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Obsidian Energy Announces Winter 2020 Drilling Program Start and Progression of Bigoray Egress Capital Project

CALGARY, AB, Nov. 30, 2020 /CNW/ – OBSIDIAN ENERGY LTD. (TSX: OBE), (OTCQX: OBELF) (“Obsidian Energy” or the “Company“) today announced an update to its 2020 capital spending plan due to the re-initiation of our Cardium development program. VIEW PDFObsidian Energy Announces Winter 2020 Drilling Program Start and Progression of Bigoray Egress Capital Project Press Release (CNW Group/Obsidian … Read more

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AltaGas Ltd. Closes Aggregate $700 Million Medium Term Note Offerings

CALGARY, AB, Nov. 30, 2020 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company” ) (TSX: ALA) today announced that it has completed its issue of $500 million of senior unsecured medium term notes (the “7.5 Year Notes”) with a coupon rate of 2.075 percent, maturing on May 30, 2028 and $200 million of senior unsecured medium term notes (the “10 Year Notes”) with a … Read more

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Oil Retreats on Signs of OPEC+ Discord Ahead of Key Meeting

Oil Prices

By Ann Koh and Alex Longley  Nov 30, 2020 Oil dropped below $45 a barrel as a consensus within OPEC+ to postpone an output hike planned for January remained elusive ahead of a meeting of the cartel’s power brokers later on Monday. Futures in New York declined 1.7%. Most participants in an informal online gathering … Read more

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OPEC+ to discuss extending oil cuts or gradually raising output, sources say

DUBAI/LONDON (Reuters) – OPEC+ members will consider whether to extend existing oil cuts for three to four months or to increase output gradually from January during their two days of talks that start on Monday, OPEC+ sources told Reuters. Officials from the Organization of the Petroleum Exporting Countries, Russia and others, a group known as … Read more

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Canadian indigenous deal with KXL oil pipeline took years, aims to unlock long-term wealth

Keystone XL pipeline

WINNIPEG, Manitoba (Reuters) – TC Energy Corp’s sale of a C$1 billion ($769 million) stake in Keystone XL (KXL) to a Canadian indigenous group is the result of over three years of pressure from a tiny Saskatchewan First Nation that demanded part ownership of the long-delayed oil pipeline, rather than short-term payments for allowing it … Read more

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Oil prices face uphill struggle in 2021 despite vaccine progress: Reuters poll

Oil drop

(Reuters) – Oil prices will struggle to gain upward traction next year as demand remains in the grip of the coronavirus pandemic despite growing optimism over vaccines and a likely extension of output cuts by top producers, a Reuters poll showed on Monday. The poll of 40 economists and analysts forecast Brent would average $49.35 … Read more

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A MATTER OF FACT: Canada needs Line 3, TMX and Keystone XL – Deborah Jaremko

Suggestions that Canada doesn’t need trio of critical pipeline projects ignore opportunities to meet global demand By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A yard with pipe for the Keystone XL project. Photograph courtesy TC Energy This week the Canada Energy Regulator released its Canada’s Energy … Read more

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Revival of the Fittest: Oil and gas companies can turn permanent change wrought by COVID-19 and economic upheaval into competitive advantage – KPMG

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For oil and gas companies used to boom and bust cycles, this downturn seems different. There’s no turning back from some of the permanent, structural shifts driven by the global response to the COVID-19 pandemic. In fact, COVID-19 accelerated trends already underway. Customer service and technology expectations, generational preferences, and global demand for cleaner energy … Read more

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Beginner’s Guide to the Enhanced Production Audit Program (EPAP)

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What is the Enhanced Production Audit Program (EPAP)? EPAP is a program that helps companies improve their measurement and reporting processes, in order to meet AER requirements in Alberta and MER in Saskatchewan. Meeting AER & MER requirements are mandatory and beneficial to your entire organization. With an excellent understanding of EPAP and related business … Read more

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Wanted: Contaminated Soil for Research Project – Delta Remediation and University of Calgary Department of GeoScience

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Delta Remediation (Delta) and the University of Calgary (U of C) Department of GeoScience are formalizing their third research project, this time in the field of Produced Water (Sodium Chloride) remediation. The research team is seeking both contaminated soils and interested industry partners for this upcoming research project. Please contact Delta Remediation through its web … Read more

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SPECIAL OFFER on METTLER TOLEDO ISM pH Sensors – Westech

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Take all guesswork out of maintenance decisions and reduce the possibilities of human error with Mettler Toledo’s Intelligent System Management (ISM)! This cutting-edge measurement system utilizes intelligent sensors that learn from your processes which will lower your instrument lifecycle as well as production costs. BENEFITS Error Free Measurement Reduce Maintenance time by 60% Robust Digital Signal Advance Diagnostics … Read more

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What, Where, When, Why and How “Hydrogen”? – Acero Engineering

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Full Disclosure: The author of this article (Mark Kuppe, CEO at Acero Engineering) is a die-hard Oil and Gas advocate especially for Oil and Gas extracted from the cleanest place on planet earth – Western Canada.  The author also loves mother earth and doesn’t feel that the passion for oil and gas extraction in Western … Read more

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WEBINAR: A Closer Look at Methane Emission Funding Programs and Alt FEMP Options – Tues: December 8th – Keneco Environmental and The Sniffers

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When Tuesday 8th December 2020 10 AM – 11.15 AM MT Why What is a sustainable approach to reduce VOC and methane emissions? What financial options are available from the Provincial and Federal programs? During this webinar, Keneco Environmental and The Sniffers will share how to report accurate and auditable data in a cost effective … Read more

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Re-thinking Your Water Monitoring Program: How Small Tweaks Lead to Big Operational Wins

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Groundwater monitoring at licenced facilities and other government-sanctioned activities has been ongoing for decades. Over time, many of these monitoring networks have evolved into substantial systems requiring routine sampling and maintenance. With that, the annual costs associated with this approval-required monitoring can be substantial. As you start planning for your 2021 monitoring program, have you … Read more

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How to Improve Field Productivity with a Single Source of Truth

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By Vista Projects What does a cloud computing platform have to do with the oil and gas industry? The answer: mass data aggregation and accessibility. Digital Oilfield Outlook The Digital Oilfield Outlook Report 2020 explores the state of the oil and gas sector’s digital transformation. In what is perhaps the biggest indication of how the … Read more

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Minnesota tribes file to halt pipeline approval due to virus

Two Native American tribes in northern Minnesota are asking state regulators to stop the imminent construction of Enbridge Energy’s Line 3 crude oil pipeline replacement, saying it would increase the risk of coronavirus infections spreading.
The Red L…

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U.S. drillers add oil and gas rigs for fourth month -Baker Hughes

 (Reuters) – U.S. energy firms added oil and natural gas rigs this week, boosting the oil count for the fourth month in a row as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid June. The oil and gas rig count, an early indicator of future output, rose … Read more

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The Pandemic Has Broken Shale and Left Oil Markets in OPEC Hands

By Kevin Crowley, David Wethe and Sheela Tobben Nov 28, 2020 (Bloomberg) OPEC’s oil ministers have a few challenges to consider at a crucial summit next week, but for the first time in years the shale boom won’t be at the top of the list.A devastating global pandemic and a reckoning with Wall Street appear to … Read more

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OPEC+ Fails to Agree on Output-Hike Delay Before Big Meeting

By Dina Khrennikova, Grant Smith, Salma El Wardany and Javier Blas Nov 29, 2020 (Bloomberg) A panel of OPEC+ ministers couldn’t reach an agreement on whether to delay January’s oil-output increase, leaving the matter unresolved before a full meeting of the cartel and its allies on Monday.Most participants in an informal online discussion on Sunday evening … Read more

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FREE WEBINAR: LoRaWAN – A Digital Revolution for Oil & Gas, December 8, 2020

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LoRa Alliance is hosting a FREE webinar on the Industrial Internet of Things (IoT). They will be discussing how organizations can become more digitized safely and successfully while increasing their ROI using the LoRaWAN protocols. With guest speakers from Chevron, MultiTech, Tektalic and more. Register today and don’t miss this one of a kind event!!

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Influential Indigenous leader throwing weight behind radio frequency oil sands technology – By Deborah Jaremko

Jim Boucher, former chief of the Fort McKay First Nation, will help raise profile of Acceleware | Kisâstwêw as company works toward commercialization By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Former Fort McKay chief Jim Boucher, founder of the Saa Dene Group of Companies. Photograph … Read more

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COMMENTARY: 57,000 jobs from oil and gas spending in British Columbia – Mark Milke and Ven Venkatachalam

How much do the oil and natural gas industries contribute to British Columbia’s economy? In short: A lot By Mark Milke and Ven Venkatachalam Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Transport truck driving along Highway 99 in British Columbia. Want to know how much the oil and natural gas … Read more

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Hydrogen Tops Canadian Investors’ Clean Energy List, HSBC Says

By Esteban Duarte Nov 27, 2020 (Bloomberg) Hydrogen is the clean energy investment that appeals the most to Canadian asset managers, while companies prefer solar, according to a survey carried out for HSBC Holdings Plc. Interestingly, among 17 options for the reduction of greenhouse-gas emissions, the most favored by each group, hydrogen and solar, was among … Read more

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Highwood Oil Company Ltd. Announces Third Quarter 2020 Results

/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES./ CALGARY, AB, Nov. 26, 2020 /CNW/ – Highwood Oil Company Ltd., (“Highwood” or the “Company“) (TSXV: HOCL) is pleased to announce financial and operating results for the quarter ended September 30, 2020. The Company also announces that its unaudited financial statements and associated Management’s Discussion and Analysis (“MD&A“) for … Read more

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Pandemic brings forward predictions for peak oil demand

(Reuters) – The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world’s demand for oil may peak. The rise of electric vehicles and a shift to renewable energy sources were already prompting downward revisions in forecasts for long-term oil demand. While there … Read more

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Oil Edges Higher With OPEC+ Planning Weekend Talks on Output Cuts

By Saket Sundria and Alex Longley Nov 27, 2020 (Bloomberg) Brent oil edged higher near $48 with the market focus shifting to an OPEC+ ministerial gathering that will take place early next week.Futures, which fluctuated between gains and losses, are up about 7% this week. Saudi Arabia and Russia have convened informal OPEC+ talks for Saturday, according to … Read more

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OPEC+ Calls Last-Minute Talks Ahead of Decision on Oil Cuts

By Grant Smith, Salma El Wardany and Dina Khrennikova Nov 27, 2020 (Bloomberg) Saudi Arabia and Russia summoned the OPEC+ alliance for last-minute talks on Saturday, just before it’s due to decide whether to delay January’s output increase.A clear majority of OPEC+ watchers expect the group to maintain their supply curbs at current levels for a few months … Read more

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How Politicians Are Hiding The True Cost Of Higher Energy Prices – David Yager

By David Yager After the COVID-19 virus chaos finally ends – and it will end – it will unfortunately be replaced by another major challenge. At the end of next year, Canadians will have to deal with one of the most economically damaging and disruptive public policies in history, the Clean Fuel Standard (CFS). This … Read more

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Keystone XL’s Indigenous Investors Plan to Secure Financing Soon

By Robert Tuttle Nov 26, 2020 (Bloomberg) The indigenous group seeking to buy a stake in TC Energy Corp.’s Keystone XL oil pipeline expects to secure financing by the first quarter of next year. Natural Law Energy, which represents five indigenous communities in Alberta and Saskatchewan, is confident the funding will allow it to acquire as … Read more

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Marksmen Announces Q3 2020 Filings on SEDAR

November 26, 2020  | Source: Marksmen Energy CALGARY, Alberta, Nov. 26, 2020 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSXV: MAH) (OTCQB: MKSEF) (“Marksmen” or the “Company”) announces that it has filed disclosure documents for the three and nine-months ended September 30, 2020 on SEDAR as listed below: Unaudited Financial Statements Management’s Discussion and Analysis CEO certificate of interim … Read more

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Cordy Oilfield Services Inc. Reports Third Quarter 2020 Results

November 26, 2020 17:30 ET | Source: Cordy Oilfield Services Inc. CALGARY, Alberta, Nov. 26, 2020 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released today its third quarter 2020 results. Three months ended September 30, Nine months ended September 30, ($ 000’s) 2020 2019 ($) Change 2020 2019 ($) Change Revenue … Read more

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Razor Energy Corp. Announces Third Quarter 2020 Results

November 27, 2020  | Source: Razor Energy Corp. CALGARY, Alberta, Nov. 27, 2020 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its third quarter 2020 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements … Read more

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Calfrac says appeal court rejects Wilks Brothers attempt to block recapitalization

Calfrac Logo Feature

CALGARY — Calfrac Well Services Ltd. says the Alberta Court of Appeal has rejected an attempt by Wilks Brothers LLC to block the approval of the company’s recapitalization plan.
The company says it has been advised by the court that the Wilks Brothers…

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The method of extracting the oil sands without mining and reducing environmental impacts does exist

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“A team you can count on. A product you can trust.” Steam assisted gravity drainage or SAGD is a method that is widely used to extract bitumen from underground bitumen deposits. This method involves forcing steam into sub-surface oil deposits to heat the bitumen locked in the sand, allowing it to flow well enough to … Read more

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Schachter’s Eye on Energy: Three week vaccine rally nears end. WTI crude has lifted US$5+/b over this time and is extremely overbought.

Josef Schachter

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

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Fossil Fuels Will Play a Key Role in Canada’s Energy Mix, Even 30 Years from Now: Report

November 24, 2020 CNW CALGARY, AB – A new energy outlook from the Canada Energy Regulator (CER) finds that Canada’s fossil fuel consumption declines over the next 30 years but without an accelerated energy transition, fossil fuels will still make up more than 60% of Canada’s fuel mix in 2050. Canada’s Energy Future 2020: Energy Supply and Demand Projections to 2050 explores how … Read more

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DON’T BE LEFT BEHIND! IGNITE YOUR DIGITAL MARKETING – Generate Up to 10X More Sales Leads from Your Digital Content & Advertising

WE HELP GENERATE PRE-QUALIFIED SALES LEADS FROM YOUR DIGITAL CONTENT AND ADVERTISING ON ENERGYNOW Lead generation and nurturing is the #1 business development activity and challenge which most companies face. Are you experiencing this challenge or problem as well? If YES, please read on! Many companies struggle to generate qualified sales leads which makes it … Read more

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Energy Stocks Set to Bear Brunt of Canadian Tax-Loss Selling

By Michael Bellusci and Aoyon Ashraf Nov 25, 2020 (Bloomberg) Energy, cannabis and travel stocks may come under pressure as Canadian investors sell to trigger tax losses before the end of December. Oil and gas producers look particularly vulnerable to this year’s selling within Canada’s S&P/TSX Composite Index, as Covid-19 pushed oil to record lows earlier … Read more

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World’s Biggest Wind Park to Be Built Offshore U.K.

