CALGARY — Suncor Energy Inc. is reporting third-quarter operating income of $1.56 billion, an 80 per cent increase over $867 million in the same period of 2017.
The earnings amount to 96 cents per share, in line with analyst expectations of 95 cents a…
OTTAWA — The federal government has lost in a bid to go behind closed doors in a prominent court case about allegations of spying on anti-pipeline activists.
In a ruling Wednesday, Federal Court Justice Robert Barnes sided with the British Columbia Ci…
October 31, 2018 Globe Newswire CALGARY, Alberta, Oct. 31, 2018 (GLOBE NEWSWIRE) — Pieridae Energy Limited (PEA-TSXV)welcomes the decision of the Nova Scotia Utility and Review Board to issue the permit to construct the Goldboro LNG Facility. Pieridae will now proceed diligently to satisfy each of the associated conditions of that permit and to commence the construction … Read more
CALGARY — The National Energy Board says renewable sources of electricity in Canada will grow over the next 20 years but so will Canadian oil and natural gas production.
In a new report, the national regulator says Canadians will learn to use less ene…
KAMLOOPS, B.C. — Alberta Premier Rachel Notley says it’s “just dumb” that the Canadian economy is losing millions of dollars a day because the province can’t get its oil to world markets.
Notley took her message on the importance of the Trans Mountain…
October 30, 2018 18:00 ET | Source: Blackbird Energy Inc NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS CALGARY, Alberta, Oct. 30, 2018 (GLOBE NEWSWIRE) — Blackbird Energy Inc. (“Blackbird”) (TSX-V: BBI) and Pipestone Oil Corp. … Read more
October 31, 2018 06:00 ET | Source: Cenovus Energy Inc Cenovus SAGD project View of a Cenovus steam-assisted gravity drainage oil sands project in northern Alberta. Cenovus’s Foster Creek project in northern Alberta Steam generators at Cenovus’s Foster Creek project in northern Alberta. Cenovus Energy Inc. Wolf Lake natural gas plant Cenovus’s Wolf Lake Natural Gas Plant in … Read more
SEATTLE/ORLANDO, Fla. (Reuters) – SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth. Within hours of landing, Musk had fired at least seven members of the program’s senior management team at the Redmond, Washington, office, the … Read more
Oct 31, 2018, by Heesu Lee and Grant Smith (Bloomberg) Oil’s set for its biggest monthly drop since 2016 as a looming slowdown in the global economy haunts the market while U.S. inventories grow and producers relay mixed signals. Futures in New York are poised for a drop of more than 9 percent in October, … Read more
Oct 31, 2018, by Lorcan Roche Kelly (Bloomberg) Red October The rebound that began in U.S. markets yesterday has spread through Asia into European markets. Overnight the MSCI Asia Pacific Index gained 1.6 percent while Japan’s Topix index closed 2.2 percent higher as the Bank of Japan maintained its easy-money policy. In Europe the Stoxx 600 … Read more
Oct 30, 2018, by Liam Denning (Bloomberg Opinion) If the past week or so is any guide, then E&P companies had best know one thing: Investors aren’t playing. Consider Denbury Resources Inc. The specialist in enhanced oil recovery this past weekend announced a cash-and-stock offer for Penn Virginia Corp., which operates in the Eagle Ford … Read more
LONDON (Reuters) – U.S. sanctions against Iran will have “severe consequences” for the world order, the Islamic republic said on Tuesday, days before new sanctions on Tehran’s oil exports take effect. Washington reintroduced sanctions against Iran’s currency trade, metals and auto sectors in August after it pulled out of a multinational 2015 deal that lifted … Read more
Oct 31, 2018, by Robert Tuttle (Bloomberg) The highways of Saskatchewan show just how desperate Canadian oil producers are to get their crude to market. Tanker trucks laden with oil are journeying almost 500 miles to pipeline and rail terminals. It’s a phenomenon that Ken Boettcher, president of Three Star Trucking Ltd. in Alida, Saskatchewan, … Read more
CALGARY — Cenovus Energy Inc. reported a loss of $241 million in its latest quarter as the company continued to focus on reducing debt.
The oil sands company says the loss amounted to 20 cents per share for the quarter ended Sept. 30 compared with a l…
Built for leaders, this two day program will provide detailed insight into blockchain and the significant opportunities and risks for your business. As competition grows, margins decrease and our reliance on technology grows greater every day, learning how to perform correct assessments and choosing the most profitable technology projects becomes critical to any business. Blockchain … Read more
(Reuters) – The U.S. oil industry has spent a record $30 million to fight a ballot measure in Washington state that would create the nation’s first carbon tax, double what an alliance of green groups and billionaire activists has spent to support it, according to state data reviewed by Reuters. The big-ticket battle reflects the … Read more
CALGARY — A Manitoba senator says a proposal by Alberta’s United Conservatives to pick up the legal tabs of pro-pipeline First Nations is an example of age-old “divide-and-conquer” tactics.
Leader Jason Kenney touted the proposed legal fund in a Calga…
by Maureen McCall Dennis McConaghy, “ ex TransCanada executive , now author and commentator on energy and carbon issues in Canada thinks that the biggest frustration facing Alberta Oil and Gas in a year of big frustrations is that … “As a country we can’t actually have projects approved in regulatory process, have them sustained … Read more
REGINA — The Saskatchewan government has introduced its own climate change law as its feud with Ottawa over a carbon tax continues to play out in the courts.
The bill, which amends current climate legislation, lays the groundwork for standards to redu…
Oct 30, 2018 by Jessica Summers and Samuel Robinson (Bloomberg) Oil slid to a two-month low as escalating U.S.-China trade tensions threatened global growth at a time when American crude inventories are swelling. Futures declined 1.3 percent in New York on Tuesday. The U.S. is preparing another round of tariffs on Chinese imports if talks … Read more
October 30, 2018 CNW CALGARY, Oct. 30, 2018 /CNW/ – Jupiter Resources Inc. and its affiliates (collectively, “Jupiter” or the “Company”) has reached an agreement with holders of approximately 85% of the Company’s US$1.1 billion8.5% senior unsecured notes due October 1, 2022 (the “Senior Notes”) to effect a recapitalization transaction (the “Recapitalization Transaction”). The Company believes the Recapitalization Transaction is necessary to … Read more
October 30, 2018 CNW Highlights (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Delivered $226 million in Normalized EBITDA1 and Advancing Midstream Business Closed the $9 billion acquisition of WGL Holdings, Inc. (WGL), creating a North American leader in the clean energy economy Strengthened Northeast B.C. Gas franchise by connecting Montney producers to Asian energy exports Recorded third quarter 2018 … Read more
CALGARY — Investor distaste for buying equity means AltaGas Ltd.’s best option to fund future growth is selling assets, its founder and acting co-CEO said Tuesday.
The Calgary-based gas and power company announced it will sell assets to raise between …
CALGARY — A Canadian company best known for its Alberta pipeline and petrochemical businesses has struck a $354-million deal to buy European storage terminals from Texas-based NuStar Energy, L.P.
Calgary-based Inter Pipeline Ltd. says the deal will ad…
SINGAPORE (Reuters) – High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency (IEA) said on Tuesday. Major emerging Asian economies such as India and Indonesia have been hit hard this year by rising crude oil prices, which despite declining this month are … Read more
October 30, 2018 CNW CALGARY, Oct. 30, 2018 /CNW/ – Regulatory approval for TransAlta intra-Alberta pipeline Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) announces today that it received approval from the Alberta Energy Regulator to construct and operate the previously announced 120 km natural gas pipeline connecting Tidewater’s Brazeau River Complex to TransAlta Corporation’s (“TransAlta“) generating units … Read more
October 30, 2018 Reuters The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds.The United States is positioning itself as the dominant provider of the supercooled fuel as Asian … Read more
SINGAPORE (Reuters) – The United States will become a key source of energy supplies to meet growing demand globally, with innovation in technology and financing set to boost U.S. oil and gas production in the next decade, the country’s top energy diplomat said. “In the next 5-10 years, we expect to see improved recovery rates … Read more
Oct 30, 2018, by Heesu Lee and Grant Smith (Bloomberg) Oil slipped on concern that an escalating trade dispute between the U.S. and China will dampen global growth at a time when American crude inventories are growing. Futures slid 0.5 percent to trade below $67 a barrel in New York, after a decline of 0.8 … Read more
By John Kemp LONDON (Reuters) – Hedge fund managers continued to liquidate former bullish positions in oil last week and for the first time in more than a year clear signs of fresh short-selling emerged. Rising oil production from Saudi Arabia, the United Arab Emirates, Kuwait and Russia has eased concerns about the availability of … Read more
Oct 30, 2018, by Lorcan Roche Kelly (Bloomberg) Great deal, but… The U.S. is preparing to announce tariffs on all remaining imports from China by early December, should talks next month between President Donald Trump and Xi Jinping fail to deliver on trade, according to three people familiar with the matter. Trump said late yesterday he … Read more
Oct 29, 2018, by Liam Denning (Bloomberg Opinion) Despite efforts by the Trump administration to turn it, a supertanker is bearing down on drivers, oil majors, and even Amazon.com Inc. We are 14 months away from a shake-up in the global oil market lacking the drama of, say, Iranian sanctions. It involves a UN-mandated crackdown on air … Read more
Oct 30, 2018, by Meghan L. O’Sullivan (Bloomberg Opinion) Americans are not the only ones still unpacking the new USMCA trade deal that is due to replace Nafta. Two issues have received a great deal of attention in Canada — one which is misunderstood as a great concession by Canada and the other wrongly celebrated … Read more
EDMONTON — Alberta’s politicians returned to the legislature Monday and picked up right where they left off in the spring by bashing each other over pipelines.
Opposition United Conservative Leader Jason Kenney accused Premier Rachel Notley’s governme…
CALGARY — Steep oil price discounts costing Alberta producers and the provincial government millions of dollars each day in lost revenue could be eased if the industry is given a temporary royalty holiday in return for producing less, according to a bank analyst. In a report Monday, Royal Bank analyst Greg Pardy said Alberta oil … Read more
October 29, 2018 The Canadian Press CALGARY – The National Energy Board says crude-by-rail exports from Canada rose to a record 229,544 barrels per day in August. That’s up more than 11 per cent from 206,624 bpd in July and 91 per cent from just under 120,000 bpd in August 2017. Pipeline export constraints are being … Read more
October 29, 2018 16:01 ET | Source: PrairieSky Royalty Ltd. CALGARY, Alberta, Oct. 29, 2018 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2018. PRESIDENT’S MESSAGE Third Quarter 2018 Highlights: Total revenues of $78.1 million comprised of … Read more
New research is digging in to why fracking causes earthquakes in some areas but not in others.
A paper published Monday in Geophysical Research Letters suggests the likelihood of an artificial earthquake is heavily influenced by how stable the ground …
CALGARY — Steep oil price discounts costing Alberta producers and the provincial government millions of dollars each day in lost revenue could be eased if the industry is given a temporary royalty holiday in return for producing less, according to a b…
October 29, 2018 Globe Newswire CALGARY, Alberta, Oct. 29, 2018 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae”) (PEA – TSXV) is pleased to announce that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German … Read more
October 29, 2018 08:19 ET | Source: Critical Control Energy Services Corp. CALGARY, Alberta, Oct. 29, 2018 (GLOBE NEWSWIRE) — Critical Control Energy Services Corp. (TSX: CCZ) (“Critical Control”) announces that it has executed definitive loan agreements with Invico Diversified Income Limited Partnership, a funding vehicle managed by Invico Capital Corporation, for new senior secured financing (the “New … Read more
By Amanda Cooper LONDON (Reuters) – Oil prices fell on Monday, as concern over the global economy put crude on track for its biggest monthly fall since mid-2016. Brent crude oil futures LCOc1 were down 34 cents at $77.28 a barrel at 1005 GMT, while U.S. crude futures CLc1 fell by 30 cents to $67.29. … Read more
Oct 28, 2018, by Jessica Summers (Bloomberg) Saudi Arabia is scaring hedge funds. Money managers slashed bets on rising West Texas Intermediate crude prices to the lowest in more than a year, with total positioning on the U.S. benchmark down to a level last seen in 2015. While Saudi Energy Minister Khalid Al-Falih said OPEC … Read more
Oct 29, 2018, by Lorcan Roche Kelly (Bloomberg) Right turn Jair Bolsonaro received a call from President Donald Trump to congratulate him on his victory in yesterday’s Brazilian presidential election. Bolsonaro, a former army captain, who campaigned on a right-wing platform of privatizations, liberal gun laws and security won more than 55 percent of second … Read more
ISTANBUL (Reuters) – Russian Energy Minister Alexander Novak said on Saturday there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be facing a deficit. OPEC and its partners led by Saudi Arabia and non-OPEC member Russia agreed in June to … Read more
DUBAI (Reuters) – Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to stop the country’s key crude exports, the oil ministry’s news website SHANA reported. Crude oil trade is state-controlled in Iran. Earlier, private … Read more
Energy Efficiency Alberta is making it easier for small and medium oil and gas companies to reduce methane emissions. Henri Tessier of Calscan Solutions gives Minister Phillips, Steve MacDonald, and Jackson Hegland a tour of his business’ workshop. The new Methane Emissions Reduction Program will help oil and gas facilities identify, reduce, improve or eliminate … Read more
When you decide to use prepaid cards for your incentive and loyalty programs, what you get for your money is more than just the plastic product. Prepaid cards are typically integrated with a number of financial instruments and tracking tools. Such features aren’t just “bells and whistles.” They’re developed specifically to help solve business problems—HR … Read more
Despite multiple studies and articles including this one from the Harvard Business Review that show high performing sales teams use a structured sales process the biggest push back, I get from salespeople and sales leaders is, “every situation is different.” What that excuse really means is “I don’t want to be accountable to following a repeatable process.” Totally … Read more
Find out the well production forecasts of operators in Western Canada using basinINTEL. This data-driven software, which is powered by BetaZi, computes a million samples per well to account for all possible scenarios, resulting in extremely accurate forecasts that are back-tested and statistically verified. With its unique features, it allows you to quickly filter by … Read more
Acheson, AB – Frac Shack has appointed Michael Ross to Chairman of the Board, replacing outgoing Chairman, Maury Van Vliet. Frac Shack would like to thank Mr. Van Vliet for his service and guidance as Chairman through 5 years of extremely successful growth and look forward to him remaining on as a Board Member. Mr. … Read more
CALGARY — The CEO of the Royal Bank says the oil and gas sector is poised to deliver billions of dollars in new revenue to Canadian governments over the next decade by meeting growing global energy demand but it can’t do it without urgently needed sup…
By Rebecca Gotto In the 21st century, the computed tomography (CT) scanner has become a mainstay for diagnosing medical diseases. It can see what’s going on inside a person without invasive testing or surgery. But did you know this same technology is also used in the oil and gas industry to better understand reservoirs, optimize oil … Read more
EDMONTON — Alberta Premier Rachel Notley has made it official, telling party members she will run in the spring election, seeking a renewed mandate for her NDP government.
