By Jacquelyn Melinek (Bloomberg) Oil fell for a third day as a U.S. government report showed a bigger-than-expected build in domestic crude supplies and Chile canceled a summit where the U.S. and China were expected to sign a preliminary trade accord.Futures in New York declined to the lowest in a week on Wednesday. The Energy … Read more
By Samuel Potter Oct 31, 2019 (Bloomberg) China has trade-deal doubts, investors digest Fed cut, and the earnings deluge continues. Here are some of the things people in markets are talking about today. Doubts and data Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. In private conversations with visitors to Beijing … Read more
October 30, 2019 CALGARY, Alberta, Oct. 30, 2019 (GLOBE NEWSWIRE) Financial Results For the three-month period ended September 30, 2019, PHX Energy achieved adjusted EBITDA of $15.5 million, which is the highest quarterly result since the third quarter of 2014. Consolidated revenue for the third quarter was $93.1 million and was the highest since the … Read more
Company generates $622 million of free funds flow, maintains low cost structure October 31, 2019 | Source: Cenovus Energy Inc Cenovus’s Foster Creek project in northern Alberta Steam generators at Cenovus’s Foster Creek project in northern Alberta. Cenovus Energy Inc Cenovus SAGD project View of a Cenovus steam-assisted gravity drainage oil sands project in northern … Read more
October 30, 2019 CNW Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX:YGR) announces its financial and operating results for the three and nine months ended September 30, 2019. Third Quarter Highlights Average production of 12,724 boe/d (54% liquids) during the quarter, a decrease of 2% from the second quarter of 2019 and a 23% increase from the same period … Read more
CALGARY — Encana Corp. says it plans to establish a corporate domicile in the United States and change its name to Ovintiv Inc.
The Calgary-based company says a corporate domicile in the United States will expose it to increasingly larger pools of inv…
CALGARY — Vermilion Energy Inc. reported a loss of $10.2 million in its latest quarter as it trimmed its capital spending plans for the year and reduced its production expectations.
The Calgary-based company says the loss amounted to seven cents per s…
This article was originally published on blog.paradoxaccess.com, by Christina Schroff Let’s start with the facts: Winter is cold, and winter is coming. And while a fluffy layer of freshly-fallen snow can easily transform an average scene into an Instagram-worthy backdrop, it also presents challenges for those of us who earn our livelihoods by working in the … Read more
TORONTO — A law mandating that gas stations display anti-carbon tax stickers “furthers the purposes of freedom of expression,” the Ontario government argues as part of its defence to a constitutional case.
The Canadian Civil Liberties Association is c…
CALGARY — TC Energy Corp. says it has shut down the Keystone pipeline while it investigates a potential oil spill in North Dakota.
In a brief statement on Wednesday, the Calgary-based company says it is investigating a possible incident after detectin…
CALGARY — Suncor Energy Inc. is reporting lower third-quarter net income as higher upstream and refining production was offset by lower commodity prices and refinery profit margins.
The Calgary-based oil and gas producer, refiner and fuel retailer say…
VICTORIA — British Columbia’s environment minister says the province is trying to be more transparent in reporting its progress in fighting climate change through legislative changes introduced Wednesday.
George Heyman said the amendments to the Clima…
BISMARCK, N.D. — A pipeline that carries tar sands oil from Canada through seven states has leaked an unknown amount of crude oil over more than quarter-mile swath in northeastern North Dakota, state environmental regulators said Wednesday.
State Envi…
CALGARY — Strong operating and financial performance by Canada’s first propane export terminal on the West Coast means its output stands to continue to grow through next year, the CEO of owner AltaGas Ltd. says.
The facility has reached target capacit…
By Samuel Potter Oct 30, 2019 (Bloomberg) Impeachment process rumbles on, earnings roll in, and the U.K. readies for an election. Here are some of the things people in markets are talking about today. Unavoidable impeachment update House Democrats will put Intelligence Committee Chairman Adam Schiff in the lead of the next phase of its impeachment inquiry of … Read more
By Heesu Lee and Alex Longley Oct 30, 2019 (Bloomberg) Oil was steady as traders weighed a report of rising stockpiles at a U.S. storage hub against signs that Saudi Arabia is willing to make deeper production cuts.West Texas Intermediate futures pared some losses after dropping 0.8% earlier. The American Petroleum Institute reported that crude … Read more
By Jef Feeley and Dana Hull Oct 30, 2019 (Bloomberg) Tesla Inc. chief executive officer Elon Musk said he shifted resources from the solar company he bought three years ago to save his electric-car company from bankruptcy while it was ramping up production of the Model 3.Musk made the admission as part of a lawsuit … Read more
October 30, 2019 CNW Company remains on track to achieve 2019 guidance CALGARY, Oct. 30, 2019 /CNW/ – HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Normalized EBITDA1 was $178 million, compared to $226 million in the prior year, with strong contributions from the Ridley Island Propane Export Terminal (RIPET) ($37 million) being more than offset by … Read more
October 29, 2019 Globe Newswire Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSXV: SOIL) (FSE: SMK) is pleased to confirm that it has commenced a four well drilling program for the fourth quarter of 2019, along with the issuance of stock options. Q4 2019 Drilling Program The Company is pleased to confirm the commencement … Read more
The Courage to Be Real: Why We Need to Talk About Mental Health As October’s Mental Health Awareness Month winds to a close, I’ve been reflecting on just how critical this topic is to us here in Alberta. I’ve had my struggles and dark times, and I’m sure you’ve had them, too. Far from being … Read more
Canadian oil and natural gas makes a difference in every part of our lives: Find out how! Find out more at www.context.capp.ca
Scovan has been creating innovative solutions for the heavy oil industry for 10 years. Engineered by Scovan on behalf of the Pengrowth Energy Corporation, The Lindbergh Project was a 12,500 barrel per day greenfield Steam Assisted Gravity Drainage (SAGD) development located 75 km south of Cold Lake, Alberta, which has since been expanded to 18,000 bbl/d. The commercial development consisted … Read more
Congratulations to Syncrude Canada Ltd. on the production of its 3 billionth barrel of oil. Syncrude has contributed more than $84 billion to the economy of Alberta since beginning operations. A hugely important driver of our economy for decades.
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. Following the 2019 Redwater ruling, banks began revising the metrics they use … Read more
Facility addresses full-service safety and environmental solutions for the oil and gas industry and equipment installed in potentially explosive atmospheres with an expanded footprint marking UL’s 99-year presence in Canada Edmonton, Alberta, Oct. 29, 2019 — UL, a leading global safety science company, today officially opened a new hazardous locations customer service center and laboratory … Read more
When? November 6, 2019 10 AM to 11 AM MST 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 … Read more
EDMONTON — Alberta has introduced a new climate plan for the province’s big greenhouse gas emitters that it says will achieve similar emissions cuts as the former NDP government’s plan and at less cost.
“Our projections are that we’re looking at getti…
By Samuel Potter Oct 29, 2019 (Bloomberg) Tariff Man is having a bad week, Labour backs an election, and earnings are mixed. Here are some of the things people in markets are talking about today. Trump’s bad week Tariff Man has had a rough start to the week. First the World Series jeers, and then House Speaker Nancy … Read more
By Catherine Ngai, Mike Jeffers and Kevin Crowley (Bloomberg) America’s shale boom got the world accustomed to soaring production. Now growth has slowed, and a cloud has formed over the industry.Fracking pushed the U.S. closer to its long-sought goal of energy independence at a time of unprecedented geopolitical risk. Wells from Texas’s Permian Basin to the … Read more
By Nayla Razzouk and Manus Cranny Oct 29, 2019 (Bloomberg) Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output than it agreed to with other global producers, according to Nigerian Minister of State for Petroleum Resources Timipre Sylva.“He assured me that they are very ready to … Read more
By Heesu Lee and Alex Longley Oct 29, 2019 (Bloomberg) Oil declined for a second day on expectations of rising inventories at a key pricing point in Oklahoma.Futures in New York fell as much as 1.4% after dropping 1.5% Monday. Genscape Inc. said oil stored at the Cushing storage hub expanded last week, reviving concerns … Read more
By TIM BOWER One oft-cited reason why more female executives don’t advance to top management jobs is their lack of access to informal organizational and industry networks. Some people blame unconscious bias: High-ranking men connect more easily with other men. Others cite professional and personal obligations, from office housekeeping to child-rearing, that disproportionately fall … Read more
EDMONTON — As Alberta prepares to release details on its new climate plan, critics are wondering about funding cuts to environmental monitoring and greenhouse gas management already spelled out in last week’s budget.
“We will have diminished capacity,…
CALGARY — Third-generation farmer James Praskach has been burned by the oil and gas sector and watched wicked weather pound his crops flat, but he is hoping a new kind of energy — the renewable kind — will pay dividends.
The 39-year-old is part of a l…
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
By Yakob Peterseil Oct 28, 2019 (Bloomberg) Brexit extension is granted, HSBC eyes a revamp and Trump’s military win provides some consolation. Here are some of the things people in markets are talking about today. Means and ways The European Union agreed to delay Brexit by three months to Jan. 31 after French President Emmanuel Macron dropped his opposition to the plan. While the move … Read more
By Heesu Lee and Alex Longley Oct 28, 2019, (Bloomberg) Oil was steady after the biggest weekly advance in more than a month on signs of progress in the prolonged U.S.-China trade spat. Futures were little changed in New York after capping a 5.4% weekly gain on Friday. The U.S. said it was close to … Read more
By Kevin Crowley and Kelly Gilblom Oct 27, 2019, (Bloomberg) Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results to investors demanding ever-higher payouts.The so-called supermajors — Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., Total SA and … Read more
CALGARY — Alberta’s finance minister says the province will have the luxury of diversifying its revenues once its budget is balanced.
