10 - 2020 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Journey Energy Inc. Completes Debt Restructuring

October 31, 2020 by EnergyNow Media

Oct 30, 2020 CALGARY, AB, Oct. 30, 2020 /CNW/ – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) is very pleased to announce the closing of an agreement for the settlement of its syndicated bank borrowings. Journey has secured a $38 million term-debt facility from its major shareholder, Alberta Investment Management Corporation (“AIMCo“), to fund the settlement … Read more

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Saturn Oil & Gas Inc. Announces Management Change

October 31, 2020 by EnergyNow Media

October 30, 2020 | Source: Saturn Oil + Gas Inc CALGARY, Alberta, Oct. 30, 2020 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) announces that Mr. Geoff Jones has resigned effective October 31, 2020 to pursue other interests. Mr. Jones had served as Saturn’s CFO and Corporate Secretary … Read more

Cardinal Energy Ltd. Announces Extension of Revolving Credit Facility

October 31, 2020 by EnergyNow Media

October 30, 2020 | Source: Cardinal Energy Ltd. CALGARY, Alberta, Oct. 30, 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 November 30, 2020. The credit facility continues to be available, on a revolving basis, until that date. In … Read more

Toscana Energy and i3 Energy Complete Arrangement

October 31, 2020 by EnergyNow Media

October 30, 2020 | Source: Toscana Energy Income Corporation CALGARY, Alberta, Oct. 30, 2020 (GLOBE NEWSWIRE) — i3 Energy plc (i3 Energy) (AIM: I3E) and Toscana Energy Income Corporation (Toscana or the Company) (TSX: TEI) are pleased to announce that the previously announced transaction (Transaction) pursuant to which i3 Energy will acquire all of the issued and outstanding shares … Read more

Coronavirus, consolidation taking toll on North American energy jobs

October 31, 2020October 31, 2020 by EnergyNow Media

HOUSTON (Reuters) – Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand. Exxon Mobil Corp XOM.N said it will cut its workforce by 15%, or about 14,000 people, along with oil majors Chevron Corp CVX.N and Royal Dutch Shell Plc RDSa.L. … Read more

Canadian Market Partnership for Next Generation Evaporative Technology – A Step-Change in Wastewater Desalination 

August 23, 2023October 31, 2020 by EnergyNow Media

Integrated Sustainability and CCR Feature Image 400x270

Frisco, TX, USA & Calgary, AB, Canada – October 28th, 2020 – Crystal Clearwater Resources, LLC (“CCR”) and Integrated Sustainability (“IS”) are pleased to announce they have entered into an exclusive partnership agreement for Canada. In the agreement, CCR grants IS an exclusive sub-license under Thermal Purification Technologies North America (“TPTecNA”) patents related to their … Read more

Alberta, Saudi firm in talks on petrochemical plant: report

October 31, 2020October 31, 2020 by EnergyNow Media

By Reuters Staff WINNIPEG, Manitoba (Reuters) – Alberta’s government is in talks with a private Saudi company to open a C$5-billion to C$10-billion ($3.8 billion-$7.6 billion) petrochemical plant in Canada’s main oil and gas producing province, the Globe and Mail newspaper reported on Friday. Alberta is offering incentives for developers to build more petrochemical plants … Read more

Advantage Announces Third Quarter 2020 Financial and Operating Results and 2021 Budget

October 30, 2020 by EnergyNow Media

Oct 29, 2020 (TSX: AAV) CALGARY, AB, Oct. 29, 2020 /CNW Telbec/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to report solid third quarter 2020 financial and operating results and announce its 2021 capital program. Production, operating costs and adjusted funds flow met or exceeded expectations, despite the volatile macroeconomic environment. Advantage’s strong foundations … Read more

Exxon, Chevron to cut US jobs as oil industry struggles

October 30, 2020October 30, 2020 by The Canadian Press

NEW YORK — Exxon Mobil is slashing 1,900 jobs from its U.S. workforce and mulling cuts to its Canadian operations, while Chevron plans to cut a quarter of the employees at its recently acquired Noble Energy as the pandemic saps demand for fuel.
Exxon …

Biden Win Would Offer Path to Kill Pipeline That Hollywood Hates

October 30, 2020 by EnergyNow Media

Oct 30, 2020 (Bloomberg) Days after taking office, President Donald Trump cleared the way for construction of an oil pipeline in the Midwest that had been the focus of months of opposition by climate activists, celebrities and Native Americans.Now opponents of the Dakota Access Pipeline are pressuring Joe Biden to take the extraordinary step of returning … Read more

World Oil Set for Biggest Monthly Drop Since March as Virus Curbs Grow

October 30, 2020 by EnergyNow Media

By Alex Longley Oct 30, 2020 (Bloomberg) Oil is heading for its largest monthly decline since March as a resurgent pandemic forces tighter restrictions, crimping demand for auto and aviation fuel.Futures fell 0.5% in New York on Friday and have slumped almost 11% this month. Infections surged to a record in the U.S. Midwest, while parts of Europe clamped … Read more

Yangarra Announces 2020 Third Quarter Financial and Operating Results

October 30, 2020 by EnergyNow Media

Oct 29, 2020 CALGARY, AB, Oct. 29, 2020 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX: YGR) announces its financial and operating results for the three and nine months ended September 30, 2020. Third Quarter Highlights Average production of 8,409 boe/d (46% liquids) during the quarter, a 34% decrease from the same period in 2019 Oil and gas sales were $18.9 … Read more

Canada Energy Regulator recommends Cabinet approve TQM application to operate pipeline in Québec

October 30, 2020 by EnergyNow Media

Oct 29, 2020 CALGARY, AB, Oct. 29, 2020 /CNW/ – The Commission of the Canada Energy Regulator (Commission, CER) has conditionally approved an application from Trans-Québec & Maritimes Pipeline (TQM) to purchase 64 kilometres of pipeline and related components in southern Québec. The Commission is recommending that federal Cabinet direct the CER to issue a Certificate of … Read more

Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage

October 30, 2020October 30, 2020 by The Canadian Press

CALGARY — Surging production from its Kearl oilsands mine after an unplanned two-week outage, along with a better-than-targeted drop in capital and operational spending, helped Imperial Oil Ltd. beat expectations with a small profit in the third quart…

Minister O’Regan Launches $750-Million Fund for Oil and Gas Companies to Reduce Methane Emissions

October 30, 2020October 30, 2020 by EnergyNow Media

OTTAWA, ON, Oct. 29, 2020 /CNW/ – Canada is committed to achieving net zero by 2050 and exceeding our Paris Agreement targets by 2030. Methane is one of the most potent greenhouse gas (GHG) emissions, accounting for 43 percent of all GHGs in the oil and gas sector, which is why reducing methane emissions is a significant part of … Read more

PSAC: Another bleak year forecast for Canadian oilfield services sector PSAC Forecasts Only 2,600 Wells Drilled in 2021

October 30, 2020October 30, 2020 by EnergyNow Media

CALGARY, AB (October 29, 2020) – Today, the Petroleum Services Association of Canada (PSAC) released its 2021 Canadian Oilfield Services Activity Forecast. PSAC expects a total of 2,600 wells (rig releases) to be drilled in Canada in 2021. For 2020, the Association’s final revised forecast predicts a yearly total of 2,850 wells. PSAC bases its 2021 forecast on average … Read more

Cenovus Energy CEO ‘not worried’ about Husky deal approval as results disappoint

October 29, 2020 by EnergyNow Media

By Arunima Kumar, Rod Nickel (Reuters) – The chief executive of Cenovus Energy said he is confident shareholders will approve its acquisition of rival Husky Energy, despite big quarterly losses and a stock sell-off. Cenovus CVE.TO and Husky HSE.TO lost more money than analysts expected and took impairment hits in the third quarter, the companies said on Thursday, adding concerns … Read more

‘Bleak’ drilling forecast calls for even fewer Canadian oil and gas wells in 2021

October 29, 2020October 29, 2020 by The Canadian Press

CALGARY — The Petroleum Services Association of Canada says it expects another “bleak” year for Canadian oil and gas drilling in 2021.
It says it expects a total of 2,600 wells will be drilled in Canada next year, down from its expected total of 2,850…

Crescent Point Announces Q3 2020 Results

October 29, 2020 by EnergyNow Media

Oct 29, 2020 CALGARY, AB, Oct. 29, 2020 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2020. KEY HIGHLIGHTS Generated approximately $120 million of excess cash flow during third quarter, demonstrating continued capital discipline. Significantly reduced net debt by … Read more

AltaGas Announces Third Quarter Results

October 29, 2020 by EnergyNow Media

AltaGas delivers strong third quarter results, reiterates 2020 guidance and remains focused on executing long-term strategic plan. CALGARY, AB, Oct. 29, 2020 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) today reported third quarter 2020 financial results and provided an update on the Company’s operations and outlook, including COVID-19 considerations. HIGHLIGHTS (all financial figures are unaudited and in … Read more

Whitecap Resources Inc. Announces Third Quarter 2020 Results and Continues to Pay Resilient Dividend in an Improving Price Environment

October 29, 2020 by EnergyNow Media

Oct 29, 2020 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited consolidated financial results for the three and nine months ended September 30, 2020. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related Management’s … Read more

Shell shareholders get reward as oil giant returns to profit

October 29, 2020October 29, 2020 by The Canadian Press

LONDON — Royal Dutch Shell increased its dividend payout to shareholders following a better-than-expected third quarter of the year, months after cutting it for the first time since World War II.
The oil giant, which is trying to transform itself into…

Suncor says end of Alberta oil quotas a “positive signal” as it reports $302M loss

October 29, 2020October 29, 2020 by The Canadian Press

CALGARY — The CEO of Suncor Energy Inc. says the Alberta government’s decision to end its oil production curtailment program in December after almost two years is “a very positive signal” for the oilsands and refining giant.
On a conference call, Mark…

Ovintiv Reports Strong Third Quarter 2020 Financial and Operating Results

October 29, 2020 by EnergyNow Media

Oct 28, 2020 Results strengthen outlook for 2021 Scenario Consistent framework provided for future capital allocation and debt reduction Highlights: Posted $47 million of non-GAAP free cash flow and reduced net debt by $217 million during the third quarter, reaffirmed pledge that all excess cash flows will go toward debt reduction Reported third quarter cash from operating activities of $493 … Read more

Cenovus delivers strong third-quarter operating results

October 29, 2020 by EnergyNow Media

Company generates free funds flow, reduces net debt October 29, 2020| Source: Cenovus Energy Inc Steam generators at Cenovus’s Foster Creek project in northern Alberta Steam generators at Cenovus’s Foster Creek project in northern Alberta. The project uses a process called steam-assisted gravity drainage (SAGD) to produce oil, which involves drilling into the reservoir and injecting … Read more

Oil Falls to Four-Month Low as Renewed Lockdowns Menace Demand

October 29, 2020 by EnergyNow Media

By Alex Longley Oct 29, 2020 (Bloomberg) Oil fell to a four-month low, deepening Wednesday’s slump as lockdown restrictions grow in Europe.Futures in London lost 3.9%, declining as the dollar reversed an earlier loss to trade higher. Germany and France, the European Union’s two biggest economies, will clamp down on movement for at least a month to … Read more

Repsol Targets Canadian Oil for Any Venezuela, Mexico Shortfall

October 29, 2020 by EnergyNow Media

By Lucia Kassai Oct 29, 2020 (Bloomberg) Another major refiner is looking to snap up Canadian crude due to the threat of more U.S. sanctions against Venezuela and the possibility that Mexico will offer less favorable terms when it comes to agreeing exports for next year.Repsol SA is in talks with trading houses and producers for … Read more

TC Energy Awards More Than $1.6 billion in American Contracts to Build Keystone XL, Project to Create Over 8,000 Union Jobs in 2021

October 29, 2020 by EnergyNow Media

October 28, 2020 | Source: TC Energy Corporation HOUSTON, Oct. 28, 2020 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) has awarded more than US$1.6 billion worth of contracts to six major American union contractors to execute pipeline construction across 800 miles in three states in the U.S. on the Keystone XL … Read more

Contract worker killed at Canada’s Trans Mountain Expansion Project site

October 29, 2020October 29, 2020 by EnergyNow Media

By Reuters Staff (Reuters) – A contract worker was fatally injured at a construction site that is part of the government-owned Trans Mountain Expansion Project in Edmonton, Alberta on Oct. 27, the Canada Energy Regulator (CER) said. Work at the site has been halted and two CER safety specialists are overseeing Trans Mountain’s investigation of … Read more

TC Energy reports third-quarter profit up from year ago, revenue up

October 29, 2020October 29, 2020 by The Canadian Press

CALGARY — TC Energy Corp. reported its third-quarter profit rose compared with a year ago as its revenue edged higher.
The Calgary-based pipeline company says its profit attributable to common shares amounted to $904 million or 96 cents per share for …

TC Energy reports robust third quarter financial results

October 29, 2020 by EnergyNow Media

Continues to advance $37 billion secured capital program October 29, 2020 | Source: TC Energy Corporation CALGARY, Alberta, Oct. 29, 2020 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for third quarter 2020 of $904 million or $0.96 per share compared to … Read more

Husky Energy Reports Third Quarter 2020 Results

October 29, 2020 by EnergyNow Media

October 29, 2020| Source: Husky Energy Inc. This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “operating margin”, and “net debt to trailing funds from operations”. Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta, Oct. 29, 2020 (GLOBE NEWSWIRE) — Husky Energy (TSX: HSE) … Read more

Inquiry into Alberta oil and gas critics extended to Jan. 31, with no new money

October 29, 2020October 29, 2020 by The Canadian Press

EDMONTON — A public inquiry into who is funding environmental opposition to Alberta’s oil and gas industry has been granted an extension until the end of January.
Alberta’s United Conservative government contends foreign interests have long been bankr…

Husky Energy hit by non-cash impairment charges, reports $7-billion loss in Q3

October 29, 2020October 29, 2020 by The Canadian Press

CALGARY — Husky Energy Inc. reported a nearly $7.1-billion loss in its latest quarter as it was hit by $6.7 billion in non-cash impairment charges after taxes related to lower long-term commodity price assumptions and reduced capital investment.
The …

Schachter’s Eye on Energy: Large US inventory build pummels crude price 6% on Wednesday. WTI down nearly US$5/b over the last week.

