By Canadian Press September 30, 2020 CALGARY — Hundreds of Canadian employees of Royal Dutch Shell could be affected by its plan revealed Wednesday to cut between 7,000 and 9,000 jobs worldwide by the end of 2022. The company has 3,500 workers in Canada, accounting for about 4.2 per cent of its global workforce of about 83,000 … Read more
By Elizabeth Low and Alex Longley Sep 30, 2020 (Bloomberg) Oil extended its decline below $39 a barrel in New York, heading for the first monthly loss since April, as the world’s biggest trading houses signaled a meaningful recovery in demand is some way off.Global oil consumption may rebound from its virus-driven collapse in about 18 months, according … Read more
By Lucia Kassai Sep 30, 2020 (Bloomberg) Venezuela’s dwindling oil exports were dealt another blow as one of India’s top refiners secured millions of barrels of Canadian crude on concern that the U.S. is poised to step up sanctions against Caracas. Reliance Industries Ltd, owner of the world’s largest refining complex, signed a deal to purchase … Read more
By Ron Bousso LONDON (Reuters) – Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. Shell, which had 83,000 employees at the end of 2019, said that the reorganisation … Read more
(Reuters) – Should Joe Biden win November’s U.S. presidential election, there could be a number of changes in energy policy Here are the issues at stake: INTERNATIONAL OIL SUPPLIES President Donald Trump’s unilateral sanctions on OPEC members Iran and Venezuela have together taken around 3 million barrels per day of crude oil off international markets, … Read more
By Robert Tuttle Sep 28, 2020 (Bloomberg) U.S. President Donald Trump’s decision to approve a rail link between Canada and Alaska could open up an export route to Asia for Alberta’s struggling oil sands producers. The presidential permit, announced in a tweet late on Friday, will push forward a $17 billion project to build a rail … 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 month ago, we took a look at the state of liabilities in … Read more
CALGARY — Indigenous communities are being given a chance to pursue an ownership interest in the Keystone XL pipeline project, builder TC Energy Corp. announced on Tuesday.
The Calgary-based company says a memorandum of understanding has been signed w…
by Ralph Norton Refiners have been reforming naphtha to improve its octane or to produce aromatic chemicals since the 1930s. Initially the desired chemical reactions were achieved in Thermal Reformers without the use of catalyst by simply heating the naphtha to about 540°C (1000°F) to “crack” non-aromatics out of the naphtha boiling range. This was … Read more
Body worn cameras are increasingly recognised as being a valuable complement to traditional surveillance, offering a perspective that is comparable to the wearer’s own and, in that, providing video and audio useful in a number of scenarios. There is a myriad of benefits to implementing body worn cameras across a range of industries – from … Read more
BUILD’s highly anticipated Construction & Engineering Awards returns in 2020 for the fifth consecutive year. The ever-popular Construction & Engineering Awards remains a key part of BUILD magazine’s awards programme portfolio and Gemini Fabrication could not be more excited an honored to receive the award for ‘Best Fabrication Company in Western Canada’ for 2020. With … Read more
By Eileen Ashmore There are well over 130! innovation funding programs available for Alberta technology driven businesses that provide support for R&D, prototype development, testing, field/commercial demonstration, market launch, commercialization, export and all. And, there are an additional 30+ employment and training grants and subsidies. Many technology driven businesses are not aware of the depth … Read more
Be part of the transformation and join the Global Energy Show where technical experts from around the world present and discuss the latest technologies, processes and innovations leading the way toward zero emissions energy systems. #globalenergyshow https://bit.ly/2G7Kn8H
Join AWS & Osperity to learn how energy companies can become more efficient and profitable by using smart devices and video analytics in the cloud. Energy companies both big and small are realizing the necessity of emergent technology to stay relevant and profitable in a quickly changing world. Specifically, Oil & Gas companies are trending … Read more
NEWS PROVIDED BY Advantage Oil & Gas Ltd. Sep 29, 2020 Agreement to Supply Clean, Low Emissions Natural Gas to Recently Financed, State-of-the-Art CPV Three Rivers Energy Center in Grundy County, Illinois CALGARY, AB, Sept. 29, 2020 /CNW/ – Advantage Oil & Gas Ltd. (Advantage) and Competitive Power Ventures (CPV) announce today that the companies have agreed to … Read more
September 29, 2020 | Source: NuVista Energy Ltd. CALGARY, Alberta, Sept. 29, 2020 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the successful renegotiations of our Minimum Volume Commitments (“MVCs”) under various processing and transportation agreements, and the successful consummation of an agreement for Letters of Credit (“LC”) support … Read more
Protecting marine environment vital cog in Trans Mountain Expansion plan By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Harbour Master Capt. Shri Madiwal at the Port of Vancouver. Supplied for Canadian Energy Centre As harbour master at the Vancouver-Fraser Port Authority, master mariner Capt. Shri Madiwal … Read more
CALGARY — Pieridae Energy Ltd. says it has hired a new engineering firm to replace one that left its East Coast liquefied natural gas export project in July.
The Calgary-based company says international engineering firm Bechtel Corp. has agreed to rep…
(Reuters) – The latest business combination in the U.S. shale patch is signaling a path forward for the troubled sector. In contrast to the bankruptcies of the past three months, Devon Energy DVN.N’s $2.56 billion all-stock, low premium deal for rival WPX Energy WPX.N brings together two companies with assets in a few oil-producing basins and relatively low … Read more
Investments to include Keystone XL and other future TC Energy projects September 29, 2020 | Source: TC Energy Corporation CALGARY, Alberta, Sept. 29, 2020 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and Natural Law Energy (NLE) today announced they have signed a Memorandum of Understanding (MOU) for NLE … Read more
CALGARY — A panel of Indigenous business leaders says limited and slow access to capital is a major barrier to their First Nations’ ability to take an ownership role in the resource megaprojects being built across their lands.
In a webcast discussion …
Bechtel Brings a High Level of LNG Experience & Expertise September 29, 2020 | Source: Pieridae Energy Limited NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, Sept. 29, 2020 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) is pleased to announce that it has signed a services agreement with respected global … Read more
By Alex Longley Sep 29, 2020 (Bloomberg) Oil edged lower toward $40 as a global market rally cooled and traders look to U.S. inventory data for clues on demand recovery.Futures slipped 0.7% in New York, after earlier trading near $40 a barrel. The end-of-quarter rebound in global stock markets stalled on Tuesday, while global confirmed deaths … Read more
By Julia Payne LONDON (Reuters) – The heads of the world’s largest trading houses on Tuesday predicted a tepid recovery in oil demand and flat prices over the coming months or years due to the coronavirus pandemic but said peak oil demand would come only in the next decade. The chief executives of Vitol, Gunvor … Read more
‘Most people don’t know just how much foreign oil has been imported into Canada, which provinces are buying it and where it originates’ By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter File photo When forecasting future oil consumption around the world, many people have opinions … Read more
By Reuters Staff MOSCOW (Reuters) – Russian Energy Minister Alexander Novak on Sunday urged all global energy market players to combine efforts in order to combat the fallout from the spread of coronavirus, which has dampened fuel demand. Speaking at an online conference of energy ministries from G20 countries, Novak also said global oil demand … Read more
September 28, 2020 | Source: Cequence Energy Ltd CALGARY, Alberta, Sept. 28, 2020 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or “the Company“) announces that it has implemented the previously announced plan of compromise and arrangement (the “Plan”) of the Company, under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) which was sanctioned on September 17, 2020 by order of … Read more
By Reuters Staff WASHINGTON, Sept 28 (Reuters) – President Donald Trump wrote on Twitter over the weekend he would issue a permit for a railway project from Canada’s oil sands to ports in Alaska, a project that has many regulatory hurdles but could help spur shipments of the landlocked crude to foreign markets and U.S. … Read more
TORONTO — The Canada Pension Plan is overlooking its own rules that say its money cannot be used for political ends, says an environmental group.
