Mar 31, 2021 (Bloomberg) Oil traded near $60 a barrel in New York ahead of an OPEC+ meeting this week, with the group expected to maintain its cautious stance on boosting output as near-term demand concerns persist.West Texas Intermediate moved between small gains and losses, after dropping 1.6% on Tuesday. In the run-up to Thursday’s closely watched … Read more
LONDON (Reuters) – OPEC oil output has risen in March as higher supply from Iran countered reductions by other members under a pact with allies, a Reuters survey found, a headwind for its supply-limiting efforts if Tehran’s boost is sustained. The 13-member Organization of the Petroleum Exporting Countries pumped 25.07 million barrels per day (bpd) … Read more
(Reuters) – Oil prices will stabilise above $60 a barrel level this year, as vaccine rollouts support a demand recovery and OPEC and its allies continue to rein in supply, a Reuters poll showed on Wednesday. The survey of 48 participants forecast Brent would average $63.12 per barrel in 2021, up from last month’s consensus … Read more
March 31, 2021 All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, March 31, 2021 (GLOBE NEWSWIRE) — Gibson Energy Inc. announced today it has entered into a long-term agreement with Suncor Energy Inc. (“Suncor”) for services at the Company’s Edmonton Terminal and the related sanction of an expansion to support the … Read more
March 31, 2021 THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, March 31, 2021 (GLOBE NEWSWIRE) — Leucrotta Exploration Inc. (the “Company” or “Leucrotta”) (TSX-V: LXE) is pleased to announce that, further to its press … Read more
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. For years, XI Technologies has published top tens lists examining data from … Read more
Krzysztof Palka, CEO of Akinê Inc. discusses utilizing cloud technology in the oil and gas industry, optimizing under-performing wells and environmental sustainability. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com
Becht has a team of HF Alky experts that have established and led the alkylation networks and licensing activities for companies like XOM, BP, P66, Shell, and UOP. Becht SMEs have worked in over 95% of the refineries in North America and many others internationally and bring an owner-operator perspective of safety, reliability, quality, cost, … Read more
QTest inspection has been supplying Nondestructive Testing (NDT) services throughout Western Canada since 1995. Our services are not limited to Radiographic Testing (RT), Ultrasonic Thickness Testing (UT), Magnetic Particle Testing (MT), Liquid Penetrant Testing (PT) and Hardness Testing (HT), to name a few. With our experience, we are mandated to help clients adhere to regulatory compliance and … Read more
Taking place online, this oil and gas summit will feature services and technology being offered from organizations across Alberta. This is an event open to both members and non-members of Alberta Tech Forum, however it is limited to senior leadership personnel for medium to large sized organizations. When June 10, 2021 Schedule 1 PM – … Read more
WASHINGTON — Shutting down the Line 5 pipeline would create a “dangerous precedent” that would forever imperil future cross-border infrastructure projects between Canada and the United States, says Alberta’s energy minister.
Sonya Savage joined count…
‘The entire industry is focused on how we move forward and what are the clean technologies we need’ By Deborah Jaremko Contestant teams in the NRG COSIA Carbon XPRIZE are testing their technologies at the Alberta Carbon Conversion Technology Centre, which receives CO2 from the Shepard Energy Centre. Photo courtesy InnoTech Alberta Subodh Gupta says work … Read more
CALGARY — No surprises are expected today as shareholders in ARC Resources Ltd. and Seven Generations Energy Ltd. vote virtually on an all-shares transaction to form Canada’s sixth-largest oil and gas producer.
The merger, valued at $8.1 billion inclu…
March 30, 2021 CALGARY, Alberta, March 30, 2021 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) today announced the Company’s financial and operating results for the year ended December 31, 2020. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Financial and Operating Highlights Key … Read more
March 30, 2021 CALGARY, Alberta, March 30, 2021 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX: PPR) announces today that Tony van Winkoop, who currently serves as Chief Executive Officer and a director, has elected to retire from the Company effective May 1, 2021. Mimi Lai, Chief Financial Officer of Prairie … Read more
DUBAI/LONDON/MOSCOW (Reuters) – Saudi Arabia is prepared to support extending oil cuts by OPEC and its allies into June and is also ready to prolong its own voluntary cuts to boost prices amid a new wave of coronavirus lockdowns, a source briefed on the matter said on Monday. After steady oil price gains earlier this … Read more
Mar 30, 2021 (Bloomberg) Oil fell beneath $61 a barrel in New York, hampered by a stronger dollar, as traders weighed risks to the demand recovery ahead of OPEC+’s ministerial meeting this week. West Texas Intermediate slid 1.7%, while the greenback was stronger, making commodities priced in the currency less attractive. Treasury yields also climbed. While fuel consumption … Read more
by Greg McLean Recently, Chevron Canada announced that it has failed to find a buyer for its 50% stake in the Kitimat LNG project, which has been on the market since December 2019. Further, it is ending its funding for the project, leaving Woodside Energy as the sole proponent to find additional partners for this … Read more
CALGARY — Obsidian Energy has ended its hostile takeover attempt for Bonterra Energy Corp.
The company allowed its offer to buy Bonterra to expire on Monday.
Obsidian interim CEO Stephen Loukas said the economic environment has changed substantially s…
The U.S. oil industry could save more than $7 billion in wages by replacing human roughnecks with robots on rigs, according to a report from Rystad Energy. At least two out of every 10 oil workers globally in drilling, operational support and maintenance could be replaced by automation in the field over the next decade, the energy … Read more
By Esteban Duarte Mar 29, 2021 (Bloomberg) Sustainability-linked loans, a type of financing subject to a borrower’s compliance with environmental or socially responsible standards, is set for a boost in Canada as the government and companies move aggressively to reduce greenhouse gas emissions.“You’ll see support for this product in virtually every sector going forward,” said Eric … Read more
Dave Martin, P. Eng. Quantum Technical Services Ltd. St. Albert Canada, [email protected]. Note: ECS is a registered trademark of Western Engineered Containment, and is produced exclusively for WEC by Quantum Chemical Ltd. Introduction: The ability to resist puncture failure from a protruding object in the subgrade is a critical performance parameter for a geomembrane. The … Read more
By Geoffrey Cann A non fungible token or NFT for a digital work of art sold recently for several million in crypto currency, which raises the question of how NFTs might apply to oil and gas. Why We Collect Things I was dusting the mantle over the fireplace this week (because in the lockdown I’m … Read more
CALGARY — Oil and gas producer Whitecap Resources Inc. says “exceptional” operating performance in the first quarter as it completed the takeover of two Calgary rivals is allowing it to increase its 2021 production and cash flow guidance without raisi…
Calgary’s Climate Symposium March 29, 2021 Dear Calgary City Council: I attended the City-sponsored annual Climate Symposium last week that discussed how climate change is impacting Calgary and what innovative solutions could be implemented. These issues are top-of-mind for many, and it’s not the overall topic that I’m concerned about; it’s some of the speakers. … Read more
SHANGHAI (Reuters) – China generated 53% of the world’s total coal-fired power in 2020, nine percentage points more that five years earlier, despite climate pledges and the building of hundreds of renewable energy plants, a global data study showed on Monday.) Although China added a record 71.7 gigawatts (GW) of wind power and 48.2 GW … Read more
Chemtane 2 is an environmentally friendly product developed to meet the global need for a safer, more economical cutting and heating fuel. During the past decade, Chemtane Energy has devoted extensive resources to developing and refining the blending of its chemicals. Chemtane 2 gas is a new generation cutting fuel gas that is more economical, … Read more
Mar 29, 2021 (Bloomberg) Oil rose with traders looking ahead to an OPEC+ meeting this week and as salvage teams partially refloated the giant vessel that has been blocking the Suez Canal for days. West Texas Intermediate erased earlier declines, following volatile trading in recent days. The market’s focus remains on the demand impact of renewed coronavirus … Read more
By Vista Projects In our last article, we looked at how the project execution plan (PEP) has evolved with the advancement of new digital tools. In this article, we’re going to review a fabrication strategy that has proven to be an effective way to shorten project schedules. We’ll explain how we used to do it … Read more
© Rocsol Technologies Inc. Do you understand the geomechanical properties of your reservoir and how they will affect the effectiveness of your fracture stimulation and overall production rates? The Rocsol D-Series logging technology uses routinely collected surface drilling data to calculate the geomechanical properties using two modules, D-WOB and D-ROCK. There are No downhole tools. … Read more
Having a healthy cash flow can lead to some great benefits for a company. Here are five: The ability to bid and take on more business or contracts Meeting Accounts Payable obligations and maintaining positive supplier relationships. Taking advantage of supplier discounts Meeting large mobilization and start-up project costs like payroll and supply expenses Alleviating … Read more
Steelworks Inc. in Edmonton, Alberta offers steel fabrication, manufacturing, and field services across a variety of industrial sectors. When Neumann Marking Solutions’s Andrew Koziol visited Piotr and Jordan of Altaland Steelworks, they discussed the labeling problem they were experiencing. The steel parts that are manufactured at their location require painting and engineering specifications attached to each … Read more
In the oil and gas industry, the flow of liquids and gases must be measured during every phase of exploration, production and transportation. Upstream operations span offshore and onshore activities, including well testing, enhanced oil recovery, fractionation, completion, and separation to recover and prepare crude oil and natural gas. These applications demand the highest flow … Read more
GEMINI INTERVIEW SERIES | EPISODE 03 Gemini Fabrication has released the second episode in our mini-interview series. Come with us as we take you on a journey to meet some of the leaders and industry experts who help make Gemini Fabrication the #1 Fabricator in Western Canada. Find out from the inside why Gemini has continually … Read more
CFR Chemicals rail facility in Kuusamo Alberta is on both CN and CP rail lines. It has 130 rail car capacity and can handle chemicals, sand, pipe cars and most other products that arrive by rail or truck. Internal rail switching ability with CFR track mobile reduces reliance on the railroad. It has both tank … Read more
Proposed pad footprint superimposed on bare earth LiDAR, including facilities layout. When choosing a site or planning a route, there are so many things to consider. Difficult slopes or uneven terrain, watercourse crossings, landowner and stakeholder concerns, sensitive environmental areas… the earlier these can be understood and addressed the better. Challenger Geomatics has developed innovative … Read more
Q&A with Gary Mar, CEO of the Canada West Foundation By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Gary Mar, CEO of the Canada West Foundation. Photo for the Canadian Energy Centre U.S. demand for Canadian oil continues to grow, building on a rich history of cross-border … Read more
Canada’s drilling rig count is down 11 active drilling rigs according to data collected by Baker Hughes for the week ending March 26, 2021. From one week ago, Alberta rig counts decreased 8 to 60 and the Saskatchewan rig counts decreased 5 to 3. Oil drilling decreased 10 to 31 and gas decreased 1 to … Read more
(Bloomberg) New Mexico, home to the most prized portion of the Permian Basin shale formation, became the latest state to impose stricter rules to combat the flaring and venting of natural gas.The three-member New Mexico Oil Conservation Commission voted unanimously on Thursday for rules that are set to go into effect as early as May. Oil … Read more
Mar 28, 2021 (Bloomberg)Tucked between the Gulf of Oman and a craggy mountain range, the dusty port Fujairah isn’t an obvious base from which to try and revolutionize the Middle East’s oil markets.But on Monday, when Abu Dhabi begins selling futures contracts for its oil and then shipping the barrels from Fujairah, it will mark … Read more
Alberta Energy Regulator (AER) Shut Down of Mojek Resources Inc., A Black Owned Oil and Gas Company lacks Due Process. Mojek was issued an Abandonment Order AD 2021-004 during a meeting with AER representatives led by the Director of Enforcement & Emergency Management, Mr. Blair Reilly on the 16th of March 2021. The meeting was … Read more
EDMONTON — The director of a children’s movie about Bigfoot wants to thank the Alberta government’s energy centre for starting a “ludicrous” fight over the film.
