April 30, 2018 NEW YORK (Reuters) – U.S. crude oil production jumped 260,000 barrels per day (bpd) to 10.26 million bpd in February, the highest on record, the Energy Information Administration said in a monthly report on Monday. Production in Texas rose by 106,000 bpd to above 4 million bpd, also a record high based … Read more
Apr 30, 2018 by Sheela Tobben (Bloomberg) Oil drillers are working extra hard with crude prices rising near $70 a barrel. Texas oil production jumped to 4.01 million barrels a day in February, almost 21 percent higher from a year earlier, according to the Energy Information Administration, the highest in EIA data since 1981. That … Read more
Embarking on a digital transformation journey in oil and gas is not an easy matter. There are many risks to be managed. Here’s a few of the biggest. Risky Business Staying competitive is a challenge these days. Cost structures of digitally driven companies will reset to new lower levels reflective of greater automation and analytics support. Productivity of assets will rise as digital helps solve optimization challenges. Stock market valuations will reflect these gaps in performance between market leaders and laggards. Most … Read more
VANCOUVER — Prime Minister Justin Trudeau promoted the expansion of retail giant Amazon’s technology hub in Vancouver on Monday as he used the region’s record-high gas prices to continue selling the expansion of the Trans Mountain pipeline.
“I know th…
CALGARY – Zone Startups Calgary is pleased to announce EnergyNow as the newest member of its startup network. The Zone Startups Calgary program, co-founded by GE Canada and Ryerson Futures Inc., accelerates the growth of startups in the digital industrial space, primarily focused on technology companies in the energy, agriculture, and health IIoT industries. Zone … Read more
CALGARY — Canadians celebrating the onset of summer driving season have been dismayed by another spring phenomenon — rising gasoline prices across the country.
According to GasBuddy.com, the average price of regular gasoline in Canada on Monday was ab…
Apr 30, 2018 by Alex Longley (Bloomberg) Oil fell as the U.S. oil rig count rose for a fourth week, but was still poised for a second monthly advance. Futures in New York are up 3.8 percent this month, even after a 1 percent drop on Monday, following data that showed an increase in U.S. … Read more
Apr 30, 2018 by Dan Murtaugh and Naureen S. Malik (Bloomberg) Marathon Petroleum Corp. agreed to buy rival oil refiner Andeavor for $23.3 billion in a deal that would create the largest independent fuel maker in the U.S. The offer, payable in either cash or shares, values Andeavor at about $152.27 a share, the companies … Read more
April 30, 2018, by Lorcan Roche Kelly (Bloomberg) Online shopping The perpetual will-they-won’t-they deliberations over a merger between T-Mobile US Inc. and Sprint Corp. finally bore fruit over the weekend when the Deutsche Telekom AG-controlled wireless company agreed to acquire SoftBank Group Corp.’s Sprint for $26.5 billion in stock. The deal, which will reduce the number of major … Read more
April 30, 2018, by Sethuraman N R (Reuters) – Strong compliance with OPEC-led production cuts, robust demand and supply disruptions in the Middle East are likely to lift oil’s average price this year to above $67 a barrel, a Reuters poll showed on Monday. The survey of 38 economists and analysts forecast Brent crude would … Read more
LOS ANGELES — Get ready for a little bit more pain at the pump this summer.
Crude oil prices are at the highest level in more than three years and expected to climb higher, pushing up gasoline prices along the way.
The U.S. daily national average for …
Canada’s drilling rigs went down by 8 to the current count of 85 actively drilling rigs according to data collected by Baker Hughes for the week of April 27th. From one week ago, Alberta rig counts decreased by 9 to 67 and the Saskatchewan rig count stayed unchanged at 3. Oil drilling went down 5 … Read more
In today’s fiercely competitive, highly regulated and increasingly hazardous environment, energy companies are investing in operational excellence to improve competitive advantage, safety, reliability and profitability. With pressure to increase efficiency in your operations at an all time high, how can you drive operational excellence to the frontline? Where do you start? What’s the benchmark? And … Read more
Engagement. Experience. Activation. These are the words we often hear when attendees describe what they want from events. No longer do people want to simply walk up and down trade show aisles hoping to stumble on the products or services they require. They want to be engaged, not sold to, while at the same time … Read more
The global landscape of the energy industry is transforming before our eyes. A tense political climate continually threatens to disrupt confidence and prices, from the Middle East to China. But with Canadian interests in mind, perhaps the situation closer to home demands keener inspection, with both U.S. and interprovincial relations acting as potential kingmakers when … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary As much as your sales team is full of great people who are client-focused people don’t trust salespeople. Your salespeople may be inadvertently breaking rapport with their prospects and lengthening their sales cycles because the … Read more
VANCOUVER — British Columbia’s court case over the flow of heavy oil through the province could be damaged by the NDP government’s previous positions against the expansion of the Trans Mountain pipeline, says a legal expert.
The provincial government …
Let’s talk about lag. Not the lag you plan for when you’re project sequencing – that would be too easy. We’re talking about the frustrating delays associated with managing remote projects. Does this scenario sound familiar? With a deadline looming, you get a call from one of your foremen to inform you that the current … Read more
Wireless sensor networks are becoming more common in the oilfield than ever before. Adoption of short range wireless networks has been much slower in oil and gas than in other industries, simply because the technology has historically been unreliable. Batteries would not hold up, and the communication link was not reliable enough for real time … Read more
April 29, 2018 BENGHAZI, Libya (Reuters) – A Libyan transport plane crashed shortly after takeoff on Sunday at an airfield near El Sharara oilfield, killing three people, the National Oil Corporation (NOC) said. The military C-130 plane had been chartered by Akakus Oil, which operates Sharara, and had delivered 18 tonnes of catering and maintenance … Read more
April 28, 2018, by Rania El Gamal DUBAI (Reuters) – Saudi Aramco, the world’s top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives. The appointments, … Read more
April 27, 2018, by Kevin Crowlin (Bloomberg) Texas dirt is emerging as Exxon Mobil Corp.’s best bet to arrest production declines that are threatening its position as the world’s most valuable listed oil company. Exxon could become the most active driller in the Texas and New Mexico basin by year’s end, with a plan for … Read more
April 28, 2018 by Elena Mazneva and Dina Khrennikova (Bloomberg) Schlumberger Ltd. won preliminary approval to finally complete a three-year-old plan to buy into Russia’s biggest oil driller. Russia’s special commission on foreign investment approved Schlumberger to buy a blocking stake of 25 percent to 49 percent in Eurasia Drilling Co. Ltd., subject to certain … Read more
April 27, 2018 by Natalie Obiko Pearson (Bloomberg) — Not every major Canadian energy proposal is at a complete standstill….just yet. LNG Canada, the Royal Dutch Shell Plc-led group proposing to build a C$40 billion ($31 billion) liquefied natural gas facility in northern British Columbia, said it has selected its main contractor for the job … Read more
April 27, 2018 by Jessica Summers (Bloomberg) Oil circled around $68 a barrel as traders sifted mixed messages on the Iran nuclear deal. Futures in New York traded in the narrowest range since January this week. Investors were waiting to see whether the nuclear accord that Iran signed with world powers in 2015 will remain. … Read more
OTTAWA — Oilsands projects that use steam to release bitumen from deep underground will likely get a pass from new federal environmental assessment rules — but Ottawa is still considering how to deal with those that use solvents instead of water.
Envi…
(Reuters) – The U.S. oil drilling rig count rose for the fourth week in a row and ended the month sharply higher as producers plan to boost output as they reap profits from crude trading near three-year highs. Drillers added five oil rigs in the week to April 27, bringing the total count to 825, … Read more
VANCOUVER — The international consortium behind plans for a liquefied natural gas terminal on British Columbia’s north coast has awarded the contract to design and build the proposed $40-billion project.
A news release from Texas-based Fluor Corp., sa…
April 27, 2018 Globe Newswire CALGARY, Alberta, April 26, 2018 (GLOBE NEWSWIRE) — Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its financial results for the three and twelve months ended December 31, 2017 including the filing of its 2017 annual audited Financial Statements, Management Discussion and Analysis (“MD&A”), and Forms 51-101F1, … Read more
April 27, 2018 Globe Newswire CALGARY, Alberta, April 26, 2018 (GLOBE NEWSWIRE) — Spartan Energy Corp. (“Spartan” or the “Company”) (TSX:SPE) is pleased to announce that it has obtained an interim order from the Court of Queen’s Bench of Alberta (the “Interim Order“) in connection with the proposed sale of the Company to Vermilion Energy Inc. (“Vermilion”) by … Read more
An evacuation order was lifted early Friday in northwest Wisconsin where a refinery plant explosion injured at least 11 people and sent billowing plumes of black smoke into the air.
Superior Mayor Jim Paine said all indications are that the refinery s…
CALGARY — Imperial Oil Ltd. raised its dividend as it reported its first-quarter profit improved compared with a year ago.
The company said it would pay a dividend of 19 cents in its second quarter, up from an earlier payment to shareholders of 16 cen…
April 27, 2018, by Lorcan Roche Kelly (Bloomberg) Give peace a chance Kim Jong Un became the first North Korean leader to cross the border to the South today in a watershed breakthrough in the nuclear-armed peninsula. They agreed to declare an end to the war this year, and to aim for complete denuclearization. While markets … Read more
April 27, 2018 by Sharon Cho and Grant Smith (Bloomberg) Oil traded near $68 as investors weighed the impact of a potential U.S. pull-out from the Iran nuclear deal and the historic meeting between the leaders of North and South Korea. Futures in New York slipped 0.4 percent, on course for a 0.7 percent drop … Read more
April 27, 2018 by Rupert Rowling and Grant Smith (Bloomberg) While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation. Angola, once Africa’s biggest crude producer, is suffering sharp declines at under-invested offshore fields, with output dropping almost three times as much as the nation pledged in … Read more
EDMONTON — Alberta Premier Rachel Notley says the B.C. government’s attempt to get court backing in a bid to thwart the Trans Mountain pipeline expansion would put Canada in “economic gridlock” if it succeeds.
British Columbia is seeking control over …
CALGARY — TransCanada Corp. reported a better-than-expected first quarter as it earned $734 million, up from $643 million a year ago.
The pipeline company says the profit amounted to 83 cents per share for the quarter ended March 31 compared with 74 c…
April 27, 2018 | Source: TransCanada Corporation Diversified Portfolio of High Quality Assets Continues to Drive Record Performance CALGARY, Alberta, April 27, 2018 (GLOBE NEWSWIRE) — TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for first quarter 2018 of $734 million or $0.83 per share compared to net income of … Read more
April 26, 2018 CNW CALGARY, April 26, 2018 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2018. The unaudited financial statements and management discussion and analysis for the three months ended March 31, 2018, will be available on the System … Read more
April 26, 2018 CNW TSX-V: HME – VANCOUVER, April 26, 2018 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2017. Last year was a transformational year as Hemisphere transitioned from strategic investment to aggressive growth. In September 2017 Hemisphere entered into … Read more
April 26, 2018 CNW CALGARY, April 26, 2018 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) today announced its Keylink NGL gathering pipeline system (“Keylink”) is complete and in service, providing producers with a safe, reliable and economically improved alternative to trucking NGL volumes. Construction of the pipeline system was completed on time and under its budget of $147 million. Keylink … Read more
Today, the Petroleum Services Association of Canada (PSAC) in its Midyear update to the 2018 Canadian Drilling Activity Forecast lowered the forecast for the number of wells drilled (rig released) across Canada for 2018 to 7,400 wells – a drop of 500 or six percent (6%) from the original Forecast of 7,900 made in October … Read more
April 26, 2018 by Josh Wingrove, Andrew Mayeda and Eric Martin (Bloomberg) The U.S. and its Nafta partners are stepping up efforts to reach a tentative deal in the coming days — with one Mexican minister saying a pact is “reasonably close” while the U.S. prepares for talks with China. U.S. Trade Representative Robert Lighthizer … Read more
April 26, 2018 by Kevin Orland (Bloomberg) Canada’s oil sands are getting a taste of their slower-growth future. Husky Energy Inc. on Thursday became the second big oil-sands producer to say that it throttled back first-quarter production in response to steeper discounts for Canadian crude. Those wider differentials stem from Alberta’s dearth of pipelines and … Read more
April 26, 2018 | Source: Husky Energy Inc. CALGARY, Alberta, April 26, 2018 (GLOBE NEWSWIRE) — Local authorities declared the fire at the Husky Energy Superior Refinery out around 6:45 p.m. (CT) on April 26, 2018. Additional fire prevention measures are being taken, and the situation will continue to be closely monitored. All workers at the refinery … Read more
April 26, 2018 by Scott Deveau (Bloomberg) A survey of Crescent Point Energy Corp. shareholders conducted early this year indicates the Canadian oil and gas producer was ripe for an activist before Cation Capital Inc. launched its battle for board seats. Consulting firm Brendan Wood International, which polled the majority of Crescent Point’s institutional shareholders, … Read more
CALGARY — A tank containing crude oil or asphalt exploded at a Wisconsin refinery owned by Calgary-based Husky Energy Inc. on Thursday, injuring several people and causing a blast that one worker described as sounding like a sonic boom.
No fatalities …
The oil and gas industry has been completely reshaped over the past three years. Although the worst of the budget cuts, layoffs and bankruptcies appear to be over, there is a lingering worry about long term commodity prices, market access for Canadian production, and burdensome regulatory environments. A more stable footing for the industry is … Read more
CALGARY — The Petroleum Services Association of Canada is slashing its 2018 drilling forecast to 7,400 oil and gas wells, down from 7,900 it predicted in its last forecast in October, but still ahead of the 7,094 actually drilled in 2017.
The group re…
CALGARY — The federal government says it has finalized regulations that should reduce methane emissions from the oil and gas sector by close to half.
The government says the regulations include flexibilities to reduce costs, while ensuring industry me…
BAGHDAD — A United Arab Emirates energy company and two Chinese firms emerged Thursday as the only winners in Iraq’s rushed bidding round for nearly a dozen hydrocarbon-rich areas.
