1 - 2019 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Pembina Pipeline Corporation Approves Phase VIII Peace Pipeline Expansion

January 31, 2019 by EnergyNow Media

January 31, 2019 CNW CALGARY, Jan. 31, 2019 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that it has approved an additional expansion of its Peace Pipeline system (“Phase VIII”), which will accommodate incremental customer demand in the Montney area by debottlenecking constraints, accessing downstream capacity, and further enhancing product segregation on the … Read more

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Prairie Provident Announces Record Year-End 2018 Reserves and Full-Year Production Volumes

February 1, 2019January 31, 2019 by EnergyNow Media

January 31, 2019 | Source: Prairie Provident Resources Inc. CALGARY, Alberta, Jan. 31, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2018 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2018 (the “Sproule Report”) … Read more

Interim injunction against Wet’suwet’en members not going away soon: lawyer

January 31, 2019January 31, 2019 by The Canadian Press

VANCOUVER — A lawyer for members of the Wet’suwet’en First Nation who oppose a natural gas pipeline through their traditional territory says they will likely be ordered to maintain a 10-metre distance from any work site or workers for several months.
…

New Brunswick premier vows to balance budgets and lessen federal reliance

January 31, 2019January 31, 2019 by The Canadian Press

FREDERICTON — New Brunswick’s Tory premier is vowing to balance the current books and next year’s budget, without raising taxes, in an effort to get the province’s finances under control and lessen reliance on federal transfers.
Blaine Higgs made the …

Amid Cries of ‘Traitor,’ Canada’s Trudeau Set for Ugly Election

January 31, 2019 by EnergyNow Media

January 31, 2019 Reuters Canadian Prime Minister Justin Trudeau, who swept to power on a wave of optimism in 2015, is set for an ugly reelection campaign this October, judging by exchanges with voters in public town halls this month where he was grilled on topics ranging from immigration to housing affordability. Opinion polls show … Read more

Bankrupt energy companies can’t abandon old wells, top court rules

January 31, 2019 by EnergyNow Media

January 31, 2019 The Canadian Press OTTAWA — The Supreme Court of Canada says the trustee for a bankrupt Alberta energy company cannot simply walk away from unprofitable wells on agricultural land without having to clean up. The high court’s 5-2 ruling overturns an Alberta Court of Appeal ruling that upheld a 2016 decision in the … Read more

Feds paid near top dollar for Trans Mountain pipeline, spending watchdog says

January 31, 2019January 31, 2019 by The Canadian Press

OTTAWA — If the Trans Mountain pipeline expansion does not go ahead as planned and on budget, the $4.4 billion that government paid to buy the pipeline project will have been too much, says Parliament’s budget watchdog.
Yves Giroux, the parliamentary …

Husky finalizing repair plan as some oil production resumes off N.L. after spill

January 31, 2019January 31, 2019 by The Canadian Press

ST. JOHN’S, N.L. — Husky restarted oil production off Newfoundland this week, but the company hasn’t yet determined how to repair the connector responsible for November’s oil spill.
The company halted production for more than two months in the White R…

Energy Slump Drives Canada’s Second GDP Decline in Three Months

January 31, 2019 by EnergyNow Media

Jan 31, 2019 by Greg Quinn (Bloomberg) Canada’s economy contracted for the second time in three months on lower energy production, the clearest evidence yet of a soft patch that’s expected to linger through the first part of this year. Gross domestic product declined 0.1 percent in November, Statistics Canada said Thursday from Ottawa, matching … Read more

Marksmen Announces Closing of Financing to Replace Outstanding Debenture

January 31, 2019 by EnergyNow Media

January 31, 2019 | Source: Marksmen Energy CALGARY, Alberta, Jan. 31, 2019 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has closed its previously announced non-brokered financing to replace an outstanding debenture by issuing a non-convertible secured debenture (“Debenture”) in the amount of $1,250,000 and 1,800,000 share purchase warrants of the Company (the … Read more

US moves ahead with oil leases near sacred park

January 31, 2019January 31, 2019 by The Canadian Press

ALBUQUERQUE, N.M. — U.S. land managers will move forward in March with the sale of oil and gas leases that include land near Chaco Culture National Historical Park and other sites sacred to Native American tribes.
The sale comes as Democratic members …

OPEC oil output drops in January on Saudi cut, outages and sanctions

January 31, 2019 by EnergyNow Media

LONDON (Reuters) – OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group’s supply pact while Iran, Libya and Venezuela registered involuntary declines. The 14-member Organization of the Petroleum Exporting Countries has pumped 30.98 million barrels per day … Read more

Supreme Court to rule on whether energy companies can abandon old wells

January 31, 2019January 31, 2019 by The Canadian Press

OTTAWA — The Supreme Court of Canada is set to rule today on whether energy companies can walk away from unprofitable wells on agricultural land without having to clean up behind them.
A 2016 ruling in the Alberta Court of Queen’s Bench allowed a bank…

Oil Set for Biggest January Gain on Record on OPEC+ Cuts, Fed

January 31, 2019 by EnergyNow Media

Jan 31, 2019, by Sharon Cho and Alex Longley (Bloomberg) Oil is headed for its biggest January gain in at least 36 years as data showed the OPEC+ coalition’s output cuts starting to kick in, while a more dovish Federal Reserve boosted markets and improved the growth outlook. While futures in New York were little … Read more

Refiners Stung by Venezuela Sanctions Face U.S. Gulf Oil Exodus

January 31, 2019 by EnergyNow Media

Jan 31, 2019, by Sheela Tobben (Bloomberg) Crude exports from the Gulf of Mexico are picking up at the worst time for American refiners. Rising production and falling freight rates are behind a surge of overseas shipments of Mars crude, a medium sour oil produced in the U.S. Gulf of Mexico. This comes as sanctions … Read more

Five Things to Know in World Business Today

January 31, 2019 by EnergyNow Media

Jan 31, 2019, by Lorcan Roche Kelly (Bloomberg) Patience is a virtue Bulls are cheering after Federal Reserve Chair Jerome Powell signaled the bank is finished raising rates for now. U.S. stocks are set for their biggest January rally in three decades, with European markets in line for their biggest monthly gain since October 2015. Interest-rate … Read more

Alberta Eases Crude Cuts as Prices Surge, Producers Suffer

January 31, 2019January 31, 2019 by EnergyNow Media

Jan 30, 2019, by Carlos Caminada and Robert Tuttle (Bloomberg) Alberta is easing mandatory oil curtailments after prices for heavy crude from the Canadian province surged while producers were getting exasperated. The new target for output next month will be 3.63 million barrels a day, up from 3.56 million in January, the provincial government said … Read more

Trump’s Two-Front War on OPEC May Clash With Love of Cheap Oil

January 31, 2019 by EnergyNow Media

Jan 30, 2019, by Grant Smith (Bloomberg) President Donald Trump may soon need to choose between two recurring fixations: battling OPEC nations, and cheap oil. After announcing sanctions on Venezuela’s state-run oil company PDVSA this week, the president is now in conflict with two of the cartel’s founding members, having imposed similar measures against Iran … Read more

Integrated Solutions for Integrated Operations; the STEP-XPRS Sets Off on its Maiden Voyage

January 31, 2019 by EnergyNow Media

Calgary, AB (January 31, 2019) – On January 23, STEP Energy Services’ (STEP) newly commissioned fracturing spread, the STEP-XPRS, marked its maiden voyage as it travelled to a three well pad for a client in the Viking formation. Three annular coil fracs were performed in which a total of 767 tonnes of proppant were pumped at … Read more

Oil Town Fights Man Camps in Effort to Boost Local Population

January 31, 2019 by EnergyNow Media

Jan 30, 2019, by Robert Tuttle (Bloomberg) Fort McMurray, the remote Canadian town largely built by the oil-sands industry, is trying to limit the ability of those companies to fly in out-of-town workers. The town that sits in the middle of the world’s third-largest crude reserves is drafting a bylaw to limit the construction of … Read more

Global Emissions – NO ONE WINS AT THE BLAME GAME – Peter Tertzakian

January 31, 2019January 31, 2019 by EnergyNow Media

Written by Peter Tertzakian | Peter Tertzakian It’s no secret GHG emissions around the world are still rising. Like losing weight over the Holiday Season, shedding a few mega-tonnes is damn tough. So, who is to blame? Or more to the point, who is being blamed? There is a growing trend to hold oil and … Read more

U.S. and Canadian Indigenous groups want sea health study, marine traffic halt

January 31, 2019January 30, 2019 by The Canadian Press

Empty beach chairs rest on the sand as oil washes ashore in Alabama, U.S. Photographer: Kari Goodnough/Bloomberg

VANCOUVER — Indigenous groups in Canada and the United States are calling for a study of how human activity has degraded the waters off British Columbia’s coast before any new vessel traffic is allowed in the area, where port and pipeline activities a…

‘Not out of the woods:’ Alberta easing oil production cuts as price improves

January 30, 2019January 30, 2019 by The Canadian Press

EDMONTON — Alberta is easing mandatory production cuts as the price of oil increases, but industry players remain concerned about the underlying problem that drove the curtailment in the first place: a lack of adequate pipeline capacity.
“We’re not ou…

Husky resumes oil production off Newfoundland following November spill

January 30, 2019January 30, 2019 by The Canadian Press

ST. JOHN’S, N.L. — Husky is resuming oil production work off Newfoundland, two months after operations were suspended following a spill of about 250,000 litres.
The Canada-Newfoundland Offshore Petroleum Board gave Husky’s plan to plug the failed flow…

Gran Tierra Energy Inc. Achieves 140% 2P Reserves Replacement and Increases 2P Reserves to 142 MMBOE

January 30, 2019 by EnergyNow Media

January 30, 2019 | Source: Gran Tierra Energy Inc. CALGARY, Alberta, Jan. 30, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company“) (NYSE American:GTE)(TSX:GTE)(LSE:GTE), a company focused on oil exploration and production in Colombia, today announced the Company’s 2018 year-end estimated reserves as evaluated by the Company’s independent qualified reserves evaluator McDaniel & Associates … Read more

Pulse Seismic Inc. Reports Preliminary Unaudited 2018 Results

January 30, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 29, 2019 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to report its preliminary selected unaudited financial results for the year ended December 31, 2018. These financial results are based on management’s estimates and have not yet been approved by the Company’s Audit Committee or Board … Read more

Precision Drilling Announces 2019 Capital Expenditure Plan, Debt Repayment Update, 2019 Strategic Priorities and Expected Goodwill Impairment

January 30, 2019 by EnergyNow Media

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 news release. CALGARY, Alberta, Jan. 29, … Read more

IEA chief: Too early to assess impact of latest U.S. sanctions on Venezuela

January 30, 2019 by EnergyNow Media

NEW DELHI (Reuters) – The International Energy Agency is yet to assess the impact of the latest U.S. sanctions on Venezuelan oil supplies, its chief Fatih Birol said on Wednesday. “Far too early to speak about Venezuela and we are following the events very closely,” Birol told Reuters on the sidelines of an industry event … Read more

Five Things to Know in World Business Today

January 30, 2019 by EnergyNow Media

Jan 30, 2019, by Lorcan Roche Kelly (Bloomberg) New era at Fed The Federal Open Market Committee is widely expected to hold rates unchanged in a 2.25 percent to 2.5 percent target range when it announces its latest decision at 2:00 p.m. today. Chair Jerome Powell’s new communication era kicks off 30 minutes later with a press … Read more

Global oil industry braces for turmoil from U.S. crackdown on Venezuela

January 30, 2019January 30, 2019 by EnergyNow Media

NEW YORK (Reuters) – More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the measures prohibited. The sanctions, announced on Monday, are aimed at driving President Nicolas Maduro from power, the strongest U.S. measures yet against the socialist … Read more

Oil Extends Gain After Rising Most in a Week on Venezuela Crisis

January 30, 2019January 30, 2019 by EnergyNow Media

Jan 30, 2019, by Sharon Cho and Grant Smith (Bloomberg) Oil rises in New York after jumping the most in more than a week on concerns that U.S. sanctions on Venezuela will pose significant market disruption. West Texas Intermediate futures rose 0.8 percent after climbing 2.5 percent on Tuesday. Venezuela is considering declaring force majeure … Read more

Oil Shock That Never Was: How Shortage Warnings Missed Mark

January 30, 2019January 30, 2019 by EnergyNow Media

Jan 30, 2019, by Grant Smith (Bloomberg) Three years ago, influential figures in the oil industry were sounding a clear warning: prices were too low, investment was collapsing and by the end of the decade the world would face a shortage. In reality, the market today is looking at several more years of plenty, so … Read more

Considering some potential impacts of the Redwater decision

January 30, 2019 by EnergyNow Media

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. No matter which way Canada’s Supreme Court rules, in the post-Redwater world it will … Read more

Scovan: Moving engineering forward with Intelligent 3D models

January 30, 2019January 30, 2019 by EnergyNow Media

Scovan uses intelligent 3D models which is not only effective at the preliminary design stage but also carries through vital information through construction and operations. Data integrity and accurate engineering is retained during the handover process and continues to provide value to our clients well after project completion. Additionally, increasing the intelligence in the model reduces … Read more

High-Strength Geosynthetics Combine on Energy Road Upgrade: Solve Challenges Across Soft Sub grades – Presto Geosystems

January 31, 2019January 30, 2019 by EnergyNow Media

Project Background and Challenges In late 2016, Harvest Energy’s construction consultant, Drifter, was faced with rehabilitating and upgrading an existing access road to handle the rigors of a new plant expansion and commissioning. The modifications were being made to Harvest Operations Black Gold In-Situ Thermal SAGD plant located south of Conklin, AB. The existing Encana … Read more

Canadian National Rail profit beats on higher crude, grain shipments, raises dividend

January 30, 2019January 30, 2019 by EnergyNow Media

(Reuters) – Canadian National Railway Co beat analysts’ estimates for quarterly profit on Tuesday, as it transported higher volumes of petroleum crude and Canadian grain. A lack of pipelines to the United States and oversupply have led Canadian energy producers to look for alternatives such as railroads to ship crude. As a result, Canada’s largest … Read more

Energy Connect Virtual Conference and Expo Registration Now Open!

January 30, 2019 by EnergyNow Media

Energy Connect Virtual Conference and Expo is a world class oil and gas technology event that is held entirely online. It is a place where oil and gas professionals convene to engage in dialogue, create partnerships, do business, and identify the solutions and strategies that will shape the industry for the year ahead. Energy Connect Virtual Conference … Read more

Alberta’s Oil Curtailment Sugar High Shows Signs of Wearing Off

January 30, 2019 by EnergyNow Media

Jan 29, 2019, by Kevin Orland (Bloomberg) The sugar high from Alberta’s crude curtailment program may be wearing off. While the program has sent heavy Canadian crude prices surging from record lows to decade highs, it hasn’t done nearly as much to boost companies’ shares and not all producers have been thrilled with the program, … Read more

Drilling forecast cut due to lower expectations for 2019 oilpatch spending

January 30, 2019January 30, 2019 by The Canadian Press

CALGARY — The Petroleum Services Association of Canada is cutting 1,000 wells from its 2019 drilling forecast due to what it calls deteriorating investor confidence in Canada.
The industry group says it now expects 5,600 wells to be drilled in Canada …

PSAC Forecast Update Shows Deteriorating Investor Confidence Weighs Heavily on Sector

January 29, 2019 by EnergyNow Media

CALGARY, AB (January 29, 2019) – In its first update to the 2019 Canadian Drilling Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2019 to 5,600 wells. This represents a decrease of 1,000 wells, or 15 percent, from PSAC’s original 2019 … Read more

Mexico, Iraq expected to fill Venezuelan oil gap ahead of Canada, analysts say

January 29, 2019January 29, 2019 by The Canadian Press

CALGARY — Analysts say a lack of export pipeline capacity means Canada will not be able to boost shipments to take advantage of U.S. sanctions against Venezuela’s national oil company, PDVSA.
The sanctions announced Monday are designed to interrupt th…

TransCanada hires RBC to help sell up to 75% stake in Coastal GasLink pipeline

January 29, 2019January 29, 2019 by The Canadian Press

CALGARY — TransCanada Corp. says it has hired RBC to help it sell as much as a 75 per cent stake in the Coastal GasLink pipeline project designed to supply natural gas from northeastern B.C. to the LNG Canada facility on the West Coast at Kitimat.
The…

ExxonMobil backs high-tech rescue for collapsing Arctic ice cellars

January 29, 2019 by EnergyNow Media

KAKTOVIK, Alaska (Thomson Reuters Foundation) – When Inupiaq hunters wrestle a 100-ton bowhead whale back to land from the high seas, the next challenge is where to store all that meat. For centuries, the Inupiaq, a Native Alaskan group that lives north of the Arctic Circle, have dug cellars into the permafrost as a form … Read more

How the World Should Act Against Climate Change: Paul Ferraro

January 29, 2019 by EnergyNow Media

Jan 29, 2019, by Paul J. Ferraro (Bloomberg Opinion) Mitigating climate change is easy. We need only make it more expensive to emit greenhouse gases. Unfortunately, that would also make energy more expensive, and many people would prefer that governments make energy less expensive. Witness the protests started over a modest gas tax in France, … Read more

Five Things to Know in World Business Today

January 29, 2019 by EnergyNow Media

Jan 29, 2019, by Lorcan Roche Kelly (Bloomberg) Huawei now? U.S. prosecutors allege Huawei Technologies Co. stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran in charges filed in New York and Washington state yesterday. While the company has been in the crosshairs of the U.S. … Read more

U.S. Sanctions on PDVSA Look Like a De Facto Oil Embargo

January 29, 2019January 29, 2019 by EnergyNow Media

Jan 29, 2019, by Tina Davis and Javier Blas (Bloomberg) The U.S. government’s decision to impose sweeping sanctions on Venezuela’s state oil company appears to be, in essence, a ban on selling the country’s crude to the U.S — and potentially across the world. The Trump administration sanctioned Petroleos de Venezuela SA and the country’s … Read more

WATCH: Osprey Reach – Intelligent Visual Monitoring

January 29, 2019 by EnergyNow Media

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.com/video Osprey Reach is an enterprise intelligent visual monitoring solution for exception-based management of field operations, assets and facilities.

