FORT ST. JOHN, B.C. — The British Columbia Oil and Gas Commission is investigating a series of earthquakes that one expert says were very likely caused by hydraulic fracturing, a fuel extraction process also known as fracking.
Earthquakes Canada repor…
November 30, 2018 U.S. energy firms this week added oil rigs for a third week in four and increased the rig count for the fifth month in a row, even though oil prices this week fell to their lowest since October 2017.Drillers added two oil rigs in the week to Nov. 30, bringing the total … Read more
SQUAMISH, B.C. — The Squamish Nation has approved economic benefit agreements for Woodfibre LNG, a project worth up to $1.8 billion in British Columbia’s Howe Sound.
The approval of the agreements by an eight to six vote means the First Nation could r…
EDMONTON — Alberta’s finance minister says the widening gap in the price Canadian oil is fetching won’t affect this year’s budget, but if left unchecked will mean hard times ahead.
Joe Ceci released the province’s second-quarter update for this year’s…
David Yager, EnergyNow Contributor, Oilfield Services Executive Advisory & Energy Policy Analyst, talks extensively with Danielle Smith about the current oil mess. David starts at about 6:45 minutes. The issues include buying rail cars and shutting in production to understanding the current price differential. Also talked about is a review of what Edmonton and Ottawa did … Read more
November 30, 2018 Globe Newswire CALGARY, Alberta, Nov. 30, 2018 (GLOBE NEWSWIRE) — The Board of Directors of Husky Energy (TSX:HSE) has announced the appointment of Jeff Hart as Chief Financial Officer (CFO). “Jeff is already an integral member of our executive management team, having served as our Acting CFO since April 2018, and has extensive … Read more
November 30, 2018 CNW CALGARY, Nov. 30, 2018 /CNW/ – Vermilion Energy Inc. (“Vermilion”) (TSX, NYSE: VET) is pleased to announce the completion of the sale of Shell Overseas Holdings Limited’s (“Shell”) 45% interest in the Corrib Natural Gas Project in Ireland (“Corrib”) to Nephin Energy Holdings Limited (NEHL), a wholly owned subsidiary of Canada Pension Plan Investment Board (CPPIB), … Read more
November 29, 2018 Globe Newswire CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) — Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its interim financial results and Management Discussion and Analysis (“MD&A”) for the three and nine month periods ended September 30, 2018. In addition, CSRI announces that it has granted, effective November … Read more
CALGARY — Vermilion Energy Inc. says it’s now the operator of the Corrib natural gas project in Ireland on behalf of partners that include a subsidiary of the Canada Pension Plan Investment Board and Norway’s Equinor.
The CPPIB’s Nephin Energy Holding…
FREDERICTON — New Brunswick Premier Blaine Higgs says his government will change regulations to allow limited shale gas development — and could have it done before the end of the year.
The Tories’ throne speech passed 25-23 in the legislature Friday, …
November 30, 20186:30 AM Accesswire CALGARY, AB / ACCESSWIRE / November 30, 2018 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma“) is pleased to announce that it has closed a previously announced agreement to sell a minor interest in a gas property. The sale price of the non-core disposition is approximately $350,000 … Read more
November 30, 2018 Globe Newswire CALGARY, Alberta, Nov. 30, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that it has closed the previously announced acquisition of complementary assets from POSCO DAEWOO E&P Canada Corporation (“Daewoo”). The acquired assets are located in Bellatrix’s core Ferrier area of west central Alberta … Read more
Our guest speakers will challenge you to rethink how your brand connects and communicates with customers and prospects. You’ll gain fresh perspectives on how to grow your business by networking, branding, and marketing differently. Check-out: https://www.eventbrite.ca/e/the-business-of-thinking-differently-tickets-52297221397 Join us at the ATB Branch for Arts and Culture for an insightful discussion over breakfast that will … Read more
LONDON (Reuters) – Oil toiled at a more than one-year low after its worst month in a decade on Friday, while most major markets were keeping moves tight ahead of a weekend meeting between U.S. and Chinese presidents Donald Trump and Xi Jinping. Europe’s main share indexes in London, Frankfurt and Paris all started their … Read more
Nov 30, 2018 by Alex Longley and Heesu Lee (Bloomberg) Oil headed for its biggest monthly decline since 2008 as Russia reiterated it’s comfortable with current prices, just a week before it meets with OPEC in Vienna to discuss possible production curbs. Futures in New York pared earlier gains to fall as much as 1.8 … Read more
BUENOS AIRES (Reuters) – U.S. President Donald Trump, Canada’s Prime Minister Justin Trudeau and Mexico’s President Enrique Pena Nieto signed a new trade agreement on Friday known as the United States-Mexico-Canada Agreement (USMCA). Before he signed, Trudeau told Trump the two needed to keep working together to remove tariffs on steel and aluminum. Reporting by … Read more
Nov 30, 2018, by Javier Blas (Bloomberg) The choice facing Saudi Arabia at next week’s OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up its economy. For Mohammed bin Salman, the kingdom’s crown prince and day-to-day ruler, the dilemma has been sharpened by the … Read more
Nov 29, 2018, by Jennifer A. Dlouhy (Bloomberg) The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters, despite protests that the geological tests involve loud air gun blasts that will harm whales, dolphins and other animals. The National Marine Fisheries Service is set … Read more
Nov 30, 2018, by Samuel Potter (Bloomberg) Bad banks? Brace yourselves, because Five Things is about to kick off with something that isn’t Trump or trade. The Federal Reserve is ramping up its investigation into how Goldman Sachs Group Inc. executives dodged the bank’s internal controls while helping Malaysian authorities raise billions of dollars that … Read more
(Reuters) – Oil analysts are increasingly pessimistic about the prospect of a price rally next year, when the outlook for demand is uncertain and supply is growing at breakneck speed, even though the market expects OPEC to cut output, a Reuters poll showed. A survey of 38 economists and analysts forecast Brent crude LCOc1 to … Read more
WINNIPEG/TORONTO, Nov 29 (Reuters) – Depressed Canadian oil prices are forcing energy companies to use their shares as a currency to fund acquisitions, but investors have been hard to win over to the strategy. Unusually large price discounts for Canadian crude, due to clogged pipelines, and faltering global prices have made growth hard to realize. … Read more
Nov 29, 2018, by Erik Hertzberg and Greg Quinn (Bloomberg) The highest spending in almost two years by foreign mining and energy companies was the big driver of a recent increase in investment into Canada. Foreign direct investment, which includes building new production sites or buying stakes in companies, rose to C$10.8 billion ($8.1 billion) … Read more
Nov 29, 2018, by Danielle Bochove and Theophilos Argitis (Bloomberg) Ontario plans to cut carbon gas emissions by 30 percent from 2005 levels by 2030, setting reduction targets for industries and encouraging private investments in clean technologies. Large industrial emitters will be required to demonstrate compliance on a regular basis and the program may include … Read more
Nov 29, 2018, by Kevin Orland and Kristine Owram (Bloomberg) Alberta Premier Rachel Notley reiterated her call for Canadians to support new oil pipelines and improve two energy bills at a speech in Toronto, but made no mention of whether she’ll mandate crude-production cuts. Suffering from record-low prices because of a supply glut, many producers … Read more
FREDERICTON — The New Brunswick government has filed a notice of intervention in Saskatchewan’s court challenge of the federal government’s carbon pricing plan.
Saskatchewan’s government has asked its Court of Appeal to rule on whether the federal pla…
TORONTO — Alberta needs to buy as many as 7,000 railcars if it wants to be able to meet its goal of shipping an additional 120,000 barrels of oil a day, says Premier Rachel Notley.
In a speech to the Toronto Board of Trade, Notley says her province is…
EnergyNow is pleased to publish this commentary by Deidra Garyk, who works in the Canadian energy industry. If you agree with Deidra please share her letter on your own social media channels. We must keep up our collective voice to make sure the majority of Canadians are heard. Pipelines are vital to getting a competitive … Read more
REGINA — The Saskatchewan deficit grew over the last quarter and the finance minister says fluctuations in the discounted price of Canadian oil has her concerned.
While oil prices were higher earlier in the year, they have been on a downward trend in…
Canada’s perception of the oil and gas industry is at an all time low, particularly among young adults. Lucas used to share the same feelings as his peers about the industry. Debunk’s latest production follows Lucas as he explains what shaped his negative perceptions about oil and gas and how his mind completely changed since … Read more
Nov 29, 2018 by Alex Longley (Bloomberg) Oil rose to trade near $51 a barrel in New York, erasing an earlier loss, after a report that Russia accepts the need to cut production in conjunction with OPEC. All eyes are on this weekend’s G-20 summit in Argentina, where Russia’s Vladimir Putin and Saudi Arabia’s Mohammed … Read more
Nov 28, 2018 by Robert Tuttle (Bloomberg) Canada’s lingering crude glut isn’t hindering the country’s growing oil output, according to the National Energy Board’s most recent forecast. The country’s oil production will average 4.59 million barrels a day this year, 22,000 more than previously forecast, data from the Canadian energy regulator show. The raised production … Read more
November 28, 2018 CALGARY, Nov. 28, 2018 /CNW/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) announces that given the timing of the G20 and OPEC meetings in December and continued crude oil price volatility, it will be deferring the release of its 2019 budget previously scheduled for Wednesday, December 5, 2018, until further notice. About Whitecap Whitecap Resources Inc. … Read more
November 28, 2018 The Canadian Press CALGARY – Credit rating agency DBRS Ltd. is warning that some of the big Canadian oil and gas companies it covers could face downgrades in their credit scores if current steep price discounts for their products continue. Such rating cuts could affect the companies’ ability to access credit to fund … Read more
Lindbergh On Track to Exit 2019 at 19,000 Barrels Per Day with November Month-to-Date Production That Has Averaged an Estimated 18,700 Barrels Per Day CALGARY, Alberta, Nov. 29, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported the realized pricing and differentials for Lindbergh diluted bitumen (“Dilbit”) for the months of October … Read more
LONDON (Thomson Reuters Foundation) – Rising heat and wilder weather linked to climate change make it “the biggest global health threat of the 21st century”, with hundreds of millions more people already suffering in the last two decades, medical officials warned Wednesday. In a hard-hitting report published by The Lancet medical journal, scientists and health … Read more
LONDON (Reuters) – When countries gather on Sunday to hammer out how they will enact pledges to cut carbon emissions, a Norwegian-led oil consortium will offer a solution: pump some of your excess carbon dioxide to us and we could store it for you. Environmentalists worry the costly technology, known as carbon capture and storage … Read more
Nov 29, 2018, by Meghan L. O’Sullivan (Bloomberg Opinion) Some of us are starting to associate turkey with low oil prices. Just four years ago, on Thanksgiving Day in 2014, OPEC held a meeting in Vienna, the outcome of which set off a dramatic slide in oil prices. The price of Brent crude dropped $6 … Read more
Nov 29, 2018, by Lorcan Roche Kelly (Bloomberg) Markets see a dove Two words from Federal Reserve Chairman Jerome Powell yesterday turned markets around. When he said interest rates are “just below” estimates of the so-called neutral level, investors viewed that as a signal there would be fewer rate hikes in 2019, and reacted accordingly. Add some … Read more
CALGARY — Bonterra Energy Corp. is slashing its monthly dividend to a penny per share due to the drop in oil prices.
The energy company says the new rate will apply to its November dividend which is payable on Dec. 31.
Bonterra had been paying a month…
(Reuters) – U.S. crude oil stockpiles rose for a 10th week in a row last week even as refineries boosted output and exports increased, the Energy Information Administration said on Wednesday. Crude inventories rose 3.6 million barrels in the week to Nov. 23, compared with analysts’ expectations for an increase of 769,000 barrels. After falling … Read more
LONDON (Reuters) – LNG Canada, the $30 billion liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petronas signed an initial sales deal with trading house Vitol. Royal Dutch Shell decided in October to construct the export terminal. It was the first major investment decision in a new North American LNG … Read more
Nov 28, 2018, by Kevin Crowley (Bloomberg) Shale explorers will likely cut spending budgets next year for the first time since the last price crash as crude spirals down again, analysts said. U.S. benchmark oil prices have dropped by more than a third from an Oct. 3 high, the largest percentage decline since early 2016. … Read more
Nov 29, 2018, by Theophilos Argitis (Bloomberg) Turmoil in Canada’s two largest export sectors threatens to undermine the country’s so-far-so-good economic expansion. General Motors Co.’s announcement Monday that it plans to pull production from its plant in Oshawa, east of Toronto, raises concern about the auto industry’s viability in Canada. It came on the heels … Read more
On Wednesday, November 28th, Startech Business Systems Ltd. was joined by several of our valued clients, vendors and friends for our very first Cyber security information session. Jason Maynard, Cisco We were privileged to be joined by Jason Maynard, Senior Consulting System Engineer Cybersecurity at Cisco, who presented and spoke about various attack types and … Read more
Canada is open for business! Shell, Petronas, Mitsubishi and Kogas are involved in the largest private-sector infrastructure project in Canada’s history, the Kitimat project. Earlier this month lmperial Oil (majority-owned by Exxon Mobil) announced it is going ahead with its $2.6 billion Aspen oilsands project, the first new oilsands development to be approved since 2013. Who’ll … Read more
OTTAWA — Alberta Premier Rachel Notley says her government will buy its own rail cars to transport more oil to market.
She says her province wanted co-operation from the federal government to buy them, but with Alberta oil prices just about at record …
FREDERICTON — The potential for New Brunswick’s new Tory government to partially lift a province-wide moratorium on fracking for natural gas should be known within days.
The issue has been a contentious one, with much political jousting as the new Tor…
by Maureen McCall What a difference five days makes. When Prime Minister Justin Trudeau spoke last week in Calgary, he framed the Oil and Gas sector crisis and the unprecedented price differential for WCS oil as an Alberta problem. “There is no question that folks in Alberta, folks here in Calgary, are living through extremely … Read more
TORONTO — Alimentation Couche-Tard is keeping an eye on its policies around “lower risk” smoking products after controversial flavoured e-cigarette maker Juul Labs yanked mango, fruit and cucumber flavoured pods from U.S. shelves in a bid to reduce th…
Conservative leader Andrew Scheer sits down with Financial Post’s Larysa Harapyn to discuss the road to the 2019 federal elections, sharing his plan to address Canada’s immigration targets, his stance on being compared to leaders like Stephen Harper and Jason Kenney, and what he thinks will the biggest issue talked about within the Canadian economy … Read more
MEDIA, PENNSYLVANIA (Reuters) – Energy Transfer LP (ET.N) and its Sunoco pipeline subsidiary have racked up more than 800 state and federal permit violations while racing to build two of the nation’s largest natural gas pipelines, according to a Reuters analysis of government data and regulatory records. The pipelines, known as Energy Transfer Rover and … Read more
Nov 28, 2018 by Henry Meyer and Andrey Biryukov (Bloomberg) Russian President Vladimir Putin said current oil prices around $60 a barrel are “absolutely fine” for his country, adding that Moscow is ready if needed to work with OPEC on stabilizing the market after a major drop. Two weeks ago, Putin said a level of … Read more
Calgary, Alberta–(Newsfile Corp. – November 28, 2018) – LEUCROTTA EXPLORATION INC. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased production 7% to 3,342 boe/d in Q3 2018 from 3,123 … Read more
November 27, 2018 The Canadian Press CALGARY – Ensign Energy Services Inc. says it will take control of Trinidad Drilling Ltd. after acquiring a majority of the company’s shares by its Tuesday deadline. The Calgary-based drilling company says 56.38 per cent of Trinidad shares have been tendered. The 154.1 million shares are in addition to the … Read more
Nov 28, 2018, by Robert Tuttle (Bloomberg) Canada’s lingering crude glut isn’t hindering the country’s growing oil output, according to the National Energy Board’s most recent forecast. The country’s oil production will average 4.59 million barrels a day, 22,000 more than previously forecast, data from the Canadian energy regulator show. The raised production outlook comes … Read more
Nov 28, 2018, by Lorcan Roche Kelly (Bloomberg) Powell-less President Donald Trump upped the ante in his long-running grumbling about Federal Reserve Chair Jerome Powell’s interest-rate policy. In an interview with the Washington Post, he said he is “not even a little bit happy” with his choice to lead the central bank. Treasury Secretary Steven Mnuchin has … Read more
November 27, 2018 TransCanada Corp has asked a Montana court to allow it to resume pre-construction activities on its Keystone XL oil pipeline after a U.S. judge blocked construction on the $8 billion project earlier this month.The Calgary, Alberta-based company has temporarily halted all pre-construction work in the United States on the pipeline project as … Read more
CALGARY — Hundreds of protesters chanting “Build that pipe now” jammed a downtown Calgary street for the second time in five days on Tuesday, this time to mark a speech by federal Finance Minister Bill Morneau.