October 29, 2020 by EnergyNow Media

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 27 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more

Cenovus Energy takes $450M charge on Texas refinery, reports $194M Q3 loss

October 29, 2020October 29, 2020 by The Canadian Press

CALGARY — Cenovus Energy Inc. reported a loss in its third quarter as its results were hit by a $450-million impairment charge related to a refinery it co-owns with Phillips 66 in Texas and lower oil prices due to the pandemic.
The Calgary-based compa…

WATCH: Advanced Work Packaging Software Solutions Demo Video

October 29, 2020October 29, 2020 by EnergyNow Media

By Vista Projects In this video, Scott Mussbacher, Systems Integration Lead with Vista Projects, demonstrates how we use an integrated digital solution to execute advanced work packaging (AWP) strategies for clients. This integrated software solution in this video showcases Vista’s implementation of AVEVA Asset Information Management (AVEVA AIM) and a variety of internally developed project … Read more

BE INFORMED: What is the Clean Fuel Standard and How Will it Affect Consumers & Business? (Part 1) – Deidra Garyk

November 10, 2020October 29, 2020 by EnergyNow Media

by Deidra Garyk The Clean Fuel Standard (CFS) is an ambitious new piece of Canadian legislation that will be implemented in 2022 that aims to reduce carbon emissions by 2030 by 30 million tonnes, an amount equal to taking seven million cars off the road, as estimated by Clean Energy Canada, a group endorsing the … Read more

Husky pipeline spills 900,000 litres of produced water in northwestern Alberta

October 29, 2020October 29, 2020 by The Canadian Press

RAINBOW LAKE, Alta. — Husky Energy says 900,000 litres of produced water spilled from one of its pipelines in northwestern Alberta.
Produced water is a byproduct of oil and gas extraction and sometimes contains residual petroleum and chemicals.
The C…

Suncor Energy misses expectations with $302M loss on lower production, prices

October 29, 2020October 28, 2020 by The Canadian Press

CALGARY — Suncor Energy Inc. is reporting a third-quarter operating loss of $302 million or 20 cents per share as revenue fell 34 per cent to $6.5 billion due to lower production and oil prices compared with the same period of 2019.
The Calgary-based …

Toscana Energy Announces Receipt of Securityholder Approval and Final Court Order Approving the Transaction With i3 Energy plc

October 28, 2020 by EnergyNow Media

October 27, 2020 | Source: Toscana Energy Income Corporation CALGARY, Alberta, Oct. 27, 2020 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (Toscana or the Company) (TSX: TEI) announced that it has obtained a final order from the Court of Queen’s Bench of Alberta approving the acquisition of Toscana by i3 Energy plc (i3 Energy) pursuant to an arrangement (the Arrangement) under … Read more

Oil plunges over 4% as pandemic surges, U.S. crude stockpiles, output soar

October 28, 2020October 28, 2020 by EnergyNow Media

By Scott DiSavino NEW YORK (Reuters) – Oil prices fell over 4% to a three-week low on Wednesday as surging coronavirus infections in the United States and Europe are leading to renewed lockdowns, fanning fears that the unsteady economic recovery will deteriorate. Brent futures fell $1.82, or 4.4%, to $39.38 a barrel by 12:04 p.m. … Read more

MEG Energy CEO deflects takeover speculation as oilsands company reports Q3 loss

October 28, 2020 by The Canadian Press

CALGARY — The CEO of MEG Energy Corp. says it’s business as usual for the oilsands producer despite speculation it could be a takeover target in the wake of the $3.8-billion buyout of Husky Energy Inc. announced by Cenovus Energy Inc. on Sunday.
Derek…

Deal With Li Ka-shing’s Husky Gives Canadian Oil Giant a Biden Hedge

October 28, 2020October 28, 2020 by EnergyNow Media

By Robert Tuttle Oct 25, 2020 (Bloomberg) Cenovus Energy Inc. is getting more than just a rival Canadian oil producer with its acquisition of Husky Energy Inc. It’s also shoring up its defenses against an anti-oil sands movement that could get a boost if Joe Biden is elected as the next president of the U.S.Calgary-based Cenovus … Read more

Civil, respectful but still tough: Canada-U.S. trade under a Biden presidency

October 28, 2020October 28, 2020 by The Canadian Press

OTTAWA — Canada coped with nearly four years of Donald Trump rewriting or shredding the international trade rule book. But Canadian hope of a rosy return to rules-based bonhomie with its top trading partner under a Joe Biden presidency might be premat…

XI Technologies: Spotlight on reclamations from the Orphan Well Association

October 28, 2020 by EnergyNow Media

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. Over the past month, we’ve been highlighting the reclamation work done in Western … Read more

Petronim Projects: Is your company ready for the Hydrogen Revolution?

October 28, 2020 by EnergyNow Media

There is a big push globally to create cleaner energy with less CO2 emissions and lower carbon intensity. Blue Hydrogen is created by removing the hydrogen molecules from methane leaving behind C02 which can be safely sequestered, preventing emissions from burning natural gas. This Hydrogen can be stored in Salt Caverns until it is needed. … Read more

Efficient Execution of Small Projects in Tough Times – Acero Engineering

October 28, 2020 by EnergyNow Media

By: Calvin Schoeman and Mark Kuppe In these trying economic times it has become a corporate life-or-death imperative to execute projects quickly, efficiently and cost-effectively. Over the past fifteen years, Acero has developed a reputation for completing projects quickly and on budget while maintaining high quality. As the old adage goes… ‘In any given project … Read more

Suncor Energy relocating its PetroCanada head office to Calgary from Ontario

October 28, 2020October 28, 2020 by The Canadian Press

CALGARY — Suncor Energy Inc. is moving its PetroCanada head office to Calgary from two offices in Ontario next year, affecting about 700 workers.
A company spokesman says the shift is part of efforts by the oilsands and retail fuel giant to remain com…

Cenovus targets 20 to 25 per cent workforce reductions following Husky takeover

October 28, 2020October 28, 2020 by The Canadian Press

CALGARY — Cenovus Energy Inc. is aiming to cut as many as one in four jobs — potentially more than 2,000 workers — if it succeeds in its $3.8-billion friendly takeover of rival Husky Energy Inc.
In an email, Cenovus spokesman Reg Curren says it aims …

Factbox: How a Biden presidency would transform the U.S. energy landscape

October 27, 2020 by EnergyNow Media

(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

BP reports 3Q earnings plunge amid falling demand

October 27, 2020October 27, 2020 by The Canadian Press

LONDON — BP plc says third-quarter earnings plunged 96% as the COVID-19 pandemic reduced energy prices and demand.
The London-based oil company said Tuesday that profits, excluding one-time items and changes in the value of inventories, dropped to $86…

Green Power to Draw $11 Trillion Investment by 2050: BNEF

October 27, 2020 by EnergyNow Media

By William Mathis and Jeremy Hodges Oct 27, 2020 (Bloomberg) Green power is set to draw around $11 trillion of investment in the coming decades as the cost of renewables plummets and more of the world’s energy comes from electricity. That’s the latest analysis from BloombergNEF in its annual New Energy Outlook report. It’s further evidence … Read more

Keystone XL Faces Biden Risk After Covid Made Project Less Crucial

October 27, 2020 by EnergyNow Media

By Robert Tuttle and Michael Bellusci Oct 27, 2020 (Bloomberg) Barack Obama tried to stop the Keystone XL pipeline. Donald Trump tried to revive it. If Joe Biden is elected, he says he’ll block it again — and the pandemic may help him kill the project for good.Biden has pledged to rescind a key permit granted by … Read more

Li Ka-shing Cuts Husky Risk With $US 2.9 Billion Cenovus Deal

October 27, 2020 by EnergyNow Media

By Shirley Zhao Oct 27, 2020 (Bloomberg) Li Ka-shing, Hong Kong’s richest man, is unwinding a bet he placed on oil more than three decades ago by paring his group’s stake in Husky Energy Inc., a Canadian asset dealing with mounting losses.The tycoon’s CK Hutchison Holdings Ltd. and a Li family trust, which together own almost … Read more

Oil Edges Higher Near $39 With Dollar Slipping and Storm Brewing

October 27, 2020 by EnergyNow Media

By Alex Longley and Laura Hurst Oct 27, 2020 (Bloomberg) Oil clawed back some losses in New York as Tropical Storm Zeta shut in production in the Gulf of Mexico and the dollar weakened.Futures rose 0.6% after tumbling below $39 a barrel on Monday. The greenback fell 0.2%, boosting the appeal of commodities priced in the … Read more

Canadian energy deal creates Midwestern refining giant amid uncertain demand

October 27, 2020October 27, 2020 by EnergyNow Media

By Laura Sanicola (Reuters) – The merger of Canadian oil companies Cenovus Energy and Husky Energy will create a formidable refining presence in the Midwestern United States, but it comes at a time when weak demand has left that market oversupplied, squeezing margins. Pandemic travel restrictions have hurt fuel demand and spurred companies to cut … Read more

Norway’s oil and gas exploration drops sharply, regulator says

October 27, 2020 by EnergyNow Media

By Nerijus Adomaitis OSLO (Reuters) – Oil firms are expected to drill just 30 exploration wells off the coast of Norway this year, the lowest level in 14 years as companies seek to manage spending amid a pandemic, the Norwegian Petroleum Directorate (NPD) said on Tuesday. The search for new oil and gas reserves has … Read more

MEG Energy announces third quarter results including successful completion of major plant turnaround, increased production guidance and further cost reductions

October 27, 2020 by EnergyNow Media

Oct 26, 2020 All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted CALGARY, AB, Oct. 26, 2020 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Corporation”) reported its third quarter of 2020 operational and financial results. MEG continues to proactively respond to … Read more

Highwood Oil Company Ltd. Announces Review of Strategic Alternatives to Enhance Shareholder Value and Provides Operational Update

October 27, 2020 by EnergyNow Media

Oct 26, 2020 CALGARY, AB, Oct. 26, 2020 /CNW/ – Highwood Oil Company Ltd. (“Highwood” or the “Company”) (TSXV: HOCL) today announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of enhancing shareholder value. Strategic Review Strategic and financial alternatives … Read more

PrairieSky Announces 2020 Third Quarter Results

October 27, 2020 by EnergyNow Media

October 26, 2020 | Source: PrairieSky Royalty Ltd. CALGARY, Alberta, Oct. 26, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its third quarter (“Q3 2020“) operating and financial results for the period ended September 30, 2020. Third Quarter 2020 Highlights: • Revenues increased 54% to $43.5 million, … Read more

Edge Computing Is Gunning for SCADA – Geoffrey Cann

October 27, 2020October 27, 2020 by EnergyNow Media

By Geoffrey Cann There is no better candidate industry for edge computing than oil and gas, and it’s a wonder that the edge isn’t closer than it should be. I was part of a virtual think tank this past week on the power and promise of edge computing for the oil and gas industry. We … Read more

WHO’S NEXT? Cenovus-Husky deal creates new Canadian oil major, stokes hunger for deals

October 27, 2020October 27, 2020 by EnergyNow Media

By Rod Nickel, Jeff Lewis WINNIPEG/TORONTO (Reuters) – Cenovus Energy’s CVE.TO acquisition of Husky Energy HSE.TO creates a new Canadian-owned major oil producer and lends the long-struggling oil patch greater stability during its biggest crisis in decades, with investors betting on further deals. The C$3.8 billion ($2.9 billion) combination announced Sunday, the largest Canadian oil and gas deal in … Read more

OPEC chief says rising infections may delay oil recovery

October 26, 2020 by EnergyNow Media

By Alex Lawler LONDON (Reuters) – OPEC’s secretary general said on Monday an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would “stay the course” in balancing the market. The Organization of the Petroleum Exporting Countries and allies including Russia made a record … Read more

Topaz Energy Corp. Completes $230.5 Million Initial Public Offering

October 26, 2020 by EnergyNow Media

Topaz Energy Corp Oct 26, 2020 Not for distribution to U.S. news wire services or dissemination in the United States/ CALGARY, AB, Oct. 26, 2020 /CNW/ – Topaz Energy Corp. (“Topaz” or the “Company”) is pleased to announce that it has completed its previously announced initial public offering consisting of a treasury offering by the Company and … Read more

Oil Slumps Below $39 on Surging Virus and Stimulus Stalemate

October 26, 2020 by EnergyNow Media

By Alex Longley Oct 26, 2020 (Bloomberg)Oil extended its slide to a second day on a cocktail of surging coronavirus cases in the U.S. and Europe, dwindling prospects for pre-election stimulus in Washington and a steady resumption of supply from Libya.Futures in New York fell 2.3% to drop below $39 a barrel. The U.S. reported record … Read more

From Roughneck to CFO: One Métis Woman’s Unconventional Career Journey – Gregory John

October 26, 2020 by EnergyNow Media

Raylene Whitford’s career has taken her from London boardrooms, to the decks of drilling rigs, to the Amazon By Gregory John Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Finance professional Raylene Whitford, a Métis woman, has seen a career that’s taken her from corporate boardrooms, to drilling rigs, … Read more

Learn how to drastically reduce the time it takes you to complete manifests and manage waste data

October 26, 2020 by EnergyNow Media

“It’s not so much that we’re afraid of change, or so in love with the old ways, but it’s that place in between we fear… it’s like being in between trapezes. It’s Linus when his blanket is in the dryer. There’s nothing to hold on to.” – M. Ferguson There are real barriers to the … Read more

Recent Advances in Becht’s HTHA Damage Modeling Approach

October 26, 2020 by EnergyNow Media

By Dave Dewees and Gerrit Buchheim Part 1: Overview Overview This past spring, we described how we’ve incorporated well-established void growth modeling into our high temperature hydrogen attack (HTHA) assessment approach [1]. The purpose of this extension was to blend a reliable time basis for HTHA with our existing critical factor-based method (also published in … Read more

Canada Weekly Rig Count Up 3 for Week Ending October 23, 2020

October 26, 2020October 26, 2020 by EnergyNow Media

Canada’s drilling rig count is up 3 active drilling rigs according to data collected by Baker Hughes for the week ending October 23, 2020. From one week ago, Alberta rig counts increased 2 to 45 and the Saskatchewan rig counts increased 1 to 20. Oil drilling increased 2 to 42 and gas increased 1 to … Read more

Canada’s Cenovus Energy to buy Husky Energy for $3.8 billion in shares – $23.6 billion deal value

October 26, 2020October 26, 2020 by EnergyNow Media

CALGARY — A surprise move by Cenovus Energy Inc. to buy rival Husky Energy Inc. for $3.8 billion in shares will create the third-largest Canadian oil and natural gas producer by total production, the companies announced Sunday. The all-stock transaction was cast as a $23.6-billion deal by the Calgary-based companies by including the value of … Read more