Notley says her government will stand on its record of transformative changes t…
One of the oldest ideas in industrial automation is to hook up some device to a computer system to keep an eye on it remotely. What happens when we scale this idea up? ABOUT Geoffrey Cann is a former senior partner of one of the big 4 consulting firms. He has a deep passion for the impacts that digital technology and innovation are having on oil … Read more
The business of our industry is changing rapidly—political, economic, environmental, and technological factors have presented heavy oil with many unique challenges. As experts and industry leaders, it’s our moment to understand the gravity of these many challenges and meet them head-on. Let’s build important bridges, understand what change really means, and move the conversation … Read more
Oct 26, 2018 by Samuel Robinson (Bloomberg) Oil tumbled for a third straight week as crumbling equity markets across the globe stoked concern about a slowdown in energy demand growth Friday’s 0.4 percent gain New York-traded futures wasn’t enough to halt a 2.2 percent decline for the week. Eight of every 10 stocks in the … Read more
VICTORIA — The National Energy Board has issued new safety orders for a pipeline explosion site in north-central British Columbia to strictly monitor natural gas flows to protect people and the environment.
The federal regulator said in a statement Fr…
CALGARY — The federal Opposition leader is likening the stalled Trans Mountain pipeline expansion to a famous Monty Python sketch in which two men argue over whether a parrot is actually dead.
“(Prime Minister) Justin Trudeau has bought a pipeline wit…
October 26, 2018 U.S. energy firms added oil rigs for a third week in a row for the first time since June, keeping the rig count at its highest in over three years, as declining productivity in some shale fields force companies to drill more to keep output growing. Drillers added two oil rigs in … Read more
October 26, 2018 Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows. The situation reflects an unusual set of events, including urgent needs by Venezuela and Mexico for cash … Read more
Canada’s drilling rig count increased by 9 actively drilling rigs according to data collected by Baker Hughes for the week of October 26th. From one week ago, Alberta rig counts increased 9 to 141 and the Saskatchewan rig counts decreased 2 to 38. Oil drilling increased 1 to 124 and gas drilling increased 8 to … Read more
October 25, 2018 CNW CALGARY, Oct. 25, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce that it has successfully completed the previously announced acquisition (the “Acquisition”) of Mount Bastion Oil & Gas Corp. (“MBOG”) pursuant to an arrangement (the “Arrangement”) under the provisions of the Business Corporations Act (Alberta). SPECIAL MEETING RESULTS; GREATER … Read more
LONDON (Reuters) – The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels with a lower sulfur content from the start of 2020. That has prompted warnings from some analysts that the regulations will squeeze the availability of low-sulfur diesel … Read more
LONDON (Reuters) – Oil prices dropped more than 1 percent on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand. Brent crude oil LCOc1 fell $1.12 to a low of $75.77 per barrel and was … Read more
Oct 26, 2018, by Lorcan Roche Kelly (Bloomberg) Falling Yesterday’s higher close for the S&P 500 Index – the first in seven days – may prove short-lived as global equities come under pressure again this morning. Overnight, the MSCI Asia Pacific Index slipped 0.4 percent while Japan’s Topix index closed 0.3 percent lower as both measures clock up their worst weeks … Read more
Oct 25, 2018, by Mikael Holter and Alex Nussbaum (Bloomberg) Forget “Drill, baby, drill!” The world’s biggest oil companies aren’t returning to their spendthrift ways, despite crude’s recovery. Equinor ASA and ConocoPhillips kicked off the earnings season for the energy majors on Thursday with an emphasis on restraint despite reporting their highest profits in four … Read more
A lawsuit filed this week in a U.S. court says ExxonMobil has dramatically underestimated the risks its oilsands assets face from efforts to reduce carbon emissions.
The lawsuit, filed after a three-year investigation by the New York attorney general’…
Oct 25, 2018 by Kevin Orland (Bloomberg) Husky Energy Inc. Chief Executive Officer Rob Peabody is downplaying the possibility that a rival suitor will step in to challenge its C$3 billion ($2.3 billion) bid for MEG Energy Corp. “We’re pretty unique in the way we can add value through the transaction,” Peabody said on Husky’s … Read more
Oct 25, 2018 by Javier Blas (Bloomberg) OPEC signaled it could cut output in 2019 due to concerns about rising oil inventories and economic uncertainty, lurching away from a pledge made just days ago to pump flat out. The cartel’s vacillations came as the sizable crude-price gains of September vanished in an October rout. If … Read more
October 25, 2018 Globe Newswire CALGARY, Alberta, Oct. 25, 2018 (GLOBE NEWSWIRE) — Point Loma Resources Ltd. (TSX-V: PLX) (“Point Loma” or the “Company“) is pleased to announce the closing of its previously announced short form prospectus marketed financing of: (i) 5,954,300 units of the Company (the “Units“); and (ii) 4,356,059 common shares of the Company … Read more
CALGARY — International oil and gas producer Vermilion Energy Inc. is increasing its exposure to the U.S., announcing a $186-million acquisition of assets in the Powder River Basin in Wyoming near its existing operations.
It says the purchase includes…
CALGARY — Strong demand in U.S. drilling markets helped Precision Drilling Corp. post third-quarter revenue gains on Thursday despite a much slower recovery in Canadian activity.
Drilling rig utilization days in the quarter compared with a year ago in…
CALGARY — The new management team at Crescent Point Energy Corp. is focused on identifying assets for sale and boosting operating efficiency after laying off about 230 employees and full-time contractors last month.
CEO Craig Bryksa, who replaced long…
(The opinions expressed here are those of the author, a columnist for Reuters.) * GRAPHIC: Iran’s seaborne crude exports: tmsnrt.rs/2Osb61V By Clyde Russell LAUNCESTON, Australia, Oct 25 (Reuters) – The crude oil market is still uncertain over the likely impact of the renewed U.S. sanctions against Iran, but two things seem to be becoming clearer: … Read more
Have you heard some of the good stuff that’s happening in the world of drilling in the WCSB? Likely not. Many of us in the industry scan headlines and keep up as best we can, relying on word of mouth or glances at elevator news screens to give us the news. But while much of … Read more
Oct 25, 2018, by Alex Longley and Tsuyoshi Inajima (Bloomberg) Oil steadied near the lowest level in two months as a rout in global equity markets abated. Futures in New York fell 0.2 percent, paring earlier decline of as much as 1.2 percent. The Stoxx Europe 600 index increased, while futures on the S&P 500 … Read more
VANCOUVER — Teck Resources Ltd. reported a profit of $1.3 billion in its third quarter, boosted by the sale of the Waneta Dam.
The miner says the profit amounted to $2.23 per share for the three months ended Sept. 30, compared with $584 million or $1…
Oct 25, 2018, by Lorcan Roche Kelly (Bloomberg) Easing The equity selloff that saw year-to-date gains wiped out for both the S&P 500 Index and the Dow Jones Industrial Average in yesterday’s U.S. session appears to be running out of steam this morning. The Stoxx 600 Index was trading 0.4 percent higher by 5:45 a.m. Eastern Time and U.S. futures also … Read more
CALGARY, Alberta, Oct. 25, 2018 (GLOBE NEWSWIRE) — (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” … Read more
CALGARY, Alberta, Oct. 25, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2018. KEY HIGHLIGHTS Announced updated strategy and transition plan on September 5, 2018, with a goal of becoming a … Read more
CALGARY, Alberta, Oct. 25, 2018 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) provides an operational update and timing details for its third quarter results and conference call. Strategic 2019 Outlook Canadian Operations STEP has been very strategic in positioning the Company for 2019. As a relatively new entrant into the Canadian … Read more
Oct 24, 2018, by Bloomberg News (Bloomberg) A Chinese archipelago that served as a pirate’s den in centuries past and was governed by President Xi Jinping in the new millennium is luring the world’s energy giants. State-run Saudi Arabian Oil Co. and U.S. behemoth Exxon Mobil Corp. were among firms that signed $24 billion in … Read more
LONDON (Reuters) – Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector. In April, the United Nations shipping agency reached an agreement to reduce CO2 emissions by at least 50 percent by 2050 compared with 2008 levels, which fell short of more ambitious targets. … Read more
CALGARY — Husky Energy Inc. will increase its downstream capacity and thus “insulate” itself from recent large heavy oil price discounts if it succeeds in its hostile takeover of fellow oilsands producer MEG Energy Corp., CEO Rob Peabody said Thursday…
MOSCOW (Reuters) – President Vladimir Putin said on Wednesday that Russia would be forced to target any European countries that agreed to host U.S. nuclear missiles following Washington’s withdrawal from a landmark Cold war-era arms control treaty. Speaking at a news conference after holding talks with Italian Prime Minister Giuseppe Conte, Putin said he wanted … Read more
Oct 24, 2018, by Helen Robertson (Bloomberg) Countries heavily reliant on oil and gas for revenue must diversify their economies or face worsening finances, the International Energy Agency warns in a new report. While revenue for petro-states has always fluctuated in boom-and-bust price cycles, this time is different. Surging U.S. shale production, the expansion of … Read more
In this webinar you will learn: Impacts of digital in Oil & Gas Which digital innovations will have the greatest impact What Oil & Gas companies can do now to prepare How companies utilizing visual monitoring solutions, driven by machine learning and artificial intelligence, can reduce operating costs while mitigating safety and environmental risks. Geoffrey … Read more
Oct 24, 2018, by Kevin Orland (Bloomberg) Forgive Canada’s oil-sands producers for the whiplash. After seeing Western Canada Select crude climb during the first half of 2018, producers have since watched the price plummet by more than 50 percent as increasing output ran into pipeline bottlenecks and maintenance downtime at U.S. refineries. How they’re coping … Read more
RGB, CMYK & PANTONE, WHAT’S THE DIFFERENCE? Colour is one of the most important aspects of printing, it can attract, influence and increase retention, making your marketing team happy! Colour is everywhere, and you have probably noticed that sometimes a colour looks different on screen vs. when it gets printed. Why are there so many … Read more
GRANDE PRAIRIE, Alta. — One man is dead following an explosion at a well site in northern Alberta.
RCMP Const. Melanie McIntosh says initial reports indicate a gas leak caused the explosion south of Grande Prairie near Musreau Lake on Tuesday night.
A…
OTTAWA — Alberta Environment Minister Shannon Phillips says a key piece of federal legislation that would overhaul energy projects can’t become law in its current form.
Phillips was in Ottawa today to convince the Senate that Bill C-69 needs to be fix…
Oct 24, 2018, by David Fickling (Bloomberg Opinion) Put down that chart and look around you. West Texas Intermediate crude suffered its sharpest fall in three months Tuesday, slumping as much as 5.5 percent after the contract slipped below its 200-day moving average for the first time in a year – a negative signal for technical … Read more
Oct 24, 2018, by Alex Longley and Javier Blas (Bloomberg) Just weeks after oil traders were touting $100 a barrel, those predictions now seem a distant memory. Oil is trading more than $10 a barrel lower than it was earlier this month, when it reached a four-year high. More Saudi and Russian crude, higher-than-expected Iranian … Read more
Oct 24, 2018, by Kevin Crowley and Kelly Gilblom (Bloomberg) Big Oil’s big payday has finally arrived. The question now is how to spend the extra cash. Investors will be reading the third-quarter tea leaves to discern whether executives plan to boost dividends and buybacks, hike spending on shiny new mega projects, or perhaps even … Read more
Oct 24, 2018, by Lorcan Roche Kelly (Bloomberg) Picking a side The continuing fallout from the killing of journalist Jamal Khashoggi in the Saudi Arabian consulate in Istanbul is putting the Trump administration in a difficult position as two of the country’s key regional allies engage in a tense face-off over the affair. For now, President Donald … Read more
October 24, 2018 CALGARY, Alberta, Oct. 24, 2018 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces an operations update. All dollar values are expressed in US dollars unless otherwise stated. Updates Corporate production during the third quarter averaged ~ 14.3 MBoepd and is averaging ~ 14.7 MBoepd to date in October Drilled two … Read more
October 23, 2018 Reuters Woodfibre LNG is set to become the second liquefied natural gas export project in the country A small liquefied natural gas project north of Vancouver is poised to move to construction in the first quarter of 2019, adding momentum to Canada’s efforts to become a significant exporter of the supercooled fuel.The $1.6 … Read more
October 23, 2018 CNW CALGARY, Oct. 23, 2018 /CNW/ – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQX”) is pleased to announce that it has completed the previously announced disposition of its non-core asset for total cash consideration of $6.575 million, prior to closing adjustments (the “Transaction”). The proceeds from the sale of the assets will be used … Read more
(Reuters) – Canadian National Railway Co (CNR.TO) reported a better-than-expected third-quarter profit on Tuesday as the railroad shipped higher volumes of crude and grains. A Canadian National (CN) rail caboose is displayed outside a logistics company’s office in Sherwood Park, near Edmonton, Alberta, Canada November 13, 2016. REUTERS/Chris Helgren Railroads including CN Rail and Canadian … Read more
Oct 23, 2018 by Josh Wingrove and Greg Quinn (Bloomberg) Justin Trudeau is imposing a carbon tax on provinces that have balked at implementing their own, doubling down on what will be a core fight in Canada’s next election. Trudeau announced a plan Tuesday to tax industrial emitters and fuels in holdout provinces. The fuel … Read more
Tuesday, October 23rd, 2018 Canadian Taxpayers Federation reacts to Trudeau carbon tax announcement OTTAWA, ON: Canadian Taxpayers Federation (CTF) Federal Director Aaron Wudrick released the following statement in response to Prime Minister Trudeau’s carbon tax announcement this morning: “Today’s announcement shows that the Prime Minister is choosing to ignore growing opposition to his ill-advised carbon … Read more
EDMONTON — Alberta’s ethics commissioner has dismissed complaints surrounding United Conservative Leader Jason Kenney’s recent trade trip to India.