Organizer James Robson with the Canada A…
Remember CD-ROMs? How about installation procedures that should have started with, “Do you have 6 hours for this?”, and frequent new versions that produced compatibility nightmares. Thankfully, technology is always moving toward efficiencies. At the personal consumer level, programs that were once only available on a disc, such as antivirus software and word processors, are … Read more
Factors Western is a family owned factoring company that has been operating in Calgary since 1985. We pride ourselves on listening to what our clients are asking us for and customizing a program that will work for their business. The cost of factoring your receivables can grow when your clients take a long time to … Read more
Nov 27, 2018, by Kevin Orland (Bloomberg) The Canadian energy industry may not be popping champagne just yet, but a rebound in local crude prices may offer some reasons for hope. With producers like Cenovus Energy Inc. shipping more oil by rail and U.S. refineries starting back up after a heavy maintenance season, Canadian crude … Read more
CALGARY — Precision Drilling Corp. says it is entitled to a $20-million break fee after Ensign Energy Services Inc. announced Tuesday that it will take control of Trinidad Drilling Ltd. by acquiring a majority of Trinidad’s shares.
Calgary-based Preci…
Nov 27, 2018, by Doug Alexander (Bloomberg) Bank of Nova Scotia, the biggest Canadian lender to oil and gas companies, has been reducing risk in its portfolio and doesn’t expect a major fall out from slumping prices. “We feel very proud of the names that we bank,” Dieter Jentsch, the executive who’s overseen much of … Read more
MEXICO CITY — Mexico’s state-owned oil company says studies on the 70-year-old Ixachi field in southern Veracruz state indicates it holds a whopping one billion barrels of proven, probable and possible reserves.
That would boost what are known as Mexi…
LAVAL, Que. — Alimentation Couche-Tard Inc. beat expectations as its net earnings rose nine per cent in its most recent quarter thanks in part to acquisitions and lower taxes.
The Quebec-based retailer, which reports in U.S. dollars, says its net earn…
Nov 27, 2018 by Kevin Orland (Bloomberg) — The Canadian energy industry may not be popping champagne just yet, but a rebound in local crude prices may offer some reasons for hope. With producers like Cenovus Energy Inc. shipping more oil by rail and U.S. refineries starting back up after a heavy maintenance season, Canadian … Read more
November 27, 2018 Globe Newswire CALGARY, Alberta, Nov. 27, 2018 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) (TSX:PD; NYSE:PDS) today announced that it has terminated the arrangement agreement (the “Arrangement Agreement”) dated October 5, 2018 with Trinidad Drilling Ltd. (“Trinidad”) following the announcement by Ensign Energy Services Inc. that it had taken up 56.38% of the … Read more
November 27, 2018 | Source: Marksmen Energy CALGARY, Alberta, Nov. 27, 2018 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) and its wholly owned subsidiary Marksmen Energy USA, Inc. announces financial results for the three and nine months ended September 30, 2018. The following documents have been filed on SEDAR: Financial Statements Management’s Discussion and Analysis … Read more
November 26, 2018 PR Newswire CALGARY, Nov. 26, 2018 /PRNewswire/ – Crimson Energy Ltd. (“Crimson“) reports that it has filed an updated Early Warning Report in accordance with the requirements of applicable securities laws in respect of its shareholdings of Pulse Oil Corp. (TSX Venture Exchange: PUL) (“Pulse“). Crimson is a corporation existing under the Business Corporations Act (Alberta). Crimson’s … Read more
TIRED OF ALL TALK NO ACTION? Mad about the lack of action on pipelines? Outraged that we are unnecessarily losing billions of dollars that we need to pay for our health, education, social, environmental and infrastructure programs? Frustrated that instead of pride and support for our energy sector and the immeasurable benefits it brings Canadians, … Read more
November 26, 2018 Globe Newswire CALGARY, Alberta, Nov. 26, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that it has entered into a definitive agreement to acquire complementary assets within its core Ferrier area of west central Alberta from POSCO Daewoo E&P Canada Corporation (“Daewoo”) for total consideration of … Read more
November 26, 2018 CNW CALGARY, Nov. 26, 2018 /CNW/ – Connacher Oil and Gas Limited (“Connacher” or the “Company”) announces its financial and operating results for the three and nine months ended September 30, 2018 (“Q3 2018”) (all amounts are in Canadian dollars unless otherwise noted). Q3 2018 Highlights Financial Q3 2018 and YTD 2018 revenue, net of royalties, totaled $58.8 … Read more
LONDON (Reuters) – Oil prices steadied on Tuesday, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Benchmark North Sea Brent crude oil LCOc1 was unchanged at $60.48 a barrel by 1225 GMT, not far above a 13-month low of $58.41 … Read more
Nov 27, 2018, by Grant Smith and Dina Khrennikova (Bloomberg) The most powerful partnership in the global oil market, which rescued the industry from a deep slump, faces its toughest test yet. Crude has collapsed by more than 30 percent and Saudi Arabia is urging Russia to collaborate in cutting production again. Their alliance successfully … Read more
Nov 27, 2018, by Samuel Potter (Bloomberg) Quadrupling down What can be said about the trade war that hasn’t already been said? Not much, if we’re honest, but that doesn’t stop people saying it. As the markets count down to a possibly pivotal, possibly inconclusive meeting between President Donald Trump and his counterpart Xi Jinping at the … Read more
NEW YORK (Thomson Reuters Foundation) – A mobile application launched in dozens of U.S. and Canadian cities on Monday measures the planet-warming greenhouse gas emissions of inner-city travel, its creators said, letting concerned commuters map their so-called carbon footprints. Mapping app Cowlines can suggest the most efficient route as well which uses the least fuel, … Read more
Nov 26, 2018, by Enda Curran and Michelle Jamrisko (Bloomberg) Just a couple of months ago, major oil trading houses were predicting the return of $100 crude. Now, with oil prices at half that level, here’s a look at what the slump means for the world economy. Energy importers like India and South Africa will … Read more
VICTORIA — Protection of salmon, animals and the land in the Fraser Valley of British Columbia is an eternal responsibility of First Nations and the expansion of the Trans Mountain pipeline poses risks that could harm the homes and culture of Aborigin…
Algorithms, a kind of artificial intelligence, are going to struggle to get off the ground in oil and gas. Here’s why, and what management can do to give AI wings. MY FIRST ALGORITHM I remember watching my Dad at work when I was growing up. He was a math wizz and correctly tallied up long columns of numbers in his head. … Read more
November 26, 2018 PR Newswire CALGARY, Nov. 26, 2018 /PRNewswire/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) announced two Queenstown wells to be drilled and regulatory transfers for key Bigoray well reactivations have been received. Bigoray: As previously announced on October 12, 2018, Pulse had sought regulatory approval to transfer one Bigoray well from the Orphan Well Association (“OWA”) and … Read more
November 26, 2018 Globe Newswire CALGARY, Alberta, Nov. 26, 2018 (GLOBE NEWSWIRE) — (TSX-V: BBI) Blackbird Energy Inc. (“Blackbird” or the “Company“) is pleased to announce the filing of its notice of meeting and management information circular (the “Circular“) and related proxy materials for the special shareholders’ meeting (the “Meeting“) to be held on December 19, 2018 in … Read more
CARACAS, Venezuela — Venezuela will hold onto its U.S.-based Citgo refineries, settling a lawsuit that threw ownership of the struggling country’s prized assets into peril.
Court papers show that Venezuela on Friday began paying off $1.4 billion that …
Exclusive Event! November 28th – Petroleum Club 5:30-8:30 pm Join us for our Inaugural WHISKEY TASTING & SILENT AUCTION in conjunction with the World of Whiskey and The Petroleum Club! Dare to be Bold and Come Sip with Us as we learn about 6 different whiskeys paired with incredible appies, music and mingling all while supporting our CHARITY PARTNER, The … Read more
November 26, 2018 Source: Strad Energy Services Ltd. CALGARY, Alberta , Nov. 26, 2018 (GLOBE NEWSWIRE) — Strad Energy Services Ltd. (“Strad” or the “Company”) (TSX:SDY) today announced that the Toronto Stock Exchange (“TSX“) has accepted Strad’s notice of intention to commence a normal course issuer bid (the “NCIB“). Under the NCIB, Strad may purchase for cancellation, from … Read more
November 23, 2018 North American oil producers that have been increasing spending to take advantage of this year’s higher prices will dial back as November’s reversal fuels worries about a 2019 surplus, energy executives say.U.S. light sweet crude settled on Friday at $50.42 a barrel, down nearly 23 percent since October and the lowest in … Read more
Nov 26, 2018, by Lorcan Roche Kelly (Bloomberg) Italy, Brexit Italian bonds and stocks are surging this morning after both parties in the governing coalition signaled a willingness to compromise on the budget-deficit target, an issue that sparked a standoff between the government and the European Commission in recent weeks. Yields on Italy’s two-year bonds fell … Read more
Nov 26, 2018 (Bloomberg) Oil rose from its lowest settlement in more than a year in New York, though signs of record output from Saudi Arabia amid pressure from President Donald Trump continued to weigh on the market. Futures added 1.5 percent, after slumping 7.7 percent on Friday. Saudi Arabia is pumping as much as … Read more
DHAHRAN, Saudi Arabia (Reuters) – Saudi Aramco will sign this week 30 agreements worth about $25 billion with local and foreign companies as part of a drive to expand the kingdom’s industrial base and manufacture a bigger share of products domestically, an Aramco executive said on Sunday. The agreements will be signed on the sidelines … Read more
Every energy company is feeling the pressure of today’s low-price environment on their business. Asset teams are competing for scarce capital and making the most of every dollar. But what if your budget could go further by receiving approx. one quarter of project costs back, without adding to your team’s workload? Most E&P companies evolve … Read more
“Client, look forward to working with you. Someone from our Implementation/Operations/Delivery/Customer Care team will be in touch with you to schedule install/delivery/training. You can’t picture one of your salespeople saying that to a new client. After all you don’t employ [email protected]. If you ask your clients, especially the new ones, about their onboarding experience they … Read more
Did you ask yourself why does your fuel delivery business exist other then just making money? It is a important question! And what‘s scary is that some fuel delivery business owners don‘t have an answer to this question. Let‘s be crystal clear – with this article I want to cover a very specific topic that … Read more
Select any number of analog wells and basinINTEL’s innovative BetaZi algorithm will automatically calculate oil and gas Type Curves within seconds. Using this automated forecasting solution speeds up the process! It reduces the time and costs associated with the manual generation and adjustment of the forecasts. It also eliminates bias, allowing you to make more informed decisions and … Read more
Nov 23, 2018, by Javier Blas (Bloomberg) For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule. The cartel is set to meet on Dec. 6 in Vienna, but days earlier the key decision makers are set to gather on the sidelines of the G20 summit in … Read more
Rajeshni Naidu-Ghelani, BNN Bloomberg The price crisis affecting both heavy and light Canadian oil is “staggering,” says the chief executive of Whitecap Resources Inc., who warned that the situation will get even worse next year when the oil hedging strategy for many companies starts to fade. Grant Fagerheim, president and CEO of the Calgary-based light … Read more
LAKE LOUISE, Alta. — Social commentator Rex Murphy says it should be illegal for Canadian governments to collect carbon taxes until there are new export pipelines delivering Alberta crude oil to world markets.
A sold-out audience at the Bennett Jones …
Canada’s drilling rig count increased by 7 actively drilling rigs according to data collected by Baker Hughes for the week of November 21st. From one week ago, Alberta rig counts increased 1 to 138 and the Saskatchewan rig counts increased 4 to 43. Oil drilling increased 6 to 124 and gas drilling increased 1 to … Read more
Introduction This is a video of the presentation that Chris Slubicki, CEO of Modern Resources, recently made at the Alberta Teachers Association convention. WARNING: I’ts a lengthy video, but if you have the time it is well worth watching from start to finish. It is equally worthwhile to share with family, friends, industry supporters and opponents … Read more
November 23, 2018 CNW CALGARY, Nov. 23, 2018 /CNW/ – Progress Energy Canada Ltd. is pleased to announce it has changed its name to PETRONAS Energy Canada Ltd. (PETRONAS Canada), effective November 22. PETRONAS is Malaysia’s fully integrated oil and gas multinational ranked among the largest corporations on FORTUNE Global 500®. PETRONAS entered Canada as part of a joint venture with Progress Energy in … Read more
CALGARY — Canadian oil and gas companies finding little love in the stock market are repurchasing their neglected shares, driving a rise in share buybacks that’s already reached a record high this year.
Using scarce dollars to buy your own stock inste…
EDMONTON — Alberta Premier Rachel Notley says she’s disappointed with Ottawa’s lukewarm response to the province’s plan to ease oil bottlenecks by buying more rail cars.
