With LNG Canada’s pending announcement it is interesting to see see what happens when LNG hits drinking water. https://youtu.be/RqM9EXrBPfU
Sep 30, 2018 by Josh Wingrove, Jennifer Jacobs and Jenny Leonard (Bloomberg) The U.S. and Canada are engaged in last-minute negotiations to update Nafta by Sunday’s deadline, though sticking points remain that could leave Ottawa out of the trade bloc. Talks continued Sunday morning amid renewed urgency to nail down the text of a new … Read more
Sep 30, 2018 by Katherine Greifeld (Bloomberg) The Canadian dollar touched its strongest level since May as the U.S. and Canada held last-minute talks to update Nafta ahead of a deadline on Sunday. The loonie strengthened 0.5 percent to C$1.2847, paring its 2018 decline to 2.4 percent. U.S. and Canadian negotiators are attempting to update … Read more
September 30, 2018 Globe Newswire Delivers immediate 44% premium for MEG shareholders Opportunity to participate in Husky’s dividend, currently yielding 2.2%, with potential for future increases Accretive to Husky’s free cash flow, funds from operations and earnings while maintaining Husky’s strong balance sheet and low-risk profile Expected $200 million in identified annual financial, operational and other … Read more
Sep 30, 2018 by Dana Hull (Bloomberg) Elon Musk will relinquish the role of Tesla Inc. chairman and split a $40 million penalty with the electric-car maker to settle fraud charges brought by the U.S. over his tweeted claims about taking the company private. Musk, 47, will get to keep his job as chief executive … Read more
Sep 28, 2018 by Samuel Robinson (Bloomberg) Oil posted the longest string of quarterly gains in more than a decade as impending supply disruptions threaten to fracture a global market with little margin for error. Futures rose 1.6 percent in New York on Friday while London-traded crude racked up its fifth quarterly advance, a streak … Read more
Sep 29, 2018 by Josh Wingrove (Bloomberg) Chrystia Freeland, Canada’s top Nafta negotiator, has postponed a planned speech at the United Nations as the U.S. and Canada press to reach an agreement on a trade deal. Freeland, the minister for foreign affairs, was scheduled to represent Canada at the UN general debate on Saturday afternoon. … Read more
Sep 29, 2018 by Sheela Tobben and Catherine Ngai (Bloomberg) Enbridge Inc. plans to overhaul its system of awarding space on the biggest pipeline carrying Canadian oil to U.S. refiners. Canada’s largest pipeline operator wants to contract 90 percent of the capacity on its 2.85 million-barrel-a-day mainline system by signing long-term deals with potential shippers … Read more
Sep 28, 2018 by Jasmine Wang, Stephen Stapczynski and Aibing Guo (Bloomberg) Two of Royal Dutch Shell Plc’s Asian partners in a liquefied natural gas venture in western Canada approved their share of the investment, pushing the multibillion-dollar development one step closer to a final approval. The board of PetroChina Co., the nation’s largest oil … Read more
NEW ORLEANS — The Trump administration is easing rules imposed on offshore oil and gas drilling six years after the nation’s worst offshore oil spill.
The decision won immediate praise from an offshore drilling group, but environmentalists said it wou…
Learn how to create a roadmap for success and achieve the traction you desire. Come join us for breakfast in this panel discussion and our experts will discuss how to scale, address pain points and meet targets within your organization. Growing a business is tough. It’s especially tough to build, or even rebuild after the … Read more
September 28, 2018 Reuters U.S. energy companies cut oil rigs for a second consecutive week as new drilling stalled in the third quarter with the fewest additions in a quarter since 2017 due to pipeline constraints in the nation’s largest oil field.Drillers cut three oil rigs in the week to Sept. 28, bringing the total count … Read more
Canada’s drilling rig count decreased by 19 actively drilling rigs according to data collected by Baker Hughes for the week of September 28th. From one week ago, Alberta rig counts decreased 16 to 110 and the Saskatchewan rig counts decreased 2 to 48. Oil and gas drilling decreased 13 to 122 and 6 to 56, … Read more
BANFF, Alta. — The executive vice-chairman of Canada’s largest natural gas producing company says he expects a positive final investment decision for the LNG Canada export project could eventually encourage two or three other projects to follow suit.
…
September 28, 2018 Globe Newswire CALGARY, Alberta, Sept. 27, 2018 (GLOBE NEWSWIRE) — Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the appointment of Carrie Yuill as Chief Financial Officer (“CFO”) of the Corporation effective October 1, 2018. As of September 30, 2018, Dean G. Hill, current CFO, will step down to pursue a new … Read more
September 27, 2018 The Canadian Press EDMONTON – Alberta Premier Rachel Notley says she will go up against controversial anti-pipeline activist Tzeporah Berman in duelling speeches next month. “I will be going myself to make the case for Alberta and our industry to counter misinformation and ensure that the whole story is told,” Notley said to … Read more
Sep 28, 2018, by Lorcan Roche Kelly (Bloomebrg) Re: tweet The Securities and Exchange Commission, moving with unusual speed, is suing Tesla Inc.’s Elon Musk for his August tweet about taking the company private. The SEC accuses Musk of misleading investors and is seeking to ban him from serving as a director, raising the possibility of … Read more
Sep 28, 2018 by Javier Blas (Bloomberg) Does Saudi Arabia have the extra oil? For the first time since Saddam Hussein invaded Kuwait in 1990, Saudi Arabia could face the ultimate petroleum test: pushing its complex network of oilfields, processing plants, pipelines, tank farms and export terminals to the limit, pumping every possible barrel of … Read more
Sep 28, 2018 by Dana Hull, Keith Naughton and David Welch (Bloomberg) It is nearly impossible to imagine Tesla Inc. without Elon Musk, its chairman, CEO, largest shareholder and public face. But a U.S. Securities and Exchange Commission lawsuit has raised questions about the executive’s future at the clean-energy company, sending shares spiraling. The agency … Read more
Sep 28, 2018 by Grant Smith (Bloomberg) As if the mood in the oil market wasn’t already bullish enough, Brent crude is giving traders another reminder of the days of $100 crude. Prices are headed for a fifth quarterly advance in London — the longest rally since June 2008. This historical echo comes as consumers … Read more
September 27, 2018 Calvin Helin, Chairman and President of Eagle Spirit Energy Holding Ltd. is in Calgary this week, spreading news about an important First Nations energy initiative. Helin believes the Eagle Spirit Energy Corridor is a nation-building project – the first indigenous-led major infrastructure project in Canadian history. In a presentation to the 2018 … Read more
TORONTO — Enbridge Gas Distribution Ltd. says its typical Ontario residential customer’s natural gas bill will go down about $29 a year.
The gas distribution company says its received approval from the Ontario Energy Board for new rates starting next …
FORT MCMURRAY, Alta. — The eviction four decades ago of a predominantly Metis settlement in Fort McMurray disrupted members’ traditional way of life and caused lasting economic harm to affected families, says a report released Thursday.
The land known…
EDMONTON — Alberta Premier Rachel Notley says she will go up against controversial anti-pipeline activist Tzeporah Berman in duelling speeches next month.
“I will be going myself to make the case for Alberta and our industry to counter misinformation …
CALGARY — Cenovus Energy Inc. shares increased nearly seven per cent after the oilsands producer said it signed three-year deals with Canada’s major rail companies to move 100,000 barrels per day of heavy crude oil by rail.
The Calgary-based company’s…
September 26, 2018 CALGARY – The president and CEO of Trans Mountain Corp. says its sidelined pipeline project could be back on track by next year under a new National Energy Board hearing schedule, setting it up for a possible 2022 opening date. The timeline unveiled by the federal pipeline regulator on Wednesday is “reasonable … Read more
Sep 27, 2018, 6:32:33 AM, by Grant Smith (Bloomberg) — Oil climbed after the U.S. energy secretary ruled out the release of emergency crude reserves, adding to concerns that the loss of Iranian supplies will tighten markets. Futures in New York rose as much as 1.4 percent. Energy Secretary Rick Perry said Wednesday that the government … Read more
September 26, 2018 | Source: Point Loma Resources Ltd NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Sept. 26, 2018 (GLOBE NEWSWIRE) — Point Loma Resources Ltd. (TSX-V: PLX) (“Point Loma” or the “Company“) is pleased to announce that it has entered into an engagement letter with Mackie Research Capital … Read more
September 26, 2018 | Source: Bengal Energy Ltd. CALGARY, Alberta, Sept. 26, 2018 (GLOBE NEWSWIRE) — Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) announces that the Company and its joint venture partners have successfully completed a three well hydraulic stimulation program (“frac program”) in the Cuisinier oil field on ATP 752 Barta Block (Bengal’s working interest is … Read more
Sep 27, 2018, by Bloomberg News (Bloomberg) At this year’s Beijing Auto Show, a retired Chinese bureaucrat bent down to run his hands over the hood of a sleek sports coupe billed as the world’s fastest battery-powered car, and he smiled like a proud father. In a way, that’s exactly what he was. Two decades earlier, Wan … Read more
DUBAI (Reuters) – Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is worried it might need to limit output next year to balance global supply and demand as the United States pumps more crude. The kingdom, OPEC’s top producer, … Read more
Sep 27, 2018, by Lorcan Roche Kelly and Cecile Gutscher (Bloomberg) Budget problems Negotiations in Italy over the 2019 budget deficit, debt and growth have been hit with last-minute demands for extra spending from the governing coalition partners, threatening a deadline of midnight local time today. Finance Minister Giovanni Tria is fighting to keep the deficit to 2 percent, … Read more
CALGARY — Alberta Premier Rachel Notley is rejecting accusations she dropped the ball by waiting too long to publicly take on the feds over two bills her government believes could seriously harm its oil and gas industry.
“We’ve been very engaged on it…
(Reuters) – Cenovus Energy Inc said on Wednesday that it had signed three-year deals with Canada’s two major railways to transport roughly 100,000 barrels per day (bpd) of crude from Northern Alberta to the U.S. Gulf Coast. The major Canadian energy producer will start shipments on Canadian National Railway Co from its Bruderheim Energy terminal … Read more
A large Canadian midstream oil and gas company was looking for a better way to inspect hazardous zones remotely. Rather than sending workers in PPE into these zones, which has safety implications and significant labor costs, they contacted Osprey for a solution to increase productivity and security at several remote sites. Solution Osprey deployed a … Read more
OTTAWA — Federal lawyers want closed-door hearings in a high-profile court case about allegations of Canadian Security Intelligence Service spying on anti-pipeline activists.