Only nine companies out of 26 originally prequalified decided to take …
April 25, 2018 by Sheela Tobben and Jessica Summers (Bloomberg) Selling more than two million barrels a day of U.S. crude overseas may soon be the new normal. The U.S. sent out record amounts of crude to foreign destinations last week, with domestic output hitting an all-time high, thanks to growth in the Permian Basin. … Read more
April 25, 2018, by Naureen S. Malik Pipeline owners led by Enbridge Inc. and Williams Cos. could be forced to refund as much as $18.5 billion to drillers, utilities and even United Airlines Inc. for upfront payments they charged customers before new U.S. tax rules cut the corporate rate. Natural gas conduits include the cost … Read more
OTTAWA — Environment Minister Catherine McKenna is floating the idea of a joint Ottawa-B.C. panel of scientists to enhance existing research on oil spills as the federal government continues pressing its case for the Trans Mountain expansion project.
…
April 26, 2018 by Kelly Gilblom (Bloomberg) Royal Dutch Shell Plc rode the surge in oil prices to even greater heights, posting a profit not seen since the days of $100 a barrel. Investors were displeased that the company didn’t take them along for the ride. While French rival Total SA has started disbursing the … Read more
April 26, 2018 by Grant Smith (Bloomberg) Oil advanced as President Donald Trump’s potential exit from the Iran nuclear deal increased concern over Middle East supplies, overshadowing expanding U.S. crude output and stockpiles. Futures gained 0.8 percent in New York after climbing 0.5 percent Wednesday. French President Emmanuel Macron predicted Trump will pull out of … Read more
April 25, 2018 by Kevin Orland (Bloomberg) Alberta’s beleaguered oil industry may get some relief from its persistent shipping bottlenecks in the second half of the year as producers strike deals with rail companies to move more crude. Oil producers and railroads have room to strike deals that will make economic sense for both parties, … Read more
April 26, 2018, by Lorcan Roche Kelly (Bloomberg) Withdrawal French President Emmanuel Macron told journalists yesterday that he thinks President Donald Trump will pull the U.S. out of the Iran nuclear deal “for domestic reasons.” Iranian Foreign Minister Mohammad Javad Zarif told the Associated Press that should the U.S. abandon the agreement, “Iran would reciprocate and withdraw.” … Read more
April 26, 2018 | Source: Precision Drilling Corporation CALGARY, Alberta, April 26, 2018 (GLOBE NEWSWIRE) (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement … Read more
April 26, 2018| Source: Husky Energy Inc. CALGARY, Alberta, April 26, 2018 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) generated funds from operations of $895 million in the first quarter, leading to free cash flow of $218 million. Net earnings were $248 million, up 250 percent compared to $71 million in the same period a year ago. “Despite … Read more
CALGARY — Precision Drilling Corp. says it lost nearly $18.1 million in its first quarter compared with a loss of $22.6 million in the same quarter a year earlier as revenue grew, boosted by its U.S. operations.
Chief executive Kevin Neveu says as a r…
CALGARY — Deep price discounts for western Canadian heavy crude have convinced Husky Energy Inc. to reduce production from its oilsands operations.
But unlike Calgary-based rival Cenovus Energy Inc., which temporarily throttled back oilsands output in…
VICTORIA — Details are expected to be released today about British Columbia’s court case that questions if the province has the power to regulate the flow of oil from the Trans Mountain pipeline expansion.
Premier John Horgan has said a reference case…
April 25, 2018, by David Gaffen (Reuters) – U.S. crude oil and gasoline inventories unexpectedly rose last week even as exports hit record highs, the Energy Information Administration said on Wednesday in an overall bearish report that raised some concerns about oversupply. Crude inventories rose 2.2 million barrels in the week to April 20, compared … Read more
Over 14,000 have already signed the petition! Suzuki Degree is an Insult to Alberta and Canadians Tell University of Alberta Chancellor Douglas Stollery and President and Vice-Chancellor David Turpin that granting David Suzuki an honorary degree is an insult. Tell them it’s an insult not just to a school, but to its alumni, its benefactors, … Read more
OTTAWA — The federal Liberal government found itself taking fire over the stalled Trans Mountain pipeline expansion from opposite flanks Wednesday: accused of helping to finance pipeline protesters on the one hand, and rigging the review system in fav…
Submitted by Alberta MLA Mark Smith Alberta boasts of its sports teams and majestic landscapes but what about entrepreneurs? To that, there is no exception and you don’t have to look long or far before finding some of the most creative and innovative Albertans. In fact, several can be found in the Drayton Valley-Devon Constituency. … Read more
REGINA — The Saskatchewan government is asking the province’s Appeal Court to rule on whether Ottawa can impose a carbon tax but the federal government says it is confident it will prevail.
Saskatchewan wants to know whether Ottawa’s plan to bring in …
GlobeNewswire April 25, 2018 ST. ALBERT, Alberta, April 25, 2018 (GLOBE NEWSWIRE) — Enterprise Group, Inc. (the “Company” or “Enterprise”) (TSX:E), a consolidator of services to the energy sector; focused primarily on specialized equipment rental, announced today that it has further enhanced its proprietary dispatch & asset tracking software now known as “StarChain.” The Company is adding … Read more
April 25, 2018, by Erik Hertzberg Outside of oil and gas, foreign investors haven’t given up on the Canadian economy. That’s the takeaway from detailed industry data released Wednesday by Statistics Canada that showed the sharp slowdown in foreign capital inflows last year was energy-related. The stock of foreign direct investment, including debt, in Canada outside … Read more
April 25, 2018 | Source: Leucrotta Exploration Inc. CALGARY, Alberta, April 25, 2018 (GLOBE NEWSWIRE) — LEUCROTTA EXPLORATION INC. (TSXV:LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three months and year ended December 31, 2017. All dollar figures are Canadian dollars unless otherwise noted. Q4/17 HIGHLIGHTS Increased production 361% to 3,802 boe/d in … Read more
Financial results impacted by hedging and price differentials April 25, 2018 06:00 ET | Source: Cenovus Energy Inc. View of a Cenovus steam-assisted gravity drainage oil sands project in northern Alberta. Cenovus Energy Inc. CALGARY, Alberta, April 25, 2018 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) had continued strong operational performance from its oil sands projects and Deep … Read more
April 25, 2018, by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil steadied amid signs that French President Emmanuel Macron was struggling in his push for a new deal that might prevent further U.S. sanctions on Iran. Futures in New York were little changed after dropping 1.4 percent Tuesday. Macron proposed negotiating a new agreement that … Read more
April 24, 2018, by Jessica Summers and Sheela Tobben (Bloomberg) The Permian shale play is all about setting records. Now, the region may even become the world’s largest oil patch over the next decade. Output in the basin is forecast to reach 3.18 million barrels a day in May, according to the Energy Information Administration. … Read more
April 24, 2018, by Renewable Energy World Editors Wind power is now supplying more than 30 percent of the electricity in four states — Iowa, Kansas, Oklahoma, and South Dakota — according to data recently released in the American Wind Energy Association’s (AWEA) U.S. Wind Industry Annual Market Report 2017. AWEA said that New Mexico added wind … Read more
April 25, 2018, by Lorcan Roche Kelly (Bloomberg) Insouciance French President Emmanuel Macron’s pitch to save the Iran nuclear deal was met with President Donald Trump’s competing foreign policy instincts when the two leaders discussed the issue in Washington yesterday. Macron says he wants to use the current Iran deal as a building block for … Read more
April 24, 2018 BANDA ACEH, Indonesia (Reuters) – A fire erupted at an illegal oil well in Indonesia on Wednesday killing least 18 people and injuring 41 as they scrambled to collect oil after the well overflowed, authorities said. Firefighters struggled all day to put out the blaze in the northwestern province of Aceh and … Read more
CALGARY — Cenovus Energy posted a $914 million net loss from continuing operations in the first quarter, a bigger shortfall than analysts had expected, amid challenging pricing conditions for heavy grades of crude oil as well as natural gas.
The Calga…
Globally, the construction industry is poised to service a predominantly urban population that will reach 9 billion by 2050. Keeping pace with growth and urbanization on this scale means significant increases in output are required from the heavy civil construction industry. Capital project and infrastructure spending is forecast to top $9 trillion globally in the … Read more
May 1-2, 2018 Calgary, AB Learning to interpret information on Piping and Instrumentation Drawings (P&ID) will set you apart from your peers, whether you are an Operator, EIT, Engineer, or Manager In this fundamental course you will learn: ✔ How to interpret P&IDs ✔ How to understand the process flow ✔ The ability to redline errors or omissions … Read more
FOR: MIDWEST ENERGY EMISSIONS CORP.OTCQB Symbol: MEECDate issue: April 25, 2018Time in: 8:30 AM eAttention:
Installation of Proprietary SEA(TM) Technology at Major Canadian
Powerplant in May of 2018
LEWIS CENTER, OH –(Marketwired – April 25, 2018) – …
Tuesday, April 24, 2018 – Colin Craig Just when you thought Canada’s nonsensical world of oil and gas policy couldn’t get any worse, consider this little nugget of lunacy. The federal government is actually funding anti-oil research activists. Yes, your tax dollars at work. If you visit the federal government’s Social … Read more
April 24, 2018 by Eric Martin and Cyntia Barrera Diaz (Bloomberg) President Donald Trump said talks on a revised Nafta are “doing very nicely” as ministers from the U.S., Mexico and Canada meet in Washington to try to push for an agreement by early May. “Nafta as you know is moving along,” Trump said in … Read more
Everyone seems to have an opinion about the millennial generation – positive, negative, or otherwise. Regardless, it is difficult to deny that this blossoming generation grew up in a very different environment than preceding generations. These differences invariably lead to different perspectives, priorities, and practices. As leaders working in the energy sectors, it is imperative … Read more
CALGARY — Enbridge Inc. says it will continue to seek approval for the Line 3 replacement pipeline route it prefers through Minnesota despite a judge’s recommendation Monday that the new pipe be laid on the same route as the existing pipe.
Enbridge sa…
CALGARY — A second institutional investor proxy advisory firm is wading into the fight by a dissident shareholder to elect a slate of four directors to the 10-member board at Crescent Point Energy Corp.
Unlike Institutional Shareholder Services Inc., …
BERLIN — A Vietnamese man charged with involvement in the kidnapping of a former Vietnamese oil executive in Berlin went on trial Tuesday in the German capital. The case has strained diplomatic ties between Berlin and Hanoi.
The 47-year-old, identifie…
April 23, 2018 by Grant Smith and Tracy Alloway (Bloomberg) Goldman Sachs Group Inc. sees oil’s rally the same way as Saudi Arabia: it won’t check the world’s soaring thirst for crude. Oil’s surge to the highest level in more than three years will in fact spur fuel demand as swelling reserves of Middle East … Read more
Apr 24, 2018 by Sharon Cho and Grant Smith (Bloomberg) Oil rose for a third day amid flaring geopolitical tensions in the Middle East and expectations for a decline in U.S. crude stockpiles. Futures in New York climbed as much as 1 percent, set for the highest close since late 2014. A measure of oil … Read more
April 23, 2018, by Jeremy Hodges (Bloomberg) Electric buses were seen as a joke at an industry conference in Belgium seven years ago when the Chinese manufacturer BYD Co. showed an early model. “Everyone was laughing at BYD for making a toy,” recalled Isbrand Ho, the Shenzhen-based company’s managing director in Europe. “And look now. Everyone … Read more
April 24, 2018, by Lorcan Roche Kelly (Bloomberg) Rusal revival The U.S. Treasury made clear yesterday that it is not pushing for the collapse of United Co. Rusal while softening its position on some of the sanctions announced two weeks ago. It extended the period during which companies could keep trading with Rusal by almost five months and … Read more
April 23, 2018, by Olga Yagova and Libby George MOSCOW/LONDON (Reuters) – As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly … Read more
April 23, 2018 Globe Newswire CALGARY, Alberta, April 23, 2018 (GLOBE NEWSWIRE) — PetroShale Inc. (“PetroShale” or the “Company”) (TSX-V:PSH) (OTCQX:PSHIF) is pleased to announce its financial and operating results for the three and twelve month periods ended December 31, 2017, along with updated petroleum reserves as of December 31, 2017. PetroShale will file its audited … Read more
April 24, 2018 | Source: Delphi Energy Corporation photo-release Delphi 2018 Drilling and Completions Delphi 2018 Drilling and Completions Delphi Energy Corporation CALGARY, Alberta, April 24, 2018 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to provide an operations update after completing its planned winter capital program. OPERATIONS UPDATE Delphi has completed its 2018 … Read more
April 24, 2018 | Source: Trinidad Drilling Ltd CALGARY, Alberta, April 24, 2018 (GLOBE NEWSWIRE) — Trinidad Drilling Ltd. (TSX:TDG) (Trinidad) is pleased to announce that Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), two leading independent proxy advisory firms, have recommended that their institutional clients vote in favour of all the resolutions … Read more
April 23, 2018 | Source: PrairieSky Royalty Ltd. CALGARY, Alberta, April 23, 2018 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX:PSK) is pleased to announce its first quarter operating and financial results for the period ended March 31, 2018. PRESIDENT’S MESSAGE First Quarter 2018 Highlights: Total revenues of $67.9 million comprised of royalty production … Read more
Shareholders are reminded to vote their WHITE proxy before Wednesday, May 2, 2018 at 10:00 a.m. (MDT). April 24, 2018 05:55 ET | Source: Crescent Point Energy Corp. CALGARY, Alberta, April 24, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) is pleased to announce that leading independent proxy advisory firm, Glass Lewis … Read more
REGINA — The Saskatchewan government has introduced legislation that would allow the province to control its oil and gas exports, similar to a bill recently tabled in Alberta.
Once passed, the law would establish a permitting process for people or cor…
CALGARY — Lawyers for investors in failed oilfield services firm Poseidon Concepts Corp. say they have reached an agreement with defendants in a proposed class action lawsuit that will boost the potential payout to as much as $36.6 million.
The global…
Three levels of Canadian government say they will oppose the latest attempt to open the Alaska National Wildlife Refuge to oil drilling.