Oil gains as U.S. imposes sanctions on Venezuela, global supplies weigh

January 29, 2019January 29, 2019 by EnergyNow Media

LONDON (Reuters) – Oil prices rose on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA in a move that may curb the OPEC member’s crude exports, but price rises were capped by ample global supply and signs of a slowing Chinese economy. International Brent crude oil futures were up 51 cents at … Read more

Notley encouraged by industry interest in building new Alberta refinery

January 29, 2019January 29, 2019 by The Canadian Press

CALGARY — Alberta Premier Rachel Notley says her government has met with about a dozen companies about potentially building a new oil refinery.
Last month the province invited the industry to pitch a brand new refinery or an expansion of an existing o…

‘Frustration and hopelessness’: Laid-off Albertans struggle as oil patch braces for more job losses

January 29, 2019January 29, 2019 by EnergyNow Media

Nicole Gibillini BNN Bloomberg Canada’s energy sector has taken a hit in recent months as the price of Canadian heavy oil hit record lows and lack of pipeline capacity took its toll, leading major oil and gas companies to cut their 2019 production forecasts and some economists to warn about the possibility of layoffs in the coming year. … Read more

Starts Friday: Oilpatch financial results expected to reflect extreme Q4 oil price volatility

January 29, 2019January 29, 2019 by The Canadian Press

CALGARY — Fourth-quarter results from Canada’s biggest oil and gas companies will likely feature some surprises, as well as revisions to forward plans, given extreme volatility in commodity prices in the last three months of 2018, financial analysts s…

Saudi Arabia showcases $53B in deals at conference

January 28, 2019January 28, 2019 by The Canadian Press

DUBAI, United Arab Emirates — Saudi Arabia has announced nearly 40 agreements worth $53 billion, billed as the latest effort by Crown Prince Mohammed bin Salman to attract investment, create jobs and diversify revenue away from oil.
A further 29 deals…

Saudis Pledge Deeper Oil Cuts in February Under OPEC+ Deal

January 28, 2019 by EnergyNow Media

Jan 28, 2019, by Anthony DiPaola, Matthew Martin and Sarah Algethami (Bloomberg) Saudi Arabia expects to reduce oil output once again in February and pump for six months at levels “well below” the production limit it accepted under OPEC’s oil-cuts accord, Energy Minister Khalid Al-Falih said. The world’s biggest exporter targeted production of 10.2 million barrels … Read more

Corporations’ Hunger for Clean Power Has Never Been Bigger

January 28, 2019 by EnergyNow Media

Jan 28, 2019, by Brian Eckhouse (Bloomberg) Corporations couldn’t be any clearer: They want cheap renewable energy. Companies and government agencies last year signed contracts to buy 13.4 gigawatts of clean power, comparable to Nevada’s total generating capacity. That easily shattered the prior record of 6.1 gigawatts that was set in 2017, according to a … Read more

Peyto Announces TSX Approval for Renewed Normal Course Issuer Bid

January 28, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 25, 2019 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto” or the “Company“) is pleased to announce that the Toronto Stock Exchange (“TSX“) has accepted the Company’s notice of intention to commence a normal course issuer bid (the “NCIB“). Pursuant to the NCIB, Peyto may purchase up to 12,400,000 … Read more

Climate Investment Funds to issue $500 million green bond this year or next

January 28, 2019 by EnergyNow Media

RABAT (Reuters) – The Climate Investment Funds (CIF) plans to raise $500 million this year or next by issuing a green bond to finance renewable energy projects, the organization’s head said on Sunday. The $8 billion fund gets most of its money from development banks and donor countries and finances more than 300 environmentally-friendly energy … Read more

Five Things to Know in World Business Today

January 28, 2019 by EnergyNow Media

Jan 28, 2019, by Lorcan Roche Kelly (Bloomberg) Shutdown ends, for now The partial government shutdown has ended with a temporary funding bill that will re-open agencies through Feb. 15. President Donald Trump made clear that he is willing to close the government again, or use emergency powers, should lawmakers fail to provide funding for his border … Read more

Fortis to Sell Its Interest in the Waneta Expansion Hydroelectric Project in British Columbia

January 28, 2019January 28, 2019 by EnergyNow Media

ST. JOHN’S, Newfoundland and Labrador, Jan. 28, 2019 (GLOBE NEWSWIRE) — Consistent with its capital investment funding strategy, Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) today announced it has entered into a definitive agreement with Columbia Power Corporation (“CPC”) and Columbia Basin Trust (“CBT”) to sell its 51% interest in the Waneta Expansion Hydroelectric Project in British Columbia (“Waneta Expansion”) for approximately … Read more

Oil falls as U.S. adds rigs; still set for best January in 14 years

January 28, 2019January 28, 2019 by EnergyNow Media

LONDON (Reuters) – Oil fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest gain in the month of January for 14 years. The ongoing trade dispute between the United States … Read more

Projections for the 2019 Canadian Construction Industry – FMI Corporation

February 6, 2019January 28, 2019 by EnergyNow Media

FMI Corporation is pleased to announce the release of its North American Overview with Canada Construction Outlook, including the following highlights: Total 2018 construction spending for put-in-place vs. forecasted growth Put-in-place spend forecast through 2022 Forecast growth by segment Valuable insights from FMI executives on how to navigate the next 12 months Overall, Canada’s construction … Read more

The Ballad of the Cowardly Salesperson – Sandler Training

January 28, 2019 by EnergyNow Media

Verse One – Prospecting The Cowardly Salesperson looks at their prospecting plan for the week and rolls their eyes. The told their manager what their manager wanted to hear when they built their plan. The Cowardly Salesperson believed that they didn’t need a plan because they had “great relationships” and their company had a “great reputation” … Read more

6 Reasons Your Safety Program Isn’t Working – Hawk Incentives

January 28, 2019 by EnergyNow Media

And what you can do to improve it There’s no reason a safety program shouldn’t offer solid ROI. If your program is under performing, diagnose and fine-tune for better results. Many companies, especially those in manufacturing, energy, and natural resources, have safety programs in place. An example of a highly successful program is the one … Read more

SURPLUS EQUIPMENT: Sweet Horizontal Separator 3 Phase (with blowcase), 48″ 1440psi – Ironhub

January 28, 2019 by EnergyNow Media

Click here to see the specifications for Sweet Horizontal Separator 3 Phase (with blowcase), 48″ 1440psi About Marketplace by IronHub Markeplace by IronHub is North America’s leading surplus collaboration tool. Source, connect and save – all in one place. Visit: marketplace.theironhub.com

Hiring? Here are 8 tips from a Co-Founder – Aimsio

July 20, 2022January 28, 2019 by EnergyNow Media

By: Abbas Sarraf, Co-Founder and Head of Product at Aimsio To date, we’ve conducted hundreds of interviews and hired over 30 people. We had to do a lot of reading before making our first hire and we eventually became firm believers in the saying “hire like your life depends on it”. You only need one … Read more

No more coal investments for Export Development Canada, new policy says

January 28, 2019January 28, 2019 by The Canadian Press

OTTAWA — Canada’s export development bank is getting entirely out of the coal game but will continue to fund the oil and gas sector as the world transitions towards cleaner sources of energy.
Export Development Canada’s new climate-change policy means…

Canada Weekly Rig Count Up 23 for Week Ending January 25, 2019

January 28, 2019January 28, 2019 by EnergyNow Media

Canada’s drilling rig count increased by 23 actively drilling rigs according to data collected by Baker Hughes for the week of January 25, 2019. From one week ago, Alberta rig counts increased 23 to 161 and the Saskatchewan rig counts decreased 1 to 49. Oil drilling increased 18 to 146 and gas increased 5 to … Read more

No sales tax, but Alberta premier says wait and see for detailed plan

January 28, 2019January 27, 2019 by The Canadian Press

EDMONTON — Alberta Premier Rachel Notley says she won’t bring in a sales tax, a health premium or a payroll tax and will wait until closer to the provincial election to outline further details.
“Stay tuned for the rest of it,” Notley said Friday.
She …

Trans Mountain pipeline work destroyed salmon habitat, scientist says

January 27, 2019January 27, 2019 by The Canadian Press

VANCOUVER — Work on a Trans Mountain pipeline crossing in a British Columbia stream has destroyed salmon habitat, raising concerns about the Crown corporation’s ability to build infrastructure through waterways if the expansion project proceeds, a sci…

Coastal GasLink stops work on pipeline in northern B.C., says traps placed on site

January 25, 2019January 25, 2019 by The Canadian Press

HOUSTON, B.C. — A company building a pipeline has stopped work on the project in northwestern British Columbia where 14 people were arrested earlier this month.
Coastal GasLink says in a notice posted on its website on Thursday that it stopped work in…

U.S. drillers add rigs this week, but cut most in a month since 2016: Baker Hughes

January 25, 2019 by EnergyNow Media

(Reuters) – U.S. energy firms this week increased the number of oil rigs operating for the first time this year but the rig count in January fell the most in a month since April 2016, as the boom in the Permian, the nation’s biggest shale oil formation, cools. Drillers added 10 oil rigs in the … Read more

Enerplus focuses $600-million budget on growing North Dakota oil production

January 25, 2019January 25, 2019 by The Canadian Press

CALGARY — Enerplus Corp. says it will increase spending and production this year while continuing to focus on its North Dakota Bakken light oil play.
The mid-sized producer says it plans to spend between $565 million and $635 million this year, with t…

Trump Eyes Action to Limit States’ Powers to Block Pipelines

January 25, 2019 by EnergyNow Media

Jan 25, 2019 by Ari Natter and Jennifer A. Dlouhy (Bloomberg) The Trump administration is considering taking steps to limit the ability of states to block interstate gas pipelines and other energy projects, according to three people familiar with the deliberations. The effort, possibly done through an executive order, is aimed chiefly at states in … Read more

Morneau Sees Canada Expansion on Track Despite Headwinds

January 25, 2019 by EnergyNow Media

Jan 25, 2019, by Josh Wingrove (Bloomberg) Despite trade headwinds and an oil shock, Canada’s economy remains on track to grow this year and in the “forecastable future,” Finance Minister Bill Morneau said. Morneau, speaking in an interview Friday at the World Economic Forum in Davos, Switzerland, said a November shock in Canadian crude prices … Read more

First Nations Continue to Speak Out In Favour Of Coastal Gas Link Pipeline & LNG Canada

January 25, 2019 by EnergyNow Media

By Cheryl Jahn PRINCE GEORGE – The Chief Counsellor for the Haisla and the chiefs of 20 different First Nations in support of LNG Canada and Coastal Gas Link held a media event at the Natural Resources Forum. She outlined the opportunities that have and will accrue to the 20 First nations that have signed agreements on … Read more

Enerplus Announces Fourth Quarter Update, 2019 Budget and Three-Year Outlook

January 25, 2019 by EnergyNow Media

January 25, 2019 CNW CALGARY, Jan. 25, 2019 /CNW/ – Enerplus Corporation (“Enerplus” or the “Company”) (TSX & NYSE: ERF) today announced fourth quarter 2018 production at the high-end of its guidance range, its 2019 exploration and development capital budget of $565 to $635 million and a three-year outlook through 2021. “We’re focused on maximizing returns, driving profitable growth and positioning our … Read more

Zargon Oil & Gas Ltd. Announces Q4 2018 Production Volumes and 2018 Year End Reserves

January 25, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 25, 2019 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (the “Company” or “Zargon”) (TSX:ZAR) announces fourth quarter 2018 production volumes and announces 2018 year end reserves. Zargon intends to release its 2018 audited financial results on March 14, 2019, after market close. 2018 FOURTH QUARTER PRODUCTION VOLUMES: Fourth quarter 2018 production averaged … Read more

Just Energy to Announce Third Quarter Fiscal 2019 Results

January 25, 2019 by EnergyNow Media

TORONTO, Jan. 25, 2019 (GLOBE NEWSWIRE) — Just Energy Group, Inc. (TSX:JE; NYSE:JE), a leading consumer company focused on essential needs including electricity and natural gas commodities, health and well-being products, and utility conservation, today announced that it will release operating results for the third quarter of fiscal 2019 after market close on February 6th, … Read more

Oil Steadies Near $53 as Venezuela Crisis Assessed With Caution

January 25, 2019 by EnergyNow Media

Jan 25, 2019, by Grant Smith and Javier Blas (Bloomberg) Oil steadied near $53 a barrel as traders assessed whether an escalating crisis in Venezuela will reduce already-depleted exports from the OPEC member. Futures were little changed in New York. President Donald Trump’s recognition of Venezuela’s political opposition, along with the threat of sanctions on … Read more

Five Things to Know in World Business Today

January 25, 2019 by EnergyNow Media

Jan 25, 2019, by Lorcan Roche Kelly (Bloomberg) Another push After the failure of two opposing bills to gain sufficient support in the Senate to end the government shutdown, new negotiations between leaders on both sides of the aisle and the White House have begun, signalling the potential for a deal to end the impasse. President … Read more

Party is over for dirt-cheap solar panels, says China executive

January 25, 2019 by EnergyNow Media

DAVOS, Switzerland (Reuters) – The global solar power industry is about to lose a major competitive windfall as prices of Chinese-made solar panels begin to recover after a collapse last year, the leader of one of the world’s top manufacturers said on Thursday. “The party if definitely over,” said Eric Luo, president of China’s GCL … Read more

OPEC focused on averting new oil glut before April meeting: Barkindo

January 25, 2019 by EnergyNow Media

DAVOS, Switzerland (Reuters) – OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC’s secretary general told Reuters. Worried by a drop in oil prices and rising supplies, the Organization of the Petroleum Exporting Countries and non-OPEC countries … Read more

U.S. gasoline glut hits new record, crude stocks up: EIA

January 25, 2019 by EnergyNow Media

(Reuters) – U.S. gasoline inventories jumped to a record high in the most recent week even as refiners cut back activity, the Energy Information Administration said on Thursday, while crude stocks rose sharply. Gasoline stocks rose for an eighth consecutive week, by 4.1 million barrels to a record 259.6 million barrels, compared with analysts’ expectations … Read more

Trump’s Energy Policies Have Inspired a Global Climate Movement

January 25, 2019 by EnergyNow Media

Jan 24, 2019, by Eric Roston (Bloomberg) An architect of the Paris Agreement on climate change thanked President Donald Trump yesterday for his policies supportive of fossil-fuel industries, because they effectively provoked companies, investors and cities into cutting greenhouse gas emissions. “Every time we hear yet another inexplicable attack on someone or something or some … Read more

Indian Act to blame for pipeline gridlock in northern B.C.: federal minister

January 25, 2019January 25, 2019 by The Canadian Press

VANCOUVER — Canada’s minister of Crown-Indigenous relations is pointing her finger at the Indian Act for creating a gridlock in northern British Columbia where some hereditary clan chiefs say a liquefied natural gas pipeline doesn’t have their consent…

‘Not cutting corners:’ Resources minister says no rushing Trans Mountain review

January 26, 2019January 25, 2019 by The Canadian Press

CALGARY — Natural Resources Minister Amarjeet Sohi says the federal government won’t cut corners to speed up a full review of the proposed Trans Mountain pipeline expansion.
The government bought the pipeline for $4.5 billion last summer only to have …

No Pipeline Space Results in Record Crude-by-Rail Loads as Canadian Oil Hits the Tracks

January 25, 2019January 25, 2019 by EnergyNow Media

Jan 24, 2019, by Robert Tuttle (Bloomberg) Heavy Canadian crude isn’t getting any cheaper — but that hasn’t stopped companies from splurging on costly rail shipments. Rail-car loadings hit a record 356,000 barrels a day in the week ended Jan. 11, up from a daily average of 296,000 barrels in December, according to Genscape Inc., … Read more

Oil prices in 2019? It’s all about the economy: Kemp

January 24, 2019 by EnergyNow Media

LONDON (Reuters) – Oil prices this year will be influenced primarily by the health of the global economy, which is why prices have closely tracked equity and bond markets in recent months. U.S. shale production growth, the policy of OPEC and its allies, U.S. sanctions on Iran, and the threat of sanctions on Venezuela may … Read more

Venezuela Oil Woes Add Urgency to Canadian Pipeline, Rail Plans

January 24, 2019 by EnergyNow Media

Jan 24, 2019, by Kevin Orland and Robert Tuttle (Bloomberg) With the U.S. considering sanctions against Venezuelan crude, there’s little doubt that Gulf Coast refiners would look north to Canada to fill the gap. The question is whether Canada can get them enough oil to slake their demand. Declining Venezuelan shipments have been underpinning demand … Read more

November crude-by-rail exports set new record despite slower growth pace

January 24, 2019January 24, 2019 by The Canadian Press

CALGARY — The National Energy Board says crude-by-rail exports from Canada grew at a slower pace in November, but still reached a new record high.
Canada exported more than 330,000 barrels per day of oil, up about one per cent from October’s total of …

‘Under Siege’: Oil Industry Mulls Raising Returns and PR Game

January 24, 2019 by EnergyNow Media

DAVOS, Switzerland (Reuters) – When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors. The conclusion of the discussions was worrying for those present – pressure is rising … Read more

BP invests in Chinese electric vehicle charging platform

January 24, 2019 by EnergyNow Media

LONDON (Reuters) – BP (BP.L) said on Thursday it had invested in Chinese start-up PowerShare, which links electric vehicle drivers to charging points and helps power suppliers balance distribution. The PowerShare application, which is used in cities such as Shanghai, will help manage growing pressure on power grids as electric vehicles (EVs) usage surges in … Read more

George Eynon: Energy, the Environment and the Economy – Confusion, Ignorance and Partisan Politics: Canada’s Dysfunctional Confederation

January 24, 2019January 24, 2019 by EnergyNow Media

by George Eynon PGeo FGC FEC [hon] A Calgary-based n Energy and Regulatory consultant with 45 years’ experience. A former global oil & gas executive; former ERCB Board Member / AER Hearing Commissioner; and currently an SME with the School of Public Policy and Haskayne School of Business at the University of Calgary. Join George … Read more

Oil Slides as Economic and Supply Fears Offset Venezuela Risk

January 24, 2019 by EnergyNow Media

Jan 24, 2019, by Grant Smith (Bloomberg) Oil fell as a darkening outlook for the global economy offset the risk of American sanctions on OPEC member Venezuela’s crude. March futures in New York dropped 0.9 percent, extending Wednesday’s decline. Germany’s industrial slump worsened at the start of 2019, while an extended shutdown of the U.S. … Read more

Five Things to Know in World Business Today

January 24, 2019 by EnergyNow Media

Jan 24, 2019, by Lorcan Roche Kelly (Bloomberg) No end in sight Two Senate votes today aimed at ending the shutdown are likely to fail, leaving the current deadlock in place. With neither side willing to give way on the substantial issue of funding for President Donald Trump’s border wall, prospects for a compromise remain … Read more

The Big Oil Agencies’ Verdict on OPEC+ Pact: Glut Averted

January 24, 2019 by EnergyNow Media

Jan 23, 2019, by Julian Lee (Bloomberg) Oil producing states in OPEC and beyond are going to prevent a buildup of global crude inventories in the first half of this year—assuming they can resist the temptation to cheat on a December pact to restrict supplies. That’s the main takeaway from supply-and-demand studies of the oil industry’s most-watched organizations: … Read more

Oil CEOs See Market Rebalancing as Outlook Blurred by China Risk

January 24, 2019January 24, 2019 by EnergyNow Media

Jan 23, 2019, by Amanda Jordan and Javier Blas (Bloomberg) The oil market is gradually returning to balance as OPEC reins in output and the U.S. shale boom slows, according to executives gathered at Davos. Yet the risk of stalling growth in China continues to cloud the outlook. “The supply and demand looks balanced for … Read more

CP Railway sees record-setting 2019, posts strong profit

January 24, 2019January 24, 2019 by EnergyNow Media

TORONTO/BANGALORE (Reuters) – Canadian Pacific Railway Ltd expects double-digit earnings growth in 2019, the country’s second-biggest rail operator said on Wednesday, lifted by strong pricing and growing demand for shipments of crude and other commodities. The Calgary-based company, which got a sizeable revenue lift from crude in its fourth quarter, said it expects crude shipments … Read more

INDUSTRY SURVEY: PetroLMI, Division of Energy Safety Canada, is researching the labour force’s interest and willingness to pursue a career in Canada’s Oil & Gas Industry

January 24, 2019January 24, 2019 by EnergyNow Media

The PetroLMI Division of Energy Safety Canada is researching the labour force’s interest and willingness to pursue a career in Canada’s oil and gas industry, particularly after the oil price downturn that has affected thousands of workers across Canada. The study will include input from secondary research, an online national survey, as well as a … Read more

Participate in the expanded Digital Transformation Zone at Global Petroleum Show 2019

January 24, 2019 by EnergyNow Media

The Digital Transformation Zone (formally the Digital Oilfield Zone), one of the most popular exhibition features, launched in 2014, is back bigger and better at Global Petroleum Show this year as the show continues to keep up with the latest developments across the oil and gas industry. Digital transformation is the number one IT trend that will … Read more

Book Your Space – ISA Calgary Show April 9-10, 2019

February 1, 2019January 24, 2019 by EnergyNow Media

Participate in North America’s leading event in Instrumentation, Systems & Automation Every two years, the industry converges in Calgary for North America’s leading ISA trade show & conference. A foremost event for the instrumentation and automation industry, ISA Calgary Show draws exhibitors and visitors from around the world to share best practices, network with industry colleagues … Read more

Despite 60% support, Husky decided to scrap the MEG oil merger – Here’s Why!