Ethics Commissioner Marguerite Trussler, in a report, says Kenney and fellow legislature member Prasad …
HALIFAX — Nova Scotia’s cap-and-trade system has received Ottawa’s blessing, with the premier saying his citizens will be better off than they would be under a federal carbon tax.
The province has long held that its electricity sector had made big str…
VANCOUVER — The National Energy Board is repeating its mistakes with a new review of the Trans Mountain pipeline expansion, laying the groundwork for another court challenge, say First Nations, environmental advocates and politicians in British Columb…
October 23, 2018 Oil prices fell more than 4 percent on Tuesday as investors sold off stocks amid concerns about slowing global economic growth. U.S. light crude dropped $3.03, or 4.4 percent, to $66.33 a barrel, after earlier hitting a two-month low at $65.74. The Dow Jones Industrial Average fell more than 450 points, with … Read more
CALGARY — Alberta Premier Rachel Notley is proposing Ottawa get into the crude-by-rail business. She says Alberta heavy oil producers have been dealing with a punishing price gap between their product and U.S. light oil. She says that amounts to money being taken out of the Canadian economy and sucked into American bank accounts. The differential is … Read more
SURREY, B.C. — A British Columbia natural gas supplier is warning its one million customers to expect reduced supplies and “challenges in times of high demand” as winter looms.
FortisBC says in a statement that the Oct. 9 rupture and explosion of the …
BISMARCK, N.D. — Two members of the Standing Rock Sioux tribe and a reservation priest are suing over a five-month shutdown of a North Dakota highway during protests against the Dakota Access oil pipeline, saying the closure violated their and others’…
October 23, 2018 CALGARY, Alberta – Rigstar Communications Inc. (Rigstar) is pleased to announce that Coastal GasLink Pipeline LP (CGL) has selected Rigstar as the project Telecommunication Services Provider. The contract will support 10 camps and associated offices along the 670-kilometre pipeline from the Dawson Creek area to the proposed LNG Canada facility near Kitimat, … Read more
October 23, 2018 – Maureen McCall “We want to show the world that Canada can get these types of important projects built” At the Downstream Engineering and Construction Canada 2018 conference yesterday , Hon. Deron Bilous, Alberta Minister of Economic Development & Trade established himself as a vocal champion for the Energy Industry while promoting … Read more
Oct 23, 2018 by Alex Longley and Heesu Lee (Bloomberg) Oil traded at the lowest level in more than a month after Saudi Arabia reiterated its plan to lift oil output and as tumbling equities weakened sentiment. Futures in New York fell as much as 1.8 percent. Saudi Arabian Energy Minister Khalid Al-Falih said the … Read more
Oct 22, 2018 by Josh Wingrove (Bloomberg) Justin Trudeau is about to impose a carbon tax on provinces that have balked at implementing their own, doubling down on what is set to be a core fight of the next federal election. Trudeau and his environment minister will travel to Toronto on Tuesday to unveil details … Read more
The National Energy Board says it will consider a jurisdictional challenge of a pipeline approval that is a key component in a recently sanctioned $40-billion liquefied natural gas export facility in British Columbia. The federal regulator says it will accept submissions until next Monday from challenger Mike Sawyer, the provincial and federal governments, and other parties on whether the 670-kilometre pipeline … Read more
Oct 23, 2018, by Javier Blas and Vivian Nereim (Bloomberg) Saudi Arabia gave the strongest indication yet that it’s trying to stop oil prices from rising further, saying that OPEC and allies are in a “produce as much as you can mode” to assure customers that they can meet demand and remove any uncertainties about … Read more
LONDON/SINGAPORE, Oct 23 (Reuters) – * Headline rates for shipping liquified natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic metre LNG tri-fuel diesel electric (TFDE) vessel, brokers say. * That is a 6-year high and compares to Atlantic basin rates of $75,000 at … Read more
Oct 23, 2018, by Lorcan Roche Kelly (Bloomberg) Selloff Yesterday’s market bounce in Asia proved short-lived, with most gauges in the region sinking at least 1 percent overnight. The MSCI Asia Pacific Index dropped 2.1 percent, while Japan’s Topix index closed 2.6 percent lower and China’s Shanghai Composite Index – which lead the gains on … Read more
basinINTEL is a revolutionary software that provides you with accurate, pre-computed probabilistic production forecasts for every well in Western Canada. The software allows you to filter by “On Production Date” to see wells of a desired vintage, and slide the period you define throughout all production history. Watch the video. To book your demo, visitwww.geoLOGIC.com
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
Visit the GPS Team this Thursday, October 25, on the Main Floor at the Suncor Energy Centre, 111 5 Ave SW, from 9:00 am – 3:00 pm and learn about the many ways to participate in Global Petroleum Show 2019. Additionally, you will have the opportunity to take advantage of the super early bird conference pass pricing … Read more
For Time Saving Temperature Calibration – Go JOFRA! Cameron Instruments Inc., is pleased to announce the launch of the new Ametek STC JOFRA CTC-1205 compact temperature calibrator. This temperature calibrator offers improved calibration times over the company’s previous CTC-1200 calibrator, and is ideal for waste incineration, power plants, oil and gas production as well as for … Read more
What can small and medium-sized upstream oil and gas companies do to take advantage of a more digital world, if anything? BACKGROUND I’m presenting at ARC Financial’s CEO Summit on Tuesday (October 23) about the impacts of digital on oil and gas, with practical digital ideas for small and medium-sized oil and gas companies. ARC’s observation is that digital innovation is often portrayed as the … Read more
VANCOUVER — The federal government says it will monitor underwater ship and mammal noise in British Columbia’s Salish Sea to help develop measures to support the recovery of endangered southern resident killer whales.
Terry Beech, parliamentary secret…
CALGARY — The restart of crude oil production at Imperial Oil Ltd.’s Norman Wells oilfield after a two-year shutdown means both economic optimism and cleaner air for the 800 or so residents of the remote Northwest Territories town.
“Obviously, a produ…
October 22, 2018 Reuters WTI hovered around $70 a barrel on Monday, as Saudi Arabia sought to reassure the market that the kingdom remains focused on raising output to compensate for supply losses elsewhere, such as Iran. U.S. crude futures fell 15 cents to $68.97 a barrel. Benchmark Brent crude oil futures were down 9 cents … Read more
October 22, 2018 Business Wire CALGARY, Alberta–(BUSINESS WIRE)–Imperial today announced that it has successfully restarted production at its Norman Wells operations in the Northwest Territories following the return to service of Enbridge’s Line 21 pipeline. Imperial had previously resumed limited shipments of crude oil from storage in September. More than 100 employees and contractors have been … Read more
October 22, 2018 LNG Canada challenged competing U.S. liquefied natural gas (LNG) projects on Monday, saying many could end up “dead in the water” as long as China keeps its tariff on U.S. imports of the fuel as part of the trade war between the countries.China in September announced a 10 percent tariff on U.S. … Read more
Oct 22, 2018 by Lorcan Roche Kelly (Bloomberg) Chinese stocks surge, Italian assets bounce, and Trump’s tax-cut promise dazes GOP leaders. Here are some of the things people in markets are talking about today. Shanghigh China’s Shanghai Composite Index surged 4.1 percent overnight after weekend comments from President Xi Jinping in which he vowed “unwavering” support for non-state firms. … Read more
Oct 22, 2018 by Dina Khrennikova (Bloomberg) Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi, and the kingdom plans to boost crude output again soon. “For decades we used our oil policy as a responsible economic tool and isolated … Read more
Oct 22, 2018 by Paula Sambo and Kevin Orland (Bloomberg) Debt holders of MEG Energy Corp. are betting the Canadian oil-sands developer will accept a sweetened takeover bid from Husky Energy Inc. — or from another interested bidder. The Calgary-based oil and natural gas company rejected the unsolicited Husky bid, arguing it significantly undervalues the … Read more
Oct 19, 2018 by Frederic Tomesco (Bloomberg) Boom times are back for at least one company in Canada’s oil heartland. Canadian Pacific Railway Ltd. may match or exceed its record 2014 pace of 110,000 crude carloads next year as a pipeline crunch stokes demand for shipping by train, Chief Executive Officer Keith Creel said late … Read more
A big congratulations to Frac Shack’s CEO, Todd Van Vliet! Todd was awarded the EY Entrepreneur of the Year Award for the Energy category at the EOY Prairies Gala last week in Calgary. A huge thank you to all of our employees, customers and industry partners for making this happen, and a big thanks to … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary A manager’s number one priority should be creating a self-sufficient team. The biggest problem a manager faces in creating a self-sufficient team is their tendency to rescue, especially if they have domain expertise like … Read more
Engineered by Scovan, on behalf of the Pengrowth Energy Corporation, The Lindbergh Project is a 12,500 barrel per day greenfield Steam Assisted Gravity Drainage (SAGD) development located 75 km south of Cold Lake, Alberta. www.scovan.ca
Join us at one of Western Canada’s biggest trade shows and get in free — on Brady. Just use promo code 25447. Visit us at booth 434 on November 7 and 8 and learn about the latest lockout tagout products, high-performance labels and facility identification printers to help your customers create a safe and efficient work environment. Pre-Register HERE
Canada’s drilling rig count decreased by 4 actively drilling rigs according to data collected by Baker Hughes for the week of October 19th. From one week ago, Alberta rig counts increased 2 to 132 and the Saskatchewan rig counts decreased 1 to 40. Oil drilling decreased 4 to 123 and gas drilling stayed the same … Read more
CALGARY, Alberta, Oct. 19, 2018 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSX-V:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) is a 60% working interest partner in a Clinton Sandstone Horizonal (“CSH”) well drilled in Hocking County, Ohio. The operator of the well is Hocking Hills Energy and Well Services LLC of Ohio. The Leaman #1 well has … Read more
VICTORIA — It could be the middle of November before repairs are complete on a section of a natural gas pipeline that ruptured and burned earlier this month in central British Columbia, setting off a provincewide effort to reduce gas use.
Work to fix …
October 19, 2018 by The Canadian Press CALGARY — The sky’s the limit as the city of Calgary opens what it believes is the first testing area in Canada for drones, autonomous vehicles and other technologies. The city has set aside a 50-hectare site in its industrial southeast to offer airspace for an increasing demand from companies and educational … Read more
Oct 19, 2018 by Samuel Robinson (Bloomberg) Oil rose from a one-month low after U.S. President Donald Trump promised “very severe” consequences in the case of a missing critic of Saudi Arabian leaders. Futures gained 0.7 percent in New York on Friday, trimming its weekly loss to 3.1 percent. Trump’s remarks came as multiple investigations … Read more
October 19, 2018 Reuters U.S. drillers added oil rigs for a second week in a row this week, raising the rig count to the highest level since March 2015.Drillers added four oil rigs in the week to Oct. 19, bringing the total count to 873, General Electric Co’s Baker Hughes energy services firm said in its … Read more
October 18, 2018 Globe Newswire No New Value Arguments in MEG Directors’ Circular Husky Reaffirms Commitment to Complete its Highly Compelling Offer Encourages MEG Shareholders to Act and Tender Shares CALGARY, Alberta, Oct. 18, 2018 (GLOBE NEWSWIRE) — Husky Energy Inc. (TSX:HSE) (“Husky” or the “Company”) has reviewed the directors’ circular filed by MEG Energy Corp. … Read more
ERBIL, Iraq (Reuters) – Iraqi Oil Minister Jabar al-Luaibi has issued a decree transferring the ownership of nine state-owned oil companies, including state oil marketer SOMO, from the oil ministry to the newly-formed National Oil Company which he also heads, a ministry spokesman said on Thursday. Luaibi took the decision in his capacity as National … Read more
Oct 18, 2018 by Jeremy Hodges (Bloomberg) The world is growing more complacent about efforts to squeeze down the use of energy. That’s the signal coming from an International Energy Agency report, which found the smallest improvement in efficiency in a decade after demand for fuels of all kinds grew more strongly in 2017. The … Read more
Oct 17, 2018 by Anna Hirtenstein (Bloomberg) In the race for the next generation battery, lithium-ion technology has made huge leaps in recent years. But the power packs continue to have drawbacks: they use raw material mined in unstable countries, they’re dangerous if they break and they could pack more power. Solving those conundrums is … Read more
October 19, 2018 The Canadian Press CALGARY – Royal Dutch Shell’s name is being removed from a tiny 65-year-old employee credit union as its visibility in the Alberta oil and gas industry continues to shrink in the wake of the sale of most of its oilsands assets last year. The rebranding of the Shell Employees’ Credit … Read more
CALGARY — MEG Energy Corp. shares rose and fell in choppy trading Thursday after it formally rejected a $3.3-billion hostile takeover offer from oilsands rival Husky Energy Inc.