“Canada supports the continued conservation of the Porcupine caribou herd’s habitat, including in the Arctic refug…
MINNEAPOLIS — Minnesota regulators should approve Enbridge Energy’s proposal for replacing its aging Line 3 crude oil pipeline only if it follows the existing route rather than company’s preferred route, an administrative law judge recommended Monday….
CALGARY — Access to international markets is the “fundamental question” confronting the oilsands industry and all parties must work together to find a solution, says the co-founder of oilsands producer MEG Energy Corp.
“There’s lots of talk about it b…
April 23, 2018 Globe Newswire CALGARY, Alberta, April 23, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) is pleased to announce that Tony Berthelet will be joining the Company as President and Chief Executive Officer and will join the Board of Directors effective May 21, 2018. Mr. Berthelet most recently … Read more
April 23, 2018 CNW CALGARY, April 23, 2018 /CNW/ – MEG Energy Corp. (TSX:MEG) (“MEG” or the “Company”) reports that after 19 years, Bill McCaffrey will be retiring from his role as President & Chief Executive Officer as well as from the Board of Directors following the company’s Annual General Meeting on May 31, 2018. … Read more
Cyber attacks are clearly a concern for consumer-oriented businesses, but what is the risk to oil and gas? Should we be concerned? Hell, yes! Cyber threats on the rise Hardly a week goes by without some ominous news story about yet another cyber attack. Yahoo, a search engine company (among other things) had some 3 billion names, email addresses and passwords stolen. Equifax had financial records from 150 million of their customers compromised. Even Uber, a … Read more
April 23, 2018 ABU DHABI (Reuters) – All OPEC and non-OPEC oil producers including Russia are committed to supply cuts until the end of the year, UAE Energy Minister Suhail Mohamed al-Mazrouei said on Monday. “All in all, the fundamentals of the market, the supply and demand, the job is not complete. We need to … Read more
April 22, 2018, by Rod Nickel Nad Julie Gordon WINNIPEG, Manitoba/VANCOUVER (Reuters) – At an Alberta oil loading terminal, a convoy of big rigs are gearing up to haul Canadian crude oil hundreds of miles through bone dry fields across the U.S. border into Montana, where the oil will be transferred to pipelines and rail … Read more
April 23, 2018 by Doug Alexander (Bloomberg) Canada has a permit problem — and it’s hurting the economy. The way National Bank of Canada head Louis Vachon sees it, the economy is splitting into two extremes: There’s the “permit economy,” where resource and manufacturing companies face delays and roadblocks for project approvals. Then there’s the … Read more
April 22, 2018 by Suzy Waite (Bloomberg) Hedge funds investing in oil are luring capital at the fastest pace in more than a year. With crude climbing to levels not seen since 2014, commodity funds have recovered the client outflows they suffered last year. And if firms such as Westbeck Capital Management and Commodities World … Read more
April 23, 2018, by Heesu Lee and Grant Smith (Bloomberg) Oil held near $68 a barrel as increasing drilling in the U.S. countered price gains driven by OPEC’s plans to continue tightening crude inventories. Futures in New York dropped as much as 0.8 percent after data showed American drillers added five working oil rigs last … Read more
April 23, 2018 by Lorcan Roche Kelly (Bloomberg) U.S. hints at trade truce with China, Treasury yields grind higher, and it’s PMI day. Here are some of the things people in markets are talking about today. Peace mission U.S. Treasury Secretary Steven Mnuchin said he’s considering a trip to China, adding he is “cautiously optimistic” a deal … Read more
April 23, 2018, by EnergyNow Staff Video is becoming, or in many cases, has already become the #1 marketing tool that companies use to deliver their message to prospects. It is now at the point that if you ignore video to get your message across you are only hurting your company as many of your … Read more
To download/print this article please click HERE SR&ED: Benefits beyond capital In our first White Paper, we established that E&P companies can take advantage of SR&ED, but what is the size of the prize if such a company is eligible? If capital costs are disallowed, why is the program a major consideration for producing companies … Read more
The Ralston Instruments DCAP 650 psi / 45 bar pneumatic hand pump is the ideal pump for use in pressure calibration and test applications in oil and gas, petrochemical, maritime, pharmaceutical and aerospace industries. Ralston Instruments developed the DCAP pump because existing pumps were hard to pump at high pressure. They developed a pump that … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Picture you and your new client shaking hands over your newly signed agreement. In your mind the sale’s closed, but just like how your prospect’s “yes” is different from your “yes,”the sale might not be closed … Read more
HALIFAX — Federal Environment and Climate Change Minister Catherine McKenna is defending BP Canada’s plans to drill an exploration well roughly 330 kilometres off the coast of Halifax.
On Saturday, the Canada-Nova Scotia Offshore Petroleum Board grant…
April 22, 2018 by Julian Lee (Bloomberg Gadfly) Is this really 2018? It started to sound a lot like 2008 in Saudi Arabia on Friday, as the kingdom’s oil minister argued that the world could tolerate a higher crude price. “I haven’t seen any impact on demand with current prices,” Khalid Al-Falih told reporters at … Read more
HALIFAX — Nova Scotia’s offshore petroleum regulator has granted BP Canada Energy Group approval to begin drilling a well off the province’s coast.
The Aspy D-11 exploration well is the first in BP Canada’s Scotian Basin Exploration Project, which cou…
VANCOUVER — British Columbia Premier John Horgan sang his government’s praises as he addressed the annual convention for members of the Canadian Union of Public Employees.
On the New Democrat record, Horgan listed a number of changes that affected CUP…
April 20, 2018 JEDDAH, Saudi Arabia (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Friday members of the oil producers group were friends of the United States and have a vested interest in its growth and prosperity. Barkindo made his remarks after U.S. President Donald Trump earlier sent a tweet criticizing OPEC over high oil … Read more
(Reuters) – U.S. energy companies added oil rigs for a third week in a row as energy firms follow through on plans to spend more on drilling this year with crude prices near three-year highs. Drillers added five oil rigs in the week to April 20, bringing the total count to 820, the highest level … Read more
Canada’s drilling rigs went down by 9 to the current count of 93 actively drilling rigs according to data collected by Baker Hughes for the week of April 20th. From one week ago, Alberta rig counts decreased by 9 to 76 and the Saskatchewan rig count stayed unchanged at 3. Oil drilling went down 3 … Read more
April 20, 2018 | Source: Crescent Point Energy Corp. CALGARY, Alberta, April 20, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) and (NYSE:CPG) reaffirms its strategic plan and successes prior to its Annual General Meeting (“AGM”) on May 4, 2018. The Company recommends that shareholders vote for its director nominees and … Read more
April 20, 2018 by Kevin Crowley (Bloomberg) Oil rose for a second straight week as OPEC’s commitment to rebalance the market and geopolitical risks to global supplies overshadowed U.S. President Donald Trump’s tweet on “artificially Very High” prices. Trump’s comments came as the Organization of Petroleum Exporting Countries and allies including Russia showed willingness to … Read more
Apr 20, 2018 by Alex Nussbaum (Bloomberg) Rising oil prices are now the latest target in President Donald Trump’s cross-hairs. The nation’s tweeter-in-chief complained Friday about OPEC fueling an “artificially Very High” cost for crude that he said “will not be accepted!” So what’s behind the jump in prices? Market outcomes, like success, can claim … Read more
CALGARY — An international proxy advisory firm is joining a call for change at Crescent Point Energy Corp. by endorsing two of four director nominees put forward by a dissident shareholder.
Institutional Shareholder Services Inc. says in a report that…
April 19, 2018 CNW CALGARY, April 19, 2018 /CNW/ – Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce that it has disposed of its remaining assets located in north eastern British Columbiaeffective April 1, 2018, for nominal consideration. Upon closing of this transaction, Cequence becomes a pure Alberta operating entity with a corporate April, 2018 Alberta Energy Regulatory … Read more
April 19, 2018 CNW (TSX: AAV, NYSE: AAV) – CALGARY, April 19, 2018 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) advises that as previously disclosed in our press release dated March 5, 2018, a production outage was scheduled at our 100% owned Glacier gas plant in April 2018 associated with expanding our plant capacity to 400 mmcf/d and … Read more
April 20, 2018 | Source: Point Loma Resources Ltd CALGARY, Alberta, April 20, 2018 (GLOBE NEWSWIRE) — Point Loma Resources Ltd. (TSX VENTURE:PLX) (the “Corporation” or “Point Loma”) is pleased to report financial and operating results for the three months and year ended December 31, 2017. Highlights of the period and additional updates are summarized below: HIGHLIGHTS … Read more
April 19, 2018 by Sheela Tobben and Jessica Summers (Bloomberg) Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude. While the market benchmark remains West Test Intermediate crude delivered in Cushing, Oklahoma, there has been a surge in … Read more
April 20, 2018 by Alex Longley (Bloomberg) Oil fell in New York after U.S. President Donald Trump criticized OPEC and said crude prices are “artificially Very High.” The comments came as the Organization of Petroleum Exporting Countries and allies including Russia showed willingness to further tighten oil markets and boost prices. “Looks like OPEC is … Read more
April 20, 2018 FRANKFURT (Reuters) – Further oil producers need to join Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in curbing supply, UAE oil minister Suhail Mohamed Al Mazrouei told a German newspaper. “OPEC members and non-OPEC producers over-delivered on the supply cuts they promised… But we must include further countries in … Read more
April 20, 2018, by Elena Mazneva, Grant Smith and Angelina Rascouet (Bloomberg) U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets. “Looks like OPEC is at it again,” Trump said on Twitter, not long after energy ministers finished their meeting in Jeddah, Saudi … Read more
April 20, 2018, by Lorcan Roche Kelly (Bloomberg) 3 percent Inflation worries are stalking global bond markets this week as commodity prices push higher on a combination of U.S. sanctions, trade dust-ups, and continuing tight oil supplies. With the 10-year Treasury yield close to its 2018 high, investors once again have the 3 percent mark in focus. The breakeven rate … Read more
LONDON — Justin Trudeau is heading home from a lengthy, three-country foreign tour in which the prime minister appeared to recapture his international mojo and reassert several key alliances, but didn’t sign off on any big deals or declarations.
When …
April 19, 2018, by David Ljunggren OTTAWA (Reuters) – Canada is still talking to Kinder Morgan Canada Ltd about financial aid for a pipeline, Natural Resources Minister Jim Carr said on Thursday, a day after the company said such help might not be enough. The chairman of parent company Kinder Morgan Inc said the offer … Read more
April 19, 2018 LONDON (Reuters) – Canadian Prime Minister Justin Trudeau said on Thursday a Kinder Morgan oil pipeline at the center of a dispute would be built in a way which best serves the interests of Canadians. Speaking in London, Trudeau said he had asked the finance minister to engage in discussions with Kinder … Read more
EDMONTON — Alberta’s auditor general says a long-term fiscal projection would help the province as it deals with oil price swings and a diminishing non-renewable resource.
In his farewell report, Merwan Saher says enormous oil revenues, such as have b…
Apr 19, 2018 by Liam Denning (Bloomberg Gadfly) If you’re seeking signs of inflation, look no further than the rapid escalation in Saudi Arabia’s oil-price targets. Barely a week after Bloomberg News reported Saudi officials pushing to get oil up to $80 a barrel, some are now talking of $100, according to a report from Reuters. It’s just talk, … Read more
Saturn Oil & Gas Inc. Increases Land Position and Closes Pooling Agreement April 19, 2018 | Source: Saturn Oil + Gas Inc SASKATOON, Saskatchewan, April 19, 2018 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V:SMI) (FSE:SMK) is pleased to announce that the Company was successful bidder on two sections of land in … Read more
April 19, 2018 | Source: Kelt Exploration Ltd CALGARY, Alberta, April 19, 2018 (GLOBE NEWSWIRE) — Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held April 18, 2018 have been fully authorized and approved. A total of 113,455,276 common shares, representing … Read more
New modern gas pumps need a fast Ethernet connection, not only to enable payment terminals but to provide real-time transaction data to fleet maintenance or accounting programs. Many cardlock stops and private fleets have gas tanks that are buried and pumps that are outdated. If you replace the fuel pumps with a more modern system, … Read more
CALGARY — A Supreme Court of Canada ruling on bringing beer from Quebec into New Brunswick has implications for the trade war between Alberta and B.C. over the Trans Mountain pipeline expansion.
Experts say the court seems to be addressing the issue i…
Do you like big numbers? Try these on for size: as of January 2018, there were 2.2 billion active Facebook users on the planet, 800 million Instagram accounts, and 330 million active monthly users on Twitter. LinkedIn, the business and professional equivalent of Facebook, boasted 260 million corporate profiles that same month. Long story short, … Read more
April 19, 2018 by Alex Longley (Bloomberg) Oil rallied above $69 a barrel after a surprise drop in U.S. inventories added to signs the market is in balance before a key OPEC meeting. Futures in New York rose as much as 1.2 percent after gaining 2.9 percent in the previous session. Focus is now shifting … Read more
April 19, 2018 by Lorcan Roche Kelly (Bloomberg) Metals rally, Saudi Arabia’s $80 oil goal within reach, and what’s up with the VIX? Here are some of the things people in markets are talking about today. Metal surgeThe turmoil in metal markets unleashed by U.S. sanctions on Oleg Deripaska’s United Co. Rusal has spread far beyond the aluminum … Read more
OTTAWA — The federal Liberal government hasn’t yet “landed” on its promised legislative option to push the Trans Mountain pipeline expansion forward, says Natural Resources Minister Jim Carr.