John Bennett of Friends of the Earth says Crestone Peak Resources — a Colorado-based company wholly owned…
By Geoffrey Cann Not only does blockchain play well with other oil and gas technologies, it helps others deliver more value. One plus one really does equal three, but it depends on who is doing the math, and how. Recently, I chaired a panel discussion by the Energy Conference Network on convergence possibilities between blockchain and other … Read more
September 25, 2020 | Source: Fuelled CALGARY, Alberta, Sept. 25, 2020 (GLOBE NEWSWIRE) — Fuelled is pleased to announce it has placed No. 5 on the Globe and Mail’s 2020 Report on Business ranking of Canada’s Top Growing Companies; it is also the top Alberta company on this year’s ranking. Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. … Read more
By Elizabeth Low and Alex Longley Sep 28, 2020 (Bloomberg) Oil reversed an earlier decline following a weaker dollar and a broader rally in markets.The U.S. currency hit a session low, making commodities priced in the greenback more attractive, and European equities rallied the most in two weeks. The oil market, however, still faces an uncertain outlook with … Read more
By Bloomberg News Sep 28, 2020 (Bloomberg)The most ambitious climate goal the world’s ever seen now has a road map for how to arrive at it.One of China’s top climate research institutes on Sunday laid out a plan of increasing renewable and nuclear energy and completely phasing out coal power. It’s the first blueprint from … Read more
By Reuters Staff DUBAI (Reuters) – Commercial oil inventories in OECD countries are expected to stand slightly above the five-year average in the first quarter of 2021, before falling below that level for the rest of the year, OPEC Secretary General Mohammad Barkindo said on Sunday. The level of oil stockpiles in the developed OECD … Read more
By Reuters Staff (Reuters) – U.S. oil and gas producer Devon Energy Corp DVN.N will buy peer WPX Energy Inc WPX.N for $2.56 billion, the company said on Monday, as it looks to expand its presence in the Delaware portion of the Permian Basin across Texas and New Mexico. The deal values WPX at $4.56 per share, just 2.7% … Read more
CALGARY — Inter Pipeline Ltd. has signed a deal to acquire the Milk River pipeline system from a subsidiary of Plains All American Pipeline LP, in exchange for its 100 per cent ownership interest in the Empress II and 50 per cent ownership interest in…
Alberta’s Clean Resource Innovation Network and the .government of Canada’s Trade Commissioners Service recently published a brochure highlighting Canadian companies who have developed innovative technologies that are being adopted on a global scale. Delta Remediation was proud to be featured alongside other Canadian Environmental leaders such as Ages Thermal Processing and Maapera Analytics . DOWNLOAD PDF VERSION HERE For … Read more
By Vista Projects Last December, Canada announced it aims to achieve net-zero emissions by 2050. This has intensified the focus on emissions reduction technology within the energy sector. Many companies have set bold sustainability targets. They’re seeking new ways to reduce the emissions intensity related to hydrocarbon production. Industry and governments around the world are … Read more
Advancements in construction technology are happening rapidly – are you seeing the benefits? Integrated Sustainability is bridging the traditional boundary between engineering and construction with advanced earthworks execution best practices. Over the past 10 years, Integrated Sustainability has gained an inside perspective to the inefficiencies of conventional construction practices while acting as owners’ engineer. They … Read more
Connecting your legacy industrial cameras to Osperity’s Intelligent Visual Monitoring Platform is a very cost-effective way to benefit from exception-based video analytics Osperity’s flexible open platform is a camera agnostic system which makes it easy to onboard industrial rated legacy cameras already installed in the field. If you have cameras on your site you likely … Read more
The TESCOM Anderson Greenwood Instrumentation H70 series chemical and instrumentation root valve are an ideal solution for a simple installation of chemical injection lines and instruments directly to a wellhead. The plug and play design eliminate multiple piping elbows, tees, connectors and valves by assembling all required components into one factory tested assembly. This simplicity of field installation chemical … Read more
Canada’s drilling rig count is up 7 active drilling rigs according to data collected by Baker Hughes for the week ending September 25, 2020. From one week ago, Alberta rig counts increased 7 to 41 and the Saskatchewan rig counts stayed at 15. Oil drilling increased 3 to 33 and gas increased 4 to 38. … Read more
CALGARY — Topaz Energy Corp., a subsidiary of Tourmaline Oil Corp., has filed a preliminary prospectus to raise $252.5 million through an initial public offering.
The offering — which will test the market’s appetite for energy investments —is to gener…
Link to Part I What’s old is new again. Activists are still preaching the same old taglines of unsubstantiated fear and impending doom, recycling old predictions that passed their deadline without coming to fruition, something I’ll explore further in the third part of this series. Extinctionclock.org, kind of the opposite of the headline-grabbing Extinction Rebellion, … Read more
by Koleya Karringten Over the last few months, I’ve been approached to participate in a number of panels and interviews on what Alberta needs to move its economy forward. With a recently announced $24.2 billion provincial budget shortfall, this question couldn’t be more urgent. However, while we may be experiencing severe challenges from the COVID-19 … Read more
By Scott DiSavino (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row as some drillers return to the wellpad now that crude prices have held gains made since recovering from coronavirus-linked lows in the spring. The oil and gas rig count, an early indicator of … Read more
Tanker traffic rise from Trans Mountain Expansion will significantly boost economy: Analysts By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Harbour Master Capt. Shri Madiwal in the operations centre at the Port of Vancouver. Supplied for Canadian Energy Centre Marine shipping activity in Canada — including … Read more
Boosting shipments of petroleum, LNG to energy-hungry global customers could spur growth in Canada’s marine trading By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The container ship Ballenita passes under the Lions Gate Bridge after leaving port, in Vancouver, B.C., Monday, May 18, 2020. The … Read more
September 24, 2020 Today, the Government of Newfoundland and Labrador announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all future bid deposit forfeitures to be reinvested as received, resulting in an injection … Read more
Project will create thousands of jobs, expand access to new markets and benefit Indigenous communities By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Crews continue work on the Trans Mountain pipeline expansion in B.C. Photograph courtesy Trans Mountain Construction of the Trans Mountain Expansion Project (TMX) … 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 27 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more
ST. JOHN’S, N.L. — The Canadian government is giving $320 million to Newfoundland and Labrador’s struggling offshore oil and gas industry. Natural Resources Minister Seamus O’Regan made the funding announcement Friday at a news conference in St. John’s. Premier Andrew Furey told reporters the province is creating an oil and gas sector recovery task force. Furey said the task force will … Read more
Goodfish/Whitefish Lake First Nation carving out strong future thanks to abiding partnerships with oil and gas companies By Gregory John Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Tom Jackson, CEO of Goodfish Lake Business Corporation in norther Alberta. Photograph supplied for Canadian Energy Centre Tom Jackson has watched … Read more
Attention PJVA Members and Nonmembers, Apologies for the last minute notice but we hope you can join us on ZOOM for an Early Morning Session (EMS) next Wednesday, September 30, 2020 at 7:30 am to discuss the Canada Emergency Wage Subsidy (CEWS). In March of this year, the Federal Government introduced the Canada Emergency Wage … Read more
NEWS PROVIDED BY Topaz Energy Corp Sep 25, 2020, 09:00 ET Not for distribution to U.S. news wire services or dissemination in the United States CALGARY, AB, Sept. 25, 2020 /CNW/ – Topaz Energy Corp. (“Topaz” or the “Company”), a unique royalty and energy infrastructure company that is majority owned by Tourmaline Oil Corp. (“Tourmaline”), is pleased … Read more
Keyera Corp. Sep 25, 2020 CALGARY, AB, Sept. 25, 2020 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today that its Wapiti gas plant has resumed operations after an unplanned outage that began on August 17, 2020. Keyera recognizes the importance of the Wapiti gas plant to its customers and worked to bring the plant back online as soon as … Read more
By Andy Hoffman and Javier Blas Sep 24, 2020 (Bloomberg) Global oil markets won’t be able to absorb planned production increases by OPEC+ members as demand remains weaker than expected, said the head of commodities trader Mercuria Energy Group.Oil stockpiles have been building in September and won’t draw down enough in the remainder of the year … Read more
By Rachel Adams-Heard Sep 25, 2020 (Bloomberg) With the U.S. oil industry reeling from the collapse in demand this year, the New Mexico shale patch has emerged as the go-to spot for drillers desperate to squeeze as much crude from the ground without bleeding cash. There’s just one problem: Joe Biden wants to ban new fracking … Read more
By Saket Sundria and Alex Longley Sep 25, 2020 (Bloomberg) Oil slumped near $40 in New York as the coronavirus weighs on markets and raises concerns about the outlook for consumption.November futures fell on Friday as the dollar gained and equity markets declined. Recent days have underscored the patchy prospects for demand, with the International Energy Agency … Read more
CALGARY — Calfrac Well Services Ltd. says its board has formally rejected a takeover offer by Texas-based Wilks Brothers LLC and made changes to its recapitalization plan in an effort to entice shareholders to back its proposal.
The company also has p…
Our agreement provides the foundation for future community support, training, employment, and business opportunities. To all those in the AWN organization and community who made this a reality, thank you and we are looking forward to shared success! https://www.cdncontrols.ca
If you knew there was a gas leak in your neighborhood and the lives of all the families who live near you were at risk, you would warn people right? I’m sure that when it comes to safety, you’d want to share with your peers in industry as well. After all, you may be … Read more
By Ahmad Ghaddar LONDON (Reuters) – Oil prices steadied on Thursday, as a fall in U.S. inventories last week was tempered by a stronger dollar and a renewed wave of COVID-19 cases in Europe that led several countries to reimpose travel restrictions Brent crude LCOc1 futures were up 10 cents, or 0.2%, to $41.87 a barrel by … Read more
By Rachel Adams-Heard Sep 24, 2020 (Bloomberg) After all the trauma the U.S. oil industry has been through this year — from production cuts to mass layoffs and a string of bankruptcies — many producers say they’re still prioritizing output over reducing debt.At least that’s according to the latest energy survey published by the Federal Reserve Bank of Dallas … Read more
By Nathaniel Bullard Sep 24, 2020 (Bloomberg) It’s Climate Week in New York, which brings with it a raft of announcements from companies outlining their new decarbonization targets and clean investment strategies. Some of the declarations are hefty, like Walmart Inc.’s plan to reach zero emissions across its global operations in 20 years without relying on carbon offsets. … Read more
By Kait Bolongaro and Theophilos Argitis Sep 24, 2020 (Bloomberg) Prime Minister Justin Trudeau promised to do “whatever it takes” to keep Canada’s economy afloat through the coronavirus. It might not be enough to stave off an election.In one of the most anticipated speeches of Trudeau’s five years in power, the prime minister outlined plans to … Read more
200% Increase in Sales and a 70% Services Growth Reported. September 24, 2020 – Cadeon Inc., a leader in enterprise data, digital transformation, and training has been awarded TIBCO’s Global High-Velocity Partner of the Year. “Our partner community is the lifeblood of TIBCO, and it is an honour to recognize this year’s winners of our … Read more
REGINA — Saskatchewan’s premier says the federal throne speech lacks support for the energy and agriculture industries.
Scott Moe and other premiers had also asked Ottawa to increase funding for health care ahead of today’s speech.