U.S. oil and gas rigs rise to highest since May: Baker Hughes

October 26, 2020October 26, 2020 by EnergyNow Media

By Scott DiSavino (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a sixth week in a row for the first time since June 2018, with the industry expecting more momentum in drillers’ return to the wellpad as crude prices steady around $40 a barrel. The oil and gas rig … Read more

Markets expected to take measure of Cenovus-Husky deal as earnings season begins

October 26, 2020October 26, 2020 by The Canadian Press

Calgary oilpatch investors are expected to take stock of a mega-merger between oilsands heavyweights Cenovus Energy Inc. and Husky Energy Inc. as stock markets open this morning.
The surprise deal announced Sunday will see Husky shareholders receive 0…

Cenovus and Husky Combine to Create a Resilient Integrated Energy Leader

October 25, 2020 by EnergyNow Media

Combination of complementary businesses will result in $1.2 billion in cost and capital synergies, enhance free funds flow generation and support investment grade credit profile October 25, 2020 | Source: Husky Energy Inc. CALGARY, Alberta, Oct. 25, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) today announced … Read more

Introducing Supply Change Conference, October 27 – Supply Chains: Lessons Learned During 2020

October 25, 2020October 25, 2020 by EnergyNow Media

2020 will go down in history as one of the most impactful years in modern history for businesses around the world. In our life times, most of us have not experienced hoarding, product shortages, long-term borders closures or complete lock downs. Retailers and conventional businesses are failing at a record pace, while ecommerce is exploding. … Read more

WIN a Ticket to the Virtual AEC Automation Expo & Conference

October 25, 2020October 25, 2020 by EnergyNow Media

Enter Westech Industrial’s draw to WIN a FREE ticket to the Virtual Automation Expo Conference (AEC) on October 28th, while attending the AEC you will earn a certificate for professional development hours (PDH) and you can find out how to WIN one of our premium Westech coolers. CLICK HERE TO ENTER OUR DRAW & FIND OUT MORE INFORMATION! The AEC … Read more

Alberta to stop limits on oil production in December after nearly two years

October 24, 2020October 24, 2020 by The Canadian Press

CALGARY — Alberta’s oil curtailment quotas are set to end in December, nearly two years after the previous NDP government introduced them to support oil prices, the UCP government announced Friday.
The curtailments, reset monthly, are no longer necess…

Guest Commentary: A response from Philip Cross to CBC’s story on the Canadian energy sector

October 24, 2020October 24, 2020 by EnergyNow Media

‘Clearly, Canada’s energy sector is extremely important to Canada’s economic well-being’ By Philip Cross Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo The following is a column from Philip Cross, former Chief Economic Analyst at Statistics Canada, on how to properly measure the energy sector in … Read more

FEATURE COMMENTARY: The Role of Canada’s Resources in Delivering our Modern World – Grant Wilde

October 24, 2020October 24, 2020 by EnergyNow Media

By: Grant Wilde, President & CEO, Spartan Controls This place we call home, Canada, is outstanding in so many ways. From the landscapes to the mountains to the seascapes, coast to coast to coast, we are so fortunate to live and work in such an extraordinary place. Beyond the beauty, we also enjoy a standard … Read more

Energy drilling to resume as Canada, Alberta agree on caribou protection deal that gives them years to take action

October 24, 2020October 24, 2020 by The Canadian Press

EDMONTON — Canada and Alberta have signed a deal on caribou protection that gives them years to take action but could allow energy drilling to resume right away on some ranges.
The agreement gives the two governments up to five years to design and imp…

Markets concerns about contested U.S. election fading with Biden lead in polls

October 25, 2020October 23, 2020 by The Canadian Press

TORONTO — Stock market investors are breathing a little easier despite potentially facing higher taxes as the possibility of a contested U.S. presidential election appears to be fading, say investment experts.
With nine days to go before election day,…

Trump Seizes On Biden Oil Comment to Warn Swing State Voters

October 23, 2020 by EnergyNow Media

By Jennifer A. Dlouhy and Ari Natter Oct 22, 2020 (Bloomberg) President Donald Trump seized on Joe Biden’s pledge Thursday to eventually replace fossil fuels with renewable energy, turning the Democratic nominee’s remarks into a warning for swing state voters that oil and gas jobs could be at risk. Biden’s comment came in response to a … Read more

Trump Seizes On Biden Oil Comment to Warn Swing State Voters

October 23, 2020 by EnergyNow Media

Putin Says Russia Open to Delaying Planned OPEC+ Output Hike

October 23, 2020 by EnergyNow Media

By Ilya Arkhipov and Dina Khrennikova Oct 23, 2020 (Bloomberg) Russia doesn’t rule out delaying scheduled production hikes by the OPEC+ alliance, President Vladimir Putin said, the latest sign the cartel could restrain crude output for longer as the pandemic crimps demand again. Production cuts are due to be eased — as part of a gradual … Read more

Oil Edges Up With Strong Factory Data Countering Virus Concern

October 23, 2020 by EnergyNow Media

By Alex Longley Oct 23, 2020 (Bloomberg) Oil rose as strong European manufacturing data helped offset demand concerns as a second coronavirus wave spread across the continent.Crude futures traded up 0.4% in New York, but headed for a weekly decline. Curfews in Europe widened amid virus outbreaks. Yet European factory figures beat expectations, showing industrial activity is holding up … Read more

Canada’s Stock Winners and Losers in U.S. Vote: Energy & More Election Guide

October 23, 2020 by EnergyNow Media

By Divya Balji Oct 23, 2020, (Bloomberg) Canada’s main stock index is still about 10% lower than its February high. With its largest trading partner heading to the polls in 11 days, investors are bracing for more volatility — no matter who the winner is. With just 11 days until the election, Joe Biden is leading … Read more

Arrow Exploration Announces Bridge Loan

October 23, 2020 by EnergyNow Media

October 22, 2020 | Source: Arrow Exploration Corp. CALGARY, Alberta, Oct. 22, 2020 (GLOBE NEWSWIRE) — ARROW Exploration Corp. (“Arrow” or the “Company”) (TSXV:AXL) announces that its subsidiary, Carrao Energy S.A. (“Carrao”), has entered into an agreement with respect to a bridge loan (the “Bridge Loan”), the proceeds of which will assist the Company in meeting … Read more

Heavy Oil Scarcity to Boost Canadian Oil-Sands Prices Next Year

October 23, 2020October 23, 2020 by EnergyNow Media

By Robert Tuttle Oct 22, 2020 (Bloomberg) Canadian oil prices are poised to strengthen next year as Mexican heavy crude exports to U.S. Gulf Coast refineries dwindle, according to BMO Capital Markets.Heavy Western Canadian Select’s discount to the West Texas Intermediate benchmark could narrow to $5 to $7 a barrel next year, BMO said in a … Read more

Using Digital Image Correlation to Measure Large Areas of Strain and Displacement

October 23, 2020October 23, 2020 by EnergyNow Media

During component testing, strain and displacement data are often critical for fully documenting the behavior of the component. Strain is typically measured using bonded strain gages while displacement is measured with a string potentiometer or a linear variable differential transformer (LVDT). While these devices are often useful, they have limited capability in certain situations and … Read more

WATCH: 15 Years of Service in Olds – Techmation Electric Controls Ltd.

October 23, 2020October 23, 2020 by EnergyNow Media

Techmation’s Olds field office has been in business since 2005. With years of experience in the industrial field, Techmation has continued to grow and support many local end users. With over 21 full time employees we are Olds’ top electrical and instrumentation service provider. Techmation is proud of our electrical and instrumentation maintenance services and GHG emission … Read more

Environmental and social standards on the line as free market pressured to move away from fossil fuels – Deborah Jaremko

October 23, 2020October 23, 2020 by EnergyNow Media

Forecasts suggest decades of rising oil demand may be increasingly served by OPEC nations and others lacking rigorous ESG standards By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A Russian flag and a Saudi flag are seen at the opening of the 13th meeting of the … Read more

The impact of oil and gas (and Alberta) on Ontario’s economy – Ven Venkatachalam & Mark Milke

October 23, 2020October 23, 2020 by EnergyNow Media

Alberta and its main industry support thousands of jobs and create billions in GDP and markets for Ontario businesses By Ven Venkatachalam and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Sunset over Lake Ontario with Toronto’s skyline in the distance. Getty Images photo Overview Canada’s oil and gas … Read more

$100-million fund to be used to cut oilpatch emissions, fuel new product development

October 23, 2020October 23, 2020 by The Canadian Press

TORONTO — A contribution of $100 million from Ottawa will assist with the commercialization of new products from Canada’s oil and gas industry, as well as help reduce its environmental impact, according to the head of a consortium that will administer…

ANALYSIS: As popularity slides, Alberta’s Kenney has oil pipeline riding on U.S. vote

October 23, 2020October 23, 2020 by EnergyNow Media

By Rod Nickel, Jeff Lewis WINNIPEG, Manitoba/TORONTO (Reuters) – The premier of Canada’s oil-producing province Alberta is losing popularity as the pandemic deepens its economic woes, highlighting the big pipeline bet that Jason Kenney has riding on the U.S. election Kenney said in March that Alberta would invest C$1.5 billion ($1.14 billion) in TC Energy Corp’s … Read more

Here’s Why Biden Couldn’t Ban Fracking, But Could Restrict It

October 22, 2020 by EnergyNow Media

By Ari Natter Oct 21, 2020 (Bloomberg) Fracking has emerged as a hot button issue of the 2020 election, with President Donald Trump claiming his political rival will cripple the economy in politically important states such as Pennsylvania by putting an end to the well extraction technique, despite Joe Biden’s assertions to the contrary.There’s good reason … Read more

Oil Rises Near $40 a Barrel After Biggest Decline in Two Weeks

October 22, 2020 by EnergyNow Media

By Elizabeth Low and Alex Longley Oct 22, 2020 (Bloomberg) Oil rose near $40 a barrel in New York after the biggest drop in two weeks on Wednesday following a surprise jump in U.S. gasoline stockpiles and slowing demand.Motor fuel inventories last week rose the most since May and a measure of the fuel’s consumption slid … Read more

Exxon Mobil ‘very close’ to disclosing U.S., Canada job cuts, says CEO

October 22, 2020 by EnergyNow Media

By Jennifer Hiller HOUSTON (Reuters) – Exxon Mobil Corp XOM.N is “very close” to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The second-largest U.S. oil company by market value lost nearly $1.7 billion in the first six … Read more

Precision Drilling reports $28.5M Q3 loss, revenue down 56% from year ago

October 22, 2020October 22, 2020 by The Canadian Press

CALGARY — Precision Drilling Corp. says it lost $28.5 million in its latest quarter as revenue fell 56 per cent compared with a year ago.
The Calgary-based oilfield services company says the loss amounted to 10 cents per diluted share for the quarter …

Schachter’s Eye on Energy: Plunge in US energy consumption last week weakens WTI crude price.

October 22, 2020 by EnergyNow Media

COMMENTARY: Why Ontarians Should Care About Oil and Gas (and Alberta) – 68,000 Jobs: Mark Milke and Ven Venkatachalam

October 22, 2020 by EnergyNow Media

‘All politics and economies may be local, but local businesses and jobs are always affected by the money flowing in from elsewhere’ By Mark Milke and Ven Venkatachalam 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 … Read more

Western Canadian oil output still down after restoring some COVID cutbacks, CER says

October 21, 2020October 21, 2020 by The Canadian Press

CALGARY — The Canada Energy Regulator says most, but not all, western Canadian oil production has been restored after being cut because of low prices amid the COVID-19 pandemic.The national agency says western Canadian oil supply had slipped by as muc…

Satellites Put the World’s Biggest Methane Emitters on the Map

October 21, 2020 by EnergyNow Media

By Naureen Malik Oct 21, 2020 (Bloomberg) Orange and yellow pixels flash over American drilling heartlands around the Gulf Coast, New Mexico, and Pennsylvania. Dark red stretches across Middle East and China, while disturbing dots of color pop up around Greenland’s coast. This is the dangerous world of atmospheric methane emissions, one of the most powerful drivers of global … Read more

Oil Falls After Report Shows Surprise U.S. Crude Stockpile Gain

October 21, 2020October 21, 2020 by EnergyNow Media

By Rakteem Katakey and Elizabeth Low Oct 21, 2020 (Bloomberg) Oil dropped after an industry report pointed to a surprise increase in American crude stockpiles, countering optimism over a potential U.S. stimulus agreement.The American Petroleum Institute reported crude inventories climbed by almost 600,000 barrels last week, according to people familiar with the data. That contrasts with … Read more

Suncor Studies Sale of North Sea Oil and Gas Fields

October 21, 2020October 21, 2020 by EnergyNow Media

By Laura Hurst and Dinesh Nair Oct 21, 2020 (Bloomberg) Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.Suncor is studying divesting the 30,000-barrel-a-day Golden Eagle Area on the U.K. side of the sea, the people said. … Read more

Canada’s Drifting Fiscal Ship Needs an Anchor – Aaron Wudrick

October 21, 2020October 21, 2020 by EnergyNow Media

Tuesday, Oct.20, 2020 (This column originally appeared in the Financial Post) A ship without an anchor risks drifting into stormy waters. The same is true of governments that borrow and spend. More than six months into the global pandemic, it’s time for the Trudeau government to figure out what safeguards to put in place to ensure … Read more

XI Technologies: A deeper look at the past six months of reclamations in the WCSB

October 21, 2020 by EnergyNow Media

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 few weeks ago, we presented data on reclamations done in Western Canada … Read more

Cyber Security Awareness Month: Cyber security in the new reality

October 21, 2020 by EnergyNow Media

One of the time-worn challenges of leadership in cyber security is balancing making proactive improvements to security with short term knee-jerk reaction to events. We often see tactical considerations divert attention from tackling longer term strategic issues. But with the COVID-19 pandemic, there’s been a hard reset. Business leaders have rightly focused on remaining resilient … Read more

Video: Watch how Amazon Web Services (AWS) and Osperity are helping the energy industry become more efficient and profitable

October 21, 2020 by EnergyNow Media

Watch Recording on YouTube

Alberta welcomes federal approval of gas pipeline expansion while criticizing delay

October 21, 2020October 21, 2020 by The Canadian Press

CALGARY — The Alberta government is welcoming news that Ottawa has approved an expansion of the Nova Gas Transmission Ltd. gathering system in Alberta — while condemning federal delays that it says cost this summer’s construction season.
Federal Natur…

Carbon Pricing in High-Income OECD Countries – Fraser Institute

October 21, 2020October 21, 2020 by EnergyNow Media

Most economists consider human-made greenhouse gas (GHG) emissions an unintended negative externality of production and consumption. A negative externality occurs when the effects of producing or consuming goods and services impose costs on a third party which are not reflected in the prices charged for said goods and services. In the context of GHG emissions, … Read more