Travis Toews told a Calgary Chamber of Commerce luncheon that the government should look at ways to become less depen…
CALGARY — The Impact Assessment Agency of Canada is inviting public comment on the proposed Frontier oilsands mine project in northern Alberta.
The agency, which was until recently called the Canadian Environmental Assessment Agency, says the public a…
Canada’s drilling rig count is up 4 actively drilling rigs according to data collected by Baker Hughes for the week ending October 25, 2019 From one week ago, Alberta rig counts increased 2 to 95 and the Saskatchewan rig counts increased 3 to 35. Oil drilling increased 4 to 102 and gas stayed the same … Read more
By Anthony DiPaola and Manus Cranny Oct 27, 2019 (Bloomberg) Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg TV interview.U.S. shale production has turned the world “on its head,” and Goldman Sachs Group … Read more
By Julian Lee Oct 27, 2019 (Bloomberg Opinion) It’s just been six months since the biggest crisis for Russian oil distribution in living history, and the leader of the country’s largest oil company is already flinging mud in the direction of the world’s other two giant oil producers, Saudi Arabia and the U.S.On Thursday, speaking at … Read more
CARACAS, Venezuela — Motorists in socialist Venezuela have long enjoyed the world’s cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers …
October 25, 2019 Reuters Pump Jacks are seen at sunrise near Bakersfield, California U.S. energy companies reduced the number of oil rigs operating this week, leading to a record 11-month decline as producers follow through on plans to cut spending on new drilling.Drillers cut 17 oil rigs in the week to Oct. 25, bringing the … Read more
Dave Martin. P. Eng., Quantum Technical Services Ltd. Mike Smith P. Eng., Western Engineered Containment Ltd. Comparison of Penetration Sealing Techniques for Polyethylene and Spray Applied Polyurea Geomembranes and Vapour Barriers – Western Engineered Containment Abstract: Sealing around penetrations remains a source of concern when designing a geomembrane containment or soil gas barrier. In … Read more
Access to Energy Resources has Immense Challenges in Winter Conditions. In late fall, wet, muddy conditions can slow down access to energy sources in Western Canada’s oil sands region—making access by heavy trucks and equipment nearly impossible. So, energy companies wait for frozen ground before ramping back up on production. Even in winter, access to … Read more
Buenos Aires, Argentina–(Newsfile Corp. – October 25, 2019) – Centaurus Energy Inc. (TSXV: MVN) (OTCQX: MDLNF) (formerly Madalena Energy Inc.) (the “Company“) is pleased to announce that it has amended its articles to change its name to “Centaurus Energy Inc.”. The Company obtained requisite approval from shareholders at the special meeting held on September 20, … Read more
October 24, 2019 Reuters Alberta, Canada’s main oil-producing province, said on Thursday its budget deficit would increase in the 2019-20 fiscal year because of a provision made for potential losses on crude-by-rail contracts that were signed by the previous government. Alberta’s deficit is expected to reach C$8.7 billion ($6.7 billion) in the fiscal year ending March … Read more
There is a second fraud lawsuit in the United States against ExxonMobil involving Alberta’s oilsands.
The lawsuit, filed on Thursday by the state of Massachusetts, accuses the oil multinational of misleading investors about what climate change measure…
Plenty of cash is flowing into digital initiatives at large, industrial companies. In fact, the executives we surveyed recently at 1,350 of these businesses globally reported investments in digital reinvention totaling more than $100 billion between 2016 and 2018. The problem is that the expected results often fail to materialize. Most of the leaders we surveyed … Read more
By Yakob Peterseil Oct 25, 2019 (Bloomberg) Another spanner in the Brexit works, Amazon disappoints, and the U.S. starts a spy hunt. Here are some of the things people in markets are talking about today. Brexit knots The European Union is considering how long to delay the U.K.’s departure from the bloc, but Boris Johnson’s bid … Read more
By Saket Sundria and Grant Smith Oct 25, 2019 (Bloomberg) Oil held steady amid signs of weaker demand, but remained on track for the biggest weekly gain in more than a month as supplies tightened. Futures were little changed in New York, on course for a weekly increase of more than 4%. U.S. government data … Read more
By David Fickling Oct 24, 2019 (Bloomberg Opinion) From the Rocky Mountains to the Rhineland and Australia’s Great Dividing Range, the great tide of the coal industry is receding.The entire Powder River Basin, the region spanning the states of Montana and Wyoming that provides about half of America’s thermal coal, is “distressed,” Moody’s Investors Service … Read more
By Jeremy Hodges and William Mathis Oct 25, 2019 (Bloomberg) The pace of expansion in the offshore wind industry needs to double to meet the world’s climate targets, the International Energy Agency said.The Paris-based institution estimated investment in the technology is growing 2.2% a year, drawing in $840 billion over the next two decades. To … Read more
By Natalie Obiko Pearson Oct 24, 2019 (Bloomberg) Canadian hydrogen fuel-cell pioneer Ballard Power Systems Inc. has hung on for four decades without posting a profit, waging a battle far head of its time against the combustion engine.It says its moment may finally be arriving. Fuel-cell and hydrogen costs are falling, while emissions rules are … Read more
Lori Ackerman speaks up Lori was named as Canadian Energy Person of the Year. She followed that up with a video interview with Rex Murphy on the challenges faced by the energy industry, its workers, and its communities.
October 24, 2019 | Source: Precision Drilling Corporation CALGARY, Alberta, Oct. 24, 2019 (GLOBE NEWSWIRE) — (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the … Read more
VANCOUVER — A proposal to build the first ship-to-ship liquefied natural gas marine refuelling service along the west coast of North America is getting support from the British Columbia government.
A statement from the premier’s office says replacing …
In advance of Friday’s “climate strike” in Vancouver, SecondStreet.org released today “Oil in the classroom,” a short video clip that examines all kinds of products in a typical Canadian classroom that are made at least in part with oil. SecondStreet.org released the clip today as such strikes often feature unrealistic platitudes such as “keep oil in the … Read more
LEAD OR BE LEFT BEHIND! LEARN HOW TO LEVERAGE DIGITAL MARKETING & SALES AUTOMATION TO GROW YOUR ENERGY SERVICE BUSINESS REGISTER HERE The energy industry is going digital…fast!! Not only with new technologies but also with the way customers source information about your company and buy your products and services. In today’s digital world, referrals … Read more
SIOUX FALLS, S.D. — South Dakota’s governor said Thursday that the state has agreed not to enforce aspects of laws that critics say were meant to suppress expected protests against the Keystone XL pipeline, under a settlement with a group that challen…
EDMONTON — Alberta’s budget preserves health and education funding but takes a big stick to cities, civil servants and universities.
The first budget from the United Conservative government elected in the spring projects a deficit of $8.7 billion on $…
VANCOUVER — A Vancouver-area landfill has received approval to produce renewable natural gas, a type of energy captured from biogases created by rotting food or other decomposing organic matter.
Fortis BC and the City of Vancouver will work together t…
By Lorcan Roche Kelly Oct 24, 2019 (Bloomberg) Draghi’s last stand, it’s PMI day, and earnings season continues apace. Here are some of the things people in markets are talking about today. Ciao European Central Bank President Mario Draghi gives the last post-decision press conference of his term today. While economists expect no policy change from this meeting, Draghi is … Read more
By Ishika Mookerjee Oct 24, 2019 (Bloomberg) The world needs to spend $50 trillion on five areas of technology by 2050 to slash emissions and meet the Paris Agreement’s goal of halting global warming, Morgan Stanley analysts wrote in a report. To reduce net emissions of carbon to zero, the world would have to eradicate … Read more
By Saket Sundria and Grant Smith Oct 24, 2019, 6:28 AM (Bloomberg) Oil traded near $56 a barrel in New York as weak economic data from Germany added to concerns over slowing global fuel demand, tempering the boost from a surprise pullback in U.S. crude stockpiles. Futures recouped earlier losses of 1% as equities strengthened on positive … Read more
By Divya Balji Oct 24, 2019 (Bloomberg) Canada’s $2.2 trillion stock market has hit multiple records this year but that’s not impressing foreign investors. The nation’s equities are on pace to record the lowest foreign inflows since 2012, according to data compiled by Bloomberg — just $970 million as of the end of August. Overseas … Read more
October 23, 2019 Globe Newswire TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that 173,386 of its 18,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) were deposited for conversion on October 30, 2019 on a one-for-one basis into floating rate Cumulative Redeemable First Preferred Shares, Series 10 (Series 10 Shares). … Read more
October 23, 2019 Globe Newswire Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has completed the second closing in respect of its previously announced private placement offerings of subscription receipts (the “Offerings”) for aggregate gross proceeds of $44.4 million today. Together with proceeds raised in the first closing of the Offerings on … Read more
October 23, 2019 Stewart Muir Canada is increasingly a country of energy pessimists and energy optimists, where the nation’s economic foundation of oil & gas has become the ideological battleground for much bigger issues. Those who believe that energy supplied by Canada is a beneficial contribution to the global economy are pitted against others carrying out … Read more
CALGARY — Precision Drilling Corp. says it lost $3.5 million in its latest quarter compared with a loss of $30.6 million in the same quarter last year as it cut expenses.
The oilfield services company says the loss amounted to a penny per share for th…
OTTAWA — The Liberal government expects to get $500 million a year out of the expanded Trans Mountain pipeline and is promising to spend it all on cleaner sources of energy and projects that pull carbon out of the atmosphere.
Finance Minister Bill Mor…
Alberta’s oilsands are at the centre of a court battle in New York this week that legal experts say could affect future climate lawsuits in Canada.
“The evidence that’s coming out through this case is absolutely relevant to other lawsuits,” said Marti…
CALGARY — The CEO of Calgary-based Husky Energy Inc. says social media speculation that layoffs put in place the morning after the federal election this week were in reaction to political events are just “B.S.”
