January 31, 2018 (Reuters) Oil major Royal Dutch Shell said its U.S. unit had made one of its biggest oil discoveries in the past decade in the Whale deepwater well in the U.S. Gulf of Mexico. The Whale is operated by Shell and co-owned by U.S. oil giant Chevron Corp. “Evaluation of the discovery was … Read more
January 31, 2018 Reuters NEW YORK, Jan 31 (Reuters) – U.S. crude oil production in November surpassed 10 million barrels per day for the first time since 1970, and neared the all-time output record, the Energy Information Administration said in a monthly report on Wednesday. Oil output rose 384,000 barrels per day (bpd) in November from … Read more
Calgary, Alberta (January 31, 2018) – In its first update to the 2018 Canadian Drilling Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised its forecasted number of wells drilled (rig released) across Canada for 2018 to 7,600 wells. This represents a decrease of 300 wells, or 4 percent, from PSAC’s … Read more
EDMONTON — Alberta Premier Rachel Notley says there will be consequences for British Columbia over the province’s latest attempt to hinder expansion of the Kinder Morgan Trans Mountain oil pipeline.
Notley held an emergency cabinet meeting Wednesday t…
CALGARY — About 400 jobs are expected to disappear at Suncor Energy Inc.’s oilsands mines in northern Alberta as it deploys driverless ore-hauling trucks to replace the ones humans operate now.
“We have about 500 roles that will get eliminated through…
CALGARY, Jan. 30, 2018 /CNW/ – Compass today announced it has changed its brand name, from Compass Compression to Compass to provide more clarity as the company continues to expand into the gas processing market. Additionally, the legal name is Compass Energy Systems Ltd. representing the 5 divisions of business within Compass, being; Compression, Process, Retrofit, Rentals and Parts … Read more
TSX: TVK VEGREVILLE, AB, Jan. 31, 2018 /CNW/ – TerraVest Capital Inc. (“TerraVest” or the “Corporation“) (TSX: TVK) announced today that it has received the approval of the Toronto Stock Exchange (the “TSX“) to renew its normal course issuer bid (the “Bid“) for up to 913,256 of its issued and outstanding common shares (the “Shares“) on the TSX. … Read more
January 31, 2018, by Arpan Varghese and Koustav Samanta (Reuters) – Oil prices are unlikely to advance much higher than $70 a barrel in 2018, with the market caught between the opposing forces of OPEC-led production cuts and surging U.S. output, a Reuters poll showed on Wednesday. The survey of 34 economists and analysts forecast that Brent … Read more
January 31, 2018, by Jen Skerritt and Kevin Orland (Bloomberg) Once recreational marijuana becomes legal in Canada, Garnet Amundson says it will get a lot harder to find the workers he needs at Essential Energy Services Ltd. And he isn’t the only employer who’s worried. Essential Energy provides services to oil and natural-gas drillers across Canada, … Read more
January 31, 2018, by Wael Mahdi (Bloomberg) OPEC-led production cuts will last for the rest of the year, and an early termination in June would be a surprise to the market, the International Energy Agency’s markets division head said. The oil market will move from surplus into a small deficit after the first quarter but it … Read more
January 30, 2018 by EnergyNow Staff Industry confidence has grown sharply in 2018, according to the new study by DNV GL, a technical consulting firm to the oil and gas sector. DNV GL surveyed 813 senior oil and gas executives globally, they found that over 63% of professionals were confident about the rise & further … Read more
January 31, 2018, by Lorcan Roche Kelly (Bloomberg) Fed decision At 2 p.m. Eastern Time, the Federal Reserve will announce its latest monetary-policy decision. With all economists surveyed by Bloomberg expecting no change, investors will closely read the statement for any hints of a hawkish turn. Today also marks Janet Yellen’s last meeting as Fed Chair, … Read more
IRVING, Texas–(BUSINESS WIRE)–ExxonMobil today announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate … Read more
“If you think safety is expensive, just try an accident” -Trevor Kletz, Process Safety Pioneer 2018 Individual Training Pass Cost: $3,995.00 (Value $17,220) 20 Training Days for any ACM Eligible Course (All Courses, Excluding TUV Rheinland Certification programs) 2018 Corporate Training Pass Cost: $5,995.00 (Value $17,220) 20 Training Days for any ACM Eligible Course (All Courses, Excluding … Read more
CALGARY — A growing number of Canadian drilling rigs are being moved south of the border to take advantage of brighter prospects in the United States — and observers say it’s unlikely they will ever return home.
A week ago, Calgary-based Akita Drillin…
LONDON — BP says it has made two new oil discoveries in the North Sea, adding to hopes for a revival in the declining basin that has fueled Britain’s oil and gas industry since the 1970s.
The company said Wednesday that it found oil at the Capercailli…
CALGARY — Suncor Energy Inc. says over the next six years it expects to deploy more than 150 electric autonomous haul trucks at its company operated-mines — a move expected to decrease its equipment operator positions as early as 2019.
The Calgary-bas…
CALGARY — The B.C. government has launched its latest effort to hinder development of Kinder Morgan Inc.’s Trans Mountain expansion project with a proposal to at least temporarily restrict increases in diluted bitumen shipments.
Environment Minister G…
FOR: BLACKPEARL RESOURCES INC.TSX SYMBOL: PXXOMX SYMBOL: PXXSDate issue: January 30, 2018Time in: 5:00 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 30, 2018) – BlackPearl Resources Inc.
(“we”, “our”, “us”, “BlackPearl” or the “Company”) (TSX:P…
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary You’re probably calling on the right people, those that can say “no” and “yes,” and skilled at getting past gatekeepers, but no matter how skilled you are at making prospecting calls you will speak with a decision maker who says, … Read more
CALGARY, Alberta, Jan. 30, 2018 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX:GEI), announced today its corporate strategy to accelerate its transition to a focused oil infrastructure growth company. As part of that strategy, the Company will divest several non-core businesses and target competitive distributable cash per share and dividend growth. The … Read more
January 30, 2018, by Serene Cheong (Bloomberg) OPEC’s second-biggest producer is relinquishing some control over its prized oil in exchange for better prices. In a rare move, Iraq is allowing buyers to load its crude without saying where the cargo will finally end up. They will only have to let the Middle East producer know about the … Read more
January 30, 2018, by Alex Longley (Bloomberg) Oil’s slowing down as danger signs flash ahead. Futures fell for a second day as U.S. crude stockpiles were seen expanding for the first time in 11 weeks, ending a record run of declines. A sharp contraction in Brent’s premium to West Texas Intermediate may lead to further inventory gains … Read more
January 30, 2018, by Reed Landberg, Tommaso Ebhardt and Chiara Albanese (Bloomberg) The center of gravity in Europe’s natural gas market is heading south as one of the continent’s biggest pipeline operators builds a system that could make Italy an exporter of the fuel for the first time. Fortified with new supplies due from a $5.6 … Read more
January 30, 2018, by Lorcan Roche Kelly and Natasha Doff (Bloomberg) Market nerves The benchmark U.S. 10-year Treasury yield’s rise above 2.7 percent for the first time since 2014 yesterday sent some nervousness into global equity markets. Overnight, the MSCI Asia Pacific Index following U.S. stocks lower, slipping 1.2 percent while Japan’s Topix index closed down 1.2 percent. In Europe, … Read more
January 29, 2018, by EnergyNow staff The oil rally could get derailed by “explosive” growth from U.S. shale in 2018, and “substantial gains” in Canada and Brazil will also add to the supply woes. The International Energy Agency (IEA) acknowledged in a January 2018 Oil Market Report that the recent rally in oil prices came … Read more
January 30, 2018 Reuters HOUSTON – Exxon Mobil Corp plans to invest billions of dollars in the United States due in part to recently approved corporate tax rate cuts, the company’s chief executive said on Monday. Darren Woods, head of the world’s largest publicly traded oil producer, said in a blog post on the company’s website … Read more
With oil and gas so far behind in dealing with digital change, what can Boards do to move the needle? The Board Level Need Boards of Directors on oil and gas companies are seeking tangible and practical things that they can do to address digital change. Or so I was told recently where I was visiting idyllic Lake Louise, Canada as one of 6 presenters at the Peters and Co annual … Read more
January 29, 2018 by David Lawder and Anthony Esposito MONTREAL (Reuters) – U.S. President Donald Trump’s trade chief on Monday dismissed Canadian proposals for unblocking NAFTA modernization talks but pledged to stay at the table, easing concerns about a potentially imminent U.S. withdrawal from the trilateral pact. Trump, who described the 1994 pact as a … Read more
FOR: CAITERRA INTERNATIONAL ENERGY CORPORATIONTSX VENTURE SYMBOL: CTIDate issue: January 29, 2018Time in: 7:55 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 29, 2018) – CaiTerra International Energy
Corporation (TSX VENTURE:CTI) (the “Company”)…
CALGARY, Alberta, Jan. 29, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2017 year-end reserves evaluation and to provide our 2018 budget and guidance. In 2017, Prairie Provident focused on repositioning its asset portfolio by selling non-core gas producing properties … Read more
CALGARY — The Fort Hills oilsands project has achieved its first oil production and will continue to ramp up through the first quarter.
Suncor Energy Inc., the project operator, says Fort Hills remains on track to reach 90 per cent capacity by the end…
January 29, 2018 | Source: Trinidad Drilling Ltd CALGARY, Alberta, Jan. 29, 2018 (GLOBE NEWSWIRE) — Trinidad Drilling Ltd. (TSX:TDG) (“Trinidad” or “the Company”) announced that it is moving eight rigs to the Permian Basin, TX to meet increased customer demand. The rigs will be redeployed from the Company’s existing global operations, including Canada. Trinidad is prepared and … Read more
January 28, 2018, by Nia Williams CALGARY, Alberta (Reuters) – The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oil sands. Now Canada is looking to its own shale fields to repair the economic damage. Canadian producers … Read more
January 28, 2018, by Amanda Cooper LONDON (Reuters) – Oil eased below $70 a barrel on Monday as rising U.S. output undermined efforts led by OPEC and Russia to tighten supplies, but prices were still on track for their strongest start to the year in five years. Brent crude futures LCOc1 were down 64 cents … Read more
January 29, 2018, by Lorcan Roche Kelly (Bloomberg) Bonds week The 10-year Treasury traded with the highest yields since April 2014 this morning, while the yield on the German five-year bond moved above zero for the first time since December 2015. The selloff comes as the dollar halts its recent slide ahead of a busy week … Read more
On July 12, 2017, Canadian Standards Association (CSA) developed two regulatory amendments: B621 and B622. Transport Canada stipulates that every fuel hauler (Class 2 & 3) in operation must be fitted with an automatically activated-manual reset positive shutoff system by January 12, 2018. Due to the new regulations, there has been a massive influx of … Read more
Replacing a Chart Recorder A chart recorder is an instrument that creates a paper chart record of the pressure in a system. It relies on ink pens mounted on mechanical arms, which pivot in response to pressure. Its primary advantage is an ability to record for extended periods in remote locations. An experienced user may … Read more
Solid robust and reliable instrumentation and controls not only ensure efficient and profitable plant operations, but also includes safe functionality of the process, protection of the environment and regulatory compliance when required. 65% of risk reduction comes from Instrumentation and Controls (I&C), according to recent risk intelligence studies. I&C is the fastest growing form of … Read more
FOR: SUNCOR ENERGY INC.TSX SYMBOL: SUNYSE SYMBOL: SUDate issue: January 29, 2018Time in: 6:30 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 29, 2018) – Suncor today announced that
the Fort Hills project is continuing its steady ramp up of produ…
January 24, 2018, by Nina Chestney LONDON (Reuters) – More global oil and gas firms expect to increase capital spending this year as confidence picks up after crude prices climbed above $70 a barrel in January for the first time in the three years, according to a survey by DNV. DNV, a technical adviser to … Read more
January 26, 2018 Reuters LONDON, Jan 26 (Reuters) – Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint. The scale of the buying spree … Read more
January 26, 2018 by Theophilos Argitis (Bloomberg) Canadian inflation hovered at about the central bank’s 2 percent target for a second month in December, the result of a year of strong growth that is finally beginning to produce signs of more normal price pressures. Annual inflation was 1.9 percent in December, slightly down from 2.1 percent … Read more
January 28, 2018 by Julian Lee (Bloomberg Gadfly) Are we there yet? We’ve learned two things on the oil policy of OPEC and friends from meetings in Muscat, Oman and Davos. They don’t know the destination, but they know they haven’t got there. Since the group started their output cuts in January last year, it … Read more
CALGARY — For most Canadians, Drumheller conjures up images of dinosaur bones and ancient fossils, but entrepreneur Sean Clark’s expedition in the southern Alberta town is focused on a very current obsession: Bitcoin.