CN Rail earnings fall to $985 million in Q3 despite record grain shipments

October 20, 2020October 20, 2020 by The Canadian Press

MONTREAL — Canadian National Railway Co. isn’t quite ready to reinstate its 2021 guidance after experiencing a third quarter that saw its mix of business change with the economic recovery.
The Montreal-based railway says its operating metrics are impr…

‘Dear Canada’: Colorado climate group appeals to Canadians over CPP-owned energy firm

October 20, 2020October 20, 2020 by The Canadian Press

TORONTO — A U.S. environmental group is making a direct appeal to Canadians for help in persuading the Canada Pension Plan to end its investment in a Colorado-based oil and gas company due to safety and pollution concerns.
In a five-minute YouTube vid…

Tribes make new move to shut down Dakota Access Pipeline

October 20, 2020October 20, 2020 by The Canadian Press

BISMARCK, N.D. — Native American tribes opposed to the Dakota Access Pipeline once again have asked a federal judge to stop the flow of oil while the legal battle over the line’s future plays out.
The Standing Rock Sioux and other tribes succeeded on …

Topaz Energy Corp. Prices Initial Public Offering

October 20, 2020 by EnergyNow Media

Topaz Energy Corp Oct 19, 2020 NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, Oct. 19, 2020 /CNW/ – Topaz Energy Corp. (“Topaz” or the “Company”), a unique royalty and energy infrastructure company, is pleased to announce that it has it has obtained a receipt for its final base PREP … Read more

Cut-Price Deals Show Shale’s Rapid Decline From Debt-Fueled Boom

October 20, 2020 by EnergyNow Media

By Kevin Crowley and David Wethe Oct 20, 2020 (Bloomberg) There is no more dramatic sign of the U.S. shale industry’s fall from grace than one of the best in the business being sold off for less than a third of its peak value.Concho Resources Inc., an early explorer of the Permian Basin’s once-coveted oil riches … Read more

Reports of U.S. Shale’s Death Were Greatly Exaggerated: David Fickling

October 20, 2020 by EnergyNow Media

By David Fickling Oct 20, 2020 (Bloomberg Opinion) Remember seven months ago, when a three-way supply war between Saudi Arabia, Russia and the U.S. was about to deal a mortal blow to America’s shale oil industry? Whatever happened with that?All the evidence of late is that there’s life in the oil patch yet. Production from Texas’s Permian … Read more

Oil Slides With OPEC+ Warning of Precarious Market Outlook

October 20, 2020 by EnergyNow Media

By Elizabeth Low and Grant Smith Oct 20, 2020 (Bloomberg) Oil extended declines as OPEC+ warned of a precarious outlook for the market while a resurgent virus hits consumption. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition’s committee meeting on Monday, called on the group to be proactive in the face of uncertain demand. … Read more

Worried about weak oil demand, OPEC pledges action

October 20, 2020October 20, 2020 by EnergyNow Media

By Alex Lawler, Ahmad Ghaddar, Vladimir Soldatkin LONDON/MOSCOW/DUBAI (Reuters) – OPEC and allied producers on Monday pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand and an earlier plan to raise output from next year would further depress prices. Saudi Arabia, the biggest member of … Read more

Losing control? Norway’s oil workers fear for future as rigs go remote

October 20, 2020 by EnergyNow Media

By Nerijus Adomaitis OSLO (Reuters) – A shift to operating oil rigs remotely from land, which has been accelerated by lower crude prices, has rekindled concerns among Norwegian unions over the impact on the safety of offshore workers and the loss of well-paid jobs. These fears were highlighted by Lederne, one of three unions representing … Read more

Cheaper Renewable Power May Drive Economic Recovery, Lazard Says

October 20, 2020October 20, 2020 by EnergyNow Media

By Naureen S. Malik Oct 19, 2020 (Bloomberg) Wind and solar power have become even cheaper compared to fossil fuels in the past year, making them an attractive way to stimulate economies recovering from the Covid-19 pandemic, according to Lazard Ltd.Without subsidies, the cost of energy from onshore wind has fallen to as low as $26 … Read more

Factors Western Announces Business Development Partnership for Saskatchewan and Manitoba

October 20, 2020 by EnergyNow Media

Factors Western Inc., an Industry leader in providing factoring and related financial services to Western Canadian business since 1985, is pleased to enthusiastically announce our new business development partnership with David Heier and his group at Thunder City Power & Leisure Ltd. As our representative in Saskatchewan and Manitoba, David and TC will provide the … Read more

BENDING, ROLLING OR FORMING: Are you working on a project, working on designs, or just wanting to learn?

October 20, 2020October 20, 2020 by EnergyNow Media

We’d like to offer our assistance to anyone with questions about bending, rolling, and other methods of forming metals such as pipe, tube, structural, and ornamental metals. Bending is often a small part of a project and, therefore, many are not familiar with the subject. We are only too happy to help. We are experienced … Read more

Alberta cuts deal on municipal oilpatch levies; not on unpaid property taxes

October 20, 2020October 20, 2020 by The Canadian Press

EDMONTON — Alberta has announced a three-year deal that it says will prevent municipal taxes and levies from harming its already battered energy industry.
But the deal leaves unresolved the issue of rural property taxes that some companies have refus…

COMMENTARY: Is Green Energy A Luxury Good – Geoffrey Cann

October 19, 2020October 19, 2020 by EnergyNow Media

By Geoffrey Cann Is green energy a luxury good? My spouse made this startling observation and I think she might be onto something. Here’s why. WHAT MAKES A LUXURY GOOD A LUXURY GOOD? What she actually said was “it’s a luxury to be a greenie”, while observing yet another Tesla on the highway as we drove from Calgary to … Read more

ConocoPhillips to buy Concho Resources for $9.7 billion in 2020’s top shale deal

October 19, 2020 by EnergyNow Media

By Reuters Staff (Reuters) – ConocoPhillips COP.N said on Monday it will buy Permian-focused driller Concho Resources Inc CXO.N for $9.7 billion, the largest shale deal this year as oil and gas producers turn to consolidation to survive a slowdown in oil prices and demand. The all-stock deal comes as U.S. shale companies have posted big losses due to … Read more

Trudeau Is Preparing to Test Limits of Debt-Financed Spending

October 19, 2020 by EnergyNow Media

Kait Bolongaro and Theophilos Argitis, Bloomberg News Justin Trudeau, Canada’s prime minister, looks towards Chrystia Freeland, Canada’s deputy prime minister and minister of finance, left, during a news conference in Ottawa, Ontario, Canada, on Tuesday, Aug. 18, 2020. Freeland, considered a pragmatic minister who handled the renegotiation of the North American free trade agreement with Mexico … Read more

Minnesota judge upholds state decision on Enbridge Line 3 pipeline replacement

October 19, 2020 by EnergyNow Media

Oct 16 (Reuters) – A Minnesota judge on Friday ruled that the state’s pollution regulator and Enbridge Inc used proper methods for water crossing for its Line 3 oil pipeline replacement, clearing another hurdle for the project that has faced years of delay. Judge James LaFave upheld the draft water quality certificate that Minnesota Pollution … Read more

India emerges as market hungry for Canadian heavy oil – Deborah Jaremko

October 19, 2020October 19, 2020 by EnergyNow Media

Declining production from rival Venezuela opens door for Alberta’s oil sands By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Reliance Petroleum, Jamnagar, Gujarat, India. Getty Images photo The growing global appetite for Canadian heavy oil is on clear display with a new major monthly purchase by … Read more

Oil Slips Near $41 Before OPEC+ Meets to Assess State of Market

October 19, 2020 by EnergyNow Media

By Alex Longley and Elizabeth Low Oct 19, 2020 (Bloomberg) Oil slid near $41 a barrel in New York before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.The Joint Ministerial Monitoring Committee, which typically reviews compliance with the group’s pledged output cuts, will meet … Read more

FREE WEBINAR: ENERGY TRANSITIONS – HOW DO WE POWER HUMANITY IN THE FUTURE?

October 19, 2020October 19, 2020 by EnergyNow Media

October 22 @ 11:30 am – 1:30 pm Free Presented by Brad Hayes, Phd, PGeol, Outreach Director the Canadian Society of Unconventional Resources. Tickets Get Tickets HERE Modern humanity needs energy to survive. Energy networks that support us today are complex, having been built up over decades, and they are foundational to key global challenges such as sustainable … Read more

Cevian’s Dual Fuel Dashboards are here!

October 19, 2020 by EnergyNow Media

A sophisticated, real-time solution for all your dual fuel data – instantly calculate your diesel cost savings, dual fuel substitution percentage, and so much more! For more information, please email us at [email protected] or book a demo today: cevian.io/#contact

Gemini Fabrication Teams Up with Hive Innovations for Green Shirt Day 2020

October 19, 2020 by EnergyNow Media

Gemini Fabrication has teamed up with HIVE Innovations for our first annual Green Shirt Day initiative. The purpose of our Green Shirt Day initiative is to team up with willing partners and engage in our community in a meaningful way while encouraging environmental mindfulness. 2020 has been a year of curveballs and new challenges; which of course means … Read more

WEBINAR: Refining and Petrochemicals Energy Transition – By Becht on November 5, 2020

October 19, 2020 by EnergyNow Media

WHEN Thu, Nov 5, 2020 8:00 AM – 9:00 AM MST WHY In this 1-hour webinar, the attendee will: Gain insight into the potential impacts of global energy trends on Refining and Petrochemicals Recognize regionally specific challenges and new comprehensive business considerations Appreciate the magnitude of change that energy transition brings and the required adjustments … Read more

FREE WEBINAR: Envents H2S Solutions – Dual Stream H2S Analyzers, October 22, 2020

October 19, 2020 by EnergyNow Media

Westech Industrial is a proud distributor of Envent Engineering and we are pleased to share with our customers their FREE webinar series on their H2S Solutions. Their upcoming Webinar will be discussing Envent’s Dual Stream H2S analyzers leading to talks about Total Sulfur, high range H2S and calibration, and where it will fit into with your … Read more

Canada Weekly Rig Count Total Stays at 80 for Week Ending October 16, 2020

October 19, 2020October 19, 2020 by EnergyNow Media

Canada’s drilling rig count remained at 80 active drilling rigs according to data collected by Baker Hughes for the week ending October 16, 2020. From one week ago, Alberta rig counts decreased 3 to 43 and the Saskatchewan rig counts stayed at 19. Oil drilling increased 1 to 40 and gas decreased 1 to 40. … Read more

Trudeau government’s plastic ban all pain, little gain – Fraser Institute

October 19, 2020October 19, 2020 by EnergyNow Media

Appeared in the Toronto Sun, October 14, 2020 Last week, the Trudeau government formally revealed its ban on some single-use plastics, to be in effect by the end of 2021. Although the ban is touted as a way to reduce waste and help the environment—particularly marine ecosystems—in practice, the ban will harm the economy and do very little … Read more

Biden Won’t Ban Fracking, But His Clean Grid Would Choke Gas

October 19, 2020October 19, 2020 by EnergyNow Media

By Will Wade, Gerson Freitas Jr. and Jennifer A. Dlouhy Oct 17, 2020 (Bloomberg) During a town hall meeting Thursday, Democratic presidential nominee Joe Biden again assured shale producers that he wouldn’t ban fracking if elected. Then, in virtually the same breath, he touted his $2 trillion clean-energy plan, which aims to edge natural gas out … Read more

Delphi Energy Announces Completion of Restructuring Transaction and Changes to Director and Executive Personnel

October 18, 2020 by EnergyNow Media

October 16, 2020 | Source: Delphi Energy Corporation CALGARY, Alberta, Oct. 16, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce the completion of the previously disclosed restructuring which was implemented pursuant to a plan of compromise and arrangement (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”) and the Canada Business Corporations Act (“CBCA”). The … Read more

How much Albertans and their oil and gas sector have contributed to federal finances

October 18, 2020October 18, 2020 by EnergyNow Media

Over a 12-year period, Albertans and their main industry contributed $512 billion and $50 billion respectively to Ottawa By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Parliament Hill from across the Ottawa River in Ontario, Canada. Getty Images photo To sign up to receive the … Read more

Does Canada Need a Wealth Tax? – Philip Cross: Fraser Institute

October 17, 2020 by EnergyNow Media

— Published on October 15, 2020 In its recent Speech from the Throne, the federal government said it was considering a tax on what it termed “extreme wealth inequality” in this country. This would be a mistake for several reasons. To start, wealth inequality is not increasing in Canada. Statistics Canada data show that wealth … Read more

Putin and Saudi crown prince discuss OPEC+ agreements and coronavirus

October 17, 2020 by EnergyNow Media

By Reuters Staff MOSCOW (Reuters) – Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed energy markets and the implementation of agreements by the oil producers group known as OPEC+, the Kremlin said in a statement on Saturday. “Both sides have reiterated their willingness to continue close coordination in this area in … Read more

OPEC+ fears second virus wave could lead to oil surplus in 2021

October 17, 2020 by EnergyNow Media

By Vladimir Soldatkin MOSCOW (Reuters) – OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could push the oil market into surplus next year, according to a confidential document seen by Reuters, a gloomier outlook than just a month ago. A panel of officials from OPEC+ … Read more

Head of new Alberta agency aims to open doors for Indigenous groups -Gregory John

October 19, 2020October 17, 2020 by EnergyNow Media

‘The single largest challenge in addressing Indigenous poverty in Canada is unequal access to capital and the economy’ By Gregory John Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alicia Dubois, CEO of the Alberta Indigenous Opportunities Corporation. Photograph courtesy AIOC The desire to create opportunity for Canada’s Indigenous … Read more

AltaGas agrees to pay $715 million to double stake in midstream firm Petrogas

October 18, 2020October 17, 2020 by The Canadian Press

CALGARY — AltaGas Ltd. says it has agreed to pay $715 million in cash to privately held SAM Holdings Ltd. to double its ownership share in oil and gas liquids handling firm Petrogas Energy Corp. to 74 per cent.
Calgary-based AltaGas bought a one-third…

Calfrac investors approve company plan over Wilks Brothers takeover

October 17, 2020October 17, 2020 by The Canadian Press

$Calfrac Logo Feature$

CALGARY — Shareholders in debt-laden Calgary-based Calfrac Well Services Ltd. have narrowly approved a recapitalization plan proposed by management, thus setting aside a takeover offer from Texas rival Wilks Brothers, LLC.In a vote on Friday afternoon…

