil Drops as U.S. Stockpiles Forecast to Rise a Fourth Week

February 21, 2018, by Rakteem Katakey and Heesu Lee (Bloomberg) Oil dropped as U.S. stockpiles were forecast to have expanded for a fourth week, raising questions about OPEC’s success in draining a global oversupply. Crude in New York lost as much as 1.4 percent. Inventories in America rose by 3 million barrels last week, according … Read moreOil Drops as U.S. Stockpiles Forecast to Rise a Fourth Week

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Five Things to Know in World Business Today

February 21, 2018, by Tracy Alloway (Bloomberg) No Mr. Bond, I expect you to dieT he benchmark 10-year Treasury yield continues to flirt with the 3 percent mark, which may or may not be a line in the sand for investors. Debt prices fell after yesterday’s auction saw the Treasury sell $179 billion of fresh debt at yields not seen … Read moreFive Things to Know in World Business Today

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Investors Bail on Landlocked Canada Oil as Pipeline Woes Deepen

February 21, 2018, by Allison McNeely and Kevin Orland (Bloomberg) Canada’s energy companies can’t get any love, even from many Canadians. With pipeline, regulatory and political frustrations reaching new heights, the nation’s energy stocks slumped to their lowest level in almost two years this month. The iShares S&P/TSX Capped Energy Index ETF, which tracks Canadian … Read moreInvestors Bail on Landlocked Canada Oil as Pipeline Woes Deepen

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Crude Rises to Two-Week High as World Tugs on U.S. Oil Supplies

February 20, 2018 by Meenal Vamburkar and Milana Vinn (Bloomberg) Crude in New York rose to a two-week high amid signs of expanding worldwide demand for the growing abundance of U.S. oil. The U.S. benchmark settled 0.4 percent higher on Tuesday in New York. American crude exports have increased in four of the past five weeks, … Read moreCrude Rises to Two-Week High as World Tugs on U.S. Oil Supplies

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Oil markets mixed on lower Canadian flows, firmer dollar

Oil-Prices

February 19, 2018 Reuters  Oil markets were split on Tuesday, with U.S. crude was pushed up by reduced flows from Canada while international Brent prices eased. U.S. West Texas Intermediate (WTI) crude futures were at $62.16 a barrel at 0153 GMT, up 48 cents, or 0.8 percent, from their last settlement. Traders said the higher WTI … Read moreOil markets mixed on lower Canadian flows, firmer dollar

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OPEC, Russia Said to See Oil Glut Dissipating at a Faster Rate

February 20, 2018 by Grant Smith, Wael Mahdi and Angelina Rascouet (Bloomberg)  The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated, say people familiar with the matter. After about four years of surplus, the global market will finally rebalance in the … Read moreOPEC, Russia Said to See Oil Glut Dissipating at a Faster Rate

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With OPEC’s Production Cuts Working, Saudia Arabia Wants to Go Further

February 20, 2018 by Grant Smith (Bloomberg)  For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting. Thanks to OPEC-led production cuts, crude prices are double their level two years ago and bloated … Read moreWith OPEC’s Production Cuts Working, Saudia Arabia Wants to Go Further

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Five Things to Know in World Business Today

February 20, 2018, by Tracy Alloway (Bloomberg) Parsing markets As the dust settles on the selloff that roiled markets two weeks ago, analysts and investors are thinking about what comes next. Morgan Stanley reckons the slide in stocks was just a taste of the future. A former Tudor Investment Corp. trader who’s been betting on ructions in fixed income thinks … Read moreFive Things to Know in World Business Today

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NXT Announces $10 Million Private Placement Offering and Closing on Initial Tranche of Over $4 Million  

February 20, 2018  | Source: NXT Energy Solutions Inc. CALGARY, Alberta, Feb. 20, 2018 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (TSX:SFD) (OTCQB:NSFDF) (“NXT” or the “Corporation”) is pleased to announce it has entered into an agreement to complete a three-tranche private placement (the “Private Placement”) under which Alberta Green Ventures Limited Partnership (the “Subscriber”) has committed to … Read moreNXT Announces $10 Million Private Placement Offering and Closing on Initial Tranche of Over $4 Million  

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Trinidad Drilling Ltd. Initiates Strategic Review Process

February 20, 2018 | Source: Trinidad Drilling Ltd NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, Feb. 20, 2018 (GLOBE NEWSWIRE) — Trinidad Drilling Ltd. (TSX:TDG) (“Trinidad” or “the Company”) today announced that Trinidad’s Board of Directors (the “Board”) has commenced a formal process to initiate a strategic … Read moreTrinidad Drilling Ltd. Initiates Strategic Review Process

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Canada Weekly Rig Count Down 7 to 318 for Week Ending February 16, 2018

Drilling Rig 400x270

Canada’s drilling rigs went down by 7 to the current count of 318 actively drilling rigs according to data collected by Baker Hughes for the week of February 16th. From one week ago, Alberta rig counts decreased by 6 to 222 and the Saskatchewan rig count increased by 1 to 67. Oil drilling went down … Read moreCanada Weekly Rig Count Down 7 to 318 for Week Ending February 16, 2018

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Oil Trades Near $62 as Shale Fears Counter OPEC Supply Curbs

February 18, 2018 by Heesu Lee (Bloomberg) Oil traded near $62 a barrel on concerns an increase in American drilling may undermine OPEC’s efforts to drain a global glut. Futures were little changed in New York after rising 4.2 percent last week as equity markets rebounded and a weakening dollar boosted demand for commodities. U.S. … Read moreOil Trades Near $62 as Shale Fears Counter OPEC Supply Curbs