January 24, 2019January 24, 2019 by EnergyNow Media

January 23, 2019, Reuters When the final numbers were tallied late last Wednesday for Husky Energy’s hostile bid for rival Canadian oil producer MEG Energy, Husky’s top executives learned they had the support of nearly 60 percent of MEG shareholders, people familiar with the situation told Reuters. That meant they easily surpassed the 50 percent threshold … Read more

OPEC-Style Cut Leaves Canada Market in Dark as Volatility Jumps

January 24, 2019 by EnergyNow Media

Jan 23, 2019 by Robert Tuttle (Bloomberg) Alberta’s OPEC-style oil production cut is working as planned, according to the Canadian province, but a dearth of timely crude-market data means traders don’t really know what’s going on. Calls for a better system to inform the market about Canadian crude inventories, output and shipments are occupying center … Read more

Toronto stock market falls on lower crude oil prices; U.S. markets up slightly

January 23, 2019January 23, 2019 by The Canadian Press

TORONTO — Canada’s main stock index dipped for just the third time in a month as lower crude oil prices hurt the key energy sector.
The S&P/TSX composite index closed down 25.43 points at 15,208.33 on a quiet day of trading after a rough December and …

Trudeau says he and Saskatchewan premier talking despite carbon tax differences

January 23, 2019 by The Canadian Press

LA LOCHE, Sask. — Prime Minister Justin Trudeau says he continues to work with Saskatchewan Premier Scott Moe despite their differences over the federal carbon tax.
Trudeau was asked at a funding announcement in La Loche on Wednesday whether he would …

Crescent Point Receives Approval for Normal Course Issuer Bid

January 23, 2019 by EnergyNow Media

January 23, 2019 CNW CALGARY, Jan. 23, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce the Toronto Stock Exchange (“TSX”) has accepted its notice to implement a normal course issuer bid (“NCIB”) to purchase, for cancellation, up to 38,424,678 common shares, or seven percent of the … Read more

InPlay Oil Corp. Provides Operations Update and 2019 Capital Budget

January 23, 2019 by EnergyNow Media

January 22, 2019 Globe Newswire CALGARY, Alberta, Jan. 22, 2019 (GLOBE NEWSWIRE) — InPlay Oil Corp. (“InPlay” or “the Company”) (TSX: IPO, OTCQX: IPOOF) is pleased to announce that its Board of Directors has approved a $36 million Exploration and Development capital program for 2019. A year of exceptional operational results in 2018, drilling pacesetter horizontal … Read more

Bellatrix Announces Voluntary NYSE Delisting

January 23, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 22, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that its board of directors has determined to commence procedures for the voluntary delisting of the Company’s common shares from the New York Stock Exchange (“NYSE”). Bellatrix has notified the NYSE of its intent to file … Read more

Bloomberg: Wind & Solar Jobs Growth Is 200% of Any Other Career

January 23, 2019 by EnergyNow Media

TEHACHAPI, CA, USA, January 23, 2019 /EINPresswire.com/ — Fossil fuels are as obsolete as are the dinosaurs from which they originated. Fundamental economics and humanity’s instinctive commitment to survival of the species dictate as much. Transient politics and politicians notwithstanding, the U.S. private sector and even government agencies themselves are investing hundreds of billions of … Read more

Oil Rises on Expectations of Market Balance, Slower Shale Growth

January 23, 2019 by EnergyNow Media

Jan 23, 2019, by Grant Smith (Bloomberg) Oil recovered after its biggest decline in more than a week on signs U.S. shale supply growth is slowing, and expectations that OPEC’s output cuts are well on their way to balancing the market. West Texas Intermediate futures added 0.8 percent, having slipped more than 2 percent on … Read more

Five Things to Know in World Business Today

January 23, 2019 by EnergyNow Media

Jan 23, 2019, by Lorcan Roche Kelly (Bloomberg) Trying something Lawmakers in the Senate will vote tomorrow on competing proposals aimed at ending the record-setting U.S. government shutdown. Neither looks likely to succeed: One includes funding for President Donald Trump’s border wall and is likely to be blocked by Democrats in the House, while the … Read more

EIA Sees Strong Renewable Growth Over Next Two Years

January 23, 2019 by EnergyNow Media

January 22, 2019, by Renewable Energy World Editors The U.S. Energy Information Administration (EIA) expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years. EIA’s January 2019 Short-Term Energy Outlook(STEO) forecasts that electricity generation from utility-scale solar generating … Read more

U.S. shale oil output to rise to record 8.179 million bpd in February: EIA

January 23, 2019January 23, 2019 by EnergyNow Media

NEW YORK (Reuters) – U.S. oil output from seven major shale formations is expected to rise by nearly 63,000 barrels per day (bpd) in February to a record 8.179 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday. The largest change is forecast in the Permian Basin of Texas and … Read more

Digitalizing Wind Power: Myths, Challenges and Approaches

January 23, 2019 by EnergyNow Media

January 22, 2019, by Dr. Xiaoqin Ma (Renewable Energy World) Digitalization has become a worldwide focus and the race to become the global leader in Artificial Intelligence (AI) is becoming increasingly competitive, with many countries, including Canada, China, and the UK releasing strategies in the last twenty months to promote the use and development of … Read more

How to Move Sticky Crude: Oil Sands Throws New Tech at Old Foe

January 23, 2019January 23, 2019 by EnergyNow Media

Jan 23, 2019 by Kevin Orland (Bloomberg) In their quest to make one of the most expensive methods of producing crude more profitable, Canada’s oil-sands companies have been ramping up efforts to get their peanut butter-like bitumen to flow through pipelines more easily and cheaply. MEG Energy Corp. threw a spotlight on those efforts on … Read more

Alberta Targets $2 Billion Upgrader to Get More From Oil

January 23, 2019January 23, 2019 by EnergyNow Media

Jan 22, 2019, by Kevin Orland and Robert Tuttle (Bloomberg) Alberta is working to encourage construction of a C$2 billion ($1.5 billion) partial-upgrading facility that would turn more of the province’s sludgy bitumen into higher-value products. The facility, designed by Calgary-based Value Creation Inc., would be located near Edmonton and process 77,500 barrels of diluted … Read more

How drilling contractors can dig deeper to win more business

January 23, 2019 by EnergyNow Media

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. Oil price volatility since 2014 has had a tremendous impact on drilling activity and … Read more

Taxpayers Federation calls for an end to corporate welfare in Alberta -dennounces $440 million loan guarantee

January 23, 2019January 23, 2019 by EnergyNow Media

January 22, 2019 CALGARY, AB: The Canadian Taxpayers Federation is criticizing the Alberta government for announcing a $440 million loan guarantee for an upgrading facility rather than growing the provincial economy through broader competitiveness measures. “Albertans continues to face hard times and the government needs to take action, but corporate welfare just doesn’t work,” said Franco Terrazzano, Alberta … Read more

Commentary: It’s Hard to be Optimistic About 2019 – Gwen Morgan – Retired Canadian Business Leader

January 23, 2019January 23, 2019 by EnergyNow Media

Times Colonist · 20 Jan 2019 · GWYN MORGAN Gwyn Morgan of North Saanich is a retired Canadian business leader who has been a director of five global corporations.See Times Article HERE What was Canada’s biggest business news story of 2018? According to the pundits at the Canadian Press, it wasn’t the giveaway of Canadian oil … Read more

What the Energy Industry wants to see from Alberta politicians as they gear up for the next election – CAPP

January 23, 2019January 23, 2019 by The Canadian Press

CALGARY — The energy industry has revealed what it wants to see from Alberta politicians as they gear up for a spring election.
The Canadian Association of Petroleum Producers says politicians should enact policies that will double the industry’s grow…

Alberta government to partially backstop new $2-billion bitumen upgrader

January 22, 2019January 22, 2019 by The Canadian Press

CALGARY — The Alberta government is providing a $440-million loan guarantee to help a Calgary-based company build a bitumen upgrader east of Edmonton.
Value Creation Inc. says it’s ready to break ground on the $2-billion upgrader that would convert mo…

A vote for energy is a vote for a prosperous Alberta: CAPP Alberta Energy Platform

January 22, 2019 by EnergyNow Media

JANUARY 22, 2019 – CALGARY, ALBERTA Alberta has an opportunity to become one of the most attractive places in the world for oil and natural gas investment, but only if Albertans vote for energy in the next provincial election, and insist political parties adopt policies aimed at enhancing industry’s competitiveness, according to The Canadian Association … Read more

MEG Energy announces disciplined 2019 capital investment plan, maintains optionality to reach 113,000 bpd in 202

January 22, 2019 by EnergyNow Media

January 22, 2019 CNW All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Jan. 22, 2019 /CNW/ – MEG Energy Corp. (TSX:MEG) announced today its 2019 capital investment plan and operational guidance. Highlights include: A base capital budget of $200 million, to be fully funded with expected 2019 adjusted funds flow from operations, designed to … Read more

Razor Energy Corp. Announces 2019 Corporate Budget and Guidance

January 22, 2019 by EnergyNow Media

January 22, 2019 Globe Newswire CALGARY, Alberta, Jan. 22, 2019 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) (www.razor-energy.com) is pleased to announce that its Board of Directors (the “Board”) has approved a capital budget of $13.5 million for fiscal 2019 that allows Razor to maintain production levels while continuing to pay … Read more

Tallgrass Energy and Kinder Morgan Announce Exclusive Agreement for Rockies Crude Oil Transportation Service to Downstream Markets

January 22, 2019 by EnergyNow Media

LEAWOOD, Kan.–(BUSINESS WIRE)–Tallgrass Energy, LP (NYSE: TGE) and Kinder Morgan, Inc. (NYSE: KMI) today announced an agreement to jointly develop a solution to increase existing crude oil takeaway capacity in the growing Powder River and Denver-Julesburg basins and to add incremental capacity to the Williston Basin and portions of Western Canada. Pursuant to the agreement, … Read more

To meet climate goals, world urged to reuse natural resources

January 22, 2019 by EnergyNow Media

KUALA LUMPUR (Thomson Reuters Foundation) – More of the billions of tonnes of materials the world uses each year must be recycled and reused to keep climate change in check, researchers said on Tuesday. Only about a tenth of the nearly 93 billion tonnes of materials utilized annually – including minerals, metals, fossil fuels and … Read more

Oil Declines on Concerns Over China, Global Economic Growth

January 22, 2019 by EnergyNow Media

Jan 22, 2019, by Grant Smith and Tsuyoshi Inajima (Bloomberg) Oil fell amid mounting concerns that slowing growth in China, and the global economy in general, will undermine demand for crude. Brent futures declined as much as 1.6 percent in London. Chinese President Xi Jinping, meeting the country’s top leaders on Monday, stressed the need … Read more

Rise of Shale Is Slowly Choking Off Decades-Old Gasoline Trade

January 22, 2019 by EnergyNow Media

Jan 21, 2019, by Prejula Prem and Jack Wittels (Bloomberg) The rise of U.S. shale oil is choking off a historic gasoline trade, dealing a blow to European refineries that for decades have relied on American drivers to buy their excess supplies. Over the past month, tankers shipping European gasoline to the world’s biggest consumer … Read more

Saudi Arabian Energy Minister Al-Falih Set to Cancel Davos Trip

January 22, 2019 by EnergyNow Media

Jan 22, 2019, by Javier Blas (Bloomberg) Saudi Energy Minister Khalid Al-Falih is unlikely to attend the World Economic Forum in Davos, the latest high-ranking official to plan on skipping this year’s gathering, according to people with knowledge of his plans. The minister’s travel plans are still in flux, so it’s still possible, albeit unlikely, … Read more

Five Things to Know in world Business Today

January 22, 2019 by EnergyNow Media

Jan 22, 2019, by Lorcan Roche Kelly (Bloomberg) Day 32 There’s still no sign that the longest government shutdown in U.S. history is ending as House Democrats say they will reject legislation Senate Majority Leader Mitch McConnell is expected to put forward to advance a proposal from President Donald Trump. Even with 800,000 federal workers set to miss … Read more

MEG Energy looks to make changes after Husky drops hostile takeover attempt

January 22, 2019January 22, 2019 by The Canadian Press

CALGARY — MEG Energy Inc. is looking to make changes to its board of directors and restart a strategic review of its partial upgrading technology following Husky Energy Inc.’s decision to drop its hostile takeover offer for the company.
The company sa…

Confident U.S. Oil Industry Set to Ratchet Up Spending in 2019: Study

January 22, 2019January 22, 2019 by EnergyNow Media

Jan 21, 2019, by Kelly Gilblom (Bloomberg) After years of gloom, the oil industry’s out of its slump. Three-quarters of senior oil and gas professionals surveyed by energy and maritime services company DNV GL AS say they are optimistic about the sector’s growth in 2019, their sunniest outlook since before the crude-price collapse in 2014. … Read more

Enbridge Oil Pipeline Rationing Eases Little After Curtailment

January 22, 2019January 22, 2019 by EnergyNow Media

Jan 21, 2019, by Robert Tuttle (Bloomberg) A month into Alberta’s mandatory oil curtailment and rationing on the country’s biggest heavy-crude export pipeline system has eased, but very little. Apportionment, the percentage by which each shipper’s nominated volume is reduced in order to meet a pipeline’s capacity, will be 39 percent on the heavy oil … Read more

Journal of Petroleum Technology features Osprey Informatics as one of the companies leading the charge to show how computer vision is ready to be put to work in the oil field.

January 22, 2019 by EnergyNow Media

Founded in 2011, Osprey Informatics is one of the companies leading the charge to show how computer vision is ready to be put to work in the oil field. The firm has developed software that uses internet-connected cameras to monitor well sites and field facilities for methane leaks or potential trespassers. As Osprey’s computer programs … Read more

LNG Canada approves $937 million in contracts and subcontracts to First Nations and Canadian businesses

January 22, 2019January 22, 2019 by EnergyNow Media

Jan 21, 2019 VANCOUVER, Jan. 21, 2019 /CNW/ – Today, LNG Canada announces the value of contracts and subcontracts approved as of December 2018, following the first three months of the construction phase of the large-scale LNG export project near Kitimat, British Columbia. LNG Canada has thus far approved over $937 million (CAD) in contracts and subcontracts with First Nations enterprises … Read more

TransCanada’s Keystone Pipeline GP Ltd. authorized to begin additional construction activities on its Keystone XL Project in Canada

January 22, 2019January 22, 2019 by EnergyNow Media

January 21, 2019 CNW CALGARY, Jan. 21, 2019 /CNW/ – The National Energy Board (NEB) today approved TransCanada’s Keystone Pipeline GP Ltd. (Keystone) request to begin winter clearing work on the North Spread of its Keystone XL Project (Project). Keystone has now satisfied the regulatory requirements for winter 2019 clearing of trees and shrubs along the pipeline route’s … Read more

Point Loma Resources Announces Successful New Pool Rex Oil Discovery

January 21, 2019 by EnergyNow Media

January 21, 2019 CNW CALGARY, Jan. 21, 2019 /CNW/ – Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma“) is pleased to announce production test results for the Wizard Lake HZ 16-17-48-27W4 Rex oil pool discovery. Highlights Final pumping rate for the Rex horizontal well over last 24 hours of the test period was 305 barrels … Read more

Enbridge gas pipeline explosion causes fireball in Ohio

January 21, 2019 by EnergyNow Media

(Reuters) – An explosion of an Enbridge Inc natural gas pipeline in Ohio on Monday created a fireball of flame and damaged several homes. The explosion occurred on Enbridge’s Texas Eastern pipeline system and appeared to have destroyed two homes, while firefighters were battling flames on a third as of Monday afternoon, said Chasity Schmelzenbach, … Read more

Canadian railways ration space as commodity congestion problems worsen

January 21, 2019 by EnergyNow Media

WINNIPEG, Manitoba (Reuters) – Canada’s two major railways are rationing space on trains traveling to the country’s biggest port and recently prioritized some commodities over others to deal with congestion, the latest indication of their struggle to meet demand from new trade deals. That move prompted Canada’s transport regulator last week to start an investigation … Read more

European power firms aim to harness electric car batteries

January 21, 2019 by EnergyNow Media

FRANKFURT/LONDON/PARIS (Reuters) – Ever wanted to run your electric car for free? If you’re open to a bit of give and take, then stay plugged in and your wishes might come true. At least that’s what some European power companies and Japanese carmakers believe. E.ON (EONGn.DE) and EDF (EDF.PA) are already working with Nissan (7201.T) … Read more

Shawcor to Acquire ZCL Composites

January 21, 2019 by EnergyNow Media

Purchase price of $10.00 per share, representing an aggregate equity value of $308 million Low double-digit adjusted EPS1 accretion to Shawcor in the first year post closing Financed with cash and new credit facility Expected closing early in the second quarter of 2019 TORONTO, Jan. 20, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (“Shawcor” or the … Read more

Oil Steadies Near Two-Month High as U.S. Drilling Slows Down

January 21, 2019January 21, 2019 by EnergyNow Media

Jan 21, 2019, by Grant Smith and Tsuyoshi Inajima (Bloomberg) Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand. Futures declined 0.3 percent after surging 3.3 percent on Friday. The number of rigs drilling for oil in … Read more

Deals worth $10.5bn reached at World Future Energy Summit

January 21, 2019 by EnergyNow Media

By Arabian Business Among the deals was a winning tender from Masdar and France’s EDF to build a $500m wind farm in Saudi Arabia. Deals valued at $10.5 billion in 20 countries were reached during the four-day World Future Energy Summit in Abu Dhabi, it was announced on Sunday. During the event, Abu Dhabi’s Masdar … Read more

Shawcor Ltd. signs deal to buy ZCL Composites Inc. for $308 million

January 21, 2019January 21, 2019 by The Canadian Press

TORONTO — Pipeline services company Shawcor Ltd. has signed a deal to buy ZCL Composites Inc., a maker of fibreglass reinforced plastic underground storage tanks, for $308 million.
Under the friendly agreement, Shawcor will pay $10 per ZCL share in ca…

The Future Is Now for LNG as Derivatives Trading Takes Off

January 21, 2019 by EnergyNow Media

Jan 20, 2019, by Stephen Stapczynski and Dan Murtaugh (Bloomberg) With natural gas demand growing faster than for any other fossil fuel, LNG futures may be finally taking off. Derivatives represented about 2 percent of global LNG production at the beginning of 2017 as an array of contracts around the world struggled to gain traction. … Read more

Why some elected Wet’suwet’en councils signed agreements with Coastal GasLink

January 21, 2019January 21, 2019 by The Canadian Press

SMITHERS, B.C. — It was a difficult decision to sign a benefit sharing agreement with Coastal GasLink that would allow for a natural gas pipeline through the Wet’suwet’en territory, but a necessary one, an elected band council member says.
Joseph Skin…

How to tell when it’s time to get rid of old tech – Aimsio

January 21, 2019 by EnergyNow Media

Sunk costs. Like the Titanic, except without any loot. Costs that have either already been incurred or cannot be changed are sunk costs. Rent, fuel, gym memberships – the money spent on these expenses can’t be recouped, no matter how you proceed. If a project or process isn’t meeting expectations, corporate and financial best practice … Read more

Canadian Oil Surge Fails to Lift Producers Out of the Doldrums

January 21, 2019January 21, 2019 by EnergyNow Media

Jan 21, 2019, by Kevin Orland (Bloomberg) Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help. Since the production curtailment was unveiled early last month, Western Canadian Select crude has almost doubled to about … Read more

ACM’s 2019 Annual Training Pass is now here. People make up 40% of safeguards. Invest in their risk awareness

January 22, 2019January 21, 2019 by EnergyNow Media

Your people are your strongest risk management assets. Invest in them, reduce risk, promote safety and achieve operational excellence. Get it now and Save at least 50% on process Safety Training. LEARN MORE People based safeguards are: Operator rounds, Procedures, Preventive Maintenance and Alarms with Operator Action.They make up to 40% of safeguards. Are your … Read more

Let Your Prospect Touch Your Product – Sandler Training

January 21, 2019 by EnergyNow Media

Every human has a preference for interacting with the world – visual, auditory or kinesthetic (touch). All of us use all three styles, but we have a preference, which is revealed by how we communicate (e.g. kinesthetics will want to “get a grip” on a problem). Understanding how your prospect likes to interact can increase rapport … Read more

Being fit for duty goes beyond the new cannabis legislation – Alliance Borealis

January 21, 2019 by EnergyNow Media

Since the legalization of recreational cannabis in Canada back in October, workers and employers alike have worried about how this would affect an individual’s ability to be fit for duty. But being fit for duty is much broader than the new cannabis legislation and other important factors are being left out of the conversation. Employers … Read more

How Factoring Can Help Your Cash Flow after the Holiday Shut Down – Factors Western

January 21, 2019January 21, 2019 by EnergyNow Media

In the Energy Sector it is quite common for companies to shut down their operations and offices for two weeks or even longer over the Christmas Holidays. This can put a strain on a company’s cash flow, especially if they have to wait longer than normal to get paid for their outstanding invoices. Additionally when … Read more

Oil Gloom Turns to Boom as China and Fed Allay Worst Fears

January 21, 2019 by EnergyNow Media

Jan 20, 2019, by Carlos Caminada and Alex Nussbaum (Bloomberg) Investors are the most optimistic on oil in two months as the worst fears that roiled markets at the end of the year start to dissipate. Hedge funds boosted their net wagers on rising Brent crude prices by 9 percent in the week ended Jan. … Read more

Canada Weekly Rig Count Up 25 for Week Ending January 18, 2019

January 21, 2019January 21, 2019 by EnergyNow Media

Canada’s drilling rig count increased by 25 actively drilling rigs according to data collected by Baker Hughes for the week of January 18, 2019. From one week ago, Alberta rig counts increased 16 to 138 and the Saskatchewan rig counts increased 10 to 50. Oil drilling increased 25 to 103 and gas stayed the same … Read more

Mexico Pipeline Blast Risks Embroiling AMLO in Elusive Pemex Fix

January 20, 2019 by EnergyNow Media

Jan 20, 2019, by Amy Stillman (Bloomberg) Mexico President Andres Manuel Lopez Obrador is doubling down on a controversial strategy to end fuel theft at Petroleos Mexicanos after a pipeline explosion caused by an illegal tap left at least 85 people dead and many more injured. He joins a long line of presidents that have … Read more

Fire next door to B.C. pipeline fuel tank facility won’t be investigated

January 20, 2019January 20, 2019 by The Canadian Press

Kinder Morgan Facility in Burnaby, British Columbia.

