9 - 2019 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Eagle Energy Inc. Announces Conditional Approval of the Listing of Eagle by the TSX Venture Exchange

September 30, 2019 by EnergyNow Media

September 30, 2019 CNW Further to the August 14, 2019 news release of Eagle Energy Inc. (“Eagle“) regarding its application to transfer its listing to the TSX Venture Exchange (the “TSX-V“) from the Toronto Stock Exchange (“TSX“), Eagle announces that the TSX-V has conditionally approved the listing of Eagle as a Tier 2 Oil and Gas Issuer … Read more

Weaponizing Digital Against Oil and Gas – Geoffrey Cann

October 1, 2019September 30, 2019 by EnergyNow Media

By Geoffrey Cann The recent attack on Saudi Arabia’s oil infrastructure using weaponized drones has unleashed the potential for copycat attacks. Expect to see a wave of investment to harden the industry. The Backstory In case you’re not across the story, person or persons unknown launched a series of unmanned armed aerial attacks on Saudi Aramco’s most … Read more

2024 National Coalition of Chiefs Energy And Natural Resource Summit

Obsidian Energy Provides Operational Update

September 30, 2019 by EnergyNow Media

September 30, 2019 CNW CALGARY, Sept. 30, 2019 /CNW/ – OBSIDIAN ENERGY LTD. (TSX/NYSE – OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to provide an update on its Cardium development program and hedging portfolio. Phase 2 Cardium Program Update The 13 well Willesden Green Cardium development program planned for the second half of … Read more

Canada’s Artificial Intelligence Imperative – Start, Scale, Succeed – Deloitte

September 30, 2019 by EnergyNow Media

Technologies like artificial intelligence are fundamentally changing the way we live and work. We believe Canada has an opportunity and a responsibility to lead in these new spaces, and to share our Canadian values with the world. But taking a global role in shaping an AI-driven world will take something more from Canada. Canadian business … Read more

Five Things to Know in World Business Today

September 30, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 30, 2019 (Bloomberg) White House downplays report on China investment limits, Saudi Arabia doesn’t want war with Iran, and Boris Johnson has more problems. Here are some of the things people in markets are talking about today. Qualified denial Officials from the Trump administration issued a partial — and qualified — denial to the revelation that … Read more

Oil Set for Quarterly Loss as Demand Fears Offset Saudi Strike

September 30, 2019 by EnergyNow Media

By Grant Smith Sep 30, 2019 (Bloomberg) Oil headed for its weakest quarter since late last year as fears over the global economy and fuel demand overshadowed this month’s unprecedented attack on Saudi Arabia’s energy facilities.Brent futures have slumped about 8% since the end of June as a brief spike following the strikes on the … Read more

Pieridae and AIMCo Agree to Extend Term Loan and Convertible Debenture Maturity

September 30, 2019 by EnergyNow Media

September 30, 2019 08:00 ET | Source: Pieridae Energy Limited NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (Pieridae or the Company) (TSXV: PEA) announces that Alberta Investment Management Corporation, on behalf of certain of its clients, and Pieridae have agreed to extend … Read more

Husky Receives Approval to Begin Superior Refinery Rebuild

September 30, 2019 by EnergyNow Media

September 30, 2019 | Source: Husky Energy Inc. CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) — Husky Energy continues to make steady progress towards a return to full operations at the Superior Refinery. The Company has received the required permit approvals to begin reconstruction activities at the site and work is expected to begin immediately. Demolition of … Read more

AltaGas sells stake in Central Penn Pipeline in Pennsylvania for $870 million

September 30, 2019 by The Canadian Press

CALGARY — AltaGas Ltd. has signed a deal to sell its stake in the Central Penn Pipeline to Meade Pipeline Investment LLC, a subsidiary of NextEra Energy Partners LP for $870 million.
Central Penn is a regulated, 300-kilometre pipeline that starts in S…

WATCH: Scovan Engineering provides cost certainty during uncertain times

September 30, 2019 by EnergyNow Media

Now more than ever, clients are turning to Scovan for our value based engineering, technical expertise, and innovative solutions. With our lump sum business model, we provide cost certainty and shared risk during uncertain times. Our full discipline engineering team provides quality, fit for purpose engineering for Conventional oil and gas projects, SAGD facilities and Geothermal … Read more

Schachter Eye on Energy: Crude oil retreats on inventory build and Saudi announcements of production recovery

September 30, 2019September 30, 2019 by EnergyNow Media

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 34 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more

WEBINAR: How AI driven visual monitoring is revolutionizing how companies manage remote assets in oil and gas – Osprey Informatics

September 30, 2019 by EnergyNow Media

This brief 30-minute presentation will provide concrete examples on how oil & gas companies can manage their remote distributed assets through AI assisted exception-based alerting, accelerating cost savings and increasing efficiencies while mitigating safety and environmental risks. For more information and to RSVP, Please click here.

U.S. drillers cut oil rigs for record 10 straight months -Baker Hughes

September 30, 2019September 30, 2019 by EnergyNow Media

Sept 27 (Reuters) – U.S. energy firms reduced the number of oil rigs this week and for a record 10th month in a row as producers follow through on plans to cut spending on new drilling this year. Drillers cut six oil rigs in the week to Sept. 27, bringing the total count down to … Read more

An Open Letter to NDP Leader Jagmeet Singh About Their Climate Change Plan – Deidra Garyk

September 30, 2019September 30, 2019 by EnergyNow Media

Climate change will be a central issue in the upcoming Canadian federal election. Some polls show the electorate considers it one of their top three issues of importance. Access to affordable, reliable, clean energy is also a concern to many Canadians. As a result, Deidra Garyk, a Canadian Energy Advocate based in Calgary working in … Read more

Canada Weekly Rig Count Up 8 for Week Ending September 27, 2019

September 30, 2019September 30, 2019 by EnergyNow Media

Canada’s drilling rig count is up 8 actively drilling rigs according to data collected by Baker Hughes for the week ending September 27, 2019 From one week ago, Alberta rig counts increased 6 to 83 and the Saskatchewan rig count stayed at 30. Oil drilling increased 6 to 88 and gas increased 2 to 39. … Read more

Scheer, Singh campaign in their parties’ regions of relative strength

September 28, 2019September 28, 2019 by The Canadian Press

OTTAWA — Conservative Leader Andrew Scheer and NDP Leader Jagmeet Singh kept their campaign machines rolling Saturday — and they focused their efforts on their parties’ historic strongholds.
Scheer promoted the Conservatives’ pledge to build a nationa…

Newfoundland’s Hibernia offshore project resumes work after spills

September 28, 2019September 28, 2019 by The Canadian Press

ST. JOHN’S, N.L. — Newfoundland’s Hibernia offshore project has officially resumed production after several months of downtime because of oil spills.
Work was initially shut down in July after an oil sheen was noticed on the water.
Production resumed …

Climate strikers have right to protest but they are naive and unrealistic say energy sector leaders

September 28, 2019September 28, 2019 by The Canadian Press

BANFF, Alta. — Oil and gas industry insiders say demands by organizers of Friday’s Global Climate Strike to transition swiftly away from fossil fuels to 100 per cent renewable energy are naive and unrealistic.
But the leaders reached on the sidelines …

Enbridge Oil-Pipeline Toll Shift Halted Amid Producer Opposition

September 30, 2019September 28, 2019 by EnergyNow Media

By Kevin Orland Sep 30, 2019 (Bloomberg) Regulators halted Enbridge Inc.’s plan to convert Canada’s largest crude pipeline network to contract service, handing a win to oil producers who had argued the change was unfair and would limit their access to the system.Enbridge must halt an open season that allows companies to bid for space … Read more

Nearly every Alaskan will get $1,606 oil check

September 27, 2019September 27, 2019 by The Canadian Press

ANCHORAGE, Alaska — Nearly every Alaska resident will be $1,606 richer next week when they get their share of the state’s oil wealth.
The Alaska Department of Revenue announced the amount of this year’s check in a release Friday. It said nearly 631,00…

Energy analysts warn of lost opportunities for Canada’s oil and gas producers

September 27, 2019September 27, 2019 by The Canadian Press

BANFF, Alta. — Energy analysts at the Global Business Forum in Banff, Alta., say Canada’s inability to build pipelines to take oil to market and delays in building LNG facilities means it is missing out on opportunities to become a preferred global su…

Canada’s heavy oil exports to Asia from U.S. surge

September 27, 2019 by EnergyNow Media

September 27, 2019 Reuters Shipments of Canadian crude from the U.S. Gulf Coast since May have more than doubled all of 2018’s exports as Asian refiners scramble for heavy sour oil, according to vessel-tracking data, traders and industry sources.Following U.S. sanctions on Venezuela in late January, Asian refiners have sought new heavy oil supplies in … Read more

Trudeau meets Thunberg in Montreal as climate marches dominate federal campaign

September 27, 2019September 27, 2019 by The Canadian Press

OTTAWA — Liberal Leader Justin Trudeau met teenaged Swedish climate activist Greta Thunberg in Montreal Friday in advance of the cross-country marches that are expected to dominate the federal election campaign.
Thunberg revealed the meeting speaking …

Five Things to Know in World Business Today

September 27, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 27, 2019 (BloombergTrump’s comments fuel impeachment probe, more warning signs for Europe’s economy, and little hope for a Brexit breakthrough. Here are some of the things people in markets are talking about today. Close to a spy President Donald Trump’s recorded comments at a closed-door gathering with U.S. diplomats seem set … Read more

Oil Slides After Report of Partial Saudi Cease-Fire in Yemen

September 27, 2019 by EnergyNow Media

By Heesu Lee and Alex Longley Sep 27, 2019 (Bloomberg) Oil fell after a report that Saudi Arabia has moved to impose a partial cease-fire in Yemen, bringing hope of easing tensions in the Middle East.Futures declined as much as 1.5% in New York. Saudi Arabia has agreed to a cease-fire in four areas in … Read more

ONE ELECTION: TWO WAYS. VOTE ENERGY!

September 27, 2019September 27, 2019 by EnergyNow Media

It’s called, One Election. Two Ways. This election, we can all advocate for a vision of the country that can attract 120,000 new jobs, $45 billion in new economic activity and brings more investment for Indigenous Canadians and local communities. If you support this initiative, can you share this video with your family and friends? Make sure to … Read more

Six Facts Netflix’s Patriot Act Gets Wrong on Canadian Energy – Cody Battershill

September 27, 2019September 27, 2019 by EnergyNow Media

September 26, 2019 Cody Battershill Calgaryism, REMAX REALTOR® and Energy Advocate I get it. Hasan Minhaj is a funny guy. You’d have to be pretty sour not to get a few laughs out of a typical Minhaj monologue. The California-born stand-up comic, famous for his edgy set at the 2017 White House Correspondents Dinner, normally breaks … Read more

Global Petroleum Consultants Appoints New CEO

September 27, 2019 by EnergyNow Media

GLJ_NewHire_Dr. Erfan Sarvaramini_Energy Now_400x270_181112_FINAL

FOR IMMEDIATE RELEASE Calgary, AB, September 25, 2019 – GLJ Petroleum Consultants (GLJ) today announced that Jodi Anhorn, current GLJ executive vice president and chief operating officer, has been appointed as GLJ’s new president and chief executive officer. In addition, Chad Lemke has moved from vice president to executive vice president and chief operating officer, … Read more

New technology moves oilsands bitumen in shipping container to West Coast

September 27, 2019September 27, 2019 by The Canadian Press

CALGARY — Melius Energy says it has successfully tested a new technology that allows oilsands bitumen to be shipped as a semi-solid product in six-metre-long shipping containers.
The Calgary-based company says it moved 130 barrels of bitumen treated w…

Kenney defends oil curtailment program as maximum output inches higher

September 27, 2019September 27, 2019 by The Canadian Press

BANFF, Alta. — Alberta’s United Conservative government is again easing oil production limits for producers, setting a maximum production quota of 3.81 million barrels per day for December, up 250,000 bpd from the original limit set by the previous ND…

Imperial Oil to begin planned work at Sarnia site

September 26, 2019 by EnergyNow Media

September 26, 2019 Reuters A planned maintenance turnaround is expected to get underway in the next several days and continue for about two months at Imperial Oil Ltd’s Sarnia site, according to a local media website. Individual process units will come offline beginning this weekend and restart at various times within the overall period, the report … Read more

Toscana Announces Resignation of Director

September 26, 2019 by EnergyNow Media

September 26, 2019 Globe Newswire CALGARY, Alberta, Sept. 26, 2019 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation“) (TSX: TEI) announces that Mr. Don Copeland, Chairman of Toscana’s Board of Directors (the “Chairman”) is stepping down as Chairman and a member of the Board effective September 30, 2019 (the “Effective Date“). On … Read more

`Alberta government eases oil curtailment limits

September 26, 2019 by EnergyNow Media

September 26, 2019 The government of Canada’s main oil-producing province Alberta on Thursday eased oil curtailments for November and December, allowing producers to increase output to 3.80 million barrels per day and 3.81 million barrels per day respectively. Alberta has had oil curtailments in place since the start of the year to ease congestion on … Read more