The civil liberties group behind a complaint about the purported CSIS wrongd…
Sep 26, 2018 by Natalie Obiko Pearson, Michael Bellusci and Kevin Orland (Bloomberg) Royal Dutch Shell Plc and its partners are set to announce a decision on their C$40 billion ($31 billion) liquefied natural gas terminal in western Canada as early as next week, amid signs the companies are poised to approve it, according to … Read more
Sep 26, 2018 by Samuel Robinson (Bloomberg) Crude erased most of the day’s losses after U.S. Energy Secretary Rick Perry said the nation’s strategic oil reserves won’t be tapped to expand global supplies. Selling some of those reserves would have a “fairly minor and short-term impact,” Perry told reporters in Washington on Wednesday. As sanctions … Read more
September 26, 2018 CNW Striving towards a goal of zero incidents CALGARY, Sept. 26, 2018 /CNW/ – The Canadian Energy Pipeline Association (CEPA) today released its 2018 Transmission Pipeline Industry Performance Report, highlighting how CEPA’s members are performing in the areas of safety, the environment and socio-economic priorities. “We are proud of our industry’s performance and how we are prepared … Read more
September 26, 2018 PR Newswire CALGARY, Sept. 26, 2018 /PRNewswire/ – Black Swan Energy Ltd. (“Black Swan”) is pleased to announce that it has entered into a definitive agreement with a subsidiary of AltaGas Ltd. (together with its subsidiaries, “AltaGas”) whereby AltaGas will acquire 50% ownership in certain existing and future natural gas processing plants of Black Swan … Read more
Sep 25, 2018 by David Marino (Bloomberg) Oil at $100? Not so fast, says Goldman Sachs. The bank’s analysts said in a note Tuesday that “another supply catalyst beyond Iran would likely be needed for prices to meaningfully break to the upside.” That threw a bit of cold water on bullish forecasts issued this week … Read more
CALGARY — The president and CEO of Trans Mountain Corp. says its sidelined pipeline project could be back on track by next year under a new National Energy Board hearing schedule, setting it up for a possible 2022 opening date.
The timeline unveiled b…
Sep 26, 2018 by Grant Smith and Tsuyoshi Inajima (Bloomberg) Oil traded near $82 a barrel as pressure on Iran escalated, with President Trump hardening rhetoric against the country and crude customer India cutting its imports to zero. Brent futures were little changed in London after settling in the previous session at the highest since … Read more
GENEVA, Sept 26 (Reuters) – If U.S. President Donald Trump wants the price of oil to stop going up, he should stop interfering in the Middle East, Iranian oil minister Bijan Zanganeh said on Wednesday, according to the Iranian Students’ News Agency (ISNA). “Mr. Trump is trying to seriously reduce exports of Iran’s oil and … Read more
Sep 26, 2018, by Lorcan Roche Kelly (Bloomberg) Dot, plot The Federal Open Market Committee is almost certain to raise rates by 25 basis points to a target range of 2 percent to 2.25 percent when it announces its decision at 2:00 p.m. Eastern Time today. At the same time, the committee will publish the quarterly … Read more
September 25, 2018 | Source: Geomatics Data Management Inc. Pipeline Consequence Risk Map Pipeline consequence rankings are displayed for every pipeline in Western Canada. Geomatics Data Management Inc. CALGARY, Alberta, Sept. 25, 2018 (GLOBE NEWSWIRE) — GDM Pipelines (“GDM”), the leader in midstream information management solutions, and Explore Inc. (“Explore”), premier pipeline risk management and integrity specialists, announced today that … Read more
Email Print Friendly Share September 26, 2018 | Source: Canadian Natural Resources Limited CALGARY, Alberta, Sept. 26, 2018 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that Canadian Natural’s offer to acquire all of the issued and outstanding common shares (the “Laricina Shares”) of Laricina Energy Ltd. (“Laricina”) for $0.0815 per Laricina Share by way … Read more
UNITED NATIONS (Reuters) – Iranian President Hassan Rouhani on Tuesday criticized Washington for its hostile policy toward his country and said the U.S. approach was doomed to failure. Rouhani, in a speech to the United Nations General Assembly, said the United States had waged “economic war” against Iran by reimposing unilateral sanctions, which were lifted … Read more
OTTAWA — The federal fisheries minister said Tuesday it will be more difficult for cabinet to give another green light to the Trans Mountain pipeline expansion if — or more likely when — the National Energy Board’s new environmental review determines …
September 25, 2018 by The Canadian Press CALGARY — Alberta’s energy and environment ministers are heading to Ottawa to push for changes to federal legislation that would overhaul energy project reviews. Premier Rachel Notley made the announcement today in a speech to the International Pipeline Conference in Calgary. She says Energy Minister Marg McCuaig-Boyd and Environment … Read more
23 Companies in One Place…in One Day! (See the line-up below) Special Offers: 1. INDIVIDUALS: Two VIP Tickets for the price of one! Here How: If individuals – Use the promo code SER100 and you will get $100 off the VIP ticket price and $50 off the General Admission Price. You can also purchase a Companion Ticket for … Read more
Bolongo Ltd. expands operations into Mexico Bolongo Ltd., the online marketplace for new and unused oil and gas materials is pleased to announce that it will be opening an office in Mexico City, Mexico effective immediately. Bolongo, in association with our partners and agent, Marcos y Asociados, will be taking advantage of its early positioning … Read more
CALGARY — The president of the company proposing the $16-billion Eagle Spirit Pipeline says his project could win regulatory approval if the federal government backs down on its plan to ban oil tanker traffic on the north coast of B.C.
Calvin Helin of…
OTTAWA — New Democrat MP Romeo Saganash apologized to the House of Commons on Tuesday for using the F-word to describe Prime Minister Justin Trudeau’s approach to Indigenous rights.
During question period, the NDP’s reconciliation critic accused the f…
ST. PAUL, Minn. — Environmental and Indigenous groups asked Minnesota regulators on Tuesday to reconsider their approval of Enbridge Energy’s plans to replace its aging Line 3 crude oil pipeline across northern Minnesota.
The groups, including the Sie…
September 25, 2018, Calgary, New Orleans, LA, USA and Calgary, Alberta, Canada- DCL Rigging & Mooring (DCL) and Aerostar Drone Solutions Inc. have created an alliance to shake up traditional Asset Management and Engineering Inspection Service Markets in North America. Together they intend to dramatically lower the cost of conducting engineering surveys & inspection engagements … Read more
DK-Lok Canada Ltd (DKC) is the Canadian exclusive master distributor of DK-Lok and DK-Lok Corp high quality valve, fitting, tubing and related products. We support various industries requiring leak-free system components for instrumentation, process and fluid handling systems. We consistently achieve the lowest overall cost for our customers without ever sacrificing quality for price. The DK-Lok … Read more
FORT MCMURRAY, Alta. — The company proposing the $20.6-billion Frontier Oil Sands Mine says it has achieved its target of signing deals with all of the Indigenous groups who live near the northern Alberta megaproject.
Doug Brown, director of public af…
September 25, 2018 Filing Services Canada Calgary, Alberta (FSCwire) – ARROW Exploration Ltd. (“Arrow”) and Front Range Resources Ltd. (“FRK” or “Front Range”) (TSXV: FRK) are pleased to announce that, further to the joint news releases issued by Arrow and Front Range dated June 4, 2018, August 27, 2018 and September 17, 2018, Front Range has closed its … Read more
September 25, 2018 Reuters LONDON (Reuters) – Crude oil prices shot to a four-year high on Tuesday, catapulted by imminent U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply. U.S. crude futures were up 30 cents at $72.38 a barrel, … Read more
OLYMPIA, Wash. — Washington’s Department of Ecology wants the Canadian government to fix what it calls “deficiencies in critical areas” of its spill response plan for a spur of the Trans Mountain pipeline that runs through the state. When Canada purchased the Trans Mountain pipeline and assets for $4.5 billion, it also bought the Puget Sound … Read more
Sep 25, 2018, by Lorcan Roche Kelly (Bloomberg) Resilience Chinese officials said the country will boost domestic consumption, investment and business sentiment in order to protect the economy from the impact of U.S. tariffs. The comments come as both sides appear to be digging in for an extended trade war, with China’s Vice Commerce Minister Wang … Read more
September 24, 2018 | Source: Velvet Energy Ltd. Resignation of Iron Bridge Board of Directors & Officers; Velvet to Appoint New Slate of Directors & Officers 81.98% of Iron Bridge common shares tendered, exceeding Velvet’s minimum 2/3rds condition Velvet to take-up and pay for 126.9 million of the currently outstanding common shares of Iron Bridge and extend … Read more
September 24, 2018 | Source: STEP Energy Services Ltd. CALGARY, Alberta, Sept. 24, 2018 (GLOBE NEWSWIRE) — On behalf of the management team and board of directors of STEP Energy Services Ltd. (“STEP” or the “Company”), Mr. Regan Davis, President & Chief Executive Officer, is pleased to announce that Mr. Michael Kelly will join the executive leadership … Read more
September 24, 2018 | Source: ClearStream Energy Services Inc. CALGARY, Alberta, Sept. 24, 2018 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) is pleased to announce the acquisition of AFX Materials and Fabrication Ltd. (“AFX”) for total consideration of up to $2.5 million. AFX is a specialized manufacturer of wear resistant chromium … Read more
September 25, 2018 | Source: Saturn Oil + Gas Inc SASKATOON, Saskatchewan, Sept. 25, 2018 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to announce the initial production rates for their three 100% working interest Viking horizontal wells brought on-line during the August 2018 program. Additionally, effective … Read more
(Reuters) – The Canadian heavy oil differential closed at its widest point on record against the West Texas Intermediate (WTI) benchmark on Monday in thin trade, as transportation constraints continued to weigh. Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, settled at $42.00 a barrel below the WTI benchmark crude futures CLc1, compared with Friday’s settle … Read more
Sep 24, 2018, by Javier Blas, Heesu Lee, Alfred Cang and Dan Murtaugh (Bloomberg) Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost four-year high … Read more
September 24, 2018 Reuters LONDON (Reuters) – Eleven years ago, on Monday Sept. 24, 2007, the price of Brent crude closed just below $79 per barrel, not far from where it is today. Three days later, Brent closed above $80 for the first time in history. Less than 10 months after that, prices closed at an … Read more
Lockout/Tagout & Machine Guarding products and Signage & Identification products chosen as one of the best in the country MILWAUKEE, Wis. (August , 2018) — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced today that Lockout Tagout and Machine Guarding products and Signage and Identification products have won … Read more
FORT MCMURRAY, Alta. — In a sign that the oilsands mining industry can’t be counted out just yet, public hearings into the proposed $20.6-billion Frontier Oil Sands Mine project begin in Fort McMurray, Alta., today.
International oil companies are cut…
FRESNO, Calif. — California officials demanded Monday that the Trump administration back off a plan to weaken national fuel economy standards aimed at reducing car emissions and saving people money at the pump, saying the proposed rollback would damag…
CALGARY — Alberta Opposition Leader Jason Kenney says he didn’t sow confusion on his recent trade trip to India, and says the contacts he renewed there can only help the province.