Moe says the addr…
HOUSTON (Sept 24, 2020) – Stress Engineering Services, Inc. (SES), the global leader in consulting engineering services and solutions, has launched its new Digital Solutions Group. The aim of the new group is reduce energy industry clients’ costs and manage risks through best-in-class digital technologies. By utilizing SES’s significant resources in physics-based engineering and subject … Read more
For Immediate Release: September 23, 2020 CAODC responds to Throne Speech, looks forward to energy industry helping lead recovery of Canadian economy. In today’s Speech from the Throne, the Federal Government acknowledged the important role natural resource industries will play in Canada’s economic recovery. Governor General Julie Payette pledged to continue to support Canada’s manufacturing, … Read more
Wednesday, Sept. 23, 2020 Taxpayers Federation: Throne speech promises risk breaking the bank Deficit already closing in on $400 billion but speech gives no indication government has any plans to address it Alarming references to new, permanent big-ticket spending on measures unrelated to the pandemic Green corporate welfare plans a major boondoggle in the making … Read more
Question is not whether policy is sound, but whether Ottawa is overstepping its authority Olivia Stefanovich · CBC News September 22 The Supreme Court of Canada today began a hearing on the constitutionality of the federal carbon tax. Lawyers representing the federal and some provincial governments made their cases before Canada’s highest court today for keeping or killing the carbon … Read more
By Alex Lawler LONDON (Reuters) – Oil edged up to around $42 a barrel on Wednesday supported by rising investor risk appetite and a report that U.S. fuel inventories fell, although rising crude supply and concern of stalling demand capped gains. European equities rose after better-than-expected German manufacturing data, giving oil a boost. The American … Read more
By Liz Hampton (Reuters) – Demand for U.S. fracking services will not return to pre-pandemic levels until 2025, consultancy Rystad Energy said on Tuesday in an online presentation. A recovery in demand for hydraulic fracturing services will be “slow and painful,” Thomas Jacob, vice president of Shale Research said. Between 250 and 300 fracking fleets … Read more
By Reuters Staff MOSCOW (Reuters) – The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions Associations belonging to the International Group of P&I Clubs, including the Shipowners’ Club and the London P&I Club, said … Read more
September 22, 2020 | Source: Gran Tierra Energy Inc. CALGARY, Alberta, Sept. 22, 2020 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE), today announced an operational update. All dollar amounts are in United States (“U.S.“) dollars and production amounts are on an average working interest before royalties (“WI“) basis unless otherwise indicated. Per … Read more
The Q2 2020 Calgary Market Report Ironically, Calgary’s real estate market, when looking strictly at the numbers, had an almost forgettable second quarter. Instead of seeing the typical market fluctuations produced by the volume of tenants and landlords transacting on new leases, nearly all businesses have pressed the pause button, along with the rest of … Read more
— Published on September 22, 2020 Summary Canada’s fiscal challenges extend far beyond just the short-term impact of COVID-19. An aging population will continue to place upward pressure on federal finances and a new structural imbalance between revenues and spending means deficits and debt are likely to continue growing for decades to come. A lower … Read more
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. It’s no secret that this has been one of the hardest drilling … Read more
CALGARY — Canadian exports of crude oil by rail fell to another eight-year low in July despite the gradual recovery of North American fuel demand from low levels due to measures taken to control the COVID-19 pandemic.
The Canada Energy Regulator says …
By Zumao Chen and Dave Dewees Computational fluid dynamics (CFD) modeling can be used as an efficient and low-cost alternative to improve the design and operation of a new burner. There are many factors that affect the performance of burners in a charge heater in a refinery. The burner needs to maintain a certain heat … Read more
September 22, 2020 Calgary, AB (Sept. 22, 2020) – The state of our country’s economy is the biggest issue of the day for Canadians, according to a new poll from IPSOS. The poll has 44 per cent of Canadians choosing the economy as the biggest priority for government, even putting it ahead of healthcare (chosen … Read more
September 22, 2020 Reuters Inter Pipeline Ltd said on Tuesday it will sell a major portion of its European bulk liquid storage business to Spain-based CLH Group for 420 million pounds ($537.73 million).The pipeline operator had halted the sale in March, stating potential buyers of the business had been significantly affected by the COVID-19 pandemic and … Read more
CALGARY — A year after putting its European bulk liquid storage business on the block, Inter Pipeline Ltd. has signed a deal to sell most of it to the Madrid-based CLH Group for $715 million.
The sale includes all of the Calgary-based company’s bulk l…
By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices rose on Tuesday as analysts took the view renewed lockdown restrictions would have only a limited impact on fuel demand, partly reversing a steep drop in prices the previous day. Brent crude LCOc1 was up 54 cents, or 1.3%, to $41.98 per barrel at 1033 GMT. U.S. … Read more
By Ron Bousso LONDON (Reuters) – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally … Read more
By David Yager September 21, 2020 “The only thing certain about oil is uncertainty.” This earth shattering profundity was shared with me in 1990 by Dr. Subroto, then Secretary-General of OPEC. Every time somebody predicts with great confidence what oil prices, production and demand will do next I’m reminded of his comment. Oil forecasters have … Read more
Back in the early 1990s, Mobil was exploring for oil in Zimbabwe when it came across large hydrocarbon resources in the Cabora Bassa Basin. The petroleum giant explored over an area extending all the way from Victorian Falls in the west of the country through to the Cabora Bassa Basin in the east. It identified … Read more
CALGARY — The long-standing chief executive of TC Energy Corp. is set to retire having overseen a corporate name change and dramatic growth and stock price appreciation, but without achieving completion of the contentious Keystone XL pipeline project….
September 21, 2020 CNW The Offer is open for 105 days and there is no immediate need to take any action. Your Board of Directors will provide a recommendation on or before October 6th. CALGARY, AB – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) acknowledges receipt of the unsolicited offer from Obsidian Energy Ltd. (“Obsidian”) … Read more
September 21, 2020 Accesswire CALGARY, ALBERTA – September 21, 2020 / Halo Exploration Ltd. (the “Company” or “Halo”) is pleased to announce test results from its HALO HZ MCKINLEY 5-21-65-22 (“5-21”) upper Montney well, as well as confirmation of tranche 2 funding of the Company’s $10.7 million term loan, and the Company’s preliminary plans for its Q4 … Read more
By Julian Lee Sep 21, 2020 (Bloomberg Opinion)Last week’s virtual meeting of oil ministers from the OPEC+ alliance was a fascinating insight into the exercise of power by Saudi oil minister Prince Abdulaziz Bin Salman. It opened with ABS, as he’s referred to, lecturing his counterparts about the importance of honoring the oil output cuts they agree … Read more
By Geoffrey Cann In a startling announcement last week, BP called peak oil demand here (well, either here now or perhaps last year, or in just a few months). Brace yourselves for the fall out. Not For The First Time My favourite source of energy statistical data and publisher of an annual scenario analysis of … Read more
CALGARY — Obsidian Energy Ltd. is formalizing its hostile takeover bid for rival Bonterra Energy Corp.
It says it will offer two Obsidian shares for each Bonterra share until Jan. 4.
The share-swap offer is the same as the proposal in a declaration o…
By Matt Day Sep 21, 2020 (Bloomberg) The vast Illinois factory floor that will produce electric delivery vans for Amazon.com Inc. is starting to fill up. Battery and chassis assembly here. Tire storage there. A titanic, three-story metal press. Sometime next year, the plant’s workers will complete the first van. A decade later, if all … Read more
François Poirier, COO, to succeed September 21, 2020 | Source: TC Energy Corporation CALGARY, Alberta, Sept. 21, 2020 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE:TRP) (TC Energy or the Company) today announced Russ Girling’s retirement as President and Chief Executive Officer and from its Board of Directors effective December 31, 2020. François Poirier, currently Chief … Read more
By Saket Sundria and Alex Longley Sep 21, 2020 (Bloomberg) Oil declined as Libya signaled the resumption of some crude exports, while surging coronavirus cases clouded the outlook for demand and weighed on risky assets.Futures in New York fell 2.1% toward $40 a barrel. Libya is moving closer to reopening its battered oil industry after it told companies … Read more
September 18, 2020 Reuters Oil storage tanks near Cushing, OK Lower flows of crude from Canada to Cushing, Oklahoma have helped ease a glut of oil at the delivery point for U.S. crude futures over the past two weeks, traders said, but the storage hub remained near a multi-month high.Crude inventories at Cushing fell 646,578 barrels … Read more
September 18, 2020 Globe Newswire CALGARY, Alberta – Cequence Energy Ltd. (“Cequence” or “the Company“) announces that the previously announced plan of compromise and arrangement (the “Plan”) of the Company, under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) was sanctioned today by order of the Court of Queen’s Bench of Alberta (the “Court”) under the CCAA. Cequence’s creditors … Read more
Rimini Street’s Seth A. Ravin (CEO & Chairman of the Board) is interviewed on Nasdaq #TradeTalks. This is a 6-minute interview with highlights of Rimini Street’s value proposition, its track record of helping organizations right size, and key milestones including the company’s 15th Anniversary. WATCH VIDEO
Rob Southon, VEERUM CTO August 4, 2020 Background Since the release of VEERUM 2.0: Objects and Properties in August 2019, our product team has been working closely with our clients to identify pain points and digital solutions during each stage of the asset lifecycle. With our diverse client base leveraging VEERUM’s platform during design, engineering, … Read more
Since introducing new methane regulations, the federal and provincial governments have put added pressure on operators in the upstream oil and gas industry to measure and report on emissions from their job sites. With this, finding reliable, rapid, and cost-efficient methods of monitoring emissions is more important than ever. Join us for a webinar where … Read more
When there is a risk of explosion in production vessels, oxygen sensor accuracy and speed of response are paramount. For a leading producer of performance additives, an in situ O₂ analyzer is providing high performance with almost zero maintenance. Phosphorus pentasulfide is an inorganic compound used in the production of lubricants, pesticides and flotation agents. … Read more
Canada’s drilling rig count is up 12 active drilling rigs according to data collected by Baker Hughes for the week ending September 18, 2020. From one week ago, Alberta rig counts increased 4 to 34 and the Saskatchewan rig counts increased 8 to 15 Oil drilling increased 11 to 30 and gas increased 1 to … Read more
Author of the article: Rick Bell Premier Jason Kenney takes the red-eye to Ottawa. He’s looking for fairness. He’s looking for Ottawa to be fair to Alberta. He’s looking for $6.5 billion and he’s got all the premiers on his side. Friday is the full-court press. You see, when a province like Alberta sees its … Read more
VANCOUVER — The first half of a $100-million federal fund directed at cleaning up dormant oil and gas wells in British Columbia has been disbursed.