BURNABY, B.C. — The Burnaby Fire Department says it won’t be conducting an investigation into a fire Saturday night a few hundred metres from a Kinder Morgan fuel tank facility in Metro Vancouver.
Assistant Fire Chief Stewart Colbourne says the fire …

How OPEC Is Helping U.S. Oil Reach a Tipping Point: Julian Lee

January 20, 2019 by EnergyNow Media

Jan 19, 2019 by Julian Lee (Bloomberg Opinion) The U.S. Energy Information Administration has published its first detailed monthly oil forecast for 2020 and it shows something that should strike fear into the hearts of OPEC ministers — from the fourth quarter, America will export more oil than it imports. This won’t make the U.S. independent of the global … Read more

Former firefighter with PTSD sues Syncrude over suspended benefits, dismissal

January 20, 2019January 20, 2019 by The Canadian Press

CALGARY — A lawsuit filed by a former firefighter and paramedic against Syncrude Canada claims the oilsands giant wrongfully denied him benefits and fired him after he was diagnosed with post-traumatic stress disorder related to his job.
Mike Swan is …

Fire next door to B.C. pipeline fuel tank facility under control

January 20, 2019January 19, 2019 by The Canadian Press

BURNABY, B.C. — A fire just a few hundred metres from the Kinder Morgan fuel tank facility in Metro Vancouver raged for a few hours before it was contained by about three dozen firefighters.
Burnaby Fire Department Deputy Chief Dave Samson said they w…

RCMP investigate explosion at oil and gas facility in Alberta, three hurt

January 19, 2019January 18, 2019 by The Canadian Press

GRANDE PRAIRIE, Alta. — RCMP are investigating an explosion at an oil and gas facility in northwestern Alberta.
Emergency crews responded to a blast Friday afternoon at a compressor building near Musreau Lake south of Grande Prairie.
Three people work…

Hawk Incentives: Gift Card & Incentive Solutions Across your Entire Enterprise

January 18, 2019 by EnergyNow Media

What We Do: Gift Card & Incentive Solutions Across your Entire Enterprise One-stop shop providing desirable rewards, convenience, & efficiency Hawk Incentives, a Blackhawk Network business, is a leading global provider of customized incentive rewards for consumer promotions, employee rewards and recognition, and sales incentive programs. We offer you a flexible online ordering portal … Read more

As Husky Retreats, MEG Plans to Spend Less and Boost Oil Output

January 18, 2019 by EnergyNow Media

Jan 18, 2019 by Kevin Orland (Bloomberg) MEG Energy Corp. looks to be on its own again after Husky Energy Inc. pulled its hostile bid for the Canadian oil-sands producer and no white knight emerged during the takeover battle. The data room that MEG had opened to entice other suitors during the Husky tussle is … Read more

Oil Hits Two-Month High as China Truce Signals Brighter Outlook

January 18, 2019 by EnergyNow Media

Jan 18, 2019 by Alex Nussbaum (Bloomberg) Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3 percent in New York to cap the third straight weekly increase. Bloomberg News reported China proposed a six-year shopping … Read more

Corbella: Researcher Vivian Krause exposes money trail behind U.S.-based campaign to kill the oilsands

January 18, 2019 by EnergyNow Media

By: Licia Corbella Pipelines crusader Vivian Krause has uncovered evidence of U.S.-based efforts to keep Alberta bitumen in the ground. Anyone in Canada who knows anything about the target on the back of Canadian oil and gas knows the name Vivian Krause. Everyone else should. Krause’s name has become synonymous with the fight against the concerted … Read more

U.S. drillers cut most oil rigs this week since Feb 2016

January 18, 2019 by EnergyNow Media

Jan 18 (Reuters) – U.S. energy firms cut 21 oil rigs this week, the biggest decline since February 2016, even as the United States is expected to reinforce its leadership as the world’s number one crude producer this year. Drillers cut 21 oil rigs in the week to Jan. 18, bringing the total count down … Read more

Failure of MEG takeover deal is ‘credit positive’ for Husky, says agency

January 18, 2019January 18, 2019 by The Canadian Press

CALGARY — Shares in oilsands producer MEG Energy Corp. continued to slide Friday after a credit rating agency said rival Husky Energy Inc.’s failure to consummate a hostile takeover bid was actually “credit positive” for Husky.
After falling 35.6 per …

Carbon tax case study illustrates need for greater taxpayer protections in Alberta – CTF

January 18, 2019January 18, 2019 by EnergyNow Media

January 18, 2019 Carbon tax case study illustrates need for greater taxpayer protections in Alberta CALGARY, AB: Today, the Canadian Taxpayers Federation is calling for all Alberta political parties to commit to scrapping the carbon tax and expanding the Alberta Taxpayer Protection Act to ensure any new tax or tax increase cannot be implemented without majority-support in a … Read more

PART 2 – Open Letter to Canadians Opposing Canadian Pipelines and Oilsands – Demian Newman: PLEASE READ & SHARE

January 18, 2019January 18, 2019 by EnergyNow Media

January 18, 2019 – Demian Newman Join Demian Newman on LinkedIn EnergyNow would like to share PART 2 of this heartfelt Open Letter by Demian Newman to those who oppose Canadian pipelines and oilsands. Please share in your respective networks. EnergyNow applauds Demian and others who have taken the time to defend the Canadian oil and gas … Read more

Oil Set for Third Weekly Increase on OPEC Curbs, Demand Hopes

January 18, 2019 by EnergyNow Media

Jan 18, 2019 by Grant Smith (Bloomberg) Oil headed for a third weekly increase on expectations that production cuts by OPEC and resilient fuel demand will keep global markets in balance. Futures rose as much as 1.7 percent in New York, with gains over the past three weeks totaling about 16 percent. OPEC’s production fell … Read more

Canadian Indigenous Groups Mull Pipeline Deal to Ease Glut

January 18, 2019 by EnergyNow Media

Jan 18, 2019 by Robert Tuttle (Bloomberg) The Trans Mountain crude pipeline that Prime Minister Justin Trudeau’s government bought from Kinder Morgan Inc. last year is getting interest from some indigenous groups hurt by Canada’s oil price crunch. Five or six First Nation communities have approached the federal government with a view to potentially acquiring … Read more

NEB rejects Burnaby’s bid to stop work at Trans Mountain pipeline terminal

January 18, 2019January 18, 2019 by The Canadian Press

BURNABY, B.C. — The National Energy Board has rejected the City of Burnaby’s request that it rescind orders allowing the company building the Trans Mountain pipeline expansion to conduct work at its terminal in the city.
The Metro Vancouver city had a…

IEA Sees Oil Demand Growth Defying Economic Slowdown For Now

January 18, 2019 by EnergyNow Media

Jan 18, 2019, by Grant Smith (Bloomberg) Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that … Read more

U.S. Could Soon Pump More Crude Than Saudis Can at Their Peak

January 18, 2019 by EnergyNow Media

Jan 18, 2019, by Grant Smith (Bloomberg) America’s journey to preeminence in the global oil trade is about to hit another milestone. Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better. … Read more

Five Things to Know in World Business Today

January 18, 2019January 18, 2019 by EnergyNow Media

Jan 18, 2019, by Lorcan Roche Kelly (Bloomberg) Day 28 Prospects for a resolution to the partial government shutdown seem low as the relationship between President Donald Trump and House Speaker Nancy Pelosi deteriorate further. Trump also cancelled the U.S. delegation’s trip to the World Economic Forum in Davos. A meeting between Senate Majority Leader Mitch McConnell and Vice President … Read more

OPEC sees oil market not yet out of woods, tries to avoid new glut

January 18, 2019 by EnergyNow Media

LONDON (Reuters) – OPEC is seeking to avoid a build-up in oil inventories above the five-year average through a new deal with non-OPEC partners to curb supply in 2019, its secretary general told Reuters on Thursday. Secretary General Mohammad Barkindo also said he was hopeful that oil demand would remain robust in 2019 and that … Read more

Indigenous energy firm touts job creation in joint venture to make bitumen pucks

January 18, 2019January 18, 2019 by The Canadian Press

CALGARY — The CEO of an Indigenous energy company says a project to transform oilsands bitumen into pucks for safer shipping to customers around the world will potentially create needed jobs in northern Alberta while helping to recycle plastic litter….

Alberta spending millions to promote Trans Mountain oil pipeline expansion

January 18, 2019January 18, 2019 by The Canadian Press

EDMONTON — The Alberta government is spending $23.4 million to convince Canadians why a major oil pipeline project is needed.
The marketing campaign, Keep Canada Working, is aimed at getting people to support the Trans Mountain pipeline expansion.
The…

100 Percent Clean Energy Goals: What Will It Take To Get There?

January 18, 2019 by EnergyNow Media

By Larry Sherwood (Renewable Energy World) Here we are in 2019, with more than 100 U.S. cities and 140 large corporations having established 100 percent clean, carbon-free and/or renewable energy goals. In several states, newly seated governors campaigned on goals of 100 percent renewable energy, and congressional representatives have arrived in Washington positioning for a … Read more

Husky Energy Soars Because Investors Love a Failure

January 18, 2019January 18, 2019 by EnergyNow Media

Jan 17, 2019, by Tina Davis (Bloomberg) For Husky Energy Inc., it may not be the shots you make that matter so much as the ones you miss. The Calgary-based oil company soared 16 percent, the most in almost 10 years, on Thursday after announcing that it would give up on a hostile C$2.75 billion … Read more

Alberta premier warns Opposition United Conservatives eyeing toll roads

January 17, 2019January 17, 2019 by The Canadian Press

EDMONTON — Premier Rachel Notley says Opposition Leader Jason Kenney’s plan to build user-pay infrastructure if his party is elected can mean only one thing — tolls on roads.
In a speech to energy producers in Edmonton, Notley suggested that recent co…

TSX streak hits 10th straight day on hopeful sign about U.S.-China trade

January 17, 2019January 17, 2019 by The Canadian Press

TORONTO — The winning streak of Canada’s main stock market continued for a 10th straight day Thursday as early energy losses dissipated and investors saw a hopeful sign ahead of trade talks resuming later this month between the U.S. and China.
The S&P…

MEG Energy Responds to Expiration of Husky Energy’s Takeover Offer

January 17, 2019 by EnergyNow Media

January 17, 2019 CNW RY, Jan. 17, 2019 /CNW/ – MEG Energy Corp. (TSX:MEG, “MEG” or the “Company”) acknowledges Husky Energy’s (“Husky”) press release, stating that the takeover offer for MEG did not meet Husky’s minimum tender conditions, due to insufficient shareholder support. “MEG Shareholders’ rejection of the Husky offer confirms that the bid did not fully recognize … Read more

Bernier looks to strike some popular chords during first East Coast stops

January 17, 2019January 17, 2019 by The Canadian Press

SAINT JOHN, N.B. — Maxime Bernier looked to garner support for his fledgling People’s Party of Canada Thursday as he spoke to a small business audience in New Brunswick — his first East Coast foray since starting his new party four months ago.
He pitc…

Natural gas producer Peyto Exploration shares fall on dividend and spending cuts

January 17, 2019January 17, 2019 by The Canadian Press

CALGARY — Shares in Peyto Exploration and Development Corp. fell by as much as 15 per cent after it said it would cut its dividend and capital spending due to low natural gas prices in Western Canada.
In early trading on the Toronto Stock Exchange on …

Peyto Announces Strategic Three Year Plan

January 17, 2019 by EnergyNow Media

January 16, 2019 Globe Newswire CALGARY, Alberta, Jan. 16, 2019 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) announces a three year strategic plan to address the natural gas price crisis currently affecting the entire Alberta natural gas market and Canadian natural gas producers. The Board of Directors of Peyto has approved … Read more

Zargon Oil & Gas Ltd. Engages Financial Advisor

January 17, 2019 by EnergyNow Media

January 16, 2019 | Source: Zargon Oil & Gas Ltd. CALGARY, Alberta, Jan. 16, 2019 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) has re-engaged Macquarie Capital Markets Canada Ltd. as financial advisor to assist in seeking outcomes that will maximize value for the Company and its stakeholders. These outcomes may include a … Read more

Husky Offer For MEG Expires Without Extension

January 17, 2019 by EnergyNow Media

January 17, 2019 | Source: Husky Energy Inc. Offer expired January 16 with minimum tender condition not met Husky will not extend its offer given lack of MEG Board and shareholder support Company to focus on developing its deep portfolio of organic growth projects as set out at Investor Day on May 28, 2018 Potential divestment of … Read more

See the entire Angus Reid Poll: Six-in-ten Canadians say lack of new pipeline capacity represents a crisis in this country

January 17, 2019 by EnergyNow Media

Half say Trudeau government has been doing “too little” to build new capacity January 16, 2019 – Against the backdrop of an election year, Prime Minister Justin Trudeau is facing increasing pressure amid calls to move faster and more forcefully to complete a new oil pipeline in this country. That pressure is underscored in new public … Read more

Marksmen Announces Operational Update

January 17, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 16, 2019 (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, in Hocking County, Ohio. In a press release dated December 19, 2018, Marksmen announced that a new horizontal/lateral leg paralleling … Read more

Five Things to Know in World Business Today

January 17, 2019 by EnergyNow Media

Jan 17, 2019, by Lorcan Roche Kelly (Bloomberg) Tech probe U.S. authorities may soon indict Chinese technology giant Huawei Technologies Co. for allegedly stealing trade secrets from American partner companies like T-Mobile US Inc., according to people familiar with the matter. The increasingly aggressive stance against the company comes amid growing concerns that Beijing could be … Read more

Oil Slips as Record U.S. Production Undermines OPEC+ Supply Cut

January 17, 2019 by EnergyNow Media

Jan 17, 2019, by Heesu Lee and Grant Smith (Bloomberg) Oil retreated below $52 a barrel as data showing record U.S. crude production suggested markets may remain oversupplied despite output cuts by OPEC and its allies. Futures lost 1.1 percent in New York, trimming gains of 3.6 percent over the past two sessions. Booming American … Read more

U.S. crude stockpiles fall more than expected in week: EIA

January 17, 2019 by EnergyNow Media

NEW YORK (Reuters) – U.S. crude oil stocks fell more than expected last week, while gasoline and distillate inventories rose more than forecast, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.7 million barrels in the week to Jan. 11, compared with analysts’ expectations for a decrease of 1.3 million barrels. Crude … Read more

Global Clean Energy Funding Dips 8% as China Cools Solar Boom

January 17, 2019 by EnergyNow Media

Jan 16, 2019, by Jim Efstathiou Jr. (Bloomberg) Global funding for clean-energy projects sagged in 2018 after China’s decision to curb subsidies dragged down installations in the world’s biggest solar market. Investment in wind and solar energy, along with technologies like smart power meters, reached $332.1 billion last year, down 8 percent from 2017, according … Read more

COLUMN-Global economy is headed for recession: Kemp

January 17, 2019January 17, 2019 by EnergyNow Media

* Chartbook: tmsnrt.rs/2HfQKH5 By John Kemp LONDON, Jan 17 (Reuters) – Global growth is slowing and the world economy is headed for a recession in 2019 unless something happens to give it renewed momentum. The OECD’s composite leading indicator fell to just 99.3 points in November, its lowest since October 2012, and down from a … Read more

HydrEra LV Joining Services in Water Management Deal

January 17, 2019 by EnergyNow Media

CALGARY, Jan. 7, 2019 /CNW/ – HydrEra Water Services Canada (“HydrEra”) and LV Energy Services Ltd. (“LV”) are pleased to announce that the two privately-owned companies have entered into an agreement to combine their respective specialty fluid companies on December 29th, 2018. “As family owned and operated businesses, we are both extremely excited to have entered into an … Read more

Husky Ends MEG Takeover Bid After Failing to Win Over Investors

January 17, 2019January 17, 2019 by EnergyNow Media

Jan 17, 2019, by Chitra Somayaji (Bloomberg) Husky Energy Inc. abandoned its hostile bid to acquire MEG Energy Corp., which has a market value of C$2.53 billion ($1.9 billion), after failing to win support from shareholders and the board of the rival oil-sands producer. The takeover offer didn’t secure the backing of the required minimum … Read more

World’s Largest Offshore Wind Turbine Prototype To Be Installed In Rotterdam

January 17, 2019 by EnergyNow Media

By Renewable Energy World Editors The turbine is designed to capture offshore wind and turn it into electricity, however, the Haliade-X 12 MW prototype will be installed onshore to facilitate access for testing. During the initial period of operations, it will allow GE to collect data needed to obtain a Type Certificate, a key step … Read more

Pipeline operator Kinder Morgan Canada’s profit surges

January 17, 2019 by EnergyNow Media

(Reuters) – Kinder Morgan Canada Ltd (KML.TO) said on Wednesday its quarterly profit from continuing operations more than doubled as the company benefited from better performance in its pipeline and terminal business. The company, which sold its Trans Mountain pipeline to the Canadian government in August, reported net income from continuing operations of C$40.3 million … Read more

Indigenous Energy Summit: Wait until Trans Mountain pipe built & regulation certainty before buying in, Indigenous investors told

January 17, 2019January 17, 2019 by The Canadian Press

CALGARY — Indigenous communities interested in taking an equity stake in the Trans Mountain pipeline should wait until after its controversial expansion is built to avoid risk, says Barrie Robb, a principal with Fivars Consulting Ltd. of Calgary.
Taki…

Canada’s oil cuts offer lifeline to producers but create new problems

January 17, 2019 by EnergyNow Media

WINNIPEG, Manitoba (Reuters) – The Canadian province of Alberta’s OPEC-style decision to force production cuts is benefiting oil companies with higher prices, but it is also pushing capital elsewhere and threatens to undermine booming crude-by-rail shipments. After Alberta cut 325,000 barrels per day (bpd) starting this month, the discount on Canadian heavy oil compared to … Read more

Clearview Provides Operations Update

January 17, 2019January 17, 2019 by EnergyNow Media

January 16, 2019 CNW Wilson Creek Cardium horizontal well (85% working interest) achieves IP120 of 243 barrels per day of oil (“bopd”) – ahead of type-curve expectations; Windfall Bluesky horizontal well (100% working interest) achieves restricted IP30 of 102 barrels per day of oil with a current 14-day average of 198 bopd; and Divestment of minor, non-core assets. … Read more

Kinder Morgan Canada revenue for pared-back assets climb, distributes windfall

January 16, 2019January 16, 2019 by The Canadian Press

CALGARY — Kinder Morgan Canada Ltd. says earnings from its significantly pared-back assets climbed 80 per cent in the fourth quarter compared with a year earlier.
The results don’t include the Trans Mountain Pipeline, a package of storage terminals an…

Alberta crude oil curtailments remain unchanged despite price recovery

January 16, 2019January 16, 2019 by The Canadian Press

CALGARY — Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that have narrowed to three-and-a-half-year lows.
According to …

Husky Said Likely to Win Support to Extend MEG Bid Deadline

January 16, 2019 by EnergyNow Media

Jan 16, 2019, by Scott Deveau and Kevin Orland (Bloomberg) Husky Energy Inc. is expected to win support to extend a deadline to persuade shareholders to back its hostile bid for rival oil-sands producer MEG Energy Corp., despite falling short of winning outright support for the offer, according to people familiar with the matter. Husky … Read more

B.C. chief says they didn’t give up rights for pipeline to be built

January 16, 2019January 16, 2019 by The Canadian Press

SMITHERS, B.C. — A Wet’suwet’en hereditary chief told a crowd of First Nation leaders gathered in Smithers, B.C., that no elected band council or Crown authority has jurisdiction over the land.
Chief Na’Moks says the rights of the hereditary chiefs to…

Pulse Seismic Inc. Announces Acquisition of Seitel Canada Ltd.

