VICTORIA BEACH, Man. — British Columbia’s Oil and Gas Commission says the province is the first in Western Canada to impose legal timelines for the restoration of oil and gas wells.
The commission says the regulation is part of a new liability managem…
SASKATOON — The Saskatchewan government has filed notice that it is taking its challenge of the federal carbon tax to the Supreme Court of Canada.
Justice Minister Don Morgan says the province will ask the high court to rule on whether the tax is cons…
Yesterday, senators voted to accept comprehensive amendments to Bill C-69. With all these amendments, Bill C-69 would ensure a timely and effective approval process. Without them, it will send a troubling message that Canada is a place not interested in getting big projects, like pipelines, built. Can you send a letter to the Prime Minister, … Read more
May 30, 2019 Reuters ** Brokerages raise PT on Canadian Natural Resources on deal with Devon; JP Morgan raises by C$2 to C$50, GMP FirstEnergy by C$1 to C$50** CNQ said on Wednesday it would buy Devon Energy’s Canadian assets for C$3.8 bln ** “CNQ was able to make the math work to acquire an asset … Read more
May 31, 2019 Accesswire CALGARY, AB / ACCESSWIRE / May 31, 2019 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma“) announces that in order to preserve its cash on hand, it has entered into debt settlement agreements with certain arm’s length parties to settle trade payables in the sum of $543,750 in consideration … Read more
May 30, 2019 CNW CALGARY, May 30, 2019 /CNW/ – (TSX: EGL): Eagle Energy Inc. (“Eagle“) announced today that Brenda Galonski, Vice President, Finance and Controller of Eagle, will succeed Kelly Tomyn as Eagle’s Chief Financial Officer, effective June 1, 2019. Wayne Wisniewski, President and Chief Executive Officer, commented, “On behalf of Eagle and its board of directors, I would like … Read more
May 30, 2019 TRAVERSE CITY, Mich. – Enbridge Inc. said Thursday it could have a proposed oil pipeline tunnel built and operating beneath a crucial Great Lakes channel by early 2024, responding to demands from Michigan officials to expedite the shutdown of existing twin pipelines. The Canadian company said it had sent Gov. Gretchen Whitmer … Read more
May 30, 2019 The government of Canada’s main crude-producing province Alberta said on Thursday companies will be limited to producing 3.71 million barrels per day of crude in July, keeping curtailments unchanged from June.Alberta introduced mandatory production curtailments, effective Jan. 1, to ease a glut of crude in storage that had pushed Canadian crude prices … Read more
May 31, 2019 by Theophilos Argitis (Bloomberg) Canada’s economy stalled for a second straight quarter, but the weak overall performance was driven by falling exports and masked strong gains in household spending and investment that suggest the nation’s expansion is poised to pick up speed. The economy grew by just 0.1% in the first quarter, … Read more
May 31, 2019 by Lorcan Roche Kelly (Bloomberg) Trump hits Mexico with tariff threat, China plans “major” retaliation, and bonds reach new records. Here are some of the things people in markets are talking about today. Peso hit President Donald Trump said he will impose a 5% tariff on Mexican goods, taking effect on June 10, … Read more
May 31, 2019 by Julian Lee (Bloomberg) From Russia to Saudi Arabia, Iran to Venezuela, the list of crude oil supplies being curtailed or disrupted around the world is growing longer by the month. This story examines whether the market’s biggest supply shifts are actually netting out into a global shortage of oil or not. … Read more
May 31, 2019 by Grant Smith (Bloomberg) Oil headed for its biggest monthly slump this year as fears that the U.S.-China trade war will hurt demand overshadowed concern over rising political tensions in the Persian Gulf. Futures slipped to the lowest in more than two months in New York and London on Friday. Trade friction … Read more
May 30, 2019 | Source: Zargon Oil & Gas Ltd. CALGARY, Alberta, May 30, 2019 (GLOBE NEWSWIRE) — (TSX – ZAR) Zargon Oil & Gas Ltd. (“Zargon” or the “Company“) announces that the following matters were voted upon at the annual and special meeting of the shareholders of Zargon held on May 30, 2019 in Calgary, … Read more
May 30, 2019 16:09 ET | Source: Cordy Oilfield Services Inc. CALGARY, Alberta, May 30, 2019 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released today its first quarter 2019 results. Three months ended March 31, ($ 000’s) 2019 2018 ($) Change Revenue Environmental Services 5,026 4,983 43 Heavy Construction … Read more
by Geoffrey Cann During the recent Alberta provincial election campaign, I heard this rallying cry to “shut off the taps” — to cut the flow of oil through the pipeline that supplies British Columbia with its petroleum. Turning off the Taps In a marked departure from the normal content of this article series (the impacts … Read more
A commentary by Wendy Ferguson Premier Jason Kenney has begun to reverse some of the decisions of his predecessor by announcing imminent changes to employment legislation in anticipation of boosting our suffering Alberta economy. This labour law reform will reverse some of what the NDP government had put into place in 2018, and will undeniably … Read more
EDMONTON — Alberta’s consumer carbon tax is dead, setting the stage for a showdown with Ottawa over the imposition of a new one.
The province cancelled its tax on gasoline at the pumps and on home heating fuels just after midnight Thursday morning.
Pr…
TRAVERSE CITY, Mich. — Enbridge Inc. said Thursday it could have a proposed oil pipeline tunnel built and operating beneath a crucial Great Lakes channel by early 2024, responding to demands from Michigan officials to expedite the shutdown of existing…
May 30, 2019 by Lorcan Roche Kelly (Bloomberg) Second front in U.S. trade war opens, first-quarter GDP due, and bears ready for Uber earnings. Here are some of the things people in markets are talking about today. Europe next? Ten months after President Donald Trump and European Commission President Jean-Claude Juncker agreed a tariff truce very little progress … Read more
May 30, 2019 by Erik Hertzberg (Bloomberg) Canadian resource companies are choosing to invest abroad at record levels, amid waning global interest in the nation’s energy and mining assets. Statistics Canada reported Thursday that Canadian-based energy and mining companies invested a net C$15.5 billion ($11.5 billion) outside of the country in the first three months … Read more
May 30, 2019 by Robert Tuttle (Bloomberg) Canadian Natural Resources Ltd. can’t yet claim the “King of the Oil Sands” status, but it’s a lot closer to overtaking its rival Suncor Energy Inc. after buying a key Athabasca drilling site. The company’s $2.8 billion purchase of Devon Energy Corp.’s Jackfish brings Canadian Natural’s oil-sands production … Read more
May 29, 2019 CNW /NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, May 29, 2019 /CNW/ – Highwood Oil Company Ltd., (“Highwood” or the “Corporation“) (TSXV: HOCL) is pleased to announce financial and operating results for the quarter ended March 31, 2019. The Corporation also announces that its unaudited financial statements and associated Management’s Discussion … Read more
May 29, 2019 Globe Newswire CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX: TEI) is pleased to announce that it has renewed its revolving operating credit facility with its Senior Lender at the existing level of $25 million. The terms of the amended credit facilities remain unchanged with the … Read more
May 29, 2019 Globe Newswire Focus on Advancing Goldboro LNG Continues CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA – TSXV) has filed its first quarter (“Q1”) unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the first three months of 2019. Pieridae’s unaudited condensed interim … Read more
May 29, 2019 CNW CALGARY, May 29, 2019 /CNW/ – Connacher Oil and Gas Limited (“Connacher” or the “Company”) announces its financial and operating results for the quarter-ended March 31, 2019 (all amounts are in Canadian dollars unless otherwise noted). Q1 2019 Highlights Financial Q1 2019 revenue, net of royalties, increased to $53.6 million (Q1 2018 – $33.9 million), primarily due to higher crude … Read more
May 29, 2019 CNW CALGARY, May 29, 2019 /CNW/ – Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company”) is pleased to provide details of an enhanced five-year development plan. FREE CASH FLOW ACCELERATION PLAN: SUMMARY OF PLAN CHANGES Aggregate free cash flow increases by approximately $840 million to a total of approximately $3.05 billion over the five years. Annual production and cash flow(2) are … Read more
Taxpayers win with business tax relief that will get Albertans back to work EDMONTON, AB: The Canadian Taxpayers Federation is celebrating a huge victory as the Alberta government starts lowering business taxes to get Albertans back to work. Finance Minister Travis Toews announced the corporate income tax rate will fall from 12 per cent to … Read more
DALLAS — Activist shareholders used Exxon Mobil’s annual meeting to renew their accusations that the company is failing to confront a future that may include stricter regulations to limit climate change caused by burning fossil fuels.
A representative…
Calgary, Alberta–(Newsfile Corp. – May 29, 2019) – LEUCROTTA EXPLORATION INC. (TSXV: LXE) (“Leucrotta” or the “Company”)is pleased to announce its financial and operating results for the three months ended March 31, 2019. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Achieved net earnings of $2.7 million and adjusted funds flow of $4.1 million. … Read more
May 29, 2019 by Lorcan Roche Kelly (Bloomberg) The global bond rally is getting serious, China gears up to weaponize rare earths, and big moves in the commodity market. Here are some of the things people in markets are talking about today. 2% in sight Government bond yields across the world are tumbling again, with the U.S. … Read more
May 28, 2019 by Theophilos Argitis and Erik Hertzberg (Bloomberg) Bank of Canada Governor Stephen Poloz will probably keep interest rates unchanged Wednesday in what looks to be a prolonged hiatus, at least until after elections in October. All 25 analysts surveyed by Bloomberg see policy makers leaving the benchmark overnight rate at 1.75% in … Read more
May 29, 2019 by Saket Sundria and Grant Smith (Bloomberg) Oil slumped as escalating trade hostilities between the U.S. and China stoked fears of slowing global growth, overshadowing forecasts for a drop in American crude inventories. Futures in New York lost as much as 2.5% after rallying 2.1% since the close on Thursday following Chinese … Read more
May 28, 2019 | Source: Delphi Energy Corporation CALGARY, Alberta, May 28, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that the Company’s syndicate of lenders, led by Alberta Treasury Branches and including The Bank of Nova Scotia and Bank of Montreal, has extended the term out date of the Company’s $105 million senior … Read more
May 29, 2019 05:00 ET | Source: Canadian Natural Resources Limited CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces it has entered into an agreement, subject to regulatory approval, to acquire substantially all of the assets of Devon Canada Corporation (“Devon”), for a cash purchase price of C$3.775 … Read more
Osprey Reach delivered top marks in the Energy Excellence Awards Digital Oilfield category. Osprey Reach is transforming the essentially “dumb” surveillance systems of the past, that required a set of human eyes to make effective, to “smart” systems able to distinguish out-of-the-ordinary events, from intruders or physical dangers to leaks and equipment breakdown, around the … Read more
With spring in full swing and the Oil & Gas Show once again in lovely Weyburn Saskatchewan, the Workaware team cordially invites anyone attending to stop by the Workaware booth on the tradeshow floor and get a live demonstration of the software platform. We will have a large touchscreen monitor to showcase the desktop program … Read more
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 to receive our Wednesday Word to the Wise in your inbox, subscribe here. There’s no doubt the current business climate has been particularly tough on … Read more
CALGARY — Canadian Natural Resources Ltd. has signed a deal to buy the Canadian operations of Devon Energy Corp. for $3.8 billion.
The assets include thermal in situ oilsands production and conventional primary heavy crude oil operations located adjac…
CALGARY — TC Energy Corp. has signed a deal to sell an 85 per cent stake in its Northern Courier Pipeline to Alberta Investment Management Corp. for roughly $1.15 billion.
The company formerly known as TransCanada says the 90 kilometre pipeline transp…
Conservative Leader Andrew Scheer says he wants to end Canadian imports of foreign oil by 2030, a move experts say would mostly affect purchases from the United States and could endanger deep trade relationships.
Scheer raised the idea in a recent spe…
May 28, 2019 | Source: Bellatrix Exploration Ltd. CALGARY, Alberta, May 28, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) announced today that, in connection with the previously announced recapitalization transaction (the “Recapitalization Transaction”) described in the Company’s management information circular dated April 18, 2019, the Company has obtained a final … Read more
CALGARY — Husky Energy Inc. is slowing its capital spending on western Canadian projects over the next five years to allow downstream capacity to catch up with oil production as pipeline constraints continue to impede the industry’s ability to get oil…
May 27, 2019 CNW CALGARY, May 27, 2019 /CNW/ – PetroShale Inc. (“PetroShale” or the “Company”) (TSXV: PSH, OTCQX: PSHIF) is pleased to announce our financial and operating results for the three month period ended March 31, 2019. The Company’s unaudited consolidated interim financial statements and corresponding Management’s Discussion and Analysis (MD&A) for the period will be available on SEDAR … Read more
May 28, 2019 by Saket Sundria (Bloomberg) Brent crude traded around $70 a barrel as a two-day rebound petered out on signs the U.S. and China are still far from reaching a trade deal, while supply risks from the Persian Gulf to Venezuela kept investors wary. Futures in London were steady after rallying 3.5% over … Read more
May 28, 2019 by Lorcan Roche Kelly (Bloomberg) Trump not ready to cut a trade deal, EU and U.K. look to choose new leaders, and Alibaba weighs $20 billion Hong Kong offering. Here are some of the things people in markets are talking about today. Big in Japan President Donald Trump was in Japan for the … Read more
This news release contains references to the non-GAAP financial measures “free cash flow” and “funds from operations”. Please refer to “Non-GAAP Measures” at the end of this news release. May 28, 2019 | Source: Husky Energy Inc. CALGARY, Alberta, May 28, 2019 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) will hold its Investor Day in Toronto today … Read more
May 28, 2019 by Sheela Tobben (Bloomberg) A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for summer driving season. In the Gulf Coast, dwindling heavy oil supplies have suppressed refining margins, while Midwest refiners may not reach the high run rates seen … Read more
May 28, 2019 by Robert Tuttle (Bloomberg) Texas money is flowing into a small corner of Canada’s oil sands at a time when big international companies are pulling out. Rangeland Energy, based in the Houston suburb of Sugar Land, is building a 50,000-barrel-a-day, 85 kilometer (53-mile) pipeline in the Marten Hills area of the Athabasca … Read more
May 27, 2019 by Theophilos Argitis (Bloomberg) Canadian Prime Minister Justin Trudeau’s government gave lawmakers formal notice it intends to bring forward legislation to ratify the new North American free trade agreement. Foreign Affairs Chrystia Freeland introduced a “ways and means” motion in the House of Commons on Monday for the legislation, which is the … Read more
CALGARY — The Alberta Energy Regulator is moving to restrict oilfield fracking activity near the Brazeau Reservoir in east central Alberta as a precaution following a 4.3 magnitude earthquake south of the area in March.