Energy Minister Bruce Ralston says work is underway to reclaim wells that have been inactive for at lea…
Prince Rupert-based Blackfish Industries credits oil sands giant Canadian Natural for providing opportunities during COVID-19 crisis By Gregory John Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Hilliard Brightnose is a road maintenance grader operator with Indigenous-owned Blackfish Industries. Photograph supplied for Canadian Energy Centre As the COVID-19 pandemic … Read more
‘Canada should not be going it alone, especially given its minimal impact on global GHG emissions’ By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Steel pipe being produced at Tenaris S.A. facility in Sault Ste. Marie, Ontario. Photograph courtesy Tenaris S.A. A sweeping new federal carbon … Read more
By Scott DiSavino Sept 18 (Reuters) – U.S. drillers this week added oil and natural gas rigs for the second time in three weeks as a recent increase in energy prices from coronavirus-linked lows prompted some to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose by … Read more
By Grant Smith and Sharon Cho Sep 18, 2020 (Bloomberg) Oil fell, paring its biggest weekly gain since June, as Libyan military commander Khalifa Haftar said he will allow crude production and exports to resume.Futures slid 0.7% in New York following the announcement from Haftar, who controls most of eastern Libya and has halted operations … Read more
Job Posting – Account Manager Location – Calgary, AB, Downtown Base: Redhead Calgary Sales Office @ 510 5th St SW Salary: Base Salary + Commission Reports to: CEO & Sales Manager Description: Redhead Artificial Lift is a Canadian operated company that specialized in pumping unit sales, service, inspections, and repairs all across Canada. We … Read more
Energy Council of Canada 10 minute read COASTAL GASLINK PIPELINE PROJECT SETS NEW STANDARD WITH UNPRECEDENTED INDIGENOUS SUPPORT AND PARTICIPATION Coastal GasLink (CGL) is a 670-kilometre pipeline that will deliver natural gas from northeastern British Columbia to LNG Canada’s export terminal in Kitimat, B.C. As part of Coastal GasLink’s commitment to ensuring Indigenous and local communities … Read more
Wednesday, Sept.16, 2020 Reducing total federal spending by $30 billion, including cuts to MP and senator salaries Tax reductions of $20 billion, including temporary elimination of the small business tax OTTAWA, ON: The Canadian Taxpayers Federation today released a framework for Canada’s economic recovery with recommendations to reduce federal government spending and cut taxes to ensure the … 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 27 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more
Published on September 17, 2020 Summary The recent implementation of the Canada Emergency Response Benefit (CERB) has sparked renewed interest in an old policy idea known as the Guaranteed Annual Income (GAI). There are many variants of the GAI concept. All of them, however, involve using cash transfers from government to ensure a minimum annual … Read more
‘For the next few decades at least, Canadians will continue to use oil. The only question is where it will come from?’ By Mark Milke and Lennie Kaplan Oil ship passing by Old Quebec City. Getty Images photo Canada is one of the world’s top oil producers with the third-largest proven reserve on the planet. Despite that, Canadians may … Read more
By Nathaniel Bullard Sep 17, 2020 (Bloomberg) One of the biggest international oil companies has concluded that oil consumption will peak this decade.That’s the main takeaway from BP Plc’s annual energy outlook published this week outlining a handful of scenarios for the future of global fuel and electricity demand, and it’s a big admission in its own right. Even bigger … Read more
September 17, 2020 Globe Newswire CALGARY, Alberta – Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to announce that following receipt of overwhelming approval at the annual and special meeting of the shareholders of Pipestone Energy held on September 14, 2020 (the “Shareholder Meeting”), it has closed the previously announced financing (the “Financing”) pursuant … Read more
By Sharon Cho and Grant Smith Sep 17, 2020 (Bloomberg) Oil steadied after its biggest surge since June as the OPEC cartel and its partners prepared to assess a downbeat outlook for the crude market.Futures slid 0.1% in New York to trade near $40 a barrel. Earlier, oil joined other commodities and European stocks in moving lower as … Read more
September 16, 2020 Globe Newswire CALGARY, Alberta – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) announces today that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm that provides voting recommendations to shareholders and whose analyses and recommendations are relied upon by many major institutional investors, has recommended that Painted … Read more
September 16, 202o Reuters Marathon Oil Martinez, California Refinery The Trump administration is considering at least $300 million in cash aid to U.S. oil refiners that are denied exemptions to U.S. biofuel blending laws for the 2019 compliance year, two sources familiar with the matter said.Although the administration has yet to rule on the 2019 … Read more
The oil sands aren’t dying – and Canada still needs them to thrive CONTRIBUTED TO THE GLOBE AND MAIL Stewart Muir is executive director of Resource Works based in Vancouver and convened the recent Task Force For Real Jobs, Real Recovery. Back in May, when the federal government published its guidance on which sectors … Read more
Despite ebbing investment, industry turnaround could be in the cards with major projects moving forward By Deborah Jaremko LNG Canada harbour construction in Kitimat, BC, February 22, 2020 Canadian oil production is coming back online after being shut in as a result of the COVID-19 pandemic, but capital spending in the sector has taken a deep … Read more
Canada imported an average of 749,000 barrels of oil daily over 32-year span from Saudi Arabia, Russia and the U.S. among other countries By Lennie Kaplan, Mark Milke and Germain Belzile Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo. To sign up to receive the latest Canadian Energy Centre … Read more
September 16, 2020 PM Reuters Canadian heavy crude’s discount versus West Texas Intermediate (WTI) narrowed on Wednesday, the last day of the monthly trading cycle.Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $7.80 per barrel below WTI, according to NE2 Canada Inc. It settled on Tuesday at $8.05 under. The … Read more
Canada’s offshore industry is in trouble. We need immediate action to ensure one of our most important economic contributors, and job creators doesn’t disappear. Other countries have acted, when will Canada?
September 14, 2020| Source: Precision Drilling Corporation CALGARY, Alberta, Sept. 14, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) announced the release of its 2020 Corporate Responsibility Report, detailing the performance of Precision’s environmental, social and governance (ESG) initiatives. Through equipment and process standardization and scalable application of a robust digital … Read more
By Sharon Cho and Grant Smith Sep 16, 2020 (Bloomberg) Oil extended gains to near $39 a barrel in New York, buoyed by an industry report of a surprise drop in U.S. crude stockpiles and advances in other financial markets.The American Petroleum Institute reported crude stockpiles declined by 9.52 million barrels last week, according to people familiar with … Read more
In the final installment of the Winners, Losers, and Everything In Between series, we address “Planning for Sustainability”. What is sustainability and how does one plan for it? Sustainability relates to 1) reduced usage of water and general carbon, 2) lower greenhouse gas emissions, and 3) enhanced recycling and reuse, both corporately and individually. In … Read more
The world has seen dramatic changes in the last decade through the digitization of almost every aspect of our lives. These transformations have shaped the way we do business and created efficiencies in that we now consider to be the norm. The trucking industry has seen significant digital transformation in recent years with the … Read more
Your Connected Tomorrow Starts Today You are invited to the second annual mCloud Connect! mCloud Connect brings together industry, high-tech, and finance leaders to address the role that digital transformation and new connected technologies will play in operating assets and critical infrastructure in a post COVID-19 world. This interactive event taking place over three half-days … Read more
88 Energy (ASX: 88E | AIM: 88E) last week released a substantial upgrade to the Net Pay encountered on the Charlie-1 appraisal well, drilled earlier this year on the North Slope of Alaska. The dual listed oil junior drilled seven stacked targets with a total gross mean prospective resource of 1.6 billion barrels (480 million … Read more
Evolution utilizes a superior proprietary EM telemetry Gap Sub technology that has proven to be a large differentiator in EM performance. Extensively tested in 2019 and commercially rolled in 2020, this next generation Gap Sub technology is now available as a part of Evolutions standard offering. The new Gap Sub technology is a serviceable design … 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 recent weeks, several high-profile mergers and acquisitions have caught the attention of … Read more
CALGARY — Alberta’s premier says new federal Conservative Leader Erin O’Toole was just stating the obvious when he indicated the Energy East pipeline project was off the table in a conversation with the premier of Quebec.
Jason Kenney says the propose…
PROJECT Suncor Fort Hills Tank Skirt System COMPANIES INVOLVED Secure Energy Services, Suncor, Western Engineered Containment Ltd. (WEC) TANK SKIRT PURPOSES Erosion Control – rain or melting snow can carry earthen material (dirt) from the slopes coming down from tanks to the toe, compromising tank foundation stability. Precidium ™ ECS™ (ECS™) prevents that from happening … Read more
REGINA — Saskatchewan Premier Scott Moe says he wants to hear the federal government pledge its support for the oil and gas industry in next week’s throne speech.