January 16, 2019 by EnergyNow Media

January 15, 2019 | Source: Pulse Seismic Inc. CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to announce that it has today completed the acquisition of Seitel Canada Ltd. Pursuant to the terms of the acquisition (the “Acquisition”), Pulse acquired 100% of the shares of Seitel … Read more

Oil Trades Near $52 on Signs of Falling U.S. Crude Inventories

January 16, 2019 by EnergyNow Media

Jan 16, 2019, by Grant Smith (Bloomberg) Oil fluctuated near $52 a barrel in New York amid signs that crude inventories fell again in the U.S., the world’s biggest consumer. Futures slipped 0.9 percent after settling 3.2 percent higher on Tuesday. U.S. crude stockpiles fell by 560,000 barrels last week, an industry report was said … Read more

Energy Storage Outlook for 2019: E-Mobility, Clean Energy Technologies and Lithium Batteries

January 16, 2019 by EnergyNow Media

By Livio Filice (Renewable Energy World) 2018 was another defining year for the lithium supply chain as the global population continued to make remarkable strides towards the implementation of clean energy and transportation. Although the clean energy and transportation industries are only in their early days, it has become apparent that renewables and electrification of … Read more

U.S. oil output to rise to 12.9 million bpd in 2020: EIA

January 16, 2019January 16, 2019 by EnergyNow Media

NEW YORK (Reuters) – Crude oil output from the United States is expected to rise to a new record of more than 12 million barrels per day (bpd) this year and to climb to nearly 13 million bpd next year, the U.S. Energy Information Administration said on Tuesday in its first 2020 forecast. U.S. crude … Read more

Five Things to Know in World Business Today

January 16, 2019 by EnergyNow Media

Jan 16, 2019, by Lorcan Roche Kelly (Bloomberg) Another vote U.K. lawmakers will vote on a no-confidence motion in Prime Minister Theresa May’s leadership later today in the wake of yesterday’s humiliating defeat of her Brexit deal. Should she lose the vote, Britain will face its third general election in four years. With just 10 … Read more

Canadian Oil Grades Weaken as Crude Curtailments Set to Decrease

January 16, 2019January 16, 2019 by EnergyNow Media

Jan 15, 2019, by Robert Tuttle (Bloomberg) Prices for Canadian oil fell relative to U.S. futures as Alberta Premier Rachel Notley expressed hope her government would be able to back off mandatory production curtailments in April. Heavy Western Canadian Select’s discount to West Texas Intermediate futures grew for a second day, widening 35 cents to … Read more

Brady Makes Printing On-The-Job Easier with New Mobile Label Printer and Mobile App

January 16, 2019 by EnergyNow Media

Printer and mobile app leverage mobile and wireless connectivity to create and print labels from anywhere MILWAUKEE, Wis. (January 15, 2019) — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced the launch of a new mobile label printer and mobile label app designed specifically to make it easier and … Read more

Fearless & Positive Predictions for 2019 – Elections, Oil Prices, Bill C-69 & More – David Yager

January 16, 2019January 16, 2019 by EnergyNow Media

By David Yager for EnergyNow Energy Policy Analyst – Oil & Gas Writer The year is only two weeks old. With 50 weeks or 96% of 2019 yet to happen, it is not too late to predict what will occur. The following article contains only good news. After the disastrous end to 2018 from the … Read more

New estimate pegs oil and gas liabilities at over $59 billion for western provinces

January 16, 2019January 16, 2019 by EnergyNow Media

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. XI Technologies Inc. recently performed an analysis of provincial oil and gas liabilities for … Read more

New Poll Says Canadians Back Trudeau’s Pipeline, But His Own Voters Are Wary

January 16, 2019January 16, 2019 by EnergyNow Media

Jan 16, 2019, by Josh Wingrove (Bloomberg) A wide margin of Canadians support an oil pipeline that Prime Minister Justin Trudeau’s government is pushing to build — though it remains unpopular among some voting blocs key to his reelection, a poll has found. In a poll published Wednesday by the Angus Reid Institute, 53 percent … Read more

Video: Blockchain to Shape New Trends in Energy Trading

January 16, 2019January 16, 2019 by EnergyNow Media

By Pamela Largue (Renewable Energy World) The “Distributed Energy: Impact of Blockchain on Energy Trading” report highlights the impact of prosumerism and distributed resources on the energy transaction landscape. The recent trends in the energy industry such as the rise in prosumerism and increasing deployment of smart meters have resulted in better data analytics, storage … Read more

Tourmaline Reaffirms 2019 Guidance and Reduces Capital Spending

January 15, 2019 by EnergyNow Media

January 15, 2019 CNW CALGARY, Jan. 15, 2019 /CNW/ – Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company”) is pleased to update 2019 guidance and ongoing EP activities. PRODUCTION UPDATE 2019 average production guidance of 300,000 boepd, representing 12% year-over-year growth, remains unchanged. A 1H 2019 average production range of 290,000-300,000 boepd and a 2H 2019 average production range of … Read more

Athabasca Oil Corporation Closes $265 Million Leismer Infrastructure Transaction

January 15, 2019 by EnergyNow Media

January 15, 2019 Globe Newswire CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) has closed the previously announced Leismer Infrastructure Transaction with Enbridge Inc. for $265 million cash consideration. Transaction proceeds are approximately 50% of Athabasca’s market capitalization and significantly bolster the Company’s liquidity, reduce net debt … Read more

Indigenous energy summit includes session on pipeline ownership options

January 15, 2019 by The Canadian Press

CALGARY — First Nations that produce oil and gas in Canada will hear presentations Wednesday at the Indigenous Energy Summit on how they might take ownership of major energy projects, including the Trans Mountain pipeline.
Steven Saddleback of the Ind…

IT’S THE WAY of the WEST! Service & Supply Industry Continues Great Support of Community Event Despite Downturn

January 16, 2019January 15, 2019 by EnergyNow Media

These are not the best of times for the Canadian oilfield service sector but, thanks to a strong commitment to a very worthwhile cause — Shock Trauma Air Rescue Society (STARS) — on the part of those involved in the sector and to a well-oiled organizational structure for a key annual fund-raising event, 2019 is likely … Read more

Tamarack Valley Energy Ltd. Announces 2019 Guidance and Record Fourth Quarter 2018 Production

January 15, 2019 by EnergyNow Media

January 15, 20197 CNW TSX: TVE CALGARY, Jan. 15, 2019 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce its 2019 capital budget, associated guidance and an operational update. Incorporating December field estimates, the Company achieved record production of approximately 24,780 boe/d in Q4/18 with an oil and natural gas liquids (“NGL”) weighting … Read more

BP scales back exploration plans off N.S., gives up half its offshore area

January 15, 2019January 15, 2019 by The Canadian Press

HALIFAX — BP Canada is scaling back its oil and gas exploration plans off Nova Scotia, giving up half the offshore area included in its exploration licence.
The Canada-Nova Scotia Offshore Petroleum Board says the energy giant is surrendering 50 per c…

Bellatrix announces a fourth quarter 2018 operational update and 2019 capital budget

January 15, 2019 by EnergyNow Media

January 15, 2019 CALGARY, Alberta, Jan. 15, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces a fourth quarter 2018 operational update with full year average volumes exceeding guidance, and its 2019 capital budget designed to deliver stable corporate production volumes, supported by strong commodity price risk management and … Read more

Crescent Point Energy shares drop as it cuts dividend and 2019 budget

January 15, 2019January 15, 2019 by The Canadian Press

CALGARY — Shares in Crescent Point Energy Corp. fell Tuesday morning after it said it would slash its dividend by nearly 90 per cent and plow some of the savings into share buybacks.
The oil and gas company also announced it would chop its capital bud…

Oil Gains as U.S. Stockpiles Seen Falling, China Plans Tax Cuts

January 15, 2019 by EnergyNow Media

Jan 15, 2019, by Heesu Lee and Grant Smith (Bloomberg) Oil rose amid estimates of another decline in U.S. crude inventories and signs that China is stepping up efforts to combat an economic slowdown. Futures in New York climbed as much as 1.6 percent after dropping 4 percent over the past two sessions. American stockpiles … Read more

OPEC+ Plans Review in Baku in March, Ministers’ Meeting in April

January 15, 2019 by EnergyNow Media

Jan 14, 2019, by Grant Smith (Bloomberg) OPEC and its allies plan to hold a meeting in March to assess their oil-production accord in Azerbaijan, and then ministers will gather to set policy in April, according to the organization’s top official. The body that reviews the implementation of OPEC’s supply cuts, the Joint Ministerial Monitoring … Read more

Electric Cars Seen Getting Cleaner Even Where Grids Rely on Coal

January 15, 2019 by EnergyNow Media

Jan 14, 2019, by Jeremy Hodges (Bloomberg) Electric cars are better for the environment than traditional gasoline models, and that benefit will grow as power generators shift away from coal. That’s the conclusion of research by BloombergNEF, which found carbon dioxide emissions from battery-powered vehicles were about 40 percent lower than for internal combustion engines … Read more

Five Things to Know in World Business Today

January 15, 2019 by EnergyNow Media

Jan 15, 2019, by Lorcan Roche Kelly (Bloomberg) Facing defeat If you’re a pound trader, the only winning move today could be not to play. That’s according to Citigroup Inc., which sees sterling volatility rocketing as British Prime Minister Theresa May faces almost certain defeat in today’s parliamentary vote on her deal to exit the European Union. Should … Read more

Permian Shale Oil Boom Holds Good News and Bad News for OPEC

January 15, 2019January 15, 2019 by EnergyNow Media

Jan 14, 2019, by Christopher Sell (Bloomberg) The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014. A new production cuts deal with Russia and thawing U.S.-China trade relations have given the market a boost. But for OPEC, good news often … Read more

How Many HR Staff Should Be Supporting Your Organization? See Where You Stand – Wendy Ferguson, CPHR

January 15, 2019January 15, 2019 by EnergyNow Media

A commentary by Wendy Ferguson, CPHR It’s a common and very important question, “do I have enough or too many HR staff to support my current business’ needs?” It is critical to regularly monitor your HR to employee ratio, especially given our economic climate. First off, let’s see where you stand right now… Count your … Read more

Alberta premier fed up with federal government for inaction on oil and gas

January 15, 2019January 15, 2019 by The Canadian Press

CALGARY — Alberta Premier Rachel Notley expressed frustration again Monday about a lack of progress in completing the Trans Mountain pipeline.
Notley’s comments came after a federal cabinet shuffle that left Natural Resources Minister Amarjeet Sohi in…

RCMP to review arrests at B.C. pipeline blockade, create temporary detachment

January 15, 2019January 15, 2019 by The Canadian Press

SURREY, B.C. — The RCMP will review the actions of its officers who arrested 14 people at an Indigenous pipeline blockade in northwestern British Columbia last week.
The Mounties enforced a court injunction Jan. 7 allowing Coastal GasLink workers and …

Gear Energy Ltd. Provides First Half 2019 Capital Guidance

January 14, 2019January 14, 2019 by EnergyNow Media

January 14, 2019 CNW CALGARY, Jan. 14, 2019 /CNW/ – Gear Energy Ltd. (“Gear“) (TSX: GXE) is pleased to provide the following update to shareholders. FIRST HALF 2019 BUDGET Gear is pleased to announce a first half 2019 capital budget of $10 million, targeting a strategic balance between production stability, maximizing revenue, and further improvement of the balance sheet. Management … Read more

Surge Energy Inc. Announces 2019 Capital Budget and Production Guidance

January 14, 2019 by EnergyNow Media

January 14, 2019 CNW CALGARY, Jan. 14, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces that its Board of Directors has formally approved the Company’s 2019 capital budget, production and operation guidance. Surge’s 2019 budget is consistent with its stated goal of delivering consistent shareholder returns through disciplined per share growth, as well as … Read more

The Future of Your Sale Lies in Your Prospect’s Past – Sandler Training

January 14, 2019 by EnergyNow Media

“So how’d you think that sales call went?” “Pretty good. I learned about their current issues and when they need to have a solution implemented and what they were willing and able to invest to move forward. And I got a date in the calendar with our primary contact and the other key decision makers in two … Read more

Zargon Announces the Completion of a Transaction to Settle its Convertible Debentures

January 14, 2019 by EnergyNow Media

| Source: Zargon Oil & Gas Ltd. CALGARY, Alberta, Jan. 11, 2019 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company“) (TSX:ZAR; ZAR.DB.A) announces that it has completed a transaction (the “Transaction“) to settle its $41.94 million principal amount of outstanding 8.00% convertible unsecured subordinated debentures (“Debentures“) due December 31, 2019 in exchange for … Read more

Oil Retreats With Equities as Rally to Bull Market Seen Overdone

January 14, 2019 by EnergyNow Media

Jan 14, 2019 by Sharon Cho and Grant Smith (Bloomberg) Oil extended its retreat as investor appetite for risk assets shrank and uncertainty persisted over how much OPEC will need to cut output to counter booming U.S. shale supplies. Futures in New York lost as much as 2.3 percent, after falling for the first time … Read more

Canada becomes 160th member of the International Renewable Energy Agency

January 14, 2019 by EnergyNow Media

By Elizabeth Ingram (Renewable Energy World) Canada has become a member of the International Renewable Energy Agency (IRENA), a global intergovernmental organization dedicated to the widespread adoption of renewable energy “The growing green economy is among the greatest economic opportunities for Canada in a generation,” said Amarjeet Sohi, Canada’s Minister of Natural Resources. “Becoming an … Read more

Five Things to Know in World Business Today

January 14, 2019January 14, 2019 by EnergyNow Media

Jan 14. 2019, by Lorcan Roche Kelly (Bloomberg) Weakening hand Latest trade data from China showed worse-than-expected numbers. The 7.6 percent drop in imports, the worst reading since 2016, pointed to softening demand at home, while exports fell 4.4 percent in December from a year earlier amid the trade dispute. U.S. Chinese Vice Premier Liu He … Read more

Saudi and Canadian Cuts Are Leaving World Hungry for Heavy Crude

January 14, 2019January 14, 2019 by EnergyNow Media

Jan 13, 2019, by Robert Tuttle and Sheela Tobben (Bloomberg) Output cuts in oil-rich Alberta and Saudi Arabia are combining to leave heavy-crude refiners from the Gulf of Mexico to Asia in a bind. While curtailments in the Canadian province have propelled local prices to their strongest level in almost a decade, other grades like … Read more

IRENA: Transition to Renewable Energy May Create an Entirely Different World

January 14, 2019January 14, 2019 by EnergyNow Media

By Jennifer Runyon (Renewable Energy World) The analysis finds oil and gas-related conflict may decline, as will the strategic importance of some maritime chokepoints. This week at the Assembly of the International Renewable Energy Agency (IRENA), political and business leaders from around the world outlined the far-reaching geopolitical implications of an energy transformation driven by the rapid … Read more

THE INNOVATORS: Pipeline Screening Disruption – INGU Solution’s golf ball-sized technology – Presented by GridStone

January 14, 2019 by EnergyNow Media

INGU Solution’s golf ball-sized technology for cheaper and easier pipeline screening scores a commercial hole-in-one. Since its selection as a top choice by Chevron Technology Ventures’ CTV Catalyst Program in 2017, INGU Solutions has captured a flood of media attention and pipeline industry interest for its miniature pipeline screening technology. That momentum has now translated … Read more

Energy, Carbon and Poverty: Seeking the Radical Middle – CSPG: February 28, 2019: Details HERE

January 14, 2019January 14, 2019 by EnergyNow Media

FEBRUARY 28th, 20196:00pm – 7:00pm: Cocktail Hour7:00pm – 8:00pm: Formal Talk Ross Glen Hall – Mount Royal University (located in the Roderick Mah Centre for Continuous Learning)4825 Mt.Royal Gate SW, Calgary, AB T3E 7N5 Speaker: Scott Tinker Topic: Energy, Carbon and Poverty: Seeking the Radical Middle Scott will examine the global energy mix transition, and also … Read more

Shell Seeks Sale of Canadian Refinery to Focus on LNG Project

January 14, 2019January 14, 2019 by EnergyNow Media

Jan 10, 2019, by Robert Tuttle (Bloomberg) Royal Dutch Shell Plc is seeking buyers for an Ontario refinery and some sour gas facilities in Alberta as the company focuses on its $31 billion liquefied natural gas project in British Columbia. “These assets have been a cornerstone of Shell Canada for many years, however, they are … Read more

Three things you should be doing in the field to make capturing data quicker – Aimsio

January 14, 2019 by EnergyNow Media

Every organization has workflows. A workflow is basically the sequence of events that takes place before work is completed. There are a million ways in which steps in a workflow can be combined. For the purpose of this article, we will be discussing the particular workflow from the moment data is first captured in the … Read more

Canada Weekly Rig Count Up 108 for Week Ending January 11, 2019

January 14, 2019January 14, 2019 by EnergyNow Media

Canada’s drilling rig count increased by 108 actively drilling rigs according to data collected by Baker Hughes for the week of January 11, 2019. From one week ago, Alberta rig counts increased 61 to 122 and the Saskatchewan rig counts increased 38 to 40. Oil drilling increased 83 to 103 and gas increased 25 to … Read more

Submit your nomination to the 5th annual Global Petroleum Show Awards

January 14, 2019January 14, 2019 by EnergyNow Media

There are rare moments in time when certain individuals or companies shine. They come along unexpectedly and have a profound effect on us; they become a legend in their area of expertise. To some they are controversial, to others they are heroes; but, regardless, no one can deny that they have an ongoing influence within … Read more

What All That Oil Really Means for the Saudis: Julian Lee

January 14, 2019 by EnergyNow Media

by Julian Lee (Bloomberg Opinion) In case you didn’t know it, Saudi Arabia is sitting on top of a lot of oil. The first independent assessment of reserves in about 40 years has just proved it. The question is how the kingdom ensures that most of it won’t still be there when the world no longer wants or … Read more

Saudis Say OPEC+ Oil Cuts Provided a `Lifeline’ to U.S. Shale

January 14, 2019 by EnergyNow Media

Jan 13, 2019, by Mahmoud Habboush, Verity Ratcliffe and Anthony DiPaola (Bloomberg) Saudi Arabia’s energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers. “The action we have taken, quickly in December and that we’re seeing implemented as we speak, is a lifeline … Read more

WATCH! Prime Minister Trudeau asked about steel tariffs and Trans Mountain in Regina – See his answers

January 14, 2019January 14, 2019 by EnergyNow Media

Evraz employee Courtland Klein asked Trudeau about steel tariffs and the delay of building the Trans Mountain pipeline during the Prime Minister’s town hall meeting in Regina. Watch his answers.