The cuts were simply designed to align t…
CALGARY — The United Conservative government in Alberta says it will carry on with a program introduced by the former NDP regime to use $1.1 billion in energy royalty credits to encourage new petrochemical projects.
But it will cancel two other NDP en…
OTTAWA — Green Leader Elizabeth May hopes to use whatever influence her three-member caucus has to ensure bolder climate action, a pharmacare plan and a promise of lower cellphone rates make their way into the next throne speech.
May has spoken with P…
By Lorcan Roche Kelly Oct 23, 2019 (Bloomberg) Impeachment vote more likely after diplomat testimony, U.K. may be heading for an election, and earnings season rumbles on. Here are some of the things people in markets are talking about today. Undiplomatic Testimony from William Taylor, the top U.S. envoy to Ukraine, has given new impetus to … Read more
By Anurag Kotoky Oct 23, 2019 (Bloomberg) “Flight shame” — flyers feeling guilty about their carbon footprint — is a real phenomenon and will raise costs for airlines, consumers and companies, while catapulting emission offsetting into a big business, Citigroup Inc. predicts. The cost of offsetting planes’ carbon emissions could become as much as 10 … Read more
By Saket Sundria and Grant Smith Oct 23, 2019 (Bloomberg) Oil fell as Russia sounded a cautious note on whether OPEC and its partners may cut production further, while industry data showed U.S. crude inventories were expanding. Futures fell as much as 1.3% in New York, erasing some of Tuesday’s gains as Russia’s Energy Minister … Read more
By Adam Majendie and Pratik Parija Oct 23, 2019 (Bloomberg) $300 billion. That’s the money needed to stop the rise in greenhouse gases and buy up to 20 years of time to fix global warming, according to United Nations climate scientists. It’s the gross domestic product of Chile, or the world’s military spending every 60 days. … Read more
By Paula Sambo and Divya Balji Oct 22, 2019 (Bloomberg) Larger federal deficits, continued uncertainty for the energy sector and a potential push to reduce bills in the telco sector are in store for Canada after Prime Minister Justin Trudeau won a second term on Monday, investors and analysts say. Trudeau’s Liberals were reduced to minority status … Read more
By Kevin Orland Oct 22, 2019 (Bloomberg) One of Justin Trudeau’s top lieutenants says the Canadian prime minister will proceed with an expansion of the Trans Mountain oil pipeline even as he’s now likely to share power with the more environmentally minded New Democratic Party.“We will move forward on this project because we know it … Read more
October 22, 2019 Canada’s federal election on Monday left the country’s western oil patch without any representation in Ottawa, furthering a sense of alienation in a region already deeply frustrated with the government’s energy and pipeline policies. Prime Minister Justin Trudeau’s Liberals, who will form a minority government, failed to win a seat in either … Read more
As stricter guidelines and requests for project development have been enforced by the government, companies are now prioritizing the importance of working with Indigenous communities to build long-lasting relationships and to ensure they benefit from these projects. With Bill C69 now passed, the pressure to generate and submit reports on pre-consultation engagement will become … Read more
In this article, we’ll examine the three main sources of drill planning information and look at the pros and cons of each. 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 … Read more
This article was originally published on blog.paradoxaccess.com Winter is coming… along with extreme weather and environmental conditions, which can greatly impact the productivity of companies with labour-intensive, outdoor operations. And although no one can control Mother Nature, we all have control over how we prepare for these types of conditions. Being prepared for winter conditions … Read more
Calgary-based Husky Energy Inc. is confirming it is laying off staff but won’t say how many.
The company controlled by Hong Kong billionaire Li Ka-Shing says the reductions are a result of steps taken to align its workforce with its capital plan and s…
The Canadian Association of Oilwell Drilling Contractors (CAODC) would like to congratulate all of Canada’s federal parties running in the 2019 election, and all voting Canadians for participating in the democratic process. CAODC looks forward to continuing to work with the federal government to develop Canada’s world-class oil and gas industry, and getting oil and … Read more
CALGARY — Investors in the oil and gas sector were shrugging off the federal election results despite predictions that a Liberal minority propped up by the NDP and Greens would result in policies that hurt the industry.
Shares in several Canadian oil …
By Lorcan Roche Kelly Oct 22, 2019 (Bloomberg) Trudeau wins second term, Brexit rumbles on, and a big day for corporate news. Here are some of the things people in markets are talking about today. Just enough Canadian Prime Minister Justin Trudeau has won a second term, securing enough seats to form a stable government with support … Read more
By David Fickling Oct 21, 2019 (Bloomberg Opinion) On paper, you could scarcely imagine two more different companies than WeWork and Saudi Aramco.The serviced-office startup is a notorious cash sink, while Saudi Arabian Oil Co. is a gusher of dollars. In retrospect, the canceled initial public offering by WeWork’s parent We Co. seems inevitable, given its $17.32 billion … Read more
By Saket Sundria and Grant Smith Oct 22, 2019 (Bloomberg) Oil held steady as estimates of brimming U.S. crude stockpiles added to signs that, with demand constrained by weak economic growth, markets remain comfortably supplied.West Texas Intermediate futures were little changed above $53 a barrel after falling for the past two days. U.S. crude inventories … Read more
By Kevin Orland and Robert Tuttle Oct 21, 2019 (Bloomberg) The prospect of Canadian Prime Minister Justin Trudeau sharing power with parties that are more stridently in favor of fighting climate-change is already causing concern among leaders of the nation’s energy industry.Trudeau won reelection Monday night, but lost his majority in parliament, meaning the New … Read more
Throughout my career in the technology industry, I’ve experienced so many times where bridging two seemingly incompatible worlds has been necessary to keep moving forward. Whether it’s balancing a heavy workload and making time for family or engaging as a small cleantech company with government and global industry giants, I think every entrepreneur is familiar … Read more
CALGARY — The Canada Energy Regulator says exports of crude oil by rail from Canada fell slightly in August to 310,000 barrels per day from 313,000 bpd in July.
The August number is up 35 per cent from 230,000 bpd reported in August of 2018 but still …
CHOA’S FALL CONFERENCE & CELEBRATION & AWARDS EVENING Registration November 6 & 7, 2019 – Hotel Arts, Calgary The Canadian Heavy Oil Association is thrilled to announce Vivian Krause as our Keynote speaker at for our 30 Year Celebration & Awards Reception. CHOA’s Fall Conference will bring together hundreds of professionals and experts for a … Read more
October 21, 2019 CNW CALGARY, Oct. 21, 2019 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces the reporting date of its upcoming third quarter 2019 financial and operating results and the resignation of its Chief Financial Officer. Date of Third Quarter Results Obsidian Energy expects to release its … Read more
EDMONTON — Alberta and Saskatchewan were painted a solid Conservative blue on Monday, but leaders must now wrap their heads around getting resources to market with a Liberal minority government in Ottawa that will need the help of other parties to rem…
Calgary and Edmonton, Alberta and Montreal, Quebec–(Newsfile Corp. – October 21, 2019) – AltaGas Canada Inc. (“ACI”) (TSX: ACI), the Public Sector Pension Investment Board (“PSP Investments”), and the Alberta Teachers’ Retirement Fund Board (“ATRF”) announced today that PSP Investments and ATRF (together, the “Consortium”) and ACI have concluded a definitive arrangement agreement (the “Arrangement … Read more
By Lorcan Roche Kelly Oct 21, 2019 (Bloomberg) Brexit deal optimism holds, China prepares for sub-6% growth, and Trump’s bad week. Here are some of the things people in markets are talking about today. Not yet British Prime Minister Boris Johnson’s first attempt to get his Brexit deal through Parliament on Saturday failed, and he has been forced … Read more
By Saket Sundria and Grant Smith Oct 21, 2019 (Bloomberg) Oil fell again after a weekly loss amid ongoing concern that a fragile economic outlook will continue to weigh on fuel demand. Futures fell 1% in New York after dropping 1.7% last week. Policy makers in China, the world’s second-biggest oil consumer, are preparing for … Read more
By Julian Lee Oct 20, 2019 (Bloomberg Opinion) Saudi Arabia should give up trying to manage the global crude market and return to the pump-at-will policy it briefly adopted in 2014 under its longest serving oil minister Ali Al-Naimi.In the mercantilist world in which we now live, where decisions are based on narrow national interest, it makes … Read more
By Shelly Hagan Oct 21, 2019 (Bloomberg) Canada’s economic landscape is poised to see some minor changes after Monday’s election, regardless of whether Justin Trudeau’s Liberals or Andrew Scheer’s Conservatives take power, though the big picture drivers and challenges to growth will largely remain unchanged.Here’s what will, and won’t, likely change after the vote. Fiscal … Read more
Quarterly update on Canadian and international economic trends and events A quarterly publication that offers insights from Deloitte economists on trends and events shaping Canadian and international economies such as economic growth, consumer spending, business investment, trade, market activity, interest rates, and commodity prices. ACCESS REPORT Despite ups and downs on the global front, Canadian … Read more
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
This brief 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. Watch now
October 18, 2019 CNW CALGARY, Oct. 18, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce that it has successfully closed the previously announced sale of its Uinta Basin asset and certain non-core conventional assets in southeast Saskatchewan. These accretive dispositions are in-line with the Company’s strategy to … Read more
CDN Controls Ltd. is excited to announce the opening of a new office in Kitimat, BC. This new location will be CDN’s seventh office which will be led by Rob Campbell, Branch Manager. Rob has been with CDN for 9 years and was born and raised in Kitimat before leaving to pursue work opportunities in … Read more
One of the most important, and often overlooked aspects for businesses working with other businesses, is knowing your client. Your clients’ ability to pay your invoices if changes in the market place occur, or they are hit with a sudden burden, can be the difference in your own company’s survival. All too often the risks … Read more
Canada’s drilling rig count is down 3 actively drilling rigs according to data collected by Baker Hughes for the week ending October 18, 2019 From one week ago, Alberta rig counts decreased 2 to 95 and the Saskatchewan rig counts decreased 2 to 32. Oil drilling decreased 4 to 98 and gas increased 1 to … Read more
FORT MCMURRAY, Alta. — Swedish climate activist Greta Thunberg continued her tour of Alberta’s oilsands region on Saturday, an Indigenous group says, conducting interviews that the group says will be part of an upcoming BBC documentary.
