6 - 2019 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Marksmen Announces First Closing of Private Placement and Issuance of Debenture

June 30, 2019 by EnergyNow Media

June 28, 2019| Source: Marksmen Energy CALGARY, Alberta, June 28, 2019 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX Venture: MAH) (OTCQB: MKSEF) announces that it has completed the first closing of its previously announced non-brokered private placement of units (the “Units”) of Marksmen (the “Offering”). The Company issued 5,900,000 Units at a price … Read more

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ClearStream Announces Completion of Previously Announced Strategic Acquisitions and Concurrent Equity and Debt Financings

June 30, 2019June 30, 2019 by EnergyNow Media

June 28, 2019| Source: ClearStream Energy Services Inc. CALGARY, Alberta, June 28, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Corporation”) (TSX: CSM) is pleased to announce the completion by its wholly-owned subsidiary, ClearStream Energy Holdings LP (“CEHLP”), of its previously announced acquisition of certain assets of the production services division (the “Production … Read more

Record Breaking: U.S. Oil Output Tops 12 Million Barrels a Day for First Time

June 28, 2019 by EnergyNow Media

By Stephen Cunningham and Jessica Summers Jun 28, 2019 (Bloomberg) U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats.A government report on Friday showed U.S. production grew 2.1% in April to 12.16 million barrels a day. Booming shale production from places … Read more

Pacific Oil & Gas Limited Closes Acquisition of Canbriam Energy Inc.

June 28, 2019 by EnergyNow Media

June 28, 2019 CNW CALGARY, June 28, 2019 /CNW/ – Pacific Oil and Gas Ltd. (“PO&G”) and Canbriam Energy Inc. (“Canbriam”) are pleased to announce that PO&G has completed the acquisition of all the issued and outstanding shares of Canbriam. “We welcome the Canbriam team to Pacific Oil and Gas Ltd,” said Ratnesh Bedi, President of PO&G. “Our intention is … Read more

Ontario Court of Appeal rules carbon tax is constitutional

June 28, 2019 by EnergyNow Media

Ontario’s Court of Appeal ruled on Friday that Canada’s federal carbon tax is constitutional after a challenge from the province’s Conservative government in a blow to efforts to strike down Justin Trudeau’s environmental policies. In April, Canada’s federal government imposed a carbon tax on provinces without a carbon pricing system, which was opposed by several … Read more

U.S. drillers add rigs for second week in a row – Baker Hughes

June 28, 2019 by EnergyNow Media

June 28, 2019 Reuters U.S. energy firms this week increased the number of oil rigs operating for a second week in a row with oil futures up about 12% over the past couple of weeks despite plans by most producers to cut spending on new drilling this year. The rig count, however, was still down … Read more

City of Vancouver votes to demand fossil fuel companies pay their fair share

June 28, 2019June 28, 2019 by The Canadian Press

Vancouver city council has voted in favour of a motion that demands global fossil fuel companies pay their share of costs arising from climate change.
The motion, which passed 7-4, points to a B.C. government report that projects the City of Vancouver…

Five Things to Know in World Business Today

June 28, 2019 by EnergyNow Media

By Lorcan Roche Kelly Jun 28, 2019 (Bloomberg) All eyes on the G-20, banks rally on stress tests, and there’s still no inflation. Here are some of the things people in markets are talking about today. Meetings The G-20 meetings have begun in Japan, and President Donald Trump has already met several world leaders including Russia’s … Read more

OPEC Keen to Extend Cut, Russia Is Circumspect: Reality Check

June 28, 2019 by EnergyNow Media

By Christopher Sell (Bloomberg) –For an OPEC+ meeting in which the key decision over an output-cut extension is supposedly “in the bag,” according to Saudi Arabia’s Energy Minister Khalid Al-Falih, Monday’s gathering in Vienna could be as closely watched as any during the three-year coalition.The Organization of Petroleum Exporting Countries and its allies convene next … Read more

Five Years After Crude’s Collapse, U.S. Shale Patch Still Struggles

June 28, 2019 by EnergyNow Media

By Rachel Adams-Heard Jun 28, 2019 It’s been five years since crude started a precipitous drop that eventually saw it hit a low of $26 a barrel. While prices have recovered some of the lost ground, shale producers are still feeling the pain.Oil’s 76% collapse from almost $108 a barrel in June 2014 was the … Read more

Paramount Resources Ltd. Announces the Sale of its Karr 6-18 Natural Gas Facility for Cash and Other Considerations of $470 million

June 28, 2019June 28, 2019 by EnergyNow Media

June 28, 2019 CNW CALGARY, June 28, 2019 /CNW/ – Paramount Resources Ltd. (ʺParamountʺ or the ʺCompanyʺ) is pleased to announce that it has entered into an agreement with an affiliate of CSV Midstream Solutions Corp. (ʺCSV Midstreamʺ) for the sale of its Karr 6-18 natural gas facility and related midstream assets (the ʺ6-18 Facilityʺ) for total cash consideration … Read more

TC Energy launches binding open season for the Keystone Pipeline System

June 28, 2019 by EnergyNow Media

June 27, 2019 | Source: TC Energy Corporation CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today launched an open season to solicit binding commitments for crude oil transportation services on the Keystone Pipeline System from Hardisty, Alberta to markets on the U.S. Gulf Coast. Interested … Read more

Pulse Seismic Inc. Announces $7.0 Million Seismic Data Licensing Sale

June 28, 2019 by EnergyNow Media

June 27, 2019 | Source: Pulse Seismic Inc. CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce it has completed a $7.0 million sale of 3D seismic data. The sale consists of both a transaction-based obligation along with a new licence for additional 3D data. … Read more

Mexico’s president defiant in row with Canada over pipeline contracts

June 28, 2019 by EnergyNow Media

June 27, 2019 Reuters Mexico’s president on Thursday pushed backed against Canadian concerns that gas pipeline contracts awarded under his predecessor’s government might not be honored, saying the terms of the agreements were ‘abusive’ towards the state.Mexican state power utility CFE said on Tuesday it would seek to negotiate a “fairer” resolution to contractual disputes over … Read more

Private Investor Acquires 19.96% of the Shares of Cequence Energy Ltd.

June 28, 2019 by EnergyNow Media

June 27, 2019 Globe Newswire CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) — Mr. G.A. Cumming announces the acquisition of 7,737,108 common shares (“Common Shares”) of Cequence Energy Ltd. (“Cequence”) as part of a larger private placement of flow-through common shares of Cequence (the “Private Placement”) completed today. Under the Private Placement, Cequence issued a … Read more

Cequence Energy Ltd. Announces the Completion of Its Private Placement, Debt Transaction and Results of Its Annual General and Special Meeting of Shareholders

June 28, 2019 by EnergyNow Media

June 27, 2019 Globe Newswire CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce the successful completion today of its previously announced private placement of common shares (the “Private Placement”), $10 million principal repayment on its $60 million term loan, as well as the … Read more

Canadian Natural Resources Limited Completes the Acquisition of Substantially All of the Assets of Devon Canada Corporation

June 28, 2019 by EnergyNow Media

June 27, 2019 Globe Newswire CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that the agreement to acquire substantially all of the assets of Devon Canada Corporation (“Devon”) has been completed. Canadian Natural welcomes approximately 720 high caliber Devon employees to its thermal in situ, primary … Read more

B.C. to argue for injunction on Alberta’s turn-off-the-taps law in Calgary court

June 28, 2019June 28, 2019 by The Canadian Press

CALGARY — British Columbia’s request for an injunction against Alberta’s so-called turn-off-the-taps law is to be heard in a Calgary courtroom today.
The legislation allows Alberta to crimp energy shipments to B.C. if it stands in the way of a major p…

Alberta raises oil quotas for August as rail exports grow, storage levels slip

June 28, 2019June 28, 2019 by The Canadian Press

CALGARY — The Alberta government says it will ease its oil production curtailment program by 25,000 barrels per day in August.
The province is citing growing crude-by-rail capacity, declining oil inventory levels and improved efficiencies in export pi…

Natural Gas is Greatly Unappreciated in Canada – Watch the Video Interview with Birchcliff’s VP Operations

June 28, 2019June 28, 2019 by EnergyNow Media

A great video interview with VP Ops. Dave Humphreys, at the Canada Gas & LNG Exhibition in Vancouver, BC. Too often the value proposition of natural gas is unappreciated. How can the industry place better emphasis on the value and build public support in Canada.

No pipeline fireworks as Western premiers emerge from annual meeting in Edmonton

June 28, 2019June 28, 2019 by The Canadian Press

EDMONTON — Canada’s western and northern leaders pushed Thursday for reducing trade barriers and building trade corridors while avoiding a bunfight on the contentious Trans Mountain pipeline.
Alberta Premier Jason Kenney and his B.C. counterpart John …

Alberta seeks to offload crude by rail program by fall

June 27, 2019 by EnergyNow Media

June 27, 2019 Reuters Alberta Energy Minister Sonya Savage said on Thursday the Canadian province hoped to divest the government’s crude by rail program to the private sector by fall, and has hired Canadian Imperial Bank of Commerce to oversee the move.The provincial government, led by Premier Jason Kenney, was sworn in in April and … Read more

Razor Energy Receives Funding for Geothermal Power Project

June 27, 2019 by EnergyNow Media

June 27, 2019 Globe Newswire CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) (www.razor-energy.com) and its partners, the federal government, through Natural Resources Canada (“NRCan”) and Alberta Innovates, are pleased to announce the funding of a co-produced geothermal electricity project utilizing an active oil and gas … Read more

Pipeline spill spoils geothermal project announcement for oil company

June 27, 2019June 27, 2019 by The Canadian Press

CALGARY — A junior oil company is announcing government funding for an environmentally friendly geothermal power project at the same time that it is cleaning up a spill of oil and water from a pipeline in northern Alberta.
Calgary-based Razor Energy C…

Hemisphere Energy commences 2019 drill program

June 27, 2019 by EnergyNow Media

June 27, 2019 CNW TSX-V: HME- VANCOUVER, June 27, 2019 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) is pleased to announce it has started operations for its 2019 drilling program. After posting record corporate revenue, production, and funds flow from operations for the first quarter, Hemisphere has now commenced its 2019 drilling program in southern Alberta with … Read more

Five Things to Know in World Business Today

June 27, 2019 by EnergyNow Media

By Lorcan Roche Kelly Jun 27, 2019 (Bloomberg) —Path to a G-20 breakthrough remains unclear, euro-area confidence drops to lowest level in three years, and Fed sets the size of Wall Street payouts. Here are some of the things people in markets are talking about today. Talks about talks Optimism is growing that President Donald Trump … Read more

OPEC+ Grapples Oil Risks From Trade War to Mideast Conflict

June 27, 2019June 27, 2019 by EnergyNow Media

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

By Grant Smith Jun 27, 2019 (Bloomberg) OPEC and its allies look set to stick with their current strategy when they meet next week, renewing a deal to restrain oil supplies to prop up prices. But in a market clouded by uncertainties, they’ll probably also hint at how the policy may change.As oil demand falters … Read more

Oil Retreats From Five-Week High as Trump Damps Trade Optimism

June 27, 2019 by EnergyNow Media

By Rakteem Katakey and Sharon Cho (Bloomberg) –Oil retreated from a five-week high in New York after U.S. President Donald Trump warned he might impose substantial additional tariffs on Chinese imports.Futures fell as much as 1.1% after closing 2.7% higher on Wednesday as government data showed U.S. crude stockpiles dropped the most since September 2016. … Read more

Freehold Royalties Ltd. Unveils its Inaugural Environmental, Social & Governance Report

June 27, 2019 by EnergyNow Media

June 26, 2019 | Source: Freehold Royalties Ltd. CALGARY, Alberta, June 26, 2019 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) is pleased to announce that it has unveiled its inaugural Environmental, Social and Governance (ESG) report. The ESG report demonstrates our commitment to accountability and is consistent with our strategy of providing a lower-risk investment … Read more

PERSPECTIVE: Here’s How Climate Change Is Viewed Around the World

June 27, 2019June 27, 2019 by EnergyNow Media

By Alan Crawford Jun 25, 2019 (Bloomberg) Wildfires in California and Siberia. Floods wiping out grain harvests in Argentina. Droughts forcing water restrictions in Cape Town and affecting shipping on Germany’s Rhine River. Climate change is global in nature, and is creeping higher in surveys of voter concerns. In some countries it’s at or near the … Read more

Falcon Equipment Announces Opening of a New Branch in Leduc, Alberta in August 2019

June 27, 2019 by EnergyNow Media

Leduc, AB June 25, 2019 – Falcon Equipment has officially announced that they will be opening a new branch in Leduc, Alberta (6803 42 Street) as of August 2019. The Falcon Alberta branch will be offering sales, service (shop and mobile), rentals and parts support for a majority of their core product lines. “This is … Read more

GREAT WATCH: Rex Murphy at the recent Saskatchewan Oil & Gas Show

June 27, 2019June 27, 2019 by EnergyNow Media

Rex Murphy at Saskatchewan Oil and Gas Show 2019 Rex Murphy was the headline speaker at the Saskatchewan Oil and Gas Show in Weyburn, SK.