Future Technology Will Solve Climate Change – Will It? Leonid Bershidsky

September 26, 2019 by EnergyNow Media

By Leonid Bershidsky and Tobin Harshaw Sep 25, 2019, 10:00 PM (Bloomberg Opinion) —On climate change, leaders have a tendency to make lofty long-term promises but take only baby steps to reach them. At the United Nations climate summit, German Chancellor Angela Merkel gave an interesting explanation for why: They believe technology eventually will pick … Read more

Climate Summit Update: Millions Demanded Climate Action and World Leaders Came Up Short

September 26, 2019 by EnergyNow Media

By Will Wade and Eric Roston Sep 26, 2019 (Bloomberg) Millions of people in 170 countries took to the streets to protest. World leaders lined up at the United Nations to pledge action. A 16-year-old girl, close to tears, shamed them for robbing her of a future.The pressure to act on climate change is mounting. … Read more

Oil Drops as Investors Weigh Saudi Recovery Against Trade Hope

September 26, 2019 by EnergyNow Media

By Alex Longley Sep 26, 2019 (Bloomberg) Oil fell as investors weighed Saudi Arabia’s quicker-than-expected recovery from the biggest attacks ever on its energy industry against prospects of a thaw in the U.S.-China trade war.Futures dipped 0.7% in New York after sliding 3.7% over the previous two sessions. Saudi Arabia has boosted production capacity to more than … Read more

Five Things to Know in World Business Today

September 26, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 26, 2019 (Bloomberg) Trump not out of the woods on impeachment, oil traders rattled by U.S. ship sanctions, and Europe’s money laundering scandal widens. Here are some of the things people in markets are talking about today. Backfiring The release of a rough transcript of the July call between President Donald Trump and … Read more

Melius Energy Ships Bitumen to International Markets From the Port of Prince Rupert

September 26, 2019 by EnergyNow Media

Successful shipment proves the viability of the BitCrude™ transportation solution that exceeds Canadian regulatory requirements. September 25, 2019 | Source: Melius Energy Melius Energy Melius Energy Transport Solution utilizes existing rail and vessel infrastructure. Melius Energy CALGARY, Alberta, Sept. 25, 2019 (GLOBE NEWSWIRE) — Calgary based Melius Energy has successfully transported bitumen from Edmonton, Alberta to … Read more

Japan to invest $10 bln in global LNG infrastructure projects – minister

September 26, 2019September 26, 2019 by EnergyNow Media

September 25, 2019 Reuters Japan and its private sector firms will invest $10 billion on liquefied natural gas (LNG) projects worldwide, the country’s industry minister said on Thursday, in a strategy to boost the global LNG market and reinforce the security of energy supply.The move, doubling a commitment by Japan two years ago to bolster energy … Read more

Decision on Canada’s Come-By-Chance refinery expansion expected in coming days

September 26, 2019 by EnergyNow Media

September 25, 2019 Reuters Canadian officials will decide in coming days whether to grant environmental approval for expansion and upgrades at the North Atlantic Refining-owned refinery in Come-by-Chance, the Department of Municipal Affairs and Environment in Newfoundland and Labrador said on Wednesday. The expansion, if approved, would increase output at the 130,000 barrels per day (bpd) … Read more

Baytex Announces Board and Management Changes

September 25, 2019 by EnergyNow Media

September 24, 2019 | Source: Baytex Energy Corp. CALGARY, Alberta, Sept. 24, 2019 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) announces changes to its board of directors and management team. Board of Directors Baytex has an ongoing board renewal process led by its Nominating and Governance Committee. In the last year, we have significantly … Read more

Carbon Taxes Won’t Do Enough to Slow Global Warming: Noah Smith

September 25, 2019September 25, 2019 by EnergyNow Media

By Noah Smith With crowds taking to the streets to call for action on climate change and activists haranguing the United Nations, the issue of global warming is once again front and center. The equivocation of former years seems belatedly to be giving way to a general realization that something must be done. The effort will be sweeping and global, and … Read more

Five Things to Know in World Business Today

September 25, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 25, 2019 Impeachment inquiry, Johnson back in Parliament, and Aramco IPO may be finally going ahead. Here are some of the things people in markets are talking about today. Investigation House Speaker Nancy Pelosi announced a formal impeachment inquiry of President Donald Trump, a move which is likely to dominate national politics … Read more

Enbridge receives permit for Michigan underwater supports on Line 5 oil pipeline

September 25, 2019 by EnergyNow Media

September 24, 2019 Reuters Canadian pipeline company Enbridge Inc said on Tuesday it has received a permit from the U.S. Army Corps of Engineers to install 54 steel supports along its underwater Line 5 pipeline in Michigan’s Straits of Mackinac. Line 5 ships 540,000 barrels per day of light crude oil and propane and is … Read more

Oil Declines as Saudi Arabia Restores Capacity Ahead of Schedule

September 25, 2019 by EnergyNow Media

Oil extended declines as Saudi Arabia was said to be ahead of schedule in restoring its output capacity. Futures lost as much as 1.5% in New York after dropping 2.3% on Tuesday. Saudi Aramco’s production capacity now exceeds 11 million barrels a day, beating a self-imposed deadline by about a week, according to people with knowledge of … Read more

Saudi Oil Capacity Recovers Faster Than Expected From Attack

September 25, 2019 by EnergyNow Media

By Anthony DiPaola Sep 25, 2019 (Bloomberg) Saudi Arabia is recovering faster than expected from the biggest attacks ever on its oil industry, beating its own target for restoring capacity by about a week. State oil producer Saudi Aramco has boosted total production capacity to more than 11 million barrels a day, according to people … Read more

Roundup of Oil and Gas Blockchain Developments – Geoffrey Cann

September 25, 2019September 25, 2019 by EnergyNow Media

By Geoffrey Cann I’m addressing a blockchain conference this week on the future of blockchain technology for the oil and gas industry. Here’s a likely summary of my remarks. It’s taken a couple of years for evidence to finally emerge that blockchain technology can make an impact on oil and gas. I first wrote about … Read more

XI Technologies: How the oil and gas industry can adapt to today’s challenges – Two October Webinars

September 25, 2019September 25, 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. Last week, XI had the opportunity to take part in two important … Read more

Stalled License Transfer? Edge Liability Risk Management Can Help

September 25, 2019 by EnergyNow Media

Stalled licence transfer? Edge Liability Risk Management (“Edge”) has developed an innovative Liability Transfer Model to complete deals that were previously rejected due to environmental liability or Licensee Liability Rating and Liability Management Rating (“LLR/LMR”) concerns. An exploration & production (“E&P”) company can transfer inactive wells or infrastructure to Edge to instantly remove the inactive … Read more

Oceans, glaciers at increasing risk, including Canada’s: climate report

September 25, 2019September 25, 2019 by The Canadian Press

Damage to Earth’s oceans and glaciers from climate change is outpacing the ability of governments to protect them, a new report from an international scientific panel concludes.
“The capacity of governance systems in polar and ocean regions to respond…

A Letter to Catherine McKenna About Climate Change & Liberal Climate Change Policies – Deidra Garyk

September 25, 2019September 25, 2019 by EnergyNow Media

Catherine.McKenna@parl.gc.ca Dear Honourable Catherine McKenna, I am writing in response to your many interviews and comments related to climate change and the Liberals’ climate policies, as well as your direct attacks on Canada’s oil and gas sector and the people who work in it, people like me. Minister, have you even been to Alberta or … Read more

Comment invited as proposed Haisla Nation LNG project enters regulatory process

September 25, 2019September 25, 2019 by The Canadian Press

VANCOUVER — The Impact Assessment Agency of Canada is inviting comment from the public and Indigenous groups until Oct. 20 on a Haisla Nation proposal to build a floating LNG project near the northern B.C. community of Kitimat.
The proposed Cedar LNG …

Alberta to unveil budget on Oct. 24, spending cuts loom

September 25, 2019September 25, 2019 by EnergyNow Media

September 23, 2019 Reuters Alberta will unveil its first budget on Oct. 24, the premier said on Monday, warning that “difficult decisions” would need to be made on spending to help tackle hefty deficits. Premier Jason Kenney and his United Conservative Party were elected in April, ousting the left-leaning New Democratic Party (NDP), with promises to … Read more

On September 26th! – Open House in Edson for Techmation Electric & Controls – All Clients Welcome: Details HERE

October 21, 2019September 24, 2019 by EnergyNow Media

We are proud to announce we have relocated our branch office in Edson Alberta Our new office is located at: 2606, 1st Ave Edson, Alberta T7E 1N9 Our Electrical and Instrumentation services include: Facility/Wellsite Construction E-House Fabrication Control Panel Assembly Commissioning & Startup Services Maintenance Services – 24 Hour on call Fibre Optic Installation and … Read more

Federal judge grants B.C. injunction against Alberta’s turn-off-the-taps law

September 24, 2019September 24, 2019 by The Canadian Press

CALGARY — A Federal Court judge has granted the British Columbia government a temporary injunction against an Alberta law that could have limited oil exports to other provinces.
In a decision released Tuesday, Justice Sebastien Grammond said Alberta’s…

Five Things to Know in World Business Today

September 24, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 24, 2019 (Bloomberg) China grants new waivers on U.S. agricultural purchases, Boris Johnson loses in Supreme Court, and Trump’s Ukraine problems are not going away. Here are some of the things people in markets are talking about today. More relief Chinese authorities granted companies waivers to buy between 2 and 3 … Read more

Oil Slips on Signs of Returning Saudi Output as Doubts Linger

September 24, 2019 by EnergyNow Media

By Heesu Lee and Alex Longley Sep 24, 2019 (Bloomberg) Oil edged lower on signs Saudi Arabia is making progress in restoring lost output even as uncertainty remains about the kingdom’s ability to meet its timeline of a full return by the end of the month.Futures dropped 1% in New York after rising 1% on … Read more

Climate Week Update: Big Oil CEOs Talk Climate Change, Methane and Why They Need Natural Gas

September 24, 2019 by EnergyNow Media

By Simon Casey and Naureen S. Malik Sep 24, 2019 (Bloomberg) One of the opening events of Climate Week in New York offered a rare sight — nine bosses of some of the world’s largest oil and gas companies in one room. The occasion was the Oil and Gas Climate Initiative, an industry-supported organization whose … Read more

It’s Climate Week: Here is an Update as Energy Companies Get Involved

September 24, 2019 by EnergyNow Media

By Nic Querolo, Christopher Martin and Will Wade Sep 24, 2019 (Bloomberg) Climate Week is underway. That means some the globe’s most powerful corporate leaders are making pledges to be greener as heads of state gather in New York to discuss ways to stop the planet from warming.The main event was held on Monday at … Read more

Gear Energy Ltd. Announces Toronto Stock Exchange Approval for Normal Course Issuer Bid

September 24, 2019 by EnergyNow Media

September 23, 2019 CNW CALGARY, Sept. 23, 2019 /CNW/ – Gear Energy Ltd. (“Gear“) (TSX: GXE) is pleased to announce that the Toronto Stock Exchange (“TSX“) has granted approval for Gear to commence a normal course issuer bid (the “NCIB“). Under the NCIB, Gear may purchase for cancellation up to 10,954,673 common shares (the “Shares“) of Gear, representing … Read more

Eight energy firms dropped from Canada’s main equity index

September 24, 2019September 24, 2019 by EnergyNow Media

September 23, 2019 Reuters Eight Canadian energy companies were booted out of the S&P/TSX Composite Index on Monday because their market capitalization has dropped below minimum requirements, the latest sign of difficulties facing the country’s oil and gas sector.Analysts said the rebalancing of Canada’s flagship index underlined the challenge to energy companies in attracting investment … Read more

‘It’s on:’ Kenney vows to counter Texas efforts to lure Canadian companies south

September 24, 2019September 24, 2019 by The Canadian Press

CALGARY — Alberta’s premier has a message for Texas firms looking to lure Canadian businesses to the Lone Star State — it’s on.
Jason Kenney said there has been a huge flight of money and jobs from Alberta’s energy sector to Texas in recent years.
“An…

Delphi Energy Corp. Announces Recapitalization Transaction and Board Changes

September 23, 2019 by EnergyNow Media

September 23, 2019 Globe Newswire **Not for distribution to United States News Services or Dissemination in the United States** CALGARY, Alberta, Sept. 23, 2019 (GLOBE NEWSWIRE) — September 23, 2019 – Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce a significant recapitalization transaction (the “Recapitalization Transaction”) that repositions the Company for future growth and value … Read more

85% SOLD OUT! PJVA Luncheon: BRETT WILSON: The Lost Art of Critical Thinking – October 10, 2019 at Calgary Petroleum Club – Details & Tickets

September 23, 2019September 23, 2019 by EnergyNow Media

When: Date Thursday, October 10, 2019 Time 11:30 am – 1:30 pm Location: The Calgary Petroleum Club 319 – 5 Avenue SW Devonian Room GET TICKETS HERE Topic The Lost Art of Critical Thinking with W. Brett Wilson W. Brett Wilson – “Dragon Emeritus” from CBC’s hit reality TV show Dragons’ Den, recipient of the … Read more

Carbon Engineering expanding capacity of its commercial Direct Air Capture plant to provide negative emissions to customers