The AER says hydraulic fracturi…
PROJECT Suncor Fort Hills Tank Skirt System COMPANIES INVOLVED Secure Energy Services, Suncor, Western Engineered Containment Ltd. (WEC) TANK SKIRT PURPOSES Erosion Control – rain or melting snow can carry earthen material (dirt) from the slopes coming down from tanks to the toe, compromising tank foundation stability. Precidium ™ ECS™ (ECS™) prevents that from happening … Read more
May 26, 2019 CNW CALGARY, May 24, 2019 /CNW/ – Gear Energy Ltd. (“Gear”) (TSX: GXE) today announces that the annual borrowing base redetermination of its credit facilities has been finalized. The amended credit facilities have been reduced from a total $115 million to $90 million and is now comprised of a $70 million syndicated revolving term credit facility and a $20 … Read more
May 27, 2019 CNW CALGARY, May 27, 2019 /CNW/ – AltaGas Ltd. (AltaGas) (TSX:ALA) announced today the appointment of D. James Harbilas as Executive Vice President and Chief Financial Officer, effective June 10, 2019. Mr. Harbilas will be responsible for AltaGas’ finance, treasury, corporate development and capital market functions. “The operational and financial priorities for … Read more
May 27, 2019 Reuters CALGARY, Alberta (Reuters) – Canadian midstream company Gibson Energy is loading 60 unit trains per month at the Hardisty, Alberta, crude-by-rail terminal and that will rise to 90 trains per month by the end of the summer, Chief Executive Steve Spaulding said on Friday. Each unit train can carry around 60,000-75,000 barrels, … Read more
May 27, 2019 | Source: Enerflex Ltd. CALGARY, Alberta, May 27, 2019 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company”) announced today that D. James Harbilas, Executive Vice President and Chief Financial Officer (“CFO”), will resign effective June 7, 2019 to pursue another opportunity. “On behalf of the entire board of directors and the executive management … Read more
Written by Laura M. Gill, Stephanie Clark and Justin Duguay On February 6, 2019, the Alberta Court of Appeal (ABCA) released its first ever decision on section 218 of the Environmental Protection and Enhancement Act (EPEA), which may extend limitation periods applicable to environmental contamination claims. By a unanimous decision in Brookfield Residential (Alberta) LP (Carma Developers LP) … Read more
Azoto Energy Services Ltd. (Azoto) announces that it has completed a significant acquisition of 52 pieces of high-quality heavy rolling High rate fired and low rate non-fired nitrogen pumps, storage, transports and tube trailers. David Lee, the Company’s President, said “This acquisition of significant pumping assets is an exciting development for Azoto. This transaction allows … Read more
Click here to see the specifications for Instrument Air Package (Containerized), 1400 SCFM 900 psig 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
Eclipse E-Line Services Inc. is pleased to announce that Franklin Zhang has joined our team to fill the role of Senior Log Analyst. Franklin will be responsible for analysing and preparing log interpretations for the Cased Hole logs that we conduct for our customers. This suite of logs includes Radial Cement Bond Logs, Noise Surveys, … Read more
Whether you’re monitoring penetration rate on an oil rig or controlling a process in a chemical manufacturing plant, the 1301-Z1 is a hazardous area PC your team will be continually impressed with. Small enough to fit, tough enough to survive and smart enough to perform: this is today’s Zone 1 HMI. The 1301-Z1 was built … Read more
Paradox Access Solutions is proud to have worked with Arctic Gateway Group to restore the town of Churchill’s access to essential commodities after a flood washed out approximately 30 sections of railway, over a distance of nearly two kilometers in early 2017. Located in the far north of the province of Manitoba, the town … Read more
OTTAWA — Green party Leader Elizabeth May says saving the world from climate change requires Canada to get off oil before the middle of the century.
In the meantime, she wants Canada off foreign oil as soon as possible.
The promise to make Canada ener…
Canada’s drilling rig count up 15 actively drilling rigs according to data collected by Baker Hughes for the week ending May 24, 2019. From one week ago, Alberta rig counts increase 10 to 53 and the Saskatchewan rig count increased 10 to 11. Oil drilling increased 16 to 38 and gas decreased 1 to 40. … Read more
Taxpayers are losing billions due to a lack of pipelines OTTAWA, ON: The Canadian Taxpayers Federation is launching a cross-country tour to show how much money taxpayers are losing because Canadian oil is sold for less than its full value due to a lack of pipeline capacity. The tour includes a large digital clock displaying losses … Read more
VANCOUVER — The British Columbia Court of Appeal ruled Friday that the province did not have the authority to restrict shipments of diluted bitumen through its borders. Here are five takeaways from the decision and its impacts:
1. Provinces cannot bri…
by Andreea Papuc (Bloomberg) Results are trickling from the EU Parliament vote, stocks in Asia look like stabilizing amid the trade war, and Fiat Chrysler and Renault are said to be readying a tie-up. Here are some of the things people in markets are talking about today. EU Elections Mainstream European Union parties are mostly holding their … Read more
May 27, 2019 Azoto Energy Services Ltd. (Azoto) announces that it has completed a significant acquisition of 52 pieces of high-quality heavy rolling High rate fired and low rate non-fired nitrogen pumps, storage, transports and tube trailers. David Lee, the Company’s President, said “This acquisition of significant pumping assets is an exciting development for Azoto. … Read more
May 24, 2019 by Sheela Tobben (Bloomberg) A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for summer driving season. In the Gulf Coast, dwindling heavy oil supplies have suppressed refining margins, while Midwest refiners may not reach the high run rates seen … Read more
May 24, 2019 CNW CALGARY, May 24, 2019 /CNW/ – The Canadian Association of Petroleum Producers (CAPP) is pleased the British Columbia Court of Appeal has reaffirmed that no one province has the authority to shut down construction of the Trans Mountain expansion pipeline (TMEP). The future of TMEP now rests with the Government of Canada to ensure construction begins immediately following … Read more
VANCOUVER — The British Columbia Utilities Commission says it has set out the process for its inquiry into gas and diesel prices in the province.
It says the inquiry will explore factors potentially impacting prices in the province since 2015, includi…
VANCOUVER — Conservative Leader Andrew Scheer says the economy has become such a mess under the Liberals that it would take a Conservative government five years to clean it up.
He accused the Liberal government of embarking on a “deficit spree” and sp…
May 24 (Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row as weaker oil prices encourage drillers to follow through on plans to cut spending. Drillers cut five oil rigs in the week to May 24, bringing the total count down to 797, … Read more
May 24, 2019 by Lorcan Roche Kelly (Bloomberg) Theresa May announces her resignation, Trump administration may have more tariff targets, and oil’s having a bad week. Here are some of the things people in markets are talking about today. May over (in June) British Prime Minister Theresa May announced that she will step down as Conservative … Read more
May 24, 2019 by Grant Smith and Tsuyoshi Inajima (Bloomberg) Oil rose, paring its biggest weekly loss of the year, as signs that global crude markets are tightening jostled with fears that the U.S.-China trade feud will hurt fuel demand. Futures plunged 5.7% in New York on Thursday as investors fled riskier assets following the … Read more
May 24, 2019 by Javier Blas (Bloomberg) For almost four weeks, the tanker Mendeleev Prospect has been anchored idly off the Polish port of Gdansk unable to discharge a $50 million cargo of crude oil. After any normal voyage the tanker would quickly deliver its 700,000 barrels of Russian crude into a refinery for processing … Read more
May 24, 2019 by Esha Dey and Molly Smith (Bloomberg) For Elon Musk and Tesla Inc., the blows from Wall Street came one after another this week — a relentless barrage that left the stock so beat up that some now wonder if it can ever regain its status as the ultimate 21st century disrupter. … Read more
May 23, 2019 | Source: Cequence Energy Ltd CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce a proposed debt restructuring transaction, private placement and credit facility renewal update. Under the terms of a first amending agreement to the Company’s $60.0 million Term Loan entered into … Read more
May 23, 2019 | Source: Bellatrix Exploration Ltd. CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) today announced that at the meetings (the “Meetings”) of holders of the Company’s outstanding 8.5% senior unsecured notes due 2020 (the “Senior Unsecured Noteholders”), holders of the Company’s outstanding 6.75% convertible debentures … Read more
Numerous Indigenous groups are ready to buy a stake of the Trans Mountain pipeline expansion project. As Ottawa finishes its final rounds of consultations on the multi-billion dollar project, the coalition of bands behind Project Reconciliation is hoping to forge a new path towards reconciliation, all while helping to save Canada’s energy sector. Heather Yourex-West … Read more
Do you have a passion for technology? Are you a math and science whiz? Want to be an engineer? Hoping to make an impact on innovation and advancement? Yes? Then start by ensuring you have the financial spark to get your studies started. SPARK STEM Scholarship Four $500 scholarships are available for full time students … Read more
On May 16, STEP hosted a tech talk at the Calgary Petroleum Club focusing on STEP-IQ™ real-time data services. The presentation covered STEP-IQ’s fiber optic and e-coil technology as well as the Company’s diverting agent, STEP-PLEX™. STEP-IQ provides reliable, real-time measurements allowing operators to evaluate critical job parameters and make instant decisions to improve treatment … Read more
VANCOUVER — British Columbia’s top court has ruled the province cannot restrict oil shipments through its borders in a decision that marks a win for the Trans Mountain pipeline expansion and Alberta’s efforts to get its resources to overseas markets.
…
OTTAWA — The notion of a pan-Canadian corridor dedicated to rail, power lines and pipelines has been around for at least half a century but it looks like it’s about to get a big publicity boost.
Last week, Conservative Leader Andrew Scheer used a majo…
May 23, 2019, by Kevin Orland (Bloomberg) Alberta’s new United Conservative Party government introduced a bill to repeal the oil-rich province’s carbon tax, setting up a legal showdown with Prime Minister Justin Trudeau over a cornerstone of his environmental policy. The first bill introduced in the Alberta legislature under Premier Jason Kenney, who was sworn … Read more
May 23, 2019 Globe Newswire CALGARY, Alberta, May 23, 2019 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report that the board of directors (the “Board”) of Pipestone Energy have approved a long term incentive plan for the Company (the “LTIP”) allowing for the issuance of stock options (“Options”) … Read more
VANCOUVER — A British Columbia court is set to rule Friday whether the province can restrict shipments of diluted bitumen through its borders, in what will be a crucial decision for the future of the Trans Mountain pipeline expansion.
The province fil…
TORONTO — Canada’s main stock index suffered its worst day of the year on Thursday as trade uncertainty and a big drop in oil prices weighed heavily on the energy sector.
The S&P/TSX composite index closed down 162.74 points to 16,164.61, its lowest l…
CALGARY — Western Canada’s Montney oil and gas region would be two to four times more productive if it was in the United States with its more efficient regulatory systems, says the CEO of Encana Corp.
The enormous hydrocarbon-bearing formation that un…
Bill Gates on the practical realities of transitioning to a zero or low carbon economy…
CALGARY — Shell Canada says the Quest carbon capture and storage project north of Edmonton has reached the milestone of four million tonnes of stored carbon dioxide, equivalent to the annual emissions of about one million cars.
It says the accomplishm…
May 23, 2019 by Lorcan Roche Kelly (Bloomberg) Full-blown trade war becomes baseline scenario, it’s PMI day, and May hangs by a thread. Here are some of the things people in markets are talking about today. Not going well The breakdown in Sino-U.S. talks and the latest targeting of Chinese companies by the White House has economists at investment … Read more
May 23, 2019 by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil in New York fell below $60 a barrel for the first time since March after a surprise jump in American crude inventories alleviated concerns over a supply crunch, while fears of a full-blown trade war between the U.S. and China weighed on the outlook … Read more
May 22, 2019 | Source: Gran Tierra Energy Inc. CALGARY, Alberta, May 22, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce that the Company has officially signed Participation Contracts (“Contracts”) for three blocks located in Ecuador. The three blocks were preliminarily awarded to the Company in March 2019 by the … Read more
May 22, 2019 The Canadian Press VANCOUVER – An Indigenous protester opposed to the Trans Mountain pipeline expansion interrupted a speech by Prime Minister Justin Trudeau at a Liberal fundraiser on Wednesday. Will George of the Tsleil-Waututh Nation in North Vancouver stood up and called Trudeau a liar and a weak leader. “Climate leaders don’t build … Read more
May 22, 2019, by Naureen S. Malik (Bloomberg) Saudi Aramco’s deal to buy a stake in a U.S. gas export project is a sign the kingdom may be willing to support crude production cuts for longer as it seeks to reduce economic reliance on oil, according to Brookfield Asset Management Inc. The state-owned company announced … Read more
May 22, 2019, by Olga Tanas (Bloomberg) The OPEC+ pact is hurting the Russian economy, potentially giving President Vladimir Putin a reason not to agree on an extension of the deal. While higher crude prices can bring the Kremlin additional revenue, production cuts are weighing on one of the country’s biggest industries. As the Russian … Read more
FRAC SHACK ANNOUNCES FCPA AWARD FOR CHAIRMAN ACHESON, Alberta, May 22, 2019—Frac Shack Inc. (“Frac Shack”) announced today that Michael Ross, the Chairman of the Board, has received a CPA Alberta Achievement Award in the category of Fellows of Chartered Professional Accountants (FCPA). The FCPA award is granted to those members who have rendered exceptional … Read more
by Koleya Karringten In my 14 years as an entrepreneur in Alberta’s technology sector, I’ve witnessed firsthand the powerful potential our province has to be a global leader – not only in technological innovation, but in the adoption and commercialization of new and emerging technologies. Of the incredible tech I’ve seen developed in Alberta over … Read more
CALGARY, Alberta (Reuters) – Canada’s main crude-producing province Alberta introduced a bill to repeal the provincial carbon tax on Wednesday, setting up a legal tussle between Premier Jason Kenney’s United Conservative Party and Justin Trudeau’s Liberal government in Ottawa. Premier Kenney and his party swept to power in Alberta last month on a platform that … Read more
EDMONTON — Premier Jason Kenney put forward a bill Wednesday to kill the Alberta carbon tax — and he put Ottawa politicians on notice that if they try to backstop it with their own levy, he’ll see them in court.