Shell Canada scraps plans for sale of Sarnia Manufacturing Centre

October 17, 2020 by EnergyNow Media

By Reuters Staff (Reuters) – Shell Canada has abandoned plans for the possible sale of its Sarnia Manufacturing Centre, it said on Thursday, confirming an earlier media report. “We have decided to stop actively marketing the Sarnia Manufacturing Centre and its associated infrastructure which includes the refinery, chemicals plant, Sarnia and Hamilton Distribution terminals and Shell’s … Read more

U.S. oil and gas rig count rises by most since January – Baker Hughes

October 16, 2020 by EnergyNow Media

By Scott DiSavin Oct 16 (Reuters) – U.S. energy firms this week added the most oil and natural gas rigs since January as producers return to the wellpad with crude prices holding around $40 a barrel over the past several months. The oil and gas rig count, an early indicator of future output, rose for … Read more

Saskatchewan’s Scott Moe concerned about Biden’s opposition to Keystone XL

October 16, 2020October 16, 2020 by The Canadian Press

SASKATOON — Saskatchewan Party Leader Scott Moe says if the Democrats win next month’s U.S. election, he has concerns about the future of the Keystone XL pipeline.
Moe is himself running for re-election on Oct. 26 and, while on the campaign trail, we…

Oil Slips Near $41 With Virus Curbs Dampening Demand Hopes

October 16, 2020 by EnergyNow Media

By Sharon Cho and Alex Longley Oct 16, 2020 (Bloomberg) Oil dipped as the prospect of a resurgent virus, forcing more stay-at-home measures in Europe and the U.S., was weighed against signs of improved demand from China and India this week.Futures in New York dropped 0.5% Friday, paring earlier losses as the dollar erased gains. Covid-19 is … Read more

Trans Mountain Project Helps Métis Man Grow Family Electrical Business – Gregory John

October 16, 2020 by EnergyNow Media

Alberta company employs largely Indigenous workforce on Canadian pipeline mega-project By Gregory John Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Carvel Electric president Jordan Jolicoeur has seen his company prosper thanks to work with Trans Mountain and other energy project. Photograph supplied for Canadian Energy Centre Some of … Read more

Razor Energy Corp. Announces Board Appointment and Resignation

October 16, 2020 by EnergyNow Media

October 15, 2020 17:00 ET | Source: Razor Energy Corp. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, Alberta, Oct. 15, 2020 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company“) (TSXV: RZE) is … Read more

High Arctic Announces Two-Year Extension of Credit Facility, Operations Update and Continuation of Outstanding Safety Performance

October 16, 2020 by EnergyNow Media

October 15, 2020 19:07 ET | Source: High Arctic Energy Services Inc. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, Oct. 15, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the two-year extension of its current credit facility with HSBC (the “Credit Facility”). The Credit Facility maturity date is extended … Read more

Risk Matters: Prevent Critical Equipment Failures & Catastrophe

October 16, 2020 by EnergyNow Media

Did you know there are millions of pieces of equipment in any process facility? Sometimes there are tens of millions or more. For the asset integrity and maintenance professionals who are tasked with keeping everything running smoothly, it’s a mammoth job and while perfection may be attainable, it’s far from simple to achieve. To add … Read more

Schachter’s Eye on Energy: New Coronavirus Outbreaks And Lockdowns In Europe Hurt Energy Demand. New OPEC Price War More Likely Now

October 16, 2020October 16, 2020 by EnergyNow Media

Alberta premier says he’s still hopeful about Keystone, even if Biden elected

October 16, 2020October 16, 2020 by The Canadian Press

AIRDRIE, Alta. — Alberta Premier Jason Kenney says he is still hopeful about the future of the Keystone XL pipeline, even if the Democrats win the White House next month.
Democratic candidate Joe Biden has promised to kill the project if elected pres…

Oil price stall, global uncertainty prompt caution as oil firms roll out Q3 reports

October 19, 2020October 15, 2020 by The Canadian Press

CALGARY — Higher oil prices are expected to bolster returns as Canadian energy companies report third-quarter results over the next few weeks but observers say a recent stall in the crude price recovery and ongoing oil market uncertainty make increase…

Clearview Resources Ltd. October 2020 Corporate Update

October 15, 2020 by EnergyNow Media

Clearview Resources Ltd. Oct 14, 2020 CALGARY, AB, Oct. 14, 2020 /CNW/ – Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to provide the following corporate update to its shareholders CREDIT FACILITY REVIEW The Company’s credit facility was set for its normal course review to be completed by June 30, 2020. The Company’s lender, ATB Financial (“ATB”), informed Clearview that the … Read more

BOOK REVIEW: Moment of Truth – How Confederation Serves Alberta Poorly – David Yager

October 15, 2020 by EnergyNow Media

By David Yager October 14, 2020 In an advanced, civilized and internationally respected country like Canada, should one or more region of the country be permitted to exploit another for political gain? Should the well-documented concentration and application of political power from central Canada continue in the 21st century despite the continued and growing objections … Read more

IEA says global oil producers may struggle to gauge demand amid second wave

October 15, 2020October 15, 2020 by EnergyNow Media

By Noah Browning LONDON (Reuters) – Global oil stocks which rose during the height of the pandemic are being steadily reduced, the International Energy Agency (IEA) said on Wednesday, but a second wave is slowing demand and will complicate efforts by producers to balance the market OPEC+ producers – OPEC members and others including Russia … Read more

Oil Falls Back Below $41 With Dollar’s Gain, Weaker Stock Market

October 15, 2020October 15, 2020 by EnergyNow Media

By Sharon Cho and Alex Longley Oct 15, 2020 (Bloomberg) Oil dipped below $41 a barrel as the dollar gained and European stock markets slumped.Futures in New York dropped 1.4%, after rising on Wednesday. Equities slid in Europe after corporate earnings failed to re-ignite rallies and prospects wilted for new stimulus from Washington before the November election. Paris … Read more

Energy Demand to Receive a Work-From-Home Boost This Winter

October 15, 2020October 15, 2020 by EnergyNow Media

By Stephen Stapczynski and Javier Blas Oct 15, 2020 (Bloomberg) “Get yours before they go,” says the headline on a home improvement article dedicated to the hottest housing trends. The must-have item? A patio heater.With winter in the northern hemisphere fast approaching, the Covid-19 pandemic is prompting families to buy outdoor heaters. Restaurants and bars are … Read more

OPEC+ will ensure oil prices do not plunge again, says OPEC chief

October 15, 2020October 15, 2020 by EnergyNow Media

OPEC Secretary-General Mohammad Barkindo addresses a news conference in Vienna, Austria, November 7, 2017. REUTERS/Heinz-Peter Bader

By Ahmad Ghaddar, Alex Lawler LONDON – The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC’s Secretary General said on Thursday, adding that demand has been recovering more slowly than expected. “I want to assure you that the OPEC, non-OPEC partnership … Read more

Banks and insurers shun Canada’s oil sands

October 15, 2020October 15, 2020 by EnergyNow Media

By Reuters Staff Oct 14 (Reuters) – Canada is betting that efforts to incrementally reduce greenhouse gas emissions from its oil sands deposits will win back investors, banks and insurers who in recent years have shunned the carbon-heavy resource for environmental reasons. Here is a look at some of the institutions with commitments and policies … Read more

Annapolis Capital Limited announces the combination of Tyrannex Energy Ltd. and Tempus Energy Ltd. to create well-capitalized Alberta light oil producer Amicus Petroleum Inc.

October 15, 2020October 14, 2020 by EnergyNow Media

Annapolis Capital Limited Oct 14, 2020 CALGARY, AB, Oct. 14, 2020 /CNW/ – Annapolis Capital Limited (“Annapolis”) is pleased to announce the merger (the “Merger”) of two of its portfolio companies, Tyrannex Energy Ltd. (“Tyrannex”) and Tempus Energy Ltd. (“Tempus”), to form Amicus Petroleum Inc. (“Amicus” or the “Company”). The Merger creates an Alberta-focused, high netback, light oil … Read more

Obsidian Energy Encourages Bonterra Shareholders to Create the Cardium Champion

October 14, 2020 by EnergyNow Media

Bonterra shareholders will benefit from being part of a stronger, more efficient Cardium Champion The combined entity has many positive attributes that lead to a clear path to significant share price appreciation Bonterra has no standalone plan to create shareholder value; only to add more leverage and hope for better commodity prices which is clearly … Read more

Veteran Cathedral Energy Services CEO announces plan to retire in April

October 14, 2020October 14, 2020 by The Canadian Press

CALGARY — Cathedral Energy Services Ltd. says veteran CEO Scott MacFarlane plans to retire from the Calgary-based directional and horizontal drilling company in April.
MacFarlane was chief financial officer from 2001 to 2013, when he was promoted to c…

ConocoPhillips in Talks to Buy Concho Resources in Big Shale Bet

October 14, 2020 by EnergyNow Media

By Ed Hammond, Kiel Porter and Scott Deveau Oct 14, 2020 (Bloomberg) ConocoPhillips is in talks to acquire rival Concho Resources Inc., according to people familiar with the matter, as one of America’s largest independent oil explorers looks to make a bold bet on shale during an historic industry downturn. The companies may announce a deal … Read more

Oil Rises With Dollar’s Decline, Reversing Earlier Drop

October 14, 2020 by EnergyNow Media

By Sharon Cho and Alex Longley Oct 14, 2020 (Bloomberg) Oil rose, reversing an earlier decline, as the dollar weakened.Crude futures gained 1.6% in New York. They earlier fell 1% as the International Energy Agency warned of a fragile market outlook and Russia indicated OPEC+ may stick with current plans to lift production starting January.Along with a falling … Read more

OPEC+ Oil Boost to Leave Market in Precarious Balance, IEA Says

October 14, 2020 by EnergyNow Media

By Grant Smith Oct 14, 2020 (Bloomberg)The outlook for oil “remains fragile” as the pandemic depresses demand, and OPEC’s plans to increase supply next year will leave global markets precariously balanced, the International Energy Agency said.“There is a risk that the demand recovery is stalled by the recent increase in Covid-19 cases in many countries,” … Read more

12 things to know about Ottawa’s Clean Fuel Standard – Resource Works

October 14, 2020October 14, 2020 by EnergyNow Media

Originally published in Resource Works See this article and many more HERE The federal Clean Fuel Standard (CFS) is coming soon. Here are 12 things you need to know (and what it will cost you). 1. The federal government says: “The objective of the Clean Fuel Standard (CFS) is to achieve up to 30 million tonnes of annual reductions in … Read more

Alberta oil output 16% below pre-COVID levels: minister

October 14, 2020October 14, 2020 by EnergyNow Media

By Reuters Staff LONDON (Reuters) – Oil production in Canada’s Alberta province is 16% below its pre-coronavirus crisis levels, Alberta’s Energy Minister Sonya Savage told the Energy Intelligence Forum on Tuesday. Alberta’s oil output dropped by as much as 880,000 barrels per day, or 22%, at the peak of the production cuts in response to … Read more

XI Technologies: Why a proper balance of drill planning information sources is essential for successful drilling programs

October 14, 2020 by EnergyNow Media

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Our current oil and gas development environment has led many companies to … Read more

Normalization of Deviance Costs Lives

October 14, 2020 by EnergyNow Media

By: Rick Hoffman Space Shuttle Challenger Many of us can remember exactly where we were at 11:39 AM EST on January 28, 1986. That was when the Space Shuttle Challenger failed in flight killing all seven crew members. Normalization of Deviance was a major factor in the Challenger shuttle disaster. Normalization of Deviance is when … Read more

Technical Meeting: Showcasing newly developed standards for chemical cement alternatives for wellbore remediation – Well Integrity and Abandonment Society

October 14, 2020 by EnergyNow Media

When: 28-Oct-2020, 11:00am – 12:30pm Where: Virtual (Teams) What: Join the Well Integrity and Abandonment Society for a virtual technical meeting, showcasing newly developed standards for the qualification of chemical cement alternatives for wellbore remediation Register: Visit the WIA events page to purchase a membership or register for the event: https://wiasociety.org/events/ Speaker Bio: Arugha Wilkie … Read more

Feature: FlareTech – The industry experts at developing and delivering high quality flaring and combustion systems at competitive prices

October 14, 2020October 14, 2020 by EnergyNow Media

FlareTech Air-Assisted, Guyed Flare FlareTech is an international provider of custom, turnkey flaring and combustion systems for almost every application. With over 30 years of industry experience, FlareTech’s staff are experts at developing and delivering high quality, innovative, efficient products at competitive prices. FlareTech’s main product offerings include: Utility flares Air-assisted and gas-assisted smokeless flares … Read more

Raise Production Inc. Announces North American Marketing and Distribution Partner

October 14, 2020 by EnergyNow Media

Calgary, Alberta– Raise Production Inc. (TSXV: RPC) (“Raise” or the “Company”) is pleased to announce it has entered into an agreement with Q2 Artificial Lift Services (“Q2 ALS”) to be the exclusive distributor for North America. Raise has three unique systems that can be used independently or in combination in horizontal wellbores: the High Angle Reciprocating Pump (“HARPTM“); the Raise … Read more

Keyera Announces Start Up of Pipestone Gas Plant

October 13, 2020 by EnergyNow Media

Keyera Corp. Oct 13, 2020 CALGARY, AB, Oct. 13, 2020 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) today announced the start up of the Pipestone gas plant (“Pipestone”), five months ahead of its original schedule and at budgeted costs. Pipestone is a natural gas processing and liquids stabilization plant developed in a joint effort with Ovintiv Inc. to support their … Read more

OPEC cuts 2021 oil demand forecast again as virus cases rise

October 13, 2020 by EnergyNow Media

By Alex Lawler LONDON (Reuters) – World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to headwinds faced by the group and its allies in balancing the market. Demand will rise by 6.54 million barrels per day(bpd) next year to 96.84 million bpd, … Read more

Saudi Aramco and BlackRock, others, discussing deal worth over $10 billion: sources

October 13, 2020 by EnergyNow Media

By Davide Barbuscia, Hadeel Al Sayegh DUBAI (Reuters) – Saudi Aramco 2222.SE is in talks with BlackRock BLK.N and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources said. The deal, internally dubbed “Project Seek”, is still in its initial phase and there is no formal decision on the … Read more

Precise Delivers FULLY AUTOMATED Tank Cleaning Spread to Cascade Energy Services – See the Automated Spread HERE:

October 13, 2020 by EnergyNow Media

Precise Tank Cleaning Tools is pleased to congratulate Cascade Energy Services L.P. on the delivery of their new fully automated tank cleaning spread. Their automated spread consists of A. Live Action Sweeps B. Cannons C. Hydraulic Power Unit and D. Control Cab The Precise Tank Cleaning Spread Offers the following advantages: Superior technological understanding … Read more