She says it’s simplistic to dismiss buying rail cars by saying they probably woul…
Nov 23, 2018 by Alex Nussbaum and Grant Smith (Bloomberg) Oil notched its biggest weekly loss since the depths of the last price crash, as record Saudi output, pressure from U.S. President Donald Trump and a global stock sell-off intensified crude’s freefall. Futures slid below $60 in London on Friday and ended the week down … Read more
Nov 23, 2018 by Greg Quinn (Bloomberg) Cheap Alberta oil is giving economists second thoughts about the next Bank of Canada rate increase. Considered a sure thing only a couple of weeks, doubts are beginning to emerge about whether the central bank will hike in January without a rebound in slumping prices for Canadian heavy … Read more
November 23, 2018 | Source: Precision Drilling Corporation This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this … Read more
By Maureen McCall for EnergyNow (More connection and real practical solutions came from Jason Kenney) It’s always good to get a visit from our political leaders. A fireside chat, a conversation or a town hall can tell you a lot about their understanding of both your situation and the situation the country is in and … Read more
* Tumbles to more than three-month low * Traders hope for cold winter to soak up supply * Tankers still floating LNG in Asia By Jessica Jaganathan SINGAPORE, Nov 23 (Reuters) – Asian spot prices for liquefied natural gas (LNG) tumbled nearly 10 percent this week to a more than three-month low, knocked lower by … Read more
November 22, 2018 Globe Newswire CALGARY, Alberta, Nov. 22, 2018 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae”) (PEA – TSXV) is pleased to announce that it has filed its third quarter unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three- and nine-month periods ended September 30, 2018. Pieridae is a reporting issuer … Read more
November 22, 2018 CALGARY, Alberta, Nov. 22, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today the test results from the second well at Kakwa North. The operator recently completed the second farm-in well, 100/01-04-64-6W6M well (the “01-04 Well”), with a 2900m horizontal leg in the Montney Formation. During the … Read more
November 22, 2018 CALGARY – Alberta Premier Rachel Notley is handing out tax breaks for oil and gas drillers along with criticism of Ottawa’s lack of appreciation for how damaging are current price discounts on western Canadian oil. In a speech at a Canadian Association of Oilwell Drilling Contractors event in Calgary, she announced her … Read more
Nov 23, 2018, by Lorcan Roche Kelly (Bloomberg) Jaw jaw President Donald Trump said that he’s been preparing “all my life” for talks with Chinese leader Xi Jinping at next week’s Group of 20 summit in Argentina. China’s Vice Minister of Commerce Wang Shouwen said that trade teams from both sides “have been in close touch” ahead of the meeting. … Read more
November 22, 2018 17:46 ET | Source: Cordy Oilfield Services Inc. CALGARY, Alberta, Nov. 22, 2018 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released today its third quarter 2018 results. Three months ended September 30, Nine months ended September 30, ($ 000’s) 2018 2017 ($) Change 2018 2017 ($) Change Revenue Environmental … Read more
Nov 23, 2018, by Sharon Cho and Grant Smith (Bloomberg) Oil slumped to the lowest in a year after Saudi Arabia signaled its output may have reached a record high, while growing U.S. stockpiles stoked concerns over a potential supply glut. Futures retreated as much as 5.3 percent from their Nov. 21 settlement in New … Read more
LONDON (Reuters) – “Little hope of THIS rock ever producing oil,” BP geologist Bill Senior scribbled in 1977 on a note assessing a recent oil discovery in a distant corner of the North Sea. That same rock is today the heart of BP’s prized Clair field in the West of Shetland region, which this week … Read more
November 22, 2018 20:06 ET | Source: Macro Enterprises Inc. FORT ST. JOHN, British Columbia, Nov. 22, 2018 (GLOBE NEWSWIRE) — Macro Enterprises Inc. (TSX-V: MCR) – Summary of financial results (thousands of dollars except per share amounts) Three months ended September 30 Nine months ended September 30 2018 2017 2018 2017 (unaudited) … Read more
Calgary, November 6, 2018/CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced it has successfully acquired all of the outstanding shares of Tartan Canada Corporation (“Tartan”) for a purchase price of approximately $12 million, which is subject to customary holdbacks and adjustments. Founded in 1953, Tartan is a privately … Read more
Nov 22, 2018, by Josh Wingrove (Bloomberg) Justin Trudeau’s government isn’t likely to agree to Alberta’s proposal to buy new trains as a short-term fix to the country’s oil glut and price crisis, federal officials say. Buying new locomotives and rail cars isn’t a short-term fix to the oil crisis in part because it would … Read more
Official Invite Sponsor of the 2019 PSAC Stars & Spurs Gala Just Announced! This Year’s Entertainment! Wow! Gord Banford Aaron Pritchett George Canyon Tickets Going Fast – Already 72% SOLD! In the spirit of Western hospitality and values, the PSAC Stars and Spurs Gala promises to be a night like no other. Support STARS Network … Read more
Projected 2019 wells drilled: 6,962—an increase of 51 from 2018 (6,911*) Projected 2019 operating days: 69,617—an increase of 507 from 2018 (69,110*) Rig fleet expected to decrease by 58 (580 drilling rigs to 522 drilling rigs) Pricing differentials and pipeline delays will continue to curtail capital expenditures Despite a recovery in the price of oil, … Read more
Nov 22, 2018, by Robert Tuttle (Bloomberg) Justin Trudeau’s federal budget update stirred some anger in Canada’s oil-rich West just as he headed to Calgary, the country’s energy capital. Alberta’s Finance Minister Joe Ceci, while welcoming corporate tax breaks announced Wednesday, said he was disappointed that the urgent need to ease a dramatic crude-shipping glut … Read more
SURREY, B.C. — The natural gas supply is improving for British Columbia, but FortisBC Energy Inc. is still asking its residential and business customers to conserve ahead of the two coldest months of the year.
Fortis says in a news release that measur…
OTTAWA — New research shows Export Development Canada provided 12 times as much financial backing to oil and gas companies as it did to clean-technology companies over the last five years.
The findings by lobby group Oil Change International show that…
CALGARY — Prime Minister Justin Trudeau says Alberta is in a crisis as the province’s oil is being sold at a discount of about $45 a barrel, but he and some oil company bosses agree there are no easy fixes Ottawa can offer.
“There is no question that …
“We were totally taken aback and surprised by the announcement of this tanker ban because of the government’s statement that they were going to include First Nations… No one got consulted.” – Gary Alexcee, a hereditary chief of the Nisga’a Nation near Alaska. Financial Post As you may be aware, Prime Minister Justin Trudeau will visit … Read more
CALGARY — Albertans dealing with steep discount prices for oil expressed frustration Thursday with Ottawa’s fiscal update that they say offered little acknowledgment of pain in the oilpatch.
But Prime Minister Justin Trudeau said in Calgary he hears t…
(Reuters) – U.S. energy firms this week cut oil rigs for the first time in the three weeks as crude prices have fallen to their lowest in over a year. Drillers cut three oil rigs in the week to Nov. 21, bringing the total count down to 885, General Electric Co’s (GE.N) Baker Hughes energy … Read more
OTTAWA — Canada could sign a new North American free-trade deal even with stinging U.S. tariffs on Canadian goods still in force, Finance Minister Bill Morneau said Thursday, with just over a week to go before a key deadline for the agreement.
Morneau…
November 21, 2018 Globe Newswire CALGARY, Alberta, Nov. 21, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or “PPR” or the “Company”) (TSX:PPR) and Marquee Energy Ltd. (“Marquee”) (TSXV:MQX) announce that the Company’s previously-disclosed acquisition of Marquee by plan of arrangement under section 193 of the Business Corporations Act (Alberta) (the “Arrangement”), which was … Read more
November 21, 2018 | Source: Zargon Oil & Gas Ltd. CALGARY, Alberta, Nov. 21, 2018 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company“) (TSX:ZAR; ZAR.DB.A) announces a proposed transaction to settle its $41.94 million principal amount of outstanding 8.00% convertible unsecured subordinated debentures due December 31, 2019 (the “Debentures“) for equity (the “Transaction“). … Read more
November 21, 2018 | Source: Raise Production Inc. CALGARY, Alberta, Nov. 21, 2018 (GLOBE NEWSWIRE) — Raise Production Inc. (TSX-V: RPC) (“Raise” or the “Company”) has released its financial results for the three and nine months ended September 30, 2018. PRESIDENT’S UPDATE The Company is pleased to provide an update to its shareholders on its financial results … Read more
OTTAWA/WINNIPEG, Manitoba (Reuters) – The Canadian government is considering a request from Alberta to share the cost of buying rail cars to move an additional 120,000 barrels per day of crude oil from the nation’s oil-rich province, two sources with direct knowledge of the matter told Reuters. Under the terms of the proposal submitted by … Read more
Wednesday, November 21, 2018 CALGARY – The federal government’s Fall Economic Update makes progress to improve Canada’s business operating environment, however continues to fall short in addressing the country’s most significant competitiveness and market access issues, says the President and CEO of the Calgary Chamber of Commerce. “We continue to urge the federal government to … Read more
CALGARY — The National Energy Board says crude-by-rail exports from Canada rose to a record 269,829 barrels per day in September.
That’s up more than 17 per cent from 229,544 in August and just over double the 134,132 barrels per day recorded in Septe…
by Maureen McCall for EnergyNow Disruption in the Fossil Fuel Industry Rapid transition away from Oil and Gas? Sounds interesting but globally it’s more hype than reality. Peter Tertzakian thinks renewables aren’t enough and that “fossil fuels need to be part of the solution”. In 2017, Prime Minister Justin Trudeau commented in a town hall … Read more
Nov 21, 2018, by Boris Korby (Bloomberg) Stock Selloff Stalls Stocks in Asia look set for a reprieve from the recent sell-off after a modest rebound in technology and energy shares underpinned gains in U.S. equities. The dollar slipped and Treasuries fluctuated as debate about the Federal Reserve softening its stance on raising interest rates gathered pace. … Read more
Nov 21, 2018, by Julian Lee (Bloomberg) OPEC will struggle to carry all of its partners from outside the group along with it as oil producing group looks to extend output cuts into a third year at meetings to be held in Vienna in early December, writes Bloomberg oil strategist Julian Lee. For key partner … Read more
LONDON (Reuters) – Oil prices fell on Thursday after U.S. crude inventories swelled to their highest level since December adding to concerns about a global glut but OPEC talk of an output reduction limited losses. Benchmark Brent fell 23 cents to $63.25 a barrel by 1212 GMT, after dropping by over $1 in early European … Read more
Nov 22, 2018, by Robert Tuttle (Bloomberg) Enbridge Inc. is pushing back at criticism that its procedures for nominating barrels of oil shipped through the company’s pipeline system is partly to blame for depressed Canadian crude prices. The owner of Canada’s biggest crude export pipeline system is facing scrutiny after a surge of production sent … Read more
DOWNLOAD THE ULTIMATE SIGN GUIDE HERE We’ve put together The Ultimate Oil & Gas Signage Guide to take the guesswork out of ordering signs. In our guide you’ll find: Field Sign Requirements Facility Sign Requirements Transportation Sign Requirements The Different Types of Posts & Bases Hardware & Installation Details And More! Take a peek below … Read more
CALGARY — Alberta’s finance minister says Ottawa’s latest fiscal update shows the federal government doesn’t appreciate how badly the price squeeze on western Canadian crude is hurting the Canadian economy.
“It’s clear the federal government’s not spe…
CALGARY – Join us on November 22, 2018 as Prime Minister Justin Trudeau engages in a conversation with Calgary’s business community about market access and competitiveness. Following the Prime Minister’s speech, a Q&A will be moderated by Calgary Chamber President and CEO Sandip Lalli, with questions being accepted from the audience. Tickets are available to both Calgary Chamber members and non-members. When: November 22, 2018 · 12.00 p.m. … Read more
OTTAWA — Big greenhouse-gas emitters will be able to take advantage of new federal tax incentives Finance Minister Bill Morneau promised Wednesday even if that means more emissions, the government says.
Measures in Morneau’s fall fiscal update will al…
FRANKFURT — Holiday shoppers should enjoy more spending power thanks to the recent sharp drop in oil prices, though cheaper energy could also weigh on the U.S. economy by dampening investment in shale oil production.
While the fall in oil prices doesn…
November 21, 2018 CNW CALGARY, Nov. 21, 2018 /CNW/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) reported today the Company has recently received the highest oil price per barrel for its Bigoray crude oil since the Company acquired its first oil and gas interest in October 2016. Pulse’s most recent sales of crude oil the … Read more
November 20, 2018 | Source: Husky Energy Inc. CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) — Production remains shut in at the SeaRose floating production, storage and offloading (FPSO) vessel with all production wells secure after a period of extreme weather and an oil release late last week. Husky Energy (TSX:HSE) had shut in production at the White Rose field … Read more
November 20, 2018 | Source: Birchcliff Energy Ltd. CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the Corporation’s notice of intention to make a normal course issuer bid (the “NCIB”). The NCIB will commence on November 23, … Read more
November 20, 2018 CNW CALGARY, Nov. 20, 2018 /CNW/ – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQX”) are pleased to announce that, at the special meeting of shareholders of Marquee held yesterday (the “Meeting”), the shareholders and optionholders of Marquee overwhelmingly voted in favour of a special resolution to approve the proposed plan of arrangement with Prairie … Read more
November 20, 2018 Globe Newswire CALGARY, Alberta, Nov. 20, 2018 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) is a 60% working interest owner in the Leaman #1horizontal well operated by Hocking Hills Energy and Well Services LLC of Ohio. Marksmen is pleased to announce that on November 17, 2018 a cased-hole whip-stock assembly … Read more
November 20, 2018 CALGARY – A rooftop smudging ceremony where herbs were burned and prayers said served as a proxy for swearing in as the oral traditional evidence gathering part of a National Energy Board reconsideration of the Trans Mountain pipeline expansion project began Tuesday. Lyne Mercier, vice-chair of the NEB and chairwoman of the … Read more
Nov 21, 2018, by Lorcan Roche Kelly (Bloomberg) Unfriendly U.S. authorities show few signs of wanting to cool the standoff with China over trade ahead of next week’s meeting between President Donald Trump and President Xi Jinping at the G-20. U.S. Trade Representative Robert Lighthizer’s office released a document accusing Beijing of continuing a state-backed campaign of intellectual … Read more
November 20, 2018 British Columbia’s premier said on Tuesday his government will introduce legislation next year that will require all new light-duty cars and trucks sold in the province by 2040 to be electric or zero-emission vehicles.Premier John Horgan said the government will phase in the sales targets, which apply only to new vehicles. They … Read more
Nov 20, 2018, by Javier Blas (Bloomberg) The map lays out OPEC’s nightmare in graphic form. An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a … Read more
Behind every successful company in every industry is a strong quality team. Projects in the energy sector are becoming increasingly complex and involve an abundance of specialized personnel. Some question the purpose of having a quality assurance team, not realizing it benefits not just the regulators, but everyone. What is Quality Assurance? Quality Assurance is a systematic … Read more
Managing the labour force of a boom-and-bust industry is challenging by nature, but critical for maintaining profitability. Capitalizing on the opportunity of increased demand requires finding large numbers of qualified workers in a tight labour market. Shortages can drive up wages, decrease production and, as the North American oil and gas industry is currently experiencing, … Read more
We have a new dual drum derrick unit destined for our Whitecourt base. It’s equipped with 5/16 high temp e-line AND an eco-friendly greaseless cable. It’s the first dual drum derrick unit with a greaseless cable and we are excited to introduce it to the WCSB! Our Whitecourt base now has sour service e-lines, high … Read more
Watch how Osprey Informatics cloud-based computer vision platform Osprey Reach enables energy and industrial companies to manage their operations remotely to cut costs, mitigate safety and environmental risks. ospreyinformatics/video Osprey Reach is an enterprise intelligent visual monitoring solution for exception-based management of field operations, assets and facilities. Request a Demo or Learn More https://www.youtube.com/watch?v=ci6K-Ib6jag
ST. JOHN’S, N.L. — It’s now impossible to clean up Newfoundland’s largest-ever oil spill that leaked into the ocean last week, according to the regulatory board that oversees the province’s offshore activities.