The target company said after markets closed Wednesday that the Husky off…
Oct 19, 2018 by Lorcan Roche Kelly (Bloomberg) Trump warns of “severe” consequences for Khashoggi death, China urges market calm, and Italian assets tumble. Here are some of the things people in markets are talking about today. “Bad stuff” President Donald Trump warned of “severe” consequences for the disappearance of journalist Jamal Khashoggi, with his administration awaiting the conclusion … Read more
Oct 19, 2018 by Sharon Cho and Grant Smith (Bloomberg) — Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country. The talks could lead to increased cooperation between the U.S. energy giant and state-run Rosneft … Read more
October 18, 2018 Accesswire WINNIPEG, MB / ACCESSWIRE / October 18, 2018 / Bird River Resources Inc. (CSE: BDR) (the “Company”) is pleased to announce that trading in the Company’s common shares will resume at market open on Monday, October 22, 2018. During the halt trading period, the Company’s oil and gas operations have continued through its … Read more
WASHINGTON — South Carolina Gov. Henry McMaster and the state’s congressional delegation urged President Donald Trump on Thursday to reconsider his administration’s plan to shut down a half-built nuclear fuel facility in their state.
A federal appeals…
October 18, 2018 CNW CALGARY, Oct. 18, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) announces today that it received approval from the Alberta Energy Regulator to construct and operate the previously announced Pipestone Montney, Sour Deep-Cut Gas Processing Complex (the “Pipestone Plant“). The Pipestone Plant will be situated in the Pipestone area near Grande Prairie, Albertaand … Read more
October 17, 20181:20 PM CNW MEG’s stand-alone plan is worth substantially more than the value proposed to be delivered by Husky in the Husky Offer MEG’s business is at an exciting inflection point and new CEO, Derek Evans, has plans to accelerate MEG’s cash flow generation The Husky Offer was timed opportunistically and substantially undervalues MEG’s best-in-class … Read more
Oct 18, 2018 by Sharon Cho and Grant Smith (Bloomberg) Oil traded near the lowest level in a month after a bigger-than-expected gain in American stockpiles overshadowed tensions between the U.S. and Saudi Arabia over a missing critic of the kingdom. Futures in New York fell 0.8 percent, after plunging 3 percent Wednesday. U.S. crude … Read more
Oct 18, 2018 by Esteban Duarte and Austin Weinstein (Bloomberg) There’s a lot more to Canada’s dollar than just oil these days. The industry is less critical than it once was to the nation’s prospects, enabling some Canadian dollar bulls to look past the recent slide in domestic crude prices and focus instead on the … Read more
Oct 17, 2018, by Christopher Sell (Bloomberg) In the same week that Saudi Arabia made a veiled threat to use oil as a political weapon, the U.S. offered another reminder of its growing energy independence as government data showed shale oil production is forecast to reach a fresh record in November. Production from the nation’s … Read more
Oct 18, 2018, by Scott Deveau and Kevin Orland (Bloomberg) MEG Energy Corp. said Wednesday it had rejected a C$3 billion hostile takeover by Husky Energy Inc. and plans to launch a strategic review with an eye to finding another buyer. The Calgary-based oil and natural gas company said its board unanimously rejected the unsolicited … Read more
Oct 18, 2018, by Lorcan Roche Kelly (Bloomberg) Tightening Yesterday’s Federal Reserve minutes showed a majority of members favored an eventual (and temporary) interest-rate move above what they deem the neutral level for the economy in the long run. The lack of dovishness in the outlook helped boost Treasury yields with the 10-year jumping five basis points … Read more
CALGARY — There’s a “seller’s market” for attractive assets like those held by its Canadian subsidiary, the CEO of Kinder Morgan Inc. said on a conference call Wednesday to discuss third-quarter results.
The company is working on a strategic plan that…
October 17, 2018 CNW VANCOUVER, Oct. 17, 2018 /CNW/ – Kwispaa LNG has entered the next phase of project development with the submission of the Project Description to the British Columbia Environmental Assessment Office and Canadian Environmental Assessment Agency. The Project Description provides a comprehensive overview of Kwispaa LNG and represents the culmination of several years of engagement … Read more
KITIMAT, B.C. — Canada’s natural resources minister says the environment and the economy go hand-in-hand after he toured the site of a new liquefied natural gas venture in British Columbia, days after the United Nations warned more needs to be done to…
October 17, 2018 LONDON (Reuters) – The oil shocks of 1973/74 and 1979/80 are now mainly remembered for the disruption and hardship they caused in the major oil-consuming countries. But they marked a lasting inflection point in the development of the oil market and almost all the changes were adverse to OPEC in the long … Read more
October 17, 2018 Globe Newswire CALGARY, Alberta, Oct. 16, 2018 (GLOBE NEWSWIRE) — Pulse Oil Corp. (TSX-V:PUL and PUL.WT) (the “Company” or “Pulse”) is pleased to announce the price and terms of its marketed public offering previously announced on October 15, 2018 (the “Offering”). The Offering will be conducted on an agency basis for the issuance … Read more
Oct 17, 2018 by Grant Smith (Bloomberg) Oil fell as traders weighed contradictory assessments of U.S. crude inventories before the release of government data later Wednesday. Futures slid 0.8 percent in New York. The American Petroleum Institute was said to report a 2.13 million-barrel drop in stockpiles, while a Bloomberg survey forecast a 2.5 million-barrel gain. … Read more
By Liz Hampton HOUSTON, Oct 17 (Reuters) – Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. Oil producers are holding off finishing new wells, and cost pressures … Read more
GENEVA (Reuters) – Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of state-run National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday. Iran’s Foreign Ministry also criticized U.S. sanctions imposed on Tuesday on several Iranian … Read more
(Reuters) – A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors. Tesla shares rose as much as 5.5 percent to $273.88 before easing to $271.63 … Read more
Oct 17, 2018, by Lorcan Roche Kelly (Bloomberg) Act fast Secretary of State Mike Pompeo said, before he left Saudi Arabia for Turkey, that the kingdom understands the need to rapidly conclude the investigation into Jamal Khashoggi’s disappearance. President Donald Trump, who has been critical of mounting global condemnation of Saudi Arabia, said it “ would … Read more
Oct 16, 2018 by Kevin Orland and Robert Tuttle (Bloomberg) Gibson Energy Inc. surged the most in more than a year after announcing a plan to build 1 million barrels of new oil-tank space in Western Canada, underscoring how the crude storage and transportation provider is poised to benefit from the nation’s pipeline shortage. The … Read more
Your people are your strongest risk management assets. Invest in them, reduce risk, promote safety and achieve operational excellence. Get it now and Save at least 50% on process Safety Training. LEARN MORE People based safeguards are: Operator rounds, Procedures, Preventive Maintenance and Alarms with Operator Action. They make up to 40% of safeguards. Are your … Read more
Customer avoids helicopter trips during spring break-up, cuts down on routine 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 Western Canada. During most of the year, these sites are accessed by vehicle, … Read more
October 16, 2018 The Canadian Press CALGARY – An energy analyst warns the Canadian oil and gas sector is in a holding pattern in which spending and production growth can’t occur until new ways to get products to export markets are found. CIBC analyst Jon Morrison says in a report that steep discounts being paid for … Read more
October 16, 2018 Reuters At a massive natural gas field in northern British Columbia, Royal Dutch Shell Plc is using new technologies and processes to cut emissions to address public and environmental group concerns that Canada’s nascent liquefied natural gas export industry could be a climate time bomb. The Groundbirch project, perched above Canada’s richest shale … Read more
October 17, 2018 By David Yager Energy Policy Analyst – Oil & Gas Writer As everyone in the oil business knows, forecasts are fraught with uncertainty. No wonder. Nobel laureate Nils Bohr said, “Prediction is very difficult, especially if it’s about the future”. Mark Twain quipped, “Prophesy is a good line of business, but it … Read more
October 16, 2018 Canoe Financial is the proud presenting partner for Brad Wall’s monthly column Its almost Halloween. Time for fatherly object lessens about the unfairness of socialism as candy is confiscated in the name of the ‘Dad Tax’(maybe that only happened in my house) and scary movies. Have you ever yelled out loud at … Read more
October 16, 2018 Globe Newswire All financial figures are in Canadian dollars unless noted otherwise CALGARY, Alberta, Oct. 15, 2018 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the sanction of one million barrels of new tankage at the Hardisty Terminal, underpinned by a long-term agreement with an investment grade, … Read more
October 16, 2018 Globe Newswire CALGARY, Alberta, Oct. 15, 2018 (GLOBE NEWSWIRE) — Pulse Oil Corp. (TSX-V:PUL and PUL.WT) (the “Company” or “Pulse”) is pleased to announce that it intends to complete a private placement (the “Strategic Investment”) with certain strategic investors, whereby the Company will issue an aggregate of such number of units (the “Private … Read more
VANCOUVER — The company that owns a natural gas pipeline that ruptured and burned in central British Columbia a week ago says the dust that settled on homes near the blast site does not pose a health risk.
The latest post on the Enbridge website says …
Tuesday, October 16th, 2018 by Aaron Wudrick, Federal Director Throughout months of interminable NAFTA renegotiations, the Trudeau government repeatedly insisted Canada wouldn’t agree to a bad deal. It was the right call. In the mercurial waters of Trump-style trade negotiations, the real litmus test for Canada was never going to be about getting a better deal. Rather, it … Read more
Digital innovations are upending some of the most deeply held and long standing orthodoxies of our modern life. Many of the orthodoxies in oil and gas are ready to tumble. ANCIENT HUMANS Imagine yourself 200,000 years ago, when life was more rugged and dangers were everywhere. Minding your own business, you’d come across some wild animal without warning. You relied on the primitive part of your brain, … Read more
A commentary by Wendy Ferguson My published piece last month, Energy Sector Still Suffering in Alberta, attracted a great deal of attention from Albertans. One of our readers who reached out to me agreed to let me share with you his sentiments regarding his unemployment experience as an energy sector professional in Alberta: “I am … Read more
Oct 16, 2018 by Grant Smith (Bloomberg) Oil retreated before weekly U.S. inventory data even as the disappearance of a critic of the Saudi Arabian regime threatened to spark a diplomatic crisis. Crude in New York dropped 0.6 percent. U.S. stockpiles probably rose by 1.25 million barrels last week, the longest streak of gains since … Read more
LONDON (Reuters) – Hedge fund managers have continued to take profits on their bullish positions in crude oil as the late summer rally has faded and fears about oil consumption and the state of the economy have replaced concerns over sanctions on Iran. Fund managers cut their combined net long position in the six most … Read more
LONDON (Reuters) – U.S. President Donald Trump cannot bring oil prices down by “bullying” other nations, Iran’s oil minister said on Tuesday, adding that the market was suffering from short supply. U.S. sanctions on Iranian oil exports are due to kick in on Nov. 4. The U.S. administration has been pushing its allies to cut … Read more
NEW DELHI (Reuters) – OPEC Secretary-General Mohammad Barkindo on Tuesday urged oil producing companies to increase capacities and invest more to meet future demand as spare oil capacity shrinks worldwide. Oil prices have rallied this year on expectations that U.S. sanctions on Iran will strain supplies by lowering shipments from OPEC’s third-largest oil producer. Brent … Read more
Oct 16, 2018, by Lorcan Roche Kelly (Bloomberg) Saudi crisis U.S. Secretary of State Michael Pompeo arrived in Saudi Arabia this morning as the kingdom remains under pressure to explain the disappearance of writer Jamal Khashoggi after entering its embassy in Turkey. Media reports suggest that authorities in Riyadh are considering saying that the journalist died … Read more
SACRAMENTO, Calif. — As the political battle to overturn California’s gas tax increase intensified, the state transportation agency co-ordinated frequently with the public affairs firm working to block the repeal on behalf of unions, construction comp…
(Reuters) – The amount of natural gas moving from British Columbia to Washington state through the Sumas hub edged up over the weekend after Enbridge Inc (ENB.TO) last week returned a pipeline to service following a pipe blast in British Columbia. The reduction in the amount of gas flowing through the point, however, caused prices … Read more
October 15, 2018 Globe Newswire CALGARY, Alberta, Oct. 15, 2018 (GLOBE NEWSWIRE) — The Canadian Association of Petroleum Producers (CAPP) is asking the federal government to pause and review its plans for Bill C-69 and further consider the long-term impacts to the country and Canadians. By working collaboratively with the oil and natural gas industry and … Read more
October 15, 2018 Calgary, Alberta October 15, 2018 – Cold Bore Technology Inc. (“Cold Bore” or the “Company”) is pleased to announce the closing of an investment by Rice Investment Group (“RIG”) as well as the appointment of Toby Rice to the Board of Directors. Cold Bore is a global leader in fracturing optimization software, developing … Read more
EDMONTON — Alberta’s NDP says Opposition Leader Jason Kenney needs to explain what regulations and labour rules he would cut if he were to win power.
Environment Minister Shannon Phillips says any cuts — and Kenney’s promise that he would push them th…
SAINT JOHN, N.B. — A week after a fiery explosion at Canada’s largest oil refinery rocked the east side of Saint John, N.B., investigators say they have yet to examine the blast site because it remains a “hot zone.”
