8 - 2018 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Trans Mountain expansion could be delayed for years by court decision: experts

August 31, 2018 by EnergyNow Media

VANCOUVER — The Federal Court of Appeal’s decision to quash Ottawa’s approval of the Trans Mountain pipeline expansion is likely to delay the project for years, legal and political observers say. The ruling means the National Energy Board must consider the impacts of increased tanker traffic on the marine environment and the federal government must consult more meaningfully with … Read more

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Energy Storage Canada Conference 2026 - ESCCON26

National Energy Board orders halt to all work activity on Trans Mountain pipeline

August 31, 2018August 31, 2018 by The Canadian Press

CALGARY — The National Energy Board has ordered construction on the Trans Mountain pipeline to stop, a day after the Federal Court of Appeal quashed the approval of the project and nullified the NEB certificate.
In the absence of a certificate, the ec…

Alberta projects $1B deficit drop, says pipeline ruling won’t derail budget

August 31, 2018August 31, 2018 by The Canadian Press

EDMONTON — Alberta’s finance minister says the court decision putting the Trans Mountain pipeline expansion in legal limbo won’t affect the long-term plan to rid the province of red ink by 2024.
Joe Ceci says the province is relying on revenues not ju…

PM determined to build pipeline, tackle climate change despite court ruling

August 31, 2018August 31, 2018 by The Canadian Press

OTTAWA — Justin Trudeau is standing firm on his government’s commitment to build the Trans Mountain pipeline expansion and to its national climate-change plan — both of which were put in jeopardy by a bombshell court ruling that overturned federal app…

Canadian Natural Resources Limited Announces Acquisition of 100% Working Interest in the Joslyn Oil Sands Project

August 31, 2018 by EnergyNow Media

August 31, 2018 | Source: Canadian Natural Resources Limited CALGARY, Alberta, Aug. 31, 2018 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that it has entered into an agreement to acquire a 100% working interest in the Joslyn oil sands project for a total consideration of $100 million cash on closing and … Read more

Canadian Energy Innovation on the Global Stage – CRUX OCM, Interface Fluidics, and Techstars Energy

August 31, 2018August 31, 2018 by EnergyNow Media

Two Canadian companies selected for Techstars’ first energy technology cohort – CRUX OCM and Interface Fluidics (CALGARY AUGUST 23, 2018) Techstars LLC., a world-leading technology accelerator and investment fund, announced today that two Calgarian start-ups are selected for the highly competitive Techstars Energy Program in partnership with Equinor (formerly Statoil). CRUX OCM and Interface … Read more

Canadian Natural Resources acquires Joslyn oilsands project for $225 million

August 31, 2018August 31, 2018 by The Canadian Press

CALGARY — Canadian Natural Resources Ltd. has signed a deal to buy the Joslyn oilsands project for $225 million from Total SA and its partners.
Paris-based Total, which is Joslyn’s operator, currently owns 38.25 per cent of the project, which is direc…

Trans Mountain ruling increases uncertainty among resource industry groups

August 31, 2018August 31, 2018 by The Canadian Press

The Federal Court of Appeal’s ruling that consultations for the Trans Mountain project were inadequate has raised concerns from the resources industry about added uncertainty around the duty to consult Indigenous communities, though experts say the pr…

Oil Set for Monthly Gain as Supply Risks Eclipse Trade Concerns

August 31, 2018 by EnergyNow Media

Aug 31, 2018 by Grant Smith (Bloomberg) Oil headed for a monthly gain as expectations that American sanctions on Iranian crude will tighten global markets outweighed the risk to demand from the ongoing U.S.-China trade dispute. Brent futures in London were poised for their biggest monthly increase since April on signs that U.S. penalties will … Read more

Alberta’s Notley Pulls out of Fed’s Carbon Plan as Trudeau’s Pipeline Plans Unravel

August 31, 2018August 31, 2018 by EnergyNow Media

Aug 30, 2018 by Chris Fournier, Rachel Adams-Heard and Kevin Orland (Bloomberg) Canada’s precarious relationship with its vast oil riches flared up again Thursday after a federal court struck down Prime Minister Justin Trudeau’s approval of a key pipeline, reviving fears about the country’s ability to get its resources to market. While the government pledged … Read more

Five Things to Know in World Business – August 31, 2018

August 31, 2018 by EnergyNow Media

Aug 31, 2018 by Samuel Potter (Bloomberg) Trump lets loose on everything from trade to Turkey, emerging markets stagger to month end, and Coca-Cola orders a $5.1 billion cup of joe. Here are some of the things people in markets are talking about today. Trade war, part 6,433 Recalibrating the outlook for global trade has become … Read more

Trump Sees Canada With No Choice But a Deal Ahead of Nafta Deadline

August 31, 2018 by EnergyNow Media

Aug 31, 2018 by Josh Wingrove, Eric Martin and Jennifer Jacobs (Bloomberg) – The U.S.’s declared deadline for a handshake agreement from Canada to revamp Nafta has arrived, and it’s unclear whether optimism from Donald Trump and others will be enough to spur concessions that would bridge the final divides. “Canada’s going to make a … Read more

Macro Provides Corporate Update

August 31, 2018 by EnergyNow Media

August 30, 2018 20:35 ET | Source: Macro Enterprises Inc. FORT ST. JOHN, B.C., Aug. 30, 2018 (GLOBE NEWSWIRE) — Macro Enterprises Inc. (TSXV:MCR) (the “Company” or “Macro”) is providing this corporate update relative to today’s ruling by Canada’s Federal Court of Appeal which will result in further delays with respect to the construction of the Trans Mountain Pipeline … Read more

WATCH: Former Encana CEO: There Was Sufficient Consultation on Trans Mountain

August 31, 2018August 31, 2018 by EnergyNow Media

August 30, 2018 WATCH: Former Encana CEO Gwyn Morgan Talks About The Federal Court of Appeal’s Decision to Quash Ottawa’s Approval of the Trans Mountain Pipeline

PSAC Disillusioned and Frustrated that National Interest Pipeline Infrastructure is Delayed Indefinitely

August 31, 2018August 30, 2018 by EnergyNow Media

CALGARY, ALBERTA, August 30, 2018 –The Petroleum Services Association of Canada (PSAC) today expresses its disillusionment and frustration by the decision of the Federal Court of Appeal to quash the approval of the Trans Mountain Pipeline Expansion (TMX) Project. Tom Whalen, President & CEO of PSAC said “This day will go down in history as … Read more

The Canadian Association of Oilwell Drilling Contractors (CAODC) is extremely disappointed with continued delays in the Trans Mountain Expansion Project (TMX).

August 30, 2018August 30, 2018 by EnergyNow Media

Today, the Federal Court of Appeal ruled the government of Canada did not include marine shipping concerns or adequately consult with First Nations on the Trans Mountain Expansion, resulting in further uncertainty surrounding the pipeline project’s status. “We are extremely disappointed with today’s decision,” says CAODC President Mark Scholz. “From an investor’s perspective, Canada continues … Read more

Trans Mountain pipeline ruling shakes central pillar of Trudeau agenda

August 30, 2018August 30, 2018 by The Canadian Press

OTTAWA — On Wednesday, Prime Minister Justin Trudeau painstakingly explained to students in Kapuskasing, Ont., how the Trans Mountain pipeline expansion project is a central pillar of his government’s agenda.
Less than 24 hours later, the Federal Cour…

Reaction to the Federal Court of Appeal decision on the Trans Mountain pipeline

August 30, 2018August 30, 2018 by The Canadian Press

VANCOUVER — The Federal Court of Appeal has overturned Ottawa’s approval of the Trans Mountain pipeline expansion. Here’s what some are saying about the court decision:
“As we move ahead with the project and the purchase, our government remains commit…

Timeline: Key dates in the history of the Trans Mountain pipeline

August 30, 2018August 30, 2018 by The Canadian Press

Here are some key dates in the history of the Trans Mountain pipeline and Kinder Morgan Canada’s efforts to expand its capacity:
October 1953: The Trans Mountain pipeline begins shipping oil with an initial capacity of 150,000 barrels per day. The pro…

Tanager Energy Announces Second Quarter 2018 Results

August 30, 2018 by EnergyNow Media

August 30, 2018 Globe Newswire CALGARY, Alberta , Aug. 29, 2018 (GLOBE NEWSWIRE) — Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V: TAN, OTCQB: TANEF) announces its financial and operating results for the three and six months ended June 30, 2018. This press release contains forward looking statements. Please refer to our cautionary language on forward-looking … Read more

Canadian Spirit Resources Inc. Announces Second Quarter 2018 Financial Results

August 30, 2018 by EnergyNow Media

August 30, 2018 Globe Newswire CALGARY, Alberta, Aug. 29, 2018 (GLOBE NEWSWIRE) — Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis (“MD&A”) for the three and six month periods ended June 30, 2018. This news release summarizes information contained in the unaudited interim … Read more

NuVista Energy Ltd. Announces Closing of Equity Financings

August 30, 2018 by EnergyNow Media

August 30, 2018 Globe Newswire CALGARY, Alberta, Aug. 30, 2018 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce that it has closed the previously announced initiatives taken to partially finance the acquisition of the Cenovus Pipestone Partnership which holds the assets in the Pipestone area of Northwest Alberta (the … Read more

Canadian Taxpayers Federation reacts to Federal Court of Appeal decision on Trans Mountain pipeline expansion approval

August 30, 2018 by EnergyNow Media

Thursday, August 30th, 2018 OTTAWA, ON: Canadian Taxpayers Federation (CTF) Federal Director Aaron Wudrick released the following statement in response to the Federal Court of Appeal’s ruling on the Trans Mountain pipeline expansion approval: “Contrary to the claims of radical environmentalists, the decision of the Federal Court of Appeal to invalidate the federal government’s approval … Read more

Federal court quashes Trans Mountain pipeline expansion

August 30, 2018August 30, 2018 by EnergyNow Media

Federal court quashes Trans Mountain pipeline expansion The Canadian Press Read the Court’s Judgement HERE VANCOUVER – The Federal Court of Appeal has quashed Ottawa’s approval of the contentious Trans Mountain pipeline expansion. The decision means the National Energy Board will have to redo its review of Kinder Morgan Canada’s project. In a written decision, the court … Read more

KML shareholders vote 99% in favour of Trans Mountain pipeline sale to Ottawa

August 30, 2018August 30, 2018 by The Canadian Press

CALGARY — Shareholders in Kinder Morgan Canada Ltd. have voted more than 99 per cent in favour of the sale of its Trans Mountain pipeline and expansion project to the federal government for $4.5 billion.
The brief meeting in Calgary was chaired by the…

Colorado to vote in November on proposal to toughen oil drilling rules

August 30, 2018 by EnergyNow Media

(Reuters) – A Colorado ballot initiative that would sharply increase the required distance between new oil wells and populated areas will face the state’s voters in November, Colorado officials said on Wednesday. The proposal, opposed as anti-fracking by oil and gas producers, would require new projects to be at least 2,500 feet (762 m) from … Read more

Drones and stakeouts: how Tesla ‘haters’ put pressure on CEO Musk

August 30, 2018 by EnergyNow Media

SAN FRANCISCO/WASHINGTON (Reuters) – An online army of skeptics and amateur sleuths that has spent years promoting bets against Tesla Inc senses an opportunity to renew pressure on the electric carmaker after the failure of Chief Executive Elon Musk’s plan to take it private. A go-private deal at $420 a share announced by Musk in … Read more

Drowning in Dirty Water, Permian Seeks $22 Billion Lifeline

August 30, 2018 by EnergyNow Media

Aug 29, 2018, by David Wethe and Kevin Crowley (Bloomberg) In the dry, dusty plains of West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it. Just ask Will Hickey, the 31-year-old chief executive officer of Colgate Energy. Standing on a 26-foot high rig platform … Read more

Canada’s GDP Growth Quickens to 2.9% in 2nd Quarter on Exports

August 30, 2018 by EnergyNow Media

Aug 30, 2018 by Theophilos Argitis (Bloomberg) Canada’s economy grew at the fastest pace in a year in the second quarter as exports surged, though a slowdown in business investment may cast some clouds over the brighter economic picture. Gross domestic product expanded at a 2.9 percent annualized pace from April to June, faster than … Read more

Journey Energy Inc. Executed Definitive Agreement with a Strategic Joint Venture Partner to Delineate East Duvernay Oil Resource

August 30, 2018 by EnergyNow Media

August 29, 2018 CNW EXPANDED DUVERNAY LAND BASE TO APPROXIMATELY 140 GROSS SECTIONS CALGARY, Aug. 29, 2018 /CNW/ – Journey Energy Inc. (JOY – TSX) (“Journey” or the “Company“) is pleased to announce that it has entered into a definitive agreement (the “Agreement“) to develop its East Duvernay shale oil resource prospect with a strategic joint venture partner, Kiwetinohk Resources Corp. (“Kiwetinohk“). … Read more

Marquee Energy Ltd. Announces Second Quarter 2018 Financial and Operating Results, and Entered into an Agreement for the Disposition of Non-Core Assets for $6.6 Million

August 30, 2018 by EnergyNow Media

August 29, 20184:51 PM CNW CALGARY, Aug. 29, 2018 /CNW/ – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQX”) reports its operational and financial results for the three months ended June 30, 2018. The Company’s Financial Statements as well as the corresponding Management’s Discussion and Analysis for the three months ended June 30, 2018 are available on its website www.marquee-energy.com as well … Read more

Oil Rises to $70 for First Time Since July as Stockpiles Decline

August 30, 2018 by EnergyNow Media

Aug 30, 2018 by Grant Smith and Heesu Lee (Bloomberg) Oil rose to $70 a barrel in New York for the first time in a month after U.S. crude inventories fell more than forecast and as political tensions in the Middle East persisted. West Texas Intermediate futures added as much as 0.8 percent, having climbed … Read more

Strategic Oil & Gas Announces Independent Board Committee and Strategic Alternatives Process

August 30, 2018 by EnergyNow Media

August 29, 2018 | Source: Strategic Oil & Gas Ltd CALGARY, Alberta, Aug. 29, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (TSXV:SOG) (“Strategic” or the “Company”) announces that a special committee of the board of directors of Strategic (the “Committee”) has been established to consider potential strategic alternatives available to the Company. The Committee is comprised of substantially … Read more

Eastern Canada Is Finding New (Non-U.S.) Customers for Its Oil

August 30, 2018 by EnergyNow Media

Aug 30, 2018 by Sheela Tobben (Bloomberg) Canada is finding new customers for its Newfoundland oil. For years, large volumes of oil produced off Canada’s eastern coast were shipped to U.S. refiners. But booming U.S. output has cut the demand from nearby refineries. Newfoundland’s oil exports to countries other than the U.S. are already up … Read more

Five Things to Know in World Business – August 30, 2018

August 30, 2018August 30, 2018 by EnergyNow Media

Aug 30, 2018, by Lorcan Roche Kelly (Bloomberg) Optimism The timing is very tight, but both President Donald Trump and Canadian Prime Minister Justin Trudeau have signaled a new tri-party North American trade deal could be reached ahead of tomorrow’s deadline. Should the talks come to a positive conclusion, any deal could be signed before Mexico’s president-elect, … Read more

OPEC to discuss compensating for Iranian supply drop after U.S. sanctions: Iraqi official

August 30, 2018 by EnergyNow Media

BAGHDAD (Reuters) – OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after U.S sanctions against Tehran start in November, the head of Iraq’s state-oil marketer SOMO, Alaa al-Yasiri, told Reuters on Wednesday. Yasiri said a sudden drop in Iran oil exports will have a negative impact … Read more

As clock ticks, Canada and U.S seek ways to salvage NAFTA

August 30, 2018 by EnergyNow Media

WASHINGTON (Reuters) – Talks between Canada and the United States are intensifying as the two countries push to hammer out a deal on a revamped North American Free Trade Agreement by a Friday deadline, with both sides upbeat about the progress made so far. Despite some contentious issues still on the table, the increasingly positive … Read more

Exxon Tells N.Y. to `Put Up Or Shut Up’ in Climate Change Probe

August 30, 2018 by EnergyNow Media

Aug 29, 2018, by Erik Larson (Bloomberg) Exxon Mobil Corp. told a judge that New York’s attorney general should either sue the company for misleading investors about the financial impact of climate change, or close its probe and move on. “They should put up or shut up,” Exxon’s lawyer, Theodore Wells, said at a hearing … Read more

Today: Trudeau’s Trans Mountain Gamble Faces Major Test in Court Ruling

August 30, 2018 by EnergyNow Media

Aug 30, 2018, by Natalie Obiko Pearson and Kevin Orland (Bloomberg) The Trans Mountain pipeline, which Justin Trudeau’s government is purchasing from Kinder Morgan Inc., faces a major test today as a court decides if the conduit’s long-awaited expansion can advance or gets delayed for years. Canada’s Federal Court of Appeal is scheduled to decide … Read more

Canada’s Silfab to invest $40 mln in U.S. solar panel factory

August 30, 2018 by EnergyNow Media

Aug 30 (Reuters) – Canada’s Silfab Solar, a leading North American solar panel producer, said on Thursday it will spend $40 million to purchase and expand Itek Energy’s solar panel production facility in Bellingham, Washington. The announcement marks the latest in a handful of investments by panel producer companies in the United States since President … Read more

Learn to read P&ID’s and other Engineering Drawings, Calgary September 10-11, 2018 – ACM Facility Training

August 30, 2018 by EnergyNow Media

Piping & Instrumentation Diagrams and Engineering Drawings Interpretation September 10-11, 2018 Calgary, AB Knowing the basics allows people to make their facilities and the world a safer place! 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 … Read more

U.S. Expansion: Frac Shack Announces Grand Opening of New Shop in Frederick, CO.

August 31, 2018August 30, 2018 by EnergyNow Media

Left to Right: Adam Grasty – VP of US Operations, Todd Van Vliet – Chief Executive Officer, Lance Holmstrom – Chief Financial Officer The new Frederick shop will support customers in Colorado and Wyoming and will be a very important operational hub for Frac Shack™ in the Rockies region. Frederick Shop Address: 4037 Salazar Way, Frederick, … Read more

Ottawa loses key Trans Mountain court case, but pushes ahead with pipeline

August 31, 2018August 30, 2018 by The Canadian Press

VANCOUVER — A court has overturned Ottawa’s approval of the contentious Trans Mountain pipeline expansion, halting construction on the project and sending the government back to the review phase to examine the impacts of tanker traffic and consult mor…

Feds say work can resume on most of Mountain Valley Pipeline

August 29, 2018 by The Canadian Press

ROANOKE, Va. — Federal regulators on Wednesday said construction can resume along most of the Mountain Valley Pipeline’s route through West Virginia and southwest Virginia.
The authorization comes less than a month after the Federal Energy Regulatory …

‘More effective than a carbon tax:’ Saskatchewan digs in heels on climate change

August 29, 2018August 29, 2018 by The Canadian Press

MOOSE JAW, Sask. — The Saskatchewan government is doubling down on its climate change strategy and continues to defy Ottawa’s demand it put a price on carbon emissions.
Environment Minister Dustin Duncan says the province is expanding emission limits …

B.C. First Nations group stand firm on Trans Mountain pipeline before vote

August 29, 2018August 29, 2018 by The Canadian Press

VANCOUVER — British Columbia’s union of Indigenous leaders says it remains opposed to the Trans Mountain pipeline expansion as Kinder Morgan Canada shareholders vote Thursday on the federal government’s purchase offer.
Grand Chief Stewart Phillip, pre…

Macro Enterprises Inc. Announces 2018 Second Quarter Results

August 29, 2018 by EnergyNow Media

August 28, 2018 | Source: Macro Enterprises Inc. FORT ST. JOHN, British Columbia, Aug. 28, 2018 (GLOBE NEWSWIRE) — Macro Enterprises Inc. (TSX-V: MCR) – Summary of financial results (thousands of dollars except per share amounts) Three months ended June 30 Six months ended June 30 2018 2017 2018 2017 (unaudited) … Read more

Oil higher on lower Iran exports, rising U.S. supply

August 29, 2018August 29, 2018 by EnergyNow Media

August 29, 2018 Reuters LONDON (Reuters) – Oil prices rose on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in U.S. inventories. U.S. light crude was 50 cents higher at $69.03 a barrel. Benchmark Brent crude oil was up … Read more

Toscana Energy Announces Acquisition of Cortona Energy Ltd.