Oil Rises Near $40 After Recovery in Chinese Crude Imports

October 13, 2020 by EnergyNow Media

By Sharon Cho and Alex Longley Oct 13, 2020 (Bloomberg) Oil edged higher as data showed Chinese crude imports rose last month. Futures in New York rose around 1.3% toward $40 a barrel. Chinese crude imports climbed 2.1% in September from August, the General Administration of Customs said Tuesday, in a positive sign for global demand. … Read more

Pandemic could delay energy demand recovery to 2025

October 13, 2020 by EnergyNow Media

LONDON (Reuters) – A slow economic recovery from the pandemic threatens to delay a full rebound in world energy demand to 2025, the International Energy Agency said on Tuesday. In its central scenario, a vaccine and therapeutics could mean the global economy rebounds in 2021 and energy demand recovers by 2023, the IEA, which advises … Read more

Solar the new ‘king of electricity’ as renewables make up bigger slice of supply: IEA

October 13, 2020 by EnergyNow Media

By Forrest Crellin PARIS (Reuters) – Solar output is expected to lead a surge in renewable power supply in the next decade, the International Energy Agency said, with renewables seen accounting for 80% of growth in global electricity generation under current conditions In its annual World Energy Outlook on Tuesday, the IEA said in its … Read more

Saturn Oil & Gas Inc. Announces Director Resignation

October 13, 2020 by EnergyNow Media

October 13, 2020 | Source: Saturn Oil + Gas Inc CALGARY, Alberta, Oct. 13, 2020 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) announces today that, because of additional work commitments, Mr. Simon Akit has stepped down as a Director of the Company, effective immediately. “I want to … Read more

Canada risks missing out on fast-moving hydrogen opportunity: report

October 13, 2020October 13, 2020 by EnergyNow Media

Clean Energy Canada | VANCOUVER — Hydrogen is getting people talking. A Bank of America analyst recently compared the investment opportunity to that of smartphones before 2007. Already, 18 economies comprising more than 75% of global GDP are developing and rolling out hydrogen strategies. With a Canadian hydrogen strategy expected this fall, will it be enough to ensure Canada … Read more

Alberta unconcerned about OPEC prediction for slower growth in oil demand over next 25 years

October 13, 2020October 13, 2020 by EnergyNow Media

‘Plateau does not mean end of demand,’ energy minister Sonya Savage says Michelle Bellefontaine · CBC News · Alberta’s energy minister is unconcerned about a new report by the Organization of Petroleum Exporting Countries (OPEC) that suggests demand for oil will plateau in a decade. “As we all know, plateau does not mean end of demand — it means … Read more

Canada Weekly Rig Count Up 5 for Week Ending October 9, 2020

October 13, 2020October 13, 2020 by EnergyNow Media

Canada’s drilling rig count is up 5 active drilling rigs according to data collected by Baker Hughes for the week ending October 9, 2020. From one week ago, Alberta rig counts increased 4 to 46 and the Saskatchewan rig counts increased 1 to 19. Oil drilling increased 2 to 39 and gas increased 3 to … Read more

Commentary: The super-sized contributions from oil and gas, Albertans to Ottawa – Mark Milke & Lennie Kaplan

October 13, 2020October 13, 2020 by EnergyNow Media

Billions in revenue have flowed into federal coffers thanks to Albertans and their chief industry By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Canada’s parliament building in Ottawa. Getty Images photo No matter how you slice it, Canada’s oil and natural gas sector has been … Read more

China Aims to Cut All Greenhouses Gases by 2060, Researcher Says

October 12, 2020 by EnergyNow Media

By Bloomberg News Oct 12, 2020 (Bloomberg) China’s pledge to be carbon neutral by 2060 includes all greenhouses gases, not just carbon dioxide, according to one of the country’s top climate researchers.He Jiankun, who chairs the academic committee at the Institute of Climate Change and Sustainable Development at Tsinghua University, made the clarification at a conference … Read more

Oil Falls Near $40 With Supply Constraints Beginning to Ease

October 12, 2020 by EnergyNow Media

Oct 12, 2020 (Bloomberg) —Oil dropped for a second day as operations in the U.S. Gulf of Mexico started to resume following Hurricane Delta making landfall and Libya took a major step toward reopening its biggest field.Futures in New York fell to near $40 a barrel. Crude explorers and tugboat operators got back to work … Read more

COMMENTARY: Why Big Oil May Want to Vote for Joe Biden – Liam Denning

October 12, 2020 by EnergyNow Media

By Liam Denning Oct 12, 2020 (Bloomberg Opinion) Oil executives are just like you and me: They worry about the election. A Biden administration would absolutely kill our industry. Such comments from oil and gas chiefs featured in the Dallas Fed’s latest sector survey. It is received wisdom that, if elected president alongside a few more Democratic senators, an administration led … Read more

U.S. energy companies begin restoring oil and gas output after hurricane

October 12, 2020 by EnergyNow Media

By Erwin Seba HOUSTON (Reuters) – U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area. Chevron Corp, Royal Dutch Shell Plc and BHP Group all said workers were headed back to production platforms in the … Read more

Alberta non-profit connects businesses with opportunities to fund local forests and capture carbon naturally

October 14, 2020October 12, 2020 by EnergyNow Media

Project Forest founder Mike Toffan inspects tree growth on site in the Ghost Public Land Use area. Photo credit: Rhonda Krause, Adventure Alberta. Project Forest, a new Alberta non-profit, is creating opportunities for businesses to help capture carbon and rewild local landscapes close to home. “Forests are arguably the most cost-effective means of capturing atmospheric … Read more

WATCH: Who is SSi Artificial Lift?

October 13, 2020October 12, 2020 by EnergyNow Media

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The Time for Canadian LNG – GLJ

January 4, 2021October 12, 2020 by EnergyNow Media

By: Justin Mogck LNG export is a promising driver for the continued feasibility of natural gas production and development in Canada. With the increase in global demand for natural gas, especially in Asia, and the recent decline in foreign gas demand from the U.S., Canada needs to diversify its market access by developing its own … Read more

SPECIAL OFFER: Aimsio Group Demo and 90 Day Free Trial

October 12, 2020 by EnergyNow Media

Sit back, relax, and find out what Aimsio does Did you know you can trial Aimsio free for 90 days? We’ll tell you all about it on October 15th. October 15, 2020 | 10:00 am – 10:30 am MDT No Obligation, No Commitment Sitting through a product demo of any kind can be daunting. That’s … Read more

SPARK 2020 Virtual Conference – Enverus Business Automation – October 14

October 12, 2020 by EnergyNow Media

Register: Register Now – FREE https://cvent.me/RqXK9Q About: SPARK 2020 SPARK is the annual Enverus Business Automation conference, where oil and gas professionals attend sessions led by innovative names in the industry. Thought leaders will share their experiences on implementation, adoption, and results realized with Enverus solutions. Over the last year, Enverus has been working on creating … Read more

Major new Illinois power plant to be fed by low-emissions natural gas from Alberta

October 12, 2020October 12, 2020 by EnergyNow Media

Calgary company uses carbon capture technology to reduce greenhouse gas emissions intensity By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Artist’s rendering of US$1.3-billion Competitive Power Ventures (CPV) Three Rivers Energy Complex in Grundy County, Illinois. Photograph supplied for Canadian Energy Centre Low-emissions natural gas from … Read more

Delphi Energy Corp. Announces Extension of Stay Period

October 10, 2020 by EnergyNow Media

October 09, 2020 | Source: Delphi Energy Corporation CALGARY, Alberta, Oct. 09, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that it has obtained an order from the Court of Queen’s Bench of Alberta (the “Court”) granted in Delphi’s proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”) extending the stay period to October 30, … Read more

Billionaire investor Carl Icahn sees energy sector rebound but urges patience

October 10, 2020October 10, 2020 by EnergyNow Media

By Svea Herbst-Bayliss BOSTON (Reuters) – Billionaire investor Carl Icahn said on Thursday the energy sector will bounce back one day but shareholders need to be very patient and he is not urging people to buy. Icahn, with stakes in CVR Energy CVI.N, Cheniere Energy LNG.A and Occidental Petroleum OXY.N, said the key to making money is to buy … Read more

U.S. drillers add oil and gas rigs for fourth week in a row -Baker Hughes

October 10, 2020October 10, 2020 by EnergyNow Media

By Scott DiSavino Oct 9 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row for the first time since June 2018 as producers start drilling again with prices holding around $40 a barrel over the past few months. The oil and gas rig count, … Read more

Hurricane Delta shuts most U.S. offshore oil output in 15 years

October 9, 2020 by EnergyNow Media

By Reuters Staff HOUSTON (Reuters) – A strengthening Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico production in 15 years, halting most of the region’s oil and nearly two-thirds of its natural gas output. An already large and powerful storm, Delta could intensify further on Friday as it churns through the … Read more

Oil Set for Weekly Surge With Hurricane Paralyzing Gulf Output

October 9, 2020 by EnergyNow Media

By Ann Koh and Alex Longley Oct 9, 2020 (Bloomberg) Oil is poised for the biggest weekly gain since June with Hurricane Delta forcing the shutdown of almost 92% of crude output in the Gulf of Mexico.Delta regained strength to become a major hurricane and is forecast to slam into the already battered Louisiana coast later on … Read more

OPEC, in major shift, says oil demand to plateau in late 2030s

October 9, 2020October 9, 2020 by EnergyNow Media

By Alex Lawler LONDON (Reuters) – World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits. The prediction from the Organization … Read more

Scovan Completes Oil Battery for Deltastream Energy In Marten Hills

October 9, 2020October 9, 2020 by EnergyNow Media

The Challenge Deltastream Energy Corporation is a Canadian private start-up exploration and production company. In 2019, Scovan was contracted to design a 12,500 barrel per day Oil Battery and Shipping Terminal in Marten Hills, which has been running above capacity of up to 18,000 bbl/d. The Marten Hills Clearwater heavy oil play, northeast of the … Read more

Gemini Fabrication – one of Alberta’s Largest Fabricators and Packagers of Process Equipment

October 9, 2020 by EnergyNow Media

“A team you can count on. A product you can trust.” Gemini has a built a strong reputation for providing high quality fabrication and module assembly services to the Western Canadian energy sector. Through an all-in commitment from every individual on our team, Gemini is determined to work in partnership to deliver quality products from … Read more

Risk Matters: The Impact of Employee Turnover on Your Company’s Safe Operations

October 9, 2020 by EnergyNow Media

It happens in every company, the key resource, a person who has been on the team for years or even decades, has left your organization. They were offered a new position, or perhaps this was due to an economic crisis or changing business models and restructurings which resulted in them being laid off. What’s left … Read more

Schachter’s Eye on Energy: US commercial crude oil inventories surprise with a build of 500Kb/d last week

October 9, 2020October 9, 2020 by EnergyNow Media

Advantage Announces Increase to 2020 Capital Guidance

October 8, 2020 by EnergyNow Media

CALGARY, AB , Oct. 8, 2020 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce a modest increase in 2020 capital guidance, as a result of continued strengthening of the Corporation’s outlook. Spending for 2020 is now projected to be between $147 million and $162 million , an increase of approximately $17 million , primarily to accelerate … Read more

PetroFrontier Corp. Announces Closing of Private Placement

October 8, 2020 by EnergyNow Media

October 8, 2020 CALGARY, AB / ACCESSWIRE / October 8, 2020 / PetroFrontier Corp. (“PetroFrontier” or the “Corporation”) (TSXV:PFC) is pleased to announce the following: Private Placement PetroFrontier has completed a non-brokered private placement for aggregate gross proceeds of $408,000 (the “Private Placement“) whereby the Company issued an aggregate of 10,200,000 common shares (“Common Shares“) from its … Read more

OPEC Expects to Gain Oil-Market Share After Virus Wounds Rivals

October 8, 2020 by EnergyNow Media

By Grant Smith Oct 8, 2020 (Bloomberg) OPEC expects to emerge from the pandemic with a greater share of global oil sales, after 2020’s price downturn battered rivals in the U.S. and elsewhere.The Organization of Petroleum Exporting Countries boosted forecasts for the amount of oil it will need to supply over the next four years, shifting last … Read more

Oil Gains Above $40 With Hurricane Delta Threatening Gulf Output

October 8, 2020 by EnergyNow Media

By Ann Koh and Alex Longley Oct 8, 2020 (Bloomberg) Oil rose beyond $40 a barrel in New York, buoyed by supply disruption in the U.S. and the threat of a slump in Norwegian output.Energy operators in the Gulf of Mexico have shut 80% of oil output in preparation for Hurricane Delta, which barreled across the … Read more

Norway strike could cut a quarter of oil, gas output next week

October 8, 2020 by EnergyNow Media

By Nerijus Adomaitis OSLO (Reuters) – A strike by oil workers in Norway could cut output from western Europe’s biggest oil and gas producer by almost a quarter, operators said on Thursday, though the striking union said a resolution was possible. Widening strike action raised the prospect of further price rises on the international oil … Read more

Record European demand for renewable energy in the first half of 2020 – despite COVID-19

October 8, 2020 by EnergyNow Media

08.10.2020, Oslo – “The demand for renewable energy documented with Guarantees of Origin shows record growth during the first half of 2020, despite the negative effect COVID-19 is having on global and local economies. The fact that especially corporate demand for renewables seems unaffected is truly inspiring during these unusual and trying times,” says Tom Lindberg, Managing Director in ECOHZ, commenting on … Read more

COMMENTARY: Trudeau’s second carbon tax coming at worst possible time

October 8, 2020October 8, 2020 by EnergyNow Media

by Franco Terrazzano & Aaron Wudrick, Canadian Taxpayers Federation (This column originally appeared in the Toronto Sun and is now available for reprint) Whenever Prime Minister Justin Trudeau wants to solve a problem, his solution can’t be to hit families and businesses struggling to get by with even more costs. Yet, that’s exactly the approach Trudeau is … Read more

Fact-Checking Alarmist Predictions – Part III: Deidra Garyk

October 8, 2020October 8, 2020 by EnergyNow Media

Link to Part I Link to Part II Young children are scared. Millennials are in hysterics and mobilized. Adults are frightened and uncertain. Politicians are feeding off the angst, enacting multi-billion dollar public policies, and thinking about implementing multi-trillion dollar plans, in an effort to appease the electorate under the guise of saving the planet … Read more

Canada to impose binding plastic standards for products and packaging: Minister

October 8, 2020October 8, 2020 by EnergyNow Media

OTTAWA (Reuters) – Canada intends to impose binding standards for how much recyclable plastic content there has to be in products and packaging and wants new rules in place within 24 months, a top official said on Wednesday. Environment Minister Jonathan Wilkinson said Canadians threw away around 3 million tonnes of plastic every year, of … Read more

Trudeau’s infrastructure announcement raises a host of red flags

October 7, 2020 by EnergyNow Media

(This column originally appeared in the National Post) If a door-to-door salesman pitched you on a “win-win” sale, your first reaction would probably be skepticism. Unfortunately, a similar level of skepticism is called for whenever a politician declares their latest spending project to be a “win-win.” That’s exactly what Prime Minister Justin Trudeau affirmed was the … Read more

Oil’s Three-Speed Recovery Has Turned the World’s Energy Industry Upside Down

October 7, 2020October 7, 2020 by EnergyNow Media

By Jeffrey Bair, Saket Sundria, Jack Wittels and Javier Blas Oct 7, 2020 (Bloomberg) The global network of tankers, pipelines and refineries that makes useful fuels out of crude oil is built on long-standing patterns of consumption: so much gasoline for the world’s drivers, a certain amount of diesel for trucks and a proportion of jet … Read more

Oil Falls After Stimulus Talks End and Stockpiles Seen Swelling

October 7, 2020 by EnergyNow Media

By Ann Koh and Alex Longley Oct 7, 2020 (Bloomberg) Oil retreated after an industry report saw U.S. crude stockpiles growing and President Donald Trump halted stimulus talks until after the election.Trump told his negotiators to stop talks with Democratic leaders just hours after Federal Reserve Chair Jerome Powell stepped up his call for more spending to avoid damaging the … Read more

Canada’s pipelines key to fueling COVID-19 recovery – Deborah Jaremko

October 7, 2020October 7, 2020 by EnergyNow Media

CEPA boss believes Canada’s rigorous standards for oil and gas are a competitive advantage By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Chris Bloomer, president and CEO of the Canadian Energy Pipeline Association (CEPA). Photograph for Canadian Energy Centre Oil and gas pipelines will be at … Read more

Canadian Natural Resources Limited Completes the Acquisition of Painted Pony Energy Ltd.