The 250,000-litre spill happened on Frid…
Nov 21, 2018, by Sheela Tobben (Bloomberg) A huge low-pressure system that swept through Canada’s Atlantic seaboard last week shut all of the region’s oil production. Only one field has restarted service in the storm’s wake, while another is battling an oil leak. Waters off the province of Newfoundland and Labrador host four producing fields … Read more
News that the Alberta government is bolstering a royalty credit program to encourage the building of new petrochemical projects is welcome but it isn’t expected to help oil and gas producers receiving low commodity prices, industry leaders say.
Volume…
Nov 20, 2018, by Kevin Orland (Bloomberg) While the U.S. oil industry has hit a speed bump with the recent $20 drop in oil prices in New York, producers in Canada are in a full-blown crisis. Heavy Canadian crude has been on a downward spiral since mid-May, with prices plummeting by more than 60 percent … Read more
November 20, 2018, by Elizabeth Ingram (Renewable Energy World) In a recent ruling, Canada’s National Energy Board said, “The [Manitoba-Minnesota Transmission] Project is and will be required by the present and future public convenience and necessity.” Therefore, the board recommends that the Governor in Council approve the board’s issuance of a certificate. The board says … Read more
CALGARY — A rooftop smudging ceremony where herbs were burned and prayers said served as a proxy for swearing in as the oral traditional evidence gathering part of a National Energy Board reconsideration of the Trans Mountain pipeline expansion projec…
Calgary-based utility AltaGas Ltd. is appointing Randy Crawford as CEO four months after the sudden resignation of ex-CEO David Harris following an unspecified “complaint” to its board.
In a news release, it says Crawford will take the reins on Dec. 1…
Oil is used by some nations to project influence and power, and is a national security concern for most others. How does digital innovation alter the oil-infused geopolitical landscape? OIL GEOPOLITICS I was part of a workshop recently to discuss the geopolitics of oil. The conversation revolved around the decisions that OECDnations are making that impact the energy security profile of consumer nations, and the risks of future man-made catastrophic supply disruption. While it was not a … Read more
LONDON (Reuters) – Benchmark oil prices fell on Tuesday, set to snap a four-day winning streak amid concerns about rising global supplies as OPEC weighs production cuts. Growing fears of an economic slowdown, which saw European and Asian stock markets tumble again, added further pressure on crude. Brent crude futures, the international benchmark for oil … Read more
Nov 20, 2018, by Lorcan Roche Kelly (Bloomberg) Broken tech The selloff in technology stocks that pushed the NYSE FANG+ Index into a bear market during yesterday’s U.S. session is showing little sign of easing. Shares in Apple Inc. look set to follow suit when they open for trading today, falling a further 1.5 percent in the … Read more
LONDON (Reuters) – Refineries around the world are squeezing out every last drop of diesel while drowning in gasoline, in what could well become the new normal for the next few years. The imbalance is a confluence of major shifts in oil markets – surging production of light U.S. shale oil, plummeting exports of heavier … Read more
RIYADH (Reuters) – Saudi Arabia’s King Salman will inaugurate on Thursday the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country’s northern region, Al Arabiya TV said, quoting energy minister Khalid al-Falih. The project will cost 85 billion riyals ($22.7 billion) and create 10,000 jobs, Falih said. It is part of an … Read more
OSLO (Reuters) – Waivers on Iranian sanctions granted by the United States provided some relief to oil markets but the global economy is still very fragile, the head of the International Energy Agency told Reuters on Tuesday. “The U.S. decision on the Iranian sanction waivers took some of the players in the market by surprise … Read more
WINNIPEG, Manitoba (Reuters) – Underwater surveys began on Monday after an oil spill off Canada’s Atlantic coast as Husky Energy Inc and government agencies assessed a leak that temporarily shut down all crude production in the waters of Newfoundland & Labrador. A leaking flowline from Husky’s White Rose Field to the SeaRose storage vessel was … Read more
Nov 20, 2018, by Kevin Orland (Bloomberg) Amid the worst crude-price environment in its history, the Canadian oil industry is being hamstrung by internal divisions that are making it harder to rally around potential solutions. That draws a stark contrast to the U.S., where a less divided industry wields more clout. Most notable is the … Read more
November 19, 2018 Alberta will come up with a plan to address painfully low crude prices within weeks, Premier Rachel Notley said on Monday, as she appointed representatives to start discussions with industry officials.At least five Western Canadian oil producers announced curtailments of heavy crude production in recent weeks, as price discounts for the region’s … Read more
CALGARY — Rising temperatures in the battle between two Calgary drilling companies for ownership of a third were matched by rising share prices for all three on Monday.
Ensign Energy Services Inc. announced late Friday it will give Trinidad Drilling L…
EDMONTON — Alberta Premier Rachel Notley has appointed three experts to work with the energy industry to find ways to close an oil price gap that she says is costing the Canadian economy $80 million a day.
Notley says the Canadian economy is losing ou…
November 19, 2018 Accesswire CALGARY, AB / ACCESSWIRE / November 19, 2018 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma“) is pleased to announce, further to the Corporation’s recent entrance into the Rex (Upper Mannville) oil play in the Leduc area of Alberta and additional work-up of a new Lower Mannville oil … Read more
November 19, 2018 CNW CALGARY, Nov. 19, 2018 /CNW/ – David Smith, President and Chief Executive Officer of Keyera Corp. (TSX:KEY) (“Keyera”) is pleased to announce the promotion of Bradley W. Lock to Senior Vice President and Chief Operating Officer and the promotion of C. Dean Setoguchi to Senior Vice President and Chief Commercial Officer. With these appointments, Keyera is realigning its organizational … Read more
PARIS — Citizen protests of fuel tax hikes are choking facilities critical to the French economy, and police have orders to remove the drivers blocking sensitive sites to show their anger, France’s interior minister said Monday.
In a third day of acti…
Select/highlight/mark any number of wells (including one) to see their aggregate forecasts and EURs displayed in seconds. Use basinINTEL to get accurate, unbiased forecasts in seconds! Watch the video! Find out more at https://www.geologic.com/products/ and register to attend our upcoming Lunch and Learn
Pump and Tank Monitoring Solution Veriflow™ digital rate gauge technology allows for simple and accurate monitoring of your injection pump systems 24/7/365. Track and report tank levels, live pump flow rates and alarm conditions anywhere, anytime. It installs on new or existing applications in minutes and works with all major pump brands. How It Works … Read more
FREDERICTON — New Brunswick’s premier says he wants to forge ahead with plans to lift the province’s fracking moratorium, and will speak this week with a company ramping up its plans for new wells.
Corridor Resources currently has 32 producing wells i…
Nov 19, 2018 by Josh Wingrove (Bloomberg) Prime Minister Justin Trudeau gets one of his last chances this week to mend frosty ties with Canada’s business community as next year’s election nears. Trudeau’s finance chief, Bill Morneau, will unveil a fiscal update Wednesday in Ottawa that provides a shot at redemption after warnings about the … Read more
(Reuters) – Iran will continue to export oil despite U.S. sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said on Monday. By reimposing sanctions on OPEC’s third biggest crude producer, Washington wants to force Tehran to drop its ballistic missile programs, further curb its nuclear work and limit … Read more
BRATISLAVA, Nov 19 (Reuters) – Oil supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency said on Monday, adding players and consumers should all “have common sense”. IEA head Fatih Birol, speaking at a news conference with central European energy ministers in Bratislava, said markets were … Read more
Copper Tip is excited to add to their fleet a brand new high capacity conventional coiled tubing unit. This unit is equipped with a Hydra Rig HR-6100 Injector – designed to handle CT sizes from 1-1/2” OD through 3-1/2” OD. It is designed for operation with both open and closed loop hydraulic systems. It is … Read more
November 19, 2018 | Source: Precision Drilling Corporation This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this … Read more
November 19, 2018| Source: Prairie Provident Resources Inc. CALGARY, Alberta, Nov. 19, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“PPR” or the “Company”) (TSX:PPR) announces an operational update on successful drilling and completion results from its core Evi area in the Peace River Arch. Evi Drilling Exceeds Expectations As part of its light-oil Granite Wash drilling … Read more
November 19, 2018 | Source: Saturn Oil + Gas Inc SASKATOON, Saskatchewan, Nov. 19, 2018 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to announce that with the success of the recent drill program the Company has achieved a production rate of 1,000 bbls/d. Additionally, the Company … Read more
Nov 19, 2018, by Lorcan Roche Kelly (Bloomberg) Misconduct Renault-Nissan-Mitsubishi’s Carlos Ghosn has been reportedly arrested in Japan after he under-reported his income over several years and engaged in “numerous other significant acts of misconduct.” The board of Nissan said in a statement that they would seek to ax Ghosn and Greg Kelly as directors of the company. Shares … Read more
LONDON (Reuters) – Oil steadied on Monday, having gained in the previous three sessions from the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the year-end. Brent crude futures were down 6 cents at $66.70 a barrel by 1243 GMT, while U.S. futures were up 3 cents … Read more
Nov 19, 2018, by Robert Tuttle (Bloomberg) Canadian heavy crude prices rallied Friday as U.S. refinery demand rises and increased volumes are shipped by rail car. Heavy Western Canadian Select’s discount to West Texas Intermediate futures narrowed to $39.25 a barrel, the smallest since late September, data compiled by Bloomberg show. The absolute price increased … Read more
Nov 19, 2018, by Julian Lee (Bloomberg Opinion) OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond. But of course they each want different things. … Read more
Incentives alone aren’t the key to an effective safety program. But incentives that the participants actually want can be. Situation: Cash isn’t always the answer A provider of contract personnel to the oil and gas industry wanted to improve its safety performance. Some years ago, the company implemented a Safety, Health & Environmental (SHEM) Plan … Read more
We are pleased to bring our IoT in Oil & Gas Canada and Blockchain in Oil & Gas Canada Conferences back to the Hotel Arts in Calgary this February 12-14. Speaking opportunities are closing for Canada’s two premiere oil & gas conferences. Speaking If you are interested in speaking at IoT, contact: [email protected] If you are interested in speaking at Blockchain, … Read more
Good to see you again, Client. How’ve your experiences been with us over the last 90 days? Well, not good, Salesperson. I hear that your sensors aren’t working as well as I thought they would when we switched to your company 12 months ago and your After Sales Support is slow to respond. Oh my. … Read more
ST. JOHN’S, N.L. — The agency that regulates offshore safety in Newfoundland and Labrador says all offshore oil rigs in the province’s waters have been temporarily shut down.
The Canada-Newfoundland and Labrador Offshore Petroleum Board says in a stat…
PRINCE GEORGE, B.C. — Enbridge Inc. says it has increased the flow of natural gas through a pipeline that ruptured near Prince George, B.C., more than a month ago.
The company says it will increase pressure on a 91-centimetre pipeline to 85 per cent o…
By David Yager for EnergyNow Energy Policy Analyst – Oil & Gas Writer “One hundred years from now people will be looking at this carbon warehouse in Alberta and will thank the world that we have it”. So spoke Alan Johnson, former Calgary Progressive Conservative MP, coal executive and president of the Coal Association of … Read more
HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday. Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 … Read more
Nov 16, 2018, by Nathaniel Bullard (Bloomberg Opinion) The International Energy Agency published its World Energy Outlook this week, its annual effort at revising assessments of future demand for and supply of fuels and electricity. There’s a familiar theme within it: The IEA expects more renewable-energy use in the future than it did in last … Read more
Canada’s drilling rig count increased by 1 actively drilling rigs according to data collected by Baker Hughes for the week of November 16th. From one week ago, Alberta rig counts increased 1 to 137 and the Saskatchewan rig counts increased 2 to 39. Oil drilling increased 1 to 118 and gas drilling stayed the same … Read more
Speaker Series Powered by EnergyNow Share your industry expertise and energy solutions with oil and gas professionals from around the world – without leaving your office! The Energy Connect 2019 Call for Abstracts is now open to all energy professionals interested in presenting in an interactive digital speaker series during the Energy Connect virtual conference … Read more
Nov 16, 2018 by Robert Tuttle (Bloomberg) Canadian heavy crude prices rallied Friday as U.S. refinery demand rises and increased volumes are shipped by rail car. Heavy Western Canadian Select’s discount to West Texas Intermediate futures narrowed to $39.25 a barrel, the smallest since late September, data compiled by Bloomberg show. The absolute price increased … Read more
Nov 16, 2018 by Robert Tuttle (Bloomberg) Relief for Canada’s oil patch is gradually rolling down the tracks, with producers aiming for big volumes of crude by rail to counter their worst glut ever. A tally of plans from five producers including Cenovus Energy Inc., Canadian Natural Resources Ltd. and Imperial Oil Ltd. shows they’re … Read more
(Reuters) – U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from shale basins at a record high. Drillers added two oil rigs in the week to Nov. 16, bringing the total count to 888, … Read more
November 15, 2018 CALGARY – Oilsands and refining giants Suncor Energy Inc. and Husky Energy Inc. are rejecting a call by rival Cenovus Energy Inc. for government-imposed production cuts to reduce an oversupply of oil in Alberta linked to steep price discounts. Suncor spokeswoman Sneh Seetal says the company has no exposure to the “differential” … Read more
November 15, 2018 Globe Newswire CALGARY, Alberta, Nov. 15, 2018 (GLOBE NEWSWIRE) — Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture: TVL) presents financial and operating results for the three and nine months ended September 30, 2018. Three months ended Sept. 30, Nine months ended Sept. 30, Highlights (unaudited) 2018 2017 2018 2017 Financial ($ thousands, … Read more
November 15, 2018 | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Nov. 15, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for … Read more
November 16, 2018 | Source: Strategic Oil & Gas Ltd CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSXV: SOG) is pleased to report financial and operating results for the three and nine months ended September 30, 2018. Detailed results and additional information are presented in Strategic’s interim … Read more
Nov 16, 2018, by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil rose, paring a sixth weekly loss, amid growing confidence that OPEC and its partners will reduce production to avert a glut next year. Futures in New York rose 1.8 percent Friday, trimming the weekly drop to 4.6 percent. With the Organization of Petroleum Exporting … Read more
Nov 16, 2018, by Lorcan Roche Kelly (Bloomberg) Low expectations Commerce Secretary Wilbur Ross said the U.S. still plans to raise tariffs on China in January, with Donald Trump and Xi Jinping only likely to agree a “framework” for further talks when they meet at the G-20 at the end of month. Market reaction in China was … Read more
Richmond, British Columbia – Chiefs and Métis leaders from across Canada have joined together in support of oil and natural gas development, and to ask the federal government to halt proposed legislation harmful to Indigenous interests, including a tanker ban on British Columbia’s North Coast (Bill C-48) and changes to the assessment of major development … Read more
Nov 15, 2018, by Josh Wingrove (Bloomberg) The top rival to Alberta’s premier is signaling he doesn’t favor a government-mandated cut in crude oil production as Canadian prices hit a record low, saying he would prefer to see a market-based solution to the problem. Alberta’s heavy crude plunged to a record low Thursday amid a … Read more
Nov 16, 2018, by Robert Tuttle (Bloomberg) Heavy Western Canadian Select crude fell to a record low as several oil producers shut in production and some demand the Alberta government intervene to mandate across-the-board cuts. The oil-sands benchmark fell $2.29 to $13.46 a barrel Thursday, the lowest in Bloomberg data extending back to 2008. The … Read more
A major Calgary-based energy company is facing its fourth lawsuit in U.S. courts over climate change.