Moe has sent a letter to Prime Minister Justin Trudeau and federal opposition leaders ou…
September 14, 2020 CNW CALGARY, AB – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to provide an update on its operations and 2020 guidance. HIGHLIGHTS The Company is accelerating $60 million of development activities at Karr and Wapiti from 2021 into the second half of 2020. Sales volumes are now expected to average between 62,500 … Read more
September 14, 2020 Business Wire CALGARY, Alberta – Imperial (TSE: IMO, NYSE American: IMO) confirmed today that its Kearl oil sands operation has safely started ramping up production to normal rates following the return to service of a third-party diluent pipeline. The production impact of the outage is still being determined and will be updated at … Read more
CALGARY — Imperial Oil Ltd. says it is ramping up production to normal rates at its Kearl oilsands mining operation in northern Alberta after the return to service of its main diluent supply pipeline.
The Calgary-based company was forced to shut down …
CALGARY — A year after construction was allowed to restart on the Trans Mountain pipeline expansion, it’s chief executive says it is on budget and on schedule for completion by the end of 2022.
In an interview, CEO Ian Anderson says the project is adv…
By Grant Smith and Sharon Cho Sep 15, 2020 (Bloomberg) Oil rose as data showed China’s economic recovery from the coronavirus crisis is gathering strength, offsetting a bleak assessment of demand by another top energy organization.Futures gained 1.2% with below-average trading volumes in New York. Chinese retail sales rose for the first time this year in August while … Read more
Bloomberg News Canada’s largest lenders are warning Prime Minister Justin Trudeau’s government it doesn’t have carte blanche to run massive budget deficits, even though there’s some room for additional spending in the next couple of years. Finance Minister Chrystia Freeland held a call with chief executives from the nation’s biggest banks on Thursday to discuss … Read more
By Grant Smith and Sharon Cho Sep 15, 2020 (Bloomberg) Oil rose as data showed China’s economic recovery from the coronavirus crisis is gathering strength, offsetting a bleak assessment of demand by another top energy organization.Futures gained 1.2% with below-average trading volumes in New York. Chinese retail sales rose for the first time this year in August while … Read more
By Javier Blas Sep 14, 2020 (Bloomberg) For most of the past century, Big Oil executives found it pretty easy to explain to investors how their businesses worked. Just locate more of the commodities that everyone needed, extract and process them as cheaply as possible, and watch the profits flow.That’s all over now. The change has been … Read more
By Liam Denning Sep 14, 2020 (Bloomberg Opinion) The end of summer was like some Hollywood take on the end of the oil age. Except these things actually happened: Exxon Mobil Corp., Big Oil’s unofficial figurehead, was booted from the Dow Industrials after nearly a century in the index; Following a long decline, the energy sector finally … Read more
Calgary, Alberta–(Newsfile Corp. – September 15, 2020) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company“) is pleased to announce that Todd G. Thue has joined Trican in the capacity of Chief Operating Officer. Todd brings more than 30 years of experience in the Canadian well service industry. He previously worked at Canyon … Read more
September 14, 2020 Reuters Canadian heavy crude’s discount versus West Texas Intermediate (WTI) narrowed on Monday with supplies tight.Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $8 per barrel below WTI, according to NE2 Canada Inc. It settled on Friday at $8.10 under. The heavy differential trades at “unsustainably … Read more
September 14, 2020 Reuters Canada’s Inter Pipeline Ltd said on Monday it had restored services to its Polaris pipeline after a leak caused an outage to a part of the system. The oil pipeline operator said the Alberta Energy Regulator approved the installation of a 400-meter bypass pipeline that enables the western portion of Polaris … Read more
September 14, 2020 CALGARY, Alberta – (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) announces that at the annual and special meeting of the shareholders of Pipestone Energy (the “Shareholders”) held today at 2:30 p.m. (Calgary time) in the McMurray Room at the Calgary Petroleum Club, 319 – 5th Avenue S.W., Calgary, Alberta, the … Read more
ST. JOHN’S, N.L. — There’s no way the Newfoundland and Labrador government can afford Husky Energy’s request for a massive oil project buy-in, Premier Andrew Furey said Monday.
“It’s time to start being honest,” he told reporters following the reopeni…
Seventy-Five Percent (75%) Of Canadians Believe That Recovery From COVID-19 Should Incorporate Canada’s Natural Resource Industries While Still Protecting The Environment DOWNLOAD Calgary, AB September 11, 2020 — Canadians believe that recovery from COVID-19 should support Canada’s natural resource industries while still protecting the environment, according to a recent Ipsos poll conducted on behalf of the Business … Read more
We are excited to be exploring opportunities to bring nearly 800 presentations to your computer or mobile device through an interactive platform that will allow for learning, knowledge sharing and even networking! In addition to the platform change, GeoConvention 2020 will be hosted September 21 – September 23 this date change is to avoid the last week of summer … Read more
By Rakteem Katakey Sep 14, 2020 (Bloomberg) BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more.Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday. Even … Read more
By Sharon Cho and Grant Smith Sep 14, 2020 (Bloomberg) Oil declined as companies from BP Plc to Trafigura Group questioned the future of demand growth days before OPEC and its allies meet to assess whether they’re still managing to shore up the market.The rebound has stalled as OPEC+ returns some supply to the market, with … Read more
New survey finds Quebecers would rather produce oil or use Western Canadian crude than continue relying on imports By Grady Semmens Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A tanker is docked at the Ultramar facilities in Levis Que.. THE CANADIAN PRESS An overwhelming majority of Quebec … Read more
CALGARY — Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC.The Calgary-based company says it will now hold a vote by its shareholders…
Monoflanges protect and safely service pressure instrumentation by allowing the operator/maintenance engineer to safely isolate the instrument from the process line and vent any excess pressure in the piping before removing or calibrating the pressure gauge, switch, or transmitter. Monoflanges can also be used in sampling or chemical injection applications & supplied with an integral … Read more
by Stewart Muir – Resource Works Fresh hope for a pandemic playbook for 2021 that will help guide the Canadian energy sector out of today’s doubt and uncertainty. Canada’s most valuable single natural resource asset today is the Athabaska oil sands. Since the identification during World War II as having strategic economic potential, they have … Read more
By Grant Smith Sep 13, 2020 (Bloomberg) It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global oil markets.Instead, the Organization of Petroleum Exporting Countries and its allies will convene online, and reflect on whether the coronavirus has thwarted their best … Read more
September 11, 2020 Globe Newswire CALGARY, Alberta – Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that the previously announced plan of compromise and arrangement (the “Plan”) of the Company, Delphi Energy (Alberta) Limited and Delphi Energy Partnership under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) and the Canada Business Corporations Act was sanctioned today by order … Read more
By Scott DiSavino Sept 11 (Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in four weeks even as a rebound in crude prices from coronavirus lows over the past few months prompted some producers to return to the wellpad. The U.S. oil and gas … Read more
Canada’s drilling rig count remains at 52 active drilling rigs according to data collected by Baker Hughes for the week ending September 11, 2020. From one week ago, Alberta rig counts increased 2 to 30, Saskatchewan rig counts decreased 1 to 7, and British Columbia rig counts decreased 1 to 13. Oil drilling stayed at … Read more
By Vanessa Dezem, Stephen Stapczynski and Naureen Malik (Bloomberg) —Even the cleanest fossil fuel is losing its appeal to rich nations.Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way as … Read more
September 11, 2020 Reuters A wave of consolidation is underway in Canada’s Montney oil and gas region as small companies struggling to weather the impact of coronavirus on the energy industry sell their holdings in what just a few years ago was a booming patch.Lockdowns and sharp contractions in economic activity have hammered global oil demand … Read more
Enoch Cree Nation and partners receive $93-million investment from provincial agency that funds major Indigenous ventures By Gregory John Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Enoch Cree Nation Chief Billy Morin, who is also Treaty 6 Grand Chief, addresses guests at the Cascade Power Plant Project Announcement … Read more
September 11, 2020 CALGARY, AB – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) announces a further extension to the forbearance agreement with its banking syndicate. Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance period until September 30, 2020. Journey and its lending syndicate continue … Read more
September 11, 2020 Canadian heavy crude’s discount versus West Texas Intermediate (WTI) widened on Friday, but stayed at tight levels on supply concerns and strong demand.Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $8 per barrel below WTI, according to NE2 Canada Inc. It settled on Thursday at … Read more
September 11, 2020 Reuters The Canadian government says its plan to require reductions in carbon intensity of fuels will boost the economy as it recovers from the coronavirus pandemic, but oil and chemical companies say they are worried it will boost their costs as they struggle to rebound. Ottawa intends to release plans this autumn to … Read more
OTTAWA — Canada’s fossil-fuel sector is looking to this month’s throne speech for signs the federal government is not throwing in the towel on oil and gas.
At the same time Canadian climate strikers are threatening mass protests if the same speech doe…
Russia, Asia and the U.S. saw energy investment surge over nine-year period while Canada lagged behind By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo. In this CEC Fact Sheet (which can be downloaded here as a pdf), we examine trends in oil and gas … Read more
By Ann Koh and Alex Longley Sep 11, 2020 (Bloomberg) Oil headed for its first back-to-back weekly losses since April’s price rout, driven by a sharp slump in risk sentiment earlier in the week and a patchy demand recovery.Futures in London fluctuated around $40 a barrel on Friday, down about 6% for the week. U.S. crude … Read more
by Sheela Tobben and Javier Blas Sep 11, 2020 (Bloomberg) Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels if necessary.The chartering spree is likely to … Read more
September 10, 2020 Reuters Canadian heavy crude’s discount versus West Texas Intermediate (WTI) eased on Thursday, remaining at tight levels on supply concerns and improving demand.Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $7.45 per barrel below WTI, according to NE2 Canada Inc. It settled on Wednesday at $7.50 … Read more
by Stewart Muir – Resource Works Building backward, not building back better, is the risk of shunning innovation in the four-fifths of global energy that comes from fossil fuels. A recent opinion piece in The Globe and Mail said that “Canada shouldn’t spend to revive a dying dream” – another shot at the country’s largest industry – … Read more
Nina Chestney LONDON (Reuters) – The transformation of the power sector will only get the world one third of the way to a goal of achieving net zero emissions by mid-century, a report by the International Energy Agency (IEA) said on Thursday. Global carbon dioxide (CO2) emissions are expected to fall this year by 8% … Read more
CALGARY — Texas-based Wilks Brothers LLC says it is making formal the $26.1-million takeover bid for Calfrac Well Services Ltd. it proposed last week, while continuing to urge shareholders to reject a management reorganization plan.