September 23, 2019 by EnergyNow Media

Expansion comes in response to demand for additional capacity from corporate entities. Squamish, B.C. – Canadian clean energy company, Carbon Engineering Ltd. (CE), today announced it is expanding the capacity of the design for its first commercial Direct Air Capture (DAC) plant, to enable corporate customers to permanently remove carbon dioxide (CO2) emissions from the … Read more

Five Things to Know in World Business Today

September 23, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 23, 2019 (Bloomberg) “Constructive” trade talks, more bad news for Europe’s economy, and a raft of corporate news. Here are some of the things people in markets are talking about today. Farm relief The news that a Chinese trade delegation cancelled a planned visit to U.S. farms on Friday caused an outbreak of … Read more

‘We’re Ready for Them:’ Texans See Opportunity in Western Canadian Malaise

September 23, 2019September 23, 2019 by The Canadian Press

CALGARY — The brochure’s cover has the Texas flag as a backdrop and shows an arrow pointing from Alberta to the Lone Star State.
“Arrowstar Realty invites you to relocate to Texas,” reads the mailer sent to businesses across Western Canada recently. “…

The World’s Oil Security Blanket Has Been Torched: Julian Lee

September 23, 2019 by EnergyNow Media

By Julian Lee Sep 22, 2019 (Bloomberg Opinion) The real impact of the attack on Saudi oil installations last weekend goes well beyond the temporary loss of 5% of global oil production: It strikes at the heart of the mechanism that’s guaranteed the security of the world’s crude supply for most of the past 50 years.Ever since the … Read more

Big Oil Prepares to Defend Big Gas as Climate Week Begins

September 23, 2019 by EnergyNow Media

By Kevin Crowley Sep 22, 2019 (Bloomberg) Championed by Big Oil as the fastest way to reduce emissions and reviled by environmentalists who say the world needs to ditch all fossil fuels — the debate over natural gas may be one of the controversial aspects of climate change.The arguments will get an airing as politicians, … Read more

There’s a Bull Case for Canadian Stocks Even After Record Highs

September 23, 2019September 23, 2019 by EnergyNow Media

By Divya Balji, Nick Lichtenberg and Yueqi Yang Sep 23, 2019, 3:00 AM (Bloomberg) After a week of fresh highs, Canadian stocks are still cheap.The S&P/TSX Composite Index is trading below the five-year average of its forward price-to-earnings ratio, despite hitting seven records since Sept. 13. Relative to U.S. equities, the main Canadian stock gauge … Read more

Oil Drops Amid Conflicting Reports About Speed of Saudi Recovery

September 23, 2019 by EnergyNow Media

By Rakteem Katakey Sep 23, 2019 (Bloomberg) Oil fell as traders weighed conflicting reports on whether Saudi Arabia will succeed in restoring its lost production by the end of this month, while concerns over demand returned following gloomy European data.Brent crude fell 0.5%, reversing earlier gains. Saudi Arabia, which has reiterated it will bring back all lost … Read more

Accelerating Industry Adoption of Greenhouse Gas Reduction Technologies – Saskatchewan Research Council (SRC)

September 23, 2019September 23, 2019 by EnergyNow Media

The following article is an excerpt from a blog post on the Saskatchewan Research Council’s (SRC) blog From the Lab to the Loading Dock. Read the full article. Don’t miss SRC’s Technology and Innovation Theatre (Booth 1044) at the SPE Annual Technical Conference and Exhibition, Sept. 30 – Oct. 2, 2019. View the presentation schedule. … Read more

TECHNICAL REPORT: Black Powder Contamination – Composition & Formation

September 23, 2019 by EnergyNow Media

In the last paper, titled “Introduction to Black Powder Contamination”, the formation of Black PowderTM (black powder) contamination was discussed along with a general discussion about its facility impacts. It was discussed that black powder contamination is a highly prevalent form of contamination that exists in various degrees in most, if not all, hydrocarbon applications. … Read more

Schachter Eye on Energy: Iranian extremists blow up chance of raproachment with the west with thier attack on Saudi oil facilities

September 23, 2019September 23, 2019 by EnergyNow Media

Top three cost-saving benefits of building roads with Tough Cell®

October 18, 2019September 23, 2019 by EnergyNow Media

This article was originally published on blog.paradoxaccess.com When it comes to designing transportation infrastructure, only some engineering firms proactively seek out new roadbuilding technologies. Instead, many choose to stick to conventional roadbuilding methods – a decision that isn’t necessarily in your company’s best interest. In 2012, engineering firm Stratum Logics worked with Paradox Access Solutions Inc., Stratum’s sister company, … Read more

GLJ Acquires Verdazo’s Machine Learning Technology & Consulting Practice

September 23, 2019 by EnergyNow Media

Calgary, AB – GLJ Petroleum Consultants has acquired the machine learning technology, software and consulting practice from Verdazo Analytics. The acquisition is a strategic move following a recent partnership with Verdazo on the Spirit River Machine Learning Study, when it became increasingly evident that the need for consistent regional geoscience analysis was a challenge for most … Read more

Canada Weekly Rig Count Down 15 for Week Ending September 20, 2019

September 23, 2019September 23, 2019 by EnergyNow Media

Canada’s drilling rig count is down 15 actively drilling rigs according to data collected by Baker Hughes for the week ending September 20, 2019 From one week ago, Alberta rig counts decreased 9 to 77 and the Saskatchewan rig count decreased 5 to 30. Oil drilling decreased 11 to 82 and gas decreased … Read more

Brad Wall: Recent Court Decisions on TMX- Actually Positive

September 23, 2019September 23, 2019 by EnergyNow Media

September 20, 2019 Brad Wall Canoe Financial Bias confirmation. We’ve all experienced it. Like when we buy a new vehicle, a make and model we haven’t really noticed or favoured before. In fact, in the back of our mind, while we were doing the sales dance in the showroom, the doubts keep creeping in. Why … Read more

Are You Attending? Join the Indigenous Workforce Summit for HR Professionals and Business Owners – October 16th, Calgary

September 22, 2019 by EnergyNow Media

PLAN TO ATTEND! Workforce Forward Does your organization have an Indigenous inclusion strategy? Are you aware of the best practices for hiring, retaining and supporting Indigenous talent? Are you focused on creating pathways to employment? Equip your leadership group with the right training to develop and grow an inclusive environment for your future Indigenous talent. … Read more

U.S. oil drillers cut rigs to lowest since May 2017 -Baker Hughes

September 20, 2019 by EnergyNow Media

September 20, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to the lowest since May 2017, even as crude prices jumped more than 7% this week after an attack halved output in the world’s top oil exporter Saudi Arabia.Drillers cut 14 oil rigs … Read more

New LNG technology developed at University of Calgary touted as greener, cheaper

September 20, 2019September 20, 2019 by The Canadian Press

CALGARY — University of Calgary researchers focused on nanotechnology say they have developed a cheaper and more environmentally friendly way to create liquefied natural gas.
The Split Flow Integrated LNG process uses specialized materials and chemist…

PSAC Meets with Business Leaders in Ontario for a Critical Discussion on the Future of Energy in Canada and Across Ontario

September 20, 2019 by EnergyNow Media

FOR IMMEDIATE RELEASE: PSAC Meets with Business Leaders in Ontario for a Critical Discussion on the Future of Energy in Canada and Across Ontario Vaughan’s business leaders emphasize need for increased investment into the oil and gas industry VAUGHAN, ON (September 19, 2019) – Today, the Petroleum Services Association of Canada (PSAC) met with business leaders gathered and hosted … Read more

Real crunch from Saudi Arabia’s oil outage has yet to be felt

September 20, 2019 by EnergyNow Media

September 19, 2019 Reuters Saudi Arabia’s ability to avert a global oil supply crunch will only become clear in a few weeks, because for now its crude held in storage can fill the gap and mask the scale of damage to its facilities, traders and analysts say. Riyadh says production will be back to normal levels … Read more

Five Things to Know in World Business Today

September 20, 2019 by EnergyNow Media

By Laura Curtis Sep 20, 2019 (Bloomberg) It’s all repo madness, rogue trading, and Brexit hype hope. Here are some of the things people in markets are talking about today. Repo madness Pressure is mounting on the Federal Reserve to take more aggressive steps to address stress in U.S. funding markets as swap spreads tumbled to record lows Thursday. The New York … Read more

Oil Posts Biggest Weekly Gain in Eight Months After Saudi Attack

September 20, 2019September 20, 2019 by EnergyNow Media

By Sheela Tobben Sep 20, 2019 (Bloomberg) Oil edged lower on Friday but still posted the biggest weekly gain in months, days after an attack on a key Saudi Arabian facility roiled markets.Brent rose 6.7% this week, the largest weekly gain since January, while West Texas Intermediate oil registered the biggest weekly rise since June. … Read more

The World’s Biggest Offshore Wind Farm Will Be as Cheap as Coal

September 20, 2019 by EnergyNow Media

By William Mathis Sep 20, 2019 (Bloomberg) The world’s biggest offshore wind park planned off the coast of England will probably in the next decade generate power cheaper than by burning coal. A number of offshore wind projects won contracts to sell power at guaranteed prices in a U.K. auction Friday. The price of 39.65 … Read more

B.C. Won’t use Court Ruling as Tactic in Pipeline Battle: Environment Minister

September 20, 2019September 20, 2019 by The Canadian Press

VANCOUVER — Environment Minister George Heyman says British Columbia can’t stop the Trans Mountain pipeline expansion project but will use a court-ordered review of its environmental assessment certificates to protect the environment and coastal econo…

Scheer Would Fast Track Pipeline Fights Right To Supreme Court

September 20, 2019September 20, 2019 by EnergyNow Media

September 18, 2019 The Canadian Press A Conservative government would overcome legal objections to building new petroleum pipelines by fast-tracking any cases right to the Supreme Court, party leader Andrew Scheer says.Scheer and other Conservatives have for years said Ottawa has to “assert federal jurisdiction” to get important projects built, but he has not until now … Read more

California promises fight to keep auto emission authority

September 22, 2019September 19, 2019 by The Canadian Press

SACRAMENTO, Calif. — Preparing for a lengthy legal battle with the Trump administration about how much pollution to allow from cars, California regulators on Thursday said they were considering cracking down on other emissions to make up for any impac…

Five Things to Know in World Business Today

September 19, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 19, 2019 (Bloomberg) Fed move puts inversion back on the radar, a raft of central-bank decisions, and the OECD cuts global outlook. Here are some of the things people in markets are talking about today. Divided, they fall The Federal Reserve’s 25 basis-point interest rate cut yesterday was accompanied by forecasts that showed officials were … Read more

Solar and Wind Power So Cheap They’re Outgrowing Subsidies

September 19, 2019 by EnergyNow Media

By Mark Chediak and Brian Eckhouse Sep 19, 2019 (Bloomberg) For years, wind and solar power were derided as boondoggles. They were too expensive, the argument went, to build without government handouts.Today, renewable energy is so cheap that the handouts they once needed are disappearing. On sun-drenched fields across Spain and Italy, developers are building … Read more

Oil Rises Amid Doubts About Speed of Saudi Recovery From Attacks

September 19, 2019 by EnergyNow Media

By Grant Smith Sep 19, 2019 (Bloomberg)Oil rose amid doubts about the speed of Saudi Arabia’s recovery from the weekend’s attack on its facilities that knocked out a large chunk of its production.Futures gained 2.1% in New York after paring around half of Monday’s 15% surge over the past two days. The Saudis asked Iraq’s … Read more

World’s Biggest Wind Turbines Coming to U.S. Waters, Care of GE

September 19, 2019 by EnergyNow Media

By Christopher Martin (Bloomberg) The tallest, most powerful wind turbines ever made are coming to U.S. waters care of General Electric Co. Denmark-based Orsted A/S plans to use 12-megawatt turbines made by GE for projects off the coast of Maryland and New Jersey, according to a statement from the companies Thursday. The 853-foot (260-meter) turbines … Read more

Prairie Provident Announces Significant Incremental Reserves Booking Attributable to Evi Waterflood

September 19, 2019 by EnergyNow Media

September 18, 2019 16:30 ET | Source: Prairie Provident Resources Inc. CALGARY, Alberta, Sept. 18, 2019 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of an updated independent reserves evaluation of the Company’s interests in respect to specific reserve entities within three future undeveloped waterflood expansion … Read more

Trump bars California from setting stricter fuel standards

September 22, 2019September 18, 2019 by The Canadian Press

WASHINGTON — President Donald Trump announced Wednesday that his administration is revoking California’s authority to set auto mileage standards stricter than those issued by federal regulators, a move critics said would result in less fuel efficient …

Oil price drops for 2nd day as Saudi crude output recovers

September 18, 2019September 18, 2019 by The Canadian Press

NEW YORK — The price of oil fell Wednesday after Saudi officials announced oil production halted by an attack on the heart of its oil industry would be fully restored within weeks.
Prices continued to slide even as the Saudi military blamed Iran for t…

Five Things to Know in World Business Today

September 18, 2019 by EnergyNow Media

By Laura Curtis Sep 18, 2019 (Bloomberg) It’s decision day at the Fed, money markets are set to get another cash infusion, and Iran passed a note to America. Here are some of the things people in markets are talking about today. Fed day The Federal Reserve is widely expected to reduce interest rates by a … Read more

