ST. PAUL, Minn. — Minnesota regulators opened a hearing Friday o n an updated environmental review for Enbridge Energy’s plan to replace its aging Line 3 crude oil pipeline across the state, but most testimony focused on broader questions of whether t…
EDMONTON — The Alberta government and the Fort McKay First Nation have agreed to meet again in three months to decide the fate of one of the last areas in the band’s territory that hasn’t been impacted by oilsands development.
In 2018, the band though…
Exxon Mobil’s profit slid more than 5% in the fourth quarter of 2019, as the oil giant dealt with low natural gas prices and weak margins in its chemical and retail fuel operations.
The country’s largest oil producer posted $5.69 billion in profits, o…
January 31, 2020 Business Wire CALGARY, Alberta – Imperial Oil Limited (TSX:IMO): Full-year earnings of $2,200 million; $4,429 million cash generated from operations Annual production of 398,000 gross oil-equivalent barrels per day, the highest in over 25 years Kearl supplemental crushing capacity online as planned Returned over $2 billion to shareholders in 2019 through share purchases … Read more
January 31, 2020 Franco Terrazzano Premier Jason Kenney needs to get Alberta taxpayers out of the $70-billion debt hole so he needs to cut government labour costs that have ballooned by more than $3 billion during the downturn. Union bosses will oppose cuts, but their own advocacy against revenue-generating pipelines and in support of wasteful corporate welfare spending … Read more
CALGARY — Imperial Oil Ltd. has ramped up crude-by-rail shipments to more than 100,000 barrels per day from zero in October and plans to continue to add railcars as profitability of the transportation option strengthens.
Earlier this week, rival oilsa…
By Lorcan Roche Kelly Jan 31, 2020 (Bloomberg) Coronavirus is a global health emergency, it’s Brexit day, and Trump trial likely to end today. Here are some of the things people in markets are talking about today. WHO says The World Health Organization declared the coronavirus outbreak a global health emergency as the number of cases continues to climb, … Read more
Rick Bell Published: January 30, 2020 Calgary Sun Outrage!!! A three-exclamation-mark prairie fire and it’s spreading. The rage out there in Alberta’s heartland is clear and true and no-holds-barred real, a raw reality unvarnished by layers of Central Canadian politically correct bull and untainted by the self-serving games of those establishment elitists on power trips … Read more
By Ann Koh and Grant Smith Jan 31, 2020 (Bloomberg) Oil headed for its biggest monthly drop since May as Asia’s coronavirus spread, stoking concerns that demand for transportation fuels will shrink.Futures were little changed in New York on Friday, after sliding to a five-month low on Thursday, as the World Health Organization declared the outbreak … Read more
By Kevin Orland Jan 31, 2020 (Bloomberg) Teck Resources Ltd.’s proposed Frontier oil-sands mine won votes of confidence from the heads of two rival crude producers as Canada weighs a decision on the project. The mine in Alberta won the green light from a government panel last year, and Prime Minister Justin Trudeau’s cabinet may decide … Read more
January 30, 2020 Globe Newswire CALGARY, Alberta – (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) announces that the Keyera Wapiti Gas Plant (“Keyera Plant”) has resumed operations and that Pipestone Energy has continuously flowed volumes into the plant over the last 24 hours without curtailment. Pipestone Energy has been informed that normal plant operations … Read more
PSAC Forecast Update CALGARY, AB (January 30, 2020) – In its first update to the 2020 Canadian Oilfield Services Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2020 to 4,800 wells. This represents an increase of 300 wells, or 7 … Read more
CALGARY — Spending in the oil and gas sector is expected to rise by about $2 billion this year after declines in four of the past five years.
The Canadian Association of Petroleum Producers says it expects about six per cent more will be invested in C…
VANCOUVER — The Federal Court of Appeal is set to release its decision on the latest challenge of the Trans Mountain pipeline expansion on Tuesday.
Four First Nations from British Columbia filed court challenges after the federal government approved t…
CALGARY — Indigenous leaders say they hope other companies will follow the lead of Cenovus Energy Inc. after it pledged to give $10 million per year over the next five years to support housing in six northern Alberta communities near its oilsands oper…
VANCOUVER — Leaders of a First Nation in northern British Columbia who say they’ll never consent to a natural gas pipeline through their traditional territory have agreed to seven days of meetings with the province.
The Office of the Wet’suwet’en issu…
BANFF, Alta. — The CEO of Teck Resources Ltd. says it’s “anyone’s guess” as to whether the federal government will allow his company to build the proposed $20.6-billion Frontier oilsands mine in northeastern Alberta.
But Don Lindsay says the lengthy p…
https://www.facebook.com/XRYYC/ Dear Sarah Flynn, I’m writing today to correct a few factual errors in the pamphlet you were handing out at the January 22, 2020, protest in Calgary against the Teck Frontier oil sands project. Full disclosure, I don’t work for the company, so I don’t have first-hand knowledge of the project, but they have … Read more
By Grant Smith and Nayla Razzouk Jan 30, 2020 (Bloomberg) OPEC members are discussing holding an emergency meeting next month, bringing forward a gathering originally scheduled for March, as oil prices sink on concern the coronavirus outbreak will hit demand.Algerian Energy Minister Mohamed Arkab — who currently holds the ceremonial post of Organization of Petroleum Exporting … Read more
By Dan Murtaugh, James Herron and Saket Sundria Jan 30, 2020 (Bloomberg) For the global oil market, the coronavirus epidemic couldn’t have hit a worse place.As the industry banks on strong demand growth to overcome abundant supply, China, the epicenter of the disease, has been cherished as the engine of that consumption. Last year, when it … Read more
By Ann Koh and Grant Smith Jan 30, 2020 (Bloomberg) Oil slumped again to a three-month low as concern that the coronavirus outbreak will hit demand prompted OPEC to consider an emergency meeting.Futures lost as much as 2.6% in New York. Airlines across the world suspended flights to China as the death toll from the virus … Read more
By Lorcan Roche Kelly Jan 30, 2020 (Bloomberg) Coronavirus spreads to more countries, Bank of England decision on a knife-edge, and it’s another big day for earnings. Here are some of the things people in markets are talking about today. Contagion The coronavirus death toll climbed to 170 with confirmed cases in China rising past 7,700 as the outbreak … Read more
January 29, 2020 | Source: Wavefront Technology Solutions EDMONTON, Alberta, Jan. 29, 2020 (GLOBE NEWSWIRE) — Wavefront Technology Solutions Inc. (Wavefront or the Company, TSX-V: WEE; OTCQB: WFTSF), an oil field service provider focused on offering the oil and gas industry proprietary, leading edge technology announces its financial results for the first quarter ending November 30, 2019. … Read more
CALGARY — Alberta’s education minister is endorsing a panel report that recommends school children learn all views about climate change along with the value of the province’s oil and gas sector.
Adriana LaGrange says she is receiving reports from pare…
CALGARY — An executive with Cenovus Energy Inc. says it produced more crude in December thanks to the Alberta government’s decision last fall to allow producers to exceed provincial quotas if they move the additional barrels by rail.
Executive vice-pr…
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 32 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and … Read more
OTTAWA — Canada’s energy industry is not overly alarmed as the new coronavirus coming out of China is taking a bite out of world oil prices.
Oil prices began dropping in mid-January when the first confirmed death from the virus in China was reported. …
January 29, 2020 Globe Newswire CALGARY, Alberta, Jan. 29, 2020 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (the “Company” or “Zargon”) announces fourth quarter 2019 production volumes, 2019 abandonment activities and 2019 year end reserves. Zargon intends to release its 2019 audited financial results on March 12, 2020, after market close. 2019 FOURTH QUARTER PRODUCTION … Read more
January 28, 2020 Access CALGARY, AB – Point Loma Resources Ltd. (TSXV:PLX) (“Point Loma” or the “Corporation“) is pleased to provide an update regarding the transaction to rationalize its assets and monetize its working interest at Wizard Lake, Alberta and relating to an issuance of shares to debenture holders of the Corporation. Highlights As per the Corporation’s December … Read more
VICTORIA — British Columbia’s police complaints commissioner says it has received several complaints about use of force by Victoria police during the arrests of young Indigenous protesters inside a cabinet minister’s office.
Ta’Kaiya Blaney says she w…
PRINCE GEORGE, B.C. — Premier John Horgan has linked the battles over two major pipeline projects through British Columbia, saying once the legal fight is over, court decisions should be respected.
Speaking at a news conference today in Prince George,…
January 29, 2020 Reuters It’s been an extremely weak start to the new decade for liquefied natural gas (LNG) with spot prices in Asia falling to more than 10-year lows, but it’s not all doom and gloom for an industry that sees itself as part of the solution to climate change.The average spot price for … Read more
Rex sits down with Dr. Patrick Moore, co-founder of Greenpeace and an outspoken critic of the climate-change hysteria and eco-fanaticism which currently inundates politics, journalism, and academia. Dr. Moore talks about his adventures confronting Soviet and Japanese whaling ships, sailing across the ocean to stop nuclear bomb tests, advocating for Golden Rice (a GMO food … Read more
By Lorcan Roche Kelly Jan 29, 2020 (Bloomberg) Coronavirus toll continues to rise, it’s decision day at the Fed, and impeachment trial rolls on. Here are some of the things people in markets are talking about today. Cases soar The number of confirmed coronavirus cases in China grew to almost 6,000, surpassing the country’s total from the … Read more
By Grant Smith and Ann Koh Jan 29, 2020 (Bloomberg) Oil extended its recovery from a three-month low as U.S. industry data showed a drop in crude inventories, while traders continued to assess the threat to demand from China’s coronavirus.Futures rose 0.9% in New York to trade near $54 a barrel, bolstered after an American Petroleum … Read more
By Christopher Sell Jan 29, 2020 (Bloomberg) Oil traders reacted to the outbreak of the coronavirus in China by dumping contracts for crude, diesel and jet fuel. Data from the last Chinese epidemic offer some clues as to whether the selloff is justified.The 2003 outbreak of Severe Acute Respiratory System, or SARS, did indeed crimp demand, according to figures … Read more
By Kevin Orland Jan 29, 2020 (Bloomberg) Enbridge Inc.’s proposal to convert its Mainline crude pipeline network to long-term contracts is hitting a fresh round of opposition, with Canada’s largest oil producer asking regulators to reject the plan. Canadian Natural Resources Ltd. said in a filing with the Canada Energy Regulator on Tuesday that Enbridge’s bid … Read more
Edge Liability Risk Management (“Edge”) is happy to announce the appointment of Ed Dancsok, P.Eng., P.Geo. as Chief Operating Officer effective February 1, 2020. Ed Dancsok is both a professional engineer and professional geoscientist with 37 years of oil and gas experience. Ed is the former head regulator of the Saskatchewan Ministry of Energy and … Read more
Each week, XI Technologies scans its 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. A lot of the conversation around liabilities in the oil and gas … Read more
Why Hear from some great speakers about the following topics: The Orphan Well Association & Its Challenges Lars Depauw, Orphan Well Association Redwater: A post-Mortem & Legal Perspective Ashley Weldon & Tasha Wood, Burnet, Duckworth & Palmer LLP, Charla Smith, Hardie & Kelly Understanding the New Canadian Energy Regulator & Impact Assessment Agency Brittney LaBranche, … Read more
In a previous report, 2020: The Near Future of Mining, our Natural Resources practice leaders shared some predictions for the mining industry per regional market; in Canada, Australia, U.K., U.S., and South Africa, along with a global average. Looking back on the predictions for 2020 and discussing how they’ve taken shape, we examine the Internet of … Read more
In larger offices, shared workplaces, warehouses and their industrial spaces, we need to make sure visitors can find their way quickly and easily. Wayfinding signage is designed for exactly that purpose – keeping visitors relaxed while going to and from your business. Well designed wayfinding signage is meant to be minimal, as visual as possible … Read more
It’s sad to see a repeat of this dynamic of sowing dissent among Indigenous communities: Supporters of the Wet’suwet’en nation indigenous group who oppose the construction of the Coastal GasLink pipeline, protest outside the provincial headquarters of the RCMP in Surrey, B.C.Reuters/Jesse Winter Cody Battershill January 28, 2020 By Cody Battershill If you talk to … Read more
OTTAWA — Environment Minister Jonathan Wilkinson says cabinet’s decision on a massive new oilsands mine in Alberta will take into consideration what the province is doing to help Canada meet its climate goals.