The CEO of Hut 8 Mining Corp. rec…
January 26, 2018 by Jessica Summers (Bloomberg) Oil just got an extra tailwind from a weakening dollar as this month is shaping up to be the best January for black gold in 12 years. That’s because when the greenback is losing value, investors tend to flock to commodities as a store of value, and this … Read more
ST. JOHN’S, N.L. — Husky Energy Inc.’s SeaRose FPSO vessel has been cleared by the regulator to return to duty gathering, storing and offloading crude oil from an oilfield off the Newfoundland and Labrador coast.
The Canada-Newfoundland and Labrador O…
U.S. energy companies added 12 oil rigs this week, the biggest weekly increase since March, as crude prices hovered near their highest levels since 2014, prompting drillers to return to the well pad. Drillers boosted the rig count to 759 in the week to Jan. 26, the highest level since September, General Electric Co’s Baker … Read more
Canada’s drilling rigs went up by 13 to the current count of 338 actively drilling rigs according to data collected by Baker Hughes for the week of January 26th. From one week ago, Alberta rig counts increased from 223 to 232 and the Saskatchewan rig count increased by 5 to 69. Oil drilling went up … Read more
January 26, 2018 MOSCOW (Reuters) – The United States added Russian officials and energy firms to a sanctions blacklist on Friday, days before details of further possible penalties against Moscow are due to be released. Washington could release reports as early as Monday detailing the possibilities for expanding sanctions against Russia over its alleged meddling … Read more
CALGARY — Crude-by-rail shippers are being asked to sign multi-year, take-or-pay contracts that guarantee minimum volumes before Canadian Pacific Railway will assign locomotives and crews to help move a backlog of oilsands crude out of Western Canada….
January 26, 2018 Reuters The head of security at one of Mexico’s 6 state-run oil refineries was shot dead on Thursday. MEXICO CITY, Jan 25 (Reuters) – The head of security at one of Mexico’s six state-run oil refineries was shot dead on Thursday, becoming the latest victim of violent crime that has seeped into … Read more
VEGREVILLE, AB, Jan. 26, 2018 /CNW/ – TerraVest Capital Inc. (TSX: TVK) (“TerraVest” or the “Company”) announced today that it has acquired all of the issued and outstanding shares of MaXfield Group Inc. (“MaXfield“) for $21.0 million subject to a working capital adjustment. MaXfield is a privately-owned Alberta based company primarily focused on manufacturing high quality processing, storage and transportation equipment for the … Read more
January 26, 2018 by Lorcan Roche Kelly (Bloomberg) Trump set to address Davos, dollar moves still driving markets, and it’s GDP day. Here are some of the things people in markets are talking about today. Trump speech President Donald Trump is due to make his scheduled address to the World Economic Forum in Davos, Switzerland at … Read more
Record Ohio gas production spurs new natural gas processing and generation facilities In October 2017, Ohio’s natural gas production reached a new high of 5.5 billion cubic feet per day (Bcf/d), doubling its May 2015 values. Most of Ohio’s natural gas production growth has come from the development of the Utica shale play, and … Read more
January 26, 2018 by Ben Sharples and Grant Smith (Bloomberg) Oil headed for a weekly increase as U.S. crude stockpiles dropped further and the nation’s currency weakened. Futures have climbed 3.8 percent in New York this week after reaching the highest since December 2014 on Thursday. Crude stockpiles fell for a 10th week to the … Read more
January 26, 2018 by Perry Williams (Bloomberg) SolarReserve LLC, a California-based renewable-energy developer, said President Donald Trump’s decision to slap tariffs on solar equipment imports will benefit the U.S. gas industry. Raising prices for the goods to enter the U.S. will cause a slowdown in the solar sector, the company’s Chief Executive Officer Kevin Smith … Read more
January 25, 2018 by Bob Van Voris (Bloomberg) New York Mayor Bill de Blasio, whose city sued five energy companies this month, including Exxon Mobil, BP and Shell claiming damage to the city from climate change, told Vermont Senator Bernie Sanders: “Let’s help bring the death knell to this industry that’s done so much harm.” … Read more
January 25, 2018 Reuters TransCanada Corp does not see a route change for the proposed Keystone XL oil pipeline to Nebraska as a major issue, and the company is confident that a key regulatory approval will stand, Chief Executive Russ Girling said on Thursday.Analyzing the November approval by Nebraska Public Service Commission was an important factor … Read more
CALGARY, Alberta, Jan. 25, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) announces a realignment of its executive team with the appointment of Randy Steele as Chief Operating Officer. Mr. Steele, who originally joined Pengrowth in 1998, and who currently holds the position of Senior Vice President, Conventional Operations, will assume operational responsibility for … Read more
By Geoffrey Cann Many of the digital innovations I’ve reviewed (including those related to the oil and gas industry) struggle to get to a customer trial. Why is that and what can be done about it? Stuck in First Gear Over the past 2 years, I’ve had occasion to be exposed to a number of great business to business digital innovations that I think … Read more
CALGARY — The National Energy Board says it has approved repair work on an Enbridge Inc. pipeline that is the only outside link for oil production in Norman Wells, NWT.
Enbridge had shut down Line 21, also known as the Norman Wells pipeline, in Novemb…
January 25, 2018 by Grant Smith (Bloomberg) Saudi Arabia has insisted there’s no connection between plans to sell part of its state oil giant and an OPEC strategy that supports crude prices. But within days, it’s hesitated on the time-frame for both. On Jan. 21, Saudi Energy Minister Khalid Al-Falih indicated it could be next … Read more
CALGARY — The head of TransCanada Corp. said Thursday that he’s still optimistic about Canada’s liquefied natural gas export prospects and that the company is proceeding very carefully on its controversial Keystone XL pipeline.
Speaking at an investme…
LNG or liquefied natural gas represents a key export opportunity for Canada’s abundant natural gas resources. What is LNG? Liquefied natural gas, or LNG, is natural gas that has been cooled to -161 degrees Celsius—the point at which natural gas changes into liquid form. In this state it becomes a clear, odourless and non-toxic liquid. … Read more
The Challenges – by Sherri Hilton MAL, CEC, PCC “The times they are a changing.” This is the title of the famous 1964 Bob Dylan song and words that are just as, if not more, relevant in 2018 as they were then. Leaders in today’s energy industry are surrounded by constant change, disruption, innovation … Read more
January 25, 2018 (Bloomberg) The unintended consequence of OPEC’s quest to drain a global oil glut may be a sharp rise in price volatility as the buffer against worldwide turmoil and disruptions is stripped back. Due to the glut, suicide bombers in the Iranian capital, independence efforts by Iraq’s Kurdistan region, and war in Syria … Read more
January 25, 2018 by Grant Smith and Alex Longley (Bloomberg) Oil extended its three-year high as a record stretch of declines in U.S. crude stockpiles added to signs that global markets are burning off a chronic surplus. Futures added as much as 1.3 percent in New York after climbing 1.8 percent on Wednesday. A weaker U.S. dollar … Read more
January 25, 2018 by Lorcan Roche Kelly (Bloomberg) It’s ECB day, Mnuchin not backing down on dollar comments, and Mueller probe is moving at a fast pace. Here are some of the things people in markets are talking about today. ECB decision The European Central Bank will announce its latest monetary-policy decision at 7:45 a.m. Eastern … Read more
FOR: TRANSCANADATSX SYMBOL: TRPNYSE SYMBOL: TRPDate issue: January 25, 2018Time in: 11:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 25, 2018) – News Release – TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) will hold a teleconfer…
CALGARY — A rally in oil prices that started late last year and shows no signs of stopping in 2018 is expected to pave the way for bigger payouts for long-suffering Canadian energy investors as fourth-quarter reporting season gets underway in the next…
January 24, 2018 Reuters (Reuters) – U.S. crude stocks fell for a record 10th straight week as levels at the Cushing, Oklahoma hub continued to draw down to three-year lows, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell 1.1 million barrels in the week to Jan. 19, compared … Read more
January 24, 2018 Reuters LONDON (Reuters) – The world’s top oil companies are expected to generate more cash in 2018 than at any other time this decade after three painful years of cuts, but it isn’t party time yet. The shift in sentiment has been rapid as crude prices have risen by more than 50 percent … Read more
January 24, 2018 by Jessica Summers (Bloomberg) Crude popped above $65 a barrel for the first time in more than three years after U.S. crude stockpiles fell for a 10th week in the longest stretch of declines on record. Futures advanced 1.8 percent in New York. Crude in American tanks and terminals slipped last week … Read more
CALGARY — A coalition of First Nations is raising money through a GoFundMe campaign to mount a legal challenge to the proposed oil-tanker ban on British Columbia’s north coast.
The challenge is coming from the backers of the proposed Eagle Spirit pipe…
January 24, 2018, by Ari Natter and Brian Eckhouse (Bloomberg) Two days after slapping steep tariffs on solar panels largely opposed by the U.S. solar industry, the Trump administration is offering them a consolation prize — literally. The Energy Department announced Wednesday that it was offering a $3 million “American Made Solar Prize” to incentivize new … Read more
January 24, 2018, by Nichola Groom LOS ANGELES (Reuters) – California’s attorney general on Wednesday said the state plans to sue the Trump administration over its repeal of Obama-era rules meant to address public safety concerns in hydraulic fracturing, or fracking, on federal lands. The suit, which Attorney General Xavier Becerra said would be filed … Read more
CALGARY — A study by the Canadian Energy Research Institute concludes that refineries in central and Atlantic Canada would benefit in terms of lower supply costs and lower global greenhouse gas emissions if they bought more Canadian crude oil.
The stu…
WINNIPEG — The Manitoba government says a new Crown corporation aimed at promoting energy efficiency will be up and running later this year.
But there is still no word on what it will cost taxpayers, how many people it will employ and what kind of reb…
HALIFAX — Prime Minister Justin Trudeau appears poised to break a key election promise regarding the environment, a coalition of about 20 environmental and fisheries groups said Wednesday.