Kenney also mocked Trade Minister Deron Bilous for saying his office is…
OTTAWA — The national chief of the Assembly of First Nations says the federal government would find it easier to get the Trans Mountain pipeline built if it moves the route and the marine shipping terminal to avoid Indigenous communities that are oppo…
September 24, 2018 Reuters NEW YORK (Reuters) – Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. U.S. light crude was $1.43, or 2 percent, higher at … Read more
September 24, 2018 Filing Services Canada Calgary, Alberta (FSCwire) – Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) announces the acquisition of lands providing entrance into the Rex (Upper Mannville) oil play in the Leduc area of Alberta and provides an operational update across its core focus areas. With the addition of these properties … Read more
September 24, 2018 CNW CALGARY, Sept. 24, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) is pleased to announce an increase to its 2018 Adjusted EBITDA guidance range to $2.75 to $2.85 billion. The Company is also pleased to announce that in conjunction with incremental volume commitments from customers on the Peace pipeline, Pembina will … Read more
LINCOLN, Neb. — The developer of the Keystone XL oil pipeline plans to start construction next year, after a U.S. State Department review ordered by a federal judge concluded that major environmental damage from a leak is unlikely and could quickly be…
By Christopher Johnson LONDON (Reuters) – Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. Benchmark Brent crude LCOc1 hit its highest since November 2014 at … Read more
Sept 24, 2018 China says no trade talks under tariff threat, Brent hits highest since 2014 and Theresa May faces more Brexit challenges. Here are some of the things people in markets are talking about today. Trade block Chinese authorities said that President Donald Trump’s threats of further tariffs on the country’s exports to the U.S. … Read more
The Energy Connect Conference & Expo is a two-day virtual conference & trade show dedicated to connecting businesses & energy professionals in the oil and gas industry. During Energy Connect, everything is done virtually, making it one of the most accessible ways to learn, inform, connect, promote & network. “A rapidly changing business landscape calls … Read more
Negotiating is a daily practice. In business, we need to negotiate deliberately to achieve win-win outcomes. The aim of this program is to develop your capability to build important business relationships and networks and successfully navigate complex situations. This program is designed to learn and practice negotiating techniques over a period of time to embed … Read more
September 23, 2018 Reuters The U.S. State Department on Friday issued an environmental assessment of a revised route for the Keystone XL crude pipeline that concluded it would not harm water or wildlife, clearing a hurdle for the project that has been pending for a decade.Even if the pipeline spilled crude oil along its revised route … Read more
There is just under a year to the final changeover date for WHMIS 2015, and you are probably a bit confused, right? Wondering what the timeline is for your business to be compliant and change over all your signage and labels? Don’t worry, you’ve come to the right spot. We set out on a journey … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Eddie gives his manager performance whiplash, bouncing between all-star performance one month and “why did I ever hire him” performance the next. Eddie isn’t at fault. His performance fluctuated like that during his probation … Read more
by Natalie Obiko Pearson (Bloomberg) The debacle over Canada’s oil pipeline nationalization and trade tensions with the U.S. won’t affect the final investment decision on Royal Dutch Shell Plc’s C$40 billion ($31 billion) liquefied natural gas project, according to the head of the venture. Shell-led LNG Canada proposes to export as much as 26 million … Read more
Eclipse E-Line Services Inc. is pleased to announce and welcome Anders Olsen as our new Sales Manager. Anders will be responsible for the leadership of the Eclipse sales team, developing new business opportunities and providing innovative solutions to our customers. Anders brings 10 years of Sales experience to Eclipse, all in the Wireline Services sector. … Read more
October 1-2, 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 this fundamental course you will learn: ✔ How to … Read more
Sep 21, 2018 by Kevin Orland (Bloomberg) The head of the Canada’s largest oil-producing province gave tepid support to Justin Trudeau’s plan to restart the approval process for the Trans Mountain pipeline expansion after a recent court setback. “The regulatory timeline laid out today is actually reasonable and is in line with what we knew … Read more
Sep 23, 2018 by Alex Longley (Bloomberg) The rise of U.S. shale oil is set to extend well into the 2020s, stealing market share from OPEC, the group said in its latest World Oil Outlook. Total supply from outside of the Organization of Petroleum Exporting Countries will surge by 8.6 million barrels a day from … Read more
September 23, 2018 The Associated Press DALLAS – America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating their homes, leaving … Read more
September 23, 2018 U.S. energy companies cut oil rigs for a second week in three as new drilling has stalled in the nation’s largest oil field, where production was forecast to grow at the slowest pace in nearly two years due to pipeline constraints.Drillers cut one oil rig in the week to Sept. 21, bringing … Read more
The SonicWall Capture Labs Threat Research team has been observing an active spam campaign spreading a banking Trojan widely known as Feodo. This spam uses a very common tactic of sending a fake invoice or bank statement as an attachment with a link that leads to downloading malware. Infection cycle: The spam email purports to … Read more
Sep 21, 2018 by Liam Denning (Bloomberg Opinion) If the U.S. president is tweeting about OPEC, then it means oil is looking sprightly (partly due to his own actions). Many seem to share his view: Consensus forecasts for prices keep rising. In Bernstein Research’s latest quarterly survey of energy investors, 46 percent saw West Texas … Read more
Canada’s drilling rig count decreased by 29 actively drilling rigs according to data collected by Baker Hughes for the week of September 21st. From one week ago, Alberta rig counts decreased 30 to 126 and the Saskatchewan rig counts increased 2 to 50. Oil and gas drilling decreased 13 to 135 and 16 to 62, … Read more
DALLAS — America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.
It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend…
OTTAWA — The National Energy Board has less than six months to redo its environmental review of the Trans Mountain pipeline expansion, this time taking into account the impact of additional oil tanker traffic off the coast of British Columbia. Three weeks after the Federal Court of Appeal overturned approval of the expansion project, Natural Resources Minister … Read more
September 21, 2018 Reuters LONDON (Reuters) – Oil prices rose on Friday ahead of a meeting of OPEC and other large crude exporters that will focus on production increases as U.S. sanctions restrict Iranian exports. U.S. light crude was up 45 cents at $70.77. Brent is close to four-year highs, trading just below $80 a barrel, … Read more
September 21, 2018 Reuters LONDON (Reuters) – Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) – more than twice what it was 50 years ago – and it shows no immediate sign of falling. Despite overwhelming evidence of carbon-fuelled climate change and billions in subsidies for alternative … Read more
September 20, 2018 Globe Newswire Amended Offer of $0.845 per Iron Bridge share has unanimous support of Iron Bridge’s Board of Directors and largest shareholders Shareholders urged to tender their shares ahead of the deadline on September 24, 2018. at 5:00 p.m. Toronto time. Shareholders are reminded that most financial intermediaries have earlier expiry deadlines for … Read more
September 20, 2018 Reuters Natural gas is no longer merely a transition fuel between the past of dirty coal and crude oil and the future of renewables, according to an increasingly confident cross-section of the industry.A procession of senior executives of major companies, including Royal Dutch Shell and Exxon Mobil Corp , espoused this view while … Read more
September 20, 2018 | Source: Cordy Oilfield Services Inc. CALGARY, Alberta, Sept. 20, 2018 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (“Cordy” or the “Company”) (CKK: TSX-V) announces that it has entered into a non-binding Memorandum of Understanding with Remedx Remediation Services Inc. (“Remedx”, collectively with Cordy, the “Parties”). The MOU establishes the framework for the Parties … Read more
September 21, 2018 | Source: Macro Enterprises Inc. FORT ST. JOHN, British Columbia, Sept. 21, 2018 (GLOBE NEWSWIRE) — Macro Enterprises Inc. (TSXV:MCR) (the “Company” or “Macro”) is pleased to announce that it has been awarded a contract for the construction of the Groundbirch Compressor Station, a two-unit greenfield compressor station located near Dawson Creek, B.C. that is part … Read more
Sep 20, 2018, by Robert Tuttle (Bloomberg) The Permian Basin isn’t the only oil field facing pressure from pipeline bottlenecks. While global oil prices have climbed almost 20 percent this year, producers in Alberta and British Columbia’s shale formations are seeing just the opposite, stymied by a lack of sufficient infrastructure to bring their light … Read more
(Reuters) – Next-day natural gas prices for Thursday at the Waha hub in the Permian basin tumbled 60 percent to their lowest on record due to pipeline constraints limiting the amount of gas that can move out of the region. Prices for Thursday at the Waha hub fell almost a dollar to 66 cents per … Read more
LONDON (Reuters) – Iran hit back at a U.S. offer of negotiations on Thursday, saying Washington had violated the terms of the last big deal they agreed, the 2015 nuclear accord. U.S. President Donald Trump pulled out of that nuclear accord – which curbed Iran’s atomic activities in return for sanctions relief – in May, … Read more
Sep 20, 2018, by Samuel Robinson (Bloomberg) Oil retreated after U.S. President Donald Trump resumed his criticism of OPEC, saying on Twitter that the cartel “must get prices down now!” as the global benchmark crude flirted with $80-a-barrel earlier this week. Futures dropped 0.9 percent in London and 0.5 percent in New York on Thursday. … Read more
Sep 20, 2018, by Greg Quinn (Bloomberg) Canada’s economic growth could be pared by about a quarter next year if the North American Free Trade Agreement collapses, and the drag will be extended if an automobile trade war emerges, according to a new Conference Board forecast. Failing to renew the trade pact, currently the subject … Read more
Sep 21, 2018, by Lorcan Roche Kelly (Bloomberg) Witching, rebalancing Today sees a collision of two major events that have the potential to significantly increase volatility in U.S. stocks. The first is quadruple witching – the quarterly expiration of futures and options on indexes and individual stocks. The second is the largest revision to the Global Industry Classification Standard … Read more
EDMONTON — Kermit the Frog sang “It’s Not Easy Bein’ Green,” and candidates running to be leader of the Green Party of Alberta might relate.
At a time when the province’s oil industry still struggles to recover from a slump and many blame environmenta…
by Cody Battershill If you care about kids, you probably have an interest in following the Alberta Teachers’ Association. After all, the group represents more than 43,000 members, including teachers and teacher administrators in all schools in Alberta’s public, separate and francophone school divisions. So, by definition, it seems the ATA matters — a lot. … Read more
REGINA — The Saskatchewan NDP is raising concerns after discovering the government has sold two Crown-owned SaskEnergy gas plants to a private Alberta company.
The plants were sold to the Calgary-based Steel Reef Infrastucture for $31.3 million.
They …
September 20, 2018 (HOUSTON) – Gardner Denver Petroleum & Industrial Pumps, the only total solutions provider to the drilling, well servicing and frac pumps market, announces the launch of GDNX, the next generation of fluid end technology. “The GDNX follows Gardner Denver’s legacy of product innovation and superior product quality,” said Larry Kerr, Vice President/GM. “We’re proud … Read more
Sep 19, 2018 by Kiel Porter (Bloomberg) Bank of Montreal has a acquired a portfolio of about $3 billion in energy loans from Deutsche Bank AG. “We are one of the leading energy investment banks in North America and we got there by continuously investing in our franchise to support our clients — including by … Read more
TORONTO — Amid the chaos and stress of moving from one province to another, the last thing on most people’s minds is how their family’s relocation will affect their tax return.
However, the Canada Revenue Agency offers a long list of eligible tax ded…
September 20, 2018 CNW TSX:TVE CALGARY, Sept. 20, 2018 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce that, due to exceptional 2018 drilling results, current production is ahead of forecast. As a result, the Company is pleased to provide its second guidance increase for 2018 annual and exit production and preliminary 2019 … Read more
September 20, 2018 Reuters LONDON (Reuters) – Oil prices steadied on Thursday but the market remained bullish after news of another fall in U.S. crude inventories and on signs that OPEC may not raise production enough to compensate for the loss of Iranian exports hit by U.S. sanctions. U.S. light crude oil was 40 cents higher … Read more
WASHINGTON (Reuters) – U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices. “We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher … Read more
Sep 20, 2018, by Lorcan Roche Kelly (Bloomberg) Cuts Premier Li Keqiang said China would reduce tariffs on imports in a move seen as an effort to lower costs for consumers as the trade war with the U.S. heats up. Two people familiar with the plan said the cuts will target average tariff rates from the majority of … Read more
Sep 19, 2018, by Christopher Sell (Bloomberg) A global recession, both $140 and $30 oil, the U.S. shale revolution, a market-share war, and output cuts. OPEC’s 60-year history has rarely confronted a more challenging period than the past decade. Now, instead of enjoying the higher prices resulting from 18 months of joint production cuts with … Read more
WASHINGTON/OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month. Ottawa is pushing back against increasing pressure by the administration of … Read more
BISMARCK, N.D. — Five years and almost $100 million later, cleanup is complete on a massive oil pipeline leak in North Dakota that has been called one of the biggest onshore spills in U.S. history, industry and state officials said Wednesday.