At least four workers received mino…
Oct 15, 2018, by Grant Smith (Bloomberg) Oil rose as traders assessed a threat by Saudi Arabia, the world’s biggest crude exporter, to retaliate against any punishment over the disappearance of a government critic. Futures climbed as much as 1.9 percent in New York as the market viewed the Saudi Foreign Ministry statement as a … Read more
Oct 15, 2018, by Lorcan Roche Kelly (Bloomberg) Down Hopes Friday’s bounce in U.S. equities would lead to a positive start to the trading week were dashed in the Asia session. Overnight, the MSCI Asia Pacific Index dropped 1.1 percent with China’s Shanghai Composite Index closing at the weakest level since November 2014. In Europe, the Stoxx … Read more
October 15, 2018 | Source: Saturn Oil + Gas In SASKATOON, Saskatchewan, Oct. 15, 2018 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to announce that the Company was the successful bidder on certain targeted parcels at the recent Crown land sale on October 2nd, 2018. The … Read more
by Matt Chester (Renewable Energy World) When innovators come up with the idea for the next great technological breakthrough, the first roadblocks to seeing that idea to fruition are typically funding. Among renewable energy inventions, this need is typically filled through wealthy private investors, venture capital firms, or government grants. But today, in the age … Read more
NEW YORK (Reuters) – U.S. Gulf of Mexico oil and gas production is returning to near normal levels following Hurricane Michael, data from an offshore regulator showed on Sunday, with oil output off 15.8 percent and natural gas production down less than 10 percent. The Bureau of Safety and Environmental Enforcement (BSEE) also said in … Read more
What We Do Gift Card & Incentive Solutions Across your Entire Enterprise One-stop shop providing desirable rewards, convenience, & efficiency Hawk Incentives, a Blackhawk Network business, is a leading global provider of customized incentive rewards for consumer promotions, employee rewards and recognition, and sales incentive programs. We offer you a flexible online ordering portal with … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Ineffective coaching is nothing more than a polite conversation with no purpose that goes on longer than necessary. To get a real return on your coaching sessions find your purpose in SAM. Demonstrate ongoing Support – investing your only … Read more
Spend less time forecasting and more time analyzing using geoLOGIC’s basinINTEL software, which is powered by BetaZi. Using basinINTEL, you can quickly scope a project to see the Top 10 by Operator, Province, Field Name, Well Status, or Well Type. Watch this short video to find out how this is done. Download the brochure atwww.geoLOGIC.com/products About geoLOGIC … Read more
VANCOUVER — Enbridge Inc. says it has begun construction of a temporary access road to the site of a natural gas pipeline explosion in Prince George, B.C.
In a news release issued Sunday the company says construction will take a few days, but it has n…
October 14, 2018 EDMONTON — Alberta Premier Rachel Notley, with her arch pipeline foe sitting just a few feet away in the front row, compared Trans Mountain protesters Saturday to dewy-eyed unicorn jockeys from Salt Spring Island, B.C. “I would say to those who oppose our fight to build this pipeline, that they are being extremely foolish,” Notley … Read more
Oct 14, 2o18 by Theophilos Argitis (Bloomberg) Whatever disdain Stephen Harper had for liberals as Canadian prime minister shows no signs of abating now that he’s out of office. In an interview Thursday in Toronto, where Harper was promoting his new book “Right Here, Right Now: Politics and Leadership in the Age of Disruption,” he … Read more
CALGARY — The National Energy Board has released a schedule that it says will allow it to reconsider its approval of the Trans Mountain pipeline expansion project in time to meet a Feb. 22 federal government deadline.
The federal regulator is imposing…
October 12, 2018 Reuters The U.S. oil drilling rig count rose this week for the first time in four weeks even as crude prices tumbled to their lowest in almost three weeks.Drillers added eight oil rigs in the week to Oct. 12, bringing the total count to 869, General Electric Co’s Baker Hughes energy services firm … Read more
Canada’s drilling rig count increased by 13 actively drilling rigs according to data collected by Baker Hughes for the week of October 12th. From one week ago, Alberta rig counts increased 4 to 130 and the Saskatchewan rig counts increased 8 to 41. Oil drilling increased 8 to 127 and gas drilling increased 5 to … Read more
VANCOUVER — Enbridge Inc. says it will begin cleaning up the site of a natural gas pipeline explosion in Prince George, B.C., but the company says it does not have a timeline for how long the task will take.
In a news release Saturday, the company say…
OTTAWA — The back-to-the-drawing board environmental review of the Trans Mountain pipeline expansion project will assess the impact of increased oil tanker traffic out to about 12 nautical miles from the B.C. coastline.
The National Energy Board relea…
Oct 12, 2018 by Samuel Robinson (Bloomberg) Oil posted its biggest weekly loss since May as turmoil in equity trading spilled over into the crude market. Futures dropped 4 percent this week in New York, echoing declines in the S&P 500 Index amid fresh concern about the escalating U.S.-China trade war. Oil stockpiles in the … Read more
Oct 12, 2018 by Brian Eckhouse, Rachel Adams-Heard and Barbara Powell (Bloomberg) High-rise apartment buildings, factories and other industrial customers in western Canada are receiving natural gas again, three days after an Enbridge Inc. pipeline explosion disrupted deliveries. Fortis Inc. is bringing industrial customers in British Columbia back onto the fuel distribution system at reduced … Read more
CALGARY — A financial analyst says prices being paid for Western Canadian oilsands bitumen have fallen so far that many producers are losing money on every barrel sold into the spot market.
Analyst Matt Murphy of Tudor Pickering Holt & Co. says recent…
VANCOUVER — Transportation Safety Board investigators plan to remove pipeline wreckage debris from an explosion site near Prince George, B.C., while the province’s major natural gas supplier asked industrial users Friday to continue to conserve natura…
October 12, 2018 Oil prices steadied on Friday after a market rout driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a fall or more than 4 percent for the week. U.S. West Texas Intermediate (WTI) crude futures were up 11 cents at … Read more
October 11, 2018 CNW TSX Venture Exchange: IKM-V CALGARY, Oct. 11, 2018 /CNW/ – Ikkuma Resources Corp. (“Ikkuma” or the “Corporation“) is pleased to provide an update on its recent activity. Ikkuma is pleased to announce that on October 9, 2018 it closed a conveyance and sale agreement for the sale of a non-core dormant midstream facility in the Alberta foothills (the “Midstream … Read more
October 12, 2018 An interview with David A. McLellan, Strategic Guidance Principal at Ridgeway Strategic Consulting. In the lead up to the Oct 18th PJVA Luncheon next week, we had the pleasure of catching up with David A. McLellan, Strategic Guidance Principal at Ridgeway Strategic Consulting. With US and Canadian experience as a business strategist to the Energy … Read more
Oct 12, 2018, by Lorcan Roche Kelly (Bloomberg) Pause The market rout that saw the S&P 500 Index enter its longest slide since 2016 and gauges in Asia and Europe plunge so far isn’t extending into a third day. Overnight, markets in Asia were boosted by robust China export figures with the MSCI Asia Pacific Index climbing … Read more
HOUSTON (Reuters) – Major oil producers and drillers, including Exxon Mobil Corp (XOM.N) Chevron Corp (CVX.N) and BP Plc (BP.L), on Thursday began returning workers and restoring output at U.S. Gulf of Mexico facilities shut as Hurricane Michael blew through. The U.S. offshore safety regulator’s daily update showed that 40 percent of Gulf oil output … Read more
Oct 12, 2018 by Grant Smith (Bloomberg) The International Energy Agency cut forecasts for oil demand this year and next because of growing threats to global economic growth, yet warned that dwindling spare oil supplies will keep prices high. Reduced growth estimates from the International Monetary Fund, trade disputes and the strain of high oil … Read more
Oct 12, 2018 by Dan Murtaugh (Bloomberg) The world is pumping out more oil and other petroleum liquids than ever before. Global supply rose to 100.3 million barrels a day in the third quarter, the International Energy Agency said Friday in its monthly oil market report. Output, which includes crude oil, natural gas liquids, biofuels … Read more
Oct 11, 2018 by Natalie Wong and Josh Wingrove (Bloomberg) Canada is applying quotas and a 25 percent tariff on steel imports from China and other countries to avoid becoming a dumping ground for steel in the face of metal levies imposed by U.S. President Donald Trump. Canada will erect new barriers to any flood … Read more
CALGARY — A pipeline explosion in B.C. on Tuesday is interrupting natural gas deliveries and cutting into the cold weather price bonus Canadian gas producers had been enjoying for the past few weeks. More than 1.6 billion cubic feet per day — roughly 10 per cent of Western Canada’s daily natural gas output — was stranded when Enbridge Inc. … Read more
Eclipse E-Line Services Inc. is pleased to announce and welcome Dave Malowski as our new Training and Development Coordinator. Dave will be responsible for classroom and onsite training for our E-Line Supervisors and Operators. He will also complete competency evaluations and provide technical support for Operations, Sales and our Data Center. In addition, Dave will … Read more
Capstone is pleased to announce the addition of Mr. Rob Wilkes to the abandonment division. Rob joins the team to fill the role of Manager, Projects based out of Capstone’s Airdrie, Alberta Headquarters. Prior to Capstone, Rob spent 33 years supporting major oil companies including Texaco and Imperial Oil. During this time, he managed some … Read more
Velvet Energy Ltd. & Iron Bridge Resources Inc. Jointly Announce Amalgamation Agreement October 11, 20182:42 PM Globe Newswire CALGARY, Alberta, Oct. 11, 2018 (GLOBE NEWSWIRE) — Velvet Energy Ltd. (“Velvet”) and Iron Bridge Resources Inc. (TSX: IBR) (“Iron Bridge”) today announced that Iron Bridge has entered into an amalgamation agreement (the “Amalgamation Agreement”) with Velvet … Read more
Oct 11, 2018, by Kevin Orland (Bloomberg) Western Canada Select slumped below $20 a barrel on Thursday, the lowest in more than two years, continuing a brutal streak of declines for the country’s main grade of crude. The drop has come as rising production from Canada’s oil-sands overwhelms the nation’s pipeline capacity, and as refinery … Read more
October 11, 2018 Globe Newswire CALGARY, Alberta, Oct. 11, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX: PPR) is pleased to announce the closing of its previously announced bought deal financing (“Bought Deal Financing”) and strategic private placement, each led by Mackie Research Capital Corporation (“MRCC”) for total gross proceeds … Read more
PRINCE GEORGE, B.C. — Natural gas service to much of British Columbia was being gradually restored Thursday after a pipeline explosion north of Prince George shut down a major supply artery to homes, institutions and industries.
The cause of Tuesday’s…
Oct 11, 2018 by Kevin Orland Even before the discount on Canadian crude began a brutal streak of new lows in recent days, a variety of efforts were under way to help alleviate Alberta’s persistent crude-shipping bottlenecks. Here’s a look at the major projects in the works as well as a few longer-term solutions: Line … Read more
Oct 11, 2018, by Heesu Lee and Rakteem Katakey (Bloomberg) Oil headed for the biggest two-day drop since July as fears over a worsening trade war rattled global markets. Futures dropped as much as 2.1 percent in New York, extending Wednesday’s 2.4 percent slide. As the U.S.-China trade tensions escalate, investors are shunning risk assets … Read more
October 10, 2018 Globe Newswire CALGARY, Alberta, Oct. 10, 2018 (GLOBE NEWSWIRE) — (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement by issuing 6,249,181 common shares (“Shares“) on a “flow-through” basis in respect of Canadian Development Expenses (“CDE”) at … Read more
October 10, 2018 CNW CALGARY, Oct. 10, 2018 /CNW/ – The National Energy Board (NEB) has deployed staff to the area of a sweet natural gas pipeline rupture on the Enbridge transmission pipeline near Prince George, B.C. Their role will be to oversee the company’s response and to work with other emergency response agencies on site. Enbridge has indicated that the … Read more
HOUSTON (Reuters) – Hurricane Michael on Wednesday cut 42 percent of U.S. Gulf of Mexico daily crude oil production and nearly a third of natural gas output, the largest reductions in a year, after companies evacuated staff and shut-in platforms as a precaution. Michael slammed into the Florida Panhandle on Wednesday as a fast-moving, Category … Read more
NEW YORK (Reuters) – U.S. crude oil output in 2018 is expected to grow more quickly than previously forecast to a record high, according to a monthly U.S. government forecast on Wednesday. Crude production was expected to rise 1.39 million barrels per day to 10.74 million bpd this year, the U.S. Energy Information Administration said … 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
2018 Industry Insights Forum Thursday, November 1, 2018 Calgary Telus Convention Centre 120 9 Avenue SE Calgary, AB Join PSAC at our 2018 Industry Insights Luncheon, 2018 Annual General Meeting (PSAC Core and Associate Core Members only) and the 2019 Canadian Oilfield Services Activity Forecast and Industry Outlook. Event Schedule: PSAC Annual General Meeting (Core and Associate Core Members … Read more
CALGARY — Discounts on Canadian crude oil widened to multi-year highs on Wednesday as oil and gas executives took turns at a conference pointing out Canada’s competitiveness gap in attracting energy investors.