“Promise made. Promise kept,” Kenney to…
VANCOUVER — An Indigenous protester opposed to the Trans Mountain pipeline expansion interrupted a speech by Prime Minister Justin Trudeau at a Liberal fundraiser on Wednesday.
Will George of the Tsleil-Waututh Nation in North Vancouver stood up and c…
Edge Liability Risk Management (“Edge”) was founded in 2016 on one basic principle – how to incentivize oil and gas operators to do more abandonments and reclamations. This was the question that CEO and co-founder, Lex Ewen, asked himself while involved with his first company Entrack Consulting Ltd (“Entrack”). Lex co-founded Entrack, a firm that … Read more
May 22, 2019 PR Newswire CALGARY, May 22, 2019 /PRNewswire/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) is pleased to announce an operational update on successful production results from Pulse’s Queenstown assets located in Southern Alberta. Queenstown Results Exceed Expectations As part of Pulse’s light-oil drilling campaign these first two Queenstown wells targeted Pulse’s newly defined 3-D seismic lithic … Read more
8 am MST: Hear a panel discussion moderated by Geoffrey Cann Featuring: Chris Leonard (Director of Strategy & Digital Transformation Plains Midstream) Mark Sombach,(Digital Innovation Specialist/Group Lead Cenovus) Miryah Scott VizworX, Account Executive, Dan Giurescu Visionary. Strategizer. Idea Accelerator. Serial Entrepreneur. Terra Hub Join the presentation here http://www.industryconnect.ca/en/registration 9 am MST: Hear Greg Bollella, … Read more
May 21, 2019 by David Stringer (Bloomberg) BHP Group, the world’s biggest miner, sees the outlook for thermal coal as challenged and won’t add production as it prioritizes growth in commodities tied to the shift to renewable energy and electric transport. There’s the prospect that the material will be “phased out, potentially sooner than expected,” … Read more
May 22, 2019 by Lorcan Roche Kelly (Bloomberg) Trump looks to extend China blacklist, Theresa May’s days as Prime Minister seem to be numbered, and Fed minutes due. Here are some of the things people in markets are talking about today. More tech bans The White House is considering adding five Chinese companies involved in the … Read more
May 21, 2019 by Rachel Adams-Heard and Ari Natter (Bloomberg) Oil pipeline protesters who interrupt operations or damage equipment could face up to 10 years in prison under legislation approved by Texas lawmakers. Under a bill approved by both chambers of the state legislature, protesters found guilty of halting service or delaying construction of an … Read more
May 22, 2019 by Tsuyoshi Inajima (Bloomberg) Oil headed for its biggest drop in two weeks as signs the worsening U.S.-China trade war will take a toll on global economic growth overshadowed the prospect of OPEC and its allies extending production curbs. Futures in New York fell as much as 1.1% after Federal Reserve Bank … Read more
LIVE TODAY DAY 2! Virtually join us at the Energy Connect Virtual Conference & Expo to see our many speakers and exhibitors, all sharing their expertise on the digital transformation of Oil and Gas. |IIoT, Automation, Blockchain, & More| AGENDA: REGISTER TO ATTEND HERE Panel Discussion (8:00 AM MST) Moderated by Geoffrey Cann (Discussion – … Read more
As Osprey continues to grow, we have made many key staff additions in recent months, including adding to our Account Management team. We want to introduce you to our new Account Executives, Jay Sorensen, Calgary and Joey Fuda, Houston who will be your new main contact with us. Please feel free to reach out to … Read more
By David Yager Of all the stakeholders directly affected by the emergence of climate change as the menace to the future of the world, the prize for figuring out the root of the problem dead last goes to Alberta’s oil and gas industry. All the “fossils” in fossil fuels are clearly not dead plants and … Read more
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 to receive our Wednesday Word to the Wise in your inbox, subscribe here. This week let’s take a look at expiring lands. According to AssetBook … Read more
May 21, 2019, by John Harney and Mark Niquette (Bloomberg) President Donald Trump told Democratic congressional leaders on the eve of a White House meeting to discuss restoring the nation’s infrastructure that he first wanted them to pass his replacement for the North American Free Trade Agreement. “Before we get to infrastructure, it is my … Read more
JACKSON, Wyoming May 21 (Thomson Reuters Foundation) – A U.S. oil producer is teaming up with a company working to grab planet-warming carbon dioxide (CO2) straight from the air in a bid to extract more oil from the ground in a greener way, the companies said on Tuesday. Occidental Petroleum is partnering with Canada-based Carbon … Read more
May 21, 2019, by Esteban Duarte (Bloomberg) Royal Bank of Canada may make loans to oil and gas companies seeking to reduce their environmental impact under its recently created green bond program. The country’s largest bank isn’t excluding fuel companies, said Lindsay Patrick, RBC’s head of sustainable financing. The loans to oil and gas firms … Read more
May 21, 2019, by Kevin Orland (Bloomberg) Heavy Canadian crude’s discount to the U.S. benchmark blend expanded to the widest this year as Alberta increases output limits and oil-sands producers forge ahead with new projects. Western Canadian Select traded at $15.75 less per barrel than West Texas Intermediate on Tuesday, the widest discount since Dec. … Read more
May 21, 2019 by Kelly Gilblom (Bloomberg) BP Plc lined the road leading to its annual shareholder gathering in Scotland’s oil capital with hoardings touting investments in renewable energy. Inside the meeting, there was a fierce debate on whether the energy major was telling the truth. On Tuesday, investors large and small grilled BP’s Chairman … Read more
May 21, 2019 by Kevin Orland (Bloomberg) Heavy Canadian crude’s discount to the U.S. benchmark blend expanded to the widest this year as Alberta increases output limits and oil-sands producers forge ahead with new projects. Western Canadian Select traded at $15.75 less per barrel than West Texas Intermediate on Tuesday, the widest discount since Dec. … Read more
VICTORIA — British Columbia’s independent energy regulator will have the power to call oil company representatives as witnesses into an investigation of high gasoline prices in the province.
Premier John Horgan has tasked the B.C. Utilities Commission…
EDMONTON — On the eve of Alberta’s carbon tax heading to the chopping block, the province’s environment minister says green projects currently being funded by the levy will go ahead.
But Jason Nixon says once the Carbon Tax Repeal Act is passed and im…
May 21, 2019 CNW CALGARY, May 21, 2019 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces that following the annual review of its credit facilities, Bonterra management and Board of Directors have determined, along with the bank syndicate, that amending the credit facilities will better reflect the Company’s current operating needs and … Read more
May 21, 2019 EDMONTON – Alberta Premier Jason Kenney’s government heads to the legislature this week to make noise with an ambitious legislative agenda while trying to keep a hush on daily affairs. Kenney has promised what he calls a “spring of renewal” in the first sitting since his United Conservatives beat Rachel Notley’s NDP … Read more
May 21, 2019| Source: Prairie Provident Resources Inc. CALGARY, Alberta, May 21, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) confirms that the Company has entered into an agreement securing an exclusive option to acquire up to 21 additional sections of land in the Princess area by year-end. The Company’s … Read more
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS May 21, 2019 | Source: Questerre Energy Corporation CALGARY, Alberta, May 21, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it has … Read more
May 20, 2019 | Source: Gran Tierra Energy Inc. CALGARY, Alberta, May 20, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that it has priced its offering of $300 million aggregate principal amount of 7.750% Senior Notes due 2027 (the “Notes”) in a private placement to qualified institutional buyers in the … Read more
May 21, 2019 by Lorcan Roche Kelly (Bloomberg) China warns of “necessary response” to Huawei blacklisting, Trump’s battle with Congress heats up, and Tesla bears circle. Here are some of the things people in markets are talking about today. Striking back Chinese officials continue to warn that the country will retaliate to the U.S. blacklisting of … Read more
May 21, 2019 by Alex Longley (Bloomberg) Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint War Committee of London’s Lloyd’s Market Association said Friday that it would expand its so-called ‘listed areas’ — those regions that pose the greatest risks for shipping, and … Read more
May 21, 2019 by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil rose on signs OPEC and its allies will extend production cuts beyond June, while a steadily deteriorating U.S.-China trade relationship kept prices from pushing higher. Futures increased 0.7% in New York after closing up 0.5% on Monday. Saudi Energy Minister Khalid Al-Falih urged the … Read more
EDMONTON — Environmental groups targeted by Alberta Premier Jason Kenney are shrugging off the new government’s promised $30-million “war room” to fight criticisms of the province’s energy industry.
“The war room makes for good theatre, but the people…
Trend forecasts for the construction industry have been predominantly tech-focused for several years, and 2019 is no exception. Notable innovations include a drywall-installing robot, autonomous earthmoving equipment and a strength-enhancing human exoskeleton. As well, some trends are more geared toward European construction practices such as automated brick-laying machines and magnetic high-speed rail technology. While these technological achievements are undeniably … Read more
DOWNLOAD PDF – A New Government in Alberta: What it means for businesses and investors A new provincial government was elected in Alberta on April 16, 2019. The United Conservative Party (UCP) won a strong majority led by Jason Kenney, Alberta’s new Premier. The UCP has declared Alberta as open for business. Members of Bennett … Read more
LIVE TODAY! Virtually join us at the Energy Connect Virtual Conference & Expo to see our many speakers and exhibitors, all sharing their expertise on the digital transformation of Oil and Gas. |IIoT, Automation, Blockchain, & More| AGENDA: REGISTER TO ATTEND HERE Panel Discussion (8:00 AM MST) Moderated by Geoffrey Cann (Discussion – The Digitalization … Read more
May 20, 2019, by Jennifer A. Dlouhy and Ari Natter (Bloomberg) Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their products. Oil companies BP Plc and Royal Dutch Shell Plc are giving $1 million each … Read more
United Conservative Leader Jason Kenney, pictured at a Mar. 26, 2019 campaign event in Edmonton, holds a copy of the letter he sent to Toronto Mayor John Tory over a motion to sue oil and gas companies. More from Rick Bell He got it through. We thought it was dead but he got the damn … Read more
May 20, 2019 – EnergyNow Contributor Deidra Garyk The Standing Senate Committee on Transport and Communications recommended not to proceed with Bill C-48 on Wednesday, May 15, 2019. The Bill now goes to the full Senate who will decide if they accept that recommendation. You have one more opportunity to influence how the Senate votes … Read more
A Senate committee has spurned Bill C-48, which would bar tanker traffic from British Columbia’s north coast. For perspective on this and why he thinks the bill in its original form would exacerbate national unity issue, BNN Bloomberg spoke with former Saskatchewan premier Brad Wall. https://www.bnnbloomberg.ca/the-real-economy/passing-bill-c-48-would-only-exacerbate-unity-issues-brad-wall~1685347
JEDDAH, Saudi Arabia (Reuters) – Venezuelan Oil Minister Manuel Quevedo said on Sunday his country’s economy and oil industry was under economic and financial siege by the U.S. government. “This therefore generates disturbances in the flow of oil supply to the world market as well as serious economic damage and suffering to the Venezuelan people,” … Read more
May 18, 2019, by Grant Smith, Salma El Wardany and Dina Khrennikova (Bloomberg) Efforts by OPEC and its allies to balance the global supply and demand of oil aren’t complete because crude inventories continue to rise, according to United Arab Emirates Oil Minister Suhail Mohammed Al Mazrouei. “The job is not complete,” Al Mazrouei told … Read more
WASHINGTON (Reuters) – The United States has reached a deal with Mexico and Canada to sell products without tariffs, U.S. President Donald Trump said on Friday. “We’ve just reached an agreement with Canada and Mexico and we’ll be selling our product into those countries without the imposition of tariffs or major tariffs,” Trump told a … Read more
Digital Exclusive: Dr. Patrick Moore TEARS APART The Green New Deal Dr. Patrick Moore – Confessions of a Greenpeace dropout. Dr. Moore, co-founder of Greenpeace, discusses climate change and why he left Greenpeace. Simple science made him a Greenpeace dropout. He says “He did not leave Greenpeace, Greenpeace left him”
May 17, 2019 Globe Newswire CALGARY, Alberta, May 16, 2019 (GLOBE NEWSWIRE) — Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture: TVL) presents financial and operating results for the three months ended March 31, 2019. Three Months Ended Highlights (unaudited) March 31, 2019 December 31, 2018 March 31, 2018 Financial ($ thousands, except per share amounts) … Read more
LOS ANGELES — A blowout at a Los Angeles natural gas well in 2015 that led to the largest-known release of methane in U.S. history was the result of a corroded pipe casing and safety failures by a utility, according to an investigation report released…
May 17, 2019 CNW CALGARY, May 17, 2019 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce it has signed a purchase and sale agreement (the “Agreement“) to sell its 55% working interest in the Peace River Oil Partnership (“PROP“) for total consideration of approximately $97 … Read more
May 17, 2019 Reuters Oil prices slipped on Friday, but both benchmarks posted a weekly gain on rising concerns over further Middle East supply disruptions due to U.S.-Iran political tensions. A deputy head of Iran’s elite Revolutionary Guards said on Friday Iran could “easily” hit U.S. warships in the Gulf, the latest in days of … Read more
Canada’s drilling rig count unchanged according to data collected by Baker Hughes for the week ending May 17, 2019. From one week ago, Alberta rig counts increased 1 to 43 and the Saskatchewan rig count decreased 1 to 1. Both oil and gas drilling stayed the same as last week, 22 and 41 respectively. … Read more
May 17 (Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for the second week in a row, with the rig count at its lowest since March 2018, as some drillers follow through on plans to cut spending. Despite those cuts, production in the nation’s biggest shale formations was expected … Read more
In B.C., where costs are the highest in North America, seven-in-ten support a cap on maximum gas prices May 17, 2019 – As the price of gasoline begins its high summer season, painful increases at the pump are causing some road warriors enough heartburn to rethink trips to cottage country this Victoria Day long weekend. … Read more
TORONTO, May 16, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual Meeting held May 14, 2019 in Toronto, Ontario. A total of 62,339,696 common shares were voted at the meeting representing 88.88% of the votes attached to all outstanding shares. … Read more
CALGARY, Alberta, May 16, 2019 (GLOBE NEWSWIRE) — (TSX – CJ) Cardinal Energy Ltd. (“Cardinal” or the “Company“) reports that the nominees listed in its Information Circular – Proxy Statement for the 2019 Annual and Special Meeting of Shareholders were elected as directors. Detailed results of the vote for the election of directors held earlier … Read more
SINGAPORE (Reuters) – Asian spot prices for liquefied natural gas (LNG) fell to a three-week low this week as cargoes were offered against little buying interest despite the approach of summer, when warmer weather typically boosts power generation demand. Spot prices for July delivery to Northeast Asia slipped to $5.35 per million British thermal units … Read more
May 16, 2019, by Julian Lee (Bloomberg) The International Energy Agency is the only one of the three major oil forecasting organisations that sees global inventories increasing in 2019. The latest outlooks from the U.S. Energy Information Administration and the Organisation of Petroleum Exporting Countries both show worldwide oil stockpiles falling this year, assuming that total … Read more
May 17, 2019, by Sharon Cho and Grant Smith (Bloomberg) Brent oil headed for its biggest weekly gain since mid-February as OPEC and its allies gather this weekend to consider output policy and political tensions in the Persian Gulf escalate. Futures have added 3.5% in London this week. Saudi Arabia, Russia and other major producers … Read more
May 17, 2019, by Lorcan Roche Kelly (Bloomberg) Not interested Chinese state media signaled that the country has little interest in resuming trade talks with the U.S. as long as authorities in Washington continue to threaten more tariffs. This means that the next opportunity for both sides to come together will be a meeting between … Read more
May 16, 2019, by Robert Tuttle and Kevin Orland (Bloomberg) Canada’s great oil crash of 2018 could be set for a 2019 rerun. Oil-sands producers including Canadian Natural Resources Ltd. and Imperial Oil Ltd. are pushing ahead with expansions in the face of record inventories. Pipeline bottlenecks are poised to persist into next year after … Read more
OTTAWA — A Senate committee has approved dozens of amendments — primarily aimed at mollifying the energy industry — to the Liberal government’s controversial environmental assessment legislation.