Oil Stabilizes as Saudi Output Restoration Calms Market Fears

September 18, 2019 by EnergyNow Media

By Saket Sundria Sep 18, 2019 (Bloomberg) Oil stabilized on signs Saudi Arabia is quickly restoring production following a debilitating weekend attack, after two tumultuous days in which it surged the most on record and then pared almost half of that gain. Brent slid on Wednesday, having tumbled the previous day as Saudi Aramco said it had … Read more

Saudi Oil Attack Damages Kingdom’s Role as Guardian of Market

September 18, 2019 by EnergyNow Media

By Grant Smith Sep 18, 2019 (Bloomberg) Saudi Arabia is fixing its energy infrastructure and restoring crude production, but the weekend’s attacks may have done irreparable damage to one of the kingdom’s greatest assets — its role as guardian of global oil markets.For decades, Riyadh has kept a buffer of spare production capacity that was used as … Read more

Oil Sands Conference: Discussing the Future of Resource Development In Canada – Sunexo Solutions

September 18, 2019 by EnergyNow Media

Key takeaways: Indigenous people have been unfairly characterized as opposed to development. Direct revenue sharing with First Nations provides a path forward for legitimizing future projects. The oil sands specifically provide tangible economic opportunities for Indigenous people to prosper. The future of resource development in Canada is bright and has the potential to positively impact … Read more

Save Hours (And Money) with a Modern EHS Management System – Workaware

September 18, 2019September 18, 2019 by EnergyNow Media

“If each of your employees only make minimum wage, but become a couple hours more efficient in one month, the software has already paid for itself multiple times over.” As regulatory bodies continue to increase industry standards, traditional EHS Management systems are rendered inadequate for handling high volumes of information. Spreadsheets or outdated technology … Read more

WEBINAR: Pipeline Projects – Digitizing the Process, September 26, 9AM MST

September 18, 2019 by EnergyNow Media

A guide to using software to manage your field activities Can you easily track actual costs vs. budgeted costs? Do you know how many miles of pipe you need to build this week to stay on track? Do you know how much money your projects are making? If you answered “no” to any of the … Read more

XI Technologies: How to more effectively manage drilling budgets, mitigate risks, and reduce non-productive time

September 18, 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. It’s no secret that drilling activity throughout the Western Canadian Sedimentary Basin … Read more

TriCore Offers Producers a Unique Opportunity to Reduce Methane Emissions for Free

September 18, 2019 by EnergyNow Media

Since TriCore Carbon Solutions (TriCore) won the best New Clean Technology award at the Global Petroleum Show, parent company Carbon Credit Solutions Inc. (CCSI) CEO Ed Alfke and President Alastair Handley have expanded their planet positive tech solutions in the oil & gas sector, acquiring Cap-Op Energy (Cap-Op). The result? Today, CCSI provides an … Read more

Alberta inquiry into oil and gas foes could face legal challenge from Ecojustice

September 18, 2019September 18, 2019 by The Canadian Press

CALGARY — An environmental law group is threatening legal action if the Alberta government’s inquiry into the funding of oil and gas industry foes continues as is.
Vancouver-based Ecojustice issued the warning in a letter to inquiry commissioner Stev…

The Father of Oil Sands Extraction – Dr. Karl Clark’s patent proved vital to Alberta’s energy future

September 18, 2019September 18, 2019 by EnergyNow Media

Courtesy of the AER – See Orginal Sory HERE Dr. Karl Clark at work. The year was 1929, and as the world entered the Great Depression, a chemist from Ontario was busy pursuing a patent for a game-changing oil sands technology. Although Dr. Karl Clark merely suspected it at the time, his discovery of how … Read more

Open Letter to the Government of Canada – Part 2: William Lacey – Chris Wollin

September 18, 2019September 18, 2019 by EnergyNow Media

September 17, 2019 William Lacey Dear Prime Minister, Senators, Honourable MPs and Mr. Vandal, A few weeks past I wrote an Open Letter in order to highlight my concerns regarding my not being allowed to enter the Senate of Canada with my “I ♥ Canada Oil + Gas” shirt as it may offend some people. Shortly after publishing … Read more

Gibson Energy Announces Closing of $500 Million Medium Term Note Offering and Redemption of $300 Million Senior Unsecured Notes Due 2022

September 17, 2019 by EnergyNow Media

September 17, 2019 Globe Newswire All financial figures are in Canadian dollars unless otherwise noted Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that it has closed the previously announced offering of $500 million senior unsecured medium term notes, Series 1 (the “Notes”). The Notes will have a fixed coupon rate of … Read more

Minnesota court declines to review Enbridge Line 3 pipeline approval

September 17, 2019 by EnergyNow Media

September 17, 2019 Reuters The Minnesota Supreme Court on Tuesday declined to hear environmental and tribal challenges to Enbridge Inc’s Line 3 oil pipeline, a decision that removes one potential obstacle for the already-delayed project. The ruling means the Minnesota Public Utilities Commission (MPUC), the state regulator that approved the Line 3 project last year, will … Read more

Suncor CEO says he’s not counting on oil risk premium after Saudi attacks

September 17, 2019September 17, 2019 by The Canadian Press

CALGARY — The CEO of Suncor Energy Inc. says his company isn’t counting on higher cash flow despite analyst expectations of a “risk premium” on crude oil prices in the wake of last weekend’s attacks on Saudi Arabian oil facilities.
Benchmark oil price…

Hemisphere Energy achieves milestone production exceeding 2000 boe/d

September 17, 2019 by EnergyNow Media

September 17, 2019 CNW VANCOUVER, Sept. 17, 2019 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) is pleased to provide an operational and production update on its southern Alberta oil assets. Based on field estimates, average corporate production between September 1 and September 15, 2019 has been approximately 2,020 boe/d (96% oil). This represents an increase of approximately 45% over … Read more

Oil plummets 6% as Saudi says oil production fully restored

September 17, 2019 by EnergyNow Media

September 17, 2019 Reuters Oil prices dropped about 6% on Tuesday after Saudi Arabia’s energy minister said the kingdom has fully restored its oil production hit by an attack this weekend that shut 5% of global oil output. Saturday’s attacks raised the specter of a major supply shock in a market that in recent months has … Read more

Oil prices drop ahead of update on Saudi oil production

September 17, 2019 by The Canadian Press

NEW YORK — Oil prices are falling a day after their biggest single-day jump in years due to a weekend attack on a key Saudi Arabia energy facility.
U.S. oil fell nearly 5% to $59.96 a barrel Tuesday while Brent, the international benchmark, is down 5….

Oil’s Dramatic Advance Pauses as Market Awaits Saudi Clarity

September 17, 2019 by EnergyNow Media

By James Thornhill and Saket Sundria Sep 17, 2019 (Bloomberg) Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply.As state oil giant Saudi Aramco grows less optimistic that there’ll be a rapid recovery after the strikes that … Read more

Saudis Face Lengthy Oil Halt With Few Options to Fill Gap

September 17, 2019 by EnergyNow Media

By Anthony DiPaola, Javier Blas and Julian Lee Sep 17, 2019 (Bloomberg) The oil market is facing a prolonged disruption to Saudi Arabia’s oil production with few options for replacing such huge output losses.The weekend attacks on the kingdom eliminated about 5% of global oil supply — and raised the risk of more conflict in … Read more

Five Things to Know in World Business Today

September 17, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 17, 2019 (Bloomberg) Aramco production could take months to restore, WeWork IPO is delayed, and Johnson gets his day in court. Here are some of the things people in markets are talking about today. Oil pressure Saudi Aramco could take months to fully restore output at its giant Abqaiq plant with oil analysts saying that damage at … Read more

Outspoken Imperial Oil CEO Rich Kruger stepping down later this year

September 17, 2019September 17, 2019 by The Canadian Press

CALGARY — One of the oilpatch’s most outspoken critics of Canadian federal and provincial energy policy is retiring at the end of this year.
Imperial Oil Ltd. announced Tuesday that chairman and chief executive Rich Kruger will step down after leading…

After Saudi Oil Drone Attack, Canada Touts Its Remoteness and Security

September 17, 2019 by EnergyNow Media

By Catherine Ngai and Kevin Orland Sep 16, 2019 (Bloomberg) Canada is counting on its geographical isolation as a key to protecting itself from attacks like the one this past weekend in Saudi Arabia that knocked about 5% of global supply offline. As oil producers, traders and analysts grapple over the implications of what energy security looks … Read more

Alberta’s Kenney Sees ‘Likely’ Curtailment Exemptions for Rail

September 17, 2019 by EnergyNow Media

By Kevin Orland Sep 16, 2019 (Bloomberg) Alberta Premier Jason Kenney says it’s likely his government will allow oil producers to exceed their provincially imposed output caps if they can ship those extra barrels by rail. Energy Minister Sonya Savage is in “very serious discussions” with producers this week on the idea of exempting incremental … Read more

On the Offensive! Alberta’s Kenney Touts ESG Credentials in Meetings With Foreign Investors

September 17, 2019 by EnergyNow Media

By Kevin Orland and Catherine Ngai Sep 17, 2019 (Bloomberg) Forget Canadian nice. Alberta Premier Jason Kenney, whose province produces more oil than most OPEC nations, has a message for environmentalists, investors and anyone else who will listen: The world needs more Canadian crude, and standing in the way is foolish. Kenney’s United Conservative Party … Read more

How the Saudi attack affects global oil supply

September 17, 2019September 17, 2019 by EnergyNow Media

September 16, 2019 Reuters Saudi Aramco Refinery The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months.Here are some facts about the impact on oil supply and spare capacity: WHY IS IT SO DISRUPTIVE FOR GLOBAL … Read more

Climate Alarmism, Cleavage Politics and the Federal Election – David Yager

September 17, 2019September 17, 2019 by EnergyNow Media

By David Yager For the first time in Canada’s short and dull history, the future of the world depends upon how we vote in upcoming election. This is an enormous responsibility. Choose your vote carefully. How can a country with only 0.5% of the population and no meaningful military become this important? Climate change. Green … Read more

Osprey Informatics and Infrastructure Networks Trade CEOs

September 17, 2019 by EnergyNow Media

Mark Slaughter, left – Scott Crist, right Scott Crist Appointed CEO of Osprey Mark Slaughter Named CEO of Infrastructure Networks Both CEOs to Remain Active on each other’s Board of Directors HOUSTON AND CALGARY, September 17, 2019 – In a move more common in major league sports free agency periods, Osprey Informatics (“Osprey”), the leader … Read more

Take Action This Fall! Market Your Company on EnergyNow and Generate More Leads – See Our Marketing Bundles

September 17, 2019September 17, 2019 by EnergyNow Media

Market Your Company on EnergyNow Don’t Be Left Behind in Your Marketing Get Started With One of Two Marketing Bundles from EnergyNow Access the EnergyNow Website, Daily Email, Social Media (Linkedin etc.) and EnergyNow SHOWCASE Digital Marketplace For more information and to download the list of specials, please fill out the form below and include … Read more

An Open Letter to Amnesty International’s Attack on Alberta and Canada’s Energy Industry – Lisa Bzdurreck

September 17, 2019September 17, 2019 by EnergyNow Media

Alex Neve, Secretary General Amnesty International Canada So, you’re joining the fight against a small province, and beleaguered industry, who have endured years of bullying, intimidation, discriminatory government policy, slander, and harassment, while accusing us of human rights violations? Interesting. Jason Kenney campaigned on the promise to expose a coordinated effort to destroy the livelihood … Read more

Saudi Arabian attacks linked to higher oil prices, spark energy stock rally

September 16, 2019September 16, 2019 by The Canadian Press

CALGARY — Higher oil prices spurred by an attack on Saudi Arabian oil facilities boosted the Canadian energy sector on Monday but are expected to result in higher fuel prices for consumers.
The index that tracks leading energy company share prices on …

Delphi Energy Corp. Announces Close of Alliance Service Sale and Agreement to Reactivate Alliance Lateral Line

September 16, 2019 by EnergyNow Media

September 16, 2019 | Source: Delphi Energy Corporation CALGARY, Alberta, Sept. 16, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the closing of the sale of a portion of its Alliance Service and the execution of an Interconnection Development Agreement with Alliance Pipeline Limited Partnership to reactivate its lateral line to the company-owned Bigstone West Gas Plant located … Read more

Five Things to Know in World Business Today

September 16, 2019 by EnergyNow Media

By Joe Easton Sep 15, 2019 (Bloomberg) Good morning. A devastating attack on a Saudi Arabia oil facility sent crude oil futures soaring, rippling through other markets. Boris Johnson is once again backing his Halloween Brexit date, and Chinese economic data continues to show evidence of the trade war’s impact. Here’s what’s moving markets. Saudi Strike … Read more

Oil-Price Shock Couldn’t Come at Worse Time for World Growth

September 16, 2019 by EnergyNow Media

By Enda Curran Sep 16, 2019 (Bloomberg) The record oil-price surge after a drone strike on a Saudi Arabian oil facility couldn’t come at a worse time for a world economy already in the grip of a deepening downturn. While the severity will depend on how long the price spike endures, the development will further erode business … Read more