Wilkinson stressed that cabinet has not y…
VANCOUVER — A former member of an anti-racism committee at the United Nations says she stands by its statement in support of the Wet’suwet’en hereditary clan chiefs.
Gay McDougall was vice-chair of the United Nations Committee to End Racial Discrimina…
January 28, 2020 PR Newswire First hearings to be held since regulatory processes resumed in July 2019 CALGARY, Jan. 28, 2020 /CNW/ – Beginning today, the Commission of the Canada Energy Regulator (Commission) will hold detailed route hearings for landowners along the path of the Trans Mountain Expansion Project. These hearings are the first since regulatory processes on the … Read more
CALGARY — Alberta’s premier says Prime Minister Justin Trudeau needs to move swiftly to approve the Teck Frontier oilsands mine north of Fort McMurray.
Jason Kenney says there is no reason to delay the go-ahead for the $20.6-billion project near Wood …
Regina’s police chief says an ongoing labour dispute at the Co-op refinery is distracting officers from more serious public safety issues.
Evan Bray says police response to the lockout is taxing resources because officers are assigned daily to be at t…
CALGARY — One of Canada’s largest oil and gas well completion companies is reporting a loss in the fourth quarter of 2019 as demand for its services remains at a low ebb.
Using preliminary figures, Calgary-based Calfrac Well Services Ltd. says it will…
by Koleya Karringten As we look to the future at our country’s prospects for 2020, there is plenty of cause for optimism, despite the slow GDP growth of the past few years. However, I think we all know that we need something to change. Canada’s energy industry is struggling – and it’s not alone. Across … Read more
TORONTO — Superior Plus Corp. has decided to not sell its specialty chemicals business following a strategic review of the operations.
The company says the review involved an assessment and negotiation of formal offers for the business which operates …
By Ewa Krukowska Jan 28, 2020 (Bloomberg) Europe wants to make its goal of becoming the first climate-neutral continent irreversible under a new law that is to be unveiled next month, offering investors the certainty they ask for before backing unprecedented levels of investment.The climate law will require all corners of the economy to take action … Read more
By Lorcan Roche Kelly Jan 28, 2020 Further coronavirus restrictions, Apple earnings due, and Trump lawyers wrap up defense. Here are some of the things people in markets are talking about today. Travel ban In the latest move to stop the spread of a deadly virus, China has announced it will stop individual travelers to Hong Kong and … Read more
By Kevin Crowley Jan 27, 2020 BP Plc’s outgoing Chief Executive Officer Bob Dudley warned Big Oil of moving too fast on investing in new technologies to counter climate change, because their failure could lead to financial ruin.“If you go too fast and you don’t get it right you can drive yourself out of business,” … Read more
By David R Baker and Mark Chediak Jan 28, 2020 (Bloomberg) —The explosion ruptured the dusk settling over the desert in Surprise, Arizona. For hours, smoke had poured from a metal shed packed with lithium-ion batteries at a small electric substation. The batteries were tied to the electric grid, and somehow they had caught fire.Firefighters … Read more
By Matthew A. Winkler Jan 28, 2020 The greatest shakeup in automobile history reordered the stock market this month when a minnow grew larger than a whale.Tesla Inc., the 17-year-old Palo Alto maker of battery-powered, zero-emission vehicles, is now the second-largest automaker measured by market capitalization, overtaking No. 2 Volkswagen with a value of $101 billion. It wasn’t … Read more
By Javier Blas and Grant Smith Jan 27, 2020 (Bloomberg) Saudi Arabia is “closely monitoring” the effect of the Chinese coronavirus outbreak on the oil market, but so far believes the crisis will have a “very limited impact” on global demand.Brent crude, the global oil benchmark, plunged nearly 4% on Monday, dropping below $60 a barrel, … Read more
By Grant Smith and Ann Koh Jan 28, 2020 (Bloomberg) Oil traded near the lowest close since mid-October as the market was dominated by alarm that the deadly coronavirus will hurt economic activity in China and beyond. Futures held near $53 a barrel in New York, after losing 9% during five straight days of declines to … Read more
As technology evolves to produce smaller, more capable and cost-effective analyzers, it gives industry the ability to measure trace components at extremely low levels. Reducing the trace levels of moisture, oxygen, or contaminants can improve device quality and yields. Moisture content can have disastrous effects, even in the single digit ppm range of moisture concentration. … Read more
The Petroleum Joint Venture Association is pleased to announce that the Hon. Pierre Poilievre MP will be the guest speaker at the PJVA Breakfast Jan 31st at The Calgary Petroleum Club. Topic: “Unleashing our Economy: Rewarding Energy Workers and Businesses” Mr. Poilievre was born and raised in Calgary. He is a five-term Member of Parliament … Read more
VANCOUVER — The British Columbia government has appointed former New Democrat MP Nathan Cullen as a provincial liaison with Wet’suwet’en hereditary chiefs in an LNG pipeline dispute, a move welcomed by spokesmen for both the chiefs and the company.
Cu…
By Lorcan Roche Kelly Jan 27, 2020 (Bloomberg) China outbreak worsens, oil falls to three-month low, and Senate Republicans face new pressure to call impeachment witnesses. Here are some of the things people in markets are talking about today. Rising toll China’s coronavirus has lead to the deaths of at least 80 people with confirmed domestic cases jumping … Read more
By Rakteem Katakey and Aaron Clark Jan 27, 2020 (Bloomberg) Oil tumbled to the lowest in more than three months on fears China’s deadly coronavirus will hit demand in a market that already has plentiful supply.Futures plunged more than 3% as China reported an increase in fatalities and infections. While the country extended the Lunar New Year holiday … Read more
By Stephen Wicary Jan 27, 2020 Justin Trudeau returns to a fragmented parliament Monday facing sharp domestic divisions with the clock ticking on two of the tougher decisions of his political career.The prime minister must determine whether China’s Huawei Technologies Co. should be allowed to develop Canada’s fifth-generation wireless networks. He also needs to approve … Read more
Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Mohamed Gamal El-Din, Ph.D., P. Eng. Professor and NSERC Senior Industrial Research Chair in Oil Sands Tailings Water Treatment pictured in his lab at the University of Alberta, in Edmonton Alberta on December 9, 2019. Photo … Read more
Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Chris Bloomer, president and CEO of the Canadian Energy Pipeline Association (CEPA). Photograph for Canadian Energy Centre A flurry of announcements in Canada’s pipeline industry near the end of 2019 gave the sector a boost heading into 2020 … Read more
A true manage by exception solution Osperity uses advanced Computer Vision (AI) and machine learning to recognize objects and events of interest while disregarding objects of no value, minimizing false positives. Our cloud-based platform is designed for industrial applications and is being used at several midstream and downstream terminals throughout North America and Australia. Osperity … Read more
Abstract Decommissioning obligations are having an overwhelming impact on the future viability of the oil and gas industry in Canada. Quantum and timing are uncertain, adding risk to the industry. Banks and equity lenders have prioritized decommissioning related to suspended and inactive wells, facilities and pipelines significantly reducing lines and access to capital. Layer on … Read more
The professional world has finally realized the importance of LinkedIn as a business platform that serves multiple objectives. Besides being a central hub for professional branding, networking and career management, LinkedIn is now becoming a growing source of news, knowledge and opportunity for professionals worldwide. Businesses are now calling on employees to participate on LinkedIn … 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 32 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more
Canada’s drilling rig count stays at 244 actively drilling rigs according to data collected by Baker Hughes for the week ending January 24, 2020. From one week ago, Alberta rig counts increased 1 to 171 and the Saskatchewan rig counts decreased 1 to 51. Oil drilling increased 2 to 154 and gas decreased 2 to … Read more
By Jackie Davalos Jan 24, 2020 (Bloomberg) Crude posted the worst weekly decline in more than a year on concern that the spread of China’s coronavirus will cripple fuel demand.Brent futures sank 2.2% in London on Friday. Deaths from the coronavirus rose to at least 26 and China expanded travel restrictions for about 40 million people in an attempt to … Read more
By Doug Alexander Jan 23, 2020 (Bloomberg) Royal Bank of Canada Chief Executive Officer David McKay said any shift to a more climate-friendly economy still depends on fossil fuels.“We have a longer-term transition as we change the energy source, we move to a greener economy, but it is a transition,” McKay said Thursday during a Bloomberg … Read more
By Erik Larson Jan 24, 2020 (Bloomberg) Exxon Mobil dodged a bullet last month when a judge rejected a novel climate-change lawsuit brought by New York’s attorney general. The case began with a promise from state officials that there would be a historic reckoning for the fossil fuel giant.It ended ignominiously as a failed accounting fraud claim. … Read more
Fifty facts about Canadian oil and natural gas Supply and production 1. Canada has the third largest oil reserves in the world—after Venezuela and Saudi Arabia. 2. Canada is the 5th largest producer of natural gas in the world. 3. Canada is the 6th largest producer of crude oil in the world. 4. Based on domestic consumption rates, we … Read more
ublished by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Published by CEC Staff Edmonton’s Waste to Biofuels and Chemicals Facility, built and operated by Montreal-based Enerkem, is the world’s first commercial-scale waste-to-biofuels facility of its kind. Photograph supplied for Canadian Energy Centre Recycling has … Read more
By Chris Sankey As an Indigenous person and former elected First Nations Councillor, I question B.C.’s Human Rights Commissioner calling on Canada to stop building what it refers to as a contentious natural gas pipeline until affected Indigenous groups consent to the construction. The Commissioner also raises the alarm about … Read more
January 24, 2020 Reuters U.S. energy firms added oil rigs for a second consecutive week, raising doubts over producers’ plans to continue reducing spending on new drilling for a second year in a row in 2020.Companies added three oil rigs in the week to Jan. 24, bringing the total count to 676, energy services firm Baker … Read more
A group of Alberta landowners is asking farmers and ranchers to fight back against unpaid debts and unreclaimed oil and gas wells by closing valves and cutting power to energy company sites.