EXCELLENT VIDEO: Canadian Energy Leadership and What Canada Needs – Chris Slubicki

January 14, 2019January 14, 2019 by EnergyNow Media

In recent years, Canada’s focus on being a leading environmental citizen has come into apparent conflict with our desire to responsibly provide clean, affordable energy for a growing world that demands a higher standard of living for all. In this talk, Mr. Slubicki will discuss the (at times) uncomfortable reality of energy and the environment … Read more

Access to Corporate Capital: Same Story – Different Time – Dan Porter: MNP

January 13, 2019 by EnergyNow Media

An interesting article from MNP Corporate Finance discussing the ever-changing face of corporate debt and what this means for your business. Dan Porter | MNP The first in a two-part blog on the changing face of corporate debt. A decade-long generation of quantitative easing led by major central banks has encouraged debt investors to seek and … Read more

Canada, First Nations express concern over U.S. Arctic drilling plans

January 13, 2019January 13, 2019 by The Canadian Press

The Canadian government, two territories and several First Nations are expressing concerns to the United States over plans to open the calving grounds of a large cross-border caribou herd to energy drilling, despite international agreements to protect…

Husky taking steps to resume SeaRose operations two months after oil spill

January 12, 2019 by The Canadian Press

ST. JOHN’S, N.L. — A Canadian oil and gas company says it’s working to reassure regulators that they can resume safe operations, two months after a massive oil spill at one of their offshore oil production sites.
Work at the site of Husky Energy’s Sea…

Commentary: Notley and Her Carbon Tax Stickhandling – Rick Bell: No Answers for Albertans

January 14, 2019January 12, 2019 by EnergyNow Media

Published: January 11, 2019 Just can’t let Notley off the hook. Yes, while the premier wouldn’t give your humble servant a year-end interview, she did speak to other newshounds. And, credit where credit is due, an excellent question came from CBC Calgary. Shouldn’t have been a puzzler for the premier. What decline has there been in … Read more

Saudi and Canadian Cuts Are Leaving World Hungry for Heavy Crude

January 11, 2019 by EnergyNow Media

Jan 11, 2019 by Robert Tuttle and Sheela Tobben (Bloomberg) Output cuts in oil-rich Alberta and Saudi Arabia are combining to leave heavy-crude refiners from the Gulf of Mexico to Asia in a bind. While curtailments in the Canadian province have propelled local prices to their strongest level in almost a decade, other grades like … Read more

Toronto stock rally continues, caps off best week in more than three years

January 11, 2019January 11, 2019 by The Canadian Press

TORONTO — Canada’s main stock index’s rally continued for a sixth straight day Friday as it posted its best weekly performance in more than three years.
The S&P/TSX composite index closed up 35.69 points to 14,939.18. The market gained 512.56 points o…

Canbriam Energy Announces Executive Retirements

January 11, 2019 by EnergyNow Media

January 11, 2019 PR Newswire CALGARY, Jan. 11, 2019 /PRNewswire/ – Canbriam Energy (Canbriam) announced today the retirements of two of its founding members Gary Gardiner, Chief Operating Officer and John Nieto, Chief Technology Officer. In addition, Rob Froese, Chief Financial Officer and Art Flaws, Vice President Drilling & Completions will also retire. The retirements … Read more

U.S. oil drillers cut rigs for second week in a row

January 11, 2019 by EnergyNow Media

(Reuters) – U.S. energy firms cut oil rigs for a second week in a row as more producers, like Occidental Petroleum Corp, turned conservative in their 2019 drilling plans due to uncertainty over a recovery in crude prices. Drillers cut four oil rigs in the week to Jan. 11, bringing the total count down to … Read more

Police and Indigenous blockades going up, work to begin again on B.C. pipeline

January 11, 2019January 11, 2019 by The Canadian Press

SMITHERS, B.C. — The RCMP lifted an exclusion zone Friday that cut off public access to a forest service road in northern British Columbia at the site of a confrontation this week between Mounties and opponents of a natural gas pipeline.
Police say th…

Investing in ourselves with LNG is not selling out – Haisla Nation: What exactly do opponents want?

January 11, 2019January 11, 2019 by EnergyNow Media

Haisla Nation has achieved so much through it’s economic development approach with LNG, and I mean that in terms of training opportunities, work placements, and cultural revival. It’s sad that those investments can labeled as ‘selling out’ by some. Just as sure as the sun rises each day, LNG opponents will take any opportunity they … Read more

Bonterra Energy Corp. Announces 2019 Operational and Financial Budget and Operations Update for 2018

January 11, 2019 by EnergyNow Media

January 10, 2019 CNW CALGARY, Jan. 10, 2019 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce the Company’s Board of Directors has approved an initial 2019 capital budget range of $57 to $77 million, which will ultimately be dependent on Canadian realized pricing per BOE. This capital program represents a continuous single rig … Read more

Zargon Announces Voting Results of Extraordinary Meeting of Debentureholders and Provides Strategic Alternatives Process Update

January 11, 2019 by EnergyNow Media

January 10, 2019 | Source: Zargon Oil & Gas Ltd. CALGARY, Alberta, Jan. 10, 2019 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company“) (TSX:ZAR; ZAR.DB.A) announces that 82.64% of holders (“Debentureholders“) of its 8.00% convertible unsecured subordinated debentures due December 31, 2019 (the “Debentures“) voting at the extraordinary meeting of the Debentureholders held … Read more

GLOBAL LNG-Asian prices slide to 8-month low on mild winter

January 11, 2019 by EnergyNow Media

* Temperature at average to above average this week – data * Spot demand from China expected to be slow until Lunar New Year * Indian companies seek cargoes for Jan-Feb By Jessica Jaganathan SINGAPORE, Jan 11 (Reuters) – Asian spot prices for liquefied natural gas (LNG) slid to an eight-month low this week amid … Read more

Brent Crude Set for Longest-Ever Rally on OPEC, Economic Outlook

January 11, 2019 by EnergyNow Media

Jan 11, 2019, by Grant Smith (Bloomberg) Oil rose for a 10th consecutive day in London, heading for its longest run of gains on record, as OPEC cutbacks reined in supply while reassurance from the Federal Reserve buoyed the outlook for demand. Futures returned to a bull market this week after recovering about 20 percent … Read more

Five Things to Know in World Business Today

January 11, 2019 by EnergyNow Media

Jan 11, 2019, by Lorcan Roche Kelly (Bloomberg) Shutdown workaround President Donald Trump seems increasingly likely to declare a national emergency that would allocate funds for his border wall by diktat. Speculation increased after he closed off the only live negotiation on Capitol Hill aimed at resolving the ongoing shutdown, poised to become the longest in U.S. history. … Read more

Winners and Losers in Big Oil’s Offshore Spending Revival

January 11, 2019January 11, 2019 by EnergyNow Media

Jan 11, 2019, by Francois de Beaupuy (Bloomberg) After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines. The long-awaited spending rebound will re-energize oil-services … Read more

Alberta Keeps Oil Cuts at January Level as Prices Surge

January 11, 2019January 11, 2019 by EnergyNow Media

Jan 10, 2019, by Robert Tuttle (Bloomberg) Alberta’s government maintained its mandated oil curtailment in February at the same level as January even as Canadian heavy oil prices surged. The province’s oil producers collectively must cut February output by 325,000 barrels a day, according to an email from Mike McKinnon, an energy ministry spokesman. The … Read more

Canada regulator issues draft conditions in oil pipeline review

January 11, 2019January 11, 2019 by EnergyNow Media

VANCOUVER (Reuters) – Canada’s energy regulator released draft revisions of conditions and new recommendations on Thursday as part of the Trans Mountain oil pipeline expansion re-review, ordered last year after a Canadian court overturned the approval of the project. The National Energy Board proposed amendments to existing conditions related to marine safety and mammal protection, … Read more

Brad Wall: If curtailment is where we are, improvements should be on the table

January 11, 2019January 11, 2019 by EnergyNow Media

by Brad Wall Canoe Financial is the proud presenting partner for Brad Wall’s Column I could not stop looking at the photographs in his Calgary office. Captured therein were some of the most important moments and players in the recent history of our confederation. Trudeau, Levesque, Davis, Blakeney and there too, my host, featured in … Read more

Canadian Natural Gas Prices are Low & Volatile. Here’s WHY! – Deidra Garyk

January 11, 2019January 11, 2019 by EnergyNow Media

Traditional markets for Alberta natural gas are oversupplied and prices have been very low and volatile since the summer of 2017. This summer (2018), producers saw the lowest natural gas prices in 26 years. The AECO price chart from the Natural Resources Canada website shows a decreasing price trend. Reasons for this include: Pipeline constraints … Read more

Trudeau faces questions about immigration, trade, Saudi arms deal in Regina

January 10, 2019January 10, 2019 by The Canadian Press

REGINA — Prime Minister Justin Trudeau faced blunt questions from people at a town hall in Regina including one from a man who fears Canada’s immigration policies are putting lives at risk.
The man told Trudeau that Canada’s policy threatens freedom, …

NEB wants marine protection program from Trans Mountain pipeline builder

January 11, 2019January 10, 2019 by The Canadian Press

VANCOUVER — The National Energy Board would require the creation of a marine mammal protection program for the Trans Mountain pipeline in a series of draft conditions it has laid out before it considers the project.
The focus of the review is to apply…

Mexican president claims sabotage, no retreat in fuel fight

January 10, 2019January 10, 2019 by The Canadian Press

MEXICO CITY — President Andres Manuel Lopez Obrador vowed Thursday not to retreat in his battle against fuel theft gangs. As gasoline and diesel shortages are mounted in Mexico.
Lopez Obrador blamed sabotage at a key pipeline leading to Mexico City fo…

Treasury chief: No sanctions relief for Russian oligarch

January 10, 2019 by The Canadian Press

WASHINGTON — Treasury Secretary Steven Mnuchin plans to tell lawmakers in a classified briefing Thursday that the Trump administration will keep strict U.S. sanctions on the Russian oligarch Oleg Deripaska and any companies he owns.
In one of Democrat…

Judge endorses water permit for refinery near national park

January 10, 2019 by The Canadian Press

BISMARCK, N.D. — An administrative law judge in North Dakota is recommending that state officials issue a water permit for an oil refinery being developed near Theodore Roosevelt National Park that’s being opposed by environmentalists and some area la…

Talks continue to break impasse over pipeline construction in northern B.C.

January 10, 2019January 10, 2019 by The Canadian Press

SMITHERS, B.C. — A meeting is underway between RCMP and hereditary chiefs of the Wet’suwet’en First Nation over the details of a tentative agreement that would allow Coastal GasLink the access it needs to a pipeline work site in northern British Colum…

Prime minister pleased tensions are easing at site of B.C. pipeline protest

January 10, 2019January 10, 2019 by The Canadian Press

KAMLOOPS, B.C. — Arrests at a blockade this week show the government needs to properly engage with Indigenous Peoples and build a different relationship than it has had the past, Prime Minister Justin Trudeau said Thursday.
Trudeau said he was pleased…

Seven Generations’ board approves $1.25 billion capital budget in 2019

January 10, 2019 by EnergyNow Media

January 10, 2019 Globe Newswire Includes $1.1 billion to maintain production and $150 million for infrastructure and delineation projects CALGARY, Alberta, Jan. 10, 2019 (GLOBE NEWSWIRE) — Seven Generations Energy’s Board of Directors has approved a 2019 capital investment budget of $1.25 billion that is expected to be funded from operations and that, given the … Read more

Pipestone Energy Corp. Files Financial Statements

January 10, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 09, 2019 (GLOBE NEWSWIRE) — Pipestone Energy Corp. (“Pipestone Energy”) (TSX-V: PIPE) announces that in accordance with the requirements of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”) it has filed the unaudited interim financial statements for its predecessor Pipestone Oil Corp. (“POC”) for the three and nine month periods ended … Read more

ClearStream Announces Board and Executive Changes

January 10, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 09, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream”, or the “Company”, TSX: CSM and CSM.DB.A) is pleased to announce the following Board and Executive changes effective January 9, 2019: ClearStream is enhancing its governance structure with the appointment of an independent, non-executive Chairman of the Board of Directors, transitioning from … Read more

Saudi Arabia to trim oil exports further in February

January 10, 2019 by EnergyNow Media

RIYADH (Reuters) – Top oil exporter Saudi Arabia plans to lower its shipments further in February as it follows through on a global deal to cut output to prevent a build-up in supplies. Saudi Energy Minister Khalid al-Falih told a news conference in Riyadh on Wednesday that the kingdom would export 7.1 million barrels per … Read more

Oil Near One-Month High Amid OPEC Cuts, Economic Uncertainty

January 10, 2019 by EnergyNow Media

Jan 10, 2019, by Grant Smith (Bloomberg) Oil traded near a one-month high after entering a bull market, while the tension between an uncertain economic outlook and efforts by OPEC to restrict supplies continued to cause volatile trading. West Texas Intermediate slipped 0.5 percent after a rally on Wednesday brought crude’s rebound from an 18-month … Read more

Shell LNG Plant Blockade Gets No Easy Fix From British Columbia

January 10, 2019January 10, 2019 by EnergyNow Media

Jan 9, 2019, 11:00:01 PM, by Natalie Obiko Pearson (Bloomberg) British Columbia Premier John Horgan gave little sign his government was ready to intervene in a contentious blockade obstructing Royal Dutch Shell Plc’s $31 billion gas export project, shying away from condemning the indigenous group that’s defied a court order to remove barricades. “There is … Read more

Five Things to Know in World Business Today

January 10, 2019 by EnergyNow Media

Jan 10, 2019, by Lorcan Roche Kelly (Bloomberg) Mexican standoff Yesterday’s meeting between President Donald Trump and Congressional Democrat leaders produced no progress towards resolving the government shutdown as talks collapsed soon after they began. Trump, who walked out of the discussion yesterday, is travelling to the Mexican border today to rally support for his … Read more

U.S. crude stocks fall less than expected, products build sharply: EIA

January 10, 2019January 10, 2019 by EnergyNow Media

NEW YORK (Reuters) – U.S. crude oil stockpiles fell less than expected last week according to a largely bearish report on Wednesday from the Energy Information Administration, which also showed that gasoline and distillate inventories rose more than expected. Crude inventories fell by 1.7 million barrels in the week to Jan. 4, compared with analysts’ … Read more

WATCH: Cody Battershill – Discussing the upcoming Official Resource Coalition Convoy to Ottawa

January 10, 2019January 10, 2019 by EnergyNow Media

Cody Battershill - EnergyNow CBC Interview Feature

Cody Battershill of Canada Action Coalition discusses the Official Convoy planned to Ottawa in February

TransCanada’s Re-Blanding Part of a Rich Tradition: Liam Denning

January 10, 2019January 10, 2019 by EnergyNow Media

Jan 9, 2019, by Liam Denning (Bloomberg Opinion) W.C. Fields had it right: “It ain’t what they call you, it’s what you answer to.” Still, when the word “Canada” is in your name, it’s really tough to shake off the impression that you’re somehow inextricably linked with a certain country called Canada. Not that TransCanada … Read more

Band councils, hereditary chiefs play distinct governance roles: expert

January 10, 2019 by The Canadian Press

VICTORIA — Canadians are getting a crash course on the differences between non-elected hereditary chiefs and band councils elected by First Nations as RCMP arrests at a blockade in northern British Columbia launched pipeline protests across the countr…

CO2 firm captures oil giants’ support; Company says it can scrub carbon from atmosphere

January 10, 2019January 10, 2019 by EnergyNow Media

From the Financial Post See Financial Post Story HERE National Edition American oil giants Chevron Corp. and Occidental Petroleum Corp. are investing in a small Squamish, B.C.-based technology company that has created a carbon-capture system it claims can scrub CO2 from the atmosphere. Privately held Carbon Engineering Ltd. already counts some big-name investors among its … Read more

Wet’suwet’en strike tentative deal with RCMP allowing access to protect camp

January 10, 2019January 10, 2019 by The Canadian Press

HOUSTON, B.C. — Hereditary leaders of the Wet’suwet’en First Nation have reached a tentative deal with RCMP, quelling some fears of escalation after police made several arrests at nearby checkpoint earlier this week.
The chiefs say members will abide …

President calls on Mexicans to help in battling fuel thefts

January 10, 2019January 9, 2019 by The Canadian Press

MEXICO CITY — Mexico’s new president issued an emotional appeal to his countrymen to help battle against fuel thefts on Wednesday, as long lines spread to gas stations in Mexico City.
The multi-state fuel scarcity arose after President Andres Manuel L…

TSX positive streak continues as oil prices rise and Bank of Canada helps loonie

January 9, 2019 by The Canadian Press

TORONTO — Canada’s main stock index posted its strongest four-day gain in three years Wednesday as it was propelled by a large increase in the price of crude oil and the Bank of Canada’s latest rate announcement.
The Toronto Stock Exchange continued i…

Alberta minister says nine government officials harassed over Bighorn parks plan

January 9, 2019January 9, 2019 by The Canadian Press

LETHBRIDGE, Alta. — Alberta’s environment minister, facing criticism for cancelling public meetings on a new parks plan, is offering new information on security threats she says led to her decision.
Shannon Phillips says nine government officials have…

TransCanada’s Re-Branding Part of a Rich Tradition: Liam Denning

January 10, 2019January 9, 2019 by EnergyNow Media

Jan 9, 2019 by Liam Denning (Bloomberg Opinion) W.C. Fields had it right: “It ain’t what they call you, it’s what you answer to.” Still, when the word “Canada” is in your name, it’s really tough to shake off the impression that you’re somehow inextricably linked with a certain country called Canada. Not that TransCanada … Read more

Trudeau says B.C. protest arrests not ‘ideal,’ but rule of law must be respected

January 9, 2019January 9, 2019 by The Canadian Press

KAMLOOPS, B.C. — Prime Minister Justin Trudeau says it’s “not an ideal situation” that 14 people were arrested Monday in northwestern British Columbia over a protest against construction of the Coastal GasLink natural gas pipeline.
Trudeau made the co…

Northwestern B.C. First Nation expects RCMP to enforce injunction

January 9, 2019January 9, 2019 by The Canadian Press

HOUSTON, B.C. — Members of the Wet’suwet’en First Nation in northwestern British Columbia expect RCMP may serve an injunction at a protest camp on a remote forest service road southwest of Houston within hours.
The camp was established almost 10 years…

As many as 239 Alberta E&P companies could boost cashflow by almost $0.94/BOE. Are you one of them?