Justin Trudeau’s government is “actively pursuing” legislat…
April 18, 2018 Reuters Support in Canada for the expansion of Kinder Morgan Canada Ltd’s contentious Trans Mountain pipeline is rising, according to a poll released on Wednesday, even as British Columbia said it would file a legal challenge by month-end.Two out of three Canadians now say that the government of British Columbia is wrong to … Read more
April 18, 2018 by Theophilos Argitis (Bloomberg) Bank of Canada Governor Stephen Poloz is showing faith in the economy’s ability to prolong its current expansion without fueling inflation, in a decision Wednesday that kept interest rates on hold even as he raised the outlook for growth. The Ottawa-based central bank offered an upbeat assessment of … Read more
April 18, 2018 NEW YORK (Reuters) – Oil futures jumped more than 2 percent on Wednesday on a decline in U.S. crude inventories and after sources signaled top exporter Saudi Arabia wants to see the crude price closer to $100 a barrel. U.S. West Texas Intermediate crude futures gained $1.63 to $68.15, having hit $68.45 … Read more
Numerous letters over the past week have been sent to the University of Alberta stating their opinion about David Suzuki being awarded an Honorary Degree. Here is one of those letters that represents the sentiment expressed. April 18, 2018 Jeff Lawson To: David Turpin, President and vice-chancellor of the University of Alberta David, I understand that … Read more
CALGARY — The CEO of Kinder Morgan says events in recent days have reinforced his concerns about the viability of the Trans Mountain oil pipeline expansion project.
“It’s become clear this particular investment may be untenable for a private party to …
April 18, 2018 (Reuters) – Kinder Morgan Canada Ltd (KML.TO) said on Wednesday that its Trans Mountain oil pipeline expansion project was facing “unquantifiable risk” due to the British Columbia government’s continued opposition and reported a 5.1 percent drop in first-quarter earnings. British Columbia said on Wednesday that it would file a legal challenge in … Read more
VICTORIA — Environment Minister George Heyman says British Columbia will take its Trans Mountain pipeline reference case to court by April 30.
Heyman says the government will file its legal action over the issue of jurisdiction in the pipeline dispute…
CARACAS, Venezuela — In a story sent April 17 about the arrest of two Chevron employees in Venezuela, The Associated Press misstated the title of a former executive who travelled to Caracas last year to meet with President Nicolas Maduro. Ali Moshiri …
April 18, 2018 by Robert Tuttle (Bloomberg) A potential strike by Canadian Pacific Railway Ltd. workers threatens to derail a recovery in Alberta’s beaten-down heavy oil prices. Canadian Pacific said on Friday that a new labor agreement with thousands of train conductors and other workers remains elusive as an April 21 deadline neared for when … Read more
April 18, 2018 by Alex Longley (Bloomberg) Crude rose to highest level since 2014 in New York as the drop in U.S. inventories reported by an industry group helped to sustain a rally spurred by geopolitical risks. Futures in New York rose as much as 2 percent, extending their gain beyond last week’s three-year high. … Read more
April 17, 2018 CNW CALGARY, April 17, 2018 /CNW/ – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) is pleased to announce significant discovery test results for the first Montney horizontal well drilled on the Beg block (the “Well“). This production test provided early flow data and liquids yields, and increases Painted Pony’s confidence in the potential of this … Read more
April 17, 2018 CNW CALGARY, April 17, 2018 /CNW/ – Birchill Canada is pleased to report that its 100% owned shallow-cut gas plant was placed on production this past weekend. The gas plant is located in the Brazeau/Chambers area at 4-13-43-13W5 with current capacity of 45 Mmcf/d; expandable to 100 Mmcf/d. The plant is tied in via meter … Read more
April 18, 2018, by Grant Smith (Bloomberg) OPEC and Russia will meet in Saudi Arabia this week after all but banishing a global oil glut. While looming political crises threaten to tighten supplies further, the group seems determined to keep its cuts in place. Almost 16 months of output curbs by the Organization of Petroleum … Read more
April 17, 2018, by Sebastien Malo NEW YORK (Thomson Reuters Foundation) – Three Colorado communities filed a lawsuit against oil companies on Tuesday, launching the latest legal battle seeking damages for what they claim are the costs of adapting to climate change. The lawsuit, filed in Colorado by the city of Boulder and the counties … Read more
April 18, 2018, by Greg Quinn (Bloomberg) Canadian Prime Minister Justin Trudeau and Alberta Premier Rachel Notley have signaled they could put money behind Kinder Morgan Inc.’s Trans Mountain pipeline expansion as they vow to make sure it gets built. Here are ways they could do it as the company threatens to abandon the C$7.4 … Read more
April 18, 2018, by Lorcan Roche Kelly (Bloomberg) North Korea CIA Director Mike Pompeo traveled to North Korea a few weeks ago to meet Kim Jong Un in preparation for a possible summit with President Donald Trump, according to two people familiar with the matter. The visit is seen as a strong indication that a meeting … Read more
April 18, 2018 06:30 ET | Source: Pengrowth Energy Corporation CALGARY, Alberta, April 18, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announces that after careful consideration and in contemplation of the previous delisting notices received by Pengrowth from the New York Stock Exchange (NYSE), the Board of Directors of Pengrowth has decided not to take any … Read more
Since the launch of the Global Petroleum Show Awards in 2014, the program has shined a spotlight on technological advancements and environmental initiatives in the energy industry on a global stage at the annual conference and exhibition. Through one of the most impactful oil price downturns in history, the program continued to celebrate the successes … Read more
VICTORIA — British Columbia’s attorney general says Alberta’s proposed fuel restriction law is a politically motivated “bluff” that will result in an immediate lawsuit from his province and likely lawsuits from oil companies.
David Eby said government…
WASHINGTON — A top White House adviser for energy and environmental policy is resigning.
Michael Catanzaro will be returning to CGCN Group, the law and lobbying firm where he previously worked.
Catanzaro had headed domestic energy issues for the White…
CALGARY — Economic damage will extend far beyond the fuel budgets of British Columbia residents if Alberta successfully enacts a bill allowing it to restrict oil and gas exports, observers say.
The Bill 12 legislation and the trade war escalation it m…
Calgary, AB // April 17, 2018. Over 250 Operations leaders will gather in Calgary at the Operational Excellence in Energy, Chemicals & Resources Summit this June 4-6. Senior executives from Irving Oil, Enbridge, Energy Safety Canada, Toronto Hydro, SaskPower, Suncor, BP, Shell, Veolia and many more will share their expertise and give an inside look … Read more
EDMONTON — Premier Scott Moe says Saskatchewan will join Alberta in a fight with B.C. over the Trans Mountain pipeline expansion by introducing its own legislation on oil exports.
Moe says his government will bring in a bill in the coming days that co…
TRAVERSE CITY, Mich. — A tugboat anchor struck underwater oil and electrical lines and caused an insulation fluid spill in the waterway connecting Lake Michigan and Lake Huron earlier this month, Michigan’s attorney general said Tuesday.
Bill Schuette…
April 17, 2018 (Reuters) – Scientists in Britain and the United States say they have engineered a plastic-eating enzyme that could in future help in the fight against pollution. The enzyme is able to digest polyethylene terephthalate, or PET – a form of plastic patented in the 1940s and now used in millions of tonnes … Read more
April 17, 2018 Globe Newswire CALGARY, Alberta, April 16, 2018 (GLOBE NEWSWIRE) — Clearview Resources Ltd. (“Clearview”) is pleased to announce that it has completed the acquisition of Bashaw Oil Corp. (“Bashaw”) by way of an amalgamation of Bashaw with a newly incorporated subsidiary of Clearview (proposed acquisition was previously announced March 28, 2018). Pursuant to … Read more
April 17, 2018, by Lorcan Roche Kelly (Bloomberg) China trade Authorities in China said they will remove ownership caps on the auto industry, reversing a two-decade old policy that will pave the way for foreign control of more than 50 percent of its manufacturers. Shares in German carmakers jumped on the news. Electric-car developer Tesla Inc. is positioned … Read more
April 17, 2018 When Kinder Morgan announced on Apr. 8 that it was suspending all non-essential spending on the Trans Mountain pipeline expansion, Alberta Premier Rachel Notley immediately floated the idea of the Alberta government buying an equity stake in the pipeline. Even her political opponent, United Conservative Party leader Jason Kenney, agreed, arguing that a “market failure” justified … Read more
April 17, 2018 by Greg Quinn (Bloomberg) Canadians urged Prime Minister Justin Trudeau to concede on a U.S. demand in Nafta negotiations around investor disputes, while holding firm on calls for more environmental and labor protection. The most frequent advice the government heard in public consultations before North American Free Trade Agreement talks opened in … Read more
April 17, 2018 by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil steadied after the biggest loss in more than a week as OPEC’s hints at extending output cuts fanned optimism and investors anticipated a drop in U.S. stockpiles. Futures in New York were little changed after losing 1.7 percent on Monday. Kuwait said the Organization … Read more
CALGARY — Oil shippers are reacting with trepidation to legislation the Alberta New Democrats introduced Monday that would give the government power to restrict energy exports from the province.
Canadian Energy Pipeline Association president Chris Blo…
EDMONTON — The Alberta government has introduced legislation that would give the energy minister power to restrict the flow of oil, gasoline and natural gas leaving the province.
Once passed, Marg McCuaig-Boyd would be able to direct truckers, pipelin…
VANCOUVER — Several First Nations and the cities of Vancouver and Burnaby have joined together to redouble their opposition to the expansion of the Trans Mountain pipeline.
Burnaby Mayor Derek Corrigan says the expansion project “short circuits” the l…
April 16, 2018 Reuters NEW YORK (Reuters) – U.S. shale oil production is expected to increase in May for the fourth consecutive month, U.S. Energy Information Administration data showed on Monday, boosted by record production in the prolific Permian Basin of West Texas and New Mexico. Total oil output is set to rise by 125,000 barrels … Read more
April 16, 2018 Reuters VANCOUVER (Reuters) – Alberta officials will introduce legislation on Monday expected to give the provincial government power to cut oil shipments to neighboring British Columbia in an escalation of a row over the stalled expansion of a Kinder Morgan Canada pipeline, which the Pacific province opposes. The Trans Mountain expansion issue has … Read more
April 16, 2018, by Greg Quinn, Josh Wingrove and Natalie Obiko Pearson (Bloomberg) Prime Minister Justin Trudeau plans to start talks with Kinder Morgan Inc. to backstop the Trans Mountain pipeline after failing to end a spat between Canadian provinces that put the vital project at risk. “We are going to get the pipeline built. It … Read more
VANCOUVER — British Columbia’s Prosecution Service is considering criminal charges against dozens of people arrested for protesting Kinder Morgan’s Trans Mountain pipeline expansion.
But it will be up to a pair of newly appointed special prosecutors t…
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CALGARY — Crews are cleaning up after an oil and saltwater leak from a pipeline owned by Paramount Resources Ltd. was discovered near Zama City in the far northwest corner of Alberta last week.
About 100,000 litres of oil and 190,000 litres of salty p…
OTTAWA — The British Columbia government is denying Prime Minister Justin Trudeau’s claim that it has been mum on how Ottawa should reinforce environmental protections — and offering as proof a detailed list of six demands it says were provided to the…
Canada’s drilling rigs went down by 9 to the current count of 102 actively drilling rigs according to data collected by Baker Hughes for the week of April 13th. From one week ago, Alberta rig counts decreased by 7 to 85 and the Saskatchewan rig count stayed unchanged at 3. Oil drilling went down 7 … Read more
April 16, 2018 CNW CALGARY, April 16, 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 Spartan Energy Corp. (“Spartan”), a publicly traded southeast Saskatchewan oil and gas producer, with annual production of approximately 23,000 boe/d (91% oil). Total … Read more
April 16, 2018 CALGARY, April 16, 2018 /CNW/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) reports today that McDaniel & Associates Consultants Ltd (“McDaniel”) and Sproule Associated Limited (“Sproule”), qualified independent reserves evaluators in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook, have completed their independent reserves … Read more
April 16, 2018 by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil retreated from its highest close in three years in New York as Middle East tensions abated on speculation that U.S.-led military intervention in Syria won’t go beyond the weekend’s missile strikes. Futures slipped as much as 1.9 percent in New York. President Donald Trump … Read more
April 16, 2018 by Kevin Orland (Bloomberg) In the boardroom at his former merchant bank office in Calgary, Sonny Mottahed is taking down a black-and-white photo of the wooden derricks over Spindletop, the historic crude find that started the Texas oil boom. In its place, he’s hanging a photo of the “HOLLYWOOD” sign vandalized to … Read more
April 15, 2018, by David Ljunggren OTTAWA, April 15 (Reuters) – Canada’s government got just 24 hours notice that it would be thrust into a political and economic crisis by an ultimatum from a pipeline operator, government sources said, leaving Prime Minister Justin Trudeau scrambling for options in a dispute that could damage his re-election … Read more
April 16, 2018, by Lorcan Roche Kelly (Bloomberg) Mission accomplished The weekend’s missile strikes on Syria by the U.S., France and the U.K. have hampered that country’s ability to use chemical weapons, according to the Pentagon. While the short-term military goal may have been met, the geopolitical fallout is likely to be less cut and dry. … Read more
April 13, 2018 | Source: Marksmen Energy CALGARY, Alberta, April 13, 2018 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSXV:MAH) (OTCQB:MKSEF) announces that it has completed the first closing of its previously announced non-brokered private placement. The Company issued 2,026,981 units (the “Units”) of Marksmen at a price of $0.21 per Unit for aggregate gross proceeds of … Read more
CALGARY — Vermilion Energy Inc. has signed a deal to acquire Spartan Energy Corp.
Under the agreement, investors will receive 0.1476 of a Vermilion share for each Spartan share they hold.
The offer implies a value of $6.50 per Spartan share, based on …
When performance matters most, Brady Corporation delivers the expertise, quality and reliability companies need to ensure workplace safety. Since its 1914 beginnings, Brady Corporation (Brady) has been dedicated to developing and providing services that identify and protect products, premises, and people. The corporation was founded by Bill Brady Sr. and is based in Milwaukee, Wisconsin. Now … Read more
HydroFlow App Auto-Notifies Pipeline Operators of Abnormal Stream Flow Conditions April 11, 2018 (Calgary, Alberta): Cenozon Inc., a leading supplier of comprehensive oil and gas software solutions, announced the release of HydroFlow in anticipation of elevated seasonal water flow levels associated with Spring. HydroFlow is a software application that monitors and automatically notifies pipeline operators … Read more
F.S.Eng. TUV Rheinland Process Hazards and Risk Analysis Certification April 23-26, 2018 Why is this course for you ? You want to make the world a safer place. You value your team members and their safety. You worry about the environment and its protection. You want to know where risk lies at your facility. You … Read more
Learn what it takes to expand your career in Engineering. The UBC Master of Engineering Leadership (MEL) web series is designed to give you an insight into the objectives, outcomes and structure of its core programs. Chat live with the Directors of the programs and current students about the challenges and rewards associated with studying … Read more
OTTAWA — Prime Minister Justin Trudeau is putting taxpayer money where his government’s mouth is, promising to deploy both financial and legislative tools to ensure the disputed Trans Mountain pipeline expansion between Alberta and British Columbia is…
April 13, 2018 by Eric Martin (Bloomberg) The Trump administration has stuck to five to six of its most controversial demands for changes to Nafta and needs to show flexibility in order to reach a final deal, according to the top representative for Mexico’s private sector. The U.S. has yet to present a proposal for … Read more
CALGARY — After nearly a decade since the last major oil pipeline was built, and with existing ones brimming with crude, Canada’s energy industry is wondering when and if any new lifelines to foreign markets will go into the ground.