The Mikisew Cr…
Discussions regarding energy and the environment in Canada have become increasingly heated and divisive. Canada, meanwhile, is failing to reduce greenhouse gas emissions despite policies and court decisions that have caused significant damage to our world-leading energy industry. Time to explore some of the serious unintended consequences of our current regulatory environment and find a … Read more
By Jacquelyn Melinek Oct 18, 2019 (Bloomberg) Oil posted a weekly loss amid concerns over a slowing global economy and abundant crude supplies. Futures in New York fell 1.7% this week. China reported the slowest pace of economic growth since the early 1990s last quarter, and U.S. government data a day earlier showed American crude inventories expanding. … Read more
October 18, 20194:20 PM Reuters Teenage climate activist Greta Thunberg joined thousands of protesters marching in Canada’s energy heartland Alberta on Friday, as a smaller counter-rally led by a truck convoy of oil and gas workers also converged on the provincial capital Edmonton. A crowd of several thousand led by indigenous drummers with students, young people … Read more
October 18, 2019 Reuters U.S. energy firms this week increased the number of oil rigs operating for a second week in a row for the first time since June even as producers follow through on plans to reduce spending on new drilling this year. Companies added 1 oil rigs in the week to Oct. 18, bringing … Read more
We put forward a motion calling out federal parties that want to let provinces block pipelines. The Constitution is crystal clear: interprovincial pipelines are an exclusive federal responsibility. We need national leadership that unites Canada, rather than balkanizing it.
October 18, 2019 Reuters Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada’s East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant, the company said. The Goldboro LNG terminal would be the first on Canada’s East Coast and compete with the … Read more
Media Release Indian Resource Council Chiefs Respond to Edmonton Climate Strike October 18, 2019 FOR IMMEDIATE RELEASE Today the Indian Resource Council, an organization representing over 100 oil and gas producing First Nations, met in Edmonton to discuss ways in which they can further assume control over their oil and gas resources from the Government of Canada. … Read more
October 17, 2019 Globe Newswire CALGARY, Alberta, Oct. 17, 2019 (GLOBE NEWSWIRE) — Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) is pleased to announce that it has entered into a definitive agreement to sell a 75% working interest in 11,280 gross acres (8,460 net acres) in the north east British Columbia Montney … Read more
October 17, 2019 Newsfile Advantagewon Oil Corp., (CSE: AOC) (OTCQB: ANTGF), (the “Corporation”, “Advantagewon”, “AOC”) announced today that it had completed on the first Canadian based well of its three well joint venture reactivation plan what the Corporation announced, via press release, back on September 26th, 2019. The first of the three well initiative is producing, … Read more
By Lorcan Roche Kelly Oct 18, 2019 (Bloomberg) China grows at slowest pace in decades, Brexit deal faces knife-edge vote, and Aramco delays IPO (again). Here are some of the things people in markets are talking about today. Miss China’s gross domestic product rose 6% in the three months to September, the slowest pace since the early 1990s, … Read more
By Elizabeth Low and Grant Smith Oct 18, 2019 (Bloomberg) Oil rose for a third day in New York amid low trading volumes, recouping most of this week’s earlier losses, yet the outlook remained clouded by concerns over the economy and abundant supplies.West Texas Intermediate futures climbed as much as 1.2% with little news to … Read more
By Grant Smith Oct 18, 2019 (Bloomberg) As the clamor grows for OPEC to slash even more oil production, and the group vows to consider any necessary action, its next meeting could result in an unusual step: a preemptive supply cut.The Organization of Petroleum Exporting Countries and its partners — known as OPEC+ — have … Read more
By David Yager Close elections nowadays have become impossible to predict. So it goes when Canada votes on October 21. Although polling has exploded and results are released daily, the final outcome is increasingly surprising because of undecided voters and the growing numbers of people who lie to pollsters. As has been endlessly repeated, the … Read more
By Susanne Barton Oct 18, 2019 (Bloomberg) Canada’s dollar is the best-performing major currency this year and the nation’s stocks are going strong. But now isn’t the time for investors to rest on their laurels. The upcoming federal election is the next big event to test the market’s resilience.With less than a week left to the … Read more
October 17, 2019 | Source: Parkland Fuel Corporation CALGARY, Alberta, Oct. 17, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI) announced today that it is launching JOURNIE™, a nationwide rewards and customer loyalty program with CIBC as its strategic banking partner. JOURNIE™ will offer Canadians compelling fuel savings and merchandise offers and will launch in … Read more
Razor Energy is pleased to remind investors of its current CRCE (Canadian Renewable Conservation Expense) Flow Through Credit offering of up to $5M for investors interested in taking advantage of the 100% investment tax credit available. The CRCE tax credit is applicable to Razor’s 23MW Energy generation project on its Swan Hills operations site in … Read more
EDMONTON — Albertans are planning to hit Edmonton’s streets today to support — or protest — Swedish climate campaigner Greta Thunberg’s visit.
Climate Justice Edmonton has announced that the 16-year-old Stockholm student will join a march from a downt…
October 17, 2019 Reuters TC Energy Corp will cut crude volumes flowing through the Keystone oil pipeline for the rest of October after declaring force majeure due to a snowstorm in Manitoba over the weekend, sources familiar with the matter said on Thursday. The company is expected to cut volumes entering the Keystone pipeline from Canada … Read more
EDMONTON — A group oil and gas supporters is planning a counter-rally when Swedish climate activist Greta Thunberg shows up at the Alberta legislature.
Glen Carritt, who organized the United We Roll convoy that travelled to Ottawa in February, says a …
October 17, 2019 Globe Newswire Highlights: Acquisition immediately accretive to the Company Acquired majority of the gas needed to supply Train 1 at Goldboro LNG facility Further progress made toward Goldboro LNG final investment decision Pieridae remains committed to working respectfully with area communities and Treaty 7 Nations Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: … Read more
October 17, 20195:00 AM Globe Newswire Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSXV: SOIL) (FSE: SMK) is pleased to provide an operational update highlighting results from the Company’s second-half 2019 drilling program, which exceeded expectations, as well as information regarding Saturn’s participation in upcoming investor-focused European events and the issuance of stock options. … Read more
October 17, 20195:00 AM Globe Newswire GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report the preliminary results for the third-quarter and an operational update. During the recently completed third quarter, the Company made significant progress on debt repayment and completed an initial test of a recompletion program which has the potential … Read more
October 16, 2019 CNW Black Swan Energy Ltd. (“Black Swan”) is pleased to announce the official opening of its Nig Creek Gas Processing Facility located in northeast British Columbia. Today the company hosted a celebration at the plant which was attended by the Chief of the Blueberry River First Nations, Marvin Yahey, Mayor of Fort St. John and 2019 Canadian … Read more
UNICAT Catalyst Technologies, Inc. welcomes you to our Pressure Swing Adsorption Seminar to be held at the Hilton New Orleans Riverside in New Orleans, LA on November 14 – 15, 2019. Regardless of your experience, you will leave with the fundamentals of PSA systems and the knowledge and valuable trouble shooting skills to optimize your … Read more
By Lorcan Roche Kelly Oct 17, 2019 (Bloomberg)Brexit deal agreed in Brussels, China says officials working on text of a trade agreement, and more bank earnings due. Here are some of the things people in markets are talking about today. Deal done European Commission President Jean-Claude Juncker says a new Brexit deal has been reached. The pound … Read more
By Elizabeth Low Oct 17, 2019 (Bloomberg) Oil traded near $53 a barrel after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing while demand ebbs.Futures were down 0.2% in New York, paring earlier losses of as much as 1.1% after the European Union and the U.K. … Read more
October 17, 2019 As the most ubiquitous Swedish product since IKEA’s Billy bookcase, the fact that Greta Thunberg’s climate symphony in the key of apocalypse has now arrived in Alberta should not have come as a surprise. Some say she’s also packing more hypocrisy than you could fit in a Vardegan. (That’s a measuring cup … Read more
October 16, 2019 Reuters TC Energy Corp has declared force majeure on shipments on its 590,000-barrel-per-day (bpd) Keystone oil pipeline after a snow storm hit Manitoba over the weekend, disrupting operations, sources familiar with the matter said on Wednesday. Force majeure is a declaration that unforeseeable circumstances prevented a party from fulfilling a contract. The storm … Read more
October 16, 2019 Reuters The discount on Canadian heavy crude narrowed versus U.S. benchmark West Texas Intermediate (WTI) crude on Wednesday as the monthly trade cycle wrapped up.Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $16.15 per barrel below WTI, according to Net Energy Exchange. On Tuesday November WCS … Read more
October 16, 2019 Dave Humphreys A few months ago I wrote an article which at the time I thought would be my first and my last venture into journalism. I wrote the article because I felt extremely frustrated with the unbelievable, hypocritical and untruthful propaganda that was being strewn across the national media circuit by … Read more
By Kevin Orland and Natalie Obiko Pearson Oct 16, 2019 (Bloomberg) At the Fish Place diner in Fort McMurray, booths are filled with oil workers in baseball caps and the parking lot is lined with pickup trucks sporting six-foot (1.8 meter) neon safety flags, a hallmark of the mining industry. Fort McMurray is the regional … Read more
CALGARY — The Canadian Gas Association says building renewable electricity capacity to replace just half of Canada’s current fossil fuel-generated energy could increase national costs by as much as $1.4 trillion over the next 30 years.