The Offshore Alliance, which includes members from Atlantic Ca…
CALGARY, AB (January 23, 2018) – The Petroleum Services Association of Canada (PSAC) proudly held its 24th annual STARS & SPURS Gala bringing the total funds raised, since its inception, over $15 million for the Shock Trauma Air Rescue Society (STARS). This is the longest-running and largest fundraiser in Alberta. This year’s gala raised a … Read more
Volunteers are a critical asset in supporting the work of the Association. CAPPA depends on the gracious help of member volunteers to advance our work in support of the current and future careers of Production Accountants. There are many benefits to the volunteers who are giving of their time. Call for Conference Presentations Now Open! Click Here for More … Read more
Deep Knowledge. Deep Roots. A Canadian Solution to Canadian Exposures – Exclusively from Gallagher EXPERTISE. TRUST. VALUE. SERVICE. Gallagher has a global network of industry-leading oil and gas experts with extensive resources and tools. We are dedicated to the success and growth of Canada’s oil and gas industry and have one of the largest energy … Read more
“If you think safety is expensive, just try an accident” -Trevor Kletz, Process Safety Pioneer 2018 Individual Training Pass Cost: $3,995.00 (Value $17,220) 20 Training Days for any ACM Eligible Course (All Courses, Excluding TUV Rheinland Certification programs) 2018 Corporate Training Pass Cost: $5,995.00 (Value $17,220) 20 Training Days for any ACM Eligible Course (All Courses, Excluding … Read more
January 24, 2018 by Noah Smith (Bloomberg View) President Donald Trump has imposed 30 percent tariffs on solar panels made outside the U.S. It’s hard to tell why he’s doing this. It could be a protectionist move, or it could be designed to hurt renewable energy and protect the dying coal industry. But whatever the … Read more
January 24, 2018, by Ryan Collins (Bloomberg) For so-called blank-check companies focused on energy, the party’s over. In 2017, investors plowed $2.5 billion into energy-centric special purpose acquisition companies, or SPACs, the vehicles typically led by rock-star management teams. But with more than 40 percent of last year’s cash still prowling for deals, the appetite for … Read more
January 24, 2018, by Lorcan Roche Kelly (Bloomberg) This is fine Treasury Secretary Steven Mnuchin said the weak greenback is “obviously”good for U.S. trade, spurring the Bloomberg Dollar Index to tumble to a fresh three-year low. Commerce Secretary Wilbur Ross in Davos hinted that more trade measures are in the offing following the imposition of import tariffs … Read more
January 24, 2018, by Grant Smith and Alex Longley (Bloomberg) Oil’s advance slowed after prices hit a new three-year high amid signs that U.S. crude stockpiles increased last week. Futures were little changed in New York after closing on Tuesday at the highest level since December 2014. Industry data signaled inventories rose by 4.76 million barrels … Read more
January 23, 2018, by Sebastien Malo NEW YORK (Thomson Reuters Foundation) – A California city has filed a lawsuit against 29 oil companies seeking damages to pay for the costs of rising sea levels it blames on climate change, the ninth U.S. community to take the fossil fuel industry to court. The San Francisco suburb … Read more
FOR: TRANSCANADATSX SYMBOL: TRPNYSE SYMBOL: TRPDate issue: January 24, 2018Time in: 11:12 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 24, 2018) – News Release – Russ Girling,
president and chief executive officer for TransCanada Corporation (…
January 23, 2018 by Jessica Summers (Bloomberg) Crude’s rally faltered after an industry report showed U.S. crude stockpiles unexpectedly rose last week. Futures in New York, which were rising closer to $65 a barrel in after-hours trading, plunged back to the level where they settled on Tuesday, at $64.47. The American Petroleum Institute was said … Read more
January 23, 2018 CNW CALGARY, Jan. 23, 2018 /CNW/ – Kinder Morgan Canada Limited (TSX: KML) announced today certain amendments to the terms of its $5.5 billion credit facilities. The credit agreement, which established KML’s credit facilities, was amended to provide for, among other things, additional funding certainty with respect to the $4.0 billion revolving construction facility, the $1.0 billionrevolving contingent facility and the $500 … Read more
January 23, 2018 by Greg Quinn (Bloomberg) Canadian corporate tax rates remain competitive after U.S. reductions and Finance Minister Bill Morneau said he will make sure they stay that way. Canada’s average corporate tax rate is about 27 percent now and the American reductions will lower theirs to about 26 percent, Morneau said in a … Read more
MONTREAL — CN Rail is raising its quarterly dividend 10 per cent after its 2017 profits surged 51 per cent to nearly $5.5 billion due to lower U.S. taxes.
The country’s largest railway says it will pay 45.5 cents per common share on March 29, to share…
January 23, 2018 HOUSTON (Reuters) – The bodies of five people who died in an Oklahoma oil well explosion were recovered on Tuesday afternoon in a building adjacent to the drilling site outside of Quinton, Oklahoma, Pittsburg County Sheriff Chris Morris said. The bodies were transferred to the medical examiner in Oklahoma City, he said. … Read more
January 23, 2018, by Devika Krishna Kumar NEW YORK (Reuters) – TransCanada Corp’s Keystone crude pipeline is still operating at 20 percent reduced pressure, a spokesman for the company said on Tuesday, more than two months after a leak forced the line to be shut. Calgary-based TransCanada shut the 590,000 barrel-per-day pipeline, one of Canada’s … Read more
January 23, 2018, by David Ljunggren and Anthony Esposito MONTREAL (Reuters) – U.S., Canadian and Mexican negotiators opened a key week-long round of talks to modernize NAFTA on Tuesday amid persistent concerns the Trump administration is preparing to walk away from the trade deal, a move that could roil financial markets. Time is running out … Read more
MONTREAL — Moody’s Investors Service says global automakers, aside from Tesla, will generate low returns on battery electric vehicles even though sales will surge by 2030.
The rating’s service estimates that electric vehicles will account for about se…
FOR: MATRRIX ENERGY TECHNOLOGIES INC.TSX VENTURE SYMBOL: MXXDate issue: January 23, 2018Time in: 7:03 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 23, 2018) – MATRRIX Energy Technologies
Inc. (“MATRRIX” or the “Corporation”) (TSX VENTURE:MXX) …
FOR: PRECISION DRILLING CORPORATIONTSX SYMBOL: PDNYSE SYMBOL: PDSDate issue: January 23, 2018Time in: 4:08 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 23, 2018) – Precision Drilling
Corporation (“Precision”) (TSX:PD)(NYSE:PDS) intends to rele…
January 23, 2018 | Source: Leucrotta Exploration Inc. CALGARY, Alberta, Jan. 23, 2018 (GLOBE NEWSWIRE) — Leucrotta Exploration Inc. (“Leucrotta” or the “Company”) (TSXV – LXE) is pleased to announce the following update: PRODUCTION ON 9-33, A8-22 AND 8-4 LOWER MONTNEY TURBIDITE OIL WELLS AND 4-12 LOWER MONTNEY TURBIDITE LIQUIDS RICH GAS WELL During 2017, Leucrotta started to experiment … Read more
January 23, 2018, by Alex Longley (Bloomberg) Oil headed toward $64 a barrel in New York before U.S. inventory data that may show a record run of declines. March futures advanced 0.4 percent as a survey showed stockpiles probably shrank for a 10th week, which would mark the longest run of declines in weekly data since … Read more
January 23, 2018, by Lorcan Roche Kelly (Bloomberg) Open for business The U.S. government will remain open for business until at least Feb. 8 following a deal brokered in the Senate yesterday in which Majority Leader Mitch McConnell agreed to address Democrat concerns about protection for young undocumented immigrants. Getting a deal on immigration is likely to remain … Read more
January 22, 2018 – Reuters HOUSTON – Five workers were missing after a fiery explosion on Monday at an oil and gas drilling site in eastern Oklahoma, officials said. The fire continued to burn, fed by gas from a well being drilled for Red Mountain Energy by Patterson-UTI Energy Inc (PTEN.O), and preventing a full … Read more
Calgary, Alberta Cheque Presentation for the Record $1.1 Million Raised For Stars Air Ambulance at The Stars & Spurs Gala – January 20, 2018 Headline Performer Brett Kissel Performs at the Stars & Spurs Gala For the past 24 years, The Petroleum Services Association of Canada (PSAC) has hosted this signature fundraising event which is … Read more
Increase your skills by joining RPS:PEICE’s 5 day Fundamentals of Reservoir Engineering, February 12-16, 2018 in Calgary. This course will be taught by Saad Ibrahim who presents theoretical concepts coupled with numerous practical case histories. These are presented to assist reservoir and exploitation engineers in their primary functions – the determination of oil and gas … Read more
January 22, 2018 by Bailey Schulz (Bloomberg) The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve. From production vessels tapping Brazil’s deep-water reserves to pipes connecting rigs to underwater wells in China, the number of ventures delayed since the oil crash that finally got approval to get off … Read more
Global Petroleum Show (GPS) is the most important energy event in North America attracting more than 50,000 international and domestic oil & gas executives from over 20,000 companies, high-level government officials, National and International Oil Companies (NOC’s & IOC’s), thought leaders and influencers from than 115 countries around the world. This year GPS celebrates its … Read more
January 22, 2018 CNW CALGARY, Jan. 22, 2018 /CNW/ – The National Energy Board (NEB) has denied an application from Maritimes & Northeast Pipeline (M&NP) for approval of a new pipeline service and toll. M&NP had offered a “load retention” service and discounted rate to Irving Oil in exchange for a 13-year commitment to use the M&NP Pipeline … Read more
January 22, 2018 by Jessica Summers (Bloomberg) Oil closed higher after Saudi Arabia and Russia signaled production cuts may be extended into 2019, initially worrying traders that their efforts aren’t working. Futures rose 0.2 percent on Monday after toggling between gains and losses. Producers should keep limits on output through this year as it may … Read more
CALGARY, ALBERTA–(Marketwired – Jan. 22, 2018) – Razor Energy Corp. (“Razor” or the “Company”) (TSX VENTURE:RZE) (www.razor-energy.com) is pleased to announce that its Board of Directors (the “Board”) have approved an acquisition, development and operations budget of $38.4 million for fiscal 2018. The diversity of the budget provides for capital allocation towards highly economic production growth … Read more
January 22, 2018 Globe Newswire CALGARY, Alberta, Jan. 22, 2018 (GLOBE NEWSWIRE) — InPlay Oil Corp. (“InPlay” or “the Company”) (TSX:IPO) (OTCQX:IPOOF) is pleased to announce that its Board of Directors has approved a $38 million Exploration and Development capital program for 2018 which is forecasted to deliver over 23% average light oil production per share … Read more
January 21, 2018 by Barbara Powell and Dan Murtaugh (Bloomberg) Philadelphia Energy Solutions LLC, owner of the largest oil refinery serving the New York Harbor gasoline and diesel market, filed for Chapter 11 bankruptcy protection. The company, a joint-venture between The Carlyle Group LP and a subsidiary of Energy Transfer Partners LP, filed a petition … Read more
January 22, 2018 by Alex Longley (Bloomberg) Peak oil demand may be just 12 years away. That’s according to Bank of America Merrill Lynch analysts including Peter Helles, who predict that 40 percent of all car sales will be electric vehicles by 2030, reducing the need for oil as a fuel for transport. “Electric vehicles … Read more
January 22, 2018, by Lorcan Roche Kelly (Bloomberg) Impasse endures Bipartisan efforts to broker a deal to end the government shutdown failed to find agreement over the weekend, meaning disruptions will expand this morning for Americans as federal agencies begin closing at the start of their normal workweek. The Washington blame game also goes into full swing, … Read more
January 22, 2018 by Alex Longley and Ben Sharples (Bloomberg) Brent crude declined even after Saudi Arabia and Russia pledged over the weekend to continue oil supply cuts. Futures in London slipped 0.2 percent, erasing earlier gains. Output limits should remain through 2018 as re-balancing may be achieved next year, Saudi Arabia’s Energy Minister Khalid Al-Falih said … Read more
Canada’s drilling rigs went up by 49 to the current count of 325 actively drilling rigs according to data collected by Baker Hughes for the week of January 19th. From one week ago, Alberta rig counts increased from 190 to 223 and the Saskatchewan rig count increased by 7 to 64. Oil drilling went up … Read more