Bill C-69 is supposed to improve the way the environmen…
CALGARY — The southern Alberta city of Medicine Hat is pulling the plug on a $13-million concentrated solar power facility after operating it for about five years.
The project’s goal was to test whether the technology was a feasible way to employ the …
May 16, 2019 Reuters Canada’s Conservative Party leader Andrew Scheer on Thursday said if he is elected in the October national election he will rein in spending, build oil pipelines and put the country on a path to energy independence by 2030.In a 14-page speech delivered in Toronto, Canada’s financial capital, Scheer attacked Liberal Prime … Read more
CALGARY — Alberta Premier Jason Kenney is calling for a full-court press to kill Ottawa’s proposed B.C. coast tanker ban now that it has been defeated in a Senate committee.
Kenney says he hopes the full Senate will follow the lead of its transportati…
BISMARCK, N.D. — Attorneys for oil pipeline opponents are fighting a South Dakota sheriff’s attempt to be dismissed as a defendant in a lawsuit challenging new state laws that aim to prevent disruptive demonstrations against the Keystone XL pipeline.
…
May 16, 2019 EDMONTON, AB: The Canadian Taxpayers Federation is calling out the federal government for forcing some provinces to pay a more punitive carbon tax. Under the federal government’s carbon tax, Newfoundland and Labrador, Nova Scotia, Prince Edward Island and Quebec all receive better deals than other Canadian provinces. The CTF is providing the … Read more
OTTAWA — Conservative Leader Andrew Scheer pledged Thursday to pursue a coast-to-coast energy corridor, achieve Canadian oil independence within a decade and adjust mortgage rules with the aim of making home-buying more affordable.
With the federal el…
May 15, 2019 by Theophilos Argitis (Bloomberg) Annual inflation accelerated in Canada for a third consecutive month as gasoline costs continue to escalate, in part due to new taxes on energy. Annual consumer price inflation rose to 2.0% in April, Statistics Canada said Wednesday in Ottawa, up from 1.9% a month earlier. Inflation is now exactly at … Read more
CALGARY—The federal government’s deficit in 2017 would have reached a staggering $39 billion—instead of the $19 billion actually recorded—if not for the disproportionate net revenue contributions from Alberta, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Canadians are aware of Ottawa’s recent large deficits, but it’s … Read more
May 15, 2019 | Source: NXT Energy Solutions Inc. CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) today announced the Company’s financial and operating results for the quarter ended March 31, 2019. All dollar amounts herein are in Canadian Dollars. Q1 Financial and Operating Highlights Key … Read more
May 16, 2019, by David Stringer, Ma Jie and Jinshan Hong (Bloomberg) Electric vehicles may be less prone to catch fire than gas guzzlers, but recent blazes involving Tesla Inc. and NIO Inc. cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers in the sector’s biggest market. … Read more
May 16, 2019, by Grant Smith (Bloomberg) When OPEC and its allies gather in the Saudi Arabian city of Jeddah this weekend, their conversation will be dominated by a member of the group that isn’t there: Iran. As U.S. President Donald Trump squeezes oil exports from the Islamic Republic with sanctions, the discussions among other … Read more
May 16, 2019, by Sharon Cho and Grant Smith (Bloomberg) Oil climbed for a third day — the longest run of gains in three weeks — as falling U.S. gasoline stockpiles supported the demand outlook and simmering tensions in the Middle East kept investors on edge. Futures in New York rose as much as 1.1% … Read more
May 15, 2019, by Sheela Tobben (Bloomberg) U.S. crude is reaching new destinations around the world after Chinese buying slowed amid concern that the growing trade dispute between the countries could result in a tax on American oil. America shipped 470.2 million barrels to 38 countries from October through March, compared with 359.3 million to … Read more
May 15, 2019 Globe Newswire CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix”, “we”, “us”, “our” or the “Company”) (TSX: BXE) announces its financial and operating results for the three months ended March 31, 2019. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters … Read more
May 16, 2019, by Lorcan Roche Kelly (Bloomberg) His way or the Huawei In an escalation of the standoff with China, President Donald Trump moved to curb Huawei Technologies Co.’s access to the U.S. market and American suppliers. This would not only cut the company off from the U.S. market but also stop it buying essential … Read more
May 15, 20194:37 PM Globe Newswire CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO) (OTCQX:GXOCF) is pleased to announce that the annual borrowing base redetermination of its credit facility has been completed. The Company has renewed the existing credit facility at the same level of $50 million, consisting … Read more
May 15, 2019 CALGARY – Shares in Keyera Corp. rose by as much as nine per cent after it announced it will proceed with a long-anticipated $1.3-billion pipeline to bring natural gas liquids from northwestern Alberta to market. The Key Access Pipeline System is designed to collect condensate and other petroleum liquids produced with natural … Read more
CALGARY — Shares in Keyera Corp. rose by as much as nine per cent after it announced it will proceed with a long-anticipated $1.3-billion pipeline to bring natural gas liquids from northwestern Alberta to market.
The Key Access Pipeline System is desi…
OTTAWA — A federal ban on tanker traffic off British Columbia’s north coast has been defeated in a Senate committee.
On a 6-6 vote, the Senate’s transportation and communications committee rejected Bill C-48 Wednesday night.
The committee’s five Conse…
Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2019 May 15, 20197:42 AM Globe Newswire CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) — Storm Resources Ltd. (TSX:SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at … Read more
May 15, 2019 CNW CALGARY, May 15, 2019 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (SOU: TSXV) is pleased to announce that it has closed the sale of its oil and natural gas assets in Alberta for approximately $0.64 million (the “Disposition“). “We are happy to have completed the sale of our Canadian … Read more
Email Print Friendly Share May 15, 2019 07:01 ET | Source: Pipestone Energy Corp. photo-release 2019 CAPITAL PROGRAM AND OPERATIONS UPDATE Revised Pipestone Energy 5 Quarter Capital Program Overview (Q4 2018 – Q4 2019) Pipestone Energy Corp. CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q1 … Read more
May 15, 2019 | Source: ClearStream Energy Services Inc. CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”, TSX: CSM and CSM.DB.A) today announced its results for the three months ended March 31, 2019. “EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the “Non-IFRS … Read more
CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q1 2019 financial and operational results and provide a progress report on its 2019 development program. The Company has filed its unaudited financial statements and related management’s discussion and analysis (“MD&A”) … Read more
May 14, 2019 Reuters Canadian heavy and synthetic crude oil differentials weakened versus U.S. benchmark futures on Tuesday as market players waited for news on whether the Alberta government will adjust oil production curtailments. Western Canada Select (WCS) heavy blend crude for June delivery in Hardisty, Alberta, last traded at $14.20 per barrel below West … Read more
May 15, 2019, by Grant Smith (Bloomberg) Global oil demand will grow more slowly than previously thought following an economic lull in Asia, the International Energy Agency said, while warning that supplies stand to tighten due to U.S. sanctions on Iran. Disappointing fuel consumption in China, Japan and Brazil meant 2019 started with a “tough … Read more
May 15, 2019, by Sharon Cho and Amanda Jordan (Bloomberg) Oil fell as an industry report signaling a jump in U.S. stockpiles eased concerns over a supply crunch, even after a drone attack in Saudi Arabia highlighted the vulnerability of the country’s energy infrastructure. Futures in New York declined 0.7% after closing up 1.2% on … Read more
May 14, 2019, by Sheela Tobben (Bloomberg) Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter and less sulfurous crude bubbling … Read more
May 15, 2019, by Lorcan Roche Kelly (Bloomberg) Losing steam Data published overnight showed that China’s growth eased in April, with industrial output, retail sales and investment all slowing more than economists had forecast. With the ruling Communist Party’s promise to double the size of the nation’s economy between 2010 and 2020 already under pressure from U.S. tariffs, investors … Read more
A lot of oil and gas activity takes place away from the closest Starbucks, so if you’re new to driving back country roads, you may be unsure about driving radio-assisted logging roads, or how to read Must Call signs. Roadways need a variety of signs, including km markers, directional, traffic, speed and radio controlled signs. … Read more
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 to receive our Wednesday Word to the Wise delivered directly to your inbox, subscribe here. For our Word to the Wise this week, we’ve done … Read more
Get a complimentary visitor pass from our media partners! We are grateful for our media partners and for you! We’re happy to give you a complimentary visitor pass for you to come check out the Show! As Albertans gear up for an economic comeback under new provincial leadership, over 50,000 local and global key leaders of the oil … Read more
Written by Michael P. Theroux and Laura M. Gill On May 3, 2019, the Saskatchewan Court of Appeal (SKCA) released its lengthy decision in Reference re Greenhouse Gas Pollution Pricing Act, 2019 SKCA 40. This much-anticipated decision represents the first judicial consideration of whether Canada’s federal carbon tax regime is constitutionally compliant. The outcome was … Read more
By shedding its reputation for caution, the Canadian oil & gas industry aims to compete with American competitors that have gone all in on innovation. “Compared to other industries, oil and gas companies are faced with a unique set of problems when it comes to reducing costs and increasing margins and improving their field service … Read more
LONDON (Reuters) – OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a tighter market if the exporter group refrains from raising output. But the Organization of the Petroleum Exporting Countries, in a monthly report, … Read more
May 15, 2019, by Robert Tuttle (Bloomberg) Canadian crude prices fell Tuesday as storage tanks topped out amid refinery maintenance in the U.S. Midwest. Heavy Western Canadian Select, an oil sands benchmark, fell to the biggest discount against West Texas Intermediate futures since Feb. 19, data compiled by Bloomberg show. Edmonton Mixed Sweet, a light … Read more
CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) – Canadian oil producers are raking in the highest revenues in five years thanks to strong global oil prices and Alberta’s production cuts, but government intervention has hamstrung their spending abilities, encouraging many to buy back shares and pay down debt. Canada’s main crude-producing province effectively became a mini-OPEC this year … Read more
May 14, 2019, by Rachel Adams-Heard (Bloomberg) A ride through the Permian Basin’s little-drilled southwest corner looks a bit like the rest of the shale patch. Mesquite dots the dry landscape, and bumpy oilfield roads link well sites to the main highways. But there are a couple of big differences: The drilling rights to about … Read more
May 14, 2019, Reuters Woodfibre LNG is set to become the second liquefied natural gas export project in the country Woodfibre LNG Ltd said Tuesday it plans to move forward with construction of its proposed C$1.4-C$1.8 billion liquefied natural gas export terminal in British Columbia later this year with the facility expected to be operational by … Read more
May 14, 2019 CNW CALGARY, May 14, 2019 /CNW/ – Canada’s vast gasoline production and transportation infrastructure ensures flexible and reliable supply for Canadians but unique market conditions in each region drive prices at the pump, according to a new report released by the National Energy Board (NEB). The report titled Where does Canada’s gasoline come from?, explains the journey a barrel of … Read more
May 14, 2019 CNW CALGARY, May 14, 2019 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced its 2019 first quarter financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera’s website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera’s website or Keyera’s … Read more
May 14, 2019 CNW CALGARY, May 14, 2019 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) is pleased to announce it is proceeding with the development of the Key Access Pipeline System (“KAPS”), a natural gas liquids (“NGL”) and condensate pipeline system that will transport growing Montney and Duvernay production in northwestern Alberta to Fort Saskatchewan. Keyera has partnered with SemCAMS Midstream ULC, owned jointly by SemGroup … Read more
May 14, 2019 Globe Newswire CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) — Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) is pleased to announce its financial and operating results for the three months ended March 31, 2019. The unaudited interim condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) are available at www.sedar.com and … Read more
May 14, 2019 Globe Newswire CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOL: ZAR). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED MARCH 31, 2019) On January 11, 2019, Zargon announced the completion of a transaction to settle its $41.94 million principal amount of outstanding 8% … Read more
May 14, 2019 Globe Newswire CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX: TEI) announces financial and operating results for the first quarter ended March 31, 2019. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and … Read more
Calgary, Alberta–(Newsfile Corp. – May 14, 2019) – Leucrotta Exploration Inc. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce that it has entered into an agreement to acquire certain infrastructure including a battery, compression, water injection and pipelines in the Two Rivers area of British Columbia that are in the immediate vicinity of Leucrotta’s previously … Read more
May 14, 2019, by Grant Smith (Bloomberg) Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by sabotage over the weekend. Futures rose 1.2% in New York, reversing Monday’s drop. Unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the … Read more
May 14, 2019, by Anthony DiPaola and Dana Khraiche (Bloomberg) Saudi Arabia halted its main cross-country oil pipeline after a drone attack damaged pumping stations along the link, a strike claimed by Iran-backed rebels in neighboring Yemeni. Oil prices rose. Saudi Aramco, the world’s biggest oil exporter, said that supplies of crude and products continued … Read more
May 14, 2019, by Lorcan Roche Kelly (Bloomberg) “I have a feeling” President Donald Trump said that he feels talks with China “are going to be very successful” as he confirmed he will meet President Xi Jingping at next month’s G-20 summit. His comments came after the U.S. Trade Representative’s office released the list of $300 … Read more
NEW YORK (Reuters) – U.S. oil output from seven major shale formations is expected to rise by about 83,000 barrels per day (bpd) in June to a fresh peak of about 8.49 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday. One of the largest changes is forecast … Read more
At Energy Connect, we believe that information is freedom! That is why we are dedicated to creating the most accessible oil and gas events in Canada and across the globe. Our events are held online and are free to attend. To attend simply pre-register and join us from your computer, tablet, or phone. Free Registration, … Read more
* Upstream oil and gas spending rises * Offsets slowing energy efficiency and renewables investment * China still largest energy investment market By Nina Chestney LONDON, May 14 (Reuters) – Global energy investment steadied at nearly $1.85 trillion last year after three years of decline, with slowing energy efficiency and renewables spending offset by increases … Read more
LONDON (Reuters) – Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings in the event of unplanned outages, analysts say. Spare capacity is the extra oil a producing country … Read more
May 13, 2019 Reuters (Reuters) – Oilfield services provider Weatherford International Plc, burdened by a heavy debt load and years of losses, said on Friday it would file for Chapter 11 bankruptcy protection. The company, which at its peak was valued at more than $50 billion, never recovered from the 2014 oil price collapse. Efforts under … Read more
EDMONTON — Alberta’s premier says the province’s carbon tax will no longer exist as of May 30.