In a report, it…
She’s coming! Greta is coming! She’s coming right here to Alberta! Did you hear? Somebody said she’s already in Calgary! Or on her way! Wow! Does that mean we’ll be on CNN? Look at me, Mom! I’m with Greta and she’s famous with millions of followers on Instagram and she’s so cool and the newspapers … Read more
October 16, 2019 Reuters The 135,000 barrel per day Co-op Refinery Complex in Regina, Saskatchewan, is preparing for possible strike action after the local workers union declared an impasse in negotiations over pensions. Federated Co-operatives Limited began constructing a work camp on Tuesday to house temporary contract workers in case of a strike, Gil Le Dressay, … Read more
October 16, 20198:22 AM Business Wire Rangeland Midstream Canada, Ltd. (”Rangeland Canada”), a wholly owned subsidiary of Rangeland Energy III LLC, today announced it has commenced the construction of its Marten Hills Pipeline System. The system consists of new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta. The Marten … Read more
Ron Bousso, Dmitry Zhdannikov LONDON (Reuters) – Royal Dutch Shell (RDSa.L) still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an interview with Reuters, Ben van Beurden expressed concern that some shareholders … Read more
You don’t need to take in Disney’s latest Star Wars installments to see robots battling robots. Just pay a visit to the cyber desk of an energy company. The US Department of Homeland Security believes that over 50% of all cyber attacks from 2015 to 2019 have been aimed at energy infrastructure. If your company is not already bringing digital tools to the combat, you’re showing up with a butter knife to a fire fight. Check … Read more
By Lorcan Roche Kelly Oct 16, 2019 (Bloomberg) Brexit deal hopes dim, China warns of retaliation over Hong Kong bill, and earnings roll on. Here are some of the things people in markets are talking about today. Brexit trouble If yesterday was dominated by hopes of an imminent agreement over the U.K.’s exit from the European Union, … Read more
By Julian Lee Oct 16, 2019 (Bloomberg) The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. That’s the inescapable conclusion from the latest round of monthly reports published by the three big oil-forecasting agencies.The International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum … Read more
By Elizabeth Low and Grant Smith Oct 16, 2019 (Bloomberg) Oil steadied near $53 a barrel after two days of declines as the fragile economic environment and unresolved U.S.-China trade war continue to deteriorate the outlook for global fuel demand.Futures in New York rose 0.6%. The International Energy Agency sees a “serious challenge” for OPEC and other … Read more
October 15, 2019 | Source: BHE Canada CALGARY, Alberta, Oct. 15, 2019 (GLOBE NEWSWIRE) — BHE Canada will break ground on a new wind farm in southeast Alberta in 2020, providing low-cost, clean energy for Albertans. The new 117.6 MW Rattlesnake Ridge Wind project will be located southwest of Medicine Hat and will produce enough energy to supply … Read more
October 15, 2019 Reuters Canadian heavy crude differentials narrowed slightly versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday as the monthly trade cycle neared its end:Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $16.00 per barrel below WTI, according to Net Energy Exchange. On Friday November WCS … Read more
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
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. Several times a year, we like to take a look at expiring … Read more
Regulations are coming into effect that require upstream oil & gas producers to inventory and reduce their methane emitting equipment. TriCore can help you become Directive 60 compliant for free. Visit tricoresolutions.ca to learn more, or email inquiries@tricoresolutions.ca.
October 15, 2019 Globe Newswire Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that it has closed a portion of its previously announced private placement offering of subscription receipts (the “Offerings”) for aggregate gross proceeds of $2.1 million today. Pursuant to the Offerings, Delphi issued 797,512 equity subscription receipts (“ESRs”) at a price of … Read more
October 15, 2019 Globe Newswire Enerkem Inc., a world-leading waste-to-biofuels and chemicals producer, today announced the closing of a $50 million equity investment from Suncor. As Canada’s leading integrated energy company, Suncor first participated in the ownership of Enerkem in April 2019 as part of a $76.3 million equity financing alongside Enerkem’s existing shareholders. With this new … Read more
EDMONTON — The Alberta government won’t seek out a meeting with teen climate activist Greta Thunberg, but Environment Minister Jason Nixon said he hopes the Swedish girl takes time to learn about the province’s oil and gas industry.
“I think when you …
By Lorcan Roche Kelly Oct 15, 2019 (Bloomberg) JPMorgan kicks off bank earnings, pressure mounts on Turkey, and Brexit negotiations head to the wire. Here are some of the things people in markets are talking about today. A lot to watch Earnings season kicks off with a bang this morning as we get reports from JPMorgan Chase & Co., Goldman … Read more
By Elizabeth Low and Grant Smith Oct 15, 2019 (Bloomberg) Oil fell again as a deteriorating outlook for the global economy weighed on demand, while estimates of increased American crude stockpiles suggested that supplies remain abundant.Futures fell as much as 2.2% in New York after declining the same amount on Monday. Investor confidence remained weak … Read more
By Ajay Chhibber Oct 14, 2019 (Bloomberg Opinion) At International Monetary Fund and World Bank meetings in Washington this week, there will be much debate about slowing global growth, the impact of the U.S.-China trade war, the role of central banks in preventing a global recession, the risk of disruption to oil markets and much more. … Read more
Register & Find More Info Here Phoenix’s Introduction to Canadian Energy Marketing courses are full 2-day introductory level courses covering all marketing related topics within the Canadian Crude, NGL, and Natural Gas Industries. Some of the main topics covered in this course include: Basic Concepts and Terminology Supply and Demand Fundamentals Transportation and Storage Pricing … Read more
Aerostar Drone Solutions recently was engaged by a SAGD Operator to help monitor Surface Pipeline movement during start up. SAGD operations typically experience significant pipeline movement during the start up and shut down phases of these pipelines. This operator had seen substantial movement during the last start up resulting in damage to the pipeline and … Read more
Introducing Our Newest Distributor! Since 1977, Hy-Lok has been a respected global leader when it comes to the manufacturing and supplying of fluid system components. Our extensive catalogue of valves, fittings, presetting tools and more, have earned Hy-Lok a reputation for exceptional quality, unbeatable customer service, and a dedication to innovation in our field. Each … Read more
Q: What is your role at WCES? A: I manage the Pipeline Integrity Services Division at West Country. We currently service clients throughout Alberta and Saskatchewan. We are looking forward to opportunities for expansion into more provinces throughout Canada. Q: What type of technology and services are offered to perspective clients? A: Our company offers … Read more
Canada’s drilling rig count is up 2 actively drilling rigs according to data collected by Baker Hughes for the week ending October 11, 2019 From one week ago, Alberta rig counts increased 3 to 97 and the Saskatchewan rig counts decreased 2 to 34. Oil drilling decreased 3 to 102 and gas increased 5 to … Read more
By Julian Lee (Bloomberg Opinion) America’s second shale boom is running out of steam. But don’t panic just yet, a third one may be coming over the horizon.The U.S. Energy Information Administration published its latest short-term energy outlook last week and has cut its forecast of oil production by the end of 2020 for the fourth … Read more
EDMONTON — Swedish climate activist Greta Thunberg has announced that’s she’s going to Alberta.
The 16-year-old tweeted that she’ll be heading north following “a few days of well needed rest while enjoying the spectacular nature of Wyoming, Idaho and …
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
By Lorcan Roche Kelly Oct 14, 2019 Trump’s mini-deal not enough to lift gloom, earnings season kicks off, and Brexit not fixed yet. Here are some of the things people in markets are talking about today. Stayin’ alive China’s agreement to boost agricultural purchases and the White House’s decision to hold off on increasing tariffs … Read more
By Elizabeth Low and Grant Smith Oct 14, 2019 (Bloomberg) Oil slid after surging the most in almost a month on Friday amid doubts that recent progress in the U.S.-China trade talks will compensate for a worsening global demand outlook.Futures in New York fell as much as 1.4% after gaining 2.2% in the previous session. … Read more
By Henry Meyer Oct 13, 2019 (Bloomberg) Russian President Vladimir Putin’s visit on Monday to Saudi Arabia, only his second since he came to power two decades ago, underscores the new depth in ties between the Kremlin and the traditional U.S. ally. Yet there’s also growing frustration in Moscow at the lack of tangible economic … Read more
By Anthony DiPaola Oct 14, 2019 (Bloomberg) In the early hours of a sweltering Saturday in September, a volley of missiles pierced the heart of Saudi Arabia’s oil industry, knocking out 5% of global production. A month later, it’s as if the attack never happened.Saudi Aramco says it’s currently pumping 9.9 million barrels a day, … Read more
For the first time here in Calgary, experts deliver actionable strategies to help your business become diversified and inclusive towards a powerful Indigenous workforce. The comprehensive Workforce Forward program gives you and your team the unique tools to develop successful relationships with Canada’s fastest growing labor pool. Changes made to Canada’s Labour Code took place … Read more
The purpose of the Transportation of Dangerous Goods (TDG) Act and Regulations is to promote public safety when dangerous goods are being handled, offered for transport or transported by road, rail, air, or water (marine). Next time your project needs a little extra protection, give us a call & we’ll handle the rest! 1-800-661-1919
By Jacquelyn Melinek Oct 11, 2019 (Bloomberg) Oil jumped to the highest in two weeks after the U.S. and China reached a partial agreement following trade talks and as an Iranian oil tanker was struck. Futures in New York climbed 2.2% on Friday and the global benchmark Brent closed above $60 a barrel for the first time … Read more
(Reuters) – U.S. energy firms this week increased the number of oil rigs operating for the first time in eight weeks even though energy services firms are cutting jobs as most producers follow through on plans to reduce spending on new drilling this year. Companies added two oil rigs in the week to Oct. 11, … Read more
CALGARY — Tourmaline Oil Corp.’s creation of a hybrid royalty company to hold some of its energy assets spurred a buying rush for the company’s stock on Friday, although its share prices remained well below their 52-week highs.