Ben Stassen laughed several times as he told The Canadian Press that the animated “Bigfoo…
Of the top 10 suppliers of foreign oil to the U.S. over nearly three decades, only Canada was considered a ‘Free’ nation By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A line of oil tankers transporting fuel to the refineries located along the Mississippi River … Read more
Canada is the only ‘Free’ country on the list of top U.S. oil suppliers By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Large oil refinery complex in Los Angeles, California. Getty Images photo Imagine you’re in Germany and wonder if it’s a good idea to rely so heavily on natural … Read more
Maturity dates of both credit facility and senior notes extended to November 2022 Calgary, Alberta–(Newsfile Corp. – March 26, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce that the Company has executed amending agreements to extend both our syndicated credit facility and senior … Read more
Faltering demand isn’t the only reason crude markets have been unmoved by the Suez blockage. The waterway just isn’t what it once was for oil tankers. By Julian Lee March 25, 2021 We’re probably looking now at the longest ever accidental closure of the Suez Canal, the vital trade link from the Middle East and Asia to … Read more
EDMONTON — Alberta Premier Jason Kenney says his government didn’t prepare a fallback plan on implementing a consumer carbon tax because they were hoping to win in the country’s top court.
Kenney said the province was buoyed by a lower court win in Al…
(Reuters) – U.S. energy firms added oil and natural gas rigs this week, with the total count rising for an eighth month and a second quarter in a row as higher oil prices prompt drillers back to the wellpad. The oil and gas rig count, an early indicator of future output, rose six to 417 … Read more
CALGARY — In a sign of changing times in the oilpatch, the head of the group representing contract drilling companies in Canada says it is exploring a change to the name adopted when it was founded in 1949.
CEO Mark Scholz says members were surveyed e…
From LNG CANADA At LNG Canada, we’re committed to protecting the environment in which we operate. That means looking after both land and sea, and relying on local knowledge, cutting-edge technologies and innovation. We’re proud to be working with local First Nations and companies who know the B.C. coast better than anyone. And we’re very excited … Read more
Mar 26, 2021 (Bloomberg) Oil resumed gains, mirroring sentiment in broader markets, after a volatile few days that that saw prices swing wildly around $60 a barrel.Futures in New York climbed 2.2% with a gauge of market volatility at its highest since November. The Suez Canal blockage is rumbling on, but its impact on headline … Read more
Mar 25, 2021 (Bloomberg) China’s fear of dependence on foreign suppliers means its biggest oil company plans to be the world’s top-spending driller this year, even as it says the nation’s demand for crude is plateauing.PetroChina Co. plans 239 billion yuan ($37 billion) in annual capital expenditure, the company said Thursday in its annual results. That’s … Read more
Mar 25, 2021 (Bloomberg) Saskatchewan’s top politician wants the Canadian government to give it funds for its plan to reduce emissions, after the province was on the losing side of a court challenge to Prime Minister Justin Trudeau’s carbon tax.Canada’s Supreme Court ruled Thursday that the tax is constitutional, swatting aside the legal arguments of some provinces including … Read more
March 25, 2021 20:33 ET | Source: Parkland Corporation NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, March 25, 2021 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) is pleased to announce an amended syndicated senior secured credit facility agreement (the “Agreement”) and the establishment … Read more
Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 27 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read more
LONDON (Reuters) – The transition towards green energy imperils oil-producing states that have lagged in diversifying their economies, United Kingdom-based risk consultancy Verisk Maplecroft warned in a report on Thursday. “Algeria, Iraq and Nigeria will be among the first casualties of a slow-motion wave of political instability that will engulf an array of oil producing … Read more
Premier Jason Kenney issued the following statement on the Supreme Court of Canada’s ruling that the federal government’s carbon tax is constitutional: On this page: Multimedia “A strong majority of Albertans elected this government because of our commitment to repeal the previous government’s carbon tax. “We kept that commitment with our first law, the Carbon Tax … Read more
CALGARY — The Supreme Court of Canada’s ruling that the federal carbon price is constitutional raises questions about Canada’s ongoing ability to compete with other energy producers around the world, an oil and gas expert said Thursday.
The ruling rep…
TSX: TVE CALGARY, AB, March 25, 2021 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce the closing of the two previously announced strategic acquisitions (together, the “Acquisitions“) in the Provost and Nipisi areas of Alberta for a total net purchase price of $135.3 million, after deducting the proceeds from the sale of two newly created 4.0% … Read more
Safe, Reliable Operations Maintained During Unprecedented Global Pandemic March 25, 2021 07:30 ET | Source: Pieridae Energy Limited NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES Key Highlights: Production increased year over year from 22,397 barrels of oil equivalent per day (“boe/d”) in 2019 to 42,000 boe/d in 2020, an increase … Read more
March 25, 2021 18:22 ET | Source: Prairie Provident Resources Inc. CALGARY, Alberta, March 25, 2021 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the three months and year ended December 31, 2020. PPR’s audited consolidated financial statements and related Management’s Discussion and … Read more
EDMONTON — Alberta Premier Jason Kenney says he is disappointed with the Supreme Court of Canada ruling that the federal government has the right to levy a carbon tax on provinces.
Kenney says his government will now consider its options, but the gui…
REGINA — Saskatchewan Premier Scott Moe says his government will seek to bring in a carbon pricing plan for fuel like New Brunswick.He says he hopes this will replace the federal government’s carbon price, which the Supreme Court of Canada ruled today…
CALGARY, AB, March 25, 2021 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce it has successfully completed its previously announced strategic $106 million asset sale (the “Sale”), and finalized a positive re-determination of the Company’s credit facilities. ACCRETIVE ASSET SALE COMPLETED VIEW PDF PDF (CNW Group/Surge Energy Inc.) Surge has now closed its … Read more
OTTAWA — The Supreme Court of Canada ruled Thursday the federal carbon price is entirely constitutional. Here’s a quick look at some of the reaction to the decision:
“We welcome the Supreme Court’s ruling, but Canadians are still worried about the cli…
Mar 25, 2021 (Bloomberg) Oil retreated as traders monitored efforts to dislodge a massive ship blocking the Suez Canal, after two wild days that saw prices whipsaw around 6% in both directions.Futures in New York slid 3%, the latest sizable move this week. Work to re-float the container ship that’s stuck in the canal — a key trade … Read more
Mar 25, 2021 (Bloomberg) The flip side of the stampede into sustainable investments in recent years is that companies with the greatest need to decarbonize are increasingly starved of funding.Lack of finance is the biggest impediment to pivoting the global economy to net-zero emissions, according to a report from Standard Chartered Plc based on a survey … Read more
CALGARY, AB, March 24, 2021 /CNW/ – The Clean Resource Innovation Network (CRIN) announces $80 CAD million for three large-scale technology competitions that will create positive environmental improvements for Canada’s oil and natural gas industry and end users. Through the Government of Canada’s $100 million commitment from the Strategic Innovation Fund, CRIN’s three competitions will accelerate solutions to commercialization and wide-spread adoption to increase competitiveness … Read more
Scovan hosts 3rd Annual International Women’s Day Forum. Thank you for making our event a success! We are overwhelmed with the positive feedback we received from our audience members. We are honored to host such inspiring speakers who made a meaningful impact by sharing their stories. For those of you who missed the event on … Read more
By: Andy Saunders-Tack and Mel Larson Asian Downstream Insights Exclusive Interview with Andy Saunders-Tack, Director, Asia-Pacific and Mel Larson, Strategic Consulting Manager at Becht The coup in Myanmar may be pivotal for the energy markets. The building of a pipeline through Myanmar allows both crude and product to shortcut the shipping lanes of the Malacca … Read more
The DK-LOK V15 Needle Valve features hard chrome-plated stem threads that assure extended service life with metal-to-metal Vee & Regulating stems for elevated temperatures. The packing nut allows external adjustments of packing and the panel nut allows panel installation. Features: Repetitive soft seat for gas, leak-tight with reliable DK-LOK® Tube Fitting Ends and NPT & ISO … Read more
Did You Know? Since 2019, Fisheries and Oceans Canada (DFO) has been working hard to interpret and apply the various changes made by the Government of Canada, to the federal Fisheries Act. Prior to 2019, typically only direct impacts to fish and fish habitat were considered during the federal review process, which lead to many … Read more
The International Energy Agency (IEA) just dropped its Oil 2021 report. It’s an annual opportunity for the IEA to reevaluate their forecasts on oil supply and demand. In this Report World oil markets are rebalancing after the Covid 19 crisis spurred an unprecedented collapse in demand in 2020, but they may never return to “normal”. Oil … Read more
Quebec’s environmental review board says the risks associated with LNG Quebec’s proposed Saguenay gas terminal project far outweigh its benefits.