Jason Kenney says a bill to eliminate the Alberta levy is to be introduced next week when the legislature begins sitting.
He says the United Conservative go…
CALGARY — The developer of the proposed Woodfibre LNG project on the West Coast is buying a private Calgary oil and gas producer.
In a joint announcement, Pacific Oil & Gas Ltd. says it has struck a cash deal to buy Canbriam Energy Inc., which produce…
May 13, 2019 | Source: Delphi Energy Corporation Delphi Energy Corp Pad Map Delphi Energy Corp Pad Map Delphi Energy Corporation CALGARY, Alberta, May 13, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to provide a production update on its first four-well Montney pad at West Bigstone. Over the past two weeks, the Company has … Read more
HALIFAX, Nova Scotia, May 13, 2019 (GLOBE NEWSWIRE) — Corridor Resources Inc. (“Corridor”) announced today its first quarter financial results for 2019. The following table provides a summary of Corridor’s financial and operating results for the three months ended March 31, 2019, with comparisons to the three months ended March 31, 2018. Corridor’s unaudited financial … Read more
May 13, 20193:00 PM PR Newswire CALGARY, May 13, 2019 /PRNewswire/ – Canbriam Energy Inc. (“Canbriam”) and Pacific Oil and Gas Ltd. (“PO&G”) today jointly announce the signing of definitive documents for the acquisition by PO&G of all of the issued and outstanding shares of Canbriam for cash consideration (the “Transaction”). Canbriam’s Board of Directors has provided unanimous approval … Read more
OTTAWA — Environment advocates say Canadian senators are bowing to pressure from the energy industry to gut the government’s environmental-assessment legislation.
More than 130 amendments are on the table at a Senate committee that could dramatically …
CALGARY — Drilling firm Ensign Energy Services Inc. is reporting a 72 per cent increase in revenue in its first full quarter since buying Trinidad Drilling Ltd. late last year.
The Calgary-based company says revenue came to $445 million in the first t…
FUJAIRAH, United Arab Emirates — Saudi Arabia said Monday two of its oil tankers were targeted in “sabotage operations” off the coast of the United Arab Emirates in attacks the previous day that caused “significant damage” to the vessels, one of them …
May 12, 2019 The Canadian Press IQALUIT, Nunavut – An Inuit land-claim group is asking the federal government to permanently protect large sections of the Eastern Arctic from any industrial development. The request is part of a huge effort to map out how and where oil, gas and mining should go ahead on land and water … Read more
May 12, 2019 The Canadian Press CALGARY – Gasoline prices are expected to remain just below record highs all across Canada this summer except in Vancouver — where a perfect storm of factors will likely ensure motorists continue to set new all-time records at the pumps. Fuel market analysts say average retail prices in Canada are … Read more
For the three months ended March 31, 2019 May 13, 2019 | Source: TransGlobe Energy Corporation CALGARY, Alberta, May 13, 2019 (GLOBE NEWSWIRE) — AIM & TSX: “TGL” & NASDAQ: “TGA” TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2019. All dollar values … Read more
May 13, 2019, by Sharon Cho and Alex Longley (Bloomberg) Brent crude oil rallied after Saudi Arabia said two of its tankers were attacked on Sunday, adding to the mounting geopolitical risks in the market. Futures in London added as much as 1.9%. Saudi Arabia said two of its oil tankers were affected while sailing … Read more
May 13, 2019, by David R Baker (Bloomberg) The rest of the world is handing out subsidies and incentives to speed up adoption of electric cars. But in nearly half of U.S. states, driving a battery-powered car requires paying additional fees. To date, 24 states have imposed special fees on electric vehicles, according to a … Read more
May 13, 2019, by Lorcan Roche Kelly (Bloomberg) Weekend hangover Whatever hopes existed for a breakthrough on trade between the U.S. and China were dashed over the weekend as both sides seemed to harden their positions. President Donald Trump doubled-down on his claim that Beijing “broke the deal,” while Chinese state media blamed him for the impasse and … Read more
(Reuters) – A United Nations climate change panel updated on Monday guidelines for governments to estimate greenhouse gas emissions so the most up-to-date scientific research is included. Under the 2015 Paris Agreement, governments use common methodologies to measure how many greenhouse emissions they have produced and how many have been removed from the atmosphere. The … Read more
May 13, 2019, by Anthony DiPaola and Abbas Al Lawati (Bloomberg) Saudi Arabia said two of its oil tankers were attacked while sailing toward the Persian Gulf, adding to regional tensions as the U.S. increases pressure on Iran. Crude rose as much as 2%. The tankers were damaged in “a sabotage attack” off the United … Read more
Oil and gas, utility and mining companies often incorporate local Indigenous Monitors on short-term construction jobs, but this work is often temporary with limited opportunity for training and personal career growth for interested individuals within the community. To help build environmental careers in the local Indigenous communities where they work, X-Terra Environmental Services Ltd. is … Read more
Upstream oil and gas companies rely on data to shed light on what can’t be seen. Details about a formation, bit location, flow, composition — producers know just how valuable this information is and what it can contribute to future projects. However, without adding vendor data to the mix, part of the big picture is … Read more
Innovative new series provides up to 700% more unique operating keys than traditional safety padlocks MILWAUKEE, Wis. — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced the launch of a new line of safety padlocks designed specifically to bring advanced key security and key precision to lockout programs. With … Read more
Click here to see the specifications for Mechanical Treater, 8′ x 30′ 75 PSI 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
May 13, 2019, by Kevin Orland (Bloomberg) While the $38 billion takeover of Anadarko Petroleum Corp. has been seen as a potential catalyst for a wave of U.S. oil industry consolidation, the market for energy deals north of the border remains frigid, with few potential sparks seen on the horizon. There have been 14 announced … Read more
OTTAWA — NDP leader Jagmeet Singh says his party will cut Canada’s emissions almost in half over the next decade as he tries to stake out a claim to the climate change agenda in the looming federal election.
The pledge is one contained in an NDP motio…
EDMONTON — Prime Minister Justin Trudeau says Alberta’s opposition to a carbon tax won’t influence his cabinet’s decision on whether to approve the Trans Mountain pipeline expansion.
“Moves that a province may or may not make will have no bearing on t…
CALGARY, Alberta (Reuters) – Enbridge Inc, Canada’s largest pipeline operator, said on Friday there is a risk its Line 3 replacement project could exceed its previous cost estimate of C$9 billion ($6.71 billion) because of delays to permits in the United States. Once complete, Line 3 will carry 760,000 barrels per day of western Canadian … Read more
MAY 10, 2019 – CALGARY, ALBERTA The Canadian Association of Petroleum Producers (CAPP) is encouraged by the creation of a federal task force aimed at combatting foreign interference in Canadian elections. In a letter submitted to the Government of Canada, CAPP formally extends its support to the creation of the Security and Intelligence Threats to Elections Task … Read more
Western Canada’s Largest Oil Patch Networking Stampede Breakfast The 21st Annual BIG GUNS STAMPEDE BREAKFAST Be an Exclusive Sponsor! (Only ONE Spot Left) Each year, all areas of the Energy Industry come to this grand event to celebrate. This year will be no different, only better! We would love for you to join us as … Read more
May 09, 2019 | Source: Strad Energy Services Ltd. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (“U.S.”) The news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For full disclosure of the forward-looking information and statements and the risks to which they are subject, … Read more
May 10, 2019 | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 10, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results … Read more
May 9, 2019 CNW CALGARY, May 9, 2019 /CNW/ – The Kinder Morgan Canada Limited (TSX: KML) board of directors today issued the following statement: Following the Trans Mountain sale, KML announced that it would undertake a strategic review of the company to determine a course of action that maximizes value to all KML shareholders. The options evaluated included, … Read more
May 10, 2019 CNW Revenue of $42.6 million and EBITDA of $6.3 million for first quarter 2019. SHERWOOD PARK, AB, May 10, 2019 /CNW/ – (TSXV:VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the three months ending March 31, 2019, with comparisons to the same period in 2018. The following operational and financial highlights … Read more
May 10, 2019 PR Newswire CALGARY, May 10, 2019 /PRNewswire/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce its financial and operational results for the three months ended March 31, 2019. All figures are in Canadian dollars unless otherwise stated. Michael Faust, Interim President and … Read more
May 10, 2019 CNW CALGARY, May 9, 2019 /CNW/ – (TSX: EGL): Eagle Energy Inc. (“Eagle“) today reports its financial and operating results for the quarter ended March 31, 2019. As a reminder, Eagle’s annual meeting will be held on June 18, 2019 at 9:00 a.m. at Altius Centre, 2nd Floor, 500 – 4 Avenue SW, Calgary for shareholders of record on May 7, 2019. When reflecting on Eagle’s … Read more
VICTORIA — Opposition Liberal Leader Andrew Wilkinson says he wants to be part of a probe of high gasoline prices by British Columbia’s independent energy regulator.
Wilkinson says he’s applied to participate as an intervener in any examination to ide…
(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for the third time in four weeks even as crude production forecasts increase despite some drillers cutting spending. Drillers cut two oil rigs in the week to May 10, bringing the total count down to 805, General Electric Co’s Baker Hughes … Read more
Canada’s drilling rig count up 2 actively drilling rigs according to data collected by Baker Hughes for the week ending May 10, 2019. From one week ago, Alberta rig counts stayed at 42 and the Saskatchewan rig count increased 1 to 2. Oil drilling increased 5 to 22 and gas decreased 3 to 41. … Read more
“But I believe in the work that’s happening here,” she said. “If the oil sands are going to have a future, what I saw today really lends itself well.” – Mayor Lisa Helps Last month, I had the privilege of touring Cenovus’ Foster Creek oil sands project with the Mayor of Victoria, Lisa Helps, my … Read more
We need your help to build that pipeline! Canada Action will be organizing a rally tomorrow, Friday, May 10, 2019 at 11:15 AM in support of Trans Mountain Pipeline. We just found out that Prime Minister Justin Trudeau is in Edmonton tomorrow. Even on short notice, we intend to remind him that delays building pipelines are devastating … Read more
Global Perspectives and Technological Innovation Define 2019 Event Houston, Texas, USA (9 May 2019) – Offshore energy professionals from around the world attended the 2019 Offshore Technology Conference—the 50th anniversary—at NRG Park to gain insights from global experts and colleagues. While speakers challenged ideas about the changing landscape of exploration and production, exhibitors displayed the impact … Read more
May 9, 2019 Globe Newswire CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Harvest Operations Corp. (“Harvest” or the “Company”) announced its financial and operating results for the first quarter ended March 31, 2019. This press release is an overview of the first quarter results for 2019 and should be read with the unaudited condensed interim financial … Read more
May 9, 2019 Globe Newswire Key Milestones Achieved Still in Place CALGARY, Alberta , May 09, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (Pieridae or the Corporation) (TSXV: PEA) In light of the recent share price decline, Pieridae would like to confirm that there have been no material adverse changes in its business. As Pieridae’s management … Read more
Strong Revenue Growth in All Areas, Notably Westport HPDI 2.0™ Sales VANCOUVER, British Columbia, May 09, 2019 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the first quarter ended March 31, 2019 and provided an update on operations. All figures are in U.S. dollars unless otherwise … Read more
/EIN News/ — CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Canadian Utilities Limited (TSX: CU, CU.X) At the Annual Meeting of Share Owners of Canadian Utilities Limited (the “Corporation”) held on May 8, 2019 in Edmonton, Alberta, a resolution was passed by ballot electing each of the following 10 nominees proposed by management as … Read more
May 9, 2019, by Rachel Adams-Heard and Kevin Crowley (Bloomberg) Chevron Corp. is taking its $1 billion breakup fee and walking away from the biggest deal in the oil industry in at least four years. But the supermajor may not be done yet. In an interview Thursday, Chief Executive Officer Mike Wirth said the company … Read more
May 10, 2019, by Saket Sundria and Alex Longley (Bloomberg) Oil pushed higher even after the U.S. went ahead with a planned tariff increase on Chinese goods, as rising tensions in Iran and elsewhere kept the supply outlook tight. Futures in New York erased a gain shortly after the increase in levies but then climbed … Read more
May 10, 2019, by Lorcan Roche Kelly (Bloomberg) Following through As promised, President Donald Trump boosted tariffs on $200 billion of Chinese imports to 25% overnight as the White House seeks to extract trade concessions in the current round of talks in Washington. Observers of those negotiations, which continue today, said that they are not … Read more
CALGARY — Enbridge Inc. topped expectations as it reported a first-quarter profit of $1.89 billion.
The pipeline company says the profit amounted to 94 cents per share for the quarter ended March 31.