Pieridae Energy buying Shell Alberta natural gas assets to feed LNG plant

June 27, 2019June 27, 2019 by The Canadian Press

CALGARY — A company planning to build an LNG export facility in Nova Scotia says it is buying southern Alberta natural gas assets from the Canadian arm of British-Dutch giant Royal Dutch Shell.
Pieridae Energy Ltd. says it has agreed to pay $190 milli…

Gas prices could rise after fire-stricken refinery closes

June 27, 2019June 27, 2019 by The Canadian Press

The largest oil refinery on the East Coast said Wednesday that it will close after a devastating fire last week that set off explosions and damaged equipment, and analysts said consumers could see gas prices rise as summer travel hits full swing.
Phil…

Why the Liberals may as well scrap their carbon tax – it has to be much higher to work – CTF

June 27, 2019June 27, 2019 by EnergyNow Media

by Aaron Wudrick, Federal Director When future historians retrace the rise and fall of carbon taxes in Canada, they may well conclude that last week was the point at which policy’s decline became irreversible. That’s because it was the week when the Trudeau Liberals gave up insisting that a carbon tax is the best way … Read more

Pieridae Energy to Purchase Shell Canada Foothills-Area Production & Assets: 28,623 BOE/d and Associated Midstream Assets, Including Three Deep-Cut Gas Plants

June 26, 2019 by EnergyNow Media

June 26, 2019 Globe Newswire Highlights: Acquisition immediately accretive to the Company Another major step forward, now fully supplying Train 1 at the Goldboro LNG facility Pieridae becomes a major player in the Alberta midstream and upstream industry Shell Canada Energy to take an equity stake in Pieridae Other key stakeholders to increase their ownership positions … Read more

Woodfibre LNG Signs Foundation Customer

June 26, 2019 by EnergyNow Media

June 26, 2019 VANCOUVER, June 26, 2019 /CNW/ – Pacific Oil & Gas Limited (PO&G) today announced that its wholly-owned subsidiary, Woodfibre LNG Export Pte Ltd. (Woodfibre LNG Export), has signed a binding LNG Sales and Purchase Agreement (SPA) with BP Gas Marketing Limited (BP), a wholly-owned indirect subsidiary of BP Plc, for the delivery of liquefied … Read more

Advisory: Clarifies June 17 item about Trans Mountain expansion

June 26, 2019 by The Canadian Press

OTTAWA — In a Five Things item June 17 about the Trans Mountain expansion, The Canadian Press described diluted bitumen — a chemically modified form of the primary resource from Alberta’s oilsands — as being more expensive to produce than conventional…

Five Things to Know in World Business Today

June 26, 2019 by EnergyNow Media

By Lorcan Roche Kelly Jun 26, 2019 (Bloomberg) U.S. said to delay China tariffs, companies find their Huawei loophole, and bitcoin surges. Here are some of the things people in markets are talking about today. Peace talks The U.S. is willing to suspend the next round of tariffs on an additional $300 billion of Chinese imports as both sides … Read more

Oil Jumps to Four-Week High on Report of Falling U.S. Stockpiles

June 26, 2019 by EnergyNow Media

By Saket Sundria and Grant Smith Jun 26, 2019 (Bloomberg) Oil rose to a four-week high after an industry report signaled a bigger-than-forecast drop in U.S. crude stockpiles, adding impetus to a rally that’s been driven by a tense standoff between Washington and Tehran.Futures in New York gained as much as 2.3%. The American Petroleum … Read more

OPEC Member Fans Out to Australia and Canada in Global Gas Push

June 26, 2019June 26, 2019 by EnergyNow Media

By Fiona MacDonald Jun 26, 2019 (Bloomberg) Kuwait plans to boost production from Canadian shale deposits by two thirds and increase output of natural gas in Australia as the OPEC member ramps up efforts to find and develop overseas deposits of the fuel.The international upstream arm of state-owned Kuwait Petroleum Corp. sees output of almost … Read more

Dumping Oil Stocks Proving Hard to Explain for Crude-Rich Norway

June 26, 2019 by EnergyNow Media

By Mikael Holter Jun 25, 2019 (Bloomberg) Norway is finding it hard to convince the world that its $1 trillion wealth fund’s divestment from oil stocks has nothing to do with climate change.Even the secretary general of the United Nations isn’t buying it: Norway’s Parliament has voted to divest the world’s largest sovereign wealth fund … Read more

Who’s Stocks are More Unpopular Than Frackers? The Guys Helping Them

June 26, 2019June 26, 2019 by EnergyNow Media

By Liam Denning Jun 25, 2019 (Bloomberg Opinion) Oil and gas producer stocks are deeply unpopular. Oilfield services stocks, on the other hand, are deeply, deeply unpopular: The oily water in which the services companies swim is the money that exploration and production firms spend – and it has dried up. Analysts at Morgan Stanley have just reduced their … Read more

STEP Energy Services Presents at the International Symposium on Applied Microbiology and Molecular Biology in Oil Systems with OSP Microcheck

June 26, 2019 by EnergyNow Media

Calgary, AB (June 26, 2019) – Last week microbiology and molecular biology thought leaders came together in Halifax at the International Symposium on Applied Microbiology and Molecular Biology in Oil Systems (ISMOS-7) – the largest event in its sector in the oil and gas industry. STEP Energy Services’ laboratory manager, Darren Maley, took part in a poster … Read more

Varcoe: Indigenous ownership of Trans Mountain moves closer to reality

June 26, 2019June 26, 2019 by EnergyNow Media

By Chris Varcoe Imagine First Nations across Western Canada being able to buy the lion’s share of the Trans Mountain pipeline from the federal government. Now, imagine it builds greater acceptance for the project. Finally, imagine the ownership generates $250 million a year for First Nations and Metis communities, with some of that money used … Read more

BC’s mandatory closure laws will force companies to spend up to $64 million on abandonments in the next 2.5 years – XI Technologies video

June 26, 2019 by EnergyNow Media

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. This week, we have created a video that looks at the financial impact of abandonment legislation on BC operators. If you’d like to receive our Wednesday Word to … Read more

Russia leads as top crude supplier to China, overtakes Saudi

June 25, 2019 by EnergyNow Media

June 25, 2019 Reuters Russia became the largest crude oil supplier to China in May, supported by robust demand from private refiners and alongside a fall in supplies from Iran.Imports from Russia came in at 6.36 million tonnes in May, or 1.50 million barrels per day (bpd), data from the General Administration of Customs showed on … Read more

Trust in Government: Canadians wary of politicians and their intentions – Augus Reid Institute

June 25, 2019 by EnergyNow Media

Federal candidates viewed less favourably than provincial or municipal candidates June 24, 2019 – And so the summer political season begins across Canada. Residents from coast to coast will bear witness to the migration of MPs from Parliament Hill to local backyard barbecues, offering handshakes to grown-ups, kisses to babies, and belly rubs to dogs. Elsewhere … Read more

FRASER INSTITUTE: Ottawa’s tax hike on high-income earners will take in less revenue than expected—and eventually less than if it hadn’t increased taxes at all

June 25, 2019June 25, 2019 by EnergyNow Media

Ottawa’s tax hike on high-income earners will take in less revenue than expected—and eventually less than if it hadn’t increased taxes at all TORONTO—The federal government’s recent tax increase on top earners will not raise the level of revenues expected and will eventually reduce government revenue, finds a study released today by the Fraser Institute, … Read more

Five Things to Know in World Business Today

June 25, 2019 by EnergyNow Media

By Lorcan Roche Kelly Jun 25, 2019 (Bloomberg) —Trump and Khamenei trade barbs, low hopes for a G-20 trade breakthrough, and Powell speaks in New York. Here are some of the things people in markets are talking about today. Throwing toys President Donald Trump’s announcement of sanctions on Iran’s supreme leader, Ayatollah Ali Khamenei, seem to be a … Read more

Oil Steadies as Iran Tensions Mingle With Economic Concerns

June 25, 2019 by EnergyNow Media

By Tsuyoshi Inajima and Grant Smith Jun 25, 2019 (Bloomberg) Oil steadied after rallying almost 8% in three days as investors weighed the risks of a supply disruption in the Middle East against concerns over the global economy and demand.Futures were little changed near $58 a barrel in New York. President Donald Trump imposed sanctions on Iran’s … Read more

FRAC SHACK ANNOUNCES SPONSORSHIP OF VETERANS PICNIC

June 25, 2019 by EnergyNow Media

ACHESON, Alberta, June 20, 2019—Frac Shack Inc. (“Frac Shack”) is proud to announce that it is the first sponsor of the American Chamber of Commerce in Canada (AmCham Canada) Veterans Picnic to be held on July 5th 2019, in Calgary, Alberta. This is a community event for veterans and their families to celebrate and show … Read more

OPERATE MORE EFFICIENTLY AND HELP INCREASE PROFITS – BDO

June 25, 2019 by EnergyNow Media

Billions of dollars in public and private capital projects are either planned or currently under construction, and businesses operating in the oil and gas sector need to prepare themselves to capitalize on opportunities. Those set to action operationally will make initial gains vis-a-vis their competitors, but it’s the businesses that marry their on-the-ground operational sophistication … Read more

SPECIAL GUEST INVITATION: 21st ANNUAL BIG GUNS STAMPEDE BREAKFAST – The Energy Industry’s Biggest Annual “Meet & Greet” Event

June 25, 2019June 25, 2019 by EnergyNow Media

We Would Love For You (and your guests) to Join Us as Our Special Guest(s) (Please let us know how many tickets would be required as entrance to Stampede grounds has to be accounted for) Western Canada’s Largest Energy Industry “Meet & Greet” Stampede Breakfast The 21st Annual BIG GUNS STAMPEDE BREAKFAST Each year, all … Read more

Here’s Why Oil’s Outlook Could Be Even Bleaker Than Expected

June 25, 2019June 25, 2019 by EnergyNow Media

By Bloomberg News Jun 24, 2019 (Bloomberg) As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month.While the Saudi Arabian-led efforts to restrain supply amid surging North American shale production … Read more

How the Trans Mountain green light could benefit First Nations

June 25, 2019June 25, 2019 by EnergyNow Media

The Canadian government has announced it’s going to restart the Trans Mountain pipeline expansion project. There are several Indigenous groups hoping to purchase an equity interest in Trans Mountain. Project Reconciliation, an Indigenous-led consortium of all Western Canadian First Nations who would like to participate, is proposing to purchase a majority share of the Trans Mountain pipeline and plans … Read more

WATCH! Alberta has earned right to be recognized for climate efforts: Greengate Power CEO

June 24, 2019June 24, 2019 by EnergyNow Media

Dan Balaban, founder and CEO of Greengate Power, says that the ramp up to the adoption of renewable energy will take time and in the meantime resource projects such as Trans Mountain need to be constructed.

IEA concerned about Middle East tensions, stands ready to act

June 24, 2019 by EnergyNow Media

June 24, 2019 Reuters The International Energy Agency (IEA) is very concerned about the impact that tensions in the Middle East may have on global energy security and will act if there is any physical disruption to supplies, its executive director said on Monday.Oil prices rose on Monday, extending large gains last week that were prompted … Read more

How To Escape The Digital Pilot Project Doldrums – Geoffrey Cann

June 24, 2019 by EnergyNow Media

Many digital companies seem trapped in a never-ending cycle of pilot projects and trials with oil and gas companies that never progress beyond the pilot stage to full deployment. And that’s a shame for both. Pilot Hell It never fails. I’m on a call with some digital entrepreneur proudly boasting their technology and the problems that it solves, and the conversation turns to where it’s installed. … Read more

Five Things to Know in World Business Today

June 24, 2019June 24, 2019 by EnergyNow Media

By Lorcan Roche Kelly Jun 24, 2019 (Bloomberg) Trump set to announce more Iran sanctions, Turkish assets rally as Erdogan loses vote, and the everything-rally continues. Here are some of the things people in markets are talking about today. What to sanction? President Donald Trump is threatening Iran with additional sanctions, which may be announced as soon … Read more

Oil Climbs to a Three-Week High as U.S.-Iran Tensions Simmer

June 24, 2019 by EnergyNow Media

By Saket Sundria and Grant Smith Jun 23, 2019 (Bloomberg) Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer, with President Donald Trump announcing plans for further sanctions against the OPEC member.Futures added as much as 1.4% in New York after surging 9.4% last … Read more

Imperial committed to long-term shareholder value

June 24, 2019 by EnergyNow Media

June 21, 2019 CALGARY, Alberta–(BUSINESS WIRE)–Imperial Oil Limited today announced it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to five percent of its 764,221,735 outstanding common shares as of June 13, 2019, or a maximum of 38,211,086 shares during the next 12 … Read more

Parkland Announces US$500 Million Offering of Senior Unsecured Notes

June 24, 2019 by EnergyNow Media

June 24, 2019 | Source: Parkland Fuel Corporation CALGARY, Alberta, June 24, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI), announced today that, subject to market conditions, it plans to commence a private offering of US$500 million aggregate principal amount of senior unsecured notes due 2027 (the “Offering”). Subject to … Read more

SURPLUS EQUIPMENT: Ariel JG-4 Reciprocating Compressor (Acid Gas), 150 hp GE 447T – Ironhub

June 24, 2019 by EnergyNow Media

Click here to see the specifications for Ariel JG-4 Reciprocating Compressor (Acid Gas), 150 hp GE 447T 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

WATCH! Premier Kenney responds to the Senate passing bills C-69 and C-48

June 24, 2019June 24, 2019 by EnergyNow Media

Premier Kenney responds to the Senate passing bills C-69 and C-48: NOTE: Video begins at 14 min mark.

Canada Weekly Rig Count Up 12 for Week Ending June 21, 2019

June 24, 2019June 24, 2019 by EnergyNow Media

Canada’s drilling rig count up 4 actively drilling rigs according to data collected by Baker Hughes for the week ending June 21, 2019. From one week ago, Alberta rig counts increased 7 to 63 and the Saskatchewan rig count increased 3 to 40. Oil drilling increased 11 to 80 and gas increased 1 to 39. … Read more

Alberta, Saskatchewan, Ontario criticize passage of federal environment bills

June 24, 2019June 24, 2019 by The Canadian Press

EDMONTON — Alberta Premier Jason Kenney says he will fight the passage of two federal environment bills on multiple fronts — starting in court.
Kenney says he is filing constitutional challenges to Bill C-48 and Bill C-69 because he believes they unfa…

Calgary selected by World Petroleum Council to host oil and gas forum in 2023

June 24, 2019June 24, 2019 by The Canadian Press

Calgary has been selected to host the World Petroleum Congress in 2023, beating out four other global cities in voting that took place in St. Petersburg, Russia.
The World Petroleum Council selected Calgary to host its global oil and gas forum in a fo…

Indigenous drummers lead pipeline protesters on 22-kilometre march in Victoria

June 23, 2019June 22, 2019 by The Canadian Press

VICTORIA — The government approval of the Trans-Mountain pipeline expansion won’t stop efforts in British Columbia to halt the project, protesters gathered outside Victoria’s city hall said Saturday.
About 300 demonstrators were adamant in their commi…

Explosions, fire rock US oil refinery; gas prices could rise

June 22, 2019June 21, 2019 by The Canadian Press

PHILADELPHIA — Explosions and a blaze at the largest oil refinery on the East Coast sent a fireball into the sky and shook homes before dawn Friday, though authorities reported only a few minor injuries and said the air was safe to breathe.
The fire a…

U.S. drillers add oil rigs for first week in three

June 21, 2019 by EnergyNow Media

June 21, 2019 Reuter Comments U.S. energy firms increased the number of oil rigs operating for the first time in the past three weeks as U.S. crude futures soared around 10% this week.Big energy price declines over the prior couple of months, however, prompted one analyst to cut rig count forecasts for 2019 and 2020. Companies … Read more

Regulator seeks opinions on Trans Mountain pipeline process resumption

June 21, 2019June 21, 2019 by The Canadian Press

CALGARY — The National Energy Board has issued a certificate for the Trans Mountain pipeline expansion after it was approved by Ottawa on Tuesday but is seeking input from affected parties and the public on its resumption of regulatory processes.
The …

Oil industry dismayed as contentious energy bills become law

June 21, 2019 by EnergyNow Media

June 21, 2019 Reuters Two pieces of legislation opposed by Canada’s oil and gas industry that fulfil Liberal government promises to protect the environment will become law on Friday. Bill C-69, which will overhaul environmental assessments for major resource and transportation projects like oil pipelines, and Bill C-48, which bans oil tankers from British Columbia’s … Read more

Five Things to Know in World Business Today

June 21, 2019 by EnergyNow Media

By Samuel Potter Jun 21, 2019 (Bloomberg) U.S. and Iran standoff continues, Boris is one step closer, and everything rallies except the dollar. Here are some of the things people in markets are talking about today. Tension grows As investors cheer central bankers saying some dovish stuff and the Brits waste time picking Boris (more on … Read more

Tidewater provides Operational Update and announces Q2 Dividend

June 21, 2019 by EnergyNow Media

June 21, 2019 CNW CALGARY, June 21, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX:TWM) is pleased to announce: that the Pioneer Pipeline, connecting Tidewater’s Brazeau River gas plant to TransAlta’s generating units at Keephills and Sundance, transported first gas four months ahead of schedule; that Tidewater expanded its gas storage facility at Pipestone and completed its natural gas pipeline … Read more

Angus Reid: Shovels in the ground: Majority say Liberals made right decision in approving TransMountain expansion