The $10-billion project would liquefy natural gas transported by pipeline from Western Canada, then expo…
(Reuters) – Activity and spending in U.S. oil fields is soaring this year as the industry recovers from last year’s pandemic-driven oil price crash, according to cautiously optimistic energy company executives polled by the Federal Reserve Bank of Dallas in a survey released on Wednesday. While improved oil prices have boosted expectations for 2021, executives … Read more
Mar 24, 2021 (Bloomberg) More than a dozen Republican-led states sued the Biden administration over a climate change initiative they claim would effectively ban oil and gas leases on federal land.President Joe Biden’s Jan. 27 executive order entitled Tackling the Climate Crisis at Home and Abroad violates federal law by sidestepping honest debate on whether the … Read more
March 23, 2021 – TheNewswire – Calgary, AB – Canada’s oil and gas industry workforce can expect to see some further contraction in 2021 but modest employment growth will follow over 2022 and 2023, says a labour market outlook released today by the PetroLMI Division of Energy Safety Canada. According to the forecast, the industry’s … Read more
DENVER, March 24, 2021 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced the signing of an agreement to sell its Eagle Ford assets to Validus Energy for $880 million. With this sale, the Company has exceeded its divesture target and, with other items, now anticipates year-end 2021 debt to be below $5 billion using its 2021 planning price deck of $50 WTI … Read more
LONDON (Reuters) – With oil prices making steady gains earlier this year, OPEC and other producers had hoped to ease output cuts, but industry sources say a fresh wave of lockdowns around the world threatens to tear up those plans. The OPEC+ group of producers, which are holding back millions of barrels of daily supply, … Read more
CALGARY — Canada’s oil and gas workforce is expected to shrink by almost 7,300 jobs this year thanks to layoffs linked to corporate mergers and cost cutting, according to an energy industry labour data firm, before staging a modest rebound over the fo…
Totem Training Program kindles interest into opportunity for Aboriginal workers in the skilled trades By Shawn Logan CMR Fabricators Ltd. CEO Jon Rivard (right) has started a training and mentorship program for young Indigenous employees to gain real-world experience. Pressure welder Donovan Doll works as Rivard watches his progress at the company’s facility in Penhold, Alberta. … Read more
(Reuters) – U.S. energy companies are organizing employee vaccinations as more COVID-19 doses become available, officials and employees told Reuters, setting up on-site clinics or offering time off to workers to get the shot. The drive comes as the United States ramps up shipments, with 164.3 million doses sent since rollouts began, and as more … Read more
Mar 24, 2021 (Bloomberg) Oil pared gains on expectations that a blockage in the Suez Canal will soon be cleared.Futures in New York traded up 2.2%, after earlier climbing as much as 3.4%. Port agent GAC said the Suez Canal Authority is close to refloating a ship that ran aground on Tuesday, easing concern that vessel traffic could remain gridlocked … Read more
CALGARY, Alberta (Reuters) – Canada’s biggest oil-producing province Alberta is expected to see the fastest growth in renewable energy capacity between 2018 and 2023, the Canada Energy Regulator forecast in a Tuesday report, as new wind and solar projects help replace coal-fired electricity. By 2023, 26% of Alberta’s electricity capacity will come from renewable sources, … Read more
TORONTO (Reuters) – Mergers and acquisitions in Canada’s oil and gas sector had a record start to the year in 2021 as companies took advantage of improved oil price expectations amid the pandemic recovery, and many industry participants expect the trend to continue. The flurry of deals underscores the Canadian energy sector’s desire to grow … Read more
Mar 23, 2021 (Bloomberg) The U.S. fossil fuels industry is still churning out emissions, but it’s talking more than ever about what to do about them.That, at least, is the conclusion of a Bloomberg analysis of conference calls involving the nation’s oil and gas behemoths, including Exxon Mobil Corp., Chevron Corp. and Kinder Morgan Inc. A … Read more
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Once a year, XI Technologies reaches into the public data stored in … Read more
Keith Hirsche, Founder and President of RenuWell Energy Solutions discusses turning inactive wells into solar energy projects, breaking down the barriers between oil & gas and renewable energy projects and the opportunity Alberta has in solar energy. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com
Epscan’s unique approach to the chemical injection market has put us above the competition. We have the largest diversity of chemical injection pump options in the industry and offer training for customer personnel. All aspects of builds from conception to finished product are reviewed by Epscan Specialists and tested before leaving our facilities. As experts … Read more
Global Precision Ball & Roller has opened a warehouse in the Houston area to better service the growing demand for its products. This warehouse offers same day delivery throughout the Houston area. At the moment it is focused on the stacked bearing at the end of the drill string but the focus can easily change … Read more
What Separates Geospatial Leaders From the Rest With Matthew Lewin, Director of Management Consulting at Esri™ Canada Tuesday April 6, 2021 | 2:00pm – 3:00pm CDT Today’s successful energy leaders know that GIS is not just about making maps. It’s about harnessing location intelligence to drive more informed strategic and operational decisions. Are you leveraging … Read more
Today’s water transfer operations are becoming more challenging and demanding every day. Extreme conditions, increased re-use of produced water, and the evolution of higher volumes creates an inherently complex water transfer environment. Combining these challenges with the desire to reduce both costs and environmental impact makes it essential for companies to find efficiencies to reduce … Read more
CALGARY — A partner in an Alberta carbon capture and storage project that recently celebrated storing its one millionth tonne of CO2 says it has an agreement with a northwestern Alberta chemical plant developer that could result in building a second l…
CALGARY — A partner in a project designed to allow more oilsands bitumen to be shipped by rail from Canada to the U.S. says the US$25-billion merger of Canadian Pacific Railway Ltd. and U.S. rival Kansas City Southern promises to provide additional be…
Revenue of $37.3 million and Adjusted EBITDA of $5.6 million for the fourth quarter of 2020. Revenue of $136.1 million and Adjusted EBITDA of $24.5 million for the year ending December 31, 2020. SHERWOOD PARK, AB, March 22, 2021 /CNW/ – (TSXV: VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the fourth quarter and year ending December 31, 2020. … Read more
Mar 23, 2021 (Bloomberg) Oil fell in London on concerns about the demand outlook and as the futures curve flipped into a structure indicating near-term weakness.Brent futures slumped 3.4%. The nearest contract traded at a discount to the next one for the first time since January — a pattern known as contango that indicates oversupply — … Read more
By Colin McKerracher Mar 23, 2021 (Bloomberg) At the beginning of each year at BloombergNEF — Bloomberg’s clean energy and transport research group — my team and I do a comprehensive update of all our data sets, tracking how the move to electric vehicles is shaping up around the world. We’ve been doing this for over a decade … Read more
March 23, 2021 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, March 23, 2021 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” announced today that … Read more
CALGARY — The Alberta Energy Regulator says an oil and gas company under court protection from creditors is reporting the leak of an estimated 100,000 litres of oilfield liquids from a pipeline in northern Alberta.
The provincial regulator says it is …
https://www.youtube.com/watch?v=T_Y3rhwXruc Zachry Integrity Engineering Ltd is a Canadian owned engineering and consulting firm based in Calgary, Alberta. Since 1988, we have been providing professional engineering and management services to our clients in Canada and around the globe. We take pride in offering complete project solutions to our partners in the energy, mining, and forest industries. … Read more
Much has been said recently about reaching net-zero targets and minimizing our carbon footprint. In December 2020, the Canadian government released the Hydrogen Strategy for Canada, which lays out a detailed framework for actions that will utilize hydrogen as a tool to achieve our goal of net-zero emissions by 2050. A key factor in achieving … Read more
A wise man once said, “A penny saved is a penny earned.” However, in the case of maintaining large capital assets, such as facilities, plant equipment or mobile assets, spending money on maintenance automation specifically can result in significant savings, over time. Consider these points: The cost of repairing equipment damage or failure due to … Read more
CALGARY — The merger of Canadian Pacific Railway Ltd. and Kansas City Southern promises improved service for Canadian shippers, but the impact on crude-by-rail volumes will be muted, observers said Monday.
The US$25-billion takeover deal announced Sun…
from the Canadian Energy News Network The divestment movement has begun to take hold in post-secondary institutions across the country. The main goal of the divestment movement is to try and lockout funding for oil and gas projects. While it has not been as large as what is being seen in the United States, many … Read more
By Geoffrey Cann Companies working in the energy sector are, or soon will be, on their own self-defined pathways to achieve carbon zero or carbon neutral business profiles. What does this even mean? Roadmap to Carbon Zero I’m on a panel discussion this week, sponsored by Anaplan, to discuss pathways to zero carbon for energy companies. … Read more
LONDON (Reuters) – OPEC+ compliance with oil production cuts in February rose to 113%, two OPEC+ sources from the producer group told Reuters on Monday. The figure compares with a January compliance figure of 103%. Compliance from members of the Organization of the Petroleum Exporting Countries reached 124%, a figure which includes the additional voluntary … Read more
CALGARY, AB, March 22, 2021 /PRNewswire/ – Teine Energy Ltd. (“Teine“) announced today that it is planning to commence, subject to market and other conditions, a private offering (the “offering“) of US$400 million in aggregate principal amount of senior unsecured notes due 2029 (the “notes“). Teine intends to use the net proceeds from this offering, if completed, to redeem … Read more
Mar 21, 2021 (Bloomberg) Saudi Aramco plans to “expand and intensify” cooperation with China on research in areas including hydrogen and ammonia production from natural gas, according to Chief Executive Officer Amin Nasser.Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage, Nasser said at … Read more
Mar 21, 2021 (Bloomberg) Oil just experienced its biggest one-day price slump in more than six months, but it hasn’t veered off the road to recovery. Even as problems with Europe’s vaccine program and a slowdown in Chinese crude buying sent futures down 7% on Thursday, data from around the world showed a steady, albeit patchy, recovery … Read more
Mar 22, 2021 (Bloomberg) Oil was steady as investors assessed the near-term demand outlook after prices fell the most since October last week.Brent futures rose 0.2% on Monday after falling 6.8% last week. Demand is showing some signs of weakness with the number of unsold April-loading oil cargoes from West Africa piling up. In Europe, new … Read more
Mar 21, 2021 (Bloomberg) —Canadian Pacific Railway Ltd. agreed to buy Kansas City Southern for $25 billion, seeking to create a 20,000-mile rail network linking the U.S., Mexico and Canada in the first year of those nations’ new trade alliance. The transaction creates the only network that cuts through all three North American countries, giving … Read more
WASHINGTON — North America’s polarizing pipeline battles have seen many venues — from the Prime Minister’s Office and the U.S. State Department to the windswept plains of Nebraska and Minnesota to judge’s chambers on both sides of the Canada-U.S. bord…
With Shutdown Season quickly approaching, Olympus invites you to attend Energy Innovation Week, which will consist of a series of virtual sessions featuring industry experts. At each session we will be conducting a raffle. Please reserve your seats now by clicking on each session’s link provided below! March 22 11 AM EST – Corrosion demo … Read more
Read more about these AI-Models and the benefits they provide
Report misses the facts about environmental performance of Canada’s oil sands By Deborah Jaremko Construction on the Line 3 Replacement Project. Photo courtesy of Enbridge A new report from CNN about opposition to the Line 3 pipeline replacement project contains errors and misleading information about Canadian oil, the energy relationship between Canada and the U.S., and the construction … Read more
Improving your operations and upgrading your plant or refinery will take you one step further into Industry 4.0. However, implementing technology and solutions can be a challenge if you don’t know where to start. Westech Industrial’s partner, SICK Ltd is hosting a FREE Webinar on their Flow measurement and their metering systems expert will provide … Read more
March 19 (Reuters) – U.S. energy firms added the most oil and natural gas rigs in a week since January even as oil prices this week pulled back from a recent 28-month high. The oil and gas rig count, an early indicator of future output, rose nine to 411 in the week to March 19, … Read more
Canada’s drilling rig count is down 24 active drilling rigs according to data collected by Baker Hughes for the week ending March 19, 2021. From one week ago, Alberta rig counts decreased 12 to 68 and the Saskatchewan rig counts decreased 8 to 8. Oil drilling decreased 17 to 41 and gas decreased 7 to … Read more
Fewer Jobs The higher carbon tax will lead to a 0.8% reduction in employment, which is just over 184,000 jobs nationally. Ontario and Alberta experience the largest percentage decline in jobs, with Quebec and B.C. close behind. Decline in GDP The government claims that the higher carbon tax will have “almost zero” impact on GDP. … Read more
Dear Ms. Fonda, I’m writing today to ask you to accept Stephen Buffalo’s invitation to have an honest and forthright discussion about Canadian oil and gas. Stephen is the President and CEO of the Indian Resource Council of Canada, and a tireless advocate for First Nations people. Canadians are your neighbours, allies, business partners … Read more
Posted on March 21, 2021 by Blair This fall the Canadian government hopes to get a single-use plastics ban enacted with a plan to get to zero-plastic waste by 2030. To enact this ban, on October 10, 2020 the Canadian government recommended to the Governor in Council that “plastic manufactured items” be added to Schedule 1 (i.e. the List … Read more
CALGARY — Chevron Canada Ltd. says it will stop funding further feasibility work on its proposed Kitimat LNG project on B.C.’s north cost.The company holds a 50 per cent stake in the project in a joint venture with Australia’s Woodside Petroleum Ltd.C…
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
CALGARY — Imperial Oil Ltd.. is recommending investors attending its annual meeting in May vote against a shareholder resolution that it adopt a corporate wide target to achieve net-zero carbon emissions by 2050.