The result was up from $445 million or 26 cents per…
CALGARY, Alberta (Reuters) – Canadian Natural Resources Ltd said on Thursday it is against proposed changes to shipping agreements on Enbridge Inc’s Mainline pipeline system because it does not want to be “held hostage” to one delivery point for its crude. The Enbridge Mainline system delivers 2.85 million barrels of crude per day from western … Read more
May 9, 2019, by Josh Wingrove (Bloomberg) Scientists agree coal is choking the planet—so why is it so hard for governments to ditch? This is the last in a three-part series. Read parts one and two. Set against lush hills, deep inlets and snow-kissed mountain peaks, Vancouver is the wellspring of Canadian environmentalism—and the heart of … Read more
As former First Nations chiefs in B.C., Alberta and Saskatchewan, we feel we have spent much of our careers managing issues related to Indigenous poverty. So it will come as no surprise that we feel strongly that it’s time that we, as First Nations, turn our focus and attention to fostering our economic independence through … Read more
XI Technologies Inc. is pleased to be part of this year’s GeoConvention Exhibition. Since GeoConvention is all about learning and technical advancement, we’ll be presenting a non-stop array of short but informative technical talks right in our XI booth. Seven great topics and demos, multiple times to choose from. In addition to a comfy couch … Read more
(Reuters) – Pipeline company Kinder Morgan Canada Ltd said on Thursday it would continue as a stand-alone entity, following a strategic review that considered options including a sale. The company said its decision was consistent with the recommendation of a special committee of independent directors not affiliated with Kinder Morgan Inc, which holds about 70 … Read more
HOUSTON, B.C. — Members of a northern British Columbia First Nation are arguing in court that they should have been consulted on an archaeological mitigation plan prepared by a natural gas company on their traditional territory.
The Unist’ot’en house …
LOS ANGELES — The federal government wants to reopen over 1.7 million acres (690,000 hectacres) in California to oil and gas drilling that includes fracking on land that has been off-limits since environmentalists sued in 2013.
The Bureau of Land Mana…
May 09, 2019 | Source: Cequence Energy Ltd CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce its operating and financial results for the three months ended March 31, 2019. The Company’s Management’s Discussion and Analysis (“MD&A”) and Condensed Consolidated Interim Financial Statements are … Read more
May 09, 2019| Source: High Arctic Energy Services Inc. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) – “High Arctic” … Read more
May 09, 2019 | Source: Chinook Energy Inc. CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Chinook Energy Inc. (“our”, “we”, or “us”) (TSX: CKE) is pleased to announce our operating and financial results for the three months ended March 31, 2019 (“Q119”). Our unaudited condensed consolidated financial statements and management’s discussion and analysis for the three … Read more
May 9, 201910:00 AM CNW CALGARY, May 9, 2019 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) today announced financial and operating results for the three-month period ended March 31, 2019. First Quarter Highlights Funds from operations (FFO) totalled $212 million Net income for the quarter was $98 million Declared cash dividends of $174 million, or $0.43 per share Quarterly payout ratio* of … Read more
OTTAWA — Canadian senators are trying to make more than 100 amendments to the government’s environmental-assessment bill that overhauls how major energy and transportation projects are reviewed.
The Liberals want Bill C-69 to fulfil a 2015 election pr…
SAN RAMON, Calif. — Chevron on Thursday declined to improve on its offer for Anadarko, cutting short the potential for a rare bidding war in the oil patch and allowing Occidental Petroleum to take control of the energy company and its rich fields in t…
DALLAS — The production of oil and natural gas in West Texas is booming but it’s coming at a cost to residents who are regularly exposed to unhealthy levels of air pollution, according to a report issued by an environmental group.
The Environmental In…
CALGARY — Athabasca Oil Corp. reported a profit of $206.8 million in its latest quarter, boosted by the sale of its Leismer pipelines and Cheecham storage terminal in northern Alberta.
The company says the profit amounted to 39 cents per diluted share…
CALGARY — Fears of another Alberta oil price crisis are ebbing thanks to the government’s production curtailment program and improving crude-by-rail profitability, says the president of oilsands producer Canadian Natural Resources Ltd.
But anxiety ab…
May 09, 2019 | Source: Canadian Natural Resources Limited CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Commenting on the Company’s first quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “In the first quarter, the Company demonstrated the resilience and strength of its long life low decline and low capital exposure assets, generating … Read more
May 8, 2019 CNW CALGARY, May 8, 2019 /CNW/ – Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the first quarter of 2019. HIGHLIGHTS Q1 2019 production averaged 293,434 boepd, a 9% increase over Q1 2018 and a 6% increase over the prior quarter. March 2019 production averaged 301,336 boepd. Q1 … Read more
May 9, 2019 CNW CALGARY, May 9, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2019. KEY HIGHLIGHTS Increased cash flow in 2019 based on return-focused capital allocation, lower costs, higher commodity prices and improved oil … Read more
May 08, 2019 | Source: Granite Oil Corp. CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2019. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended March 31, 2019 2018 (000s, except per … Read more
May 08, 2019 | Source: Athabasca Oil Corporation CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report strong operational and financial performance in the first quarter of 2019. With its resilient business model, the Company is well positioned to generate free cash flow in 2019 … Read more
May 08, 2019 22:00 ET | Source: InPlay Oil Corp. CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three months ended March 31, 2019. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and … Read more
May 9, 2019, by Saket Sundria and Alex Longley (Bloomberg) Oil fell as flaring trade tensions between the world’s two biggest economies overshadowed concerns over supply disruptions from Iran to Venezuela. Futures in New York fell as much as 1.3%, before paring some of those losses, as U.S. President Donald Trump escalated his rhetoric against … Read more
May 9, 2019, by Lorcan Roche Kelly (Bloomberg) Hard ball President Donald Trump declared that Beijing had “broke the deal” the U.S. was negotiating with the world’s second-largest economy. A Chinese spokesperson disputed the president’s characterization of events, saying that the country “honors its word.” A delegation from the Asian nation led by top negotiator … Read more
May 8, 2019, by Jennifer Runyon (Renewable Energy World) Tuesday brings a somewhat mind-blowing announcement in the world of power plants and pollution. In a nutshell: A nonprofit artificial intelligence firm called WattTime is going to use satellite imagery to precisely track the air pollution (including carbon emissions) coming out of every single power plant … Read more
May 08, 2019 | Source: Granite Oil Corp. CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2019. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended March 31, 2019 2018 (000s, except per … Read more
May 8, 2019, by Kevin Orland (Bloomberg) Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, Chief Executive Officer Jean-Jacques Ruest said. The company shipped about 125,000 to 150,000 barrels a day … Read more
FOX CREEK, Alta. — A construction accident in northern Alberta has killed two workers.
Source Energy Services says in a statement that the contractors died on Tuesday during work on additional storage capacity for what’s known as fracking sand at the …
CALGARY — The CEO of Enbridge Inc. says it’s “critical” to Canada’s energy future that substantive changes are made to proposed federal legislation to revamp how big resource projects win federal approval.
Speaking after his company’s annual sharehold…
CALGARY — Hundreds of pro-pipeline protesters rallied outside a Calgary office tower during a clean energy announcement by federal Natural Resources Minister Amarjeet Sohi.
The protest by the group Canada Action attracted about 300 people who chanted …
May 8, 2019 CNW CALGARY, May 8, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to release its first quarter 2019 financial and operating results. Highlights from the quarter include: Heavy oil production in Eastern Alberta grew 30% relative to the prior year first quarter, driven by positive results from heavy oil focused drilling … Read more
May 08, 2019 | Source: STEP Energy Services Ltd. CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three months ended March 31, 2019. The following press release should be read in conjunction with the unaudited condensed consolidated interim financial … Read more
Corporate Operating Netbacks More Than Triple Since the Prior Quarter to Deliver the Strongest Quarterly Adjusted Funds Flow in More than a Year May 08, 2019 | Source: Pengrowth Energy Corporation CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth” or the “Company“) (TSX:PGF, OTCQX:PGHEF), today reported its results for the three months ended … Read more
May 08, 2019 | Source: Kelt Exploration Ltd CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”) has released its financial and operating results for the three months ended March 31, 2019. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except … Read more
May 8, 2019, by Lorcan Roche Kelly (Bloomberg) 60 days Iran said it will resume uranium enrichment beyond limits agreed under the 2015 nuclear deal in 60 days if European signatories to the agreement fail to find a way for the country to continue to sell oil and trade with the world. The move comes … Read more
May 7, 2019 Globe Newswire CALGARY, Alberta, May 07, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the quarter ended March 31, 2019 and to provide an operations update. FIRST QUARTER 2019 HIGHLIGHTS Successfully concluded drilling operations on the Company’s first four-well Montney pad by drilling the … Read more
May 7, 20194:49 Globe Newswire CALGARY, Alberta, May 07, 2019 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company”) (TSX: CJ) is pleased to announce its operating and financial results for the quarter ended March 31, 2019. The Company also announces that its unaudited financial statements and management’s discussion and analysis for the quarter … Read more
Attend Online May 22, 2019- Energy Connect Virtual Conference & Expo Register Free Here The oil and gas industry has taken its first tentative steps towards a more digital future, and the key challenges and risks to adoption are becoming clear. But the pace of development and adoption is slow in comparison with other industries. … Read more
Eclipse E-Line Services Inc. is pleased to announce that Doug Kozak has chosen to join our team to fill the role of Senior Technical Sales. Doug will be responsible for liaising with existing clients, identifying and developing new business opportunities and relationships and providing pre-sales and post-sales support to our customers. Doug brings 20 years … Read more
We’re taking the “overwhelming” factor out of your decision-making process by compiling a list of materials showing what your tag material options are. Once you know the basics like, where is it going, will it be indoor or outdoor, is it temporary or permanent, you’ll be ready to make your selection. Tag Materials Cardstock Cardstock … Read more
As long as you register before May 13, access to the GeoConvention 2019 exhibition floor is absolutely free! Join us and your colleagues May 13-15 at the Calgary Telus Convention Center for a coffee and a chat with our nearly 100 exhibitors! REGISTER This is what’s happening on the 2019 Exhibit Floor: With nearly 100 exhibitors, … Read more
Many thanks to the Petroleum Services Association of Canada (PSAC) for the visuals in this article. Each week, XI Technologies scans for industry data, trends, and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. During last … Read more
CALGARY — A researcher at the University of Calgary says she has developed a method of turning greenhouse gases into valuable carbon nanofibres.
Mina Zarabian came up with the concept while completing her doctorate in chemical and petroleum engineerin…
CALGARY, Alberta (Reuters) – Western Canadian crude oil storage inventories hit a record high of 37.1 million barrels in April, according to data from energy information provider Genscape, as Alberta government production cuts failed to reduce a glut of oil in the province. Genscape said the build in inventories was due to lower pipeline flows … Read more
May 7, 2019 Reuters WINNIPEG, Manitoba/CALGARY, Alberta, May 7 (Reuters) – Enbridge is asking oil shippers to sign at least eight-year contracts to move crude on its Mainline pipeline network, as it proposes to shift away from a monthly allocation system, people with knowledge of the matter told Reuters. The minimum term Enbridge Inc is seeking, … Read more
We need your help to build that pipeline! Canada Action will be organizing a rally Wednesday, May 8, 2019 at 11:30 AM in support of Trans Mountain Pipeline. Minister Amarjeet Sohi is in town and we intend to remind him that delays building pipelines are devastating the Canadian economy. Natural Resources Minister Sohi, who recently said … Read more
NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd. The EIA forecast output in 2020 will rise … Read more
May 7, 2019 Business Wire HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for April 2019 was 1,062, up 23 from the 1,039 counted in March 2019, and up 84 from the 978 counted in April 2018. The international offshore rig count for April 2019 was … Read more
May 7, 20192:01 PM CNW CALGARY, May 7, 2019 /CNW/ – TORC Oil & Gas Ltd. (“TORC” or the “Company”) (TSX: TOG) is pleased to announce its financial and operating results for the three months ended March 31, 2019. The associated management’s discussion and analysis (“MD&A”) and unaudited interim financial statements as at and for the quarter ended March 31, … Read more
May 7, 2019 Globe Newswire CALGARY, Alberta, May 07, 2019 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announced first quarter results for the period ended March 31, 2019. RESULTS AT A GLANCE Three Months Ended March 31 FINANCIAL ($000s, except as noted) 2019 2018 Change Royalty and other revenue 35,609 39,157 -9 % Net Income … Read more
May 7, 2019 Globe Newswire CALGARY, Alberta, May 07, 2019 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the first quarter of the 2019 fiscal year. A 68% Operating Margin(1) and a 16% Profit Margin(2) in the quarter delivered a 6% return on capital … Read more
BISMARCK, N.D. — The Oglala Sioux and South Dakota Gov. Kristi Noem are each waiting for the other side to make a move to resolve a disagreement over anti-protest legislation that led to the tribe banning the governor from one of the largest reservati…
Gasoline for that summer road trip will cost a bit more than experts in the federal government were expecting just a month ago.
The government is also predicting higher prices for crude oil despite an increase in U.S. production. That’s because global…
VICTORIA — Premier John Horgan has asked the British Columbia Utilities Commission to investigate why gasoline in Metro Vancouver and Vancouver Island is so much more expensive than the rest of the country.
A statement from the premier’s office says H…
Montreal building owners will have a little more than a decade to rid themselves of their oil furnaces as the city moves to ban the use of heating oil from its territory by 2030.
It’s the latest initiative announced by Montreal’s municipal government …
HOUSTON — Anadarko says it plans to end its $33 billion takeover deal with Chevron in favour of a revised bid by Occidental.
Occidental’s offer is worth about $57 billion in cash and stock, including debt and book value of non-controlling interest. Ch…
CALGARY — A strong rebound in western Canadian oil markets helped deliver the highest realized bitumen prices in four years for oilsands producer MEG Energy Corp. in the first quarter, it said Tuesday.