June 21, 2019 by EnergyNow Media

But will it be built? Six-in-ten say yes, while four-in-ten say they’re not convinced June 21, 2019 – Indigenous rights, economic debates, provincial tension, climate change and environmental protection; all of these are at the core of not only the TransMountain pipeline expansion (TMX) saga, but also the nearly four years of Justin Trudeau’s government. The … Read more

Bill C-48 to ban oil tankers in northern B.C. waters narrowly passes in Senate

June 21, 2019 by EnergyNow Media

Senate also passed a bill to improve environmental assessment rules CBC News A bill restricting oil tankers in British Columbia’s northern waters has narrowly passed the Senate. Bill C-48 bans tankers carrying more than 12,500 metric tonnes of oil from docking along B.C.’s north coast, an area that stretches from the northern tip of Vancouver … Read more

Five Things to Know in World Business Today

June 21, 2019 by EnergyNow Media

Oil Heads for Weekly Increase on Heightened U.S.-Iran Tensions

June 21, 2019June 21, 2019 by EnergyNow Media

By Sharon Cho and Grant Smith Jun 20, 2019 (Bloomberg) Oil in London headed for its biggest weekly gain since February as escalating tensions between the U.S. and Iran fanned fears of conflict that would disrupt energy supplies from the Middle East.Brent crude rose 0.5% on Friday, bringing its increase for the week to 4.5%. … Read more

Canada Becoming a ‘Banana Republic’ Over Energy, Grafton Says

June 21, 2019 by EnergyNow Media

By David Scanlan and Kelly Gilblom Jun 20, 2019 (Bloomberg) Canada risks becoming a “banana republic” for its restrictive energy policy and failure to attract new investment into the sector, according to a Calgary money manager. “We have had basically signs on our energy industry that Canada is closed for business,” Geeta Sankappanavar, co-founder of … Read more

Quality When It Matters Most – Hy-Lok Canada – The Best Fluid & Control Systems on the Market

June 21, 2019June 21, 2019 by EnergyNow Media

Quality design, competitive prices, and a reputation for customer service that can’t be beat; when it comes to finding the best fluid and control system solutions on the market, Hy-Lok Canada is your first-choice provider. Since 1977 we have become a leading manufacturer and distributor of one of the largest inventories of valves and fittings … Read more

Downhole Equipment Insurance – Cover Your Stuck or Lost Downhole Tools with Iridium Risk Services

June 22, 2020June 21, 2019 by EnergyNow Media

Iridium Risk Services is an industry leader in providing risk management advice and insurance solutions to companies operating in the energy sector. Servicing energy clients is our specialty and in listening to them, we’ve created a Downhole Equipment Insurance program that provides coverage for not only the expensive stuck or lost Bottom Hole Assembly, but … Read more

ARC Resources Ltd. Updates Its 2019 and 2020 Capital Expenditure Plans

June 20, 2019 by EnergyNow Media

June 20, 2019 CNW CALGARY, June 20, 2019 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC” or the “Company”) announced that its board of directors has approved a reduction to the Company’s 2019 capital expenditure program, from $775 million to $700 million. 2020 capital expenditures are expected to be in the range of $550 … Read more

Environmental assessment overhaul, tanker ban bills face final vote in Senate

June 20, 2019June 20, 2019 by The Canadian Press

OTTAWA — The Liberal government’s push to make climate change impacts part of the assessment process for new national resource projects faces its final hurdle today.
Bill C-69 is back in the Senate for another vote after the House of Commons rejected …

Five Things to Know in World Business Today

June 20, 2019 by EnergyNow Media

By Samuel Potter Jun 20, 2019 (Bloomberg) The dust settles post-Powell, central banks of England and Japan take a turn, and trouble in the Middle East. Here are some of the things people in markets are talking about today. The morning after Jerome Powell’s patience has run out, apparently. Possibly with President Donald Trump, with the … Read more

Oil Surges After Iran Downs U.S. Drone and Fed Signals Rate Cut

June 20, 2019 by EnergyNow Media

By Sharon Cho and Grant Smith Jun 19, 2019 (Bloomberg) Oil rose after Iran said it shot down a U.S. spy drone in its airspace, stoking Middle East tensions further after the attack on two tankers last week, while a more dovish stance from the Federal Reserve lifted financial markets.Futures climbed as much as 3.3% … Read more

Trudeau’s Crude Pipeline Set to Start Shipping Oil by 2022

June 20, 2019June 20, 2019 by EnergyNow Media

By Kevin Orland and Robert Tuttle Jun 19, 2019 (Bloomberg) The oil pipeline that Canadian Prime Minister Justin Trudeau’s government approved on Tuesday is slated to start shipping crude as early as 2022 and cost more than C$7.4 billion ($5.6 billion) after legal delays hampered the construction process.The Trans Mountain expansion, which would carry 590,000 more … Read more

OPEC’s Top 3 Put Group on Track to Extend Oil Cuts in July

June 20, 2019 by EnergyNow Media

Saudi Arabia's Oil Minister Khalid al-Falih talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader

By Mahmoud Habboush and Grant Smith Jun 19, 2019 (Bloomberg) OPEC is poised to extend oil-output cuts for the rest of the year when its members meet next month to assess supply and demand for crude.Saudi Arabia, Iraq and the United Arab Emirates — the group’s three biggest members — all want to keep restraining … Read more

Cordy Enters into Letter of Intent to Acquire Construction and Transportation Businesses

June 20, 2019 by EnergyNow Media

June 19, 2019 Source: Cordy Oilfield Services Inc. CALGARY, Alberta, June 19, 2019 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (“Cordy” or the “Company”) (CKK: TSX-V announces that it has entered into a non-binding letter of intent (the “LOI”) to acquire the business, including operating assets and business contracts (the “Business”), of three private companies … Read more

SURPLUS EQUIPMENT: Waukesha L5794LT Ariel JGK-4 Reciprocating Compressor (7 available), 1450 hp – Ironhub

June 20, 2019June 20, 2019 by EnergyNow Media

Click here to see the specifications for Waukesha L5794LT Ariel JGK-4 Reciprocating Compressor (7 available), 1450 hp 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

Interview with Ian Burgess, CTO of Validere (Pt2) – Geoffrey Cann

June 20, 2019June 20, 2019 by EnergyNow Media

In this week’s podcast, I am interviewing Ian Burgess, CTO of Validere. Validere is based in Toronto, and handles logistics, trading, and midstream operations through AI and IIoT platforms. In Today’s podcast, we discuss Validere’s history and some case examples of their technology in action. Note: At 22:19, there is a… Check out my new book, ‘Bits, Bytes, and Barrels: The Digital … Read more

Protests, legal challenges planned to block Trans Mountain pipeline expansion

June 20, 2019June 20, 2019 by The Canadian Press

VANCOUVER — Opponents of the Trans Mountain pipeline expansion are preparing for a long summer of legal challenges and protests aimed at blocking construction of the project.
Rueben George of the Tsleil-Waututh Nation said it will file a legal challen…

B.C. files second legal challenge against Alberta over turn-off-taps law

June 20, 2019June 20, 2019 by The Canadian Press

VANCOUVER — The British Columbia government has filed a second lawsuit against Alberta over its turn-off-the-taps legislation.
A statement of claim filed in Federal Court on June 14 is similar to a document filed last month in Alberta’s Court of Queen…

Canada’s Conservative leader unveils climate plan without carbon pricing

June 20, 2019June 20, 2019 by EnergyNow Media

June 19, 2019 Reuters Canada’s Conservative Party leader unveiled his long-awaited climate and environmental plan on Wednesday that would eliminate the current federal carbon pricing program and focus on promoting green technologies. For more than a year, Conservative chief Andrew Scheer, who is currently leading in the polls, has been promising to deliver a climate … Read more

Trans Mountain oil pipeline expansion may start in September

June 19, 2019June 19, 2019 by EnergyNow Media

June 19, 2019 Reuters CALGARY, Alberta/WINNIPEG, Manitoba, June 19 (Reuters) – Construction on expanding the Trans Mountain oil pipeline could begin in September, assuming the next regulatory steps go smoothly, the project’s chief executive said on Wednesday. The $7.4 billion project was stalled a year ago after a Canadian court ruled the federal government, which also … Read more

Trans Mountain CEO says shovels could be in ground on pipeline by September

June 19, 2019June 19, 2019 by The Canadian Press

CALGARY — The CEO of the Crown corporation building the Trans Mountain pipeline expansion says shovels could be in the ground by September following cabinet approval Tuesday of the long-delayed project.
Oil could be flowing in new segments of the pipe…

Federal Cabinet Approval of Trans Mountain Pipeline Project is only one Hurdle of Many the Canadian Government Needs to Jump June 19, 20191:34 AM BOE Report Staff

June 19, 2019 by EnergyNow Media

June 19, 2019 CALGARY, AB (June 18, 2019) – The Petroleum Services Association of Canada (PSAC) acknowledges the federal government’s approval of the Trans Mountain Expansion Project (TMEP) but notes there are more hurdles for the government to cross before the pipeline will be built. Gary Mar, President and CEO of PSAC, says, “The federal … Read more

An Open Letter to Tzeporah Berman – Julia McElgunn

June 19, 2019 by EnergyNow Media

Julia McElgunn Petroleum Geologist & Energy and Sustainability Advocate, P Geol, MSc Dear Ms. Berman, I hope this finds you well during this intense time in Canada’s Energy and Climate Change history. First of all, I wanted to say thank you for expressing yourself so clearly about your opinion on Canada’s energy situation. Unfortunately, you speak … Read more

Oil Steady as OPEC+ Sets Meeting Date and Trade Talks Revive

June 19, 2019June 19, 2019 by EnergyNow Media

By Rakteem Katakey and Sharon Cho Jun 18, 2019 (Bloomberg) Oil held steady in New York after rising the most in more than five months as OPEC set a date for its next meeting after a month of bickering, and the U.S. and China signaled trade talks would resume.Futures were little changed after climbing 3.8% … Read more

Five Things to Know About World Business Today

June 19, 2019 by EnergyNow Media

By Samuel Potter Jun 19, 2019 (Bloomberg) It’s Fed day, Trump-Xi trade meet is on, and Britain edges closer to a new leader. Here are some of the things people in markets are talking about today. Powell’s still here Despite the wishes of a certain person in the White House, Jerome Powell is still very much in … Read more

Gran Tierra Energy Inc. Announces Operations Update

June 19, 2019 by EnergyNow Media

June 19, 2019 | Source: Gran Tierra Energy Inc. CALGARY, Alberta, June 19, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operations update regarding activities and results during second quarter 2019 to date. All dollar amounts are in United States (“U.S.”) dollars unless otherwise indicated. Production amounts are unaudited and on … Read more

Canadian crude Gulf Coast exports rise as Venezuelan gap is filled

June 19, 2019 by EnergyNow Media

June 18, 2019 Reuters Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast. U.S. refiners have lined up larger supplies from Canada, Iraq and Colombia since Washington in January began choking off … Read more

Spain’s Repsol cutting Canadian staff by about 30% after global restructuring

June 19, 2019 by EnergyNow Media

June 18, 2019 Reuters Spanish oil company Repsol SA is cutting about 30% of its Canadian workforce, following a global restructuring process, the company confirmed in an emailed statement on Tuesday. “Repsol is constantly evaluating our activity and organization to drive continuous improvement and ensure the long-term sustainability of our business. This process has resulted … Read more

Federal cabinet ministers visit Edmonton, Calgary, in wake of TMX approval

June 19, 2019June 19, 2019 by The Canadian Press

EDMONTON — Two federal cabinet ministers are making appearances in Alberta today following the Trudeau government’s controversial second approval of the Trans Mountain pipeline expansion.
Natural Resources Minister Amarjeet Sohi is set to visit Trans …

Liberals Again Approve Trans Mountain, Economic Destruction of Oilpatch Continues

June 19, 2019June 19, 2019 by EnergyNow Media

By David Yager “If I am elected Prime Minister the Northern Gateway pipeline won’t become reality.”. So wrote Liberal leader Justin Trudeau on Twitter June 18, 2014. He repeated the promise on the campaign trail in September of 2015 prior to that year’s October election. Then on November 30, 2016, it was Prime Minister Trudeau … Read more

THE EDGE SOLUTION TO UNLOCKING OIL AND GAS DEALS

June 19, 2019 by EnergyNow Media

According to the Canadian Association of Petroleum Producers (CAPP), capital investment across Canada’s oil and natural gas industry is forecast to fall to $37 billion in 2019 compared to $81 billion in 2014. This drop will result in the lowest levels of capital investment since 2009. Market sentiment is pessimistic due to restricted tidewater access, … Read more

UNDERSTANDING OIL AND GAS METHANE EMISSIONS AND MITIGATION OPPORTUNITIES: PART 1

June 19, 2019 by EnergyNow Media

By Paul Paynter and Suzanne Johnston This blog post is the first installment in a two-part series about methane emissions, how they are created and why there’s push to reduce them. In the second post, we look at what is being done to help industry cut emissions to meet regulatory requirements. Market access, the scarcity and high cost of labour … Read more

OH DEER! WHAT YOU NEED TO KNOW ABOUT ALBERTA WILDLIFE SIGNAGE – IDENT OIL & GAS SIGNAGE

June 19, 2019 by EnergyNow Media

Wildlife signs have their purpose all year round, but we’ve seen a spike in orders recently and thought we’d lend a hand, so bear with us while we cover some basics. Typically speaking there are 4 types of wildlife signs: Stock Crossing Signs, Stock Warning Signs, Wildlife Information Signs, Invasive Species and Wildlife Warning Signs. … Read more

Right on time: how timing can impact your monetary return from the SR&ED program – TSGI Corp.

June 19, 2019 by EnergyNow Media

Timing is an important yet often overlooked factor when it comes to claiming SR&ED (Scientific Research & Experimental Development) tax credits. How can you strategically time your claim to increase your cash and tax credit refund? Filing deadline First things first: if you miss your filing deadline, you can’t receive credits for that fiscal year. … Read more

BC’s new mandatory closure timelines will keep companies hopping to meet first quota in 2021 – XI Technologies

June 19, 2019 by EnergyNow Media

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. In a move that other western Canadian provinces will be watching and … Read more

Project Reconciliation applauds TMX decision and support of Indigenous stake

June 19, 2019 by EnergyNow Media

TORONTO, June 18, 2019 /CNW/ – The federal government has made the right decision on expansion plans for the Trans Mountain pipeline, and its support for Indigenous peoples having an ownership stake is the right course. That’s the message Project Reconciliation, an Indigenous-led group working to buy a majority interest in the pipeline and expansion project, had after … Read more

Who said what in B.C. about the Liberals’ decision to green light Trans Mountain

June 19, 2019June 19, 2019 by The Canadian Press

VICTORIA — Here is some of the reaction in British Columbia to the decision by Prime Minister Justin Trudeau’s government to approve the Trans Mountain pipeline expansion:
“Today’s decision by the federal government sends a clear message to John Horga…

Take two: Alberta lauds federal re-approval of Trans Mountain pipeline project but no celebration yet

June 19, 2019June 19, 2019 by The Canadian Press

EDMONTON — Alberta Premier Jason Kenney is lauding the federal government’s decision to approve for a second time the construction of the Trans Mountain oil pipeline expansion project.
But Kenney says he won’t be celebrating until shovels are in the g…

CAODC calls Trans Mountain approval trivial in light of pending C-48 and C-69 legislation.