The company, which…
CALGARY — Parkland Fuel Corp. plans to expand its Canadian On the Run convenience store brand across the United States after acquiring the licence in most states.
The Calgary-based company says creating a unified North American brand will “harness the…
The new program removes all financial barriers to abating methane emission in pneumatic devices. Carbon offsets make the program profitable for operators. Calgary, Alberta, September 8th 2020 Qnergy Inc. (www.qnergy.com) the world leading clean energy manufacturer of Stirling Engines, announced a new program: Compressed Air as a Service (CAaaS). The CAaaS program will help operators … Read more
You’re reviewing the list of action items your company is working through and can’t believe the sheer number. Some of your facilities have been operating for decades, how can there be so many action items from days, months, or even years ago? The amount of activity driven by PHA findings, audits and incident investigations, site … Read more
If you missed our previous session on this popular topic not to worry we are offering a second webinar for anyone who couldn’t make our previous date. Westech Industrial has teamed up with our partner TMEIC to help you get the most out of your process control products and instrumentation in our latest webinar. Webinar … Read more
Original Story by Resource Works – Visit Resource Works to see more stories One of many things for Ottawa to address as it drafts Canada’s post-pandemic economic recovery: red tape. Red tape – the elaborate and time-eating processes of application, review, public input, hearings, evaluation and (if lucky) final approval of major natural-resource projects in … 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 27 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more
By Ann Koh and Alex Longley Sep 10, 2020 (Bloomberg) Oil fell as industry data pointed to an increase in U.S. crude stockpiles. Futures in New York fell below $38 a barrel after rising 3.5% Wednesday. The American Petroleum Institute reported crude stockpiles climbed by almost 3 million barrels last week, according to people familiar with … Read more
By Theophilos Argitis (Bloomberg) —Canadians are evenly split on whether their government should reduce its Covid-inflated budget deficit, as Justin Trudeau prepares to push the nation deeper into debt. A Bloomberg News survey this month by Nanos Research found 41% of respondents are in favor of continuing with large shortfalls to provide ongoing support to Canadians, … Read more
CALGARY — Enbridge Inc. says it will restart the east segment of Line 5 in the Straits of Mackinac after winning approval from the U.S. Pipeline and Hazardous Materials Safety Administration and the Michigan Circuit Court.
The Calgary-based company sh…
Six First Nations acquire equity stake in $1.5-billion power plant project September 09, 2020 | Source: Alberta Indigenous Opportunities Corporation CALGARY, Alberta, Sept. 09, 2020 (GLOBE NEWSWIRE) — The Alberta Indigenous Opportunities Corporation (AIOC) is pleased to announce that as its first commitment it has provided a loan guarantee to a consortium of six Alberta First Nations … Read more
September 9, 2020 Reuters Canadian heavy crude’s discount versus West Texas Intermediate (WTI) widened slightly on Wednesday from levels that were already narrow, with recent production outages factored into prices.Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $7.50 per barrel below WTI, according to NE2 Canada Inc. It settled … Read more
The Osum Orion Project is a steam-assisted gravity drainage (SAGD) facility located in the Cold Lake oil sands region of Alberta. Between 2016 and 2018 the nameplate capacity for the facility was expanded from 10,000 barrels per day to 20,000 barrels per day through a series of brownfield expansions. The project consists of a central … Read more
(Reuters) – Oilfield job losses from the COVID-19 pandemic topped 100,000 in the United States in August, according to a report released on Tuesday by trade group Petroleum Equipment & Services Association (PESA), even though some idled drilling projects have resumed. There was 121,000 oilfield jobs lost in the last 12 months, the report said, … Read more
Historic transaction is a culmination of eight months of intense effort and will be transformative to six Alberta First Nations communities September 09, 2020 | Source: Backwoods Energy Services EDMONTON, Alberta, Sept. 09, 2020 (GLOBE NEWSWIRE) — Backwoods Energy Services (Backwoods), one of the largest diversified Indigenous-owned businesses in Canada, is pleased to announce the closing of … Read more
By Bryan Cox, President & CEO, Canadian LNG Alliance The Conference Board of Canada says growing the liquefied natural gas (LNG) industry in British Columbia will create 96,550 new jobs, boost employee wages in Canada by over $6 billion, and increase Canada’s Gross Domestic Product (GDP) by $11 billion every year. “Canada’s LNG industry holds potential … Read more
September 9, 2020 Globe Newswire CALGARY, Alberta – Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that, at creditors’ meetings (the “Meetings”) held today, Delphi’s creditors approved the previously announced plan of compromise and arrangement (the “Plan”) of the Company, Delphi Energy (Alberta) Limited and Delphi Energy Partnership under the Companies’ Creditors Arrangement Act (Canada) … Read more
September 9, 2020 Globe Newswire CALGARY, Alberta – PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.06 per common share, payable in cash on October 15, 2020 to shareholders of record on September 30, 2020. This dividend is designated as an … Read more
By Brian Wingfield, Alex Longley and Jack Wittels Sep 9, 2020 (Bloomberg) Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market. China’s buying has slowed after the nation binged when crude was cheap. Some of the largest producers in the Middle East are slashing prices … Read more
September 9, 2020 CNW CALGARY, AB and LANSING – Enbridge (TSX: ENB) (NYSE: ENB) will restart the east segment of Line 5 in the Straits of Mackinac after receiving authorization from the Pipeline and Hazardous Materials Safety Administration (PHMSA) and approval from the Michigan Circuit Court. Vern Yu, Executive Vice President and President of Liquids Pipelines said, “The decision to allow the … Read more
September 9, 2020, Vancouver, B.C. – Building on its commitments to Indigenous communities in B.C., LNG Canada is pleased to announce its support for the Building Brighter Futures: Bursaries, Scholarships, and Awards program provided by Indspire, an Indigenous national charity that invests in the education of First Nations, Inuit and Métis people. LNG Canada will deliver $105,000 … Read more
MESSAGE FROM THE PRESIDENT On August 5th, 2020, Minister Nixon announced that government of Alberta has approved providing $2 million in TIER funds to the PTAC Alberta Upstream Petroleum Research Fund (AUPRF) program. This program will allow Alberta’s oil and gas industry to continue developing cost-effective solutions that accurately detect methane emissions and to foster best practices that … Read more
Now more than ever, advanced technologies will position the oil and natural gas industry as part of Canada’s ‘green’ recovery. By Holly Quan “Collaboration has never been more crucial,” observes Soheil Asgarpour, president, Petroleum Technology Alliance Canada (PTAC). That’s perhaps an understatement. The Canadian natural gas and oil industry is facing an extraordinary confluence of challenges: a COVID-19 … Read more
Calgary-based Freehold Royalties Ltd. says its president and CEO, Thomas Mullane, has resigned effective today, without saying why.
It says chief operating officer David Spyker has been appointed to the role on an interim basis until a permanent CEO i…
ST. JOHN’S, N.L. — Husky Energy Inc. is asking the federal government and the province of Newfoundland and Labrador to make a “direct investment” in its partly completed $2.2-billion West White Rose offshore oil project.
The Calgary-based oil and gas …
By Ann Koh and Alex Longley Sep 9, 2020 (Bloomberg) Oil in London moved back above $40 a barrel, as markets broadly rebounded from Tuesday’s sharp selloff.Futures rose 1.1% after a precipitous slump a day earlier that saw prices settle below $40 for the first time since June 15. While crude rallied along with other risky assets, … Read more
September 08, 2020 | Source: Freehold Royalties Ltd. CALGARY, Alberta, Sept. 08, 2020 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces that Thomas Mullane, President and Chief Executive Officer of the Company, has resigned effective as of today. David Spyker, Chief Operating Officer, has been appointed to the role of Interim President … Read more
Review will prioritize Husky’s balance sheet strength and financial resilience September 09, 2020 | Source: Husky Energy Inc. CALGARY, Alberta, Sept. 09, 2020 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) today announced a review of the West White Rose Project in the Atlantic region. The review follows the suspension of major construction activities in March … Read more
‘I can just see the Russians rubbing their hands, saying this is fantastic.’ By Deborah Jaremko Russian Prime Minister Vladimir Putin attends the opening ceremony of Transneft’s oil-loading port of Kozmino near Nakhodka, Russia. Getty Images photo Ending oil pipeline development in Western countries and moving free-market producers away from fossil fuels altogether is unlikely to … Read more
September 8, 2020 Reuters Canadian heavy crude’s discount versus West Texas Intermediate (WTI) tightened on Tuesday to the narrowest level since mid-July, after major producer Suncor Energy reduced its full-year production guidance, tightening supplies.Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $7.60 per barrel below WTI, according to NE2 … Read more
By Darren York It’s time that we shift our focus away from the doom, the gloom, the fear, and the uncertainty of today’s industry news. Flip to the Comic section for a moment in your mind. In the first panel, picture a distraught teenager feeling alone and in the next panel, that teenager’s astonished face … Read more
Succeeding in oil and gas development comes down to how well and how quickly you can analyze potential opportunities. Once a month, XI Technologies will apply its evaluation tools to a currently available asset to give readers a sense of the opportunities available and how they can be evaluated for A&D purposes. Each week, XI … Read more
by Deidra Garyk Confession – I’m a skeptic when it comes to climate alarmism. I know this isn’t going to get me a seat at the popular kids’ table, and I may even get rotten tomatoes thrown at me in the form of social media insults. However, I can’t blindly believe all the hype and … Read more
Jennifer Hiller HOUSTON (Reuters) – Oil producers in the top U.S. shale fields are stockpiling drilling permits on federal land ahead of the November U.S. presidential election, concerned that a win by Democratic candidate Joe Biden could lead to a clamp-down on oilfield activity. Federal permitting in the largest U.S. oilfield in the Permian Basin, … Read more
September 8, 2020 TheNewswire September 8, 2020 – Vancouver, B.C. – Hillcrest Petroleum Ltd. (the “Company” or “Hillcrest“) (TSXV:HRH) (OTC:HLRTF), announces that the Company anticipates applying to the TSX Venture Exchange (the “TSXV“) to delist its common shares (the “Shares“), and that the Company intends to apply to list its Shares on the Canadian Securities Exchange (the “CSE“). The … Read more
CALGARY — Shares in Suncor Energy Inc. traded sharply lower on Tuesday after it trimmed 2020 production guidance despite restarting its Base Plant oilsands mining operation following a fire in mid-August.