August 29, 2018 by EnergyNow Media

August 28, 2018 Globe Newswire CALGARY, Alberta, Aug. 28, 2018 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Company”) (TSX: TEI) is pleased to announce the successful closing of its previously announced acquisition of Cortona Energy Ltd. (“Cortona”) for aggregate consideration of approximately $12,000,000.00 (the “Transaction”) as previously described in the July 23, 2018 press release of the … Read more

PetroShale Announces Financial and Operating Results for Second Quarter 2018

August 29, 2018 by EnergyNow Media

August 28, 20185:16 PM CNW CALGARY, Aug. 28, 2018 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2018. The Company’s unaudited consolidated financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period will be … Read more

Wyoming oil basin deals rise as companies look past Permian

August 29, 2018 by EnergyNow Media

August 29, 2018 by EnergyNow Media NEW YORK/HOUSTON (Reuters) – Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming, where pipelines are not congested and land is cheaper than in Texas’ Permian Basin, the world’s fastest-growing oil producing region. A series of largely undisclosed land deals is … Read more

Five Things to Know in World Business – August 29, 2019

August 29, 2018 by EnergyNow Media

Aug 29, 2018, by Lorcan Roche Kelly (Bloomberg) Deal deadline U.S. officials said that there’s no wiggle room on the Friday deadline to complete a new North America trade deal, despite Canada’s Foreign Minister Chrystia Freeland only joining the talks yesterday afternoon. If key issues remain for Justin Trudeau’s Liberal government, markets are nevertheless confident a compromise will be … Read more

IEA sees oil markets tightening toward end of 2018: Birol

August 29, 2018 by EnergyNow Media

NEW DELHI (Reuters) – Global oil markets could tighten toward the end of this year due to strong demand and uncertainty of production in some oil producing nations, the head of the International Energy Agency said. “Definitely there are some worries that oil markets can tighten towards the end of this year and as major … Read more

Canada, U.S. set for second day of NAFTA talks amid growing optimism

August 29, 2018 by EnergyNow Media

WASHINGTON (Reuters) – Canada and United States are set to tackle their contentious issues in bilateral talks on Wednesday, as the two nations work to salvage the North American Free Trade Agreement amid signs Ottawa was open to taking a more conciliatory approach. After more than a year of talks, Mexico and the United States … Read more

California Votes to Require 100% Clean Electricity by 2045

August 29, 2018 by EnergyNow Media

Aug 29, 2018, by Mark Chediak and Christopher Martin (Bloomberg) California lawmakers approved a measure mandating that all electricity come from wind, solar and other clean-energy sources by 2045, marking the state’s biggest step yet in the fight against global warming. The state Assembly voted 43-32 in favor of the legislation Tuesday. It would eliminate … Read more

Significant court decision Thursday could determine Trans Mountain’s fate: experts

August 29, 2018 by EnergyNow Media

August 29, 2018 by The Canadian Press VANCOUVER — A court decision expected Thursday could determine the fate of the contentious Trans Mountain pipeline expansion and further define Canada’s duty to consult with First Nations, experts say. The Federal Court of Appeal is to rule on a case that combined nearly two dozen lawsuits calling for the … Read more

Marksmen Announces Consolidated Financial Results for the three and six months ended June 30, 2018

August 29, 2018 by EnergyNow Media

August 28, 2018 | Source: Marksmen Energy CALGARY, Alberta, Aug. 28, 2018 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSX-V:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and its wholly owned subsidiary Marksmen Energy USA, Inc. announces consolidated financial results for the three and six month periods ended June 30, 2018. The following documents have been filed on SEDAR: Financial … Read more

Dalmac Energy Reports Year End 2018 Financial Results

August 29, 2018August 29, 2018 by EnergyNow Media

August 28, 2018 Source: Dalmac Energy, Inc. EDMONTON, Alberta, Aug. 28, 2018 (GLOBE NEWSWIRE) — John Babic, President and CEO of Dalmac Energy Inc. (“Dalmac”) (TSX Venture “DAL”) is pleased to announce fourth quarter and annual financial results for the fiscal year ended April 30, 2018 FINANCIAL HIGHLIGHTS Change Change (000’s Cdn Dollars, except per share data) Q4’18 … Read more

Parkland Fuel Corporation Announces Acquisition of Missouri Valley Petroleum

August 29, 2018 by EnergyNow Media

Acquisition to drive growth in commercial fuels across North Dakota August 28, 2018 | Source: Parkland Fuel Corporation CALGARY, Alberta, Aug. 28, 2018 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”) (TSX:PKI) Canada’s largest and one of North America’s fastest growing independent marketers of fuel and petroleum products and a leading convenience store operator, … Read more

Pieridae Energy second quarter reports

August 29, 2018 by EnergyNow Media

August 28, 2018 | Source: Pieridae Energy Limited NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, Aug. 28, 2018 (GLOBE NEWSWIRE) — Pieridae Energy Limited (PEA-TSXV) is pleased to announce that it has filed its second quarter unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the … Read more

Improving Project Collaboration and Execution – Starting with The End in Mind – EventWorx

August 29, 2018 by EnergyNow Media

It’s becoming critically important these days for companies to find more efficient and effective ways to design and deliver projects. And broad-based project collaboration is key to delivering safe, responsible, sustainable and technically-sound projects that are executed on-time and on-budget. An upcoming workshop hosted during the Chemistry Canada Summit will provide a platform for industry … Read more

Imperial Oil vows to employ oilsands technology to cut GHG intensity by 10%

August 29, 2018August 29, 2018 by The Canadian Press

CALGARY — Imperial Oil Ltd. is pledging to cut its oilsands greenhouse gas emissions per barrel by 10 per cent over the next five years as it ramps up production and works to get in line with increasingly stringent environmental regulation.
CEO Rich K…

Trudeau Has Nafta Wiggle Room But Will Resist on One Big Issue

August 28, 2018 by EnergyNow Media

Aug 28, 2018 by Josh Wingrove and Greg Quinn (Bloomberg) The rush is on for Canada to get a Nafta deal, though a key stumbling block remains. As analysts began parsing summaries of a partial U.S.-Mexico deal announced Monday, most details didn’t jump out as deal-breakers for the other partner in the 24-year-old continental trade … Read more

Commentary: Trudeau Liberals botched NAFTA negotiations: Lilley

August 29, 2018August 28, 2018 by EnergyNow Media

Prime Minister Justin Trudeau (Chad Hipolito/The Canadian Press) Chad Hipolito / The Canadian Press Justin Trudeau could have been a contender. Now he has Canada sitting on the outside as the United States and Mexico finalize an agreement in principle on what used to be called NAFTA. “They used to call it NAFTA, we’re going to call it … Read more

Oil touches seven-week highs after signs of tighter supply

August 29, 2018August 28, 2018 by EnergyNow Media

August 28, 2018 Reuters LONDON (Reuters) – The oil price rose toward its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and improving Chinese refinery demand. U.S. crude futures were up 3 cents at $68.90 a barrel. Brent crude oil futures were up 47 cents at $76.68 a … Read more

Tesla’s U-turn puts it back at square one on cash

August 28, 2018 by EnergyNow Media

NEW YORK (Reuters) – Elon Musk’s take-private plans for Tesla Inc have evaporated, but the company’s looming debt needs remain. With a debt load of about $10.5 billion and the possibility of an impending cash shortfall, Wall Street expects the luxury electric carmaker may need to raise funds before long. Tesla Chief Executive Musk said … Read more

Iran president asks Europe for guarantees on banking channels and oil sales

August 28, 2018 by EnergyNow Media

(Reuters) – Iranian President Hassan Rouhani on Monday urged the remaining signatories to its 2015 nuclear agreement to act to save the pact, although France’s leader called again for broader talks on Tehran’s missile program and its role in the Middle East region. In a phone call to French President Emmanuel Macron, Rouhani said Iran … Read more

Five Things to Know in World Business – August 28, 2018

August 28, 2018 by EnergyNow Media

Aug 28, 2018, by Lorcan Roche Kelly (Bloomberg) Not Nafta President Donald Trump said the U.S. is pursuing a trade accord with Mexico to replace the North American Free Trade Agreement. For his part, Mexican President Enrique Pena Nieto said he’s “quite hopeful” Canada would soon be incorporated in the new arrangement. Whatever branding is … Read more

U.S., Mexico reach NAFTA deal as pressure turns to Canada

August 28, 2018 by EnergyNow Media

WASHINGTON (Reuters) – The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to the new terms on auto trade and other issues to remain part of the three-nation pact. U.S. President Donald Trump and outgoing Mexican President Enrique Pena Nieto said … Read more

Perpetual Energy Inc. Announces Defence of Opportunistic Claims Relating to Sequoia Resources Corp. and Seeks Summary Dismissal of All Claims

August 28, 2018 by EnergyNow Media

August 27, 2018 CNW CALGARY, Aug. 27, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announces that it has filed a Statement of Defence and Application for Summary Dismissal with the AlbertaCourt of Queen’s Bench (the “Court”) in response to the opportunistic Statement of Claim filed by PricewaterhouseCoopers Inc. LIT (“PwC”), in its capacity as trustee in … Read more

Raise Production Inc. Announces New Director

August 28, 2018 by EnergyNow Media

August 27, 2018 | Source: Raise Production Inc. CALGARY, Alberta, Aug. 27, 2018 (GLOBE NEWSWIRE) — Raise Production Inc. (TSX-V:RPC) (“Raise” or the “Company”) is pleased to announce the addition of Mr. Thomas Kehoe to its Board of Directors, subject to regulatory approval. Mr. Kehoe is currently the Chairman of Abiwin Ventures Limited, a private investment company … Read more

Parkland Fuel Corporation Completes the Acquisition of Rhinehart Oil Co.

August 28, 2018 by EnergyNow Media

The acquisition provides a key platform for expansion of Parkland’s business and operations in the United States August 27, 2018 | Source: Parkland Fuel Corporation CALGARY, Alberta, Aug. 27, 2018 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”) (TSX:PKI) is pleased to announce that Parkland, through a U.S.-based subsidiary, has successfully completed the previously … Read more

CES Energy Solutions Corp. Announces Appointment of Chief Financial Officer

August 28, 2018 by EnergyNow Media

August 28, 2018 ET | Source: CES Energy Solutions Corp. CALGARY, Alberta, Aug. 28, 2018 (GLOBE NEWSWIRE) — CES Energy Solutions Corp. (“CES” or the “Company”) (TSX: CEU and OTC – Nasdaq Intl: CESDF) is pleased to announce the appointment of Anthony (Tony) Aulicino as its Chief Financial Officer (“CFO”), effective October 1, 2018. Tony comes to CES from Scotiabank … Read more

Loonie’s Gains Are at Risk as Focus Turns to BOC From Trade Deal

August 28, 2018August 28, 2018 by EnergyNow Media

Aug 27, 2018 by Lananh Nguyen (Bloomberg) The next few weeks are looking bad for the CAD, even as Canada looks like it’s about to rejoin Nafta talks, according to Toronto-Dominion Bank. The Canadian dollar gained about 0.4 percent after the U.S. and Mexico reached a bilateral deal to revamp the North American Free Trade … Read more

Reconsider Energy East and get Canada off Saudi oil & away from its terrible civil rights record

August 28, 2018August 28, 2018 by EnergyNow Media

August 27, 2018 Kenneth P. Green – Fraser Institute Canada’s escalating spat with Saudi Arabia raises an obvious question. Why is Canada, sitting on the world’s third-largest oil reserves, importing some 87 thousand barrels of oil per day from Saudi Arabia, a country with a terrible civil rights record? Saudi Arabia is some 9,625 kilometres from Quebec, where … Read more

August 30, 2018 – Gregg Jollymore’s Celebration of Life Notice

August 29, 2018August 28, 2018 by EnergyNow Media

Upcoming Services for Gregg MacKay Jollymore A Celebration of Life honoring Gregg will be held on Thursday, August 30, 2018 at 2 PM at the Cochrane Ranche House (101 Ranchehouse Rd., Cochrane, AB). Gregg was an oil patch veteran who most recently was the VP – Canadian Operations with Grant Production Testing of Calgary. We … Read more

Allison Maria joins the Sales & Marketing Team at EnergyNow

August 28, 2018August 27, 2018 by EnergyNow Media

EnergyNow is pleased to welcome Allison Maria to the EnergyNow team. Allison comes to EnergyNow with more than 12 years of business development experience in Calgary and Edmonton. She will combine this business development experience with her marketing education to assist companies in reaching their maximum brand exposure and marketing through EnergyNow’s digital marketing platforms. … Read more

Trump Says He’ll End Nafta After Reaching New Deal With Mexico: Canada Urged to Join

August 27, 2018 by EnergyNow Media

(Bloomberg) President Donald Trump said the U.S. is signing a new trade accord with Mexico to replace the North American Free Trade Agreement and called on Canada to join the deal soon or risk being left out. Trump announced the agreement with Mexico in a hastily arranged Oval Office event Monday with Mexican President Enrique … Read more

Saskatchewan fiscal update: More revenue, more spending, smaller deficit

August 27, 2018August 27, 2018 by The Canadian Press

REGINA — The Saskatchewan government says higher oil and potash prices will mean more money for the province this year.
But Finance Minister Donna Harpauer says she’s not sure that situation will last and that’s why the government must balance its bud…

Pulse Oil Corp. Announces Successful Phase One Completion of the Bigoray Enhanced Oil Recovery Modelling Project

August 27, 2018August 27, 2018 by EnergyNow Media

August 27, 2018 CNW CALGARY, Aug. 27, 2018 /CNW/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) announced today Pulse, via its contracted technical consultant announced on May 7, 2018, has completed Phase One of the Bigoray Enhanced Oil Recovery (EOR) Modelling Project. The purpose of the modelling project is to create a dynamic reservoir … Read more

Oil Holds Above $68 as U.S. Rigs Drop at Fastest Pace Since 2016

August 27, 2018 by EnergyNow Media

Aug 27, 2018 by Tsuyoshi Inajima and Paul Burkhardt (Bloomberg) Oil held above $68 a barrel on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the U.S. and Mexico. Futures in New York were little changed, following a 1.3 percent gain on Friday. Working oil rigs in the U.S. … Read more

U.S.-Mexico Nafta Deal May Come Monday, Creating Canada Opening

August 27, 2018August 27, 2018 by EnergyNow Media

The flags of Canada, Mexico and the U.S. are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico March 5, 2018. REUTERS/Edgard Garrido

Aug 27, 2018 by Eric Martin, Jennifer Jacobs and Josh Wingrove (Bloomberg) The U.S. and Mexico are close to resolving their Nafta differences and may wrap up as soon as Monday, creating an opening for Canada to rejoin talks between countries that trade more than a trillion dollars annually. As has been the case over … Read more

AltaGas Continues to Execute on Growth Strategy in Northeast BC with Investment in Townsend Infrastructure for Liquid Rich Montney Development

August 27, 2018 by EnergyNow Media

August 27, 2018 CNW Expansion of the Townsend Complex and capture area coupled with enhanced NGL recovery will provide producers with more options for energy exports CALGARY, Aug. 27, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has entered into definitive agreements with Kelt Exploration (LNG) Ltd. (“Kelt”) to provide an energy infrastructure solution for … Read more

Second well spud at Kakwa North – Questerre Energy

August 27, 2018 by EnergyNow Media

August 27, 2018 | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Aug. 27, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) updated activities at Kakwa North, offsetting its joint venture production … Read more

Five Things to Know in World Business – August 27, 2018

August 27, 2018 by EnergyNow Media

Aug 27, 2018, by Lorcan Roche Kelly (Bloomberg) Hawks circle The failure of Chinese and U.S. officials to make any progress on trade between the world’s two largest economies last week means that China hawks within the Trump administration are likely to have the upper hand going into the fall. Given President Donald Trump’s threat … Read more

Switching Gears: Musk’s U-turn on going private could intensify his legal, regulatory woes

August 27, 2018August 27, 2018 by EnergyNow Media

WASHINGTON (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said. Explaining his reversal in a late-night blog post on Friday, the billionaire CEO said … Read more

Drilling’s Digital Transformation: See the players on the cutting edge of technology – Aimsio

August 27, 2018 by EnergyNow Media

Exciting changes are happening as upstream companies make the transition from manual processes to digitization and automation. Let’s take a look at some of the most recent tech innovations as well as what’s next for the industry. Nabors Nabors RigWatchⓇNavigatorTM software uses historical data along with real-time downhole information to provide the driller with “automated directional drilling … Read more

The Magic of Close Ended Sales Questions – Sandler Training

August 27, 2018 by EnergyNow Media

Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary “I didn’t hear any close ended questions at our last joint sales call. Maybe I missed them.” “No, I don’t ask close ended questions.” “Because?” “At my previous company my Sales Manager didn’t believe in them. … Read more

U.S. drillers cut most oil rigs in over 2 years

August 27, 2018August 27, 2018 by EnergyNow Media

August 24, 2018 Reuters U.S. energy companies cut nine oil drilling rigs last week, the biggest reduction since May 2016, following a recent decline in crude prices. The oil rig count fell to 860 in the week to Aug. 24, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. … Read more

Fracking robots in the works as Halliburton digitizes oil field

August 27, 2018August 27, 2018 by EnergyNow Media

By Bloomberg Rack up one more thing robots can be used for: Fracking for oil. Bots already are used to vacuum floors, build cars and do heart surgery. Now, Halliburton Co. wants to add fracking to the to-do list. The world’s biggest provider of the technique that unlocks oil and natural gas from shale rock … Read more

Canada Weekly Rig Count Up 17 for Week Ending August 24, 2018

August 27, 2018August 27, 2018 by EnergyNow Media

Canada’s drilling rig count increased by 17 actively drilling rigs according to data collected by Baker Hughes for the week of August 24th. From one week ago, Alberta rig counts increased 14 to 159 and the Saskatchewan rig counts increased 3 to 49. Oil drilling went up 12 to 153 and gas increased 5 to … Read more

Federal Court of Appeal decision on Trans Mountain coming this week

August 27, 2018August 27, 2018 by The Canadian Press

VANCOUVER — The Federal Court of Appeal is scheduled to release its decision next week in a case that combined nearly two dozen lawsuits calling for the National Energy Board’s review of the Trans Mountain pipeline to be overturned.
The board, Trans M…

A Rare Opportunity for Investors: Catch the Energy Schachter Energy Conference 2018 – Saturday, September 29th, 2018

August 26, 2018August 26, 2018 by EnergyNow Media

This conference is a rare opportunity for Active Investors interested in the Energy Sector to interact with over twenty Energy / Energy Service company executives who will share their stories and answer audience questions in a moderated format. Usually, investors must attend numerous corporate AGMs or spend hours online trying to put all this information … Read more

Oil surges as China demand resumes, signs that Iran supply curbed

August 24, 2018 by EnergyNow Media

August 24, 2018 Reuters NEW YORK (Reuters) – Oil prices surged 2 percent on Friday and were on track to end a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China’s appetite for U.S. crude. U.S. crude was $1.20 higher at $69.03. U.S. … Read more

Goldboro LNG proponent strikes deal to merge with Alberta gas producer

August 24, 2018 by The Canadian Press

CALGARY — The proponent of an LNG export terminal in Nova Scotia has struck a deal to merge with an Alberta natural gas producer.
In a joint news release, Pieridae Energy Ltd. CEO Alfred Sorensen says the merger with Ikkuma Resources Corp. is a key st…

Judge rules Dakota Access developer can’t sue Earth First

August 24, 2018 by The Canadian Press

BISMARCK, N.D. — A federal judge has dismissed a second defendant from a $1 billion racketeering lawsuit that the developer of the Dakota Access oil pipeline filed against environmental groups, leaving Greenpeace as the only remaining group facing the…

Enbridge Announces Definitive Agreement to Acquire All Public Equity of Spectra Energy Partners, Advances Corporate Structure Simplification

August 24, 2018 by EnergyNow Media

August 24, 2018 CALGARY and HOUSTON, TX, Aug. 24, 2018 /PRNewswire/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) on behalf of itself and certain of its wholly owned US subsidiaries and Spectra Energy Partners, LP (NYSE:SEP) (SEP) today announced that they have entered into a definitive agreement (“Agreement”) under which Enbridge will acquire all of the outstanding public … Read more

Why Carbon Price at Highest in a Decade Won’t Save the Planet

August 24, 2018 by EnergyNow Media

Aug 24, 2018, by Jeremy Hodges (Bloomberg) Even after reaching their highest in a decade, the cost of carbon in Europe isn’t anywhere close to where they need to be to dramatically reduce greenhouse gas emissions. Carbon futures in the EU’s Emissions Trading System moved past their highest point in a decade this week, surpassing … Read more

Canada’s Enbridge to buy Spectra Energy for $3.3 billion U.S.