June 19, 2019June 19, 2019 by EnergyNow Media

The Canadian Association of Oilwell Drilling Contractors (CAODC) is calling the federal government’s decision to finally green light the Trans Mountain expansion “trivial” as the industry is five years into the worst recession in its history. If shovels hit the ground today, Canadian producers must still wait years for additional capacity, and with bills C-48 … Read more

Taxpayers Federation reacts to federal approval of Trans Mountain pipeline expansion

June 19, 2019June 19, 2019 by EnergyNow Media

Tuesday, Jun. 18, 2019 Taxpayers Federation reacts to federal approval of Trans Mountain pipeline expansion OTTAWA, ON: Canadian Taxpayers Federation Federal Director Aaron Wudrick released the following statement in response to the Trudeau government’s decision to approve expansion of the Trans Mountain pipeline: “We applaud the decision of the Trudeau government to finally move ahead … Read more

Business leaders welcome pipeline approval but fear it may not be completed

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

CALGARY — Business leaders say they are pleased with news that Ottawa has re-approved the Trans Mountain pipeline expansion but will hold off on popping champagne corks until construction begins on new pipe from Edmonton to the West Coast.
Jack Mintz,…

Trudeau approves expansion of crude oil pipeline, says legal challenges likely

June 18, 2019 by EnergyNow Media

June 18, 2019 Reuters Trudeau, as expected, approved the proposal to expand the crude oil pipeline Canada bought last year. Construction on the expansion of the Trans Mountain pipeline is planned to start this year, Prime Minister Justin Trudeau told a news conference. A senior government official, speaking on condition of anonymity, earlier said Ottawa … Read more

Trans Mountain timeline: A look at key dates in the project’s history

June 18, 2019 by The Canadian Press

OTTAWA — The federal cabinet’s long-awaited decision on the Trans Mountain pipeline expansion is due Tuesday. Here are some other key dates in the history of the original project and Kinder Morgan Canada’s controversial efforts to expand its capacity:…

B.C. First Nation plans legal challenge over Trans Mountain decision

June 18, 2019June 18, 2019 by The Canadian Press

VANCOUVER — A British Columbia First Nation is promising a legal challenge of the federal government’s decision to approve the Trans Mountain pipeline expansion, while the premier says his government will continue to defend the province’s coast.
Envir…

Point Loma Resources Announces Initial Production From Wizard Lake Rex Oil Discovery and Announces June 19th Live Webinar at 11:00am PT (2:00pm ET)

June 18, 2019 by EnergyNow Media

June 18, 2019 Accesswire CALGARY, ALBERTA / ACCESSWIRE / June 18, 2019 / Point Loma Resources Ltd. (TSX-V: PLX) (the “Corporation” or “Point Loma“) is pleased to announce first oil production from the Corporation’s Wizard Lake Rex oil discovery and provides an operational update. Point Loma would also like to announce that it will be hosting a … Read more

N.L. premier says he will take Ottawa to task over joint management of resources

June 18, 2019June 18, 2019 by The Canadian Press

ST. JOHN’S, N.L. — As senators debate the fate of Ottawa’s bill on resource project assessments, Newfoundland and Labrador’s premier says he’ll do whatever it takes to ensure his province remains globally competitive.

Premier Dwight Ball said Tuesday…

Five Things to Know About World Business Today

June 18, 2019June 18, 2019 by EnergyNow Media

By Samuel Potter Jun 18, 2019 (Bloomberg) The Fed meets after some soft data, tensions simmer in a series of global hot spots, and Airbus is dominating in Paris. Here are some of the things people in markets are talking about today. Central bank-fest They aren’t the biggest data points, but the numbers released on Monday … Read more

An Obscure Hydrocarbon Contains Bad News for Global Economy

June 18, 2019June 18, 2019 by EnergyNow Media

By Prejula Prem and Jack Wittels Jun 18, 2019 (Bloomberg) An obscure product made by oil refineries has a grim story to tell investors right now about the fortunes of the global economy.That product is naphtha, something used to make a vast array of goods while also being integral to churning out gasoline. Oil refiners’ … Read more

OPEC+ Proposes Mid-July Meeting to Settle Dispute Over Dates

June 18, 2019 by EnergyNow Media

By Golnar Motevalli, Grant Smith and Salma El Wardany Updated on Jun 18, 2019 (Bloomberg) OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts, after talks between Russia and Iran made some progress toward resolving a standoff over the date.The oil producers group, which pumps more than half the world’s … Read more

The World Will Get Half Its Power From Wind and Solar by 2050

June 18, 2019June 18, 2019 by EnergyNow Media

By Millicent Dent and Christopher Martin Jun 18, 2019 (Bloomberg) —Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet.That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump $13.3 trillion into new projects, according … Read more

Webinar: Effective management of Asset Retirement Obligations (ARO) – Thursday June 20th! Details & Registration

June 18, 2019June 18, 2019 by EnergyNow Media

Whether it’s for financial reporting or bank credit redetermination, operators across the WSCB are finding they need to pay closer attention to how they evaluate, make decisions, and report on asset retirement obligations, or ARO. XI Technologies has addressed the stumbling blogs, introduced standardized methodologies, and simplified the ARO process with the industry’s first ARO … Read more

Deadline for cabinet to decide future of Trans Mountain expansion is today

June 18, 2019June 18, 2019 by The Canadian Press

OTTAWA — The federal government is widely expected to green light the Trans Mountain expansion project a second time today but, even with a Yes vote, construction is likely weeks, if not months away.
The federal cabinet will be reconsidering the proje…

Liberals’ balancing act between energy and the environment climaxes this week

June 18, 2019June 18, 2019 by The Canadian Press

OTTAWA — The federal Liberal government is teetering on a tightrope this week as it attempts to prove it can balance economic development with environmental protection during the final sitting of Parliament before the fall election.
Bill C-69, legisla…

Trudeau Poised to Advance Pipeline to Quell Oil Industry Furor

June 17, 2019 by EnergyNow Media

By Theophilos Argitis, Kevin Orland and Robert Tuttle Jun 17, 2019 (Bloomberg) Justin Trudeau is poised to give the green light to a major crude pipeline as he faces rising calls to support Canada’s struggling oil industry.The prime minister’s cabinet is widely expected to give the go-ahead at a meeting Tuesday to the expansion of the Trans … Read more

Say Yes to TMX and Make it a Pipeline to Reconciliation

June 17, 2019 by EnergyNow Media

Calgary, June 17—An Indigenous-led group that wants to buy a majority interest in the Trans Mountain pipeline and expansion project says the federal government must let the expansion proceed. A decision is expected to be delivered tomorrow. Project Reconciliation says the government should also ensure Indigenous Peoples are included when the time comes to sell … Read more

Oil and gas sector cautious as clock ticks down to Trans Mountain decision

June 17, 2019June 17, 2019 by The Canadian Press

CALGARY — Observers on the front lines of Western Canada’s oil and gas sector are looking forward to what’s widely expected to be approval of the Trans Mountain pipeline expansion on Tuesday.
But they acknowledge the expected decision by the Liberal c…

Tourmaline Oil Corp. Intends to Make Normal Course Issuer Bid

June 17, 2019 by EnergyNow Media

June 17, 2019 CNW CALGARY, June 17, 2019 /CNW/ – Tourmaline Oil Corp. (TSX – TOU) (“Tourmaline“) is pleased to announce that it intends to make a normal course issuer bid (the “NCIB“) to purchase its common shares. The NCIB is subject to approval by the Toronto Stock Exchange (the “TSX“), and if approved, will be made in … Read more

Trans Mountain Expansion Project must be approved and start construction immediately: CAPP

June 17, 2019 by EnergyNow Media

June 17, 2019 CNW CALGARY, June 17, 2019 /CNW/ – The Canadian Association of Petroleum Producers (CAPP) issued a statement on the Trans Mountain Expansion Project (TMEP) today in advance of the Government of Canada’s expected announcement on June 18. The Trans Mountain Expansion Project must be approved and its construction must begin early this summer. If the project gets stalled … Read more

Delphi Energy Corp. Announces Sale of a Portion of Its Excess Alliance Service and Provides Credit Facility Update

June 17, 2019 by EnergyNow Media

June 17, 2019 Globe Newswire CALGARY, Alberta, June 17, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the sale of a portion of its Alliance Service and an extension to its senior credit facility. SALE OF A PORTION OF EXCESS ALLIANCE FIRM TRANSPORTATION SERVICE Delphi has entered into a binding agreement to sell and permanently assign … Read more

Trans Mountain pipeline expansion: Five things to know about the project

June 26, 2019June 17, 2019 by The Canadian Press

OTTAWA _ The federal cabinet’s long-awaited decision on the Trans Mountain pipeline expansion is due Tuesday. Here are five things to know about the project.
1. What is it?
There is an existing, 1,150-km pipeline carrying crude and refined oil product…

Trans Mountain timeline: A look at key dates in the project’s history

June 17, 2019 by The Canadian Press

WATCH: “A Stranded Nation” – Pipelines, The Oil & Gas Sector and the Benefits to All Canadians

June 17, 2019June 17, 2019 by EnergyNow Media

The environment is arguably the most debated topic of modern Canadian politics. The use of hydrocarbons has become a central political discourse within Canada. The decision to build a national pipeline to meet international demand has left Canadians divided and uncertain. A Stranded Nation is a documentary about our national interests, a competitive oil and … Read more

Why Blockchain Isn’t Just a Buzzword (Anymore) – Koleya Karringten

June 17, 2019 by EnergyNow Media

In my years as an entrepreneur, it’s been hard not to notice that there always seems to be a ‘next big thing’ projected to completely transform the way we do business, communicate or power our world. Sometimes, it’s easy to get jaded – how many earth-shaking inventions never seem to get off the ground? It’s … Read more

COURSE (July 8-9) – Piping & Instrumentation Diagrams and Engineering Drawings Interpretation – ACM Facility Safety

June 17, 2019June 17, 2019 by EnergyNow Media

July 8-9, 2019 Calgary, AB Knowing the basics allows people to make their facilities and the world a safer place! Learning to interpret information on Piping and Instrumentation Drawings (P&ID) will set you apart from your peers, whether you are an Operator, EIT, Engineer, or Manager In this fundamental course you will learn: ✔ How to … Read more

G-20 Energy Ministers Highlight Security After Tanker Attacks

June 17, 2019 by EnergyNow Media

Jun 16, 2019 by Tsuyoshi Inajima (Bloomberg) G-20 energy ministers who met in Japan over the weekend highlighted the importance of energy security in a communique issued at the end of the conference, just days after two tankers were attacked near the Strait of Hormuz.“In light of recent developments highlighting concerns about energy security, the G20 Energy Ministers acknowledge … Read more

Five Thing to Know in World Business Today

June 17, 2019 by EnergyNow Media

Jun 17, 2019 by Samuel Potter (Bloomberg) Trade and policy battle for investor attention, 2 million people flood the streets of Hong Kong, and it’s the Paris Air Show. Here are some of the things people in markets are talking about today. Trade vs. central bankers With rate decisions in the U.S., the U.K. and Japan this week to … Read more

Saudi Arabia Hopes to Extend OPEC+ Production Cuts by Early July

June 17, 2019 by EnergyNow Media

Jun 16, 2019 by Tsuyoshi Inajima (Bloomberg) Saudi Arabia hopes OPEC and its allies will agree to extend oil production cuts into the second half of the year at a meeting that will probably take place in the first week of July, according to the country’s energy minister.“We are hoping that we will reach consensus to extend … Read more

Oil prices rise after tanker attacks stoke Middle East tensions

June 17, 2019 by EnergyNow Media

June 17, 2019 Reuters Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week. U.S. West Texas Intermediate (WTI) crude futures were up 17 cents, or 0.3%, at $52.68 a … Read more

Do You Have a Positive Air Shut-Off Systems (PASS) to Protect Your Equipment? – Shocker PASS by Headwind Solutions

June 17, 2019June 17, 2019 by EnergyNow Media

You can protect your equipment from the dangers of exposure to diesel engine runaway with Positive Air Shutoff Systems (PASS). Many catastrophic accidents —including some major disasters, where people tragically lost their lives — have happened because diesel engines were not equipped with PASS. Commonly referred to as an air intake shutoff valve, e-kill (electric/electronic … Read more

Alberta energy war room must avoid online morass, preaching to choir: experts

June 17, 2019June 17, 2019 by The Canadian Press

CALGARY — Tzeporah Berman only learned of her cameo appearance at an Alberta government news conference about its so-called energy war room after a flood of nasty messages.
Industry advocate Robbie Picard held a poster calling the prominent environmen…

First Nations nearing a bid to secure Trans Mountain ownership

June 17, 2019 by EnergyNow Media

Project Reconciliation’s Managing Director Steve Mason provides an update on how pipeline-ownership talks between Indigenous groups and the federal government have been developing. Original

Canada Weekly Rig Count Up 4 for Week Ending June 14, 2019

June 17, 2019June 17, 2019 by EnergyNow Media

Canada’s drilling rig count up 4 actively drilling rigs according to data collected by Baker Hughes for the week ending June 14, 2019. From one week ago, Alberta rig counts decreased 7 to 56 and the Saskatchewan rig count increased 12 to 37. Oil drilling increased 10 to 69 and gas decreased 6 to 38. … Read more

First Nations Coalitions Prepare for a Possible Greenlight of the Trans Mountain Expansion Tomorrow – Maureen McCall

June 17, 2019 by EnergyNow Media

by Maureen McCall When the Federal Liberals announced last May that they were buying the Trans Mountain pipeline for $4.5B to ensure the expansion would be built, Finance Minister Bill Morneau stated the project was in the national interest, and proceeding with it will preserve jobs, reassure investors and get resources to world markets. He … Read more

Federal cabinet decision on fate of Trans Mountain pipeline due Tuesday

June 17, 2019 by The Canadian Press

OTTAWA — The Liberal government’s $4.5-billion gamble to buy the Trans Mountain pipeline in a bid to get it expanded will come to a head on Tuesday when the federal cabinet decides whether to sign off on the project for a second time.
Natural Resource…

First Nations Collaboration and Ownership of Energy Companies – Calgary Petroleum Club -June 20, 2019

June 18, 2019June 16, 2019 by EnergyNow Media

CAPP’s November 2018 economic report, “Toward a Shared Future: Canada’s Indigenous Peoples and the Oil and Natural Gas Industry” states that Canada’s oil and natural gas industry has an important opportunity to enhance its relationship with Indigenous peoples by working to support the broader reconciliation process and Indigenous self-determination. Increasingly, Indigenous communities are seeking deeper … Read more

No business case for Trans Mountain expansion, says former environment minister

June 15, 2019June 15, 2019 by The Canadian Press

VANCOUVER — A former Liberal environment minister is urging Prime Minister Justin Trudeau’s cabinet to reject the Trans Mountain pipeline expansion, arguing there is no economic basis for the project.
David Anderson, who served 10 years in the cabinet…

US says video shows Iran removing mine from stricken tanker

June 16, 2019June 14, 2019 by The Canadian Press

DUBAI, United Arab Emirates — The U.S. military released a video Friday it said showed Iran’s Revolutionary Guard removing an unexploded limpet mine from one of the oil tankers targeted near the strategic Strait of Hormuz, suggesting Tehran wanted to …

Crude Posts Weekly Decline as Demand Fears Blunt Tanker Attacks

June 14, 2019 by EnergyNow Media

Jun 13, 2019 by Rita Devlin Marier (Bloomberg) Oil posted a weekly decline as the escalating U.S.-China trade war and swelling American stockpiles overshadowed tanker attacks in the Middle East.Futures settled up 0.4% in New York on Friday but still closed the week down 2.7%. London-traded contracts slid for a fourth straight week. The White House blamed Iran for … Read more

To hit environment goals, feds should create ‘super’ tax credit, report says

June 14, 2019 by The Canadian Press

OTTAWA — A government-struck expert panel is calling for new “super-deduction” tax credits to encourage Canadians to put their retirement savings into climate-conscious investments.
The report delivered Friday to Finance Minister Bill Morneau says the…

EnergyNow GUEST INVITATION: 21st ANNUAL BIG GUNS STAMPEDE BREAKFAST – The Energy Industry’s Biggest Annual “Meet & Greet” Event

June 14, 2019 by EnergyNow Media

We Would Love For You to Join Us as Our Special Guest Western Canada’s Largest Energy Industry “Meet & Greet” Stampede Breakfast The 21st Annual BIG GUNS STAMPEDE BREAKFAST Each year, all areas of the Energy Industry come to this grand event to Meet, Great & Network This year will be no different, only better! … Read more

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

June 14, 2019 by EnergyNow Media

June 14, 2019 U.S. energy firms reduced the number of oil rigs operating for a second week in a row, with the country’s production growth expected to slow as crude prices dropped close to their lowest levels of the year and most drillers cut spending. Drillers cut one oil rig in the week to June … Read more

Ex-SNC-Lavalin CEO Neil Bruce says succession process began in 2018

June 14, 2019June 14, 2019 by The Canadian Press

MONTREAL — Neil Bruce, who stepped down abruptly as head of SNC-Lavalin Group Inc. on Tuesday, says the process to replace him was in the works for at least six months.
Bruce says in a LinkedIn post that the process started last year and notes that hi…

Election a chance to toughen climate-change targets: McKenna

June 14, 2019June 14, 2019 by The Canadian Press

OTTAWA — Environment Minister Catherine McKenna is hinting that the upcoming Liberal election platform will promise deeper cuts to greenhouse-gas emissions, including the possibility of legislating targets.
McKenna says her focus for now remains on Ca…

Schulich Buys 5% of MEG Energy Despite Canadian Energy Concerns

June 14, 2019 by EnergyNow Media

Jun 13, 2019 by Doug Alexander and Michael Bellusci (Bloomberg) Canadian investor Seymour Schulich said he bought about 5% of MEG Energy Corp. for the first time “in the last couple of weeks,” underscoring his bullish view on energy despite his concerns that Canada is squandering its resource legacy.“We’ve got a window here and it’s somewhere between … Read more

Five Things to Know in World Business Today

June 14, 2019 by EnergyNow Media

Jun 14, 2019 by Samuel Potter (Bloomberg) Trouble with Tehran, companies lobby Trump on tariffs, and a new era for White House communications. Here are some of the things people in markets are talking about today. Risky business Given all the angst over trade and growth coursing through financial markets, a sudden uptick in geopolitical tensions is ill-timed, … Read more

Oil Set for Weekly Loss as Demand Fears Eclipse Mideast Tension

June 14, 2019 by EnergyNow Media

by Heesu Lee and Grant Smith (Bloomberg) Oil headed for a weekly decline as the tanker attacks in the Middle East were overshadowed by a deepening trade war and swelling U.S. stockpiles.Futures slipped in New York on Friday and were poised for a 3.4% weekly loss. The White House blamed Iran for the attacks near the Strait of … Read more

Hydrogen Is the Fuel of the Future. For Real This Time, IEA Says

June 14, 2019 by EnergyNow Media

Jun 14, 2019 by Dan Murtaugh (Bloomberg) Hydrogen, which has been touted as the fuel of the future much of the past five decades, may finally be on the verge of converting its potential to reality.Governments, automakers and even oil and gas giants are part of a growing coalition pushing a larger role for the … Read more

U.S., Canada, Brazil Oil Output Nearly Doubles in Last Decade

June 14, 2019June 14, 2019 by EnergyNow Media

Jun 13, 2019, 11:11 am, by Alex Tanzi and Wei Lu (Bloomberg) —From 2008 to 2018 the amount of oil produced by the U.S, Canada and Brazil almost doubled. These three countries now produce roughly one quarter of the world’s oil, according to BP’s annual Statistical Review of World Energy 2019.The U.S. alone in this time has … Read more

Cequence Energy Announces Credit Facility Renewal

June 14, 2019 by EnergyNow Media

June 14, 2019 | Source: Cequence Energy Ltd CALGARY, Alberta, June 14, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce that it has entered into an amended credit facility agreement (the “Credit Facility”) with its lender. The Credit Facility will mature on June 16, 2020 and the … Read more

Six Years after the Alberta Flood, a SPARK Member Recalls How a Financial Institution Stepped Up to the Plate

June 14, 2019 by EnergyNow Media

After the 2013 Alberta floods affected their family’s home, credit union member Kim Spence recalls how SPARK The Energy Credit Union stepped up to help in a time of need. The Spence’s family home was located in the Calgary neighborhood of Sunnyside, just across the Bow River from the SPARK’s head office. While 8 feet … Read more

Ulterra Brings Matrix Drill Bit Manufacturing to Canada with the Expansion of their Canadian Manufacturing Facility

June 14, 2019June 14, 2019 by EnergyNow Media

Leduc, Alberta, Canada Ulterra Drilling Technologies, one of the world’s fastest growing suppliers of PDC drill bits for the oil and gas industry, has expanded their manufacturing facility in Leduc, Alberta, Canada. The addition of this facility is part of Ulterra’s overall strategy to increase manufacturing capabilities by 70% worldwide. The expansion involves the former … Read more

Federal carbon tax coming to Alberta in January: environment minister

June 14, 2019June 14, 2019 by The Canadian Press

Ottawa says a federal carbon tax will be imposed on Alberta starting Jan. 1.
Federal Environment Minister Catherine McKenna says she has written the province to inform it of the decision.
She says 90 per cent of the money collected will go back to Alb…

Canadian oil output growth forecast halved to 1.4% annually

June 14, 2019June 14, 2019 by EnergyNow Media

June 13, 2019 Reuters Canadian oil production will grow by 1.4% annually until 2035, the Canadian Association of Petroleum Producers (CAPP) forecast on Thursday, halving its forecast from five years ago due to constraints by lack of new pipelines and inefficient regulation. The Calgary-based industry body said output will increase to 5.86 million barrels per day … Read more

Tankers struck near Strait of Hormuz; US blames Iran

June 14, 2019June 14, 2019 by The Canadian Press

DUBAI, United Arab Emirates — The U.S. blamed Iran for suspected attacks on two oil tankers Thursday near the strategic Strait of Hormuz, denouncing what it called a campaign of “escalating tensions” in a region crucial to global energy supplies.
The …

UN says Canada’s plan to rescue Wood Buffalo National Park not enough

June 13, 2019June 13, 2019 by The Canadian Press

The status of Canada’s largest park as a World Heritage Site remains wobbly after a United Nations body expressed grave doubts about a federal plan to rescue it.
“Considerably more effort will be needed to reverse the negative trends at a time when cl…

Metals mines, accounting for most federal enviro assessments, OK with Bill C-69

June 13, 2019June 13, 2019 by The Canadian Press

OTTAWA — The head of the Mining Association of Canada says the hotly contested federal environmental assessment bill is welcome in the industry it will affect the most.
“This promises to be a better system than what we’ve had for the last seven years,…

CAODC is Disappointed and Frustrated with the Federal Government’s Decision on Bill C-69

June 13, 2019 by EnergyNow Media

The Canadian Association of Oilwell Drilling Contractors (CAODC) is disappointed and frustrated with the federal government’s decision not to accept all of the Senate’s amendments to C-69. “Our members are facing an existential crisis and it’s unclear whether the federal government is ignorant or simply has a deliberate strategy to cause harm to the industry. … Read more

CAPP leader criticizes environment minister as Bill C-69 setback sinks in

June 13, 2019June 13, 2019 by The Canadian Press

CALGARY — The head of the Canadian Association of Petroleum Producers criticized the country’s environment minister Thursday for comments he said shows she is “disrespectful” of the energy industry.
Catherine McKenna is wrong when she says the public …

TODAY! Executive Chair of Project Reconciliation to Discuss Indigenous Projects at Global Petroleum Show

June 13, 2019 by EnergyNow Media

Project Reconciliation is a non-partisan, First Nations-led initiative that has invited Indigenous communities in B.C., Alberta and Saskatchewan to buy a majority stake (51 per cent) in the Trans Mountain pipeline and expansion project (TMX). (CNW Group/Project Reconciliation) NEWS PROVIDED BY Project Reconciliation Jun 13, 2019, CALGARY, June 13, 2019 /CNW/ – Project Reconciliation Executive … Read more

Five Things to Know About World Business Today

June 13, 2019 by EnergyNow Media

Jun 13, 2019 by Samuel Potter (Bloomberg) Trump is picking more fights, oil’s roller coaster week, and a lull in Hong Kong. Here are some of the things people in markets are talking about today. Combative Trump Fresh from a bust-up with Mexico and still mired in disputes with the likes of China and Iran, Donald Trump upped his criticism of Germany … Read more

OPEC Warns That Trade Tensions Are Hurting Global Oil Demand

June 13, 2019 by EnergyNow Media

Jun 13, 2019 by Grant Smith (Bloomberg) OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead.The organization, due to meet in the coming weeks to set production levels for the second half, said demand increased by less than 1 million … Read more

Oil Surges as Tankers in Gulf Suffer Another Suspected Attack

June 13, 2019 by EnergyNow Media

Jun 12, 2019 by Heesu Lee and Grant Smith (Bloomberg) Oil rebounded from the lowest in almost five months as two tankers were damaged in a suspected attack in the Gulf of Oman, just weeks after a previous incident in the region.Brent crude soared as much as 4.5% following reports of an assault on ships near the … Read more

The federal government is damaging Canada’s economic future with Bill C-69: CAPP

June 13, 2019June 13, 2019 by EnergyNow Media

June 12, 2019 CNW CALGARY, June 12, 2019 /CNW/ – It is now clear the federal government is ignoring the Senate and the will of Canadians, damaging the country’s economic future by not accepting the package of amendments the Senate proposed to Bill C-69, the Impact Assessment Act, according to the Canadian Association of Petroleum Producers (CAPP). The … Read more

Canada is “Closed for Business” is the message sent by the Trudeau Government with Bills C-69 and C-48 – PSAC

June 13, 2019June 13, 2019 by EnergyNow Media

June 12, 2019 The Petroleum Services Association of Canada (PSAC) is expressing extreme disappointment with the decision by the Trudeau government to not accept the full slate of amendments for Bill C-69 proposed by the Senate following lengthy consultation with Canadians. Gary Mar, President and CEO of PSAC, says, “Bill C-69 in its … Read more

TC Energy completes U.S.- Mexico Sur de Texas pipeline

June 13, 2019 by EnergyNow Media

June 12, 2019 Canadian energy company TC Energy Corp completed the $2.5 billion Sur de Texas pipeline from Texas to Mexico. The project is part of the biggest gas pipe between Mexico and the United States and will increase Mexico’s capacity to import cheap U.S. gas by about 40 percent, TC Energy said on Tuesday. … Read more

Liberals reject most Tory amendments to environmental assessment Bill – C69

June 13, 2019June 13, 2019 by The Canadian Press

OTTAWA — The federal Liberals will accept nearly 100 changes the Senate has made to a bill overhauling the federal environmental-assessment process for major construction projects but are rejecting dozens more, including nearly all of those proposed b…

TC Energy completes U.S.- Mexico Sur de Texas pipeline

June 12, 2019 by EnergyNow Media

June 12, 2019 Reuters Canadian energy company TC Energy Corp completed the $2.5 billion Sur de Texas pipeline from Texas to Mexico. The project is part of the biggest gas pipe between Mexico and the United States and will increase Mexico’s capacity to import cheap U.S. gas by about 40 percent, TC Energy said on … Read more

Alberta Premier Jason Kenney seeks alliance with Quebec’s Francois Legault

June 13, 2019June 12, 2019 by The Canadian Press

MONTREAL — Quebec and Alberta are natural allies in the fight to defend provincial autonomy in the face of federal interventions, Alberta Premier Jason Kenney said Wednesday during a visit to the province.
Kenney said he wants to revive what he called…

Trudeau’s Liberals rejects most Senate amendments to major projects bill

June 12, 2019 by EnergyNow Media

June 12, 2019 Reuters Canada’s Liberal government has rejected most of the amendments proposed by senators to a bill that will overhaul how major projects like pipelines are assessed, a move criticized by Canada’s main crude-producing province, Alberta. Prime Minister Justin Trudeau’s government introduced Bill C-69 to fulfill a 2015 election pledge to streamline and … Read more

‘We’re deeply sorry:’ Husky fined $3.8M for leak into North Saskatchewan River

June 12, 2019June 12, 2019 by The Canadian Press

LLOYDMINSTER, Sask. — Husky Energy was fined $3.8 million Wednesday for a pipeline oil leak that fouled a major river, harmed fish and wildlife and tainted the drinking water supply for thousands of people in Saskatchewan.
“We recognize that the spill…

The Next Two weeks are Important Weeks in the Saga of the Trans Mountain Expansion – Maureen McCall

June 12, 2019June 12, 2019 by EnergyNow Media

by Maureen McCall Next week, the Federal government is scheduled to announce a decision on June 18th on whether to approve the Trans Mountain Expansion after re-examination of the environmental review and Indigenous consultation process. The government is expected to make its decision at a cabinet meeting on June 18th, after receiving the findings of … Read more

Oil falls over 2% on weaker demand growth, gain in U.S. crude stocks

June 12, 2019June 12, 2019 by EnergyNow Media

June 12, 2019 Reuters Oil prices fell more than 2% on Wednesday, weighed down by a weaker demand outlook and a rise in U.S. crude inventories despite expectations of extended supply cuts led by OPEC. U.S. West Texas Intermediate crude futures were down $1.56, or 2.93%, at $51.71. The U.S. Energy Information Administration (EIA) cut its … Read more

Five Things to Know in World Business Today

June 12, 2019 by EnergyNow Media

Jun 12, 2019 (Bloomberg) Hong Kong simmers, trade war is all about Trump, and Boris kicks off his campaign. Here are some of the things people in markets are talking about today. Hong Kong on edge Protesters are blocking major roads in downtown Hong Kong, and they have vowed to stay until the government withdraws controversial legislation that would for the … Read more

Perpetual Energy Inc. Applies for Judicial Review to Challenge Municipal Property Tax Assessment Guidelines

June 12, 2019 by EnergyNow Media

June 11, 2019 CNW CALGARY, June 11, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company“) has filed an application with the Court of Queen’s Bench of Alberta seeking a judicial review of the previous NDP government’s Minister of Municipal Affairs’ Guidelines published December 13, 2018 (the “Minister’s Guidelines“) as they relate to how assessed values of linear property, machinery and … Read more

Keyera Corp. Announces $600 Million Hybrid Note Offering

June 12, 2019 by EnergyNow Media

June 11, 2019 CALGARY, June 11, 2019 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it has priced a Canadian offering of $600 million of 6.875% fixed-to-floating rate subordinated notes due June 13, 2079.The offering is expected to close on June 13, 2019 and the net proceeds will be used to fund Keyera’s ongoing capital program, repay indebtedness under Keyera’s revolving credit … Read more

OPINION John Ivison: Indigenous bids for Trans Mountain offer ‘reconciliation through economic development’

June 12, 2019 by EnergyNow Media

There is plenty of evidence to contradict the stereotype that all Indigenous Canadians are trapped in misery. Take the pipeline expansion, for one In his book Enlightenment Now, cognitive scientist Steven Pinker argues that the prevailing culture of pessimism has made the very notion of progress unfashionable. The release this week of the final report … Read more

Help needed for Career Explorer tool expansion! – PetroLMI

June 12, 2019 by EnergyNow Media

PetroLMI is expanding our Career Explorer tool. We’re adding new careers that continue to reflect the skills, education and talents of Canada’s energy industry. Digitization and automation are driving significant changes in the ways the oil and gas industry operates. Technology and automation-based roles will be key to addressing the evolving needs of the sector. As … Read more

Exciting New Environmental Benefits of Thermoelectric Energy Harvesting – Marlow Industries

June 12, 2019 by EnergyNow Media

ENVIRONMENTAL BENEFITS Thermoelectric generators are low maintenance and generate zero emissions, they are also have very low maintenance costs. The vast majority of government-sponsored research in the field of thermoelectrics over the past 10-15 years has been in the area of thermoelectric power generation. The driving force behind most of this research seeks ways to improve … Read more

Now Offering Sondex Well Tractors to Accompany our Cased Hole Logging, Perforating and Pipe Recovery Services – Eclipse E-Line

June 12, 2019 by EnergyNow Media

Eclipse E-Line Services Inc. is proud to now offer Sondex Well Tractors to accompany our full suite of Cased Hole Logging, Perforating and Pipe Recovery Services! Our 54mm and 63mm OD Well Tractors are used to deploy our Logging, Perforating and Pipe Recovery tools into highly deviated and horizontal wellbores with ID’s ranging in size … Read more

XI Technologies: Bank redeterminations now include a detailed ARO component – are you ready?

June 12, 2019 by EnergyNow Media

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Redetermination of bank credit facilities is an annual or semi-annual exercise … Read more

First Nations push for massive conservation area in northern British Columbia

June 12, 2019June 12, 2019 by The Canadian Press

LOWER POST, B.C. — First Nations in northern British Columbia are calling on the provincial government to endorse an ambitious proposal for a 40,000-square-kilometre conservation area to protect major watersheds and sensitive species.
The proposal wou…

Court to consider continuing injunction against LNG pipeline opponents in B.C.

June 12, 2019June 12, 2019 by The Canadian Press

PRINCE GEORGE, B.C. — Coastal GasLink and opponents of the company’s natural gas pipeline are set to make arguments in British Columbia’s Supreme Court over whether an interim injunction should continue.
The natural gas company is building a pipeline …

Trudeau calls out Tory premiers for ‘playing games’ with national unity over C-69

June 12, 2019June 12, 2019 by The Canadian Press

OTTAWA — Prime Minister Justin Trudeau says conservative premiers are playing games with national unity by threatening the country’s future if they don’t get their way on an environmental-assessment bill.
The six premiers said in a letter to Trudeau M…

Thousands hear anti-Ottawa messages at pro-pipeline rally in Calgary

June 12, 2019June 12, 2019 by The Canadian Press

CALGARY — Western alienation bubbled up Tuesday as thousands of oil and gas industry supporters gathered on the Calgary Stampede grounds to hear speakers take turns blasting the federal Liberal government and its energy policies.
Organizers estimate 4…

$1.6B pipeline proposed to move North Dakota crude oil

June 11, 2019 by The Canadian Press

BISMARCK, N.D. — Two companies are proposing a $1.6 billion pipeline to move North Dakota crude oil, making it the biggest such project in the state since the Dakota Access pipeline that sparked violent clashes between protesters and law enforcement i…

Environmentalists: Offshore drilling rule changes dangerous

June 12, 2019June 11, 2019 by The Canadian Press

NEW ORLEANS — Ten environmental groups are suing to challenge what they view as the Trump administration’s decision to weaken critical safety rules created after the nation’s worst offshore drilling disaster.
The rule changes announced in March will m…

Ontario wants anti-carbon tax gas pump stickers displayed by Aug. 30

June 11, 2019June 11, 2019 by The Canadian Press

TORONTO — Ontario wants gas station operators to display mandatory anti-carbon tax stickers by the end of the summer or face potential Provincial Offences Act charges.
A proposed regulation would set Aug. 30 as the day the requirement takes effect and…

Pipelines key to raising living standards in remote, poor Indigenous communities

June 11, 2019 by EnergyNow Media

Pipelines key to raising living standards in remote, poor Indigenous communities CALGARY—A large number of small, remote and fairly poor First Nations in British Columbia and Alberta support pipelines because they stand to gain substantially from them, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Pipelines … Read more

Empty Offices Turned Into Apartments as Calgary Oil Woes Drag On

June 11, 2019 by EnergyNow Media

by Kevin Orland (Bloomberg) When the lease on an Alberta Health Services office in Calgary came due for renegotiation two years ago, the rental market was so bad that trying to keep the tenants wasn’t worth it. Instead, landlord Strategic Group took the unconventional step of letting the government agency leave and spent C$24.5 million … Read more

Oil Drops Below $54 as Global Recession, Supply Concerns Mount

June 11, 2019 by EnergyNow Media

Jun 10, 2019 by Rita Devlin Marier (Bloomberg) Oil closed down in New York for the first time in three days amid rising concerns about the likelihood of a global economic contraction and mounting supplies. U.S. crude has fallen about 18% from a peak in late April and volatility has jumped as deteriorating U.S.-China trade … Read more

Five Things to Know in World Business Today

June 11, 2019 by EnergyNow Media

Jun 11, 2019 by Samuel Potter (Bloomberg) G-20 getting even more important, China makes policy moves, and for some reason 10 people want to be the U.K. Prime Minister. Here are some of the things people in markets are talking about today. G-20 countdown If the G-20 confab wasn’t already marked on investor calendars with a big … Read more

Comments from a Quebec Senator on Bill C-48 – Read what he sad to say! – Deidra Garyk

June 11, 2019June 11, 2019 by EnergyNow Media

Deidra Garyk Canadian Energy Advocate & Manager, JointVentures I wasn’t going to go public with this, nor was I going to respond to Senator Pierre Dalphond’s email, but I could not sit silent. I am sharing my original email that I sent to all Senators to make one last plea to defeat Bill C-48. To … Read more

Alberta to bring in bill in fall to help First Nations invest in energy projects

June 11, 2019June 11, 2019 by The Canadian Press

EDMONTON — Alberta will bring in legislation this fall to create a Crown corporation backstopped by $1 billion to help First Nations invest in major energy projects like pipelines.
Premier Jason Kenney made the announcement after meeting with chiefs f…

West Virginia governor slams Bloomberg’s clean energy plan

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

CHARLESTON, W.Va. — Former New York City Mayor Michael Bloomberg’s $500 million effort to close the nation’s coal plants isn’t sitting well in West Virginia.
West Virginia Gov. Jim Justice criticized the clean energy plan at a news conference Monday, …

Rules for new corporate ombud criticized for deferring to companies

June 10, 2019June 10, 2019 by The Canadian Press

OTTAWA — The federal government is giving its new watchdog on international corporate responsibility unprecedented power to hear complaints from Canadian companies that think they’ve been unfairly targeted by abuse allegations.
Advocates for stronger …

Saskatchewan senator says Regina power outage is ‘preview of Canada’s future’

June 10, 2019June 10, 2019 by The Canadian Press

REGINA — A Conservative senator from Saskatchewan says a power outage in Regina is a “preview of Canada’s future” if Justin Trudeau is re-elected prime minister.
The comment was made Saturday in a post on the Twitter account of Sen. Denise Batters.
Th…

Digital Me: Training Up for a Digital Future – Geoffrey Cann

June 10, 2019 by EnergyNow Media

The first problem that oil and gas companies must address to advance with digital innovations is to close the gap in understanding the opportunity and the threat from digital. Here’s how. Digital Training or Training on Digital Did you ever notice how airline pilots greet you only when you leave the plane? In part this is because they’re really busy prepping for take off when passengers are loading, and much less occupied when passengers … Read more

Single-use plastics ban not expected to hurt petrochemical growth in Canada

June 10, 2019June 10, 2019 by The Canadian Press

CALGARY — One of Canada’s largest producers of plastics says there will be plenty of room for future growth in output despite a proposal by Ottawa to ban certain single-use plastic products by 2021.
Nova Chemicals Corp. supports efforts to encourage m…

Aging Enbridge oil pipelines face setbacks over fears of Great Lakes spills

June 10, 2019 by EnergyNow Media

June 10, 2019 Reuters WINNIPEG, Manitoba/CALGARY, Alberta, June 9 (Reuters) – F ears about oil spills into the Great Lakes from two aging U.S. pipelines have flared, raising doubts about their future and creating fresh headaches for operator Enbridge Inc and the Canadian energy sector. Canada has faced years of delay in getting new oil … Read more

Encana provides interim update on strength of operations

June 10, 2019 by EnergyNow Media

June 10, 2019 CNW Encana repurchased 10% of its outstanding shares year-to-date; Plans to commence additional buyback in July 2019 Recent strong well performance in STACK strengthens the Company’s second quarter 2019 production outlook Company reiterates annual capital investment plan Portfolio further refined through agreement to exit China CALGARY, June 10, 2019 /CNW/ – Encana … Read more

Five Things to Know in World Business Today

June 10, 2019 by EnergyNow Media

Jun 10, 2019 by Samuel Potter and Sid Verma (Bloomberg) – Trading fear for hope on trade, the power of central banks, and a dash of deal mania. Here are some of the things people in markets are talking about today. Trade President Donald Trump decided not to impose a 5% charge on all Mexican imports, accepting the country’s offer … Read more

Oil Holds Near $54 on Saudi-Russia Supply Pledge and Rig Data

June 10, 2019June 10, 2019 by EnergyNow Media

Jun 10, 2019by Heesu Lee and Alex Longley (Bloomberg) Oil steadied near $54 a barrel after Saudi Arabia said it could agree on plans for production with Russia at the G-20 summit this month. Futures traded 0.1% higher, after earlier adding as much as 1.6%. There’s almost unanimous agreement in OPEC to extend production cuts, … Read more

Bulls Beware: The 2020 Oil Market Is Quickly Turning Ugly

June 10, 2019June 10, 2019 by EnergyNow Media

Jun 9, 2019 by Javier Blas (Bloomberg) Oil bulls thought 2020 would be their year. After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a once-in-a-generation shake up in the shipping fuel market. Many market commentators predicted that … Read more

OPEC, the Future Is Probably Worse Than You Thought: Julian Lee

June 10, 2019 by EnergyNow Media

FILE PHOTO: Russian Energy Minister Alexander Novak and Saudi Arabian Energy Minister Khalid al-Falih shake hands ahead of a meeting in Moscow, Russia May 31, 2017. REUTERS/Maxim Shemetov/File Photo

Jun 8, 2019 by Julian Lee (Bloomberg Opinion) – Saudi Arabia and Russia are on a collision course. On Friday the International Energy Agency will publish its first forecast of oil market balances in 2020. The headline figures will probably show stockpiles rising next year if the OPEC+ producer group doesn’t extend output cuts into a fourth year. … Read more

Parex Announces Andina Norte Discovery and Test of 2,900 bopd

June 10, 2019 by EnergyNow Media

June 10, 2019 | Source: Parex Resources Inc. CALGARY, Alberta, June 10, 2019 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update, highlighted by the testing of the Capachos Block Andina Norte-1 well in the Guadalupe Formation. … Read more

Baker Hughes Announces May 2019 Rig Counts

June 10, 2019June 10, 2019 by EnergyNow Media

June 7, 2019 Business Wire The Baker Hughes International Rig Count now includes active drilling rigs in Ukraine HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for May 2019 was 1,126, up 64 from the 1,062 counted in April 2019, and up 159 from the 967 … Read more

Canadian oil pipeline congestion sets up lucrative storage play

June 10, 2019June 10, 2019 by EnergyNow Media

June 9, 2019 Reuters Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and oil major BP Plc’s trading arm.Canada holds the world’s third-largest crude reserves, but years of delay in building new pipelines has led … Read more

Canadian Natural Resources Limited Provides an Update on Pelican Lake and Woodenhouse Operations

June 10, 2019 by EnergyNow Media

June 8, 2019 Globe Newswire CALGARY, Alberta, June 08, 2019 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) provides an update on its Pelican Lake and Woodenhouse operations. The Company has now been able to gain access to its wells and facilities in these areas, following the previously announced evacuation due to … Read more

Journey Energy Inc. Announces Update to its Annual Credit Facility Review

June 10, 2019 by EnergyNow Media

2019 CNW CALGARY, June 7, 2019 /CNW/ – Journey Energy Inc. (JOY – TSX) (“Journey” or the “Company“) announces today that the annual borrowing base redetermination of its credit facilities has been finalized. The amended credit facilities have been reduced from the current amount of $100 million to $90 million. The new facility is comprised of a $75 million syndicated revolving term credit facility … Read more

From the lab to the tradeshow floor: experts share key findings in oil and gas research and technologies – SRC

June 10, 2019June 10, 2019 by EnergyNow Media

Energy professionals from Alberta and around the world are in Calgary this week to attend the Global Petroleum Show (GPS) and learn about the new technologies and research that are creating opportunities and solving challenges for the oil and gas industry. There’s no better place to go to get your fill on the latest advancements … Read more

Why a group of First Nations wants to own the Trans Mountain pipeline

June 10, 2019 by EnergyNow Media

Author: Harrie Vredenburg, Professor & Suncor Chair in Strategy & Sustainability, Haskayne School of Business; Research Fellow, School of Public Policy, University of Calgary The standoff between Indigenous communities — backed by environmentalists — and the oil industry has led to regional alienation that is threatening the fabric of Canada in ways not seen since … Read more

Tundra Process Solutions Launches New Energy Storage Initiative!

June 10, 2019 by EnergyNow Media

Tundra joined forces with Canadian Energy to bring leading edge energy storage solutions to market that: Provide reliable power that’s there when you need it Reduce the overall cost of power at your facilities Enable you to leverage the power of renewables “We are incredibly excited about this new initiative and would LOVE … Read more

SURPLUS EQUIPMENT: Flare Knockout, 10′ x 40′ 75 PSI – Ironhub

June 10, 2019 by EnergyNow Media

Click here to see the specifications for Flare Knockout, 10′ x 40′ 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

7th Annual Frac Whack is 90% Full! Book Your Spot Today Before it’s Sold Out!