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Alberta’s Notley wants action on B.C. pipeline impasse this week

EDMONTON — Alberta Premier Rachel Notley says she wants progress soon in the impasse between her province and British Columbia over the Trans Mountain pipeline or she will ratchet up the pressure. “We’d like to see some evidence of progress next week or you will hear more from us about other strategies that might be going forward,” Notley said Friday. … Read moreAlberta’s Notley wants action on B.C. pipeline impasse this week

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Frame Your Debriefs This Way to Create Growth for Salespeople – Sandler Training

Sandler-Training

    Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary     One of the most effective ways to grow your salespeople is through debrief; however, how you frame your debrief will either keep your salesperson in their comfort zone or prompt them into the growth zone. Humans are wired … Read moreFrame Your Debriefs This Way to Create Growth for Salespeople – Sandler Training

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Canadian oil rail loading terminals needed more than ever

Feb 12th, 2018 Dan King – EnegyNow.com Most Canadian crude by rail gets shipped to the U.S. Gulf Coast The Western Canadian Sedimentary Basin (WCSB) has approximately 1.2 million barrels per day (MMb/d) of crude rail loading capacity. Crude oil shipped from the WCSB can access refineries across North America through several large rail networks, … Read moreCanadian oil rail loading terminals needed more than ever

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Piping & Instrumentation Diagrams and Engineering Drawings Interpretation – ACM Facility Safety

ACM_Logo_feature

March 5-6, 2018 Calgary, AB Learning to interpret information on Piping and Instrumentation Drawings (P&ID) will set you apart from your peers, whether you are an Operator, EIT, Engineer, or Manager In this fundamental course you will learn: ✔ How to interpret P&IDs ✔ How to understand the process flow ✔ The ability to redline … Read morePiping & Instrumentation Diagrams and Engineering Drawings Interpretation – ACM Facility Safety

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Phoenix Spring Courses – Introduction to Canadian Natural Gas & Crude Oil Marketing Courses Open For Registration

Phoenix Energy Marketing Consultants Feature

Phoenix courses are instructed by a number of expert speakers with decades of experience in the Canadian energy industry. Attendees of this course will receive a course manual with all presentation notes, an additional digital PDF copy of the notes on a Phoenix USB stick, and a Certificate of Completion for the course. Location: Calgary, … Read morePhoenix Spring Courses – Introduction to Canadian Natural Gas & Crude Oil Marketing Courses Open For Registration

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Case Study: PRECIDIUM™ ECS™ Secondary Containment Liner for a Crude Oil Tank – Western Engineered Containment

Western Engineered Containment WEC Logo Feature

PROJECT Pembina Taylor Facility Vicinity of Fort St. John, B.C. Companies Involved Pembina, Solaris MCI, Western Engineered Containment Ltd. (WEC) PRECIDIUM™ ECS™ and PRECIDIUM™ Fusion are exclusively manufactured by Quantum Chemical for Western Engineered Containment. OVERVIEW This was a 60,000 sq. ft. secondary containment liner for a crude oil tank. The PRECIDIUM™ ECS™ Secondary Containment System … Read moreCase Study: PRECIDIUM™ ECS™ Secondary Containment Liner for a Crude Oil Tank – Western Engineered Containment

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What you need to know about Pressure Gauge Calibration! – Cameron Instruments

Cameron Instruments Feature

To start off our discussion of calibration and its importance we should first start with a clear definition.  Calibration is a comparison between measurements – one of known magnitude or correctness made or set with one device and another measurement made in as similar a way as possible and with a second device.  The device … Read moreWhat you need to know about Pressure Gauge Calibration! – Cameron Instruments

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3 Days Left to Submit Your Abstract for The 2018 Global Petroleum Show Conference

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Global Petroleum Show (GPS) is the most important energy event in North America attracting thousands of global thought leaders and influencers from countries around the world this year GPS celebrates its 50th anniversary. Over the past 50 years, learnings, new advancements, and technologies have been driving the evolution of the industry and in 2018, GPS … Read more3 Days Left to Submit Your Abstract for The 2018 Global Petroleum Show Conference

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As Oil Stocks Drain, OPEC Searches for Its Next Fig Leaf: Gadfly

February 18 by Julian Lee (Bloomberg Gadfly)  There is no doubt that the output cuts made by OPEC and its friends, aided by a collapse in production from group member and historic quota cheat Venezuela, have drained a lot of excess oil out of the supply chain. Tankers floating full of crude off the coasts … Read moreAs Oil Stocks Drain, OPEC Searches for Its Next Fig Leaf: Gadfly

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Oilsands tech touted for pipeline capacity boost still years from deployment

CALGARY — Two years after a blue-ribbon panel called on the Alberta government to encourage partial upgrading of bitumen from the oilsands to enhance value and free up more pipeline room for exports, the idea remains years away from commercialization….