January 9, 2019 by EnergyNow Media

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. In a recent article, XI Technologies showed how as many as 239 Alberta E&P … Read more

Oil’s Back Above $50 as Rally Persists on U.S.-China Trade Talks

January 9, 2019 by EnergyNow Media

Jan 9, 2019 by Heesu Lee (Bloomberg) Oil rose back above $50 a barrel, extending its longest rally in 1 1/2 years as global risk assets were buoyed by the prospect of a thaw in trade tensions between the world’s biggest economies. Futures in New York — which last traded over $50 in December — … Read more

TransCanada Plans Name Change to TC Energy

January 9, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 09, 2019 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced its intention to change its name to TC Energy to better reflect the scope of the company’s operations as a leading North American energy infrastructure company. TransCanada’s shareholders will be asked to approve a special resolution … Read more

Pipestone Energy Corp. Files Financial Statements

January 9, 2019 by EnergyNow Media

An open letter on why Haisla Nation stands behind LNG Canada and Coastal GasLink

January 9, 2019January 9, 2019 by EnergyNow Media

An open letter to opponents and critics of LNG development, from Chief Councillor Crystal Smith: Chief Councillor Crystal Smith speaking to Haisla at an LNG celebration dinner. When we see what we are achieving as a Nation through our support of LNG Canada and the Coastal GasLink pipeline, we know our support has been well … Read more

Chevron, Occidental invest in CO2 removal technology

January 9, 2019 by EnergyNow Media

LONDON (Reuters) – Canada-based Carbon Engineering said on Wednesday it had received investment from a subsidiary of Occidental Petroleum Corp. and the venture capital arm of Chevron Corp. for its technology that removes carbon dioxide directly from the air. Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum Corporation, and Chevron Technology Ventures, the venture … Read more

Canada dollar to rebound in 2019, supported by higher rates

January 9, 2019 by EnergyNow Media

TORONTO (Reuters) – The Canadian dollar is expected to rally in 2019, recovering some of last year’s decline, as the Bank of Canada surprises speculators who are betting that it has already finished raising interest rates, a Reuters poll showed. The poll of more than 50 currency analysts predicted the loonie, sensitive to moves in … Read more

Five Things to Know in World Business Today

January 9, 2019 by EnergyNow Media

Jan 9, 2019, by Lorcan Roche Kelly (Bloomberg) Trade hopes China and the U.S. wrapped up trade talks, which had been extended into a third day, on an optimistic note. While there is still some distance between both sides on some of the harder issues, people familiar with the positions said that progress had been … Read more

TransCanada changing name to TC Energy

January 9, 2019January 9, 2019 by EnergyNow Media

CALGARY — TransCanada Corp. is changing its name to TC Energy. The pipeline and utilities company says the change better reflects the scope of its operations across North America. TransCanada chief executive Russ Girling says TC Energy “clearly articulates” the company’s business which includes pipelines, power generation and energy storage operations in Canada, the United … Read more

UAE says 1.2m barrel-per-day reduction ‘enough’ to balance market

January 9, 2019 by EnergyNow Media

By Bernd Debusmann Jr (Arabian Business) UAE Energy Minister Suhail Al Mazroui’s comments follow Vienna meeting, where reduction was agreed. A production cut of 1.2 million barrels of oil per day (mbpd) is ‘enough’ to balance the oil market, according to UAE Energy Minister Suhail Al Mazroui. The Minister’s comments come just over a month … Read more

BP unlocks a billion oil barrels in Gulf of Mexico with new technology

January 9, 2019 by EnergyNow Media

LONDON (Reuters) – BP said it has discovered two new oilfields in the Gulf of Mexico and has identified an additional billion barrels of oil at an existing field thanks to new seismic technology. The British company, which has only recently turned a corner following the deadly 2010 Deepwater Horizon spill, also on Tuesday announced … Read more

When to Replace Damaged, Old, or Weathered Oil and Gas Signs – IDENT

January 9, 2019 by EnergyNow Media

We get a little nerdy when it comes to making sure that we’ve done all we can to prolong the life of the oil and gas signs we make. We’ve tested them under some of the harshest conditions we can recreate to ensure we are using the best materials, but it’s pretty much impossible to make a … Read more

Create “Routines” for a Successful Year – Sandler Training

January 9, 2019 by EnergyNow Media

Every December lists appear about success. Specifically the X number of things successful people do before or during a period of time (e.g. “The 37 Things Successful People do Before Breakfast”). These lists tend to have three common themes. First successful people make time to plan their week out either on Sunday or first thing … Read more

Husky Energy puts 500 retail operations and Prince George refinery on the block

January 9, 2019January 9, 2019 by The Canadian Press

CALGARY — Husky Energy Inc. says it is looking at getting out of retailing fuels to consumers after 80 years in the business.
The Calgary-based oilsands producer says it is launching a strategic review that could result in it selling its Canadian reta…

Commentary: “WAIT! You’re Going the Wrong Way!” – How Premier Notley’s train money and the Alberta protest convoys could be combined to create a “Virtual Pipeline” to tidewater.

January 9, 2019January 9, 2019 by EnergyNow Media

by William (Bill) Simpson – EnergyNow Contributor Over the holiday season I had the opportunity to take a bit of a break and spend time with family and friends. I caught up on some reading (Gandhi: An Autobiography and Hans Rosling’s Factfulness), watched a few old movies (Miracle on 34th street, Austin … Read more

WATCH: Former Nexen CEO: A pipeline approval process that takes over 10 years isn’t competitive!

January 9, 2019January 9, 2019 by EnergyNow Media

Charlie Fischer Nexen CEO Featured Image 400x270

Former Nexen president and CEO Charlie Fischer, who has just been appointed to the Order of Canada, joins BNN Bloomberg to offer his take on the state of Canada’s energy industry and outlook this year.

Canadian heavy oil discount dwindles to fresh low

January 8, 2019 by EnergyNow Media

January 8, 2019 Comments The Canadian heavy oil differential narrowed against the West Texas Intermediate (WTI) benchmark on Tuesday to its narrowest level in more than a year and a half:Western Canada Select (WCS) heavy blend crude for February delivery in Hardisty, Alberta, settled at $9.20 a barrel below WTI crude futures , narrower than Monday’s … Read more

US government says shutdown shouldn’t stop Keystone hearing

January 9, 2019January 8, 2019 by The Canadian Press

HELENA, Mont. — The U.S. government shutdown may prevent Justice Department attorneys from going before a Montana judge next week to ask him to lift his hold on Keystone XL oil pipeline construction.
But the federal attorneys and the Canadian company …

State lawmakers join forces against offshore drilling

January 8, 2019January 8, 2019 by The Canadian Press

PORTLAND, Maine — A group of nine Democratic state lawmakers from different coastal states announced Tuesday that they are going to use their coming legislative sessions to try to block attempts at offshore drilling.
The lawmakers’ announcement came a…

Hissing, shouts of ‘shame’ as pipeline station gets permit

January 9, 2019January 8, 2019 by The Canadian Press

RICHMOND, Va. — A state board in Virginia approved a contentious plan Tuesday to build a natural gas pipeline station in a historic African-American community, prompting angry shouts of “shame” from more than 200 opponents.
The State Air Pollution Con…

Production remains suspended at site of N.L.’s November offshore oil spill

January 8, 2019January 8, 2019 by The Canadian Press

ST. JOHN’S, N.L. — Production work at Husky’s SeaRose platform off Newfoundland remains suspended as inspections continue into a spill that released an estimated 250,000 litres of oil into the ocean.
The provincial offshore regulatory board said in a …

Rallies planned for protesters arrested while blocking work on B.C. pipeline

January 8, 2019January 8, 2019 by The Canadian Press

HOUSTON, B.C. — Dozens of rallies are planned in British Columbia, across Canada and as far away as Europe to support pipeline protesters arrested in northwestern B.C.
Fourteen people were taken into custody Monday at a blockade southwest of Houston, …

Falling Oil Prices Drive Canada Trade Deficit to Six Month High

January 8, 2019 by EnergyNow Media

Jan 8, 2019 by Theophilos Argitis (Bloomberg) Canada’s merchandise trade deficit widened to the largest in six months in November as crude oil prices tumbled, adding to evidence the economy is entering into a soft patch. The nation posted a C$2.1 billion ($1.6 billion) shortfall during the month, more than double the C$851 million trade … Read more

Disrupting the Alberta Business Model Through Digital – Geoffrey Cann

January 8, 2019 by EnergyNow Media

How susceptible is the Alberta business model to disruption from digital innovation? Pretty susceptible, it turns out. THE ALBERTA BUSINESS MODEL Regular readers of this column are aware that I usually aim my commentary on broad topics, sweeping agendas and the global setting. The oil and gas industry is border agnostic, and digital technologies move across the internet at the speed of light. Location … Read more

Canadian Oil Prices Expected to Improve in 2019: Rise expected due to higher demand, more export capacity and mandatory production cuts – Deloitte

January 8, 2019January 8, 2019 by EnergyNow Media

CALGARY, ALBERTA (January 8, 2019) – Prices for Canadian heavy and light oil should improve somewhat in 2019 because of increased demand from refineries in the United States, improving transportation capacity and mandatory productions cuts in Alberta, according to Deloitte’s Resource Evaluation and Advisory (REA) group. In its latest report, Deloitte says these factors should begin to reduce the … Read more

Encana to participate in panel discussion at Goldman Sachs Energy Conference

January 8, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 07, 2019 (GLOBE NEWSWIRE) — TSX, NYSE: ECA Doug Suttles, Encana President & CEO, will be participating in a panel discussion at the Goldman Sachs Energy Conference in Miami, Florida, on Wednesday, January 9, 2019. The topic of the discussion, beginning at 8 a.m. ET, is Diversification, Discipline, Differentiation and Execution: Strategies … Read more

Baker Hughes, a GE company Announces December 2018 Rig Counts

January 8, 2019 by EnergyNow Media

HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for December 2018 was 1,025, up 34 from the 991 counted in November 2018, and up 71 from the 954 counted in December 2017. The international offshore rig count for December 2018 was 234, up 28 from … Read more

Five Things to Know in World Business Today

January 8, 2019 by EnergyNow Media

Jan 8, 2019, by Lorcan Roche Kelly (Bloomberg) Wallpower President Donald Trump is due to address the nation during prime time this evening on the “national security crisis” at the southern U.S. border. Trump’s choice of words is no accident, as people familiar with the president’s thinking say he is eager to invoke a national … Read more

Oil Extends Longest Rally in 17 Months as Supplies Seen Tighter

January 8, 2019January 8, 2019 by EnergyNow Media

Jan 8, 2019, by Sharon Cho and Grant Smith (Bloomberg) Oil extended its longest run of daily gains in 17 months on renewed efforts between the U.S. and China to reach a trade deal, and expectations the market will be tightened by OPEC’s output cuts. Futures in New York increased as much as 1.6 percent … Read more

U.S. crude stockpiles likely fell last week, products build again

January 8, 2019 by EnergyNow Media

(Reuters) – U.S. crude oil inventories were forecast to have declined last week, while analysts expected a build in refined products, the third weekly increase in a row, a preliminary Reuters poll showed on Monday. Six analysts polled by Reuters estimated, on average, that crude stocks fell 3.3 million barrels in the week to Jan. … Read more

Pollution Got Worse in 2018 Thanks to Two Overlooked Sectors

January 8, 2019January 8, 2019 by EnergyNow Media

Jan 8, 2019, by Eric Roston (Bloomberg) In the debate over climate change, the heaviest polluters — think: power plants, trucks and cars — get the most attention from policy makers. New research suggests a broader view might be called for. A pair of often-overlooked sectors posted the largest rises in carbon dioxide pollution in … Read more

Canadian Crude Surges as Rail Shipments Rise Despite Supply Cuts

January 8, 2019January 8, 2019 by EnergyNow Media

Jan 8, 2019, by Robert Tuttle (Bloomberg) Heavy Canadian crude surged to the strongest level in more than a year as rail shipments keep rising even as production was curtailed. The discount of Western Canadian Select at Hardisty, Alberta, to West Texas Intermediate futures shrank $2.10 to $10.50 a barrel Monday, the narrowest since August … Read more

TransCanada’s Marketlink crude line to cut some rates from Cushing

January 8, 2019 by EnergyNow Media

NEW YORK, Jan 7 (Reuters) – TransCanada Corp’s Marketlink pipeline filed with U.S. energy regulators to cut certain spot rates to haul crude from Cushing, Oklahoma to Port Arthur and Houston, Texas, in a move expected to draw down inventories at the storage hub: * The pipeline plans to reduce the temporary discounted spot rate … Read more

RCMP arrest 14 people in northern B.C. over anti-LNG pipeline protest

January 8, 2019January 8, 2019 by The Canadian Press

HOUSTON, B.C. — RCMP say they arrested 14 people from a blockade to a forest service road in northern British Columbia that is preventing access to a pipeline project.
Mounties say the arrests took place at the Gitdumt’en checkpoint on Morice West For…

Heavy crude discount smallest since 2017 as cuts cause confusion

January 8, 2019January 8, 2019 by EnergyNow Media

January 7, 2019 The Canadian heavy oil differential moved against the West Texas Intermediate (WTI) benchmark on Monday to its narrowest level in more than a year, as traders tried to sort out the impact of the Alberta government’s mandated production cuts: Western Canada Select (WCS) heavy blend crude for February delivery in Hardisty, Alberta, … Read more

Judge allows tribes to challenge Corps’ Dakota Access study

January 7, 2019 by The Canadian Press

BISMARCK, N.D. — A federal judge is allowing four Native American tribes in the Dakotas to challenge the recent conclusion of federal officials that a Dakota Access oil pipeline spill wouldn’t unfairly affect them, further prolonging a court case that…

S. Carolina joins offshore drilling lawsuit

January 7, 2019 by The Canadian Press

COLUMBIA, S.C. — South Carolina will join a federal lawsuit opposing the Trump administration’s plans to conduct offshore drilling tests, becoming the latest coastal state to take legal action against the proposal.
On Monday, Attorney General Alan Wil…

Yangarra Provides Operations Update and 2019 Guidance

January 7, 2019 by EnergyNow Media

January 7, 2019 CNW CALGARY, Jan. 7, 2019 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company”) (TSX:YGR) provides an operations update and outlines 2019 guidance. Operations Update Production for 2018 averaged approximately 9,400 boe/d which is a 64% increase on a production per share basis when compared to 2017, with fourth quarter 2018 production estimated at 12,200 boe/d. The … Read more

Last year was fourth warmest as greenhouse gases rise – Copernicus

January 7, 2019 by EnergyNow Media

OSLO (Reuters) – Last year was the fourth warmest on record, extending a scorching streak driven by rising concentrations of man-made greenhouse gases, the European Union’s Copernicus Climate Change Service said on Monday. Average world surface air temperatures were 14.7 Celsius (58.5 Fahrenheit) in 2018, 0.2C less than 2016 which was the hottest year on … Read more

Suncor Energy provides fourth quarter 2018 operations update

January 7, 2019 by EnergyNow Media

January 07, 2019 | Source: Suncor Energy Inc CALGARY, Alberta, Jan. 07, 2019 (GLOBE NEWSWIRE) — Suncor today provided an operations update for the fourth quarter of 2018, highlighting total upstream production of 831,000 barrels of oil equivalent per day (boe/d), which is a quarterly production record and represents an increase of 12% from the third quarter of … Read more

Petrus Resources Announces Operations Update and 2019 Outlook

January 7, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 07, 2019 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to provide an operations update and its 2019 outlook. With the recent volatility in the price of both Canadian light oil and natural gas, the Company believes that it is prudent to develop a disciplined capital … Read more

Husky Reminds MEG Energy Shareholders to Tender Well in Advance of January 16 Deadline

January 7, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 07, 2019 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) reminds MEG Energy shareholders to tender their shares immediately in support of Husky’s full and fair offer announced on September 30, 2018. Under the terms of Husky’s offer, each MEG shareholder has the option to choose to receive consideration per MEG share of $11 … Read more

Oil Set for Longest Gain in 17 Months on U.S. Economy, OPEC Cuts

January 7, 2019January 7, 2019 by EnergyNow Media

Jan 7, 2019, by Sharon Cho and Grant Smith (Bloomberg) Oil headed for its longest stretch of daily increases in more than 17 months as the U.S. Federal Reserve sought to soothe investor concerns, China moved to stimulate its economy and OPEC production cutbacks took effect. Futures in New York rose as much as 3.2 … Read more

Saudis Slash Oil Output. Get Ready for Trump Tweets: Julian Lee

January 7, 2019 by EnergyNow Media

Jan 5, 2019, by Julian Lee (Bloomberg Opinion) The list of things that President Donald Trump criticizes in his tweets varies from one day to the next. He may soon have to direct his ire to oil prices and the actions of his ally, Saudi Arabia, once again. The desert kingdom is already making good … Read more

Suncor Energy reports production hits quarterly record in fourth quarter

January 7, 2019January 7, 2019 by The Canadian Press

CALGARY — Suncor Energy Inc. says its upstream production in the last three months of 2018 hit a quarterly record.
Canada’s largest integrated oil and gas company says production averaged 831,000 barrels of oil equivalent per day, up 12 per cent from …

Five Things to Know in World Business Today

January 7, 2019 by EnergyNow Media

Jan 7, 2019, by Lorcan Roche Kelly (Bloomberg) Talks start The first day of negotiations between the world’s two largest economies on resolving their trade dispute seem to have got off to a good start, with Chinese Vice Premier Liu He unexpectedly attending what was meant to be a discussion between lower-ranking officials. While no breakthrough … Read more

Goldman Slashes Oil Forecasts as New Supply Seen Plentiful

January 7, 2019January 7, 2019 by EnergyNow Media

Jan 7, 2019, by Dan Murtaugh (Bloomberg) Goldman Sachs Group Inc. cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient U.S. shale production. Global benchmark Brent crude will average $62.50 a barrel this year, analysts including Damien Courvalin said in a Jan. 6 note, down from a previous estimate of $70. … Read more

Trump Credits `Talent’ for Gas Price, Suggests OPEC Monopoly

January 7, 2019January 7, 2019 by EnergyNow Media

Jan 4, 2019, by Tina Davis and Stephen Cunningham (Bloomberg) President Donald Trump said OPEC “is essentially a monopoly,” even as he credited his own “talent” for having brought down oil prices. “Four months ago, oil hit $83 a barrel,” Trump told reporters in the Rose Garden after meeting with Congressional leaders to try and … Read more

If You Can’t Pipe It, Refine It: Alberta Seeks Oil Glut Solution

January 7, 2019January 7, 2019 by EnergyNow Media

Jan 7, 2019, by Robert Tuttle (Bloomberg) What’s worse: Too much oil, or too much gasoline? The government of Alberta, weighing the potential of a new refinery for the province, may be on its way to finding out. In 2018, surging crude production in the Canadian province ran into limited space on export pipelines, creating … Read more

Three things you should know before you implement a new software – Aimsio

January 7, 2019 by EnergyNow Media

There can be multiple hurdles between choosing a software and successfully implementing one. And the hurdles look different depending on where you’re at in the process. Between buy-in and roll-out, a lot can happen, so let’s take a look at how to address three common hurdles. Might sound like: “Saas subscriptions are expensive.” “How we … Read more

Osprey Informatics Secures Financing from Shell Ventures, Evok Innovations and InterGen Capital for Intelligent Visual Monitoring Platform

January 7, 2019 by EnergyNow Media

CALGARY, CANADA – Osprey Informatics (“Osprey”), a provider of intelligent visual monitoring solutions for industrial operations, today announced that it has closed a $3.75 Million CAD investment round led by Shell Ventures LLC and Evok Innovations, with participation from InterGen Capital and current shareholders. The investment will be used to drive sales expansion and to bring … Read more

Rally In Regina for Canadian Resources – Come Show Your Support! Tuesday January 8th – Please Share

January 7, 2019January 7, 2019 by EnergyNow Media

Hosted by Canada Action and Rally 4 Resources – The Movement When? Tuesday, January 8, 2019 at 11:45 AM – 1:15 PM CST Where? The Legislative Assembly of Saskatchewan 2405 Legislative Drive, Regina, Saskatchewan S4S 0B3

Canada Weekly Rig Count Up 6 for Week Ending January 4, 2019

January 7, 2019January 7, 2019 by EnergyNow Media

Canada’s drilling rig count increased by 6 actively drilling rigs according to data collected by Baker Hughes for the week of January 4, 2019. From one week ago, Alberta rig counts increased 4 to 61 and the Saskatchewan rig counts increased 2 to 2. Oil drilling increased 5 to 20 and gas increased 1 to … Read more

Support the Suspension of Bill C-69 – Download and Send this Letter to Justin Trudeau Composed for You! A Strong Energy Industry Benefits ALL Canadians

January 8, 2019January 7, 2019 by EnergyNow Media

The template letter below (download & print below) to Prime Minister Justin Trudeau was composed by Candace Nutbrown, a proud Albertan and Production Technologist working in Canada’s oil and gas industry. Her letter is respectfully asking Prime Minister Justin Trudeau that Bill C-69 be suspended. If you are are in agreement with her and the … Read more

Blackbird Energy Inc. and Pipestone Oil Corp. Announce the Closing of a Strategic Merger and $310 Million in Equity and Debt Financings to Form a Premier High Growth Pure-Play Condensate Rich Montney Company

January 7, 2019January 6, 2019 by EnergyNow Media

January 4, 2019 Globe Newswire CALGARY, Alberta, Jan. 04, 2019 (GLOBE NEWSWIRE) — Blackbird Energy Inc. (“Blackbird”) (TSX-V: BBI) and Pipestone Oil Corp. (“Pipestone Oil”) are pleased to announce that they have closed their previously announced business combination (the “Transaction”), which was completed by way of a plan of arrangement (the “Arrangement”). Concurrent with the Transaction, … Read more