Prices for both Western Canada Select, an…
October 10, 2018 Reuters LONDON (Reuters) – The world’s biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce crude exports from the Islamic republic. Oil has rallied this year on expectations the sanctions, coming into … Read more
BISMARCK, N.D. — North Dakota regulators decided Wednesday that they don’t have authority to wade into a dispute over the site of an oil refinery being developed near Theodore Roosevelt National Park, eliminating a potential big roadblock for the $800…
October 10, 2018 Calgary, Alberta — geoLOGIC systems ltd. is excited to welcome two of the founders of BetaZi LLC, Janette Conradson, CEO, and Dr. Heidi Kuzma, CTO, to discuss the science behind the basinINTEL joint product with staff and clients. The Alberta-California partnership brings together the strengths of Canadian data experts and those of Berkeley … Read more
October 10, 2018 CNW CALGARY, Oct. 10, 2018 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce an operational update and timing details for our third quarter results and Investor Day. Operational Update Obsidian Energy is on track to deliver meaningful 2019 light oil … Read more
CALGARY — Parkland Fuel Corp. says it will acquire a 75 per cent stake in SOL Investments Ltd., an independent fuel marketer in the Caribbean, for $1.57 billion under an agreement with its current owners.
SOL supplies and markets a total of 4.8 billio…
-More than doubles 2018 capital program to $28.5 million- October 09, 2018 | Source: Strad Energy Services Ltd. CALGARY, Alberta, Oct. 09, 2018 (GLOBE NEWSWIRE) — Strad Energy Services Ltd. (“Strad” or the “Company”) (TSX:SDY) today announced an additional $15.5 million of capital is being allocated to its Industrial Matting division to support its continued growth. Combined with previous … Read more
October 09, 2018 | Source: Prairie Provident Resources Inc. CALGARY, Alberta, Oct. 09, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or “PPR” or the “Company”) (TSX: PPR) is pleased to report that it has posted an updated corporate presentation on its website following the announcement of its proposed acquisition of Marquee Energy Ltd. and the related … Read more
Transformational Business Combination Establishes Strong International Growth Platform; SOL’s Simpson Group to Own 9.9% of Parkland CALGARY, Alberta, Oct. 10, 2018 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”), (TSX:PKI) Canada’s largest and one of North America’s fastest growing independent marketers of fuel and petroleum products and a leading convenience store operator, … Read more
Oct 9, 2018 by Kevin Orland (Bloomberg) Alberta Premier Rachel Notley said the province may soon announce more plans to help the local energy industry reap more value from its resources amid a slump in Canadian crude prices. “We will have more to say in the weeks to come around other things that we can … Read more
Hurricane Michael to hit Florida, Trump says Fed is moving too fast with rate hikes, and optimism grows over a Brexit deal. Here are some of the things people in markets are talking about today. Category 4 Hurricane Michael strengthened to a “dangerous” Category 4 storm ahead of making landfall later today near Panama City, Florida. … Read more
Oct 10, 2018 by Mathew Carr (Bloomberg) The idea that carbon markets can help rein in greenhouse gas emissions got fresh momentum this week from a panel of scientists convened by the United Nations. But whether the idea gains more political currency this time depends on the price that policymakers set for emitting Earth-warming carbon … Read more
Oct 10, 2018 by Heesu Lee and Rakteem Katakey (Bloomberg) Oil held near $75 a barrel as Hurricane Michael threatened supply in the U.S. just as the nation’s stockpiles were forecast to increase. Futures in New York fell 0.2 percent after rising to a week’s high on Tuesday. Hurricane Michael, poised to be the strongest … Read more
Oct 10, 2018, by Javier Blas, Grant Smith and Annmarie Hordern (Bloomberg) Sanctions on Iranian oil exports are hitting much harder than most people predicted as the Trump administration takes a tough line on enforcement, said executives from the world’s largest energy traders. Perhaps 2 million barrels a day of Iranian crude could eventually be … Read more
Oct 9, 2018, by Tina Davis (Bloomberg) This time it wasn’t a tweet. President Donald J. Trump is again saying oil prices are too high, even after West Texas Intermediate crude dropped from a four-year high last week. “I want more energy, because I don’t like $74,” Trump told reporters on the White House lawn … Read more
PRINCE GEORGE, B.C. — An explosion and fire in a pipeline that provides natural gas to about 1.5 million customers in British Columbia, Washington state and Oregon has prompted a plea from energy companies to conserve fuel as Indigenous leaders called…
Targeted to Your Audience, Market Your Products/Services Generate More Leads EnergyNow uses all of its Digital Marketing Platforms to Market Your Company (Website, Daily Email, EnergyNow SHOWCASE, Social Media etc.) Get Fall/Winter Pricing Options HERE [wpforms id=”244164″] Marketing on EnergyNow is Designed to: Focus on your company’s target market Consistently get your company marketing exposure for a Whole … Read more
PRINCE GEORGE, B.C. — About 100 members of a First Nation community in northern British Columbia were evacuated from their homes Tuesday evening after a gas pipeline ruptured, sparking a massive blaze.
The rupture happened on a natural gas transmissio…
The Energy Connect Virtual Conference and Expo will kick off its digital conference May 21st and 22nd 2019. Early bird booking rates are currently open for a limited time! The Energy Connect Conference & Expo is a two-day virtual conference & trade show dedicated to connecting businesses & energy professionals in the oil and gas … Read more
Stop Bill C-69 Rally The Federal Government’s proposed Bill C-69 is bad for Canada’s resource sector, and is bad for Canadians. It will inject further uncertainty, confusion and doubt into the regulatory process. With Northern Gateway, and Energy East dead, and serious delays with Trans Mountain and Keystone XL, you may ask “how can this … Read more
EnergyNow.ca is pleased to have been a Digital Marketing & Media Partner of the 2018 Lloydminster Heavy Oil Show. As an Exhibitor, we hope the show was a success for your company. Now that the Oil Sands Tradeshow & Conference is over, why not continue the show’s momentum to market your company’s brand and … Read more
EnergyNow.ca is pleased to have been a Digital Marketing & Media Partner of the 2018 Oil Sands Tradeshow & Conference. As an Exhibitor, we hope the show was a success for your company. Now that the Oil Sands Tradeshow & Conference is over, why not continue the show’s momentum to market your company’s brand … Read more
OTTAWA — Climate change by the numbers:
1 C: Increase in average global ground temperature in 2016, compared to the mid 19th century
0.2 C: Average increase in average global ground temperature each decade currently
1.5 C: The maximum increase in glob…
MINNEAPOLIS — A Minnesota judge abruptly dismissed charges against three climate change activists during their trial on Tuesday, saying prosecutors failed to prove that the protesters’ attempt to shut down two Enbridge Energy oil pipelines caused any …
Be There Be Visible Be a Sponsor CEPA@25 Integrity First – This Silver Anniversary Event, proudly telling the story of CEPA, will celebrate 25 years of safe & responsible delivery of Canadian oil and gas to national and international markets. The event will be held at the Calgary Petroleum Club, November 29th, 2018. Who … Read more
October 9, 2018 Filing Services Canada Calgary, Alberta (FSCwire) – Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has closed an additional non-core transaction to sell royalty interests acquired as part of a recent east central Alberta transaction and provides an update on its Q4 … Read more
The explosion that rocked Irving Oil’s Saint John refinery on Monday is unlikely to affect the price of gasoline in Canada, according to experts.
The quick return to the facility by contractors and the fact its fuel storage tanks were likely full to e…
OTTAWA — Conservative Leader Andrew Scheer says he told Indian Prime Minister Narendra Modi he wants to find ways to ship Canadian oil and gas to India to meet its voracious energy needs.
Scheer said that’s the message he delivered to Modi on Tuesday …
October 9, 2018 Globe Newswire CALGARY, Oct. 9, 2018 /CNW/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) announced an update to Pulse’s Q4 2018 Bigoray well reactivation program as follows: Reactivation 1 Details: Pulse anticipates receiving regulatory approval by the Alberta Energy Regulator (“AER”) for the transfer of its next Bigoray well, located in the Bigoray Nisku … Read more
Oct 9, 2018 by Sharon Cho and Grant Smith (Bloomberg) Crude rose as storm Michael strengthened and shut some U.S. oil output, while the International Energy Agency called on producers to pump more as the market is “entering the red zone.” Futures in New York rose 0.6 percent. Michael, currently a category 1 storm, is … Read more
Oct 9, 2018, by Javier Blas, Grant Smith and Francine Lacqua (Bloomberg) The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global economy. “We should all see the risky situation, the oil markets are entering the red zone,” … Read more
Oct 9, 2018, by Lorcan Roche Kelly (Bloomberg) Yields rise The U.S. Treasury selloff continues, with the yield on the 10-year benchmark hitting 3.25 percent, the highest since May 2011. The move comes as the market braces for $74 billion in new supply this week with sales of three-, 10- and 30-year bonds due. Morgan Stanley threw … Read more
WASHINGTON — The Trump administration is moving to allow year-round sales of gasoline with higher blends of ethanol, a boon for Iowa and other farm states that have pushed for greater sales of the corn-based fuel.
President Donald Trump is expected to…
Boards in oil and gas must now take into account the wave of digital change that is impacting the sector, and help shape appropriate goals for management. ABOUT Geoffrey Cann is a former senior partner of one of the big 4 consulting firms. He has a deep passion for the impacts that digital technology and innovation are having on oil and … 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
Why are so many leading oil and gas firms across North America relying more and more on animated videos to help drive their sales and marketing efforts? The answer is competition. Gone are the days were a technical document or engineering model were all that was needed to explain an innovative play. Today, fast moving … Read more
This bill proposes numerous changes to the existing Alberta Occupational Health & Safety (OHS) Act. The purpose of the OHS Act is to set the minimum health and safety standards in which employers and workers must comply. Bill 30: An Act to Protect the Health and Well-being of Working Albertans will modernize Alberta’s Health & … Read more
Our environmentally friendly mat washing unit allows companies to minimize disturbances on sensitive land by controlling the spread and distribution of contaminants and invasive species. Our 50+ yards and offices throughout Canada minimizes the response time and transport costs. We offer substantial savings on volume rentals and purchases. For more information, please visit: northernmat.ca/markets/neas/#mats
BLOCKCHAIN Built for leaders, this two day program will provide detailed insight into blockchain and the significant opportunities and risks for your business. As competition grows, margins decrease and our reliance on technology grows greater every day, learning how to perform correct assessments and choosing the most profitable technology projects becomes critical to any business. … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Most salespeople take their foot off the accelerator in Q4. For some it’s because they’ve already hit their quota (or they believe they’ll coast in with opportunities already in their funnel). For others they’ve given … Read more
When taking on a new contract, or one that is larger than your company would normally pursue, factoring your receivables can be a viable option to ensure you have the funds in place to complete the project. A larger project can quickly drain your bank account when payroll expenses need to be paid biweekly and … Read more
SAINT JOHN, N.B. — First, Jonathan Wright heard a loud hissing.
Then he was thrown to the ground and turned to see a wall of orange, as flames surrounded him and several other workers after a massive explosion at the Irving Oil refinery in Saint John,…
October 8, 2018 by The Canadian Press SAINT JOHN, N.B. — A massive oil refinery blast shook this historic port city Monday, sending flames and black smoke high into the sky but causing only four minor injuries — and leaving officials relieved it wasn’t far worse. “We’re very grateful today — and being Thanksgiving, I think it’s appropriate,” Kevin Scott, Irving … Read more
EnergyNow is pleased to publish this letter that was recently sent to Senator Pamela Wallin 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 or contact the Senators below with your own simple message. It does not have to … Read more
OTTAWA — Jim Carr’s view of enhancing Canadian trade in Asia — and its biggest prize, China — is rosier these days because he’s seeing the possibilities through a new lens: LNG Canada’s new $40-billion liquefied natural gas project in northern B.C. “The most interesting development in Canada’s relationship with China happened (Tuesday),” the new minister of international … Read more
October 8, 2018 Reuters HOUSTON (Reuters) – Oil prices fell on Monday but pared losses along with the U.S. stock market as investors bet that China’s economic stimulus steps on Sunday would be sufficient to boost the world’s No. 2 economy and bolster its crude demand. U.S. crude CLc1 was down 45 cents at 73.89 per … Read more
Oct 8, 2018 by Reed Landberg, Chisaki Watanabe and Heesu Lee (Bloomberg) The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations. Their report published … Read more
CALGARY — A raucous crowd of more than 1,500 crammed into a Calgary convention centre Friday night to hear Ontario Premier Doug Ford and Jason Kenney, leader of Alberta’s Opposition United Conservative Party, rail against the federal carbon tax. “It’s really, my friends the worst tax ever, a tax we can’t afford, a job-killing tax … Read more
A unique 3D soil stabilization system-GEOWEB®-was developed by Presto three decades ago for fast-built military roads that has transformed the way roads are built over soft subgrades and into remote areas. Even poor soils and sand when confined in the GEOWEB system create a stable load supporting surface for heavy vehicles. This technology translates … Read more
Transportation bottlenecks, reduced U.S. refining capacity counter increased production CALGARY, ALBERTA (October 4, 2018) – Canadian heavy crude producers are unlikely to benefit in the short term from rising global oil prices as increased production and limited transportation options have created a glut of oil in Western Canada, according to the latest forecast from Deloitte’s … Read more
Oct 5, 2018 by Liam Denning and Nathaniel Bullard (Bloomberg Opinion) The Organization of the Petroleum Exporting Countries has seen the future and — you may want to sit down for this — it involves more cars. Just not as many cars as it was expecting. In its latest World Oil Outlook, published last month, the … Read more
October 5, 2018 Globe Newswire 87.73% of Iron Bridge common shares tendered Velvet Offer for Iron Bridge Resources expires Velvet sets shareholder meeting to approve final acquisition transaction CALGARY, Alberta, Oct. 05, 2018 (GLOBE NEWSWIRE) — Velvet Energy Ltd. (“Velvet”) and Iron Bridge Resources Inc. (TSX: IBR) (“Iron Bridge”) today announced that Velvet’s amended $0.845 per … Read more
Oct 5, 2018 by Stephanie Flanders, Vivian Nereim, Donna Abu-Nasr, Nayla Razzouk, Alaa Shahine and Riad Hamade (Bloomberg) Bloomberg’s Senior Executive Editor for Economics, Stephanie Flanders, and five other Bloomberg journalists spoke to Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud Wednesday night at a royal compound in Riyadh. In the wide-ranging interview, the … Read more
CALGARY — The National Energy Board says it has granted intervener status to 98 applicants for an upcoming hearing to reconsider approval of the Trans Mountain pipeline expansion project.