A Central US Producer was having difficulty finding a solution that would work for their well. The pressure differential across the SynPOLTM barrier was measured at a peak of 20 PSIG over a one month period, with a typical differential of 3 PSIG. The frac sand encountered was a blend of 40/70 mesh and 100 … Read more
FOR: TRANSCANADATSX SYMBOL: TRPNYSE SYMBOL: TRPDate issue: January 22, 2018Time in: 9:10 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 22, 2018) – Media Advisory – TransCanada
Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced it is…
CALGARY Jan 29-30, 2018 Take this, 2-DAY: FUNDAMENTALS OF RISK BASED PROCESS SAFETY MANAGEMENT COURSE HERE IS WHAT SOME OF OUR PAST ATTENDEES HAVE SAID ABOUT THIS COURSE: “The instructor was very interactive, encouraged discussion and welcomed feedback.” Process Engineer “Great course! The instructor made the course very enjoyable. With their wealth of knowledge and … Read more
www.globalpetroleumshow.com/speak In collaboration with the newly established Technical Committee that is led by Technical Chairman, Mark Salkeld, VP of Operations and Business Development at CLEANTEK Industries, The Global Petroleum Show (GPS) Conference will launch June 12 – 14, 2018 in Calgary, Canada. Committee members represent companies such as Baker Hughes, Chevron, CNRL, ConocoPhillips, Devon, Flour, … Read more
In the oil and gas industry, one word is crucial for growth, service excellence and innovation: commitment. With this commitment as its driving force, Calfrac Well Services (‘Calfrac’) looks to continually improve not just its technology, but the industry. And they’re doing just that as a reputable well services company offering technical and field service … Read more
When you turn to DataSafe Recovery Services Ltd.(DataSafe), you can slash from hours to minutes the time it takes to create your Emergency Response Plan. “It’s a tool that will increase your accuracy and decrease the time and manpower it take to deliver it,” says Ken Clarkson, who handles business development for DataSafe. A leader … Read more
EvoOne Versus Pulse for the Falher The EvoOne MWD tool was deployed on a horizontal well in the Kakwa with the Falher formation as the target. Although resistivity logs show somewhat favorable conditions for EM telemetry, most of the wells in the area targeting the Falher are drilled with pulse only MWD because of resistance … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary There’s a scene in the movie 16 Candles that perfectly describes your sales team’s ideal mindset to prospects in their funnel. One character asks another what they think about a younger classmate and the response is “I … Read more
January 19, 2018 CNW CALGARY, Jan. 19, 2018 /CNW/ – Manitok Energy Inc. (“Manitok” or the “Corporation“) provides the following update of corporate activities related to various corporate matters and its proposed restructuring plan. Under certain Collateralized Exchange Listed NotesTM (“CEL Notes“) issued by Manitok, Manitok was required to make an interest payment on November 15, 2017 (the “November Interest Payment“). … Read more
We’ve all received annoying, repetitive and redundant sales emails about things we’re not even interested in. Our least favorite are the “I’m emailing you since you didn’t respond to my first email” emails, the “just following up” emails, and emails that are so generic they could be trying to sell almost anything. But don’t lose … Read more
January 21, 2018 by Julian Lee (Bloomberg Gadfly) After three years of gloom, the number 100 is finally starting to resurface in the forecasts of market analysts. A slump in new production outside the U.S. shale patch in 2019 could help to send Brent crude briefly back above $100 a barrel next year, according to … Read more
January 21, 2018 by Elena Mazneva, Wael Mahdi, Grant Smith and Annmarie Hordern (Bloomberg) OPEC and Russia reaffirmed that they’ll persevere with oil-production cuts until the end of the year to clear a global glut and signaled their readiness to cooperate beyond that. Russia is prepared to continue cooperating with OPEC and its de-facto leader … Read more
VANCOUVER — Municipalities and residents in British Columbia are set to argue that the proposed route of the Trans Mountain pipeline expansion would damage sensitive ecosystems, harm public parks and trails and adversely impact homeowners.
The Nationa…
January 19, 2018 CNW CALGARY, Jan. 19, 2018 /CNW/ – The National Energy Board (NEB) is holding public hearings on an application of NOVA Gas Transmission Ltd. (NGTL) to modify the North Montney Mainline Project. The hearings will take place over a two-week period and will include oral cross-examination and final arguments. The NEB will also hear oral … Read more
January 19, 2018 By John Kemp LONDON, Jan 19 (Reuters) – Even if oil consumption reaches a peak and then starts to fall, the world will still need large quantities of oil for many decades to come. The prediction is contained in a thoughtful paper co-authored by Spencer Dale, chief economist of BP, and Bassam … Read more
January 19, 2018 by Jessica Summers (Bloomberg) Oil’s recent three-year highs are looking increasingly elusive as the week ends, with mounting fears that current prices will spark too much production, all over again. Futures in New York slid 0.9 percent on Friday to the lowest level in more than a week and posted the first … Read more
U.S. energy companies this week cut oil rigs for the second time in three weeks even though crude prices traded near their highest level since 2014. Drillers cut five oil rigs in the week to Jan. 19, bringing the total count down to 747, General Electric Co’s Baker Hughes energy services firm said in its … Read more
HOUSTON, Jan. 18, 2018 (GLOBE NEWSWIRE) — Nine Energy Service, Inc. (NYSE:NINE) (“Nine”) announced today the pricing of its initial public offering of 7,000,000 shares of its common stock at $23.00 per share. The shares are expected to begin trading on January 19, 2018 on the New York Stock Exchange under the ticker symbol “NINE.” … Read more
January 19, 2018 by Alex Longley and Ben Sharples (Bloomberg) Oil slipped as the International Energy Agency became the latest group to forecast a sharp increase in U.S. production. Futures in New York tumbled as much as 1.7 percent before paring losses, as they head for the first weekly decline since mid-December. The Paris-based IEA … Read more
The Acquisition Expands Pandell’s Land Asset Management Software Solutions into the United States and Grows its Customer Base to 500+ Energy Companies January 19, 2018 – Pandell Technology Corporation, a pioneer of Software-as-a-Service (SaaS) solutions to the energy industry, announced today that it has acquired LandWorks, Inc., a Houston-based provider of land asset management and … Read more
January 19, 2018, by Laura Blewitt (Bloomberg) U.S. refiners are off to a strong start in 2018, even as competitors elsewhere are hitting harder times. Independent refiners are poised to cash in on President Donald Trump’s U.S. tax reform. Oil market fundamentals are also looking bright. Gulf Coast refiners ran at record-high levels in the … Read more
January 19, 2018 by Christopher Sell (Bloomberg) As oil trades near a three-year high and crude stockpiles fall rapidly, analysts are questioning whether the OPEC-led production cuts will last until the end of the year. As the producer group gears up for a meeting with its partners to review strategy in Muscat, Oman, this weekend, there … Read more
January 19, 2018, by Angelina Rascouet (Bloomberg) OPEC’s fear that another surge of shale oil could neutralize its production cuts might be coming true. U.S. oil output is set for “ explosive” growth this year as prices rally, the International Energy Agency said on Friday. That was just one of a chorus of voices from Goldman Sachs … Read more
January 18, 2018, by Eric Martin and Shery Ahn (Bloomberg) Mexico said differences are narrowing in talks to revamp Nafta even as President Donald Trump seemed to sap some goodwill by calling the trade pact a “a bad joke” and repeating his demand that the U.S.’s southern neighbor pay for a border wall. Uncertainty about the … Read more
January 19, 2018, by Lorcan Roche Kelly (Bloomberg) Senate numbers Yesterday the House passed a short-term funding measure in a 230-197 vote to keep the government funded through Feb. 16. Attention now turns to the Senate where it seems that Republican leaders may not have enough support from Democrats to get the funding extension passed. If they can’t agree, … Read more
CALGARY — The National Energy Board is setting up a process to resolve future permitting issues between Kinder Morgan Canada Ltd. and provincial and municipal authorities on the Trans Mountain expansion project.
The NEB said Thursday that under the pr…
TABER, Alta. — A group with the support of thousands of farmers will appear before the Supreme Court of Canada to oppose a legal ruling that allows energy companies to walk away from unprofitable wells on agricultural land.
The court announced Thursda…
EDMONTON — Scientists have figured out how hydraulic fracking causes earthquakes in northern Alberta, but they have a way to go before they can use that knowledge to predict if it will cause temblors in other areas.
“Right now, there isn’t a good solu…
CALGARY — Shares in Calgary-based Husky Energy Inc. fell nearly seven per cent Thursday after operations aboard its SeaRose FPSO vessel off the Newfoundland and Labrador coast was ordered suspended by the federal-provincial regulator because of a clos…
January 18, 2018 by Alex Longley and Ben Sharples (Bloomberg) Oil held near a three-year high ahead of U.S. inventory data that’s expected to show a ninth week of crude-stockpile declines. Futures were little changed in New York after rising 0.4 percent on Wednesday. The American Petroleum Institute estimates stocks fell by 5.12 million barrels … Read more
January 17, 2018 Marketwired CALGARY, Alberta, Jan. 17, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced that the Company’s Board of Directors has approved a 2018 capital expenditure budget of $65 million. 2018 capital spending will be focused on adding production volumes at the Company’s two 100 percent owned and operated assets at … Read more
Hand’s down: It’s the biggest economic question for Canada entering 2018. Will current talks to update the North American Free Trade Agreement (NAFTA) involving Canada, the U.S. and Mexico — a central plank in U.S. President Donald Trump’s 2016 election campaign — end in a successful re-negotiation or will it conclude in failure? Through five … Read more
January 18, 2018 by David Wethe (Bloomberg) Oilfield-service providers, happy to close the book on a largely unforgiving 2017, are eyeing a rebirth with higher crude prices sowing the seeds for a prolonged period of growth. Last year wasn’t kind to these companies. The Philadelphia Oil Services Index lost 17 percent, ending 2017 at its … Read more
by Christopher Martin (Bloomberg) A boom in solar power is threatening to wipe out $1.4 billion a year of summertime revenue for fossil-fuel generators in Texas. Almost 15 gigawatts of solar power may crop up in the Lone Star state in the coming years, and every gigawatt stands to shave about $2.76 a megawatt-hour from … Read more
CALGARY — TransCanada Corp. has lined up shipper support for its Keystone XL project thanks to a commitment from the Alberta government but the future of the controversial pipeline remains uncertain.
The company said Thursday it had secured 500,000 ba…
January 18, 2018 by Lorcan Roche Kelly (Bloomberg) House heads for funding vote, global growth lifts China’s economy, and OPEC may be a victim of its own success. Here are some of the things people in markets are talking about today. Shutdown showdown The House is on track to pass a one-month government spending bill later today, with Speaker … Read more
CALGARY — Kinder Morgan Canada Ltd. said Wednesday that the Trans Mountain pipeline expansion project could be a year behind schedule as it continues to encounter permitting delays.
The estimate is three months further behind from the company’s last e…
FOR: TRANSCANADATSX SYMBOL: TRPNYSE SYMBOL: TRPDate issue: January 18, 2018Time in: 8:00 AM eAttention:
Strong commercial support advances project to construction preparation while
working collaboratively with landowners to acquire easements
CALGARY, …
January 17, 2018 by Jessica Summers (Bloomberg) Crude rose after an industry report was said to disclose the largest-ever withdrawal of oil from the biggest U.S. storage complex. Futures added to Wednesday’s 0.4 percent advance after the American Petroleum Institute was said to have reported stockpiles at the pipeline hub in Cushing, Oklahoma, fell by … Read more
REGINA — A Saskatchewan First Nation is suing the province and the federal government to try to regain some control over traditional land it says has been whittled away by agricultural and industrial development.