Those concerns wer…
TORONTO — Ecuadorian villagers are set this week to try again to hold Chevron Canada legally liable for a huge award against the oil company’s U.S.-based parent for what they say are the serious health effects they suffered from devastating environmen…
LIMA, Peru — Prime Minister Justin Trudeau will return to Ottawa on Sunday following a three-day trip to Peru hoping to calm tempers and find a peaceful resolution to the Trans Mountain pipeline crisis that has pitted Alberta and B.C. against each oth…
VICTORIA — British Columbia’s government has issued a progress report on permits for the Trans Mountain pipeline expansion, just as Premier John Horgan readies to travel to Ottawa for a meeting on the controversial project.
The Energy, Mines and Petro…
CALGARY — The National Energy Board says Canadian oil exports rose by 6.5 per cent last year to 3.3 million barrels per day despite an increase in light shale oil production in the United States, Canada’s biggest customer and competitor.
The federal r…
OTTAWA — Canada is considering several ways to reduce the financial risk for Kinder Morgan investors spooked by the uncertainty plaguing the planned Trans Mountain pipeline expansion, Natural Resources Minister Jim Carr said Friday as a high-level, ma…
April 13, 2018 by Jessica Summers (Bloomberg) Crude posted its largest weekly gain since July as geopolitical tensions threatened to accelerate the tightening of global supplies. Futures rallied for a fifth day to the highest since 2014 in New York on Friday. The U.S. benchmark crude ended the week up 8.6 percent amid simmering disputes … Read more
April 13, 2018 AM Reuters U.S. energy companies added oil rigs for a second week in a row as energy firms follow through on plans to spend more on drilling this year with crude prices at three-year highs.Drillers added seven oil rigs in the week to April 13,bringing the total count to 815, the highest level since … Read more
CALGARY — Crescent Point Energy Corp. is doubling down in its battle with an activist investor, criticizing the company, its leader and even the ages of two of the four directors it has nominated for election at the annual general meeting next month.
…
April 13, 2018 | Source: Doull Site Assessments Ltd. CALGARY, Alberta, April 13, 2018 (GLOBE NEWSWIRE) — Doull Site Assessments Ltd. (DSA), a well integrity service and technology provider to the Canadian oil and gas industry, along with Capstone Oilfield Services Ltd. (Capstone), a well abandonment and blowout recovery company serving the Canadian energy sector, today … Read more
April 12, 2018 CNW CALGARY, April 12, 2018 /CNW/ – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQX”) is pleased to report it’s financial and operating results for the year ended December 31, 2017 and provide an operational update for the first quarter of 2018. Marquee’s audited annual Financial Statements as well as the corresponding Management’s Discussion and Analysis for … Read more
April 13, 2018 Globe Newswire CALGARY, Alberta, April 13, 2018 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV:RZE) (www.razor-energy.com) is pleased to announce its fourth quarter 2017 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s audited consolidated financial statements and management’s … Read more
April 12, 2018 19:39 ET | Source: Cordy Oilfield Services Inc. CALGARY, Alberta, April 12, 2018 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (TSX-V:CKK) released today its fourth quarter and 2017 annual results. Three months ended December 31 Twelve months ended December 31 ($ 000’s) 2017 2016 ($) Change 2017 2016 ($) Change Revenue … Read more
April 12, 2018 19:11 ET | Source: Crescent Point Energy Corp. CALGARY, Alberta, April 12, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) announced today that it has filed a letter to shareholders addressing Cation Capital Inc.’s (“Cation”) nomination of four individuals to stand for election to Crescent Point’s Board of Directors … Read more
April 13, 2018 by Grant Smith (Bloomberg) Oil headed for the biggest weekly advance since July as concern over possible disruption to supply lends weight to signs of a dwindling glut. Futures gained more than 8 percent this week in New York, buoyed by political tensions over Syria as U.S. President Donald Trump met with … Read more
April 12, 2018, by John Kemp LONDON (Reuters) – OPEC appears to be reformulating its target in terms of upstream investment rather than oil inventories, according to an analysis of recent statements made by ministers from member countries. “There is no such thing as a target price by Saudi Arabia,” the kingdom’s energy minister, Khalid … Read more
April 13, 2018, by Dmitry Zhdannikov LONDON (Reuters) – OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency said on Friday, signaling that the markets could become too tight if supply remains restrained. The IEA, which coordinates the energy policies of industrialized … Read more
April 13, 2018, by Cecile Gutscher (Bloomberg) Making nice President Donald Trump now wants trade deals, not war. He asked his aides to explore rejoining an Asia-Pacific trade pact he withdrew from shortly after taking office and said the U.S. and China ultimately may end up levying no new tariffs on each other – just a week after threatening them … Read more
CALGARY — Canada’s oil industry is expected to be back in the black this year thanks to higher oil prices and more production after registering three years of losses.
But the Conference Board of Canada says the recovery will be modest and ongoing pipe…
Researcher Vivian Krause says that foreign organizations are funding Canadian oil sands opposition, including pipeline development, so that the U.S. can achieve its own energy security. But that goal, she says, cannot be reached without a lock on Canadian oil. She connects the dots on this BNN interview. Watch it HERE BNN- Vivian Krause … Read more
April 12, 2018 by Robert Tuttle (Bloomberg) Oil settled at the highest in more than three years on concern that escalating tensions in the Middle East could lead to conflict and disrupt supplies that are already being reduced by OPEC output cuts. Futures in New York extended gains above $67 a barrel, having climbed 2 … Read more
VICTORIA — British Columbia Environment Minister George Heyman says he doesn’t expect the province to back down on its battle against the Trans Mountain pipeline expansion during a meeting Sunday with the prime minister and Alberta’s premier. Heyman says the government is trying to defend the B.C. coast, its environment and jobs from the potentially disastrous … Read more
EDMONTON — Alberta Premier Rachel Notley says she will attend a meeting about the Trans Mountain pipeline in good faith and with an open mind, but the bottom line is the expansion project must get built without delay.
Notley also says she will bring …
CALGARY — Trinidad Drilling Ltd. says it has struck a deal to sell its three drilling rigs in Saudi Arabia for about $114 million instead of moving them to the United States as it announced earlier this year.
The Calgary-based drilling company says it…
Hear from Global Energy Business LeadersThere’s a new technological kid on the block, literally. But what does it mean for the energy industry? Keep reading for a preview of some of the invaluable information that will be discussed at this year’s Global Petroleum Show. The energy industry is recognizing the disruptive potential that blockchain holds. We sat … Read more
OTTAWA — The federal government needs more face time with the main players in the Trans Mountain pipeline impasse to push the controversial expansion project forward, says Finance Minister Bill Morneau — a sentiment his boss obliged in dramatic fashio…
April 12, 2018 by Grant Smith (Bloomberg) Oil steadied after jumping to the highest in more than three years on concern that escalating tensions in the Middle East could lead to conflict and disrupted supplies. Futures in New York remained above $66 a barrel, having climbed 2 percent on Wednesday to the highest since December … Read more
April 12, 2018, by Annmarie Hordern, Sharon Cho and Serene Cheong (Bloomberg) In the oil market, missiles over the Middle East are currently trumping just about everything else. Geopolitical tensions are affecting prices now and will lift crude higher if they persist, Fatih Birol, the executive director of the International Energy Agency, said in an … Read more
April 12, 2018, by Sid Verma (Bloomberg) D.C. drama President Donald Trump is taking an increasingly combative posture toward Special Counsel Robert Mueller’s ongoing Russia probe after FBI agents raided the home of his lawyer Michael Cohen on Monday. Trump discussed firing Deputy Attorney General Rod Rosenstein with White House aides on Wednesday, a person familiar with … Read more
April 12, 2018, by Ahmad Ghaddar LONDON (Reuters) – OPEC on Thursday revised its forecast for supply growth from its rivals for 2018 by nearly three times more than its revised projection of growth in global oil demand. It said growth in non-OPEC oil supply was forecast to rise by a further 80,000 barrels per … Read more
April 11, 2018, by David Ljunggren and Julie Gordon OTTAWA/VANCOUVER (Reuters) – Canadian Prime Minister Justin Trudeau is set to pile pressure on British Columbia’s provincial government to drop its resistance to a pipeline project, but will try to avoid tougher measures that might alienate voters who helped his Liberals win power, a source close … Read more
April 11, 2018 Globe Newswire CALGARY, Alberta, April 11, 2018 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX:TEI) today provides an update to its Normal Course Issuer Bid (the “Bid”) previously announced on May 18, 2017. Effective April 11, 2018, Canaccord Genuity Corp. will be replacing National Bank Financial Inc. as the … Read more
As the oil and gas industry slowly explores artificial intelligence (AI) solutions, it will have to confront critical management issuesthat hinder faster and more impactful adoption. The Industry is Curious About AI I’ve been invited (again) by COSIA (Canada’s Oil Sands Innovation Alliance), to participate in a panel discussion on the role of AI in oil and gas. The first instance was in October of 2017, at COSIA’s annual associate member meeting, a gathering of the … Read more
One of the great things about being an investor is unearthing something that, while logical, is unexpected: But could be a nifty value add to shareholders. Such an example is Enterprise Group’s (E: TSX) proprietary asset tracking software ‘STAR’; critical to maximum use of equipment and most importantly, getting it back. Experienced investors will note … Read more
by Aaron Wudrick, Federal Director Canada’s Ecofiscal Commission released a report on carbon pricing last week along with survey results from polling firm Abacus Data gauging Canadians’ support for fighting climate change. The results were not earth shattering. Most Canadians believe climate change is real and caused by human activity. Most think governments should take … Read more
It is Time for Action. A foreign financed vocal minority has stalled the twinning of an existing pipeline that has operated since 1953 without catastrophe and has been declared as being “In the National Interest” by the Federal Government. This project has the support of more than 40 First Nations and would add over … Read more
Please Donate to Help Humboldt First Responders Words cannot express the magnitude of what has happened in Humboldt, Saskatchewan. It is unimaginable to think of what the First Responders confronted and its imperative that we are there for them in their time of need. EnergyNow.ca would like to make our subscribers aware of the tema.ca website. Tema … Read more
Edmonton, Alberta April 25 & 26, 2018 EDMONTON EXPO CENTRE HALLS F & G The International Society of Automation (ISA) Edmonton Section Automation Expo & Conference (AEC) is the place-to-be for everything automation! AEC is one of North America’s largest automation events and happens bi-annually in Edmonton, Alberta, Canada. We welcome automation, instrumentation and … Read more
TORONTO — Alberta Premier Rachel Notley says the federal government has convinced her that “something specific” will be announced in the near future to try to break the impasse over the Trans Mountain pipeline.
Notley made the comments after a meeting…
Are you an excellent communicator? Do you enjoy working with people? Do you have an interest in negotiations? If so, a career as a Land Agent may be an excellent option for you. As a Land Agent you will work with industry, government, regulators, landowners and stakeholders to arrive at mutually beneficial solutions to the … Read more
April 11, 2018, by Alex Lawler and Nidhi Verma NEW DELHI (Reuters) – OPEC oil producers and their partners are trying to work out a structure for their proposed long-term agreement on oil supplies, the energy minister for the United Arab Emirates said on Wednesday. Suhail al-Mazroui also told Reuters on the sidelines of the … Read more
April 11, 2018, by David Gaffen (Reuters) – U.S. crude stocks rose unexpectedly last week as imports jumped and production increased to another weekly record, the Energy Information Administration said on Wednesday. Crude inventories rose by 3.3 million barrels in the week ended April 6, compared with analysts’ expectations for a decrease of 189,000 barrels. … Read more
April 11, 2018 OTTAWA – The Trudeau government held an emergency cabinet meeting Tuesday aimed at salvaging the Trans Mountain pipeline expansion but did not come up with plan — at least not one ministers are prepared to talk about yet. Hours earlier, Alberta Premier Rachel Notley upped the ante, saying Alberta is not only … Read more
OTTAWA — Alberta Premier Rachel Notley says Ottawa has promised specific action to try to break the impasse over the Trans Mountain pipeline, but federal Finance Minister Bill Morneau won’t say exactly what measures are on the table.
The two leaders m…
LOS ANGELES — Oil and gas companies drilling in state waters off Southern California violated regulations nearly 400 times in the past three years, according to a report being released Wednesday by an environmental group.
Records compiled by the Cente…
Easy-to-Use Multi-tool Increases Wire Labeling Efficiency MILWAUKEE, Wis. (April 10, 2018) — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced today the release of the new QuickSleeve Handheld Sleeve Applicator . The intuitive handheld device is designed for the fast application of sleeves on to wires. This multi-tool … Read more
April 10, 2018 Thousands of people gathered outside the Alberta government’s McDougall Centre’s grounds in downtown Calgary on Tuesday afternoon to voice their support for oil pipelines as the future of a major federaly approved project hangs in the balance. The crowd was very boisterous in calling for both Ottawa and Alberta’s NDP government to … Read more
April 11, 2018 CNW TSX-Venture Exchange: RRL – CALGARY, April 11, 2018 /CNW/ – Relentless Resources Ltd. (“Relentless” or the “Company“) is pleased to announce the appointment of four new officers of the Company. Effective as of April 11, 2018, Relentless appointed Stanley J. Swiatek as Chief Executive Officer, Craig Kolochuk as President, Jeff Swainson as Chief Financial Officer and Tara Johnson-Ouellette as Vice President, Compliance and Regulatory Affairs. Mr. Swiatek … Read more
April 11, 2018 by Grant Smith (Bloomberg) Oil surged to a two-week high in New York as President Donald Trump told Russia in a tweet to “get ready” for U.S. missiles to be fired at Syria. Futures in New York rose as much as 1.3 percent after climbing the most in eight months on Tuesday. … Read more
April 10, 2018 by Robert Tuttle (Bloomberg) If Kinder Morgan Canada Ltd. decides to shelve its now-stalled Trans Mountain pipeline expansion project, oil sands producers will have to get creative about moving their crude. The line would open up 590,000 barrels a day of new capacity to Vancouver. Without it, producers are left with two … Read more
April 10, 2018, by Florence Tan and Alex Lawler NEW DELHI (Reuters) – The future supply situation for a number of energy resources is not reassuring, particularly for crude oil, Saudi Arabia’s Oil Minister Khalid Al Falih said on Wednesday. Investments in oil are not keeping pace with the demand for fuel, said Falih, in … Read more
April 11, 2018, by Florence Tan NEW DELHI (Reuters) – Global oil supply remains a concern amid OPEC and Russian-led output reductions, with production falling from mature oilfields while demand growth remains strong, the International Energy Agency’s Executive Director Fatih Birol said on Wednesday. This was despite forecasts of rising oil output from non-OPEC producers, … Read more
April 11, 2018, by Lorcan Roche Kelly (Bloomberg) Tensions move Just as risks fade that a global trade war will break out, concerns rise over a possible U.S. strike on Syria. President Donald Trump praised Xi Jinping’s “kind words” following the Chinese leader’s reaffirmed pledge to continue to open the country’s banking and manufacturing sectors in a speech … Read more
April 10, 2018 Reuters The Canadian heavy oil discountnarrowed against the West Texas Intermediate (WTI) benchmark onTuesday, as capacity cuts continued to fuel demand for cheaperCanadian crude and various levels of government pledgedfinancial support for a troubled pipeline expansion.* Western Canada Select (WCS) heavy blend crude for Maydelivery in Hardisty, Alberta, settled at $15.45 a barrel … Read more
April 10, 2018 Reuters Saskatchewan, home to major potash and uranium reserves, said on Tuesday it would run a smaller deficit in the current fiscal year and balance its books in 2019-20 as it keeps a tight lid on spending despite projected higher commodity prices.Saskatchewan, which has endured a slump in its resource revenues in recent … Read more
April 10, 2018, by Julie Gordon and David Ljunggren VANCOUVER/OTTAWA (Reuters) – Alberta on Tuesday doubled down on its pledge to financially support a troubled pipeline expansion, saying the province could buy the project outright from Kinder Morgan Canada Ltd as Canada’s federal government reiterated it was “100 percent” behind the build. Texas-based Kinder Morgan … Read more
April 10, 2018 Reuters Kinder Morgan CEO Steve Kean Kinder Morgan Canada shareholders on Tuesday backed the pipeline operator’s decision to pause most work on its Trans Mountain expansion as away to force the Canadian government to give final approval for the project.The company said on Sunday it would scrap plans to nearly triple the capacity … Read more
April 10, 2018 | Source: Raise Production Inc. CALGARY, Alberta, April 10, 2018 (GLOBE NEWSWIRE) — Raise Production Inc. (TSX-V:RPC) (“Raise” or the “Company”) is pleased to provide an update to its shareholders on recent activities related to its High Angle Lift Solution (“HALS”). The Company is pleased to inform shareholders that it has received the contract … Read more
VICTORIA — Premier John Horgan says he’s concerned and surprised that Alberta’s latest move in an escalating pipeline feud is legislation that could drive up British Columbia’s already sky-high gas prices.
Alberta’s New Democrat government served noti…
EDMONTON — Alberta Premier Rachel Notley says the province will buy the Trans Mountain oil pipeline project if that’s what it takes to get it built.
“We are considering a number of financial options to ensure that the Trans Mountain expansion is built…
April 10, 2018, by David Ljunggren OTTAWA (Reuters) – Prime Minister Justin Trudeau will meet on Tuesday with his cabinet ministers to discuss Kinder Morgan Canada Ltd’s (KML.TO) threat to walk away from a troubled pipeline expansion as various levels of government signal interest in spending public funds to ensure the project proceeds. The company, … Read more
CALGARY — The potential cancellation of the Trans Mountain pipeline expansion is putting a spotlight on oilpatch innovations that might mitigate the need for export capacity as oilsands production rises.
But even the most ardent supporters of the new …
OTTAWA — Pressure is mounting on the federal government to use money or the Constitution to back up its claims that the Trans Mountain pipeline expansion project will be built, no matter what. Prime Minister Justin Trudeau’s cabinet is in Ottawa today for an emergency meeting following news that Kinder Morgan is suspending all non-essential spending … Read more
April 10, 2018 CNW CALGARY, April 10, 2018 /CNW/ – Canada has a strong refining industry but processes only a fraction of its own crude oil production, according to the National Energy Board’s (NEB) inaugural Canadian Refinery Overview – Energy Market Assessment report. The refinery overview states that only 30 per cent of Canadian crude oil is processed by Canadian … Read more
TORONTO — The chief executive of one of Canada’s largest banks is adding his voice to the chorus of concern over the fate of Kinder Morgan Canada Ltd.’s Trans Mountain pipeline expansion project, warning that the country could lose its competitive edg…
CALGARY, Canada – April 9, 2018: VEERUM, a Canadian startup tackling a global, epidemic problem that sees $1.6 trillion wasted every year through capital project cost and schedule overruns, today announced closure of a seed round led by Brick & Mortar Ventures. Additional funds will come from Blackhorn Ventures, Creative Ventures and strategic investors from … Read more
Calgary, Alberta (April 10, 2018) – The Petroleum Services Association of Canada (PSAC) is deeply concerned for the future of investment in Canada when a provincial government can purposely interfere and delay a federally approved project that has been deemed in the national interest. “Have we reached the point where we cannot say we are … Read more
April 9, 2018 The Canadian Press EDMONTON – Alberta Premier Rachel Notley says British Columbia’s opposition to the Trans Mountain pipeline threatens the rule of law in Canada and says she made it clear in a phone call to B.C. Premier John Horgan that her province is retaliating. Notley says they had what she called a … Read more
April 09, 2018 | Source: Strategic Oil & Gas Ltd CALGARY, Alberta, April 09, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) is pleased to announce that it has updated its corporate presentation, available on its website at www.sogoil.com. The Company is attending and presenting at the Scotiabank CAPP Energy Symposium in Toronto … Read more
April 10, 2018, by Lorcan Roche Kelly (Bloomberg) Xi plays it soft Chinese President Xi Jinping’s landmark economic speech came as a relief to investors as he sought to move away from confrontation with the United States, saying dialogue is the way to resolve disputes. Xi pledged a “new phase of opening up” the Chinese … Read more
April 9, 2018 OTTAWA (Reuters) – Canada’s Liberal government is under pressure to push through the expansion of Kinder Morgan Canada Ltd’s Trans Mountain pipeline from the Alberta oil sands to the Pacific province of British Columbia. But the company said it would scrap plans to nearly triple the Trans Mountain pipeline’s capacity unless various … Read more
April 10, 2018 by Sharon Cho and Heesu Lee (Bloomberg) Oil advanced above $64 a barrel after Chinese President Xi Jinping’s conciliatory tone in a closely watched speech raised hopes that U.S.-China trade tensions may ease, lifting risk assets around the world. Futures in New York erased earlier losses to rise as much as 1.5 … Read more
April 10, 2018 by Javier Blas (Bloomberg) Saudi Arabia wants to get oil prices near $80 a barrel to pay for the government’s crowded policy agenda and support the valuation of state energy giant Aramco before an initial public offering. In conversations with OPEC delegates and oil market participants, Saudi officials had been careful to … Read more
VANCOUVER — Protesters who have loudly voiced their opposition to the Trans Mountain pipeline expansion are taking credit for Kinder Morgan Canada’s decision to pause work on the controversial project.
“Every day the protests continue, it gets harder …
Apr 9, 2018 by Michael Bellusci (Bloomberg) Despite reassurances from Canadian Prime Minister Justin Trudeau, Kinder Morgan Canada Ltd.’s decision to suspend most work on its Trans Mountain Expansion Project signals a “total loss of confidence” in Canada’s investment climate, according to Ninepoint Partners senior portfolio manager Eric Nuttall. “The time for studies, selfies, and … Read more
Since 1985, the Oil Sand Trade Show and Conference has been a forerunner in gathering the industry together. In recent years, the decline of the industry has forced companies to reimagine how they do business – and the Oil Sands Trade Show is no exception. Since purchasing the event from dmg events in 2017, Wes … Read more
Mark C. Munion, Consultant, CMRP T.A. Cook Consultants, Inc. Turnarounds (TAs) are periodic, planned refinery shutdowns to meet license to operate (LTO) requirements, to have preventive maintenance, renovations, capital project tie-ins and upgrades performed to maximize the availability and efficiency of refinery assets and ensure safe and competitive reliable operations. They demand a well-defined scope … Read more
April 9, 2018 by Josh Wingrove and Natalie Obiko Pearson (Bloomberg) Justin Trudeau has a lot riding on the Trans Mountain pipeline expansion. But the Canadian prime minister has few viable options to save it. Kinder Morgan Inc. halted most work on the project Sunday, ramping up pressure on the federal government to somehow deter … Read more
VANCOUVER — A B.C. Supreme Court judge says the Crown should consider laying criminal contempt of court charges against Green party Leader Elizabeth May and dozens of other demonstrators alleged to have violated a pipeline court injunction.
May, New D…
April 9, 2018 Ottawa, ON – The Leader of Canada’s Conservatives, the Honourable Andrew Scheer, today issued the following statement in response to news that Kinder Morgan has suspended work on the Trans Mountain Expansion project: This is devastating news for Canada’s energy sector and Canadian workers. The blame for this development rests squarely on the … Read more
April 9, 2018, by John Benny and David Ljunggren (Reuters) – Business groups and local officials called on Monday for Canada’s government to guarantee an expansion of the Trans Mountain pipeline is completed, after operator Kinder Morgan Canada halted most work on the C$7.4 billion ($5.83 billion) project. Shares of the operator, spun off by … Read more
COVINGTON, Okla. — The Oklahoma Corporation Commission has directed a wastewater disposal well to reduce its volume of injection after more than a dozen earthquakes rattled part of northwest Oklahoma since Friday.
The U.S. Geological Survey recorded t…
VICTORIA — British Columbia Premier John Horgan showed no signs Monday of backing down on the battle over the Kinder Morgan pipeline, rejecting widespread claims his government’s challenge of the $7.4 billion project is hurting the economy and tearing…
CALGARY — Crescent Point Energy Corp. is dismissing an activist investor’s call for changes to the company’s board as an ill-conceived and self-serving exercise.
Cation Capital Inc., which holds a 0.3 per cent stake in Calgary-based Crescent Point, sa…
OTTAWA — Faced with an escalating battle between British Columbia and Alberta as well as a spooked investment community, federal cabinet ministers will gather Tuesday for an emergency meeting in search of a way to convince Kinder Morgan to go forward …
CHEYENNE, Wyo. — A $20 million international competition to make profitable products from a gas that otherwise would contribute to global warming has entered its final stretch.
The 10 finalists in the contest sponsored by a U.S. energy company and a g…
CALGARY — The suspension of work on Kinder Morgan Canada Ltd.’s Trans Mountain pipeline expansion project will have a “chilling” effect on overall investment in Canada, industry observers say.
The company’s decision Sunday to impose a May 31 deadline …
CALGARY — Kinder Morgan is open to discussing an investment in its Trans Mountain pipeline expansion by the Alberta government if there’s clear assurance that the project can actually be completed, the company’s chief executive said Monday.
Alberta Pr…
STUDENT PROJECT SWATHI BHAT — CLEAN ENERGY ENGINEERING CAPSTONE PROJECT Student Swathi Bhat has ideas for how to make electric vehicle fast-charging stations more profitable — and more prevalent With no tailpipe greenhouse gas emissions, electric vehicles are a compelling alternative to conventional vehicles. Yet there are several barriers to the widespread adoption of vehicles … Read more
April 9, 2018 by Grant Smith (Bloomberg) Oil rose from near the lowest in more than two weeks in New York as the dollar weakened, while concerns that trade conflict between the U.S. and China could hurt the global economy still weighed on the market. Futures advanced 1.1 percent in New York after dropping 4.4 … Read more
April 09, 2018 | Source: Parkland Fuel Corporation CALGARY, Alberta, April 09, 2018 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI), Canada’s largest and one of North America’s fastest growing independent suppliers and marketers of fuel and petroleum products and a leading convenience store operator, announced today that the Parkland Burnaby Refinery turnaround was successfully completed last … Read more
April 09, 2018 | Source: TransCanada Corporation CALGARY, Alberta, April 09, 2018 (GLOBE NEWSWIRE) — Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced its Sundre Crossover Project has been placed into service in central Alberta, increasing the company’s capacity to transport natural gas on TransCanada’s NOVA Gas Transmission Ltd. (NGTL) System to downstream pipelines and … Read more
Newcomer activist, Cation, was formed with the sole purpose of disrupting Crescent Point’s progress and installing unqualified and unsuitable nominees April 09, 2018 | Source: Crescent Point Energy Corp. CALGARY, Alberta, April 09, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) issues the following statement to address Cation Capital Inc.’s … Read more
April 9, 2018, by Lorcan Roche Kelly (Bloomberg) Sewing up Deutsche Bank AG said it has named Christian Sewing chief executive officer after a supervisory board meeting yesterday. Shares in the German lender gained as much as 4.7 percent in Frankfurt trading this morning. The appointment of Sewing ends John Cryan’s term at the helm … Read more
April 9, 2018, by Naureen S. Malik (Bloomberg) A cyberattack that U.S. natural gas pipeline owners weren’t required to report has lawmakers taking a closer look at how the industry is handling such threats, raising the prospect of tighter regulation. In website notices to customers this week, at least seven pipeline operators from Energy Transfer … Read more
On December 22, 2017, President Trump signed into law H.R. 1, the United States (U.S.) tax reform bill commonly referred to as the Tax Cuts and Jobs Act (the Act). The Act will result in the most sweeping changes to the tax code since 1986. A new road lies before us – implementation of … Read more
Question: Why would you need a 2 day I&C (Instrumentation and Controls) technology course? 65% of risk reduction comes from I&C (Recent Risk Intelligence studies prove this) I&C is the largest and fastest growing form of risk mitigation in the world, and can get complex I&C is the least regulated and least understood risk reduction … Read more
Electronics have become more and more disposable over the years. As technology advances and devices age, it’s easy to make the decision to ditch the old and replace it with the latest and greatest device. Nowhere is this more evident than in the oil and gas industry. ETC has been building plunger lift controllers and sensors for over … Read more
We know there’s lots to do come audit season. Here are some helpful tips to prepare for an audit, whether internal or external! BONUS! We’ve included specifics on the signage requirements for you. WHAT IS AN AUDIT? It’s an official inspection performed by an auditor to ensure your business is adhering to health, safety and environmental standards. An … Read more
CALGARY, Alberta – Canadian UAVs (CUAVS), a leading supplier of commercial unmanned aerial vehicles (UAV), commonly known as drones, has entered into a referral relationship with CWB Maxium Financial, a proud member of the CWB Financial Group (TSX:CWB). Canadian UAVs offers commercial drone leasing, training and maintenance solutions for utility enterprises. The referral relationship for … Read more
CALGARY — The future of the Trans Mountain pipeline expansion was cast in doubt on Sunday as Kinder Morgan Canada suspended all non-essential activities and related spending on the project in the face of mounting opposition from British Columbia.