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Canada Remains Competitive Despite U.S. Tax Cuts, Morneau Says

Feb 16, 2018 by Josh Wingrove (Bloomberg)  Finance Minister Bill Morneau said Canada’s tax rates remain competitive, even as a key business group recommends his government follow U.S. cuts. Morneau met Friday with private-sector economists in Toronto ahead of his Feb. 27 budget. He said they discussed the impact of U.S. tax changes, as well … Read moreCanada Remains Competitive Despite U.S. Tax Cuts, Morneau Says

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Oil Posts a Weekly Rise as Stocks Recover, Dollar Flounders

February 16, 2018 by Meenal Vamburkar and Milana Vinn (Bloomberg)  Oil posted its first weekly increase since last month as rebounding equity markets eased concern about economic growth and a weakening dollar boosted the allure of commodities priced in the U.S. currency. Futures in New York rose 0.6 percent on Friday and gained 4.2 percent … Read moreOil Posts a Weekly Rise as Stocks Recover, Dollar Flounders

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Five Things to Know in World Business Today

February 16, 2018, by Lorcan Roche Kelly (Bloomberg) Still gaining The strengthening recovery across U.S. equities — the S&P 500 Index capped its best five-day run since 2011 yesterday — continues to set the tone for global benchmarks. Overnight, the MSCI Asia Pacific Index rose 0.7 percent in a fairly quiet session as the Chinese New Year holiday began, while … Read moreFive Things to Know in World Business Today

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Keyera Corp. Announces Year End 2017 Results

February 15, 2018 CNW CALGARY, Feb. 15, 2018 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced its 2017 year end results today, the highlights of which are included in this news release. The entire press release can be viewed by visiting Keyera’s website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera’s website or the System … Read moreKeyera Corp. Announces Year End 2017 Results

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Oil near one-week high on weak dollar, stocks rally

February 16, 2018 Reuters LONDON/TOKYO, Feb 16 (Reuters) – Oil prices gained on Friday as the dollar slipped to a three-year low and global stocks headed for their biggest weekly gain in six years. U.S. West Texas Intermediate crude for March delivery was up 6 cents at $61.40 a barrel by 1110 GMT, after touching a … Read moreOil near one-week high on weak dollar, stocks rally

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Razor Energy Corp. Announces Significant Increases in 2017 Year-End Reserves and Net Asset Value

February 16, 2018 Globe Newswire CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV:RZE) is pleased to provide a summary of its 2017 year-end reserves evaluation. The highlights and reserves summary below sets forth Razor’s gross reserves as at December 31, 2017, as evaluated by Sproule Associates Limited (“Sproule”) … Read moreRazor Energy Corp. Announces Significant Increases in 2017 Year-End Reserves and Net Asset Value

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Abandoned Wells: Why we are Fighting: AER President and CEO Jim Ellis

Pumpjacks Pumping Oil

February 15, 2018 Globe Newswire CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) — It’s a disturbing picture: oil and gas companies incentivized to walk away from thousands of wells, leaving behind the mess; receivers of bankrupt companies selling off the good assets and casting aside the bad ones; Albertans and Canadians being forced to bear the … Read moreAbandoned Wells: Why we are Fighting: AER President and CEO Jim Ellis

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OPEC Considers Moving the Goalposts – Here’s Where They Might Go

February 16, 2018 by Grant Smith (Bloomberg)  After a year of production cuts, OPEC and Russia are finally near their goal of shrinking the world’s swollen oil inventories. So why are they planning to change their target? The answer lies somewhere between the murky and incomplete nature of oil data and the competing interests within … Read moreOPEC Considers Moving the Goalposts – Here’s Where They Might Go

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Progress poised to execute growth plans in North Montney with sale of Alberta assets 

Progress Energy Canada Ltd. (CNW Group/Progress Energy Canada Ltd.) CALGARY, Feb. 15, 2018 /CNW/ – Progress Energy Canada Ltd (Progress) has successfully divested its oil and natural gas assets in Alberta’s Deep Basin. The company’s success in developing those assets played a large part in generating considerable interest from domestic and international parties during the marketing process led by … Read moreProgress poised to execute growth plans in North Montney with sale of Alberta assets 

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Inter Pipeline Reports Record 2017 Financial Results

February 15, 2018  | Source: Inter Pipeline Ltd. CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) — Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today financial and operating results for the three and twelve month periods ended December 31, 2017. 2017 Highlights Generated record funds from operations (FFO) of $991 million, a 17 percent increase over 2016 Net … Read moreInter Pipeline Reports Record 2017 Financial Results

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Cenovus CEO Sees More Deep Basin Asset Sales, But No Full Exit

February 15, 2018 by Kevin Orland (Bloomberg) Cenovus Energy Inc. Chief Executive Officer Alex Pourbaix said the oil-sands producer will consider selling more of its holdings in Alberta’s Deep Basin — but not exiting the play entirely — to speed up efforts to repair its balance sheet. Pourbaix, who took the reins in November, has … Read moreCenovus CEO Sees More Deep Basin Asset Sales, But No Full Exit

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READ the Open Letter to B.C. Premier John Horgan from 5 B.C. Business Organizations: “Put Shovels in the Ground”

A group of business organizations in B.C. have come together to send a message to Premier John Horgan that additional delays to the Trans Mountain expansion project “is clearly not in the best interests of British Columbia or Canada.” The open letter below was sent to Horgan by five key B.C. business organizations: the  Canadian … Read moreREAD the Open Letter to B.C. Premier John Horgan from 5 B.C. Business Organizations: “Put Shovels in the Ground”

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Precision Drilling Corporation Announces 2017 Fourth Quarter and Year-End Unaudited Financial Results

CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) — (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws.  For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” … Read morePrecision Drilling Corporation Announces 2017 Fourth Quarter and Year-End Unaudited Financial Results

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Encana delivers strong fourth quarter and 2017 results; company announces $400 million share repurchase program

Share1 February 15, 2018 06:00 ET | Source: Encana Corporation CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) — (TSX:ECA) (NYSE:ECA) Encana delivered outstanding financial and operating results in the fourth quarter to close a year of strong, consistent performance. The company met or exceeded its 2017 guidance targets, generated net earnings of $827 million, cash from operating activities of … Read moreEncana delivers strong fourth quarter and 2017 results; company announces $400 million share repurchase program