B.C. Indigenous group anticipating RCMP action at anti-LNG pipeline camp

January 6, 2019January 6, 2019 by The Canadian Press

Supporters of an Indigenous camp blocking access to a planned pipeline in northern British Columbia say they are anticipating RCMP action over an injunction filed against them.
Jennifer Wickham, a member of the Gidimt’en clan of the Wet’suwet’en First…

ALMOST SOLD OUT! Get Your Tickets Now! – Top 5 Reasons to Attend PSAC’s STARS & SPURS GALA – January 19, 2019 – Details & Tickets HERE

January 14, 2019January 6, 2019 by EnergyNow Media

Official Invite Sponsor of the 2019 PSAC Stars & Spurs Gala The 2019 PSAC STARS & Spurs Gala will take Place in on January 19, 2019 Stampede Park BMO Centre, Calgary, Alberta LIMITED TICKETS NOW REMAIN! DON’T BE DISAPPOINTED! GET YOURS NOW! In the spirit of Western hospitality and values, the PSAC Stars and Spurs … Read more

Activist seeks dismissal from pipeline racketeering lawsuit

January 4, 2019 by The Canadian Press

BISMARCK, N.D. — An American Indian and environmental activist named in a federal racketeering lawsuit says her opposition to the Dakota Access oil pipeline was constitutionally protected free speech, not an attempt to incite violence as the company a…

Plunging Calgary office values linked to high oil and gas unemployment rate

January 4, 2019January 4, 2019 by The Canadian Press

CALGARY — A 32 per cent decline in Calgary’s downtown office building property assessment this year will likely translate into lower costs for some tenants, but don’t expect much improvement in the vacancy rate, according to a commercial realtor.
Lowe…

U.S. oil drillers cut rigs for first week in three – Baker Hughes

January 4, 2019 by EnergyNow Media

Jan 4 (Reuters) – U.S. energy firms cut oil rigs for the first time in three weeks as producers started to reduce their 2019 drilling plans with the collapse in crude prices at the end of last year. Drillers cut eight oil rigs in the week to Jan. 4, bringing the total count down to … Read more

B.C. fuel up 4 cents, more hikes due as ‘bumpy’ year looms at pumps: expert

January 4, 2019January 4, 2019 by The Canadian Press

VANCOUVER — Extreme volatility in oil markets has resulted in a price jump for gasoline of four cents a litre in Metro Vancouver and an analyst predicts a further hike could arrive within days.
Dan McTeague, a senior petroleum analyst at GasBuddy.com,…

Canada’s two major railways well-poised for trade headwinds in 2019: analysts

January 4, 2019January 4, 2019 by The Canadian Press

MONTREAL — Canada’s two major railways are well-positioned to weather potential economic headwinds and the U.S.-China trade war, analysts say, as ongoing investments in new cars and track bolster crude-by-rail and commodities shipments.
Canadian Natio…

Peyto Exploration & Development Corp. Announces Closing of Private Placement of Senior Notes

January 4, 2019 by EnergyNow Media

CALGARY, Alberta, Jan. 03, 2019 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) is pleased to confirm that it has closed an issuance of CDN$100 million of senior unsecured notes. The notes have a coupon rate of 4.39% and mature on January 3, 2026. The notes were issued by way of a … Read more

Oil Set for Biggest Weekly Gain Since 2016 on Saudi Supply Cut

January 4, 2019 by EnergyNow Media

Jan 4, 2019, by Heesu Lee and Grant Smith (Bloomberg) Brent crude headed for its biggest weekly gain since December 2016 as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy. The global benchmark is on track for an 9.4 percent advance this week, ending three consecutive weeks of losses. Prices … Read more

Five Things to Know in World Business Today

January 4, 2019 by EnergyNow Media

Jan 4, 2019, by Lorcan Roche Kelly (Bloomberg) Payrolls Today’s U.S. jobs data for December is expected to show employers added 184,000 positions when the number is released at 8:30 a.m. Eastern Time. Forecasts suggest the jobless rate will hold at 3.7 percent and wage growth will cool slightly to 3.0 percent. Should today’s number turn out … Read more

What to Watch in Commodities in 2019: Winners and Losers Line-Up

January 4, 2019January 4, 2019 by EnergyNow Media

Jan 4, 2019, by Jeremy Hill, Ranjeetha Pakiam and Jake Lloyd-Smith (Bloomberg) Commodities took a kicking in 2018 — with deep losses in everything from oil and copper to coffee and sugar — so what’s in store for the 12 months to come? The inaugural What to Watch of the year offers a selective run … Read more

Record LNG capacity to get green light in 2019 amid strong demand

January 4, 2019January 4, 2019 by EnergyNow Media

LNG And LPG Operations At Aqaba Port, Jordan

* Final investment decision seen for over 60 mln T of LNG * LNG supply to grow by record 40 mln T in 2019 – Woodmac * Economic uncertainty may put pressure on prices, demand * Globally shipped LNG volumes: tmsnrt.rs/2RCoWRf By Jessica Jaganathan SINGAPORE, Jan 4 (Reuters) – A record amount of liquefied natural … Read more

Canadian Merger & Acquisition seen rising after hitting 12-year high in 2018

January 4, 2019January 4, 2019 by EnergyNow Media

TORONTO (Reuters) – Canadian merger-and-acquisition activity is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum, M&A advisers said. Deal volume jumped 15 percent to a 12-year high of $275.2 billion in 2018, from a year ago, according to figures from Refinitiv. … Read more

B.C. emissions going up despite Canada’s highest carbon tax

January 4, 2019January 4, 2019 by EnergyNow Media

VANCOUVER, B.C.: British Columbia’s carbon dioxide emissions continue to go up year over year, even though British Columbians pay the highest carbon tax in Canada. “Politicians tell us that we are forking over our money in a carbon tax to reduce CO2 emissions, however, that’s not what’s happening, all this is doing is taking a … Read more

North American stock markets whipped lower as Apple signals weakness in China

January 3, 2019 by The Canadian Press

TORONTO — North American markets were whipped lower Thursday after Apple’s warning about weaker holiday sales particularly in China signalled that trade tariffs could take more a bigger bite out of corporate earnings.
Market movements including large …

Black plume over Edmonton, but no hazard from refinery flare: government

January 3, 2019January 3, 2019 by The Canadian Press

EDMONTON — Alberta Environment says a 12-hour refinery flare that left a black plume visible for kilometres over Edmonton’s eastern skyline didn’t create a public health hazard.
Spokesman Jamie Hanlon says monitoring equipment registered no changes in…

ClearStream Announces New Project Award and Contract Renewals

January 3, 2019 by EnergyNow Media

January 02, 2019 Source: ClearStream Energy Services Inc. CALGARY, Jan. 02, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream”, TSX: CSM and CSM.DB.A) is pleased to announce four significant contract renewals and new work for Q4 2018. Four of ClearStream’s contracts with major Upstream, Midstream and Downstream Oil and Gas companies in Canada were up … Read more

Oil Rises Near Two-Week High Amid Economy Risks, Supply Cuts

January 3, 2019 by EnergyNow Media

Jan 3, 2019 by Grant Smith (Bloomberg) Oil increased in New York as worries over signs of slower economic growth in China were countered by OPEC’s production cutbacks. Futures rose to near $47 a barrel, approaching the highest settlement level during the last two weeks. Crude initially fell as much as 2.6 percent as Apple … Read more

Global growth worries, higher oil flatten yield curve

January 3, 2019 by EnergyNow Media

NEW YORK (Reuters) – Yields on long-dated U.S. Treasury securities fell to their lowest in nearly a year on Wednesday on concerns about the health of the global economy, a worry exacerbated late in the day when Apple Inc (AAPL.O) cut its sales outlook and sent U.S. equity index futures tumbling. Throughout the first trading … Read more

Five Things to Know in World Business Today

January 3, 2019 by EnergyNow Media

Jan 3, 2019, by Lorcan Roche Kelly (Bloomberg) Canary in the global economy Apple Inc. cited weaker demand in China when it cut its revenue outlook for the first time in almost 20 years. In a letter to investors, posted after U.S. markets closed yesterday, CEO Tim Cook said sales would be about $84 billion … Read more

OPEC oil output falls most in two years as Saudi Arabia makes cuts

January 3, 2019 by EnergyNow Media

By Bloomberg Saudi Arabia throttles back production, according to a Bloomberg survey of officials, analysts and ship-tracking data. Before its agreement to cut oil supplies even started, OPEC’s production plunged by the most in almost two years last month. In a sign of the urgency felt by the cartel amid tumbling crude prices, leading member … Read more

Oil prices decline on swelling oversupply, volatile markets

January 3, 2019January 3, 2019 by EnergyNow Media

LONDON (Reuters) – Oil prices fell slightly on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will curb fuel demand just as crude supplies are surging. U.S. West Texas Intermediate crude oil futures CLc1 dropped 35 cents to $46.19 a barrel by 0900 GMT. International Brent crude … Read more

Heavy crude differential narrows as Alberta oil cuts take effect

January 3, 2019January 3, 2019 by EnergyNow Media

January 2, 2019 The Canadian heavy oil differential narrowed against the West Texas Intermediate (WTI) benchmark on Wednesday, as Alberta’s mandated oil production cutbacks took effect: * Western Canada Select (WCS) heavy blend crude for February delivery in Hardisty, Alberta, traded on Wednesday afternoon at $12.75 a barrel below WTI crude futures , narrower than … Read more

Syncrude to pay $2.75 million to settle charges in Alberta blue heron deaths

January 3, 2019January 3, 2019 by The Canadian Press

FORT MCMURRAY, Alta. — Syncrude has agreed to plead guilty and pay $2.75 million in fines over the deaths of 31 great blue herons at an Alberta oilsands mine.
The birds were found dead or dying in 2015 at an abandoned sump pond at Syncrude’s Mildred L…

Western Canada oil prices remain strong as Alberta production cutbacks kick in

January 3, 2019January 3, 2019 by The Canadian Press

CALGARY — Crude oil prices in Western Canada remained elevated on Wednesday, the day after provincially mandated oil production curtailments came into force, but a government spokesman says it’s too early to say how long the program will remain in pla…

Turbulent or Steady? OPEC or Shale? — The State of Oil in 2019

January 3, 2019January 3, 2019 by EnergyNow Media

Jan 2, 2019, by Christopher Sell (Bloomberg) Oil had a tumultuous 2018, with prices rising to a four-year high in October before plunging more than $30 in the following months. Oversupply and demand worries are high on the concern list for the industry, making volatility a buzzword this year as well. There are other power … Read more

Michigan AG to review pipeline deal at governor’s request

January 3, 2019January 2, 2019 by The Canadian Press

LANSING, Mich. — Michigan’s new governor and attorney general moved quickly Wednesday to review the legality of a contentious state deal to run an oil pipeline beneath a crucial section of the Great Lakes.
Democratic Gov. Gretchen Whitmer announced he…

OPEC Output Falls Most in Almost 2 Years as Saudi Cuts Begin

January 2, 2019 by EnergyNow Media

Jan 2, 2018 by Grant Smith (Bloomberg) Before its agreement to cut oil supplies even started, OPEC’s production plunged by the most in almost two years last month. In a sign of the urgency felt by the cartel amid tumbling crude prices, leading member Saudi Arabia throttled back production, according to a Bloomberg survey of … Read more

Eagle Energy Provides Operational Update and Enters into a Forbearance Agreement

January 2, 2019 by EnergyNow Media

January 2, 2019 CNW CALGARY, Jan. 2, 2019 /CNW/ – (TSX : EGL): Eagle Energy Inc. (“Eagle“) provides an operational update on its North Texas development program and announces that it has entered into a forbearance agreement with its lenders. Operational Update Wayne Wisniewski, President and Chief Executive Officer of Eagle, stated, “We are pleased to report updated production for … Read more

NEW BOOK from Geoffrey Cann – Bits, Bytes, and Barrels – The Digital Transformation of Oil and Gas: Develop Your Digital Strategy

January 2, 2019January 2, 2019 by EnergyNow Media

Bits, Bytes, and Barrels—The Digital Transformation of Oil and Gas “A handbook of how to develop digital strategy and culture and get IT and operations engaged. Interesting for those familiar with oil and gas, easy to understand for those who are not”, says Soheil Asgarpour, CEO, Petroleum Technology Alliance of Canada by Geoffrey Cann The … Read more

Point Loma Resources Announces Rex Oil Well Completion Update, Listing of Warrants

January 2, 2019 by EnergyNow Media

January 2, 2019 Accesswire CALGARY, ALBERTA / ACCESSWIRE / January 2, 2019 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma”) is pleased to announce the timing of the listing of warrants issued on October 25, 2018. In addition the Corporation is providing updated operational information. Highlights The Wizard Lake Rex horizontal oil well … Read more

Paramount Resources Ltd. Announces Renewal of Normal Course Issuer Bid

January 2, 2019 by EnergyNow Media

January 2, 2019 CALGARY, Jan. 2, 2019 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) announces that its board of directors has approved the implementing of a normal course issuer bid (“NCIB”). A Notice of Intention to make a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock … Read more

Pulse Oil Corp. Announces Second Well Drilling Operations Completed at Queenstown Light Oil Field

January 2, 2019 by EnergyNow Media

CALGARY, Jan. 2, 2019 /CNW/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) announces that on December 27th, 2018, drilling of Pulse’s second exploration well, PUL HZ QUEENSTN 12-9-19-21 W4 (“12-9″), reached a total measured depth, as planned, of 2957m (TVD 1389m), including 1237mof lateral section within a highly porous Mannville-aged Lithic sandstone channel. The 12-9 well was Pulse’s second … Read more

5 Reasons Why the Canadian Oilpatch Could be in for Another Turbulent Year in 2019

January 2, 2019 by EnergyNow Media

Anxiety about pipelines and oil prices are 2 of the key issues to watch Tony Seskus · CBC News · Posted: Jan 01, 2019 Canada’s oilpatch will be glad to see the back of 2018 — a year that saw domestic crude prices plunge, pipeline construction stall and tensions grow with Ottawa. But the coming year doesn’t promise much relief. Big questions loom … Read more

Oil Begins 2019 With Renewed Slide Amid Fears Over China Growth

January 2, 2019January 2, 2019 by EnergyNow Media

Jan 2, 2019 by Grant Smith (Bloomberg) — Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus. Futures declined 1.6 percent in New York after a turbulent 2018 that saw volatility … Read more

Five Things to Know in World Business Today

January 2, 2019 by EnergyNow Media

Jan 2, 2019, by Lorcan Roche Kelly (Bloomberg) New year, same old story Equity markets are starting 2019 as they ended 2018, with stocks under pressure across the globe. Overnight, the MSCI Asia Pacific Index dropped 0.9 percent as disappointing Chinese data soured investor sentiment in the region. Japanese markets were closed. In Europe, the Stoxx … Read more

U.S. Gulf Refiners Feast on Domestic Oil Amid Rising Output

January 2, 2019 by EnergyNow Media

Jan 1, 2019, by Lucia Kassai (Bloomberg) U.S. light oil has become too cheap for Gulf Coast refiners to pass up. Fuel makers on the Gulf, home to the largest cluster of refineries in the world, processed oil with an average API gravity of 33.06 in October, according to the Energy Information Administration. The measure … Read more

OPEC+ Caps Prove No Barrier to Record Russian Oil Output in 2018

January 2, 2019 by EnergyNow Media

Saudi Energy Minister Khaled al-Falih and Russian Energy Minister Alexander Novak. Photo: AMER HILABI/AFP/Getty Images

Jan 1, 2019, by Jake Rudnitsky and Dina Khrennikova (Bloomberg) Russia’s oil production reached a post-Soviet high last year even as it coordinated supply with the Organization of Petroleum Exporting Countries. Output averaged 11.16 million barrels a day, up 1.6 percent from 2017, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That compares … Read more

Breakingviews predicts a year of High Anxiety

January 2, 2019 by EnergyNow Media

By George Hay LONDON (Reuters Breakingviews) – In Mel Brooks’ seminal 1977 Hitchcock parody “High Anxiety”, much of the action revolves around the Psycho-Neurotic Institute for the Very, Very Nervous. Investors may feel the need to book into a similar establishment in 2019. Too many huge decisions need to be called correctly to feel relaxed … Read more

After Worst Slump in Decade, Canada Stocks Seen Reviving in 2019

January 2, 2019January 2, 2019 by EnergyNow Media

Jan 2, 2019, by Kristine Owram (Bloomberg) Canadian equity strategists may have spent New Year’s Eve eating crow, as not even the most bearish outlook foresaw what turned out to be the worst year for stocks since 2008. That hasn’t stopped them from predicting double-digit gains for 2019. The S&P/TSX Composite Index will end 2019 … Read more

Crafting a Personal Vision with All Five Senses – Sandler Training

January 2, 2019 by EnergyNow Media

Goal setting tends to be on our minds this time of year. Goals setting, and goal achievement, are great, but setting goals without a clearly defined personal vision puts us on a hamster wheel that starts all over every January 1. Eventually that is demotivating because we feel like we’re never getting anywhere (even if we … Read more

Alberta production curtailment could have unintended negative impacts for smaller producers

January 2, 2019 by EnergyNow Media

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. Alberta’s mandatory production curtailment includes an exemption for the first 10,000 barrels of oil produced. This measure … Read more

Sable Offshore Energy Project permanently shuts down after nearly 20 years

January 2, 2019January 2, 2019 by The Canadian Press

HALIFAX — A government agency says all production from the Sable Offshore Energy Project off the coast of Nova Scotia has been permanently shut down.
The Canada-Nova Scotia Offshore Petroleum Board says production from all of the Sable project’s field…

Analysts Optimistic About Future of Canada’s Energy Sector – CEC

January 2, 2020January 2, 2019 by EnergyNow Media

Published by Canadian Energy Centre Staff Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Jackie Forrest, senior director of research at Calgary-based ARC Energy Research Institute. Photograph for Canadian Energy Centre Canada’s large supply of oil and gas, existing infrastructure and ability to leverage its lead … Read more

Conservative leader says Trudeau will hike carbon tax if he wins vote in 2019

January 2, 2019January 2, 2019 by The Canadian Press

REGINA — Conservative Leader Andrew Scheer welcomed 2019 with a warning that if Canadians re-elect Justin Trudeau this year, the federal carbon tax that’s going to take effect will only climb.
“Canadians know what Justin Trudeau is going to do. Now th…

Oil starts 2019 with gains, as traders gear up for volatile year

January 1, 2019 by EnergyNow Media

SINGAPORE (Reuters) – Oil markets began 2019 in positive territory on Wednesday, as traders prepare for a likely volatile year of trading amid soaring U.S. crude supply and concerns about a global economic slowdown. International Brent crude futures LCOc1 were at $54.31 per barrel at 0126 GMT, up 51 cents, or 1 percent from their … Read more

B.C. Supreme Court grants natural gas pipeline company interlocutory injunction

January 1, 2020January 1, 2019 by The Canadian Press

VANCOUVER — The British Columbia Supreme Court has granted Coastal GasLink an interlocutory injunction against members of a First Nation and others who oppose the company’s natural gas pipeline.
The company is building a pipeline from northeastern B.C…

Registration is officially open for Global Petroleum Show 2019!

January 2, 2019January 1, 2019 by EnergyNow Media

Attend Global Petroleum Show, June 11 – 13, 2019, the most important energy expo & conference in North America held in Calgary, Canada, attracting more than 50,000 international and domestic oil and gas executives from over 21,000 companies. Officials from government, national and international energy companies across the entire supply chain convene at GPS to share innovative … Read more

Roiled in oil: Alberta votes in 2019 as energy issues, Trudeau dominate debate

January 2, 2019January 1, 2019 by The Canadian Press

EDMONTON — The year 2019 will decide whether Premier Rachel Notley’s NDP gets to finish the job of getting more oil to market or become the first party in provincial history to be one and done.
“I know that the opposition wants to sort of revel in wha…

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