The NEB says it received 123 applications to participate by the…
TORONTO — Canada’s main stock index and U.S. markets ended down for the week despite strong jobs reports on both sides of the border on mounting concerns that a run of good corporate earnings may end.
The fast pace of the rise in U.S. government bond …
October 5, 2018 The U.S. oil drilling rig count fell for a third consecutive week even though crude prices hit four-year highs this week, as rising costs and pipeline bottlenecks in the nation’s largest oil field have hindered new drilling since June.Drillers cut two oil rigs in the week to Oct. 5, bringing the total … Read more
Canada’s drilling rig count increased by 4 actively drilling rigs according to data collected by Baker Hughes for the week of October 5th. From one week ago, Alberta rig counts increased 16 to 126 and the Saskatchewan rig counts decreased 15 to 33. Oil drilling decreased 3 to 119 and gas drilling increased 7 to … Read more
Oct 5, 2018 by Rakteem Katakey (Bloomberg) Oil is heading for the longest run of weekly gains since January on concern that higher Saudi and Russian output may not prevent a supply crunch as impending U.S. sanctions squeeze Iranian exports. Futures in New York increased 0.3 percent, on course for a fourth weekly gain. Prices … Read more
Oct 5, 2018 by Kevin Orland (Bloomberg) Canadian crude plunged to a record low relative to U.S. crude, hurt by reduced capacity at American refineries and a jump in production from new oil-sands megaprojects that has overwhelmed the nation’s pipeline system. Maintenance work at U.S. refineries over the next six months will lead to stretches … Read more
October 05, 2018 | Source: Precision Drilling Corporation CALGARY, Alberta, Oct. 05, 2018 (GLOBE NEWSWIRE) — (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary … Read more
Oct 5, 2018, by Alexander Kwiatkowski (Bloomberg) The International Energy Agency has a sobering warning about the health of the world’s oceans. The total amount of oceanic plastic waste is likely to more than double by 2030, and then keep getting worse, if action isn’t taken now, according to projections by the Paris-based organization in … Read more
Oct 4, 2018, by Saket Sundria (Bloomberg) Rising oil prices may hurt demand in some of the world’s fastest-growing nations unless producers take steps to boost supplies, according to the International Energy Agency. “I wouldn’t be surprised if we revise our numbers,” Fatih Birol, the executive director of the Paris-based adviser, said in a phone … Read more
Oct 5, 2018, by Lorcan Roche Kelly (Bloomberg) Payrolls Expectations are for employers in the U.S. to have added 185,000 positions in September when the number is published at 8:30 a.m. Eastern Time. That estimate does come with a big caveat. Hurricane Florence is likely to distort the data, which may mute market reaction to a lower-than-forecast … Read more
HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for September 2018 was 1,004, down 4 from the 1,008 counted in August 2018, and up 73 from the 931 counted in September 2017. The international offshore rig count for September 2018 was 204, down 8 from … Read more
CALGARY — Two of Canada’s largest oil and gas contract drilling companies have agreed to combine in a deal worth about $1.03 billion. Under the friendly deal reached by the two Calgary-based companies, Precision Drilling Corp. will buy Trinidad Drilling Ltd. in exchange for shares. Precision will also assume $477 million in debt. If the deal … Read more
HALIFAX — Some see it as a signal of investor confidence in liquefied natural gas megaprojects. Others say it could edge out less competitive LNG proposals in Canada.
Either way, final approval of a massive LNG project in northern British Columbia has…
SASKATOON — The premiers of Saskatchewan and Ontario welcomed another province into their anti-carbon-tax tent on Thursday and said the fight against Ottawa’s plan to put a price on pollution is gaining momentum.
Ontario’s Doug Ford and Scott Moe from…
October 3rd, 2018 – Kore-Optics, a Calgary-based start-up bringing real-time wellbore monitoring through fiber-optic technology, has recently partnered with Vada Capital. Kore-Optics has a highly experienced management team that are passionate about their business as well as the technology that accompanies it. This partnership aligns with Vada’s philosophy that great people build great businesses. “From … Read more
Oct 4, 2018 by David Welch and Elisabeth Behrmann (Bloomberg) In the race to start the world’s first driving business without human drivers, everyone is chasing Alphabet Inc.’s Waymo. The Google sibling has cleared the way to beat its nearest rivals, General Motors Co. and a couple of other players, by at least a year to introduce … Read more
Oct 4, 2018 by Scott Deveau and Katherine Burton (Bloomberg) Highfields Capital Management is in no rush to sell its MEG Energy Corp. stake, instead betting that a bidding war for the Calgary-based oil sands company could erupt amid a C$6.3 billion ($4.9 billion) hostile takeover attempt by Husky Energy Inc. The Boston-based investment firm’s … Read more
October 4, 2018 CNW OTTAWA, Oct. 4, 2018 /CNW/ – The Government of Canada is committed to working and consulting with territorial governments, industry, and Indigenous governments and communities in the North on future decisions on offshore oil and gas development. Today, the Honourable Dominic LeBlanc, Minister of Intergovernmental and Northern Affairs and Internal Trade, and the Honourable Amarjeet Sohi, Minister … Read more
October 4, 2018 Reuters Small Canadian oil producers are striking complex deals with refineries, diversifying production and seeking marketing help as they try to soften the blow from record price discounts on heavy crude generated by pipeline congestion.Unlike integrated companies Suncor Energy and Imperial Oil that have refineries to process their own oil, reserved pipeline space, … Read more
YELLOWKNIFE — The federal government is opening talks with northerners on managing offshore energy exploration in the Canadian Arctic, a move some hope signals a coming relaxation of the current ban on potential development.
“I would hope that’s the c…
Oct 4, 2018 by Grant Smith (Bloomberg) Oil traded near a four-year high as the U.S. urged OPEC to raise production amid growing alarm that American sanctions against Iran will squeeze global markets. West Texas Intermediate futures have climbed 4 percent this week, and remained above $76 a barrel on Thursday. The U.S. State Department … Read more
NEW YORK/LONDON (Reuters) – Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively flat global demand. But the imminent return of U.S. sanctions on Iran and bottlenecks keeping U.S. … Read more
Oct 4, 2018, by Dina Khrennikova, Jack Farchy and Elena Mazneva (Bloomberg) If OPEC is the central bank of oil, then the Trump administration is commanding it to run the printing presses at full speed. The U.S. State Department took the unusual step of issuing a statement on Wednesday asking the cartel to boost production … Read more
Oct 4, 2018, by Lorcan Roche Kelly (Bloomberg) Slump A government bond rout that began yesterday in the Treasury market has gone global, gripping markets from Asia to Europe. The move began yesterday after stronger-than-expected data on the U.S. economy and was bolstered by comments from Fed Chair Jerome Powell in which he said the central … Read more
SASKATOON — Ontario Premier Doug Ford is bringing his anti-carbon tax crusade to Saskatchewan. Ford is to meet with Premier Scott Moe on Thursday to discuss the federal government’s carbon tax plan and the economy. “My friends, I am so excited to tell you I’m heading to Saskatchewan to see my friend Premier Scott Moe … Read more
EDMONTON — Alberta Premier Rachel Notley says she’s not happy with Ottawa’s decision to let stand a court decision that has stalled the Trans Mountain pipeline expansion. The federal government has instead appointed former Supreme Court justice Frank Iacobucci to oversee a new round of consultations with Indigenous communities. Notley says she understands Ottawa’s view that this is … Read more
October 3, 2018 CNW Acquisition comes with over 4,500 equipment listings and new clients including Canadian Natural Resources Limited CALGARY, Oct. 2, 2018 /CNW/ – Today, Fuelled Energy Marketing Inc. (Fuelled), an online energy equipment marketplace platform, announced that it has acquired PNG Equipment Ltd. (PNG) in an all-cash transaction. With the acquisition of PNG, … Read more
October 3, 2018 Reuters A rendering of the proposed liquefied natural gas project in northern B.C. shows the processing terminal in Kitimat. All five primary investors have signed off on the project. (LNG Canada/Flickr) The first major liquefied natural gas (LNG) project to be approved globally in five years will be built in Canada, but … Read more
October 3, 2018 Globe Newswire CALGARY, Alberta, Oct. 03, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company“) (TSX: PPR) is pleased to announce that it has obtained a receipt for its final prospectus (the “Prospectus“) filed in connection with the previously announced revised bought deal short form prospectus offering for total … Read more
October 04, 2018 | Source: Bellatrix Exploration Ltd CALGARY, Alberta, Oct. 04, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that it has entered into an agreement to acquire all the remaining assets earned by Grafton Energy Co I Ltd. (“Grafton”) under the previously announced joint venture arrangement entered into in … Read more
Job Description: Senior Account Executive Reporting To: VP Sales & Client Services Location: Downtown Calgary Role: Works closely with the Vice President of Sales & Client Services developing new client accounts while managing and growing relationships with assigned key clients. This position plays a vital role as a member of the sales and client services team with … Read more
Drillform announces commercial availability of its Bulldog 130 Automated Floor Wrench, an iron roughneck providing operational efficiency, advanced automation, and enhanced performance. “With a dedication to bringing technologically advanced & practical equipment design to the oil & gas industry, our Bulldog 130 Automated Floor Wrench is a premier example of that commitment,” said Drillform President … Read more
Oct 3, 2018 by Natalie Obiko Pearson (Bloomberg) Royal Dutch Shell Plc’s commitment to invest in the largest private-sector project in Canada’s history and a new trade deal with the U.S. and Mexico show the country is open for business again. But neither are likely to help Trans Mountain, the troubled oil pipeline project that … Read more
CALGARY — Alberta’s United Conservative Party has invited Ontario Premier Doug Ford to Calgary for a “Scrap The Carbon Tax Rally.”
The UCP has posted an image on Twitter of its leader Jason Kenney and Ford both beaming at the camera with an arm around…
VICTORIA — The British Columbia government wants to take part in the National Energy Board’s reconsideration of the Trans Mountain pipeline expansion.
Environment Minister George Heyman said Wednesday the government has registered as an intervener in …
OTTAWA — October 1953: The Trans Mountain pipeline begins shipping oil with an initial capacity of 150,000 barrels per day. The project features four pump stations along its 1,150-kilometre route and a marine dock that connects loading facilities on t…
OTTAWA — Indigenous communities are open to a new consultation on the Trans Mountain pipeline expansion, but many are greeting its launch with some caution.
The Liberals said Wednesday that they won’t appeal the August decision from the Federal Court …
DUBAI, United Arab Emirates — President Donald Trump says Saudi Arabia’s king “might not be there for two weeks” without U.S. military support, further increasing his pressure on one of America’s closest Mideast allies over rising oil prices.
As crude…
Oct 3, 2018 by Sharon Cho and Grant Smith (Bloomberg) Oil steadied near the highest level in almost four years as fears of a supply crunch outweighed expectations for an increase in American crude inventories. Futures were trading around $75.50 a barrel in New York, up around 0.4 percent. Supply losses from Iran to Venezuela … Read more
Oct 3, 2018 by Robert Tuttle (Bloomberg) Canadian heavy crude’s discount to West Texas Intermediate futures increased to the widest in almost five years, raising the specter of local oil producers curtailing operations. Western Canadian Select’s discount for November fell $1.25 to $40.75 a barrel Tuesday, the biggest since November 2013, data compiled by Bloomberg … Read more
Oct 3, 2018, by Elena Mazneva, Jack Farchy and Dina Khrennikova (Bloomberg) Saudi Arabia has increased crude production “significantly” to a near-record level amid intense pressure from U.S. President Donald Trump to reduce prices. OPEC’s largest producer is currently pumping about 10.7 million barrels a day, Energy Minister Khalid Al-Falih told reporters in Moscow on … Read more
October 02, 2018 | Source: Macro Enterprises Inc. FORT ST. JOHN, B.C., Oct. 02, 2018 (GLOBE NEWSWIRE) — Macro Enterprises Inc. (TSXV:MCR) (“Company” or “Macro”) is pleased to confirm receipt by TransCanada of an unconditional positive Final Investment Decision (“FID”) from LNG Canada. A positive FID was a required condition in the contract that was executed by … Read more
October 02, 2018 | Source: Blackbird Energy Inc CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) — (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce its financial and operational results for the year ended July 31, 2018. Blackbird’s audited consolidated financial statements, management’s discussion and analysis (“MD&A”), annual information form, and statement of reserves data … Read more
October 02, 2018 | Source: Husky Energy Inc. CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) — Husky Energy Inc. (TSX:HSE) (“Husky” or the “Company”) today announced that it has formally commenced its offer (the “Offer”) to acquire all of the outstanding common shares of MEG Energy Corp. (TSX:MEG) (“MEG”). The notice and advertisement of the Offer appear in … Read more
Strad Changes Financial Reporting Segments to Industrial Matting and Equipment Rentals October 02, 2018 | Source: Strad Energy Services Ltd. CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) — Strad Energy Services Ltd. (“Strad” or the “Company”) (TSX:SDY) today announces it will segment its operations into two new divisions in order to provide increased focus on the significant growth opportunity … Read more
October 03, 2018 | Source: ClearStream Energy Services Inc. CALGARY, Alberta, Oct. 03, 2018 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream”, the “Company” TSX: CSM) announces the following changes to its management team: ClearStream’s Chief Financial Officer, Gary Summach has resigned from the Company but will remain in his position until the release of ClearStream’s third … Read more
Oct 3, 2018, by Lorcan Roche Kelly (Bloomberg) Probe The New York Times published a 15,000 word report saying President Donald Trump received at least $413 million from his father, contradicting Trump’s own claims that he is a self-made billionaire who started with just a $1 million loan. The claims, many of which date back … Read more
By Liz Hampton, Jarrett Renshaw and Devika Krishna Kumar MIDLAND, Texas (Reuters) – The west Texas drillers that drove the shale revolution have overwhelmed the region’s infrastructure with oil production -driving up costs, depressing regional oil prices and slowing the pace of growth. The U.S. government continues to forecast the country’s oil output rising to … Read more
VICTORIA — The prospect of billions of dollars in liquefied natural gas revenues has British Columbia’s government preparing for a political and environmental juggling act as Premier John Horgan attempts to hold together his minority government while …
Oct 2, 2018 by Rachel Adams-Heard and Ryan Collins (Bloomberg) An export terminal on Canada’s west coast may eventually rescue one of the cheapest markets for natural gas in North America — so cheap that sometimes the fuel price falls below zero. Royal Dutch Shell Plc and its four partners have agreed to invest in … Read more
Take a journey over the LNG Canada site in Kitimat to see what the project will look like at full build out.