Stock in the Calgary-ba…
By Golnar Motevalli, Arsalan Shahla and Yasna Haghdoost Oct 11, 2019 (Bloomberg) Iran said missiles struck one of its tankers in the Red Sea, the latest in a series of attacks on oil infrastructure in the region that have roiled energy markets.The Islamic Republic’s tanker company initially said the attacks probably came from Saudi Arabia, … Read more
By Lorcan Roche Kelly Oct 11, 2019 (Bloomberg) U.S.-China talks going “very well,” oil jumps on Iranian tanker attack, and Brexit deal hopes rise. Here are some of the things people in markets are talking about today. Meeting President Donald Trump said that the first day of high-level trade talks with China in Washington went “very well” … Read more
By Sharon Cho and Elizabeth Low Oct 11, 2019 (Bloomberg) Oil jumped to $60 a barrel after reports of missile strikes on an Iranian tanker off the coast of Saudi Arabia reignited fears over military escalation in the world’s most important crude-producing region.Brent futures surged about $1 a barrel after the Islamic Republic News Agency … Read more
By Grant Smith Oct 11, 2019 (BloombergThe International Energy Agency cut forecasts for growth in global oil demand, noting that fears of an economic slowdown are overshadowing the loss of supply during last month’s attack on Saudi Arabia.The strike on the kingdom’s production facilities caused the biggest disruption in modern history, halting about 6% of world oil … Read more
By Natalie Obiko Pearson Oct 11, 2019 Elizabeth May has been the lone green voice in Canada’s legislature for most of the eight years since she became her party’s first elected member of parliament.She may soon have more company. Polls indicate the Oct. 21 election could be a breakthrough for the Green Party as climate … Read more
By Kevin Orland and Chris Fournier Oct 11, 2019 (Bloomberg) Dan Edwards watched Fort McMurray, Alberta, turn into the insolvency capital of Canada from a brown brick warehouse on King Street, home to the Wood Buffalo Food Bank. Ten years ago, about 2,000 people came by every month for jars of peanut butter and cans … Read more
October 10, 2019 Reuters Saudi Arabia, the world’s largest oil exporter, told OPEC that the kingdom’s oil production in September fell by 660,000 barrels per day (bpd) compared with August to 9.13 million bpd in the wake of attacks on its energy installations. Secondary sources said Saudi Arabia’s oil production was even lower, falling month-on-month in … Read more
October 10, 2019 CNW Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline“) is pleased to announce the formation of Topaz Energy Corp. (“Topaz“), a new private royalty and infrastructure energy company. Tourmaline will sell to Topaz: a royalty interest on Tourmaline lands, a non-operated interest in two of Tourmaline’s existing 19 natural gas processing plants, and a contracted interest … Read more
October 10, 2019 Reuters The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Thursday: * Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $16.00 per barrel below WTI, according to Net Energy Exchange. On Wednesday November WCS settled at $15.30 a barrel … Read more
11:30 am October 16, 2019 Calgary Petroleum Club Do you have any burning questions that you need expert advice on? Now is your chance. At this years PASC AGM we will be having an open forum with industry experts from Various disciplines including: Operations Accounting / Financial Accounting JV Audit JV Accounting / Operations Accounting … Read more
NEWS PROVIDED BY Resource Works At the recent Union of British Columbia Municipalities (UBCM) annual convention, local elected leaders from around the province endorsed resolution B135, a motion put forward by Fort St. John calling for municipalities to work collaboratively with industry to address the challenges posed by climate change and recognizing the importance of B.C.’s … Read more
October 10, 2019 Accesswire PetroFrontier Corp. (“PetroFrontier“) (TSXV:PFC) is pleased to announce that it has entered into a letter of intent and related term sheet with an arm’s-length third party funder whereby the third party funder and its affiliates (collectively, the “Funder“) will provide funding to allow PetroFrontier to further develop its interests in the Cold … Read more
By Lorcan Roche Kelly Oct 10, 2019 (Bloomberg) U.S.-China talks start with hopes for a mini-deal, the latest Trump revelations, and a last-ditch attempt to reach a Brexit deal. Here are some of the things people in markets are talking about today. Curbing enthusiasm The White House is looking at rolling out a previously agreed currency … Read more
By Elizabeth Low and Alex Longley Oct 10, 2019 (Bloomberg) Oil held losses near a two-month low as pessimism persisted over the global economic outlook and American crude inventories expanded more than expected.Futures were little changed in New York after earlier falling as much as 2.3% on a report that the U.S. and China had … Read more
By Vivian Nereim Oct 10, 2019 (Bloomberg) Saudi Arabia will start offering loans for renewable energy projects and manufacturers of renewable-energy components as the kingdom seeks to diversify its economy away from crude oil.The 105 billion-riyal ($28 billion) Saudi Industrial Development Fund opened applications for the program, called Mutjadeda, on Sunday. The program will give loans of … Read more
By Laura Hurst, Kelly Gilblom and Grant Smith Oct 9, 2019 (Bloomberg) As the oil industry’s top executives gathered in London for one of the most important events of the year their view on crude prices was clear: they’ll struggle next year.Vitol SA Chief Executive Officer Russell Hardy told the Oil & Money conference on Wednesday that … Read more
October 09, 2019 | Source: ClearStream Energy Services Inc. CALGARY, Alberta, Oct. 09, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream”) (TSX: CSM) is pleased to announce several contract renewals and new project awards. The contract renewals are with major upstream, midstream and downstream energy companies in Canada, representing a 100% contract renewal rate for the … Read more
October 9, 2019 Reuters Royal Dutch Shell’s chief executive took aim beyond the energy sector to call on leaders of other industries including aviation, shipping and steel to jointly draw up plans to tackle greenhouse gas emissions. Ben van Beurden also warned on Wednesday that energy companies that do not collaborate in the fight against climate … Read more
EDMONTON — Alberta is moving to set up a new Crown corporation to help Indigenous groups invest in major natural resource projects.
The United Conservatives have introduced a bill that says the government would put up $1 billion, along with technical …
EDMONTON — Alberta’s energy war room is now a legal entity with a new name, a new managing director and a plan to be running by Christmas.
Energy Minister Sonya Savage said the Canadian Energy Centre is now incorporated and former journalist and Unite…
The Energy Council of Canada has chosen Mayor Lori Ackerman of Fort St. John, British Columbia as Canadian Energy Person of the Year. As a 30-year resident of Fort St. John, B.C. and the community’s first female mayor, Lori Ackerman is one of Canada’s top energy advocates. She is admired for her leadership of a … Read more
The Energy Information Administration (EIA) recently released their yearly International Energy Outlook. The Highlights: While the percentage share of primary energy consumption from petroleum is slated to decline from 32% to 27% by 2050, on an absolute basis consumption will increase in industrial, commercial and transportation. Canadian oil and condensate production is predicted to grow … Read more
By Lorcan Roche Kelly Oct 9, 2019 (Bloomberg) U.S.-China relationship is rapidly deteriorating, Trump vows to stonewall impeachment probe, and the Fed’s not-QE balance sheet expansion. Here are some of the things people in markets are talking about today. Off track An editorial published in Chinese and English in the China Communist Party-run Global Times newspaper emphasized the low … Read more
Oct 8, 2019 (Bloomberg) Shareholders of global oil giants will be “drowned” in cash from dividends and buybacks for the next 20 years as the firms shift their capital structure to finance renewable projects, according to Rystad Energy. Majors such as Exxon Mobil Corp. and Chevron Corp. have traditionally had to hoard cash as they … Read more
By Anna Shiryaevskaya Oct 9, 2019 (Bloomberg) Giant ocean-going tankers built the liquefied natural gas industry into a $150-billion-a-year business. The next expansion opportunity may come from ships a seventh of the normal size. Fifty-five years after the first commercial LNG tanker sailed from Algeria, this segment of the gas industry is pushing into ever … Read more
By Elizabeth Low and Alex Longley Oct 9, 2019 (Bloomberg) Oil erased losses amid optimism on trade talks scheduled to take place in Washington and signs of unrest near the border between Turkey and Syria.Futures added as much as 1.3% in New York, after falling in the previous 2 sessions. China remains open to agreeing … Read more
TORONTO — Just Energy Group Inc. has signed a deal to sell its operations in the United Kingdom to Shell Energy Retail Ltd. for up to roughly $17 million.