August 24, 2018 by EnergyNow Media

(Reuters) – Enbridge Inc, Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion U.S. Pipeline companies are reorganizing their business structure after the U.S. Federal Energy Regulatory Commission in March stopped them from claiming an income tax allowance as … Read more

Five Things to Know in World Business – August 24, 2018

August 24, 2018 by EnergyNow Media

Aug 24, 2018, by Lorcan Roche Kelly (Bloomberg) Trade, off Two days of low-level talks failed to yield any progress on the trade standoff between the world’s two largest economies. With Chinese officials raising the possibility of no further discussions with the U.S. before November’s mid-term elections, it seems likely that the tariff war between … Read more

Grand Saudi Vision Loses Luster After Aramco IPO Put on Hold

August 24, 2018 by EnergyNow Media

Aug 24, 2018 by Matthew Campbell and Glen Carey (Bloomberg) The sale of shares in Saudi Arabia’s oil giant was supposed to underpin Crown Prince Mohammed bin Salman’s grand plan to transform an insular, oil-dependent kingdom into a 21st century economy. Floating Aramco abroad would expose the most important Saudi company to the scrutiny of … Read more

Oil Rises on Supply Risks After Longest Losing Run Since 2015

August 24, 2018 by EnergyNow Media

Aug 24, 2018 by Grant Smith and Sharon Cho (Bloomberg) Oil rose in New York and headed for its first weekly gain in two months amid signs of tighter supply from the North Sea to the Middle East. Futures in New York are headed for a gain of almost 4 percent this week, ending their … Read more

Pieridae and Ikkuma to Complete a Business Combination

August 24, 2018 by EnergyNow Media

August 24, 2018 | Source: Pieridae Energy Limited NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, Aug. 24, 2018 (GLOBE NEWSWIRE) — Pieridae Energy Limited (PEA-TSXV) (“Pieridae”) and Ikkuma Resources Corp. (IKM-TSXV) (“Ikkuma”) announce they have entered into a definitive agreement dated August 23, 2018 (the “Arrangement Agreement”) providing for the … Read more

Canada should bring in stronger rail cars for crude before 2025: Kathy Fox

August 24, 2018August 24, 2018 by EnergyNow Media

MONTREAL (Reuters) – Canada ought to require stronger tank cars for transporting flammable liquids sooner than the current deadline in 2025, Transportation Safety Board Chair Kathy Fox said on Thursday, noting that crude-by-rail shipments are expected to rise in the country. “We understand that it can’t happen all at once. But we’d like to see … Read more

Marksmen Announces Operational Update

August 24, 2018 by EnergyNow Media

August 23, 2018 | Source: Marksmen Energy CALGARY, Alberta, Aug. 23, 2018 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) and its wholly owned subsidiary Marksmen Energy USA, Inc. announces the following: Operational Update At the Leaman #1 Horizontal well in Hocking County, Ohio, Marksmen is a 60 % working interest owner in this well … Read more

Supreme Court quashes Burnaby’s challenge of Trans Mountain pipeline

August 24, 2018August 24, 2018 by EnergyNow Media

August 23, 2018 The Canadian Press OTTAWA – The Supreme Court has dismissed an appeal by the City of Burnaby on construction of the Trans Mountain pipeline expansion, one of the last court challenges to a project that has pitted British Columbia and First Nations against Alberta and Ottawa. Burnaby asked the country’s highest court … Read more

North American markets slide as metals take a hit amid trade angst

August 23, 2018August 23, 2018 by The Canadian Press

TORONTO — North American stock markets slipped slightly lower Thursday as metals took a hit amid trade uncertainty and the U.S. and China imposed tariffs on each other’s goods.
Markets have been volatile but have traded in the summer on headlines, sai…

Point Loma Resources Announces Second Quarter 2018 Financial and Operating Results

August 23, 2018 by EnergyNow Media

August 23, 2018 Filing Services Canada Calgary, Alberta (FSCwire) – Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to report financial and operating results for the three and six months ended June 30, 2018. Highlights of the period and additional updates are summarized below: HIGHLIGHTS Current oil and NGL production has increased … Read more

Traverse Energy Announces 2018 Second Quarter Results

August 23, 2018 by EnergyNow Media

August 22, 2018 Globe Newswire CALGARY, Alberta, Aug. 22, 2018 (GLOBE NEWSWIRE) — Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture:TVL) presents financial and operating results for the three and six months ended June 30, 2018. Three months ended June 30, Six months ended June 30, Highlights (unaudited) 2018 2017 2018 2017 Financial ($ thousands, except … Read more

Canadian oil pipeline faced delay, work proceeding: minister

August 23, 2018August 23, 2018 by EnergyNow Media

NANAIMO, British Columbia (Reuters) – Canada’s resource minister said on Wednesday that construction on the Trans Mountain project had faced a delay, but he did not provide an update on when the expansion of the oil pipeline from Alberta to British Columbia’s coast would be complete. The Canadian government agreed in May to buy the … Read more

Oil Trades Near Two-Week High After U.S. Inventories Plunge

August 23, 2018 by EnergyNow Media

Aug 23, 2018 by Grant Smith and Tsuyoshi Inajima (Bloomberg) Oil traded near the highest closing level in two weeks after U.S. crude inventories declined more than forecast. Futures in New York were little changed after capping a five-day run of gains on Wednesday. Nationwide stockpiles declined 5.84 million barrels last week, the Energy Information … Read more

Canadian Banks to Post Profit Gains on Rising Interest Rates

August 23, 2018August 23, 2018 by EnergyNow Media

by Doug Alexander (Bloomberg) Canadian banks will likely report profit gains of as much as 10 percent in the third quarter as four rate increases by the Bank of Canada make consumer and commercial loans more profitable. Canada’s six largest lenders are expected to post average adjusted earnings growth ranging from 7 percent to 10 … Read more

Five Things to Know in World Business – August 23, 2018

August 23, 2018 by EnergyNow Media

Aug 23, 2018, by Lorcan Roche Kelly (Bloomberg) Staying the path The minutes of the most recent Federal Open Market Committee published yesterday showed that policy makers at the bank are willing to raise rates again, so long as the U.S. economy remains healthy. The dollar is higher this morning against most of its peers as … Read more

Colorado Bid to Block Oil Drilling Muddies Political Lines

August 23, 2018 by EnergyNow Media

Aug 23, 2018, by Catherine Traywick (Bloomberg) Colorado’s Democratic candidate for governor once bankrolled efforts to restrict fracking. Now, he’s working hard to reassure the state’s oil explorers that he’s on their side. A ballot proposal to limit drilling in the state has sent stocks of oil and gas producers on a roller coaster ride … Read more

Cordy Oilfield Services Inc. Reports Second Quarter 2018 Results

August 22, 2018 by EnergyNow Media

August 22, 2018 ET | Source: Cordy Oilfield Services Inc. CALGARY, Alberta, Aug. 22, 2018 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released today its second quarter 2018 results. Three months ended June 30, Six months ended June 30, ($ 000’s) 2018 2017 ($) Change 2018 2017 ($) Change Revenue Environmental Services … Read more

Connacher Announces Meetings of Creditors and Supplemental Claims Procedure

August 22, 2018 by EnergyNow Media

August 22, 2018 CNW CALGARY, Aug. 22, 2018 /CNW/ – Connacher Oil and Gas Limited (“Connacher” or the “Company“) announced today that its amended and restated plan of compromise and arrangement dated August 13, 2018(the “Plan“) has been accepted for filing by the Court of Queen’s Bench of Alberta (the “Court“) in connection with the Company’s restructuring proceedings under the Companies’ Creditors Arrangement … Read more

Hemisphere Energy Announces Q2 2018 Financial and Operating Results

August 22, 2018 by EnergyNow Media

August 22, 2018 CNW TSX-V: HME – VANCOUVER, Aug. 22, 2018 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) announces its financial and operating results for the three and six months ended June 30, 2018. Q2 2018 HIGHLIGHTS Achieved record quarterly average production of 1053 boe/d (96% oil), a 76% increase over the second quarter of 2017. … Read more

Aramco listing plan halted, oil giant disbands advisors – sources

August 22, 2018 by EnergyNow Media

LONDON/RIYADH (Reuters) – Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday. The financial advisors working on the proposed listing have been disbanded, as Saudi Arabia shifts its attention to a proposed … Read more

Iran says Israel, U.S. will be targeted if Washington attacks

August 22, 2018 by EnergyNow Media

LONDON (Reuters) – A senior Iranian cleric warned Washington on Wednesday that if it attacked Iran, the United States and allied Israel would be targeted, as a war of words escalated after the United States reimposed sanctions on Iran. Ahmad Khatami also told worshippers attending Eid prayers in Tehran that President Donald Trump’s offer of … Read more

Big oil asks government to protect it from climate change

August 22, 2018August 22, 2018 by The Canadian Press

PORT ARTHUR, Texas — As the nation plans new defences against the more powerful storms and higher tides expected from climate change, one project stands out: an ambitious proposal to build a nearly 60-mile “spine” of concrete seawalls, earthen barrier…

Crude-by-rail exports above 200,000 barrels per day for the first time in June

August 23, 2018August 22, 2018 by The Canadian Press

CALGARY — The National Energy Board says crude-by-rail exports from Canada set another record in June, rising to 204,558 barrels per day.
That’s up almost three per cent from 198,800 in May and 86 per cent from 109,500 in June 2017.
In a report Wednes…

Catch 23 Energy Sector Investments in One Day!! Don’t Miss This! – SCHACHTER ENERGY CONFERENCE 2018: Saturday September 29th, 2018 – Telus Convention Centre: DETAILS & REGISTRATION HERE

August 24, 2018August 22, 2018 by EnergyNow Media

Catch 23 Energy Sector Investments in One Day!! Don’t Miss This! When: Saturday, September 29th, 2018 Where: Telus Convention Centre, Calgary This conference is a rare opportunity for Active Investors interested in the Energy Sector to interact with over twenty Energy / Energy Service company executives who will share their stories and answer audience questions in … Read more

Suncor restarting Edmonton refinery after power outage stalls production

August 23, 2018August 22, 2018 by The Canadian Press

CALGARY — Suncor Energy Inc. says it is in the process of restarting production at its Edmonton refinery after it was knocked offline by a power outage on Tuesday afternoon.
The company, which owns Petro-Canada stations across Canada, is warning resid…

How to Review a Digital Strategy for Your Company- Geoffrey Cann

August 22, 2018 by EnergyNow Media

By Geoffrey Cann Recently a company asked me to carry out an independent review of their digital strategy and to suggest possible improvements. Here’s how I approached it. A CHALLENGING QUESTION The company had been into digital innovation for over a year, and they wanted to get an outside-in look at their digital strategy, to see how they were travelling. They had acknowledged the wave … Read more

Saturn Oil & Gas Inc. Continues to Grow with Success at Recent Crown Land Sale

August 22, 2018 by EnergyNow Media

August 21, 2018 | Source: Saturn Oil + Gas Inc SASKATOON, Saskatchewan, Aug. 21, 2018 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to announce that the Company was successful bidder on certain targeted parcels at the recent Crown land sale on August 14th, 2018. The Company … Read more

Raise Production Inc. Announces Second Quarter Financial Results and Provides Operations Update

August 22, 2018 by EnergyNow Media

August 21, 2018 | Source: Raise Production Inc. CALGARY, Alberta, Aug. 21, 2018 (GLOBE NEWSWIRE) — Raise Production Inc. (TSX-V: RPC) (“Raise” or the “Company”) has released its financial results for the three and six months ended June 30, 2018. PRESIDENT’S UPDATE The Company is pleased to provide an update to its shareholders on its financial results … Read more

Oil Surges After Data Shows Steep Drop in U.S. Crude Inventories

August 22, 2018 by EnergyNow Media

Aug 22, 2018 by Grant Smith (Bloomberg) Oil surged in New York after an industry group reported a steep drop in U.S. crude stockpiles. Futures for October added as much as 1.8 percent after the September contract settled at a one-week high when it expired Tuesday. Inventories fell by 5.17 million barrels last week, the … Read more

Planes and Trains Oust Miners From Top Ranks of Canada Benchmark

August 22, 2018 by EnergyNow Media

Aug 21, 2018 by Kristine Owram (Bloomberg) Companies that make and move things are now a bigger part of Canada’s stock market than those that dig them up. Industrial stocks such as Canadian National Railway Co., ATS Automation Tooling Systems Inc. and plane maker Bombardier Inc. have surpassed materials as the third-largest sector on the … Read more

OPEC’s Good Year Can’t Mask a Broader Fragility: Liam Denning

August 22, 2018 by EnergyNow Media

Aug 22, 2018, by Liam Denning Commentary The latest U.S. assessment of how much money OPEC rakes in from oil exports confirmed one thing: Cutting supplies worked. In its annual OPEC Revenues Fact Sheet, released Tuesday, the Energy Information Administration estimates OPEC’s export revenue was $567 billion in 2017, up 26 percent in real terms. That’s … Read more

Five Things to Know in World Business – August 22, 2018

August 22, 2018August 22, 2018 by EnergyNow Media

Aug 22, 2018, by Lorcan Roche Kelly (Bloomberg) Two down President Donald Trump’s former campaign chairman became a convicted felon and his longtime lawyer implicated him in a crime at almost the same moment yesterday. The conviction of Paul Manafort on eight counts of tax and bank fraud charges gives a boost to Special Counsel Robert … Read more

Electric Trucks Facing Long Road to Unseat Diesel Engines

August 22, 2018 by EnergyNow Media

Aug 22, 2018, by Brianna Jackson (Bloomberg) The next battleground for replacing fossil fuel-guzzling vehicles will be U.S. interstate highways, where long-haul trucks keep the economy moving. Electric trucks are coming, and they’ll be cleaner and cheaper to operate than conventional models that burn diesel, according to Tesla Inc., which already has prototypes on the road. Diesel … Read more

Deal-hungry investment bankers walk Tesla tightrope

August 22, 2018 by EnergyNow Media

(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk’s contemplated $72 billion take-private deal is presenting investment bankers with a dilemma: overlook concerns about how feasible it is or risk missing out on what could be this year’s biggest and most high-profile acquisition. Musk did not just catch investors and analysts off guard earlier this … Read more

Canada’s ultra-cheap natural gas drives hopes of petrochemical boom

August 22, 2018 by EnergyNow Media

Reuters) – Canada’s gas-rich province of Alberta is looking to recreate the building boom spreading along the U.S. Gulf Coast, where inexpensive natural gas generated billions of dollars in investment by petrochemical companies. The adoption by drillers of fracking technology to unlock oil and gas from shale rock expanded U.S. production dramatically starting a decade … Read more

Baytex and Raging River Receive Shareholder and Court Approval for Strategic Combination

August 22, 2018August 22, 2018 by EnergyNow Media

August 21, 2018 Globe Newswire CALGARY, Alberta, Aug. 21, 2018 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) and Raging River Exploration Inc. (“Raging River”)(TSX: RRX) are pleased to announce that shareholders of Raging River (“Raging River Shareholders”) and Baytex (“Baytex Shareholders”) have today approved their previously announced strategic combination (the “Transaction”). The Transaction will … Read more

Alberta to roll out automated oil project review system to save time & money

August 22, 2018August 22, 2018 by EnergyNow Media

Alberta is implementing a new automated system for assessing proposed energy projects that it says will speed up reviews and save industry money, with plans to have the system fully operational by 2021. It says the new system, known as an Integrated Decision Approach (IDA), will allow companies to submit one application to cover the … Read more

Point Loma Resources Announces Closing of Additional Working Interest in Recent Oil Acquisition

August 21, 2018 by EnergyNow Media

August 21, 2018 Filing Services Canada Calgary, Alberta – Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has closed the acquisition (the “Acquisition”) of an additional working interest in an oil property acquired in June 2018. The purchase price of the Acquisition is $270,000.00, before customary closing … Read more

Alaska North Slope a ‘Super Basin’ Ready for Oil Resurgence as Oil Production Expected to Grow 40 Percent in Eight Years, IHS Markit Says

August 21, 2018 by EnergyNow Media

HOUSTON–(BUSINESS WIRE)–The Alaska North Slope (ANS) Basin — a prolific source of U.S. oil production previously limited by a number of barriers to entry including cost and access — is poised to re-emerge as a major source of U.S. energy production, with crude oil output potentially increasing as much as 40 percent during the next … Read more

States blast Trump administration coal plan, mull lawsuits

August 21, 2018 by The Canadian Press

HARTFORD, Conn. — States with a history of fighting air pollution generated by coal-fired power plants on Tuesday criticized a move by President Donald Trump’s administration to scale back federal restrictions on emissions, with some threatening court…

U.S., Mexico push for NAFTA autos deal, eye Canada’s return

August 21, 2018 by EnergyNow Media

WASHINGTON (Reuters) – U.S. and Mexican trade ministers were set to resume talks over the North American Free Trade Agreement in Washington on Tuesday in a final push for a deal on autos that would open the door for Canada to return to negotiations this week. If Mexican Economy Minister Ildefonso Guajardo and U.S. Trade … Read more

Pension fund for Ontario city employees invests $1.87 billion in Texas pipeline

August 21, 2018August 21, 2018 by The Canadian Press

TORONTO — The Ontario Municipal Employees Retirement System has an agreement to pay $1.87 billion for a 50 per cent stake in BridgeTex Pipeline Company, LLC, which owns a pipeline system that carries crude oil from West Texas to Houston.
The two compa…

Investors: Winter is Coming and Artic Therm is Ready – Enterprise Group

August 21, 2018 by EnergyNow Media

[Enterprise Group (E:TO)] Whether pro-pipeline or con, most have no idea the science and safety protocols employed when an oil or natural gas line is laid. The general consensus –that a truckload of pipe is rolled up to a ditch and dumped in is— in a word, crazy. Why Artic Therm? Since 1997, pioneers in … Read more

Oil Gains Before Supply Data While U.S. Taps Strategic Reserves

August 21, 2018 by EnergyNow Media

Aug 21, 2018 by Grant Smith (Bloomberg) Oil rose in low trading volumes before weekly crude inventory data in the U.S., where the government is proceeding with further sales of crude from its strategic reserves. Futures in New York added 1.2 percent. The U.S. government will offer 11 million barrels of crude from its Strategic … Read more

U.S. Offers 11 Million Barrels of Oil as Iran Sanctions Kick In

August 21, 2018 by EnergyNow Media

Aug 21, 2018, by Stephen Cunningham (Bloomberg The U.S. plans to release 11 million barrels of oil from its 660-million-barrel emergency stockpile, just as American sanctions on Iranian oil exports kick in. The sour, high-sulfur crude will hit the market in October and November, according to a notice of sale from the Energy Department. That … Read more

China defies U.S. pressure as EU parts ways with Iranian oil

August 21, 2018 by EnergyNow Media

BEIJING/SINGAPORE (Reuters) – China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline while European companies such as France’s Total are walking away due to fear of reprisals from Washington. The United States is trying to halt Iranian oil exports in an … Read more