The spil…
OTTAWA — The federal government is speeding up the timelines for the removal of rupture-prone tank cars from Canadian railroads.
Ottawa has taken steps to phase out certain types of tank cars following the deadly train derailment and explosions in Lac…
VANCOUVER — The developer of a floating liquefied natural gas export facility proposed for Vancouver Island says it has a deal with a Korean shipbuilder for the design of two large at-shore hulls.
Steelhead LNG and partner Huu-ay-aht First Nations say…
CALGARY — A maintenance shutdown at the refinery that is the largest buyer of Canadian heavy oil in the United States is expected to extend and possibly worsen the price discounts on crude from north of the border.
Analysts at AltaCorp Capital in Calg…
How to spot sweeter opportunities & reduce the uncertainty related to asset retirement obligations Our business environment is changing. Major liability cases are putting the spotlight on how Canada’s energy industry estimates and monitors asset retirement costs. This increased scrutiny may affect access to capital, deal approvals, and license review processes. Abandonment and reclamation strategies … Read more
The chemical industry in North America is experiencing a resurgence and an upcoming conference in Edmonton will provide insights into how Canada can position itself to be a competitive player on the global chemical stage. The Chemistry Canada Summit, September 24-26 in Edmonton, will offer an expanded technical program and exhibition as the business conference … Read more
Get product specs and easy access to key information We’ve been polishing up our website. We’re excited to announce that Sur-Flo’s new and refreshed website is live. Our updated site includes easier navigation and more relevant product information. We’ve also honed the structure of our content so you’ll get more from a quick read. After … Read more
CALGARY, September 17, 2018 – The Board of Directors of Enercorp Sand Solutions (“Enercorp” or the “Company”) is pleased to announce today the appointment of Justin Morin to serve as Enercorp’s Executive Chairman. Mr. Morin will step down from his current role as the Company’s Chief Executive Officer (“CEO”), and transition day to day leadership … Read more
GORKY, Russia (Reuters) – Russian Energy Minister Alexander Novak said on Tuesday that current high oil prices of between $70 and $80 per barrel were temporary and were mainly driven by sanctions, adding that the long-term price would stand at around $50 per barrel. Speaking at a meeting of government officials and the heads of … Read more
September 18, 2018 CNW CALGARY, Sept. 18, 2018 /CNW/ – Gear Energy Ltd. (“Gear“) (TSX: GXE) is pleased to announce the successful completion of the acquisition of Steppe Resources Inc. (“Steppe“), a private oil and gas company, pursuant to the previously announced plan of arrangement (the “Arrangement“). Pursuant to the Arrangement, shareholders of Steppe received 0.1445 of a … Read more
September 19, 2018 Reuters LONDON (Reuters) – Oil eased on Wednesday, but held near its highest level this year, as concerns that producers may fail to cover a supply shortfall once U.S. sanctions on Iran come into force outweighed an increase in U.S. inventories. U.S. crude futures were down 6 cents at $69.79, after gaining 1.4 … Read more
Sep 19, 2018 by Andy Hoffman (Bloomberg) Commodity giants Mercuria Energy Group Ltd. and Gunvor Group joined forces with Royal Dutch Shell Plc and a slew of international banks to create a trade-finance venture aimed at becoming the industry standard. Using blockchain technology, the Komgo SA venture will develop a digital ledger-based system to track … Read more
Sep 19, 2018 by Kevin Orland (Bloomberg) After years of suffering through plunging energy prices and declining spending by oil-sands behemoths, Canada’s oilfield-service industry is finally seeing a light on the horizon. Companies that do everything from drilling wells to building work camps are pinning their hopes on a potential C$40 billion ($30 billion) liquefied … Read more
By David Yager Energy Policy Analyst – Oil & Gas Writer “Canadians must be able to trust that government will engage in appropriate regulatory oversight, including credible environmental assessments, and that it will respect the rights of those most affected, such as Indigenous communities. While governments grant permits for resource development, only communities can grant … Read more
Reuters) – Oil output from seven major shale formations in the United States is expected to rise by 79,000 barrels per day to 7.6 million bpd in October, the U.S. Energy Information Administration said Monday. Surging oil output from shale formations boosted total U.S. crude production to a record high of nearly 10.7 million barrels … Read more
WASHINGTON (Reuters) – The Trump Administration is slated on Tuesday to roll back an Obama-era rule on emissions of the greenhouse gas methane from oil and gas operations on public lands in its latest step to ease energy industry regulations, environmental groups said. The Interior Department did not have an immediate comment on the rule … Read more
Sep 19, 2018, by Lorcan Roche Kelly (Bloomberg) Trade U.S. Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland will meet later today in Washington as the two countries remain at odds over some key details on a deal. President Donald Trump has warned he would impose tariffs on Canada in the event of … Read more
Sep 18, 2018, by Josh Wingrove (Bloomberg) High-level Nafta negotiations are set to resume in Washington, where Republicans are warning time is running out for Canada to join the U.S. and Mexico in a trilateral deal. Canadian Foreign Minister Chrystia Freeland will arrive in the U.S. capital Tuesday evening and talks with U.S. Trade Representative … Read more
September 18, 2018 TSX-V: HME VANCOUVER, Sept. 18, 2018 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) is pleased to provide an update on its recent field operations. Hemisphere has successfully completed the drilling component of its 11 well summer program, of which 10 wells will be produced and one well used as a water … Read more
September 17, 2018 Filing Services Canada Calgary, Alberta (FSCwire) – ARROW Exploration Ltd. (“Arrow”) and Front Range Resources Ltd. (“FRK” or “Front Range”) (TSXV: FRK) are pleased to announce that, further to the joint news releases issued by Arrow and Front Range dated June 4, 2018 and August 27, 2018, Arrow has closed its previously announced private placement … Read more
September 18, 2018 CNW CALGARY, Sept. 18, 2018 /CNW/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) is pleased to provide an operational update as follows: Bigoray Enhanced Oil Recovery Project: Phase Two of the Bigoray Enhanced Oil Recovery (EOR) Modelling Project is making good progress with Pulse having now completed the 3-D seismic … Read more
September 18 by Grant Smith (Bloomberg) Oil rose as Saudi Arabia was said to be comfortable with Brent crude exceeding $80 a barrel. Futures in London added as much as 1.7 percent. The world’s biggest crude exporter is content to see the global benchmark advance, at least in the short term, as markets adjust to … Read more
Sep 18, 2018, by Naureen S. Malik (Bloomberg) Enbridge Inc. agreed to acquire the shares it doesn’t already own in three North American units for about $7.1 billion as the Canadian pipeline giant moves to simplify its corporate structure. The rollup will also streamline Enbridge’s capital structures and bring all of its core liquids and … Read more
Sep 18, 2018, by Lorcan Roche Kelly (Bloomberg) Mr. 10 percent The White House announced a new 10 percent tax on over 5,000 products from China that will come into effect next week, with those tariffs rising to 25 percent on Jan. 1 2019. The move undermines the prospect of any further trade talks with Beijing … Read more
Sep 18, 2018, by Javier Blas (Bloomberg) Aggressive and undiplomatic, certainly, but also extremely effective. With nearly 50 days to go before new U.S. oil sanctions against Iran enter into force, President Donald Trump has already managed to crush the country’s petroleum exports, dealing severe economic damage to Tehran. Iranian oil exports have plunged about … Read more
Sep 18, 2018, by Javier Blas (Bloomberg) Saudi Arabia is now comfortable with Brent oil prices rising above $80 a barrel, at least in the short term, as the global market adjusts to the loss of Iranian supply from U.S. sanctions, according to people familiar with the kingdom’s view. The world’s largest exporter has tried … Read more
CALGARY — Less than a month after saying it wouldn’t increase its offer to buy the equity it doesn’t own in three North American subsidiaries, Calgary-based Enbridge Inc. is doing just that.