Revenue rose to $919 million, up 27 per cent from…
CALGARY, Alberta, May 07, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company’s financial and operating results for the quarter ended March 31, 2019 (“the Quarter“). All dollar amounts are in United States (“U.S.“) dollars unless otherwise indicated. Production amounts are on an average working interest before … Read more
CALGARY, Alberta, May 06, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today its financial and operating results for the three months ended March 31, 2019. “Gibson delivered strong, consistent financial and operational results in the first quarter, with Infrastructure benefiting from 1.1 million barrels of new tankage at … Read more
Investment in the Canadian and U.S. Oil and Gas Sectors: A Tale of Diverging Fortunes Published on May 7, 2019 The oil and gas industry is critically important to Canada’s economy. It accounts for almost 8 percent of Canada’s GDP, as well as for a significant share of the tax revenue collected by governments. The … Read more
May 7, 2019, by Heesu Lee and Alex Longley (Bloomberg) Oil traded near $62 a barrel as Saudi Arabia was said to give extra crude supplies to its customers in Asia but they’ll pay a heavy price for it. Futures erased an earlier gain in New York to trade 0.7 percent lower. Saudi Aramco will … Read more
May 7, 2019, by Alex Longley, Sharon Cho and Sherry Su (Bloomberg) Whether it’s in the North Sea, West Africa or the Persian Gulf, traders of millions of barrels of crude are seeing little to justify the past fortnight’s slump in oil futures. Crude on exchanges in New York and London fell as much as … Read more
May 7, 2019, by Dina Khrennikova (Bloomberg) Russia is getting closer to restoring supplies of uncontaminated oil to Europe via both sections of the Druzhba pipeline and the Baltic port of Ust-Luga, the country’s energy minister said. “On May 6, shipments of compliant crude started in the direction of Brody point,” in Ukraine, from where … Read more
May 7, 2019, by Lorcan Roche Kelly (Bloomberg) Talks go ahead Despite President Donald Trump upping the pressure and Trade Representative Robert Lighthizer confirming the U.S. would increase duties on Chinese imports at 12:01 a.m. on Friday, Beijing will still send trade negotiators to Washington this week. The delegation will be led by Vice Premier Liu He, … Read more
BENGALURU (Reuters) – Piramal Enterprises Ltd said on Tuesday it had signed a memorandum of understanding with Canada’s biggest public pension fund to co-sponsor a $600 million infrastructure trust focused on renewable energy. The Canada Pension Plan Investment Board will initially contribute $360 million to the fund with Piramal adding $90 million, the Indian conglomerate … Read more
May 6, 2019, by Rachel Adams-Heard and Kevin Crowley (Bloomberg) Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,” giving Chevron Corp. four days to either boost its offer or walk away from the oil industry’s biggest deal in at least four years. The announcement by Anadarko, which had rebuffed … Read more
May 6, 2019, by Robert Tuttle (Bloomberg) China is snapping up more Canadian crude as global heavy oil supplies dwindle amid Iran sanctions and a political crisis in Venezuela. Ambelos is the second tanker to leave Vancouver’s Westridge terminal this year bound for China, according to data compiled by Bloomberg. It’s carrying more than half … Read more
May 7, 2019, by Josh Wingrove (Bloomberg) The Canadian government is likely to proceed with expansion of the Trans Mountain oil pipeline when it announces its decision next month, officials familiar with the matter say. The government has made no secret about its interest in finding a way to expand the conduit, but has tiptoed … Read more
35 years of relevant experience throughout the Western Canadian Sedimentary Basin permits the proficient incorporation of information from multiple sources (core, DST’s, pressures, hydrodynamics, seismic etc.) into formulating informed drilling and business decisions. Prospecting / Development / Enhanced Recovery Projects Property, Reserves and Land Sale Evaluations Geological Modelling, Log and Formation Evaluation Contact Dave for … Read more
CALGARY, Alberta, May 06, 2019 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) today announced its financial and operating results for the three month period ended March 31, 2019. The Company’s unaudited interim financial statements and corresponding Management’s Discussion and Analysis (“MD&A”) for the three month period … Read more
They say misery loves company and for the Trudeau Liberals that apparently includes miserable tax policy. It hasn’t even been a month since Ottawa imposed its hated carbon tax on much of the country and lo and behold, it already has another new tax on the table. Last year, Environment Canada commissioned accounting firm Deloitte … Read more
May 5, 2019, by Josh Wingrove (Bloomberg) Five months from an election, Canadian voters remain undecided on who they think would best grow the economy — the latest signal of a wide-open race. Prime Minister Justin Trudeau and Conservative Leader Andrew Scheer are neck-and-neck as the top choices to best manage the country’s growth. But … Read more
May 6, 2019, by Lorcan Roche Kelly (Bloomberg) Tariff man President Donald Trump put trade talks between the U.S. and China at risk over the weekend when he sent out two tweets that threatened to increase tariffs on $200 billion of Chinese imports to 25 percent on Friday. Foreign Ministry officials in Beijing said a delegation still … Read more
The Trans Mountain Pipeline transports crude oil, semi-refined and refined products in a series in the same pipeline. This process is known as “batching”. Think of it as a “batch train,” with one product following another product through the pipeline during a specific time period. It’s like a series of rail cars carrying different products … Read more
STOCKHOLM (Reuters) – Top diplomats from the United States, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth. Countries have been scrambling to claim territory or, like China, boost … Read more
May 6, 2019 by Saket Sundria and Verity Ratcliffe (Bloomberg) Oil tumbled toward $60 a barrel as President Donald Trump threw trade talks between the world’s two largest economies into disarray with a threat to raise tariffs on Chinese imports, roiling global markets. U.S. crude pared losses after plunging as much as 3.1 percent in … Read more
May 6, 2019, by Sharon Cho (Bloomberg) The world’s biggest oil buyers are being forced to go on the defensive once again. U.S. President Donald Trump’s sanctions on Iran and Venezuela, the OPEC+ coalition’s output curbs, and disruptions from Nigeria to Libya are all handing crude sellers the upper hand in negotiations. With refiners in … Read more
STEP-IQTM real-time data services provide reliable measurements allowing operators to evaluate critical job parameters and make instant decisions to improve treatment programs. Join us for a FREE breakfast on Thursday, May 16 where our engineering team will discuss the success stories and learnings of our STEP-IQ CT solutions, fiber optics and e-coil, in conjunction with STEP-PLEXTM diverting agents, followed … Read more
There is still time to book your delegate pass! With registration pacing stronger than it has for the last several years, do not miss your opportunity to join your colleagues and knowledge share with some of the brightest minds in geoscience and petroleum engineering. With access to over 300 oral presentations and another 110 Posters, GeoConvention provides fantastic return … Read more
May 06, 2019 02:45 ET | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 06, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) updated the progress on its clean tech energy … Read more
Offshore Technology Conference 2019 Press Data Sheet Condition Based Maintenance: Stress Engineering Services to hold press meetings during OTC 2019 – stand 431 Stress Engineering Services, the global leader in consulting engineering services, will host media interviews during OTC 2019, May 6-9, in Houston, to discuss its Condition Based Maintenance and Monitoring for drilling riser … Read more
Olof Ryden, Marketing Manager & Paul Ritchie, VP Sales & Client Services – Osprey Informatics The Energy Excellence Awards program, presented by the Daily Oil Bulletin, uniquely recognizes energy excellence and focuses on the advancement of collaboration within Canada’s energy industry. The DOB received just over 90 nominations in three broad awards categories — Operational … Read more
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VANCOUVER — Green party Leader Andrew Weaver is calling for a ban on the use of taxpayer money for political attack ads after the B.C. Liberals bought billboards blaming Premier John Horgan for a spike in gas prices.
The digital billboards along com…
WASHINGTON (Reuters) – U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric vehicles, one of more than 1,000 product denials linked to China’s industrial development plans. According to documents filed by the U.S. Trade Representative’s office (USTR) … Read more
May 3, 2019 by Alex Nussbaum and Grant Smith (Bloomberg) Oil eked out a gain as a forecast-topping U.S. jobs report signaled a strong domestic economy to go along with the supply disruptions squeezing global crude markets. Futures in New York rose 0.2 percent on Friday, after unemployment unexpectedly fell to a 49-year low in … Read more
May 3, 2019 by Kevin Orland (Bloomberg) TransCanada Corp. posted first-quarter profit that topped analysts’ estimates, giving the pipeline company momentum as it enters a period that’s likely to feature key legal decisions on some of its major projects. Key Takeaways TransCanada is benefiting from increased energy production and a shortage of pipeline capacity that’s … Read more
May 3, 2019 Globe Newswire CALGARY, Alberta, May 03, 2019 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) today announced that shareholders representing approximately 99.55% per cent of votes cast approved a special resolution authorizing the Company to amend its articles to change its name to: TC Energy Corporation Corporation … Read more
Canada’s drilling rig count down 2 actively drilling rigs according to data collected by Baker Hughes for the week ending May 3, 2019. From one week ago, Alberta rig counts decreased 4 to 42 and the Saskatchewan rig count stayed at 1. Oil drilling decreased 2 to 17 and gas stayed at 44. Weekly … Read more
Environmental groups rejoiced at a Saskatchewan Court of Appeal ruling on carbon pricing that legal experts say strongly affirms the federal government’s essential role in the fight against climate change.
Ian Bruce of the David Suzuki Foundation says…
Cody Battershill When a famous quotation is attributed to several historic figures at once, it seems to me the quote probably holds some value. Take this one: ‘A lie travels halfway around the world before truth can get its pants on.’ The statement’s been credited to Churchill, Twain, Jefferson, Swift and maybe dozens more. With … Read more
CALGARY — The Alberta Orphan Well Association says it has taken the “unprecedented” step of having a receiver appointed to manage the oil and gas assets of failed Trident Exploration.
The industry association that takes care of wells in Alberta when t…
May 3, 2019 CNW CALGARY, May 3, 2019 /CNW/ – Plains Midstream Canada (PMC) today announced that it is constructing a new 50,000 barrel per day crude oil terminal in Mitsue, Alberta, on its Rainbow Pipeline system, supported by long-term commitments from area producers. The Mitsue Terminal leverages PMC’s existing Rainbow crude oil and RPII diluent pipeline systems and is … Read more
May 3 (Reuters) – U.S. energy firms this week increased the number of oil rigs operating for the first time in three weeks even as crude output decelerates with the rig count dropping five months in a row due to spending cuts. Companies added two oil rigs in the week to May 3, bringing the … Read more
May 3, 2019 Globe Newswire CALGARY, Alberta, May 03, 2019 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce its first quarter 2019 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements … Read more
OTTAWA — At least one Canadian-based company is optimistic about its prospects in Saudi Arabia, a bullishness that comes as businesses fret about their future in the kingdom following a diplomatic battle with Ottawa.
WSP Global Inc., an engineering f…
The Canadian Press The bankruptcy of an energy company that plans to walk away from thousands of gas wells may be a sign lenders are changing how they look at the industry in light of a recent Supreme Court ruling. “The credit industry is evolving the way it looks at risk,” said Brad Herald, a … Read more
LONDON (Reuters) – Oil prices were on track for sharp weekly declines on Friday as surging U.S. output countered production losses in sanctions-hit Iran and Venezuela. Brent crude oil futures were at $70.47 a barrel at 1115 GMT, down 28 cents and set for their first weekly loss after five weeks of gains. U.S. West … Read more
May 2, 2019 CNW Sable Offshore Energy Project and Deep Panuke Projects have ceased production CALGARY, May 2, 2019 /CNW/ – The National Energy Board (NEB) has approved two applications to abandon the NEB-regulated parts of Exxon Mobil’s Sable Offshore Energy Project and Encana Corporation’s Deep Panuke Project. These projects, both located offshore Nova Scotia, had reached a stage … Read more
(Reuters) – SNC-Lavalin Group Inc is exiting operations in 15 countries, the Canadian company said on Thursday, after posting a surprise quarterly loss in its engineering and construction unit that pushed its shares to a decade low. The company, which is already under pressure from trade challenges in Saudi Arabia and corruption charges at home, … Read more
(Reuters) – TransCanada Corp beat analysts’ estimates for quarterly profit on Friday, as it earned more by phasing into service Columbia Gas pipeline and one of its Columbia Gulf growth projects, as well as moved more volumes at its Canadian Keystone pipeline. The pipeline operator said earnings from its U.S. natural gas pipelines rose 22 … Read more
May 2, 2019 CNW 2019 Liquids Production Growth On-Track with Lower Capital (TSX: AAV) CALGARY, May 2, 2019 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce continued advancement of our liquids development plan as demonstrated by our first quarter 2019 results. Advantage’s achievements include: 13% increase in production to 44,900 boe/d, … Read more
Strong liquids production, improving regional condensate pricing and reduced operating costs contribute to expected free cash flow generation in 2019 May 03, 2019 05:00 AM Mountain Daylight Time CALGARY, Alberta–(BUSINESS WIRE)–FIRST QUARTER 2019 HIGHLIGHTS 7G’s market access initiatives, coupled with a stronger condensate price environment and improved operating costs, led to adjusted funds flow of … Read more
May 2, 2019, by Julian Lee (Bloomberg) Exports of crude and condensate from the OPEC countries of the Persian Gulf, which account for about 75 percent of total OPEC output, fell for a third month in April to their lowest level since the OPEC+ group of countries began output cuts in January 2017. The latest … Read more
May 03, 2019 | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 03, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it has closed its … Read more
May 3, 2019, by Gerald Porter Jr. and Brian Eckhouse (Bloomberg) Electric vehicles and solar tend to get lumped together as partners in the climate-friendly push to phase out fossil fuels. Now they’re competing head-to-head for high-tech components that have been in short supply. The parts, electric transistors, are key for both EVs and solar … Read more
May 3, 2019, by Arsalan Shahla and Grant Smith (Bloomberg) Iran’s oil minister warned that OPEC is in danger of collapse as some nations seek to undermine their fellow members, an apparent reference to Saudi Arabia’s pledge to fill the supply gap created by U.S. sanctions on Iranian exports. “Iran is a member of OPEC … Read more
May 2, 2019, by Serene Cheong, Sharon Cho and Debjit Chakraborty (Bloomberg) Oil refiners in Asia are asking Saudi Arabia for more crude as the world’s top consuming region deals with supply disruptions from Iran to Venezuela, according to people with knowledge of the matter. Customers are seeking additional cargoes for loading in June and … Read more
May 3, 2019, by Lorcan Roche Kelly (Bloomberg) Payrolls This morning’s payrolls number may get a boost from government hiring as the U.S. Census Bureau starts preparing for the 2020 count. The median expectation from economists is for an increase of 190,000 positions in April, with average hourly earnings gaining 3.3 percent from a year … Read more
CALGARY, Alberta (Reuters) – Canada’s Suncor Energy produced record volumes of synthetic crude oil in the first quarter, the company said on Thursday, as it sought to maximize high-value production to offset the impact of Alberta government curtailments. The government of Alberta, Canada’s main crude-producing province and home to the oil sands, mandated temporary production … Read more
by EnergyNow Contributor Maureen McCall Jason Kenney is back in Ottawa with a different tone for a different time. We are years deeper into the Federal Government multi-layered regulatory blockage of Oil Industry projects and most Albertans agree stronger measures are overdue. Certainly, the provincial election results indicated most Albertans want a change of approach. … Read more
CALGARY — A Calgary company proposing to build a US$10-billion LNG export facility in Oregon says the project timeline is being delayed by about a year.