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Cenovus reports solid 2017 results

CALGARY, Alberta, Feb. 15, 2018 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) delivered strong cash from operating activities and adjusted funds flow in 2017. Through its continued focus on capital discipline and reliable operational performance, the company generated almost $1.3 billion in free funds flow last year. Cenovus also completed the divestitures of its … Read moreCenovus reports solid 2017 results

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Employee Appreciation: How to Retain Your Best Talent – Wendy Ferguson

A Commentary by Wendy Ferguson – BHRLR, CPHR It’s bonus season and while companies prepare to dole out the cash, some HR departments are bracing themselves for a mass exodus.  It is not unusual to see a spike in attrition after the big spend.  Yes…salary, bonuses and benefits are critical, and let’s face it… generally, … Read moreEmployee Appreciation: How to Retain Your Best Talent – Wendy Ferguson

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Oil’s Critics Live In An Alternate Universe – David Yager

David-Yager-Feature Image

By David Yager Oilfield Services Executive Advisory – Energy Policy Analyst February 15, 2018 The prosperity, progress and prospects of the upstream oil and gas industry is inversely proportional to how often this business is in the news. Comparing what we read with what we do, it is clear our critics live in an alternative … Read moreOil’s Critics Live In An Alternate Universe – David Yager

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Oil Trades Near One-Week High as Stockpile Gains Slow Down

Oil-Prices

February 15, 2018, by Grant Smith (Bloomberg) Oil in New York traded near a one-week high as improving sentiment in equities spilled over into crude and American stockpiles increased slower than forecast. Futures slipped 0.2 percent after gaining 2.4 percent on Wednesday. Global equities recovered from the recent risk-asset rout, while a weaker dollar burnished the … Read moreOil Trades Near One-Week High as Stockpile Gains Slow Down

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Hail Shale, but Deepwater Oil Fights Back

February 14, 2018, by Ron Bousso LONDON (Reuters) – Penguins, Royal Dutch Shell’s (RDSa.L) latest oil and gas development in a remote corner of the British North Sea, epitomizes the new doctrine for deepwater projects — keep it cheap and simple. hunned during the oil price crash of 2014-2016, deepwater projects are being embraced again, … Read moreHail Shale, but Deepwater Oil Fights Back

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Five Things to Know in World Business Today

February 15, 2018, by Lorcan Roche Kelly (Bloomberg) Stocks rise The recovery in the S&P 500 Index, which closed higher for a fourth day of gains yesterday, continues to set the tone for global stocks. Overnight, the MSCI Asia Pacific Index rose 1.5 percent in a broad rally, while Japan’s Topix index ended the session 1 percent higher … Read moreFive Things to Know in World Business Today

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Commentary: OPEC Pact Likely to Evolve Rather than Terminate: Kemp

February 14, 2018, by John Kemp LONDON (Reuters) – “The lexicon of exit is not found in our vocabulary”, OPEC Secretary-General Mohammad Barkindo told reporters on the sidelines of a conference in Cairo on Monday. Ministers from the Organization of the Petroleum Exporting Countries have been anxious to counter speculation about an early end to … Read moreCommentary: OPEC Pact Likely to Evolve Rather than Terminate: Kemp

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Rail Crunch Leaves Oil, Wheat Stranded Out on Canada’s Prairies

February 15, 2018, by Jen Skerritt and Robert Tuttle A shortage of rail cars in Canada is leaving grain and oil shipments stranded on the Prairies, sending crude prices plummeting and leaving farmers in a cash crunch. The nation’s biggest railways haven’t been able to deliver enough cars after harsh winter conditions and as a sudden … Read moreRail Crunch Leaves Oil, Wheat Stranded Out on Canada’s Prairies

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Encana Profit Beats Estimates on Higher Production, Oil Prices

Encana Logo

February 15, 2018 (Reuters) – Canadian oil and gas producer Encana Corp (ECA.TO) (ECA.N) posted better-than-expected adjusted profit for the fourth quarter, helped by an increase in production and higher selling prices for oil. The company is in the middle of a five-year plan to boost its output growth rate by focusing on four core … Read moreEncana Profit Beats Estimates on Higher Production, Oil Prices

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Do your people have an understanding of I&C fundamentals? – ACM Facility Training

ACM_Logo_feature

Question: Why would you need a 2 day I&C (Instrumentation and Controls) technology course? Answer: 65% of risk reduction comes from I&C (Recent Risk Intelligence studies prove this). I&C is the largest and fastest growing form of risk mitigation in the world, and can get complex. I&C is the least regulated and least understood risk … Read moreDo your people have an understanding of I&C fundamentals? – ACM Facility Training

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Yangarra Announces 2017 Year End Corporate Reserves Information

CALGARY, Feb. 13, 2018 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX:YGR) releases the results of 2017 year end oil and gas reserves evaluation. Reserve Report Highlights: The independent reserves report prepared by Deloitte LLP is effective as of December 31, 2017 (“2017 Reserve Report”).  All reserves information contained in this press release is based on the 2017 Reserve Report. … Read moreYangarra Announces 2017 Year End Corporate Reserves Information

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TerraVest Announces First Quarter Results for Fiscal 2018

VEGREVILLE, AB, Feb. 14, 2018 /CNW/ – TerraVest Capital Inc. (TSX: TVK) (“TerraVest” or the “Company”) announces its results for the first quarter ended December 31, 2017. The Company’s financial results for the first quarter of fiscal 2018 represent an improvement over the first quarter of fiscal 2017 and were generally in line with management’s expectations. FIRST QUARTER REVIEW … Read moreTerraVest Announces First Quarter Results for Fiscal 2018