The motion, made by Aequo Shareholder …
Netflix children’s film unfairly and inaccurately portrays one of Canada’s most important industries By CEC Staff Canadian Energy Centre director of CEO Tom Olsen was on the Mike Smyth show as part of a panel to discuss the Netflix children’s film Bigfoot Family. The animated movie, which was number one in Canada and the U.S. … Read more
Wind and solar power are the main focus in the fight against climate change, but there are sources of greenhouse gases they can’t clean up. Manufacturing steel, cement and chemicals has traditionally required fossil fuels, either to burn to create the extreme temperatures needed, or as raw materials and catalysts for chemical reactions. That’s why … Read more
From Resource Works Mayors’ assembly debating the proposal pondered environmental, social and economic aspects before landing on its decision. A carefully reasoned argument by Port Coquitlam Mayor Brad West led to the region-wide governance board rejecting a measure that is designed to eradicate entire sections of the economy in the name of helping the environment. … Read more
View Full Infographic HERE With wealth derived from its oil industry, Norway can afford policies to reduce its emissions. Of Norway’s $109 billion total exports in 2019, its two leading exports were from crude petroleum and petroleum gas at $29.6 billion and $23 billion, respectively. Norway’s government has adopted the goal of reducing greenhouse gas … Read more
From Energyminute: Visit their website: HERE As oil prices collapsed during the pandemic, oil and gas companies looked to merge and consolidate to lower costs. Consolidation spreads fixed costs across more barrels thus reducing the average cost of production. In terms of dollars spent, there was roughly 4x as much spent on consolidation in the … Read more
BERLIN (Reuters) – Germany’s Greens have enshrined in their election programme plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe’s biggest economy, creating a hurdle to a potential alliance with the conservatives. Chancellor Angela Merkel’s conservatives, who have backed the Nord Stream 2 pipeline opposed by the United States, … Read more
Mar 19, 2021 (Bloomberg) Oil, one of the most-favored reflation trades, just took a heavy beating. Prices headed for the biggest weekly slump since October after a sell-off driven by inflation concerns and a cooling physical market.Futures in New York clawed back some of the losses on Friday, but the recovery was muted given Thursday’s 7.1% … Read more
(Reuters) – Texas and several other U.S. states have sued the administration of President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline, Texas Attorney General Ken Paxton said in a statement late on Wednesday. The lawsuit states that Biden does not have the unilateral authority to change energy … Read more
CALGARY, AB, March 18, 2021 /CNW/ – Spartan Delta Corp. (“Spartan“) (TSXV: SDE) is pleased to announce the closing of its previously announced strategic acquisitions (the “Acquisitions“), including the corporate acquisition of Inception Exploration Ltd. (“Inception“), a Montney focused arm’s length private company with operations in the Gold Creek area of north-west Alberta (the “Inception Acquisition“), and the purchase of assets located primarily in … Read more
The Canadian Press March 18, 2021 Suncor Energy Inc. says it is investing in carbon capture technology company Svante Inc. as it looks for ways to reduce or offset greenhouse gas emissions from its extensive oil and gas operations. Suncor CEO Mark Little says its investment in Vancouver-based Svante will support the commercialization of a … Read more
Ian Anderson: The Chapters of Trans Mountain WATCH: In a session hosted by the Edmonton Chamber of Commerce, Ian Anderson, President and CEO of Trans Mountain Corporation, tells the story of the Trans Mountain Pipeline and Expansion Project, and why it’s so important to all Canadians. Ian reflects on the lessons learned over the past ten years, discuss … Read more
CALGARY — Topaz Energy Corp. is raising its 2021 guidance to recognize recent acquisitions and signalling its intent to continue to be a buyer following its $250-million initial public offering in October.
The Calgary-based company says it expects ave…
CALGARY, AB, March 18, 2021 /CNW/ – Pan Orient Energy Corp. (“Pan Orient”) (TSXV: POE) reports 2020 year-end and fourth quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated, BOPD refers to barrels of oil per day and BOPD for Thailand operations represents volumes net to Pan Orient’s 50.01% equity interest in … Read more
Mar 18, 2021 (Bloomberg) Oil declined in New York and is set to extend its stretch of daily losses to the longest in over a year as inflation concerns rattled broader sentiment and physical markets in Asia cooled.West Texas Intermediate tumbled as much as 4.2% on Thursday. The dollar rose and U.S. equities declined as inflation … Read more
CALGARY, AB, March 17, 2021 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce financial results for the three months and year ended December 31, 2020. Despite the challenging backdrop of COVID-19, Topaz achieved the strategic objectives it established for 2020 demonstrating the resiliency of its business model. During 2020, Topaz established an … Read more
By David Yager March 16, 2021 Aggressive climate crusaders advocating for the immediate replacement of fossil fuels rarely tell this part of the story. That fossil fuels are the primary reason why 7.8 billion people can live longer and better in the 21st century. Fewer suffer from malnutrition and starvation every year, a trend that … Read more
CALGARY — A company investigating the use of radio frequency energy as a cleaner and cheaper way to produce bitumen from the oilsands says it has the financial means to proceed with a commercial pilot project.
A recent commitment of $5 million from Al…
TORONTO — If you’ve noticed gas prices on the rise, you aren’t alone: Statistics Canada says gasoline prices rose 6.5 per cent in February compared with January, marking the third month in a row of climbing prices at the pump.
Douglas Porter, chief ec…
CALGARY, AB, March 17, 2021 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announces today the planned retirement of Vice President Finance and Chief Financial Officer (“CFO”) Mark Schweitzer. Mr. Schweitzer joined the Company in January 2017 and will remain in his existing capacity until the spring of 2021. “We thank Mark for his exceptional leadership and … Read more
LAVAL, Que. — Alimentation Couche-Tard Inc. says its third-quarter revenues dropped nearly 21 per cent as fuel volumes plunged 20 per cent in North America during COVID-19.
The Quebec-based convenience store operator says revenues decreased to US$13.1…
March 17, 2021 | Source: Distinction Energy Corp. CALGARY, Alberta, March 17, 2021 (GLOBE NEWSWIRE) — Distinction Energy Corp. (“Distinction” or the “Company”) announces that it has filed its annual financial statements and related management’s discussion and analysis for the three and twelve months ended December 31, 2020 with the Canadian securities regulatory authorities on SEDAR. About Distinction Energy Corp. Distinction Energy … Read more
CALGARY — The Alberta Energy Regulator says it is directing the Orphan Well Association and working interest partners of Mojek Resources Inc. to take over its wells and facilities after the company failed to clean up multiple spills and comply with mu…
CALGARY, Alberta (Reuters) – Enbridge Inc asked the Canadian government on Tuesday to champion its Line 5 oil pipeline in a legal battle with the state of Michigan, which is trying to shut down the pipeline over concerns it could leak into the Great Lakes. Calgary-based Enbridge is also asking Ottawa to provide support for … Read more
SURREY, B.C. — Natural gas supplier FortisBC says prices won’t change for at least another three months, but other charges such as the provincial carbon tax still have the potential to increase the customer’s bill.
A statement from FortisBC Energy In…
Despite calls for change, Liberals still hold four-point advantage over opposition Conservatives March 17, 2021 – At a time when a 2021 election seems likely, and as CPC leader Erin O’Toole continues his so far unsuccessful attempt to break through with the electorate, Conservatives will gather this week for their party’s policy convention. They will do … Read more
Mar 17, 2021 (Bloomberg) Oil erased gains as the International Energy Agency said talk of an upcoming supply shortfall could be misleading.Futures in New York declined 0.2%, giving up earlier gains of as much as 0.8%. OPEC and its partners could quickly deploy their stalled production spare capacity to quash oil price rallies, the IEA said … Read more
Mar 17, 2021 (Bloomberg) Global oil demand won’t return to pre-pandemic levels until 2023, and growth will be subdued thereafter amid new working habits and a shift away from fossil fuels, the International Energy Agency said.Fuel consumption will average just over 101 million barrels a day in 2023, fully recouping the 9 million a day lost … Read more
Mar 16, 2021 (Bloomberg) Prime Minister Justin Trudeau’s government is worried that a recently amended electricity law in Mexico will harm Canadian investments in the country’s clean energy sector. Mexico’s legislature has recently passed a bill proposed by nationalist President Andres Manuel Lopez Obrador to strengthen state power company Comision Federal de Electricidad, or CFE, at the expense … Read more
LONDON (Reuters) – Oil prices are unlikely to mount a dramatic and sustained surge despite vaccines expected to boost demand later this year, the International Energy Agency (IEA) said on Wednesday, with the world still awash in oil. “Oil’s sharp rally to near $70 a barrel has spurred talk of a new supercycle and a … Read more
March 17, 2021 | Source: InPlay Oil Corp. CALGARY, Alberta, March 17, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and twelve months ended December 31, 2020, and the results of its independent oil and gas reserves evaluation effective December … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. 2021 is shaping up to be a year of aggressive mergers and acquisitions. … Read more
Jason Courtepatte, President of Kite Ag Systems discusses vertical farming, utilizing electrical skills in agriculture and sustainability in food production. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com
With the energy sectors ever changing metrics, your business demands more. We provide expertise in the management and operation of Crude-By-Rail terminals, and have for many years. Since 1981, Railserve has served the North American energy sector with safe and efficient rail centric services. Railserve is a leading provider of on-site rail services, including third … Read more
Oplii is a proudly Canadian company leading the way in operations management software for O&G. The Oplii enterprise platform is powerful and easy to use, and includes integrated solutions for the management of assets, asset integrity, maintenance, HSE, MOC, NCR and more – with industry-leading proprietary mobile tools that truly connect the office and the … Read more
By Clyde Russell LAUNCESTON, Australia (Reuters) – India’s obvious displeasure with restrictions on output imposed by OPEC and its allies, and its aim to diversify crude oil suppliers, may run into the harsh realities of the global market. The world’s third-biggest oil importer and consumer has told state-owned refiners to speed up the diversification of … Read more
EDMONTON — Alberta’s energy minister is defending her government’s attack on a children’s movie about Bigfoot, calling its anti-oil message inaccurate and “quite offensive.”