Pembina Pipeline Corp. says it has decided to minimize project spending at about $50 million this …
May 2, 2019 CNW Pembina reports first quarter results and announces a five percent dividend increase All financial figures are in Canadian dollars unless noted otherwise. CALGARY, May 2, 2019 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the first quarter of 2019. Financial and Operational … Read more
May 2, 2019 CNW (TSX:BNP) CALGARY, May 2, 2019 /CNW/ – Bonavista Energy Corporation (“Bonavista”) is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2019. The financial statements and notes, as well as management’s discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at http://www.sedar.com and … Read more
May 2, 2019 Globe Newswire CALGARY, Alberta, May 02, 2019 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) reports its operating and financial results for the three months ended March 31, 2019 (all amounts are in Canadian dollars unless otherwise noted). “This marks the first quarter where we have demonstrated the benefit of the Baytex … Read more
May 2, 2019 CNW CALGARY, May 2, 2019 /CNW/ – Crew Energy Inc. (TSX: CR) (“Crew” or the “Company”) is pleased to announce our operating and financial results for the three month period ended March 31, 2019. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three month period ended March 31, 2019 are available … Read more
PORT FOURCHON, La. — The Trump administration moved Thursday to give oil and gas companies more flexibility in meeting safety requirements imposed after the 2010 BP Deepwater Horizon explosion, which killed nearly a dozen people and was the worst offs…
VICTORIA — Get ready for higher gasoline prices and shortages in British Columbia and a supply surplus on the Prairies if Alberta Premier Jason Kenney uses a newly proclaimed law to restrict fuel exports to its western neighbour, say industry experts …
OTTAWA — Barack Obama’s former envoy to Ottawa has pulled back the veil on how the previous Conservative government of Stephen Harper froze him out over the controversial Keystone XL pipeline.
Bruce Heyman, who was the U.S. ambassador to Canada from 2…
The bankruptcy of an energy company that plans to walk away from thousands of gas wells may be a sign lenders are changing how they look at the industry in light of a recent Supreme Court ruling.
“The credit industry is evolving the way it looks at ri…
CALGARY — The new CEO of Suncor Energy Inc. says he doesn’t want the Alberta government to carry through on its threat to cut off shipments of oil and refined products to B.C. if its western neighbour continues to interfere with pipeline growth.
Follo…
May 2, 2019\ OTTAWA – Alberta Premier Jason Kenney says if the federal bill overhauling environmental assessments passes in its current form it will threaten Canadian unity and there will be “an immediate constitutional challenge.” Kenney is at the Senate energy committee this morning to talk about Bill C-69, which he calls the “no … Read more
CALGARY, Alberta, May 02, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) is pleased to announce that of the $1.0 Million USD, it has received a $0.9 Million USD advance payment from PE Energy Limited (“PE”) following successful completion of data acquisition and delivery of preliminary … Read more
TORONTO, May 02, 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 fourth quarter of fiscal 2019 after market close on May 15th, … Read more
NEW YORK (Reuters) – U.S. crude stockpiles, including Gulf Coast inventories, rose last week to their highest since September 2017 as production set a new record high, imports rose while refining rates fell, the Energy Information Administration said on Wednesday. Gasoline stockpiles also increased unexpectedly after 10 weeks of drawdowns, while distillate inventories fell, the … Read more
May 1, 2019 CALGARY, AB (May 1, 2019) – Today, the Petroleum Services Association of Canada (PSAC) in its Midyear Update to the 2019 Canadian Oilfield Services Activity Forecast lowered, for a second time, its Forecast for the number of wells drilled (rig released) in 2019 across Canada to 5,300 wells – a drop of 1,300 … Read more
FOR IMMEDIATE RELEASE: PSAC Lowers Its 2019 Oilfield Services Activity Forecast: Market Access Challenges Suppress Reinvestment CALGARY, AB (May 1, 2019) – Today, the Petroleum Services Association of Canada (PSAC) in its Midyear Update to the 2019 Canadian Oilfield Services Activity Forecast lowered, for a second time, its Forecast for the number of wells drilled (rig … Read more
May 1, 2019, by Grant Smith (Bloomberg) The volatile politics of OPEC nations meant that oil production from the cartel held steady last month, as losses in some members were offset by gains in others. Iran’s output slumped once again as the U.S. government moved to tighten sanctions, while Libya’s rose as it revived its … Read more
May 2, 2019, by Heesu Lee and Grant Smith (Bloomberg) Oil declined for a second day, trading near $63 a barrel in New York, as a massive surge in U.S. crude stockpiles allayed worries about supply disruptions around the world. West Texas Intermediate futures fell as much as 1.2 percent. U.S. government data showed that … Read more
May 2, 2019, by Lorcan Roche Kelly (Bloomberg) Catching breath Yesterday’s Fed decision and press conference from Chair Jerome Powell pushed back against increasing speculation the bank’s next rate move could be a cut. The one thing that remains clear is that U.S. monetary policy makers are happy to do nothing at all right now, … Read more
May 1, 2019 CNW CALGARY, May 1, 2019 /CNW/ – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) is pleased to announce first quarter financial and operating results. HIGHLIGHTS: Maintained total credit capacity of $400 million; Reduced bank debt by approximately $55 million at the end of the first quarter of 2019 compared to the first quarter … Read more
May 01, 2019 | Source: Granite Oil Corp. CALGARY, Alberta, May 01, 2019 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to provide material test results from its well drilled and completed in the second quarter of 2019, preliminary first-quarter results including significant debt repayment, and advancements in operational and Corporate efficiencies. … Read more
Strong Start to the Year May 01, 2019 | Source: Parkland Fuel Corporation CALGARY, Alberta, May 01, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation, (“Parkland”, “We”, the “Company”, or “Our”) (TSX:PKI) announced today the financial and operating results for the three months ended March 31, 2019 (“Q1 2019”). All financial figures are expressed in Canadian dollars unless … Read more
May 01, 2019 19:00 ET | Source: Suncor Energy Inc Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working … Read more
May 2, 2019, by Robert Tuttle and Natalie Obiko Pearson (Bloomberg) A political brawl between British Columbia and Alberta over a stalled pipeline expansion is being blamed for handing Vancouver a somewhat dubious municipal distinction. The city recently recorded the highest retail gasoline price on record for a major North America metro, according to GasBuddy, … Read more
By Nia Williams CALGARY, Alberta, May 1 (Reuters) – Canada will exempt some oil sands projects from federal environmental assessments as long as Alberta maintains a cap on oil sands emissions, draft regulations from the federal government said on Wednesday. Canada is in the process of revamping legislation governing how major energy and infrastructure projects … Read more
OTTAWA — Jason Kenney will meet face-to-face today with the political foe he attacked relentlessly in his successful bid to become Alberta’s premier: Prime Minister Justin Trudeau.
The two are to meet this afternoon in the Prime Minister’s Office, jus…
EDMONTON — British Columbia’s premier fought battles over the Trans Mountain pipeline on two fronts Wednesday, going to court against Alberta’s premier, who wants the line expanded, while urging Ottawa to start shipping more gasoline through the pipe …
CALGARY — Suncor Energy Inc. is reporting first-quarter net income that beat analyst expectations thanks to higher oil prices, record downstream results, more oilsands production and a $264-million insurance gain on its assets in Libya.
The Calgary-ba…
CALGARY — Junior oil and gas company Trident Exploration Corp. says it is ceasing operations and will turn over care of its 4,700 wells to the Alberta Energy Regulator.
In a news release, the privately held Calgary-based company says its abandonment a…
CALGARY — The Petroleum Services Association of Canada is again lowering its forecast for how many oil and gas wells will be drilled in Canada this year.
It says it now thinks just 5,300 wells will be drilled, down from a revised estimate of 5,600 wel…
EnergyNow is pleased to publish this Open Letter by Deidra Garyk, who works in the Canadian energy industry. If you agree with Deidra please share her letter on your own social media channels. This Open Letter refers to an attack on the Canadian Oil Sands by the National Geographic. Their article is included in this … Read more
OTTAWA — Finance Minister Bill Morneau argues that a $40-billion project to eventually ship liquefied natural gas to Asia from Canada’s west coast shows the country can still get big things done.
The federal Liberals have been facing criticism from so…
OTTAWA — The federal government is warning the new government in Alberta not to scrap the province’s legal limit on total emissions from oilsands of 100 million tonnes a year.
Ottawa has issued a proposed list of projects that will be subjected to a c…
CALGARY — Canadian Natural Resources Ltd. is cutting production expectations as damage is repaired from a fire at the Scotford Upgrader northeast of Edmonton two weeks ago.
The Calgary-based oilsands producer owns 70 per cent of the facility, which is…
MOSCOW/LONDON (Reuters) – It was a quiet Easter holiday at the offices of major European oil companies and refiners when an email in Russian landed. “What the hell does it say?” one manager recalled thinking as he sent it to his Moscow office for translation. He was in for a shock. The letter was from … Read more
LAGOS (Reuters) – Two Royal Dutch Shell oil workers who were kidnapped in Nigeria’s southern Niger Delta region last week have been rescued, a police spokesman and Shell Petroleum Development Company of Nigeria Limited (SPDC) said on Tuesday. Kidnappings for ransom occur in much of Nigeria, Africa’s biggest oil producer, but are particularly prevalent in … Read more
Email Print Friendly Share May 01, 2019 05:00 ET | Source: Canadian Natural Resources Limited CALGARY, Alberta, May 01, 2019 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) provides a follow up report on the event which occurred at the Scotford Upgrader, in which the Company has a 70% interest, on Monday April 15, 2019 … Read more
Calgary, Alberta–(Newsfile Corp. – May 1, 2019) – Leucrotta Exploration Inc. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce the following update: Leucrotta drilled and completed an Upper Montney horizontal multi-frac well at 8-22-81-14W6 (“8-22”) in the Mica area of north east British Columbia. The well was considered a major step-out given it was approximately 7.5 miles … Read more
May 1, 2019, by Saket Sundria and Grant Smith (Bloomberg) Oil retreated amid signs of a sharp increase in U.S. crude inventories and concerns over the strength of economic growth in China. Futures in New York fell as much as 1.3 percent after rising 0.7 percent Tuesday. The American Petroleum Institute was said to report … Read more
April 30, 2019 Accesswire CALGARY, AB / ACCESSWIRE / April 30, 2019 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the “Corporation” or “Point Loma“) is pleased to report financial and operating results for the three months and year ended December 31, 2018. The results for 2018 are summarized below: 2018 Financial and Operating Results Three months … Read more
May 1, 2019, by Lorcan Roche Kelly and Sid Verma (Bloomberg) More patience Today’s interest-rate decision from the Federal Reserve is expected to be something of a non-event, with the Federal Open Market Committee all but certain to hold policy unchanged and restate its mantra to be patient in the statement at 2 p.m. Eastern Time. There will … Read more
(Reuters) – Canadian Natural Resources Ltd on Wednesday cut its May and June production due to ongoing maintenance at one of its oil sands upgrader at the Albian mines in Alberta that was damaged in a fire incident. The average gross production at the Albian oil sands mine, which supplies the upgrader with bitumen, for … Read more
Apr 30, 2019, by Robert Tuttle (Bloomberg) Maintenance at oil-sands mines may achieve what Alberta’s mandatory production curtailments have so far failed to accomplish: drain Western Canada’s storage tanks. Inventories in the region were 34 million barrels the week before last, Richard Kruger, Imperial Oil Ltd.’s chief executive officer, said in an earnings call Friday, … Read more
Drillform will be an exhibitor at the 2019 Offshore Technology Conference in Houston, Texas from May 6th to 9th, 2019. Celebrating it’s 50th year, OTC is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources. Visit Drillform in the outdoor exhibitor area at booth 11035. Drillform’s … Read more
Wednesday May 1, 2019 Given the results of the Orphan Well Association v Grant Thornton Ltd. (commonly known as the “Redwater” case), operators and lenders are looking for ways to reduce their exposure to environmental liabilities. Traditionally, this has been accomplished by divestitures or asset retirement (abandonment and reclamation) programs. Whatever the form, the goal … Read more
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 to receive our Wednesday Word to the Wise in your inbox, subscribe here. It’s no secret that drilling activity has slowed in the WCSB. But … Read more
Osprey’s intelligent visual monitoring platform Osprey Reach paired with thermal cameras dramatically improves incident response and reporting. Our solutions for injection well leak detection, flare stack monitoring and storage tank venting detection are proven to deliver a strong return on investment, while also protecting the environment. Find out how you can protect your assets and … Read more
On March 6th, 2019 the Canada Gazette published a significant revision of the Canadian Environmental Protection Act’s Environmental Emergency Regulations (EER SOR 2003-307), requiring any entity managing hazardous substances over prescribed limits to prepare, test, file, and communicate to the public an emergency management plan. Based on current regulated parties, approximately five thousand Canadian businesses … Read more
Initial trials utilizing the GEOWEB® 3D soil confinement in place of heavy rig matting in the Lloydmister and Girouville AB region for one oil company’s drilling pad proved so successful, the system is now the ‘go-to’ solution for their laydown pads. Why is the GEOWEB® 3D system so successful for pads? First, the soil confinement … Read more
When Bonanza Creek Energy Inc., a 17,000 boed producer that typically runs plug and perf completions in the (Denver-Julesburg Basin, started considering a cemented sliding sleeve solution for seven stand-alone lease-saving wells, it had some expectations and plenty of reservations. Cemented sliding sleeves promise shorter fracking times, better stimulation at the toe of the well … Read more
MONTREAL — The head of Canada’s largest railway says ferrying crude remains a lucrative, albeit temporary solution to Canada’s pipeline quandary.
“The role of the rail industry is a recent role and probably a temporary role. We’re not here to replace …
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