By Lars Paulsson Nov 26, 2020, (Bloomberg) SSE Plc and Norwegian energy major Equinor ASA will proceed with the world’s biggest offshore wind park in the North Sea after reaching financial close on the joint venture.Dogger Bank, off the English east coast, will have skyscraper-sized turbines and produce enough renewable electricity to supply 5% of the … Read more

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Oil Slips From 8-Month High as Rally Fizzles Out

By Saket Sundria and Alex Longley Nov 26, 2020 (Bloomberg) Oil fell from an eight-month high as the dollar recovered, while disparities in demand set the stage for OPEC+’s key policy meeting next week. Futures in New York dropped 1%, with the dollar erasing earlier declines to trade higher. After stellar gains so far this month, … Read more

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Exxon to cut up to 300 jobs in Canada

November 25, 2020 U.S. oil major Exxon Mobil Corp said on Wednesday it plans to reduce up to 300 positions in Canada as part of an ongoing cost-cut plan due to a coronavirus-driven slump in oil prices. Reductions will include positions at Imperial Oil Ltd, ExxonMobil Canada Ltd, and ExxonMobil Business Centre Canada ULC, the company said. Oil producers, … Read more

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AltaGas Ltd. Announces Aggregate $700 Million Medium Term Note Offerings

CALGARY, AB, Nov. 25, 2020 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) today announced that it has agreed to issue $500 million of senior unsecured medium term notes (the “7.5 Year Notes”) with a coupon rate of 2.075 percent, maturing on May 30, 2028 and $200 million of senior unsecured medium term notes (the “10 Year Notes”) with a coupon rate of 2.477 percent, … Read more

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Briko Energy Corp. Announces Third Quarter 2020 Financial and Operating Results

Calgary, Alberta–(Newsfile Corp. – November 25, 2020) – Briko Energy Corp. (“Briko” or the “Corporation”) is pleased to report its financial and operating results for the three and nine months ended September 30, 2020. Financial and operational information is set out below and should be read in conjunction with Briko’s September 30, 2020 condensed unaudited interim … Read more

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Delphi Energy Corp. Files Third Quarter 2020 Results

November 25, 2020  | Source: Delphi Energy Corporation CALGARY, Alberta, Nov. 25, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that it has filed its interim financial statements and related management’s discussion and analysis for the three and nine months ended September 30, 2020 with the Canadian securities regulatory authorities on SEDAR. About Delphi Energy Corp. … Read more

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Arrow Exploration Announces Third Quarter 2020 Financial and Operating Results

November 25, 2020  | Source: Arrow Exploration Corp. CALGARY, Alberta, Nov. 25, 2020 (GLOBE NEWSWIRE) — ARROW Exploration Corp. (“Arrow” or the “Company”) (TSXV: AXL) is pleased to announce the filing of its unaudited Financial Statements and MD&A for the quarter-ended September 30th, 2020, which are available on SEDAR (www.sedar.com). The financial and operating highlights for the … Read more

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CASE STUDY: Pipeline System Pressure Test – STEP Engineered Pipeline Services

Step Energy Services Feature

A Canadian energy transportation company relied on STEP Energy Services for technical and infield execution of its recertification pressure test during a time-sensitive outage. STEP was chosen for this important pressure test because of safe work practices, personnel experience in pipeline pressure testing, engineering simulation and planning techniques, and STEP’s state of the art in-field, … Read more

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Assessing Western Canada’s Readiness to Compete in an Emerging Hydrogen Economy

Western Canada has a challenge. And an opportunity. The challenge is that due to global focus on reducing greenhouse gases, fluctuating prices and demand for fossil fuels, and increased public scrutiny on the oil and gas industry in general, it is necessary for us to look for new ways to diversify and respond to these … Read more

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The Pandell Leadership Series Presents: Lay of the Land, Thursday December 3, 2020

Thursday, December 3rd | 2:00pm – 3:00pm MDT Lay of the Land: Converging Energy Sectors and the Impact on Land Management in Canada A Discussion with Larry Buzan & Janice Redmond Join our next webinar in the Pandell Leadership Series and learn from land services experts Larry Buzan, two-term past President of CAPL, and Janice … Read more

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Imperial Oil to lay off 200 workers following cost-cutting analysis

Calgary-based Imperial Oil Ltd. says it will lay off about 200 of its 6,000 employees as part of a cost-cutting initiative.The company, which has been reluctant to reduce staff during the current and previous industry downturns, also confirms it has r…

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Crude-by-rail shipments bounce back from summer lows in September, says CER

CALGARY — Canadian exports of crude oil by rail are bouncing back after falling to an eight-year low in July.
The Canada Energy Regulator says rail shipments of oil in September amounted to 94,440 barrels per day, nearly double the 51,000 bpd shipped …

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PERSPECTIVE: Warp Speed for Clean Energy? That Won’t Work: Tyler Cowen

By Tyler Cowen Nov 25, 2020 (Bloomberg Opinion) Given the success of Operation Warp Speed in driving vaccine development, some commentators have called for Warp Speed equivalents for clean energy — including batteries, geothermal power and nuclear microreactors. Before agreeing to any such plan, however, it’s worth asking what enabled Operation Warp Speed to deliver quality vaccines so fast.The … Read more

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Oil Advances From Eight-Month High on Demand Optimism

Oil Prices

By Saket Sundria and Alex Longley Nov 25, 2020 (Bloomberg) Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a Covid-19 vaccine will lead to a swift recovery in global energy demand next year. Futures in New York rose 1.2% to trade above $45 a barrel. That followed … Read more

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Canada Welcomes Choice of Kerry as U.S. Climate Czar, Will Defend Pipeline

By David Ljunggren OTTAWA (Reuters) – Canada welcomes the choice of John Kerry as new U.S. climate envoy but will press Washington not to cancel permits for an oil pipeline he opposes, Ottawa’s ambassador to the United States said on Tuesday. “We see a huge number of opportunities to work with the Americans on the … Read more

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Analysis: Carbon pricing rises as world’s weapon of choice in climate fight

LONDON/BRUSSELS (Reuters) – Can you put a price on pollution? Some of the world’s biggest economies are doing just that as they wrestle with how to make good on grand pledges to tame planet-warming emissions. Matters are coming to a head. China, Japan and South Korea have all followed the European Union in pledging to … Read more

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XI Technologies: Tracking the Alberta inactive well list

November 25, 20205:40 AM XI Technologies 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.  As Alberta’s oilfields continue to age and some … Read more

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Rimini Street Client Stories: Eco-Friendly Transportation Leader on Track to Sustainability with Independent IT Support

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Green Cargo: Rimini Street has become one of five trusted strategic IT partners as Green Cargo looks to implement its agile, low-code IT model. The company knew Rimini Street could be depended on to secure, stabilize, and improve its critical SAP ECC6 EHP 7 platform for many years to come, identifying 24 possible activities where … Read more

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Recent Advances in Becht’s HTHA Damage Modeling Approach – Part 5: Time-Dependent Nelson Curves for Carbon and C-0.5Mo Steels

Overview The first four parts of this series have described the updated Becht HTHA model and presented extensive validation for its application to Carbon Steel and C-0.5Mo.  Based on this validation, time-based Nelson Curves for Carbon Steel (CS) and C-0.5Mo suitable for inclusion in API RP 941 [1] are now presented. General Assumptions Curves are … Read more

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Position Sensing (SMART) Cylinders: The Ultimate in Automation

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Hydraulic and Pneumatic cylinders have become high tech. By incorporating position sensing (SMART) technology, mobile hydraulic and industrial applications are seeing major benefits in operations where productivity is everything. The technology has been around for decades, but after years of field experience and refinement, SMART cylinders have proven to be extremely reliable, even in harsh … Read more

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WATCH: How Has Your Organization Adjusted to Our New World? Accelerate Your Digital Adoption Strategy

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VEERUM delivers a modern solution to your organization’s business continuity needs with current digital tools, enabling remote collaboration. The Asset Visualization and Information Platform acts as a collaboration platform, a digital system of record for the entire asset lifecycle, and displays real-time asset information for decision making. VEERUM aggregates your existing asset information into a … Read more

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Imperial Oil set to end Syncrude services contract as Suncor becomes operator

CALGARY — Imperial Oil Ltd. says it will relinquish its contract to provide business management services to Syncrude Canada Ltd. when Suncor Energy Inc. takes over as operator of its oilsands mine and upgrader works at the end of 2021.
Under the contr…

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U.S. Army Corps hands federal permits to Enbridge’s Line 3 oil pipeline project

(Reuters) – Canada’s Enbridge Inc said on Monday it received federal permits for its Line 3 crude pipeline replacement project from the U.S. Army Corps of Engineers, moving closer to building the pipeline in the United States after years of delay. Line 3, which ships crude from Canadian oil hub Alberta to U.S. Midwest refiners, … Read more

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Suncor to assume operatorship of Syncrude by end of 2021

multilang-release Unless otherwise noted, all financial figures are in Canadian dollars. CALGARY, Alberta, Nov. 23, 2020 (GLOBE NEWSWIRE) — Suncor, as 58.74% owner of the Syncrude Joint Venture, announced today that it, together with the other Syncrude joint venture owners – Imperial Oil Resources Limited, CNOOC Oil Sands Canada and Sinopec Oil Sands Partnership – … Read more

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Alberta government seeks investment in petrochemicals and hydrogen

Alberta, home to Canada’s biggest concentration of chemical companies, hopes its new incentives program will not just attract investment to process plentiful hydrocarbons into value added plastic but also make the province a top hydrogen production region as well as a major recycling center. Alberta’s Associate Minister of Natural Gas and Electricity, Dale Nally, said … Read more

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Oil Highest Since March on Vaccine Progress, Biden Transition

Oil Prices Up

By Alex Longley Nov 24, 2020 (Bloomberg) Oil traded at its highest level since March as markets broadly rallied on the start of the U.S. presidential transition process and with the demand outlook strengthening after a string of positive vaccine breakthroughs.Brent futures rose as much as 1.4% in London, accompanied by a sharp rally in the … Read more

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A $700 Billion Rally Hauls Canadian Stocks Out of Slump

By Michael Bellusci  Nov 23, 2020 (Bloomberg) Eight months after it hit bottom in the Covid-19 crash, Canada’s stock index is finally back in the green for 2020.The S&P/TSX Composite Index climbed 0.4% on Monday to wipe out the year’s losses. The Canadian benchmark closed at 17,094.53, the highest since Feb. 25, as vaccine progress buoyed … Read more

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Goldman voices concerns about OPEC+ future as decision on output curbs nears

By Reuters Staff (Reuters) – As the OPEC+ group’s decision on oil production cuts nears, there are renewed concerns about the future of the organization as it tries to rebalance the market while securing higher revenue and market share in the medium-term, Goldman Sachs said in a note. OPEC+, comprising the Organization of the Petroleum … Read more

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U.S. oil industry group pledges to fight possible Biden fracking limits

(Reuters) – If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum Institute (API) will use “every tool at its disposal” including legal action, chief executive Mike Sommers said in an interview with Reuters on Monday. Biden has said he supports a ban on new … Read more

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Upcycling Waste Streams – Biofuels and Beyond – Scovan Engineering

“Just because people throw it out and don’t have any use for it, doesn’t mean it’s garbage.” – Andy Warhol. By Brent Lyon, Director Regional Business Development The Challenge Squeezing every drop of value out of a feedstock is something that humans have been doing for thousands of years. Getting more heat out of a … Read more

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Dear Prime Minister: Who Will Pay for Your Agenda of the “Great Reset” of Canada? – Deidra Garyk

By Deidra Garyk Dear Prime Minister Trudeau, Thank you for your transparency with regards to the intentions for the “Great Reset” initiative. I’ve heard this term and the slogan “build back better” for a number of months now but haven’t been quite sure what the ultimate agenda was or who was behind it. Thank you … Read more

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Digital and Oil Geopolitics – Geoffrey Cann

Geoffrey Cann

By Geoffrey Cann Oil is used by some nations to project influence and power, and is a national security concern for most others. How does digital innovation alter the oil-infused geopolitical landscape? OIL GEOPOLITICS The first version of this post was published on November 19 of 2019, around US Thanksgiving, and it seemed timely to … Read more

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Suncor agrees to begin operating Syncrude by end of next year

CALGARY — Suncor Energy Inc. says it has agreed to become the operator of the Syncrude project by the end of 2021, as long as each of the joint venture’s owners grants formal approval.
Suncor owns a 58.74 per cent stake in the Syncrude Joint Venture, …

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Obsidian Energy shareholders approve stock issuance in pursuit of Bonterra takeover

CALGARY — Obsidian Energy Ltd. says shareholders have voted to approve its proposal to issue up to 72.3 million shares to buy Bonterra Energy Corp. in a hostile takeover.
The Calgary-based oil and gas producer says 91.4 per cent of the shares represen…

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Oil Rises to Twelve-Week High on Covid Vaccination Optimism

Oil Prices Up

By Saket Sundria and Alex Longley Nov 23, 2020 (Bloomberg) Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.Markets broadly rallied after AstraZeneca Plc became the latest company to report a vaccine that protects most people from coronavirus. Vaccinations will “hopefully” … Read more

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Barclays keeps 2021 oil price outlook, supported by vaccine boost

Oil drop

By Reuters Staf (Reuters) – Barclays kept its “above consensus” 2021 oil price forecasts on Monday, predicting Brent at $53 a barrel based on output discipline by OPEC and its allies, and based on a potential COVID-19 vaccine boosting demand in the second half. Potential rollouts of high-efficacy vaccines in the short term would be … Read more

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Pipe dreams leave U.S. energy firms caught in climate trap

By Stephanie Kelly, Devika Krishna Kumar, Jessica Resnick-Ault NEW YORK (Reuters) – In remote northern Michigan a propane shortage in early 2014 caused prices to nearly double, squeezing about half of the families there who rely on the fossil fuel to heat their homes. Glenda Bowler remembers her son fitting a wood stove at his restaurant as … Read more

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Unified Valve Group is the New Canadian Distributor of Texsteam™ Pumps

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Calgary AB, Canada and Houston TX, USA – Unified Valve Group Ltd.  (“Unified”) and TexsteamTM Pumps (“Texsteam”) have partnered together to offer Texsteams’ full line of chemical injection pumps, including solar across Canada.  With a focus on injection rate, Texsteam is available in a range of capacities and operating pressures for all industries including oil … Read more

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Qnergy’s Solar Hybrid: Delivering reliable power in all weather conditions

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  As winter approaches, the days become shorter and colder. This puts stress on off-grid photovoltaic systems. Most facilities need a consistent supply of power, which leaves a power deficit in the winter season when solar production is low. This is exacerbated by the low temperature effects on battery efficiency. Furthermore, many of these systems … Read more

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Westech Industrial Inc. and Hydramotion Ltd. Announce New Partnership

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Calgary, AB, November 23, 2020 – Westech Industrial and Hydramotion Ltd. are pleased to announce effective immediately that Westech Industrial is now an authorized distributor of Hydramotion’ s In-Line, Online, Portable and Process Viscometers Canada Wide.  The partnership will bring Hydramotion Viscometer Solutions and expertise to a wide range of industry clients including Oil & … Read more

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Add intelligence to your existing industrial cameras – Benefit from management by exception

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Connecting your legacy industrial cameras to Osperity’s Intelligent Visual Monitoring Platform is a very cost-effective way to benefit from exception-based video analytics Osperity’s flexible open platform is a camera agnostic system which makes it easy to onboard industrial rated legacy cameras already installed in the field. If you have cameras on your site you likely … Read more

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CASE STUDY: Realized Benefits From Digitization of Waste Manifest Process – Payload Insights

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Our client is a global oil and gas company that was intent on digitizing their waste manifest process and increasing their efficiency during compliance audits. The list of functional requirements that needed to be considered in finding an appropriate solution included compliance with regulatory bodies, forms that were easy to use and understand, built-in intelligence … Read more

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CASE STUDY: Overcoming Loss Circulation In The Permian – Evolution Engineering

Evolution-Horizontal-Feature

Challenge Expected well conditions anticipated the need for high concentration LCM to heal the hole without plugging the MWD or making a trip to lay down the directional tools. Solution Utilize EvoOne’s pulser anti-jam technology including its robust carbide rotor/stator and high torque 50:1 ratio drive line. EvoOne comes with eight mud pulse configurations to … Read more

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Survey shows two-thirds of energy company employers cut labour costs due to COVID-19

CALGARY — A survey by energy labour market organization PetroLMI shows that more than two-thirds of the employers in Canada’s oil and gas sector imposed labour cost reduction measures in the wake of the COVID-19 pandemic lockdowns, including 37 per ce…

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Why the USA needs Keystone XL – Deborah Jaremko

Reliable source of needed imports and thousands of jobs drive project’s momentum By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A portion of the Keystone XL pipeline near Oyen, Alberta. Photograph courtesy Government of Alberta As critical as the Keystone XL pipeline is to Canadian oil … Read more

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Dependency on tyranny oil and gas in the G20 democracies – Mark Milke and Ven Venkatachalam

Five democratic G20 nations rely heavily on oil imports deemed to be ‘Not Free’ By Mark Milke and Ven Venkatachalam Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Russia’s President Vladimir Putin at the 2019 G20 Summit in Osaka, Japan. Getty Images photo   Download the PDF here Download the charts here Overview … Read more

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U.S. Oil & Gas Rig Count Falls for First Week in 10 – Baker Hughes

By Scott DiSavino Nov 20 (Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in 10 weeks even as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid June. The U.S. oil and gas rig count, an early … Read more

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Cenovus and Husky announce leadership team for combined company

CALGARY, Alberta, Nov. 20, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) are pleased to announce the executive leadership team that is expected to lead the combined company created through the strategic combination of Cenovus and Husky announced on October 25, 2020. “We believe it is … Read more

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COMMENTARY: Unhealthy G20 dependencies on foreign oil and gas – By Mark Milke and Ven Venkatachalam

Countries learning the hard way energy can be used as an economic and political weapon by autocratic regimes By Mark Milke and Ven Venkatachalam Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A worker is standing at the construction site of the Nord Stream 2 Baltic Sea pipeline at the pig … Read more

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International ban on heavy fuel in Arctic shipping full of gaps: environmentalists

Environmental groups say a new ban on a highly polluting shipping fuel in Arctic waters is full of gaps and Canada should not make use of loopholes in the new regulations for heavy fuel oil.
“Arctic states and communities have been calling for a compl…

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Oil Poised for Weekly Increase on Covid-19 Vaccine Optimism

Oil Prices

By Andres Guerra Luz  Nov 20, 2020 (Bloomberg) Oil is poised for a third weekly gain with positive Covid-19 vaccine developments paving the way for a more sustained recovery in oil demand.Futures are up 4% this week in New York with Pfizer Inc. and BioNTech SE planning to request emergency authorization of their Covid vaccine later Friday. Moderna … Read more

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Parkland appoints Marcel Teunissen as Chief Financial Officer

November 19, 2020  | Source: Parkland Corporation CALGARY, Alberta, Nov. 19, 2020 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) is pleased to announce the appointment of Marcel Teunissen as Chief Financial Officer (“CFO”), effective December 1, 2020. Marcel joins Parkland from Royal Dutch Shell, where he was Executive Vice President, Finance, … Read more

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Gibson Energy Announces Redemption of 5.25% Convertible Unsecured Subordinated Debentures

Gibson Energy

All financial figures are in Canadian dollars unless otherwise noted Email Print Friendly Share November 20, 2020 08:00 ET | Source: Gibson Energy Inc. CALGARY, Alberta, Nov. 20, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. announced today its intention to redeem the entire $99.3 million of principal amount currently outstanding of its 5.25% convertible unsecured subordinated debentures due July … Read more

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Pandemic resurgence blunts refined fuel demand recovery, says Imperial Oil CEO

CALGARY — The CEO of Imperial Oil Ltd. says rising COVID-19 infection numbers have stalled a recovery in demand for vehicle fuels produced in its Canadian refineries from the depths of the pandemic lockdowns in March and April.
Brad Corson, speaking a…

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What is happening with the Keystone XL oil pipeline?

By Rod Nickel WINNIPEG, Manitoba (Reuters) – TC Energy Corp TRP.TO says it is continuing to advance its Keystone XL (KXL) oil pipeline, the $9 billion project that would move oil from the province of Alberta to Nebraska. Most recently, a Canadian indigenous group said it would invest C$1 billion ($764.35 million) in the project, which has … Read more

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Leucrotta Announces Q3 2020 Financial and Operating Results

November 19, 2020 Newsfile Calgary, Alberta –  LEUCROTTA EXPLORATION INC. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended September 30 Nine Months Ended September 30 ($000s, … Read more

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CER Recommends approval of NGTL’s Edson Mainline Expansion Project

November 19, 2020 CNW CALGARY, AB – The Commission of the Canada Energy Regulator (Commission, CER) recommends that the federal Cabinet approve NOVA Gas Transmission Ltd.’s (NGTL) Edson Mainline Expansion Project (Project). The Project involves the construction and operation of approximately 85 km of natural gas pipeline loops in two sections, along with the associated facilities. The … Read more

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Imperial Oil to boost spending, slightly raise output amid volatile recovery

imperial_logo_feature

REUTERS NOVEMBER 19, 2020 Imperial Oil , one of the Canada’s biggest crude producers and refiners, said on Thursday it would raise capital spending and production next year as a volatile recovery of energy demand continues. Chief Executive Brad Corson said at the company’s virtual investor day presentation that a recovery in global energy demand … Read more

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CAPP issues statement on Canadian Net-Zero Emissions Accountability Act

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November 19, 2020 CNW CALGARY, AB – In response to the Canadian Net-Zero Emissions Accountability Act introduced by the Government of Canada on November 19, 2020, CAPP issues the following statement: “The Canadian Association of Petroleum Producers is committed to working with the Canadian government to meet emissions reduction objectives, which includes the ambition to achieve net-zero by 2050. … Read more

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Altura Energy Inc. announces Q3 2020 financial and operating results

November 19, 2020 CALGARY, AB – Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) announces its financial and operating results for the three and nine months ended September 30, 2020.  The unaudited interim condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) are available at www.sedar.com and www.alturaenergy.ca.  Selected financial and operating information for the three and nine months … Read more

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Junior producer Osum Oil Sands rejects Waterous Energy Fund share offer as inadequate

CALGARY — Private junior oilsands producer Osum Oil Sands Corp. says shareholders should reject a $126-million bid by Calgary investment firm Waterous Energy Fund to nearly double its ownership stake.
The Calgary company says an independent committee …

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Saudi Arabia Aims Next to Be Largest Hydrogen Exporter

By Verity Ratcliffe, Salma El Wardany and Matthew Martin Nov 18, 2020 (Bloomberg) The world’s biggest oil exporter has set its sights on also becoming the largest supplier of hydrogen, a fuel seen as pivotal for curbing climate change.Saudi Arabia has “ambitious” plans and “will not be challenged in its record of being the biggest exporter … Read more

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Norway Opens More Arctic Areas to Oil Industry Amid Opposition

By Lars Erik Taraldsen Nov 19, 2020 (Bloomberg) Norway, Western Europe’s biggest oil producer, is offering fresh exploration licenses in the far north less than a week after the Supreme Court finished hearing an appeal over earlier Arctic permits.The so-called 25th licensing round covers nine areas, eight of which are located in the Barents Sea and … Read more

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Oil Near $44 With Tighter Virus Measures, OPEC+ Cracks Appearing

Oil Prices

By Alex Longley Nov 19, 2020 (Bloomberg) Oil fluctuated near a two-month high after U.S. coronavirus restrictions tightened and cracks emerged in the united front presented by OPEC+.Futures slid 0.2% in London after bouncing between gains and losses. New York City said it would shut schools to stem rising infections, while road use in Europe continued to tumble … Read more

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Green is the new black in boom for clean energy funds

By Tommy Wilkes, Ritvik Carvalho LONDON (Reuters) – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses. Shares in solar and wind energy businesses, electric vehicle companies and … Read more

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Petro-Canada to support Caregivers in Canada through the Petro-Canada CareMakers Foundation™

  November 19, 2020  | Source: Suncor Energy Inc. Petro-Canada CareMakers Foundation™ Caring for those who care for others Introducing the Petro-Canada CareMakers Foundation 1 in 4 Canadians provide unpaid care to a loved one with a health condition, disability or special need. Caregiving is common but often goes unnoticed. All financial figures are in Canadian dollars. … Read more

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Hemisphere Energy Announces Financial and Operating Results for Q3 2020

November 19, 2020 Vancouver, British Columbia –  Hemisphere Energy Corporation (TSXV: HME) (“Hemisphere” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. Q3 2020 Highlights Achieved revenue of $5.9 million. Realized an operating netback of $4.7 million, including hedging gains of $0.9 million. … Read more

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Headwater Exploration Inc. announces receipt of shareholder written consent for transaction with Cenovus Energy Inc.

November 18, 2020 CALGARY, AB – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) announces it has received written consents from shareholders holding a majority of the issued and outstanding common shares (the “Common Shares“) of Headwater approving the Company’s previously announced transaction (the “Transaction“) with Cenovus Energy Inc. (“Cenovus“). Pursuant to the Transaction, Headwater will acquire 100% of Cenovus’ assets … Read more

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How America’s Political Structure Protects Its Oil Industry – David Yager

By David Yager November 18, 2020 While it isn’t official yet, in January Democrat Joe Biden will become the 46th president of the United States of America. During the campaign, Biden aggressively courted the climate concerned by pitching policies which he assured prospective voters would help the US avert global environmental catastrophe. A key element … Read more

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CAODC Announces the Release of its Q4 2020 and 2021 Drilling Forecast

CAODC announces the release of its Q4 2020 and 2021 drilling forecast November 18, 2020 Projected 2021 wells drilled: 3,771 – an increase of 475 from 2020 (3,296*) Projected 2021 operating days: 33,938 – an increase of 4,274 from 2020 (29,664*) Rig fleet expected to decrease by 27 (505 drilling rigs to 478 drilling rigs) … Read more

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Changing the Face of Energy: Young Women Are Building Alberta’s Energy Future

Young Women in Energy YWE Feature Logo 400x270

YWE is recognizing 10 young women who are transforming Alberta’s energy industry.  CALGARY – November 17 – Young Women in Energy (YWE) is thrilled to announce the ten (10) winners of its seventh annual YWE Awards program. Since 2014, YWE’s Awards Program has shone a spotlight on more than 60 women’s contributions to and accomplishments … Read more

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Schachter’s Eye on Energy: Vaccine rally has lifted the energy sector over the last two weeks. Just ahead is tax loss selling season and we expect it to be nasty but should provide some great BUYS for investors.

Josef Schachter

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

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Birchcliff Energy Ltd. Receives TSX Approval For Renewed Normal Course Issuer Bid

November 18, 2020| Source: Birchcliff Energy Ltd. CALGARY, Alberta, Nov. 18, 2020 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice of Birchcliff’s intention to make a normal course issuer bid (the “NCIB”). The NCIB effectively renews the … Read more

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Enbridge Gas to blend hydrogen with natural gas for consumers in Markham, Ont.

CALGARY — Consumers in the Markham area of southern Ontario will soon be receiving a little hydrogen to go with the natural gas they use to fuel their furnaces and hot water heaters.
Enbridge Gas and partner Cummins Inc. say they will proceed with a $…

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Drilling forecast calls for 14 per cent rebound in 2021 from depths of 2020 activity

CALGARY — The organization that represents Canadian drilling contractors is forecasting a 14 per cent increase in the number of oil and gas wells to be drilled in Canada in 2021 compared with the historic lows this year.
The Canadian Association of Oi…

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Indigenous group to invest up to C$1 bln in TC Energy’s Keystone project

Keystone XL pipeline

By Reuters Staff Nov 17 (Reuters) – TC Energy said on Tuesday indigenous group Natural Law Energy will make an equity investment of up to C$1 billion ($763.77 million) in its controversial Keystone XL pipeline project. The Keystone XL pipeline, which would run from the Canadian energy-producing province of Alberta to Nebraska, has been delayed … Read more

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Oil Rises on Further Vaccine Progress, Stronger Asian Demand

Oil Prices Up

By Elizabeth Low and Grant Smith  Nov 18, 2020 (Bloomberg) Oil rose on expectations that further progress in vaccines against the coronavirus will revive global demand, and amid signs of robust consumption in Asia.Brent futures advanced 1.4% as Pfizer Inc. said a final analysis of clinical-trial data indicated its Covid-19 vaccine was 95% effective. The overall price structure … Read more

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XI Technologies: Who’s improving their bottom line? A look at the WCSB companies with the strongest gains in asset/liability ratios

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here.  In recent articles, we’ve been highlighting the different ways producers in the WCSB … Read more

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Recent Advances in Becht’s HTHA Damage Modeling Approach – Part 4: Carbon Steel Dataset and Calibration

Overview Part 3 of this series presented the data set and calibration used to characterize C-0.5Mo performance.  This part extends the calibration to Carbon Steel using the same basic calibration procedure.  Unlike C-0.5Mo where carbon activity was used as the calibration parameter, for Carbon Steel the carbon activity is assumed to be 1 in all … Read more

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Lets Talk Execution Strategy with the experts Gemini Fabrication

Gemini Feature Logo 400x270

By Travis Sharpe When was the last time you got to experience the process in which pipe is fabricated? If you are answering “I haven’t”, then let me walk you through this life cycle. This process begins when the RFP and PO has ended. This scope is limited to pre-fabricated carbon steel piping. Step 1 … Read more

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How two companies sprinted ahead in extraordinary race for a COVID vaccine

By Michael Erman, Julie Steenhuysen (Reuters) – Just as the novel coronavirus was gaining a foothold in the United States in mid-March, Pfizer Inc Chief Executive Albert Bourla called on his top vaccine scientists and laid out a clear mission: “He basically said, ‘Your mandate is to get this vaccine made. And if you need resources, … Read more

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Suncor Energy announces Jean Paul Gladu to join Board of Directors

November 17, 2020 | Source: Suncor Energy Inc. multilang-release CALGARY, Alberta, Nov. 17, 2020 (GLOBE NEWSWIRE) — Suncor today announced the appointment of Jean Paul (JP) Gladu to the company’s Board of Directors. Mr. Gladu’s appointment is effective Nov. 17, 2020. “I’m pleased that JP is joining Suncor’s Board of Directors,” said Board Chair Michael Wilson. “For more … Read more

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Surge Energy Inc. Announces Closing of $40 Million, 4 Year BDC Term Facility; Confirms Extension of Credit Facility Maturity to December 31, 2021; Receipt of $50.6 Million EDC Credit Facility Commitment

CALGARY, AB, Nov. 17, 2020 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce that it has executed definitive agreements with the Business Development Bank of Canada (“BDC”), in partnership with the Company’s syndicate of lenders (the “Syndicate”), for a non-revolving facility of $40 million, providing attractive interest rates over a four year term (the … Read more

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TC Energy exec says Keystone XL fits Biden agenda with union jobs, Indigenous support

CALGARY — The creation of union jobs and support by Indigenous investors will help convince U.S. President-elect Joe Biden that the Keystone XL pipeline fits into his “Build Back Better” agenda, an executive with proponent TC Energy Corp. said Tuesday…

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Vermilion Energy Inc. Announces Senior Leadership Changes

CALGARY, AB, Nov. 17, 2020 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) announces changes to its senior leadership team. Mr. Michael Kaluza has stepped down as Executive Vice President and Chief Operating Officer (“COO”), effective immediately. We would like to thank Mr. Kaluza for his many contributions to Vermilion over the past … Read more

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Bonterra Energy Corp. Successfully Completes Financing Initiatives and Continues to Recommend That Shareholders Reject the Obsidian Hostile Bid

Bonterra is one of the first Canadian energy producers to qualify and be approved for both the EDC and BDC government support programs, a condition of which is financial viability. With the successful completion of its recent financing initiatives, Bonterra’s go-forward strategic plan is expected to grow production by more than 30 percent and return the … Read more

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Cenovus and Husky to hold special shareholder meetings on proposed Plan of Arrangement

Shareholders asked to vote in favour of board-approved agreement to combine businesses November 16, 2020| Source: Cenovus Energy Inc CALGARY, Alberta, Nov. 16, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) and Husky Energy Inc. (TSX: HSE) announce they have filed a joint management information circular dated November 9, 2020 and related meeting … Read more

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Putin Told to Clean Up on Climate or Risk Losing Investors

By Natasha Doff and Áine Quinn Nov 17, 2020 (Bloomberg) Backed into a catch-22 situation on green investing, veteran emerging-market money manager Elena Loven made a public plea to the one man who could help: Vladimir Putin.Her dilemma is one felt by investors everywhere with pressure mounting to keep pension and insurance money out of companies, and countries, … Read more

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Numbers Show We’re Not as Addicted to Fossil Fuels as You Think

By Akshat Rathi Nov 17, 2020 (Bloomberg) The way we think about how much fossil fuels contribute to our energy mix overplays its utility. That’s because much of the energy from burning fossil fuels is lost as waste heat and noise, or as BloombergNEF’s Colin McKerracher puts it: “just sound and fury, signifying nothing.”The average efficiency of … Read more

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Oil Slips Near $41 With OPEC+ Meeting to Review Output Underway

By Alex Longley  Nov 17, 2020 (Bloomberg) Oil fell below $41 a barrel amid broader market declines while traders weighed the potential for OPEC+ to delay a planned easing of output cuts. While headline prices have gained on the growing prospect of an effective Covid-19 vaccine in recent days, an OPEC+ panel said the group — which is … Read more

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Equinor sees oil demand peaking two-three years sooner due to virus

By Reuters Staff OSLO (Reuters) – Oil firm Equinor EQNR.OL expects global oil demand to peak by around 2027-2028, two-free years earlier than the company previously saw, as a result of the COVID-19 pandemic, it said on Tuesday There is no agreement on when oil demand could peak, but expectations weigh on oil companies’ plans to … Read more

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Climate change winds lift Canadian renewable stocks, buffets oil sector

By Rod Nickel WINNIPEG, Manitoba (Reuters) – Canadian renewable utility stocks have soared this year as investors bet on a global expansion of cleaner power, abandoning oil and gas stocks that have plummeted due to pandemic travel restrictions. The election of Democrat Joe Biden as U.S. president this month has raised potential for a robust … Read more

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NXT Energy Solutions Announces Third Quarter 2020 Results

November 16, 2020 | Source: NXT Energy Solutions Inc. CALGARY, Alberta, Nov. 16, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) today announced the Company’s financial and operating results for the quarter ended September 30, 2020. All dollar amounts herein are in Canadian Dollars. Q3 Financial and Operating Highlights Key … Read more

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TC Energy and Natural Law Energy sign definitive agreement

Provides opportunity to invest up to $1 billion in Keystone XL November 17, 2020 | Source: TC Energy Corporation CALGARY, Alberta, Nov. 17, 2020 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and Natural Law Energy (NLE) today announced they have signed a definitive agreement which allows NLE to make an … Read more

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COMMENTARY: Canadian oil and gas fueled $493 billion in revenue for governments since 2000 – Mark Milke and Lennie Kaplan

Revenue generated from oil and gas eclipsed the federal government’s contribution to family allowance and children’s benefits since 1970 By Mark Milke and Lennie Kaplan Parliament Hill in Ottawa. Getty Images photo Human beings are hard-wired to respond to stories that paint a relatable picture of whatever issue is at hand.And they are easier to remember. If we … Read more

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Free Introductory Class: Fire & Gas Mapping, December 9, 2020 – Westech

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This free introductory class will offer a special emphasis on Liquefied Petroleum Gas (LPG) In this training we will cover: The event that created the need for special focus How we got here and what to do next regarding fire and gas systems The difference in geographical and scenario coverage and when to use each … Read more

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Advisory firm says deal would be good for Obsidian but has little chance to proceed

CALGARY — Advisory firm Glass Lewis says the proposed hostile takeover of Bonterra Energy Corp. would be good for Obsidian Energy Ltd. shareholders but it has “almost no practical likelihood of being successful.”It recommends investors follow manageme…

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‘No government contracts’ for companies that don’t manufacture in U.S., Biden vows

WASHINGTON, D.C. — Now that he’s the president-elect, Joe Biden is doubling down on his promise that economic recovery efforts in the United States will remain a made-in-America endeavour. 
Biden, who was vice-president when Canada last confronted a D…

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In Conversation with Bertrand Groulx – Geoffrey Cann

Geoffrey Cann

By Geoffrey Cann How can digital technologies transform the work of the front line oil field worker, who is overworked, underserved and under equipped to cope with the increased workload? Hear from Bertrand Groulx, a tech entrepreneur, financier and educator, about upgrading the job of the front-line worker. This is an edited transcript of the … Read more

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Saudi Aramco to issue bonds as it seeks cash amid oil slump

DUBAI, United Arab Emirates — Saudi Arabia’s oil giant Aramco announced Monday it will issue international bonds as it seeks a cash infusion to help pay for billions of dollars in dividends the company promised shareholders before the global coronavir…

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COMMENTARY: OPEC’s Got to Play the Coronavirus Waiting Game: Julian Lee

By Julian Lee Nov 15, 2020 (Bloomberg Opinion) The Organization of Petroleum Exporting Countries and its allies meet at the end of the month to decide the future of their record output cuts that helped put a floor under oil prices. Hopes had been high they could ease their restraint, but headwinds to the recovery in oil demand and rising … Read more

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FEATURE: Indigenous-Owned Pipeline and Construction Company Sees Explosive Growth – Gregory John

Steel River Group earns honour as Canada’s fastest growing start-up with philosophy of ‘people first, revenue later’ By Gregory John Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Trent Fequet CEO of Steel River Group. Photograph for Canadian Energy Centre It’s been something of a whirlwind for Calgary-based Steel River … Read more

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Oil Extends Gains on Latest Vaccine Breakthrough, China Recovery

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By Elizabeth Low and Alex Longley  Nov 16, 2020 (Bloomberg) Oil extended gains in New York as Moderna Inc. reported its Covid-19 vaccine is highly effective against the virus.Moderna’s shot had efficacy of 94.5% in a preliminary analysis of a large late-stage clinical trial. It follows similar positive developments in a vaccination being jointly developed by Pfizer … Read more

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OPEC+ Gets Scant Relief From Vaccine as Oil Ministers Meet

By Grant Smith, Salma El Wardany and Javier Blas Nov 16, 2020 (Bloomberg) Oil markets may be cheering the prospects of a coronavirus vaccine, but OPEC+ can’t celebrate.Crude prices have rallied to a 10-week high on hopes that Pfizer Inc. and BioNTech SE’s breakthrough could soon revive the flights, car journeys and other economic activity that underpin fuel consumption. … Read more

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Michigan Democratic Governor files lawsuit to terminate Enbridge Line 5 pipeline

By Robert Tuttle and Alexander Ebert Nov 13, 2020 (Bloomberg) Enbridge Inc.’s battle with Michigan escalated on Friday as the governor took new legal action to shut down a key pipeline that supplies Central Canadian refineries. Governor Gretchen Whitmer filed a complaint in Ingham County Circuit Court seeking to “revoke and terminate” a 1953 easement that allows … Read more

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SCHACHTER’S EYE ON ENERGY: Euphoria over the Pfizer announcement of a vaccine cure rallied crude over $US5/b in recent days but this crude rally is overdone. Read More…

Josef Schachter

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

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What Does a Technology-Focused Recovery Mean for Albertans? – Koleya Karringten

By Koleya Karringten This month, I had the pleasure of participating in a virtual town hall held by Western Economic Diversification Canada on Alberta’s recovery and potential for growth. My panel, alongside Cory Janssen of machine learning pioneers AltaML and Tom Ogaranko of blockchain traceability firm TrustBix, was called “Industry Voices: Facilitating a Resilient and … Read more

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FREE Informative Online A&W Case Study Webinar on Wednesday, November 18 at 11 AM (MST)!

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A&W Delivers Exceptional Value Through Their Digital Transformation When it comes to digital transformation, organizations must innovate quicker and better than ever. This process of using digital technologies to create new—or enhance existing business processes and customer experiences is giving organizations the competitive advantage to deliver value to their customers, especially during these uncertain times. … Read more

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GeoVerra Makes a Significant Investment in New Equipment, Providing the Most Up-to-Date Technology for its Clients

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Edmonton, AB (November 16, 2020) – At the beginning of November, GeoVerra took possession of over 100 pieces of new Trimble equipment from Cansel, one of the company’s surveying equipment providers. The purchase, which was the biggest equipment order Cansel received in 2020, is indicative of GeoVerra’s competitive position in the market. Despite the economic downturn … Read more

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Phoenix Industrial has partnered with an Indigenous Industrial Construction Company, Yahtue Industrial

Founded in 1995, Phoenix Industrial is an integrated Tier 2 contractor that consistently competes successfully against Tier 1 companies. Phoenix has successfully and profitably completed complex large scale projects for multi-national organizations in oil and gas, petro-chemical, power generation and pulp and paper industries. Fully understanding the importance of community and inclusion, Phoenix will work … Read more

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Powering Oil and Gas: 3 Reasons Scalable, Flexible Internet Connectivity Is Critical to the Industry Today – Xplornet Enterprise Solutions

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Modern oil and gas companies rely on state-of-the-art technologies to get their job done. From Internet of Things (IoT) to machine-to-machine (M2M) connectivity, the industry is finding new ways of doing business and developing solutions that ensure the best contingencies are in place when emergencies occur. But all of that has one thing in common: … Read more

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Westcoast Energy fined $40,000 for blast near Prince George, B.C. two years ago

CALGARY — Westcoast Energy has been fined for failing to prevent a fiery pipeline blast northeast of Prince George, B.C., two years ago that led to natural gas shortages in the province through the winter. 
The Enbridge subsidiary was issued the $40,0…

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Canada Weekly Rig Count Up 3 for Week Ending November 13, 2020

Canada’s drilling rig count is up 3 active drilling rigs according to data collected by Baker Hughes for the week ending November 13, 2020. From one week ago, Alberta rig counts increased 3 to 49 and the Saskatchewan rig counts increased 1 to 20. Oil drilling increased 2 to 39 and gas increased 1 to … Read more

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NOVEMBER 17th: Group Demo: Sit back, relax, and find out what Aimsio does and get a 90 DAY FREE TRIAL

When: November 17, 2020 | 10:00 am – 10:30 am MDT No Obligation, No Commitment Why: The best part is that after the Group Demo, you’ll have the opportunity to trial an Aimsio account free for 90 days. If you choose not to trial the account, that’s ok too! During this Group Demo, you’ll discover … Read more

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Renting a Slice of U.S. Oil’s Hot Spot Is 70% Cheaper After Rout

By Gerson Freitas Jr. Nov 12, 2020 (Bloomberg) The price to drill an acre of land in the biggest U.S. shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.Drilling rights in the Permian Basin of West Texas and New Mexico averaged about $24,000 an acre in recent deals, down … Read more

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

By Scott DiSavino Nov 13 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a ninth week in a row to the highest since May, as producers return to the wellpad with crude prices mostly trading over $40 a barrel since mid June. The oil and gas rig count, an … Read more

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Government of Canada Extends Funding to Increase Indigenous Participation in Oil and Gas Infrastructure Development

OTTAWA, ON, Nov. 13, 2020 /CNW/ – The informed and meaningful participation of Indigenous peoples in oil and gas projects provides important economic opportunities for their communities. Canada’s Minister of Natural Resources, the Honourable Seamus O’Regan, today announced up to $12 million in funding over two years for the Indigenous Natural Resource Partnerships (INRP) program for Indigenous communities and organizations in British … Read more

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Enbridge Line 3 replacement project receives MPCA approvals and remaining DNR permits

November 12, 2020 CALGARY, AB and DULUTH, MN – Today Minnesota Pollution Control Agency announced approvals for Enbridge’s Line 3 project, including the 401 Water Quality Certification.  Also, today the Minnesota Department of Natural Resources released the final eight permits for the project. “Clearly this is a big day for Line 3 in Minnesota,” said Leo Golden Vice President of Line 3 Execution. … Read more

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Inter Pipeline hopes to find petrochemical partner in the first half of 2021

CALGARY — Inter Pipeline says it hopes to conclude its search for a partner in its $4-billion petrochemical project now under construction near Edmonton in the first half of next year.
“We continue to advance the process to secure a partner for a mate…

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NOVEMBER 18, 2020: YP Link Energy Transformation Event (Virtual) – Join Your Fellow Young Professionals as We Explore How the Energy Industry is Transforming – Details HERE

We’re creating a new energy future. Are you in? When: November 18, 2020 | 4:00 – 5:30 pm MST About: Join your fellow young professionals as we explore how the Energy industry is transforming. This virtual event will host a multitude of speakers covering the following topics: Indigenous Relations and Reconciliation CCUS (Carbon Capture & … Read more

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Highwood Oil Company Ltd. Announces the Strategic Divestiture of Red Earth Property

CALGARY, AB, Nov. 13, 2020 /CNW/ – Highwood Oil Company Ltd., (“HOCL“, “Highwood” or the “Company“) (TSXV: HOCL) is pleased to announce that it has entered into an agreement with an arm’s-length Alberta based, private oil and gas exploration and production company (the “Purchaser“) to divest of the Company’s Red Earth field for a total transaction value of $2 million cash, … Read more

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Report suggests Alberta students want more education on climate change

An Alberta non-profit organization says there’s a gap between the education students receive in schools and the information they want about energy and the environment.
The Alberta Council for Environmental Education has published a report providing te…

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Oil Falls Below $41 With Surging Covid Cases Menacing Demand

By Alex Longley Nov 13, 2020 (Bloomberg) Oil fell for a second day — dropping below $41 a barrel in New York — as the ongoing spread of coronavirus dampens the demand outlook.As well as the surge in European coronavirus cases, there are also growing numbers in the U.S., Japan and South Korea, all of which … Read more

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Pieridae Announces Third Quarter Results

Key Financial Metrics Increased Year-Over-Year During Ongoing Market Volatility November 13, 2020 | Source: Pieridae Energy Limited NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES Highlights: Revenue (net of royalties) of $54.6 million in Q3 2020, an increase of $41.4 million or 315% compared to Q3 2019 Net operating income1 (“NOI”) increased by … Read more

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Shell gives customers option to offset their carbon emissions for two cents per litre

CALGARY — Shell Canada is letting carbon-conscious customers get their two cents in for the environment while filling up at one of its 1,400 stations across Canada. The Canadian branch of Royal Dutch Shell is launching its Drive Carbon Neutral program today to allow customers to help it produce or buy offset credits to reduce … Read more

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Prairie Provident Resources Announces Third Quarter 2020 Financial and Operating Results

November 12, 2020  | Source: Prairie Provident Resources Inc. CALGARY, Alberta, Nov. 12, 2020 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and nine months ended September 30, 2020. PPR’s unaudited condensed interim consolidated financial statements for the three and nine months … Read more

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Healthy oil and gas sector key to Canadian environmental innovation and economic success: Q&A with Jack Mintz

‘Oil and gas helps keep our energy costs down and it’s very reliable source of energy’ By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Canadian economist Jack Mintz, president’s fellow at the University of Calgary’s School of Public Policy. The Canadian Press New research by the Canadian … Read more

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$672 billion: The energy sector’s revenues to Canadian governments 2000–2018 – Lennie Kaplan and Mark Milke

Canada’s oil and gas sector alone contributed $493 billion to federal, provincial and municipal governments By Lennie Kaplan and Mark Milke Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Overview This Research Brief (which can be downloaded here as a pdf) estimates the gross revenue contribution that Canada’s energy sector, broadly speaking, and … Read more

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Birchcliff Energy Ltd. Announces Q3 2020 Results, Preliminary Outlook for 2021 and Discovery of Extension to the Gordondale Light Oil Pool

November 12, 2020 | Source: Birchcliff Energy Ltd. CALGARY, Alberta, Nov. 12, 2020 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its financial and operational results for the three and nine months ended September 30, 2020 and its preliminary outlook for 2021. Birchcliff is also excited to announce that … Read more

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Ovintiv names Brendan M. McCracken as President

November 12, 2020 CNW DENVER, Colorado – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today named Brendan M. McCracken as president, effective December 1, 2020. “Today’s appointment recognizes Brendan’s significant impact on our success and reflects our confidence in his leadership,” said CEO Doug Suttles. “This move is part of our ongoing executive development and ensures that we have leaders for the … Read more

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InPlay Oil Corp. Announces Third Quarter 2020 Financial and Operating Results

November 12, 2020 | Source: InPlay Oil Corp. CALGARY, Alberta, Nov. 12, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. InPlay’s condensed unaudited interim financial statements and notes, as well as … Read more

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High Arctic Announces 2020 Third Quarter Financial and Operating Results

November 12, 2020 | 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, Nov. 12, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” … Read more

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RCMP surveillance, searches breached anti-fracking protesters’ rights, watchdog says

OTTAWA — The RCMP watchdog has uncovered shortcomings with the national force’s crowd-control measures, physical searches and collection of social media information while policing anti-fracking protests in New Brunswick.
In a long-awaited report issue…

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Petrus Resources Announces Third Quarter 2020 Financial & Operating Results

November 12, 2020  | Source: Petrus Resources Ltd. CALGARY, Alberta, Nov. 12, 2020 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and nine months ended September 30, 2020. Petrus is focused on the profitable development of its Ferrier … Read more

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IEA Cuts Oil-Demand Outlook as Vaccines Won’t Rescue Market

By Grant Smith Nov 12, 2020 (Bloomberg) The International Energy Agency cut forecasts for global oil demand amid new lockdown measures and cautioned that the vaccine breakthrough won’t quickly revive markets. While crude prices rallied to a 10-week high above $45 in London this week on news of Pfizer Inc.’s progress, fuel use won’t experience any … Read more

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Oil Near $41 With IEA Warning on Outlook, OPEC+ Edging to Accord

By Saket Sundria and Alex Longley Nov 12, 2020 (Bloomberg) Oil steadied as the International Energy Agency warned the coronavirus vaccine breakthrough won’t quickly revive markets. Futures fluctuated between gains and losses near $41 a barrel. The IEA cut its forecasts for global oil demand this quarter by 1.2 million barrels a day as the pandemic continues to … Read more

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Which Direction Should We Go? How to Choose the Best Emission Funding Option for Your Organization

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There are a multitude of emission reduction funding options available for Canadian oil and gas producers right now and it seems like one of the biggest challenges can be deciding which option works best for your organization. Picking the right funding opportunity can seem more daunting than picking a cell phone plan for your teenager … Read more

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Calfrac Well Services cuts capital spending plan, reports $50M Q3 loss

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CALGARY — Calfrac Well Services Ltd. cut its capital budget as it reported a $50-million loss in its latest quarter.
The company says its capital budget for this year has been reduced to $40 million from $55 million.
Calfrac’s loss for the quarter amo…

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OPEC sees coronavirus hampering oil demand recovery into 2021

By Alex Lawler LONDON (Reuters) – Global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases, OPEC said on Wednesday, hampering efforts by the group and its allies to support the market. Demand will rise by 6.25 million barrels per day(bpd) next year to 96.26 million bpd, the … Read more

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Peyto Announces 1,000th Horizontal Well and Q3 2020 Financial Results

November 11, 2020| Source: Peyto Exploration & Development Corp. CALGARY, Alberta, Nov. 11, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the third quarter of the 2020 fiscal year. While the COVID-19 pandemic continued to grip the world and global energy … Read more

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Canada’s Oil & Gas Sector is a Global Leader in Emission Reductions – Canada Action Coalition

Canadian oil and gas companies understand the incredible value in reducing emissions intensities for each barrel of oil they produce, as exemplified by some of the facts you’ll see below. So do global investors; a majority around the world are now looking towards putting their money into investment jurisdictions with strong performance on environmental, social, … Read more

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Alberta farmers file what may be first class-action lawsuit over unpaid oil leases

CALGARY — Two Alberta landowners have filed what a lawyer says could be the first class-action lawsuit against an energy company for not making its lease payments.
“It’s a pretty clear contract,” said lawyer Matthew Farrell, who is representing Reinho…

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Shell gives customers option to offset their carbon emissions for two cents per litre

CALGARY — Shell Canada is letting carbon-conscious customers get their two cents in for the environment while filling up at one of its 1,400 stations across Canada.The Canadian branch of Royal Dutch Shell is launching its Drive Carbon Neutral program …

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Newly listed Topaz Energy forecasts double-digit earnings and output growth in 2021

CALGARY — Three weeks after its initial public offering, Topaz Energy Corp. says it expects about 15 per cent growth in royalty production and 38 per cent higher adjusted earnings next year compared with this year.
The Calgary company, which listed it…

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Oil Tops $45 a Barrel in London for the First Time in 10 Weeks

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By Grant Smith and Sharon Cho Nov 11, 2020 (Bloomberg) Oil rose above $45 a barrel in London for the first time in 10 weeks as financial markets continued to advance on a vaccine breakthrough and U.S. crude stockpiles appeared to retreat.Brent futures advanced in tandem with equity markets, having been buoyed initially this week by the … Read more

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Perpetual Energy Inc. reports third quarter 2020 financial and operating results

CALGARY, AB – Perpetual Energy Inc. (“Perpetual” or the “Company”) herein releases its third quarter 2020 financial and operating results. A complete copy of Perpetual’s unaudited condensed interim consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three and nine months ended September 30, 2020 can be obtained through the Company’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com. THIRD QUARTER … Read more

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Pulse Seismic Inc. Reports Q3 2020 Results

November 10, 2020 | Source: Pulse Seismic Inc. CALGARY, Alberta, Nov. 10, 2020 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three and nine months ended September 30, 2020. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being … Read more

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NuVista Energy Ltd. Provides Third Quarter Operating Results and Provides 2021 Guidance

November 10, 2020 | Source: NuVista Energy Ltd. CALGARY, Alberta, Nov. 10, 2020 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2020 and provide an update on our future business plans. NuVista continued its decisive action in the face … Read more

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Questerre reports third quarter 2020 results

November 10, 2020 | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Nov. 10, 2020 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for … Read more

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Pipestone Energy Corp. Reports Third Quarter 2020 Results and Provides Updated 2021 Guidance

November 11, 2020  | Source: Pipestone Energy Corp. photo-release 2020 – 2021 Development Map Refer to map PDF Available: http://ml.globenewswire.com/Resource/Download/8e0089e5-47ed-4362-8ef9-cb82d2b94108 CALGARY, Alberta, Nov. 11, 2020 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q3 2020 financial and operational results, as well as provide an update to its development … Read more

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The Importance of Being Proactive – Improving Wind Energy Production through Videoscope Inspections of Wind Turbines: OLYMPUS

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By Masakazu Wada A wind turbine’s gearbox, generator, and blades are the focus of intensive maintenance because (1) they’re subject to a lot of stress and wear and (2) they are costly parts to repair. Although gearbox failure is relatively rare—once a decade on average—the downtime for a wind turbine while waiting for this part to … Read more

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Jupiter reports third quarter 2020 results

November 10, 2020 CALGARY, AB – Jupiter Resources Ltd. and its affiliates (collectively, “Jupiter” or the “Company”) today reported financial and operating results for the third quarter of 2020. Jupiter’s third quarter financial results have been posted to the investor portal on the Company website. The Company will be hosting a conference call to discuss results on November 12, … Read more

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Recent Advances in Becht’s HTHA Damage Modeling Approach – Part 3: C-0.5Mo Dataset and Calibration

Overview Part 2 of this series presented the extension of our model to C-0.5Mo material and calibration to very detailed through-wall damage data for five C-0.5Mo cases (from [1]).  This part completes the analysis of C-0.5Mo by including data from API RP 941 [2] (including both plotted and file points) and the remaining cases from … Read more

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Freehold Royalties Ltd. Announces Third Quarter 2020 Results and Increases 2021 Dividend

November 10, 2020 | Source: Freehold Royalties Ltd. CALGARY, Alberta, Nov. 10, 2020 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces third quarter results for the period ended September 30, 2020. Results at a Glance Three Months Ended September 30 Nine Months Ended September 30 FINANCIAL ($000s, except as noted) 2020 2019 Change … Read more

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Government employer relief and support programs: What you need to know – KPMG

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Author:  KPMG Canada As Canadian employers continue to be impacted by COVID-19, the Canadian government has amended its support programs to better serve all businesses, including extending the Canada Emergency Wage Subsidy (CEWS) and introducing a new Canada Emergency Rent Subsidy. However, many businesses are struggling to determine eligibility requirements and understand the nuances of … Read more

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Jaw dropping facts from fabrication – learn why Gemini Fabrication is the best in the west

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“A team you can count on. A product you can trust.” Gemini Fabrication has been the recipient of this year’s award for “Best Fabrication Company 2020 – Western Canada”. This award is given annually to a Fabrication company that demonstrates; expertise within a given field, dedication to customer service and client satisfaction, and an ongoing commitment … Read more

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Tamarack Valley Energy Ltd. Announces 2020 Third Quarter Results & Guidance Update

CALGARY, AB, Nov. 10, 2020 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three and nine month periods ended September 30, 2020. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack’s unaudited condensed consolidated interim financial statements for the … Read more

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Yukon government says it doesn’t support U.S. permit for exploration in Arctic

WHITEHORSE — The Yukon government says it does not support a permit for an oil drilling exploration project in the Arctic National Wildlife Refuge in Alaska, although experts fear the United States administration will push ahead with the plan. Yukon E…

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How close are we to a COVID-19 vaccine? What Pfizer’s early results mean for Canadians

Promising preliminary results released on mRNA vaccine, among those ordered by Canadian government Emily Chung, Amina Zafar  Nov 09, 2020  A person walks past the Pfizer headquarters building in the Manhattan borough of New York City on Monday after the company announced its COVID-19 vaccine candidate was 90 per cent effective in preliminary results. (Carlo Allegri/Reuters) … Read more

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COMMENTARY: Successful vaccine would boost oil consumption, but not for 6-12 months: John Kemp

By John Kemp (John Kemp is a Reuters market analyst. The views expressed are his own) LONDON (Reuters) – Coronavirus vaccines are expected to boost international passenger transportation and oil consumption, but the first significant impact will not be felt until well into the second half of 2021, based on futures price movements on Monday. … Read more

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Kelt Reports Financial and Operating Results for the Three and Nine Months Ended September 30, 2020

Kelt Reports Financial and Operating Results for the Three and Nine Months Ended September 30, 2020 November 10, 2020 Newsfile Calgary, Alberta – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) reports its financial and operating results to shareholders for the three and nine months ended September 30, 2020. The Company’s financial results are summarized as … Read more

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ROK Resources Announces Closing of Private Placement Financing

REGINA, SK / ACCESSWIRE / November 9, 2020 / ROK Resources Inc. (“ROK” or the “Company”) (TSXV:ROK) is pleased to announce that it has closed its previously announced financing consisting of units of the Company (each a “Unit”) at a price of $0.20 per Unit for total gross proceeds of $1,392,000 (the “Offering”). Each Unit … Read more

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Bonterra Energy Corp. Announces Third Quarter 2020 Results

Nov 09, 2020 CALGARY, AB, Nov. 9, 2020 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces its operating and financial results for the three and nine month periods ended September 30, 2020.  The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and … Read more

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Oil Rises Above $40 With Vaccine Buoying Hope of Demand Recovery

By Alex Longley Nov 10, 2020 (Bloomberg) Oil edged higher for a second session on optimism that a potential Covid-19 vaccine could boost a recovery in transport demand.Crude futures in New York were near $40 a barrel, after advancing more than 10% at one point on Monday. It comes after early findings showed that a vaccine … Read more

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Canada Stocks Surge on Vaccine Breakthrough, Led by Energy

By Aoyon Ashraf  Nov 9, 2020 (Bloomberg) Canadian stocks jumped on Monday with global equity markets after Pfizer Inc. said its Covid-19 vaccine prevented more than 90% of infections in a large-scale study.The S&P/TSX Composite Index climbed 1.2% in Toronto, paring some an early gain of as much as much as 2.7%. The index closed Monday session at … Read more

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Missed Maple Leaf opportunities: Natural Gas in Central and Eastern Canada and Key US States – Lennie Kaplan and Mark Milke

How five Canadian provinces could boost revenues with growing global demand for natural gas By Lennie Kaplan and Mark Milke Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter To sign up to receive the latest Canadian Energy Centre research to your inbox email [email protected] Overview In this CEC Research Brief (which … Read more

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The Clean Fuel Standard – a Unity Crisis in Waiting? (Part 3) – Deidra Garyk

Read Part 1 HERE:  BE INFORMED: What is the Clean Fuel Standard and How Will it Affect Consumers & Business? Read Part 2 HERE:  The Clean Fuel Standard – Will it Create Jobs in Canada? Is the federal government stoking a unity crisis by destroying the oil and gas sector? By Deidra Garyk The Canadian federal … Read more

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TD Bank says it will not finance oil and gas activities in the Arctic

November 9, 2020  Reuters TD Bank on Monday said it will not provide project-specific financial services for oil and gas-related activities in the Arctic Circle as part of its plan to get to net-zero emissions by 2050, joining a host of global lenders in taking similar action. The Arctic Circle “is warming significantly faster than … Read more

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INNOVATION: Low Canadian Venting and Flaring is Leading the Way Globally – Yogi Schulz

Canadian producers are continuing to reduce venting and flaring volumes By Yogi Schulz Many environmentalists like to vilify oil and natural gas producers for supposedly doing little or nothing to address climate change. It must be more fun to vilify supposed planet-destroying mega-corporations than to highlight the unhelpful actions of billions of oil and gas … Read more

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Group cites ‘unconscionable delay’ by RCMP in court bid for watchdog report

OTTAWA — A civil liberties group is heading to court to force the release of a long-delayed watchdog report on its complaint about alleged RCMP surveillance of anti-oil protesters.
The British Columbia Civil Liberties Association says the Mounties hav…

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Biden win bad news for Keystone XL, marks new relationship with Canada, experts say

CALGARY — The election of Joe Biden as U.S. president likely spells the end of the Keystone XL oil pipeline, but his environmental agenda could help Canadian energy companies better compete with their American rivals, observers said Monday.
Keystone X…

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Gear Energy Ltd. Announces Third Quarter 2020 Operating Results

CALGARY, AB, Nov. 4, 2020 /CNW/ – Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) is pleased to provide the following third quarter operating update to shareholders. Gear’s Interim Condensed Consolidated Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the period ended September 30, 2020 are available for review on Gear’s website at www.gearenergy.com and on www.sedar.com. Financial Summary VIEW PDF GEAR … Read more

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Evaluating My Trump Predictions from 2016 – Geoffrey Cann

Geoffrey Cann

By Geoffrey Cann Now that the Trump White House is fading quickly into history, it’s time to reprise my original post from 4 years ago about the Trump administration’s impacts on energy, and gauge the accuracy of my forecasting. Introduction A word of warning: For those readers thinking this post is about digital innovation in … Read more

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Headwater Exploration signs $100M deal to buy Cenovus’s Marten Hills assets

November 9, 2020 The Canadian Press CALGARY – Headwater Exploration Inc. has signed a deal with Cenovus Energy Inc. to buy Cenovus’s assets in the Marten Hills area of northern Alberta for approximately $100 million in cash and stock. Under the deal, Headwater says it will acquire 2,800 barrels per day of medium oil production and 270 net sections … Read more

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Headwater Exploration Inc. announces transformational transaction with Cenovus Energy Inc. and third quarter operating and financial results

Headwater Exploration Inc. announces transformational transaction with Cenovus Energy Inc. and third quarter operating and financial results November 9, 2020 CNW CALGARY, AB, Nov. 9, 2020 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) announces it has entered into a definitive agreement with Cenovus Energy Inc. (“Cenovus”) for a transformational transaction (the “Transaction”) to acquire 100% of Cenovus’ assets in the … Read more

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Crew Energy Inc. Announces Third Quarter 2020 Financial and Operating Results

CALGARY, AB, Nov. 9, 2020 /CNW/ – Crew Energy Inc. (TSX: CR) (“Crew” or the “Company”) today announces our operating and financial results for the three and nine month periods ended September 30, 2020. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three and nine month periods ended September 30, 2020 are available on Crew’s … Read more

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Seven Generations Energy Releases Third Quarter 2020 Results and 2021 Guidance

SEVEN GENERATIONS ENERGY LTD. - Seven Generations Energy prices

Execution drives increase to midpoint of 2020 production guidance, 2021 budget targets stable production and free cash flow November 09, 2020  Eastern Standard Time CALGARY, Alberta–(BUSINESS WIRE)-Seven Generations Energy Ltd. (TSX: VII) THIRD QUARTER 2020 HIGHLIGHTS The company successfully completed its planned three-week turnaround and upgrade at the Karr plant and condensate stabilizer on-time and … Read more

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Cenovus reaches agreement to accelerate development of its Marten Hills oil assets

November 09, 2020 | Source: Cenovus Energy Inc CALGARY, Alberta, Nov. 09, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), through a wholly owned partnership, has entered into a definitive agreement to sell its Marten Hills oil assets in northern Alberta to Headwater Exploration Inc. for initial cash and common share equity consideration … Read more

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OPEC+ Gives New Signal It May Tweak Plan to Boost Oil Supply

By Grant Smith, Matthew Martin and Anthony Di Paola  Nov 9, 2020 (Bloomberg) OPEC+ ministers talked openly about the possibility of tweaking their oil-cuts deal before January’s scheduled production increase.The comments were the latest in a series of signals that the group was reconsidering plans to ease supply curbs in January, but came before crude prices … Read more

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Oil inventories to edge up, impact from Biden policies to take time – Mercuria

By Dmitry Zhdannikov, Julia Payne LONDON (Reuters) – Global oil inventories may see a small rise in November due to new coronavirus-related restrictions but could return to pre-COVID-19 levels as soon as the second quarter of 2021, the chief executive of Mercuria Energy Trading said on Monday. Marco Dunand told the Reuters Commodity Trading Summit that … Read more

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IEA sees new European lockdowns denting oil demand outlook

By Noah Browning LONDON (Reuters) – Renewed lockdown measures in Europe aimed at containing a rise in COVID-19 cases appear set to push the outlook for global oil demand toward the downside, an official with the International Energy Agency (IEA) said. Keisuke Sadamori, IEA director for energy markets and security, told Reuters the impact would, … Read more

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Oil jumps on vaccine hopes and OPEC+ supply signals

Oil Prices Up

By Bozorgmehr Sharafedin LONDON (Reuters) – Oil jumped by almost 10% on Monday for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine candidate and Saudi Arabia said an OPEC+ oil output deal could be adjusted to balance the market. Brent crude  was up $3.37, or … Read more

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Stress Engineering: Materials and Metallurgical Engineering is Our Specialty

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Materials Engineering – Engineering a Solution Materials and Metallurgical Engineering is a Stress Engineering specialty that is critical in widely diverse fields such as packaging, pipelines, oil and gas production, chemical plants, industrial equipment, plastics, and biomedical devices. In fact, the performance of materials is the basis of virtually all engineered products and processes. To engineer a solution … Read more

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HOW TO: Lower Your Oil & Gas Operating Costs – Pandell

Gain immediate cost savings of 30-50% on your land and financial software, and add digital efficiency to boot! Right now, what really matters is getting your costs down. We get it. Pandell’s Canadian oil & gas software suite has proven to reduce costs by thousands of dollars and improve ROI for companies of any size. Here’s how … Read more

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Opening the door to innovation with 2N solutions – Axis Communications

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Network solutions support critical infrastructure organizations in three ways: It helps them reach goals for security, for operations and for health and safety, all with a single integrated system controlled from a remote location. Looking to discover how a single, smart video surveillance system can go far beyond physical security and address all the key … Read more

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Strategic Timelines: November Innovation Funding Bulletin

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This month is filled with contrast on so many fronts! Living our lives while being safe and managing the pandemic. Managing social isolation and social distancing with friends and family so we are connected. Working at home / working at work. Kids at home or online. University students online or at university. Along with experiencing … Read more

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OPEC would miss ‘friend Trump’, wary of strains under Biden, sources say

y Alex Lawler, Rania El Gamal LONDON/DUBAI (Reuters) – Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as U.S. President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut. … Read more

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Increase Product Revenue in Marine Fuel Oil Blending – WESTECH

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With the availability of alkaline cylinder lubricants to neutralize the acids generated by the combustion of sulfur containing heavy fuel oils (HFO), motor ships overtook steamships in the 1960s and the marine diesel engine is nowadays the predominant engine type in the world ship fleet. Marine fuel oils can be distinguished between two main types. … Read more

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THE NEW U.S. PRESIDENT: How a Biden Presidency Would Transform the U.S. Energy Landscape

By Reuters Staff (Reuters) – Democrat Joe Biden has won the November U.S. presidential election, according to several major networks. Here are some of the changes that could occur in U.S. energy policy under his administration: INTERNATIONAL OIL SUPPLIES Biden has shown an interest in multilateral diplomacy similar to previous Democratic administrations. That could mean … Read more

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Oilfield firm brings back 200 staff but makes 350 layoffs permanent as activity rises

CALGARY — Trican Well Service Ltd. says a slow recovery in oilfield activity has allowed it to bring back about 200 of the 800 employees it laid off last March and April but 350 temporary layoffs have been made permanent due to forecasts of a continue…

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2020 CAODC Virtual State of the Industry – November 18, 2020

This year we are excited to welcome Canada’s Federal Minister of Natural Resources, the Honourable Seamus O’Regan, as our keynote speaker. Prior to becoming Minister of Natural Resources in December 2019, he served as Minister of Indigenous Services and, before that as Minister of Veterans Affairs and Associate Minister of National Defence. Mr. O’Regan was … Read more

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U.S. drillers add oil and gas rigs for eighth week -Baker Hughes

By Scott DiSavino Nov 6 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for an eighth week in a row for the first time since June 2018 as producers keep returning to the wellpad after crude prices held around $40 a barrel from mid June-late October. The oil and gas … Read more

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Canada Weekly Rig Count Remains at 86 for Week Ending November 6, 2020

Canada’s drilling rig count stays at 86 active drilling rigs according to data collected by Baker Hughes for the week ending November 6, 2020. From one week ago, Alberta rig counts decreased 2 to 46 and the Saskatchewan rig counts increased 1 to 19. Oil drilling decreased 3 to 37 and gas increased 3 to … Read more

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NOVEMBER 19-20 – DOWNSTREAM LEADERSHIP FORUM seeks to create smarter, more resilient and sustainable downstream business strategies: Details HERE

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  LONDON, September 23, 2020 – Reuters Events is connecting more than 30 downstream leaders and 5,000 industry representatives this November to investigate how the sector can deliver value through uncertainty. The virtual Downstream Leadership Forum on November 19 and 20 will feature speakers such as Dow chairman and CEO Jim Fitterling, Chemours president and … Read more

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Trudeau congratulates Joe Biden on victory in U.S. presidential election

OTTAWA — Prime Minister Justin Trudeau eagerly ushered in a new era of co-operation with U.S. President-elect Joe Biden on Saturday, as Alberta’s Jason Kenney made a thinly veiled request to preserve the Keystone XL pipeline.Trudeau’s statement of con…

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FEATURE: Globetrotting Métis woman making connections with Indigenous communities – Gregory John

Geophysicist helping to open doors of opportunity for First Nations through energy projects By Gregory John Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Thalia Aspeslet (right) with her son Ethan and his dad Jordan Asels. Coming from rural Alberta roots, Métis geophysicist and community relations specialist Thalia Aspeslet … Read more

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A MATTER OF FACT: CCPA Report Against Trans Mountain is Misleading & Incorrect – Deborah Jaremko

Crucial pipeline project will help meet rising demand for oil while opening the door to new global markets By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Workers guide a piece of pipe along the Trans Mountain expansion route. Photograph courtesy Trans Mountain A report released last … Read more

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TORC Oil & Gas Ltd. Announces Third Quarter 2020 Financial & Operational Results

CALGARY, AB, Nov. 5, 2020 /CNW/ – TORC Oil & Gas Ltd. (“TORC” or the “Company”) (TSX: TOG) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020.  The associated management’s discussion and analysis (“MD&A”) and unaudited interim financial statements as at and for the three and nine months ended September 30, … Read more

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Crew Energy Inc. Announces Closing of Second Phase of Strategic Midstream Transaction and Receipt of $35 Million

CALGARY, AB, Nov. 5, 2020 /CNW/ – Crew Energy Inc. (TSX: CR) (“Crew” or the “Company“) is pleased to announce the second of two closings of our previously announced strategic transaction with a third party midstream company (collectively, the “Transaction“), which was first announced on January 17, 2020. The Transaction is one of many innovative value-creation initiatives Crew … Read more

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Paramount Resources Ltd. Reports Third Quarter 2020 Results

CALGARY, AB, Nov. 5, 2020 /CNW/ HIGHLIGHTS VIEW PDFParamount Resources Ltd. Reports Third Quarter 2020 Results (CNW Group/Paramount Resources Ltd.) Sales volumes averaged 61,064 Boe/d (39 percent liquids) in the third quarter of 2020 compared to 68,839 Boe/d (39 percent liquids) in the second quarter. Third quarter sales volumes at Karr averaged 19,246 Boe/d (57 percent … Read more

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Pembina Pipeline Corporation Reports Third Quarter Results

Solid results continue to demonstrate the Company’s resilience All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”), including net revenue, adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), cash flow from operating activities per … Read more

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ARC Resources Ltd. Reports Third Quarter 2020 Financial and Operational Results and Announces 2021 Capital Budget of $375 Million to $425 Million

  CALGARY, AB, Nov. 5, 2020 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its third quarter 2020 financial and operational results and announced its 2021 capital budget that will range from $375 million to $425 million. ARC’s unaudited condensed interim consolidated financial statements and notes (“financial statements”) and ARC’s Management’s Discussion and Analysis (“MD&A”) as … Read more

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ClearStream Announces Third Quarter 2020 Financial Results

Revenues up 24% and Adjusted EBITDAS up 197% over Q2 2020 November 05, 2020 CALGARY, Alberta , Nov. 05, 2020 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced its results for the three and nine months ended September 30, 2020. All amounts are in Canadian dollars and expressed in … Read more

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Jean-Pierre Colin Joins Saturn Oil & Gas Inc. as its Strategy Consultant

November 06, 2020  | Source: Saturn Oil + Gas Inc CALGARY, Alberta, Nov. 06, 2020 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to announce that Jean-Pierre Colin has joined the team as Strategy Consultant to John Jeffrey, CEO, and the Company’s Board of Directors. Jean-Pierre … Read more

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Pipeline Giant Enbridge Joins Shell, BP With 2050 Emissions Goal

By Carlos Caminada and Sergio Chapa Nov 6, 2020 (Bloomberg) Enbridge Inc. became the largest company in the North American oil industry to set a goal of eliminating all net emissions from its operations by 2050, joining major European producers in providing climate-conscious investors with a plan to tackle global warming.The pipeline giant also established an … Read more

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Oil Drops Below $38 on Surging Virus, Close U.S. Vote Count

By Ann Koh and Alex Longley Nov 6, 2020 (Bloomberg)Oil fell a second day, dropping below $38 a barrel in New York, as a surging coronavirus and uncertain U.S. elections weighed on sentiment.Futures dropped 2.2%, with equity markets also lower as investors took risk off the market. Joe Biden appeared to be on the brink of victory in the … Read more

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Oil price path depends on coronavirus control: Kemp

By John Kemp (John Kemp is a Reuters market analyst. The views expressed are his own) LONDON (Reuters) – Global jet fuel consumption remains severely affected by the uneven recovery in aviation; cargo volumes have rebounded but cross-border passenger flying remains blocked by quarantine restrictions in many countries. In the United States, commercial jet fuel … Read more

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Pipeline company vows to reduce its GHG emissions by 35% by 2030, hit zero by 2050

CALGARY — Enbridge Inc., the operator of the largest crude oil pipeline network in North America, says it will reduce its greenhouse gas emissions intensity to net zero by 2050.
The Calgary-based company’s pledge on Friday puts it in a growing club of…

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Alberta auditor flags $1.6B in government accounting blunders, oversight problems

EDMONTON — Alberta’s auditor general has flagged $1.6 billion worth of accounting blunders along with oversight issues by Premier Jason Kenney’s government on big-ticket files including the Keystone XL pipeline and the so-called energy war room.
Audit…

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Ensign Energy Services reports Q3 net loss of $36 million on 60 per cent less revenue

CALGARY — The president of Ensign Energy Services Inc. says activity is beginning to pick up in the North American oil and gas drilling sector after grinding to deep lows earlier this year due to low oil prices.
Bob Geddes says Ensign has between 60 a…

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The Tundra Podcast: Special Guest – Cody Battershill of Canada Action Coalition

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The Tundra Podcast is excited to host a very special guest today – Cody Battershill of Canada Action Coalition Cody talks about how we can come together and celebrate the many industries that make Canada the envy of the world when it comes to sustainable development & environmental responsibility. The episode is LOADED with interesting facts and … Read more

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Spartan Delta Corp. Announces Third Quarter 2020 Results and Provides Guidance for 2021

CALGARY, AB, Nov. 5, 2020 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSXV: SDE) is pleased to announce its financial and operating results for the three and nine month periods ended September 30, 2020. Selected financial and operational information is set out below and should be read in conjunction with Spartan’s September 30, 2020 unaudited condensed consolidated interim financial statements and … Read more

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TMX pipeline will serve cleaner Canadian oil to eco-conscious California – Stewart Muir

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Republished from Resource Works  See More Resource Works Articles HERE Climate statistics from California show that the long-awaited new pipeline will usher in an era of cleaner choices for the populous state. Skeptical? Stewart Muir assesses the big picture. An oil tanker bound for Asia leaves Canada’s west coast, tethered to a tug for added safety. … Read more

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Mystery From Ottawa: Big Questions About Net-Zero: Resource Works

Republished from Resource Works  See More Resource Works Articles HERE We’re still awaiting the rules and regulations that the federal government is drafting to execute its plan to achieve net-zero emissions in Canada by 2050. Industries and resource projects from coast to coast to coast know they will be compelled by 2050 to eliminate or … Read more

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Oil Pares Loss With Dollar Sliding and Biden on Brink of Winning

Oil Prices

By Ann Koh and Alex Longley  Nov 5, 2020 (Bloomberg) Oil traded near $39 with the dollar slipping and Joe Biden on the brink of a narrow victory in the U.S. election.Futures in New York pared an earlier decline with the dollar down 0.6%. Biden needs six more Electoral College votes to claim victory, and with it looking … Read more

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Tourmaline Announces Strong Third Quarter Results, Corporate Acquisitions and Transaction With Topaz Energy; Increases Dividend and 2021 Guidance

CALGARY, AB, Nov. 4, 2020 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to release its operating and financial results for the third quarter of 2020. HIGHLIGHTS Two strategic corporate acquisitions, Modern Resources Inc. (“Modern”) and Jupiter Resources Inc. (“Jupiter”), providing an additional 76,000 boepd of current production, significant accretive cash flow(1) and free … Read more

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Canadian Natural Resources Limited Announces 2020 Third Quarter Results

November 05, 2020 | Source: Canadian Natural Resources Limited CALGARY, Alberta, Nov. 05, 2020 (GLOBE NEWSWIRE) — Canadian Natural’s President, Tim McKay, commented on the third quarter results stating “The resilience of our business model, as witnessed in our third quarter 2020 results, demonstrates Canadian Natural’s competitive advantage as the strength of our long life low … Read more

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Cardinal Energy Ltd. Announces Third Quarter 2020 Financial Results

November 04, 2020  | Source: Cardinal Energy Ltd. CALGARY, Alberta, Nov. 04, 2020 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce its operating and financial results for the third quarter ended September 30, 2020. Selected financial and operating information is shown below and should be read in conjunction with … Read more

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Schachter’s Eye on Energy: A Potential 2Mb/d Glut Pushes OPEC To Talk About Further Cutbacks Versus Prior 2Mb/d Increase In Early 2021. If OPEC Does Not Shut In Production Crude Could Fall To US$30-32/b Area In The Coming Months

Josef Schachter

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

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Canadian Natural Resources reports $408-million third-quarter profit

CALGARY — Canadian Natural Resources Ltd. says it earned a third-quarter profit of $408 million, down from nearly $1.03 billion in the same quarter last year.
The company says the profit amounted to 35 cents per diluted share for the quarter ended Sep…

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The Clean Fuel Standard – Will it Create Jobs in Canada? (Part 2) – Deidra Garyk

Read Part 1 HERE:  BE INFORMED: What is the Clean Fuel Standard and How Will it Affect Consumers & Business? By Deidra Garyk Canada’s federal government has been working diligently behind the scenes on a piece of legislation known as the Clean Fuel Standard (CFS) with the goal of implementing it in 2022 with an … Read more

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Tourmaline Oil buys two privately held oil and gas firms for $526 million

CALGARY — Tourmaline Oil Corp. says it is buying two privately held oil and gas companies producing 76,000 barrels of oil equivalent per day for a total of about $526 million in cash and shares.
Including debt, it says the value of the deals is $770 m…

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Athabasca Oil Corporation Announces Q3 2020 Results

November 04, 2020 | Source: Athabasca Oil Corporation CALGARY, Alberta, Nov. 04, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) reported its operating and consolidated financial results for the three months ending September 30, 2020. The third quarter demonstrated the significance of Athabasca’s swift response to the COVID-19 pandemic. The Company has … Read more

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Topaz Energy Corp. Announces Strategic Royalty Acquisition in the Alberta Deep Basin

CALGARY, AB, Nov. 4, 2020 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce that in furtherance of its growth strategy of acquiring low-risk, stable and predictable revenue from its high-quality strategic partners it has entered into a definitive agreement with Tourmaline Oil Corp. (“Tourmaline”) for the purchase of additional royalty assets … Read more

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Jupiter Resources to be acquired by Tourmaline

CALGARY, AB, Nov. 4, 2020 /CNW/ – Jupiter Resources Ltd. (“Jupiter” or the “Company”) today announced a transaction to sell to Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline”) in an all-stock transaction valued at approximately $626 million, inclusive of debt. Pursuant to the transaction, for each common share Jupiter shareholders will receive approximately 0.2365 of a Tourmaline common share. In … Read more

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Parex Q3 2020 Results: Increased Working Capital to US$371 mm, Debt Free and Repurchased 2.3 mm Shares

November 04, 2020  CALGARY, Alberta, Nov. 04, 2020 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company focused on Colombian oil exploration and production, announces its unaudited financial and operating results for the three months ended September 30, 2020 (“Third Quarter” or “Q3”). All amounts herein are in United States Dollars (“USD”) unless … Read more

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Coronavirus Surge Throws Oil Recovery Into Reverse

By John Kemp (John Kemp is a Reuters market analyst. The views expressed are his own) LONDON (Reuters) – Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown. Between mid-September and mid-October, Brent’s six-month calendar spread had been tightening, … Read more

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OPEC President Says Saudis, Russia Push to Delay Supply Hike

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

By Grant Smith and Javier Blas  Nov 3, 2020 (Bloomberg) OPEC+ talks on delaying a January oil-output increase gathered momentum on Tuesday, with some top officials offering support to the effort.Algeria, which this year holds the OPEC presidency, said that both Saudi Arabia and Russia were pressing fellow members to prolong the current oil-supply cuts into … Read more

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Oil rises after Trump falsely claims victory in tight U.S. election

By Noah Browning LONDON (Reuters) – Oil prices rose nearly 3% on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted and the final result not yet clear. A victory by Trump is viewed as bullish for oil because of sanctions on Iran … Read more

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Pine Cliff Energy Ltd. Announces Third Quarter 2020 Results

Calgary, Alberta–(Newsfile Corp. – November 3, 2020) –  Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) is pleased to announce the filing of its third quarter financial and operating results. Included in the filings were Pine Cliff’s unaudited interim condensed consolidated financial statements and related management’s discussion and analysis for the three … Read more

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STEP Energy Services Ltd. Reports Third Quarter 2020 Results

Step Energy Services Feature

November 03, 2020 22:51 ET | Source: STEP Energy Services Ltd. CALGARY, Alberta, Nov. 03, 2020 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2020. The following press release should be read in conjunction with the unaudited … Read more

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Alberta defies Trudeau with grant offers to petrochemical firms

Robert Tuttle, Bloomberg News The gas-rich province of Alberta will help cover the capital costs of new petrochemical plants, a move that pushes back against the federal government’s efforts to cut the use of plastic. Once a plant is built and running, companies can apply for grants worth 12 per cent of capital costs, according to … Read more

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XI Technologies: Open Asset Evaluation for November 2020

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 well and how … Read more

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Recent Advances in Becht’s HTHA Damage Modeling Approach – Part 2: Through-Wall Damage Modeling

Overview In Part 1 of this blog series an overview of two basic extensions to our void growth based HTHA model was given.  In this part, validation of through-wall damage predictions are provided by leveraging the unique and exceptionally detailed work presented in the Peng Lui PhD dissertation [1].  Validation is critical for any model, … Read more

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Rimini Street Client Stories: Water Reclamation District Reinvents Itself to Become Industry Role Model

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Metropolitan Water Reclamation District of Greater Chicago: Tasked with revitalizing an aging and deeply entrenched environment, one of CIO John Sudduth’s first steps was to take an inventory of MWRD’s entire IT infrastructure. Research into MWRD’s SAP implementation led to a discovery that they were not using all the functionality of their SAP ERP system … Read more

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TOUCHLESS INVOICE PROCESSING FOR OIL AND GAS – BENEFITS OF DOING MORE WITH LESS

Even before the pandemic destroyed demand in oil and gas, margins were shrinking, shareholders demanded proof of returns and there was a resounding cry to “Do More with less” across the energy industry. As oil prices fell to sub-zero levels, lay-offs were prevalent and reduced internal teams were left to shoulder the workload. Fast-forward to … Read more

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Waterous Energy Fund to bid $126 million to increase Osum Oil Sands stake to 85%

Calgary-based Waterous Energy Fund says it intends to launch a formal takeover bid for private junior oilsands producer Osum Oil Sands Corp. to raise its ownership stake to 85 per cent.
The private fund is offering to buy to 52.5 million of Osum’s com…

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Surge Energy Inc. Announces $40 million, 4 Year BDC Term Facility; $50 Million EDC Credit Commitment; Extension of Credit Facility Maturity to December 31, 2021; Alberta Site Rehabilitation Program Update; and Third Quarter Financial and Operating Results

Surge Energy Inc.  CALGARY, AB, Nov. 3, 2020 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce that it has received lender approvals for a total of $90 million in new credit commitments to the Company, subject to final documentation. These commitments include: a new term loan facility (the “Term Facility”) led by the Business … Read more

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Keyera Announces 2020 Third Quarter Results

CALGARY, AB, Nov. 3, 2020 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced its 2020 third quarter financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera’s website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera’s website or Keyera’s filings on SEDAR … Read more

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Parkland reports strong third quarter financial and operating results with Adjusted EBITDA of $338 million

November 03, 2020 | Source: Parkland Corporation CALGARY, Alberta, Nov. 03, 2020 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) announced today its financial and operating results for the three and nine months ended September 30, 2020. Highlights from the third quarter (unless otherwise indicated) include: Adjusted EBITDA attributable to Parkland (“Adjusted EBITDA”) … Read more

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Oil Gains With Market Rally, OPEC+ Hint of Delay to Output Hike

Oil Prices Up

By Ann Koh and Alex Longley Nov 3, 2020 (Bloomberg) Oil rose as broader markets rallied and OPEC+ inched closer to delaying a planned easing of output cuts.Futures in New York traded near $38 a barrel after climbing 3.3%, extending gains from the previous session. Equities strengthened ahead of the U.S. election, while the dollar lost … Read more

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Gran Tierra Energy Inc. Announces Third Quarter 2020 Results

November 02, 2020 | Source: Gran Tierra Energy Inc. Production Ramping Up, Development and Workover Activities Underway Strengthened Financial Position and Liquidity Profile with Strong 2021 Outlook CALGARY, Alberta, Nov. 02, 2020 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company’s financial and operating results for the quarter ended September 30, 2020 … Read more

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Laying the Groundwork for Geothermal Development – Government of Alberta

New legislation will clarify rules for geothermal energy development, building on Alberta’s strong track record of responsible resource development and helping to diversify the province’s economy. If passed, Bill 36, the Geothermal Resource Development Act will: Outline rules and processes for industry. Establish the legislative authority for land use and liability management. Protect landowners and mineral rights … Read more

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COMMENTARY: If Trudeau won’t toss out a fiscal anchor, he may be the one to go overboard

Canadian Taxpayers Federation

Monday, Nov.2, 2020   If Trudeau won’t toss out a fiscal anchor, he may be the one to go overboard   (This column originally appeared in the Toronto Sun)  It turns out that Prime Minister Justin Trudeau doesn’t think now is the time for a fiscal anchor to set some limits on government spending. That shouldn’t really surprise anyone, … Read more

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U.S. Election Will Help Canada’s Oilpatch No Matter Who Wins

Originally published October 26, 2020 By David Yager The United States has always played an oversized role in the development, success and future of western Canada’s oil and gas industry. This dates back to Leduc when the Americans helped launch our modern oilpatch with capital, expertise, equipment and personnel. America also became our biggest customer. … Read more

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COMMENTARY: US natural gas imports to Canada up 1,233% since 2000 – Mark Milke and Lennie Kaplan

CEC US NATURAL GAS IMPORTS

Canadian natural gas production has stagnated while US production has soared By Mark Milke and Lennie Kaplan Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo In recent years, the United States has undergone an energy renaissance of sorts. After decades of importing significant volumes of natural gas, there has been a transformation in … Read more

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Get Pricing Directly From Canadian Factory Reps: Save Time & Money on Industrial Tools & Equipment

Cutting Edge Industrial connects end users and distributors with the latest innovations for industrial construction. Our specialty is the technical sales and support of the most user friendly and dependable tools and equipment. Dealing directly with ‘Cutting Edge Industrial – Your Factory Rep’ means: Confirming you are using the correct product for your application, meaning … Read more

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Gibson Energy Announces 2020 Third Quarter Results

Gibson Energy

November 02, 2020 | Source: Gibson Energy Inc. CALGARY, Alberta, Nov. 02, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. announced today its financial and operating results for the three and nine months ended September 30, 2020. “In what remains a challenging environment for our industry, the resilient nature of our Infrastructure segment’s long-term, contracted cash flows continued … Read more

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Baytex Announces Third Quarter 2020 Financial and Operating Results and Board Appointment

November 02, 2020 | Source: Baytex Energy Corp. CALGARY, Alberta, Nov. 02, 2020 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX: BTE, NYSE: BTE.BC) reports its operating and financial results for the three and nine months ended September 30, 2020 (all amounts are in Canadian dollars unless otherwise noted). “We have made tremendous progress to re-set our business in the face … Read more

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Oil Climbs With Russia in Talks on Delaying OPEC+ Output Hike

By Andres Guerra Luz  Nov 2, 2020 (Bloomberg) Oil rose the most in more than three weeks as Russian producers met with Energy Minister Alexander Novak to discuss the possibility of delaying an easing of OPEC+ output cuts by three months.U.S. benchmark crude futures gained 2.9%, bouncing back from an abrupt plunge to a five-month low earlier in … Read more

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Perpetual Energy Inc. announces extension of credit facility redetermination

CALGARY, AB, Oct. 30, 2020 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today that the revolving credit period applicable to the Company’s credit facility has been extended to November 30, 2020 and the $20 million borrowing limit maintained.  The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before November 30, 2020.  The extension … Read more

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How to Stay Career Competitive While Remote Working – Geoffrey Cann

Geoffrey Cann

By Geoffrey Cann Because of remote working, we are now all video producers and audio engineers. To be career competitive, we need to get much better at these new demands. Out With The Old For the first time in nearly four decades, my work world has sufficiently changed to challenge quite fundamentally what technology I … Read more

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Obsidian Energy Announces Strong Third Quarter 2020 Results Driven by Successful First Half Development Program and Continued Improvements to our Cost Structure

CALGARY, AB, Nov. 2, 2020 /CNW/ – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces strong third quarter 2020 financial and operational results. Funds from Operations (“FFO“) improved in the quarter as the success of our development program earlier in the year and our lower cost structure more than offset the … Read more

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InPlay Oil Corp. Announces Finalization of BDC Term Facility, Fourth Quarter Capital Program and Cardium Asset Acquisition

November 02, 2020| Source: InPlay Oil Corp. CALGARY, Alberta, Nov. 02, 2020 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (QTCQX: IPOOF) (“InPlay” or the “Company“) is pleased to announce that it has entered into definitive agreements with the Business Development Bank of Canada (“BDC“) and our current syndicate of lenders providing a $25 million non-revolving, … Read more

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Pandemic, energy transition to hasten peak in global oil demand: Rystad Energy

By Reuters Staff OSLO (Reuters) – The COVID-19 pandemic and a faster transition to renewable energy sources will have a permanent impact on global oil demand, Norway’s biggest independent energy consultancy Rystad predicted on Monday. Global demand will likely peak in 2028 at 102 million barrels of oil per day (bpd), down from a pre-pandemic … Read more

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Oil Slumps to Five-Month Low as Lockdowns and Libya Spook Market

By Sharon Cho and Alex Longley Nov 2, 2020 (Bloomberg) Oil plunged to a five-month low as gains in Libyan production coincided with a wave of new virus-lockdown measures in Europe.The double whammy of growing supply and dwindling demand pushed crude futures down as much as 6% in New York. That could be just the curtain-raiser … Read more

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FEATURE: Indigenous inclusion and economic development practitioner sees ‘truly big’ opportunity in oil and gas –  Gregory John

Annie Korver has seen numerous examples of mutually beneficial relationships By Gregory John Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Annie Korver’s Rise Consulting focuses on meaningful Indigenous inclusion strategies in Canada’s energy industry. Photograph supplied for Canadian Energy Centre As one of the newest board members of … Read more

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Canada’s economy already benefiting from LNG – Deborah Jaremko

Community and business leaders eager for more opportunities to show Canada’s leadership in responsible development By Deborah Jaremko With more than 6,000 people now at work in BC on the LNG Canada project and associated Coastal GasLink pipeline – and contracts being awarded to companies along the cross-country construction supply chain – community and business leaders are eager … Read more

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WATCH: Falcon Equipment’s Lifting Lines | Palfinger, National Crane, Dieci Telehandler & Maeda Mini Crane

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This video features several of our lifting lines including Palfinger, National Crane, Maeda and Dieci. Learn more about Falcon Equipment by visiting www.falconequip.com

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CASE STUDY: HIVE Tops Cost and Schedule in Sustainable Well Pad Project

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Strathcona’s current operating asset, the Lindbergh SAGD Facility, operates at a capacity of 20,000 BPD. Utilizing a replicable well pad expansion model, and no increase to steam production rates at the CPF, Strathcona looks to maintain and potentially increase production throughputs within the current well pad infrastructure. Hive Innovations was engaged by Strathcona as a … Read more

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Video: Watch how Amazon Web Services (AWS) and Osperity are helping the energy industry become more efficient and profitable using video analytics in the cloud.

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Watch Recording on YouTube

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WATCH: How to eliminate changes in conductivity for companies that use purified waters for manufacturing and quality control – WESTECH

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For companies that use purified waters for manufacturing and quality control, inconsistencies in water purity can cause turbulence and interruptions to operations but these inconsistencies often come with a warning sign – changes in conductivity of the water. The UniCond digital conductivity sensor family from METTLER TOLEDO eliminates these problems, making conductivity monitoring accurate, easy … Read more

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U.S. drillers add most oil and gas rigs in a month since May 2018: Baker Hughes

(Reuters) – The U.S. oil and natural gas rig count rose in October for the third straight month and drillers added the most rigs in a month since May 2018 as some returned to the well pad after crude prices steadied. The oil and gas rig count, an early indicator of future output, rose for … Read more

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Canada turns on oil taps as prices rise, curbs lift

Oil and Gas Refinery

WINNIPEG, Manitoba (Reuters) – Canadian crude producers are churning out extra barrels to finish their hardest year in decades on a higher note, after Alberta’s government lifted restrictions and as demand for heavy oil surged. Some companies in Canada, the world’s fourth-largest producer, continued to post big losses in the third quarter, swelled by impairment … Read more

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Canada Weekly Rig Count Up 3 for Week Ending October 30, 2020

Canada’s drilling rig count is up 3 active drilling rigs according to data collected by Baker Hughes for the week ending October 30, 2020. From one week ago, Alberta rig counts increased 3 to 48 and the Saskatchewan rig counts decreased 2 to 18. Oil drilling decreased 2 to 40 and gas increased 5 to … Read more

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A joint venture between Tundra Process Solutions & Canadian Energy becomes a new Battery Energy Storage Solutions company – Eneon-ES.

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Eneon-Es Inc. is a Battery Energy Storage joint venture between Calgary based companies Canadian Energy and Tundra Process Solutions. Through the combined expertise of these two well-established companies, and a keen eye for quality, innovation and detail, Eneon-ES is poised to be a leader in Battery Energy Storage Systems in North America. Watch the announcement … Read more

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Cyber Security Awareness Month: Cloud based security – KPMG

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Cloud has been fundamentally changing all aspects of the digital business ecosystem. IT professionals have to re-think not only how to secure a cloud environment but also how to use Cloud as a tool to increase security. View additional materials available to business leaders during Cyber Security Awareness Month. Security challenges in a Cloud environment … Read more

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Risk Matters: Your Risk Assessments are Stagnant, Stop Wasting Time & Money

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There have been many predictions over the past 40 years for what life would be like by 2020. From flying cars, to riding hoverboards and humans living on Mars, the possibilities were seemingly endless. While we’ve made a lot of technological advancements, many processes – especially in the world of Process Safety Management (PSM) – … Read more

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Fort Saskatchewan Consignment Sale, A Complete Dispersal for Yellow Arrow Oil Tools Ltd – Absolute Public Online Auction

Century Auctons

Fort Saskatchewan, Alberta OPEN FOR BIDDING! 4 Day Sale! We Can Sell Your Assets! Day 1 Featuring: Cat 160M2 Motor Grader, Crawler Tractor, Pipelayer, Skid Steers, Truck Tractors, Pickup, Water and Vac Trucks, Emergency Vehicles and Vehicles, Equipment Trailers, ATVs and Side by Sides, Equipment Attachments, and Much More! Day 1 Bidding Starts Closing: Tuesday, November 3rd, 2020 … Read more

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