Oct 2, 2018 by Kevin Orland and Natalie Obiko Pearson (Bloomberg) While the LNG Canada facility that was greenlighted Tuesday won’t be operating for years, the battered Canadian energy industry is already hoping that it will be the first of many such plants on the country’s Pacific Coast. “If you get one plant through, you’ll … Read more
EnergyNow contributor Dave Yager, Oilfield Services Executive Advisory – Energy Policy Analyst talks to Danielle Smith about LNG Canada
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MNP and Miller Thomson are glad you will join us for this dynamic presentation on the state of Canada’s energy industry and where it is headed. Obtain a macro view of current and future economic conditions from keynote speaker and veteran oil and gas insider David Yager, then tap into the inside track from … Read more
October 2, 2018 Reuters The Canadian heavy oil differential widened against the West Texas Intermediate (WTI) benchmark on Tuesday:Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, settled at $42 a barrel below the WTI benchmark crude futures , compared with Monday’s settle of $39.50, according to Shorcan Energy brokers. Friday’s settle … Read more
October 2, 2018 CALGARY, Oct. 2, 2018 /PRNewswire/ – Black Swan Energy Ltd. (“Black Swan”) is pleased to announce that it has completed the previously announced joint venture arrangement with AltaGas Ltd. (together with its subsidiaries, “AltaGas”) whereby AltaGas has acquired 50% ownership in certain existing and future natural gas processing plants of Black Swan. In addition, AltaGas … Read more
CALGARY — The Alberta Energy Regulator says it’s no longer considering holding a public hearing for a new oilsands project after an Indigenous community reached a deal with the proponent, Imperial Oil.
In a notice on its website, the AER says it doesn…
October 2, 2018 The Canadian Press CALGARY – The approval of Canada’s first LNG export terminal is expected to boost investor confidence in Canada’s natural gas sector, industry observers say. But LNG Canada’s ability to provide a new market for Western Canadian natural gas and thus support severely depressed prices won’t be seen until the facility … Read more
CALGARY — The approval of Canada’s first LNG export terminal is expected to boost investor confidence in Western Canada’s natural gas sector.
But the LNG Canada project’s ability to provide a new market for natural gas and thus support depressed price…
October 2, 2018 Rueters U.S. East Coast oil refiners are ramping up rail deliveries of crude from Western Canada, grabbing stranded barrels that full pipelines have driven to a record discount.That trend is expected to accelerate, as prices will remain weak, with no new Canadian export pipelines expected until late 2019. Rail volumes from Canada to … Read more
Pipeline to proceed following sanctioning of LNG Canada facility CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that it will proceed with construction of the Coastal GasLink pipeline project (Coastal GasLink) after a decision to sanction the LNG Canada natural gas liquefaction facility in Kitimat, … Read more
October 01, 2018 | Source: Encana Corporation CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) — Encana Corporation (Encana) (TSX, NYSE: ECA), announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its San Juan assets, located in New Mexico for US$480 million to Denver-based DJR Energy, LLC. “This transaction … Read more
October 01, 2018 | Source: Blackbird Energy Inc CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) — (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement by issuing 16.0 million common shares (“Shares“) on a “flow-through” basis in respect of Canadian Exploration … Read more
October 02, 2018 | Source: InPlay Oil Corp. CALGARY, Alberta, Oct. 02, 2018 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company“) is pleased to announce that it has successfully closed its previously announced strategic disposition of certain non-core oil and gas properties in the west Pembina area of Alberta for cash … Read more
Oct 2, 2018, by Lorcan Roche Kelly (Bloomberg) Standing firm Deputy Prime Minister Luigi Di Maio said the Italian government will not retreat by even a “millimeter” (0.04 inches) from its 2.4 percent budget deficit target. His comments come after euro-area finance ministers gave the proposal a cool reception at a meeting yesterday, with head of … Read more
By Amanda Cooper and Dmitry Zhdannikov LONDON (Reuters) – In the oil market, balance is a difficult game. Calculating whether the 100 million barrel per day world market is likely in the months ahead to have a surplus or deficit of supply, or be balanced, where supply equals demand, is never simple. Projections must take … Read more
OTTAWA — After more than a year of talks, Canada finalized a revamped free-trade deal with the United States and Mexico. The new deal, dubbed the U.S.-Mexico-Canada Agreement, or USMCA, will replace the North American Free Trade Agreement. Here are some key elements of the new deal: GETTING MILKED: Trump frequently railed against Canada’s dairy industry throughout … Read more
Midstream customer remotely monitors work at facilities through Osprey Reach, which detects and reports on safety compliance issues and inaccurate hourly invoicing, resulting in a 30% billing reduction. A mid-size North American pipeline company was seeking a cost-effective way to monitor work at remote and lightly or completely unstaffed sites. The customer has a strong … Read more
VANCOUVER — Investors have given final approval for a massive liquefied national gas project in northern British Columbia.
The five partners have agreed to the $40-billion joint venture that includes a gas liquefaction plant in Kitimat on B.C.’s coast…
CALGARY, AB (October 1, 2018) – The Petroleum Services Association of Canada (PSAC) announces the resignation of interim President and CEO Tom Whalen, effective November 2, 2018. PSAC will intensify the search for a new President and CEO with a decision to be made within weeks. The petroleum services, supply and manufacturing sectors are looking … Read more
October 1, 2018 Reuters NEW YORK (Reuters) – Oil futures jumped on Monday, reaching the highest levels since November 2014, as U.S. sanctions on Iran come into force and a North American trade deal fosters growth. U.S. light crude futures were up $1.48 at $74.73 a barrel, after touching $74.89, the highest in nearly four years.The … Read more
TORONTO — The price of oil hit a four-year high and the Canadian dollar rose to its highest level since May on Monday, but the reaction in North American markets to a tentative trade deal to replace NAFTA was pretty subdued.
After rising sharply in ea…
Environmental groups say a new trade deal between the United States, Canada and Mexico continues to coddle a fossil fuel economy that needs to shift in the face of climate change.
“(Prime Minister Justin) Trudeau went into (these talks) saying we’re g…
Oct 1, 2018 by Kevin Orland (Bloomberg) Husky Energy Inc.’’s C$3.3 billion ($2.6 billion) hostile bid for MEG Energy Corp. may start a bidding war for the oil-sands company, possibly drawing in other Canadian energy giants. MEG rose as much as 46 percent to C$11.70 in Toronto on Monday, above Husky’s per-share offer price of … Read more
OTTAWA — Canada gave up some access to its dairy, egg and poultry industries but will keep its agricultural supply management system and avoid punishing auto tariffs under the new North American trade deal.
Prime Minister Justin Trudeau hailed the lan…
CALGARY — Financial analysts say Husky Energy Inc. will likely have to sweeten its $3.3-billion hostile takeover bid for fellow Calgary oilsands producer MEG Energy Corp., although they concede there are few white knights that are big enough to ride t…
October 1, 2018 Globe Newswire CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the commencement of development for our Pipestone South block of land. NuVista would like to confirm we have received internal board approval as well as regulatory approval from the Alberta Energy … Read more
October 1, 20186:38 AM CNW Definitive Agreement with TransAlta Corporation for intra-Alberta pipeline Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) announces today that it and TransAlta Corporation (“TransAlta“) have executed definitive agreements (the “Definitive Agreements“) for the construction, operation and tolls payable with respect to the previously announced pipeline connecting Tidewater’s Brazeau River Complex to … Read more
October 1, 2018 Globe Newswire CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces that the September 2018 monthly cash dividend will be $0.0125 per share which will be paid on October 31, 2018. The record date for the dividend is October 15, 2018 and the ex-dividend … Read more
October 1, 2018 Globe Newswire CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) — Encana Corporation (Encana) (TSX, NYSE: ECA), announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its San Juan assets, located in New Mexico for US$480 million to Denver-based DJR Energy, LLC. “This transaction is … Read more
CALGARY — Encana Corp. has an agreement to sell its San Juan assets in New Mexico to a Denver-based company for nearly $615 million.
The Calgary-based oil and gas producer’s San Juan assets include lands that produce the equivalent of 5,400 barrels pe…
Oct 1, 2018 by Kathleen Hunter (Bloomberg) Want to receive this post in your inbox every day? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. Justin Trudeau is on a roll. In less than 12 hours, the Canadian prime minister scored the most significant economic wins of his political career: a new trilateral trade … Read more
Oct 1, 2018 by Katherine Greifeld, Masaki Kondo and Jacob Bourne (Bloomberg) The Canadian dollar reached its strongest level in four months as the nation joined the U.S. and Mexico in a trade deal to replace the North American Free Trade Agreement. The loonie appreciated about 0.8 percent and touched as strong as C$1.2787 against … Read more
Sep 30, 2018 by Enda Curran and Michelle Jamrisko (Bloomberg) Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy. Exporters of the fuel would enjoy bumper returns, giving a fillip to companies and government coffers. By … Read more
Oct 1, 2018, by Lorcan Roche Kelly and Sid Verma (Bloomberg) Not Nafta U.S. and Canadian negotiators secured agreement on a successor to the North American Free Trade Agreement ahead of a deadline at midnight yesterday. The new deal, which will be called the U.S.-Mexico-Canada Agreement, or USMCA, has few surprises in the details, and could be … Read more
The site was redesigned with the user experience in mind. We have streamlined menus, simplified navigation, built a responsive layout for all platforms and provide more relevant resources and information on our products and services. We encourage everyone to visit and explore our new site, discovering the full spectrum of all our services, such as … Read more
The Business Essentials program will challenge you to think like an executive as you explore the rigorous methods and theories in leadership, strategy, finance, operations, human resources and marketing. This program will allow you to work with industry leaders, business peers and Haskayne’s most experienced faculty to develop an understanding of key issues which are transforming … Read more
Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary Last year I stopped offering my most profitable service. As William Faulkner would have said, I killed one of my “darlings.” In working with businesses of all sizes a common challenge for leaders is failing to … Read more
MILWAUKEE, Wis. (September 25, 2018) — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced today the launch of ToughStripe Max Floor Marking Tape. This new floor marking tape is ideal for high-traffic areas where sliding or dragging forces often occur. “ToughStripe Max floor marking tape offers greater thickness that … Read more
Transaction confirms Cortex’s growth strategy and commitment to adding value for its stakeholders CALGARY, ALBERTA – September 28, 2018 – Cortex Business Solutions Inc. (“Cortex”) (TSXV: CBX), a North American network-as-a-service e-invoicing solutions provider, today announces it has entered into a share purchase agreement (the “Purchase Agreement”) with the shareholders of Powervision Software Inc. (“Powervision”), … Read more
Once a week (it seems), someone asks me how they can transition their oil and gas career into digital. As a public service, here’s my thinking on this problem. THE CAREER CRISIS IN OIL AND GAS I get why people in oil and gas want to transition their careers. The upturn in prices has not translated into more jobs or industrial expansion the way it used … Read more
Sep 30, 2018 by David Wethe (Bloomberg) America’s fastest-growing source of energy has a power problem. The Permian Basin, which produces almost 4 million barrels of oil a day, has expanded so quickly that suppliers of the electricity needed to keep wells running are struggling to keep up. The Delaware portion alone consumed the equivalent … Read more
Sep 30, 2018 by Jenny Leonard, Josh Wingrove, Jennifer Jacobs and Andrew Mayeda (Bloomberg) The U.S. and Canada agreed to a trade deal with Mexico, setting the stage for their leaders to sign the accord by late November in a region that trades more than $1 trillion annually. The three countries reached an agreement to … Read more
Sep 30, 2018 by Elffie Chew, Stephen Stapczynski and Natalie Obiko Pearson (Bloomberg) Royal Dutch Shell Plc and its four partners have agreed to invest in a mult-ibillion-dollar liquefied natural gas project in western Canada — the largest new one of its kind in years that would carve out the fastest route to Asia for … Read more
Canadian oil and gas producer Husky Energy Inc said on Sunday it has offered to acquire rival MEG Energy Corp in a deal valued at C$6.4 billion (USD $5 billion) including debt. The combined company will have total production of more than 410,000 barrels of oil equivalent per day (boepd) and refining and upgrading capacity … Read more
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COMMENTARY: Canadians Should Decide What to do With Their Money – Not Politicians and Bureaucrats