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Surge Energy Inc. Announces 2017 Year End Reserves; Over 10 Percent Increase in Net Asset Value to $6.06 Per Share; 9 Percent Increase in Reserves Per Share; Reinstitution of Share Buy Back

February 14, 2018 CNW CALGARY, Feb. 13, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) announced the results of its independent reserves evaluation (the “Sproule Report”) effective December 31, 2017, as prepared by Sproule Associates Limited (“Sproule”). Surge is pleased to announce an increase in the Company’s year-end 2017 net asset value (“NAV”) of more than 10 … Read moreSurge Energy Inc. Announces 2017 Year End Reserves; Over 10 Percent Increase in Net Asset Value to $6.06 Per Share; 9 Percent Increase in Reserves Per Share; Reinstitution of Share Buy Back

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Dear John: Alberta launches petition to B.C.’s Premier Horgan in pipeline fight

February 14, 2018 The Canadian Press EDMONTON – Alberta is ratcheting up the public relations fight over the Trans Mountain oil pipeline by launching a website and online petition. Premier Rachel Notley is asking Albertans to sign the petition, which will be sent to her B.C. counterpart, John Horgan. Notley and Horgan have locked horns over … Read moreDear John: Alberta launches petition to B.C.’s Premier Horgan in pipeline fight

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Oil Near 7-Week Low on Signs U.S. Stockpiles Rose a Third Week

Oil-Prices

February 14, 2018  by Sharon Cho and Grant Smith (Bloomberg)  Oil traded near its lowest closing level in seven weeks in New York as signs of rising U.S. crude stockpiles fanned concern of a new surge in shale-oil production. U.S. crude futures dropped 0.7 percent after settling on Tuesday at the lowest since Dec. 22. … Read moreOil Near 7-Week Low on Signs U.S. Stockpiles Rose a Third Week

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Canada to Face U.S. Trade Problems even if NAFTA is Signed – Ottawa

OTTAWA, February 13, 2018 (Reuters) – Trade challenges from U.S. firms will continue to cause turbulence for Canada even if talks to modernize NAFTA are successful, a senior Canadian government official said on Tuesday. Canada sends 75 percent of its goods exports to the United States and is vulnerable to what Ottawa complains is increasing … Read moreCanada to Face U.S. Trade Problems even if NAFTA is Signed – Ottawa

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Five Things to Know in World Business Today

February 14, 2018, by Tracy Alloway (Bloomberg) Markets are up U.S. stock futures are higher and European equities are gaining after a mixed session in Asia. But there are a couple things that could knock risk appetite this Wednesday. It could be a huge day for the VIX as options are set to expire (the Cboe Volatility Index … Read moreFive Things to Know in World Business Today

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Cash-strapped Newfoundland and Labrador wants talks on 2005 Atlantic Accord

ST. JOHN’S, N.L. — Newfoundland and Labrador’s premier wants to meet with Justin Trudeau to discuss how much the province has earned from offshore oil developments.
Dwight Ball says he has written to the prime minister asking for talks on the 2005 Atl…

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NuVista Energy Ltd. Announces Significant Quarterly Funds From Operations and Year End 2017 Reserves Growth

February 13, 2018 Globe Newswire CALGARY, Alberta, Feb. 12, 2018 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce certain unaudited financial and operating results for the three months and year ended December 31, 2017;  in addition to our year end independent reserve evaluation.  The fourth quarter of 2017 was … Read moreNuVista Energy Ltd. Announces Significant Quarterly Funds From Operations and Year End 2017 Reserves Growth

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Pine Cliff Energy Ltd. Announces 2018 Guidance, Commodity Risk Management and 2017 Year-End Reserves

 February 12, 2018 | Source: Pine Cliff Energy Ltd CALGARY, Alberta, Feb. 12, 2018 (GLOBE NEWSWIRE) — Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX:PNE) is pleased to announce 2018 guidance, an update on its commodity risk management and 2017 year-end reserves. 2018 Guidance Pine Cliff’s Board of Directors has approved a 2018 capital budget … Read morePine Cliff Energy Ltd. Announces 2018 Guidance, Commodity Risk Management and 2017 Year-End Reserves

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Blackbird Energy Inc. Announces Test Results From Its 2-20-70-6W6 Middle Montney Delineation Well at Its Pipestone/Elmworth Montney Play

CALGARY, Alberta, Feb. 13, 2018 (GLOBE NEWSWIRE) — (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce test results from its 2-20-70-6W6 Middle Montney Delineation well, which is located on the Company’s Eastern Multi-Interval Delineation Block (the “Eastern Block”), and is more than five kilometers east of Blackbird’s previous operated development drilling. … Read moreBlackbird Energy Inc. Announces Test Results From Its 2-20-70-6W6 Middle Montney Delineation Well at Its Pipestone/Elmworth Montney Play

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Five Things to Know in World Business Today

February 13, 2018, by Tracy Alloway (Bloomberg) Markets still seeking stability U.S. stocks may struggle to hold onto yesterday’s momentum, which saw the S&P 500 Index spend the entire session in positive territory for the first time since its last all-time closing high on Jan. 26. S&P 500 futures are declining and European stocks are fluctuating following a … Read moreFive Things to Know in World Business Today

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OPEC’s Barkindo Says has Putin’s Word Russia won’t Flood Oil Market: CNBC