Sonya Savage also says it’s critical to push back constantly against any fals…
March 16, 2021| Source: Leucrotta Exploration Inc. THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, March 16, 2021 (GLOBE NEWSWIRE) — Leucrotta Exploration Inc. (the “Company” or “Leucrotta”) (TSX-V: LXE) is pleased to announce that, further … Read more
WASHINGTON — The latest pipeline dispute between Canada and the United States is back on the agenda in Ottawa.
Enbridge vice-president Vern Yu is scheduled to appear Tuesday before a special House of Commons committee exploring Canada-U.S. ties.
Enb…
Mar 15, 2021 (Bloomberg) Hydrogen projects heralded as a clean energy answer to the globe’s industrial and transport needs will need to demonstrate to lenders they can generate more certain returns, in order to attract the required $230 billion in financing this decade, according to French investment bank Natixis SA.In the global fight against climate change … Read more
March 16, 2021 | Source: Alberta Indigenous Opportunities Corporation CALGARY, Alberta, March 16, 2021 (GLOBE NEWSWIRE) — The Alberta Indigenous Opportunities Corporation (AIOC) is pleased to welcome Amber-Dawn Boudreau to its executive team in the role of Vice President, Engagement effective immediately. Amber most recently worked at CIBC, as Senior Manager on their Commercial Banking, Indigenous … Read more
March 15, 2021 photo-release Leucrotta Land Map Leucrotta Land Map THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, March 15, 2021 (GLOBE NEWSWIRE) — Leucrotta Exploration Inc. (“Leucrotta” or the “Company”) (TSXV – LXE) is pleased … Read more
March 15, 2021 | Source: Marksmen Energy CALGARY, Alberta, March 15, 2021 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSXV: MAH) (OTCQB: MKSEF) is pleased to announce the following: Portage County, Ohio – Marksmen has a Joint Operating Agreement with PEP Drilling LLC (“PEP”) of Ohio, to recomplete up to 40 Clinton Sandstone formation wells … Read more
This article introduces and contains a brief overview of the history of hydrogen, describes pros and cons of hydrogen, and discusses factors for bringing hydrogen to the market in Canada and world-wide. It also provides a link to an educational forum you can join to share your thoughts about hydrogen. Introduction Hydrogen is proposed as … Read more
Mar 16, 2021 (Bloomberg) Saudi Arabia will play its part in the global fight against climate change by pushing new technologies and ramping up its solar power capacity, the kingdom’s energy minister said.Lawmakers and industry executives from around the world have gathered virtually for the government-backed German Energy Transition Dialogue 2021. While the Saudis are promoting … Read more
Mar 16, 2021 (Bloomberg) Oil retreated for a third day to trade below $65 a barrel, as the market awaits signs of further recovery in consumption.West Texas Intermediate fell 1.5%, with futures consolidating after a run that’s seen them rise about 30% so far this year. On Monday, WTI’s nearest timespread slipped into a bearish contango … Read more
In today’s competitive oil and gas environment, it’s no longer enough to limit acquisition & divesture targets to publicly available opportunities. This is an environment of aggressive mergers and unlisted opportunities. To find the best deals and assets, producers need to be proactive in their A&D scoping. To succeed in A&D you need access to data not found in a listing … Read more
March 15, 2021 Cody Battershill – Canada Action The late historian Bruce Catton said progress is “the sum of small victories won by individual human beings.” These important victories, especially in an era as devastating as the current pandemic, sometimes go unnoticed. That’s unfortunate because, when taken together, these milestones often add up to something … Read more
WINNIPEG — The Manitoba government has introduced a bill that proposes tougher fines and possible imprisonment for people interfering with critical infrastructure.
Justice Minister Cameron Friesen says the Progressive Conservative government is looki…
By Marc Champion Mar 15, 2021 (Bloomberg) The Rand Corporation’s been designing war games with the Pentagon since the 1950s, modelling such hard-nosed security scenarios as a two-front U.S. war with China and Russia. Now the think tank is turning its realpolitik tool kit to a question more often associated with environmental dreamers: How will clean energy change the world?Rand … Read more
Results from pandemic shock underscore vast global reliance on oil and Canada’s opportunity By Deborah Jaremko Steam generators at an in situ oil sands project in northern Alberta. Photo courtesy of Cenovus Energy The resilience of Canada’s oil sands is on display despite the sector going through the greatest oil shock in history, according to energy … Read more
Once-through steam generator (OTSG) in-situ facility. Photo courtesy COSIA, 2021. A $2-million research collaboration between the University of Calgary, University of Alberta and Southern Alberta Institute of Technology (SAIT) is focused on finding improved energy and environmental solutions to one of the oilsands industry’s most common operational problems: erosion and corrosion in once-through steam generators (OTSG). As … Read more
Originally published by Canadian Energy News Network When it came to COVID19 financial support, the oil and gas industry got put on hold Well-funded anti-oil and gas campaigners are using the old magician’s trick of “look over there so you don’t notice what’s going on over here”. For some time we have seen sensational claims … Read more
CALGARY, AB, March 15, 2021 /CNW/ – Waterous Energy Fund (“WEF“) is pleased to announce that it has successfully completed the offer (the “Offer“) by its subsidiary, WEF Osum Acquisition Corp. (the “Offeror“), to acquire up to 57,000,000 common shares (“Osum Shares“) of Osum Oil Sands Corp. (“Osum“) at a price of $3.00 per share, following the expiry of the … Read more
By Geoffrey Cann How can upstream oil and gas overcome its siloed processes and unconnected data to free up time for engineers, accelerate decision making, and improve decision quality, but without replacing everything? Through a platform approach to knowledge automation. Geoffrey: I am pleased to be in conversation today with Kenton Gray, who is the Chief … Read more
By Amy Stillman Mar 15, 2021 (Bloomberg) Petroleos Mexicanos discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production.The new field at the southern part of the Gulf of Mexico, when combined with nearby deposits, is similar in size to other billion-barrel … Read more
Mar 15, 2021 (Bloomberg) Oil held above $69 a barrel in London after a raft of economic data from China added to signs of recovery from the coronavirus pandemic.Brent futures traded up 0.4% after earlier climbing 1.2%. Figures from China for the first two months of the year showed a surge in industrial output, underscoring the … Read more
We wanted to give you another chance to register for our live webinar: Simplify Spill and Sediment Control with Rain-Ready & Effective Outdoor Cleanup Plan Wednesday, March 17, 2021 | 12 pm MT / 2pm EST This is a webinar you don’t want to miss! Delta Remediation and HalenHardy are collaborating on a joint lunch-hour … Read more
When it comes to environmental stewardship, the oil and gas industry and Alberta do the heavy lifting By Mark Milke and Ven Venkatachalam Gas plant located along side farmland and agriculture in the foothills of Southern Alberta. Getty Images photo As two people not born in Alberta but who live here now—one of us came from British … Read more
By Edward Naranjo, Emerson Automation Solutions FIRES AND explosions are common hazards in the chemical and refining industries. Unexpected releases of flammable liquids and gases can ignite, sometimes violently, when mixed with air, leading to injury and property damage. Energy-sensing flame detectors can enhance the safety of processes involving flammable materials by triggering an alarm … Read more
Carbon credits are generated through voluntary adoption of technology that reduces greenhouse gas emissions. Credits are generated until the technology becomes a regulatory requirement. Carbon credits require third-party verification and are serialized. They can be traded in Alberta as well as in other jurisdictions. WATCH NOW 3 Ways to Monetize Alberta’s Carbon Credit Program: Intricate … Read more
Gemini Fabrication has released the second episode in our mini-interview series. Come with us as we take you on a journey to meet some of the leaders and industry experts who help make Gemini Fabrication the #1 Fabricator in Western Canada. Find out from the inside why Gemini has continually set the bar for project delivery, … Read more
Healthy oil and gas industry critical to economic recovery, says Montreal Economic Institute By Deborah Jaremko Energy worker in Alberta. Photograph courtesy Government of Alberta Canada needs a new pipeline strategy with an oil pipeline from west to east as a central pillar, says a new report from the Montreal Economic Institute (MEI).Author Miguel Ouellette says the cancellation … Read more
CALGARY — For the veteran Calgary oilman whose name adorns the downtown Gray Family Eau Claire YMCA, the recent closing of the facility due to falling membership is the “canary in the coal mine” for the Calgary economy.
“The Y has been my second home….
Canada’s drilling rig count is down 25 active drilling rigs according to data collected by Baker Hughes for the week ending March 12, 2021. From one week ago, Alberta rig counts decreased 11 to 80 and the Saskatchewan rig counts decreased 12 to 16. Oil drilling decreased 22 to 58 and gas decreased 3 to … Read more
HOUSTON (Reuters) – Major energy companies are turning their carbon sequestration technologies and projects into business ventures, converting some efforts that help pump more oil and gas into profit-making ventures while burnishing their environmental reputations. The efforts could help big greenhouse gas emitters reduce their carbon emissions intensity and move closer to Paris Agreement climate … Read more
EDMONTON — The Alberta government’s energy “war room” is going to battle with a Netflix children’s movie saying it inaccurately portrays the oil industry.
The Canadian Energy Centre says more than 1,000 people have sent an automated letter off its web…
Oil and gas industry continues to significantly outspend other sectors on environmental protection By Ven Venkatachalam and Mark Milke Photograph courtesy COSIA Download the PDF here Download the charts here Environmental spending in Canada This Fact Sheet details spending on environmental protection by the oil and gas sector, other industries, and provincial governments. The comparisons are made using the … Read more
(Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for the first time since November even as crude prices soared to their highest since 2018. The U.S. oil and gas rig count, an early indicator of future output, fell by one to 402 in the week to March 12, … Read more
CALGARY — Tidewater Midstream and Infrastructure Ltd. says it expects to receive $100 million in provincial government low carbon fuel credits if it proceeds with a plan to build renewable diesel and renewable hydrogen facilities at its Prince George …
Mar 12, 2021 (Bloomberg) Oil steadied with the market facing a mixed demand outlook after a recent rally and the dollar climbing. Futures in London were little changed below $70. The demand picture remains uneven across various regions, with Indian fuel sales falling in February amid higher pump prices, while demand is climbing in America and … Read more
By Laura Hurst Mar 12, 2021 (Bloomberg) Royal Dutch Shell Plc disclosed the profitability of its sprawling and secretive oil-trading unit for the first time, saying it almost doubled to $2.6 billion last year. The scale of that result shows the importance of the trading division to the oil major in a year when weak demand … Read more
March 11, 2021 | Source: High Arctic Energy Services Inc. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Canada, March 11, 2021 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” … Read more
CALGARY — The CEO of Tourmaline Oil Corp. says there are still plenty of potential acquisition targets in Western Canada but that may change if recently higher global oil prices continue to strengthen.