With…
Boasting benefits such as improved pipeline monitoring integrity and maintenance consistency, the SafeSeal360 Valve Greasing System (‘SafeSeal 360 System’) is undeniably a valuable addition to the changing oilfield landscape. SafeSeal Valve Systems Corp. (‘SafeSeal’) is the Alberta-born company behind the product, based in Drayton Valley with an additional office in Calgary. The founders, Jason Kennedy … Read more
Apr 8, 2018 by Lucia Kassai and Jack Kaskey (Bloomberg) Saudi Arabia signaled its intent to expand chemical production along the U.S. Gulf Coast and potentially double the size of North America’s biggest oil refinery. The kingdom’s state-owned crude producer is joining with U.K. oilfield-services firm TechnipFMC Plc to assess the potential for producing ethylene, … Read more
Donate Here: Humboldt Broncos GoFundMe Account Donations continue to pour into a GoFundMe campaign raising money for those affected by the deadly Humboldt Broncos bus crash. GoFundMe is assuring donors that their money will go to those who need it. Fifteen people were killed and another 14 injured when a bus carrying the hockey team collided with a semi-truck … Read more
Please join KML and Kinder Morgan, Inc. (NYSE: KMI) at 8:30 a.m. Eastern Time on Monday April 9, 2018, at www.kindermorgancanadalimited.com or at www.kindermorgan.com for a LIVE webcast conference call that will include a discussion of the matters described in the the Kinder Morgan Press Release about the Trans Mountain Project. See Press Release HERE Dial: 1-517-308-9248 Passcode: 2088258 About Kinder Morgan Canada Limited … Read more
April 8, 2018 3:00 PM CNW Will Consult with Stakeholders until May 31st on Potential Paths Forward CALGARY, April 8, 2018 /CNW/ – Kinder Morgan Canada Limited (TSX: KML) today announced that it is suspending all non-essential activities and related spending on the Trans Mountain Expansion Project. KML also announced that under current circumstances, specifically including the continued actions in opposition to … Read more
Kinder Morgan says it is suspending all non-essential activities and related spending on the Trans Mountain pipeline expansion project. Some quotes:
“As KML has repeatedly stated, we will be judicious in our use of shareholder funds. In keeping with t…
BURNABY, B.C. — The leader of the Union of British Columbia Indians Chiefs says he will keep up the pressure against the expansion of the Trans Mountain pipeline in Burnaby, B.C.
Grand Chief Stewart Phillip sat with a coffee cup in his hands between f…
April 6, 2018 PM Reuters NEW YORK (Reuters) – Oil prices fell more than 1 percent on Friday after U.S. President Donald Trump threatened new tariffs on China, reigniting fears of a trade war between the world’s two largest economies that could hurt global growth. Trump said on Thursday he had ordered U.S. trade officials to consider … Read more
April 6, 2018 Reuters (Reuters) – U.S. energy companies added oil rigs for the third time in four weeks as crude prices drifted from a three-year high hit earlier this year amid concerns of a trade war between U.S. and China. Drillers added 11 oil rigs in the week to April 6, bringing the total count … Read more
Canada’s drilling rigs went down by 23 to the current count of 111 actively drilling rigs according to data collected by Baker Hughes for the week of April 6th. From one week ago, Alberta rig counts decreased by 22 to 92 and the Saskatchewan rig count decreased by 3 to 3. Oil drilling went down … Read more
SAINT JOHN, N.B. — A railway owned by New Brunswick’s Irving family has pleaded not guilty to 24 charges alleging the company violated safety standards in the way it transported oil.
The allegations against the New Brunswick Southern Railway Company L…
PLAINSBORO, N.J. — Interior Secretary Ryan Zinke acknowledges there is “a lot of opposition” to President Donald Trump’s plan to open most of the nation’s coastline to oil and gas drilling.
Speaking at a forum on offshore wind energy Friday in Plainsb…
April 6, 2018, by Fergan Smith TORONTO (Reuters) – The trade-sensitive Canadian dollar is set to advance over the coming year as prospects improve for a revamped NAFTA trade deal and the Bank of Canada continues to raise interest rates, a Reuters poll of currency strategists showed on Friday. Upbeat comments by officials from the … Read more
CALGARY — Athabasca Oil Corp.’s chief executive blasted the Liberal government for not providing regulatory certainty or doing its job to get pipelines built just as Prime Minister Justin Trudeau was visiting the heart of oilsands country on Friday.
“…
WINNIPEG — Manitoba is prepared to take the federal government to court if Ottawa imposes a higher carbon tax than the province is planning, Premier Brian Pallister said Friday.
“I have a simple message for Ottawa today — back off or we’ll see you in …
TRAVERSE CITY, Mich. — A marine vessel may have caused a leak of coolant fluid from submerged electric cables into the waterway that connects Lake Huron and Lake Michigan, the U.S. Coast Guard said Friday.
About 600 gallons (2,270 litres) of a synthet…
By Robert Harrison Today, more than ever, the North American Oil & Gas industry is under the public microscope. The very nature of our industry; exploration and discovery of new resources, production and processing of oil and gas, brings with it the issue of potential environmental risk. The reality, Oil plays an irreplaceable, vital role … Read more
New printer offers easy, walk-up-and-print label creation on the spot MILWAUKEE, Wis. (April 5, 2018) — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced today the launch of the BradyPrinter S3100 sign and label printer. The new printer is ideal for on-demand label and sign creation and has an … Read more
April 05, 2018 | Source: Pengrowth Energy Corporation CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) is pleased to provide an update on our operational progress during the first quarter of 2018 in accordance with our business plan. “I am excited by the execution and progress that our teams have achieved thus … Read more
Lifting Solutions Inc. establishes industry-leading platform for continuous rod service solutions April 05, 2018 | Source: Lifting Solutions Inc. EDMONTON, Alberta and CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) — Lifting Solutions Inc. (“Lifting Solutions”) announced today that it has completed the acquisition of all the Canadian continuous rod service assets from a major multinational oilfield services … Read more
April 5, 2018 Globe Newswire CALGARY, Alberta, April 06, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX:QEC) (OSE:QEC) reported on the progress of the internal feasibility study for its oil shale project in Jordan. The Company has recently engaged Hatch Ltd. (“Hatch”), a global engineering firm, to integrate and support its internal … Read more
April 6, 2018 by Grant Smith (Bloomberg) Oil headed for its worst week in more than a month after U.S. President Donald Trump called for tariffs on more Chinese goods, souring investor optimism that tensions between the world’s two largest economies will ease with negotiations. Futures fell as much as 1.1 percent in New York … Read more
April 5, 2018 by Anna Hirtenstein and Scott Deveau (Bloomberg) Pipeline company Enbridge Inc. is seeking to cut its stake in a German offshore wind project, according to people familiar with the matter. The Canadian energy company is selling half its 50 percent share in the Hohe See offshore wind farm being developed with utility … Read more
April 6, 2018 by Michael Bellusci (Bloomberg) Investors have bailed on the Canadian energy sector, although mergers & acquisitions north of the border could provide a much needed catalyst, barring pipeline and political developments. Raymond James recently called upon John Connor to help save the space, and BMO Capital Markets is now calling for consolidation. … Read more
April 6, 2018, by Ann Koh (Bloomberg) The Middle East is emerging as a potential beneficiary of the brewing trade war between the U.S. and China as the Asian nation strikes back with retaliatory tariffs on American petrochemical products. If China goes ahead with its proposal to slap a 25 percent tariff on polyethylene and … Read more
April 5, 2018, by Devika Krishna Kumar NEW YORK (Reuters) – The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. That has depressed prices there, posing a threat … Read more
April 6, 2018, by Lorcan Roche Kelly (Bloomberg) $100 billion The war of words between the U.S. and China escalated again after President Donald Trump ordered his administration to consider tariffs on an additional $100 billion in Chinese goods, with Beijing saying it would counter the moves “to the end, and at any cost.” The tit-for-tat … Read more
HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for March 2018 was 972, down 7 from the 979 counted in February 2018, and up 29 from the 943 counted in March 2017. The international offshore rig count for March 2018 was 185, down 9 from … Read more
Deloitte report says increased U.S. production, transportation bottlenecks and lack of refining capacity in Canada are responsible for widening price differentials CALGARY, ALBERTA (April 3, 2018) – Prices for Canadian crude oil have fallen further behind those in the United States as pipeline bottlenecks continue to limit the amount of oil that can be transported … Read more
Subdued optimism is probably the best description of the overall mood of the Canadian oilfield service sector in early 2018. Higher oil prices have given some companies confidence to begin investing but that sentiment is being tempered by increasing volatility in gas markets, which is keeping a tight lid on overall capital investments. As a … Read more
CALGARY — A year-long review of climate change risk reporting by large Canadian publicly traded companies has found huge disparities in practices between corporations and industries but recommends no immediate action.
Further work is planned to develo…
CALGARY — Cenovus Energy Inc. has hired Husky Energy Inc. executive Jonathan McKenzie as its next chief financial officer.
McKenzie had been Husky’s chief financial officer since 2015.
Previously, he worked at Irving Oil Ltd. as chief financial office…
April 05, 2018 | Source: Cenovus Energy Inc. CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) today announced the appointment of Jonathan McKenzie as the company’s next Chief Financial Officer. He will replace Ivor Ruste who, as previously announced, will retire on April 30, 2018. “We’re pleased to have Jon join Cenovus. … Read more
April 05, 2018 | Source: Husky Energy Inc. CALGARY, Alberta, April 05, 2018 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) today announced that Jon McKenzie, Chief Financial Officer, has resigned and will be leaving the Company effective April 5, 2018. “On behalf of the Board of Directors and our employees, I would like to thank Jon for his … Read more
CALGARY, April 4, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX:ALA) and WGL Holdings, Inc. (WGL) (NYSE: WGL) are pleased to announce the achievement of positive regulatory approval from the Maryland Public Service Commission (Maryland PSC) to the proposed merger of AltaGas and WGL (the WGL Acquisition). The 4:1 favourable decision by the Maryland PSC followed a comprehensive public process … Read more
April 5, 2018 by Heesu Lee and Grant Smith (Bloomberg) Oil held near $63 a barrel after U.S. crude stockpiles declined and trade tensions between the U.S. and China showed tentative signs of easing. Futures were little changed in New York. U.S. oil inventories shrank the most since January, according to government data Wednesday, in … Read more
April 4, 2018 by Naureen S. Malik and Ryan Collins (Bloomberg) A cyberattack that hobbled the operations of at least four natural gas pipeline companies starting late last week also triggered changes within the utility industry. Duke Energy Corp., the second largest U.S. utility by market capitalization, said it first learned about the attack on … Read more
April 4, 2018, by Wael Mahdi and Mohammed Aly Sergie (Bloomberg) Bahrain will invite international oil companies to help it develop its first major discovery in decades, hoping to begin production within five years. The oldest and smallest energy producer in the Persian Gulf relies on crude exports for most of its revenue, and its … Read more
April 5, 2018, by Lorcan Roche Kelly (Bloomberg) Time to talk The White House’s National Economic Council Director Larry Kudlow was on a mission to calm markets yesterday following the global selloff in the wake of China’s response to U.S. proposed tariffs. “Remember, none of the tariffs have been put in place yet,” he said in a … Read more
April 4, 2018, by Dan Murtaugh (Bloomberg) The world’s biggest energy companies are ready for big projects again. They just need to be cheaper this time around. Energy companies will approve spending for about 30 major projects this year, consultancy Wood Mackenzie Ltd. said in an April 5 report. That’s in line with the 32 … Read more
OTTAWA — Prime Minister Justin Trudeau faces a balancing act over the next couple of days as he takes the seemingly opposing messages of environmental protection and resource development to western Canada.