The company says the sale of Hudson Energy Supply UK Ltd. is part of its strategy to focus on it…
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
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 a myth that drilling has ceased in the WCSB. That notion … Read more
By Lorcan Roche Kelly Oct 8, 2019 (Bloomberg) China promises to hit back over U.S. tech blacklist, Trump’s Syria move sows confusion, and Johnson prepares for Brexit talks to collapse. Here are some of the things people in markets are talking about today. Not off to a good start Any hopes of a major breakthrough at this … Read more
By Elizabeth Low and Grant Smith Oct 8, 2019 (Bloomberg) Oil fell again, erasing earlier gains, as economic tensions between the U.S. and China flared ahead of talks aimed at resolving their long-running trade feud.Futures in New York slipped as much as 1.7% following news that the White House is considering plans to potentially limit capital … Read more
By Gillian Tan, Mahmoud Habboush and Vinicy Chan Oct 7, 2019 (Bloomberg) The Coastal GasLink project, a natural gas pipeline TC Energy Corp. is selling, has drawn interest from potential investors including Mubadala Investment Co., according to people familiar with the matter.Other suitors are circling the asset, said the people, who asked to not be identified because … Read more
By Robert Tuttle and Sheela Tobben Oct 8, 2019 (Bloomberg) Canadian heavy oil prices have weakened ahead of an anticipated announcement that Alberta will ease production limits in exchange for shipping more crude by rail. Western Canadian Select’s discount for November to futures widened $1.30 a barrel to $15.75 Monday, for the biggest differential since … Read more
Nearly one year after the signing of USMCA (NAFTA 2.0), the trade deal has yet to be ratified by Canadian or U.S. representatives. With major elections on the horizon in both nations, calls for renegotiations are likely to make it onto multiple party platforms. But what does this mean for Canadian companies? Join BDO Canada’s … Read more
When: October 29, 2019 Where: The Westin Hotel, Calgary, AB Why: Join Sproule for an afternoon of thoughtful dialogue on the opportunities and challenges facing the Canadian energy industry. The Discover Conference 2019 brings insights from Sproule experts together with our industry partners to explore Canada’s role and opportunities in the new energy future. … Read more
Unparalleled Data on Public Participation Work Will Improve Public Consultation Vancouver, Canada: Sunexo Solutions (Sunexo) is proud to announce their partnership with Calgary-based start-up: RegSync. Sunexo and RegSync have agreed to partner on an exclusive offering which provides unparalleled access to public participation data for Canadian LNG projects. RegSync has collected all regulatory consultation records … Read more
CALGARY — The largest pension fund in Norway has removed four Canadian energy names from its investment list and says it will no longer put money in companies that derive more than five per cent of their revenue from the oilsands.
KLP says it sold US$…
October 7, 2019 Business Wire HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for September 2019 was 1,131, down 7 from the 1,138 counted in August 2019, and up 127 from the 1,004 counted in September 2018. The international offshore rig count for September 2019 … Read more
EDMONTON — Alberta’s government house leader says new rules will be introduced this fall on farm safety and reducing large-scale greenhouse gas emissions.
Jason Nixon says the bills will be among 17 pieces of legislation to be introduced over the comi…
MONCTON, N.B. — Major Drilling Group International Inc. has signed a deal to acquire Norex Drilling Ltd., a family-owned drilling company based in Timmins, Ont., for $19.7 million in cash and stock.
Under the deal, Major Drilling has agreed to pay $15…
By Lorcan Roche Kelly Oct 7, 2019 China tries to manage expectations ahead of trade talks, more whistle-blowers come forward, and Brexit pessimism increases. Here are some of the things people in markets are talking about today. Narrow scope The world’s two largest economies are going into this week’s trade talks with very different views on … Read more
Canada’s drilling rig count is up 17 actively drilling rigs according to data collected by Baker Hughes for the week ending October 4, 2019 From one week ago, Alberta rig counts increased 11 to 94 and the Saskatchewan rig counts increased 6 to 36. Oil drilling increased 17 to 105 and gas stayed at 39. … Read more
By Elizabeth Low and Alex Longley Oct 7, 2019 (Bloomberg) Oil pared its biggest weekly drop since July ahead of the resumption of U.S.-China trade talks later this week that may sway a cloudy demand outlook. Futures in New York added as much as 0.8% after losing 5.5% last week. Chinese officials are signaling they’re increasingly reluctant … Read more
Lexan is one of the highest abrasion resistant laminates out there. Great for printed products that will come in contact with tools or have high abrasion needs, like tags or decals found around or on machines, equipment or even printed sandwich boards. Take a peek at the video below to show how well Lexan laminate holds … Read more
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
XI Technologies is hosting two separate webinars this month demonstrating how to leverage public data for better decision making. One session is for anyone who wants to plan and execute more efficient, innovative, and problem-free drilling programs. The other is for anyone whose role includes evaluating and understanding asset retirement obligations. Webinar: Leveraging public … Read more
“A team you can count on. A product you can trust.” Gemini Fabrication provides modular fabrication for a series of well pad and well pair installations, central facility upgrades and central processing facility debottlenecking projects. Well pad manifold building sections and vertical test separator building sections. Our unique breadth of experience and knowledge of industry … Read more
By Anurag Kotoky Oct 6, 2019 (Bloomberg) —Hyundai Motor Co. launched India’s first electric SUV this summer with a quirky TV commercial urging millennials to “Drive Into the Future.” A few months later, the automaker finds itself on a lonesome road.In a nation of about 150 million drivers, only 130 Kona SUVs were sold to dealers through August. That … Read more
EDMONTON — A government investigation concludes the former head of the Alberta Energy Regulator grossly mismanaged public funds in a scandal that has left taxpayers about $2.3 million out of pocket.
The findings were announced by Alberta’s auditor gen…
CALGARY, ALBERTA (October 2, 2019) – The extension of crude oil production curtailments in Alberta to the end of 2020 is expected to have a positive impact on Western Canadian oil prices even as global prices fell in the third quarter of this year, according to the latest forecast from Deloitte Canada’s Resource Evaluation and … Read more
By Maureen McCall Some people know W. Brett Wilson from the TV show Dragon’s Den as “the Dragon with a Heart”. A lot more know him from his investment banking career – co-founding First Energy Capital Corp, then founding Prairie Merchant Capital and for his innovative philanthropy. Still others know him for his inspiring … Read more
The Shane Fennessey Documentary Featuring Vivian Krause Over a Barrel is a short political documentary about the work of Vivian Krause, and the questions she raises regarding U.S. foundations funding activism against the Canadian oil and gas industry. The supposed goal of this “Tar Sands Campaign”, funded by the Rockefeller Brothers Fund and other U.S. … Read more
October 4, 2019 U.S. energy firms this week reduced the number of oil rigs operating for a seventh week in a row as producers follow through on plans to cut spending on new drilling this year. Drillers cut 3 oil rigs in the week to Oct. 4, bringing the total count down to 710, the … Read more
October 4, 2019 CNW CALGARY, Oct. 4, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Company”) (TSX: TWM) is pleased to announce that it has entered into a purchase and sale agreement (“PSA”) to acquire Husky Energy Inc.’s (“Husky”) light oil refinery located at Prince George, British Columbia (“B.C.”) (the “Acquisition”) thereby expanding Tidewater’s liquids value chain. … Read more
CALGARY — The latest regulatory battle concerning a cross-border energy pipeline has broken out between two branches of the federal government.
The Canada Energy Regulator has fired off a warning letter to the Canada Border Services Agency over “non-c…
October 4, 2019 Globe Newswire CALGARY, Alberta, Oct. 04, 2019 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) today announced it has reached an agreement for the sale of its Prince George Refinery to Tidewater Midstream and Infrastructure for $215 million in cash plus a closing adjustment for inventory, and a contingent payment of up to $60 million over … Read more
By Lorcan Roche Kelly Oct 4, 2019 (Bloomberg) It’s jobs day, Trump’s impeachment problem is not going away, and Hong Kong cracks down on protesters. Here are some of the things people in markets are talking about today. Critical number Today’s jobs data may bookend the bad week in markets amid mounting signs of a slowdown coming to … Read more
By Sharon Cho and Alex Longley Oct 4, 2019 (Bloomberg) Oil headed for its biggest weekly decline since the middle of July as a streak of disappointing economic data added to fears a global recession is coming.Futures in New York edged higher Friday, but are down 5.8% this week. A key measure of American service industry activity … Read more
By Gillian Tan and Scott Deveau Oct 2, 2019, (Bloomberg) Brookfield Asset Management Inc. is considering selling its stake in Wind Energy Transmission Texas, which could fetch $400 million to $500 million, according to people familiar with the matter.The Toronto-based alternative asset manager is working with financial advisers to seek buyers for its 50% stake … Read more
October 03, 2019| Source: Marksmen Energy CALGARY, Alberta, Oct. 03, 2019 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it plans to complete a non-brokered private placement of up to 11,500,000 units (the “Units”) of Marksmen at a price of $0.05 per Unit for aggregate gross proceeds of up to a maximum … Read more
October 03, 2019 | Source: Gran Tierra Energy Inc. CALGARY, Alberta, Oct. 03, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce the appointment of Mr. Tony Berthelet as Chief Operating Officer (“COO”). Mr. Berthelet is a Professional Engineer with over 20 years of multi-disciplinary upstream oil and gas … Read more
October 3, 2019 Reuters The Syncrude oil sands project in northern Alberta has cut October synthetic crude sales by 1.4 million barrels because planned maintenance at the plant has been extended, three market sources said on Thursday. Syncrude is a joint-venture bitumen mining and upgrading project, majority owned by Suncor Energy . Syncrude did not … Read more
Razor Energy (RZE-V) is an Alberta-based Innovative Producer of Energy, and invites you to join us for a corporate overview luncheon TODAY at noon. REGISTER HERE The company is currently producing approximately 4500 Boepd in Alberta (generating positive cash flow) while transitioning to Canada’s first ‘Tri-Brid‘ producer, incorporating production of Gas-to-Power generation (9MW currently) and … Read more
EDMONTON — Alberta’s finance minister is hosting two telephone town halls next week to take questions and advice from the public on his upcoming budget.
Travis Toews will dial in to speak to and hear from Albertans north of Red Deer on Monday night.