On a conference call to discuss fourth-quarter re…
CALGARY — The Alberta Energy Regulator says Land Petroleum International Inc. has been ordered to pay an $80,000 fine for failing to allow AER staff access to a natural gas processing plant to inspect it in August 2018.
It says the Calgary-based comp…
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
Mar 11, 2021 (Bloomberg) You’d think a world tiptoeing its way out of the coronavirus pandemic might only be good news for governments and economies. Yet the consequent surge in the price of energy, metals and crops is highlighting the strengths of some and the vulnerabilities of others.Oil has climbed 75% since the start of November as major economies vaccinate their populations and … Read more
CALGARY, AB, March 11, 2021 /CNW/ – Crew Energy Inc. (TSX: CR) (“Crew” or the “Company”) today announced our operating and financial results for the three and twelve month periods ended December 31, 2020. Crew’s full audited consolidated Financial Statements, as well as Management’s Discussion and Analysis (“MD&A”) for the three and twelve month periods ended December 31, 2020 are available on … Read more
CALGARY, AB, March 11, 2021 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX: TWM) is pleased to announce that it has filed its annual consolidated financial statements and Management’s Discussion and Analysis (“MD&A“) for the year ended December 31, 2020. FOURTH-QUARTER 2020 HIGHLIGHTS The Corporation’s full year performance continues to highlight the resiliency and stability of its integrated … Read more
Calgary, Alberta–(Newsfile Corp. – March 11, 2021) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) has released its financial and operating results for the fourth quarter and year ended December 31, 2020. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended December 31 Year ended December 31 (CA$ thousands, … Read more
March 11 (Reuters) – Investment firm Brookfield Infrastructure Partners said on Thursday it is committed to its C$7.1 billion ($5.65 billion) hostile takeover offer for Inter Pipeline Ltd despite the pipeline company’s board turning down the bid. The largest individual shareholder in Inter Pipeline said it welcomes the board’s “efforts to market test the offer … Read more
TORONTO — Brookfield Infrastructure Partners LP says Inter Pipeline Ltd. hasn’t provided evidence to support its call for a higher alternative to the $7.1 billion hostile takeover bid that Brookfield announced last month.
Brookfield Infrastructure say…
Mar 11, 2021 (Bloomberg) Oil rose as the dollar declined amid signs of recovering fuel demand in some parts of the globe.Futures in New York climbed above $65 a barrel. U.S. gasoline consumption expanded last week to the highest level since November, while U.K. road use has also been climbing. Profit from producing the motor fuel has soared, … Read more
CALGARY — Tourmaline Oil Corp. is reporting higher fourth-quarter earnings and production along with a 14 per cent increase in its dividend following a year in which it completed four corporate acquisitions.
The Calgary-based company, the largest natu…
Vicki Knott, CEO and Co-Founder of Crux OCM discusses automation in the control room, making assets more efficient and the role automation plays in reaching global climate targets. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com
Mar 10, 2021 (Bloomberg) Saudi Arabia said it would guarantee global energy security and deter further attacks on its infrastructure, days after a missile and drone assault on the world’s largest oil-export terminal.The attack on the kingdom’s Ras Tanura port on Sunday caused a brief spike in oil prices and was claimed by Iran-backed Houthi fighters in neighboring … Read more
Mar 10, 2021 (Bloomberg) Trans Mountain Pipeline LP is petitioning to keep the insurers of its controversial Canadian oil sands pipeline confidential as environmental groups urge insurance companies to drop their coverage. The pipeline company normally discloses the insurance companies in a so-called Financial Resource Plan that’s filed with the regulator each April. But Trans … Read more
Creating Carbon Fibre from Bitumen $5 Million to support Phase II of the Carbon Fibre Grand Challenge March 10, 2021 | Source: Alberta Innovates EDMONTON, Alberta, March 10, 2021 (GLOBE NEWSWIRE) — Alberta Innovates and the Clean Resource Innovation Network (CRIN) are announcing the completion of Phase I of the Carbon Fibre Grand Challenge and … Read more
CALGARY, AB, March 10, 2021 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX:HWX) announces its operating and financial results for the three months and year ended December 31, 2020. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and the related management’s discussion and analysis (“MD&A”). These filings will be … Read more
CALGARY, AB, March 10, 2021 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the full year and fourth quarter of 2020 as well as 2020 reserves. HIGHLIGHTS Achieved record production in Q4 2020, exiting 2020 producing in excess of 400,000 boepd. Achieved a record 2P reserve addition … Read more
March 10, 2021 | Source: Birchcliff Energy Ltd. CALGARY, Alberta, March 10, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that it has filed its audited annual financial statements (the “Financial Statements”) and related management’s discussion and analysis and its annual information form (the “AIF”) for the financial … Read more
CALGARY, AB, March 10, 2021 /CNW/ – Enerplus Corporation (“Enerplus” or the “Company”) (TSX: ERF) (NYSE: ERF) today announced that it has closed its previously announced acquisition of Bruin E&P HoldCo, LLC (“Bruin”), a pure play Williston Basin private company, for a total cash purchase price of US$465 million, subject to normal purchase price adjustments. The purchase price was … Read more
/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS./ CALGARY, AB, March 10, 2021 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced today that it has closed its previously announced Canadian offering of $350 million of 5.95% fixed-to-fixed rate subordinated notes due March 10, 2081. The offering was announced on March 8, … Read more
Mar 10, 2021 (Bloomberg) Saudi Arabia will take measures to ensure global energy security and deter attacks on its oil infrastructure, Foreign Minister Prince Faisal bin Farhan said in Riyadh on Wednesday, days after a missile and drone assault on Saudi Aramco facilities.The attack on Sunday targeted a key crude installation of the state oil company … Read more
Mar 10, 2021 (Bloomberg) Oil reversed an earlier decline, largely undulating with the swings in the dollar before data on U.S. oil stockpiles due later.Futures in New York edged lower on Wednesday, after falling more than 3% over the past two sessions. Market volatility has also been creeping higher in recent weeks. The American Petroleum Institute … Read more
March 10, 2021 | Source: Pipestone Energy Corp. photo-release Updated Pipestone Energy Capital Program Map: Refer to map LMR LMR Graphic CALGARY, Alberta, March 10, 2021 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q4 and full year 2020 financial and operational results, as well as provide an … Read more
CALGARY, AB, March 9, 2021 /CNW/ – Innovation and the continued development of clean technologies will help to drive our economy, reduce our environmental impacts and create jobs. This will be more important than ever as we work toward our recovery from the COVID-19 pandemic. Canada’s Minister of Natural Resources, the Honourable Seamus O’Regan Jr., today celebrated the milestone of … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. In response to the all the attention on M&A in the Montney lately, … Read more
By: Gene Meyer One of the bigger questions faced by equipment owners is whether spare parts should be purchased and stored until needed or to save the cash and take the risk that equipment will fail unannounced. The decision is fraught with strong opinions, and cost either capital or expense. When profit is being lost … Read more
OTTAWA, ON, March 9, 2021 /CNW/ – Even during a pandemic, Canada continues to strengthen the economy while protecting and conserving our natural environment, supporting our natural resource sectors and mitigating the impacts of climate change. Increasing our understanding of the long-term cumulative effects from human activities is essential in making decisions that impact our future well-being. This is … Read more
David Wishnow recently had a chance to sit down with Ory Zik and Dan Midea from Qnergy to discuss how their solution has helped protect against freeze-off situations. Following the severe weather in the past few weeks, we received a number of inquiries from operators in Texas for solutions that would mitigate some of the damage incurred due to … Read more
Automated Visual Inspections for Industrial operations Is an environmentally, cost-effective, more efficient, and intelligent way to inspect sites and assets on any online device. With Osperity’s Automated Inspections for Industrial Operations, you gain instant access (either online or via a PDF document sent through email) to a single location that includes images taken from selected … Read more
EDMONTON — Alberta’s finance minister says taxpayers won’t be on the hook for much more beyond $1.3 billion already committed to the defunct Keystone XL oil pipeline.
“Our total exposure is just under $1.3 billion. It’s not expected to increase materi…
Mar 9, 2021 (Bloomberg) Just Energy Group Inc. filed for court protection in Canada and bankruptcy in the U.S. after suffering crushing losses in the Texas blackouts that plunged millions of people into darkness and the region’s power sector into chaos.The Canadian retail energy seller, which specializes in electricity and natural gas, is at least the … Read more
Mar 9, 2021 (Bloomberg) An oil glut coupled with a virus-induced free-fall in global demand sent energy stocks spiraling a year ago. Now, as the world begins to recover from the pandemic, oil bulls who stayed the course are enjoying big returns. The move is turning some fund managers’ gaze back to Canada, where oil producers … Read more
CALGARY — The Canada Energy Regulator is inviting public comment on a request by the operator of the Trans Mountain pipeline to protect the identity of its insurers, with the comment period extending beyond the requested deadline.
In an online post, t…
CALGARY, AB, March 9, 2021 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its operating and financial results for the year ended December 31, 2020 and provide summary results of its independent reserve report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2020. The related financial … Read more
Calgary, Alberta–(Newsfile Corp. – March 9, 2021) – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) is pleased to announce its year-end financial and operating results and the filing of its 2020 disclosure documents. Included in the filings were Pine Cliff’s annual information form (“AIF“), which includes disclosure and reports related to … Read more
CALGARY, AB, March 9, 2021 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2020, and its year-end 2020 reserves, as independently evaluated by Sproule Associates Limited (“Sproule”). 2020 FINANCIAL, OPERATIONAL, AND RESERVES HIGHLIGHTS VIEW PDF Surge Energy Inc. Announces 2020 … Read more
CALGARY — Shares in Secure Energy Services Inc. were trading higher after it announced an all-stock deal to buy oilfield waste disposal rival Tervita Corp., the latest in a string of consolidation transactions in the oilpatch.