The Pacific Coast Federation of Fishermen’s Associations — the largest commercial fishermen’s group on the West Coast — has included Encana in a laws…
Nov 15, 2018, by Michael Bellusci (Bloomberg) The Canadian oil patch is losing patience with the country’s lack of support for the industry. The plunge in global crude prices is being exacerbated in Canada by a lack of pipeline capacity, sending the country’s oil prices to a near record discount to the U.S. and energy … Read more
Visit the GPS Team this Friday, November 16, downtown Calgary on the Main Floor at Fifth Avenue Place, 420 2 Street SW, anytime between 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 for … Read more
CALGARY — The question of whether Alberta should force industry-wide production cuts to relieve an oversupply of oil and support prices has opened a rift between companies who are suffering from current price discounts and those who aren’t.
On Thursda…
Nov 15, 2018 by Alex Longley and Tsuyoshi Inajima (Bloomberg) Oil held steady after snapping a record losing streak on Wednesday, as traders weighed signs of rising inventories against a possible OPEC cut. Futures in New York were little changed after rising 1 percent in the previous session, which ended a 12-day slide. An industry … Read more
GLJ is proud to welcome Erfan Sarvaramini, Ph.D., to our team. Dr. Sarvaramini brings in-house expertise in Hydraulic Fracturing and Reservoir Geomechanics to GLJ and our clients. Dr. Sarvaramini received his Ph.D. in Geomechanical Engineering from Dalhousie University with on a focus on the hydraulic fracturing (HF) modeling and characterization of tight hydrocarbon reservoirs in … Read more
November 14, 2018 CNW TSX Venture Exchange: IKM-V CALGARY, Nov. 14, 2018 /CNW/ – Ikkuma Resources Corp. (“Ikkuma” or the “Corporation“) is pleased to provide an update on financing and its recent activity. Ikkuma is pleased to announce that it has completed a financing for a $20 million senior secured term loan (the “Term Loan“) with Alberta Investment Management Corporation (“AIMCo“). The … Read more
November 14, 2018 Source: ClearStream Energy Services Inc. CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) announces today the appointment of Randy Watt as its Chief Financial Officer (“CFO”). Mr. Watt is a senior executive with a 25-year track record of leading and working with successful … Read more
November 14, 2018 CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its financial and operational results for the third quarter of 2018, a strategic Montney land acquisition in Pouce Coupe and its preliminary plans for 2019. The full text of Birchcliff’s Third Quarter 2018 … Read more
November 14, 2018 | Source: Suncor Energy Inc multilang-release Mark Little, chief operating officer appointed president and will become chief executive officer at Suncor’s 2019 Annual General Meeting CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) — Suncor today announced that Steve Williams will retire as chief executive officer at the company’s Annual General Meeting on May 2, … Read more
Nov 15, 2018, by Mikael Holter (Bloomberg) Oil companies have pushed through draconian cost cuts during the recent industry slump, but they’re not quite done yet. Spain’s Repsol SA unveiled plans to re-use its Gyda platform in Norway’s North Sea on another field, an unprecedented step for a fixed installation, according to the head of … Read more
Nov 15, 2018, by Lorcan Roche Kelly (Bloomberg) Not talking British Prime Minister Theresa May is coming under increasing pressure over the Brexit deal her cabinet agreed to yesterday as ministers start to resign this morning. Of the three to announce they are stepping down – at the time of writing – the loss of … Read more
Nov 14, 2018, by Javier Blas and Annmarie Hordern (Bloomberg) OPEC and its allies are considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week as the group is increasingly worried about the potential for oversupply, people familiar with the matter said. The talks are preliminary, … Read more
(Reuters) – U.S. federal energy regulators on Wednesday approved a request by TransCanada Corp’s (TRP.TO) Columbia Gas Transmission unit to put the eastern facilities of its $900 million WB XPress natural gas pipeline into service in West Virginia and Virginia. WB XPress is one of several pipelines designed to connect growing output in the Marcellus … Read more
GENEVA (Reuters) – The United States has chosen the wrong path in reimposing sanctions on Iran and will be defeated, Iranian President Hassan Rouhani said Wednesday, according to the Tasnim news agency. Washington reinstated sanctions targeting Iran’s oil industry on Nov. 5 as it seeks to force the Islamic Republic to accept tougher curbs on … Read more
TÜV (Rheinland) F.S. Eng. Certification Safety Instrumented Systems December 10-14, 2018 Calgary, AB Facilities where SIS are properly justified, designed, installed, maintained and operated are functionally safer for personnel, the environment, assets, and have increased uptime. Based on the IEC 61511:2017, the TUV (Rheinland) Safety Instrumented Systems course outlines the basics for correctly implementing … Read more
CALGARY — Natural Resources Minister Amarjeet Sohi says he shares Albertan’s “frustration” at billions of dollars being lost to the Canadian economy due to oil price discounts linked to export pipeline capacity constraints.
But he says Ottawa is focus…
In just 5 years Osprey has built a strong product based on real market needs, an energetic and talented team that collaborates daily, and an enviable industry reputation. These strengths have helped Osprey attract a client base that includes some of the top energy companies in North America, build strong recurring revenue, and turn heads … Read more
CALGARY — A new refinery touted as part of the solution to Alberta’s oversupply of heavy oil likely won’t begin processing oilsands bitumen until year-end, several months later than expected.
That means 80,000 barrels per day of diluted bitumen that w…
Nov 14, 2018, by Josh Wingrove and Kevin Orland (Bloomberg) Canada’s oil sector is divided over whether to force a temporary cut to production, with some major producers pushing the controversial idea in a bid to ease a supply glut and halt a steep plunge in prices, according to seven people familiar with the matter. … Read more
November 14, 2018 Globe Newswire CALGARY, Alberta, Nov. 14, 2018 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced third quarter results for the period ended September 30, 2018. RESULTS AT A GLANCE Three Months Ended Nine Months Ended September 30 September 30 FINANCIAL ($000s, except as noted) 2018 2017 Change 2018 2017 Change Royalty and … Read more
VICTORIA — Federal Environment Minister Catherine McKenna was confronted with the passions many people in British Columbia have for the plight of the West Coast’s endangered killer whales while she cycled on a Victoria-area bike path Wednesday.
The mi…
CALGARY — Suncor Energy Inc. says Steve Williams will retire as chief executive after the company’s annual meeting next May.
Williams, 62, joined Suncor in 2002 and took the helm of Canada’s largest energy producer by market capitalization from longti…
Nov 14, 2018, by Samuel Potter (Bloomberg) Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing catch-up. From stocks and bonds to currencies, assets worldwide are gripped by a crude awakening. Monday saw oil’s largest one-day drop in three years, … Read more
Nov 14, 2018 by Amanda Jordan and Tsuyoshi Inajima (Bloomberg) Oil pared losses amid renewed speculation that OPEC and its allies are considering cutting supply next year. Futures in New York steadied after Reuters reported OPEC and its partners are discussing a reduction of as much as 1.4 million barrels a day, deeper than the … Read more
November 13, 2018 | Source: Delphi Energy Corporation CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended September 30, 2018. Third Quarter 2018 Highlights Achieved the Company’s production guidance for the third quarter, producing 9,514 barrels of oil equivalent per day (“boe/d”) … Read more
November 13, 2018 | Source: Prairie Provident Resources Inc. CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to confirm that, in connection with its previously-announced acquisition of Marquee Energy Ltd. (“Marquee”), the Company elected to obtain requisite approval of the Prairie Provident shareholders by written … Read more
November 13, 2018 | Source: Bengal Energy Ltd. CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) — Bengal Energy Ltd. (TSX: BNG) (“Bengal” or the “Company”) today announces its development program for 2019 and financial results for the second quarter of fiscal 2019 ended September 30, 2018. CALENDAR 2019 DEVELOPMENT FORECAST: 2019 Drilling Program – Bengal and its joint venture partners on … Read more
Nov 14, 2018, by Kelly Gilblom and Irene García Pérez (Bloomberg) For more than a year, the world’s biggest oil companies have been saying that by keeping a tight rein on spending today, they’ll be fortified against the next crude-price collapse. What they didn’t expect was for that caution to pay off so soon. Oil … Read more
LONDON (Reuters) – Global oil supply will outpace demand throughout 2019, as a relentless rise in output swamps growth in consumption that is at risk from a slowing economy, the International Energy Agency said on Wednesday. In its monthly report the Paris-based IEA left its forecast for global demand growth for 2018 and 2019 unchanged … Read more
Nov 14, 2018, by Mohammed Aly Sergie, Anthony DiPaola and Mahmoud Habboush (Bloomberg) OPEC and allied oil producers will cut or adjust production as needed to balance the market, the group’s president, United Arab Emirates Energy Minister Suhail Al Mazrouei, said Wednesday. If OPEC+ needs to reduce output, it will do so, he said in … Read more
Nov 14, 2018, by Lorcan Roche Kelly (Bloomberg) Now, the hard part The draft agreement on the U.K.’s exit from the European Union reached yesterday will be presented to government ministers in London today when Prime Minister Theresa May asks the cabinet to back the proposal. Should she get through this unscathed, she then faces the … Read more
LONDON (Reuters) – Electric vehicles and more efficient fuel technology will cut transportation demand for oil by 2040 more than previously expected, but the world may still face a supply crunch without enough investment in new production, the International Energy Agency (IEA) said on Tuesday. Oil demand is not expected to peak before 2040, the … Read more
LONDON (Reuters) – Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday. The Paris-based IEA said in its World Energy Outlook … Read more
NEW YORK (Reuters) – U.S. crude oil output from seven major shale basins was expected to hit a record of 7.94 million barrels per day (bpd) in December, according to a monthly government forecast released on Tuesday. The total oil output from the basins was expected to rise 113,000 bpd, driven largely by increases in … Read more
HALIFAX — A third well exploration effort off Nova Scotia has failed to find commercially viable levels of oil in the deep waters of the Scotian Shelf.
Hess Corp., the drilling partners on the BP-operated Scotian Basin Exploration Drilling Project, is…
The Canadian Press CALGARY – Imagine producing a bumper crop of a product in high demand around the globe, only to learn you must settle for a discounted price because there’s no easy way to get your product to market. Canadian grain farmers experienced that situation in 2013 and again last winter when their harvest … Read more
Nov 13, 2018, by Michael Bellusci (Bloomberg) One of the largest foreign holders of Canadian energy stocks says investors are turning away from the country, frustrated over Prime Minister Justin Trudeau’s failure to get pipelines built to ease a record discount for oil-sands crude. In a letter to the prime minister, Darren Peers, an analyst … Read more
A commentary by Wendy Ferguson con•fi•den•ti•al•i•ty noun the state of keeping or being kept secret or private Lately I’ve been explaining myself just a little further when it comes to what ‘confidentiality’ means in the workplace when it pertains to HR. Quite often it’s the entirely wrong word to use, yet it is uttered so … Read more
November 13, 2018 Globe Newswire CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOLS: ZAR; ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2018) Funds flow from operating activities of $1.93 million compared to $0.58 million recorded in the prior quarter, and $1.76 million reported in … Read more
November 13, 2018 CNW CALGARY, Nov. 13, 2018 /CNW/ – Pulse Oil Corp. (TSX-V:PUL and PUL.WT) (the “Company” or “Pulse“) is pleased to announce that it has filed a final short form prospectus in connection with the offering (the “Offering“) of up to 11,363,600 flow-through common shares of the Corporation (“FT Shares“) at a price of C$0.22 per FT Share (the … Read more
November 13, 2018 Reuters Oil prices fell sharply on Tuesday, deepening a rout that has plunged the energy complex into a bear market as growing supply is poised to swamp demand next year. The latest drop came after President Donald Trump urged OPEC and Saudi Arabia to maintain their current policy of gradually increasing output, which … Read more
November 13, 2018 CNW CALGARY, Nov. 13, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A“) for the three-month period ended September 30, 2018. Recent Highlights Tidewater delivered another quarter of Adjusted EBITDA growth of $17.3 million or $0.05 per … Read more
November 12, 2018 Globe Newswire CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and nine months ended September 30, 2018. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) … Read more
November 12, 2018 Globe Newswire CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2018 and provide an update on its future business plans. NuVista experienced another robust quarter with continued development drilling success. Production … Read more
November 12, 2018 Globe Newswire CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) is pleased to report its operating and unaudited financial results for the three months and nine months ended September 30, 2018. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30, Nine Months … Read more
November 13, 2018, by AFP (Arabian Business) Oil cartel says demand is expected to increase 1.5 million barrels per day this year, down 40,000 daily from its previous estimate. OPEC on Tuesday trimmed its global oil demand forecasts for this year and next, as kingpin Saudi Arabia tries to cut output to bolster prices in … Read more
Nov 13, 2018, by Tsuyoshi Inajima and Alex Longley (Bloomberg) Oil fell for a 12th day, its longest losing streak on record, after U.S. President Donald Trump criticized Saudi Arabia’s plan to cut output. West Texas Intermediate futures in New York sank as much as 2.8 percent, extending a drop of more than 11 percent … Read more
Nov 12, 2018, by Kelly Gilblom (Bloomberg) There’s a risk the world is becoming too reliant on the rapid growth of U.S. shale oil, its foremost energy adviser has warned. Without a raft of new approvals for non-shale projects, oil production from U.S. shale plays must more than triple by 2025, to an eye-popping 15 … Read more
By Julia McElgunn Climate Change. These two words trigger instant defense, and they should. The message loud and clear has been to blame fossil fuels for releasing the culprit, CO2 with the solution to get rid of it, otherwise there will be genocide. A message that haunts. Climate change is real. It’s a natural cycle … Read more
Nov 13, 2018, by Lorcan Roche Kelly (Bloomberg) At the table U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He have resumed trade talks ahead of a meeting between the countries’ leaders at the G-20 gathering in Argentina at the end of this month. They spoke by phone on Friday and the South China Morning … Read more
Nov 13, 2018, by Christopher Sell (Bloomberg) U.S. shale may be the darling of the oil industry right now, but the boom isn’t going to last, according to the International Energy Agency. The richest areas will have been exploited by the mid-2020s, meaning the average well drilled in 2025 will be less productive than today, … Read more
CALGARY — TransCanada Corp. says it doesn’t know when it will be able to build its Keystone XL pipeline after a Montana judge stopped it last week but it is confident the project will make money once it is built and in service.