O…
October 3, 2019 Globe Newswire James Estey, Chair of the Board of Directors of PrairieSky Royalty Ltd. (“PrairieSky”) (TSX: PSK), is pleased to announce the appointment of Mr. Robert Robotti to the company’s Board of Directors. Mr. Robotti’s appointment is effective October 3, 2019. “On behalf of the Board, I am pleased to welcome Mr. Robotti … Read more
Calgary, Alberta–(Newsfile Corp. – October 3, 2019) – Strategic Oil & Gas Ltd. (TSXV: SOG) (“Strategic” or the “Company”) is pleased to announce that William Lancaster will be joining the Company as President and Chief Executive Officer effective October 17, 2019. Mr. Lancaster is currently the President and a member of the Board of Directors of … Read more
On October 24, GDM Pipelines will be hosting a showcase of innovative technologies that are transforming pipeline data management, and we’d love for you to join us! Here’s what you can expect… As we enter 2020, oil and gas companies are continuing to look for ways to streamline operations. More and more, this includes strategies to leverage … Read more
By Lorcan Roche Kelly More weak data adds to investor nerves, U.S. puts tariffs on European exports, and Johnson’s Brexit plan gets some pushback. Here are some of the things people in markets are talking about today. Weakness The tick-tock of disappointing economic indicators continued this morning, with a composite purchasing managers index for the euro area … Read more
By Sharon Cho and Grant Smith Oct 3, 2019 (Bloomberg) Oil held near the lowest level in almost two months as American crude inventories expanded the most since May and disappointing U.S. economic data added to pessimism over the demand outlook.Futures fell 1.4% in New York after settling 1.8% lower on Wednesday. U.S stockpiles swelled … Read more
By Dinesh Nair and Anthony DiPaola Oct 3, 2019 (Bloomberg) Abu Dhabi’s government-owned energy giant has kicked off the potential sale of a stake in its natural gas pipelines, in a deal that could fetch about $5 billion, people with knowledge of the matter said.Abu Dhabi National Oil Co., producer of about a tenth of … Read more
October 02, 2019 | Source: Bellatrix Exploration Ltd. CALGARY, Alberta, Oct. 02, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) announces the commencement of a sale and investment solicitation process (the “Strategic Process”) to identify and pursue potential strategic options and alternatives with respect to Bellatrix to maximize value for the benefit … Read more
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 and EnergyNow contributor based in … Read more
The energy industry is a vital part of the Canadian economy, contributing roughly 27% of our national exports. And the contributions of the energy industry don’t stop there. Job creation, tax revenue relating to production and processing, and other factors all play a part in a healthy national economy. Overall, estimates suggest that the energy … Read more
On October 1, 2018, following seven years of community engagement and consultation with First Nations, local communities, all levels of government, the business community, regulators and many others, LNG Canada made history when we announced our Joint Venture Participants’ Final Investment Decision to build an LNG export facility in Kitimat, B.C. One day later, the … Read more
New research says job growth from clean energy will dramatically outpace that from fossil fuels over the next decade — as long as future Canadian governments maintain or increase attempts to fight climate change.
“The clean-energy sector is a good-new…
CALGARY — Polarization of the climate change debate as it relates to the role of the Canadian energy industry indicates an “extreme” lack of leadership from all political parties in Canada, says the CEO of oilsands producer MEG Energy Corp.
Speaking a…
By Lorcan Roche Kelly Oct 2, 2019 (Bloomberg) U.S. recession fears rise, Boris Johnson’s big day, and Hong Kong economy hit hard by protests. Here are some of the things people in markets are talking about today. Slowdown Yesterday’s data from the Institute for Supply Management showing its factory index slipped to the lowest since June 2009 has renewed … Read more
By Stephan Kueffner and Peter Millard Oct 1, 2019 (Bloomberg) OPEC is getting smaller, again.Ecuador said Tuesday it will leave the Organization of Petroleum Exporting Countries in January. For OPEC, the departure matters more in symbolism than barrels — Ecuador is one of its smallest producers, but stated clearly it wants to leave the group to … Read more
By Sharon Cho and Grant Smith Oct 2, 2019 (Bloomberg) Oil steadied after sliding for six days in a row as signs of tighter supply in the U.S. and OPEC jostled with ongoing concern that a fragile global economy is eroding fuel demand. Futures held near $54 a barrel in New York after falling 8.6% … Read more
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. We begin this week’s article with some seemingly simple questions that might … Read more
Author: Nancy Abrams Critical Components Infrastructure by G&B Portable Fabric Buildings The Energy Sectors and Commercial Construction markets are growing, and new pipelines, pipeline expansions and processing facilities are required to meet these new demands. G&B’s Portable Fabric Building Systems can be installed permanently or temporarily for all Resource Management Construction Sites and Energy Projects. Contributing … Read more
CALGARY — Cenovus Energy Inc. is raising its dividend by 25 per cent.
The Calgary-based energy company says it will now pay a quarterly dividend of 6.25 cents per share, up from a nickel.
Based on the company’s closing share price of $12.05 on Tuesday…
October 1, 2019 Reuters Canada’s economy was unexpectedly unchanged in July, following four months of growth, as the country’s mining, quarrying and oil and gas extraction sectors contracted, Statistics Canada data showed on Tuesday.Analysts in a Reuters poll had predicted an increase of 0.1% in July following a 0.2% increase in June. Overall, 12 of … Read more
CALGARY — TransAlta Corp. says it is partnering with SemCAMS Midstream ULC to build a $105-million power-and-steam cogeneration facility at a natural gas processing plant near Fox Creek in northern Alberta.
TransAlta says it will pay for and construct…
CALGARY — Alberta Premier Jason Kenney says federal party leaders who would let provinces block new pipelines are ignoring the Constitution.
Kenney made a plea for national unity during a speech to a downtown Calgary business crowd while holding a cop…
October 01, 2019 | Source: Parkland Fuel Corporation Acquisition adds third regional operating center in the United States CALGARY, Alberta, Oct. 01, 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 successfully completed the previously announced … Read more
ST. PAUL, Minn. — Minnesota utility regulators have unfrozen the approval process for Enbridge Energy’s plan to replace its aging Line 3 crude oil pipeline across the state.
The Public Utilities Commission voted unanimously Tuesday to direct the state…
October 1, 20196:17 AM CNW CALGARY, Oct. 1, 2019 /CNW/ – Razor Energy Corp. (“Razor” or the “Company“) (TSXV: RZE) is pleased to announce it has entered into an agreement with GMP FirstEnergy on behalf of a syndicate of agents (collectively, the “Agents“) pursuant to which the Agents have agreed to market, on a “best efforts” private placement basis, … Read more
By Lorcan Roche Kelly Oct 1, 2019 (Bloomberg) Japanese bond sell-off goes global, impeachment investigation draws in Trump allies, and more weak European data. Here are some of the things people in markets are talking about today. Bad auction An auction of Japanese 10-year debt drew the lowest bid-to-cover ratio of any since 2016, leading to … Read more
By Grant Smith and Sharon Cho Oct 1, 2019 (Bloomberg)Oil rose after its biggest quarterly slump of the year, yet ongoing concerns that a faltering global economy will erode demand continued to weigh on the market. Futures increased 1.1% in New York, having tumbled 7.5% in the past three months as Saudi Arabia fully restored its output … Read more
By Anthony DiPaola and Manus Cranny Sep 30, 2019 (Bloomberg) Saudi Aramco is producing more than 9.9 million barrels a day of crude as it fully recovers from the worst-ever attacks on its energy infrastructure.Output reached that level on Sept. 25 and is a “little bit” higher now, Ibrahim Al-Buainain, chief executive officer of state-owned … Read more
By Robert Tuttle Sep 30, 2019 (Bloomberg) ConocoPhillips’s shift to a cheaper substitute to dilute the thick bitumen coming from its oil-sands operations may deal a blow to companies that turn heavy oil into more-valuable lighter grades. The company currently uses synthetic crude produced in local upgraders to thin out the bitumen extracted from wells … Read more
September 30, 2019 Globe Newswire CALGARY, Alberta, Sept. 30, 2019 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) has published its fourth biennial corporate sustainability report, demonstrating our commitment to transparency and accountability, and our progress in managing the environmental and social impacts of our business. The report is available on Baytex’s website at www.baytexenergy.com. Highlights … Read more
September 30, 2019 CNW CALGARY, Sept. 30, 2019 /CNW/ – Journey Energy Inc. (JOY – TSX) (“Journey” or the “Company“) today announced two significant financial transactions improving its balance sheet and liquidity. Non-brokered private placement Journey has entered into a non-brokered, private placement for $7.3 million of flow through common shares (within the meaning in the Income Tax Act (Canada) (the “Flow-Through … Read more
September 30, 2019 PR Newswire CALGARY, Sept. 30, 2019 /CNW/ – Connacher Oil and Gas Limited (“Connacher” or the “Company“) is pleased to announce the effectiveness of the Company’s Amended and Restated Plan of Compromise and Arrangement dated July 16, 2019 (the “Plan“), which, as previously announced, was sanctioned by the Court of Queen’s Bench of Alberta (the “Court“) on July 16, 2019 in … Read more
October is IoT Month at the Alberta Blockchain Consortium (ABC), and we’re going to be exploring some of the amazing synergies between two of the most high-impact digital technologies working to make our world smarter, more efficient and better connected. At the ABC, we work hard to show the transformative potential of blockchain applications, but … Read more
New ‘BASIC BREAKOUT’ tickets now available ONLY $69 plus GST Because of such high demand, additional presentation rooms have been opened to accommodate everyone! Basic Breakout tickets include: Access to all company presentations AM and PM breaks Lunch All company presentations on USB Drive They do not include breakfast or the morning plenary session by … Read more
CALGARY — A $200-million Danish-Canadian solar power project in Alberta is headed for construction following signing of a contract with TC Energy Corp. to buy just over half of its electricity output.
Calgary-based Perimeter Solar Inc. says TC Energy …
CALGARY — Shares in Enbridge Inc. were down Monday morning after the Canada Energy Regulator ordered it to suspend an open season it was holding for service on its Canadian Mainline oil pipeline system.
Enbridge says the CER decision Friday after mark…
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COMMENTARY: BC Energy Faces a Complicated Puzzle – Margareta Dovgal, Resource Works