After beginning the day with a speech to G7 b…
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The capture and conversion of waste heat into electricity is the unsung hero of clean power. Sweden-based cleantech company, Climeon, is working to capture a piece of that market with its patented, scalable 150 kW power-generating modules (and multiples thereof) that convert low-temperature heat from both pure play geothermal water resources and from active oil … Read more
April 4, 2018 Reuters The Canadian heavy oil discount narrowed again on Wednesday against the West Texas Intermediate (WTI) benchmark, continuing an unexpected bounce on an incremental boost in pipeline capacity.Western Canada Select (WCS) heavy blend crude for May delivery in Hardisty, Alberta, settled at $16.15 a barrel below the WTI benchmark crude price, according to … Read more
April 4, 2018 by Theophilos Argitis (Bloomberg) Growing optimism that a preliminary Nafta deal is within reach hasn’t spilled over into expectations for faster Bank of Canada interest rate hikes, particularly with rising U.S-China tension roiling global markets. Investors wager there is about a 20 percent chance of a rate increase at the central bank’s … Read more
April 4, 2018 DUBAI (Reuters) – Yemen’s armed Houthi movement launched a missile at storage tanks belonging to oil giant Saudi Aramco in Saudi Arabia’s southwestern Jizan province on Wednesday, said Yemeni state news agency Saba, which is controlled by the group. Saudi air defenses shot down a missile in the skies above the province, … Read more
CALGARY — Crescent Point Energy Corp. says it has acquired a significant stake in Alberta’s promising East Shale Duvernay light oil region, amassing a total of 142,000 hectares of drilling rights for about $112 million.
The Calgary-based company is th…
April 4 – 2018/2019 Membership New & Renewal commences April 10 – Energy Sector Mergers & Acquisitions Update Luncheon April 19 – Enhanced Production Audit Program (EPAP) Seminar April 24 – Fundamentals of Liquid Measurement Seminar May 8 – The Essentials of Project Management Seminar May 23 – Schematics and Facility ID Seminar June 14 – Building my Management Skills Seminar June 20 – CAPPA CAPLA Annual Golf Tournament September … Read more
Wednesday, April 4th, 2018 OTTAWA, ON: Canadian Taxpayers Federation (CTF) Federal Director Aaron Wudrick released the following statement in response to the Ecofiscal Commission’s report on Canadians’ views on carbon taxes: “This report and survey suggests that while Canadians are concerned about climate change, they still know very little about carbon taxes and their real … Read more
With a 50-year tradition of connecting industry leaders, Global Petroleum Show is setting the stage for the next 50 years. Take your seat at the table at the inaugural Global Petroleum Show Conference, a comprehensive three-day program featuring business debates, panel discussions, high-level keynotes and technical presentations. Join the emerging Canadian and US conversation to … Read more
April 3, 2018 PR Newswire GREENWICH, Conn., April 3, 2018 /PRNewswire/ — FrontFour Capital Group LLC, together with its affiliates (“FrontFour” or “we”), a significant shareholder of Obsidian Energy Ltd. (“Obsidian” or, the “Company”) (TSX/NYSE: OBE) with an ownership interest of approximately 6.3% of the Company’s outstanding shares, today announced that it has formally provided advance notice to the … Read more
Apr 4, 2018 by Grant Smith (Bloomberg) Oil fell after China said it would levy tariffs on $50 billion of U.S. imports in retaliation against measures by President Donald Trump, fanning concerns that economic growth and fuel demand could be hurt. Futures in New York slipped as much as 2.1 percent to the lowest intraday … Read more
April 4, 2018, by Naureen S. Malik, Ryan Collins and Meenal Vamburkar (Bloomberg) At least four U.S. pipeline companies have seen their electronic systems for communicating with customers shut down over the last few days, with three confirming it resulted from a cyberattack. On Tuesday, Oneok Inc., which operates natural gas pipelines in the Permian … Read more
April 3, 2018, by Denis Pinchuk ANKARA (Reuters) – Russian Energy Minister Alexander Novak said on Tuesday a joint organization for cooperation between OPEC and non-OPEC countries may be set up once the current deal on oil output curbs expires at the end of this year. Saudi Crown Prince Mohammed bin Salman told Reuters last … Read more
April 4, 2018, by Lorcan Roche Kelly (Bloomberg) China’s list Yesterday, the Office of the U.S. Trade Representative published a (very long) proposed list of products imported from China that would be targeted for additional 25 percent tariffs. This morning, authorities in Beijing retaliated with their own protectionist plans on some $50 billion of U.S. goods. The agricultural … Read more
April 3, 2018, by Angelina Rascouet (Bloomberg) OPEC crude production dropped to the lowest in a year amid the woes in Venezuela’s oil industry. Output from the 14 members of Organization of Petroleum Exporting Countries fell by 170,000 barrels to 32.04 million barrels a day in March, according to a Bloomberg News survey of analysts, oil … Read more
April 03, 2018 | Source: TransCanada Corporation CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) — Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced its Northwest Mainline Loop-Boundary Lake pipeline has been placed into service, completing the final section of its 2017 Expansion Program on the NOVA Gas Transmission Ltd. (NGTL) System. With the completion of … Read more
April 03, 2018 | Source: Birchcliff Energy Ltd.; AltaGas Ltd. CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) and AltaGas Ltd. (“AltaGas”) (TSX:ALA) are pleased to announce that they have entered into a definitive agreement for a long-term natural gas processing arrangement (the “Processing Arrangement”) at AltaGas’ deep-cut sour gas processing facility located in Gordondale, … Read more
April 03, 2018 | Source: Crescent Point Energy Corp. CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) is pleased to announce that first quarter 2018 production and cash flow from its U.S. assets have grown year-over-year by approximately 60 percent and 175 percent respectively. The Company … Read more
JAKARTA, Indonesia — Waters off an Indonesian port city reek like a gas station after an oil spill and fire that killed four people over the weekend, an official said Wednesday.
Balikpapan city secretary Sayid Fadli said that the city on the island of…
April 3, 2018 by Scott Deveau (Bloomberg) Embattled pipeline company Enbridge Inc. is working with advisers to sell a group of Canadian gathering and processing assets that could fetch more than C$2 billion ($1.56 billion), according to people with knowledge of the matter. Calgary-based Enbridge has hired Royal Bank of Canada to help with the … Read more
CALGARY — Houston-based ConocoPhillips Co. says it is selling oil and gas assets in the United States while increasing its stake in Western Canada.
The company that sold most of its Canadian oilsands and conventional drilling operations to Cenovus Ene…
EDMONTON — Alberta Premier Rachel Notley says she will soon head to Toronto and New York to rally support among business leaders for the Trans Mountain oil pipeline expansion.
Notley says she will also take her message to a meeting of U.S. and Mexican…
April 3, 2018 by Naureen S. Malik and Ryan Collins (Bloomberg) A third U.S. pipeline company reported its electronic system for communicating with customers has stopped working, a day after a cyberattack resulted in a similar shutdown. The Department of Homeland Security, which said Monday it’s gathering information about the potential intrusion, had no immediate … Read more
CALGARY — The same factors that have inflated the discount paid for Canadian oilsands heavy crude compared with U.S. oil are also driving a substantial rise in the discount for light Canadian oil.
Accounting firm Deloitte says in a report that the dif…
April 03, 2018 | Source: BlackPearl Resources Inc. Calgary, Alberta, April 03, 2018 (GLOBE NEWSWIRE) — BlackPearl Resources Inc. (“our”, “BlackPearl” or the “Company”) (NASDAQ Stockholm: PXXS) is pleased to invite the holders of common shares of the Company to our Annual and Special Meeting of Shareholders. WHEN … Read more
April 03, 2018 Source: Bellatrix Exploration Ltd. CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix”, “we”, “our” or the “Company”) (TSX:BXE) (NYSE:BXE) announces the start-up of the Phase 2 expansion project at the Bellatrix O’Chiese Nees-Ohpawganu’ck deep-cut gas plant at Alder Flats (the “Alder Flats Plant”), an update of commodity risk management … Read more
April 2, 2018 by Theophilos Argitis (Bloomberg) It’s been a dramatic reversal in sentiment for Canada’s consumers. The Bloomberg Nanos Canadian Confidence Index — a composite gauge based on survey questions — continued to tumble in March, dropping to the worst month-end reading in more than a year as households grow increasingly concerned about the … Read more
April 3, 2018 by Heesu Lee and Grant Smith (Bloomberg) Oil recovered slightly after Monday’s selloff, but remained near a two-week low on concerns about an escalating trade war between China and the U.S. Futures added 0.3 percent in New York after losing 3 percent on Monday. China imposed retaliatory tariffs on U.S. goods valued … Read more
April 3, 2018, by Manus Cranny and Mohammed Aly Sergie (Bloomberg) The global deal to rein in oil output has removed “85 percent of the problem” of oversupply, and OPEC and allied producers are seeking ways to cooperate after the agreement ends, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. The world economy … Read more
April 3, 2018, by Lorcan Roche Kelly (Bloomberg) Bad start The worst start to the second quarter for U.S. stocks since the Great Depression is weighing on global indexes. While Asian stocks were spared the worst from yesterday’s tech-led selloff — the MSCI Asia Pacific Index slipped less than 0.1 percent — the risk-off mode … Read more
April 2, 2018 Reuters The Canadian heavy oil discount narrowed on Monday against the West Texas Intermediate (WTI) benchmark as the new monthly trade cycle got underway, though it remained wider than normal on limited capacity on Canadian export pipelines.Western Canada Select (WCS) heavy blend crude for May delivery in Hardisty, Alberta, settled at $19.35 a … Read more
April 2, 2018 by Eric Martin (Bloomberg) The Trump administration is pushing for a preliminary Nafta deal to announce at a summit in Peru next week, and will host cabinet ministers in Washington to try to achieve a breakthrough, according to three people familiar with the talks. The White House wants leaders from Canada and … Read more
CALGARY — The Alberta Energy Regulator says it has suspended the licences of an oil and gas producer after no one answered its 1-800 emergency phone line when one of its hydrocarbon handling facilities appeared to be leaking.
In a notice on its websit…
April 2, 2018 by Jessica Summers (Bloomberg) Crude fell the most in more than three weeks as fears of a trade war led investors to avoid riskier assets across financial markets. Futures slid as much as 3.1 percent on Monday in New York. U.S. stocks declined as China imposed retaliatory tariffs on U.S. goods, the … Read more
April 2, 2018 CNW — Launches Sale Process for Alberta Viking Assets; Ongoing Discussions with CIC Regarding Disposition of PROP; Plans to Use Any Sale Proceeds to Fund Cardium Growth, Reduce Debt and Buy Back Shares — CALGARY, April 2, 2018 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or … Read more
With news headlines dominated by pipeline power struggles, a lingering lower-for-longer sentiment, and of course the media circus to the south of us, it’s easy to assume that 2017 was a year that didn’t yield a lot of progress for Canada’s E&P energy sector. While 2017 certainly brought challenges, a look back at the data … Read more
April 02, 2018 | Source: Bonterra Energy Corp. CALGARY, Alberta, April 02, 2018 (GLOBE NEWSWIRE) — Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or the “Company”) announces that the March 2018 monthly cash dividend will be $0.10 per share and will be paid on April 30th, 2018. The record date for the dividend is April 16th, 2018 and … Read more
April 02, 2018 06:00 ET | Source: Encana Corporation CALGARY, Alberta, April 02, 2018 (GLOBE NEWSWIRE) — (TSX:ECA) (NYSE:ECA) Encana Corporation (Encana) has reached an agreement with Keyera Partnership, a subsidiary of Keyera Corp. (Keyera), under which Keyera will acquire and fund the remaining development of Encana’s Pipestone Liquids Hub and Encana’s planned Pipestone Processing Facility. This agreement provides Encana … Read more
April 2, 2018 by Natasha Doff (Bloomberg) Markets on the defensive, Amazon under pressure, and Elon Musk jokes about bankruptcy. Here are some of the things people in markets are talking about today. Trade tensions The prospect of a trade war intensified after China urged trade talks with the U.S. while saying that previously announced … Read more
April 2, 2018, by Alex Lawler LONDON (Reuters) – Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran. U.S. drillers cut seven oil rigs in the week to March 29, bringing the total down to 797, … Read more
April 2, 2018, by Vivian Nereim (Bloomberg) The phone call came at 8 p.m. from the Saudi royal court: Come to The Plaza, immediately. We journalists rushed over to the Manhattan hotel, but it was almost three hours before anything happened. And when it did — when Crown Prince Mohammed bin Salman and Masayoshi Son, … Read more
CALGARY — A subsidiary of Keyera Corp. will purchase Encana’s Pipestone liquids hub and the planned Pipestone processing facility in western Alberta under an agreement announced Monday.
The Pipestone liquids hub is under construction near Grande Prair…
We all have an uneasy sense that jobs are changing rapidly, thanks to digital, but what will be the future of oil and gas work in an increasingly digital world? Who cares? After writing some 70+ articles about the impact that digital technologies are having (or about to have, or could have, or should have, or will eventually have, or might have), on the oil and … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Salespeople play games with their managers to get their emotional needs met. They may not even realize they’re playing a game or the underlying cause of the game, but the end result is both they … Read more
Zedcor Energy Inc. (CNW Group/Zedcor Energy Inc.) CALGARY, March 29, 2018 /CNW/ – Zedcor Energy Inc. (the “Company”) (TSX VENTURE: ZDC) today announced its financial and operating results for the year ended December 31, 2017. Highlights Amounts in the following tables are presented in thousands of dollars, except for per share amounts and percentages. Three months ended December … Read more
March 29, 2018 Globe Newswire CALGARY, Alberta, March 29, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV:SOG) is pleased to report financial and operating results for the year and three months ended December 31, 2017. Detailed results and additional information are presented in Strategic’s consolidated financial statements and related Management’s … Read more
Canada’s drilling rigs went down by 27 to the current count of 134 actively drilling rigs according to data collected by Baker Hughes for the week of March 30th. From one week ago, Alberta rig counts decreased by 14 to 114 and the Saskatchewan rig count decreased by 8 to 6. Oil drilling went down … Read more
U.S. energy companies cut rigs for the first time in three weeks even as crude prices hover near three-year highs. Drillers cut six oil rigs in the week to March 29, bringing the total count down to 798, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Thursday. Baker … Read more
OTTAWA — The head of one of Canada’s largest banks is urging the federal government to stem the flow of investment capital from this country to the United States — because, he warns, it’s already leaving in “real time.”
RBC president and CEO Dave McKa…
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COMMENTARY: Canadians Should Decide What to do With Their Money – Not Politicians and Bureaucrats