Aramco Less Optimistic on Pace of Oil Output Recovery

September 16, 2019 by EnergyNow Media

Will Kennedy and Javier Blas Sep 16, 2019 (Bloomberg) Saudi Aramco officials are growing less optimistic that there will be a rapid recovery in oil production after the attack on the giant Abqaiq processing plant, a person with knowledge of the matter said.All eyes are on how fast the kingdom can recover from the weekend’s … Read more

10 Canadian Energy Questions You Can Ask Your Federal Election Candidate – Deidra Garyk

September 16, 2019September 16, 2019 by EnergyNow Media

by Deidra Garyk Governments are currently operating in an environment of declining trust. Citizens feel so disenfranchised by government and politicians that they are not even taking the time to vote. This is a concern in a democratic society that relies on citizens to set the priorities of the country, province, or city. In the … Read more

Canada Weekly Rig Count Down 13 for Week Ending September 13, 2019

September 16, 2019September 16, 2019 by EnergyNow Media

Canada’s drilling rig count is down 13 actively drilling rigs according to data collected by Baker Hughes for the week ending September 13, 2019 From one week ago, Alberta rig counts decreased 11 to 86 and the Saskatchewan rig count decreased 2 to 35. Oil drilling decreased 9 to 93 and gas decreased 4 to … Read more

Oil prices surge 15% after attack on Saudi facility hits global supply

September 16, 2019September 16, 2019 by EnergyNow Media

By Serene Cheong and Dan Murtaugh Sep 16, 2019 (Bloomberg) —Oil posted its biggest ever intraday jump, briefly surging above $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies and raised the specter of more destabilization in the region.In an extraordinary start to trading on Monday, … Read more

COMMENTARY – Saudi Arabia Drone Attack: What it Could Mean for Oil’s Future: Liam Denning

September 16, 2019September 16, 2019 by EnergyNow Media

By Liam Denning Sep 14, 2019 We’re about to find out just how laid back the oil market really is. It has shrugged off sanctions on Iran, exploding tankers and drones getting shot down over the Strait of Hormuz. But this weekend’s strike against Saudi Arabia’s Abqaiq processing facility – perhaps the single most important … Read more

Its Lifeblood Attacked, What Are Saudi Arabia’s Options Now?

September 15, 2019 by EnergyNow Media

By Zainab Fattah Sep 15, 2019 (Bloomberg) A predawn attack on the heart of Saudi Arabia’s energy industry knocked out half of the country’s oil production and raised the prospect of retaliation. The U.S., without providing evidence, blamed the strike by a swarm of armed drones on the kingdom’s arch rival Iran. Iran has denied … Read more

Fall 2019 Essential HR Updates: What Employers & Employees Need to Know – Wendy Ferguson

September 15, 2019September 15, 2019 by EnergyNow Media

A commentary by Wendy Ferguson An abundance of employment legislation changes have taken place in Alberta and Canada this September and it is important that employers ensure compliance and that employees are informed. I felt it appropriate to kick off the season with an important update with respect to all areas of HR in Alberta! Alberta Employment … Read more

Schachter Eye on Energy: Crude retreats as Iran may gain some sanction relief from President Trump

September 15, 2019September 15, 2019 by EnergyNow Media

Saudi Oil Output Cut in Half After Drones Strike Aramco Site

September 15, 2019September 14, 2019 by EnergyNow Media

By Nayla Razzouk and Javier Blas Sep 14, 2019 (Bloomberg) Saudi Arabia’s oil production was cut by half after a swarm of explosive drones struck at the heart of the kingdom’s energy industry and set the world’s biggest crude-processing plant ablaze — an attack blamed on Iran by the top U.S. diplomat.Iran-backed Houthi rebels in … Read more

Pason Power Inc. and Energy Toolbase LLC Combine to Create End-to-End Energy Storage Software Platform

September 13, 2019 by EnergyNow Media

September 13, 2019 HOUSTON & STUART, Fla.–(BUSINESS WIRE)–Pason Power Inc. (“Pason Power”), a provider of intelligent software for the energy storage market, announced today that it is combining its business with Energy Toolbase LLC (“Energy Toolbase”), an industry-leading software platform that specializes in modeling and proposing the economics of solar and energy storage projects. These … Read more

U.S. oil drillers cut rigs for fourth week in a row -Baker Hughes

September 13, 2019 by EnergyNow Media

September 13, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row as producers cut spending, leading to slower growth in crude output. Drillers cut five oil rigs in the week to Sept. 13, bringing the total count down to 733, the lowest since … Read more

Alberta Premier Jason Kenney’s Letter and Response to Amnesty Internationals’s Attack on Alberta’s Defense of Energy Jobs

September 13, 2019 by EnergyNow Media

Jason Kenney responding to Amnesty International’s ridiculous attack on Alberta’s defence of energy jobs from the foreign funded campaign to land-lock Canadian resources:

Column: Alberta’s business tax cut is part of the solution, not the problem – Franco Terrazzano

September 13, 2019September 13, 2019 by EnergyNow Media

Friday, September 13, 2019 Alberta is dealing with two big problems: we need to get people back to work and we need our provincial government to stop overcharging Albertans by $10 billion a year. There’s plenty of evidence from our own backyard that shows Alberta’s business tax cut will be part of the solution, not … Read more

Five Things to Know in World Business Today

September 13, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 13, 2019 (Bloomberg) Trade hopes rise again, markets mull the fallout post ECB, and Biden maintains Democratic lead. Here are some of the things people in markets are talking about today. More measures The editor of a state-run Chinese newspaper whose tweets in recent months have accurately presaged moves by Beijing wrote this … Read more

Oil Set for Weekly Drop as IEA Warns OPEC Faces Looming Surplus

September 13, 2019 by EnergyNow Media

By Tsuyoshi Inajima and Alex Longley Sep 13, 2019 (Bloomberg) Oil was set for a weekly decline as the International Energy Agency warned of a looming supply glut.Futures erased earlier losses in New York on Friday, but were still down 1.9% for the week. Sentiment has been dominated by the challenge facing the Organization of … Read more

Rocky Mountain GTL Inc. Secures A $15 Million Term Loan and Awards Contract for the Construction of Canada’s First Commercial Gas-to-Liquids Plant

September 13, 2019 by EnergyNow Media

September 12, 2019 TheNewswire Rocky Mountain GTL Inc. (the “Corporation“) is pleased to announce that it has secured a $15 Million Term Loan with Roynat Capital (a division of Scotiabank) and awards Midwest Construction Group Inc. as general contractor of the Corporation’s Enhanced GTL(R) (EGTL(TM)) plant 60 kilometers east of Calgary, near Carseland, Alberta. Rocky Mountain … Read more

Gibson Energy Announces $500 Million Medium Term Note Offering

September 13, 2019 by EnergyNow Media

September 12, 2019 Globe Newswire CALGARY, Alberta, Sept. 12, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that it has agreed to issue $500 million senior unsecured medium term notes, Series 1 (the “Notes”). The Notes will have a fixed coupon rate of 3.60% per annum, payable semi-annually, and … Read more

GE begins divestment of Baker Hughes with $2.7 bln share sale

September 13, 2019September 13, 2019 by EnergyNow Media

September 11, 2019 Reuters General Electric Co (GE) on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process. The U.S. conglomerate, which will lose majority control of Baker Hughes, said it would … Read more

U.S. Oil Services Should Get Ready for a Recession, Rystad Warns

September 13, 2019September 13, 2019 by EnergyNow Media

By Simon Casey (Bloomberg) The oil services sector will contract in 2020 as producers cut spending in response to lower crude prices, ending three years of growth, according to Rystad Energy.The market will shrink 4% to $621 billion next year from $647 billion in 2019, the research company said Wednesday in a statement.The outlook is based … Read more

Critics Slam Trudeau’s Record on Energy, Even if TMX Starts – Business in Vancouver

September 13, 2019September 13, 2019 by EnergyNow Media

Our apologies, but at the request of BIV, this article is no longer available.

Change of government this election could help Canada’s energy sector: Birchcliff Energy CEO

September 13, 2019September 13, 2019 by EnergyNow Media

Jeff Tonken, CEO at Birchcliff Energy joins BNN Bloomberg to provide his thoughts on the state of the energy sector ahead of the Federal Election. He says that a change of government could be a positive for the industry, and that there’s nothing but upside once regulations change.

Pipeline leaks 500,000 litres of produced salt water in northwestern Alberta

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

GRANDE PRAIRIE, Alta. — An energy company says a pipeline from a gas facility has been shut down after it leaked an estimated 500,000 litres of produced salt water in northwestern Alberta.
Produced water is a byproduct of oil and gas development.
Calg…

Pembina Pipeline Corporation Announces Closing of $1.5 Billion Public Note Offering

September 12, 2019 by EnergyNow Media

September 12, 2019 CNW CALGARY, Sept. 12, 2019 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $1.5 billion of senior unsecured medium-term notes (the “Offering”). The Offering was conducted in three tranches consisting of $600 million principal amount of senior unsecured medium-term notes, series … Read more

OPEC+ Faces ‘Daunting’ Oil Market Surplus in 2020, IEA Says

September 12, 2019 by EnergyNow Media

By Alex Longley Sep 12, 2019 (Bloomberg) As OPEC and its allies meet in Abu Dhabi, the IEA said it faces a significant challenge in managing the market into 2020.Demand for the group’s crude in the first half of 2020 will be 1.4 million barrels a day below its August output as production surges from their competitors, … Read more

U.S. Beats Saudi Arabia to Become Top Oil Exporter on Shale Boom

September 12, 2019 by EnergyNow Media

By Rakteem Katakey Sep 12, 2019 (Bloomberg) The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more.Surging output from shale helped America ship almost 9 million barrels a day of crude and oil products in June, surpassing Saudi Arabia, … Read more

Oil Slips as OPEC Seen Facing Tough Test to Balance Market

September 12, 2019 by EnergyNow Media

Oil extended declines as the International Energy Agency highlighted the difficulty that OPEC and its allies face in balancing the market. Futures declined as much 2.2% in New York. The Organization of Petroleum Exporting Countries and its friends face a daunting task next year as supply from competitors grows, the IEA said. Following a meeting … Read more

Five Things to Know in World Business Today

September 12, 2019 by EnergyNow Media

By Laura Curtis Sep 12, 2019 (Bloomberg) There’s a little progress in the trade war, the ECB decision might actually hold some surprises, and there’s a lot going on in oil. Here are some of the things people in markets are talking about today. Baby steps A collective sigh of relief was heard around the world … Read more

Enbridge urges Canadian regulator to avoid intervening in pipeline plan

September 12, 2019 by EnergyNow Media

September 11, 2019 Reuters Enbridge Inc called on Canada’s energy regulator on Wednesday to ignore calls from some of its shippers and avoid intervening in the pipeline company’s contentious proposal to revamp contracts on its Mainline network. The written submission to the Canada Energy Regulator (CER) is the latest salvo in a dispute between Calgary-based Enbridge … Read more

Oil tycoon T. Boone Pickens dies at age 91

September 12, 2019September 12, 2019 by The Canadian Press

OKLAHOMA CITY — T. Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was 91.
Pickens was surrounded by friends and family when he died of natural causes under hospice care at…

Global demand for oil appears to have slowed, according to latest OPEC estimate

September 12, 2019September 12, 2019 by The Canadian Press

CALGARY — Global demand for crude oil appears to have weakened recently in many parts of the world, according to The Organization of Petroleum Exporting Countries.
OPEC’s monthly market report for September estimates that total world demand for crud…

House approves oil drilling ban off Atlantic, Pacific coasts

September 12, 2019September 12, 2019 by The Canadian Press

WASHINGTON — The House approved legislation Wednesday that would permanently bar drilling off the Atlantic and Pacific coasts and extend a moratorium on drilling off Florida’s west coast.
Coastal lawmakers from both parties said the bills would protec…

Pipeline construction hampered by hearings, permits, court action: report

September 12, 2019September 12, 2019 by The Canadian Press

VANCOUVER — A report from environmental group Stand.earth says it expects construction of the Trans Mountain pipeline expansion to be delayed by detailed route hearings, outstanding provincial permits and Indigenous court challenges.
The Canadian Ener…

CANADIAN ENERGY SUPPORTERS CAN NO LONGER BE COMPLACENT – Be engaged, ask questions and vote – Deidra Garyk

September 11, 2019 by EnergyNow Media

Deidra Garyk Since the beginning of the collapse in Canadian oil and gas prices, I have often asked myself, “how did we get here?”, and “what happened?”, and “why have prices stayed down for so long?” While I have many theories, I really think a lot has to do with voter complacency. We haven’t demanded … Read more

Five Things to Know in World Business Today

September 11, 2019 by EnergyNow Media

By Laura Curtis Sep 11, 2019 China eases up on tariffs, banks count down to ECB, and some surprise M&A action. Here are some of the things people in markets are talking about today. Fish food China is seeking to ease the impact of the trade war by exempting certain U.S. goods from the 25% tariffs put in place … Read more

OPEC+ Meets in Abu Dhabi With Deeper Cuts Off the Agenda for Now

September 11, 2019 by EnergyNow Media

By Dina Khrennikova, Grant Smith and Nayla Razzouk Sep 11, 2019 (Bloomberg)Ministers from OPEC+ are gathering in Abu Dhabi with deeper production cuts off the agenda for now, but with a backdrop of growing concern about the strength of oil demand as the global economy slows.Crude has lurked in the low $60s for most of … Read more

Oil Rises as Falling U.S. Stockpiles Offset Bolton’s Ouster

September 11, 2019 by EnergyNow Media

By Tsuyoshi Inajima and Alex Longley Sep 11, 2019 (Bloomberg) Oil rose as industry data showed a decline in American stockpiles, countering speculation that the ouster of U.S. National Security Adviser John Bolton may lead to a less hawkish approach on Iran and Venezuela.Futures added as much as 1.6% in New York, after dipping 0.8% … Read more

ClearStream receives capital injection and amends Credit Facilities to support growth

September 11, 2019 by EnergyNow Media

September 10, 2019 | Source: ClearStream Energy Services Inc. CALGARY, Alberta, Sept. 10, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) announces that its wholly-owned subsidiary, ClearStream Energy Holdings LP (“CEHLP”), has entered into a first amending agreement with, among others, the Company and Bank of Montreal, as administrative agent, pursuant … Read more

WATCH: Gemini Fabrication – One of Alberta’s Largest Fabricators and Packagers of Process Equipment

September 11, 2019September 11, 2019 by EnergyNow Media

Gemini has a built a strong reputation for providing high quality fabrication and module assembly services to the Western Canadian energy sector. Through an all-in commitment from every individual on our team, Gemini is determined to work in partnership with clients to deliver quality products from our facility to yours. Gemini is founded on four … Read more

Hy-Lok Canada Invites You To Join Them This September at the Oil Sands Conference and Trade Show

September 11, 2019 by EnergyNow Media

Conference season is well under way under way across Canada, with plenty of exciting new developments being announced from innovators in the Oil & Gas, Petrochemical, and Electrical sectors. Hy-Lok Canada is pleased to join the foremost thought leaders and service providers at several events in the coming weeks and invite you to join us … Read more

XI Technologies: September 2019 Expiring Land Report – Are there opportunities for you?