The pipeline, utility and power company announced Tuesday it…
We are very pleased to advise that effective August 27, 2018, Brady Canada announced the promotion of Jamie Button to the position of Country Manager. Jamie has held a number of Sales, Marketing and Operational roles since joining Brady in 1994. Brady has had Canadian operations based in the GTA since 1958; the Canadian head office is … Read more
Ensuring that your contractors meet the insurance requirements under your Master Service Agreements can be a significant resource drain and a source of frustration for oil and gas operators and contractors alike. The use of properly crafted insurance and indemnity language in Master Service Agreements (MSAs) can be a good first step in protecting operators … Read more
Customer gets access to remote sites via Osprey Reach for visual inspection and reporting. Avoids helicopter trips during spring break-up, cuts down on routing site visits by 40%. The Challenge A leading North American oil and gas producer was seeking to find a more cost-effective way to monitor geographically remote and widely distributed sites in … Read more
As we approach the time in the far and farther north where ice on a beard or scarf mimics a work of art, companies are gearing up for what is being heralded as a very ugly winter. Ugly is relative as you will see. Whether you subscribe to official weather services or the Farmer’s Almanac; … Read more
September 17, 2018 by The Canadian Press OTTAWA — The federal government is shopping around for a retired federal judge to help guide a renewed consultation with Indigenous communities on the Trans Mountain pipeline expansion. The Federal Court of Appeal last month quashed the approval given to the project, saying the consultation with Indigenous communities wasn’t good … Read more
Tell Alberta Teachers’ Association (ATA) President Greg Jeffery that hiring anti-oil activist, and paid pipeline obstructionist Tzeporah Berman as the keynote speaker at the ATA conference called “Grounded in Truth, Soaring With Knowledge” is unacceptable! This decision is an insult to Albertans, and is an insult to the parents and teachers who value a strong economy and a … Read more
Sep 17, 2018 by Heesu Lee and Grant Smith (Bloomberg) Oil traded above $69 a barrel as investors prioritize the loss of supplies in key OPEC nations against the threat to demand in emerging markets. Futures gained 0.8 percent in New York, extending Friday’s 0.6 percent increase. Supply concerns from losses in Venezuela and Iran … Read more
Sep 17, 2018, by Anthony DiPaola (Bloomberg) OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces “headwinds,” the head of the organization said. The historic supply deal between Saudi Arabia, Russia and other producers reached in late 2016 needs to become permanent, Mohammad Barkindo, secretary-general of … Read more
LONDON (Reuters) – Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as U.S. President Donald Trump seeks to impose fresh sanctions on Iranian oil sales. Washington wants to cut Iran’s oil exports to zero by November, and is encouraging producers such as Saudi Arabia, other OPEC … Read more
Sep 17, 2018, by Lorcan Roche Kelly (Bloomberg) Disharmony China is considering declining the offer of trade talks, according to the Wall Street Journal, after President Donald Trump told aides on Thursday to proceed with tariffs on about $200 billion more in the the country’s products. The disunity within the U.S. administration over the approach … Read more
According to Josef Schachter, author of the Schachter Energy Report, Energy Bull Markets start from a period of lackluster action in the sector and then some key metric changes. “In the 1970s it was the launch of Japan as a juggernaut export economy,” he says. “In the 2000-2008 period it was China, industrializing and lifting … Read more
The 2019 Call for Abstracts is open to energy professionals to submit proposals before December 14, 2018, to be considered for the GPS Business & Technical Conference. Submit an abstract online and share your knowledge, experience and solutions with industry colleagues from around the world. 6 REASONS TO SUBMIT YOUR ABSTRACT As a distinguished speaker at … Read more
WHMIS has been with us since its introduction in 1988 and since then has gone through two revisions. The latest being the update that brings WHMIS into the 21st century. WHMIS came into effect on October 1, 1988. The formation of WHMIS came out of the discussion regarding the Dangerous Goods Act in 1985 after the … Read more
As you prepare to take on more fuel delivery clients and your company grows, so does your need to efficiently manage all the moving parts of the business while keeping your daily operations running smoothly. With growth, you may find yourself dealing with increasing expenses, issues with customer support, and miscommunication amongst staff. When you … Read more
Introduction to Controls Hazards and Operability (CHAZOP) Study September 24, 2018 Calgary, AB Why attend this course ? The last 20 years have seen a dramatic increase in both the complexity and integration level of data systems in the industry. If engineers, operators, and maintainers in your facility cannot say which are the top threats, impacts, or events related … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary The soft economy in Alberta and the traditionally more relaxed summer months presented an opportunity for leaders to reset and refocus their organizations. Leaders seeking ways to inspire their team and create internal motivation in … Read more
Scovan Engineering Inc. provides engineering, procurement, and construction management services for the oil and gas industry. We specialize in the construction of new oil and gas facilities and offer innovation and experience to energy related developments. At Scovan, we believe our work speaks for itself. But don’t take our word for it – our clients … Read more
September 16, 2018 Reuters USD Partners LP has begun expansion work at one of Canada’s largest crude by rail loading terminals, which will boost capacity at the facility by 50 percent and be completed by year end, the head of the company’s Canada unit told Reuters.The expansion at Hardisty, Alberta, will increase loading capacity to three … Read more
A commentary by Wendy Ferguson Trying to Understand the Unemployment Stats and Where Do We Go From Here? School’s back in session and summer vacations are over, yet that September rush hour traffic in Calgary doesn’t seem as heavy as it should. Prime parking spots are available at peak times and the vacancy rate of … Read more
Clay Riddell, the billionaire oil baron and co-owner of the Calgary Flames, has died at age 81. September 16, 2018 CNW CALGARY, Sept. 16, 2018 /CNW/ – It is with very heavy hearts that we announce the passing of Company founder and Chairman, Clayton (Clay) H. Riddell. Clay passed away peacefully with his family by his side on Saturday, September … Read more
September 17, 2018 Reuters The Canadian heavy oil differential widened slightly against the West Texas Intermediate (WTI) benchmark on Friday, setting the widest level in nearly five years for the second straight day.* Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, settled at $35.75 a barrel below the WTI benchmark crude … Read more
September 16, 2018 CNW CALGARY, Sept. 16, 2018 /CNW/ – It is with very heavy hearts that we announce the passing of Company founder and Chairman, Clayton (Clay) H. Riddell. Clay passed away peacefully with his family by his side on Saturday, September 15th after a short illness. He was 81. An icon of the Canadian oil patch, Clay was a … Read more
Kinder Morgan Inc has hired investment bank TD Securities to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as C$2.4 billion ($1.8 billion), people familiar with the situation told Reuters this week.The move comes about two weeks after Kinder Morgan closed its sale of the Trans … Read more
September 14, 2018 China’s Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province’s heavily discounted crude.State-owned Sinopec, formally known as China Petroleum & Chemical Corp , along with an Alberta indigenous group, China State Construction Engineering Corp and Alberta management … Read more
Canada’s drilling rig count increased by 22 actively drilling rigs according to data collected by Baker Hughes for the week of September 14th. From one week ago, Alberta rig counts increased 12 to 156 and the Saskatchewan rig counts increased 7 to 48. Oil drilling went up 15 to 148 and gas increased 7 to … Read more
September 14, 2018 Globe Newswire CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce the appointment of Ms. Melanie Litoski as Chief Financial Officer (“CFO”) of the Company. Ms. Litoski is expected to begin her role as CFO on October 1, 2018. Ms. Litoski succeeds … Read more
September 14, 2018 CNW CALGARY, Sept. 14, 2018 /CNW/ – Enhance Energy Inc. (“Enhance” or the “Company”) is pleased to announce the completion of all required arrangements related to the previously announced project development and coordination agreement and long-term service agreement for the construction and operation of the Alberta Carbon Trunk Line (“ACTL”) with Wolf Carbon Solutions Inc. … Read more
September 14, 2018 CNW CALGARY, Sept. 14, 2018 /CNW/ – Hammerhead Resources Inc. (“Hammerhead”, “HHR” or the “Company”), a privately owned oil and gas producer focused on the liquids-rich Montney play in Alberta, is pleased to provide an operational update and announce an equity commitment that will provide financial flexibility to continue HHR’s organic growth program across the Company’s high-quality resource … Read more
Sep 14, 2018 by Jessica Summers and Robert Tuttle (Bloomberg) Crude posted a third weekly advance out of four as Iranian sanctions take center stage, with investors eyeing the impact on supply. Futures in New York closed 1.8 percent higher this week amid signs that looming U.S. sanctions on Iran are whittling global supply levels. … Read more
MONTREAL — A chain gas explosion similar to the one that tore through three Boston suburbs could happen in Canada, although such a possibility is unlikely, energy experts said Friday.
The multiple explosions that caused more than 20 fires and at least…
September 14, 2018 Reuters U.S. energy companies this week added oil rigs for the second time in the last three weeks even as new drilling has largely stalled since June due to pipeline constraints in the country’s biggest oilfield.Drillers added seven oil rigs in the week to Sept. 14, the biggest weekly increase in a month, … Read more
September 14, 2018 Globe Newswire CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) (www.razor-energy.com) is pleased to provide an update on the current normal course issuer bid (the “Current NCIB”) and announces the TSX Venture Exchange (the “TSXV”) has accepted Razor’s notice of intention to commence a new … Read more
September 13, 2018 CNW CALGARY, Sept. 13, 2018 /CNW/ – Cequence Energy Ltd. (TSX: CQE) (“Cequence” or the “Company“) is pleased to announce the successful completion of its previously announced equity rights offering (the “Rights Offering“), which was over-subscribed and raised the maximum available gross proceeds of $8,593,476. Cequence issued a total of 245,527,883 common shares under the Rights … Read more
September 13, 2018 Globe Newswire CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX: PPR) and Marquee Energy Ltd. (“Marquee”) (TSX-V: MQX) are pleased to announce that they have entered into an agreement to effect the acquisition of Marquee (the “Acquisition”) by way of a plan of arrangement (the … Read more
September 13, 2018 Reuters Canada’s Environment Minister Catherine McKenna Canada’s top climate change official on Thursday said she would make no apologies for the nation’s support for its oil producers, saying environmental and economic policies must consider the needs of all Canadians.Prime Minister Justin Trudeau’s government has sought to cast Canada as a global leader in … Read more
September 13, 2018 | Source: Precision Drilling Corporation CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) is pleased to announce the addition of David W. Williams to its Board of Directors. Mr. Williams has over 35 years of experience in the offshore drilling industry having most recently served as Chairman, President and Chief … Read more
September 14, 2018 | Source: Canadian Natural Resources Limited CALGARY, Alberta, Sept. 14, 2018 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that its offer (the “Offer”) to acquire all of the issued and outstanding common shares (the “Laricina Shares”) in the capital of Laricina Energy Ltd. (“Laricina”), as previously described in … Read more
SAN FRANCISCO (Thomson Reuters Foundation) – More than two dozen of the world’s largest cities are no longer increasing their planet-warming greenhouse gas emissions, they announced at a global climate summit in San Francisco. The 27 cities, from New York to London, said they had reached the milestone even as their populations and economies grew. … Read more
MOSCOW (Reuters) – Saudi Arabia, other members of OPEC and Russia are to be admired for trying to prevent a spike in oil prices, U.S. Energy Secretary Rick Perry told reporters after meeting Russian Energy Minister Alexander Novak in Moscow. U.S. sanctions on Iran’s energy industry, which come into force in November, have already cut … Read more
Sep 14, 2018, by Lorcan Roche Kelly (Bloomberg) Storm surge Hurricane-force winds and heavy rain lashed the North Carolina coast as Florence, now in category 1, moved ashore. More than 1,500 flights have been cancelled, factories shut and farmers rushed to save their crops as estimates for damage wreaked by the hurricane range between $10 billion … Read more
By Kevin Ross (Renewable Energy World) In a December 2015 article, David Schatsky and Craig Muraskin of management consultancy Deloitte warned that blockchain technology “is coming to disrupt your industry”. And it seems that in relation to energy, they were right. Taking off from the financial sector, the term has become the latest buzzword for … Read more
CALGARY — TD Bank says Alberta’s battered economy is headed in the right direction, but warns there are still a number of hurdles that could hinder recovery.
A report released Thursday by deputy chief economist Derek Burleton is predicting economic gr…
The world’s supply of oil hit a record last month, yet another sign of oil’s dominance over the energy landscape.
The International Energy Agency said Thursday that the global oil supply reached 100 million barrels a day for the first time ever, boost…
CHICAGO, Sept 13 (Reuters) – Canadian National Railway Co issued an embargo to halt deliveries of ethanol in railcars to Kinder Morgan’s Argo terminal near Chicago, citing congestion and supply accumulation, according to energy traders and a document seen by Reuters on Thursday. A CN spokesperson did not immediately respond to a request for comment. … Read more
VANCOUVER — Dozens of Order of Canada members from British Columbia are urging the federal government to cancel the Trans Mountain pipeline expansion.
Bonnie Sherr Klein, Dorothy Grant, Gabor Mate and Raffi Cavoukian are among 42 members who signed a …
VANCOUVER — Shell Canada Ltd. has given up its offshore exploration rights, clearing the way for the creation of Canada’s first protected marine area under the Canada Wildlife Act.
The company voluntarily released permits for about 50,000 square kilom…
MONTREAL — Passengers aboard a United Airlines flight heading to Zurich from San Francisco on Friday will be propelled in part by a biofuel created by a Quebec company aiming to clean up the skies.
Agrisoma Biosciences Inc. is the firm behind the biof…
CALGARY — A new report by research firm IHS Markit forecasts the intensity of oilsands emissions to improve by between 16 and 23 per cent by 2030.
The report by IHS vice-president Kevin Birn found emissions intensity, which measures how much greenhous…
Natural Gas prices, out of favour for some time, have already bottomed, according to Josef Schachter, author of the Schachter Energy Report. He is surprised by how dramatically undervalued natural gas stocks currently are especially when he sees AECO prices climbing as high as $3.00 by 2020. He explains, “When the price of Natural Gas … Read more
September 13, 2018 | Source: Blackbird Energy Inc. CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) — (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce results from its independent year-end reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”) as at an effective date of July 31, 2018 (the “McDaniel Report”) and provide a brief … Read more
September 13, 2018| Source: InPlay Oil Corp. CALGARY, Alberta, Sept. 13, 2018 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a definitive agreement to sell certain non-core oil and gas properties in the West Pembina area of Alberta for cash consideration of … Read more
Sep 13, 2018 by Grant Smith (Bloomberg) Oil retreated from the highest close in almost two months on signs global markets remain comfortably supplied despite deepening losses in Venezuela and Iran. West Texas Intermediate futures fell as much as 1.9 percent amid speculation the 4.2 percent surge in the past two sessions wasn’t justified. While … Read more
CALGARY — AltaGas Ltd. has announced plans to spin off some of its assets to a new company called AltaGas Canada Inc., while retaining a significant minority equity interest in the business after its initial public offering.
The new firm will hold the…
September 13, 2018 | Source: TransCanada Corporation VANCOUVER, British Columbia, Sept. 13, 2018 (GLOBE NEWSWIRE) — Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) is pleased to announce that its Coastal Gaslink Pipeline Project has signed community and project agreements with all of the elected Indigenous bands along its pipeline route in British Columbia. These agreements, totaling … Read more
Sept 13, 2018, by Amanda Cooper LONDON (Reuters) – World oil consumption will top 100 million barrels per day (bpd) in the next three months, putting upward pressure on prices, although emerging market crises and trade disputes could dent this demand, the International Energy Agency said on Thursday. The Paris-based IEA maintained its forecast of … Read more
Sep 12, 2018, by Stephen Cunningham (Bloomberg) America likely overtook Russia and Saudi Arabia in terms of oil output to become the world’s biggest producer earlier this year, according to the Energy Information Administration. U.S. crude output exceeded that of Saudi Arabia in February for the first time in more than two decades, based on … Read more
By Devika Krishna Kumar NEW YORK, Sept 13 (Reuters) – U.S. shale producers are locking in prices for their production as much as three years into the future in a sign that strong domestic crude pricing is nearing a peak, according to market sources familiar with money flows. U.S. crude prices for 2019 and 2020, … Read more
Sep 13, 2018, by Lorcan Roche Kelly (Bloomberg) One to watch The Bank of England is expected to make no changes to monetary policy when it announces its decision at 7:00 a.m. Eastern Time today. Forty-five minutes later, the European Central Bank is also expected to stand pat when its decision is published, with some tweaks to … Read more
TORONTO — Canada’s main stock market resumed its downward trajectory Wednesday as energy stocks failed to get a lift even though crude oil prices hit nearly a nine-week high.
There was a disconnect as the overall market didn’t benefit from higher comm…
DES MOINES, Iowa — A group of Iowa landowners and an environmental group asked the Iowa Supreme Court Wednesday to declare a crude oil pipeline permit illegal under the Iowa Constitution, a decision that could force the pipeline in operation for more …
Sep 12, 2018 by Grant Smith (Bloomberg) Brent crude traded near a two-month high as shrinking oil inventories pointed to an increasingly tight global market. Futures in London were up 0.5 percent after surging 2.2 percent on Tuesday. Industry data showed U.S. inventories slid 8.64 million barrels last week. The U.S. government cut its outlook … Read more
Pipeline companies lag other network asset operators in adopting the digital innovations that lead to greater autonomous operations. That could change. LARGE ROBOTS I was researching for my upcoming presentation to the Canadian Energy Pipeline Association Foundation on artificial intelligence andmachine learning, when I came across a press announcement about a novel industrial robot. With the inaugural voyage of their new driverless rail operation in Western Australia, Rio Tinto issued a statement laying claim … Read more
Sep 12, 2018 by Elena Mazneva, Dina Khrennikova and Annmarie Hordern (Bloomberg) Russia has the capacity to set a new oil-production record, but won’t decide whether the market needs those additional supplies before a meeting later this month with its OPEC allies. The country could boost output by as much as 300,000 barrels a day … Read more
Sep 11, 2018 by Tatiana Darie (Bloomberg) Canadian stocks have started September on the back foot. The S&P/TSX Composite index bounced back from a three-month low in Toronto Tuesday, rising as much as 0.2 percent, after posting its longest streak of losses since Jan. 2016. The gauge’s 1.1 percent drop last week pushed it into … Read more
NEW YORK (Reuters) – U.S. crude oil production in 2019 is expected to grow at a slower rate than previously forecast, according to a monthly U.S. government forecast on Tuesday. U.S. crude production is expected to rise by 840,000 barrels per day (bpd) to 11.5 million bpd next year, lower than a previous expectation for … Read more
Sep 12, 2018, by Kevin Crowley (Bloomberg) John Sellers and Cody Campbell are holding court one hot August evening in the corner of an oil-themed dive bar in Midland, Texas. After flying in on their private jet, they’re shaking hands, cracking jokes and talking deals with aspiring oilmen, contractors and land traders, almost all in … Read more
Sep 12, 2018, by Lorcan Roche Kelly (Bloomberg) Florence and Mangkhut The National Weather Service is warning of potential “catastrophic flash flooding” when Hurricane Florence, currently more than 575 miles (925 kilometers) from the coast, makes landfall late Thursday or early Friday. Companies from agricultural firm Cargill Inc. to carmaker Daimler AG suspended operations in its path, with insurers likely to be … Read more
VICTORIA — A spill of diluted bitumen puts the survival of young salmon at risk even if the fish end up in clean water following exposure to the oil product, says new research from the University of Guelph.
Researchers said they made the conclusions a…
Sep 11, 2018 by Kelly Gilblom (Bloomberg) Europe’s largest oil companies must roughly double the amount of money they’re now dedicating to “new energies” by the end of the decade to meet key climate targets, according to a report from JPMorgan Chase & Co. that suggests the challenge facing the fossil fuel industry has been … Read more
September 11, 2018 Globe Newswire CALGARY, Alberta, Sept. 11, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) today announces that it has closed the debt refinancing transaction previously announced on July 26, 2018. The transaction immediately extends the maturity of over one-third of the Company’s existing unsecured senior notes due … Read more
Sep 11, 2018 by Sharon Cho (Bloomberg) Oil held near $68 a barrel after four days of losses, as speculation swirled over whether a giant hurricane approaching the U.S. East Coast would disrupt supplies and drive up fuel prices. Futures in New York were little changed after slipping 3.3 percent in the past four sessions. … Read more
Sep 11, 2018 by Robert Tuttle (Bloomberg) — A colossal Canadian oil-sands project may be showing the way forward for an industry many thought would never see new investments. In a forest clearing roughly the size of Cleveland, building-sized trucks dump tons of oily soil into a massive crushing facility, while conveyors move the dirt … Read more
CALGARY, Sept. 11, 2018 /CNW/ Credit Facility Increase Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation”) (TSX: TWM) is pleased to announce that it has amended its existing Credit Facility (the “Amended Credit Facility”) with its banking syndicate of six Canadian Financial Institutions (the “Syndicate”). The amendments provide additional stability to the Corporation’s financial position. Pursuant … Read more
MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Tuesday that the OPEC+ oil group may sign a new long-term cooperation deal at the beginning of December, the TASS news agency reported. OPEC, Russia and other non-OPEC members agreed in June to return to 100 percent compliance with oil output cuts that began in … Read more
September 10, 2018 | Source: Raise Production Inc. CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) — Raise Production Inc. (TSX-V: RPC) (“Raise” or the “Company”) is pleased to announce the addition of Mr. Clint Booth as Vice President of Commercial Development. Mr. Booth has held positions of escalating responsibility at Fortune 500 Companies such as NOV, Shawcor, … Read more
WASHINGTON (Reuters) – U.S. Energy Secretary Rick Perry met with Saudi Energy Minister Khalid al-Falih on Monday in Washington, the U.S. Energy Department said, as the Trump administration encourages big oil-producing countries to keep output high ahead of Washington’s renewed sanctions on Iran’s crude exports. Perry and Falih discussed the state of world oil markets, … Read more
Sep 11, 2018, by Lorcan Roche Kelly (Bloomberg) Florence frightening gale Hurricane Florence is expected to flirt with Category 5 strength as it approaches the U.S. East Coast this week, with landfall expected late Thursday or early Friday somewhere between Charleston, South Carolina and Norfolk, Virginia. With risk modelers suggesting the damage could run to $20 … Read more
OTTAWA (Reuters) – Canadian Foreign Minister Chrystia Freeland will meet U.S. Trade Representative Robert Lighthizer in Washington on Tuesday to discuss talks to renew the NAFTA trade pact, a government official said on Monday. Freeland spokesman Adam Austen did not give details. After more than a year of talks, Canada and the United States are … Read more
by Aaron Wudrick, Federal Director For Prime Minister Justin Trudeau, the Federal Court of Appeal’s recent decision to overturn approval of the Trans Mountain pipeline expansion was a political thunderbolt that instantly derailed progress on one of his government’s most critical files. Luckily for the purveyor of sunny ways, the storm clouds came with a silver lining: … Read more
FORT MCMURRAY, Alta. — Alberta Premier Rachel Notley says the challenges facing the Trans Mountain pipeline expansion shows her province can do everything by the book and still get shortchanged. Notley says the recent Federal Court of Appeal decision quashing the expansion project has provoked frustration and anger in Alberta, but her government will continue to fight to … Read more
September 10, 2018 Globe Newswire CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today provided a model of potential cash flows at various West Texas Intermediate Crude (“WTI”) pricing and updated investors on production as well as oil market access. All amounts are stated in Canadian dollars unless otherwise specified. … Read more
Fort McMurray, Alberta, Canada (September 10, 2018) – The 33rd annual Oil Sands Trade Show & Conference will rally together the oil sands industry on September 11 & 12 at Suncor Community Leisure Centre, MacDonald Island. With the news of the Court ruling out the Trans Mountain Pipeline, the Show will become the rallying point for the industry. “The Oil … Read more
Polvo Powdered Emulsifier is YOUR Solution With the current trend of drilling with Oil Based Mud, there is always a demand for innovative products that can withstand harsh Canadian winters and deliver on performance in the field. Di-Corp has partnered with Gumpro to meet these challenges. With extensive laboratory research and development to create a … Read more
CALGARY — AltaGas Ltd. says it has signed deals to sell about $560 million worth of natural gas midstream assets and power generating assets to two buyers.
Birch Hill Equity Partners Management Inc. has agreed to pay $165 million for a group of smalle…
“Haskayne has made registering for programs and applying for grant funding a seemless process, especially in comparison to other professional development providers.” -Mona Khorassani, Learning & Development Administrator, Secure Energy Services Inc. New Canada Alberta Job Grant Incentives The Canada-Alberta Job Grant (CAJG) is an employer-driven program that helps employers invest in training for their current … Read more
New for 2018, the Oil Sands Trade Show and Conference features a Business Conference on the Main Stage featuring industry and government leaders – each with an interesting perspective on the future of oil sands development. Join us September 11-12 in Fort McMurray. Entrance to the Main Stage is free with your Exhibition Pass. Register for the … Read more
Email Print Friendly Share September 10, 2018 | Source: Parex Resources Inc. CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update, highlighted by the Capachos Block Andina discovery. Capachos (WI Parex 50%, Ecopetrol S.A 50%): … Read more
Sep 9, 2018, by Kelly Gilblom (Bloomberg) Within 20 years, oil use will have long since peaked, renewables and natural gas will account for about half of energy supply and the cost of keeping the lights on will plummet. But that still won’t be enough to meet climate goals, according to a forecast from energy … Read more
Sep 10, 2018, by Lorcan Roche Kelly (Bloomberg) Trump threats President Donald Trump said on Friday he has firepower to impose new tariffs on China “at short notice,” leading former People’s Bank of China Governor Zhou Xiaochuan to warn the impact on domestic economic confidence may be larger than the immediate hit to trade. Shares in China and Hong Kong … Read more
BENGHAZI, Libya — Security forces of Libya’s U.N.-backed government on Monday stormed the headquarters of the country’s national oil company in the capital Tripoli shortly after gunmen had gone into the building, shooting randomly, setting off explosi…
September 10, 2018 Business Wire HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for August 2018 was 1,008, up 11 from the 997 counted in July 2018, and up 56 from the 952 counted in August 2017. The international offshore rig count for August 2018 was … Read more
September 10, 2018 Globe Newswire All Iron Bridge Directors & Officers and Certain Shareholders Commit to Tender 35% of the Total Common Shares Outstanding Velvet Energy and Iron Bridge agree to friendly transaction with unanimous Iron Bridge Board support, wherein Velvet has increased its cash consideration by 13% from $0.75 to $0.845 per Iron Bridge common share … Read more
September 10, 2018 Globe Newswire CALGARY, Alberta, Sept. 10, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to provide an operational update on successful drilling and completion results from its core Princess area. Corporate average daily production based on field estimates is approximately 5,750 boe/d (75% liquids), with … Read more
LONDON (Reuters) – Oil prices rose on Monday as U.S. drilling stalled and investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November. Benchmark Brent crude oil rose $1.09 a barrel, or 1.4 percent, to a high of $77.92 and was trading at $77.50 by 1130 GMT. U.S. light … Read more
Artificial intelligence has found its way into daily life. From Siri and Google Maps, to smart home virtual assistants and cars that parallel-park themselves, AI is available to consumers who want help doing hard things, faster. Considering the popularity and functionality of these inventions, you may be wondering if AI can also help your business … Read more
Canada Sensors Technology (CST) Inc. manufacturers advanced “SMART” Pressure and Liquid Level transmitters that offer HART™ Communication protocol along with many more. These sensors are available in intrinsically safe designs for hazardous locations and also general purpose models for non-hazardous applications. Their intelligent transmitters bring advanced technology to the pressure transmitter and related instrumentation market-place … Read more
CALGARY, Alberta – FOR IMMEDIATE RELEASE — Canadian UAVs (CUAVS), Canada’s leading unmanned aviation solutions provider for enterprise and military applications, is proud to announce that is has complete the first phase of it Transport Canada approved Beyond Visual Line of Sight operations. CUAVS was granted the first permit in Canadian history to conduct such operations outside … Read more
Osprey recently launched a new type of exception-based activity alert. Our goal was to cut down on the false alerts that are common when using motion-based video analytics in outdoor environments. Vehicle and people detection False alerts are a significant industry problem: When too many false alerts are sent, users tend to shut out all … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary You’ve identified a high potential team member to develop. You’ve given them opportunities to perform in the role you want them to take on eventually (e.g. by leading a sales meeting), but you are missing … Read more
CALGARY — Nearly a decade after winning millions of government dollars in support, a project with the seemingly contradictory goals of trapping greenhouse gas and boosting oil output is poised to bring a new dimension to the Alberta oilpatch.
In Augus…
(Reuters) – U.S. energy companies cut oil rigs for the second week in three as the rig count has stagnated over the past three months along with crude prices. Drillers cut two oil rigs in the week to Sept. 7, bringing the total count down to 860, General Electric Co’s Baker Hughes energy services firm … Read more
By Sabina Zawadzki LONDON (Reuters) – Asian spot liquefied natural gas (LNG) prices edged higher this week as Asian demand ahead of the winter persisted and the region’s vulnerability to unpredictable natural events was underscored by the worst power outages in years in Japan due to an earthquake. Spot prices for October LNG-AS delivery in … Read more
EnergyNow is pleased to publish this letter that was recently sent to Justin Trudeau by Deidra Garyk, who works in the Canadian energy industry. If you agree with Deidra please share her letter on your own social media channels. We must keep up our collective voice to make sure the majority of Canadians are heard. … Read more
September 9, 2018 by The Canadian Press VANCOUVER — Some First Nations and Metis communities are determined to purchase an equity stake in the Trans Mountain pipeline expansion despite a court ruling that halted construction and potentially set the project back for years. The Federal Court of Appeal ruling quashed the government’s approval of the … Read more
by Kevin Crowley and Ryan Collins (Bloomberg) The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field. The state’s previous record was $40,001 an acre set in December, according to … Read more
Canada’s drilling rig count decreased by 24 actively drilling rigs according to data collected by Baker Hughes for the week of September 7th. From one week ago, Alberta rig counts decreased 16 to 144 and the Saskatchewan rig counts decreased 7 to 41. Oil drilling went down 18 to 133 and gas decreased 6 to … Read more
Sep 7, 2018 by Alex Longley and Robert Tuttle (Bloomberg) Oil posted the biggest weekly decline since July as a rout in emerging markets raised concerns about weakening energy demand. Futures in New York fell for a third straight session on Friday after a week-long slide in developing markets around the globe. The dollar advanced … Read more
Sep 7, 2018 by Josh Wingrove and Justin Sink (Bloomberg) — U.S.-Canada trade talks look set to drag on as President Donald Trump ratchets up pressure by threatening auto tariffs he says would mean the “ruination” of the Canadian economy. Trump, speaking Friday in North Dakota, said he believes Canada is ripping off the U.S. … Read more
VANCOUVER/WINNIPEG (Reuters) – Cenovus Energy Inc (CVE.TO), a major Canadian oil producer, has signed a deal to move more crude with the Canadian National Railway Co (CNR.TO), a source with direct knowledge of the matter told Reuters. The source said the Cenovus-CN deal was signed days before a Canadian court last week overturned the approval … Read more
September 7, 2018 Globe Newswire CALGARY, Alberta, Sept. 06, 2018 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the successful closing of the previously announced acquisition of the Cenovus Pipestone Partnership (the “Acquisition”) which holds assets in the Pipestone area of Northwest Alberta (“the Acquired Assets”). The Acquisition was … Read more
OTTAWA — The future of resource development across Canada depends on the federal government responding correctly to a court ruling that has stalled the Trans Mountain pipeline expansion, Justin Trudeau said Friday.
The government’s response is about m…
Sep 7, 2018 by Theophilos Argitis (Bloomberg) Canada’s economy unexpectedly lost 51,600 jobs, with Ontario recording its biggest employment drop in almost a decade, casting doubts on the strength of the labor market. The nation’s largest province lost 80,100 jobs in August, all part-time, the biggest decline for Ontario since 2009. Nationally, the economy lost … Read more
Sep 7, 2018, by Javier Blas (Bloomberg) Saudi Arabia has markedly increased oil exports to America, a sign OPEC’s leading producer is responding to pressure from U.S. President Donald Trump to cool down the energy market. While the export boost started earlier this year, it accelerated over the past three months after Trump repeatedly — … Read more
Sep 7, 2018, by Robert Tuttle and Sheela Tobben (Bloomberg) Canadian crude prices are plunging once again as repairs were completed on Alberta’s second-biggest oil sands upgrader and production surged from a new mine. Synthetic crude, a light grade produced in upgraders, fell Thursday to the biggest discount to West Texas Intermediate futures since December … Read more
Sep 7, 2018, by Lorcan Roche Kelly (Bloomberg) Payrolls The consensus is for employers to have added 191,000 new positions in August, pushing the unemployment rate down to 3.8 percent. The data, released at 8:30 a.m. Eastern Time this morning, is also expected to show average hourly earnings holding steady at 2.7 percent. There were mixed … Read more
September 6, 2018 by The Canadian Press CALGARY — Alberta Premier Rachel Notley says the federal government has promised a fast-track timeline to resume construction on the stalled Trans Mountain pipeline expansion project. “The prime minister pledged to me that a clear and reliable timeline to resume construction will be established within weeks, not months,” Notley told reporters … Read more
OTTAWA — “The Liberals are failing Canadians by destroying investment confidence in the energy sector in Canada… The reality is this: that under the Liberals more energy investment has been lost than any other time frame in 70 years, $100 billion of e…
OTTAWA — Rerouting the pipeline expansion to avoid a First Nation’s aquifer and ensuring another First Nation will always be immediately notified of a pipeline spill are among the steps Ottawa could take to address Indigenous concerns about the Trans …
CALGARY — Surge Energy Inc. has signed a deal to acquire Mount Bastion Oil and Gas Corp. for $320 million in cash and stock.
Mount Bastion shareholders may choose between cash, Surge shares or a combination of both, with a limit of $145 million cash a…
September 5, 2018 CNW CALGARY, Sept. 5, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) and Mount Bastion Oil and Gas Corp. (“Mount Bastion” or “MBOG”) have announced that they have entered into an arrangement agreement (the “Arrangement Agreement”), pursuant to which Surge has agreed to acquire all of the issued and outstanding common … Read more
Sep 6, 2018 by Tsuyoshi Inajima and Ellen Milligan (Bloomberg) Oil traded near $69 a barrel as an industry report showed U.S. crude inventories declined last week, ahead of government data due later. Futures in New York erased Wednesday’s losses reaching as high as $68.95 a barrel. The American Petroleum Institute was said to report … Read more
Sep 5, 2018, by Rachel Adams-Heard (Bloomberg) Kinder Morgan Inc. hinted at a potential offloading of its remaining Canadian assets following the sale of the contentious Trans Mountain pipeline expansion to the federal government. Speaking at an energy conference Wednesday, Kinder Morgan Chief Executive Officer Steve Kean said that while its Canadian affiliate has “attractive … Read more
Sep 6, 2018, by Lorcan Roche Kelly (Bloomberg) Bear with us The MSCI Emerging Markets Index retreated for a seventh day, bringing its drop since a peak in January to near 20 percent. Should it reach that level at the New York close, it will place the gauge in a bear market. JPMorgan Chase & Co. and BlackRock Inc. … Read more
TÜV (Rheinland) F.S. Eng. Certification Safety Instrumented Systems September 17-21, 2018 Calgary, AB Facilities where SIS are properly justified, designed, installed, maintained and operated are functionally safer for personnel, the environment, assets, and have increased uptime. Based on the IEC 61511:2017, the TUV (Rheinland) Safety Instrumented Systems course outlines the basics for correctly implementing … Read more
TORONTO — Walmart Canada is buying more Tesla semi trucks as it aims to reduce its carbon footprint by having its entire fleet powered by alternative energy by 2028.
The Canadian subsidiary of the U.S.-based retail giant says it will acquire 30 of the…
September 5, 2018 Reuters Comments The Canadian government might appeal a court ruling that overturned federal approval of the Trans Mountain oil pipeline expansion, Prime Minister Justin Trudeau said on Wednesday.Trudeau told reporters in Edmonton that Ottawa was looking at its legislative and other options after the Federal Court of Appeal last month said the government had … Read more
September 5, 2018 The Canadian Press OTTAWA – The federal Liberals are refusing to let two ministers overseeing the Trans Mountain pipeline appear before a committee of MPs to explain what’s next for the expansion project whose future is uncertain. Liberal MPs on the natural resources committee used their majority to quash a Conservative motion that called for six special … Read more
September 5, 2018 Reuters Suncor CEO Steve Williams Suncor Energy Inc , one of Canada’s biggest oil producers, will not sanction further expansions of crude production until it becomes clearer when new pipelines will be ready, Chief Executive Steve Williams said on Wednesday. A court overturned last week the Canadian government’s approval of the Trans … Read more
BERLIN — A German court has ruled that Frankfurt must ban high-polluting diesel vehicles in order to improve the city’s air quality.
The dpa news agency reported Wednesday the Wiesbaden administrative court ruled on a complaint filed by the environmen…
Alimentation Couche-Tard Inc. posted strong earnings and revenue growth from acquisitions in the first quarter of its fiscal year, even though a gap in the switch to the PC Optimum loyalty program from Aeroplan hurt sales at its Esso branded convenien…
CBC News · Posted: Sep 05, 2018 Hours ahead of her meeting with Prime Minister Justin Trudeau, Alberta Premier Rachel Notley said officials in her government have developed strategies to restart construction on the Trans Mountain pipeline expansion while still respecting last week’s court ruling that put the project on hold. Earlier Wednesday, Trudeau told an Edmonton … Read more
WASHINGTON/OTTAWA (Reuters) – Canada heads into talks in Washington on Wednesday to renew NAFTA determined not to back down on key issues despite threats from U.S. President Donald Trump to retaliate against the Canadian economy unless Ottawa gives ground quickly. Trump, fresh from wrapping up a side deal last week with Mexico, the third member … Read more
DUBAI/LONDON (Reuters) – Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximizing revenue and keeping a lid on prices until U.S. congressional elections, OPEC and industry sources said. After announcing the flotation of Saudi Aramco in 2016, the kingdom … Read more
Sep 5, 2018, by Lorcan Roche Kelly (Bloomberg) Sell off Most emerging-market currencies were weakening again this morning, with South Africa’s rand and Indonesia’s rupiah getting hit the hardest. The benchmark Jakarta Composite Index closed 3.8 percent lower, as an emergency rate hike to shore up the currency is seen as increasingly likely by some analysts. … Read more
Capstone Oilfield Services Ltd. (Capstone) is pleased to announce the addition of Mr. David Blanchet to its executive team. Based in Calgary, Alberta, David is joining the company to fill the role of Vice President, Sales & Marketing. Prior to Capstone, David spent 21 years in oilfield services working for companies including Canadian Sub Surface, Schlumberger, Smith … Read more
September 04, 2018 | Source: Kelt Exploration Ltd CALGARY, Alberta, Sept. 04, 2018 (GLOBE NEWSWIRE) — Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) is providing details relating to its capital expenditure plans for the second half of 2018. The Company has elected to redirect capital to several projects previously planned for 2019. This capital will become available … Read more
September 05, 2018 | Source: Crescent Point Energy Corp. CALGARY, Alberta, Sept. 05, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) and the Board of Directors (the “Board”) are pleased to announce the appointment of Craig Bryksa as President and Chief Executive Officer (“CEO”), the adoption of a … Read more
CALGARY — Crescent Point Energy Corp. says it plans to reduce its workforce by 17 per cent, sell some infrastructure assets and reduce its debt by more than $1 billion by the end of 2019.
The Calgary-based company says the workforce reduction will low…
EDMONTON — Prime Minister Justin Trudeau will be in Edmonton today, where he’ll face questions about his government’s plans for the beleaguered Trans Mountain pipeline expansion.
The prime minister’s office says Trudeau will meet with Premier Rachel N…
September 4, 2018 Business Wire Letter to Shareholders Lays Out Continued Failures of Governance, Leadership and Accountability at Company Cation Calls for Board Chair Bannister to Resign or be Replaced, and for Urgent Search and Appointment of Experienced, External CEO Cation Will Host Town Hall Conference Call for all Crescent Point Shareholders to Express Concerns and … Read more
September 4, 2018 CNW CALGARY, Sept. 4, 2018 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Company”) is pleased to announce the appointment of Chi-Tak Yee, currently Senior Vice President, Operations, Resource & Technology Development, to the position of Chief Operating Officer (COO). Mr. Yee joined MEG in 2004, and has been instrumental in the Company’s technical leadership … Read more
Business Wire Announces Intention to Vote its Shares in Support of KML Board Proposals HOUSTON–(BUSINESS WIRE)–$KMI #KinderMorgan–Kinder Morgan, Inc., (NYSE: KMI) today announced its intention to vote in favor of the Kinder Morgan Canada Limited (TSX: KML) board’s proposals that will facilitate the distribution of approximately $2.0 billion of Trans Mountain net sale proceeds as a … Read more
BILLINGS, Mont. — Civil liberties advocates sued the U.S. government Tuesday, alleging law enforcement agencies have been making preparations to crack down on anticipated protests over the Keystone XL oil pipeline.
Attorneys for the American Civil Lib…
Calgary, Alberta- September 4, 2018− geoLOGIC systems ltd., Canada’s leading oil & gas information provider, is pleased to announce a new joint-initiative with California-based predictive analytics leader BetaZi LLC. geoLOGIC basinINTEL, powered by BetaZi™, combines geoLOGIC’s premium data with BetaZi’s unique physiostatistical algorithm to deliver accurate, pre-computed probabilistic production forecasts for every well in Western … Read more
CALGARY — Research suggests Canadian oil is among the world’s most carbon-heavy, but Canada’s industry also has rules that if adopted worldwide could make a big dent in global greenhouse gas emissions.
Joule Bergerson of the University of Calgary said…
September 4, 2018 Globe Newswire CALGARY, Alberta, Sept. 04, 2018 (GLOBE NEWSWIRE) — Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) is providing details relating to its capital expenditure plans for the second half of 2018. The Company has elected to redirect capital to several projects previously planned for 2019. This capital will become available as a … Read more
September 4, 2018 CALGARY, Sept. 4, 2018 /CNW/ – MEG Energy Corp. (TSX:MEG) (“MEG” or the “Company”) releases letter from Derek Evans, President and CEO, to MEG Energy Shareholders. Dear Shareholder: As the new President and CEO of MEG Energy, I am writing to you today to share my enthusiasm for your company, and where … Read more
Sep 4, 2018 by Ellen Milligan and Tsuyoshi Inajima (Bloomberg) Oil traded near $71 a barrel in New York as Tropical Storm Gordon forces evacuations at fields along the U.S. Gulf Coast and threatens supply. Futures rose as much as 2.3 percent from Friday, skipping Monday because of the U.S. Labor Day holiday. Anadarko Petroleum … Read more
Sep 4, 2018, by Lorcan Roche Kelly (Bloomberg) Oh, Canada President Donald Trump was vocal in his criticism of Canada over the Labor Day weekend as he threatened to push ahead with a new trade deal with Mexico, leaving the U.S.’s northern neighbor out. The problem Trump faces is that he needs congressional support for his stance, … Read more
The future of NAFTA is still uncertain, and with the imposition of new U.S. “safeguard” tariffs and Canada’s surtax countermeasures, the issue of customs duties and tariffs is at the top of corporate tax and supply chain planning agendas. BDO Canada’s leading customs and international trade expert Charmaine Goddeeris, and special guest speaker Damon V. … Read more
The trade off The newest, most efficient methods of oil and gas extraction require more water than conventional drilling. Fracking for oil and shale gas, along with SAGD to recover bitumen, have allowed operators to access challenging deposits while reducing their surface footprint. The gains in yield and sustainability come at the cost of another … Read more
Join us for a complimentary breakfast information sessions on Business Essentials, Haskayne Executive Education’s most popular and powerful program for executive development. Breakfast Information Session: Date: September 12, 2018 Time: 7:30 a.m. to 9:30 a.m.* Location: University of Calgary Downtown Campus, 906 – 8th Avenue SW, 6th Floor, Room 636 Register Learn how differentiating your skills can … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary There’s a lot of freedom in a sales funnel that’s full at the top and tapers (not bloats) downward. When your organization’s funnel looks more like a pencil your salespeople will feel pressure … Read more
OTTAWA — Federal MPs on the natural resources committee will meet this afternoon for an emergency session to discuss last week’s game-changing court decision to tear up federal approval of the Trans Mountain pipeline expansion project.
The meeting com…
CALGARY — Rising oil prices that encouraged more spending by small and intermediate oil and gas companies in Western Canada in the first six months of 2018 are expected to lead drilling budgets to grow even further this fall.
Producers say last week’s…
by The Canadian Press Workers and companies who were set to be employed on the Trans Mountain pipeline expansion have been left wondering where they stand as construction on the project begins to shut down. Ryan Bruce, director of government and public relations for the union CLAC, said some of the workers were sent home after … Read more
WINNIPEG, Manitoba (Reuters) – With one surprise court ruling last week, Minister Justin Trudeau faces the risk of contesting next year’s election with key pieces of his economic and environmental plans in ruins. The Federal Court of Appeal overturned on Thursday the Liberal government’s 2016 approval to expand Trans Mountain, a critical pipeline to link … Read more
Sep 3, 2018, by Ellen Milligan (Bloomberg) Discounts, bartering and smuggling are among the tactics Iran may lean on to keep almost 800,000 barrels a day of its oil exports flowing after U.S. sanctions resume in November. Iran’s Oil Minister Bijan Namdar Zanganeh alluded to this toolbox, which was used in the past, when he … Read more
STOCKHOLM/PARIS (Reuters) – Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s (TSLA.O) dominance of the fast-growing market for premium battery cars. Daimler-owned (DAIGn.DE) Mercedes, BMW (BMWG.DE) and Volkswagen’s (VOWG_p.DE) Audi and Porsche divisions are all gunning for the $52 billion Californian upstart, with … Read more
(Reuters) – U.S. energy companies added oil rigs for the first time in three weeks, energy services firm Baker Hughes reported on Friday, while the rig count inched up this month as drilling steadied over the last three months. Drillers added two oil rigs in the week to Aug. 31, bringing the total count to 862, … Read more
Canada’s drilling rig count decreased by 1 actively drilling rigs according to data collected by Baker Hughes for the week of August 31st. From one week ago, Alberta rig counts increased 1 to 160 and the Saskatchewan rig counts decreased 1 to 48. Oil drilling went down 2 to 151 and gas increased 1 to … Read more
September 1 , 2018 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 precedent adds further clarity to what it means to meaningfully engage. Thursday’s ruling found the … Read more
Aug 31, 2018 by Josh Wingrove and Greg Quinn (Bloomberg) This has not been a good week for Justin Trudeau. It began with a surprise U.S.-Mexico trade pact that excluded Canada from a Nafta rewrite, sending the prime minister’s negotiating team scrambling to strike a deal ahead of the Trump administration’s deadline. Then a key … Read more
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COMMENTARY: Here’s How to Help Secure Canada’s Energy Sovereignty – Fraser Institute