A lawyer for the Carry The Kettle band…
Oil-related operations on the SeaRose FPSO vessel off the Newfoundland and Labrador coast have been ordered suspended by a federal-provincial regulator in response to a close call with an iceberg it had last March.
The Canada-Newfoundland and Labrador…
OTTAWA — Investment firms, human rights groups and aid agencies gave a thumbs-up Wednesday to the Liberal government’s decision to create an independent watchdog to enforce responsible conduct of Canadian companies operating abroad.
International Trad…
Introducing Sherri Hilton – MAL, CEC, PCC Whether at the top, near the top or on your way “UP” to the top, personal and professional development is essential for leaders within the energy industry. Starting next week on EnergyNow, Sherri Hilton will provide valuable insights, perspectives and strategies … Read more
January 17, 2018 Reuters Kuwait’s oil minister Bakhit al-Rashidi said on Wednesday there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers. “The production-reduction agreement will remain for a long time and there is no thinking right now to exit it,” Rashidi told a news … Read more
Energy services companies without a marketing department or executive level marketing staff member too often arrive at an annual marketing and sales budget by determining how much the company can comfortably afford, subtracting sales person salaries, and then revising that figure downward to make it more palatable to the Owner/President/CEO. While some understand that marketing … Read more
EIA’s Drilling Productivity Report (DPR) for January has now been released. The DPR takes a fresh look at oil and natural gas production, starting with an assessment of how and where drilling for hydrocarbons is taking place. It uses recent data on the total number of drilling rigs in operation along with estimates of drilling … Read more
January 16, 2018 Reuters HOUSTON (Reuters) – Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And this new record, expected within days, likely won’t last long. The … Read more
January 16, 2018 Reuters Goldman Sachs said on Tuesday that crude oil prices are likely to exceed its forecasts for the coming months due to rising demand and strong compliance to a production cuts. The investment bank sees Brent and West Texas Intermediate average price forecasts at $62 and $57.5 per barrel for 2018, respectively. Brent … Read more
January 17, 2018 by Ben Sharples and Grant Smith (Bloomberg) Oil continued to slide from a three-year high on speculation that a record long position built up by money managers leaves prices vulnerable to a pullback. U.S. futures fell for a second day. Hedge funds increased their net-long position in WTI to an all-time high … Read more
January 17, 2018 by Lorcan Roche Kelly (Bloomberg) Republicans edge towards funding deal, Bitcoin looks like a bursting bubble, and Wall Street earnings season begins. Here are some of the things people in markets are talking about today. Extend and… extend? House Republicans are close to agreeing a short-term funding bill that would keep the government open through Feb. … Read more
By David Yager Oilfield Services Executive Advisory – Energy Policy Analyst January 16, 2018 “Lawsuit mania”, Cesare Lombroso opined, was “…a continual craving to go to law against others, while considering themselves the injured party”. Lombroso was an Italian criminologist who at the turn of the last century gained notoriety for the “Lombroso theory”, the … Read more
January 16, 2018 PM CNW CALGARY, Jan. 16, 2018 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company”) (TSX:YGR) provides an operations update, outlines 2018 guidance and provides a hedging program update. Operations Update Production for 2017 averaged approximately 5,750 boe/d which is a 91% increase on a production per share basis when compared to 2016. December 2017 production averaged approximately … Read more
CALGARY — Steep discounts in prices for western Canadian heavy oil are moderating and should gradually ease through 2018 to allow Canadian producers to reap bigger rewards from strengthening world oil prices, according to GMP FirstEnergy.
A spike in t…
CALGARY, Jan. 16, 2018 /CNW/ – Enerplus Corporation (“Enerplus” or the “Company”) (TSX & NYSE: ERF) today announced that production for the fourth quarter of 2017 was approximately 88,600 BOE per day, above its fourth quarter guidance range of 86,000 to 88,000 BOE per day, and an increase of 12% from the third quarter of 2017. The … Read more
The Oklahoma-based collector car auction company has been in business since 1972 VANCOUVER, Jan. 16, 2018 /PRNewswire/ – Today, Ritchie Bros. announces the acquisition of Leake Auction Company, an Oklahoma-based collector car auctioneer, established in 1972. “Ritchie Bros. continues to expand and bring its professional auctions to other sectors and asset categories,” said Greg Owens, Group President (New Sectors & … Read more
Jan 16, 2018 by Robert Tuttle (Bloomberg) Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi Oil Minister Jabbar al-Luaibi said Saturday that … Read more
January 16, 2018 by Brian Eckhouse (Bloomberg) The name on the door is still TerraForm Power Inc. Its shares are still traded and the company still owns an extensive portfolio of wind and solar farms. But look inside, and it’s clear plenty of things have changed. Since Brookfield Asset Management Inc. acquired a controlling stake … Read more
January 16, 2018 by Kevin Orland (Bloomberg) Amid the bogs and forests of northern Alberta, in the heart of the Canadian oil patch, lie some of the largest waste dumps of the global energy business. In the shadow of the pipes and smokestacks that turn oil sands into flowing crude, earthen dams as long as … Read more
January 16, 2018 by Lorcan Roche Kelly (Bloomberg) Time is running out to avert a government shutdown, cryptocurrencies plunge, and the dollar recovers some ground. Here are some of the things people in markets are talking about today. Getting tight Republican leaders are struggling to get agreement on a funding bill that will avoid a government shutdown on … Read more
A Commentary by Wendy Ferguson – BHRLR, CPHR Technological advancements in the HR realm provide today’s employers with powerful tools whereby they can obtain personal and confidential information about potential employees. It’s now commonplace for employers to require prospective employees to take pre-employment aptitude and/or psychological tests. ‘Psychometric tests’ are meant to measure individuals’ mental … Read more
We now know 2,000 days of PHA’s produce over 100,000 hazardous scenarios and threats. *People make up 40% of safeguards. (Risk Intelligence by Risk AliveTM on 400 PHA studies) ACM’s 2018 TRAINING PASS IS HERE *People based safeguards are; Operator Rounds, Procedures, Preventive Maintenance and Alarms with Operator Action. Are your people ready to save the … Read more
Now is a perfect time to plan training to make effective use of your 2018 training dollars. Any of the public courses offered by RPS-PEICE can be held exclusively for your company, either at a location of your choice, or at a PEICE training centre. This in-house training option, which is typically cost-effective for groups … Read more
January 15, 2018 CALGARY, Jan. 15, 2018 /CNW/ – Kinder Morgan Canada Limited (TSX: KML) today announces the commencement of service for the first four of twelve crude oil storage tanks at Base Line Terminal, a 50-50 crude oil merchant terminal joint venture with Keyera (TSX: KEY) in Sherwood Park, Alberta (near Edmonton). The remaining eight tanks at the facility, all … Read more
January 15, 2018 CNW CALGARY, Jan. 15, 2018 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) today announced the startup of the Base Line Terminal (the “Terminal”), an above-ground crude oil storage terminal adjacent to its Alberta EnviroFuels facility near Edmonton, Alberta. The first four tanks are now in service with the remaining eight tanks expected to be phased into service throughout … Read more
January 15, 2018 CNW CALGARY, Jan. 15, 2018 /CNW/ – Ikkuma Resources Corp. (TSXV: IKM) (“Ikkuma or the Corporation”) is pleased to announce that John Van de Pol has joined the Corporation’s executive team as Senior Vice President and Chief Financial Officer, commencing January 15, 2018. John is a well-known professional amongst Calgary’s energy companies and brings a wealth of experience to the team. … Read more
January 15, 2018 CNW CALGARY, Jan. 15, 2018 /CNW/ – Vermilion Energy Inc. (“Vermilion”, the “Company”, “We” or “Our”) (TSX, NYSE: VET) is pleased to announce that we have entered into an arrangement agreement (the “Arrangement”) to acquire a private southeast Saskatchewan producer (“Privateco”) for total cash consideration of $90.8 million (the “Purchase Price”). Under the terms of the Arrangement, Vermilion has … Read more
CALGARY — Packers Plus Energy Services Inc. has filed an appeal of a Federal Court of Canada ruling in December that declared invalid its patent for a well-completion technology that has helped usher in the shale oil and gas boom in North America.
In …
FOR: RAZOR ENERGY CORP.TSX VENTURE SYMBOL: RZEDate issue: January 15, 2018Time in: 6:59 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 15, 2018) – Razor Energy Corp. (“Razor”
or the “Company”) (TSX VENTURE:RZE) (www.razor-energy.com) is pleased …
January 15, 2018 Globe Newswire CALGARY, Alberta, Jan. 15, 2018 (GLOBE NEWSWIRE) — Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its 2018 capital budget and full year guidance, along with an operational update, including record fourth quarter production volumes and a meaningful increase in oil weighting which is expected … Read more
January 15, 2018 by Ben Sharples and Grant Smith (Bloomberg) Oil traded near the highest close in more than three years as Iraq echoed a call by the United Arab Emirates and other producers that the OPEC-led output cuts should continue, despite recent price gains. Futures were little changed in New York after rising 4.7 … Read more
January 14, 2018 by Kevin Orland (Bloomberg) Husky Energy Inc., the best oil-sands stock last year, may emerge as a top pick for investors who are looking to capitalize on surging crude prices and already have shares of the largest Canadian producers. The company controlled by Hong Kong billionaire Li Ka-Shing is the cheapest stock … Read more
BEIJING — The fire from a sunken Iranian tanker ship in the East China Sea has burned out, a Chinese transport ministry spokesman said Monday, although concerns remain about possible major pollution to the sea bed and surrounding waters.
The spokesman…
The Calgary software startup looks ahead to an exciting year and expects to grow in 2018 CALGARY (January 12, 2018) – Aimsio, a software company headquartered in Calgary with a second office in Vancouver, has announced the addition of three new clients in 2018. Axion Specialty Contracting, Earth Pipeline Services, and Lineriders have all signed on to use Aimsio as … Read more
An aggressive producer in north western Alberta rented some steel mesh filter units. Upon bringing the wells into production, the high production rates of liquid, gas & wax caused the screens to collapse and fail. The producer was forced to try and operate the vessels without a filter element in order to try and produce … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary It’s fascinating how the demeanor of a seller (rep or leader) changes when they get into a negotiation. Sellers who were previously assertive and playing to win suddenly start playing not to lose, which causes … Read more
FOR: PRECISION DRILLING CORPORATIONTSX SYMBOL: PDNYSE SYMBOL: PDSDate issue: January 15, 2018Time in: 6:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 15, 2018) – Precision Drilling
Corporation (TSX:PD)(NYSE:PDS)
This news release contains “f…
Canada’s drilling rigs went up by 102 to the current count of 276 actively drilling rigs according to data collected by Baker Hughes for the week of January 12th. From one week ago, Alberta rig counts increased from 119 to 190 and the Saskatchewan rig count increased by 24 to 57. Oil drilling went up … Read more
by Noah Buhayar and Katherine Chiglinsky (Bloomberg) Warren Buffett finally confirmed what many investors have already guessed about who will succeed him as chief executive officer of Berkshire Hathaway Inc., the sprawling conglomerate he’s built over the past five decades. In naming two senior executives — Ajit Jain and Greg Abel — to the company’s … Read more
January 14, 2018 by Julian Lee (Bloomberg Gadfly) Brent crude touched $70 a barrel on Thursday, a level it last saw three years ago. That might start to look like a level where OPEC could say that its work to rebalance the market is done. After all, its output deal has done a pretty good … Read more
January 14, 2018 by Bloomberg News (Bloomberg) The Iranian oil tanker Sanchi sank into the East China Sea on Sunday afternoon after a blast, causing a “serious” oil spill that covered 10 square kilometers (3.9 square miles), state television reported, citing China’s State Oceanic Administration. The oil from the tanker was still burning, China Central … Read more
January 13, 2017 by David Wethe (Bloomberg) For U.S. shale drillers who have seen prices climb almost 50 percent in six months, it’s been largely a rig-less recovery, a conundrum for traders seeking to forecast the future. Normally, you’d expect the rigs to return to the field in significant numbers as producers flush with added … Read more
January 13, 2018 by Mahmoud Habboush, Anthony DiPaola and Wael Mahdi (Bloomberg) Iraq joined the United Arab Emirates, Qatar and Oman in calling for OPEC and allied producers to stick with their agreement to cut oil output until the end of the year, despite recent price gains. Output cuts by the Organization of Petroleum Exporting … Read more
January 12, 2018 by David Wethe (Bloomberg) Less than two weeks in, 2018 is shaping up to be the year of the fracker. The world’s two biggest oilfield service providers, Schlumberger Ltd. and Baker Hughes, are the best performers in the Standard & Poor’s 500 Energy Index this year. Even smaller rivals are cashing in … Read more
January 12, 2018 by Jessica Summers (Bloomberg) Crude ended the week with a gain after breaching a key $70 threshold and rallying for five straight days. Futures rose in New York and London, with both benchmarks closing out the biggest weekly gains since October. This week, investors saw $70 Brent crude for the first time … Read more
January 12, 2018 Reuters U.S. energy companies added 10 oil rigs this week, the biggest increase since June, as crude prices rose to their highest levels in three years, prompting drillers to return to the well pad. The total rig count rose to 752 in the week to Jan. 12, the most since September, General Electric … Read more
January 12, 2018 Reuters LONDON, Jan 11 (Reuters) – Oil prices are expected to remain close to current levels, averaging around $60 to $70 per barrel through the end of the decade, according to the annual survey of energy professionals conducted by Reuters. Forecast prices have changed very little since the last survey a year ago, … Read more
CALGARY, Jan. 11, 2018 /CNW/ – The National Energy Board (NEB) will hold an oral hearing beginning on Monday, January 15 at 1 p.m. (local time) to consider an application from Trans Mountain Pipeline ULC (Trans Mountain) to alter part of the proposed route for the Trans Mountain Expansion Project in the City of Chilliwack. The hearing will be held at the … Read more
January 12, 2017 by Grant Smith (Bloomberg) Oil’s rise to $70 a barrel for the first time in three years had clear triggers as supplies tighten and demand climbs, yet it still surprised many traders because there were so many reasons for prices to falter. Those bearish pressures are still in place, and could make … Read more
January 12, 2018 by Sid Verma and Luke Kawa (Bloomberg) Inflation reality check due, commodities on a tear and Merkel makes progress toward a fourth term. Here are some of the things people in markets are talking about today. Price projection U.S. may confirm the lowflation-spurred rally boasts strong foundations. Headline inflation growth is expected to … Read more
CALGARY — Suncor Energy Inc. says operations have ceased at its oilsands base plant near Fort McMurray, Alta., after a temporary power loss Wednesday afternoon.
Company spokesperson Erin Rees would only describe the cause of the power loss as a “proce…
(Bloomberg Gadfly) – Liam Denning I know the year’s barely started, but it’s already time to start thinking about 2019. The reason is the oil rally that has taken West Texas Intermediate back above $60 a barrel; Brent to about $70; and analyst chatter to the rarefied realm of $80. Focusing in on WTI, there’s been … Read more
EDMONTON — Alberta’s governing NDP says draft policy ideas put forward by the Opposition United Conservatives are risky and would benefit the wealthy — but the new party calls that baseless fearmongering.
Finance Minister Joe Ceci says a proposal to r…
January 10, 2018, by Andrew Mayeda (Bloomberg) Markets shuddered on signs the U.S. may be preparing to withdraw from Nafta. But even if President Donald Trump serves notice of a pullout, the trade deal could survive. Under the accord, the U.S., Canada or Mexico can withdraw after giving six-months’ notice. Scant progress has been made on … Read more
January 11, 2018 by Josh Wingrove (Bloomberg) A day after expressing concerns President Donald Trump will walk away from Nafta, Canada’s government signaled it will try to keep negotiations moving forward by seeking to break an impasse over autos. Foreign Minister Chrystia Freeland pledged she’d bring “new ideas” to the next round of negotiations in … Read more
HALIFAX — Despite an analysis that highlights the potential for billions of dollars worth of onshore gas in Nova Scotia, Premier Stephen McNeil says his government has no intention of lifting its ban on hydraulic fracturing.
The Nova Scotia Onshore Pe…
FOR: NORTHLAND POWER INC.TSX Symbol: NPI.PR.BTSX Symbol: NPI.DB.CTSX Symbol: NPITSX Symbol: NPI.PR.ATSX Symbol: NPI.PR.CTSX Symbol: NPI.DB.BDate issue: January 11, 2018Time in: 4:26 PM eAttention:
TORONTO, ON –(Marketwired – January 11, 2018) – Nort…
JANUARY 11, 2018 Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2018 EIA’s January Short-Term Energy Outlook forecasts Brent crude oil to average $60 per barrel (b) in 2018 and $61/b in 2019, slightly higher than the $54/b average in 2017. In both 2018 and 2019, EIA expects total global crude oil production to be slightly greater than … Read more
CALGARY, Jan. 10, 2018 /CNW/ – Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company”) is pleased to provide a market update. PRODUCTION UPDATE Tourmaline achieved the 2017 exit target of 270,000-280,000 boepd, averaging approximately 274,000 boepd in December. The Company achieved year-over-year production growth of 30% in 2017, also on target. Q4 2017 average production was approximately … Read more
January 10, 2018 by Joe Carroll, Kevin Crowley and Laura Blewitt (Bloomberg) — OPEC may get the credit for the longest winter decline in U.S. crude stockpiles in a decade, but other factors are also at play, including strong refining margins, frigid weather and robust foreign demand. The bottom line: A 49 percent surge in benchmark North … Read more
WASHINGTON — Opposition to the Trump administration’s plan to expand offshore drilling is mounting as Democrats from coastal states accuse President Donald Trump of punishing states with Democratic leaders and a second Republican governor asks to with…
Jan 11, 2018 by Alex Longley (Bloomberg) To really understand what’s helping push oil prices toward $70 a barrel, just follow the money. Investors have piled into commodities markets in the last month as the most bullish oil market structure in years is buttressed by OPEC-led production cuts, strong global economic growth and a softer … Read more
January 11, 2018 by Grant Smith (Bloomberg) Oil traded at the highest level in three years amid the longest stretch of declines in U.S. crude stockpiles during winter in a decade. Futures in New York advanced 0.4 percent after rising 3.5 percent the previous three sessions. U.S. inventories fell by 4.95 million barrels last week, the … Read more
January 11, 2018 by Mahmoud Habboush, Anthony DiPaola and Wael Mahdi (Bloomberg) OPEC will stick with production cuts for the rest of the year as the group makes headway toward its goal of clearing an oversupply of crude, United Arab Emirates Energy Minister Suhail Al Mazrouei said Thursday. Oil demand showed surprising growth in 2017, and compliance with … Read more
January 11, 2018 by Lorcan Roche Kelly (Bloomberg) Stability returns to bonds, what’s next for Nafta, and cryptocurrencies retreat. Here are some of the things people in markets are talking about today. Bump on the road Yesterday’s Treasury selloff appears to be more of a blip than a wholesale change in sentiment toward U.S. government debt, with the yield … Read more
by Geoffrey Cann It’s been my custom at the start of a new year to set out my forecast for where the world of digital oil and gas is headed. Here’s 3 hearty projections. My annual predictions are not among my most popular articles, which is a shame since I’m pretty accurate. As proof, check out my article from January 3, 2017, where I forecasted the oil … Read more
FOR: MOSMAN OIL & GAS LTD.
Date issue: January 11, 2018Time in: 1:00 PM eAttention:
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 11, 2018) – A group of
concerned shareholders of Gem International Resources Inc. (“GEM”) led by
Mosman Oil & Gas Limi…
FOR: SPARTAN ENERGY CORP.TSX SYMBOL: SPEDate issue: January 11, 2018Time in: 8:00 AM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 11, 2018) – Spartan Energy Corp.
(“Spartan” or the “Company”) (TSX:SPE) is pleased to announce that its Board of
Dir…
CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) — (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to provide initial production results from three new development wells on its condensate-rich Pipestone/Elmworth Montney play, announce the completion of its planned delineation program and provide its preliminary 2018 outlook. “A key focus for Blackbird in 2017 … Read more
January 10, 2018 by Golnar Motevalli (Bloomberg) The crew of an Iranian oil tanker set ablaze at the weekend following a collision could still be alive, the vessel’s owner said, calling on the Chinese authorities working at the scene to prioritize a rescue attempt. “We are still hopeful,” Captain Mohsen Bahrami, a spokesman for the … Read more
Research by Rembrand Koning and colleagues says the best-performing startups are those where the founder is hands-on with people management. by Dina Gerdeman Startup founders with a hands-on management style are more likely to retain employees and see their firms thrive, new research shows. The results are particularly applicable to knowledge-intensive technology firms, where human … Read more
CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) and (NYSE:CPG) is pleased to announce its budget for 2018. KEY HIGHLIGHTS Achieved 2017 exit rate of 183,000 boe/d and expects 2018 year-over-year exit growth of approximately seven percent. 2018 capital budget focused on returns, with over … Read more
January 9, 2018 Globe Newswire CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX:CJ) of Calgary, Alberta announces the retirement of Mr. Doug Smith, Chief Financial Officer. Mr. Smith has been with Cardinal since its inception and the management, staff and directors of Cardinal thank him for his valuable … Read more
January 9, 2018 Globe Newswire CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX:CR) (“Crew” or the “Company”) today announces certain executive changes and appointments. With a clear focus on unlocking the value of Crew’s world-class Montney play in northeast British Columbia (“NEBC”), the Company has cultivated and continues to develop an experienced … Read more
TEHRAN, Iran — The Iranian company whose oil tanker burst into flames after a collision in the East China Sea says there is still hope of finding survivors as 31 crew members remain missing and rescue efforts continued Wednesday.
As the stricken Sanch…
January 10, 2018 by Conor Sen (Bloomberg View) Not all job growth is created equal. Even though 2017 didn’t accelerate job growth over all, it accelerated growth in the right kind of jobs. High-paying goods-producing job growth jumped to 465,000 in 2017, from 64,000 in 2016. This was the second-best year for goods-producing jobs growth … Read more
January 10, 2018 by David Wethe and Ryan Collins (Bloomberg) Ben Dell doesn’t just want to change how oilfield executives are paid. He thinks there could be a lot fewer of them around. As crude prices rise, companies will be tempted to spend more to boost output, he said, even as investors seek higher returns. … Read more
January 10, 2018 by Grant Smith (Bloomberg) Oil extended gains from the highest close in more than three years as U.S. industry data signaled crude stockpiles dropped an eighth week. Futures climbed as much as 1.1 percent in New York after rising 2.5 percent the previous two sessions. U.S. crude inventories fell by 11.2 million … Read more
January 10, 2018 by Lorcan Roche Kelly (Bloomberg) Cracks appear in the bond market, Trump softens tone on immigration deal, and there are more Brexit warnings. Here are some of the things people in markets are talking about today. Bulls hit? Traders are bracing for what might be the end of the three-decade bond bull run, with former fixed-income … Read more
January 9, 2018 by Anthony DiPaola and Ladane Nasseri (Bloomberg) A key OPEC minister has warned that the group risks overheating the oil market as crude prices head toward $70 a barrel. “Members of the Organization of Petroleum Exporting Countries are not keen on increased Brent crude prices above $60 a barrel because of shale … Read more
TALLAHASSEE, Fla. — The Trump administration said Tuesday it would not allow oil drilling off the coast of Florida, abruptly reversing course under pressure from Republican Gov. Rick Scott.
Interior Secretary Ryan Zinke said after a brief meeting with…
January 9, 2018 by Jessica Summers (Bloomberg) The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the world’s largest oil producer. U.S. output will rise to 10 million barrels a day as soon as next month and top 11 million in November 2019, according to government … Read more
January 9, 2018 by Josh Wingrove (Bloomberg) Justin Trudeau’s lead Nafta minister is reaching out to many of the Republican senators urging the Trump administration to stave off the trade pact’s collapse. Foreign Affairs Minister Chrystia Freeland met Tuesday with Commerce Secretary Wilbur Ross, a regular critic of the status quo for the North American … Read more
CALGARY, Jan. 8, 2018 /PRNewswire/ – Horizon North Logistics Inc. (“Horizon North” or the “Corporation”) (TSX: HNL.TO) announced today that it has completed the acquisition of Moose Haven Lodge in Janvier, Alberta and has formed two new Aboriginal partnerships in the Fort McMurray, Alberta area. The acquisition and new partnerships are key components of the Corporation’s strategy with respect to opportunities … Read more
CALGARY, Jan. 8, 2018 /PRNewswire/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for January 2018 of $0.18 per share to be paid, subject to applicable law, on February 15, 2018to shareholders of record on January 25, 2018. For shareholders receiving their common share dividends in … Read more
VANCOUVER, Jan. 8, 2018 /PRNewswire/ – Ritchie Bros. Auctioneers Incorporated (NYSE and TSX: RBA) has published its December 2017 auction metrics on the Company’s website. This information can be accessed at the following link: https://investor.ritchiebros.com/historical-auction-metrics Monthly auction metrics should not be considered indicative of quarterly, annual or future performance. Auction metrics and corporate performance vary considerably month-to-month, due to the … Read more
CALGARY, Jan. 9, 2018 /PRNewswire/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL) reports today on the independent resource assessment (the “Resource Assessment”) of the Company’s Nisku Enhanced Oil Recovery (“EOR”) project in the Bigoray area of Alberta (“Bigoray”). The estimate, completed by Sproule Associates Limited (“Sproule”), an independent qualified reserves evaluator, with an effective date … Read more
HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for December 2017 was 954, up 12 from the 942 counted in November 2017, and up 25 from the 929 counted in December 2016. The international offshore rig count for December 2017 was 191, up 8 from … Read more
January 9, 2018Globe Newswire CALGARY, Alberta, Jan. 09, 2018 (GLOBE NEWSWIRE) — Encana (TSX:ECA) (NYSE:ECA) delivered strong performance through the fourth quarter of 2017 to close another year successfully executing its strategy, delivering significant oil and condensate growth and driving additional efficiency gains. Supported by the strong finish to 2017, the company is firmly on track … Read more
January 8, 2018 by Theophilos Argitis (Bloomberg) Canada’s business outlook remained at elevated levels with signs of capacity constraints emerging in the economy, even as expectations for future sales moderate. The overall business outlook indicator — an aggregate gauge of sentiment — rebounded to 2.49 in the fourth quarter from 0.86 in the last report, … Read more
January 9, 2018, by Ben Sharples and Grant Smith (Bloomberg) Oil steadied near $62 a barrel on estimates that U.S. crude stockpiles declined for an eighth week as the rebalancing of global markets continues. Futures added as much as 1.3 percent in New York to the highest intraday level in almost three years. U.S. inventories probably … Read more
January 9, 2018 by Lorcan Roche Kelly (Bloomberg) Yuan drops after China changes its fixing mechanism, oil rally continues with Brent approaching $70, and euro-area jobless rate falls again. Here are some of the things people in markets are talking about today. Fixing the fix China’s central bank made changes to how it calculates the yuan’s daily … Read more
BEIJING — Rescuers have found a body believed to be of a sailor from the Iranian oil tanker set ablaze after a collision in the East China Sea, China’s Ministry of Transportation said Tuesday, as the search continued for another 31 missing from the sa…
CALGARY — ATB Financial says its ownership of Calgary investment firm AltaCorp Capital is growing from a minority to a majority interest under succession provisions triggered by the sudden death of AltaCorp founder and CEO George Gosbee in November.
A…
Patented technology brings significant cost savings to energy companies Black powder contamination captured from magnetic filter rods at the entry to a refinery. Image on the left is without contamination collected, image on the right is with contamination collected. Black powder is a contaminant found in hydrocarbons that costs companies millions of dollars a year, … Read more
January 8, 2018 (Calgary, Alberta): Cenozon Inc., a leading end-to-end supplier of comprehensive oil and gas software solutions, announced the launch of its new bundled pricing strategy to help oil and gas operators reduce costs across its business units. With a subscription to any one software, Cenozon now offers 50% off any additional software subscriptions … Read more
January 8, 2018 by Alex Nussbaum and Kevin Crowley (Bloomberg) For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas. Two weeks after President Donald Trump and congressional Republicans passed a sweeping rewrite of the tax code that cuts corporate rates, drillers are finding other … Read more
SAINT JOHN, N.B. — Irving Oil is apologizing for a butane lake in the city’s east side that forced the evacuation of businesses on at least two streets in Saint John, N.B., Monday.
Police say the rupture happened at about 11 a.m. in a line that runs f…
BEIJING — An oil tanker that caught fire after colliding with a freighter off China’s east coast is at risk of exploding and sinking, Chinese state media reported Monday, as authorities from three countries struggled to find its 32 missing crew member…
January 8, 2018 Reuters SINGAPORE/LONDON (Reuters) – Oil prices rose on Monday, coming close to new three-year highs on a slight decline in the number of U.S. rigs drilling for new production and sustained OPEC output cuts. U.S. West Texas Intermediate (WTI) crude futures had risen to $61.94 a barrel by 1140 GMT, 50 … Read more
Reuters Opponents of TransCanada Corp’s proposed Keystone XL pipeline appealed a decision by Nebraska regulators to approve a path for the project through the state, a lawyer for the opponents said on Friday.The legal challenge throws up another obstacle to the long-delayed project, which environmentalists have made a symbol of their fight against climate change … Read more
January 8, 2018 by Lorcan Roche Kelly (Bloomberg) Trump restates demand for border wall funding, it’s a big week in European politics, and travel chaos in U.S. continues. Here are some of the things people in markets are talking about today. No wall, no DACA President Donald Trump warned in a weekend press conference that there would … Read more
BEIJING — An Iranian oil tanker collided with a bulk freighter and caught fire off China’s eastern coast, leaving its entire crew of 32 missing, most of them Iranians, authorities said Sunday.
The missing — 30 Iranians and two Bangladeshis — are all f…
For those of you who have participated in a turnaround (TAR) or shutdown, how many times have you regretted a decision and wished you could get a do-over? More often than not, the answer is too many to count. This is why T.A. Cook has created a proprietary TARfighter program that encourages you to … Read more
“Be strategic, develop a strategy, think more strategically.” Marketing professionals are constantly being told to develop your strategy and to have all your marketing efforts cohesively follow this strategy. However, in conversations we’ve had at tradeshows and panel discussions, we often hear people say that they don’t need to be reminded how important it is … Read more
A client wanted to utilize our Desanders for drill out operations. The flowback separator was bypassed during the drill out because of fear of sand erosion. For the operation, cast plugs would be drilled out 5-6 at a time with a bottoms up circulation after the set of drilling (each set of 5-6 plugs). We … Read more
By Eric Larson, Teletics For fun, I like to help with my Son’s robotics team at his high school. This is part of an international robotics organization called FIRST. Each team consists of students, teachers, and industry mentors. I belong to the third category, “industry mentors”. We are easily identified as the ones in the room … Read more
January 7, 2018 by Meenal Vamburkar (Bloomberg) Oil had its strongest opening week for any year since 2013 as refiners and exporters whittled away at crude inventories tucked away in U.S. storage tanks. Futures rose 1.7 percent this week in New York. The pull on oil stockpiles in the world’s biggest economy accelerated to 7.42 million … Read more
January 7, 2018 by Grant Smith (Bloomberg) — OPEC and Russia have surprised the industry with the success of their grand alliance as oil surges to a three-year high. As the unlikely bond enters a second year, there are challenges ahead. Here are four scenarios that could end their deal earlier than planned. Street Fighting … Read more
MONTREAL — The potential dismantling of the North American Free Trade Agreement poses the biggest risk to Canada’s railways not benefiting this year from healthy economies and higher demand to move crude oil, say industry observers.
“What keeps us up …
Saturday, January 20, 2018 BMO Centre Calgary, AB On January 20, 2018, PSAC will host the 24th annual STARS & SPURS Gala. Held at the BMO Centre in Calgary, AB, gala attendees will enjoy a very personal concert by Brett Kissel, reigning CCMA Male Artist of the Year and Juno award winner, as well as a … Read more
January 5, 2018 Reuters Canadian crude shipments to the United States by rail could rise more than 60 percent this year on demand by Gulf Coast refiners for the heavy crudes and the wide differential between Canadian grades and the U.S. benchmark. The rail shipments could reach as much as 350,000 barrels per day (bpd) … Read more
CALGARY — Economists used words like “unbelievable,” “astonishing” and “impressive” to describe 13 straight months of job creation in Canada that culminated in a more-than-40-year-low unemployment rate of 5.7 per cent in December.
But they also warned…
January 5, 2018 Western Canada’s fleet of drilling rigs went down by 74 rigs to the current count of 136 actively drilling rigs according to data collected by Baker Hughes for the week of December 29th. From December 22 to December 29th, Alberta rig counts decreased from 162 to 118, the Saskatchewan rig count decreased … Read more
January 5, 2018 Reuters Pioneer Natural Resources drilling operation U.S. energy companies this week cut oil rigs for the first week in three even though crude prices hovered near their highest level since the spring of 2015.Drillers cut 5 oil rigs in the week to Jan. 5, bringing the total count down to 742, General Electric … Read more
January 5, 2018 by Meenal Vamburkar (Bloomberg) Oil retreated from a 3-year high as expanding inventories of gasoline and diesel in the world’s biggest economy tempered enthusiasm about shrinking crude supplies. Futures lost 1 percent in New York, trimming this week’s advance to 1.6 percent. Gasoline stored in U.S. terminals and tanks swelled for an eighth straight … Read more
January 5, 2018 by Liam Denning (Bloomberg Gadfly) Energy dominance begins at home, and that includes any beachfront property you might have. The Interior Department unveiled on Thursday a draft proposal for leasing areas of the U.S. outer continental shelf for oil and gas drilling between 2019 and 2024. As five-year plans go, it’s an … Read more
January 5, 2018 by Greg Quinn and Erik Hertzberg (Bloomberg) All but one of Canada’s six biggest commercial lenders now say the central bank will raise interest rates this month after the jobless rate dropped to its lowest in modern records. Toronto-Dominion Bank, Bank of Nova Scotia, Royal Bank of Canada and the Canadian Imperial … Read more
January 5, 2018 Reuters LONDON (Reuters) – U.S. crude oil prices have risen above $60 per barrel which should accelerate shale drilling and production in the next few months, provided the price increase is sustained. U.S. crude futures are trading over $60 for all delivery months between February and August 2018, an increase of about 40 … Read more
January 5, 2018 by Theophilos Argitis (Bloomberg) Canada’s unemployment rate plunged to the lowest in more than 40 years, suddenly raising the odds of a Bank of Canada rate hike this month. The jobless rate fell to 5.7 percent in December, Statistics Canada said Friday in Ottawa, the lowest in the current data series that begins … Read more
Natural Gas Weekly Update Report – January 4, 2018 Below normal temperatures last week increased natural gas consumption Between December 24, 2017, and January 3, 2018, daily temperatures in the Lower 48 states averaged 27° Fahrenheit (F), which was 9°F lower than the 30-year (1981–2010) average for the same period. Daily temperatures reached a maximum … Read more
January 5, 2018 by Lorcan Roche Kelly (Bloomberg) It’s jobs day, euro-area inflation slows, and Apple says all iOS devices exposed to security flaw. Here are some of the things people in markets are talking about today. Payrolls At 8:30 a.m. Eastern Time, employment data for December are released, with expectations for an increase of 190,000 … Read more
CALGARY — A new forecast from Deloitte says demand for Canadian heavy oil will likely rise this year as shrinking volumes from Mexico and Venezuela open new opportunities to sell to U.S. refineries.
The accounting and consulting firm says the demand s…
WASHINGTON — The Trump administration moved Thursday to vastly expand offshore drilling from the Atlantic to the Arctic oceans with a plan that would open up federal waters off California for the first time in more than three decades.
The new five-yea…
WASHINGTON — The energy industry is cheering the Trump administration’s proposal to open nearly all U.S. coastlines to offshore oil and gas drilling, saying it will reduce U.S. dependence on foreign supplies and create jobs.
Independent experts are du…
January 4, 2018 by Jennifer A. Dlouhy (Bloomberg) The Trump administration is proposing to open almost all U.S. coastal waters to oil drilling, including those off California and Florida where activists have fought for decades to spare delicate ecosystems from oil spills. The proposal released Thursday will go far beyond President Donald Trump’s April order … Read more
CALGARY — Suncor Energy Inc. and Teck Resources Ltd. are getting a bargain price for bigger stakes in the Fort Hills oilsands mine they are buying from partner Total S.A., analysts say.
The two Canadian companies announced Wednesday they will pay an a…
January 3, 2018 Reuters Fort Hills Oilsands Site Suncor Energy Inc., Canada’s second-largest energy producer, said on Wednesday it and Teck Resources Ltd have taken higher stakes in the Fort Hills oilsands mine from partner Total SA, resolving a dispute over building costs.Under terms of the deal, Suncor and Teck will fund more of the C$17 … Read more
January 4, 2018 by Lorcan Roche Kelly (Bloomberg) Commodities stage a record rally, Trump turns on Bannon, and winter storm to hit eastern U.S. Here are some of the things people in markets are talking about today. Commodity rally The Bloomberg Commodity Index is set for a 15th consecutive day of gains as metals and oil climb higher, … Read more
January 4, 2018 by Alex Longley (Bloomberg) One of the key gauges of oil market strength hasn’t looked this good for bulls since 2014. West Texas Intermediate futures closest to expiry are trading at the biggest premium to the next month in more than three years, as inventories plunge at the key storage hub of … Read more
January 3, 2018 by Jennifer A. Dlouhy (Bloomberg) The Trump administration is poised to open the door to selling new offshore drilling rights from the Atlantic Ocean to the Arctic Sea, igniting a fight with coastal residents worried about oil spills befouling beaches and jeopardizing tourism dollars. The proposal — set to be the most … Read more
January 3, 2018 by Dan Murtaugh and Stephen Stapczynski (Bloomberg) The liquefied natural gas industry needs to start planning for shortages even as analysts project a glut starting next year, according to Sanford C. Bernstein & Co. The next wave of LNG projects is set to begin as early as this year, Bernstein analysts including … Read more
January 4, 2018 by Grant Smith (Bloomberg) Oil traded near the highest in three years as optimism on the global economy, cold weather and political unrest bolstered a market that’s finally shaking off a prolonged surplus. Crude is having its best start to a year since 2012, hitting $62 a barrel in New York. Swollen … Read more
January 3, 2018 by Angelina Rascouet and Julian Lee (Bloomberg) OPEC’s crude production held steady in December as the group approached a fresh year of output curbs in full compliance with its supply deal. The 14 members of the Organization of Petroleum Exporting Countries pumped 32.47 million barrels a day, according to a Bloomberg News … Read more
January 3, 2018 by Greg Quinn (Bloomberg) Canadian automobile sales reached another record high in 2017 led by trucks and SUVs, while passenger cars moved off dealer lots at the slowest pace since 1964. Light vehicle sales rose 4.6 percent last year to 2.04 million units, the fifth-straight record, according to a report Wednesday by … Read more
January 3, 2017 by Tyler Cowen (Bloomberg View) There is now a doctrine of what I call “solar triumphalism”: the price of panels has been falling exponentially, the technology makes good practical sense, and only a few further nudges are needed for solar to become a major energy source. Unfortunately, this view seems to be … Read more
January 3, 2018 by Sabrina Valle (Bloomberg) Brazil’s state-run energy explorer Petrobras agreed to pay $2.95 billion to compensate U.S. investors who lost money when a massive corruption scandal eroded the oil giant’s market value. The settlement will end a three-year legal battle with holders of Petrobras’s American depositary receipts and bonds who filed lawsuits … Read more
Source: U.S. Energy Information Administration, based on Thomson Reuters Crude oil prices ended 2017 at $60/barrel (b), the highest end-of-year price since 2013. West Texas Intermediate (WTI) crude oil prices averaged $51/b in 2017, up $7/b from the 2016 average, and ended the year $6/b higher than at the end of 2016. Brent prices have … Read more
SPRUCE GROVE, Alta. — A gas station operator near Edmonton has used some unparliamentary language to publicly protest an increase in Alberta’s carbon tax.
The illuminated sign at the Tempo Gas Station in Spruce Grove on Tuesday night used the f-bomb i…
The 3D cellular confinement technology was developed by Presto Products Company and the U.S. Army Corp of Engineers in the late 1970’s. The goal was to create a means for building roadways over poor subgrades using sand. Ultrasonically-welded strips of High-Density Polyethylene (HDPE) form the three-dimensional GEOWEB® System-—giving cohesion and additional strength to non-cohesive soils, … Read more
FOR: SUNCOR ENERGY INC.TSX SYMBOL: SUNYSE SYMBOL: SUDate issue: January 03, 2018Time in: 6:00 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 3, 2018) – Suncor today provided a
business update for the fourth quarter of 2017, highlighting upstream…
January 3, 2018 CNW Acquisition of the Business of Sonic Oilfield Services Ltd. Expands Vertex’s Presence in Saskatchewan SHERWOOD PARK, AB, Jan. 2, 2018 /CNW/ – (TSX.V:VTX) – Vertex Resource Group Ltd. (“Vertex”) is pleased to announce that it has acquired the business of Sonic Oilfield Services Ltd. (“Sonic”), an environmental services company that provides pressure trucks, fluid hauling, chemical … Read more
January 2, 2017 by Olga Kharif (Bloomberg) Blockchain is getting bigger at Big Blue. Demand for the technology, best known for supporting bitcoin, is growing so much that it will be one of the largest users of capacity next year at about 60 data centers that International Business Machines Corp. rents out to other companies … Read more
January 3, 2018 by Lorcan Roche Kelly (Bloomberg) MiFID II comes to life, geopolitical tensions cool a little and Trump pushes for wall funding. Here are some of the things people in markets are talking about today. Day of the MiFID The biggest shakeup to European financial regulation in a decade comes into force today, a “Big Bang” … Read more
January 3, 2018, by Grant Smith (Bloomberg) Oil climbed to the highest level in more than two years on estimates that U.S. crude stockpiles fell for a seventh week, while unrest continued in OPEC’s third-biggest producer. Futures rose as much as 0.9 percent in New York, approaching $61 a barrel. U.S. inventories probably fell by … Read more
FOR: CUB ENERGY INC.TSX VENTURE SYMBOL: KUBDate issue: January 03, 2018Time in: 8:30 AM eAttention:
HOUSTON, TEXAS–(Marketwired – Jan. 3, 2018) – Cub Energy Inc. (“Cub” or the
“Company”) (TSX VENTURE:KUB) comments on the newly enacted law reducing na…
January 2, 2018 PR Newswire CALGARY, Jan. 2, 2018 /PRNewswire/ – Pembina Pipeline Corporation (“Pembina” or “the Company”) (TSX: PPL; NYSE: PBA) announced today several senior executive appointments. Over the past few years, Pembina has experienced transformational growth. Since the beginning of 2015, the Company has placed over $8 billion of new assets into service. Furthermore, in 2017 the Company completed … Read more
January 2, 2018 CNW CALGARY, Jan. 2, 2018 /CNW/ – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) announces that effective January 1, 2018 the Corporation completed an amalgamation with its two wholly-owned subsidiaries, UGR Blair Creek Ltd. and Painted Rock Resources Ltd., pursuant to Sections 181 and 184(1) of the Business Corporations Act (Alberta). ABOUT PAINTED PONY Painted Pony … Read more
CALGARY — The cold snap that continues to blanket many parts of North America is driving short-term natural gas prices higher but they remain far below historic highs and the trend is unlikely to significantly affect either Canadian consumer bills or …
FOR: SUNCOR ENERGY INC.TSX SYMBOL: SUNYSE SYMBOL: SUDate issue: January 02, 2018Time in: 6:00 PM eAttention:
CALGARY, ALBERTA–(Marketwired – Jan. 2, 2018) – Michael Wilson, chair of the
board of directors of Suncor is pleased to announce the appointm…
January 2, 2018 by Lorcan Roche Kelly (Bloomberg) Protests in Iran, Washington starts the new year fighting 2017’s battles, and oil trades over $60. Here are some of the things people in markets are talking about today. Tehran troubles More than a dozen people have died in protests in Iran that were sparked by a rally over … Read more
January 2, 2018 by Kristine Owram (Bloomberg) Investors counting on a rebound in Canadian stocks following a lackluster 2017 are likely to be disappointed. Canada’s equity benchmark will rise about 4.4 percent in 2018, a return that would lag last year’s 6 percent gain that trailed most global indexes, strategists say. The S&P/TSX Composite Index … Read more
January 1, 2018 by Carlos Caminada and Catherine Traywick (Bloomberg) — Oil bulls are charging into the new year with unprecedented vigor, and the credit goes to OPEC. The signs that the group is winning its tug of war with shale are compelling, and money managers have taken note: Their combined bets on rising prices … Read more
Jan 2, 2018 by Christopher Sell and Grant Smith (Bloomberg) Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in U.S. shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps Silicon Valley will usher in the end … Read more
January 2, 2018 by Meenal Vamburkar and Grant Smith (Bloomberg) Oil hovered close to a 30-month high as civil unrest in Iran heightened concern about potential supply disruptions in OPEC’s third-biggest crude producer. Futures held above $60 a barrel in New York. In Iran, the death toll mounted amid some of the most violent clashes in … Read more
MONTREAL — Canadian initial public offerings rebounded last year from their worst performance in nearly two decades in 2016 as $5.1 billion in proceeds were generated with the prospect for a strong 2018, says Pricewaterhouse Coopers.
There were 38 iss…
January 1, 2018 by Josh Wingrove (Bloomberg) Justin Trudeau wants to make reviews of pipeline and other major projects run on time as Canadian producers struggle to get oil to market. The federal government will propose new rules for regulatory vetting of all major development projects in the new year, shortly after parliament reconvenes on … Read more
EDMONTON — Alberta’s carbon tax jumped on New Year’s Day, but the province’s NDP government maintains the tax played a vital role in Alberta’s improving economic outlook.
Deputy premier Sarah Hoffman told reporters there was a clear link between the a…
TORONTO — While stabilizing oil prices helped Canadian equities break out of their doldrums in the second half of 2017, investors expecting the Toronto Stock Exchange to catch up with its outperforming global peers in the new year should instead antic…
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