It’s too soon to say wh…
WINNIPEG, Manitoba (Reuters) – A U.S. federal judge in Montana halted construction of TransCanada Corp’s (TRP.TO) Keystone XL oil pipeline on Thursday, saying a U.S. environmental analysis “fell short of a ‘hard look’” at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources. The ruling is the latest delay … Read more
Nov 13, 2018, by Doug Alexander (Bloomberg) The roll-out of legal cannabis is a prime example of how Canada can get things right. Energy shows how the country sometimes gets it wrong. That’s the view of GMP Capital Inc.’s Harris Fricker, who is seeing deal-making in marijuana and blockchain eclipsing the traditional industries of energy … Read more
Nov 12, 2018, by Kevin Orland (Bloomberg) It may not just be OPEC that’s weighing whether to cut oil production. The pipeline bottlenecks that have strangled Canadian crude prices have at least one major energy producer calling for oil-rich Alberta to mandate output reductions. Oil-sands producer Cenovus Energy Inc. says the province already has legislation … Read more
ABU DHABI, United Arab Emirates — OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as 1 million barrels of oil a day, to rebalance the market after U.S. sanctions on Iran failed to cut Tehran’s output,…
LONDON, Nov 12 (Reuters) – Pieridae Energy, the company behind the Goldboro liquefied natural gas (LNG) export project on Canada’s east coast, wants to issue new equity before taking a Final Investment Decision (FID) by the middle of next year, an executive said. Mark Brown, Vice President of Business Development, said finalising offtake agreements — … Read more
Nov 12, 2018 by Tsuyoshi Inajima and Alex Longley (Bloomberg) Oil climbed after a record run of losses as Saudi Arabia said OPEC and its allies should rein in output, with the kingdom itself reducing shipments by about 500,000 barrels a day. Futures in New York rose as much as 1.8 percent, after slumping into … Read more
Nov 12, 2018 by Robert Tuttle (Bloomberg) Canada’s oil producers can’t catch a break. Even as local production cuts help alleviate pipeline bottlenecks, heavy crude plunged below $18 a barrel for the first time since 2016 — dragged down by global oil prices. “The differentials are holding to modestly improving but the global prices are … Read more
Nov 12, 2018, by Lorcan Roche Kelly (Bloomberg) Crude bounce Global oil benchmarks are rising this morning with a record run of losses looking poised to end, driven by increased speculation that OPEC and its allies will cut output next year. Saudi Arabia said there should be a reduction constituting about half the increase made earlier … Read more
Emotional Intelligent Leader Designed to integrate everyday workplace situations, the aim of this blended program is to develop your emotional intelligent (EI) strategies over a period of time. As you learn both foundational and advanced EI concepts and frameworks, you will intentionally focus on practicing tools within your work environment. Practically applying your new knowledge … Read more
Canada Action is Proud to Bring Vivian Krause to Fort McMurray Hear Vivian Krause present her research on the foreign funding against Canadian pipelines If you care about the Canadian energy sector and its often unfair treatment at the hands of U.S. foundation-supported activists, then you probably know about Vancouver-based independent researcher and writer Vivian … Read more
With the investment landscape in the oil and gas industry starting to shift, and more Canadian companies expanding to manage projects in multiple provinces, issues of indirect tax are becoming more prevalent. Add the recent changes to GST/HST/PST, and oil and gas companies across Canada have had to re-assess their processes for moving equipment and … Read more
Ask most salespeople to describe the purpose of each interaction with a prospect and they’ll probably say something like: “close ‘em” “build the relationship” “educate them” “solve their problems” All good answers, but the real purpose of every interaction with a prospect is to get to the truth. What’s uncomfortable about getting the truth in … Read more
When you are not sure which well will produce more oil and gas over the next few weeks and you need to quickly calculate your forecasts, you can use basinINTEL to filter to any well list that you paste into the project. Wells not found in the project will be identified. That is the power … Read more
Artificial intelligence is already having three pretty dramatic impacts on oil and gas. First, AI is being applied to subsurface data and petroleum engineers are confidently expanding the amount of oil and gas that is recoverable. Second, AI is helping reduce demand for fossil fuels by transforming transportation… ABOUT Geoffrey Cann is a former senior partner of one of the … Read more
by Michael Bellusci (Bloomberg) The outlook for Canadian fracking companies is up in the air. Shares of Calgary-based STEP Energy Services Ltd. and Trican Well Service Ltd. are down more than 63 percent this year, while Calfrac Well Services Ltd. has lost about 36 percent amid activity slowdowns on both sides of the border. Battles … Read more
CALGARY, Alberta (Reuters) – Canada’s biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport. Congested pipelines have stranded much of Canada’s crude in Alberta, driving discounts to record-high levels. Canadian heavy crude traded on … Read more
by Julian Lee (Bloomberg Opinion) It was meant to be a short, sharp shock. Instead, OPEC members are facing a long, slow grind with no end in sight. The deal reached with several non-OPEC countries in 2016 to cut oil supply and drain excess inventories was meant to last just six months. But after last week’s ugly slide … Read more
Imagine producing a bumper crop of a product in high demand around the globe, only to learn you must settle for a discounted price because there’s no easy way to get your product to market.
Canadian grain farmers experienced that situation in 2013 and…
Nov 9, 2018, by Kevin Orland and Rachel Adams-Heard (Bloomberg) TransCanada Corp.’s $8 billion Keystone XL pipeline may face another eight months of delay after a court ruling raised issues with a four-year-old environmental review. A Montana federal judge Thursday found that the 2014 environmental assessment by the Obama administration fell short. President Donald Trump … Read more
Nov 11, 2018, by Grant Smith, Mahmoud Habboush, Anthony DiPaola and Elena Mazneva (Bloomberg) Many OPEC and allied oil producers see a need to cut output to stave off a new surplus, a key member of the coalition said, as delegates gathered in Abu Dhabi amid sinking prices. A number of global producers agree they … Read more
November 9, 2018 U.S. President Donald Trump on Friday blasted a federal judge’s decision to halt construction of the Keystone XL pipeline that would carry heavy crude oil from Canada to the United States, a project that has been in development for a decade.The ruling out of U.S. Court in Montana on Thursday dealt a … Read more
Canada’s drilling rig count decreased by 2 actively drilling rigs according to data collected by Baker Hughes for the week of November 9th. From one week ago, Alberta rig counts decreased 3 to 136 and the Saskatchewan rig counts stayed the same at 37. Oil drilling decreased 4 to 117 and gas drilling increased 2 … Read more
EDMONTON — Alberta’s energy minister says a U.S. court decision ordering a halt to the Keystone XL pipeline project is frustrating.
Marg McCuaig-Boyd says the province will look to see what it can do to get the project restarted and also to find other…
OTTAWA — Climate-change advocates and renewable-fuel producers want Ottawa to make sure new natural-gas power plants have to pay a price for every ounce of their greenhouse-gas emissions by 2030.
Canada is finalizing the regulations for its carbon-pri…
TORONTO — Crude oil prices dipped to near a nine-month low as they fell for a tenth consecutive day, potentially having an impact on the Bank of Canada interest rate decision next month.
West Texas Intermediate dipped to a low of US$59.26 before closi…
(Reuters) – U.S. energy firms added oil rigs for a fourth time in the last five, keeping the rig count at its highest in over three years even though crude futures were on track to fall for a fifth week in a row to their lowest level since February. Drillers added 12 oil rigs in … Read more
CALGARY — The Canadian oil industry reacted with frustration and bitterness Friday after a U.S. judge ordered a halt to the Keystone XL pipeline project until it passes further environmental review.
The decision on Thursday means longer delays in find…
November 8, 2018 CNW CALGARY, Nov. 8, 2018 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC” or “the Company”) announced today that its Board of Directors has approved a $775 million capital program for 2019 that focuses on profitable organic liquids growth to deliver a meaningful cash flow per share increase over the long term. The 2019 budget focuses on … Read more
November 08, 2018 | Source: Parkland Fuel Corporation (All financial figures are approximate and in Canadian dollars unless otherwise noted) NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI), Canada’s largest and one of North America’s fastest growing independent … Read more
November 08, 2018 | Source: CES Energy Solutions Corp. CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) — CES Energy Solutions Corp. (“CES” or the “Company”) (TSX: CEU) (OTC – Nasdaq Intl: CESDF) is pleased to report on its financial and operating results for the three and nine months ended September 30, 2018. Further, CES announced today that it will pay … Read more
November 08, 2018 | Source: Strad Energy Services Ltd. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (“U.S.”) The news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For full disclosure of the forward-looking information and statements and the risks to which they are subject, … Read more
November 09, 2018 Source: Kelt Exploration Ltd CALGARY, Alberta, Nov. 09, 2018 (GLOBE NEWSWIRE) — Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) has released its financial and operating results for the three and nine months ended September 30, 2018. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended September 30 Nine … Read more
CALGARY — Enerplus Corp. reported a third-quarter profit of $86.9 million, up from $16.1 million a year ago, boosted by higher energy prices and increased production.
The oil and gas producer says its profit amounted to 35 cents per diluted share for …
LONDON (Reuters) – Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes. Benchmark Brent crude LCOc1 fell below $70 a barrel for the first time since early April, down more than 18 percent since reaching four-year … Read more
Nov 9, 2018, by Andrew Harris (Bloomberg) TransCanada’s $10-billion Keystone XL pipeline project has suffered another setback after a U.S. federal judge blocked its construction to allow more time to study the potential environmental impact. Thursday night’s ruling is the latest set-back for the Calgary-based pipeline company in its decade-long push to construct a 1,179-mile long … Read more
Nov 9, 2018, by Lorcan Roche Kelly (Bloomberg) Not ready Democrats who take over control of the House in January are promising to launch probes into President Donald Trump’s policy decisions and personal financial affairs. The difficulty for the White House is that the president’s new chief lawyer has yet to take up his position, … Read more
OTTAWA (Reuters) – Canada is pushing back against U.S. attempts to change the text of their September trade pact and the issue may have to be referred to ministers to settle, a Canadian source with direct knowledge of the matter said on Thursday. “Some of the stuff they (the Americans) have been putting forward is … Read more
November 08, 2018 | Source: Petrus Resources Ltd. CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) is pleased to report financial and operating results for the third quarter of 2018. The Company’s Management’s Discussion and Analysis (“MD&A”) and interim consolidated financial statements dated as at and for the period ended September … Read more
Nov 8, 2018, by Kelly Gilblom (Bloomberg) One of the biggest oil bosses in the world has a message for hotshot young tech stars: trust me, being arrogant won’t pay off. Royal Dutch Shell Plc Chief Executive Ben van Beurden said the oil industry’s own behavior in years past has eroded its relationship with society. … Read more
CALGARY — Production cutbacks and deferred drilling programs are emerging as a common theme as Calgary-based oil and gas companies elect to leave barrels in the ground rather than sell at current low prices.
In third-quarter results released this week…
HALIFAX — Operations of some non-producing wells at the Sable Offshore Energy Project have been suspended after an accident on a drilling rig involved in decommissioning wells off Nova Scotia.
A news release Thursday from the Canada-Nova Scotia Offsho…
(Reuters) – Saudi Arabia’s top government-funded think-tank is studying the possible effects on oil markets of a breakup of OPEC, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The research project doesn’t reflect an active debate inside the government over whether to leave the Organization of the Petroleum Exporting Countries … Read more
November 8, 2018 CNW CALGARY, Nov. 8, 2018 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC” or “the Company”) is pleased to report its third quarter 2018 financial and operational results. Third quarter production averaged 135,410 boe per day, net income was $45.1 million ($0.13 per share), funds from operations totaled $205.0 million ($0.58 per share), and net debt was $667.8 million as at September 30, 2018. ARC’s … Read more
November 8, 2018 Globe Newswire CALGARY, Nov. 8, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to release its third quarter 2018 financial and operating results, and provide capital spending guidance for 2019. A complete copy of Perpetual’s unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis (“MD&A”) for … Read more
November 8, 2018 CNW OTTAWA, Nov. 8, 2018 /CNW/ – The Government of Canada is taking action to protect Canada’s rich natural environment, respect the rights and interests of Indigenous peoples, and support a resilient Canadian natural resource sector, in order to help ensurea healthy environment and prosperous future for Northern communities. Today, the Honourable Dominic LeBlanc, Minister of Intergovernmental and Northern … Read more
Nov 8, 2018, by Tyler Cowen (Bloomberg Opinion) Often the most important results of any election come in the initiatives and referendums. And one striking result from Tuesday’s election is that voters in Washington state, a Democratic stronghold, soundly rejected a proposed carbon tax by a margin of 56 to 44 percent. This raises the … Read more
SAINT JOHN, N.B. — It’s been a tough month for one of Canada’s wealthiest families.
The Irvings of New Brunswick are facing renewed scrutiny after a major industrial accident at the Irving Oil refinery in Saint John — one month ago Thursday — and thre…
By Maureen McCall James Graham, President & CEO at GuildOne recently accepted the Outstanding Achievement in Information and Communication Technology award from the Alberta Science and Technology Leadership Foundation. Graham co-founded GuildOne in 2001 and has since been innovating the Energy industry by delivering complex data management and business intelligence solutions to the market. He … Read more
CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to mark 20 years in the Canadian energy industry with its operating and financial results for the third quarter of the 2018 fiscal year. By strategically delaying capital investments and production additions until the fall, Peyto … Read more
November 7, 20184:02 PM CNW CALGARY, Nov. 7, 2018 /CNW/ – Gear Energy Ltd. (“Gear” or the “Company”) (TSX:GXE) is pleased to provide the following third quarter operating update to shareholders. Gear’s Interim Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the period ended September 30, 2018 are available for review on Gear’s website at www.gearenergy.com and on www.sedar.com. Financial Summary Three … Read more
November 7, 20183:00 PM CNW CALGARY, Nov. 7, 2018 /CNW/ – Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the third quarter of 2018. HIGHLIGHTS 2018 exit production estimate increased from 290,000 to 300,000 boepd driven primarily by stronger than forecast well performance. Q3 2018 average production was … Read more
November 07, 2018 | Source: Precision Drilling Corporation This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this … Read more
November 08, 2018 | Source: STEP Energy Services Ltd. CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. This news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), … Read more
November 08, 2018 Pengrowth Energy Corporation Lindbergh Production Establishes New Record in October Averaging 18,350 bbl/d with Five of Eight Infill Wells on Production CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth”) (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and nine months ended September 30, 2018. Unless otherwise indicated, … Read more
Nov 8, 2018, by Lorcan Roche Kelly (Bloomberg) Fired? The question as to whether Jeff Sessions resigned or was fired from the position of Attorney General is more substantive than may appear at first blush. President Donald Trump appointed Matthew Whitaker, who has been openly critical of Special Counsel Robert Mueller’s Russia investigation, as acting AG. Should Mueller … Read more
Nov 7, 2018, by Kevin Crowley and David Wethe (Bloomberg) The oil fields of West Texas don’t sit still for long. Take Carrizo Oil & Gas Inc.’s operations, for instance. Just three months after moving drill rigs out of the Permian Basin because of pipeline shortages, the Houston-based explorer is already talking about bringing them … Read more
CALGARY, Alberta , Nov. 07, 2018 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) (TSX:PPR) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2018, and to provide an operational update. PPR’s consolidated interim financial statements (“Financial Statements”) and related management’s … Read more
Wildfire is a reality in Alberta’s forests and grasslands and the impacts on oil and gas, timber and mining industries of Western Canada can be harsh and far-reaching. To improve safety and awareness there is much industry can do to prepare for these wildfire events and to potentially minimize the impacts on facilities, resources and … Read more
Nov 8, 2018, by Josh Wingrove (Bloomberg) It’s a rough time in Canada’s oil patch, and the energy industry is warning that Justin Trudeau is about to make it worse. The bottom has fallen out of Canadian heavy crude prices, with their discount relative to the U.S. benchmark near a record amid a supply glut … Read more
Nov 7, 2018, by Robert Tuttle (Bloomberg) Almost two years after Exxon Mobil Corp. removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil Ltd. unit is investing again, saying low Canadian crude prices that scared off the other majors make it a perfect time to build. Imperial Chief Executive Officer Rich … Read more
Nov 7, 2018, by Mathew Carr and Kelly Gilblom (Bloomberg) Royal Dutch Shell Plc and Total SA are the only companies among the 10 biggest oil and gas producers in the world which disclose how their carbon emissions will decline over time, according to the first analysis of its kind by managers overseeing more than … Read more
VANCOUVER — The National Energy Board will hear oral traditional evidence from Indigenous groups in the coming weeks as part of its new review of the Trans Mountain pipeline expansion.