“The landowners need to safely shut down those surface lease…
By Saket Sundria and Grant Smith Jan 24, 2020 (Bloomberg) Oil headed for a 5.7% loss this week amid fears that China’s coronavirus will erode fuel demand just as markets struggle with a fragile world economy and adequate supplies. Futures held above $55 a barrel in New York, buoyed by an unexpected drop in U.S. crude inventories and … Read more
By Jill Ward Jan 24, 2020 (Bloomberg) U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant.“If you want to put a tax on people, go ahead and put a carbon tax. That is a tax on hard working people. I personally think … Read more
By Stephen Stapczynski, Anna Shiryaevskaya and Naureen S. Malik Jan 23, 2020 (Bloomberg) Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption. The startup of new export projects from Australia to the U.S. has flooded the market, while brimming stockpiles … Read more
By Lorcan Roche Kelly Jan 24, 2020 (Bloomberg) Virus travel restrictions hit 40 million, it’s PMI day, and Democrats wrap up their impeachment case. Here are some of the things people in markets are talking about today. Movement bans Restrictions on travel in China were further widened, with 40 million people now banned from making journeys as authorities … Read more
By Divya Balji and Kevin Orland Jan 23, 2020 (Bloomberg)The time has come for Canadian index investors to say goodbye to Encana Corp., a stalwart of the nation’s energy sector with roots going back to the late 1800s.On Friday, shares of the oil and gas company will be removed from the S&P/TSX Composite and S&P/TSX … Read more
January 23, 2020 The Canadian Press REGINA – The owner of a Regina oil refinery where workers are locked out in a contract dispute says there has been a discussion with the union about returning to the bargaining table. But Federated Co-operatives Ltd. says that won’t happen as long as union members continue to block access … Read more
Acheson, Alberta, January 23, 2020—Frac Shack Inc. (Frac Shack) announced that it has acquired all the operating assets of the Sandtinel Group of Companies (Sandtinel) for an undisclosed amount. Frac Shack will fund the purchase with cash and debt. All Sandtinel employees have also agreed to join the new entity, called Sand Separation Technologies Inc. … Read more
January 23, 2020 Newsfile CALGARY – Strategic Oil & Gas Ltd. (TSXV: SOG) (“Strategic” or the “Company”) announces that following discussions with GMT Capital Corp (“GMT”), manager of certain investment funds which hold $14.6 million of the Company’s outstanding first-lien secured notes, GMT has delivered a Notice of Intention to Enforce Security under Section 244 of … Read more
Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Deborah Jaremko A Cenovus SAGD (steam-assisted gravity drainage) well pad at the company’s Foster Creek project in northeastern Alberta. Photograph courtesy Cenovus Energy The International Energy Agency (IEA) is urging the world’s oil and gas industry to use … Read more
By Lorcan Roche Kelly Jan 23, 2020 (Bloomberg) China bans travel from virus city, it’s decision day at the ECB, and trade tensions rise between the U.S. and Europe. Here are some of the things people in markets are talking about today. Lockdown Chinese officials dramatically moved to shut down travel from Wuhan, the city of 11 … Read more
By Saket Sundria and Grant Smith Jan 23, 2020 (Bloomberg)Oil fell further after hitting a seven-week low on speculation that China’s coronavirus outbreak may dent demand, just as the market already contends with plentiful supplies.Futures lost 1.6% in New York to trade below $56 a barrel as the world’s biggest oil importer effectively quarantined a major city … Read more
By Iain Rogers and Chris Reiter Jan 23, 2020 (Bloomberg) The rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering is being closely watched to see how the global elite aims to tackle problems they helped create, above all climate change. Germany’s Angela Merkel will speak … Read more
January 22, 2020 The Canadian Press British Columbia’s human rights commissioner is defending herself against accusations by Indigenous supporters of the liquefied natural gas industry that she didn’t do her research before wading into a pipeline dispute. Karasi Govender says in a statement that she “unreservedly” recognizes that some band councils along the Coastal GasLink … Read more
January 22, 2020 Reuters The number of oil company bankruptcies rose 50% in 2019 over the previous year, as a slide in prices continued to shake producers in the United States and Canada, Dallas law firm Haynes and Boone said in a report released on Wednesday. U.S. and Canadian oil and natural gas exploration and production … Read more
DK-Lok is specialized in the manufacturing of Instrument Fitting & Valves and DKHP Series has developed to satisfy the unique customer who requests for the high pressure application. Made out of 316 cold-worked stainless steel meeting NACE MR 0175. ¼” to 1”; other sizes available upon request Cone & Thread design Sour gas equipment DK … Read more
January 22, 2020 19:00 ET | Source: Condor Petroleum Inc. CALGARY, Alberta, Jan. 22, 2020 (GLOBE NEWSWIRE) — Condor Petroleum Inc. (“Condor” or the “Company”) (TSX:CPI) is pleased to announce the receipt of a further US$18.7 million of the sale proceeds for the Company’s previously announced sale of its Shoba and Taskuduk oilfields in Kazakhstan. In October … Read more
January 22, 2020 | Source: STEP Energy Services Ltd. CALGARY, Alberta, Jan. 22, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) provides a strategic business update, announces an amendment to its credit facilities, and provides fourth quarter and year end 2019 results conference call details. STRATEGIC BUSINESS UPDATE STEP is pleased to … Read more
January 22, 2020 The Canadian Press Victoria police say a dozen adults have been taken into custody following a day-long protest in the offices of the Ministry of Energy, Mines and Petroleum Resources. Police say officers were called Tuesday morning for a report that a group had occupied the lobby area of the building. Protesters said … Read more
January 22, 2020 Newswire CALGARY – Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its 2020 capital program, 2020 guidance and new five year plan. “We believe that the key to creating shareholder value is through fully utilizing the available capacity of our existing infrastructure, which is expected to increase … Read more
January 22, 2020 The Canadian Press CALGARY – The agency responsible for approving and assessing energy development in Alberta is laying off staff as it deals with budget cuts. The Alberta Energy Regulator says it laid off “a couple of dozen” staff Tuesday with more to come by the end of February. Gordon Lambert, interim … Read more
Alberta IoT is proud to partner with TECTERRA and Rogers Communications on February 13th, 2020 to bring the Oil and Gas community together in conjunction with the IoT in Oil and Gas CANADA event to spawn one or more ecosystem building projects. View Full Details AGENDA: 6:00pm – Cocktail Reception 6:45pm – Brenda Beckedorf, Alberta IoT 7:20pm – Richard Gorecki, TECTERRA 7:30pm – … Read more
By Lorcan Roche Kelly Jan 22, 2020 (Bloomberg) China virus spreads to more countries, impeachment trial may be over soon, and rich people go skiing. Here are some of the things people in markets are talking about today. Containment efforts Hong Kong reported its first case of the respiratory virus which has so far killed nine people in China, … Read more
By Javier Blas Jan 22, 2020 (Bloomberg) The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos, a sign of how much pressure they’re under from activists and investors to address climate change.The meeting, part of a World Economic Forum dominated by climate … Read more
By Saket Sundria and Grant Smith Jan 22, 2020 (Bloomberg) Oil declined on concerns that a coronavirus outbreak in Asia could spread and curtail demand in a market that’s already contending with plentiful supplies.Futures slipped 1.2% to trade below $58 a barrel in New York. Goldman Sachs Group Inc. said prices could fall about $3 a barrel if an … Read more
By Yuliya Fedorinova and Jake Rudnitsky Jan 22, 2020 (Bloomberg) Climate change is the key topic at this year’s World Economic Forum’s annual meeting in Davos, framed by the face-off between U.S. President Donald Trump and activist Greta Thunberg. “We must reject the perennial prophets of doom and their predictions of the apocalypse,” Trump told an audience that … Read more
HOUSTON (Bloomberg) – U.S. shale oil fracking has already peaked and is in a period of sustained contraction, according to two major providers of services to the industry. That view from Halliburton Co. and Schlumberger Ltd. signals an eventual deceleration in U.S. oil production, which is currently at record highs. Slower output growth would have … Read more
THE CANADIAN PRESS As of Jan. 1, every Canadian and all Canadian businesses are paying a price on carbon.The federal Greenhouse Gas Pollution Pricing Act means provinces that do not have their own price on pollution that meets a federal standard get the federal carbon tax applied to them.That includes Manitoba, whose premier talked Monday about the prospect of … Read more
by Chris Sankey We are so caught up romanticizing how we are going to protect the environment, we have forgotten that in order to live, our communities need money. We talk about our culture, heritage, language and the seafood that sustains us, which has defined who we are. While that certainly strengthens us and makes … Read more
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS January 22, 2020 07:00 ET | Source: Questerre Energy Corporation CALGARY, Alberta, Jan. 22, 2020 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has received all approvals … Read more
January 21, 2020 PR Newswire CALGARY, Jan. 21, 2020 /PRNewswire/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce its year-end 2019 production numbers as well as the reconfirmation of its existing credit facility. Full Year 2019 Production Full year 2019 production was 26,900 … Read more
January 21, 2020 Newsfile Calgary, Alberta – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff“, or the “Company“) is pleased to provide an update on its Pekisko development program which continues to demonstrate encouraging results. Pekisko Development Program Update Pine Cliff’s first horizontal oil well (“13-33“) targeting the Pekisko formation in Central Alberta came on production … Read more
January 21, 202o Reuters A proposed Canadian oil sands mine has split the country’s indigenous people, compounding the challenges facing Prime Minister Justin Trudeau’s government as it decides whether to approve the project. Teck Resources Ltd would build the C$20.6 billion ($15.76 billion) Frontier mine 110 kilometres (68 miles) north of Fort McMurray, Alberta, capable of … Read more
By Kevin Orland and Jennifer A. Dlouhy Jan 22, 2020 (Bloomberg) TC Energy Corp.’s long-delayed Keystone XL pipeline took another step forward with U.S. approval of a key stretch of construction.The Interior Department authorized construction across a swath of federal land in Montana, according to a release on Wednesday.While approval by the oil-friendly Trump administration was … Read more
Each week, XI Technologies scans its 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. Succeeding in oil and gas development comes down to how well and … Read more
Recent Government of Alberta data shows that the number of inactive wells is on pace to exceed 100,000 by spring of this year. This inactive well count grows naturally over time as sites reach their operational end-of-life or are no longer economically viable. Of particular concern to the Government is the portion of inactive sites … Read more
Sproule releases a special report on Best Practices for Reserves Reporting of Abandonment, Decommissioning and Reclamation Costs in Canada. This report outlines the recent changes to the Canadian Oil & Gas Evaluation Handbook (COGEH) with respect to the inclusion of Abandonment, Decommissioning and Reclamation Costs (ADR) in a reserves report and provides insight into how … Read more
How artificial intelligence and digital technology can transform the ER&I sector Artificial intelligence will change the way we work, the way we communicate, the way we make decisions, and the way we interpret the world. But whether AI makes us better businesses—and better people—is in our hands. In our The Age of With series, we discuss how … Read more
January 21, 202o Reuters U.S. natural gas futures fell to a fresh three-year low below $2 on Tuesday on forecasts for milder winter weather through early February than previously expected.Low gas prices are a boon to consumers who pay less to heat homes and businesses, but are painful for energy companies – like EQT Corp , … Read more
What is TorqueStar™? TorqueStar™ is a state of the art combined load testing system that simultaneously reproduces downhole loading conditions on tubulars and downhole equipment during all drilling and completion operations. TorqueStar technology offers the ability to understand how the application of simultaneous torque with combined loading can ultimately affect the performance of equipment subjected … Read more
By Lorcan Roche Kelly Jan 21, 2020 (Bloomberg) China virus spreads, Trump impeachment trial opens, and Davos gathering continues. Here are some of the things people in markets are talking about today. Contagion The mysterious respiratory disease in China which has already killed six people has entered a new phase with the illness spreading from person to person. The number … Read more
By Saket Sundria and Grant Smith Jan 21, 2020 (Bloomberg) Oil fell as global markets remained comfortably supplied despite the suspension of exports from Libya, and as equities faltered on political and economic worries in Asia.Brent crude lost as much as 1.8% in London, approaching $64 a barrel. Libyan ports have been closed on the orders … Read more
By Francine Lacqua and Jeremy Hodges Jan 21, 2020 (Bloomberg)Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos as climate concerns dominated the annual business forum more than ever before.Oil and gas producers are under mounting pressure to help prevent a damaging rise in temperatures, … Read more
By Iain Rogers and Chris Reiter Jan 21, 2020 (Bloomberg) The world’s rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering will be closely watched to see how the global elite aims to tackle issues they helped create, above all climate change.President Donald Trump’s appearance, which comes … Read more
January 20, 2020 | Source: Steel Reef Infrastructure Corp. CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) — Steel Reef Infrastructure Corp. (“Steel Reef” or the “Company”) is pleased to advise it has closed its previously announced transaction to purchase certain associated natural gas gathering, processing and sales infrastructure assets in Saskatchewan from Crescent Point Energy Corp. … Read more
January 21, 2020 | Source: Baytex Energy Corp. CALGARY, Alberta, Jan. 21, 2020 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) announced today that it intends to offer US$500 million aggregate principal amount of senior unsecured notes due 2027 (the “Notes”) in a private placement offering (the “Offering”), subject to market and other conditions. The … Read more
January 21, 2020 | Source: Canacol Energy Ltd. CALGARY, Alberta, Jan. 21, 2020 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to provide the following gas sales and operations update. Gas Sales Realized contractual natural gas sales for the fourth quarter of 2019 averaged approximately 180 million standard cubic … Read more
January 21, 2020 Source: InPlay Oil Corp. CALGARY, Alberta, Jan. 21, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that its Board of Directors has approved a $35 million Exploration and Development capital program for 2020. InPlay delivered another year of exceptional operational results … Read more
Regina’s police chief says the city is being held “hostage” by a labour dispute between the Co-op Refinery and the union representing 700 of its workers.Evan Bray says officers arrested and charged 14 people with mischief yesterday after access was blocked to the plant. Unifor had announced it was going to prevent fuel trucks from … Read more
We are excited to announce the final speaker for our January 29th event. Following the theme of focusing on enterprise sales, we have the senior technologist at one of the biggest enterprises in Canada speaking! Chris Foster, Vice-President, Information Services and Chief Information Officer, TC Energy What do innovative companies need to think about when … Read more
January 20, 2020 The Canadian Press A truck hauls a load at Teck Resources Coal Mountain operation near Sparwood, B.C. in a handout photo VANCOUVER – Indigenous leaders from British Columbia and Alberta who oppose Teck’s Frontier mine say its impact will be felt by First Nations well beyond the site of the massive oilsands … Read more
January 20, 2020 Globe Newswire CALGARY – Baytex Energy Corp. (“Baytex”)(TSX, NYSE: BTE) announces its year-end 2019 reserves and 2019 fourth quarter and year-end preliminary unaudited financial and operating results (all amounts are in Canadian dollars unless otherwise noted). “Our production in 2019 exceeded the high end of our annual guidance with outstanding capital efficiencies in … Read more
January 20, 2020 CNW CALGARY – Enerplus Corporation (“Enerplus” or the “Company”) (TSX & NYSE: ERF) today announced its 2020 exploration and development capital budget of $520 to $570 million and outlook through 2022. “We remain focused on creating value for shareholders through a combination of sustainable, high return production per share growth, free cash flow generation and low financial leverage,” … Read more
January 20, 2020 The Canadian Press Coastal GasLink Pipeline project construction HOUSTON, B.C. – A natural gas pipeline project has polarized many communities across northern British Columbia in a dispute a Wet’suwet’en elder says he hopes will be resolved through dialogue. Russell Tiljoe, 83, has long-established ties with the First Nation whose hereditary clan chiefs say … Read more
January 20, 2020 CNW CALGARY, Jan. 20, 2020 /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 certain associated gas infrastructure assets (the “Assets”) in Saskatchewan for total cash consideration of $500 million. The Assets sold as part of this transaction … Read more
January 20, 2020 Reuters Locked-out workers at the Co-op Refinery in Regina, Saskatchewan blockaded the facility on Monday, halting the movement of workers and trucks, the union and owner said. Federated Cooperatives Ltd (FCL), which owns and operates the refinery, locked out 800 workers on Dec. 5 in a dispute over pensions, but has kept western … Read more
January 20, 2020| Source: International Petroleum Corporation International Petroleum Corp. (“IPC”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has entered into an agreement to acquire Granite Oil Corp. (“Granite”) (TSX: GXO) for total equity and debt consideration of approximately USD 59 million (CAD 77.2 million) (the “Acquisition”). The Acquisition includes total proved plus … Read more
Granite Oil Corp. Agrees to Sale to International Petroleum Corporation For $0.95 Cash Per Share January 20, 2020 02:00 ET | Source: Granite Oil Corp. CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO)(OTCQX:GXOCF) is pleased to announce that it has entered into an arrangement agreement (the “Agreement”) with … Read more
January 20, 2020 07:00 ET | Source: Pipestone Energy Corp. CALGARY, Alberta, Jan. 20, 2020 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) was notified by Keyera Corp. (“Keyera”) on January 17, 2020 of an electrical failure within the Keyera Wapiti Gas Plant (“Keyera Plant”). This failure has resulted in an unplanned outage. … Read more
By Sybilla Gross Jan 19, 2020 (Bloomberg) Hong Kong’s leaders rebuff a key demand from the protesters, the U.S.-China trade deal is Trump’s impeachment hedge and world leaders in Berlin are working towards a Libyan cease-fire. Here are some of the things people in markets are talking about today. Hong Kong Violence Over the weekend, Hong Kong … Read more
By Grant Smith and Alex Longley Jan 20, 2020 (Bloomberg) Oil rose to a more than one-week high in London as supply disruptions in Iraq and Libya reignited concerns over the market’s vulnerability to geopolitical risk in key production regions.Brent futures increased to more than $65 a barrel after Libya’s oil production almost ground to a halt as … Read more
If you’re an oil and gas employer who cares about the industry’s labour market issues – we want to hear from you! Each year, the Workforce Trends Survey conducted by PetroLMI allows organizations in the oil and gas industry to share important information about hiring challenges and specific workforce needs. The more respondents the survey … Read more
In order to economically run the processes in modern refineries, the installation of process analyzers is required to continuously provide reliable measurement results within the shortest time. These measurement results represent the actual process status and are the basis for any kind of process control and optimization. Process analyzers Process analyzers have been integral part … Read more
100×144 ClearSpan Structure constructed on concrete blocks G&B Portable Fabric Buildings is excited about our continued expansion into the United States. As the company has grown, the additional expansion offers new and innovative solutions for building storage and warehousing in the gulf coast states such as Texas, Louisiana, Mississippi, Alabama, and Florida. G&B; Now serving … Read more
A guide to using software to manage your field activities. REGISTER NOW Discover How to replace paper field tickets, LEMs, and forms with tablets Learn How to shorten the number of days it takes to create and send invoices See The software in action and ask questions about how you can benefit from using it … Read more
Recently, the only thing changing faster than the climate appears to be the rules and regulations pertaining to the same. While Canada has always been at the forefront of prudent environmental and regulatory stewardship, even so, there is always room for improvement. Methane Reduction requirements are now in effect Jan 2020. The requirements focus on … Read more
Many oil and gas executives are concerned that their industry is behind in the race to apply advanced data science — including machine learning and artificial intelligence (AI) — to its most critical problems. This is understandable considering the complexity of the sector’s challenges. First, the cost of failure for oil and gas is significant, … Read more
The Canadian Press CALGARY – Encana Corp. says an Alberta court has approved the oil and gas company’s reorganization that will see it move its headquarters to Denver from Calgary and change its name to Ovintiv Inc. The decision by the Court of Queen’s Bench of Alberta follows Tuesday’s vote that saw 90 per cent … Read more
By David Yager EnergyNow.ca If you remained in Alberta during the first major cold snap of the year and are alive to read this article, you owe your continued existence to fossil fuels; coal, oil and natural gas. Using Red Deer as an example, from January 12 to 18 the average daytime high was -25.9oC … Read more
Updated by Grady Semmens Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Davos, Switzerland. Climate activists will be attending the World Economic Forum’s annual gathering in Davos, Switzerland Jan. 21-24 to pressure financial leaders to immediately abandon the fossil fuel economy. As one of the world’s top … Read more
Canada’s drilling rig count is up 41 actively drilling rigs according to data collected by Baker Hughes for the week ending January 17, 2020. From one week ago, Alberta rig counts increased 37 to 170 and the Saskatchewan rig counts increased 2 to 52. Oil drilling increased 32 to 152 and gas increased 9 to … Read more
By Rachel Adams-Heard, Naureen S. Malik and Sayer Devlin (Bloomberg) One chilly day in October, President Donald Trump boarded Air Force One and flew to Pennsylvania to hail one of the state’s most important industries — not coal, but natural gas.Trump spoke at an industry event of the “astonishing increase” in shale gas production. The Appalachian region has … Read more
January 17, 2020 Reuters Canadian oil producers and refiners have cut processing rates this week as extreme cold weather grips Western Canada, traders familiar with the matter said on Friday.Cold weather has spread across western Canada this week. In Edmonton, the capital of Canada’s main oil-producing province, Alberta, temperatures dropped to minus 36 degrees Celsius (minus … Read more
Jan 17 (Reuters) – U.S. energy firms this week added oil rigs for the first time in four weeks even as the pace of growth in record crude output is expected to slow. Companies added 14 oil rigs in the week to Jan. 17, bringing the total count to 673, energy services firm Baker Hughes … Read more
By Lorcan Roche Kelly Jan 17, 2020 (Bloomberg) China growth stabilizes, U.S. to sell 20-year bonds, and the EU to examine trade deal. Here are some of the things people in markets are talking about today. Good news There were signs a firmer recovery could be underway in China after GDP data released overnight showed growth stabilized at 6% … Read more
By Jeremy Hodges and Akshat Rathi Jan 16, 2020 (Bloomberg) A few renewable energy technologies are bracing for rapid growth, breaking away from stagnation in investment across the whole industry last year.A BloombergNEF report that counted $282.2 billion in funding for clean energy technologies in 2019, up just 1% from the year before, suggested electric cars, … Read more
By Elizabeth Low and Grant Smith Jan 17, 2020 (Bloomberg) Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful.Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing’s … Read more
January 16, 2020 CNW CALGARY (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to provide an update on our Cardium development program which continues to demonstrate encouraging results as we initiate our 2020 drilling campaign. Additionally, the Company provides the details of recently added hedges to our 2020 program. Cardium Development Program Update All 13 … Read more
January 16, 2020 Reuters An indigenous group that opposes construction of the Coastal GasLink pipeline in British Columbia will refuse workers access to their land, but in peaceful fashion, according to one of its chiefs.The statement comes after Royal Canadian Mounted Police (RCMP) established a checkpoint on Monday for access to a remote, forested area along … Read more
L-Vis 510: Polymer Flooding Inline Polymer Flooding Liquid Viscosity Robust and accurate viscosity measurement under harsh process conditions is a challenging task made easy by Anton Paar’s unique, fluid dynamic inline viscometer, L-Vis 510. L-Vis 510 has a nanometer-resolution inductive displacement sensor which measures the deflection of a flexible cuff subjected to shear in a tapered gap. The … Read more
‘Today it’s heavy oil, tomorrow it could be anything else,’ Justice Malcolm Rowe says at hearing OTTAWA — The Supreme Court of Canada has shut down British Columbia’s attempt to regulate what can flow through an expanded Trans Mountain pipeline from Alberta. The B.C. government wanted to require provincial permits before heavy oil could be … Read more
by Gregory John Canadian Energy Centre Former chief councillor of Haisla Nation and current B.C. MLA Ellis Ross. On a cold January night, a frustrated Ellis Ross pulled over his truck and did a video response to charges from a United Nations committee that Indigenous people had not been properly consulted on three major B.C. … Read more
January 16, 2020 Reuters Canadian heavy crude’s discount versus U.S. benchmark West Texas Intermediate (WTI) crude widened to a fresh 13-month high on Thursday, amid a cold snap in Alberta and large oil inventories in the province.In cold weather, shippers dilute bitumen volumes with additional ultralight oil, taking up more pipeline capacity. Inventories in Alberta have … Read more
January 16, 2020 CNW All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted CALGARY – MEG Energy Corp. (“MEG” or the “Company”) (TSX: MEG) announced today its preliminary estimates of expected ranges of certain financial and operating data for the three months and … Read more
Show Details HERE Book Your Space SHAPING THE FUTURE OF ENERGY Global Petroleum Show Unites oil and gas industry for a stronger future The 51st running of North America’s Leading Energy Event, the Global Petroleum Show (GPS) highlighted new technologies, innovation and optimism for a strong Canadian energy sector. Over 53,000 members of government, … Read more
By Lorcan Roche Kelly Jan 16, 2020 (Bloomberg) Jury’s out on trade deal, more bank earnings, and oil reaps U.S.-China deal benefit. Here are some of the things people in markets are talking about today. Winners, losers (and doubts) Analysts are welcoming the phase-one trade deal between the U.S. and China that was signed yesterday, while cautioning that … Read more
By Robert Tuttle (Bloomberg) An arctic blast sweeping across Western Canada is weighing on the price of heavy crude.Temperatures of -30 degrees Celsius (-22 Fahrenheit) and lower have descended on Alberta and Saskatchewan — cold enough to render the region’s viscous oil rock solid. To transport it, producers must blend in more of a lighter crude … Read more
By Elizabeth Low and Grant Smith (Bloomberg) Oil traded near its lowest closing level in six weeks as cautious hopes that the U.S.-China trade pact will support demand were offset by signs of ample supply. Futures held near $58 a barrel in New York after settling at the lowest since Dec. 3 on Wednesday. While the … Read more
January 15, 2020 Reuters The discount on Canadian heavy crude widened slightly versus U.S. benchmark West Texas Intermediate (WTI) crude on Wednesday, amid large Alberta oil inventories and congested transportation.Weakness in Canadian heavy oil prices also reflects the impact of IMO regulations, which require ships to emit less sulphur, said John Coleman, principal research analyst at … Read more
January 16, 2020 Globe Newswire CALGARY – (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to provide an update to our operations as well as the release of our 2020 guidance and development plan. “I am very pleased to announce that Pipestone Energy produced approximately 17,700 boe/d during December 2019, well in excess of the … Read more
January 16, 2020 CNW CALGARY – Enerplus Corporation (“Enerplus”) (TSX & NYSE: ERF) today announced the retirement of Ray Daniels as Senior Vice President, Operations, People & Culture after more than 35 years in the energy industry, including 12 years with Enerplus. Mr. Daniels will remain in his current position until he formally retires in April 2020. In conjunction … Read more
January 16, 2020 William Lacey Dear Chancellor Gordon and President Ono, I am writing to you today regarding your decision to divest from all investments in fossil fuel related companies within the endowment fund at The University of British Columbia. Though I take exception to this decision as you are effectively offshoring carbon-based fuel production to … Read more
The Leadership Series by Sherri Hilton MAL, CEC, PCC It’s 2020! Officially the start of a New Year and a new decade. Full of the promise of new beginnings. A new you. And for many with whom I’ve spoken, an opportunity to set new goals and resolutions. Truth be told, I’ve never been a … 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 32 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more
Houston, Texas (January 16, 2020) – In early January, STEP Energy Services (STEP) performed its first coiled tubing job in North Dakota for an independent oil producer in the area. The ultra-capacity coiled tubing unit travelled to a four well pad just outside of Watford City in the Bakken formation. The composite plug milling operation was … Read more
Imagine a future where your computer not only runs 100 times faster, it also uses 1% of the amount of energy, saving time, money and the environment. It might sound like a dream, but an Alberta company has turned it into reality. Quantum Silicon Inc. (QSi) is revolutionizing the way technology is created—harnessing the power … Read more
As part of their continuous investments in research and technology, Canadian Natural focuses on improving their performance by enhancing their processes while reducing our environmental impact. At Horizon, a field pilot is underway on an alternative bitumen extraction method — the In-Pit Extraction Process (IPEP). This involves a relocatable, modular extraction plant that processes ore … Read more
January 15, 2020 The Canadian Press The Supreme Court of Canada in Ottawa OTTAWA – Canada’s high court will hear arguments Thursday on whether British Columbia can stop Alberta from shipping heavy oil through the Trans Mountain pipeline without a permit. B.C.’s NDP government brought the case in 2018 as it worked to fulfill an election … Read more
January 15, 2020 The Canadian Press Coastal GasLink Pipeline project construction A pipeline at the centre of a conflict between hereditary chiefs and a natural gas company in northern British Columbia is creating jobs for Indigenous people and lifting communities from poverty, says an elected chief of a band that supports the project. All 20 … Read more
January 15, 2020 The Canadian Press EDMONTON – A group tasked with cleaning up thousands of abandoned energy facilities in Alberta says the province’s rules for ensuring polluters reclaim their wells before selling them off are inadequate. The industry-funded Orphan Well Association made the criticism in a letter to Alberta’s energy regulator, which is considering a … Read more
By Sam Potter Jan 15, 2020 (Bloomberg) The trade deal signing is upon us, no one wins the Dems debate, and the bar is high for big bank results. Here are some of the things people in markets are talking about today. Happy Big Beautiful Monster Day! Well, it’s time. President Donald Trump is poised to sign a phase-one … Read more
By Divya Balji Jan 14, 2020 (Bloomberg) At least three analysts have downgraded their rating on Husky Energy Inc. this week, sending the shares lower for a third straight day. Canaccord Genuity, Raymond James and Bank of Nova Scotia’s strategists have reduced their recommendation on the Canadian energy company’s stock as concerns surrounding free cash flow … Read more
By Simon Casey Jan 14, 2020 (Bloomberg) Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest, according to one energy investor. Adam Waterous, who runs Waterous Energy Fund, regards the sector’s financial position as unsustainable after years of disappointing returns … Read more
By Elizabeth Low and Grant Smith Jan 15, 2020 (Bloomberg) Oil traded near a six-week low as industry data showing an increase in U.S. crude stockpiles re-affirmed expectations that global markets will be oversupplied in the first part of the year.Futures steadied near $58 a barrel as traders focused on the approaching seasonal lull in demand … Read more
January 14, 2020 Reuters Canadian pipeline company TC Energy Corp said on Tuesday that it planned to start pre-construction work in February for its Keystone XL oil pipeline, the start of a busy planned work schedule in 2020 for the long-delayed project.TC said in a filing with U.S. District Court in Montana that in February it … Read more
January 14, 2020 CALGARY – NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX: NVA) is pleased to announce a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. Operations Update The NuVista operated Pipestone South Compressor Station has performed with high reliability since commencing operations late in the … Read more
January 14, 2020 CALGARY – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) is pleased to announce its 2020 budget. KEY HIGHLIGHTS Expect to generate approximately $200 million to $350 million of excess cash flow in 2020 at US$55/bbl to US$60/bbl WTI, allowing for continued net debt reduction and accretive share repurchases. Disciplined and … Read more
How are commodity prices forecast? How do forecast prices differ from strip pricing? Why do these forecasts not always change in response to market variations? These are just some of the questions that arise time and time again throughout the reserves process. Futures, or forward curves are not truly spot price forecasts In addition to … Read more
With coverage across Canada and into the Northern United States, GDM Pipelines’ Enhanced Pipeline and Facility data is already the most comprehensive, complete and accurate pipeline data solution available. And, it’s getting even better! On February 10th, we will be releasing GDM 5.0…the latest update to our industry-leading pipeline and facility data! Here’s what’s … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. In XI’s final article of 2019, it was pointed out that the … Read more
Too many reporters have bought into poorly conceived advocacy positions, and fail to provide readers with balanced information By Brad Hayes | January 14, 2020 The Canadian Energy Centre – also called the “war room” – is online, publishing featured stories, reports, briefs, analysis, perspective and even an Energy IQ quiz. It’s all aimed at distributing information … Read more
January 14, 2020 The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, as congested transport and high inventories weakened prices.Many western Canadian grades have seen weakening prices, with crude by rail movement seeming to flatten in recent weeks, and storage levels remaining elevated, said Matt Murphy, analyst … Read more
January 14, 2020 The Canadian Press CALGARY – Shareholders in Encana Corp. have voted overwhelmingly in favour of the oil and gas company moving its headquarters to Denver from Calgary and changing its name to Ovintiv Inc. CEO Doug Suttles says the 90 per cent vote in favour of the resolution shows clear support for the … Read more
Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter When Dale Swampy talks about poverty on reserves, he gets angry and frustrated. He thinks Canadians don’t want to deal with what’s going on in their own backyard. “You feel like it’s out of sight, out … Read more
By Sheela Tobben Jan 13, 2020 (Bloomberg) Oil settled at the lowest level since early December as geopolitical tension in the Middle East eased.Futures in New York fell 1.6% Monday. The threat of an outright war has receded since Tehran fired missiles at U.S.-Iraqi bases last week in retaliation for Washington’s assassination of its top general. … Read more
By Cecile Gutscher Jan 14, 2020 (Bloomberg) Trump lifts designation of China as a currency cheat, new front in trade war opens in Europe, and bank earnings roll in. Here are some of the things people in markets are talking about today. Sweeter deal The Trump administration took China off its watchlist of currency manipulators ahead of the scheduled signing … Read more
January 13, 2020 Reuters The discount on Canadian heavy crude narrowed versus U.S. benchmark West Texas Intermediate (WTI) crude on Monday from a 13-month high reached last week, but remained elevated on tight takeaway capacity and bloated storage levels.Anticipation of upcoming turnarounds at U.S. refineries also weighed on Canadian prices, a Calgary-based industry source said. Western … Read more
January 14, 2020 | Source: Petrus Resources Ltd. CALGARY, Alberta, Jan. 14, 2020 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to provide its first quarter capital budget and outlook for 2020. With the risk of volatility in the price of Canadian light oil and natural gas, the Company believes … Read more
On January 8th The Intercept, an activist news site, published an article shaming Imperial Oil for supposedly hiding its information about climate change for decades. This re-hashing of old arguments initially used to target ExxonMobil is making its rounds again on the internet as anti-hydrocarbon groups continue their assault on oil and gas companies. The idea … Read more
XI Technologies is hosting two free webinars in January to address common questions when it comes to asset retirement obligations. These webinars will be 30 minutes each and will demonstrate how ARO Manager helps users with a built-in, industry-recognized cost model and helps them discover working interest partners. Webinar: How to Find Working Interest Partners … Read more
VICTORIA — A natural gas pipeline across northern British Columbia is vital to the region’s economic future and it will be built despite the objections of some Indigenous leaders, Premier John Horgan said Monday. He said the courts have ruled in favour of the project and the rule of law will apply to ensure work … Read more
Reuters KEY POINTS India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, according to the IEA. India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017. … Read more
18 MONTHS OF CONTENT MARKETING ON ENERGYNOW FOR THE PRICE OF 12 – SAVE 50%! MARKET THE FOLLOWING CONTENT ABOUT YOUR COMPANY: Videos, Webinars, Press Releases, Announcements, Case Studies, New Technology, Special Promotions, White Papers, Events, Open House, Job Fair, Equipment Showcase, Service Showcase, New Hire Announcement, Now Hiring Announcement, Charitable Initiative, Special Awards or … Read more
By Geoffrey Cann More energy, less carbon: this is the dilemma facing governments, businesses and consumers as they determine how to respond to climate change. What role can digital technologies play? Climate and Energy The defining issue of our day—-on the one hand, global energy demand continues to rise, fuelled by rising prosperity and population … Read more
January 13, 2020 CALGARY, Jan. 13, 2020 /CNW/ – Corridor Resources Inc. (“Corridor” or the “Company“) (CDH: TSX) is pleased to announce it has entered into a definitive investment agreement (the “Investment Agreement“) with Neil Roszell, Jason Jaskela, Ali Horvath, Jonathan Grimwood and Terry Danku (the “Initial Investors“) which provides for: (i) a non-brokered private … Read more
By Sam Potter Jan 13, 2020 (Bloomberg) A twist in the Mideast drama, investors brace for a busy week, and corporate headlines roll in. Here are some of the things people in markets are talking about today. Simmering The situation in the Middle East took an unexpected turn this weekend when Iran admitted it mistakenly shot down a Ukrainian … Read more
By Elizabeth Low and Grant Smith Jan 13, 2020 (Bloomberg) Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.The threat of an outright war has receded since Tehran fired … Read more
By Verity Ratcliffe and Annmarie Hordern Jan 13, 2020 (Bloomberg) Saudi Arabia’s Energy Minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels, undeterred by the flare up of political tensions in the Middle East.Oil prices have erased all of this year’s rally, which saw … Read more
By Kevin Orlan (Bloomberg) Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change on a key Alberta pipeline system last year helped better manage flows of the fuel.The discount on gas traded at Alberta’s AECO hub versus the … Read more
Although the current Canadian government is continuing to let down Canada’s largest natural resource sector, we are optimistic for the future of Canadian oil and gas. Falcon stands with everyone, including all gas and pipeline workers and their families, that are suffering due to the current downturn in the market. Despite the downturn, we are … 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 32 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more
By Morgan Fraser The need for temporary signage is situational, whether it be for seasonality, portability or functionality. Seasonality is a good indicator for when businesses may need temporary signage, especially throughout those winter months. Permanent signage is usually too costly to continuously update and is typically mounted or deep in the ground. Temporary signage … Read more
In the short video below, Giancarlo Savini (Implementation Manager at Shell Ventures in Houston) explains how Osprey is a great fit for a Shell midstream terminal in Canada. About us Osperity (Formerly Osprey Informatics) assists industrial companies to reduce operational costs and mitigate safety and environmental risks through intelligent visual monitoring. With our platform clients … Read more
Committee on the Elimination of Racial Discrimination (CERD) Human Rights Treaties Division (HRTD) Office of the United Nations High Commissioner for Human Rights (OHCHR) Palais Wilson – 52, rue des Pâquis CH-1201 Geneva (Switzerland) E-mail: cerd@ohchr.org Dear CERD, I’m writing today, as a Canadian, in response to the Committee’s letter to halt the construction of the … Read more
By Catherine Ngai, Grant Smith, Javier Blas and Dan Murtaugh Jan 12, 2020 (Bloomberg) A dramatic U.S. drone strike kills Iran’s most important general. Tehran vows retribution and oil prices jump almost 5% as traders rush to cover the risk of a Middle East war. Then the selling starts.It’s a trading pattern that would have been unthinkable a decade ago, … Read more
By Kevin Orland (Bloomberg) Canadian heavy crude’s discount to U.S. benchmark oil hit the widest since Alberta introduced a plan to limit the province’s production more than a year ago, threatening more adversity for the beleaguered industry.Western Canadian Select’s discount to West Texas Intermediate reached $24.05 a barrel on Friday, the biggest gap since Nov. 30, … Read more
Canada’s drilling rig count is up 118 actively drilling rigs according to data collected by Baker Hughes for the week ending January 10, 2020. From one week ago, Alberta rig counts increased 69 to 133 and the Saskatchewan rig counts increased 42 to 50. Oil drilling increased 93 to 120 and gas increased 25 to … Read more
There are rare moments in time when certain individuals or companies shine. They come along unexpectedly and have a profound effect on us; they become a legend in their area of expertise. To some they are controversial, to others they are heroes; but, regardless, no one can deny that they have an ongoing influence within … Read more
By Nathaniel Bullard Jan 10, 2020 (Bloomberg Opinion)The start of a new year brings with it a raft of data on the world’s energy systems. So far, electricity sector figures show a transition well underway — some sources increasing, others collapsing. Each market is different, but the trends in markets as diverse as the U.K., … Read more
Presents Mr. Tom Olsen CEO of the newly founded Canadian Energy Centre The Canadian Association of Petroleum Landmen is pleased to host Mr. Tom Olsen of the newly founded Canadian Energy Centre at the Calgary Petroleum Club, Thursday, January 23, 2020. Join us at one of the first public appearances of Mr. Olsen, set to … Read more
January 10, 2020 Reuters U.S. energy firms reduced the number of oil rigs operating for a third week in a row as producers follow through on plans to slash spending on new drilling for a second year in a row in 2020. Drillers cut 11 oil rigs in the week to Jan. 10 in the biggest … Read more
VANCOUVER — British Columbia’s human rights commissioner has called on Canada to stop building a contentious natural gas pipeline until the affected Indigenous groups consent to the construction. Kasari Govender said she believes Canada is shirking its obligations as a signatory to the United Nations Committee for the Elimination of Racial Discrimination. “I join (the … Read more
18 MONTHS OF CONTENT MARKETING ON ENERGYNOW FOR THE PRICE OF 12 – SAVE 50%! MARKET THE FOLLOWING CONTENT ABOUT YOUR COMPANY: Videos, Webinars, Press Releases, Announcements, Case Studies, New Technology, Special Promotions, White Papers, Events, Open House, Job Fair, Equipment Showcase, Service Showcase, New Hire Announcement, Now Hiring Announcement, Charitable Initiative, Special Awards or … Read more
Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter View of a Cenovus steam-assisted gravity drainage oil sands project in northern Alberta. Photograph courtesy Cenovus Energy Inc. The effort to produce cleaner oil and position Canada as one of the world’s most responsible energy suppliers … Read more
This short documentary explores the potential of locally produced oil fighting the impacts of climate change and the downsides of foreign oil imports.
January 10, 202010:36 AM CNW CALGARY – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $1 billion of senior unsecured medium-term notes (the “Offering”). The Offering was conducted in three tranches consisting of $250 million principal amount issued through a re-opening of the Company’s … Read more
By Lorcan Roche Kelly Jan 10, 2020 (Bloomberg) It’s jobs day, Iran denies downing plane, and Trump impeachment trial may get Pelosi green light. Here are some of the things people in markets are talking about today. Payrolls The Labor Department will deliver the last jobs report of the 2010s at 8:30 a.m. Eastern Time this morning. It is … Read more
By Sharon Cho and Grant Smith Jan 10, 2020 (Bloomberg) Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying fears of disruption to Middle East energy supplies.Futures initially soared to an eight-month high above $65 a barrel in New York on Jan. … Read more
By Jacqueline Thorpe Jan 9, 2020 (Bloomberg)Jobs data on Friday are poised to reveal just how weak the Canadian economy is. Canada has posted less than stellar economic statistics recently, including weak retail spending and combined jobs losses of 73,000 in October and November, indicating the economy barely eked out growth beyond 1% on an annualized … Read more
By Melissa Karsh and Catherine Ngai Jan 10, 2020 (Bloomberg) After big wins shorting U.S. shale companies last year, one energy hedge fund is turning its sights on the beaten-down Canadian oil sector. After gaining 40% last year, according to a person familiar with the results, Westbeck Capital Management is betting Canadian firms are better positioned … Read more
January 9, 2020 WASHINGTON – The White House is promising sweeping changes to how major energy and infrastructure projects in the United States are evaluated for their potential environmental impact. U.S. President Donald Trump says the planned overhaul of the National Environmental Policy Act, or NEPA, will streamline environmental approvals for major construction efforts like … Read more
Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photograph courtesy Teck Resources. Building Trades of Alberta, a group representing 18 local unions and more than 60,000 skilled trades workers, is urging federal Environment and Climate Change Minister Jonathan Wilkinson to approve the $20.6 billion … Read more
January 9, 2020 Reuters Canada’s Cenovus Energy on Thursday unveiled plans to reduce per-barrel greenhouse gas emissions by 30% by the end of 2030, as the country’s oil industry faces growing pressure from environmental activists. The Alberta-based integrated oil and gas company said it will spend an additional C$1.5 billion on businesses run by the country’s … Read more
AltaGas Announces Board of Director Transition January 9, 2020 CNW CALGARY – AltaGas Ltd. (AltaGas) (TSX: ALA) announces the appointment of two new Independent Directors – Linda Sullivan and Nancy Tower to its Board of Directors effective today. In addition, AltaGas announces the retirement of Daryl Gilbert from the Board to be effective following the conclusion of AltaGas’ next annual meeting of shareholders … Read more
Tickets can be found at www.albertaproud.org/valueofalberta It’s a New Year and for many Albertans it feels like we are long overdue for a New Deal for the West. For those in the energy industry a New Deal isn’t just preferable, it’s ESSENTIAL. The energy industry is under attack. 2019 saw the government in Ottawa continuing … Read more
By Lorcan Roche Kelly Jan 9, 2020 (Bloomberg) War risk recedes, China to sign trade deal, and global growth to remain sluggish. Here are some of the things people in markets are talking about today. Peace rally The prospect of war between the U.S. and Iran faded after President Donald Trump backed away from threats to launch further attacks, instead … Read more
By Grant Smith and Sharon Cho Jan 9, 2020 (Bloomberg) Oil steadied after rapidly shedding all of its gains from the clash between the U.S. and Iran, as traders waited to see whether any further hostilities will disrupt exports from the Middle East.Brent held above $65 a barrel on Thursday, having tumbled 4.2% the previous day … Read more
January 09, 2020 | Source: Saturn Oil + Gas Inc CALGARY, Alberta, Jan. 09, 2020 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) today announced a strong production rate exiting 2019 as a result of its successful Q4 2019 capital program, and upcoming Q1 2020 drilling program. Successful … Read more
January 8, 2020 CNW CALGARY, Jan. 8, 2020 /CNW/ – Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $1 billion of senior unsecured medium-term notes (the “Offering”). The Offering will be conducted in three tranches consisting of $250 million principal amount to be issued through a re-opening of the Company’s 4.02% medium-term notes, series 10, … Read more
January 8, 2020 Globe Newswire CALGARY, Alberta, Jan. 08, 2020 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX: TEI) announces that the Board of Directors (the “Board“) of the Corporation is undertaking a formal process to identify, examine and consider the strategic alternatives available to the Corporation to maximize value for shareholders. Such strategic … Read more
January 8, 2020 CNW Advancing Light Oil with A Solid Natural Gas Foundation CALGARY, Jan. 8, 2020 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce its 2020 capital budget which targets investment between $170 and $200 million. These investments will continue to advance the Corporation’s liquids transition plan by focusing on our Progress and Pipestone/Wembley … Read more
January 8, 2020 Globe Newswire CALGARY, Alberta, Jan. 08, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”) demonstrated strong operational results at the end of 2019 and has approved a 2020 capital budget focused on sustaining annual production within forecasted funds flow. Year-end 2019 Operations Update Production – Annual average of … Read more
January 8, 2020 Reuters The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Wednesday, with traders pointing to large stockpiles and limited pipeline space.Alberta oil storage levels have hit record highs after a temporary Keystone pipeline outage last year and a rail strike. In October, Alberta, Canada’s main oil-producing … Read more
Calgary, October 27-28, 2020 If you own, operate or work in a business, you have a supply chain and are part of others. A supply chain is a system of organizations, people, activities, information, and resources between an organization and its suppliers to produce and distribute products to buyers. An organization’s supply chain is a key competitive … Read more
January 8, 2020 The Canadian Press BRITISH COLUMBIA – A natural gas pipeline company has posted an injunction order giving opponents 72-hours to clear the way toward its work site in northern British Columbia. The order stamped Tuesday by the B.C. Supreme Court registry addresses members of the Wet’suwet’en Nation and supporters who say the project … Read more
January 8, 2020 The Canadian Press CALGARY – The cost of a petrochemical project near Edmonton designed to turn propane into plastic pellets to be shipped to manufacturers around the world has risen to about $4.9 billion, up about $400 million from original estimates. Calgary-based Pembina Pipeline Corp. says the adjustment is a result of the … Read more
Canada poised to provide world’s ‘greenest’ LNG Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Artist’s rendering of the LNG Canada export facility being built in Kitimat, B.C. Photograph courtesy LNG Canada Canada risks losing out on trillions of dollars and the opportunity to … Read more
Cody Battershill January 7, 2020 Who doesn’t respect the United Nations? Or maybe it’s better to ask, who doesn’t respect them – until they really mess up? For almost 75 years, beginning with just over 50 member states, the UN has helped hold the world together, labouring to express the will of now almost 200 … Read more
January 7, 2020 CNW All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), which is a financial measure that is not defined by Generally Accepted Accounting Principles (“GAAP”). For more information see “Non-GAAP Measures” herein. CALGARY, Jan. 7, 2020 /CNW/ … Read more
Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Coastal GasLink workers inspect pipe shipped in for the $6.6-billion project. Photograph courtesy Coastal GasLink The United Nations Committee on the Elimination of Racial Discrimination has released a directive calling on the Government of Canada to immediately suspend … Read more
By Mikael Holter and Christian Wienberg Jan 8, 2020 (Bloomberg)Equinor ASA just unveiled its most ambitious climate plan yet, but it isn’t enough to get Norway’s biggest oil company off the exclusion list of a major Danish pension fund.State-controlled Equinor wants to make its production in Norway carbon neutral by 2050. Yet critics say it … Read more
By Mahmoud Habboush, Anthony DiPaola and Verity Ratcliffe Jan 8, 2020 (Bloomberg) OPEC and one of its biggest producers sought to tamp down concerns over Middle Eastern oil supply on Wednesday after Iran fired missiles at U.S. forces in Iraq.Global crude markets are well supplied, and the Organization of Petroleum Exporting Countries and allied producers will … Read more
By Shelly Hagan Jan 7, 2020 (Bloomberg) Canada’s trade gap reached C$1.1 billion ($847 million) in November after a multi-day rail strike disrupted transportation of key goods, causing exports to drop for a third straight month and raising concerns about the strength of the domestic economy. The headline figure slightly beat economist expectations for a C$1.2 billion trade deficit, … Read more
January 7, 2020 Reuters The discount on Canadian heavy crude was unchanged versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, but remained large due to large stockpiles and limited pipeline space.Alberta oil storage levels are high after a temporary Keystone pipeline outage last year and with production steady, a Calgary industry source said. The … Read more
Prospects for higher natural gas prices could also help bolster balance sheets CALGARY, ALBERTA (January 7, 2020) – Ongoing international trade tensions and the risk of a continuing oversupply of crude oil helped push global oil prices lower at the beginning of the final quarter of 2019, while Canadian oil prices remained under pressure due … Read more
Each week, XI Technologies scans its 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. XI Technologies looks at expiring land every month because it can provide … Read more
Gemini has over 20 years’ experience as a CWB shop. Our structural and site steel capabilities provide the fastest turnaround to all your structural applications. Our lean manufacturing process offers high value to all clients and their projects. Pipe Racks. Pipe Supports. Skids. Platforms. Stairs. Ladders structural modules and more! Specifications: Shop cutting and fabrication … Read more
By Koleya Karringten At the start of a brand-new year, it’s always a time for reflecting on the lessons of the past and envisioning a path to the future we want to create. If you’re like most of the people I’ve spoken to over the holidays, there’s a definite air of relief at the end … Read more
Asset Management Services CWL Energy Management (CWL Energy), based in Calgary, Alberta provides full-service oil and gas Asset Management services to industry. Our qualified professionals work with organizations to manage the complete value chain of asset management, from prospect generation through to sales, including production operations, engineering & geoscience, HSER, land and accounting services. … Read more
EDMONTON — Alberta’s energy minister says the United Nations is an unelected, unaccountable body that has no business criticizing Canada’s energy megaprojects.
Sonya Savage, in a statement, says that it’s the job of elected leaders, not the UN, to mak…
REGINA — The union representing hundreds of Regina Co-op oil refinery workers is asking locals from across Canada to send members to Saskatchewan as a show of solidarity.
Scott Doherty, executive assistant to Unifor’s national president, says the call…
January 7, 2020 CNW CALGARY – Cona Resources Ltd. (“Cona”), a portfolio company of Waterous Energy Fund (“WEF”), today announced the completion of its acquisition of Pengrowth Energy Corporation (“Pengrowth”) for approximately C$740 million. With the Pengrowth acquisition, Cona is the largest privately-owned heavy oil producer in North America, with production of 35,000 boe/d and an industry-leading base decline … Read more
SMITHERS, B.C. — A company building a natural gas pipeline though northwestern British Columbia says it could delay work in an area at the centre of a dispute with a First Nation, but it is ready to resume construction.
The hereditary chiefs of the We…
By Sharon Cho and Grant Smith Jan 7, 2020 (Bloomberg) Oil fell from a three-month high in London as traders waited to see whether the clash between the U.S. and Iran would lead to a disruption in Middle East crude supplies. Brent futures retreated toward $68 a barrel after a two-day surge following a U.S. airstrike … Read more
By Lorcan Roche Kelly Jan 7, 2020 (Bloomberg)U.S.-Iran saber-rattling continues, markets bounce back and oil traders calm down. Here are some of the things people in markets are talking about today. Threat and counter-threat The head of Iran’s national security council said the country is assessing 13 scenarios in response to the killing of a powerful general, adding that even … Read more
By Mikael Holter Jan 7, 2020 (Bloomberg) The largest oil company in western Europe’s biggest petroleum exporter wants to drastically cut its carbon footprint.Equinor ASA, which is based in the Norwegian town of Stavanger on the edge of the North Sea, is trying to adapt its business model to a world increasingly alarmed by the fallout … Read more
January 07, 2020| Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Jan. 07, 2020 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that its investee company, Red Leaf Resources Inc. … Read more
January 07, 2020 | Source: Precision Drilling Corporation This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in … Read more
VANCOUVER—Prime Minister Justin Trudeau’s government has now recorded the highest ever per-person spending level of any federal government, including those that fought wars or faced recessions, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “This high level of spending could lead to a rapid deterioration of … Read more
Maureen McCall Canadians woke up to a new geopolitical reality last Friday morning, only three days into the New Year and a new decade. The US airstrike in Iraq that killed Qassem Suleimani has raised concerns that the escalation of the US-Iran conflict could disrupt crude oil supply. The conflict has pivoted the focus of … Read more
VICTORIA — The company building a natural gas pipeline as part of a $40 billion liquefied natural gas project in northern British Columbia says it plans to resume construction despite an eviction notice served by members of a First Nation over the wee…
Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Enbridge workers pose next to the new Line 3 pipeline in Canada that got the go ahead in December. Photograph courtesy Enbridge As the sun rises on 2020, the year kicks off as a busy one … Read more
Updated by Shawn Logan on January 6, 2020 Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter GHGSat-D, a satellite that monitors greenhouse gas emissions, is one of hundreds of technologies spearheaded by COSIA. Photograph courtesy GHGSat Inc. From the nation’s energy heartland to Earth’s … Read more
Here are five trends in the world of digital oil and gas worth watching this year and throughout the decade. It’s been a long-standing and time honoured practice to make predictions about the future. But as Yogi Berra, a famous and oft-quoted New York Yankees catcher and manager, observed, “Making predictions is really hard, especially … Read more
VANCOUVER — A United Nations committee working to end racism is urging Canada to immediately stop the construction of three major resource projects until it obtains approval from affected First Nations.
The Committee on the Elimination of Racial Discr…
January 6, 2020 TheNewswire VANCOUVER, B.C. – January 6, 2020 – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest“) (TSXV:HRH) (OTC:HLRTF) is pleased to announce that, effective January 1, 2020, Aaron Triplett was appointed as its new Chief Financial Officer and Corporate Secretary. Mr. Triplett is a Chartered Professional Accountant (CPA, CA), and has accumulated experience in the field of financial … Read more
Consignor Deadline: Tuesday, January 21st, 2020 at 10 am (MST) Calgary and Edmonton, Alberta Calling All Consignors! Consignor Deadline: Tuesday, January 21st, 2020 at 10 am (MST) Featuring: NEW 24” x 28’ 1440 PSI Alberta Sour 8 Tray Dehy, NEW 24” 1440 SPI Liquid Chemical Sweetening Package, NEW 8’ x 30’ 75 PSI Heated Horizontal FWKO, … Read more
EDMONTON — The Opposition in Alberta says the government’s $30-million energy war room has been a cavalcade of flubs and mistakes and it’s too late to fix a disastrous first impression.
NDP energy critic Irfan Sabir says his party’s caucus supports pr…
By Sharon Cho and Grant Smith Jan 6, 2020 (Bloomberg) Oil extended its gains, briefly surpassing $70 a barrel in London for the first time since September, as Middle East tensions flared after the U.S. assassinated one of Iran’s most powerful generals. Futures rose as much as 3.1% on Monday as the U.S. State Department warned … Read more
By Sharon Cho Jan 5, 2020 (Bloomberg) A flare-up in U.S.-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc.Price risks for Brent, which has surged about 6% since the U.S. strike killed a top Iranian general, are skewed to the … Read more
By Lorcan Roche Kelly Jan 6, 2020 (Bloomberg)Soleimani killing fallout widens, market selloff deepens, and oil rally may be short lived. Here are some of the things people in markets are talking about today. Now what? U.S. policy in the Middle East has become much more uncertain in the wake of the killing of Iranian General Qassem Soleimani. … Read more
A new economic report says the next decade in Canada will increasingly be shaped by the twin forces of climate change and demographic disruption from an aging population.
“By 2030, Canada’s economy could look significantly different,” says the RBC rep…
Universal Geomatics Solutions Corp. Board of Directors has voted in favour of the development of an integrated Environmental Sustainability Program, to begin in January 2020. The global investment community is becoming increasingly socially conscious in screening investment opportunities, and the impact of this reality on the oil and gas industry has been significant. It is … Read more
When: January 15th, 2020 at 11am EST/8am PDT Register: Register here! Your enterprise is operating in a world characterized by highly volatile markets, very short product life cycles, intense competition and rapidly evolving customer expectations. Supply-demand planning and ERP systems are falling short on providing accurate information across suppliers, manufacturers, and distributors. Can your enterprise … Read more
Osprey Informatics (“Osprey”), a leader in AI-driven computer vision and intelligent visual monitoring for the industrial sector has changed its name to Osperity. The new name better reflects the company’s technology uniqueness for intelligent visual monitoring and analytics and also minimizes confusion in the marketplace. “The name Osprey Informatics worked well when we were only … Read more
This article was originally published on blog.paradoxaccess.com By Charles Proulx Western Canada’s energy and mining industries are synonymous with the provisions of commodities across Canada and throughout the world. Large plays where valuable natural resources are sourced are often in areas that are virtually inaccessible; unstable land foundations such as high-water tables and soft layers of earth … Read more
Dave Humphreys Every dark cloud has a silver lining. The silver lining on a cloud is an indication that the sun is behind it. I truly believe that Canadian LNG is that sun…! I recently participated on a panel, at the SPARK 2019 event in Edmonton, alongside the Associate Minister of Natural Gas for Alberta, … Read more
CALGARY — A veteran of Canada’s ailing oilpatch is hoping a new product drawn from deep under Prairie grain fields will provide a natural resource boom for Western Canada.
Marlon McDougall, 59, says he wasn’t interested when first approached last year…
VANCOUVER — A First Nation in British Columbia has served a company that wants to build a natural gas pipeline through its territory an eviction notice.
“This notice is to inform you that all Coastal GasLink staff and contractors currently trespassing…
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 32 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more
Canada’s drilling rig count is down 14 actively drilling rigs according to data collected by Baker Hughes for the week ending January 3, 2020. From one week ago, Alberta rig counts stayed at 64 and the Saskatchewan rig counts decreased 14 to 8. Oil drilling decreased 25 to 27 and gas increased 11 to 58. … Read more
By Sheela Tobben and Grant Smith Jan 3, 2020 (Bloomberg) Oil surged toward a 3 1/2-month high as attention turned to Iran’s threatened retaliation for the U.S. airstrike that killed the Islamic Republic’s top general.Brent futures rose 3.5% on Friday, the highest since the attacks on Saudi Arabia’s oil facilities in September. The airstrike near Baghdad airport killed … Read more
By James Herron, Grant Smith and Alex Longley Jan 3, 2020 (Bloomberg) The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated — direct military confrontation between the two adversaries. In the hours after President Donald Trump ordered the killing at Baghdad airport … Read more
by Michael Binnion – Canadian Energy Network The current situation facing Alberta is intolerable and cannot be allowed to stand. Like his father, Justin Trudeau believes in weak provinces and a strong Ottawa. And like his father, he is willing to push the constitution far beyond past convention to make Ottawa supreme over the provinces. … Read more
CALGARY — Higher oil prices in the wake of a U.S. air strike in Iraq that killed a top Iranian general was driving up share prices for Canadian energy companies and threatening higher fuel prices for consumers in Canada.
Analysts say the attack and Ir…
January 3, 2020 Reuters U.S. energy firms reduced the number of oil rigs operating for the second straight week as producers follow through on plans to slash spending on new drilling.Drillers cut 7 oil rigs in the week to Jan. 3, bringing the total count down to 670, energy services firm Baker Hughes Co said … Read more
By Lorcan Roche Kelly Jan 3, 2020 (Bloomberg) Top Iranian commander killed in U.S. airstrike, investors seek safety in havens, and Fed minutes due. Here are some of the things people in markets are talking about today. Escalation Qassem Soleimani, one of Iran’s most powerful generals who led proxy militias that extended the country’s power across … Read more
By Saket Sundria and Grant Smith Jan 3, 2020 (Bloomberg)Oil jumped toward $70 a barrel in London after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s most important crude-producing region. Brent futures surged by more than 4% in busy trading on Friday … Read more
By Sheela Tobben Jan 3, 2020 (Bloomberg) Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already spurring midstream rate cuts and could mean cutthroat competition ahead. Producers in the West Texas and New Mexico oilfield are pumping about 4.72 million barrels … Read more
Ron Ashkenas Brook Manville Creating a unifying vision for an organization is a fundamental skill for leaders. A simple, bold, inspirational vision can feel almost magical: it brings people throughout the company together around a common goal and provides a focal point for developing strategies to achieve a better future. Unfortunately, however, building a vision has become … Read more
CALGARY — AltaGas Ltd. says it may be forced to increase its ownership share in Petrogas Energy Corp., an oil and gas liquids handling firm that owns and operates a propane export terminal in Washington state.
The Calgary-based utility, power and pipe…
SMITHERS, B.C. — A hereditary chief with the Wet’suwet’en First Nation says the community is expecting further police action after the British Columbia Supreme Court ruled in favour of a natural gas company that wants to build a pipeline through its t…
Published by Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Suncor’s Fort Hills oil sands facility produces crude oil with greenhouse gas emissions that are on par with the average crude refined in the United States on a full life-cycle basis. Photograph courtesy … Read more
January 2, 2020 CNW CALGARY – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX:POU) announces that its board of directors has approved the implementing of a normal course issuer bid (“NCIB”). A Notice of Intention to make a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange (the “TSX”). Paramount is … Read more
January 02, 2020 | Source: Arrow Exploration Corp. CALGARY, Alberta, Jan. 02, 2020 (GLOBE NEWSWIRE) — ARROW Exploration Corp. (“Arrow” or the “Company”) (TSXV: AXL) is pleased to announce that it has successfully negotiated an amendment and extension to its US$5 million promissory note with Canacol Energy Ltd. (“Canacol”) (the “Amended Note”). Under terms of the Amended Note, … Read more
By Paul Tugwell Jan 2, 2020 (Bloomberg) Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu will on Thursday sign an accord for the construction of the Eastern Mediterranean natural gas pipeline. The 1,900-kilometer (1,181 miles) link will connect recently discovered gas fields in the eastern Mediterranean basin with European … Read more
By Lorcan Roche Kelly Jan 2, 2020 (Bloomberg) China’s central bank eases, more weakness in manufacturing PMIs and Ghosn is ready to talk. Here are some of the things people in markets are talking about today. Lending boost Stocks in China got the year off to a strong start after the country’s central bank reduced the reserve ratio … Read more
By Grant Smith and Salma El Wardany Jan 2, 2020, (Bloomberg) OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets. Saudi Arabia, Iraq and the United Arab Emirates reduced production in December, the final month of a round of restrictions by the cartel … Read more
By Saket Sundria and Grant Smith Jan 2, 2020 (Bloomberg) Oil steadied after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further.Futures held near $61 a barrel in New York. An Iran-backed Iraqi militia withdrew from the U.S. embassy in Baghdad after storming the … Read more
December 31, 2019 CNW CALGARY – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) today announced the closing of the agreement through which Enbridge has sold a number of federally-regulated natural gas gathering and processing assets in British Columbia (“G&P Business”) to Brookfield Infrastructure (NYSE: BIP) (TSX: BIP.UN) and its institutional partners (collectively, “Brookfield”). These federally-regulated assets represent the second phase … Read more
Ruling gives RCMP mandate to enforce order related to Coastal GasLink project Bethany Lindsay · CBC News Last Updated: December 31, 2019 A B.C. Supreme Court judge has issued an injunction against members of the Wet’suwe’ten Nation who have blocked access to a natural gas pipeline project inside their traditional territory in northern B.C. Justice Marguerite … Read more
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