February 13, 2018, by Dmitry Zhdannikov LONDON (Reuters) – OPEC Secretary-General Mohammad Barkindo told CNBC on Tuesday he has President Vladimir Putin’s word that Russia will not flood the oil markets. ** Barkindo told CNBC: “I have had and received assurances both from (Energy Minister) Alexander Novak and President Putin that they would remain committed to … Read moreOPEC’s Barkindo Says has Putin’s Word Russia won’t Flood Oil Market: CNBC

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Oil Steady Near $59 as IEA Says Shale May Derail OPEC Cuts

February 13, 2018 by Tsuyoshi Inajima and Grant Smith (Bloomberg)  Oil steadied near $59 a barrel in New York as the International Energy Agency warned that rising U.S. supply may counter OPEC’s success in clearing a glut. Production cuts by the Organization of Petroleum Exporting Countries and Russia have shrunk a surplus in oil inventories … Read moreOil Steady Near $59 as IEA Says Shale May Derail OPEC Cuts

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Corridor Announces Higher 2017/18 Guidance and Reports Year End Reserves and Contingent Resources

FOR: CORRIDOR RESOURCES INC.TSX SYMBOL: CDHDate issue: February 13, 2018Time in: 8:00 AM eAttention:
HALIFAX, NOVA SCOTIA–(Marketwired – Feb. 13, 2018) – Corridor Resources Inc.
(TSX:CDH) (“Corridor” or the “Company”) is pleased to announce an update…

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Blockchain – Facing Up to the Risks for Oil and Gas – Geoffrey Cann

Blockchain looks like it will have lots of potential in oil and gas but what risks and barriers need to be surmounted to move from hype to reality? This article is a collaboration with my good friend and colleague Arthur Kramer, a specialist in oil and gas risk management. We recently spent a week meeting with some of Europe’s leading oil and gas companies on blockchain applications in the industry. What can possibly go wrong? Oil … Read moreBlockchain – Facing Up to the Risks for Oil and Gas – Geoffrey Cann

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Suncor Energy acquires additional interest in Syncrude and interest in Norway’s Fenja field

CALGARY, Alberta, Feb. 12, 2018 (GLOBE NEWSWIRE) — Suncor today announced it has reached an agreement to acquire Mocal Energy’s 5% interest in the Syncrude joint venture for US$730 million, or approximately Cdn$920 million, subject to closing adjustments. The transaction will be effective as of Jan.1, 2018 and is anticipated to close in the first quarter of … Read moreSuncor Energy acquires additional interest in Syncrude and interest in Norway’s Fenja field

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Evolution Releases New Drilling Optimization Feature

Evolution-Horizontal-Feature

Press Release February 6, 2017 – Houston, Texas and Calgary, Alberta Evolution Engineering Inc. (“Evolution” or “the Company”) today announced the release of electromagnetic (EM) downlink capabilities for its flagship product EvoOne™, the first Unified Telemetry™ measurement while drilling (MWD) system. EM Downlink joins an already extensive feature set for this best-in-class MWD system which … Read moreEvolution Releases New Drilling Optimization Feature

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Canada will do what it must to prevent B.C. from stopping pipeline, says Carr

OTTAWA — Natural Resources Minister Jim Carr says the government will not entertain any attempts by British Columbia to stall or stop the expansion of the Trans Mountain pipeline.
“If that is the goal of any province, we will take the necessary action…

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Advantage Announces 2017 Year-End Reserves & Operations Update

Low Cost Reserve Additions and Record 2017 Production & Operating Performance (TSX: AAV, NYSE: AAV) CALGARY, Feb. 12, 2018 /PRNewswire/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to report that the Corporation’s 2017 Montney development program replaced 433% of annual production, generated low cost reserve additions in each reserve category and extended … Read moreAdvantage Announces 2017 Year-End Reserves & Operations Update

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COURSE: RPS-PEICE- Introduction to the Downstream Industry

RPS_PEICE_400x270

Seats are still available to register for the 2 day Introduction to the Downstream Industry February 26-27. This two-day course has been designed for downstream (refining, transportation, and marketing) sector employees, suppliers, government regulators, industrial petroleum buyers, or others interested in gaining a broad understanding of the refining, supply, and marketing of petroleum products. The … Read moreCOURSE: RPS-PEICE- Introduction to the Downstream Industry

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Zargon Oil & Gas Ltd. Announces Q4 2017 Production Volumes and 2017 Year End Reserves

February 12, 2018 | Source: Zargon Oil & Gas Ltd.  CALGARY, Alberta, Feb. 12, 2018 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (the “Company” or “Zargon”) (TSX:ZAR) (TSX:ZAR.DB.A) announces fourth quarter 2017 production volumes and announces 2017 year end reserves. Zargon intends to release its 2017 audited financial results on March 15, 2018, after market close. … Read moreZargon Oil & Gas Ltd. Announces Q4 2017 Production Volumes and 2017 Year End Reserves

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Oil’s Bounce From Worst Week in Two Years Capped by Shale Fears

Oil-Prices

February 12, 2018 by Grant Smith (Bloomberg)  While  oil is rebounding from its biggest weekly decline in two years, a surge in U.S. shale still looms over the market. Futures in New York were up 1.8 percent after tumbling 9.6 percent last week, advancing in tandem with a rebound in global equities. OPEC boosted estimates … Read moreOil’s Bounce From Worst Week in Two Years Capped by Shale Fears

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OPEC President Says Shale Surge Won’t Thwart Plan to Clear Glut