September 11, 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. Every few months, we like to take a look at expiring land … Read more

Alberta group with roots in oil & gas industry urges women to get more confident talking about politics

September 11, 2019September 11, 2019 by The Canadian Press

OTTAWA — A group with roots in the oil and gas industry is encouraging women to talk about politics this fall, even if they hold widely different views.
The non-profit organization, called Canada Powered by Women, registered as a third-party advertise…

Construction of Trans Mountain pipeline expansion still faces hurdles

September 11, 2019September 11, 2019 by The Canadian Press

VANCOUVER — Barbara Gard calls her three-hectare property, nestled below the forested peak of Sumas Mountain, a “miniature Stanley Park.” Its lush trees and flowing creek reminded her of Vancouver’s majestic park, and she immediately knew she wanted t…

Enbridge investors cheer Mainline overhaul despite Canadian producer protests

September 11, 2019September 11, 2019 by EnergyNow Media

September 10, 2019 Reuters Enbridge Inc’s plan to overhaul contracts on its Mainline pipeline system has outraged many Canadian shippers but is cheered by investors who see monetizing existing infrastructure as a safer bet than trying to build new pipelines. The Mainline is North America’s largest pipeline network, transporting nearly 3 million barrels per day, or … Read more

Alberta asks court whether environmental assessment process is constitutional

September 11, 2019September 11, 2019 by The Canadian Press

EDMONTON — The Alberta government has asked the province’s Appeal Court to rule on whether Ottawa’s new way of handling environmental assessments for major construction projects such as pipelines is constitutional.
The government filed its challenge w…

Point Loma Announces Private Placement Offering of Flow-Through Units and Units for Up to $1.5 Million and Provides Asset Overview Update

September 10, 2019 by EnergyNow Media

September 10, 2019 | Source: Point Loma Resources Ltd. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Sept. 10, 2019 (GLOBE NEWSWIRE) — Point Loma Resources Ltd. (TSX-V: PLX) (“Point Loma” or the “Corporation“) is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation, … Read more

Oil and gas majors sign deal to implement blockchain in Bakken oilfield

September 10, 2019 by EnergyNow Media

September 10, 2019 Reuters A group of oil and gas companies has agreed to begin testing blockchain, a technology at the heart of digital currencies, in a bid to lower administrative costs in their field operations while also reducing payment disputes and chances for fraud. The OOC Oil & Gas Blockchain Consortium, whose members include Chevron … Read more

Amnesty ‘deeply concerned’ about Alberta’s plans to fight oil industry foes

September 10, 2019September 10, 2019 by The Canadian Press

CALGARY — Amnesty International says it’s “deeply concerned” about the Alberta government’s plans to fight back against oil and gas industry critics.
Alex Neve, secretary general of the human rights group’s Canadian branch, has written a letter to Alb…

US seeks to dismiss tribes’ lawsuit over Keystone pipeline

September 10, 2019September 10, 2019 by The Canadian Press

BILLINGS, Mont. — Attorneys for the Trump administration are asking a federal judge to throw out a lawsuit from Native American tribes that want to block the proposed Keystone XL oil pipeline.
Tribes in Montana and South Dakota say President Donald Tr…

Court orders federal agency to explain pipeline decision

September 10, 2019September 10, 2019 by The Canadian Press

CLEVELAND — The nation’s top appeals court has ordered a federal agency to explain why it approved the construction of a pipeline sending substantial quantities of natural gas to Canada.
The U.S. Court of Appeals for the District of Columbia agreed wi…

Encana Corp. names Michael McAllister as new president

September 10, 2019September 10, 2019 by The Canadian Press

CALGARY — Encana Corp. has named Michael McAllister as its president, part of several changes to its executive leadership.
He will continue to report to chief executive Doug Suttles.
McAllister joined the company nearly 20 years ago and held positions…

Schachter Eye on Energy: A pause in the trade war keeps energy prices stable for now

September 10, 2019 by EnergyNow Media

Obsidian Energy Initiates Formal Strategic Alternatives Process

September 10, 2019 by EnergyNow Media

September 10, 2019 CNW CALGARY, Sept. 10, 2019 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces that the Board of Directors (the “Board“) has determined that it is in the best interest of the Company and its stakeholders to initiate a formal process to explore strategic … Read more

Can Canadians still afford to be complacent about Energy Security? – Maureen McCall

September 10, 2019 by EnergyNow Media

by Maureen McCall Last week, the Federal Court of Appeal ruled that six of twelve legal challenges brought by opponents of the Trans Mountain pipeline expansion project would be allowed to proceed – yet another delay for the TMX. Although some see this recent delay as hopeful because it is only of short duration, the … Read more

He Paid $1.50 an Acre for Barren Texas Land Now Worth $7 Billion

September 10, 2019September 10, 2019 by EnergyNow Media

By Austin Weinstein (Bloomberg) So much of the Permian Basin is under production that the lights glowing at night, on well pads and rigs and double-wide trailers, make the place look in NASA satellite photos like a giant Lite Brite. But there’s a spot where the Permian dims. It’s a big one, covering more than … Read more

Five Things to Know in World Business Today

September 10, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 10, 2019 (Bloomberg) China opens its markets a little more, U.K. parliament closes for now, and Apple launches a new phone. Here are some of the things people in markets are talking about today. Scrapping limits China removed limits for overseas investment in the country’s stocks and bonds, the latest push by authorities … Read more

Oil Extends Gains Before U.S. Stockpile Data, OPEC+ Meeting

September 10, 2019 by EnergyNow Media

By Alex Longley Sep 10, 2019 (Bloomberg) Oil extended its advance as U.S. stockpiles were estimated to have dropped and OPEC+ members gathered in the United Arab Emirates ahead of meetings this week. Futures rose for a fifth day in New York, the longest run of gains since late July. U.S. crude inventories probably declined … Read more

Pembina Pipeline Corporation Announces $1.5 Billion Public Note Offering

September 10, 2019 by EnergyNow Media

September 9, 2019 CNW CALGARY, Sept. 9, 2019 /CNW/ – Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $1.5 billion of senior unsecured medium-term notes (the “Offering”). The Offering will be conducted in three tranches consisting of $600 million in senior unsecured medium-term notes, series 14 (the “Series 14 Notes”) having a fixed coupon of 2.56% per annum, … Read more

Obsidian Energy launches formal strategic review including possible sale

September 10, 2019 by The Canadian Press

CALGARY — Obsidian Energy Ltd. says it has launched a formal process to explore strategic alternatives, including the possible sale of the company.
Formerly known as Penn West Petroleum Ltd., Obsidian says the process is intended to maximize sharehold…

Repsol in advanced talks to buy Exxon assets in Gulf of Mexico -sources

September 10, 2019 by EnergyNow Media

September 9, 2019 Reuters ExxonMobil Gulf of Mexico Rig Spanish oil giant Repsol SA is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp for about $1 billion, three people familiar with the matter said on Monday.The deal would be a boon to Exxon’s plans to accelerate … Read more

Dalmac Energy Inc. Closing of Sale of Tank Farm Assets and Purchase of Tremcar

September 10, 2019 by EnergyNow Media

September 09, 2019 | Source: Dalmac Energy, Inc. EDMONTON, Alberta, Sept. 09, 2019 (GLOBE NEWSWIRE) — Dalmac Energy Inc. (“Dalmac“) (TSX Venture “DAL“) wishes to announce that, further to the press release issued on April 29, 2019, the sale of its Fox Creek Tank Farm (the “Tank Farm“) to 1175317 Alberta Ltd. (the “Purchaser“), a corporation wholly owned … Read more

Suncor to spend $1.4B to replace coke-fired boilers with cogeneration units

September 10, 2019September 10, 2019 by The Canadian Press

CALGARY — Suncor Energy Inc. says it will spend $1.4 billion to replace its coke-fired boilers with two cogeneration units at its oilsands base plant north of Fort McMurray, Alta.
The company says the units will provide steam generation for its extrac…

Webinar: Effective management of Asset Retirement Obligations (ARO) – September 12th Details HERE

September 10, 2019September 10, 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 blocks, introduced standardized methodologies, and simplified the ARO process with the industry’s first ARO … Read more

Last Chance to Register for PASC Conference 2019 on Monday September 16th – From Paper to Digital: How Technology is Transforming Industry (panel)

September 10, 2019September 10, 2019 by EnergyNow Media

From Paper to Digital: How Technology is Transforming Industry (panel) Register Now using Code: ENERGYNOW, to save $25.00 on individual registrations or save $200.00 on the purchase of a corporate table. Register Now For more information and to register visit https://www.petroleumaccountants.com/events/education/ From Paper to Digital: How Technology is Transforming Industry (panel) The Situation – The energy industry … Read more

Why would the Government sit on its hands and not defend our strategic Canadian asset? – Alberta Senator Doug Black – See his Letter to the Minister of Justice

September 10, 2019September 10, 2019 by EnergyNow Media

September 9, 2019 News Release Many Canadians are questioning why the Government would not actively oppose the recent leave to appeal applications respecting the Trans Mountain Pipeline, including Elected Alberta Senator Doug Black who, this morning wrote to the Minister of Justice and Attorney General of Canada, David Lametti seeking answers to this burning question. … Read more

Alberta opens public submissions for environmentalist foreign funding inquiry

September 10, 2019September 10, 2019 by The Canadian Press

EDMONTON — The Alberta government has started a website to allow people to submit information to its inquiry into foreign funding of environmental groups.
Inquiry commissioner Steve Allan says he is also planning to travel outside the province, with s…

How Digital Gets Thwarted At Your Workplace – Geoffrey Cann

September 9, 2019 by EnergyNow Media

By Geoffrey Cann Are you charged with introducing some digital changes to some slice of the oil and gas industry? Wondering why it’s not working out so well? The Pressure is Building The oil and gas industry is under a growing set of pressures to modernize how it does business. Institutional investors are asking hard … Read more

Five Things to Know in World Business Today

September 9, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 9, 2019 (Bloomberg) Some surprisingly good European data, markets look to central banks, and Saudi Arabia has a new oil boss. Here are some of the things people in markets are talking about today. U.K., Germany The British economy saw the immediate threat of recession recede with this morning’s GDP data … Read more

Oil Rises as New Saudi Minister Signals OPEC+ Cuts to Continue

September 9, 2019September 9, 2019 by EnergyNow Media

By Tsuyoshi Inajima Sep 9, 2019 (Bloomberg) Oil rose for a fourth day after Saudi Arabia’s new energy minister signaled that OPEC and its allies will continue with production cuts as the group prepared to gather in Abu Dhabi.Futures added 0.9% after climbing 2.6% last week. Prince Abdulaziz bin Salman, appointed at the … Read more

NXT and Alberta Green Ventures Focus on Contracts in the Middle East

September 9, 2019 by EnergyNow Media

September 06, 2019 | Source: NXT Energy Solutions Inc. CALGARY, Alberta, Sept. 06, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) announces that NXT has expanded its focus in the Middle East and North Africa by advancing $250,000 to Alberta Green Ventures Limited Partnership (“AGV”) to pursue contracts in … Read more

Baytex Provides Corporate Update and Board Appointment

September 9, 2019 by EnergyNow Media

September 09, 2019| Source: Baytex Energy Corp. CALGARY, Alberta, Sept. 09, 2019 (GLOBE NEWSWIRE) — The Board of Directors of Baytex Energy Corp. (TSX, NYSE: BTE) announces a corporate update and board appointment. Corporate Update Strong operating performance has continued across our asset base during the third quarter. Despite the volatility in crude oil prices, we … Read more

Canada rig count down by 3 to 147, continues to lag behind last year’s total

September 9, 2019September 9, 2019 by EnergyNow Media

September 6, 2019 Canada’s fleet of active drilling rigs decreased by 3 from last week according to data from Baker Hughes. Total drilling count was 147 at September 6. 102 rigs were drilling for oil; 45 for natural gas. Counts are still below the total activity levels from one year ago, when 204 … Read more

Commentary: It’s 1986 Again as Saudi King Removes Energy Chief: Oil Strategy

September 9, 2019September 9, 2019 by EnergyNow Media

By Julian Lee Sep 8, 2019 (Bloomberg) A Saudi ruler replaces his oil minister for failing to deliver high enough prices as demand growth weakens and non-OPEC supply soars. I thought I’d woken up in 1986. My former boss, Sheikh Zaki Yamani, was removed from his role as energy minister by King Fahd that year, … Read more

Saudi Arabia Has a New Energy Minister: What It Means for World Oil

September 9, 2019September 9, 2019 by EnergyNow Media

By Anthony DiPaola Sep 8, 2019 (Bloomberg) Saudi Arabia’s King Salman Bin Abdulaziz named his son Prince Abdulaziz as the country’s energy minister, replacing Khalid Al-Falih, who led three years of active OPEC diplomacy to forge a global alliance with producers such as Russia to limit production in order to prop up prices. Will this … Read more

$2 million U.S. gift proves again that “dark money” is mostly on the anti oil and gas development side – Stewart Muir

September 10, 2019September 9, 2019 by EnergyNow Media

by Stewart Muir Eyebrows were raised this week when an American group gave $2 million US plus unspecified “expert resources” to Tzeporah Berman, the Vancouver-based campaigner who has made a lucrative career out of working with her U.S.-based advisors to kneecap the Canadian resource economy. Berman’s latest assignment, according to the American group channeling the … Read more

Canada continues to be the world’s preferred supplier for oil and natural gas: Ipsos international survey

September 9, 2019September 9, 2019 by EnergyNow Media

CNW CALGARY, Sept. 6, 2019 /CNW/ – The world wants Canadian oil and natural gas, according to an updated international research survey by Ipsos, conducted on behalf of the Canadian Association of Petroleum Producers (CAPP). In the 2019 Global Energy Pulse, a follow up to its 2017 survey, Ipsos found respondents from 31 countries, chose Canada as their … Read more

Not So Perfect in the Permian: Wall Street Gets Burned by U.S. Oil Patch’s Fire Sales

September 9, 2019September 9, 2019 by EnergyNow Media

By Allison McNeely Sep 5, 2019 (Bloomberg) Oil wells jet out of the scrubby, dusty ground in West Texas’ Permian Basin as far as the eye can see. A gas station off Route 285 bustles with workers in boots and baseball caps. Residents fret about the crumbling road, which has been pummeled by trucks barreling in and … Read more

SEPTEMBER 12th – Calgary – The Alberta Blockchain Summit is the featured event of Alberta Blockchain Week. DETAILS & TICKETS HERE

September 9, 2019September 9, 2019 by EnergyNow Media

Description The Alberta Blockchain Summit is the featured event of Alberta Blockchain Week. Learn more about Alberta Blockchain Week HERE. In Alberta, people are aware of our energy and agricultural sectors but people are less familiar with our technology sector and its continued emergence. The Alberta Blockchain Consortium (ABC) believes that blockchain technology will empower the next frontier … Read more

Western Canadian crude inventories decline in August

September 9, 2019September 8, 2019 by EnergyNow Media

September 8, 2019 Western Canadian crude oil inventories dropped by 1.2 million barrels in August to total just under 26 million barrels, levels last seen in November 2017, energy information provider Genscape said on Friday. The draw on inventories is good news for Canada’s main oil-producing province Alberta, which this year imposed production curtailments on … Read more

Oil Posts Biggest Weekly Gain Since July on U.S. Fed Reassurance

September 6, 2019 by EnergyNow Media

By Sheela Tobben Sep 6, 2019 (Bloomberg) Oil posted the biggest weekly gain since July as Federal Reserve Chairman Jerome Powell sought to calm fears of a possible recession following a lackluster jobs report that was seen as dimming the demand outlook.Futures in New York rose 0.4% Friday, erasing earlier losses. Powell said the most … Read more

U.S. oil drillers cut rigs for third week in a row -Baker Hughes

September 6, 2019 by EnergyNow Media

September 6, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row after drilling slowed for nine straight months as independent producers cut spending by about 10% this year. Drillers cut four oil rigs in the week to Sept. 6, bringing the total count down … Read more

Alberta government to review energy regulator, replaces board members

September 6, 2019September 6, 2019 by The Canadian Press

CALGARY — The Alberta government has announced a review of the province’s energy regulator.
Energy Minister Sonya Savage says the review will look at overall changes to the Alberta Energy Regulatory’s mandate, operations and governance.
She says its c…

Billionaire Li Ka-Shing offered C$12.4 bln for Canada’s Inter Pipeline -Globe and Mail

September 6, 2019 by EnergyNow Media

September 6, 2019 Reuters Canada’s Inter Pipeline Ltd rejected a C$12.4 billion ($9.37 billion) buyout offer from Hong Kong billionaire Li Ka-Shing’s CK Infrastructure Holdings Ltd in July, the Globe and Mail reported late on Thursday, citing sources familiar with the two companies. Inter Pipeline had said previously that it had received a takeover bid in … Read more

Five Things To Know in World Business Today

September 6, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 6, 2019 (Bloomberg) It’s jobs day, the bond market awaits Powell’s speech, and China’s central bank eases policy. Here are some of the things people in markets are talking about today. Payrolls If yesterday’s ADP report is any guide, today’s jobs number may surprise to the upside. Nonfarm payrolls are expected to show an increase of … Read more

Oil Drops as Economic Gloom Dents Forecasts for Demand Growth

September 6, 2019 by EnergyNow Media

By Grant Smith and Sharon Cho Sep 6, 2019 (Bloomberg) Oil fell as trade tensions between the U.S. and China worsened the outlook for global demand growth.Futures dropped 2% in New York, erasing all gains for the week. Prices had touched a one-month high on Thursday after American inventories slid by 4.77 million barrels, more … Read more

Pieridae Energy Issues an Update on the Private Placement of Subscription Receipts

September 6, 2019September 6, 2019 by EnergyNow Media

September 5, 2019 Globe Newswire CALGARY, Alberta, Sept. 05, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce that Haywood Securities Inc., as sole agent, has confirmed that it has received subscriptions for the placement of 38,637,850 subscription receipts of the Company at a price of $0.86 per subscription receipt … Read more

Enbridge provides update on Canadian Mainline open season process

September 6, 2019September 6, 2019 by EnergyNow Media

September 5, 2019 Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) provided an update today on the Canadian Mainline open season regulatory process. On August 2, 2019, Enbridge commenced an open season, offering firm capacity on its crude oil Mainline system, effective upon expiry of the Competitive Toll Settlement that is in place until July … Read more

Dozens of Enbridge oil shippers wade into dispute over proposed pipeline overhaul

September 6, 2019September 6, 2019 by EnergyNow Media

September 5, 2019 More than two dozen oil companies wrote to Canada’s energy regulator on Thursday to support or oppose it intervening in Enbridge Inc’s contentious proposal to overhaul shipping contracts on the Mainline pipeline network. The Mainline is North America’s largest pipeline system, shipping around 3 million barrels per day of crude from western … Read more

REACTION: ‘Outrageous:’ Alberta man told oil and gas shirt not allowed in Senate

September 6, 2019September 6, 2019 by The Canadian Press

CALGARY — An Alberta man wants answers as to why he wasn’t allowed to wear a T-shirt in support of Canadian oil and gas during a visit to the Senate on Parliament Hill.
Conservative Sen. David Tkachuk from Saskatchewan says he has received a copy of a…

Parkland Acquires Tropic Oil Company, Inc.

September 6, 2019September 6, 2019 by EnergyNow Media

Acquisition adds third regional operating center in the United States September 05, 2019 | Source: Parkland Fuel Corporation CALGARY, Alberta, Sept. 05, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”) (TSX:PKI) is pleased to announce that through its U.S. based subsidiaries (collectively, “Parkland USA”), it has entered into an agreement to acquire all … Read more

NEXT WEEK! DON’T MISS IT! Alberta Blockchain Week September 9-13th – Calgary, Aberta: DETAILS & TICKETS HERE

September 6, 2019September 6, 2019 by EnergyNow Media

ALBERTA BLOCKCHAIN WEEK September 9-13th – Calgary, Aberta This landmark, Calgary events week features renowned speakers providing an in depth look at the latest developments in blockchain applications. This week will showcase the incredible progress emerging from blockchain technologies within our regional ecosystem. Each day of Alberta Blockchain Week highlights an important theme of the … Read more

What Does it Take to Build Successful Blockchain Ecosystem? – Koleya Karringten

September 5, 2019 by EnergyNow Media

by Koleya Karringten Blockchain is a technology that promotes trust, transparency and consensus between parties, so it would seem like it has a clear advantage when it comes to bringing people together in a strong community. In many ways I’ve found that to be true – I believe there is an incredible amount of unity … Read more

Point Loma Resources Announces Successful 700 boepd Delineation Well Test at Wizard Lake

September 5, 2019 by EnergyNow Media

September 5, 2019 Accesswire Point Loma Resources Ltd. (TSX.V:PLX) (the “Corporation” or “Point Loma”) is pleased to announce production test results for the Wizard Lake HZ 1-8-48-27W4 Rex oil pool delineation well. Highlights Test rate for the Rex horizontal oil well over the last 24 hours of the test period to 3pm September 4, 2019 was … Read more

Five Things to Know in World Business Today

September 5, 2019 by EnergyNow Media

By Laura Curtis Sep 5, 2019 Next trade talks are penciled in, Boris Johnson’s very-bad week continues, and Apple Inc. is adding to all that cash. Here are some of the things people in markets are talking about today. Talk about talks “Early October.” That’s when the next face-to-face talks between U.S. and Chinese officials will take place … Read more

Oil Steadies Near $56 as U.S. and China Plan Further Trade Talks

September 5, 2019 by EnergyNow Media

By Sharon Cho and Grant Smith Sep 5, 2019 (Bloomberg) Oil steadied near $56 a barrel as China said it will resume talks with the U.S. to try and resolve a trade impasse that has weighed on global growth and fuel consumption.Futures in New York were little changed after jumping 4.3% Wednesday in the biggest … Read more

ANGUS REID: Balancing act: Majorities Say Both Climate Action, Oil & Gas Growth Should be Top Priorities for Next Government

September 5, 2019 by EnergyNow Media

Division remains over federal carbon tax, but most want to do more to meet 2030 emission reduction goal September 5, 2019 – It is a debate often styled as “either or”. Either the federal government commits to policies aimed at reducing carbon emissions in order to meet international obligations to battle the effects of climate change or it … Read more

Court allows six Trans Mountain appeals focusing on Indigenous consultation

September 5, 2019September 5, 2019 by EnergyNow Media

Pipeline pipes are seen at a Trans Mountain facility near Hope, B.C., on August 22, 2019. The Federal Court of Appeal is to reveal today whether a new set of legal challenges to the Trans Mountain pipeline project can proceed. The federal government has twice approved a plan to twin an existing pipeline from Alberta’s … Read more

COMING SEPTEMBER 12th – The Energy Corridor and Canada’s Energy Security- Federal and Provincial Cooperation – PJVA Luncheon – Details & Tickets HERE

September 12, 2019September 5, 2019 by EnergyNow Media

PJVA Luncheon Sept 12, 2019 Endless discussions of pipelines, lack of access to new markets, regulatory burden and judicial challenges combined with recent global events have raised concern over Canada’s Energy Security. ” When it comes to oil supply, Canada could be one of the least energy secure countries in the world…Canada, the fourth largest … Read more

Suncor sees increased political risk for Keystone XL oil pipeline

September 5, 2019September 5, 2019 by EnergyNow Media

September 4, 2019 Reuters Canada’s second-largest oil producer, Suncor Energy , believes the political situation in the United States has increased the risks to companies counting on construction of TC Energy Corp’s proposed Keystone XL oil pipeline, its chief executive said on Wednesday. A legal fight between TC, previously known as TransCanada, and environmental activists has … Read more

No longer the ‘rich kids on the block:’ Alberta finance minister sells restraint

September 5, 2019September 5, 2019 by The Canadian Press

CALGARY — Alberta’s finance minister says the United Conservative government still aims to balance the budget by 2023 but nothing is written in stone — especially with a continued uncertainty over pipelines.
“Certainly within the realm of reasonable e…

Open Letter to Ottawa – How to Get Barred From Visiting the Senate – William Lacey

September 5, 2019September 5, 2019 by EnergyNow Media

Dear Prime Minister, Senators and Honourable MPs, I am writing to you today regarding a recent experience that I had in our nation’s capital. My wife and I travelled out east to drop our youngest child off at university for his first year of engineering. Seeing as this was a fairly long trip, we decided … Read more