June 10, 2019 by EnergyNow Media

For more information about the event or to register, please visit: birdeasepro.com/fracwhack2019 ABOUT FRAC SHACK INC. Frac Shack Inc. is a global oilfield technology company focused on providing innovative solutions that promote safety, efficiency, and environmental protection. The company’s operations are focused around smart fuelling solutions in Canada, the United States, and Argentina. Additional information … Read more

Factors Western Celebrates 25 years of BBB Accreditation in Good-Standing

June 11, 2019June 10, 2019 by EnergyNow Media

By Nicole Fleury Maintaining BBB Accreditation for 25 years is not an easy feat, but it’s one Factors Western is proud to have accomplished. As a company that deals extensively in its customers’ finances, trust is of the utmost importance, and the BBB seal proves trustworthiness in an instant. “We use the BBB seal to … Read more

Canada Weekly Rig Count Up 18 for Week Ending June 7, 2019

June 10, 2019June 10, 2019 by EnergyNow Media

Canada’s drilling rig count up 18 actively drilling rigs according to data collected by Baker Hughes for the week ending June 7, 2019. From one week ago, Alberta rig counts increased 7 to 63 and the Saskatchewan rig count increased 8 to 25. Oil drilling increased 15 to 59 and gas increased 3 to 44. … Read more

Kenney: higher risk tolerance, ability to act quickly key for energy ‘war room’

June 10, 2019June 10, 2019 by The Canadian Press

CALGARY — Alberta’s premier says staff in the province’s so-called energy “war room” will be able to quickly take on industry foes without government bureaucracy holding them back.
The office — to be based in Calgary with a $30 million budget — is mea…

WATCH TRAILER – “A Stranded Nation” – A New Documentary on the Canadian Oil and Gas Sector – Premieres Tuesday June 11th, 2019 4pm -5:30 pm: Tickets are FREE

June 10, 2019June 10, 2019 by EnergyNow Media

“A Stranded Nation” – a new documentary on the Canadian oil and gas sector – premieres Tuesday June 11th, 2019 4pm -5:30pm – New Central Library Tickets are FREE Get tickets: FREE TICKETS

U.S. oil rig count falls to lowest since Feb 2018

June 7, 2019 by EnergyNow Media

June 7, 2019 Reuters U.S. energy firms this week cut the oil rig count to the lowest since February 2018 as drillers follow through on plans to reduce spending with crude prices collapsing to a four-month low.Drillers cut 11 oil rigs in the week to June 7 in the biggest weekly decline since April, bringing the … Read more

Oil Closes Week on Rebound as Saudis, Russia Pledge Coordination

June 7, 2019 by EnergyNow Media

Jun 7, 2019 by Alex Nussbaum and Grant Smith (Bloomberg) Oil ended a tumultuous week on the upswing after Saudi Arabia and Russia reiterated their commitment to averting a global supply glut and U.S. President Donald Trump declared progress in his standoff with Mexico. Futures in New York gained 2.7% on Friday, just two days … Read more

ANGUS REID: Premiers’ Performance: Kenney joins Conservative surge, Ford’s approval ebbs, McNeil’s plunges

June 7, 2019 by EnergyNow Media

Scott Moe and Francois Legault maintain their place as top two most approved of provincial leaders June 7, 2019 – The squad of conservative provincial leaders grew in Canada this quarter with the addition of Jason Kenney in Alberta, supplying another voice to a coalition of premiers vowing to fight federal carbon pricing. Kenney, who led … Read more

Tory changes to assessment bill favour industry over environment, Liberals say

June 7, 2019June 7, 2019 by The Canadian Press

OTTAWA — The federal Liberals say they are reviewing the changes the Senate has made to their environmental-assessment legislation but accuse the Conservatives of bowing to pressure from the oil and gas sector.
Bill C-69, a major overhaul to how major…

Five Things to Know in World Business Today

June 7, 2019 by EnergyNow Media

Jun 7, 2019 by Lorcan Roche Kelly (Bloomberg) It’s jobs day, no breakthrough on Mexico and China prepared for worsening trade war. Here are some of the things people in markets are talking about today. Payrolls Today’s employment numbers are hotly anticipated after the surprisingly bad ADP data released on Wednesday showed May was the worst … Read more

Canadians Split Between Trudeau and Scheer on Economic Acumen

June 7, 2019June 7, 2019 by EnergyNow Media

Jun 7, 2019 by Theophilos Argitis (Bloomberg) Four months before an election, Canadians remain split on whether they see Prime Minister Justin Trudeau or his main rival, Andrew Scheer, as the best manager of the nation’s economy. Asked which leader they trusted to support growth, 30% of Canadians picked Trudeau and 29% chose Scheer, according … Read more

Oil Rebound Continues as Saudis and Russia Pledge Coordination

June 7, 2019 by EnergyNow Media

Jun 7, 2019 by Saket Sundria and Grant Smith (Bloomberg) Oil continued its rebound, heading for the biggest two-day gain since April, as Saudi Arabia and Russia reiterated their commitment to working together to keep the market balanced. Futures in New York advanced 1.4%, bringing their increase over two days to more than 3.2% after … Read more

Transglobe Energy Corporation Announces an Update to a Significant Shareholder

June 7, 2019 by EnergyNow Media

June 07, 2019 ET | Source: TransGlobe Energy Corporation CALGARY, Alberta, June 07, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”)(“TransGlobe” or the “Company”) understands that as of May 14, 2019, Renaissance Technologies LLC (“Renaissance”) through various funds, individuals and/or institutional clients of the foregoing beneficially own an aggregate interest in … Read more

Controversial bill on energy project assessment passes Senate heavily amended

June 7, 2019June 7, 2019 by The Canadian Press

OTTAWA — Legislation overhauling Canada’s assessment of major energy projects is back in the hands of Environment Minister Catherine McKenna, albeit looking a lot different than when she introduced it.
The Senate passed the Impact Assessment Act late …

Trans Mountain stake should go to Indigenous owners on route, B.C. chief says

June 7, 2019June 7, 2019 by The Canadian Press

CALGARY — The chairman of a B.C. indigenous group seeking to buy a stake in the Trans Mountain pipeline says Ottawa should favour communities along the route when deciding who can make an ownership bid.
Chief Michael LeBourdais of Whispering Pines Cli…

Senators reject chance to immediately kill tanker ban but bill not safe yet

June 7, 2019June 7, 2019 by The Canadian Press

OTTAWA — The Senate has rejected a committee report that recommended scrapping the Trudeau government’s bill to ban oil tanker traffic in the environmentally sensitive waters off northern British Columbia.
But that’s not a guarantee the bill will surv…

Enbridge seeks court ruling on Great Lakes oil pipeline deal

June 7, 2019June 6, 2019 by The Canadian Press

TRAVERSE CITY, Mich. — Enbridge Inc. is asking a Michigan court to rule on the legality of an agreement it reached with former Gov. Rick Snyder to build an oil pipeline tunnel beneath the channel linking lakes Huron and Michigan.
The Canadian company …

Husky restarts production at another drill centre following November oil spill

June 6, 2019June 6, 2019 by The Canadian Press

ST. JOHN’S, N.L. — Husky Energy has restarted production at its southern drill centre in the White Rose oil field off Newfoundland following a major oil spill last fall that halted all operations.
The company said Wednesday production began after leak…

Western Canadian crude inventories decrease in May

June 6, 2019 by EnergyNow Media

June 5, 2019 Reuters Western Canadian crude oil inventories fell in May, energy information provider Genscape said on Wednesday, helped by an increase in crude-by-rail loadings. Total stocks were 33.6 million barrels, retreating from the record high of 37.1 million barrels set in April. The decline follows Alberta government production curtailments that were imposed on Jan. … Read more

Canadian Trade Gap Narrows on Renewed Strength From Exporters

June 6, 2019 by EnergyNow Media

Jun 6, 2019 by Theophilos Argitis (Bloomberg) Canada’s trade deficit narrowed in April to the lowest in six months, as exports continue to rebound from a recent slump. The nation’s trade gap narrowed to C$966 million ($721 million), from a downwardly revised C$2.3 billion deficit in March, Statistics Canada said Thursday in Ottawa. Exports rose … Read more

Five Things to Know in World Business Today

June 6, 2019 by EnergyNow Media

Jun 5, 2019 by Sam Unsted (Bloomberg) Good morning. The European Central Bank will announce its interest rate decision, markets will continue pondering the direction of Federal Reserve policy and Fiat Chrysler and Renault’s merger plans are in tatters. Here’s what’s moving markets. ECB Day In a week when the central bank policy outlook has … Read more

Oil Rises After Slump Into Bear Market on Swelling U.S. Supply

June 6, 2019 by EnergyNow Media

Jun 6, 2019 by Saket Sundria and Grant Smith (Bloomberg) Oil gained in New York and London, in a modest recovery after sinking into a bear market on Wednesday amid ballooning U.S. crude inventories and signs that demand is faltering. Futures in New York edged 1% higher after settling 3.4% lower in the previous session. … Read more

Putin Highlights Differences With Saudis as OPEC+ Decision Looms

June 6, 2019 by EnergyNow Media

Jun 6, 2019 by Dina Khrennikova, Olga Tanas and Rosalind Mathieson (Bloomberg) A year ago, in the enduring twilight of one of St. Petersburg’s famous “white nights” of summer, Saudi Arabia and Russia reached an agreement that set a new direction for the oil market. This time around, President Vladimir Putin has emphasized the differences … Read more

Canada’s Oil Sands Producers Double Down on Innovation Leadership – COSIA Releases Innovation Opportunities

June 6, 2019 by EnergyNow Media

COSIA Releases Innovation Opportunities June 05, 2019 | Source: Canada’s Oil Sands Innovation Alliance CALGARY, Alberta, June 05, 2019 (GLOBE NEWSWIRE) — Today, Canada’s Oil Sands Innovation Alliance (COSIA) announced the release of more than 60 Innovation Opportunities that can benefit from broader, global collaboration, representing a bold step forward in oil sands innovation and transparency. … Read more

Corridor Comments on Recent Developments in New Brunswick

June 6, 2019 by EnergyNow Media

June 05, 2019 ET | Source: Corridor Resources Inc. HALIFAX, Nova Scotia, June 05, 2019 (GLOBE NEWSWIRE) — Corridor Resources Inc. (“Corridor”) (TSX – CDH) is pleased to announce that the New Brunswick Government has undertaken an initial step in removing the hydraulic fracturing moratorium. We have been advised that the Government has commenced the process to allow for … Read more

Pulse Oil Corp. Announces Successful Bigoray Production Test, Additional Cashflow and EOR Advancements

June 6, 2019 by EnergyNow Media

June 5, 2019 PR Newswire CALGARY, June 5, 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 two new wells drilled within the Company’s Bigoray assets (Pulse: 100%) located in Central Alberta. Pulse spudded two wells at its 100% controlled … Read more

Just Energy launches strategic review after expressions of interest

June 6, 2019June 6, 2019 by The Canadian Press

TORONTO — Just Energy Group Inc. is launching a review of its strategic alternatives after it said it received expressions of interest from a number of groups regarding potential transactions.
The company’s board has appointed a committee comprised of…

Flange Armour Inc., 2019 GPS nominee for “Innovation in Process Controls”

June 6, 2019 by EnergyNow Media

Alberta company, Flange Armour Inc. is making positive disruption worldwide by providing premier protection for process connection components. Flange Armour Inc. is a leader, innovator in protection products, a driving force in change, and is influencing disruption through adding healthy advancement within the oil and gas industry. We have had a profound effect on the … Read more

Senate committee says oil tanker ban off B.C. targets Alberta, divides country

June 6, 2019June 6, 2019 by The Canadian Press

OTTAWA — A Senate committee says the Trudeau government’s bill to ban oil tanker traffic off British Columbia’s northern coast should be scrapped because it will divide the country, inflame separatist sentiment in Alberta and stoke resentment of Indig…

Crude-by-rail shipments from Western Canada rise by 34,000 bpd in May

June 6, 2019June 6, 2019 by The Canadian Press

CALGARY — Genscape says crude-by-rail shipments from Western Canada continued to rise in May after falling in February to a nine-month low.
The U.S. company, which monitors western Canadian rail terminals handling about 80 per cent of typical volumes,…

Premiers Kenney, Moe to work together on rig rules as they meet at Saskatchewan Oil Show

June 6, 2019June 6, 2019 by The Canadian Press

WEYBURN, Sask. — Organizers put Alberta Premier Jason Kenney and Saskatchewan Premier Scott Moe on a love seat as the two addressed delegates at an oil and gas trade show in Weyburn, south of Regina, Wednesday afternoon.
The furniture fit the mood as …

PODCAST: The Drones Have It: Robots in Oil and Gas – Geoffrey Cann

June 5, 2019 by EnergyNow Media

Drones (or autonomous equipment) are finding a receptive market in the oil and gas sector. Of all the digital technologies drones deliver superior, triple bottom line benefits. Moreover, it is in many oil and gas basins’ best interests to accelerate autonomy solutions. Here’s why. Check out my new book, ‘Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas’, available on Amazon and other on-line bookshops. … Read more

Rival all-Alberta Indigenous coalition sets sights on Trans Mountain pipeline

June 5, 2019June 5, 2019 by The Canadian Press

CALGARY — Indigenous competition for the right to buy an equity stake in the Trans Mountain pipeline system is heating up, with an Alberta group announcing Wednesday it intends to assemble a province-wide coalition of supporters.
Iron Coalition said i…

Oil Drops as U.S. Stockpiles Rise While Trade War Hurts Demand

June 5, 2019 by EnergyNow Media

Jun 5, 2019 by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil fell again on signs that U.S. crude inventories jumped last week, worrying investors that supplies are swelling at the same time a trade war threatens demand. Futures slipped as much as 1.3% in New York to trade under $53 a barrel, not far from … Read more

Five Things to Know in World Business Today

June 5, 2019 by EnergyNow Media

Jun 5, 2019 by Lorcan Roche Kelly (Bloomberg) Powell triggers stock rebound, Trump says he’s not bluffing on Mexico tariffs, and China ups pressure on the U.S. Here are some of the things people in markets are talking about today. Rally time? Yesterday’s more than 2% gain in the S&P 500 Index, driven by what was seen … Read more

Indigenous leaders believe Project Reconciliation will help

June 5, 2019 by EnergyNow Media

Most Canadians are aware Canada’s First Nations face tough obstacles, from poverty to inadequate housing and from lack of access to clean drinking water to a growing youth population that feels left out of the country’s future. At the same time, the country faces its own challenges, particularly around energy. A decade of gridlock has … Read more

Global Petroleum Show (GPS 2019) is Next Week! Register For Your Complimentary Pass HERE

June 5, 2019 by EnergyNow Media

Special Offer Exclusive to Our Partners! Join your host and emcee Danielle Smith for three days as the “who’s who” of the global oil and gas community, converge under one roof to debate, discuss and decide the future of our industry. GPS Strategic Conference – Almost Sold Out! Use promo code MEDIASTRAT for $100 off the 3-day Strategic … Read more

XI Technologies: Take a closer look at your lookbacks

June 5, 2019 by EnergyNow Media

This year’s severe winter may have pushed Spring Break-up a little later, but for those who manage drilling programs one thing that can’t be pushed is drilling lookbacks. This week, we’re looking at the three most common barriers to effective drill program evaluation. Each week, XI Technologies scans their unique combination of enhanced industry data … Read more

CTF: Quebec feels Alberta’s pain, so why keep blocking pipelines?