Secure is offering 1.275…
CALGARY, AB, March 9, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) today announced that the Board of Directors (the “Board”) has unanimously determined that Brookfield’s hostile takeover bid (the “Hostile Bid”) is not in the best interests of the Company or its shareholders (“Shareholders”). VIEW PDF The Board’s determination followed careful consideration, including advice from … Read more
Strategic combination of highly complementary businesses expected to unlock significant shareholder value CALGARY, AB, March 9, 2021 /CNW/ – SECURE Energy Services Inc. (“SECURE”) (TSX: SES) and Tervita Corporation (“Tervita”) (TSX: TEV) are pleased to announce a transaction to create a stronger midstream infrastructure and environmental solutions business that is expected to provide enhanced free cash flow generation resulting from greater … Read more
By Sharon Cho and Alex Longley Mar 9, 2021 (Bloomberg) Oil reversed an earlier decline to trade above $65 as the dollar slipped.Futures in New York bounced between gains and losses on Tuesday, with a deteriorating greenback making commodities priced in the currency more valuable and bond markets rallying. In a bullish indicator for consumption, the OECD revised up … Read more
By Kait Bolongaro Mar 9, 2021 (Bloomberg) More voters trust Justin Trudeau’s party to manage Canada’s finances after the pandemic than any other, a boost of polling confidence that could tempt him to trigger an election.The governing Liberals earned 33% support in a Nanos Research Group survey for Bloomberg News asking Canadians which party is best suited to … Read more
(Reuters) – Canada’s Secure Energy Services Inc said on Tuesday it would buy waste management services firm Tervita Corp in an all-stock deal valued at C$478 million ($379.5 million), the latest consolidation in the country’s oil sector. The deal, which will value the combined company at around C$2.3 billion, comes as oil and gas companies … Read more
Ever wonder what real Indigenous leaders think of pipelines and protesters in their communities? This is an interview you won’t want to miss. 👉 SUBSCRIBE: https://www.youtube.com/aarongunnbc JOIN THE FIGHT: https://aarongunn.ca/join/ SUPPORT AARON: https://aarongunn.ca/contribute/ FOLLOW AARON Follow Aron on Instagram: https://www.instagram.com/aarongunnbc… Follow me Facebook: https://www.facebook.com/aarongunn.ca… Follow me Twitter: https://www.twitter.com/aarongunn
Could you imagine a Canadian winter without natural gas? Some people want governments to keep natural gas in the ground. We examined what that would mean for everyday Canadians. www.secondstreet.org
Published by Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter First Nations involved in Canada’s oil sands industry experience significant and profound positive economic effects, finds a new research brief by the Canadian Energy Centre. Using Statistics Canada data, the brief highlights four … Read more
NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, AB, March 8, 2021 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSXV: SDE); (TSXV: SDE.R) is pleased to announce it has closed its previously announced bought deal public offering of 11,250,000 subscription receipts (the “Subscription Receipts“) … Read more
CALGARY, AB, March 8, 2021 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report operating and financial results for the year ended December 31, 2020 along with our 2020 reserves information. The audited financial statements, management discussion and analysis and annual information form for the year ended December 31, 2020 will be … Read more
By Geoffrey Cann For all the talk about energy transition, many things remain unexplained. Here are four that puzzle me about how transition will work. At least they keep me amused. Energy Transition The media is now regularly carrying stories about energy transition. Here’s a few from my newsfeed: the rapid growth in Tesla’s market capitalization; … Read more
BANGKOK — Oil prices remained elevated Monday as Saudi Arabian oil facilities were targeted by drone strikes just days after the largest crude exporting nations in the world said they would not increase output.
Brent crude, the international standard,…
March 08, 2021 | Source: Gibson Energy ULC CALGARY, Alberta, March 08, 2021 (GLOBE NEWSWIRE) — Gibson Energy Inc. is pleased to announce today the establishment of expanded Sustainability and Environmental, Social and Governance (“ESG”) targets as well as its intention to publish reporting during the year aligned to both the Task Force on Climate Related … Read more
LONDON (Reuters) – Oil prices climbed above $70 a barrel for the first time since the start of the coronavirus crisis, after the U.S. Senate passed a $1.9 trillion economic stimulus package and a Yemeni group attacked Saudi Arabia’s oil industry. Benchmark Brent climbed as high as $71.38 a barrel in early Asian trade, its … Read more
Land set aside for a hydrogen plant and the wind and solar farms to power it in Neom, Saudi Arabia.Source: Neom (Bloomberg) Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the kingdom hopes will become a global hub for green hydrogen. As governments and … Read more
Canada’s drilling rig count is down 22 active drilling rigs according to data collected by Baker Hughes for the week ending March 5, 2021. From one week ago, Alberta rig counts decreased 11 to 91 and the Saskatchewan rig counts decreased 8 to 26. Oil drilling decreased 12 to 80 and gas decreased 10 to … Read more
WASHINGTON — The fierce debate over cross-border pipelines is putting more Canadian oil and gas on trains destined for the United States — a country experts fear is ill-equipped for the potential consequences. It would take an oil-by-rail calamity of …
Now that the Canadian Polar Vortex has retreated, are you asking yourself how you could have better optimized the water heating costs for your completions program? Water heating costs are a significant component of completions budgets during the winter season but even in these challenging conditions, there is still an ability to optimize costs through … Read more
Michael Binnion Mar 04, 2021 This article originally appeared in the Toronto Sun U.S. President Joe Biden and Prime Minister Justin Trudeau, appearing via video conference call, give closing remarks at the end of their virtual bilateral meeting from the White House in Washington, U.S. February 23, 2021. PHOTO BY JONATHAN ERNST /REUTERS Another missed opportunity — … Read more
Today, Delta Remediation Inc, a worldwide leader in bioremediation technologies officially entered the emergency spill response market through a strategic partnership with HalenHardy, renowned disruptors in the spill response industry in the United States and abroad. On the 17th of March, Delta Remediation and HalenHardy are collaborating on a joint lunch-hour learning webinar that will … Read more
CALGARY — The Alberta Energy Regulator says it is suspending licences for thousands of wells and pipelines after an oil and gas producer failed to bring its operations into regulatory compliance.
The regulator says it has ordered private SanLing Energ…
At Muddy Boots Inc. we believe that having one piece of software that handles many facets of the operation is very cost-effective. With an integrated platform for operations software, you have: One system instead of many, saving you money. All your data in one place, increasing data accuracy and saving you time. All staff using … Read more
Investigations of a shale formation revealed that stimulating with an engineered completion design leads to lower breakdown pressures, higher treatment rates, higher proppant placement, and increased hydrocarbon production. In the table below, wells 1, 2, and 3 were completed using a geometric or nonengineered stimulation design. Wells 4, 5 and 6 were completed using an … Read more
Roska DBO’s temporary gas processing facility is back from a previous assignment and available for immediate rental. This facility is ideal for evaluating exploratory wells and can capture the information you need to understand your reservoir and plan the future of your development. Able to produce raw field gas into a spec pipeline, our facility … Read more
As we see the economy start to slowly open back up, we are feeling optimistic as oil prices are on the rise. With a drop in U.S. inventories it leaves room for the Canadian Oil and Gas sector to come to the global table. Even without added pipelines, opening Canada up to global markets at … Read more
There has been much study and prognostication on future supply as well as supply costs within major North American oil plays. Oil and gas development spending across most basins has been notably suppressed since early 2020, but with crude oil benchmark prices marching steadily upwards in 2021, it is not hard to believe that more … Read more
Viscosity is a very complex concept and property to measure. It is a rheological indicator of the resistance of a fluid to deformation and is related to how components of a sample interact or interfere with each other and it is extremely temperature dependent. It is an important product property and a decisive measurement parameter … Read more
Mar 7, 2021 (Bloomberg) Saudi Arabia said one of the most protected crude facilities in the world came under missile attack on Sunday, in a clear escalation of hostilities that sent oil prices surging. The drone and missile attacks were intercepted and crude production appeared to be unaffected. But the latest in a spate of assaults … Read more
Calls by Michigan governor to shut down pipeline raise questions after winter storm prompts energy emergency By Shawn Logan A collage prepared by Sarnia pipefitters union UA 663 as they promote a petition calling for the federal government to protect Line 5. Photograph supplied for Canadian Energy Centre Sarnia’s Scott Archer could only shake his head … Read more
March 05, 2021| Source: Tamarack Valley Energy Ltd. 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, March 05, 2021 (GLOBE NEWSWIRE) — Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is … Read more
Day 1: March 10th Time Speaker Topic 8:00am – 8:10a Dan King & Brittney Hruska Welcome & Summit Overview 8:10am – 8:55am Jason Kessler & Stuart Karol – William Joseph Digital Advertising – Break through the ad noise and make more than just Impressions. Please click the link below to join the Conference Welcome, Overview … Read more
Study looks at Trans Mountain oil tanker safety perspectives from maritime experts who live on British Columbia’s South Coast. By Margareta Dovgal and Stewart Muir Resource Works has published Safe Passage: Trans Mountain oil tanker safety perspectives from global experts who live on British Columbia’s South Coast, bringing the expert knowledge of eight professionals in marine … Read more
Canadian Energy News Network Lately, anti-oil and gas activists have shifted their focus on trying to ban natural gas use in cities. To date, this strategy has had some success in the U.S. with cities like Berkeley and San Francisco already banning the fuel. In its climate management ban, Vancouver has also moved to ban natural gas use … Read more
CALGARY, Alberta (Reuters) – Canada released draft regulations on Friday aimed at stimulating domestic carbon credit trading, part of the federal government’s push to curb emissions of climate-warming greenhouse gases. Canada, the world’s fourth-largest oil producer and one of the highest greenhouse gas (GHG) emitters on a per capita basis, has committed to reducing emissions … Read more
LONDON (Reuters) – This week’s surprise decision by Saudi Arabia and other top oil producers to broadly stick with output cuts despite rising crude prices was influenced by events in an unexpected place – Italy. About a year after the country’s financial heart became one of the first European cities to enter a lockdown to … Read more
By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo In life we often take a lot for granted. Exhibit A: Consider the revolution in farming that took place over centuries.Imagine being a farmer a century or more ago. You likely used animals … Read more
‘There’s a misconception that young people don’t want to get into the oil and gas industry, and it’s just not true’ By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter University of Alberta students Daniel Baker (left) and Skye Lybbert are looking forward to finding good jobs … Read more
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude prices soared to their highest since 2019. The oil and gas rig count, an early indicator of future output, rose one to 403 in the week to March 5, still its highest since … Read more
CALGARY — Drilling company Ensign Energy Services Inc. says oilpatch activity in its Canadian and U.S. operations is staging a slow recovery from a deep slump in 2020.