Alimentation Couche-Tard to split shares as Q1 profit surges to US$538.8 million

September 4, 2019 by The Canadian Press

LAVAL, Que. — Alimentation Couche-Tard Inc. says it is proceeding with a two-for-one split of its shares as the convenience store giant’s profitability continued to grow in the first quarter of its fiscal year.
The Quebec-based retailer says the recor…

When Management Doesn’t Get Digital Oil and Gas But The Board Does

September 4, 2019 by EnergyNow Media

By Geoffrey Cann I’ve been invited to meet with a senior Board leader from a large oil company, and the topic is digital transformation. The problem? The Board gets it, but not Management. The Board Gets It It is easy to assume that the blocker to digital innovation is the Board. And why not? I imagine that Board members are chosen for a number … Read more

Encana Announces Final Results of Substantial Issuer Bid

September 4, 2019 by EnergyNow Media

September 4, 2019 Encana Corporation today announced the final results of its substantial issuer bid (the “Offer”) under which it has accepted to purchase for cancellation 47,333,333 of its common shares (“Shares”) at a purchase price of US$4.50 per Share, for an aggregate purchase price of approximately US$213 million. Shares purchased under the Offer represent … Read more

Five Things to Know in World Business Today

September 4, 2019 by EnergyNow Media

By Laura Curtis and Lorcan Roche Kelly Sep 4, 2019 (Bloomberg) Hong Kong and Italian asset rally, U.K. politics turn messier and central banks send mixed messages. Here are some of the things people in markets are talking about today. MPs Take Control Now that the dust has settled from Prime Minister Boris Johnson’s dramatic Tuesday … Read more

Oil Rises as Tight U.S. Supplies Counter Trade War Pessimism

September 4, 2019 by EnergyNow Media

By Sharon Cho and Alex Longley Sep 4, 2019 (Bloomberg) Oil rose as a forecast decline in U.S. crude inventories countered pessimism driven by a surprise contraction in American manufacturing and a warning to China from President Donald Trump. Futures in New York climbed as much as 1% after closing 2.1% lower Tuesday. American stockpiles fell for … Read more

Aramco’s New Chairman Isn’t the Right Man for the Job: Ellen R. Wald

September 4, 2019 by EnergyNow Media

By Ellen R. Wald Sep 4, 2019 (Bloomberg Opinion) The Saudi Arabian monarchy made a major change this week in the leadership of its national oil company, Saudi Aramco. Khalid Al-Falih, the former CEO and current oil minister, was removed as chairman and replaced by Yasir Al-Rumayyan, the head of Saudi Arabia’s sovereign wealth fund. With the … Read more

Shell Leads Big Oil in the Race to Invest in Clean Energy

September 4, 2019September 4, 2019 by EnergyNow Media

By Timothy Abington and Kelly Gilblom Sep 4, 2019 (Bloomberg) Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European companies that are well ahead of their U.S. rivals. The data compiled by BloombergNEF underscore the quickening pace of the … Read more

Advantage Announces Significant Oil Discovery at Progress, Alberta

September 4, 2019 by EnergyNow Media

September 3, 2019 CNW CALGARY, Sept. 3, 2019 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce a significant Montney light oil pool has been discovered and appraised at Progress, Alberta, on the Corporation’s 47 net section block of 100% owned lands. This discovery elevates the Progress asset to be a primary element of the Corporation’s … Read more

XI Technologies: Why you need to pay attention to your non-operated retirement liabilities, and how to do it

September 4, 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. Asset Retirement Obligations (ARO) only pertain to the operators of wells and … Read more

HAPPENS TODAY! Federal Court of Appeal to rule on letting pipeline challenges proceed

September 4, 2019September 4, 2019 by The Canadian Press

OTTAWA — The Federal Court of Appeal is to reveal today whether a new set of legal challenges to the Trans Mountain pipeline project can proceed.
The federal government has twice approved a plan to twin an existing pipeline from Alberta’s oilpatch to …

Crescent Point Announces Sale of Uinta Basin and Non-Core Saskatchewan Assets for Cash Proceeds of $912 Million

September 4, 2019September 4, 2019 by EnergyNow Media

September 3, 2019 CNW CALGARY, Sept. 3, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce that it has entered into definitive agreements with select parties to sell its Uinta Basin asset in its entirety and certain southeast Saskatchewan conventional assets for total cash consideration of approximately $912 million. KEY … Read more

Foreign share of oilsands production falls from 33% to 16%, analysis shows

September 4, 2019September 4, 2019 by The Canadian Press

CALGARY — When it comes to talking about how the northern Alberta oilsands have lost their lustre for foreign investors, Satoshi Abe sounds a lot like his Canadian counterparts.
“I think Canada itself creates significant barriers to new investment,” s…

Clarification on Aug. 30 story about Saskatchewan carbon tax court challenge

September 3, 2019 by The Canadian Press

REGINA — The Canadian Press reported Aug. 30 that the Supreme Court of Canada had denied Saskatchewan’s request to delay its appeal hearing over the carbon tax.
The story may have left the impression that a tentative Dec. 5 hearing date was moved to …

North American stock markets fall on new tariffs and weak manufacturing data

September 3, 2019September 3, 2019 by The Canadian Press

TORONTO — North American markets fell to start the trading week Tuesday following the imposition of new tariffs by the U.S. and China and weak manufacturing data.
After a strong week to end a volatile August, investors were hoping that positive sentim…

Visit Gastech 2019 USA – The World’s Leading Natural Gas, LNG and Energy Exhibition and Conference

September 3, 2019September 3, 2019 by EnergyNow Media

COMING SEPTEMBER 12th! Is an Energy Corridor for Pipelines, Rail and Power Infrastructure the key to growth for the Canadian energy sector and ultimately Canadian prosperity?

September 3, 2019 by EnergyNow Media

As an investigation of the opportunities the Corridor concept may create, the Petroleum Joint Venture Association has brought Kevin Birn of IHS Markit and G. Kent Fellows of U of C’s School of Public Policy together with Alberta’s Associate Minister of Natural Gas, Dale Nally and for a federal perspective, Greg McLean of Criterium Merchant … Read more

Enbridge reaches agreement with shippers for Line 3 pipeline placement in Canada

September 3, 2019September 3, 2019 by EnergyNow Media

August 30, 2019 Reuters Enbridge Inc on Friday said it reached an agreement with shippers to place the Canadian portion of the Line 3 replacement pipeline into service by the end of this year. Enbridge will be filing a tariff with the Canadian energy regulator for a temporary surcharge with a proposed effective date of Dec. … Read more

Crescent Point selling $912M in assets including Uinta Basin asset

September 3, 2019September 3, 2019 by The Canadian Press

CALGARY — Crescent Point Energy Corp. is selling its Uinta Basin asset in Utah and certain southeast Saskatchewan conventional assets for a total of approximately $912 million.
The Calgary-based company says the agreements include 27,000 barrels of oi…

Oil Slides Again as Trade War Pressures Outlook for Demand

September 3, 2019 by EnergyNow Media

By Sharon Cho and Grant Smith Sep 3, 2019 (Bloomberg) Oil held losses as the U.S. and China’s inability to agree on a schedule for talks deepened concern that their ongoing trade clash will further erode fuel demand.Brent futures for November slipped 0.7% in London after dropping 1% on Monday. Chinese and U.S. officials have yet … Read more

Five Things to Know in World Business Today

September 3, 2019 by EnergyNow Media

By Lorcan Roche Kelly Sep 3, 2019 (Bloomberg) Trade worries increase again, it’s all kicking off in the UK, and Dorian slowly moves toward the U.S. Here are some of the things people in markets are talking about today. Setting a date Chinese and U.S. officials are having difficulty agreeing a date for the next round of trade … Read more

Alberta coal mine reclamation project to provide green energy source

September 3, 2019 by EnergyNow Media

Alberta Innovates invests in multi-partner, public-private collaboration September 03, 2019 | Source: Alberta Innovates photo-release Land reclamation site at Paintearth Mine near Forestburg, Alta. Willow plant Edmonton, Alberta, Canada, Sept. 03, 2019 (GLOBE NEWSWIRE) — Alberta Innovates is joining federal, provincial, municipal and industry partners in contributing to a unique clean technology demonstration project to reclaim land … Read more

Chinese companies commit to oilsands despite setbacks and poor operating results

September 3, 2019 by The Canadian Press

CALGARY — While some European and U.S. companies cut their exposure to the Canadian oilsands, China’s Big Three oil giants — CNOOC, PetroChina and Sinopec — seem content to let their bets ride even if the results haven’t been spectacular.
In 2018, Pet…

Canada Weekly Rig Count Up 11 for Week Ending August 30, 2019

September 3, 2019September 3, 2019 by EnergyNow Media

Canada’s drilling rig count is up 11 actively drilling rigs according to data collected by Baker Hughes for the week ending August 30, 2019 From one week ago, Alberta rig counts increased 2 to 96 and the Saskatchewan rig count increased 8 to 40. Oil drilling increased 10 to 105 and gas increased 1 to … Read more

Federal Court of Appeal to rule Wednesday on letting pipeline appeals proceed

September 4, 2019September 2, 2019 by The Canadian Press

OTTAWA — The Federal Court of Appeal says it will reveal Wednesday whether a new set of legal challenges to the Trans Mountain pipeline project can proceed.
The federal government has twice approved a plan to twin an existing pipeline from Alberta’s o…

Oil Falls as Deepening Trade War Stokes Growth Concerns

September 2, 2019 by EnergyNow Media

By Sharon Cho and Grant Smith Sep 2, 2019 (Bloomberg) Oil fell again Monday after its first monthly decline since May as a deepening trade war further stoked fears that fading global economic growth will hurt fuel demand.Futures dropped to trade near $55 a barrel in New York, having lost 5.9% in August. U.S. tariffs on a … Read more

OPEC Output Rises for First Time Since Start of 2019 Cuts

September 2, 2019 by EnergyNow Media

By Grant Smith Sep 2, 2019 (Bloomberg) OPEC’s crude production rose last month, the first increase since the group and its allies started a new round of output cutbacks at the start of the year to shore up a weak global market. Nigeria and Saudi Arabia led the boost by the Organization of Petroleum Exporting … Read more

Here Comes the Worst Month for Canada Stocks After Wild August

September 2, 2019 by EnergyNow Media

By Divya Balji and Aoyon Ashraf (Bloomberg) After enduring a bumpy ride in August, investors in Canadian stocks need to brace for more volatility in September, typically the worst month of the year for equities.In the past 10 years, the S&P/TSX Composite Index has dropped an average 1.5% in September, as the end of summer, … Read more

Husky says Superior refinery rebuild to begin in 2019 fall

September 2, 2019 by EnergyNow Media

Husky says Superior refinery rebuild to begin in 2019 fall August 30, 2019 Reuters Husky Energy Inc on Friday said its Superior, Wisconsin, refinery is making steady progress in its plans to return to full operations, with the rebuild activity expected to begin in the fall of 2019, pending regulatory approvals.Demolition work is underway at the … Read more

WATCH: Sign Longevity 101, Liquid Lamination VS Non Lamination – IDENT Oil & Gas Signage

September 2, 2019September 2, 2019 by EnergyNow Media

So you’ve started a new project, and now it’s time to order some signage. Lamination is an important thing to consider for any type of printed product, such as signs, vehicle wraps and everything in between. It’s a good idea to laminate any printed product that will be exposed to outside elements such as wind, … Read more

Schachter Eye on Energy: Crude oil gets a respite before the fall commercial storage build

September 2, 2019September 2, 2019 by EnergyNow Media

Future Proof Your Career With The Digital Basics – Geoffrey Cann: Invest in the Basics of Digital!

September 2, 2019September 2, 2019 by EnergyNow Media

By Geoffrey Cann Are you wondering if you should invest any of your valuable time and money for some training on the basics of digital? Getting Smart on Digital The first challenge people working in oil and gas face in addressing digital changes in the industry, their companies and their jobsis to gain a basic understanding of digital. You need the basics just to sort fact from fiction, to anticipate what’s hot and what’s not, and to position yourself, your … Read more

Save money, increase productivity and improve compliance with Osprey’s cloud based remote visual inspections and monitoring solution.

September 2, 2019September 2, 2019 by EnergyNow Media

Osprey Reach enables you to manage and access all your assets remotely through a single application With Osprey Reach, companies can increase productivity through virtual asset inspections, improve HSE compliance with automated leak and safety monitoring, as well as strengthen security and accountability through proactive activity detection and exception-based alerting at remote sites. Find out … Read more

U.S. methane regulation reversal widens its competitive advantage, says CAPP CEO

September 2, 2019September 2, 2019 by The Canadian Press

CALGARY — A U.S. proposal to ease regulations aimed at cutting methane emissions will create another competitive advantage for American producers over Canadians, the CEO of the Canadian Association of Petroleum Producers says.
On Thursday, the U.S. En…

Supreme Court rejects Saskatchewan’s request to delay carbon tax appeal

September 2, 2019September 2, 2019 by The Canadian Press

REGINA — Saskatchewan says the Supreme Court of Canada has denied the province’s request to delay its appeal hearing over the carbon tax.
The province says the Supreme Court recently issued an order stating the hearing remain tentatively set for Jan.1…

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