Five Things to Know in World Business – August 21, 2018

August 21, 2018 by EnergyNow Media

Aug 21, 2018, by Lorcan Roche Kelly (Bloomberg) Wrong way Powell President Donald Trump lamented to wealthy donors at a Hamptons fundraiser that Jerome Powell raised rates instead of being the cheap-money Fed chairman he’d sought, according to three people present at Friday’s event. In an interview with Reuters, Trump doubled down on the comments saying that he … Read more

Corridor Announces Commencement of a Normal Course Issuer Bid

August 21, 2018 by EnergyNow Media

August 21, 2018 | Source: Corridor Resources Inc. HALIFAX, Nova Scotia, Aug. 21, 2018 (GLOBE NEWSWIRE) — (TSX – CDH): Corridor Resources Inc. (“Corridor” or the “Company”) today announced that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with a normal course issuer bid (the “Bid”) Pursuant to the Bid, Corridor may purchase up … Read more

High Arctic Announces Acquisition of Powerstroke and Expansion into the United States

August 21, 2018August 21, 2018 by EnergyNow Media

August 20, 2018 | Source: High Arctic Energy Services Inc. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, Aug. 20, 2018 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc (“High Arctic”) is pleased to … Read more

Iron Bridge’s Dismal Second Quarter Results Show Material Underperformance and Financial Distress; Reinforce Velvet Energy’s Offer as the Superior Value Maximization Alternative for Iron Bridge Shareholders

August 21, 2018 by EnergyNow Media

August 21, 2018 | Source: Velvet Energy Ltd. Material underperformance underscores why Iron Bridge shareholders should tender to Velvet’s all-cash offer Several independent analyst reports note that Iron Bridge’s common shares would trade well below $0.75 per share, absent Velvet Energy’s offer Our premium, all-cash offer, provides shareholders with certainty of avoiding the dilutive impact of any … Read more

Irving Oil signs deal to acquire Irish-based group of energy companies

August 21, 2018August 21, 2018 by The Canadian Press

SAINT JOHN, N.B. — Irving Oil says it is expanding its reach with agreements to acquire an Irish-based energy marketing and distribution group of companies.
The New Brunswick-based Irving announced today it has signed a deal with Tedcastle, which oper…

MNP Oil and Gas Announces New Name & New Leader

August 21, 2018August 21, 2018 by EnergyNow Media

MNP Oil and Gas We’ve Changed Our Name For more than 100 years, the oil and gas industry in Canada has driven innovation, employment and the economy. The sector has branched off into a multitude of enterprises to find, produce and deliver energy, encompassing equipment manufacturers and service providers as well. A Broader Perspective As … Read more

Trump ready to ease rules on coal-fired power plants

August 20, 2018August 20, 2018 by The Canadian Press

WASHINGTON — The Trump administration is set to roll back the centerpiece of President Barack Obama’s efforts to slow global warming, the Clean Power Plan that restricts greenhouse gas emissions from coal-fired power plants.
A plan to be announced in …

Sandler Training – FREE Webcast: The 13 Leadership Blind Spots – Friday, August 24th 9:15-9:45am Details HERE

August 21, 2018August 20, 2018 by EnergyNow Media

Upcoming Sandler Free Webcast 13 Leadership Blind Spots When: Friday August 24, 2018 Time: 9.15-9.45AM As the leader of your business have you fallen into “blind spots syndrome” while trying to grow your team and profitability? (If your gut reaction was “no” the real answer is “yes”) You’ve worked very, very hard to scale up … Read more

Keystone XL company moves to condemn South Dakota land

August 20, 2018August 20, 2018 by The Canadian Press

BUFFALO, S.D. — The company planning the Keystone XL oil pipeline is moving to condemn private land in South Dakota.
TransCanada Corp. has filed eminent domain petitions in state court against parcels of Harding County land owned by two families, The …

Your “Strategic” Alliance Maybe Parasitic – Sandler Training

August 21, 2018August 20, 2018 by EnergyNow Media

Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary “You said you want to review your prospecting activities today.” “Yes, specifically my strategic alliances.” “Alliances?” “I’ve got two. One with Dave, who sells cabling and one with Doug who sells IT services.” “Is this … Read more

Trump administration less concerned about conserving oil

August 20, 2018 by EnergyNow Media

August 20, 2018 The Associated Press WASHINGTON – Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs. The position was outlined in a memo released last month in support … Read more

Iran says it is seeking solution to sell oil and transfer revenues: IRNA

August 20, 2018 by EnergyNow Media

LONDON (Reuters) – Iran’s vice president said on Sunday the government was seeking solutions to sell oil and transfer its revenues after the United States withdrew from a nuclear deal with Tehran and slapped fresh sanctions on Iranian energy and banking sectors. “We are hopeful that the European countries can meet their commitments but even … Read more

Clean Energy Claims to Get More Scrutiny as Investors Squawk

August 20, 2018 by EnergyNow Media

Aug 20, 2018 by Chris Martin and Emily Chasan (Bloomberg) In late May, Warren Buffett’s MidAmerican Energy Co. claimed it was about to become the first U.S. utility with 100 percent renewable energy. It was a little premature and perhaps a bit misleading. When challenged a few weeks later, Greg Abel, a vice chairman of Berkshire Hathaway, … Read more

Five Things to Know in World Business – August 20, 2018

August 20, 2018 by EnergyNow Media

Aug 20, 2018 by Lorcan Roche Kelly (Bloomberg) PepsiCo to buy SodaStream for $3.2 billion, Venezuela devalues currency by 95 percent, and Tesla turmoil rumbles on. Here are some of the things people in markets are talking about today. Bubbles PepsiCo Inc. agreed to buy SodaStream International Ltd. for $3.2 billion, in what is likely to … Read more

Oil Steadies After Longest Run of Weekly Losses in Three Years

August 20, 2018 by EnergyNow Media

Aug 20, 2018 by Grant Smith and Tsuyoshi Inajima (Bloomberg) Oil steadied after its longest run of weekly declines in three years, as traders weighed threats to economic activity in emerging markets against risks to supplies around the world. Futures in New York were little changed. Prices fell for a seventh week last week as … Read more

Petroleum Resources Act in Quebec coming into force – Questerre Energy

August 20, 2018 by EnergyNow Media

August 20, 2018 | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta , Aug. 20, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that the Government of Quebec announced its … Read more

ClearStream Announces the Appointment of a New CEO

August 20, 2018 by EnergyNow Media

August 20, 2018 | Source: ClearStream Energy Services Inc. CALGARY, Alberta, Aug. 20, 2018 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) announces today the appointment of Yves Paletta as its Chief Executive Officer (“CEO”). Mr. Paletta is a senior executive with a 25-year track record of leading successful global organizations, having … Read more

Acquisitions and partnerships accelerate technology gains in E&P – Aimsio

August 20, 2018 by EnergyNow Media

As exploration and production steadily increase, operators are challenged to realize profits in the new normal of lower oil prices. Ensign President and COO Bob Geddes believes that surviving the new normal requires differentiation: “You’re going to need to be more efficient than your competitors.” He goes on to explain that rather than the old, conglomerate approach to drilling, … Read more

Avoiding Code & Flow Breaks When Installing A Lubricator – Premier Integrated Technologies

August 20, 2018 by EnergyNow Media

PIT manufactures the only lubricators that can avoid a code break between your wellhead and pipeline. Our lubricators reduce your installation cost and time while still maintaining a bypass to improve the well fluid and gas flow path. FlowFit Crossblock flow path FlowFit Crossblock 10,000 PSI flow path The FlowFit lubricator is simple and cost … Read more

Musk Defends Relentless Work Hours as Tesla Enters Fateful Week

August 20, 2018August 20, 2018 by EnergyNow Media

Aug 19, 2018 by Crystal Chui, Alex Longley and Anders Melin (Bloomberg) Elon Musk sees no option but to keep working in his own personal Ludicrous mode, no matter the deepening concerns of board members and investors about his health and stability as he propels Tesla Inc. toward a possible rebirth as a private company. … Read more

Oilfield Services Update – See What Happened in Q2! – MNP

August 21, 2018August 20, 2018 by EnergyNow Media

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U.S. oil drilling rig count holds steady last week

August 20, 2018August 20, 2018 by EnergyNow Media

August 20, 2018 Reuters (Reuters) – U.S. energy companies kept the oil rig count unchanged last week amid a steady decline in crude prices, which hit a near two-month low earlier this week. The rig count, an early indicator of future output, held at 869 in the week to Aug. 17, General Electric Co’s Baker Hughes … Read more

Anti-pipeline protesters released days before weeklong jail sentences end

August 24, 2018August 20, 2018 by The Canadian Press

MAPLE RIDGE, B.C. — Several pipeline protesters were released from a British Columbia jail on Sunday, a few days before their weeklong sentences were set to end.
Seven protesters in all were sentenced to a week in jail on Aug. 15, after pleading guilt…

Canada Weekly Rig Count Went Up 3 for Week Ending August 17, 2018

August 20, 2018August 20, 2018 by EnergyNow Media

Canada’s drilling rig count increased by 3 actively drilling rigs according to data collected by Baker Hughes for the week of August 17th. From one week ago, Alberta rig counts increased 5 to 145 and the Saskatchewan rig count stayed the same at 46. Oil drilling went up 1 to 141 and gas increased 2 … Read more

PRD Energy Provides Update on Liquidation & Dissolution Process

August 19, 2018 by EnergyNow Media

August 17, 2018 Globe Newswire CALGARY, Alberta, Aug. 17, 2018 (GLOBE NEWSWIRE) — PRD Energy Inc. (“PRD” or the “Company“) is pleased to provide an update on the status of its liquidation and the anticipated timing of its dissolution. PRD is currently discharging all of its obligations and completing all other acts required to liquidate its … Read more

Oil rises but set for weekly loss on concerns over trade row

August 17, 2018 by EnergyNow Media

August 17, 2018 Reuters Comments NEW YORK (Reuters) – Crude prices edged higher on Friday, but retreated from session highs and were headed for another weekly decline on worries that oversupply would weigh on the U.S. market while trade disputes and slowing global economic growth would slow demand for oil. U.S. West Texas Intermediate (WTI) crude futures … Read more

Co-owner of Canadian refinery NARL seeks $5.8 million from partner

August 17, 2018 by EnergyNow Media

August 17, 2018 Reuters NEW YORK, Aug 17 (Reuters) – A co-owner of the Come By Chance oil refinery in Canada is suing his partner for about $5.8 million in a New York state court over allegations of unpaid dividends and misused investments, according to court papers filed on Friday. Neal Shear, who bought the struggling … Read more

Russian oil industry would weather U.S. ‘bill from hell’

August 17, 2018 by EnergyNow Media

MOSCOW (Reuters) – Stiff new U.S. sanctions against Russia would only have a limited impact on its oil industry because it has drastically reduced its reliance on Western funding and foreign partnerships and is lessening its dependence on imported technology. Western sanctions imposed in 2014 over Russia’s annexation of Crimea have already made it extremely … Read more

Five Things to Know in World Business – August 17, 2018

August 17, 2018 by EnergyNow Media

Aug 17, 2018, by Lorcan Roche Kelly (Bloomberg) Fair deal President Donald Trump is looking for China to bring more to the table ahead of an effort to restart trade negotiations. Trump’s demand for a package of measures that slashes the bilateral trade deficit continues to be the major sticking point, as the feeling in … Read more

Oil’s on Its Longest Losing Run Since 2015 on Turmoil and Supply

August 17, 2018August 17, 2018 by EnergyNow Media

by Tsuyoshi Inajima (Bloomberg) Oil headed for the longest run of weekly declines in three years, dragged down by everything from an emerging-market rout to rising global supplies and lingering concerns over a spat between the world’s biggest economies. Futures in New York were headed for a 3.3 percent drop this week, their seventh straight … Read more

Canada Doesn’t Need Another Tax – This Time….a Death Tax

August 17, 2018August 17, 2018 by EnergyNow Media

by Aaron Wudrick, Federal Director These are challenging times for the Canadian economy. An unpredictable president to the south has contributed to uncertainty around NAFTA, while American business tax cuts have erased Canada’s longstanding competitive tax advantage as we struggle to attract foreign investment. Even the Justin Trudeau government, which as recently as its spring … Read more

Eastern Canadian LNG Project Wins Buyers in Shadow of Western Rival

August 17, 2018August 17, 2018 by EnergyNow Media

Aug 16, 2018 by Anna Shiryaevskaya (Bloomberg) Royal Dutch Shell Plc’s giant liquefied natural gas project in western Canada may be grabbing the headlines, but a smaller rival in the east is busy lining up another customer from Europe. Pieridae Energy is negotiating a binding agreement to supply LNG from its proposed Goldboro project in … Read more

NEB allows Trans Mountain to begin construction on parts of pipeline expansion

August 17, 2018August 17, 2018 by The Canadian Press

CALGARY — The National Energy Board says Trans Mountain Pipeline ULC can start construction on sections of its pipeline expansion between Alberta and British Columbia.
The NEB says in a statement that Trans Mountain has met all applicable pre-construc…

Arrests in Burnaby, B.C., as order against Kinder Morgan protest camp enforced

August 17, 2018August 17, 2018 by EnergyNow Media

August 16, 2018 The Canadian Press BURNABY, B.C. – The RCMP arrested protesters Thursday as officers enforced a court injunction to dismantle a protest camp and snuff a sacred fire at a site where the Trans Mountain pipeline ends in Burnaby, B.C. Cpl. Daniela Panesar said police began enforcing an order obtained by the City of … Read more

Line 3 Replacement Project Moving Forward, Growing the Canadian Economy While Protecting the Environment

August 16, 2018 by EnergyNow Media

August 16, 2018 CNW MORDEN, MB, Aug. 16, 2018 /CNW/ – Canada is a place where the environment and the economy go hand in hand. Providing a stable, effective regulatory regime to approve and oversee pipeline operations is integral to safeguarding the environment, while supporting projects in the national interest that create good jobs, strengthen and grow the middle class … Read more

US energy secretary: Mexico’s energy independence good goal

August 16, 2018August 16, 2018 by The Canadian Press

MEXICO CITY — U.S. Energy Secretary Rick Perry says he supports the plans of Mexican President-elect Andres Manuel Lopez Obrador to increase the country’s energy independence, even if it could mean fewer purchases from U.S. refineries.
The U.S. is ope…

Interior Department eyes protected Arctic land for drilling

August 16, 2018August 16, 2018 by The Canadian Press

ANCHORAGE, Alaska — The Trump administration is aiming to open millions of acres (hectares) of Alaska Arctic land for drilling that was protected under the Obama administration.
The U.S. Department of the Interior began talks with state officials and …

RCMP in Burnaby, B.C., say Kinder Morgan protest camp to be dismantled

August 16, 2018 by The Canadian Press

BURNABY, B.C. — The RCMP arrested protesters when officers enforced a court injunction early Thursday ordering the removal of all structures from a site where the Trans Mountain pipeline ends in Burnaby, B.C.
RCMP Cpl. Daniela Panesar said police bega…

Judge orders Keystone XL pipeline review in setback for Trump

August 16, 2018August 16, 2018 by EnergyNow Media

August 15, 2018 A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised route for the Keystone XL crude oil pipeline, a move that could delay the project and prove a setback for the Trump administration.For more than a decade, environmentalists, tribal groups, and … Read more

Strategic Oil & Gas Ltd. Announces Second Quarter 2018 Financial and Operating Results

August 16, 2018 by EnergyNow Media

August 16, 2018 | Source: Strategic Oil & Gas Ltd CALGARY, Alberta, Aug. 16, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV: SOG) is pleased to report financial and operating results for the three and six months ended June 30, 2018. Detailed results and additional information are presented in Strategic’s interim … Read more

Oil Shrugs at Revival of U.S.-China Trade Talks to Ease Tensions

August 16, 2018 by EnergyNow Media

Aug 16, 2018 by Ellen Milligan (Bloomberg) Signs of easing tensions between the world’s two largest economies have done little to lift oil as surging U.S. stockpiles offset potential gains in crude futures. Oil in New York was little changed while crude in London rose just 0.2 percent despite the announcement that the U.S and … Read more

Elon Musk Picks His Coziest Bank to Help Go Private

August 16, 2018 by EnergyNow Media

Aug 16, 2018 by David Welch and Alex Barinka (Bloomberg) Who else, but Goldman Sachs? As he attempts to lead Tesla Inc.’s potential exodus from the public market, Elon Musk has turned for help to the very bank that’s always had his back. It should come as no surprise that when Musk tweeted late Monday … Read more

Canada, U.K. Plan the First Paris Climate Deal Carbon Trades

August 16, 2018 by EnergyNow Media

August 16, 2018 by Mathew Carr (Bloomberg) Canada and the U.K. are among six countries preparing the first carbon trades under the landmark Paris Agreement on climate change, part of an effort to unlock as much as $4 billion for the fight against global warming. The nations are assessing projects to cut greenhouse-gases in exchange … Read more

Five Things to Know in World Business – August 16, 2018

August 16, 2018 by EnergyNow Media

Aug 16, 2018, by Lorcan Roche Kelly (Bloomberg) Small talk There are some signs of a thaw in the trade war between the world’s two largest economies with China set to dispatch Vice Commerce Minister Wang Shouwen to the U.S. later this month for low-level talks. If it goes ahead, it will be the first official engagement since … Read more

New fuel rules push shipowners to go green with LNG

August 16, 2018August 16, 2018 by EnergyNow Media

LONDON (Reuters) – Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry’s biggest shake-up in decades. From 2020, International Maritime Organization rules will ban ships from using fuels with a … Read more

Most US Businesses See Onsite Energy in Their Future

August 16, 2018 by EnergyNow Media

By Renewable Energy World Energy Most businesses will take control of their own energy use by generating a quarter of their electricity onsite by 2025, with 81 percent of U.S. businesses predicting this change will take place in just seven years. In a study of over 1,000 businesses, Centrica Business Solutions has been working to … Read more

Are you familiar with the changes in the Canadian Electrical Code ? Come take ACM’s LOPA and SIL Verification Workshops in Calgary – August 27-28 & 29-30

August 16, 2018 by EnergyNow Media

We want to inspire change and make the world a safer place. That begins by giving YOU the tools to make YOUR world a safer place. That’s the entire reason why we do what we do. LOPA Workshop and SIL Verification Workshop August 27-28 and August 29-30 in Calgary, AB Come learn how to plan, execute and document Safety … Read more

Carbon Confusion In The Smoky Summer Of 2018 – Are Fossil Fuels Really The Culprit? – David Yager

August 16, 2018August 16, 2018 by EnergyNow Media

By David Yager Oilfield Services Executive Advisory – Energy Policy Analyst This is a very confusing summer for anyone trying to understand the ongoing debate about the future of carbon resources – coal, oil and gas, the so-called “fossil fuels”. Can’t live with them, can’t live without them. Climate change alarmism continues. The title for … Read more

Nexen reports 270,000-litre pipeline spill of produced water in northern Alberta

August 15, 2018August 15, 2018 by The Canadian Press

CALGARY — A month after being ordered to pay $750,000 in fines related to a 2015 pipeline leak, Nexen Energy is reporting a spill of 270,000 litres from a different pipeline at the same northern Alberta project.
The Alberta Energy Regulator says in an…

Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three and Six Months Ended June 30, 2018

August 15, 2018 by EnergyNow Media

August 15, 2018 Globe Newswire CALGARY, Alberta, Aug. 14, 2018 (GLOBE NEWSWIRE) — Storm has also filed its unaudited condensed interim consolidated financial statements as at June 30, 2018 and for the three and six months then ended along with Management’s Discussion and Analysis (“MD&A”) for the same period. This information appears on SEDAR at www.sedar.com and on … Read more

What Next after Ontario Cancels Power Contracts?

August 15, 2018 by EnergyNow Media

By Crae Garrett, Alison Babbitt, Andrea Brewer and Matthew Bernardo (Renewable Energy World) Recent headlines have captured the decision of the newly elected Ontario provincial government to cancel more than 700 renewable energy contracts in the province. For most of these projects, the approval of the Independent Electricity System Operator or IESO — the provincial … Read more

Shedding Light on Overtime Pay Exemption in Alberta – Is it Time to Review the Status of Your Employees? – Wendy Ferguson

August 15, 2018August 15, 2018 by EnergyNow Media

A Commentary by Wendy Ferguson Most employees in Alberta (including those paid hourly, weekly, monthly or by annual salary) are entitled to overtime pay, meaning an employer must pay at least 1.5 times the employee’s wage rate for overtime hours worked. Then why is it that I’ve come across so many organizations where employees were … Read more

Oil Slides With Metals on Demand Concern While Stockpiles Rise

August 15, 2018August 15, 2018 by EnergyNow Media

Aug 15, 2018 by Grant Smith (Bloomberg) Oil slid for a third day as copper and other metals tumbled on concerns the Turkish crisis will spill over into emerging markets, and as an industry report was said to show a gain in U.S. crude inventories. Futures in New York dropped as much as 1.5 percent. … Read more

Birchcliff Energy Ltd. Announces Strong Second Quarter 2018 Results and Positive Montney Exploration Results in Pouce Coupe

August 15, 2018 by EnergyNow Media

August 14, 2018 | Source: Birchcliff Energy Ltd. CALGARY, Alberta, Aug. 14, 2018 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce its financial and operational results for the second quarter of 2018 and its positive exploration and development results from its recent Montney D2 and C wells in Pouce Coupe. The full text of … Read more

Iron Bridge Resources Provides Operations Update and Reports Second Quarter 2018 Financial Results

August 15, 2018 by EnergyNow Media

August 14, 2018 | Source: Iron Bridge Resources Inc. CALGARY, Alberta, Aug. 14, 2018 (GLOBE NEWSWIRE) — Iron Bridge Resources Inc. (TSX:IBR) (“Iron Bridge”, “IBR” or the “Company”) today provides a Gold Creek operations update and reports its financial results for the second quarter ended June 30, 2018. Gold Creek Montney Operations Update At Gold Creek, Iron Bridge holds … Read more

Xtreme Drilling Corp. Announces Second Quarter 2018 Financial and Operating Results and Shareholder Meeting Results

August 15, 2018 by EnergyNow Media

August 14, 2018 | Source: Xtreme Drilling Corp. CALGARY, Alberta, Aug. 14, 2018 (GLOBE NEWSWIRE) — (TSX-XDC) – Xtreme Drilling Corp. (“Xtreme” or the “Company”) announces its second quarter 2018 financial and operating results. It is anticipated that filing will take place on SEDAR of Interim Consolidated Financial Statements as well as Management’s Discussion and Analysis for the three and six months … Read more

Saudi fund may only play minor part in Musk’s $72 billion Tesla plan: bankers

August 15, 2018 by EnergyNow Media

By Andrew Torchia RIYADH (Reuters) – Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private. The fund is estimated to have over $250 billion in assets. But it is not that simple. The Public Investment Fund (PIF) has many claims on … Read more

Five Things to Know in World Business – August 15, 2018

August 15, 2018August 15, 2018 by EnergyNow Media

Aug 15, 2018, by Lorcan Roche Kelly (Bloomberg) Lira rally Turkey’s currency added to yesterday’s gains with a rally of as much as 7 percent this morning after authorities made it more difficult for banks to short the lira through the swap market. The move came after President Recep Tayyip Erdogan’s administration followed up on his call … Read more

Enbridge VP of Engineering and Asset Management confirmed to speak at the 2018 Operational Excellence in Energy & Utilities Summit.

August 15, 2018August 15, 2018 by EnergyNow Media

Michelle George, Vice President of Engineering and Asset Management at Enbridge, will be joining the world class speaking faculty at the 2018 Operational Excellence in Energy & Utilities Summit – taking place this November 26-28 in Toronto. Join Michelle and 150+ Operations, Operational Excellence, EH&S, Asset Management and Reliability leaders to learn the latest strategies … Read more

What Happens to Chain of Title During Insolvencies? – Xi Technologies

August 15, 2018 by EnergyNow Media

Are oil and gas companies responsible for the end of life liabilities of assets they divest if the acquiring company goes bankrupt? This question has been reverberating throughout the oil and gas industry since the Redwater case first went to trial and with subsequent high-profile bankruptcies in Alberta. The fear is that companies will sell … Read more

Canadians Pay More in Taxes Than for the Necessities of Life: The Canadian Consumer Tax Index, 2018 Edition

August 15, 2018August 15, 2018 by EnergyNow Media

Summary: The Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from 1961 to 2017. Including all types of taxes, that bill has increased by 2,112% since 1961. Taxes have grown much more rapidly than any other single expenditure for the average Canadian family: expenditures on shelter increased by 1,480%, … Read more

Alberta Metis vote to support Trans Mountain oil pipeline expansion through B.C.

August 15, 2018August 15, 2018 by The Canadian Press

LAC LA BICHE, Alta. — An organization that represents Metis in Alberta says it supports the expansion of the Trans Mountain oil pipeline through B.C.
The Metis Nation of Alberta says members voted in favour of the resolution at a conference on Sunday….

We’ve Added New Content Tailored for You – Oil Sands Trade Show 2018

August 14, 2018 by EnergyNow Media

New Content Added for Oil Sands Professionals! The Oil Sands Trade Show & Conference has refreshed content tailored specifically for professionals in the oil sands supply chain. More Conferences. More Workshops. More Networking than Ever Before. What’s New Don’t miss the Keynote Luncheon on Tuesday, September 11, discussing The Next Generation of Oil Sands Production, with panelists First Nations’ Chiefs Jim Boucher and Archie … Read more

Halifax oil leak much larger than originally disclosed, Nova Scotia Power says

August 14, 2018August 14, 2018 by The Canadian Press

HALIFAX — Nova Scotia Power says an oil leak at its Tufts Cove generating station involved 19,300 more litres of oil than originally disclosed.
The utility had previously said that an oil leak was discovered Aug. 2 at the plant, with about 5,000 litre…

Are you leveraging mobility solutions to improve efficiency and productivity in your delivery process? – Manage Petro

August 14, 2018 by EnergyNow Media

Whenever I receive a delivery I expect the delivery professional to use some form or electronic device to record the delivery has taken place. I always wonder about the competence of a business when I am presented with a paper delivery form to sign. It’s nothing to do with how good they are; I’m … Read more

Husky Unleashes New iPhone Application for Fuel Purchases, Rewards

August 14, 2018 by EnergyNow Media

August 13, 2018 | Source: Husky Energy Inc. CALGARY, Alberta, Aug. 13, 2018 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) has announced a new iPhone application for its retail customers, who can now pay for fuel and car wash purchases directly and securely from their car without inserting a payment card at the pump. “The myHusky app provides … Read more

Parkland Fuel Corporation’s Acquisition of Rhinehart Oil Co., Inc. Expected to Double its U.S. Operations

August 14, 2018 by EnergyNow Media

The acquisition provides a key platform for expansion of Parkland’s business and operations in the United States August 13, 2018 | Source: Parkland Fuel Corporation CALGARY, Alberta, Aug. 13, 2018 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”) (TSX:PKI) Canada’s largest and one of North America’s fastest growing independent marketers of fuel and petroleum … Read more

Strad Energy Services Ltd. Announces Extension and Amendments to its Credit Facilities

August 14, 2018 by EnergyNow Media

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (“U.S.”) August 13, 2018 | Source: Strad Energy Services Ltd. CALGARY, Alberta, Aug. 13, 2018 (GLOBE NEWSWIRE) — Strad Energy Services Ltd. (“Strad” or the “Company”) (TSX: “SDY”) today announced that it has agreed with its syndicate of lenders to extend the … Read more

The U.S. Has Turned Into a Major Oil Power Again: Justin Fox

August 14, 2018 by EnergyNow Media

Aug 13, 2018 by Justin Fox (Bloomberg Opinion) The oil market has changed a lot over the past decade. Here, for example, is the latest data on U.S. imports and exports of crude oil and petroleum products, released by the Energy Information Administration at the end of last month: The U.S. has gone from a big-time … Read more

Send in the Drones to Reduce Operating Costs for Energy Industry

August 14, 2018August 14, 2018 by EnergyNow Media

August 13, 2018 by Brianna Jackson (Bloomberg) Cheap drones are poised to boost output and cut operating expenses for the energy industry. The unmanned aerial vehicles are generally faster and less expensive than people, and can go places that may not be safe for workers. As costs fall, and their capabilities increase, drones are spotting … Read more

Oil Rebounds as Supply Risks Back in Focus After Turkey Turmoil

August 14, 2018 by EnergyNow Media

August 14, 2018 by Sharon Cho (Bloomberg) Oil rebounded as investor focus returned to near-term supply risks, while broader financial markets steadied after being rattled by Turkey’s deepening economic turmoil. Futures in New York added 0.3 percent, recouping some of Monday’s losses. U.S. crude stockpiles probably fell last week for a second time, according to … Read more

Five Things to Know in World Business – August 14, 2018

August 14, 2018August 14, 2018 by EnergyNow Media

Aug 14, 2018, by Lorcan Roche Kelly (Bloomberg) Bounce The plunge in Turkey’s lira is taking a break today, the currency gaining as much as 6 percent against the dollar to trade at 6.5538 by 5:50 a.m. Eastern Time. In a televised address, President Recep Tayyip Erdogan said the country would boycott American electronic devices, while citizens will “continue their path … Read more

After $80 Billion Blowouts, Mega Oil and Gas Projects Are Back

August 14, 2018August 14, 2018 by EnergyNow Media

Aug 14, 2018, by Dan Murtaugh (Bloomberg) Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100 crude. From liquefied natural gas in Mozambique to deep-oil in Guyana, the world’s biggest energy companies are gearing … Read more

Shipping-Fuel Rule Change Cuts Demand for Canadian Heavy Oil

August 14, 2018August 14, 2018 by EnergyNow Media

Aug 14, 2018, by Robert Tuttle (Bloomberg) As if pipeline bottlenecks weren’t enough, Canadian heavy oil producers are facing a new barrier to marketing their crude. New rules limiting the amount of sulfur allowed in shipping fuel is expected to cut demand for both high-sulfur fuel oil and the sour crude that yields it. In … Read more

Musk’s Oil Conspiracy Against Tesla Ends With Saudi Billions

August 14, 2018August 14, 2018 by EnergyNow Media

Aug 14, 2018, by Tom Randall (Bloomberg) Elon Musk has always hated the fossil-fuel industry. His stated mission for Tesla Inc. is to hasten its demise, and more than once he’s blamed the “unrelenting and enormous” power of oil interests for sabotaging his efforts. But now, in his bid to take Tesla private, Musk is … Read more

Artificial Intelligence: What’s All The Fuss About? – Aimsio

August 14, 2018August 14, 2018 by EnergyNow Media

When you hear the term “Artificial Intelligence”, do you think robots and doomsday? Or maybe a future where your house talks to you and your car drives you to work? There is a lot of curiosity around the concept of AI, and thanks to Hollywood, there’s also a lot of misconception. Luckily, we are here … Read more

Energy Storage System Mitigates Rising Peak Demand Charges in Ontario

August 13, 2018 by EnergyNow Media

By Jennifer Runyon (Renewable Energy World) Last week Peak Power announced that it had agreed to install up to 2.35 MW / 4.7 MWh of energy storage capacity at Bloor Islington Place in Toronto. Starlight Investments, a real estate and asset management company, owns the building. Bloor Islington Place is one of six locations that … Read more

Vertex Resource Group Ltd. Second Quarter Financial Results Highlighted By Strong Increase in EBITDA

August 13, 2018 by EnergyNow Media

August 13, 2018 CNW Revenue of $27.7 million and EBITDA of $4.3 million for second quarter 2018. Revenue of $62.4 million and EBITDA of $8.6 million for six months ending June 30, 2018. Sherwood Park, Alberta, August 13th, 2018 (TSXV:VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Company”) is pleased to report its financial … Read more

Point Loma Resources Announces Agreement to Acquire Additional Working Interest in Recent Oil Acquisition

August 13, 2018 by EnergyNow Media

August 13, 2018 Filing Services Canada Calgary, Alberta (FSCwire) – Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has entered into a definitive agreement to acquire an additional interest in an oil property acquired in June 2018 (the “Acquisition”). The purchase price of the Acquisition is $270,000.00, before … Read more

Oil Holds Steady as Iran Supply Fears Offset Jitters Over Turkey

August 13, 2018 by EnergyNow Media

Aug 13, 2018 by Sharon Cho (Bloomberg) Oil traded near $68 a barrel after Iran ruling out talks with the U.S. heightened concerns over global supply, countering fears of wider market turmoil from a crisis in Turkey. Futures in New York were little changed after climbing 1.2 percent on Friday. Iran’s foreign minister said the … Read more

Cequence Energy Announces Second Quarter 2018 Financial Results

August 13, 2018 by EnergyNow Media

August 10, 2018 PR Newswire CALGARY, Aug. 10, 2018 /CNW/ – Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce its operating and financial results for the three and six-month periods ended June 30, 2018. The Company’s Condensed Consolidated Financial Statements and Management’s Discussion and Analysis are available at cequence-energy.com and on SEDAR at www.sedar.com. Second quarter … Read more

Raging River Provides Additional Information for Brokers and Beneficial Shareholders on Elections Required

August 13, 2018 by EnergyNow Media

August 13, 2018 | Source: Raging River Exploration Inc. CALGARY, Alberta, Aug. 13, 2018 (GLOBE NEWSWIRE) — Raging River Exploration Inc. (“Raging River”) (TSX: RRX) provides additional information for brokers and other intermediaries who hold Raging River shares on behalf of beneficial Raging River shareholders on making the appropriate elections on behalf of such beneficial shareholders in respect … Read more

Five Things to Know in World Business – August 13, 2018

August 13, 2018 by EnergyNow Media

Aug 13, 2018, by Lorcan Roche Kelly (Bloomberg) Seven Pressure remains on the Turkish lira after Friday’s rout, with the currency briefly trading at more than 7 to the dollar in the Asia session. President Recep Tayyip Erdogan remained defiant in speeches yesterday, saying the country is now in an “economic war.” As with all putative wars, controlling … Read more

Saudi cuts oil output as OPEC points to 2019 surplus

August 13, 2018 by EnergyNow Media

By Alex Lawler LONDON (Reuters) – OPEC on Monday forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production. In a monthly report, the Organization of the Petroleum Exporting Countries said the world will need 32.05 … Read more

Magnitude 6.4 earthquake hits Alaska’s oil-producing North Slope

August 13, 2018 by EnergyNow Media

ANCHORAGE, Alaska (Reuters) – A magnitude 6.4 earthquake struck on Sunday near the native Alaskan village of Kaktovik and part of the Arctic National Wildlife Refuge where the Trump administration plans to allow oil drilling, but no injuries or damage were reported. The temblor, which occurred just before 7 a.m. (1500 GMT), was the most … Read more

OPEC Lifted Crude Production in July

August 13, 2018 by EnergyNow Media

Aug 13, 2018 by Alex Longley (Bloomberg) OPEC crude production rose in July, despite sliding output in Libya, Iran and Saudi Arabia. The bloc’s output averaged 32.32 million barrels a day in July, up 41,000 barrels a day from June, the group said in its monthly oil market report, citing secondary source figures. Increased production … Read more

Governors say ban on land deals could hurt beleaguered bird

August 13, 2018 by The Canadian Press

DENVER — Some governors in the U.S. West say a new Trump administration directive threatens to undermine a hard-won compromise aimed at saving a beleaguered bird scattered across their region.
The directive, issued in late July, severely limits a type…

Ensign Energy Services makes takeover offer for Trinidad Drilling

August 13, 2018August 13, 2018 by The Canadian Press

CALGARY — Ensign Energy Services Inc. has announced a takeover offer for Trinidad Drilling Ltd. in a transaction it valued at about $947 million, including debt.
The oilfield services company is offering $1.68 per share in cash for each Trinidad share…

THE INNOVATORS: STEP Energy Services rolls out real-time data monitoring – Presented by GridStone

August 13, 2018 by EnergyNow Media

STEP-IQ™ gains traction in the industry There is the famous saying in the oil patch, “no one wants to be the first, but everyone wants to be the first second.” It’s what makes introducing new technology tough in any market but especially so in the close-knit Calgary community. “As the head of engineering at STEP, I … Read more

AssetWorks Announces the Launch of its New Microsite, iLoveTrucking.com

August 13, 2018August 13, 2018 by EnergyNow Media

CALGARY, August 13, 2018. AssetWorks, a leading provider of field service solutions across North America, announced the launch of its new microsite, iLoveTrucking.com. This site will be a hub for truckers and fleet managers alike to read about what they love about the business, but also the everyday struggles of life in the trucking industry … Read more

How to Make Your Sales Tool Kit Like Interlocking Plastic Blocks – Sandler Training

August 13, 2018 by EnergyNow Media

Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Humans seek certainty, but selling is contextual. There are no “magic phrases” that “always close the sale” because words that are highly attractive to one person may be highly repulsive to the next. Unfortunately, too … Read more

Judge approves eviction of protesters from camp near pipeline construction site

August 13, 2018August 13, 2018 by The Canadian Press

VANCOUVER — A British Columbia Supreme Court judge has granted the City of Burnaby an injunction forcing pipeline protesters to take down their camp outside a Kinder Morgan terminal.
Justice Geoffrey Gomery said all structures, shelters and vehicles m…

Saudi Fund in Talks to Invest in Tesla Buyout Deal

August 13, 2018 by EnergyNow Media

Aug 13, 2018 by Matthew Martin, Ruth David and Claire Boston (Bloomberg) Saudi Arabia’s sovereign wealth fund is working to be part of any investor pool that emerges to take Tesla Inc. private, as Elon Musk enters a week where his plan will draw added scrutiny from the electric-car maker’s board, advisers and investors. The … Read more

Canada Weekly Rig Count Went Down by 14 for Week Ending August 10, 2018

August 12, 2018August 12, 2018 by EnergyNow Media

Canada’s drilling rig count decreased by 14 actively drilling rigs according to data collected by Baker Hughes for the week of August 10th. From one week ago, Alberta rig counts decreased 16 to 140 and the Saskatchewan rig count stayed the same at 46. Oil drilling went down 12 to 140 and gas decreased 2 … Read more

U.S. drillers add most oil rigs since May: Baker Hughes

August 12, 2018August 12, 2018 by EnergyNow Media

NEW YORK (Reuters) – U.S. energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration and production in anticipation of higher crude prices in 2018 than recent years. Drillers added 10 oil rigs in the week to Aug. 10, bringing the total count … Read more

Mexico says NAFTA talks with U.S. to drag into next week

August 10, 2018 by EnergyNow Media

WASHINGTON (Reuters) – Mexico’s Economy Minister said on Friday that bilateral talks with the United States over the future of the NAFTA trade deal will drag into next week, and the timing of Canada’s return to the negotiations will depend on how fast they resolve issues. Speaking as he left a meeting with the U.S. … Read more

Ontario Power Generation signs agreement to purchase Eagle Creek Renewable Energy

August 10, 2018 by EnergyNow Media

August 10, 2018, by Elizabeth Ingram (Renewable Energy World) Canadian provincial utility Ontario Power Generation has signed a purchase and sale agreement to acquire 100% of the equity of Eagle Creek Renewable Energy LLC in the U.S. The purchase price is US$298 million, subject to customary working capital and other adjustments on closing, OPG said. … Read more

Eagle Energy Inc. Announces Second Quarter 2018 Results and Previously Announced Sale of Twining Assets

August 10, 2018 by EnergyNow Media

August 9, 2018 CNW CALGARY, Aug. 9, 2018 /CNW/ – (TSX: EGL): Eagle Energy Inc. (“Eagle“) is pleased to report its financial and operating results for the second quarter ended June 30, 2018, as well as to reiterate the previously announced sale of its Twining assets. When reflecting on Eagle’s second quarter and the Twining asset sale announcement, Wayne Wisniewski, … Read more

Tamarack Valley Energy Ltd. Announces Record Second Quarter 2018 Production, Increased 2018 Production Guidance and Strong Capital Efficiencies Through First Half 2018

August 10, 2018 by EnergyNow Media

August 9, 2018 CNW TSX: TVE CALGARY, Aug. 9, 2018 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce its financial and operating results for the three and six months ended June 30, 2018. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack’s unaudited condensed consolidated interim financial … Read more

Granite Oil Corp. Provides Operational Update and Reports Second Quarter 2018 Financial Results, Executive Appointment and Director Retirement

August 10, 2018 by EnergyNow Media

August 10, 2018 CALGARY, Alberta, Aug. 10, 2018 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to provide an operational update and report its financial and operational results and for the three months and six months ended June 30, 2018. Executive Appointment and Director Retirement The Company is pleased to … Read more

The Long Unraveling of Tesla’s Master Plan: Liam Denning

August 10, 2018 by EnergyNow Media

Aug 10, 2018 by Liam Denning (Bloomberg Opinion) While this week’s episode of Tesla Inc. has left us with several cliffhangers, it did show one thing: just how far the company has veered from Elon Musk’s secret “Master Plan” of 2006. Musk summarized it at the top of an updated version – “Part Deux” – published in … Read more

Oil Set for Sixth Weekly Loss as Trade War Stokes Demand Fears

August 10, 2018August 10, 2018 by EnergyNow Media

Aug 10, 2018, by Heesu Lee and Grant Smith (Bloomberg) Oil was poised for a sixth weekly loss in New York, the longest run of declines in three years, as a trade war between the world’s two biggest economies stokes fears of weaker growth in energy demand. Futures were headed for a 2.5 percent loss … Read more

U.S. Forecasts 50% Cut in Iran Oil Sales, Missing Goal

August 10, 2018 by EnergyNow Media

Aug 9, 2018, by Nick Wadhams (Bloomberg) The Trump administration forecasts that it will persuade countries to cut Iranian oil imports by as much as 1 million barrels a day when it reimposes energy sanctions in early November, according to two people familiar with the administration’s efforts to choke off Tehran’s crude sales. The assessment … Read more

Five Things to Know in World Business – August 10, 2018

August 10, 2018 by EnergyNow Media

August 10, 2018, by Lorcan Roche Kelly (Bloomberg) Lir-aaaaggghhhhh An already bad week for Turkey’s currency got a whole lot worse this morning when the lira plunged as much as 13.5 percent to reach a new all-time low of 6.3005 to the dollar. Contagion spread to euro-area lenders after the Financial Times reported that the European Central Bank … Read more

At ‘America First Energy Conference’, solar power is dumb, climate change is fake

August 10, 2018 by EnergyNow Media

NEW ORLEANS (Reuters) – Pumping carbon dioxide into the air makes the planet greener; the United Nations puts out fake science about climate change to control the global energy market; and wind and solar energy are simply “dumb”. These are among the messages that flowed from the America First Energy Conference in New Orleans this … Read more

Mexico says working hard with U.S. on new NAFTA auto rules

August 10, 2018 by EnergyNow Media

WASHINGTON (Reuters) – Mexico’s economy minister on Thursday said his team was working hard to strike a deal with the United States on new rules for the auto industry, which could pave the way for Canada to rejoin talks to revamp the North American Free Trade Agreement. The U.S.-Mexico NAFTA talks resumed three weeks ago, … Read more

IEA says calm in oil markets could be short-lived

August 10, 2018August 10, 2018 by EnergyNow Media

MOSCOW (Reuters) – Oil markets have entered a brief period of calm but a storm might be looming later this year when new U.S. sanctions are poised to slash supplies of Iranian oil, the International Energy Agency said on Friday. “The recent cooling down of the market, with short-term supply tensions easing, currently lower prices, … Read more

Canadian government not considering retaliation against Saudis, says Morneau

August 10, 2018August 10, 2018 by The Canadian Press

OTTAWA — The federal government has no plans to launch retaliatory economic measures against Saudi Arabia, Finance Minister Bill Morneau said Thursday in the wake of a series of actions taken by the Middle Eastern kingdom as it seeks to punish Canada …

Cenovus inks deal to sell northern Alberta oil and gas assets for $625 million

August 10, 2018August 10, 2018 by The Canadian Press

CALGARY — Oilsands producer Cenovus Energy Inc. is selling northwestern Alberta oil and gas assets for $625 million as part of a process to reduce its $9.5-billion debt burden.
The sale is to include its Pipestone and Wembley natural gas and liquids p…

Altura Energy Inc. Announces Second Quarter 2018 Results, Operational Update and Two Leduc-Woodbend Light Oil Acquisitions

August 9, 2018 by EnergyNow Media

August 9, 2018 CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) — Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) is pleased to announce its financial and operating results for the three and six months ended June 30, 2018 and an operational update on its eight-well drilling program in the Corporation’s Upper Mannville oil play … Read more

InPlay Oil Corp. Announces Second Quarter 2018 Financial and Operating Results and Increases Production Guidance

August 9, 2018 by EnergyNow Media

August 9, 2018 Globe Newswire CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX:IPO) (OTCQX:IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and six months ended June 30, 2018. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the … Read more

Questerre reports second quarter 2018 results

August 9, 2018 by EnergyNow Media

August 09, 2018 | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the … Read more

High Arctic Reports 2018 Second Quarter Results

August 9, 2018 by EnergyNow Media

August 09, 2018 | Source: High Arctic Energy Services Inc. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) – “High Arctic” … Read more

Strad Energy Services Announces Second Quarter Results

August 9, 2018 by EnergyNow Media

August 09, 2018 | Source: Strad Energy Services Ltd. CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) — NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (“U.S.”) The news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For full disclosure of the forward-looking information and statements … Read more

CES Energy Solutions Corp. Reports Record Second Quarter Results, Declares Cash Dividend and Announces Management Changes

August 9, 2018 by EnergyNow Media

August 09, 2018 | Source: CES Energy Solutions Corp. CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) — CES Energy Solutions Corp. (“CES” or the “Company”) (TSX: CEU) (OTC – Nasdaq Intl: CESDF)is pleased to report on its financial and operating results for the three and six months ended June 30, 2018. Further, CES announced today that it will pay a … Read more

Canadian dollar to gain but needs NAFTA deal to score home run: Reuters Poll

August 9, 2018 by EnergyNow Media

TORONTO (Reuters) – Canada’s dollar will rise over the coming year as the Bank of Canada hikes interest rates and higher oil prices become more supportive of the currency, a Reuters poll showed, but it will take a NAFTA trade pact deal to trigger more optimistic gains. The poll of more than 40 foreign exchange … Read more

Oil Is Losing Its Grip Over the Currencies of Top Energy Producers

August 9, 2018 by EnergyNow Media

Aug 9, 2018, by Eddie van der Walt (Bloomberg) The future isn’t in oil — at least for traders trying to predict moves in currencies of the bigger energy exporters. Crude has decoupled versus the currencies of Russia, Brazil and Canada, with internal market dynamics pushing them in different directions, according to research from Societe … Read more

Exxon asked to pay $1.8M for Arkansas oil spill damage

August 9, 2018August 9, 2018 by The Canadian Press

LITTLE ROCK, Ark. — State and federal officials are asking Exxon Mobil to pay more than $1.8 million in compensation for a 2013 oil spill in Arkansas.
The state Game and Fish Commission proposed the settlement Tuesday, The Arkansas Democrat-Gazette re…

Saudi Investment Freeze Doesn’t Amount to Much in Canada

August 9, 2018August 9, 2018 by EnergyNow Media

Saudi Arabian Foreign Minister Adel al-Jubeir (L), UAE Minister of Foreign Affairs Abdullah bin Zayed Al-Nahyan (C) and Bahraini Foreign Minister Khalid bin Ahmed al-Khalifa

Aug 9, 2018 by Doug Alexander (Bloomberg) The decision by Saudi Arabia to halt new investments and unload assets in Canada is likely to have limited impact, even as the kingdom’s foreign minister threatens further action. Saudi assets in Canada are confined mainly to stakes in upscale hotel operators, some small stock holdings in companies … Read more

Zargon Oil & Gas Ltd. Provides 2018 Second Quarter Results and Provides Updated Guidance

August 9, 2018 by EnergyNow Media

August 8, 2018 Globe Newswire CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOLS: ZAR; ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2018) Funds flow from operating activities of $0.58 million compared to a negative $0.30 million recorded in the prior quarter, and the … Read more

Gibson Energy Announces One Million Barrel Expansion at Hardisty Terminal, Expansion of Moose Jaw Facility, Acceleration of U.S. Strategy and Increased 2018 Capital Budget

August 9, 2018 by EnergyNow Media

August 8, 2018 Globe Newswire CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today it has secured an additional $200 million to $250 million of growth capital opportunities, consisting of the sanction of one million barrels of new tankage at the Hardisty Terminal, the expansion of … Read more

Delphi Energy Corp. Reports Second Quarter 2018 Results

August 9, 2018 by EnergyNow Media

August 9, 2018 Globe Newswire CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended June 30, 2018. Second Quarter 2018 Highlights Produced 10,623 barrels of oil equivalent per day (“boe/d”) in the second quarter of 2018, a twelve percent increase from … Read more

Kelt Reports Financial and Operating Results for the Three and Six Months Ended June 30, 2018

August 9, 2018 by EnergyNow Media

August 9, 2018 Globe Newswire CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) — Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) has released its financial and operating results for the three and six months ended June 30, 2018. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June … Read more

Baytex and Raging River Announce Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Shareholders Vote for the Strategic Combination

August 9, 2018 by EnergyNow Media

August 9, 2018 Globe Newswire CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) and Raging River Exploration Inc. (“Raging River”)(TSX: RRX) are pleased to announce that two leading independent proxy advisory firms that provide voting recommendations to institutional investors, Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass … Read more

MEG Energy Names Derek Evans as New Chief Executive Officer

August 9, 2018 by EnergyNow Media

August 8, 2018 CNW New CEO brings extensive experience in the Canadian Oil and Gas industry with a proven track record of successful resource development and disciplined capital allocation CALGARY, Aug. 8, 2018 /CNW/ – MEG Energy Corp. (TSX:MEG) (“MEG” or the “Company”) today announced that its Board of Directors has unanimously appointed Derek Evans to the position of President … Read more

Ex-Pengrowth CEO comes out of retirement to lead oilsands producer MEG Energy

August 9, 2018August 9, 2018 by The Canadian Press

CALGARY — Oilsands producer MEG Energy Corp. says it has selected veteran oilman Derek Evans to replace interim CEO Harvey Doerr.
The appointment comes less than five months after Evans’ retirement from Pengrowth Energy Corp., where he had been CEO fo…

Canada’s Teck gets approval to expand Quebrada Blanca mine in Chile

August 9, 2018 by EnergyNow Media

FILE PHOTO: Teck Resources sign is on display during the company's annual general meeting in Vancouver, British Columbia, Canada, April 22, 2010. REUTERS/Lyle Stafford/File Photo

SANTIAGO (Reuters) – Teck Resources Ltd said on Wednesday it had received regulatory approval for its $4.8 billion Phase 2 project at its Quebrada Blanca copper mine in northern Chile, a sprawling expansion that will boost production from the deposit to 300,000 tonnes of copper annually. The environmental approvals will allow the Canadian miner to … Read more

Europe Shows It’s Getting Serious About Getting More U.S. LNG

August 9, 2018 by EnergyNow Media

LNG And LPG Operations At Aqaba Port, Jordan

Aug 9, 2018, by Anna Shiryaevskaya (Bloomberg) European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the U.S., but the region is making its biggest effort to date to change that. European Commission trade officials will travel to Washington on Aug. 20 to follow up on an … Read more

Prairie Provident Announces Second Quarter 2018 Financial and Operating Results

August 9, 2018 by EnergyNow Media

CALGARY, Alberta, Aug. 09, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) (TSX:PPR) is pleased to announce its operating and financial results for the three and six months ended June 30, 2018, and to provide an operational update. PPR’s consolidated financial statements (“Financial Statements”) and related Management’s Discussion and … Read more

Pine Cliff Energy Ltd. Announces Second Quarter 2018 Results

August 9, 2018 by EnergyNow Media

CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) — Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce the filing of its second quarter financial and operating results. Included in the filings were Pine Cliff’s unaudited interim condensed consolidated financial statements and related management’s discussion and analysis for the three … Read more

Peyto Announces Q2 2018 Results

August 9, 2018 by EnergyNow Media

CALGARY, Alberta, Aug. 08, 2018 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX:PEY) is pleased to present its operating and financial results for the second quarter of the 2018 fiscal year. An annualized 9% return on equity (ROE) and 8% return on capital employed (ROCE) was delivered in the quarter … Read more

Horizon Petroleum Announces Joint Venture on Lachowice Natural Gas Field

August 9, 2018 by EnergyNow Media

CALGARY, Alberta–(BUSINESS WIRE)–Horizon Petroleum Ltd. (the “Company” or “Horizon”) (TSXV: HPL) is pleased to announce that it has entered into a Letter of Intent (“LOI”) with a private European entity (the “Farmee”) for a farm-in on the Lachowice conventional natural gas field in the Bielsko-Biala concession in southern Poland (the “Bielsko-Biala Concession”), which Horizon is in the … Read more

Superior Plus Corp. Announces 2018 Second Quarter Results and Increases 2018 Adjusted EBITDA Guidance

August 9, 2018 by EnergyNow Media

TORONTO–(BUSINESS WIRE)–Superior Plus Corp. (“Superior”) (TSX:SPB) announced today the financial and operating results for the second quarter ended June 30, 2018. All financial figures are expressed in Canadian dollars. “Superior delivered strong second quarter results driven by the continued strength in the chlor-alkali market, contribution from the Canwest Propane and tuck-in acquisitions and colder weather … Read more

Work begins to remove oil from decades-old shipwreck off Newfoundland coast

August 9, 2018August 9, 2018 by EnergyNow Media

The Tidewater has been contracted to remove oil from the sunken Manolis L through international company Ardent Global, which has expertise in underwater salvage. (Eddy Kennedy/CBC)

TWILLINGATE, N.L. THE CANADIAN PRESS More than three decades after the Manolis L sunk off Newfoundland’s picturesque Notre Dame Bay, the tricky task of extracting leaking bulk oil from the shipwreck has begun. The paper carrier sank near Change Islands in 1985 in about 70 metres of water and was dormant until April 2013, when … Read more

Saudi Arabia reassures Canada on oil supplies in row over jailed activists

August 9, 2018August 9, 2018 by EnergyNow Media

RIYADH (Reuters) – A row over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Thursday, reassuring customers after Riyadh froze new trade with Canada and ruled out mediation efforts. Saudi Arabia, infuriated by Canada’s demand last week that jailed activists in the … Read more

U.S. crude stocks at Cushing drop to lowest since October 2014

August 9, 2018 by EnergyNow Media

NEW YORK (Reuters) – Oil inventories at Cushing, Oklahoma, the delivery point for U.S. crude futures, extended declines last week to 21.8 million barrels, the lowest level since October 2014, data from the Energy Information Administration showed on Wednesday. Meanwhile, U.S. Midwest distillate stocks last week rose to the highest since September 2017. Reporting by … Read more

Five Things to Know in World Business – August 9, 2018

August 9, 2018 by EnergyNow Media

Aug 9, 2018, by Lorcan Roche Kelly (Bloomberg) Poisoning relations The U.S. announced new sanctions on Russia in response to the March 4 nerve-agent attack in the U.K., with lawmakers seeking “crushing sanctions” under a separate bill for election interference. The ruble extended its steepest slide in almost two years and government bonds slumped this … Read more

By Bashing Canada, Saudi Prince Is Weaponizing His Oil Wealth

August 9, 2018August 9, 2018 by EnergyNow Media

Aug 9, 2018, by Glen Carey, Greg Quinn and Nick Wadhams (Bloomberg) For Saudi Arabia, a new version of checkbook diplomacy is taking shape. The kingdom used to pursue a behind-the-scenes foreign policy, deploying its oil wealth as a carrot. Crown Prince Mohammed Bin Salman is ready to wield it like a stick. That’s the … Read more

Oil Trades Near 7-Week Low as U.S.-China Trade War Escalates

August 9, 2018August 9, 2018 by EnergyNow Media

Aug 9, 2018, by Ellen Milligan and Heesu Lee (Bloomberg) Oil traded near a seven-week low as China retaliated against the U.S. administration’s latest tariffs, heightening trade tensions between the world’s two biggest economies. West Texas Intermediate futures fell 0.1 percent after sliding 3.2 percent Wednesday. China will slap 25 percent duties on an additional … Read more

Drillform Expanding Operations to UAE

August 9, 2018 by EnergyNow Media

Drillform’s UAE facility is open for business! Find Drillform at: Plot No. 69NR29, ICAD III Mussafah, Abu Dhabi, UAE Drillform is pleased to announce the opening of our new service location in Abu Dhabi. This facility offers 20,000 sq. ft. of service area where we will repair and recertify most brand of floor … Read more

Saudi-Canada Fight Shows Need for Pipelines, Oil Group Says

August 9, 2018 by EnergyNow Media

August 8, 2018, by Kevin Orland (Bloomberg) The escalating trade battle between Canada and Saudi Arabia highlights the need for more pipelines to move oil and natural gas around the northern nation to improve its energy security, according to the Canadian oil industry’s largest trade group. Canada’s energy producers could supply a greater portion of … Read more

Saudi Arabia rules out mediation in Canada row, may take more measures

August 8, 2018 by EnergyNow Media

Saudi Arabia's Foreign Minister Adel Al-Jubeir speaks during a news conference in Riyadh, Saudi Arabia August 8, 2018. REUTERS/Faisal Al Nasser

RIYADH/DUBAI (Reuters) – Saudi Arabia said on Wednesday there is no room for mediation in the kingdom’s deepening diplomatic dispute with Canada, and that Ottawa knew what it needed to do to “fix its big mistake”. “There is nothing to mediate. A mistake has been made and a mistake should be corrected,” Foreign Minister Adel … Read more

$120M settlement reached in huge 2015 Los Angeles gas leak

August 8, 2018August 8, 2018 by The Canadian Press

LOS ANGELES — A nearly $120 million temporary settlement has been reached in litigation stemming from a leak at a Southern California storage field where a massive methane release forced thousands from their homes three years ago, a utility announced …

Iran’s foreign minister: U.S. will not stop Iran oil exports

August 8, 2018 by EnergyNow Media

BEIRUT (Reuters) – A U.S. plan to reduce Iran’s oil exports to zero will not succeed, Iranian Foreign Minister Mohammad Javad Zarif was cited as saying by an Iranian newspaper on Wednesday. U.S. officials have said in recent weeks that they aim to pressure countries to stop buying oil from Iran in a bid to … Read more

Journey Energy Inc. Reports its Second Quarter 2018 Financial and Operating Results

August 8, 2018 by EnergyNow Media

August 7, 2018 CNW CALGARY, Aug. 7, 2018 /CNW/ – Journey Energy Inc. (JOY – TSX) (“Journey” or the “Company“) announces its financial and operating results for the three and six month periods ending June 30, 2018. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2018 and 2017 are posted on www.sedar.com and on … Read more

Heavy crude differential narrows slightly

August 8, 2018 by EnergyNow Media

August 7, 2018 Reuters Comments The Canadian heavy oil differential narrowed against the West Texas Intermediate (WTI) benchmark on Tuesday:* Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, settled at $31.00 a barrel below the WTI benchmark crude futures , according to Shorcan Energy brokers. That compared with Friday’s settle of $31.15 … Read more

Five Things to Know in World Business – August 8, 2018

August 8, 2018 by EnergyNow Media

Aug 8, 2018 by Lorcan Roche Kelly (Bloomberg) Elon Musk has had enough of speculators, Erdogan has no easy choices, and that Ohio special election looks ominous for the GOP. Here are some of the things people in markets are talking about today. $82 billion tweetTesla Inc.’s Elon Musk dropped a bombshell on Twitter yesterday when … Read more

Oil Trades Near $69 as U.S. Stock Drop Tempers Trade War Fears

August 8, 2018 by EnergyNow Media

Aug 8, 2018 by Heesu Lee and Grant Smith (Bloomberg) Oil traded near $69 a barrel in New York as falling American stockpiles and the onset of sanctions against Iran pointed to tighter supplies, offsetting concerns over escalating trade tensions between China and the U.S. Futures were little changed following a 1 percent advance over … Read more

Energy Deals Decline in Canada as Oil Rally Heals Slump’s Scars

August 8, 2018 by EnergyNow Media

Aug 8, 2018 by Kevin Orland (Bloomberg) Investors have been pushing Canadian energy companies to merge so they can cut costs and combine resources. That isn’t going so well this year. The value of deals involving Canadian oil, natural gas and pipeline companies slumped 29 percent to $45.5 billion in the first seven months of … Read more

U.S. Cuts Oil Output Outlook as Permian Constraints Threaten

August 8, 2018 by EnergyNow Media

Aug 7, 2018, by Jessica Summers (Bloomberg) The pace of U.S. crude production growth might be slowing or at least that’s what the government is seeing for now. The Energy Information Administration forecasts domestic oil output to average 11.7 million barrels a day next year, down from a previous estimate of 11.8 million a day. The … Read more

Eclipse E-Line Services Inc. is Pleased to Welcome Robert Kerr to Their Team

August 8, 2018 by EnergyNow Media

Eclipse E-Line Services Inc. is pleased to welcome Robert Kerr to our team. Rob is joining Eclipse to fill the role of Technical Services Manager based out of Airdrie, Alberta. He will be responsible for all aspects of managing our new Technical Logging Services division. These responsibilities will include creating and implementing logging procedures, tool … Read more

Canada’s takeover of Trans Mountain pipeline to close in late 2018: proxy

August 8, 2018 by EnergyNow Media

VANCOUVER (Reuters) – Kinder Morgan Canada (KML.TO) now expects a takeover of its Trans Mountain crude oil pipeline to close in late 2018, with the Government of Canada funding construction of the expansion project through closing, the company said in a proxy filed on Tuesday. Kinder Morgan Canada shareholders will vote on the Canadian government’s … Read more

Cost to twin Trans Mountain pipeline could be $1.9B higher, Kinder Morgan says

August 8, 2018August 8, 2018 by The Canadian Press

OTTAWA — Kinder Morgan Canada says expanding the Trans Mountain pipeline could cost the federal government as much as $1.9 billion beyond the company’s original construction estimate and take 12 months longer to finish.
The figures are included in doc…

Saudi Arabia’s Diplomatic Dispute with Canada: An Explainer

August 8, 2018August 8, 2018 by EnergyNow Media

Canadian Press The diplomatic spat between Canada and Saudi Arabia that erupted over the weekend has left many wondering what exactly is going on. Here are answers to a few basic questions on the emerging conflict: What prompted the dispute? The dispute ostensibly arose because of a tweet issued by Canada’s Global Affairs Ministry decrying … Read more

Musk Mulls Taking Tesla Private, Valuing Company at $82 Billion

August 8, 2018August 8, 2018 by EnergyNow Media

August 7, 2018 by Dana Hull, Dinesh Nair and David Welch (Bloomberg) Elon Musk said he’s considering taking Tesla Inc. private in a radical step that would ease pressure on the money-losing automaker. Elon Musk @elonmusk Am considering taking Tesla private at $420. Funding secured. Sent via Twitter for iPhone. The announcement, made initially via … Read more

Cenovus releases 2017 corporate responsibility report

August 7, 2018 by EnergyNow Media

August 07, 2018 18:54 ET | Source: Cenovus Energy Inc. CALGARY, Alberta, Aug. 07, 2018 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has published its 2017 corporate responsibility report detailing the company’s efforts to accelerate its environmental performance, protect the health and safety of its staff, invest in and engage with the communities where it operates and … Read more

Canada needs help from allies to help cool Saudi dispute as kingdom blocks its grain

August 7, 2018August 7, 2018 by EnergyNow Media

OTTAWA (Reuters) – Canada plans to seek help from United Arab Emirates and Britain to defuse an escalating diplomatic dispute with Saudi Arabia, sources said on Tuesday, as traders revealed the Arab state would no longer buy Canadian wheat and barley. The Saudi government on Sunday recalled its ambassador to Ottawa, barred Canada’s ambassador to … Read more

CHOA Vendor ShareCase Event: Attend or Showcase Your Company: Details HERE

August 7, 2018August 7, 2018 by EnergyNow Media

Vendor ShareCase Event REGISTRATION NOW OPEN! Thursday September 20-2018 8:00 am – 12:00 pm Calgary Petroleum Club Join us for the CHOA Vendor Sharecase Event. You will hear from 6 Vendors that will showcase one of their new products or service innovation. You will then have the opportunity to network individually with whichever companies … Read more

Baker Hughes, a GE company Announces July 2018 Rig Counts

August 7, 2018 by EnergyNow Media

HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for July 2018 was 997, up 38 from the 959 counted in June 2018, and up 38 from the 959 counted in July 2017. The international offshore rig count for July 2018 was 217, up 22 from … Read more

Questions persist after oil spill at Nova Scotia Power generating station

August 7, 2018 by The Canadian Press

HALIFAX — An environmental activist says an oil spill in Halifax harbour might be a good opportunity for Nova Scotia Power to reconsider its use of crude oil.
The utility said Monday it could be weeks before crews fully clean up about 5,000 litres of …

Knowing your client – Factors Western

August 8, 2018August 7, 2018 by EnergyNow Media

One of the most important, and overlooked aspects for transacting business is knowing and understanding your client. For example, what is the history of that prospective clients’ ability to pay your invoices if significant changes in the market occur, or with the current general economy? Do they have the cash reserve to withstand these potential … Read more

Saudi Arabian crude oil imports to Canada easy to replace, says energy economist

August 7, 2018August 7, 2018 by The Canadian Press

CALGARY — Canada can easily replace the oil it imports from Saudi Arabia should relations with the Middle Eastern kingdom deteriorate to the point that trade in crude is halted, says an energy economist.
But this week’s trade tension escalation means …

Oil up as U.S. sanctions on Iran expected to tighten supply

August 7, 2018August 7, 2018 by EnergyNow Media

August 7, 2018 Reuters Oil prices rose on Tuesday with revived U.S. sanctions against major crude exporter Iran expected to tighten global supply. West Texas Intermediate (WTI) crude futures CLc1 were up 59 cents at $69.60 a barrel and Brent crude oil futures LCOc1 were up 86 cents to $74.61 per barrel at 6.52 a.m. … Read more

Perpetual Energy Inc. Receives Statement of Claim

August 7, 2018 by EnergyNow Media

August 6, 2018 CNW CALGARY, Aug. 6, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announces that it has received a Statement of Claim filed by PricewaterhouseCoopers Inc. LIT (“PwC”), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. (“Sequoia”), with the Alberta Court of Queen’s Bench (the “Court”), against Perpetual, Perpetual Operating Trust, Perpetual Operating … Read more

Oil Pinned Near $69 as Supply Risks Weighed Against Trade Battle

August 7, 2018 by EnergyNow Media

Aug 7, 2018 by Heesu Lee (Bloomberg) Oil’s trading in a tight range as investors weigh falling U.S. inventories and potential supply curbs in the Middle East against escalating trade tensions between the world’s two largest economies. Futures in New York were little changed after a 0.8 percent gain Monday. They have traded within a … Read more

Saudi Arabia freezes new trade with Canada for urging activists’ release

August 7, 2018 by EnergyNow Media

RIYADH/OTTAWA (Reuters) – Saudi Arabia froze new trade and investment with Canada after Ottawa urged Riyadh to free arrested civil society activists, in the top oil exporter’s latest retort to Western criticism of its human rights record. The Gulf Arab kingdom also recalled its ambassador and gave the Canadian ambassador 24 hours to leave the … Read more

Five Things to Know in World Business – August 7, 2018

August 7, 2018 by EnergyNow Media

August 7, 2018, by Lorcan Roche Kelly (Bloomberg) Cash, cars and nuts The U.S. imposed new sanctions on Iran at midnight after President Donald Trump signed an executive order which will stop the purchase of dollar banknotes, while also targeting the country’s auto industry and banning the import of Persian rugs and pistachio nuts into … Read more

Trudeau met by more anti-pipeline protesters on his B.C. long weekend tour

August 7, 2018August 7, 2018 by The Canadian Press

DELTA, B.C. — Drum beats and chanting followed Justin Trudeau to Delta, B.C., on Sunday, as anti-pipeline protesters attempted to disrupt the prime minister’s speech at a Liberal Party of Canada community barbecue.
Like several other stops on the prim…

Canada crude differential seen staying high as refiners take downtime

August 7, 2018August 6, 2018 by EnergyNow Media

August 6, 2018 Reuters The discount on Canada’s heavy crude, which reached a nearly five-year high this week, looks to remain elevated with pipelines strained and the refiners who buy it going offline for maintenance, industry officials say.Western Canada Select (WCS) oil traded on Tuesday for $34.15 per barrel less than West Texas Intermediate light oil … Read more

Canada Weekly Rig Count Remained at 223 for Week Ending August 3, 2018

August 7, 2018August 6, 2018 by EnergyNow Media

Canada’s drilling rigs stayed the same at 223 actively drilling rigs according to data collected by Baker Hughes for the week of August 3rd. From one week ago, Alberta rig counts increased 6 to 156 and the Saskatchewan rig count decreased by 6 to 46. Oil drilling went down 2 to 152 and gas increased … Read more

Crude Advances After Saudi Restraint Sparks Renewed Supply Fears

August 7, 2018August 6, 2018 by EnergyNow Media

August 6, 2018 by Jessica Summers (Bloomberg) Crude rose after Saudi Arabian production cuts heightened concerns about tightening worldwide supplies. Futures in New York advanced as much as 1.6 percent on Monday. Saudi Arabia curbed output last month, according to OPEC delegates, following signs that the kingdom couldn’t find enough buyers to justify elevated rates … Read more

Five Things to Know in World Business – August 6, 2018

August 6, 2018 by EnergyNow Media

Aug 6, 2018, by Natasha Doff (Bloomberg) Protracted war China let it be known that it’s in the trade war for the long haul, explaining in an editorial published in state media that it doesn’t fear sacrificing short-term economic interests. The comments came in response to President Donald Trump’s tweet that he has the upper hand. On Friday, … Read more

Iraq oil minister says oil prices approaching stability: state media

August 6, 2018 by EnergyNow Media

BAGHDAD (Reuters) – Iraqi Oil Minister Jabar al-Luaibi said oil prices are approaching stability, the al-Sabah state newspaper reported on Monday. Iraq plans to raise oil production to more than 7.5 million barrels per day (bpd) by 2023-2024, including 6 million bpd of oil for exports and 1.5 million bpd for domestic consumption, Luaibi said. … Read more

New wave of mega LNG projects is approaching

August 6, 2018 by EnergyNow Media

By Dmitry Zhdannikov and Ron Bousso LONDON (Reuters) – A new race to build multi-billion dollar liquefied natural gas (LNG) plants is gaining momentum after a long hiatus in investments as energy giants sense a widening supply gap within five years. Spending on new, complex facilities that super-chill gas into liquid in order to allow … Read more

How to Market your Energy Services Company Like You Mean It – William Joseph

August 6, 2018 by EnergyNow Media

Everyone who has something to sell in the energy industry space, be it a product, service, idea or anything else, knows that in order to do it successfully (i.e. make a profit) you have to do three things: 1) Engage your customers’ attention, 2) Create excitement and interest in what your selling, and 3) Win … Read more

The Three Ways AI Will Impact Oil and Gas – Geoffrey Cann

August 6, 2018 by EnergyNow Media

By Geoffrey Cann A journalist contacted me this week to ask my perspectives on how artificial intelligence would impact oil and gas. Here’s broadly what I sent back. DEFINING ARTIFICIAL INTELLIGENCE A discussion of artificial intelligence must begin with a definition of AI. My definition is that AI is a computerized capability to execute work requiring cognitive skills that are normally associated with humans. Examples include natural … Read more

Pressure Increases as Time Shrinks in Your Sales Meeting – Sandler Training

August 6, 2018August 6, 2018 by EnergyNow Media

Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Salespeople unintentionally put too much pressure on themselves and their prospects in meetings by wasting too much time on personal banter. Yes, it’s important to create rapport with a prospect, but at some point while the salesperson … Read more

On Nova Scotia’s historic Shubenacadie River, a slow-motion showdown

August 5, 2018 by The Canadian Press

FORT ELLIS, N.S. — On the muddy banks of Nova Scotia’s Shubenacadie River, Dorene Bernard is listening for sounds that will let her know the historic waterway is about to change direction.
“The wind will pick up, and you’ll start hearing the water and…

Trudeau dogged by pipeline protesters as he visits B.C. forestry centre

August 5, 2018August 4, 2018 by The Canadian Press

DUNCAN, B.C. — Justin Trudeau mingled with hundreds of friendly people at two family-focused events on Vancouver Island, but the prime minister was also reminded of the strong opposition his government faces over the Trans Mountain pipeline expansion …

ClearStream Announces Second Quarter 2018 Financial Results

August 3, 2018 by EnergyNow Media

August 03, 2018 Source: ClearStream Energy Services Inc. CALGARY, Alberta, Aug. 03, 2018 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream”, TSX: CSM and CSM.DB.A) today announced its results for the three and six months ended June 30, 2018. “EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the “Non-IFRS measures” section … Read more

Oil prices pull back as trade tensions weigh on market

August 3, 2018 by EnergyNow Media

August 3, 2018 Reuters NEW YORK (Reuters) – Crude futures pulled back on Friday, giving up gains from the previous session as trade concerns weighed on the market and fueled concerns about demand. U.S. West Texas Intermediate (WTI) crude futures were down 75 cents at $68.21 a barrel by 12:08 p.m. EDT. Brent crude futures were … Read more

U.S. oil drillers cut rigs for second week in three

August 3, 2018 by EnergyNow Media

August 3, 2018 Reuters Aug 3 (Reuters) – U.S. energy companies this week cut oil rigs for a second time in the past three weeks as the rate of growth has slowed over the past couple of months with recent declines in crude prices. Drillers cut two oil rigs in the week to Aug. 3, bringing … Read more

Perpetual Energy Inc. Releases Second Quarter 2018 Financial and Operating Results

August 3, 2018 by EnergyNow Media

August 3, 2018 CNW CALGARY, Aug. 2, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to release its second quarter 2018 financial and operating results. A complete copy of Perpetual’s unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2018 can … Read more

Advantage Announces Second Quarter 2018 Operating & Financial Results

August 3, 2018 by EnergyNow Media

August 3, 2018 CNW Commissioning of Glacier Gas Plant Expansion to 400 mmcf/d Creates Significant Available Processing Capacity for Future Growth (TSX: AAV, NYSE: AAV) – CALGARY, Aug. 2, 2018 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) successfully commissioned its major gas plant expansion project in the second quarter of 2018 at the Corporation’s 100% owned … Read more

Hundreds line up for gushing West Texas oil jobs

August 3, 2018 by EnergyNow Media

August 3, 2018 Reuters ODESSA, TEXAS (Reuters) – Job fairs are stocked with people hungry for better opportunities, but inside the MCM Grande Hotel in Odessa, Texas, oil services giant Halliburton is the one doing the wooing. “We need to hire you is our message,” said Chris Redman, a field services manager with Summit ESP, which … Read more

Enhance Energy adds pipeline partner to build Alberta carbon capture project

August 3, 2018August 3, 2018 by The Canadian Press

CALGARY — The proponent of a project to use carbon dioxide captured at two industrial plants in Alberta to boost oil well production has enlisted a pipeline partner to build, own and operate most of the infrastructure.
Calgary-based Enhance Energy Inc…

Better fuel margins, acquisitions drive Parkland Fuel profit, revenue beats

August 3, 2018August 3, 2018 by The Canadian Press

CALGARY — Parkland Fuel Corp. shares closed eight per cent higher on Friday after it reported doubling revenue in the second quarter on higher profit margins for fuel and contributions from two major acquisitions completed last year.
The gas station o…

Enbridge Inc reports improved second-quarter earnings amid asset sales

August 3, 2018August 3, 2018 by The Canadian Press

CALGARY — Pipeline operator Enbridge Inc. reports better-than-expected second-quarter earnings of $1.07 billion, as it worked to sell a number of non-core assets to help eliminate debt.
The Calgary-based company’s profit amounted to 63 cents per share…

Oil Steady Amid Trade War Concerns, Signs of Tight Inventory

August 3, 2018 by EnergyNow Media

August 3, 2018 by Grant Smith (Bloomberg) Oil was steady as concerns over the fallout from the U.S.-China trade dispute and higher supply from OPEC balanced some signs of tightness in the market. West Texas Intermediate futures slipped 0.4 percent, and are little changed this week. Escalating threats between President Donald Trump’s administration and Chinese … Read more

Five Things to Know in World Business – August 3, 2018

August 3, 2018 by EnergyNow Media

August 3, 2018, by Lorcan Roche Kelly (Bloomberg) Payrolls The Labor Department issues jobs numbers for July at 8:30 a.m. Eastern Time this morning, with economists surveyed by Bloomberg predicting a 193,000 rise in non-farm payrolls for the month. Unemployment is seen ticking down to 3.9 percent and average hourly earnings repeating June’s 2.7 percent … Read more

Texas investigators probe pipeline blaze that injured seven

August 3, 2018 by EnergyNow Media

August 2, 2018, by Gary McWilliams and Scott DiSavino HOUSTON/NEW YORK (Reuters) – Authorities on Thursday were investigating what caused a fire and a series of natural gas pipeline explosions in Midland County, Texas, that sent seven people to hospital and shut down five lines before being extinguished. Workers from two companies with adjacent pipelines were … Read more

Big Oil Cheers, Quietly, as Trump Moves to Ease Auto Standards

August 3, 2018 by EnergyNow Media

August 3, 2018, by Ari Natter and Jennifer A. Dlouhy (Bloomberg) The Trump administration’s plan to relax fuel-economy and vehicle pollution standards could be a boon to U.S. oil producers who’ve quietly lobbied for the measure. The proposal, released Thursday, would translate into an additional 500,000 barrels of U.S. oil demand per day by the … Read more

TransCanada sees robust oil shipper interest in Keystone XL

August 3, 2018 by EnergyNow Media

August 2, 2018, by Rod Nickel and Laharee Chatterjee (Reuters) – Pipeline operator TransCanada Corp is seeing strong interest from oil shippers in locking up the remaining space on Keystone XL and expects it to be fully subscribed, its chief executive said on Thursday. TransCanada has not yet made a final investment decision on its $8-billion … Read more

Feds mull further changes to carbon tax plan amid U.S. tax changes and tariffs

August 3, 2018 by EnergyNow Media

August 2, 2018 The Canadian Press OTTAWA – The federal carbon pricing system for heavy emitters, softened last week to ease the impact on Canadian industry, could be amended even further this fall as Ottawa looks to address competitiveness fears in corporate Canada fuelled by U.S. tax cuts, tariffs and environmental policy roll backs. Environment Canada … Read more

Bellatrix Exploration Ltd. Announces Second Quarter 2018 Financial and Operating Results

August 3, 2018August 3, 2018 by EnergyNow Media

August 02, 2018 | Source: Bellatrix Exploration Ltd. CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix”, “we”, “us”, “our” or the “Company”) (TSX, NYSE: BXE) announces its financial and operating results for the three and six months ended June 30, 2018. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking … Read more

Saturn Oil & Gas Inc. Commences Horizontal Completions Program

August 3, 2018 by EnergyNow Media

August 02, 2018 | Source: Saturn Oil + Gas Inc SASKATOON, Saskatchewan, Aug. 02, 2018 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SMI) (FSE: SMK) is pleased to announce that it has commenced completions operations on the previously announced (see news release dated July 16, 2018) Viking and Success horizontal drill … Read more

Cardinal Energy Ltd. Announces Second Quarter 2018 Results

August 3, 2018 by EnergyNow Media

August 02, 2018 | Source: Cardinal Energy Ltd. CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — (TSX: CJ) Cardinal Energy Ltd. (“Cardinal” or the “Company”) is pleased to announce its operating and financial results for the quarter ended June 30, 2018. The Company’s unaudited financial statements and management’s discussion and analysis for the quarter ended June 30, … Read more

Parkland Fuel Corporation Announces Record Second Quarter Adjusted EBITDA of $249 million and Increases 2018 Adjusted EBITDA Guidance to $775 million ± 5% 2018 Adjusted EBITDA Guidance Increased $125 Million to $775 Million ± 5

August 3, 2018 by EnergyNow Media

2018 Adjusted EBITDA Guidance Increased $125 Million to $775 Million ± 5% on Strength of 2017 Acquisitions, Synergy Realization and Organic Growth CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — Parkland Fuel Corporation, (“Parkland”, “We”, or “Our”) (TSX:PKI) Canada’s largest and one of North America’s fastest growing independent marketers of fuel and petroleum products and … Read more

Pengrowth Reports Second Quarter Results With 16% Increase in Average Daily Production and 40% Increase in Adjusted Funds Flow Since Q1 2018

August 3, 2018 by EnergyNow Media

August 03, 2018 Source: Pengrowth Energy Corporation CALGARY, Alberta, Aug. 03, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and six months ended June 30, 2018. Unless otherwise indicated, financial figures are expressed in Canadian Dollars. “We continue to execute on the multi-year development plan we launched on … Read more

Reflective Signs 101 – What You Need to Know for Your Signage – IDENT Oil & Gas Signage

August 3, 2018 by EnergyNow Media

Retroreflective vinyl, commonly referred to as reflective vinyl, is not self-luminescent. Its properties aren’t apparent in normal daylight conditions. Its glass or prismatic beads are specifically designed to reflect light back to the source making them visible at night when illuminated with artificial light, such as that from motor vehicle headlights. This reflective property is … Read more

Trump proposes car-mileage rollback; states sue in protest

August 3, 2018August 3, 2018 by The Canadian Press

WASHINGTON — Citing safety, the Trump administration on Thursday proposed rolling back car-mileage standards, backing away from years of government efforts to cut Americans’ trips to the gas station and reduce unhealthy, climate-changing tailpipe emis…

AP FACT CHECK: Fed gov’t overstates claims of auto safety

August 3, 2018August 3, 2018 by The Canadian Press

DETROIT — The Trump administration is overstating claims of auto safety and reduced costs in justifying its proposal to weaken Obama-era fuel economy requirements that were aimed at making cars more fuel efficient.
On Thursday, the Environmental Prote…

Nova Scotia Power says about 5,000 litres of oil spilled into Halifax harbour

August 3, 2018August 3, 2018 by The Canadian Press

HALIFAX — About 5,000 litres of oil that spilled into Halifax harbour from a Nova Scotia Power generating station has now been contained.
The utility confirmed the amount spilled late Friday, saying it is based on an assessment from its environmental …

Connacher Oil and Gas Limited Announces Entering Into of CCAA Acquisition and Plan Sponsorship Agreement and Purchase and Sale Agreement with East River Oil and Gas Ltd.

August 2, 2018 by EnergyNow Media

August 2, 2018 CNW CALGARY, Aug. 2, 2018 /CNW/ – Connacher Oil and Gas Limited (“Connacher” or the “Company”) is pleased to announce that East River Oil and Gas Ltd. (the “Plan Sponsor”) has been selected as the “Successful Bidder” pursuant to the sale and investment solicitation process (the “SISP”) conducted in Connacher’s proceeding under the Companies’ Creditors Arrangement Act (the … Read more

Bidder selected to buy insolvent oilsands producer Connacher for $113.5M

August 3, 2018August 2, 2018 by The Canadian Press

CALGARY — Insolvent junior oilsands producer Connacher Oil and Gas Ltd. says a buyout bid by East River Oil and Gas Ltd. has been selected in a court-supervised sales process.
Documents show East River would pay $113.5 million to buy Connacher if the …

Feds mull further changes to carbon tax plan amid U.S. tax changes and tariffs

August 2, 2018August 2, 2018 by The Canadian Press

OTTAWA — The federal carbon pricing system for heavy emitters, softened last week to ease the impact on Canadian industry, could be amended even further this fall as Ottawa looks to address competitiveness fears in corporate Canada fuelled by U.S. tax…

Canadian Natural unveils plan to add 100,000 bpd of Horizon oilsands output

August 2, 2018August 2, 2018 by The Canadian Press

CALGARY — Canadian Natural Resources Ltd. said Thursday it will spend an additional $170 million this year to advance projects that could add almost 100,000 barrels per day of production at its Horizon oilsands mine in northern Alberta.
The Calgary-ba…

Tourmaline Delivers Strong Q2 Free Cash Flow, Increases 2018 Exit Production Estimate and Increases Quarterly Dividend

August 2, 2018 by EnergyNow Media

August 1, 2018 CNW CALGARY, Aug. 1, 2018 /CNW/ – Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the second quarter of 2018. HIGHLIGHTS Six month 2018 cash flow(1) of $624.5 million on EP capital spending of $464.3 million. Net debt(2) reduced by $85.0 million in Q2 2018 from Q1 2018 (5% reduction). Tourmaline has … Read more

Whitecap Resources Inc. Announces Record Levels of Production, Increased 2018 Production Guidance and Second Quarter 2018 Results

August 2, 2018 by EnergyNow Media

August 1, 2018 CNW CALGARY, Aug. 1, 2018 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and six months ended June 30, 2018. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and … Read more

Enbridge Completes Asset Sales for Approximately $3.15 Billion in Cash Proceeds

August 2, 2018 by EnergyNow Media

August 1, 2018 CNW CALGARY, Aug. 1, 2018 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced it has closed the previously announced agreements to sell its U.S. midstream businesses and monetize a portion of its renewables business for combined cash proceeds of approximately $3.15 billion. “We are pleased to have moved quickly to … Read more

Obsidian Energy Announces Second Quarter 2018 Financial and Operational Results

August 2, 2018 by EnergyNow Media

August 2, 2018 CNW CALGARY, Aug. 2, 2018 /CNW/ – OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce its financial and operational results for the three and six months ended June 30, 2018. All figures are in Canadian dollars unless otherwise stated. David French, President and CEO commented, “The … Read more

TransCanada Announces Agreement to Sell its Share of Cartier Wind Energy

August 2, 2018 by EnergyNow Media

CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has entered into an agreement to sell its 62 per cent share of the Cartier wind power facilities, and its related operating entities, to Innergex Renewable Energy Inc. for approximately $630 million. Located in Québec, … Read more

Seven Generations delivers funds from operations of $434 million, $1.19 per share, in second quarter of 2018

August 2, 2018 by EnergyNow Media

CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — (TSX: VII) SECOND QUARTER HIGHLIGHTS Funds from operations of $434 million or $1.19 per share, up 62 percent and 63 percent respectively compared to the same periods in 2017. Cash provided by operating activities of $425.2 million, up 119 percent from the same period in 2017. 7G’s realized … Read more

MEG Energy reports second quarter 2018 results, achieving new production record of 98,000 bpd in July with Phase 2B eMSAGP essentially complete

August 2, 2018 by EnergyNow Media

August 2, 2018 CNW Increases 2018 production guidance and lowers non-energy operating cost per barrel guidance; remains on-track to reach 113,000 bpd in 2020 All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Aug. 2, 2018 /CNW/ – MEG Energy Corp. (TSX:MEG) today reported second quarter 2018 operating and financial results. Highlights include: Quarterly production … Read more

ARC Resources Ltd. Reports Second Quarter 2018 Financial and Operational Results

August 2, 2018 by EnergyNow Media

August 1, 2018 CNW CALGARY, Aug. 1, 2018 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC” or “the Company”) is pleased to report its second quarter 2018 financial and operational results. Second quarter production averaged 127,879 boe per day with funds from operations totaling $204.4 million ($0.58 per share). ARC’s unaudited condensed interim financial statements and notes (“financial statements”), as well as … Read more

Canadian Natural Resources Limited Announces 2018 Second Quarter Results

August 2, 2018 by EnergyNow Media

August 02, 2018 | Source: Canadian Natural Resources Limited CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — Commenting on second quarter 2018 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “The Company’s balanced strategy was once again evident in the quarter as our robust long life low decline asset base provided record quarterly funds flow of approximately … Read more

Deal with U.S. on key NAFTA rule closer, Mexico and Canada say

August 2, 2018 by EnergyNow Media

August 1, 2018, by Joseph White TRAVERSE CITY, Mich. (Reuters) – The United States and Mexico are nearing a deal on the key issue of autos content rules at talks to renew the North American Free Trade Agreement, Mexican and Canadian officials said on Wednesday. Guillermo Malpica, head of the trade and NAFTA office for … Read more

STEP Energy Services Ltd. Reports Record Second Quarter 2018 Financial and Operating Results

August 2, 2018 by EnergyNow Media

CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2018. This news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), condensed unaudited consolidated interim financial statements … Read more

TransCanada Reports Strong Second Quarter 2018 Financial Results

August 2, 2018 by EnergyNow Media

CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced net income attributable to common shares for second quarter 2018 of $785 million or $0.88 per share compared to net income of $881 million or $1.01 per share for the same period in 2017. Comparable earnings for … Read more

Out of spotlight, tribes keep fighting Dakota pipeline

August 2, 2018 by EnergyNow Media

August 2, 2018, by Stephanie Keith (Reuters) – Native American tribes that tried to block the Dakota Access oil pipeline during a months-long standoff with authorities in North Dakota more than a year ago are carrying on their fight in federal court, in what they contend is a symbol of their ongoing struggle for tribal … Read more

Oil Falls to One-Month Low as U.S. Stocks Grow, OPEC Adds Supply

August 2, 2018 by EnergyNow Media

August 2, 2018, by Grant Smith (Bloomberg) Oil sank to the lowest in more than a month as rising U.S. inventories and higher output from OPEC and Russia weighed on the market. Futures fell for a third day in New York, losing as much as 1.1% to hit their lowest level since June 22. U.S. … Read more

Innergex pays $630 million for TransCanada’s stake in five Quebec wind farms

August 2, 2018August 2, 2018 by The Canadian Press

CALGARY — Innergex Renewable Energy Inc. will become the sole owner of five wind farms in the Gaspe Peninsula in Quebec under an agreement announced Thursday to buy out TransCanada Corp.’s 62 per cent interest for $630 million.
The acquisition of the …

Natural gas pipeline explosion in Texas critically injures five

August 2, 2018August 2, 2018 by EnergyNow Media

August 1, 2018 HOUSTON (Reuters) – A series of natural gas pipeline explosions in Midland County, Texas sent five people to hospital with critical burn injuries, and interrupted energy pipeline operations in the area, officials said. The region is the home to the Permian Basin, the largest U.S. oilfield, and is crisscrossed by oil and … Read more

OPEC oil production climbs as Saudi Arabia pumps near record

August 2, 2018 by EnergyNow Media

August 2, 2018, by Bloomberg News Saudi policy appears to be helping cool prices in the way sought by President Trump. OPEC’s crude output increased last month as Saudi Arabia pumped near-record volumes to make good on a pledge to consumers that demand would be met. The kingdom’s oil production grew by 230,000 barrels a … Read more

Five Things to Know in World Business – August 2, 2018

August 2, 2018 by EnergyNow Media

Aug 2, 2018, by Lorcan Roche Kelly (Bloomberg) Tariffs, sanctions Markets in Asia plunged overnight, wiping more than $220 billion off the region’s stocks as a fresh round of trade war fears sent investors seeking cover. The move came after the White House confirmed that President Donald Trump asked U.S. Trade Representative Robert Lighthizer to consider hiking duties … Read more

TransCanada inspects Keystone pipe near South Dakota spill site – AP

August 2, 2018August 2, 2018 by EnergyNow Media

(Reuters) – TransCanada Corp is inspecting a portion of its Keystone oil pipeline in South Dakota, near the site of a spill in November last year, the Associated Press reported on Tuesday. The company is digging up a section of the pipeline after an inspection identified potential issues with its coating, AP reported. TransCanada is … Read more

Reducing Danger and Increasing Efficiency with Bypass Lubricators for Plunger Lifts – Premier Integrated Technologies

August 2, 2018 by EnergyNow Media

As anyone in the oil and gas industry can tell you, it is far too common to hear of workers experiencing incidents or near misses due to trapped pressure and hydrates. Due to the design of non-bypass, conventional lubricators, there is a large risk of a plugged upper section from well contaminants such as sand, … Read more

Eclipse E-Line Services Inc. is pleased to announce a recent purchase of new cased hole logging tools

August 2, 2018August 2, 2018 by EnergyNow Media

Eclipse E-Line Services Inc. is pleased to announce that we have recently completed the purchase of the following cased hole logging tools; 70mm Probe Compensated Neutron c/w Gamma Ray, Casing Collar Locator and Temperature 555 GBq Am241/Be Well Logging Source 70mm Probe RADii Digital Segmented Cement Bond Logging Tools c/w Gamma Ray, Casing Collar Locator … Read more

Canada to soften carbon tax as firms fret about U.S. competition Read Oil Patch Reaction

August 2, 2018August 1, 2018 by EnergyNow Media

August 1, 2018, by Greg Quinn (Bloomberg) Large industrial companies in Canada will face an easier carbon limit when Justin Trudeau’s government starts putting a price on emissions next year. Most firms that produce 50 megatons of carbon dioxide or similar levels of pollution a year won’t face any penalties until their emissions reach 80 … Read more

Talk to your friends about Alberta’s debt – Colin Craig: CTF

August 1, 2018 by EnergyNow Media

August 1, 2018 We all know someone who doesn’t pay attention to ballooning government debt. How can we help them understand the consequences of irresponsible spending? First, ask your friends to reflect on the old expression – “if something sounds too good to be true, it probably is.” Rising government debt is no different; it … Read more

AltaGas founder remains mum on sudden resignation of CEO David Harris

August 1, 2018 by The Canadian Press

CALGARY — The chairman of AltaGas Ltd. says its leadership team is “stepping in and stepping up” in the wake of the sudden departure of president and CEO David Harris last week.
AltaGas founder and chairman David Cornhill, who is filling in with direc…

Oil Falls as U.S. Inventories Jump While Trade War Risks Persist

August 1, 2018 by EnergyNow Media

Aug 1, 2018 by Grant Smith (Bloomberg) Oil fell to the lowest in more than a week amid a surprise jump in U.S. crude inventories and an escalating trade dispute between the U.S. and China. Futures in New York fell as much as 1.4 percent after a 2 percent decline Tuesday. The American Petroleum Institute … Read more

NEB Decision for NGTL’s Northwest Mainline Loop

August 1, 2018 by EnergyNow Media

July 31, 2018 CNW CALGARY, July 31, 2018 /CNW/ – The National Energy Board (NEB or Board) announced today that it has approved NOVA Gas Transmission Ltd. (NGTL)’s request to construct and operate the Northwest Mainline Loop (Boundary Lake North Section) (Project). The Project will be located in northwestern Alberta and includes 23 kilometres of new pipeline to transport natural gas. … Read more

Canbriam Energy Announces Non-Core Asset Disposition and Q2 2018 Production Results

August 1, 2018 by EnergyNow Media

July 31, 2018 CNW CALGARY, July 31, 2018 /CNW/ – Canbriam Energy (Canbriam) announced today that it has sold some non-core Montney lands in Northeast British Columbia for total proceeds of C$50 million. The asset has no associated production and the disposition closed on July 30, 2018. “The disposition of non-core acreage supports the core development at our Altares Montney assets and the ongoing … Read more

Painted Pony Grows Second Quarter Adjusted Funds Flow from Operations by 116%, Increases Second Quarter Liquids Production by 98% and Announces Operational Update

August 1, 2018 by EnergyNow Media

CALGARY, July 31, 2018 /CNW/ – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) is pleased to announce second quarter 2018 financial and operating results, an operational update and director election results from the Annual General Meeting. HIGHLIGHTS: Increased adjusted funds flow from operations by 116% to $39.1 million ($0.24 per share basic), compared to $18.1 million ($0.13 per share basic) … Read more

Raging River Exploration Inc. Announces Second Quarter Operating and Financial Results

August 1, 2018 by EnergyNow Media

July 31, 2018 17:15 ET | Source: Raging River Exploration Inc. CALGARY, Alberta, July 31, 2018 (GLOBE NEWSWIRE) — Raging River Exploration Inc. (the “Company” or “Raging River”) (TSX:RRX) announces its operating and financial results for the three and six months ended June 30, 2018. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim … Read more

Encana delivers strong second quarter financial results; liquids growth, efficiencies and robust realized prices driving quality returns

August 1, 2018 by EnergyNow Media

Email Print Friendly Share August 01, 2018 | Source: Encana Corporation CALGARY, Alberta , Aug. 01, 2018 (GLOBE NEWSWIRE) — TSX, NYSE: ECA Encana delivered strong financial performance in the second quarter driven by continued liquids growth, efficiencies and robust realized prices. Year-over-year, the company more than doubled cash from operating activities and increased its non-GAAP cash flow and cash … Read more

Big Oil’s Winners and Losers Emerge as Crude Prices Surge

August 1, 2018 by EnergyNow Media

July 31, 2018, by James Herron and Rakteem Katakey (Bloomberg) Crude prices rose to three-year highs, operating costs were down and profit was growing by double or triple digits, but investors still found plenty to complain about in Big Oil’s second-quarter earnings. The past week’s financial reports showed a surprising variation in the strength of … Read more

American Oil Production Is Growing More Slowly Than Expected

August 1, 2018 by EnergyNow Media

Jul 31, 2018, by Sheela Tobben (Bloomberg) U.S. oil production may not be growing quite as fast as everyone thinks. American drillers pumped 10.442 million barrels a day in May — about 300,000 fewer barrels per day than the Energy Information Administration had projected. In a report released Tuesday, the agency revised its weekly production … Read more

Five Things to Know in World Business – August 1, 2018

August 1, 2018 by EnergyNow Media

Aug 1, 2018, by Lorcan Roche Kelly (Bloomberg) Holding forth At 2:00 p.m. Eastern Time today the Federal Reserve will announce its latest monetary policy decision, with the Federal Open Market Committee almost certain to hold rates unchanged. Today’s decision will not be followed by a press conference. Policy makers will probably be mulling whether their view that … Read more

Inflation, gas prices, tariffs squeeze consumers

August 1, 2018 by The Canadian Press

The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw…

Trump administration links gas mileage to risk for drivers

August 1, 2018August 1, 2018 by The Canadian Press

WASHINGTON — The Trump administration says people would drive more and be exposed to increased risk if their cars get better gas mileage, an argument intended to justify freezing Obama-era toughening of fuel standards.
Transportation experts dispute t…

Encana posts Q2 loss linked to hedging program but powers ahead by other measures

August 1, 2018August 1, 2018 by The Canadian Press

CALGARY — Encana Corp. recorded a $151 million net loss in the second quarter linked to its risk management program but says it did better than last year by most other financial measures.
The Calgary-based company said the net loss was equal to 16 cen…

New Drillform Shop and Service Facility in Odessa, Texas

August 1, 2018 by EnergyNow Media

Drillform has opened a new shop and service facility in the Permian Basin. Drillform’s Odessa facility is located at the following address: Drillform Drilling Equipment Inc. 12120 W County Road 100 Odessa, Texas, 79765 For service, recertification, overhaul, equipment or field service inquiries call: +1 (281) 948-9122 Drillform is pleased to announce the expansion of … Read more

Oil Drives Canada’s Fastest Economic Growth Spurt in a Year

August 1, 2018August 1, 2018 by EnergyNow Media

July 31, 2018 by Greg Quinn (Bloomberg) Canada’s economy grew at the fastest pace in a year with gains led by crude oil, further evidence of a solid expansion even as trade tensions with the U.S. remain a threat. Gross domestic product expanded by 0.5 percent in May, faster than the 0.3 percent forecast in … Read more

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