In Toronto, the shares fell by as much as $1.8…
September 8, 2020 CNW Creates a Cardium Champion with enhanced scale and relevance Accretive across all equity metrics resulting in significant per share value appreciation to the benefit of both Obsidian Energy and Bonterra shareholders Stabilize balance sheets, reduce debt and improve access to capital Up to C$100 million expected in identified financial, operational and other synergies over … Read more
(Reuters) – The U.S. power industry would struggle to meet presidential hopeful Joe Biden’s proposed mandate that it become carbon neutral by 2035 without some big breakthroughs in clean energy technology, according to a Reuters analysis of planning documents and a survey of top utilities. The country’s top power producers said rapid advances in nascent … Read more
By Bloomberg News (Bloomberg) Imagine a power plant built next to a coal mine but also operating wind turbines and solar panels. The facility hosts batteries to store electricity when supply is in excess. The main source of power could flip from the fossil fuel to clean energy, depending on weather and price. Spending billions of … Read more
By Ann Koh and Alex Longley Sep 8, 2020 (Bloomberg) Oil fell to its lowest intraday level since July as signs of faltering demand continue to depress prices. Futures in London traded below $42 a barrel after dropping 1.5% on Monday. Only four of 10 Asian refiners surveyed by Bloomberg said they would be trying to … Read more
September 07, 2020 | Source: Suncor Energy Inc multilang-release All financial figures are in Canadian dollars. CALGARY, Alberta, Sept. 07, 2020 (GLOBE NEWSWIRE) — Following the August 14 incident at its Base Plant operations, in light of identified performance improvement opportunities at its Firebag operation, and bringing on the second train of production at Fort Hills, Suncor is … Read more
September 08, 2020 | Source: Zargon Oil & Gas Ltd. CALGARY, Alberta, Sept. 08, 2020 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (the “Company” or “Zargon“) announces that its board of directors has authorized the Company to file a Notice of Intention to Make a Proposal (“Notice of Intention“) to its creditors under the provisions of … Read more
Canada’s oil sands are world leaders in ESG and should play a critical role in the nation’s economic recovery By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta oil sands mine. Photograph courtesy Government of Alberta Recent commentary suggests the outlook for the oil sands industry … Read more
Successful delivery of a project is often front-loaded. Failure to understand unique project site challenges and to engage critical team members on solutions to them can often lead to unnecessary costs and project delays. Desktop Scouting is all about arming your teams with spatial knowledge and advice to understand their project site better in order … Read more
Rod Nickel, Steve Scherer WINNIPEG, Manitoba/OTTAWA (Reuters) – Canada’s main crude-producing province Alberta looks to use hydrogen to fuel expansion of its oil sands without increasing emissions, even as Prime Minister Justin Trudeau promises strong action against climate change, officials with the two governments said. Alberta will announce no later than October a strategy to develop … Read more
OTTAWA — Canadian LNG is the best choice for global energy investors looking for sustainable and competitive natural gas production, Natural Resources Minister Seamus O’Regan said Monday.
His speech on the opening day of the virtual Gastech 2020 confe…
Working with insurance companies to manage risk in high-hazard operating facilities has changed dramatically over the years. The impact of losses is significant and the costs of any loss is carried by industry sector in the form of higher premiums. It takes a whole industry, operating safely, to reduce the rates of the group. … Read more
CRIN Water Technical Stream: Building Connections Within the Water Innovation Ecosystem Technical Stream | In partnership with Konstruct Digital, EnergyNow and Empowering Pumps & Equipment September 16, 2020 | 3 p.m. MDT The water innovation ecosystem is a big and busy space, with participation from entrepreneurs, municipalities, governments, NGOs, academia, and industries including energy, agriculture, … Read more
Looking for a downloadable sample oilfield ticket template? You’ve come to the right place. Here at Aimsio our number one priority is making service companies more efficient, and part of that is ensuring you’re capturing the right data while in the field. To date, our customers have used our software to fill out more than 450,000 … Read more
ST. JOHN’S, N.L. — Newfoundland and Labrador has rolled out new COVID-19 testing rules for people who routinely work outside the province and return on a set schedule.
Janice Fitzgerald, the province’s chief medical officer, said Friday these so-calle…
Canada’s drilling rig count is down 2 active drilling rigs according to data collected by Baker Hughes for the week ending September 4, 2020. From one week ago, Alberta rig counts decreased 2 to 28 and the Saskatchewan rig counts decreased 1 to 8 Oil drilling stayed at 19 and gas decreased 2 to 33. … Read more
by Koleya Karringten In business and in life, timing is everything. However, there are so many forces that will always be outside of our control – and when a new technology is on the verge of commercialization, sometimes it makes sense to push ahead even in an incredibly challenging environment. It might sound crazy, but … Read more
Valoir Research Report, Assessing an SAP-Rimini Street Strategy: This new research is based on interviews with SAP-Rimini Street customers. The information helps SAP customers understand the role of independent, third-party ERP software support. Rimini Street helps customers reset their SAP relationships to better position themselves for the move to S/4HANA. In the report, you’ll learn: … Read more
Montreal-based GHGSat’s sky high vision of emissions reduction boosted by alliance of Alberta oil sands producers By Shawn Logan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Vega VV16 rocket lifts off from the Spaceport in French Guiana, carrying among other satellites GHGSat’s Iris spacecraft. Photograph courtesy Arianespace … Read more
September 4, 2020 Reuters Canadian heavy crude’s discount versus West Texas Intermediate (WTI) narrowed slightly on Friday, as prices were supported by a pipeline leak’s impact on oil production.Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $8.75 per barrel below WTI, according to NE2 Canada Inc. It settled the … Read more
By Jeffrey Bair Sep 4, 2020 (Bloomberg) U.S. drivers can look forward to cheap gasoline heading into Labor Day Weekend, spelling hard times ahead for an oil industry that’s already been clobbered by the coronavirus. Gasoline prices on average this year are $2.22 per gallon, the lowest for this time of year since 2004, according to … Read more
September 4, 2020 Reuters U.S. energy firms this week added oil and natural gas rigs for the second time in the past three weeks as a recovery in oil prices from historic coronavirus-linked lows prompted some drillers to return to the wellpad.The oil and gas rig count, an early indicator of future production, rose two to … Read more
OTTAWA — Environment Minister Jonathan Wilkinson is open to imposing tougher regulations to curb methane emissions from the oil and gas sector if that is required to hit a 2025 target to cut them by almost half, his staff said Friday.
Canada set a goa…
By Saket Sundria and Alex Longley Sep 4, 2020 (Bloomberg)Oil erased earlier losses as the dollar’s decline makes commodities more attractive, but crude was still headed for a weekly drop over demand concerns.Futures in New York rose 0.8% while the greenback gave up gains to trade 0.2% lower. The oil market is still struggling with … Read more
September 3, 2020 CALGARY, AB – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces the extension of our syndicated credit facility to October 31, 2020. The syndicated credit facility has an underlying borrowing base of $550 million and amount available to be drawn of $450 million which remains unchanged. Under the agreement, the … 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 27 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more
September 3, 2020 AM Reuters Goldman Sachs says favourable environment for growth exists for Canadian oil firms even though they are currently out of favour with investors Adds group is currently facing ire of investors due to environmental concerns, pipeline constraints, leverage levels and poor returns on capital However, still sees conducive environment for … Read more
September 3, 2020 Reuters Canadian heavy crude’s discount versus West Texas Intermediate (WTI) narrowed on Thursday the most since mid-July, with production halted from a major oil sands site due to a pipeline leak.Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $8.95 per barrel below WTI, according to NE2 … Read more
An international environmental watchdog says there’s convincing evidence that oilsands tailings ponds are leaking.
The body set up under the original North American free-trade agreement also says Alberta and Canada aren’t working together when it come…
By Robert Tuttle Sep 2, 2020 (Bloomberg) Heavy Canadian crude rose after a spill led to the shutdown of a pipeline that supplies diluent to two major oil-sands sites in Alberta.Following the leak Saturday morning, Inter Pipeline Ltd. shut the west segment of its 240,000-barrel-a-day Polaris system. The diluent Polaris supplies to sites operated by Exxon … Read more
By Vanessa Dezem Sep 1, 2020 (Bloomberg) With the push for hydrogen as a clean source of energy gathering pace in Europe, one of the region’s biggest utilities cautioned that it’ll be another decade before the fuel is profitable.“It will take 10 to 15 years until this business can yield decent results,” Anja-Isabel Dotzenrath, chief executive … Read more
VICTORIA — The COVID-19 pandemic has prompted the British Columbia government to delay implementation of several taxes, including increasing the carbon tax.