The Federal Court of Appeal struck down the federal government’s a…
The Chief Financial Officer of NAL Resources, Keith Steeves, and I sit down to discuss the progress that NAL has made with adopting digital technologies, and why NAL is sharing the results. 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 … Read more
VANCOUVER — FortisBC is looking at several options to boost its stock of natural gas in an effort to get its customers through the winter after a pipeline blast squeezed off supply.
Sean Beardow, manager of corporate communications with Fortis, says t…
WINNIPEG, Manitoba (Reuters) – Two Canadian-based crude producers are looking to double down on their oil sands investments, betting that new pipelines and cutting-edge technology can improve profitability and reduce environmental damage. The moves by Imperial Oil Ltd (IMO.TO) and Teck Resources Ltd (TECKb.TO) run counter to an exodus of foreign companies from the oil … Read more
November 7, 2018 CNW TORONTO, Nov. 7, 2018 /CNW/ – The Board of Directors of Canada Development Investment Corporation (CDEV) is pleased to announce the appointment of several prominent Canadians to the Board of Directors overseeing the governance and management of Trans Mountain Corporation (TMC). The newly-constituted Board will be chaired by William Downe, former CEO of BMO Financial … Read more
HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for October 2018 was 1,017, up 13 from the 1,004 counted in September 2018, and up 66 from the 951 counted in October 2017. The international offshore rig count for October 2018 was 207, up 3 from … Read more
NEW YORK (Reuters) – U.S. crude oil production is expected to average 12.06 million barrels per day (bpd) in 2019, passing the 12 million bpd milestone sooner than expected on surging domestic shale output, the U.S. Energy Information Administration said on Tuesday. For 2019, production is expected to rise 1.16 million bpd from the prior … Read more
CALGARY, Nov. 6, 2018 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced its third quarter 2018 financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera’s website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera’s website or Keyera’s filings on SEDAR … Read more
November 06, 2018 17:00 ET | Source: ClearStream Energy Services Inc. CALGARY, Alberta, Nov. 06, 2018 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream”, TSX: CSM and CSM.DB.A) today announced its results for the three and nine months ended September 30, 2018. “EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the “Non-IFRS measures” … Read more
November 06, 2018 | Source: Pulse Seismic Inc. CALGARY, Alberta, Nov. 06, 2018 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to report its financial and operating results for the three and nine months ended September 30, 2018. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being … Read more
November 06, 2018 | Source: Parex Resources Inc. CALGARY, Alberta, Nov. 06, 2018 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company focused on Colombian oil exploration and production, announces its unaudited financial and operating results for the three months and nine months ended September 30, 2018 (“Third Quarter” or “Q3”). All amounts herein are … Read more
Nov 7, 2018, by Heesu Lee and Debjit Chakraborty (Bloomberg) Armed with waivers to keep importing Iranian oil without running afoul of U.S. sanctions, some of the Islamic Republic’s top customers are preparing to buy. The exemptions mean at least some supplies from OPEC’s third-biggest producer will keep flowing into international markets, after its exports … Read more
Nov 7, 2018, by Sharon Cho (Bloomberg) Crude’s poised for the longest losing streak since 2014 as concerns of a supply crunch eased on a forecast for rising U.S. production and waivers for eight countries allowing temporary import of Iranian oil. Futures in New York fell as much as 0.9 percent and headed for an … Read more
November 06, 2018 | Source: Pine Cliff Energy Ltd. CALGARY, Alberta, Nov. 06, 2018 (GLOBE NEWSWIRE) — Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce the filing of its third quarter financial and operating results. Included in the filings were Pine Cliff’s unaudited interim condensed consolidated financial statements and related … Read more
Nov 7, 2018, by Lorcan Roche Kelly (Bloomberg) Democrats and Republicans win The U.S. midterm election results are in line with market expectations: Democrats will control the House from January, while Republicans maintain their majority in the Senate. There will be a record number of women in the House, with the first female Muslim and Native American representatives elected. Looking … Read more
Nov 7, 2018, by Grant Smith and Javier Blas (Bloomberg) OPEC is enduring one of the most head-spinning years in its history, swerving from cutting oil production to boosting it as quickly as possible. Now it’s talking about reversing course again. Ministers from the group gathering in Abu Dhabi this weekend will discuss the possibility … Read more
Nov 6, 2018, by Sheela Tobben and Robert Tuttle (Bloomberg) China is finally getting a taste of Canadian crude, if only for a couple of months. At least five tankers hauling as much as a combined 3.76 million barrels of crude have departed Vancouver for China since the start of September, Bloomberg ship-tracking data show. … Read more
CALGARY — Imperial Oil Ltd. says it will go ahead with its $2.6-billion Aspen oilsands project.
Construction will begin this year, with the project expected to start up in 2022.
The Aspen project, located about 45 kilometres northeast of Fort McMurray…
(Reuters) – U.S. energy regulators on Tuesday approved Canadian energy company Enbridge Inc’s (ENB.TO) request to put more of its $2.6 billion Nexus natural gas pipeline from Ohio to Michigan into service. In a filing, the U.S. Federal Energy Regulatory Commission (FERC) said it approved the company’s request to put the Wadsworth compressor in Medina … Read more
November 6, 2018 The Canadian Press OTTAWA – Canada’s spy agency says many members of the environmental and Indigenous communities see the federal purchase of the Trans Mountain pipeline as a betrayal, and suggests that could intensify opposition to expanding the project. A Canadian Security Intelligence Service assessment highlights a renewed sense of indignation among protesters … Read more
November 06, 2018 | Source: Velvet Energy Ltd. CALGARY, Alberta, Nov. 06, 2018 (GLOBE NEWSWIRE) — Velvet Energy Ltd. (“Velvet”) and Iron Bridge Resources Inc. (TSX: IBR) (“Iron Bridge”) announce that at the special meeting of shareholders (the “Meeting”) of Iron Bridge held earlier today, holders (“Iron Bridge Shareholders”) of common shares of Iron Bridge (“Iron Bridge … Read more
November 5, 2018 Reuters The province of British Columbia introduced on Monday new environmental assessment rules that it said will increase clarity and certainty for the companies behind projects, mirroring efforts by the Canadian government to update major project reviews.The proposed changes will enhance early consultation with indigenous groups and allow “good projects” to be approved … Read more
November 5, 2018 CNW CALGARY, Nov. 5, 2018 /CNW/ – BlackPearl Resources Inc. (“BlackPearl” or the “Company”) (TSX: PXX) (NASDAQ Stockholm: PXXS) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. View PDF Version. Q3 Highlights: The Company entered into an Arrangement Agreement with International Petroleum Corporation (“IPC”) whereby IPC has agreed … Read more
November 5, 2018 CNW CALGARY, Nov. 5, 2018 /CNW/ – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) is pleased to report significant production volume growth of 38%, which includes a corresponding increase of 37% in liquids production, over the third quarter of 2017. HIGHLIGHTS: Increased third quarter 2018 average daily production by 38% to … Read more
November 5, 2018 PR Newswire CALGARY, Nov. 5, 2018 /CNW/ – TORC Oil & Gas Ltd. (“TORC” or the “Company”) (TSX: TOG) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. The associated management’s discussion and analysis (“MD&A”) and unaudited interim financial statements as at and for the three and … Read more
Nov 6, 2018 by Dan Murtaugh, Erik Schatzker and Alfred Cang (Bloomberg) The world’s biggest public energy company doesn’t worry about size when it comes to potential deal-making. The driver of any acquisition for Exxon Mobil Corp. isn’t the scope of the target, it’s whether the company finds more value in it than the market … Read more
Nov 6, 2018 by Manus Cranny and Anthony DiPaola (Bloomberg) Oil prices are likely to be “biased to the upside” for the rest of the year as demand from refineries rises in November and December, according to Citigroup Inc. An average price of $80 a barrel for this quarter is “realistic,” with spikes to $90 … Read more
The oil and gas industry is clearly into digital innovation, but if this was like a baseball game, what inning are we in? Recently I was invited to address ARC Financial’s CEO Summit on the impacts of digital innovation in oil and gas. Jackie Forrest, the Senior Director of Research at the ARC Energy Research Institute, interviewed me on stage, and asked me how I would compare the adoption of … Read more
Nov 6, 2018, by Dan Murtaugh (Bloomberg) The head of Exxon Mobil Corp. has nothing but public praise for the man who may hasten the demise of the oil industry. “ Elon Musk is a very creative, innovative individual,” Darren Woods, chief executive officer of Exxon, said when asked his opinion of the Tesla Inc. … Read more
Nov 6, 2018, by Lorcan Roche Kelly (Bloomberg) Vote Welcome to election day. When the polls close this evening, we will start to find out if the Democrats have done enough to flip the House, or if President Donald Trump’s vigorous campaigning has been enough to help the Republicans retain control of Congress. The mostly likely … Read more
SINGAPORE/LONDON (Reuters) – Iran’s oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would reimpose sanctions on Tehran, but with waivers in hand the Islamic Republic’s major buyers are already planning to scale up orders again. The original aim of the sanctions was to cut Iran’s oil exports as much … Read more
By Shadia Nasralla LONDON (Reuters) – Oil prices fell on Tuesday after Washington granted sanctions exemptions to top buyers of Iranian oil, lifting supply concerns and turning the market’s focus to worries that an economic slowdown may curb fuel demand. Benchmark Brent crude futures LCOc1 were down 53 cents at $72.64 a barrel by 1243 … Read more
The phrases “Digital transformation” and “Artificial intelligence” (AI) are trending in the energy industry. Individuals and companies are trying to wrap their heads around these terms and make sense of what it all means. How could it benefit your business? Where do you start? Do you need to have a Ph.D. in AI to utilize … Read more
Bellatrix Announces Closing of Grafton Acquisition November 05, 2018 | Source: Bellatrix Exploration Ltd. CALGARY, Alberta, Nov. 05, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that it has closed the previously announced acquisition of the remaining assets earned by Grafton Energy Co I Ltd. under the joint venture arrangement … Read more
VANCOUVER — A conservation group is suing the British Columbia government for exempting two oilpatch dams from environmental rules years after the dams were built.
“It seems like the government was really playing catch-up,” Olivia French, the lawyer h…
CALGARY — Shares in Ensign Energy Services Inc. rose about eight per cent on Monday morning after it reported a smaller loss in its third quarter compared with a year ago, while revenue grew 17 per cent.
The drilling company says it lost $32.8 million…
CALGARY, Alberta – QinetiQ Target Systems, the largest UAV manufacturer in Canada, and Canadian UAVs (CUAVS), Canada’s leading unmanned aviation solutions provider for enterprise and military applications, is proud to announce that they have signed a Memorandum of Understanding (MoU), outlining how the two companies will work together to bring combined ‘best of breed’ solutions … Read more
November 5, 2018 Globe Newswire CALGARY, Alberta, Nov. 05, 2018 (GLOBE NEWSWIRE) — Strategic Oil & Gas Ltd. (“Strategic” or the “Company“) (TSXV:SOG) announces further to its press release dated August 29, 2018 regarding its strategic alternatives process, the Company and certain investment funds managed by GMT Capital Corp. (the “GMT Funds“), have entered into a … Read more
November 5, 2018 CNW CALGARY, Nov. 5, 2018 /CNW/ – Crew Energy Inc. (TSX: CR) (“Crew” or the “Company”) is pleased to announce our operating and financial results for the three and nine month periods ended September 30, 2018. Our Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three and nine month periods … Read more
Nov 3, 2018 by Kevin Orland (Bloomberg) — Encana Corp.’s founder and former Chief Executive Officer Gwyn Morgan said he’s disappointed by the driller’s $5.5 billion purchase of Newfield Exploration Co., which moves focus to the U.S. and dashes his hopes that the company would represent Canada on the world stage. Morgan, who named the … Read more
(Reuters) – The oil market’s two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness sapping demand worldwide. After topping out at more than $75 and $85 a barrel just a month ago, both U.S. crude and Brent benchmark futures … Read more
November 05, 2018 | Source: Husky Energy Inc. Husky’s Offer is a Premium Valuation MEG’s Share Price Would Be Substantially Lower Absent the Offer Delivers Immediate Value With Comparable Upside and Much Less Risk CALGARY, Alberta, Nov. 05, 2018 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) today reaffirms its commitment to the full and fair Offer to acquire MEG … Read more
SEOUL/TOKYO (Reuters) – The United States reintroduced sanctions against Iranian oil on Monday while giving some of Washington’s closest allies exemptions that allow Tehran’s biggest customers, mostly in Asia, to keep buying crude for now. Washington has restored measures lifted under a 2015 nuclear deal negotiated with Tehran by the administration of President Barack Obama. … Read more
Nov 5, 2018, by Sharon Cho and Grant Smith (Bloomberg) Oil traded near a six-month low as the prospects of a tight global market at the end of year further receded after the U.S. softened the restart of sanctions against Iran. Crude in New York slipped 0.4 percent, falling for a sixth day. Sanctions against … Read more
Nov 5, 2018, by Dan Murtaugh (Bloomberg) Gas is in such hot demand in China right now it’s allowing a quirky market to flourish: transporting the fuel on trucks. Call them pipelines on wheels. The country’s top suppliers are loading liquefied natural gas onto tanker trucks and delivering it to users to make up for … Read more
Nov 5, 2018, by Lorcan Roche Kelly (Bloomberg) Split decision? With the most expensive midterm campaign in U.S. history coming to a close, both sides are braced for the possibility of a split Congress where Democrats gain control of the House while Republicans retain the Senate. Turnout is surging, with both sides saying they stand to … Read more
(Reuters) – Canadian Solar (CSIQ.O) has rejected an offer from its Chief Executive Officer Shawn Qu to take the solar module maker private. The company will not review any future going-private deal proposed by Qu unless its board receives “reasonable evidence” that the transaction is fully financed, Canadian Solar said on Monday. Reporting by John … Read more
Vancouver’s incoming mayor says a revamped National Energy Board review of the Trans Mountain pipeline expansion is likely doomed to fail and will land the federal government back in a courtroom.
The energy board is reviewing the project’s impacts on …
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 up because they’re so far behind their target that they don’t believe they hit it unless a whale falls on their … Read more
By accessing production forecasts for every well in Western Canada, you can track competitors’ activities. basinINTEL allows you to quickly filter results by province, by field, by well and by operator! It provides you with the single best and unbiased production forecasts, which helps you better plan and best allocate your resources. You can conveniently filter … Read more
In May 2018, Energy Efficiency Alberta announced a new program focusing on tailored improvements for a variety of industrial, institutional and commercial facilities. Custom Energy Solutions offers a wide range of offerings for Alberta businesses including scoping audits to identify potential improvement opportunities, incentives to hire an on-site energy manager, and a variety of incentives … Read more
Engaging Your Teamwork Superpowers: FREE Lunch and Learn Join us for a complimentary Lunch and Learn session with Willow Brocke, and learn more on building effective teams by understanding the basic ‘neuroscience’ of teamwork and why it matters so much. Friday, November 23, 2018 Lunch: 11:30 a.m. Session: 12:00 – 1:00 p.m. MST (GMT-7) Location: … Read more
If your role involves understanding the safety in facilities from Concept to Operation to Decommissioning you need to take this course! HERE IS WHAT SOME OF OUR PAST ATTENDEES HAVE SAID: “Great course! The instructor made the course very enjoyable. With their wealth of knowledge and experience they could answer all of the questions, … Read more
CALGARY, Alberta — Canadian UAVs (CUAVS), a leading supplier of commercial unmanned aerial vehicles (UAV), commonly known as drones, has entered into a referral relationship with CWB Maxium Financial, a proud member of the CWB Financial Group (TSX:CWB). Canadian UAVs offers commercial drone leasing, training and maintenance solutions for utility enterprises. The referral relationship for … Read more
Nov 1, 2018, by Liam Denning (Bloomberg Opinion) When you’re selling a deal, it helps to throw in a gift or two. That’s Encana Corp.’s approach in pitching Thursday’s surprise $7.7 billion acquisition of Newfield Exploration Co. to investors. This is one tough crowd, though: Encana’s stock dropped by almost 18 percent in early trading. In theory, the … Read more
Canada’s drilling rig count decreased by 2 actively drilling rigs according to data collected by Baker Hughes for the week of November 2nd. From one week ago, Alberta rig counts decreased 2 to 139 and the Saskatchewan rig counts decreased 1 to 37. Oil drilling decreased 3 to 121 and gas drilling increased 1 to … Read more
For immediate release Calgary, Alberta (Nov 01, 2018) Several media outlets have reported liability estimates provided by the AER in presentations to industry. We want to apologize for the concern and confusion that this information has caused. The numbers are staggering – $260 billion in total liability, which is $200 billion more than we have … Read more
Nov 2, 2018 by Samuel Robinson (Bloomberg) Oil extended its slide to six-month lows as the U.S. softened its crackdown on Iranian exports and American supplies surged, easing concerns of an impending shortage. Futures slumped 6.3 percent this week, the biggest drop since early February. The U.S. has agreed to let eight countries — including … Read more
For immediate release Calgary, Alberta (Nov 02, 2018)… The Alberta Energy Regulator (AER) announced today that Jim Ellis, president and Chief Executive Officer, will resign from the organization, effective January 31, 2019. Mr. Ellis joined the AER in 2013 as the first CEO for the newly-formed regulator. Mr. Ellis worked with the Government of Alberta and … Read more
Nov 2, 2018, by David Wethe (Bloomberg) Oil explorers maintained drilling activity close to a 3 1/2-year high, spurred by oil prices that have been above $60 a barrel for most of this year. Working U.S. oil rigs ticked down by one to 874, according to data released Friday by oilfield services provider Baker Hughes. … Read more
November 2, 2018 Globe Newswire Calgary-based advanced data solutions and business intelligence provider recognized for innovative application of blockchain and machine intelligence in Alberta energy sector CALGARY, Alberta, Nov. 02, 2018 (GLOBE NEWSWIRE) — GuildOne Inc. (GuildOne) is proud to announce that it has been selected as the 2018 winner of the ASTech award for Outstanding … Read more
(Reuters) – The U.S. oil drilling rig count declined this week for the first time in four weeks, although the rig count held close to its highest in over three years as production surges to record highs and some companies forecast even higher output this year. Drillers cut one oil rig in the week to … Read more
The man poised to become New Brunswick’s next premier has a well-earned reputation as a tight-fisted fiscal manager whose resume includes 33 years as a senior executive working for one of Canada’s richest families: the Irving clan.
Progressive Conserv…
CALGARY — Two new oilsands projects with the combined capacity to produce up to 200,000 barrels per day have been approved by the Alberta Energy Regulator but proponent Imperial Oil Ltd. isn’t saying when or if it will build them.
Company experts are …
Nov 1, 2018, by Kevin Orland (Bloomberg) The CEO of Calgary-based Encana Corp. is at no risk of losing his Texas accent. With the $5.5 billion purchase of Texas-based Newfield Exploration Co., Doug Suttles says he envisions a “headquarterless” company. That transformation may have actually begun in March when he moved house to Denver. Ever since … Read more
November 01, 2018 | Source: Bellatrix Exploration Ltd. CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix”, “we”, “us”, “our” or the “Company”) (TSX, NYSE: BXE) announces its financial and operating results for the three and nine months ended September 30, 2018. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking … Read more
CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) — (TSX: CJ) Cardinal Energy Ltd. (“Cardinal” or the “Company”) is pleased to announce its operating and financial results for the quarter ended September 30, 2018. The Company’s unaudited financial statements and management’s discussion and analysis for the quarter ended September 30, 2018, will be available on the … Read more
November 01, 2018 | Source: Parkland Fuel Corporation Parkland Tracking Well Toward 2018 Adjusted EBITDA Guidance of $775 Million ± 5% CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) — Parkland Fuel Corporation, (“Parkland”, “We”, or “Our”) (TSX:PKI) Canada’s largest and one of North America’s fastest growing independent marketers of fuel and petroleum products and a leading convenience … Read more
November 02, 2018 06:30 ET | Source: Baytex Energy Corp. CALGARY, Alberta, Nov. 02, 2018 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) reports its operating and financial results for the three and nine months ended September 30, 2018 (all amounts are in Canadian dollars unless otherwise noted). “Our strategic combination has repositioned Baytex as a … Read more
LONDON, Ontario (Reuters) – Canadian Prime Minister Justin Trudeau is faced with a dilemma as an election approaches – how to credibly clamp down on Riyadh over its human rights record while sparing a $13 billion arms deal with Saudi Arabia. Trudeau, who has promised “consequences” for the murder of Saudi journalist Jamal Khashoggi, is … Read more
Nov 2, 2018, by Lorcan Roche Kelly and Cecile Gutscher (Bloomberg) Terms of trade President Donald Trump seems to want to reach a trade deal with China when he meets President Xi Jinping at the G20 next month. He has asked key U.S. officials to start drawing up potential terms for a deal, according to four people … Read more
Nov 1, 2018, by Brian Eckhouse (Bloomberg) Companies don’t have to be as big as Walmart Inc. or Facebook Inc. to buy solar or wind power anymore. Businesses with more modest appetites for electricity — including Swiss Re AG, Nestle SA and others — are increasingly banding together to line up deals for clean power, … Read more
CALGARY — Enbridge Inc. is looking at options to help clear a glut of oil in Western Canada — including reversing a condensate import pipeline — but CEO Al Monaco counselled patience Thursday as all solutions will take time to put in place.
The pipeli…
Nov 1, 2018, by Grant Smith (Bloomberg) OPEC’s crude production climbed to the highest level since 2016 as increases by Saudi Arabia and Libya offset losses stemming from impending U.S. sanctions on Iran. The group’s 15 members boosted output by 430,000 barrels a day to 33.33 million a day in October, according to a Bloomberg … Read more
Nov 2, 2018, by Robert Tuttle and Kevin Orland (Bloomberg) The sun will come out tomorrow, or at least some time next year. That’s the message from Canadian oil producers suffering from the worst domestic glut in at least a decade. Even as prices dipped to new lows on Thursday, some companies including Suncor Energy … Read more
November 1, 2018 CNW CALGARY, Nov. 1, 2018 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited financial results for the three and nine months ended September 30, 2018. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and … Read more
CALGARY, Alberta (Reuters) – An expansion of LNG Canada has a cost advantage over its rivals in the race to build more liquefied natural gas export capacity, but a go-ahead decision on phase two is likely still a few years away, Shell Canada’s president said on Thursday. “What’s in our favor now is expansions are … Read more
CALGARY, Alberta (Reuters) – Suncor Energy Inc, Canada’s second-largest energy producer, does not need to reduce crude output as some of its peers are doing to cope with low prices, Chief Executive Steve Williams said on Thursday. Suncor, which has dedicated pipeline space for its crude as well as refineries in Canada, is mostly insulated … Read more
CALGARY, AB, November 1, 2018 – Today, the Petroleum Services Association of Canada (PSAC) released its 2019 Canadian Drilling Activity Forecast. PSAC expects a total of 6,600 wells (rig releases) to be drilled in Canada in 2019. For 2018, the Association’s final revised forecast predicts a yearly total of 6,980 wells. PSAC bases its 2019 … Read more
CALGARY — The Petroleum Services Association of Canada is predicting more pain for the oil and gas sector next year.
It predicts a total of 6,600 wells will be drilled in Canada in 2019, down about five per cent from an expected 6,980 wells this year,…
(Reuters) – Canadian pipeline operator TransCanada Corp said on Thursday it is eyeing joint ventures and asset sales, among other options, to finance the construction of its $8 billion Keystone XL crude oil pipeline. The Calgary-based company also said it has had substantial interest from potential partners for its Coastal Gaslink pipeline, which will carry … Read more
CALGARY, Alberta, Nov 1 (Reuters) – Suncor Energy Inc , Canada’s second-largest energy producer, does not need to reduce crude output as some of its peers are doing to cope with low prices, Chief Executive Steve Williams said on Thursday. Suncor, which has dedicated pipeline space for its crude as well as refineries in Canada, … Read more
CALGARY — The Alberta Energy Regulator is apologizing for estimating it would cost $260 billion to clean up after the provincial oil and gas industry.
The sector’s accumulated environmental liability is currently estimated at $58.65 billion, less than…
CALGARY — The president of Canadian Natural Resources Ltd. says certain energy industry members are interfering with attempts to make pipelines run more efficiently because they are making “windfall revenues” from current discount prices on Western Ca…
November 1, 2018 CNW Solid operations deliver production and cash flow growth All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Nov 1, 2018 /CNW/ – MEG Energy Corp. (TSX:MEG) today reported third quarter 2018 operating and financial results. Highlights include: Record quarterly bitumen production volumes of 98,751 barrels per day (bpd) and low … Read more
CALGARY, ALBERTA, November 1, 2018 – Following an extensive search process with Optimum Talent, the Board of Directors is pleased to announce that Mr. Gary G. Mar will become the new President and CEO of the Petroleum Services Association of Canada (PSAC) on December 1, 2018. Gary brings to PSAC global and entrepreneurial business experience … Read more
CALGARY — The CEO of MEG Energy Corp. says shareholders should continue to ignore a hostile takeover bid by Husky Energy Inc. because “by their own admission, Husky can afford to pay a lot more.”
Derek Evans, on his first financial reporting conferenc…
November 01, 2018 | Source: Encana Corporation CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) — Encana Corporation (Encana) (TSX, NYSE: ECA) and Newfield Exploration Company (Newfield) (NYSE: NFX) today announced that they have entered into a definitive agreement whereby Encana will acquire all of the outstanding shares of common stock of Newfield in an all-stock transaction valued … Read more
By Seyed Hossein Mousavian The next round of economic sanctions on Iran, which will start going into effect on Nov.4, will mainly target the country’s oil and gas industries. These sanctions were eased after the 2015 signing of the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran nuclear deal, but are being … Read more
By Maureen McCall The Ridley Terminal Propane Export Terminal – the first on Canada’s West Coast to export cleaner-burning propane from BC and Alberta to Asia is on time and on budget. Commercial operations are on track to start April 1, 2019. It’s been endorsed by BC Premier John Horgan last year as “an excellent … Read more
WASHINGTON (Reuters) – U.S. national security adviser John Bolton said on Wednesday the Trump administration wants sanctions on Iran’s crude exports to strain Tehran, but does not want to harm countries that depend on the oil. The United States is preparing to impose the new sanctions on Iran’s oil industry after Washington withdrew from a … Read more
CALGARY, Alberta (Reuters) – Canadian oil producer Cenovus Energy Inc (CVE.TO) is considering further expansion of its agreements to move crude by rail on Canada’s two major railways, its chief executive said on Wednesday. Last month, Cenovus signed three-year deals with Canadian National Railway Co (CNR.TO) and Canadian Pacific Railway Ltd (CP.TO) to transport roughly … Read more
CALGARY — TransCanada Corp. says it will go ahead with a $1.5-billion expansion of its Nova Gas Transmission Ltd. System as the latest expansion of its natural gas network.
“With today’s announcements, we are now advancing $9.1 billion of financially …
October 31, 2018 Globe Newswire CALGARY, Alberta, Oct. 31, 2018 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) announced today that it will move forward with a $1.5 billion expansion of its NOVA Gas Transmission Ltd. (NGTL) System to connect existing and new supply to incremental intra-basin market demand. “The NGTL System … Read more
Nov 1, 2018, by Lorcan Roche Kelly (Bloomberg) Super Thursday Investors expect no monetary policy change from the Bank of England when it announces its latest decision at 8 a.m. Eastern Time this morning. The release of the decision will be accompanied by an updated inflation report and be followed by a press conference with Mark … Read more
Nov 1, 2018 by Tsuyoshi Inajima (Bloomberg) Oil extended losses near $65 a barrel after the worst month in more than two years on lingering concern over a supply glut and a stronger dollar. Futures in New York fell as much as 0.9 percent, after falling 1.3 percent on Wednesday. U.S. crude inventories rose for … Read more
Oct 31, 2018 by Kevin Orland and Simon Casey (Bloomberg) Cenovus Energy Inc. says the end may be in sight for the pipeline bottlenecks that have throttled Canadian crude prices. The near-record gap between Western Canadian and U.S. prices will start to ease in the coming months as large North American refineries return to normal … Read more
CALGARY — Canadian Natural Resources Ltd. reported a third-quarter profit of $1.80 billion, up from $684 million a year ago.
The oil and gas producer says the profit amounted to $1.47 per diluted share for the quarter ended Sept. 30, compared with 56 …
Oct 31, 2018, by David Marino (Bloomberg) The U.S. surpassed Russia in August to claim the title of world’s top oil producer, with the largest year-on-year output increase in its history. Output rose to a record 11.346 million barrels a day, according to a monthly report issued Wednesday by the U.S. Energy Information Administration. Russia … Read more
CALGARY — Encana Corp. has signed a deal to acquire Newfield Exploration Co. in an all-stock offer it said was worth about US$5.5 billion.
Under the deal, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield common stock….
PRINCE GEORGE, B.C. — Enbridge Inc. says it has successfully completed repairs on the section of a natural gas pipeline that ruptured and burned near Prince George, B.C., three weeks ago.
The company says following a comprehensive integrity assessment…
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