October 7, 2020 by EnergyNow Media

October 06, 2020 | Source: Canadian Natural Resources Limited CALGARY, Alberta, Oct. 06, 2020 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces that the previously announced acquisition by Canadian Natural of all the issued and outstanding common shares of Painted Pony Energy Ltd. (“Painted Pony”) pursuant to a plan of arrangement … Read more

Alberta aims to export hydrogen as potential grows

October 7, 2020October 7, 2020 by EnergyNow Media

By Rod Nickel (Updates with government confirmation, comments from premier) WINNIPEG, Manitoba, Oct 6 (Reuters) – The province of Alberta will look to use its plentiful natural gas reserves to become an exporter of hydrogen, a clean-burning fuel, by 2040, Premier Jason Kenney said on Tuesday. The pandemic has hit Alberta’s oil industry hard, as … Read more

Shaft Alignment Basics – Becht

October 7, 2020 by EnergyNow Media

by Frederick Lea, Jr. “Shaft alignment is likely the most misunderstood facet of rotating installation and maintenance. Most shaft alignment today is done by laser alignment tools. But, the laser alignment tools are a “black box”. The problem with a black box is that you only get outputs with no knowledge of what is going … Read more

GeoVerra’s ExACT emissions monitoring technology provides a faster, more cost-effective and reliable solution to oil and gas producers in the Western Canadian Sedimentary Basin

October 7, 2020 by EnergyNow Media

Edmonton, AB (October 7, 2020) – 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. GeoVerra, … Read more

Pandell Acquires PetroNet Systems

October 7, 2020 by EnergyNow Media

October 5, 2020 Calgary, Alberta, Canada – Pandell Technology Corporation, a pioneer of Software-as-a-Service (SaaS) solutions to the energy industry, announced today that PetroNet production accounting software has joined Pandell’s comprehensive back-office software suite for oil and gas companies. Specific terms of the deal were not disclosed; however, it was described as an asset purchase … Read more

WATCH: 12 Years of Service in High River – Techmation Electric Controls Ltd.

October 7, 2020 by EnergyNow Media

Techmation’s High River field office has been in business since 2008. With years of experience in the industrial field, Techmation has continued to grow and support many local end users. With over 20 full time employees we are High River’s top electrical and instrumentation service provider. Techmation is proud of our twenty-four seven on call … Read more

WATCH: TRAC Creates 4D Construction Schedules using AR

October 7, 2020October 7, 2020 by EnergyNow Media

TRAC has created an Augmented Reality construction schedule that can be viewed through any mobile device. Your team members and clients can access a live model updated on a cloud network. All communication with schedule changes are mitigated in one centralized hub. No more headaches with construction schedules. This application is the first of … Read more

Word to the Wise: Open Asset Evaluation for October 2020

October 7, 2020 by EnergyNow Media

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Succeeding in oil and gas M&A comes down to how quickly and how … Read more

Irving Oil terminates purchase of North Atlantic Refinery Limited

October 7, 2020October 7, 2020 by EnergyNow Media

(Reuters) – Canada-based oil refinery operator Irving Oil on Tuesday said it has terminated an agreement for the purchase of North Atlantic Refinery Limited. Irving made the announcement on its website. In May, it had agreed to buy the owner of the idled 135,000 barrels per day Come-by-Chance refinery in Newfoundland, for an undisclosed price. … Read more

In 2020, It’s Now Open Season On Oil Workers – David Yager

October 7, 2020October 7, 2020 by EnergyNow Media

By David Yager October 6, 2020 Exactly when the prolonged downturn in Canada’s oil and gas industry becomes an “economic emergency” is a personal decision. For the tens of thousands who have lost their oilpatch jobs and never found another it could have happened anytime in the past five and one-half years. For thousands more … Read more

Uncertainty over future of refinery raises spectre of propane shortages in N.L.

October 8, 2020October 6, 2020 by The Canadian Press

The possible closure of Newfoundland’s only oil refinery is raising fears about a propane shortage that threatens thousands of residential, commercial and industrial users, including most restaurants in the province.
The Come By Chance refinery has be…

Workers at Newfoundland oil refinery meet amid fears over facility’s future

October 6, 2020October 6, 2020 by The Canadian Press

COME BY CHANCE, N.L. — Workers at an oil refinery in Come by Chance, N.L., are meeting this morning under a cloud of uncertainty.
Those heading into a meeting at the sprawling facility say they aren’t sure what to expect about their jobs or the future…

Oil Rises After Biggest Surge Since May on Stimulus Optimism

October 6, 2020 by EnergyNow Media

By Ann Koh, James Thornhill and Alex Longley Oct 6, 2020 (Bloomberg) Oil rose further after the biggest gain since May on growing optimism for more U.S. fiscal stimulus and as President Donald Trump left hospital following treatment for Covid-19.Futures added 1.2%, following Monday’s surge above $39 a barrel. House Speaker Nancy Pelosi and Treasury Secretary … Read more

Parex Plans 10% Share Buy-Back & Executing Exploration Program

October 6, 2020 by EnergyNow Media

October 05, 2020 | Source: Parex Resources Inc. CALGARY, Alberta, Oct. 05, 2020 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update. All currency amounts are in United States dollars, unless otherwise stated. Share Buy-Back: Pursuant to the … Read more

Bonterra Energy board of directors rejects Obsidian Energy takeover offer

October 6, 2020October 6, 2020 by The Canadian Press

CALGARY — Bonterra Energy Corp. says its board of directors has unanimously rejected a takeover offer by rival Obsidian Energy Ltd.
The Bonterra board says the offer is not in the best interests of the company and urged shareholders to reject the prop…

Post Pandemic Oil and Gas: Four Scenarios – Geoffrey Cann

October 6, 2020October 6, 2020 by EnergyNow Media

By Geoffrey Cann How might the world of oil and gas gas unfold in a post pandemic world, given rising nationalism challenging globalism, and fast growing renewables challenging fossil fuels? Backstory I’ve been invited by the Board of a technology company to share my views on the world of oil and gas in a post … Read more

2021 Canada Gas & LNG Exhibition & Conference Call For Abstracts Now Open!

October 6, 2020October 6, 2020 by EnergyNow Media

Submit an abstract and be part of Canada’s largest annual gathering of LNG industry stakeholders. Help lead the narrative of Canada’s leadership and competitiveness in the global marketplace at Canada Gas and LNG. #CGLNG2021 #YVRevents https://bit.ly/3ib8FMb

Wilks Brothers sweetens Calfrac takeover offer to 25 cents from 18 cents

October 6, 2020October 6, 2020 by The Canadian Press

$Calfrac Logo Feature$

CALGARY — Texas-based suitor Wilks Brothers, LLC, is sweetening its hostile takeover offer for Calgary-based Calfrac Well Services Ltd. by raising its bid to 25 cents per share from 18 cents.
The bid carries a maximum cash payout of $21.1 million, whi…

Canada Energy Regulator responds to crude oil release at Enbridge’s Express Line Pump Station, near Youngstown, Alberta

October 5, 2020 by EnergyNow Media

Canada Energy Regulator Oct 03, 2020 CALGARY, AB, Oct. 3, 2020 /CNW/ – The Canada Energy Regulator (CER) has been notified of an above ground crude oil release that occurred on October 2, 2020, at a pump station near Youngstown, Alberta. The release occurred on the Enbridge Express Pipeline The line has been shut down. Enbridge has reported that … Read more

Bonterra Energy Corp. Confirms $104 Million in Approved Credit Commitments From Export Development Canada, Business Development Bank of Canada and Alberta’s Site Rehabilitation Program

October 5, 2020 by EnergyNow Media

Bonterra Energy Corp. Oct 05, 2020 CALGARY, AB, Oct. 5, 2020 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce that it has received a reserve based lending commitment from Export Development Canada (“EDC”) of up to $38.4 million (the “EDC Commitment”). In addition, Bonterra is pleased to confirm that to date, its … Read more

TC Energy makes $2 billion offer to take over U.S. pipeline partnership

October 5, 2020October 5, 2020 by The Canadian Press

CALGARY — Pipeline and power company TC Energy Corp. is moving to buy out the other unitholders in TC PipeLines, LP, a U.S. master limited partnership it operates, for about US$1.48 billion (C$1.97 billion) in shares.
The Calgary-based company says it…

Oil Rallies From 3-Week Low Buoyed by Trump’s Improving Health

October 5, 2020 by EnergyNow Media

By Ann Koh and Alex Longley Oct 5, 2020 (Bloomberg) Oil rose from a three-week low after a member of Donald Trump’s medical team said the U.S. president could leave hospital as soon as Monday, despite contradictory accounts about his health. Futures advanced as much as 3.7% in New York, mirroring a broader relief rally in stock markets, … Read more

Norway oil strike expands, 8% of output at risk

October 5, 2020 by EnergyNow Media

By Reuters Staff OSLO (Reuters) – Norwegian oil workers expanded their ongoing strike on Monday, the Lederne labour union said, in an escalation expected by energy firms to shut oil and gas production at up to six offshore fields. The escalation could reduce Norway’s petroleum production capacity by as much as 330,000 barrels of oil … Read more

Court of Queen’s Bench of Alberta Approves Painted Pony’s Proposed Transaction with Canadian Natural Resources Limited

October 5, 2020 by EnergyNow Media

October 02, 2020 | Source: Painted Pony Energy Ltd. CALGARY, Alberta, Oct. 02, 2020 (GLOBE NEWSWIRE) — Painted Pony Energy Ltd. (“Painted Pony”) (TSX: PONY) today announces that the Court of Queen’s Bench of Alberta has granted a final order approving the previously announced proposed transaction with Canadian Natural Resources Limited (TSX, NYSE: CNQ) (the “Arrangement”). The … Read more

TC Energy announces offer to acquire all outstanding common units of TC PipeLines, LP

October 5, 2020 by EnergyNow Media

Proposes share-for-unit exchange October 05, 2020 | Source: TC Energy Corporation CALGARY, Alberta, Oct. 05, 2020 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced it has made a non-binding offer to acquire all the outstanding common units of the master limited partnership TC PipeLines, LP (NYSE: TCP) (TCP) … Read more

Two 25mmscfd+ SOUR Gas Plants for Sale – Reef Oilfield Inventory Ltd.

October 5, 2020 by EnergyNow Media

Reef Oilfield Inventory Ltd. (ROI, est. 2017) offers value-added surplus oilfield production equipment. From “As Is,” “Retrofitted/Repaired,” “Delivered” to “Engineered Surplus Solutions,” we are eager to announce the listing of two shut-in/preserved gas plants ready for your next application. Click the links for pictures and detailed information. To engage with us, request drawings, or inquire … Read more

WATCH: Avoid a second wave of COVID at your worksite

October 5, 2020 by EnergyNow Media

Watch this 2-min video to see the SensorUp technology in action. The stories are already rolling in: a case of a COVID infection breaking out at a nearby camp or worksite. How can you protect your workforce and workplace from a second wave of COVID? SensorUp provides technology that will automatically: Detect if a … Read more

Easily visualize spatial data to support planning on your next project – Challenger Geomatics

October 5, 2020 by EnergyNow Media

Download Whitepaper HERE We’re proud to announce that we have completed a significant upgrade of our web mapping platform. Challenger PlanworX will replace our previous CIGS web-based GIS allowing our clients to view the most up-to-date spatial information through a shared and modern interface. The web mapping platform includes access to our database of various … Read more

Noticeable value with EvoOne enabling high ROP without compromising Directional Measurements and Logging Quality

October 5, 2020 by EnergyNow Media

In the current downturn everyone is struggling to show value unless you demonstrate it as clearly as EvoOneTM with 12 bps. Evolution’s Unified TelemetryTM is enabling drilling at rates over 800 ft/hr and still ensure one gamma measurement per foot without compromising other measurements. The unique surface software nLIGHT(TM) provides a fantastic visualization tool to … Read more

Fast, safe and reliable COe /O2 gas analysis in ATEX Zone 20

October 5, 2020 by EnergyNow Media

Smoldering fires in silos and coal bunkers may be difficult to detect and extremely dangerous. Reliably and immediately recognizing a smoldering fire can save company assets from destruction and even save lives. Leave nothing to chance: SILOTEC 8000® SILOTEC 8000, a self-monitoring analytical system for gas analysis in Zone 20 continuously measures the indicators O2 … Read more