February 12, 2018, by Mahmoud Habboush (Bloomberg) Surging output of U.S. shale oil won’t be a “huge distorter” of efforts by global crude producers to clear a glut, according to OPEC’s president. The market should re-balance this year, given robust demand and producers’ compliance with their pledges to curtail supply, United Arab Emirates Energy Minister … Read moreOPEC President Says Shale Surge Won’t Thwart Plan to Clear Glut

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Five Things to Know in World Business Today

February 12, 2018, by Lorcan Roche Kelly (Bloomberg) Reprieve Equities are rising today, giving investors a break from the volatility-driven selloff that rocked global markets last week. Overnight, the MSCI Asia Pacific ex-Japan Index gained 0.7 percent, with most of the region’s gauges advancing with the notable exception of Australia as a government inquiry into banks weighs on … Read moreFive Things to Know in World Business Today

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Now What? Ottawa’s new rules only create more uncertainty among investors: Report

February 11, 2018 CNW MONTREAL/CNW Telbec/ – The new review process for industrial projects unveiled by Ottawarisks hurting the Canadian economy’s competitiveness even more by creating greater uncertainty among investors, points out the MEI, adding that the energy sector is already going through a difficult period. The abandonment of the Energy East project and the recent complications … Read moreNow What? Ottawa’s new rules only create more uncertainty among investors: Report

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6 Ways Sales Leaders Increase Their Salespeople’s Credibility in Front of a Prospect – Sandler Training

Sandler-Training

    Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary     Successful salespeople differentiate on how they sell not what they sell; however, to earn the right to differentiate by how they sell your salespeople must have credibility with their prospect. Successful sales leaders don’t steal those opportunities from their team, they … Read more6 Ways Sales Leaders Increase Their Salespeople’s Credibility in Front of a Prospect – Sandler Training

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The real reason it’s time to find a software for your field operations – Aimsio

Sure, there are lots of reasons to find a software to control your field operations. Here are just a few of them: Save time by reducing the amount of paperwork you have. Save money by tracking every crew member and piece of equipment in the field. Save yourself from awkward moments in the boardroom when that report you need isn’t ready. … Read moreThe real reason it’s time to find a software for your field operations – Aimsio

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Creating Leading Software to Connect People and their Assets – Cenozon

Cenozon_Tagline_Feature

Committed to supporting pipeline integrity, Cenozon has grown over the past 20 years by consistently providing highly efficient software products to the Oil and Gas industry. Through this commitment to integrity management, Cenozon saw an increase in their clients’ needs to optimize efficiency across their business units. As such, in the past two years in … Read moreCreating Leading Software to Connect People and their Assets – Cenozon

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OPEC’s Oil Price Nightmare Is Already Coming True: Gadfly

February 11, 2018 by Julian Lee (Bloomberg Gadfly)  The latest surge in U.S. oil output will probably hasten the country’s rise to the top of the producer pile. More important, it’s starting to look as though at least half of OPEC’s nightmare scenario for 2018 — a surge in shale output and slowdown in demand growth — … Read moreOPEC’s Oil Price Nightmare Is Already Coming True: Gadfly

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Canada Weekly Rig Count Down 17 to 325 for Week Ending February 9, 2018

Drilling Rig 400x270

Canada’s drilling rigs went down by 17 to the current count of 325 actively drilling rigs according to data collected by Baker Hughes for the week of February 9th. From one week ago, Alberta rig counts decreased from 229 to 228 and the Saskatchewan rig count decreased by 75 to 66. Oil drilling went down … Read moreCanada Weekly Rig Count Down 17 to 325 for Week Ending February 9, 2018

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Oil drops as Wall Street swoons, North Sea pipeline ramps up

February 9, 2018 Reuters NEW YORK (Reuters) – Oil prices fell for a sixth day on Friday, with U.S. futures dropping below $60 a barrel for the first time since December, as the stock market rout resumed and a North Sea pipeline ramped up operations, feeding worries about another global crude glut. U.S. and Brent crude … Read moreOil drops as Wall Street swoons, North Sea pipeline ramps up

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U.S. drillers boost oil rig count to highest nearly 3 years -Baker Hughes

Baker-Hughes

February 9, 2018 Reuters U.S. energy companies added 26 oil rigs this week, boosting the count to 791, its highest since April 2015, even as crude pulled back from three-year highs with drillers expecting higher prices for their output in 2018 than last year.The increase in the week to Feb. 9 was the biggest weekly rise … Read moreU.S. drillers boost oil rig count to highest nearly 3 years -Baker Hughes

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Operators Wanted! Lenbeth Energy Services is looking for Full Time Telebelt Operators / Drive Over Coordinators: See Details HERE

Lenbeth Logo Feature

Telebelt Operators / Drive Over Coordinators Location: Edmonton, Alberta (Head Office) Positions: Various Locations (Western Canada) Type: Full Time Position Summary: Lenbeth Energy Services is looking for Class 1, 3 & 5 experienced professional operators for our Telebelt & Drive Over Coordinator positions. Please ensure you application is complete and as detailed as possible and … Read moreOperators Wanted! Lenbeth Energy Services is looking for Full Time Telebelt Operators / Drive Over Coordinators: See Details HERE

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ARC Resources Ltd. Reports Record Annual Production and Record Increase to Oil and Gas Reserves

CALGARY, Feb. 8, 2018 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC”) is pleased to report its fourth quarter 2017 financial and operating results. Fourth quarter production averaged 133,409 boe per day, net income was $73.9 million ($0.21 per share), and funds from operations totaled $221.1 million ($0.63per share). ARC’s consolidated financial statements and notes (“financial statements”), as well as ARC’s Management’s Discussion and … Read moreARC Resources Ltd. Reports Record Annual Production and Record Increase to Oil and Gas Reserves

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ARC Resources Ltd. Announces Record 320 Per Cent Replacement of Produced Reserves Through Development Activities in 2017

CALGARY, Feb. 8, 2018 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC”) is pleased to report its 2017 year-end reserves and resources information. “2017 marks ARC’s largest addition of development reserves in our company’s history, having added 145 MMboe of proved plus probable reserves, and replacing 320 per cent of 2017 produced reserves,”stated Myron Stadnyk, President and CEO. “Our Montney assets in northeast British … Read moreARC Resources Ltd. Announces Record 320 Per Cent Replacement of Produced Reserves Through Development Activities in 2017

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Suncor calls on Canada to ‘up its game’ in drive for investment

February 9, 2018 Reuters Suncor CEO Steve Williams Suncor Energy Inc , one of Canada’s biggest oil producers, said on Thursday that the country is losing ground to others in creating conditions to attract investment.The warning from Suncor Chief Executive Steve Williams came hours before Prime Minister Justin Trudeau’s Canadian government was scheduled to unveil changes … Read moreSuncor calls on Canada to ‘up its game’ in drive for investment

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Eagle Energy Inc. Announces Sale of its Salt Flat Field in Texas and Reduction of Debt

February 8, 2018 Globe Newswire  CALGARY, Alberta, Feb. 08, 2018 (GLOBE NEWSWIRE) — (TSX:EGL):  Eagle Energy Inc. (“Eagle”) is pleased to announce that it has sold its oil and gas interests in the Salt Flat field (the “Salt Flat Field”) located in Caldwell County, Texas for approximately $CA 33.3 million cash, subject to customary post-closing adjustments. … Read moreEagle Energy Inc. Announces Sale of its Salt Flat Field in Texas and Reduction of Debt

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How Soaring U.S. Oil Exports to China are Transforming the Global Oil Game

February 9, 2018, by Henning Gloystein SINGAPORE (Reuters) – Bit by bit, the U.S. petroleum industry is turning world oil markets inside out. First, sharp drops in U.S. imports of crude oil eroded the biggest market that producers like OPEC had relied on for many years. Now, surging U.S. exports – largely banned by Washington until … Read moreHow Soaring U.S. Oil Exports to China are Transforming the Global Oil Game

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McKenna says no province will be allowed to stop federal authority on pipelines

OTTAWA — Environment Minister Catherine McKenna is working with her counterparts in Alberta and British Columbia to try to find a solution to the trade war emerging between the two provinces over the Trans Mountain pipeline expansion.
McKenna says she…

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Oil Drops Toward $60 as Risk-Asset Rout Inflames Supply Fears

Oil-Prices

February 9, 2018 by Alex Longley (Bloomberg)  Oil headed for its worst week in almost a year as the global risk-asset rout troubled investors already concerned over growing U.S. supply. Futures traded in New York are on track to post a 7.7 percent slump this week as equities tumbled around the world. Adding to the … Read moreOil Drops Toward $60 as Risk-Asset Rout Inflames Supply Fears

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U.S. Budget Deal would Sell 15 Percent of Emergency Oil Reserve

February 8, 2018 WASHINGTON (Reuters) – The U.S. budget deal reached by Congress on Wednesday includes the sale of 100 million barrels of crude oil from the country’s emergency petroleum stash starting in 2022, or about 15 percent of the reserve, according to the text of the agreement. Under the agreement, expected to be voted … Read moreU.S. Budget Deal would Sell 15 Percent of Emergency Oil Reserve

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Five Things to Know in World Business Today

February 9, 2018, by Lorcan Roche Kelly (Bloomberg) Stocks fall Another late-session plunge into the U.S. close yesterday spurring a correction in the S&P 500 Index has triggered selling across the globe. Overnight, the MSCI Asia Pacific Index dropped 1.8 percent, while Japan’s Topix Index closed down 1.9 percent, taking the gauge’s losses for the week to 8 … Read moreFive Things to Know in World Business Today

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Hinton exploring capturing geothermal heat from re-purposed oil and gas wells with $1.2 million

February 9, 2018 1.2 Million Committed to Hinton Geothermal $400 000 in investment has been committed from Western Economic Diversification Canada, and $800000 from the Government of Albertan and Alberta innovates to the Hinton Geothermal Heating District project. This investment will determine the viability of this technology in the municipality of Hinton. While this project … Read moreHinton exploring capturing geothermal heat from re-purposed oil and gas wells with $1.2 million

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Crew Energy Announces 2018 Capital Budget and Strong 2017 Reserves Growth

CALGARY, Alberta, Feb. 08, 2018 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX:CR) of Calgary, Alberta (“Crew” or the “Company”) is pleased to provide highlights from our independent corporate reserves evaluation prepared by Sproule Associates Ltd. (“Sproule”) with an effective date of December 31, 2017 (the “Sproule Report”) along with the Company’s 2018 capital expenditure budget, … Read moreCrew Energy Announces 2018 Capital Budget and Strong 2017 Reserves Growth

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Kinder Morgan Canada set to fight back in pipeline battle

February 8, 2018 Reuters Kinder Morgan Canada boss Ian Anderson Kinder Morgan Canada Ltd is gearing up for a legal fight over British Columbia’s plans to block increased oil shipments through the western Canadian province, as it questions the intent of the proposed rules which could further delay its Trans Mountain pipeline expansion project.In a five-page … Read moreKinder Morgan Canada set to fight back in pipeline battle