The Ministry of Finance says in a statement this year’s planned carbon tax increase from $40 p…
By Saket Sundria and Alex Longley Sep 3, 2020 (Bloomberg) Oil fell further in New York after the deepest drop since July as concerns mount over OPEC supply and fuel demand.Iraq, a regular laggard in the output curb deal between OPEC and its allies, may seek a two-month extension to implement its compensatory cuts, indicating it won’t be … Read more
— Published on September 1, 2020 Summary The Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from 1961 to 2019. Including all types of taxes, that bill has increased by 2,226% since 1961. Taxes have grown much more rapidly than any other single expenditure for the average Canadian family: … Read more
September 2, 2020 – Exactly three weeks from a scheduled re-opening of Parliament with a Speech from the Throne that may ultimately trigger a fall election, the latest public opinion data from the non-profit Angus Reid Institute finds the Liberal and Conservative Parties of Canada in a tie, with 35 per cent of decided voters each … Read more
CALGARY — The partial shutdown of a diluent supply pipeline following a spill near Fort McMurray has halted production at the Kearl oilsands mining operation in northern Alberta, operator Imperial Oil Ltd. said Wednesday.
Analysts say the anticipated …
By Saket Sundria and Alex Longley Sep 2, 2020 (Bloomberg) Oil rose on signs a glut was easing with U.S. crude stockpiles shrinking for a sixth week.The American Petroleum Institute reported crude inventories dropped by 6.36 million barrels last week, according to people familiar with the figures. That would be the longest run of declines this … Read more
Project completion enhances free cash flow September 02, 2020 | Source: Husky Energy Inc. CALGARY, Alberta, Sept. 02, 2020 (GLOBE NEWSWIRE) — Husky (TSX: HSE) has achieved first oil at the Spruce Lake Central thermal project in Saskatchewan and is moving towards startup of the Liuhua 29-1 field at the Liwan Gas Project. Spruce Lake Central, … Read more
September 1, 2020 Reuters Two natural gas pipelines that connect offshore U.S. Gulf of Mexico production platforms resumed operation on Tuesday, Enbridge Inc said, after hurricane-related shutdowns last week.Energy companies continued to restart offshore operations after completing damage assessments following Hurricane Laura, which tore through the Gulf of Mexico with up to 150 mile per hour … Read more
September 1, 2020 CNW No change to net acreage, production, proved reserves or 2020-21 scenarios DENVER – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that its subsidiary, Ovintiv Canada ULC, has closed an agreement with PetroChina Canada Ltd. (PCC) to terminate the parties’ joint venture and transfer the ownership and operation of certain Duvernay shale assets in west-central Alberta. … Read more
September 1, 2020 Canadian heavy crude’s discount versus West Texas Intermediate (WTI) narrowed on Tuesday, the first day of the monthly trading cycle.Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta, traded at $9.85 per barrel below WTI, according to NE2 Canada Inc. It settled the previous day at $10.60 under. … Read more
CALGARY — Keyera Corp. says president and chief commercial officer Dean Setoguchi will become its next chief executive after David Smith retires from the job at the end of the year.
The natural gas pipeline and processing company says Setoguchi will t…
CALGARY — Operator Inter Pipeline Ltd. says it has partially shut down its Polaris pipeline system following a leak detected on Crown recreational land just east of the Fort McMurray airport in northern Alberta.
According to the Alberta Energy Regulat…
CALGARY — PetroChina Canada Inc. says it will be hiring engineers and technical specialists as it creates a new operating team after the end of an eight-year partnership in an Alberta oilfield.
PetroChina and Ovintiv Inc. — formerly known as Encana Co…
CALGARY — Wilks Brothers LLC says it will make a takeover offer for Calfrac Well Services Ltd. if shareholders reject the company’s recapitalization plan.
The Texas-based competitor, which already owns a roughly 20 per cent stake in Calfrac, says it w…
The Challenge: Connacher Oil and Gas Limited Great Divide oil sands project is a 20,000bbl/d SAGD facility located in the South Athabasca region in northern Alberta. Scovan completed the Great Divide Pod 1 Pad 104 infill well additions project from concept, detailed design to construction. The project included: three (3) infill well additions, local heat … Read more
CFR Chemicals Inc. is pleased to announce that we have enhanced our service to existing and future customers in North Eastern Alberta. CFR Chemicals Inc. has entered into a partnership agreement with Xtreme Oilfield Technology Ltd. in Conklin, AB. to provide bulk and packaged chemical products for regional Oilfield, Industrial and Manufacturing needs. Both companies … Read more
Many owner operators in the oil/gas and petrochemical industry know infrared (IR) thermography is a pillar of any robust inspection program. At Becht Fired Heater Services we couple heater experts with advanced IR thermography to not just inspect tubes but to help our clients optimize operation. One routine challenge is taking IR thermography data and … Read more
A key process of the gasoline production is the catalytic reforming of heavy naphtha. The main purpose of catalytic reforming is the transformation of low octane hydrocarbons to high-octane hydrocarbons. A high octane number is desired in fuels for gasoline engines with high compression rates. During the normal Otto cycle the gasoline-air mixture is compressed … Read more
LAVAL, Que. — Alimentation Couche-Tard says its net profit surged 44 per cent in its latest quarter despite a big drop in fuel sales at its convenience stores because of COVID-19.
The Quebec-based retailer that operates the Circle K brand says it earn…
August 31, 20207:47 PM CNW CALGARY, AB – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) announces it has received approval from its syndicate of lenders to extend the revolving period applicable to the Company’s existing credit facility to September 30, 2020 from August 31, 2020. The credit facility will continue to be available on a revolving basis until … Read more
September 1, 2020 CNW CALGARY, AB – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) and (NYSE: CPG) is pleased to announce reactivation of economic volumes previously shut-in and provide revised 2020 guidance along with a preliminary outlook for 2021. KEY HIGHLIGHTS Reactivated shut-in volumes, resulting in second half 2020 production increasing by approximately … Read more
By Saket Sundria and Alex Longley Sep 1, 2020 (Bloomberg) Oil rose to trade near $43 a barrel in New York, buoyed by a weaker dollar and better-than-expected economic data from China.Futures added 1% after the dollar extended losses to the lowest level since May 2018, making commodities priced in the currency more appealing. In China, a … Read more
Supercharging Technology and Scale in North American Pressure Pumping September 01, 2020 DENVER & HOUSTON–(BUSINESS WIRE)–Liberty Oilfield Services Inc. (NYSE: LBRT) and Schlumberger (NYSE: SLB) announced today an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (“OneStim®”), including its pressure pumping, pumpdown perforating, and Permian frac sand … Read more
CALGARY — Crescent Point Energy Corp. raised its production guidance for the year as it said it restarted production that was shut in when energy prices crashed due to the pandemic.
The company says annual average production guidance is now forecast t…
CALGARY — Calfrac Well Services Ltd. says a U.S. court has sided with the company in its fight with Texas-based Wilks Brothers LLC as it seeks to complete its recapitalization plan.
The Calgary-based company says the U.S. court ruling to recognize its…
We want to say a big thank you to everyone who has and who continues to support our newest branch in Edmonton, Alberta! It has been one year since we opened our doors and it would not have been possible without our amazing customers and hardworking team. “Year one has passed by quickly as a … Read more
Calima Energy Limited’s (ASX: CE1) share price has more than doubled in the last month. However, based on developments within the group, merger and acquisition activity adjacent to its assets, improving gas prices and the valuation of the group’s infrastructure, the company looks outstanding value relative to its conservative market capitalisation of less than $20 … Read more
August 31, 2020 | Source: Delphi Energy Corporation CALGARY, Alberta, Aug. 31, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that it has filed its interim financial statements and related management’s discussion and analysis for the three and six months ended June 30, 2020 with the Canadian securities regulatory authorities on SEDAR. About Delphi Energy Corp. … Read more
CALGARY — Whitecap Resources Inc. says it has struck an all-stock deal to buy private oil and gas producer NAL Resources Ltd. for the equivalent of about $155 million.
The Calgary-based company says it will issue 58.3 million shares to buy its crossto…
August 31, 2020 | Source: Cardinal Energy Ltd. CALGARY, Alberta, Aug. 31, 2020 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal“) (TSX: CJ) has received approval to extend the revolving period applicable to the Company’s existing reserves-based credit facility to September 30, 2020. The credit facility continues to be available, on a revolving basis, until that date. … Read more
August 31, 2020 Reuters Gulf offshore drilling operation Catastrophic damage to power lines and communications outages on Monday weighed on U.S. Gulf Coast refineries’ post-Hurricane Laura assessments and on offshore oil and gas production.Energy companies continued to inspect and restart offshore operations while onshore repairs were hampered by power outages. In Lake Charles, Louisiana, near where … Read more
August 31, 20201 CALGARY, Alberta – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) today confirms the execution of an agreement (the “Extension Agreement”) with the Corporation’s syndicate of lenders to extend Painted Pony’s annual borrowing base redetermination date from August 31, 2020 to the earlier of either October 31, 2020 or the … Read more
August 31, 2020 CALGARY, Alberta – Gibson announced today that Ms. Peggy Montana will join the Company’s Board of Directors effective August 31, 2020. “We are very pleased to have Peggy Montana join Gibson’s Board of Directors,” said James Estey, Chairman of Gibson. “Through her significant experience in various board and senior executive roles within … Read more
Noah Zivitz, Managing Editor, BNN Bloomberg Obsidian Energy Ltd. went public early Monday with a non-binding offer to buy Bonterra Energy Corp., while warning that only a “vastly inferior” option exists as the firms struggle to maintain market confidence. Obsidian interim president and chief executive Stephen Loukas said in a publicly-released letter to Bonterra chairman, president … Read more
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada