1 - 2021 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Zargon Oil & Gas Ltd. Completes Transactions Approved under Canadian Bankruptcy Proceedings; Blue Sky Resources Ltd. Becomes Sole Shareholder

January 30, 2021 by EnergyNow Media

January 29, 2021 Source: Zargon Oil & Gas Ltd. NOT FOR DISTRIBUTION IN THE UNITED STATES CALGARY, Alberta, Jan. 29, 2021 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Corporation”) announces that it has completed certain transactions contemplated by a Bankruptcy and Insolvency Act (Canada) proposal (the “Proposal”) filed by Zargon, Zargon Oil & Gas Partnership … Read more

Energy Storage Canada Conference 2026 - ESCCON26

Indigenous Consultation & Engagement Atlantic 2026

Razor Energy Corp. Announces Interim Extension of Term Loan Facility

January 30, 2021 by EnergyNow Media

January 29, 2021 | Source: Razor Energy Corp. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, Alberta, Jan. 29, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company“) (TSXV: RZE) announces that it … Read more

Altura Energy Inc. Announces the Closing of a Previously Announced Asset Disposition, Operational Update and 2021 Capital Program

January 30, 2021 by EnergyNow Media

CALGARY, AB, Jan. 29, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) is pleased to announce a January 29, 2021 asset disposition, an operational update and its capital program for 2021. ASSET DISPOSITION Altura has agreed to amend the payment schedule in respect to the previously announced disposition to a private company and divested of a 0.6875% … Read more

Unclear whether inquiry’s report into Alberta oil and gas foes will meet deadline

January 30, 2021January 30, 2021 by The Canadian Press

CALGARY — A spokesman for Alberta’s inquiry into the funding of oil and gas industry critics is not confirming whether its report will be handed in by its Sunday deadline.
Alan Boras says there will be an update when there is information to share and…

U.S. oil and gas rig count rises in January for sixth month – Baker Hughes

January 29, 2021 by EnergyNow Media

Jan 29 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a tenth week in a row, with the rig count up in January for a sixth straight month, as monthly oil production rebounds amid rising prices. The oil and gas rig count, an early indicator of future output, rose … Read more

Waterous Energy Fund announces that the Alberta Securities Commission dismissed Osum’s application in its entirety and reports that its take-over bid for Osum has received overwhelming shareholder support

January 29, 2021 by EnergyNow Media

CALGARY, AB, Jan. 28, 2021 /PRNewswire/ – Waterous Energy Fund (“WEF”) is very pleased to announce three important updates with respect to WEF’s take-over bid (the “Bid”, or the “Offer”) of Osum Oil Sands Corp. (“Osum”, or the “Company”): The Alberta Securities Commission (“ASC”) Ruled in Favor of WEF and Against Osum Today, the Alberta Securities Commission dismissed, … Read more

Oil Holds Steady Amid Economic Data Boost, Fears Over Demand

January 29, 2021 by EnergyNow Media

By Sharon Cho and Grant Smith Jan 29, 2021 (Bloomberg) Oil steadied amid surprisingly robust economic data from Europe, while the spread of a new Covid-19 variant and lockdowns raised concerns about the near-term recovery in fuel demand.West Texas Intermediate futures held above $52 a barrel after the biggest decline in almost a week on Thursday. … Read more

Oil Set for Slow Recovery as Vaccines Rolled Out: Reuters Poll

January 29, 2021 by EnergyNow Media

The survey of 50 participants forecast Brent crude would average $54.47 per barrel this year, a jump from last month’s $50.67 forecast. Brent has averaged around $54 so far in January. Graphic: Oil price estimates for 2021, Graphic: Oil and coronavirus cases, Of the 32 respondents who participated in both the January and December polls, … Read more

Hydrogen Could Be Key To Clean Long-Haul Transport in Canada

January 29, 2021 by EnergyNow Media

By Danielle Bochove Jan 29, 2021 (Bloomberg) Long haul transportation, core to shipping people and goods across Canada’s vast geography, remains an obstacle to the country embracing clean energy. Between 1990 and 2018, Canada’s transport emissions grew 55%, much of that coming from trucks — both freight and light passenger models. With the long-awaited launch on … Read more

Canada’s EV Agenda Gets Supercharged by Biden, Ford, and GM Green Plans

January 29, 2021 by EnergyNow Media

By Danielle Bochove Jan 29, 2021 (Bloomberg) Approaching Toronto on a typical Friday evening, Highway 401, the major artery connecting the Windsor-Detroit border with Canada’s largest city, is more often than not jammed. Pick-up trucks pulling campers or towing snowmobiles, SUVs crammed with tents or skis, and bumper-to-bumper tractor-trailers in the slowest lane of the world’s widest highway resembling a … Read more

PSAC forecasts an increase in wells drilled in 2021

January 29, 2021January 29, 2021 by EnergyNow Media

January 28, 2021 CALGARY, AB (January 28, 2021) – In its first update to the 2021 Canadian Oilfield Services Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2021 to 3,350 wells. This is an increase of 750 wells which would be considered a modest … Read more

RAM Industries – Stabilizer Cylinder Solutions For the Oil & Gas Industry

January 29, 2021January 29, 2021 by EnergyNow Media

RAM Industries has the stabilizer hydraulic cylinder solutions you need for your levelling or outrigging applications. These versatile cylinders are commonly used in many oil & gas industry applications, including – service rigs, coil rigs, drilling rigs, data logging trucks, fracking operations, catwalks, pipe tubs, and service truck cranes. RAM Stabilizer cylinders enable quick deployment … Read more

Av-Tek looking to bring new plastic polypropylene air valves to Canada

January 29, 2021January 29, 2021 by EnergyNow Media

Introducing plastic polypropylene air valves from Av-Tek Valves. This valve is becoming increasingly popular in the United States, as people are choosing to go with this light-weight option, compared to the heavy cast iron air valves that are commonly used right now. The 1” valve is roughly 10 ounces, whereas the combination triple function air … Read more

First Nation chief says Keystone XL project a lifeline for Indigenous communities- Shawn Logan

January 29, 2021 by EnergyNow Media

‘This could change the outlook of all First Nations in Canada and the US’ By Shawn Logan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Natural Law Energy and TC Energy sign agreements for an equity partnership on the Keystone XL pipeline in September, 2020. Photograph courtesy TC Energy … Read more

Bonterra Energy Corp. reiterates recommendation for shareholders to reject the hostile bid by taking no action

January 29, 2021 by EnergyNow Media

Custodians reporting holdings indicated under 1% of Bonterra’s shares have been tendered Close to 40% of Bonterra shareholders continue to advise the Company they will NOTtender their shares Second amendment to extend the offer demonstrates the continued failure of the Hostile Bid Shareholders need to take no action to REJECTthe offer CALGARY, AB, Jan. 28, 2021 /CNW/ – Bonterra Energy … Read more

Following the Money that Canceled Keystone – Canadian Energy Network

January 29, 2021 by EnergyNow Media

Prime Minister Trudeau says he is disappointed in President Biden’s decision to revoke permits for the Keystone XL pipeline, but is he surprised? This incredible success of a nearly decade-long campaign to cancel the pipeline counts Biden as an ally in their ‘build back better’ coalition. Recently Trudeau also signaled his alignment with the ‘build … Read more

Petronas CEO touts LNG Canada’s emissions benefits, warns delays could be costly

January 29, 2021 by The Canadian Press

CALGARY — The president and group CEO of oil giant Petronas says the LNG Canada liquefied natural gas export facility now under construction in B.C. helps support his company’s recently set goal of having net zero greenhouse gas emissions by 2050.But …

Schachter’s Eye on Energy: Large 9.9Mb crude inventory decline boosts oil prices due to a large US stock change as imports declined and exports rose.

January 29, 2021January 29, 2021 by EnergyNow Media

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

Canadian drilling forecast rises on bump in commodity price expectations

January 28, 2021January 28, 2021 by The Canadian Press

CALGARY — The association representing oilfield service companies is boosting its 2021 drilling forecast by 29 per cent thanks to a stronger commodity price outlook.
The Petroleum Services Association of Canada says it now expects the number of wells …

Oil firms as dollar slips, but demand worries persist

January 28, 2021 by EnergyNow Media

LONDON (Reuters) – Oil rose about 1% on Thursday after early declines on a weaker dollar and U.S. inventory drawdowns, but delays to vaccine rollouts and fresh travel curbs to prevent new coronavirus outbreaks kept further gains at bay. Brent crude futures were up 53 cents at $56.34 a barrel by 1454 GMT, having hit … Read more

TransGlobe Energy Corporation Announces Its 2021 Capital Budget

January 28, 2021 by EnergyNow Media

January 28, 2021 | Source: TransGlobe Energy Corporation AIM & TSX: “TGL” & NASDAQ: “TGA” This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Jan. 28, 2021 (GLOBE NEWSWIRE) … Read more

Cenovus 2021 budget to achieve nearly $1 billion of synergies in first year

January 28, 2021 by EnergyNow Media

January 28, 2021 | Source: Cenovus Energy Inc CALGARY, Alberta, Jan. 28, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has delivered a disciplined 2021 capital budget focused on maintaining safe and reliable operations while positioning the company to drive enhanced shareholder value. The budget includes sustaining capital of approximately $2.1 billion to … Read more

Cenovus unveils capital spending plan, confirms up to 2,150 layoffs still targeted

January 28, 2021January 28, 2021 by The Canadian Press

CALGARY — Most of the hundreds of layoffs expected in the wake of Cenovus Energy Inc.’s takeover of rival Husky Energy Inc. have already been completed barely four weeks after the deal’s close but more cuts are coming this year and next, its CEO said …

WATCH: Ditch the paper shift logs and go digital with Muddy Boots

January 28, 2021January 28, 2021 by EnergyNow Media

We understand accessing critical information from paper shift logs can be a nightmare. They are not secure or easily accessible company wide. As technology advances in every part of our lives and business, now is a great time to look at how transitioning to electronic shift logs can bring greater efficiencies to your operation. Implementing … Read more

Cautious optimism rules oilpatch as fourth-quarter reporting season dawns

January 28, 2021January 28, 2021 by The Canadian Press

CALGARY — Canada’s oil and gas producers are expected to maintain spending discipline in 2021 as optimism from stronger oil prices is offset by fears of weak demand due to new strains of the COVID-19 pandemic.
Big changes in spending plans are unlikel…

Scott Moe Reacts: Bid to stop fossil fuel companies advertising with City of Regina loses steam

January 28, 2021January 28, 2021 by The Canadian Press

Regina city council is set to discuss a motion to restrict energy companies reliant on fossil fuels from advertising or sponsoring with the city.
Last week, a majority of councillors voted in favour of the motion, which is to return to council for a …

Obsidian Energy Announces Extension to our Syndicated Credit Facility

January 28, 2021January 28, 2021 by EnergyNow Media

CALGARY, AB, Oct. 29, 2020 /CNW/ – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces the extension of our syndicated credit facility to January 29, 2021. The syndicated credit facility has an underlying borrowing base of $550 million and amount available to be drawn of $450 million which remains unchanged. Under the agreement, the syndicated … Read more

Surge Energy Inc. Announces 2021 Capital and Operating Budget; ESG Update

January 27, 2021 by EnergyNow Media

CALGARY, AB, Jan. 27, 2021 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce its 2021 budget guidance, as approved by the Company’s Board of Directors, as well as an update on Surge’s ongoing Environmental, Social and Governance (“ESG”) program. 2021 BUDGET – CONTINUED FOCUS ON SUSTAINABILITY VIEW PDF Surge Energy Inc. … Read more

At Davos, Canadian investment leaders set timelines for climate friendly economy

January 27, 2021January 27, 2021 by The Canadian Press

Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum this morning.
Former Bank of Canada governor Mark Carney says that politicians can help markets finance the transition to zero-emission econo…

Gran Tierra Energy Inc. Announces 2020 Year-End Reserves and Operational Update

January 27, 2021 by EnergyNow Media

January 26, 2021 19:56 ET | Source: Gran Tierra Energy Inc. Achieved 100% 1P Reserves Replacement Added 8.3 MMBOE of 1P Reserves Realized 1P Finding and Development Costs of $2.65/boe 1P and 2P Net Asset Value per Share Before Tax of $1.15 and $3.25 1P Reserves Equal 59% of 2P Reserves, Demonstrating Strength of Company’s Proved Reserves … Read more

Oil Steady With Market Structure Pointing to Tight Global Supply

January 27, 2021 by EnergyNow Media

By Grant Smith and Sharon Cho Jan 27, 2021 (Bloomberg) Oil steadied near $53 a barrel as signs of tightening supplies around the world offset concerns over the pandemic’s latest hit to demand.U.S industry data pointed to a sharp drop in the nation’s crude stockpiles last week. If confirmed by government figures due Wednesday it would … Read more

Heavy industry, transport sectors to align on net-zero climate plans

January 27, 2021 by EnergyNow Media

WASHINGTON (Reuters) – Over 400 companies across some of the world’s biggest greenhouse gas emitting industries – from shipping to steelmaking – have agreed to work together on plans to decarbonize by 2050, according to a coalition of climate advocacy groups that set up the partnership. The agreement, to be announced at the virtual Davos … Read more

Ovintiv™ Reiterates Disciplined Strategy and Focus on Value Creation

January 27, 2021 by EnergyNow Media

DENVER, Jan. 26, 2021 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today issued the following statement: Ovintiv has received Kimmeridge’s notice of its intent to nominate three director candidates to stand for election to our Board of Directors. We welcome discussions with all shareholders and have a history of open dialogue with all shareholders, including Kimmeridge. Our Corporate Responsibility and … Read more

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January 27, 2021January 27, 2021 by EnergyNow Media

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XI Technologies: New draft of Directive 067 adds liability management requirements to energy licence and approval eligibility

January 27, 2021 by EnergyNow Media

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. On January 13, 2021, the AER published a draft for a revised Directive … Read more

CAODC announces the introduction of a Directional Drilling Division

January 27, 2021January 27, 2021 by EnergyNow Media

PRESS RELEASE For Immediate Release: January 26, 2021 The Canadian Association of Oilwell Drilling Contractors (CAODC) is excited to announce the introduction of a new Directional Drilling Division consisting of seven directional drilling companies: Cathedral Energy Services Clear Directional Drilling Solutions Ltd. Compass Directional Services Ltd. Ensign Directional Millennium Directional Drilling Services Ltd. Optimax Drilling Solutions … Read more

Turnaround Safety: A Key to Success – Becht

January 27, 2021 by EnergyNow Media

By: Scott McLaurin and Clayton Smith Over the years, one thing that continuously strikes fear in the hearts of safety professionals and management alike is the safety challenge that comes with executing a turnaround. A turnaround of any scale will introduce a totally different dynamic into the workplace. Assuming the status-quo in safety will suffice … Read more

Qnergy Featured on the cover of the recent issue of LNG Industry Magazine

January 27, 2021 by EnergyNow Media

A beautiful image of our QB80 Stirling engine graces the cover of the latest issue of LNG Industry Magazine. Check out our article below that highlights our efforts to help mitigate methane emissions. Click here to download About Qnergy Qnergy is the world’s leading clean technology manufacturer of Stirling energy systems. Qnergy provides reliable power … Read more

Spring-Boarding for Success – Acero Engineering

January 28, 2021January 27, 2021 by EnergyNow Media

By Mark Kuppe, P.Eng Having dusted off the ol snowboard and headed to the hills like the rest of human-kind over the holidays, this author is looking forward to getting back to work; real work. Just one caught edge on the Banff Ave Ski-out and it all came crashing back: ‘yes, this is why I’d … Read more

What is R.O.I. and how do you maximize it, from fabrication experts!

January 27, 2021 by EnergyNow Media

Ask the experts at Gemini Fabrication how we continue to drive economic viability in our clients projects! What are your main pain points? Longer-term themes driving 2021 (and beyond) that should be considered for economic impact include the following: The global economy is going through an extreme structural change. Policymakers are using the opportunity created … Read more

WATCH: See How Pandell Helps Canadian O&G Companies Cut Costs

January 27, 2021January 27, 2021 by EnergyNow Media

It’s a Fact: Pandell’s Integrated Land & Financial Software Suite Helps Canadian Oil & Gas Companies Cut Thousands from Their Operating Budgets. And now there’s a quick video that shows you how we do it. Spend just 45 seconds watching this video and learn how to trim excess fat from your data management in land, … Read more

Environmental, Social, Governance (ESG): How a commitment to ESG can help you gain access to capital

August 24, 2023January 27, 2021 by EnergyNow Media

What is ESG, and why is it ‘all of the sudden’ important? Environmental, Social, Governance (ESG) – considered a buzzword only a few short years ago, has gained significant traction in the last year as public interest and investor attention on ESG performance has surged. COVID-19 and a heightened focus on climate change have only … Read more

CDN Controls: Inaugural 2020 Environment, Social and Governance (ESG) Report

January 27, 2021January 27, 2021 by EnergyNow Media

CDN recognized the need for supply chain to be more proactive on ESG performance and has responded by taking a transformative approach to our business. Although contractors and service providers are traditionally pushed and pulled by their clients into new policy, regulation, and work approaches, CDN has chosen to lead the way and support our … Read more

A Tale of Two Countries: Oil and gas in Australia and Canada Over the Past Decade – Lennie Kaplan and Mark Milke

January 27, 2021January 27, 2021 by EnergyNow Media

Canadian projects hampered by regulatory uncertainty, lack of market access and environmental pressures as Australia embraces growth By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The oil tanker, Phoenix Strength, sails underneath the Sydney Harbour Bridge in Australia. Getty Images photo Download the PDF here Download … Read more

Canada is set to have one of the world’s biggest green hydrogen plants

January 27, 2021January 27, 2021 by EnergyNow Media

Original story from CNBC Canada could eventually be home to a number of large-scale green hydrogen facilities. At the moment, so-called “green hydrogen” is expensive to produce, with the majority of hydrogen production based on fossil fuels. The logo of Thyssenkrupp displayed outside its offices in Essen, Germany. INA FASSBENDER | AFP | Getty Images … Read more

Calgary-Based Cenovus Energy to Lay Off Upward of 2,000 Workers

January 27, 2021January 27, 2021 by EnergyNow Media

CALGARY — CTV News has learned Cenovus Energy plans to cut upward of 2,000 positions over the next two months, with the first round of layoffs expected to begin Tuesday. CTV News Story According to a source that validated the total layoff numbers, Tuesday’s announcement will be followed by additional job cuts that are anticipated … Read more

Biden to pause oil and gas sales on public lands

January 27, 2021January 27, 2021 by The Canadian Press

WASHINGTON — President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate chan…

The Great Hypocrisy Behind Cancelling Keystone XL – Koleya Karringten

January 27, 2021January 27, 2021 by EnergyNow Media

Like so many other Albertans, I was fully expecting the disheartening news that newly elected President Joe Biden was cancelling the Keystone XL pipeline. After all, it was one of the many left-leaning campaign promises that he used to gain favor with major Democrat Party funders like Robert Redford and billionaire hedge fund manager Tom … Read more

CAODC: Town Hall with Saskatchewan Energy Minister Bronwyn Eyre – February 9, 2021

January 26, 2021 by EnergyNow Media

You’re invited to join the CAODC for a Virtual Town Hall with Saskatchewan Minister of Energy and Resources, the Honourable Bronwyn Eyre. At this event you’ll hear an address from the Honourable Brownwyn Eyre followed by a Q&A facilitated by CAODC President & CEO Mark A. Scholz. This is a FREE event for members. Cost … Read more

Members of Kenney’s UCP caucus nix NDP bid to seek details of failed Keystone XL deal

January 27, 2021January 26, 2021 by The Canadian Press

EDMONTON — Members of Alberta Premier Jason Kenney’s caucus have refused an Opposition NDP bid to make public details of Alberta’s $7.5-billion investment in the failed Keystone XL pipeline project.
The eight members of the governing United Conservati…

Calgary’s Enerplus announces US$465M takeover as court rules against N.D. pipeline

January 26, 2021January 26, 2021 by The Canadian Press

CALGARY — Enerplus Corp. is increasing its bets on the Bakken light oil region in North Dakota with the purchase of a private rival for US$465 million, despite a legal fight that could shut down a major oil pipeline there.
The Calgary-based company sa…

Perpetual Energy Inc. Receives Alberta Court of Appeal Judgment Relating to the Sequoia Disposition

January 26, 2021 by EnergyNow Media

CALGARY, AB, Jan. 26, 2021 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) today received the Alberta Court of Appeal’s (the “Court of Appeal”) judgment (the “Court of Appeal Judgment”) with respect to the appeals heard by the Court of Appeal on December 10, 2020 relating to the sale by Perpetual of legacy shallow gas properties in October 2016 to an arm’s … Read more

Oil prices tick up alongside European shares, Saudi blast reports

January 26, 2021 by EnergyNow Media

LONDON (Reuters) – Oil prices ticked up on Tuesday alongside rising European shares and amid reports of a blast in Saudi Arabia, trading near 11-month highs. Brent crude was up 43 cents, or 0.8%, at $56.31 by 1117 GMT, while U.S. crude rose 43 cents, or 0.8%, to $53.20. Both contracts rose nearly 1% on … Read more

Topaz Energy Corp. Announces Strategic Water Infrastructure Acquisition in the Alberta Montney

January 26, 2021 by EnergyNow Media

CALGARY, AB, Jan. 25, 2021 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce that it has entered into a strategic alliance with a private midstream water company (“Co-Venturer”), and together, entered into definitive agreements to each acquire a working interest in certain water infrastructure assets from an E&P producer (“Producer”) along … Read more

Cancelled Keystone XL Pipeline May Yield 48,000 Tons of Scrap

January 26, 2021January 26, 2021 by EnergyNow Media

(Bloomberg) The scrapping of Keystone XL not only means the end of multibillion-dollar pipe dream for TC Energy Corp. — it also leaves behind 48,000 tons of steel.U.S. President Joe Biden revoked permits for the oil pipeline on his first day in office, killing a cross-border project that had won a four-year reprieve under his Republican … Read more

Comply with Flare Gas Regulations – Westech

January 26, 2021 by EnergyNow Media

Be confident of compliance, while minimizing on assist gas Flaring – regulatory compliance Regulatory pressure to minimize flaring is intensifying. Properly operated flares achieve at least 98% combustion efficiency. However, calorific values less than 270 BTU/SCF will not assure 98% destruction efficiency on flaring1. In these cases it is necessary to add supplementary fuel, e.g. … Read more

Canadian crude-by-rail exports surge 87% to 170,000 barrels per day in November

January 26, 2021January 26, 2021 by The Canadian Press

CALGARY — Canadian exports of crude oil by rail jumped 87 per cent in November as oil production rose in Western Canada amid limited pipeline capacity for heavy crude.
The Canada Energy Regulator says rail shipments of oil amounted to 173,000 barrels …

Enerplus Agrees to Acquire Williston Basin Operator, Enhancing Value for Shareholders and Accelerating Free Cash Flow Generation; Provides Preliminary 2020 Results and 2021 Guidance

January 25, 2021 by EnergyNow Media

CALGARY, AB, Jan. 25, 2021 /PRNewswire/ – Enerplus Corporation (“Enerplus” or the “Company”) (TSX &NYSE: ERF) today announced that it has entered into a definitive agreement to acquire all of the shares of Bruin E&P HoldCo, LLC (“Bruin”), a pure play Williston Basin private company, for total cash consideration of US$465 million (the “Acquisition”). KEY HIGHLIGHTS Enerplus Bruin … Read more

Gibson Energy Confirms 2020 Fourth Quarter and Year-End Earnings Release Date and Provides Conference Call & Webcast Details

January 25, 2021 by EnergyNow Media

January 25, 2021 | Source: Gibson Energy Inc. CALGARY, Alberta, Jan. 25, 2021 (GLOBE NEWSWIRE) — Gibson Energy Inc. announced today that it expects to release its 2020 fourth quarter and year-end financial and operating results on Monday, February 22, 2021 after the close of North American markets. The 2020 fourth quarter and year-end management’s discussion … Read more

Paramount Resources Ltd. Announces Increased Credit Facility Availability and Issuance of Senior Unsecured Convertible Debentures

January 25, 2021 by EnergyNow Media

CALGARY, AB, Jan. 25, 2021 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce amendments to its senior secured revolving bank credit facility (the “Facility”) to remove prior conditions on Facility availability in excess of $900 million. As a result, the full $1.0 billion Facility capacity is now available. Concurrent with the amendments, and to … Read more

Oil prices steady as lockdowns curb U.S. stimulus optimism

January 25, 2021 by EnergyNow Media

LONDON (Reuters) – Oil prices were steady on Monday as support from U.S. stimulus plans and jitters about supplies competed with worries about demand due to renewed lockdowns to prevent the coronavirus from spreading. Brent crude futures for March rose 7 cents, or 0.1%, to $55.48 a barrel by 1210 GMT. U.S. West Texas Intermediate … Read more

Trans Mountain pipeline sees fortunes shine after KXL’s demise

January 25, 2021January 25, 2021 by EnergyNow Media

WINNIPEG/OTTAWA (Reuters) – The expansion of Canada’s government-owned Trans Mountain pipeline assumes greater importance for the oil sector after the cancellation of rival Keystone XL reduced future options to carry crude, potential buyers say. Trans Mountain Corp, a government corporation, is spending C$12.6 billion ($9.9 billion) to nearly triple capacity to 890,000 barrels per day … Read more

Labour unions, businesses push to keep Keystone XL project alive – By Deborah Jaremko

January 25, 2021January 25, 2021 by EnergyNow Media

‘America needs access to various forms of energy that can keep its economy running in the years ahead’ By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Pipe prepared for the Keystone XL pipeline sits in a lot outside Gascoyne, North Dakota. Getty Images photo Labour union … Read more

Obsidian Energy extends hostile takeover offer for Bonterra Energy to March 29

January 25, 2021January 25, 2021 by The Canadian Press

CALGARY — Obsidian Energy Ltd. is extending its hostile takeover offer for Bonterra Energy Corp. until March 29.The offer was set to expire today.Bonterra has repeatedly recommended shareholders reject the bid.Obsidian has offered two of its shares fo…

Risk Alive: Game of Safer Together – Test your process safety knowledge with our new Game of Safer Together

January 25, 2021 by EnergyNow Media

Put your safety skills to the test with interactive puzzles designed to help you and your team understand (and identify opportunities to improve understanding of) safeguarding strategies – in minutes. Quiz yourself, then challenge your team. It’s an entertaining and informative new tool for your team’s PSM toolbox, making it easier and more engaging to … Read more

Introducing a New President and CEO of Challenger Geomatics

January 25, 2021 by EnergyNow Media

As we look forward in early 2021, we are excited to officially announce that Challenger Geomatics has a new President and CEO. Paul Burbidge has been with Challenger for over 15 years, most recently as the Chief Operating Officer and previously as VP of Northern Operations and Branch Manager of our Whitehorse office. “I can’t … Read more

PRODUCT FEATURE: 30 Years of Volumetric Strapping and Calibration Services – Ranger Calibration

January 25, 2021 by EnergyNow Media

Ranger Calibration continues a thirty-year history of field strapping and volumetric calibration services in 2021. Volumetric tables are calculated and generated in‑house, utilizing the proprietary software program developed by G.D. Bowles and enhanced under Storage Tank Calibration. This program, along with the field strapping and volumetric calibration procedures, became and remain the standard in North … Read more

WATCH: Modular Projects: Increase Your ROI with Value Added Services – Phoenix Industrial

January 27, 2021January 25, 2021 by EnergyNow Media

Large scale modular projects contain a great deal of detail. Phoenix Industrial’s Modular facility in Edmonton can provide the attention to detail that your project deserves. Phoenix Industrial is committed to using practices that increase your return on investment through visibility, value and accountability. Success with Phoenix Industrial Value Added Services When it comes to … Read more

Indigenous business coalition leader says Keystone XL denial will hurt communities

January 25, 2021January 25, 2021 by The Canadian Press

CALGARY — The cancellation of the Keystone XL pipeline by U.S. President Joe Biden is a major setback for Canadian Indigenous people, says the leader of a group promoting their participation in oil and gas development as a solution to poverty on reser…

Coastal Gaslink One Quarter Complete as Wet’suwet’en push forward on rights recognition

January 25, 2021January 25, 2021 by The Canadian Press

Tensions had reached a boiling point over a natural gas pipeline in northern British Columbia when a Wet’suwet’en hereditary chief said he made a phone call that changed everything.
Na’moks, who also goes by John Ridsdale, was among a group of heredi…

Canada Weekly Rig Count Up 11 for Week Ending January 22, 2021

January 25, 2021January 25, 2021 by EnergyNow Media

Canada’s drilling rig count is up 11 active drilling rigs according to data collected by Baker Hughes for the week ending January 22, 2021. From one week ago, Alberta rig counts increased 8 to 116 and the Saskatchewan rig counts stayed at 30. Oil drilling increased 6 to 96 and gas increased 5 to 76. … Read more

U.S. drillers add oil and gas rigs for 9th week in a row -Baker Hughes

January 25, 2021January 25, 2021 by EnergyNow Media

Jan 22 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a ninth week in a row amid higher energy prices over the past few months. The oil and gas rig count, an early indicator of future output, rose five to 378 in the week to Jan. 22, its highest … Read more

Add intelligence to your existing industrial cameras – Save money on hardware – Benefit from management by exception

January 24, 2021January 24, 2021 by EnergyNow Media

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

A chronology of the Coastal GasLink pipeline in British Columbia

January 24, 2021January 24, 2021 by The Canadian Press

Here is a timeline of a liquefied natural gas pipeline dispute in British Columbia, which led to rail disruptions a year ago by people showing solidarity with the hereditary Wet’suwet’en chiefs opposing the Coastal GasLink project:
Dec. 31, 2019: The …

Update: A Primer on the Coastal GasLink Pipeline

January 24, 2021January 24, 2021 by The Canadian Press

Here is a look at the Coastal GasLink pipeline project and its history:
The project: B.C. Premier John Horgan announced provincial support for the project on Oct. 2, 2018. He said LNG Canada’s decision to build a $40-billion liquefied natural gas plan…

Perpetual Energy Inc. Completes Note Exchange and Makes PIK Interest Payment

January 23, 2021January 23, 2021 by EnergyNow Media

CALGARY, AB, Jan. 22, 2021 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today that it has completed its previously announced arrangement involving the exchange of its 8.75% senior unsecured notes due January 23, 2022 (the “Old Notes”) for new 8.75% secured third-lien notes due January 23, 2025 (the “New Notes”) pursuant to a Court-approved plan of arrangement … Read more

Even Without Keystone XL, U.S. set for Record Canadian Oil Imports

January 23, 2021January 23, 2021 by EnergyNow Media

CALGARY/NEW YORK, Jan 22 (Reuters) – The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding. U.S. President Joe Biden canceled Keystone XL’s permit on his first day in … Read more

Schachter’s Eye on Energy: WTI crude price falls on large build in inventories and vaccine delays. Breach of US$50/b imminent.

January 23, 2021January 23, 2021 by EnergyNow Media

U.S. drillers add oil and gas rigs for 9th week in a row -Baker Hughes

January 22, 2021 by EnergyNow Media

Alberta premier wants direct compensation from U.S. if Keystone XL pipeline dead

January 22, 2021January 22, 2021 by The Canadian Press

EDMONTON —
Alberta Premier Jason Kenney is making another demand of Justin Trudeau over the Keystone XL pipeline ahead of the prime minister’s call today with new U.S. President Joe Biden.
In a letter to Trudeau, Kenney reiterates that the prime mini…

Look past Keystone XL to areas of mutual Canada-U. S. alignment, Trudeau suggests

January 22, 2021January 22, 2021 by The Canadian Press

WASHINGTON — Canada and Joe Biden’s White House will agree more than they disagree, Prime Minister Justin Trudeau said Friday as he urged people to look past the new U.S. president’s decision to kill off the Keystone XL pipeline project.
The two count…

Schlumberger echoes rivals’ oil recovery predictions after results beat

January 22, 2021 by EnergyNow Media

(Reuters) – Schlumberger NV on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world’s top oilfield services provider’s fourth-quarter results beat estimates, aided partly by growing drilling demand. Easing of COVID-19 related restrictions has propelled oil demand and prices, which remain steady since a late-2020 rebound from … Read more

Oil Tumbles With Spread of Demand Pessimism and Firmer Dollar

January 22, 2021 by EnergyNow Media

By Elizabeth Low and Alex Longley Jan 22, 2021 (Bloomberg) Oil slumped below $52 a barrel in New York as renewed virus lockdowns deepened pessimism over demand, while a stronger dollar reduced the appeal of commodities priced in the currency.Consumption remains precarious, with parts of Hong Kong locking down, some Shanghai residents banned from leaving the … Read more

Kingston, Ontario Hosts National Smart Energy Conference – January 26 & 27, 2021: Learn More

January 22, 2021January 22, 2021 by EnergyNow Media

Energy experts from across Canada and New York will be sharing their expertise on climate related topics Kingston, Ontario – January 18, 2021 – For the first time in Ontario, Kingston Economic Development is thrilled to host the Smart Energy Conference in partnership with Jameson Group and EventWorx Corporation on January 26 and 27, 2021. … Read more

98% Uptime Sound Appealing? Rise Above the Ongoing Global Economic Challenge

January 22, 2021January 22, 2021 by EnergyNow Media

When the pandemic hit in early 2020, global gross domestic product — the broadest measure of economic stability — nosedived. Fast forward to June, and even with factories regaining most of the ground they lost (the Institute for Supply Management estimates 60-70% recovery), global indicators are not strong. With a “second wave” of COVID-19 potentially … Read more

Loss of Keystone XL pipeline expected to hurt future oilpatch growth: experts

January 22, 2021January 22, 2021 by The Canadian Press

CALGARY — Western Canada’s oil producers will likely cope better with Joe Biden’s cancelling of the Keystone XL presidential permit than they did with the same move by ex-president Barack Obama in 2015, an industry analyst says.
But Phil Skolnick, a N…

Political scientists say Kenney must rethink pugilistic approach on oil, environment

January 22, 2021January 22, 2021 by The Canadian Press

EDMONTON — Political analysts say Premier Jason Kenney must rethink his traditional “fight back” approach and start building bridges to reconcile environmental concerns with oil and gas development.
“Attacks are not going to persuade anybody,” Lori Wi…

Irving Oil lays off 60 workers from Saint John refinery, citing collapse in demand

January 22, 2021January 22, 2021 by The Canadian Press

SAINT JOHN, N.B. — Irving Oil has laid off 60 workers from its Saint John refinery, saying the pandemic has had an “extreme and serious” impact on its business and industry.
The company says it also reduced its contractor workforce to 225 workers from…

WATCH & SHARE: Another Pipeline Cancelled in Canada – Aaron Gunn

January 22, 2021 by EnergyNow Media

Connacher Oil and Gas Limited Provides Update and Announces Pipeline Project

January 21, 2021 by EnergyNow Media

CALGARY, AB, Jan. 21, 2021 /CNW/ – Connacher Oil and Gas Limited (“Connacher” or the “Company”) is pleased to announce the following: While 2020 was an extremely challenging and unprecedented year for the energy sector, Connacher advanced several key initiatives in the second half of the year to position the Company for the future. Earlier in the year, … Read more

CAODC Extremely Disappointed with Biden Keystone XL Decision.

January 21, 2021January 21, 2021 by EnergyNow Media

The Canadian Association of Oilwell Drilling Contractors (CAODC) is extremely disappointed with President Biden’s decision to revoke the Keystone XL pipeline’s presidential permit retroactively. The Association supports Premier Kenney’s call for an immediate response from the federal government. “The federal government responded when the previous administration decided to renegotiate the North American Free Trade Agreement … Read more

Statement by the Prime Minister of Canada on the United States’ decision on the Keystone XL project

January 21, 2021 by EnergyNow Media

Français OTTAWA, ON, Jan. 20, 2021 /CNW/ – The Prime Minister, Justin Trudeau, today issued the following statement on the United States’ decision on the Keystone XL project: “Earlier today, Joe Biden was sworn in as the 46th President of the United States of America. While we welcome the President’s commitment to fight climate change, we are disappointed but acknowledge the President’s … Read more

Oil Slips With Virus-Driven Demand Risks at Forefront

January 21, 2021 by EnergyNow Media

Jan 21, 2021 (Bloomberg) Oil slid as worsening global coronavirus outbreaks point to the long road ahead for a consumption recovery. Futures fell as much as 1.1% in New York in a choppy trading session that saw prices briefly turn positive. JPMorgan Chase & Co. cut demand estimates for China as lockdowns spread, while the … Read more

Biden Blocking Keystone Threatens to End Mega Pipelines Era

January 21, 2021 by EnergyNow Media

Jan 20, 2021 (Bloomberg) Joe Biden’s move to block the $9 billion Keystone XL project is the clearest sign yet that constructing a major new pipeline in the U.S. has become an impossible task.The incoming president has pledged to reshape the U.S. energy sector and accelerate the transition from fossil fuels, and the cancellation of the … Read more

For Trudeau, Life After Trump Is Off to a Rocky Start

January 21, 2021January 21, 2021 by EnergyNow Media

Jan 21, 2021 (Bloomberg) President Joe Biden’s cancellation of the Keystone XL project has put Justin Trudeau in a no-win situation. He has no good options to retaliate. But a failure to fight back could fracture the unity of his own country.Biden revoked the permit for TC Energy Corp.’s oil pipeline via executive order hours after his inauguration … Read more

Gran Tierra Energy Inc. Announces Sale of 109,006,250 PetroTal Shares for US$14.8 Million

January 21, 2021 by EnergyNow Media

January 21, 2021 | Source: Gran Tierra Energy Inc. CALGARY, Alberta, Jan. 21, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that Gran Tierra Resources Limited (“GTRL”), a wholly owned subsidiary of Gran Tierra, has entered into arrangements with private purchasers providing for the sale by GTRL of an … Read more

Baker Hughes says energy downturn to bottom out this year

January 21, 2021 by EnergyNow Media

(Reuters) – Oilfield equipment and services provider Baker Hughes Co on Thursday joined larger rival Halliburton Co in saying the energy industry’s worst downturn in decades would turn a corner this year. Oil and gas producers have been forced to cut budgets, restructure operations and reduce employees, to tackle the COVID-19 pandemic-led fallout in energy … Read more

Big U.S. oil drillers have federal permits to mute effect of any Biden ban

January 21, 2021 by EnergyNow Media

(Reuters) – U.S. President Joe Biden’s promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives. But smaller independent oil drillers without the resources of big corporations were more worried about … Read more

TC Energy to cut 1,000 Keystone construction jobs, halt all work

January 21, 2021January 21, 2021 by EnergyNow Media

WINNIPEG, Manitoba/WASHINGTON (Reuters) – TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project’s presidential permit, the company said in an email to employees. Calgary-based TC Energy confirmed the authenticity of the email, sent by … Read more

‘Gut punch’: Alberta Premier Jason Kenney blasts Biden on revoked Keystone XL permit

January 21, 2021January 21, 2021 by The Canadian Press

CALGARY — Alberta Premier Jason Kenney is calling for the federal government to impose economic sanctions against the United States in response to newly inaugurated U.S. President Joe Biden’s “gut punch” decision to tear up the permit for the Keystone…

PRODUCT FEATURE: Confined Space Drone Specialists – Ranger Drone

January 21, 2021January 21, 2021 by EnergyNow Media

Ranger Drone uses only the most reliable and capable Flyability and DJI equipment when performing Drone inspections. Inspect and explore indoor and conﬁned spaces with our collision-tolerant Drones, improving safety and providing a less costly alternative to ropes, scaffolds, lifts, cranes, and excessive manpower. Our advanced Drones carry payloads including full HD cameras, thermal cameras, … Read more

Majority Female-Owned Land Surveying Firm Marks Significant ESG Milestone

January 21, 2021January 21, 2021 by EnergyNow Media

Universal Geomatics Solutions Corp. (UGS) is excited to announce that it has become a majority female-owned business, after recent share transactions within its existing shareholder group. This is a significant milestone for Environmental and Social Governance (ESG) at UGS. A purpose-driven company, UGS champions best-in-class initiatives in sustainability for industry. Diversity and inclusion are critical … Read more

Muddy Boots – The Most Full-Function Measure System in the Industry

January 21, 2021 by EnergyNow Media

We understand the need for a complete measurement solution because measurement is the “cash register” for oil & gas. Muddy Boots was built to solve this problem. Muddy Boots Measure is the most full-function measure system in the industry. Feel confident your measurement requirements are being met on time & with accuracy. Discover how Muddy … Read more

Equinor divests stake in Canada oil sands producer Athabasca

January 21, 2021January 21, 2021 by EnergyNow Media

OSLO (Reuters) – Norway’s Equinor said on Wednesday it has sold its stake in Athabasca Oil, a Canadian firm producing carbon-intensive oil sands. Majority state-owned Equinor sold 100 million shares, representing an 18.8% stake in Athabasca for a total of 18 million Canadian dollars ($14.2 million). Equinor, formerly called Statoil, received the shares in 2017 … Read more

Pushing Back The Great Reset – FREE Panel Discussion Including Rex Murphy: Register Here:

January 21, 2021January 21, 2021 by EnergyNow Media

Join us Thursday January 28th at 2:00pm Eastern as we convene a panel to discuss implications of the Great Reset and how freedom loving citizens can push back. There is no cost to join the discussion, but we do ask that you register in advance: Register HERE: This month the World Economic Forum meets … Read more

Birchcliff Energy Ltd. Announces 2021 Capital Program and Updated Five Year Plan

January 20, 2021 by EnergyNow Media

CALGARY, Alberta, Jan. 20, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its 2021 capital program and updated five year plan. “Our priorities over the next five years are to maximize free funds flow generation and strengthen our balance sheet. We believe this strategy will provide … Read more

Tourmaline Oil Corp. Announces Inaugural Issuance of Senior Unsecured Notes

January 20, 2021 by EnergyNow Media

CALGARY, AB, Jan. 20, 2021 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company“) is pleased to announce that it has agreed to issue $250 million aggregate principal amount of senior unsecured notes due January 25, 2028 (the “Notes“). The Notes will be issued at par for aggregate gross proceeds of $250 million and will bear interest at a fixed rate of 2.077% … Read more

Bonterra Energy Corp. Continues to Recommend Shareholders Reject the Hostile Bid by Taking No Action

January 20, 2021 by EnergyNow Media

Bonterra shareholders continue to advise the Company they will not tender their shares Bonterra is better positioned as a stand-alone entity Shareholders need to take no action to REJECT the offer CALGARY, AB, Jan. 20, 2021 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) and its Board of Directors reiterates its recommendation that shareholders reject … Read more

TC Energy disappointed with Expected Executive Action revoking Keystone XL Presidential Permit

January 20, 2021 by EnergyNow Media

Decision to impact thousands of union jobs, new renewable energy investments and opportunities for Indigenous communities January 20, 2021 | Source: TC Energy Corporation CALGARY, Alberta, Jan. 20, 2021 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the company) announced it is disappointed with the expected action to revoke the existing Presidential Permit … Read more

Oil Extends Gains With Broader Markets on Stimulus Hopes

January 20, 2021 by EnergyNow Media

By Elizabeth Low and Alex Longley Jan 20, 2021 (Bloomberg)Brent oil extended gains to above $56 a barrel, rising with other assets on hopes of more U.S. economic stimulus. While crude prices have undulated with the dollar and broader risk assets in recent days, it’s also being supported by renewed strength in the market’s structure. … Read more

Oil Producers Face a Long Haul Back to Business as Usual

January 20, 2021 by EnergyNow Media

By Julian Lee Jan 20, 2021 (Bloomberg) This is no time for the world’s oil producers to start adding supplies to the global market if they want to drain a glut that built up because of Covid-19.That’s the conclusion that comes out of the latest monthly forecasts published by the world’s three major oil agencies — the … Read more

OPEC ‘cautiously optimistic’ oil market will recover in 2021

January 20, 2021January 20, 2021 by EnergyNow Media

LONDON (Reuters) – OPEC’s secretary general said on Tuesday he was cautiously optimistic the oil market would recover this year from the slump in demand brought on by the coronavirus pandemic. Monthly meetings of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia – a group known as OPEC+ – are … Read more

XI Technologies: Open Asset Evaluation for January 2021

January 20, 2021 by EnergyNow Media

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

5 Reasons Why Your Training Program May Not be Working – Becht

January 20, 2021 by EnergyNow Media

By Maureen Brody Good training has always been necessary, but it has become imperative in recent years. With Industry’s aging demographics and retiring experience, widespread reductions of workforces, and razor-thin budgets, we need good training to carry us successfully into the future. As technology evolves more quickly and changes almost daily, we need good training … Read more

Best Practices For Virtual Presentations: 15 Expert Tips That Work For Everyone – Mary Abbjay

January 20, 2021 by EnergyNow Media

By Mary Abbajay In today’s COVID-19 world, virtual meetings and presentations have become the norm. While many presentation skills and best practices apply to both in-person and virtual presentations, expert virtual presenters understand the importance of adjusting their approach to match the medium. With in-person presentations, you more or less have a captive audience — you … Read more

Introducing ScreenLogix® Hydrocarbon Screening Tool by Delta Remediation

January 20, 2021January 20, 2021 by EnergyNow Media

Delta Remediation (Delta) has developed the ScreenLogix® Total Petroleum Hydrocarbon (TPH) soil test kit that can quickly and effectively determine the type and concentration of hydrocarbon contamination in soils. This method of testing is known as a Friedel Crafts reaction. Friedel Crafts reaction is the synthesis of hydrocarbons and ketones by the alkylation or acylation of an … Read more

Trudeau vows to keep up the fight to sway U.S. on merits of Keystone XL pipeline

January 20, 2021January 20, 2021 by The Canadian Press

WASHINGTON — Canada won’t stop trying to convince U.S. president-elect Joe Biden of the merits of the Keystone XL pipeline expansion, Prime Minister Justin Trudeau insisted Tuesday.
But even Trudeau’s full-throated defence of the controversial cross-b…

MEG Energy Announces US$600 Million Offering of Senior Unsecured Notes

January 19, 2021 by EnergyNow Media

CALGARY, AB, Jan. 19, 2021 /CNW/ – MEG Energy Corp. (“MEG” or the “Company”) (TSX: MEG) announced today that, subject to market and other conditions, it plans to commence a private offering (the “offering”) of US$600 million in aggregate principal amount of senior unsecured notes due 2029 (the “notes”). MEG intends to use the net proceeds of the offering, if completed, … Read more

MEG Energy Announces Preliminary 2020 Fourth Quarter and Full Year Financial and Operating Data

January 19, 2021 by EnergyNow Media

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted CALGARY, AB, Jan. 19, 2021 /CNW/ – MEG Energy Corp. (“MEG” or the “Company”) (TSX: MEG) announced today its preliminary estimates of expected ranges of certain financial and operating data for the three months … Read more

Pembina Pipeline Announces Binding Open Season on Cochin Pipeline

January 19, 2021 by EnergyNow Media

CALGARY, AB, Jan. 19, 2021 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) announced today that PKM Cochin ULC and Pembina Cochin LLC have launched an open season to obtain binding commitments for the transport of light condensate on the Cochin Pipeline. The open season begins January 19, 2021 at 8:00 a.m. MST and closes on February 18, 2021 at 5:00 p.m. … Read more

Oil gains on hopes for improving demand

January 19, 2021January 19, 2021 by EnergyNow Media

LONDON (Reuters) – Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped concerns that renewed COVID-19 lockdowns are cooling fuel consumption. Brent crude futures for March rose 73 cents, or 1.3%, to $55.48 a barrel by 1454 GMT after slipping 35 cents in the … Read more

IEA Cuts Oil Demand Forecast as New Lockdowns Temper Recovery

January 19, 2021 by EnergyNow Media

By Grant Smith Jan 19, 2021 (Bloomberg) The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year.“The global vaccine roll-out is putting fundamentals on a stronger trajectory for the year, with both supply and demand shifting back into growth,” the agency said in a monthly … Read more

Keystone XL May Be Sold for Scrap If Biden Moves to Kill It

January 19, 2021 by EnergyNow Media

Jan 18, 2021 (Bloomberg) The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds. “If the project ends, there would be assets that could be sold, such as enormous quantities of pipe,” Alberta Premier Jason … Read more

The GHG intensity of the Canadian Oil Industry – What the Scientific Research Actually Says – A Chemist in Langley

January 19, 2021January 19, 2021 by EnergyNow Media

Go to the ‘Chemist in Langley’ Website Posted on January 15, 2021 by Other Articles by Blair King Uncertainty is a fact of life in science. Understanding and communicating uncertainty is an essential element of the scientific pursuit. Uncertainty in research comes from the fact that, in most situations, we don’t have perfect information and can’t be absolutely … Read more

Shipments along St. Lawrence stayed flat in 2020, lifted by strong demand for grain

January 19, 2021January 19, 2021 by The Canadian Press

MONTREAL — Cargo shipping on the St. Lawrence Seaway remained flat last year, despite COVID-19’s harsh toll on demand for many products shipped along the waterway.
Nearly 38 million tonnes of cargo were shipped last year along the route stretching fro…

TC Energy decarbonization response to Keystone setback unlikely to sway ESG investors

January 19, 2021January 19, 2021 by The Canadian Press

Sustainable investing experts say TC Energy Corp.’s plan to decarbonize the Keystone XL pipeline is unlikely to save its fortunes, as a growing movement to divest from fossil fuels gains political clout.
U.S. President-elect Joe Biden intends to sign …

Alberta Premier Urges Trudeau to Press Biden, Save Keystone XL Pipeline

January 19, 2021January 19, 2021 by The Canadian Press

CALGARY — Premier Jason Kenney says Alberta has a strong legal basis for seeking damages if the Keystone XL pipeline expansion is killed.Documents seen by The Canadian Press show Joe Biden plans to scrap the project on his first day this week as Unite…

Real World Economics Will Drive Alberta’s Oil & Gas Recovery – David Yager

January 19, 2021January 19, 2021 by EnergyNow Media

By David Yager January 18, 2021 The irony cannot go unnoticed, the misleading narrative unchallenged. If the developed world could prosper on slogans alone, we’d all be rich. Build back better. The great reset. Resilient recovery. Energy transition. Green new deal. Peak oil. Sustainable development. Since the coronavirus and governments combined to tank the economy … Read more

A Letter to Incoming President Joe Biden – Heidi McKillop and Terry Etam

January 19, 2021January 19, 2021 by EnergyNow Media

Dear Joe: Aside from burning down the Whitehouse in 1814, we’ve been pretty good neighbours We can’t call you President Joe, not quite yet, even though it appears the Donald has finally thrown in the towel. Wow, he went out with a bang, didn’t he? But on to bigger things. We wanted to send you … Read more

Gran Tierra Energy Inc. Provides Update Regarding Proposed Sale of 218,012,500 Common Shares in PetroTal Corp.

January 18, 2021 by EnergyNow Media

January 18, 2021 | Source: Gran Tierra Energy Inc. CALGARY, Alberta, Jan. 18, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that Gran Tierra Resources Ltd. (“GTRL”), a wholly owned subsidiary of Gran Tierra, has terminated the purchase agreement with Remus Horizons PCC Limited regarding the proposed sale by GTRL … Read more

Freehold Royalties Ltd. Announces New President and Chief Executive Officer

January 18, 2021 by EnergyNow Media

January 18, 2021| Source: Freehold Royalties Ltd. CALGARY, Alberta, Jan. 18, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (“Freehold”) (TSX:FRU) is pleased to announce that it has appointed David Spyker as its new President and Chief Executive Officer. Mr. Spyker joined Freehold as Vice-President, Production in November 2016 and was appointed Chief Operating Officer in March … Read more

Vermilion Energy Inc. Announces 2021 Budget

January 18, 2021 by EnergyNow Media

CALGARY, AB, Jan. 18, 2021 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX, NYSE: VET) is pleased to announce its 2021 exploration and development (“E&D”) capital budget and associated production guidance. Highlights VIEW PDFVermilion Energy Inc. Announces 2021 Budget (CNW Group/Vermilion Energy Inc.) E&D capital budget of $300 million is a balanced and disciplined budget … Read more

Getting Help For Your Digital Transformation – Geoffrey Cann

January 18, 2021 by EnergyNow Media

By Geoffrey Cann Your digital transformation likely requires people with specific skills that are unlikely to be in your company. So what skills do you need and where do you find them? Help! A few years ago, Esther, a friend from work, invited me to go hiking with her in the Rockies. I was keen because … Read more

Keystone XL commits to become first pipeline to be fully powered by renewable energy

January 18, 2021January 18, 2021 by EnergyNow Media

January 17, 2021 | Source: TC Energy Corporation HOUSTON, Jan. 17, 2021 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the company) today announced a new sustainable energy initiative for the Keystone XL Project. The company will achieve net zero emissions across the project operations when it is placed into … Read more

Patricia Martinez Appointed Enerflex’s Chief Energy Transition Officer

January 18, 2021 by EnergyNow Media

January 18, 2021 | Source: Enerflex Ltd. CALGARY, ALBERTA, Jan. 18, 2021 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (“Enerflex” or “the Company” or “we” or “our”) announces the appointment of Patricia Martinez to the role of Chief Energy Transition Officer. Patricia is currently Enerflex’s President, Latin America and she will retain that role. A re-designed Latin … Read more

Oil Near $52 With Virus Still Surging and Dollar Strengthening

January 18, 2021 by EnergyNow Media

By Elizabeth Low and Alex Longley Jan 18, 2021 (Bloomberg) Oil futures edged lower as the dollar rose, while physical crude prices in Asia continued to weaken.Premiums for Russia’s ESPO crude, a favorite of refiners in Asia, have fallen by more than $1 since last month, according to traders who asked not to be identified. A … Read more

Choosing Mobile Devices for Your Workforce: Match the Equipment to Your Needs and Circumstances

January 18, 2021 by EnergyNow Media

Now that mobile devices have become prevalent in manufacturing environments, shrewd organizational leaders are using their capabilities to drive better maintenance management. Nevertheless, while mobile adoption is fairly straightforward, achieving mobile productivity can be more complex than it seems. Success requires leadership to take several key factors into account: The device and any applications running … Read more

Cancelled Keystone XL pipeline expansion won’t lessen oil dependency, experts say

January 18, 2021January 18, 2021 by The Canadian Press

CALGARY — Cancelling the multi-billion dollar Keystone XL pipeline expansion would not only jeopardize thousands of jobs in Alberta, it would also mean the loss of billions of dollars in corporate income taxes, carbon taxes and royalties, according to…

Westech Industrial Ltd. and Badger Meter Announce New Partnership

January 18, 2021 by EnergyNow Media

PRESS RELEASE – Westech Industrial and Badger Meters are excited to announce that Westech Industrial is now an authorized distributor of Badger’s Industrial Metering technologies throughout Canada. The partnership will bring their metering products to a number of industries helping them to improve performance, accuracy and keeping system maintenance to a minimum with critical applications. … Read more

Kenney, Moe condemn Biden’s plan to scrap Keystone XL on Day 1 of presidency

January 18, 2021January 18, 2021 by The Canadian Press

OTTAWA — The premiers of Alberta and Saskatchewan are condemning Joe Biden’s plan to scrap the Keystone XL pipeline expansion on his first day as U.S. president.
Biden’s plan is outlined in transition documents seen by The Canadian Press.
Jason Kenn…

U.S. drillers add oil and gas rigs for 8th week in a row -Baker Hughes

January 18, 2021January 18, 2021 by EnergyNow Media

Jan 15 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for an eighth week in a row as crude prices recover to their highest in nearly a year. The oil and gas rig count, an early indicator of future output, rose 13 to 373 in the week to Jan. 15, … Read more

Transition Documents Show Biden Plans Day 1 Order Blocking Keystone XL

January 18, 2021January 18, 2021 by The Canadian Press

WASHINGTON, D.C. — Transition documents suggest president-elect Joe Biden plans to block the Keystone XL pipeline on his first day in the White House.
The documents, seen by The Canadian Press, include a to-do list dated Wednesday that includes rescin…

A chronological history of the controversial Keystone XL pipeline project

January 18, 2021January 18, 2021 by The Canadian Press

A timeline of the controversial Keystone XL pipeline project:
July 2008: TC Energy Corp. (TSX: TRP) — then called TransCanada Corp. — and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major extension to the network. The expansion, d…

Oilpatch woes boost Calgary’s downtown office vacancy rates to record levels

January 18, 2021January 18, 2021 by The Canadian Press

CALGARY — Vacancies in Calgary’s downtown office towers have risen to record levels and there’s no landlord relief in sight with almost one in three offices sitting empty and sublets accounting for a quarter of available spaces on the market.
The city…

Statement from Conservative Leader Erin O’Toole on Keystone XL

January 17, 2021 by EnergyNow Media

Jason Kenney – Statement on Reports Incoming President Joe Biden May Block Keystone XL Pipeline

January 17, 2021 by EnergyNow Media

Jason Kenney Statement – January 17, 2021

WATCH: A Town Hall Discussion with With Erin O’Toole & Greg McLean on Canada’s Energy Issues – CAODC

January 17, 2021January 17, 2021 by EnergyNow Media

The Canadian Association of Drilling Contractors (CAODC) with CEO Mark Scholz hosted a Virtual Town Hall this week with Leader of the Official Opposition, The Honourable Erin O’Toole. Also joining him was Calgary Centre MP and Energy Critic Greg McLean. The topic was the precarious state of Canada’s energy industry. In case you missed the … Read more

Body of worker whose bulldozer fell through ice on inactive tailings pond recovered

January 17, 2021January 16, 2021 by The Canadian Press

FORT MCMURRAY, Alta. — Oilpatch giant Suncor says the body of a man whose bulldozer fell through the ice on one of its inactive tailings ponds earlier this week has now been recovered.
The company issued a statement saying emergency responders comple…

Distinction Energy Corp. (formerly named Delphi Energy Corp.) announces amendment and exercise of warrants issued to Kiwetinohk Resources Corp. and related amendments to Investor Agreement and Management Services Agreement

January 16, 2021 by EnergyNow Media

January 15, 2021 18:43 ET | Source: Distinction Energy Corp. CALGARY, Alberta, Jan. 15, 2021 (GLOBE NEWSWIRE) — Distinction Energy Corp. (formerly named Delphi Energy Corp.) (“Distinction” or the “Company”) announces that, effective January 15, 2021, the warrant certificate representing 3,348,799 class A common share purchase warrants of the Company (the “Warrants”) issued to Kiwetinohk Resources Corp. (“KRC”) was … Read more

Cardinal Announces Its 2021 Operating and Capital Budget Focused on Continued Debt Reduction and Asset Optimization

January 16, 2021 by EnergyNow Media

January 15, 2021| Source: Cardinal Energy Ltd. CALGARY, Alberta, Jan. 15, 2021 (GLOBE NEWSWIRE) — (CJ:TSX) Cardinal Energy Ltd. (“Cardinal” or the “Company”) is pleased to announce that its Board of Directors has approved an operating and capital budget for 2021 that will focus on debt reduction, maintaining production levels and abandonment and reclamation expenditures. Highlights … Read more

A Matter of Fact: Line 5 Safe, Critical for Communities in Michigan, Ohio, Ontario and Quebec – Deborah Jaremko

January 16, 2021 by EnergyNow Media

Pipeline has operated between Lake Michigan and Lake Huron for 68 years without a single leak By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A ship is seen passing beneath the Mackinaw Bridge straddling the Straits of Mackinac in Michigan, where Enbridge’s Line 5 has operated … Read more

Newfoundland government to fund refinery as search for buyer continues

January 16, 2021 by EnergyNow Media

(Reuters) – Canadian province Newfoundland and Labrador will give North Atlantic Refinery Limited C$16.6 million ($13.05 million) to keep its 135,000 barrels per day Come-by-Chance plant idled as the owner seeks a new capital partner, the provincial government said on Friday. FILE PHOTO: Ships are seen docked in the St. John’s Harbour in St John’s, … Read more

Commentary: The oil and gas industry’s $1.9 trillion in exports — Canada’s second biggest export sector: Mark Milke and Lennie Kaplan

January 16, 2021January 16, 2021 by EnergyNow Media

‘It would be a mistake to think Canada can do without the export wealth generated by the oil and natural gas industry’ By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter An oil tanker anchored in Burrard Inlet just a short distance from the Trans Mountain … Read more

Canada’s pipeline capacity woes slashed at least $14 billion from oil producers’ bottom line – Deborah Jaremko

January 16, 2021January 16, 2021 by EnergyNow Media

IHS Markit report finds lost opportunity impacted tax revenues and investor confidence By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction of the Trans Mountain pipeline is seen under way in Kamloops, B.C., Tuesday, Sept. 1, 2020. The Canadian Press Call it a US$14-billion lost opportunity. … Read more

Canada Weekly Rig Count Up 44 for Week Ending January 15, 2021

January 16, 2021January 16, 2021 by EnergyNow Media

Canada’s drilling rig count is up 44 active drilling rigs according to data collected by Baker Hughes for the week ending January 15, 2021. From one week ago, Alberta rig counts increased 27 to 108 and the Saskatchewan rig counts increased 12 to 30. Oil drilling increased 37 to 90 and gas increased 7 to … Read more

Perpetual Energy Receives Favourable Court Decision Dismissing the Sequoia BIA Claim

January 15, 2021 by EnergyNow Media

CALGARY, AB, Jan. 15, 2021 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to announce that the Alberta Court of Queen’s Bench (the “Court”) has summarily dismissed the balance of the Statement of Claim filed by PricewaterhouseCoopers Inc. LIT (“PwC”), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. (“Sequoia”) against Perpetual, Perpetual Operating Trust, … Read more

Canada’s Carbon Leak Problem – Michael Binnion

January 15, 2021January 15, 2021 by EnergyNow Media

Michael Binnion CEO of Questerre Energy Corporation Published by: Policy Options Most people I talk to have never heard of carbon leaks, which is when carbon policy causes emissions to be displaced to another jurisdiction. Yet the recent election in the United States heightens the importance of Canada taking carbon leaks into account, as it … Read more

VIDEO PREMIERE: Access Granted in Buffalo Creek

January 15, 2021January 15, 2021 by EnergyNow Media

Paradox Medium-PAS_20191015_171234_0244_v1

Find out how Paradox Access Solutions and engineering firm Stratum Logics built an 11 kilometre access road on top of muskeg, during record rainfall, for a client’s project in Buffalo Creek, Alberta.

Oil falls as China lockdown, U.S. unemployment data temper gains

January 15, 2021 by EnergyNow Media

LONDON (Reuters) – Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package. Brent was down 83 cents, or 1.5%, at $55.59 by 1316 GMT, after gaining … Read more

Schachter’s Eye on Energy: Slow rollout of Covid vaccines likely to shaft crude oil prices in the coming months. Downside could be US$10/b.

January 15, 2021January 15, 2021 by EnergyNow Media

Too Many Companies Are Banking on Carbon Capture to Reach Net Zero

January 15, 2021 by EnergyNow Media

Jan 15, 2021 (Bloomberg) As governments and companies jostle to show how committed they are to fighting global warming, plans to take carbon dioxide out of the air are becoming a giant loophole — just as experts have warned for years.The UN Principles for Responsible Investment estimates that some 42 companies announced net-zero targets in 2019 and 2020. More … Read more

U.S. shale producers lock in future sales as oil prices rise to one-year high

January 15, 2021 by EnergyNow Media

NEW YORK/HOUSTON (Reuters) – U.S. shale producers are taking advantage of the oil market’s rally to levels not seen in nearly a year by locking in prices for future sales, sources familiar with the matter said. U.S. crude futures this month jumped above $50 a barrel to the highest since February. The rally has sparked … Read more

Natural Gas and Oil Industry Investing in Canada’s Economic Recovery: CAPP forecasts an increase of more than $3 billion in planned upstream spending for 2021

January 15, 2021January 15, 2021 by EnergyNow Media

CALGARY, AB, Jan. 13, 2021 /CNW/ – The Canadian Association of Petroleum Producers (CAPP) is forecasting a 14 per cent increase in upstream natural gas and oil investment in 2021. Capital spending in the sector is expected to be around $3.36 billion higher this year, reaching $27.3 billion, compared to an estimated total investment of … Read more

Worker missing after dozer breaks through frozen tailings pond in northern Alberta

January 15, 2021January 15, 2021 by The Canadian Press

FORT MCMURRAY — A worker is missing after a dozer broke through ice on an inactive Suncor tailings pond in northern Alberta.Suncor Energy Inc. spokeswoman Erin Rees says crews responded to the accident Wednesday afternoon at the mine site near Fort Mc…

Share Your Story Through Video Marketing

January 14, 2021 by EnergyNow Media

The greatest way to share your story is through Video Marketing. It’s become the most popular form of content marketing that engages your B2B energy audience and is a powerful asset at any stage of your marketing & sales cycle. It’s measurable and can give you insight as to how your viewers click through your … Read more

IDENT Group Acquires ASAP Signs

January 14, 2021 by EnergyNow Media

IDENT Group Acquires ASAP Signs Dear IDENT Clients, As we kick off 2021, we want to thank you for your loyalty to IDENT over the many years. Since our inception in 1982, we have been grounded in the belief that okay was simply not good enough and have worked hard to become your partners in … Read more

RBC’s McKay Sees 100-Day Vaccine Race to Reboot Canada’s Economy

January 14, 2021 by EnergyNow Media

Country needs to vaccinate 4 million vulnerable people 2021 growth dictated by how fast shots can be delivered Royal Bank of Canada Chief Executive Officer David McKay says Canada is in a race to vaccinate enough people in the next three months to safely reopen its economy. About 4 million to 4.5 million high-risk Canadians will … Read more

Obsidian Energy Provides Compelling Reasons why Bonterra Shareholders Should Tender their Shares to the Offer

January 14, 2021 by EnergyNow Media

Combination Creates a Stronger Company with a Far Superior Future Markets are rewarding Consolidation with Share Price Appreciation CALGARY, AB, Jan. 14, 2021 /CNW/ – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy” or the “Company“) today provided Bonterra Energy Corp. (“Bonterra“) shareholders with compelling reasons why combining Bonterra and Obsidian Energy is in their best interests through increased … Read more

OPEC sees U.S. shale output recovering further on oil rally

January 14, 2021 by EnergyNow Media

LONDON (Reuters) – The outlook for U.S. shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Thursday, in a sign its policy of cutting output is helping rivals pump more. U.S. shale producers are not part of a pact between … Read more

Oil Rally Stalls Below $53 After Cold Weather Surge, Saudi Cuts

January 14, 2021January 14, 2021 by EnergyNow Media

Jan 14, 2021 (Bloomberg) Oil dipped, after frigid temperatures and Saudi Arabia’s promised output cuts helped push prices to a 10-month high.Futures traded below $53 a barrel in New York, having snapped a six-day gain on Wednesday. There are signs that physical markets are softening in Asia, with Abu Dhabi’s Murban crude at a discount to … Read more

Europe’s Oil Demand Starts 2021 With Whimper on New Virus Surge

January 14, 2021 by EnergyNow Media

By Alex Longley Jan 14, 2021 (Bloomberg) Europe’s oil demand is off to a sluggish start to the year as restrictions on movement limit the consumption of road fuels.Road use in the U.K., France, Italy and Spain was down 37% last week compared with pre-virus levels, according to data compiled by Bloomberg. Excluding year-end holidays, that’s … Read more

IEA says oil market outlook clouded by vaccine roll-out variables

January 14, 2021January 14, 2021 by EnergyNow Media

LONDON (Reuters) – Oil producers face an unprecedented challenge to balance supply and demand as factors including the pace and response to COVID-19 vaccines cloud the outlook, an official with International Energy Agency (IEA) said on Wednesday. “Producers are grappling with huge uncertainty about where this goes from here,” said Tim Gould, head of energy … Read more

January 2021 Innovation Funding Bulletin – Strategic Timelines

January 14, 2021 by EnergyNow Media

Hello Everyone – The Best in 2021! INNOVATION FUNDING UPDATES & NEW FUNDING ANNOUNCEMENTS The Canada Summer Jobs Program has opened and will be open for applications until January 31, 2021. Alberta’s ReLaunch Grant has been recently increased by $15,000 adding up to a total of $20,000. Alberta’s Innovation Employment Grant will be open for … Read more

Report warns global energy crisis looming without increased oil and gas investment – Deborah Jaremko

January 15, 2021January 14, 2021 by EnergyNow Media

Shortage could mean higher fuel prices, increased energy poverty and rise in greenhouse gas levels By Deborah Jaremko A BP drilling rig in the Khazzan gas field in Oman. Photograph courtesy BP A significant increase in oil and gas investment is required to stave off a coming global energy crisis, according to an international body that … Read more

Oil and gas industry forecasts small spending rise after slashed budgets in 2020

January 14, 2021January 13, 2021 by The Canadian Press

CALGARY — The Canadian Association of Petroleum Producers says it expects a $3.36-billion rebound in oilpatch capital spending in Canada in this year compared with the restrained spending of 2020.
The association says the 14 per cent increase in its m…

Third of oil and gas workers faced pay cut in 2020 due to pandemic, survey shows

January 13, 2021 by EnergyNow Media

LONDON (Reuters) – Almost one in three workers in the oil and gas industry faced pay cuts in 2020, a worldwide survey showed on Tuesday, as the coronavirus crisis drove down fuel demand and prices. Oil and gas workers are still among the highest paid in the world, but a majority of those questioned said … Read more

Trican Well Service Ltd. Announces Resignation of CFO

January 13, 2021 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – January 13, 2021) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company“) announced today that Robert Skilnick, Trican’s Chief Financial Officer, has resigned in order to pursue another business opportunity. Mr. Skilnick plans to remain with the Company to complete the year-end financial reporting process and to provide for an … Read more

U.S. Oil Output Is Set to Rise Next Year on Higher Prices, Drilling

January 13, 2021 by EnergyNow Media

Jan 12, 2021 (Bloomberg) The U.S. government is forecasting oil production to rise about 3.5% next year spurred by higher crude prices and a rebound in shale drilling.Oil output will average 11.49 million barrels a day in 2022, according to the Energy Information Administration. The agency, which left its production estimate for this year unchanged at … Read more

Oil Creeps Above $53 as Cold Weather Adds to Market Tightness

January 13, 2021 by EnergyNow Media

Jan 13, 2021 (Bloomberg) Oil crept higher, with a demand increase from cold weather the latest addition to a rally that has pushed crude to a 10-month high.Demand could get a boost of at least 1 million barrels a day, Goldman Sachs Group Inc. said, as frigid temperatures in Asia and Europe send other energy markets … Read more

Trudeau’s Cabinet Shuffle Signals Possible Election This Year

January 13, 2021January 13, 2021 by EnergyNow Media

By Kait Bolongaro Jan 12, 2021 (Bloomberg) Justin Trudeau’s decision to shuffle his cabinet is the strongest sign yet that he could soon send Canadians to the polls.The prime minister rearranged his front bench Tuesday when a key minister announced he is stepping down because he doesn’t want to run in the next election, which Trudeau may now … Read more

PRODUCT FEATURE: Self-Weathering Structures – Brandt

January 13, 2021January 13, 2021 by EnergyNow Media

Pillar of Strength. Brandt’s self-weathering transmission structures deliver superior durability and safety you can count on, even in the toughest conditions. And, the natural colouring of the structures blends in with the environment better than galvanized steel options to minimize visual impact. 1. Reliability These structures are purpose-built to outlast the competition, no matter where … Read more

Petrus Resources Announces First Quarter 2021 Capital Budget

January 13, 2021 by EnergyNow Media

January 12, 2021 | Source: Petrus Resources Ltd. CALGARY, Alberta, Jan. 12, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to provide its first quarter capital budget and outlook for 2021. Petrus’ Board of Directors has approved a first quarter 2021 capital budget of $9.0 million to drill three … Read more

XI Technologies: How third parties evaluate ARO to assess risk on potential investments

January 13, 2021 by EnergyNow Media

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. A lot of focus in liability management is centred on those who hold … Read more

Ashcroft Pressure and Temperature Instruments

January 13, 2021 by EnergyNow Media

With over 165 years of innovation woven into its history, Ashcroft is widely recognized as a global leader in Pressure and Temperature Measurement Instrumentation. Ashcroft is the leading source of Temperature and Pressure Instrumentation solutions for critical process and industrial applications across the globe. Their extensive industry experience and customer-driven approach allows them to provide … Read more

Integration of Integrity Operating Windows into Process Safety Management – Becht

January 13, 2021 by EnergyNow Media

Author: Matthew K. Caserta, P.E. Integrity Operating Windows (IOWs) are an important component of a world class mechanical integrity program. IOWs are not a new concept, as they have been around in different forms for many years. However, due to some recent high-profile industry indictments and with the publication of the first edition of API … Read more

Oilsands to Outshine Shale in 2021

January 13, 2021 by EnergyNow Media

For years the Canadian oilsands have been in competition with the shale boom in the United States and now in early 2021 there is a positive outlook from financial experts and Wall Street analysts. Canadian producers are emerging from the downturn stronger, with greater ability to generate free cash flow -Benny Wong and Adam J … Read more

Scovan: Artificial Intelligence provides greater efficiency, productivity and lower operating costs for oil and gas operations, leading to cleaner energy extraction and reduced GHG’s.

January 13, 2021 by EnergyNow Media

Written by Amardeep Sibia, Founder and CEO of Drishya AI Labs for Scovan Engineering Boosting Clean Energy with Artificial Intelligence Read the Article here By the year 2025 Artificial Intelligence (AI) will have transformed every aspect of the energy business and delivered over $800 Bn of value across the energy value chain. The world of … Read more

Communica, Largest Regulatory Engagement Firm in Western Canada, Celebrates 20th Anniversary

January 13, 2021 by EnergyNow Media

Communica is the Largest Regulatory Engagement in Western Canada Communica is proud to announce their 20th anniversary. Over the last two decades, Communica has grown to the largest stakeholder and indigenous engagement specialist firm in Western Canada. Doug Ford speaks to attendees during one of the annual Communica boat cruises in Vancouver. On this occasion, … Read more

Enbridge rejects Michigan’s order to shut down Line 5 pipeline through Great Lakes

January 13, 2021January 13, 2021 by The Canadian Press

TRAVERSE CITY, Mich. — Michigan’s demand that Enbridge Inc. shut down an oil pipeline that runs through a channel linking two of the Great Lakes is based on bad information and political posturing and will be ignored, the Calgary-based company said Tu…

You Lost Your Oil and Gas Job. Now What? – Geoffrey Cann

January 13, 2021January 13, 2021 by EnergyNow Media

By Geoffrey Cann You have lost your oil and gas job. What should you do now? As happens with depressing regularity, the global oil and gas industry has been scaling back its workforce as a way of coping with the on-going low prices of oil and gas. The headline oil and gas job losses are … Read more

Tamarack Valley Energy Announces 2021 Guidance and Corporate Update

January 12, 2021 by EnergyNow Media

TSX: TVE CALGARY, AB, Jan. 11, 2021 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) announces that the Board of Directors (the “Board“) has approved a 2021 capital budget of $105 to $110 million, designed to grow corporate oil production by approximately 30% on an exit-over-exit basis, generate significant free adjusted funds flow and maintain a strong balance … Read more

Oil Rallies to Fresh 10-Month High Amid U.S. Dollar’s Drop

January 12, 2021 by EnergyNow Media

Jan 12, 2021 (Bloomberg) Oil in New York extended its recent rally to a new 10-month high as the dollar edged lower, increasing the appeal of commodities priced in the currency.Earlier, futures rose above $53 a barrel to the highest since February 2020. Prices have been climbing since the beginning of the year after promises of … Read more

Avoiding CIO Failure in Oil and Gas – Yogi Schulz

January 12, 2021January 12, 2021 by EnergyNow Media

By Yogi Schulz [email protected] It’s no secret that the Canadian oil and gas industry is struggling. The major issues afflicting the sector include: Insufficient export pipeline capacity due to application approval gridlock. Complex and uncertain regulatory approval processes for development projects. Significant competition for markets from oil and gas producers in other countries, including the … Read more

A Matter of Fact: Line 3 Replacement Project is Safe, Required and Responsible

January 12, 2021January 12, 2021 by EnergyNow Media

The 540-km project will bring jobs, opportunities and safer, more reliable energy to communities in Minnesota and beyond By Deborah Jaremko Enbridge workers preparing pipe for the Line 3 Replacement Program. Photograph supplied by Enbridge Work is underway to complete the final leg of Enbridge’s Line 3 Replacement Project, bringing jobs, opportunities and safer, more reliable energy … Read more

Pembina Pipeline Corporation Announces Consideration of Hybrid Subordinated Debt Securities Offering

January 11, 2021 by EnergyNow Media

CALGARY, AB, Jan. 11, 2021 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL); (NYSE: PBA) announced today that it is considering an offering of hybrid subordinated debt securities under its short form base shelf prospectus dated December 30, 2020. If a successful offering is priced and completed, the Company intends to use the net proceeds of the … Read more

Bonterra Energy Corp. Confirms Previous Recommendation for Shareholders to Reject the Hostile Bid

January 11, 2021 by EnergyNow Media

Bonterra shareholders continue to advise the Company they will not tender their shares Amended offer displays lack of success with Hostile Bid Shareholders need to take no action to REJECT the offer CALGARY, AB, Jan. 11, 2021 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today confirms that the Company has carefully reviewed the … Read more

Canada Weekly Rig Count Up 58 for Week Ending January 8, 2021

January 11, 2021January 11, 2021 by EnergyNow Media

Canada’s drilling rig count is up 58 active drilling rigs according to data collected by Baker Hughes for the week ending January 8, 2021. From one week ago, Alberta rig counts increased 33 to 81 and the Saskatchewan rig counts increased 17 to 18. Oil drilling increased 35 to 53 and gas increased 23 to … Read more

CASE STUDY: Natural Gas – Methane Detection – Westech

January 11, 2021 by EnergyNow Media

Key Results: Deployed in days not months Massive monetary savings with easy deployment Installed flexible solution in a remote area Challenge Customer operates an underground natural gas storage facility. Once a natural gas field, the facility was successfully converted into a storage reservoir through gas reinjection. The process of conversion also involves drilling many new … Read more

Schachter’s Eye on Energy: Saudi’s Fear Of Economic Impact From New Africa Covid Mutation Causes Them To Unilateraly Cut Back Crude Production By 1.0Mb/d. Production

January 11, 2021January 11, 2021 by EnergyNow Media

Institute of Hazard Prevention: 2021 Course Calendar – All-New 2021 Training Calendar Plan Your Professional Development For The Year Ahead

January 11, 2021 by EnergyNow Media

Plan Your Safety Training Professional Development For 2021 The 2021 Training Calendar is here, and now is the perfect time to schedule your professional development plan for the year. With expert-led, experience-based courses, these programs are designed to elevate your critical risk management skills and competencies. Find the right course for you; choose from three … Read more

OPEC crude output cuts should help U.S. shale profits in 2021

January 11, 2021January 11, 2021 by EnergyNow Media

HOUSTON (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude oil production has fallen 2 million barrels … Read more

Oil Dips Below $52 With Dollar Rising as Rally Takes a Breather

January 11, 2021January 11, 2021 by EnergyNow Media

By Saket Sundria and Alex Longley Jan 11, 2021 (Bloomberg) Oil fell as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months.Futures in New York lost 1% as the dollar’s gains reduced the appeal of raw materials such as oil that are priced in … Read more

Saudi Arabia’s Output Cuts Will Protect Its Riches: David Fickling

January 11, 2021January 11, 2021 by EnergyNow Media

By David Fickling Jan 10, 2021 (Bloomberg Opinion)Saudi Arabia’s decision last week to deliver a surprise cut of 1 million barrels a day in its crude production shocked the oil market.In abandoning a policy of collective responsibility and letting other members of the OPEC+ grouping increase output while reducing its own, the kingdom took the entire burden of balancing supply and … Read more

Pieridae COO Departs Company

January 10, 2021 by EnergyNow Media

January 08, 2021 | Source: Pieridae Energy Limited NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, Jan. 08, 2021 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced Chief Operating Officer (“COO”) Tim de Freitas has left the Company effective immediately to pursue other endeavours. “On behalf … Read more

STEP Energy Services Ltd. Provides Updated Outlook & to Attend at the CIBC Western Institutional Investor Conference

January 10, 2021 by EnergyNow Media

January 08, 2021| Source: STEP Energy Services Ltd. CALGARY, Alberta, Jan. 08, 2021 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) is pleased to provide an updated outlook, and to announce that it will be attending the CIBC Western Institutional Investor Conference, held virtually January 20-22, 2021. UPDATED OUTLOOK STEP is pleased to provide an update … Read more

U.S. drillers add oil and gas rigs for 7th week in a row -Baker Hughes

January 8, 2021 by EnergyNow Media

Reuters Jan 08, 2021 U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row as higher energy prices have prompted producers to pull more fuel out of the ground in recent months.The oil and gas rig count, an early indicator of future output, rose nine to 360 … Read more

Oil Has Best Week in Four Months With Saudi Cut Buoying Prices

January 8, 2021January 8, 2021 by EnergyNow Media

Jan 8, 2021 (Bloomberg) Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying.Futures in New York advanced $3.72 this week and Brent oil topped $55 a barrel for the first time since February. Saudi Arabia’s pledge earlier this week to cut production … Read more

Saudi Prince Hits a New Year Reset by Making Allies Not Enemies

January 8, 2021 by EnergyNow Media

Jan 7, 2021 (Bloomberg) On a day that Saudi Arabia jolted the oil market with an output cut it called a “gesture of goodwill,” the kingdom’s de-facto ruler took center stage in a mirrored concert hall, ready to resolve a different crisis.Crown Prince Mohammed bin Salman had presided over the rift with Qatar for more than … Read more

Exporting the U.S. Shale Boom Has Changed Oil Markets Forever

January 8, 2021January 8, 2021 by EnergyNow Media

Jan 7, 2021 (Bloomberg) Five years ago on New Year’s Eve, the Theo T left the Texas Gulf Coast with the first U.S. shale crude shipment overseas. The oil, gathered from nearby ConocoPhillips wells and sold to trading giant Vitol Group, set sail for Italy just two weeks after lawmakers lifted a long-standing ban on exports. … Read more

Exxon Holds Back on Technology That Could Slow Climate Change

January 8, 2021 by EnergyNow Media

By Kevin Crowley and Akshat Rathi (Bloomberg) Elk and pronghorn antelope migrate each fall through southern Wyoming, where the sparsely vegetated landscape slowly gives way to the foothills of the Rocky Mountains. Interrupting this serene vista is a dense web of steel pipes, tanks, and pumps owned by Exxon Mobil Corp. The industrial complex provides … Read more

InPlay Oil Corp. Announces 2021 Capital Budget and Guidance and Provides an Operations Update with Production Guidance Exceeding Pre-COVID 2019 Production Levels

January 8, 2021 by EnergyNow Media

January 07, 2021 | Source: InPlay Oil Corp. CALGARY, Alberta, Jan. 07, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that its Board of Directors has approved a $23 million capital program for 2021 with forecast average production of 5,100 – 5,400 boe/d (69% oil and … Read more

Canada’s oil sands hit record high production

January 8, 2021January 8, 2021 by EnergyNow Media

CALGARY, Alberta (Reuters) – Canada’s oil sands production hit a record high in November, according to the latest regulatory data, and will likely continue to rise as producers ramp up output following the end of provincial government production curtailments in Alberta. Northern Alberta’s oil sands account for roughly two thirds of crude output from Canada, … Read more

Oil Touches Fresh 11-month Highs after U.S. inventory, U.S. Capitol Drama

January 7, 2021 by EnergyNow Media

LONDON (Reuters) – Oil prices were steady on Thursday after hitting fresh 11-month highs on a fall in U.S. stockpiles and in the wake of a pledge by Saudi Arabia to cut output by more than expected. Brent crude was flat at $54.30 a barrel at 1452 GMT after touching $54.90, a fresh high not … Read more

The Real Price of Saudi Arabia’s Surprise Oil Cuts: Julian Lee

January 7, 2021 by EnergyNow Media

By Julian Lee Jan 6, 2021 (Bloomberg Opinion) Saudi Arabia’s $3 billion insurance premium to protect against falling oil prices will end up being a lot smaller than it seems at first sight. That holds even if demand turns out to be stronger than the kingdom seems to fear.This week’s OPEC+ meeting of oil producers broke up in … Read more

Shale CEO Sees Slow U.S. Oil Output Recovery Despite OPEC Pact

January 7, 2021 by EnergyNow Media

By David Wethe Jan 6, 2021 (Bloomberg) One of the top producers in America’s shale patch doesn’t see drilling picking up significantly even after this week’s surprise Saudi pledge to curb production sent prices surging.“I really don’t see much increase in the Permian Basin or the U.S. shale over the next several years,” said Scott Sheffield, … Read more

Advantage Announces Operational Update, Step Change in Well Productivity

January 7, 2021 by EnergyNow Media

(TSX: AAV) CALGARY, AB, Jan. 6, 2021 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to provide an operational update, including a step change in well productivity combined with reduced capital costs. All development in the second half of 2020 was focused on the foundational Glacier asset, using existing infrastructure and owned plant … Read more

Briko Energy Corp. Announces Management Changes and Initiation of Strategic Alternatives Process

January 7, 2021 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – January 6, 2021) – Briko Energy Corp. (“Briko” or the “Corporation”) announces management changes and initiation of a strategic alternatives process. MANAGEMENT CHANGES John H. Van de Pol, President & CEO, has advised Briko’s Board of Directors (the “Board”) and executive team of his intention to step down as President & … Read more

Kelt Releases Inaugural ESG Report

January 7, 2021 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – January 7, 2021) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) is pleased to announce the release of its inaugural ESG Report, dated January 7, 2021, as part of its ongoing commitment to health and safety, responsible and sustainable resource development, good governance practices and community engagement. The ESG … Read more

Canada’s Suncor Restarts Fort Hills Oil Sands Mining Operations

January 7, 2021 by EnergyNow Media

CALGARY, Alberta (Reuters) -Canada’s Suncor Energy Inc has restarted operations at its Fort Hills oil sands mine in northern Alberta, a company spokeswoman said on Wednesday, after operations were halted last week following the deaths of two workers in a vehicle collision. “We have started a slow and safe restart at our Fort Hills operation … Read more

The 10 Ways Renewable Energy’s Boom Year Will Shape 2021

January 7, 2021January 7, 2021 by EnergyNow Media

Jan 6, 2021 (Bloomberg) Even after Covid-19 has wreaked havoc on almost everything else, the new year begins with surging growth for renewable energy. “2020 was the year of positive surprises for the environment in a way that very few saw coming,” says Jeff McDermott, head of Nomura Greentech. “It was the breakout year in sustainability and infrastructure.”Growth … Read more

TC Energy invites bids for Keystone pipeline space as plans advance for Keystone XL

January 6, 2021January 6, 2021 by The Canadian Press

CALGARY — The Calgary company building the Keystone XL pipeline is inviting oil shippers to bid for capacity expected to be made available when it opens in about two years despite a vow by the incoming U.S. president to halt the project.
TC Energy spo…

World Winter Is Colder This Year and That’s Good for Energy Prices

January 6, 2021January 6, 2021 by EnergyNow Media

By Bloomberg News Jan 6, 2021 (Bloomberg)Freezing weather that’s gripped large parts of the northern hemisphere is delivering a winter blessing for oil, gas and coal prices as suppliers meet a surge in heating demand.Temperatures across much of Europe and Asia are well below normal and forecasters expect them to stay there for most of … Read more

Oil Trades Above $50 Buoyed by Deep Saudi Output Cut

January 6, 2021January 6, 2021 by EnergyNow Media

By Sharon Cho and Alex Longley Jan 6, 2021 (Bloomberg) Oil touched a 10-month high above $50 a barrel after Saudi Arabia pledged to cut an extra 1 million barrels a day of crude output in February and March.Futures in New York added 0.9% after the kingdom’s surprise move drove prices up 4.9% on Tuesday. OPEC+’s … Read more

Freehold Royalties Ltd. Announces Closing of U.S. Royalty Assets

January 6, 2021 by EnergyNow Media

January 05, 2021 | Source: Freehold Royalties Ltd. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, Jan. 05, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (“Freehold”) (TSX:FRU) announces that it has closed its previously announced acquisition of diversified, high quality, U.S. royalty assets (the “Acquired Assets”) for US$58 million (the … Read more

Goldman Sees Surprise Saudi Cut as Signal Oil Demand to Weaken

January 6, 2021 by EnergyNow Media

By Sharon Cho Jan 5, 2021 (Bloomberg) Saudi Arabia’s decision to cut oil production probably reflects expectations for demand to weaken further as coronavirus lockdowns return around the world, according to Goldman Sachs Group Inc.The kingdom’s pledge to lower output by 1 million barrels a day in February and March was surprising for several reasons, Goldman … Read more

Becht’s BRAVO – The Next Evolution in Driving Margin Improvement

January 6, 2021 by EnergyNow Media

By: Robert Ohmes As highlighted in Becht’s “Winners, Losers, and Everything in Between” and Energy Transition webinars, the Energy Industry has experienced unprecedented change in 2020 – lower and slower demand recovery putting pressure on gross margins, overcapacity leading to facility shutdowns, reductions in staffing levels, delays in turnaround maintenance, and cutbacks in capital budgets. … Read more

Register Now to meet John Hayes at the Haynesville Natural Gas Drilling & Completions 2021 Exhibition & Conference in Houston, Texas on March 17-18.

January 6, 2021 by EnergyNow Media

Register Now to meet John Hayes at the Haynesville Natural Gas Drilling & Completions 2021 Exhibition & Conference in Houston, Texas on March 17-18. John will be leading the discussion on A Convenient Technology to Estimate GeoMechanical properties from Drilling Data. Click here to learn more about the event: www.haynesville.drilling-completions.com/access/program

2021 Annual Training Pass: Save up to 75%, Limited Time Offer on Process Safety Management Training – Institute of Hazard Prevention

January 6, 2021 by EnergyNow Media

There are only a few weeks left to reserve your ticket to a year of expert-led process safety management training for you, your team or your whole organization with the 2021 Training Pass from The Institute of Hazard Prevention. The Institute is uniquely the only training facility in Canada designed to help organizations like yours … Read more

Saudis Take Charge of Oil Market With Surprise Production Cut

January 6, 2021January 6, 2021 by EnergyNow Media

Jan 5, 2021 (Bloomberg)Saudi Arabia surprised the market with a large cut in crude production, a bold assertion of primacy over the global oil industry that came directly from the kingdom’s de-facto ruler. The move papered over cracks in the OPEC+ coalition and was a U-turn from some recent Saudi oil-policy priorities, but those things … Read more

Oil prices jump 5% on OPEC+ output talks, Iran tension

January 5, 2021January 5, 2021 by EnergyNow Media

NEW YORK (Reuters) – Oil prices climbed nearly 5% on Tuesday after news that Saudi Arabia will make voluntary cuts to its oil output, while international political tension simmered over Iran’s seizure of a South Korean vessel. Brent crude futures rose $2.51, or 4.9%, to settle at $53.60 a barrel. U.S. West Texas Intermediate crude … Read more

Obsidian Energy Announces First Half 2021 Drilling Program and Guidance

January 5, 2021 by EnergyNow Media

$40 million capital in development and decommissioning program for first half 2021 Seven well drilling program builds on success of 2020 Willesden Green Cardium locations CALGARY, AB, Jan. 5, 2021 /CNW/ – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy” or the “Company“) today announced first half 2021 guidance as the Company continues to advance its development in the Cardium … Read more

OPEC+ Heads Back Into Talks on Supply Hike With Russia Isolated

January 5, 2021 by EnergyNow Media

By Salma El Wardany, Grant Smith and Javier Blas Jan 5, 2021 (Bloomberg) OPEC+ heads back into talks seeking a resolution to Monday’s breakdown, with Russia isolated in its push for a production hike against a majority that want to maintain current output cuts.Ministers needed more time to resolve differences over how much extra oil the … Read more

Precision Drilling Announces 2020 Debt Repayments Exceeding Guidance and Increases Long-Term Debt Reduction Target Through 2022

January 5, 2021 by EnergyNow Media

January 05, 2021 | Source: Precision Drilling Corporation CALGARY, Alberta, Jan. 05, 2021 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) provides a series of announcements including: 1) debt repayment update; 2) increase in long-term debt reduction target; 3) liquidity update; and 4) drilling activity update. Debt Repayment Update Following additional open market … Read more

Suncor to take $425M impairment charge on White Rose and West White Rose

January 5, 2021January 5, 2021 by The Canadian Press

CALGARY — Suncor Energy Inc. says it will take a $425-million impairment charge related to its stake in the White Rose offshore oilfield and West White Rose expansion project.While White Rose is currently producing, the $2.2-billion West White Rose Pr…

2021 Positive Energy: The Start of a New Beginning is Here – Gemini Fabrication

January 5, 2021 by EnergyNow Media

“A team you can count on. A product you can trust.” ***We bring your structure to life *** Gemini has over 20 years’ experience as a CWB shop. Our structural and site steel capabilities provide the fastest turnaround to all your structural applications. Our lean manufacturing process offers high value to all clients and their … Read more

An Overview on Acoustic Emission Testing – Stress Engineering Services

January 5, 2021 by EnergyNow Media

When materials are cracking, deforming or otherwise becoming damaged, they produce a kind of sound. Sometimes, these sounds are loud and obvious. Other times, they are much more subtle, and to detect them, you need to use specialized equipment. Detecting these subtler sounds through acoustic emission testing (AET) can reveal cracks and other defects that are forming … Read more

Swelling Iraqi Oil Sales Mean Trouble for OPEC+ Output Talks

January 5, 2021January 5, 2021 by EnergyNow Media

By Anthony Di Paola Jan 5, 2021 (Bloomberg) Iraq boosted crude exports in December and may have exceeded its OPEC+ output quota, which could complicate talks on Tuesday between major producers over whether to boost oil supplies. Crude shipments from Iraq, the largest producer in the Organization of Petroleum Exporting Countries after Saudi Arabia, rose 4% … Read more

Whitecap Resources Inc. Announces Closing of NAL Resources, Strong Finish to 2020 and Robust First Quarter Drilling Program

January 5, 2021January 5, 2021 by EnergyNow Media

CALGARY, AB, Jan. 4, 2021 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that it has successfully completed the previously announced strategic combination with NAL Resources Limited (“NAL”) (the “NAL Combination”). Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding NAL shares. 2020 has been … Read more

Vacations abroad cost Canadian politicians’ jobs amid COVID-19 travel curbs

January 5, 2021January 5, 2021 by EnergyNow Media

CALGARY, Alberta (Reuters) -Eight Canadian politicians resigned or were demoted on Monday after travelling internationally over the Christmas holidays despite urgings from government officials to avoid non-essential trips during the COVID-19 pandemic. Conservative member of parliament David Sweet resigned as chair of the House of Commons’ ethics committee after he travelled to the United States … Read more

A Look Back At My Top 5 Digital Oil and Gas Trends To Watch In 2020 – Geoffrey Cann

January 5, 2021January 5, 2021 by EnergyNow Media

Last year I highlighted 5 digital oil and gas trends that I thought were worth watching. Let’s see how they panned out… Digital Oil and Gas Trends It’s a fool’s errand to try to predict the future. 2020 was a crisp lesson in predictability, or perhaps more appropriately, unpredictability. I can almost guarantee that few … Read more

Suncor to record impairment charge on White Rose assets

January 4, 2021 by EnergyNow Media

January 04, 2021 | Source: Suncor Energy Inc. All financial figures are in Canadian dollars. CALGARY, Alberta, Jan. 04, 2021 (GLOBE NEWSWIRE) — Suncor today advised that it will record in the fourth quarter of 2020 a non-cash after-tax impairment charge of approximately $425 million on its share of the White Rose asset and West White … Read more

PrairieSky Recognized as a Global Sustainability Leader in Newly Released ESG Rankings

January 4, 2021 by EnergyNow Media

January 04, 2021 | Source: PrairieSky Royalty Ltd. CALGARY, Alberta, Jan. 04, 2021 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (TSX: PSK) (“PrairieSky” or the “Company”), Canada’s leading energy royalty business, is pleased to announce that during 2020 it received high scores from several globally recognized rating agencies, including CDP and Sustainalytics, for demonstrating outstanding performance in … Read more

Transaction to combine Husky and Cenovus closes

January 4, 2021 by EnergyNow Media

January 04, 2021 | Source: Husky Energy Inc. CALGARY, Alberta, Jan. 04, 2021 (GLOBE NEWSWIRE) — Husky Energy is pleased to announce the transaction to strategically combine with Cenovus Energy has closed. The transaction was completed through a definitive arrangement agreement announced on October 25, 2020 under which Cenovus and Husky agreed to combine in an all-stock transaction. … Read more

Cenovus closes transaction to combine with Husky

January 4, 2021 by EnergyNow Media

January 04, 2021| Source: Cenovus Energy Inc CALGARY, Alberta, Jan. 04, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is pleased to announce that its strategic combination with Husky Energy Inc. has closed. The transaction creates a resilient integrated energy leader that is well positioned to provide superior returns for investors over the … Read more

OPEC+ Wary of Fragile Recovery Before Output-Hike Decision

January 4, 2021 by EnergyNow Media

By Salma El Wardany, Grant Smith and Javier Blas Jan 4, 2021 (Bloomberg) OPEC+ ministers will gather on Monday to discuss whether the oil market is strong enough to absorb another supply hike next month, with many countries wary of undermining a fragile recovery.At a long and late meeting on Sunday, several countries including Saudi Arabia … Read more

Oil Erases Gain With OPEC+ Set to Decide on February Output

January 4, 2021January 4, 2021 by EnergyNow Media

By Sharon Cho and Alex Longley Jan 4, 2021 (Bloomberg) Oil erased earlier gains ahead of an OPEC+ meeting to decide whether the group can keep lifting output as a surging virus threatens the global energy demand recovery.Futures in New York fell 0.3% after earlier approaching $50 a barrel. The Organization of Petroleum Exporting Countries and … Read more

Goldman Holds On as Top Canadian M&A Adviser in Slow Deals Year

January 4, 2021January 4, 2021 by EnergyNow Media

By Kevin Orland Jan 4, 2021 (Bloomberg) Goldman Sachs Group Inc. held on as the top adviser for mergers and acquisitions in Canada for the third straight year, making the most of a sluggish time for dealmaking.Goldman advised on 24 announced deals involving Canadian companies with a combined value of $50 billion, according to 2020 data … Read more

2021 Outlook Part 2: Human Nature Permitting, Canadian Oil & Gas Has A Strong Future – David Yager

January 4, 2021January 4, 2021 by EnergyNow Media

By David Yager (Part 2 of 2) Read Part 1 Here: 2021 Outlook Part 1: COVID Vaccine Will Prevent More False Predictions About Oil’s Future – David Yager December 29, 2020 “The brave man is not he who does not feel afraid, but he who conquers that fear.” Nelson Mandela 2020 will go down in … Read more

Climate-Related Reporting and Scenario Analysis – Practical Insights for Reporters: KPMG

January 4, 2021 by EnergyNow Media

Author: KPMG Canada Companies are looking to better understand financial risks from climate change, and effectively disclose these to stakeholders. Scenario analysis, part of the TCFD recommendations, provides a structured way to identify a range of potential long-term futures, allowing companies to understand the climate-related risks relevant to their business and how they may evolve … Read more

Fire & Gas Mapping Introductory Course: Emphasis on Liquefied Petroleum Gas (LPG) – WESTECH

January 4, 2021 by EnergyNow Media

Sign up for this very popular Fire & Gas Mapping introductory class with a special emphasis on Liquefied Petroleum Gas (LPG) available to those for just $95.00. To register for the course go to https://bit.ly/2JcSNxj Introduction class to fire and gas mapping using performance-based analysis for coverage assessments. This class has a special emphasis on LPG … Read more

Industrial equipment and services provider Wajax to buy Tundra for $99 million

January 4, 2021January 4, 2021 by The Canadian Press

CALGARY — Shares in industrial equipment and services provider Wajax Corp. are rising after it announced the acquisition of privately held Tundra Process Solutions Ltd. for $99.1 million.
The offer for its Calgary-based rival consists of $74.6 million…

Marksmen Announces First Closing of Private Placement

January 3, 2021 by EnergyNow Media

December 31, 2020 | Source: Marksmen Energy CALGARY, Alberta, Dec. 31, 2020 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSXV: MAH) (OTCQB: MKSEF) (“Marksmen” or the “Company”) announces that it has completed the first closing of its previously announced non-brokered private placement of units (the “Units”) of Marksmen (the “Offering”). The Company issued 2,425,000 Units at a price of … Read more

Cardinal Energy Ltd. Announces Closing of Private Placement

January 3, 2021 by EnergyNow Media

December 30, 2020 | Source: Cardinal Energy Ltd. CALGARY, Alberta, Dec. 30, 2020 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) announces that it has closed the non-brokered private placement (the “Private Placement“) of 2nd lien secured notes for gross proceeds of $16,244,000 and 8,122,000 units (the “Units“) at a subscription price of $0.50 … Read more

Razor Energy Corp. Announces Deferral of Interest Payment

January 3, 2021January 3, 2021 by EnergyNow Media

December 31, 2020 16:15 ET | Source: Razor Energy Corp. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, Alberta, Dec. 31, 2020 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company“) (TSXV: RZE) is … Read more

OPEC+ Emerges From 2020 Chaos to Face Delicate Balancing Act

January 3, 2021 by EnergyNow Media

By Grant Smith Jan 3, 2021 (Bloomberg) As one of the most tumultuous years in oil’s history ends, a delicate task now confronts OPEC+.The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without capsizing the price recovery they spent most of 2020 working to achieve.Moscow believes that … Read more

Sizzling Hot: Solar stocks set to end pandemic year at record highs

January 3, 2021January 3, 2021 by EnergyNow Media

(Reuters) – Solar stocks dazzled in 2020 and looked set to wrap up a year ravaged by the COVID-19 pandemic with triple-digit gains amid a shift in focus to ‘clean energy’ as the outbreak decimated the global oil industry. Giving the rally a leg up was Joe Biden’s victory in the November U.S. presidential election, … Read more

First Nations Communities Increasingly See Oil and Gas Projects as Pathways to Prosperity

January 3, 2021January 3, 2021 by EnergyNow Media

‘To say that we are all against development is ludicrous. We’re in favour of prosperity’ By Shawn Logan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Dale Swampy President National Coalition of Chiefs in Calgary, Alberta. Photograph for Canadian Energy Centre The notion that Indigenous people in Canada broadly … Read more

When, Why and How About Natural Gas – A Canadian Tragedy in the Making – Mark Kuppe

January 3, 2021January 3, 2021 by EnergyNow Media

By: Mark Kuppe “Natural Gas” you say? “Isn’t that yesterday’s news?” Why ‘yes, yes it is’… but rather than view that as a negative, I view it as a plus! Say what? Natural gas has been the backbone residential heating fuel for the Northern hemisphere for going on a hundred years now, it is the … Read more

Facts, data, and Indigenous opportunities: The Most Viewed Stories of 2020 by the Canadian Energy Centre

January 3, 2021January 3, 2021 by EnergyNow Media

By Deborah Jaremko Getty Images photo Canada’s oil and gas industry has a positive tailwind pushing it into 2021, despite the challenges the industry has faced this year. That boost is the spreading awareness of the benefits the industry has across the Canadian economy, its successes in responsible development, the opportunities it presents to Indigenous … Read more

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