June 5, 2019June 5, 2019 by EnergyNow Media

June 4, 2019 As Quebec continues to face it’s own “dirty energy” export problems, their politicians should understand the pain Albertans are going through, but they are still deciding to oppose pipelines. Last year, Hydro-Quebec generated nearly $15 billion by selling more than 200 TWh of electricity. Despite these high sales, Quebec produces “too much” energy and … Read more

Bellatrix Completes Recapitalization Transaction

June 4, 2019 by EnergyNow Media

June 4, 2019 Globe Newswire CALGARY, Alberta, June 04, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) today announced the completion of the recapitalization transaction (the “Recapitalization Transaction”) described in the Company’s management information circular dated April 18, 2019 (the “Information Circular”) and implemented pursuant to the court-approved plan of arrangement under … Read more

Altura Energy Inc. Announces Board Appointment

June 4, 2019 by EnergyNow Media

June 4, 2019 Globe Newswire CALGARY, Alberta, June 04, 2019 (GLOBE NEWSWIRE) — Altura Energy Inc. (“Altura”, or the “Corporation”) (TSXV: ATU) is pleased to announce the appointment of John Chambers to its Board of Directors (the “Board”), effective June 4, 2019. “I’m pleased to welcome John Chambers as an independent Director on Altura’s Board,” said John McAleer, Chairman … Read more

Exxon Mobil to pay $1M to settle oil spill in Montana river

June 4, 2019June 4, 2019 by The Canadian Press

HELENA, Mont. — A judge has approved an agreement for Exxon Mobil Corp. to pay $1.05 million to settle federal pollution violations over a 2011 pipeline break that sent oil into Montana’s Yellowstone River.
U.S. District Judge Susan Watters accepted t…

Scheer vows internal free-trade deal as part of vision for stronger federation

June 5, 2019June 4, 2019 by The Canadian Press

OTTAWA — Andrew Scheer is promising that a Conservative government would negotiate a deal to eliminate trade barriers among Canada’s provinces.
The Conservative leader made the commitment Tuesday as he outlined his vision for “a stronger and freer fed…

Highwood Oil Company Ltd. Announces Market Making Activities

June 4, 2019 by EnergyNow Media

June 3, 2019 CNW CALGARY, June 3, 2019 /CNW/ – Highwood Oil Company Ltd. (TSXV:HOCL) (“Highwood), is pleased to announce that it has retained the services of Independent Trading Group (“ITG”) to conduct market making services. ITG will trade shares of Highwood on the TSX Venture Exchange (“Exchange”) with the objective of maintaining a reasonable market and improving … Read more

Alberta makes it official: Bill passed and proclaimed to kill carbon tax

June 4, 2019June 4, 2019 by The Canadian Press

EDMONTON — Alberta’s consumer carbon tax is now officially gone.
Members of the legislature voted last night to pass the bill that repeals the tax, and it was signed into law by Lt.-Gov. Lois Mitchell.
The province stopped charging the tax last week, …

Mayor of Estevan, Sask., frustrated with lack of carbon capture decisions

June 5, 2019June 4, 2019 by The Canadian Press

REGINA — The mayor of a southeastern Saskatchewan city says he’s frustrated by a lack of government announcements on the future of a technology that would allow coal-fired power plants to stay open.
Roy Ludwig of Estevan says he wants carbon capture a…

Five Things to Know in World Business Today

June 4, 2019 by EnergyNow Media

Jun 4, 2019 by Lorcan Roche Kelly (Bloomberg) Bond market screaming for a rate cut, weak European data, and China travel warning. Here are some of the things people in markets are talking about today. Powell up Bond investors are positioned for at least two Federal Reserve rate cuts by the end of the year. St. Louis … Read more

Canada’s Lessons to Federal Reserve: Bar to Change Is High

June 4, 2019June 4, 2019 by EnergyNow Media

Jun 4, 2019 by Theophilos Argitis (Bloomberg) Don’t bet on Federal Reserve officials to overhaul how they target inflation if the experience of counterparts at the Bank of Canada is anything to go by. As Fed policy makers meet in Chicago this week to debate whether to change their inflation target, they have been sharing … Read more

Oil Trades Near Four-Month Low Amid OPEC Cuts, Economy Concerns

June 4, 2019 by EnergyNow Media

Jun 4, 2019 by Grant Smith and Tsuyoshi Inajima (Bloomberg) Oil held near the lowest in more than four months in London, as expectations that OPEC will continue to restrain supplies tempered concerns that threats to the global economy will hurt demand. Brent crude futures traded below $61 a barrel, paring some of Monday’s losses … Read more

Minnesota court rules environmental assessment for Enbridge pipeline inadequate

June 4, 2019 by EnergyNow Media

June 3, 2019 Reuters A Minnesota court ruled on Monday that Enbridge Inc’s final environmental impact statement for its Line 3 replacement project is inadequate, raising the possibility the Canadian crude oil pipeline could face further delays. The Line 3 replacement project would ship 760,000 barrels per day of Canadian crude from Alberta to Wisconsin, doubling … Read more

Oil in Alberta Jumps Most This Year as Fires Shut Output

June 4, 2019June 4, 2019 by EnergyNow Media

Jun 3, 2019 by Sheela Tobben and Robert Tuttle (Bloomberg) Canadian heavy oil in Alberta surged the most since December after wildfires forced a second producer in the region to shut in some operations. On Thursday, Canadian Natural Resources Ltd. removed all 240 people working at its Pelican Lake and Woodenhouse operations in northern Alberta, … Read more

Precision Announces Year-To-Date Debt Repayment of $125 Million to Reach the Mid-Point of Targeted 2019 Debt Reduction Range

June 4, 2019 by EnergyNow Media

June 04, 2019 06:00 ET | Source: Precision Drilling Corporation This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later … Read more

Minnesota pipeline setback more bad news for oilfield workers, says group CEO

June 4, 2019June 4, 2019 by The Canadian Press

CALGARY — A court ruling in Minnesota that could further delay Enbridge Inc.’s Line 3 oil pipeline replacement project spells more bad news for Canadian oilfield workers, says the CEO of the Petroleum Services Association of Canada.
Investor confidenc…

Oil lobby group calls for parties to campaign on regulatory help for pipelines

June 4, 2019June 3, 2019 by The Canadian Press

OTTAWA — The country’s largest oil-and-gas lobby group is urging political parties to ensure their campaign platforms include support for major pipeline and LNG projects and a regulatory regime that would allow projects to be completed faster.
The Can…

Obsidian Energy Announces Extension of Syndicated Credit Facility Redetermination Date June 3, 20194:30 AM CNW

June 3, 2019 by EnergyNow Media

June 3, 2019 CNW CALGARY, June 3, 2019 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces the Company’s banking syndicate has extended the syndicated credit facility redetermination date until June 30, 2019 as the Company completes marketing of its previously announced unsecured bond offering and as our partner … Read more

Debating the Merits of Digital at the Global Petroleum Show – Geoffrey Cann

June 3, 2019 by EnergyNow Media

I’m on a panel discussion at the Calgary Global Petroleum Show about the role of digital innovation in oil and gas. Here’s a snapshot of the kinds of questions I think the panel will address. GPS 2018 At last year’s conference, I observed with some alarm that the trade show seemed to be oblivious to the impact that digital innovation was having on the oil and gas industry. The digital … Read more

CAODC calls on the Senate of Canada and the House of Commons to accept amendments to Bill C-69.

June 3, 2019 by EnergyNow Media

PRESS RELEASE For Immediate Release: June 3, 2019 CAODC calls on the Senate of Canada and the House of Commons to accept amendments to Bill C-69. CAODC, along with other industry, First Nation, and community leaders from across the country, is calling on the Senate of Canada and the House of Commons to protect Canadian … Read more

Sale shows big loss in investment value of China-backed Alberta oil project

June 3, 2019June 3, 2019 by The Canadian Press

CALGARY — A Chinese company’s $817-million investment in a northern Alberta heavy oil project nine years ago has collapsed in value to less than $80 million, based on the price its Canadian partner has negotiated for the sale of its majority stake.
Th…

Pine Cliff Energy Ltd. Announces Closing of Strategic Acquisition, CDE Flow-Through and Common Share Equity Financings

June 3, 2019 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – June 3, 2019) – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) is pleased to announce that its previously announced acquisition to acquire oil and natural gas assets (the “Assets“) in the Ghost Pine area of Central Alberta for net cash consideration of $8.6 million, after estimated closing adjustments (the … Read more

U.S. drillers cut oil rigs for sixth straight month-Baker Hughes

June 3, 2019 by EnergyNow Media

Reuters U.S. energy firms last week increased the number of oil rigs operating for the first time in four weeks but cut the rig count for the sixth straight month as most drillers cut spending plans.Companies added three oil rigs in the week to May 31, bringing the total count to 800, General Electric Co’s … Read more

Five Things to Know in World Business Today

June 3, 2019June 3, 2019 by EnergyNow Media

Jun 3, 2019 by Cecile Gutscher and Joe Easton (Bloomberg) Trade war opens up on multiple fronts as Trump touches down in London and markets are getting more nervous. Here are some of the things people are talking about today. Excellent Adventure Donald Trump arrives in London but has already made his presence felt for days, dominating … Read more

Oil Stabilizes After Rapid Slump Amid Fears of Global Trade War

June 3, 2019June 3, 2019 by EnergyNow Media

Jun 3, 2019 by Tsuyoshi Inajima (Bloomberg) Oil stabilized on Monday, giving traders a brief respite from the rapid slump driven by fears that increasingly aggressive U.S. trade policy could trigger an economic slowdown. Futures in New York rose 0.7%. While there was no repeat of the 5.5% slump seen on Friday, the trade war … Read more

Saudis Take Iran’s Oil-Market Share, Keeping OPEC Supply Steady

June 3, 2019 by EnergyNow Media

Jun 3, 2019 by Grant Smith (Bloomberg) Saudi Arabia ramped up oil production last month by the most this year, largely filling the gap created by tougher U.S. sanctions on its political rival, Iran. Iranian output plunged in May to the lowest since 1990 as the Trump administration threatened penalties for anyone trading with the … Read more

An Overview of the Update to The Environmental Emergency Regulations for 2019 – AB Canada

June 3, 2019June 3, 2019 by EnergyNow Media

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 above prescribed limits to prepare, test, file, and communicate to the public an emergency management plan. Environment Canada planned to repeal and replace the existing … Read more

SURPLUS EQUIPMENT: Caterpillar G3608LE A3 Ariel JGC/4 Reciprocating Compressor, 2370 hp – Ironhub

June 3, 2019 by EnergyNow Media

Click here to see the specifications for Caterpillar G3608LE A3 Ariel JGC/4 Reciprocating Compressor, 2370 hp 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

New research and technologies for oil and gas industry reflect the changing times

June 3, 2019 by EnergyNow Media

It’s hard to keep on top of all the changes happening in and around the oil and gas sector. The Saskatchewan Research Council’s (SRC) Technology and Innovation Theatre at the Global Petroleum Show (GPS) sets the stage for what’s on the minds of industry—how to approach ongoing challenges like enhanced oil recovery and what to … Read more

Osprey launches thermal condition monitoring solutions, including injection well monitoring, for the Oil & Gas industry

June 3, 2019 by EnergyNow Media

Osprey’s intelligent visual monitoring platform Osprey Reach paired with FLIR 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 … Read more

Sovereign Wealth & Reconciliation Fund key to making ‘Pipeline to Reconciliation’ real

June 3, 2019 by EnergyNow Media

If Project Reconciliation succeeds in purchasing a significant interest in the Trans Mountain pipeline and expansion project (TMX) on behalf of participating Indigenous community partners, revenue can begin to flow to an innovative Sovereign Wealth & Reconciliation Fund. Project Reconciliation is positioned to buy a 51-per cent stake in TMX. Indigenous communities in Alberta, B.C. … Read more

3D Soil Stabilization System Supports Site Access to Evaporation Pond – Presto Geosystems

June 3, 2019 by EnergyNow Media

Location: Western United States Project Background and Challenges A mining engineering firm needed to create a durable ramp over a liner system into a 1 million square foot evaporation pond. The pond was built at a large open-pit mineral mine in the Western United States—the ramp into the pond needed to support large loaders and … Read more

Saskatchewan takes federal carbon tax fight to Supreme Court of Canada

June 3, 2019June 3, 2019 by EnergyNow Media

The Canadian Press 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 constitutional and whether Ottawa has the jurisdiction to … Read more

Burnaby mayor wants more action on pipeline after meeting with Trudeau

June 3, 2019June 3, 2019 by The Canadian Press

BURNABY, B.C. — The mayor of Burnaby, B.C., says he met with Prime Minister Justin Trudeau to discuss his concerns about the risk of a fire at a tank farm in his city, which would be the terminus of an expanded Trans Mountain pipeline.
Mike Hurley sai…

It’s Coming – June 11th!! Largest Oil and Gas Rally in Canadian History! – Global Petroleum Show – Calgary, Alberta

June 3, 2019June 3, 2019 by EnergyNow Media

JUST ANNOUNCED! Saskatchewan Premier Scott Moe will be a confirmed speaker! Canada Action will hold ‘the Largest Oil and Gas Rally in Canadian History’ on Tuesday, June 11, 2019 in Calgary, AB. In partnership with the Global Petroleum Show, the rally will be held a week before the federal Cabinet is expected to rule on … Read more

Canada Weekly Rig Count Up 7 for Week Ending May 31, 2019

June 3, 2019June 3, 2019 by EnergyNow Media

Canada’s drilling rig count up 7 actively drilling rigs according to data collected by Baker Hughes for the week ending May 31, 2019. From one week ago, Alberta rig counts increase 3 to 56 and the Saskatchewan rig count increased 6 to 17. Oil drilling increased 6 to 44 and gas increased 1 to 41. … Read more

Crude Posts Worst May in Seven Years as Trade-War Anxiety Builds

June 1, 2019 by EnergyNow Media

May 31, 2019 by Alex Nussbaum and Grant Smith (Bloomberg) Oil posted its worst May performance in seven years as global trade tensions escalated, undermining the outlook for energy demand growth. Futures tumbled 5.5% in New York on Friday to a depth not seen in more than three months. Equities also plunged as investors deserted … Read more

Canadian Natural to temporarily shut in oil production due to wildfires

June 1, 2019 by EnergyNow Media

Oil and gas producer Canadian Natural Resources Ltd said on Friday it would temporarily shut-in about 65,000 barrels per day (bbl/d) of crude oil production due to forest fires in Alberta. The company on Thursday completed the evacuation of all 240 personnel at its Pelican Lake and Woodenhouse operations, it said in a statement. (Reporting … Read more

Petrus Resources Announces Credit Facility And Operations Update

June 1, 2019 by EnergyNow Media

May 31, 2019 Globe Newswire CALGARY, Alberta, May 31, 2019 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces the completion of the 2019 annual review of its revolving credit facility (“RCF”), and provides an operations update. REVOLVING CREDIT FACILITY The 2019 annual review of the RCF has been completed. The RCF … Read more

Canadian Natural Resources Limited Provides an Update on the Impact of Alberta Forest Fires

June 1, 2019 by EnergyNow Media

May 31, 2019 Globe Newswire CALGARY, Alberta, May 31, 2019 (GLOBE NEWSWIRE) — With the protection and safety of our people and assets as the utmost priority, Canadian Natural Resources Limited (“Canadian Natural”) is closely monitoring the wildfires in the Wabasca and Slave Lake, Alberta areas. In response to the wildfires, Canadian Natural completed on May … Read more

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