Canada’s Environmental, Social, Governance (ESG) Leadership – Canada Action

October 5, 2020October 5, 2020 by EnergyNow Media

Canada’s natural resource sector already enjoys a world-leading record for overall environmental, social and governance (ESG) performance. However, resource companies involved in natural resource production have recognized that merely doing the right thing is no longer enough. Actions taken on improving ESG need to be coupled with the documentation that shows these companies are making a continuous improvement on … Read more

Oil Majors Bear the Brunt in Canada’s Energy Stock Rout

October 5, 2020October 5, 2020 by EnergyNow Media

By Divya Balji and Michael Bellusci Oct 2, 2020 (Bloomberg) Canadian oil and gas stocks never really recovered from the global financial crisis. They had a bounce in 2009 as the economy improved, but a surge in U.S. shale production sparked another crash in 2014.The bullish case for Alberta’s oil-sands companies is that they own a … Read more

U.S. oil refiners look to leapfrog Canadians in making renewable diesel

October 5, 2020 by EnergyNow Media

By Rod Nickel, Laura Sanicola WINNIPEG, Manitoba/NEW YORK (Reuters) – U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants. Parkland Corp’s refinery, which includes production of renewable diesel, is seen in an undated aerial photograph in Burnaby, British Columbia, … Read more

The oil and gas sector’s contribution to Canada’s economy in a “slump” year – Lennie Kaplan and Mark Milke

October 5, 2020October 5, 2020 by EnergyNow Media

Amid 2016 swoon in oil prices, Canadian energy industry remained important contributor to output, GDP and jobs By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A welder works on a piece of pipe. Government of Alberta photo To sign up to receive the latest Canadian … Read more

Canada Weekly Rig Count Up 4 for Week Ending October 2, 2020

October 5, 2020October 5, 2020 by EnergyNow Media

Canada’s drilling rig count is up 4 active drilling rigs according to data collected by Baker Hughes for the week ending October 2, 2020. From one week ago, Alberta rig counts increased 1 to 42 and the Saskatchewan rig counts increased 3 to 18. Oil drilling increased 4 to 37 and gas stayed at 38. … Read more

Saudi Arabia Pegs Budget to Oil at Around $50, Goldman Says

October 4, 2020 by EnergyNow Media

By Abeer Abu Omar and Matthew Martin Oct 4, 2020 (Bloomberg) Saudi Arabia’s Finance Ministry is budgeting for oil prices to be around $50 a barrel for the next three years, according to a Goldman Sachs Group Inc. analysis of the kingdom’s fiscal plans. “Using our own estimates for the breakdown of government revenues, we calculate that … Read more

Small company keeps hope of west-east Canadian pipeline alive – Deborah Jaremko

October 4, 2020October 3, 2020 by EnergyNow Media

Canadian Prosperity Pipelines Corporation looking for investors to build 4,800-km link between Western Canada and eastern customers and ports By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Irving Oil-chartered tanker Cabo de Hornos loads oil destined for a refinery in New Brunswick at the Trans … Read more

U.S. drillers add oil and gas rigs for third week in a row – Baker Hughes

October 3, 2020October 3, 2020 by EnergyNow Media

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since October 2018 after price increases in recent months prompted some producers to start drilling again. The oil and gas rig count, an early indicator of future output, rose five to … Read more

Suncor Energy says it will cut 10 to 15 per cent of its workforce over next 18 months

October 3, 2020October 3, 2020 by The Canadian Press

CALGARY — Oil and gas giant Suncor Energy Ltd. says it will eliminate as many as 1,930 jobs over the next 18 months as a result of cost-cutting to deal with low oil prices and market volatility.
Spokeswoman Sneh Seetal says CEO Mark Little told employ…

Painted Pony shareholders approve sale to Canadian Natural Resources

October 2, 2020October 2, 2020 by The Canadian Press

CALGARY — Shareholders in Calgary-based Painted Pony Energy Ltd. have approved its sale to much larger Canadian Natural Resources Ltd. for 69 cents per share.
The company says more than 86 per cent of its shares were voted in favour of the friendly ta…

OPEC Output Steady as UAE Cut Offsets Gains in Troubled Members

October 2, 2020 by EnergyNow Media

By Grant Smith and Julian Lee Oct 1, 2020 (Bloomberg) OPEC’s crude output held steady last month as the United Arab Emirates pulled production back sharply in atonement for recent months of oversupply.The UAE slashed by 310,000 barrels a day, or roughly 10%, according to a Bloomberg survey, in order to better comply with limits set … Read more

Oil Extends Losses After President Trump Says He Has Covid-19

October 2, 2020 by EnergyNow Media

By Sharon Cho, Elizabeth Low and Serene Cheong Oct 2, 2020 (Bloomberg) Oil extended losses on Friday as it got caught up in a broad downward move in financial markets after President Donald Trump said he had tested positive for the Covid-19 virus. Futures in New York fell toward $37 a barrel, while global benchmark Brent … Read more

Trudeau Retools Canada Infrastructure Bank for Covid Recovery

October 2, 2020 by EnergyNow Media

By Kait Bolongaro Oct 1, 2020 (Bloomberg) Prime Minister Justin Trudeau mapped out a new plan for Canada’s infrastructure bank as his government looks for ways to spur long-term economic growth after the Covid-19 pandemic. The new strategy commits C$10 billion ($7.5 billion) over three years through the Canada Infrastructure Bank and is expected to create … Read more

Permit in Hand, An Entrepreneur Starts on Alaska-Alberta Railway

October 2, 2020 by EnergyNow Media

By Michael Bellusci Sep 30, 2020 (Bloomberg) The team behind the proposed Alaska to Alberta railway aims to start prep work for construction in December, with a goal of getting the $17 billion cross-border railroad running by 2025.Sean McCoshen, founder and chairman of the company behind the project, said he has spent $100 million on studies and engineering … Read more

Cordy Oilfield Services Announces Appointment of Amber Johnson as Chief Financial Officer

October 2, 2020 by EnergyNow Media

October 01, 2020 | Source: Cordy Oilfield Services Inc. CALGARY, Alberta, Oct. 01, 2020 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) is pleased to announce that Amber Johnson has joined Cordy as its Chief Financial Officer (“CFO”) effective October 5th, 2020. Ms. Johnson has over 18 years of experience in all aspects … Read more

Petrus Resources Announces Fourth Quarter Capital Budget and Market Update

October 2, 2020 by EnergyNow Media

October 01, 2020 | Source: Petrus Resources Ltd. photo-release Petrus Resources Ltd. Commodity Price Changes CALGARY, Alberta, Oct. 01, 2020 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces its fourth quarter 2020 capital budget and provides a market update. Petrus’ Board of Directors approved a fourth quarter 2020 capital budget of $4.7 … Read more

Painted Pony Receives Securityholder Support for its Acquisition by Canadian Natural Resources Limited

October 2, 2020 by EnergyNow Media

October 01, 2020 | Source: Painted Pony Energy Ltd. CALGARY, Alberta, Oct. 01, 2020 (GLOBE NEWSWIRE) — Painted Pony Energy Ltd. (“Painted Pony”) (TSX: PONY) is pleased to announce that at a special meeting held today (the “Meeting”), its shareholders and optionholders voted to approve its previously announced proposed transaction with Canadian Natural Resources Limited (“Canadian Natural”) (TSX, … Read more

Carbon Sequestration: What it is, Why it’s Important & How it’s Contributing to Lowering GHG Emissions – Canada Action Coalition

October 2, 2020October 2, 2020 by EnergyNow Media

by Tatianna Pratt Follow Canada Action on Linkedin Follow Canada Action on Twitter Follow Canada Action on Facebook See Original Article Here As human beings living on this planet, we have an undeniable impact on it. Of course there are ways that we can, and should reduce our environmental footprint, but the fact is that as we … Read more

Risk Matters: 8 Reasons Why Risk Discovery Should Be Your Top Priority

October 2, 2020 by EnergyNow Media

When you finish a risk assessment like a Process Hazards Analysis (PHA), how do you measure your success? Did you get hot lunches or was it the dreaded corporate sandwich plate? Obviously, the meals provided aren’t the best measure, so what is? How good you feel about the work? How many scenarios you created? If … Read more

Schachter’s Eye on Energy: US crude oil demand falls nearly 1.0Mb/d last week. Wave Two is coming to the US and crude prices will fall below US$36/b in October.

October 2, 2020October 2, 2020 by EnergyNow Media

Court hearing to resume in B.C. over Coastal GasLink pipeline

October 2, 2020October 2, 2020 by The Canadian Press

VANCOUVER — A court hearing is set to resume today in a pipeline dispute that led to nationwide protests in February.
The British Columbia Supreme Court is hearing arguments over the province’s extension of an environmental assessment certificate for …

FIRESIDE CHAT With Kim G C Moody & Economist Dr. Jack Mintz – October 6th – Complimentary: Details & Sign Up Here

October 2, 2020October 2, 2020 by EnergyNow Media

Moodys Tax CEO Kim G C Moody will be joined by Economist Dr. Jack Mintz of the University of Calgary’s School of Public Policy for an online fireside chat on Oct. 6. Tune in for a discussion about exciting updates from the world of Moodys Tax, followed by a discussion with Dr. Mintz about: The … Read more

Obsidian Energy Announces Alberta Site Rehabilitation Program Awards and Hedging Update

October 1, 2020 by EnergyNow Media

NEWS PROVIDED BY Obsidian Energy Ltd. Oct 01, 2020 CALGARY, AB, Oct. 1, 2020 /CNW/ – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to provide an update on our Alberta Site Rehabilitation Program (“ASRP”) grant applications and to give details on additional commodity hedges made during the third … Read more

Paramount Resources Ltd. Acquires Common Shares of NuVista Energy Ltd.

October 1, 2020 by EnergyNow Media

NEWS PROVIDED BY Paramount Resources Ltd. Oct 01, 2020 This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids CALGARY, AB, Sept. 30, 2020 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) announces that it acquired direct ownership and control of 17,324,000 common shares (“NuVista Shares”) … Read more

Wet’suwet’en Legal Challenge to Coastal GasLink to be heard in the BC Supreme Court

October 1, 2020 by EnergyNow Media

NEWS PROVIDED BY Office of the Wet”suwet”en Oct 01, 2020 WET’SUWET’EN YINTAH AND VANCOUVER, BC, Oct. 1, 2020 /CNW/ – The Office of the Wet’suwet’en is asking the B.C. Supreme Court to set aside B.C.’s decision to extend the environmental certificate for Coastal GasLink’s (CGL) proposed fracked gas pipeline in northern B.C. for another five years. The Wet’suwet’en … Read more

Oil and gas rival Paramount Resources says it may make a takeover bid for NuVista

October 1, 2020October 1, 2020 by The Canadian Press

CALGARY — The acquisition of a 17.6 per cent stake in Calgary oil and gas producer NuVista Energy Ltd. by rival Paramount Resources Ltd. is part of a trend toward “forced” consolidation in the troubled Canadian energy sector, analysts say.
Shares in N…

Ontario will abide by judge’s ruling against carbon tax stickers, minister says

October 1, 2020October 1, 2020 by The Canadian Press

TORONTO — Ontario will not appeal a court ruling against its anti-carbon tax stickers, the government said Thursday, putting an end to an 18-month political and legal battle between Ottawa and the province.
Last month, a Superior Court judge struck do…

Oil Drops Below $40 With Demand Outlook Increasingly Shaky

October 1, 2020 by EnergyNow Media

By Elizabeth Low and Alex Longley Oct 1, 2020 (Bloomberg) Oil fell below $40 a barrel with a challenged demand outlook and higher supplies from OPEC+. As the coronavirus continues to spread, there are ominous signs for consumption. A 7-day moving average of worldwide commercial flights declined to the lowest since mid-August, according to Flightradar24, a website that … Read more

Summer Rebound Will Be as Good as It Gets for Canadian Economy

October 1, 2020 by EnergyNow Media

By Shelly Hagan and Theophilos Argitis Sep 30, 2020 (Bloomberg) It took four months for Canada’s economy to recover almost three-quarters of its pandemic losses. Repairing the remaining damage could take years.Output jumped 4% in July and August, Statistics Canada reported Wednesday, bringing gross domestic product to about 95% of levels in February, the last full … Read more

Bonterra Energy Corp. Announces Extension of Revolving Credit Facility to Finalize BDC-Approved $45 Million Term Facility

October 1, 2020 by EnergyNow Media

CALGARY, AB, Sept. 30, 2020 /CNW/ – 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 October 30, 2020 from September 30, 2020. The credit facility will continue to be available on a revolving basis until that … Read more

Altura Energy Inc. Announces the Closing of Stage Two of a Previously Announced Asset Disposition

October 1, 2020 by EnergyNow Media

NEWS PROVIDED BY Altura Energy Inc. Sep 30, 2020 CALGARY, AB, Sept. 30, 2020 /CNW/ – Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) announces the closing of the September 30, 2020 asset disposition. As disclosed in the Corporation’s June 30, 2020 news release, Altura entered into an amending agreement to change the timing of the second transaction in the December 4, 2019 definitive … Read more

Cardinal Energy Ltd. Announces Extension of Revolving Credit Facility

October 1, 2020 by EnergyNow Media

September 30, 2020 | Source: Cardinal Energy Ltd. CALGARY, Alberta, Sept. 30, 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 October 30, 2020. The credit facility continues to be available, on a revolving basis, until that date. … Read more

Gibson Energy Announces $1 Million Donation to Trellis Towards Youth Mental Health Support

October 1, 2020 by EnergyNow Media

October 01, 2020 | Source: Gibson Energy Inc. CALGARY, Alberta, Oct. 01, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. and Trellis (formerly the Boys & Girls Clubs of Calgary and Aspen Family & Community Network Society) announced today a $1 million donation – the largest contribution in Gibson’s history – to provide mental health support to … Read more

TransAlta and Tidewater selling Pioneer Pipeline to Atco instead of TC Energy

October 1, 2020October 1, 2020 by The Canadian Press

CALGARY — TransAlta Corp. and its partner, Tidewater Midstream & Infrastructure Ltd. have signed a new deal to sell the Pioneer Pipeline to Atco Gas and Pipelines Ltd. for $255 million, replacing an earlier agreement to sell it to a subsidiary of TC E…

CALLING ALL SALES SUPERHEROES: EnergyNow is Hiring! Sales & Business Development Manager – Content Marketing Team: Details & Apply HERE!

October 1, 2020October 1, 2020 by EnergyNow Media

Sales & Business Development Manager – Opportunities in Canada and United States JOB DESCRIPTION EnergyNow is looking for a sales representative with an entrepreneurial spirit and the drive to provide & support online marketing services for the energy industry. The successful candidate will be working with their own client list with uncapped earnings potential. We … Read more

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