The Calgary-based company says it earned net income of $3.1 million or two cents pe…
CALGARY, AB, March 5, 2021 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce its successful 32 well 1H/21 drilling program, a strategic $106 million asset sale (the “Sale”), and a positive re-determination of its first lien and second lien credit facilities. SURGE ENERGY – VALUE CREATION AND DEBT REDUCTION VIEW PDF Surge Energy … Read more
CALGARY, AB, March 5, 2021 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce it has entered into a non binding agreement with Tamarack Valley Energy Ltd. (“Tamarack”) for the purchase of a newly created gross overriding royalty interest underpinned by a multi-year minimum capital development commitment for total purchase consideration of $13.7 million (the … Read more
Mar 5, 2021 (Bloomberg) Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global energy map in the last decade, are never coming back.By keeping a tight grip on supply at Thursday’s meeting of the OPEC+ alliance of oil producers, Saudi Energy Minister Prince Abdulaziz bin Salman showed … Read more
Mar 5, 2021 (Bloomberg) Major oil sands producers in Western Canada will idle almost half a million barrels a day of production next month, helping tighten global supplies as oil prices surge.Canadian Natural Resources Ltd.’s plans to conduct 30 days of maintenance at its Horizon oil sands upgrader in April will curtail roughly 250,000 barrels a … Read more
By Saket Sundria and Alex Longley Mar 5, 2021 (Bloomberg) Oil topped $65 a barrel in New York after OPEC+ chose not to relax supply curbs, confounding widespread expectations that the group would loosen the taps as the global economy pulls out of its pandemic-driven slump.Thursday’s surprise decision spurred a wave of upgrades in crude price … Read more
Business shows resiliency with annual revenues of $393 million down only 15% from 2019 March 04, 2021 | Source: ClearStream Energy Services Inc. CALGARY, Alberta, March 04, 2021 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced its results for the three and twelve months ended December 31, 2020. All amounts … Read more
CALGARY, AB, March 4, 2021 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX: YGR) announces its financials, operating results and reserves for the year ended December 31, 2020. 2020 was a volatile year with many challenges for the oil & gas industry in North America. Yangarra quickly responded to COVID-19 in early 2020 by reducing the capital program to zero until August … Read more
March 04, 2021 18:06 ET | Source: Freehold Royalties Ltd. CALGARY, Alberta, March 04, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces fourth quarter and annual results for the period ended December 31, 2020. Operating and Financial Highlights Three Months Ended December 31 Twelve Months Ended December 31 FINANCIAL ($000s, except as noted) … Read more
March 05, 2021 | Source: Renewable Industries Canada OTTAWA, March 05, 2021 (GLOBE NEWSWIRE) — Renewable Industries Canada (RICanada), representing business leaders in renewable fuel production and technology welcomes the opportunity to comment on Canada’s draft Clean Fuel Regulations (CFR). RICanada supports a national policy for cleaner fuels and believes an environmentally viable and economically realistic path … Read more
XI Technologies is hosting two new webinars in March demonstrating ways to get the data you need to compete in today’s aggressive A&D environment. Take your M&A scoping to the next level M&A announcements are dominating the headlines in the oil and gas industry. Companies looking to merge, acquire, or move assets need to be … Read more
The KPMG Global Energy Institute is pleased to share the oil and gas industry findings of the Harvey Nash/KPMG CIO Survey 2020. Now in its 22nd year, it is the largest IT leadership survey in the world, with over 4,200 responses from CIOs and technology executives across 83 countries. In this report, based on 70 … Read more
WASHINGTON — The federal government won’t let Michigan shut down the Line 5 pipeline, Canada’s natural resources minister said Thursday as he dismissed opposition comparisons to the thwarted Keystone XL project.
Seamus O’Regan sounded almost combativ…
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
CALGARY — Parkland Corp. is reporting lower fourth-quarter earnings and revenue as affects of the COVID-19 pandemic lockdowns continue to erode fuel sales.
The Calgary-based convenience store operator and fuel retailer says it had net earnings of $53 …
CALGARY, AB, March 4, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that it has joined the Alliance to End Plastic Waste (the Alliance), an international non-profit organization with the vision of ending plastic waste in the environment. “Being a responsible and conscientious operator has always been a top priority at Inter Pipeline,” … Read more
CALGARY — Canadian Natural Resources Ltd. is joining other large oil producers in setting aside millions of dollars to account for potential costs resulting from the cancellation of the Keystone XL pipeline.
In its fourth-quarter results, the Calgary-…
By Saket Sundria and Alex Longley Mar 4, 2021 (Bloomberg) Oil traded above $62 a barrel in New York after Saudi Arabia’s oil minister urged caution from producers as they gathered virtually.West Texas Intermediate added 1.8%, while Brent also climbed. OPEC+ should keep its powder dry, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said at … Read more
DUBAI/MOSCOW (Reuters) – OPEC, Russia and other oil producers meet on Thursday to decide whether to keep April output steady or increase it as they weigh a recent price rally against uncertainty about the economic recovery. With oil above $60 a barrel, some analysts have predicted the OPEC+ group of producers will increase output by … Read more
Download PDF Calgary, Alberta–(Newsfile Corp. – March 3, 2021) – Briko Energy Corp. (“Briko” or the “Corporation”) is pleased to announce its 2020 year-end reserves and corporate update. 2020 Reserve Highlights Proved (“1P”) reserves of 2.3 million barrels of oil equivalent (“BOE”) at December 31, 2020 compared to 2.4 million BOE at December 31, 2019; … Read more
March 03, 2021 18:19 ET | Source: Parex Resources Inc. CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is a company headquartered in Calgary, Alberta that focuses on sustainable, profitable, conventional oil and gas production. The Company is pleased to announce its financial and operating results for the year and … Read more
March 03, 2021 17:15 ET | Source: Peyto Exploration & Development Corp. CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) today reports operating and financial results for the fourth quarter and 2020 fiscal year. A 55% operating margin1 combined with record low $2.07/Mcfe total supply cost (PDP FD&A plus … Read more
March 03, 2021 19:57 ET | Source: Athabasca Oil Corporation CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) reports its 2020 year-end results and annual reserves. In a year of unprecedented challenges, Athabasca demonstrated the exceptional resilience of its low-decline assets. In 2021, Athabasca is focused on resuming … Read more
All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted CALGARY, AB, March 3, 2021 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Corporation”) reported its full year 2020 operational and financial results. Highlights include: Related Documents VIEW PDF MEG Energy announces full year … Read more
CALGARY — Calfrac Well Services Ltd. reported a fourth-quarter profit of $125.9 million, boosted by a gain on the settlement of debt.The oilfield services company says the profit for the quarter ended Dec. 31 amounted to $2.19 per diluted share.The re…
Mar 3, 2021 (Bloomberg) —Jennifer Granholm used her first speech as U.S. Energy Secretary to warn oil and gas companies they risk being left behind unless they embrace a transition to cleaner sources of energy, while also offering them an opportunity to partner with the new administration.“I’m not going to sugarcoat how hard transitions are,” … Read more
CALGARY, Alberta (Reuters) – Existing energy pipelines in North America are becoming increasingly valuable because investor focus on environmental, social, and corporate governance (ESG) issues is making it more difficult to finance new infrastructure, midstream industry executives said on Wednesday. The “tobaccofication” of the energy industry in recent years has led to less money flowing … Read more
When it comes to energy fieldwork, workers require technology that can stand up to a range of working environments. Businesses operating in the oil fields want to equip their employees with rugged devices that can withstand the toughest environments.. Fortunately, Samsung offers a ruggedized lineup built for people who work in harsh environments that lie … Read more
Written by: Claire Masikewich, Director, Marketing and Communications at GeoVerra In the early days, we went back and forth and through multiple revisions to develop our brand story. Now, you’d think a brand story would be a fairly easy task as you just tell it how it is, right? Wrong. There’s so much more that goes … Read more
Leveling cylinders are used in many applications to stabilize a rig’s working position. Replacing traditional methods of manual jacking and blocking, hydraulic leveling cylinders provide a precise, time saving method of stabilizing a working platform for increased operator safety and productivity. Also referred to as outriggers, stabilizers, leveling jacks and landing gear, leveling cylinders provide … Read more
From facial recognition in mobile phones to self-driving cars, artificial intelligence and machine learning is changing everything. Machine learning has a huge potential to be used in asset integrity management to ensure operational safety. The purpose of this blog is to showcase an example where machine learning, combined with engineering domain knowledge, can determine the … Read more
(Reuters) – Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain. “Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy,” Royal Dutch Shell CEO Ben van Beurden told … Read more
Reuters Mar 02, 2021 The energy industry wants policy makers to remember that natural gas can and should be part of the solution in solving climate change, executives said at a conference on Tuesday. “The most important thing to continue to impress upon the policymakers is natural gas can and should be a big part … Read more
CALGARY — The president and country head for Shell Canada says its transition into a provider of cleaner energy is being driven by a network of “agile teams” of employees who are examining between 30 and 40 project ideas at a time.
Michael Crothers sa…
CALGARY, AB, March 3, 2021 /CNW HIGHLIGHTS VIEW PDF Paramount Resources Ltd. Reports 2020 Annual Results and Provides 2021 Guidance (CNW Group/Paramount Resources Ltd.) Annual sales volumes averaged 68,340 Boe/d (39% liquids) in 2020. Fourth quarter 2020 sales volumes averaged 73,460 Boe/d (42% liquids), ahead of guidance of 70,000 to 72,000 Boe/d.(1) Fourth quarter sales … Read more
CALGARY — Waterous Energy Fund says it has prevailed in its takeover of private junior oilsands producer Osum Oil Sands Corp.
It says a total of 45.7 million Osum shares, about 34 per cent of the outstanding total and more than 50 per cent of the shar…
LONDON (Reuters) – Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the United States gave further support. Brent oil was up $1.28, or 2%, to $63.98 a barrel by 1050 GMT. U.S. … Read more
(Reuters) For 17 years, trucker Colin Birch has been hitting the highways to collect used cooking oil from restaurants. He works for Vancouver-based renderer West Coast Reduction Ltd, which processes the grease into a material to make renewable diesel, a clean-burning road fuel. That job has recently gotten much harder. Birch is caught between soaring … Read more
March 03, 2021| Source: Cardinal Energy Ltd. CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX:CJ) is pleased to present the results of its independent reserve report effective December 31, 2020. One hundred percent of Cardinal’s year-end 2020 reserves were evaluated by independent reserves evaluator GLJ Ltd. (“GLJ”) as … Read more
March 03, 2021 | Source: TC Energy Corporation CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and TC PipeLines, LP (NYSE:TCP) (TCP) today announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement and Plan of Merger dated December 14, … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. The Montney has seen a lot of action in recent A&D activity as new players look … Read more
By: Matt Caserta and Grant Jacobson Fired equipment is a critical part of most refinery process units. Operating at high temperatures and potentially high pressures make these equipment items particularly risky. Add in the presence of open flames and failures can be dramatic. In today’s refining climate, fired equipment is required to run 5 to … Read more
Since 2011, CDN Controls has served the Energy Sector in Western Canada with quality, reliability and innovation. Over the past decade we have seen tremendous growth due to our amazing team and integrated services we provide, which has established us as an industry leader. Our achievements are largely thanks to our people, communities, Indigenous partners … Read more
With spring break up and shut down season upon us, let us help you with FR Apparel Sales & Service! We offer all the best FR and PPE brands, as well as professional, in-house cresting and embroidery and industrial laundry. We operate the largest bio-based dry cleaner on the continent, and we are Central Alberta’s … Read more
Join Sky Eye’s Vice President Business Development, John Forchuk, and our Business Development Representative, Grace Corry for an overview of a Sky Eye Ed Tech session, “Transloading 101”. Questions about the fundamentals of energy transport? Contact Sky Eye’s sales team today [email protected]
By Reuters Staff (Reuters) – Improving economics and government policies are creating opportunities for carbon capture and storage, Exxon Mobil Chief Executive Darren Woods said at an energy conference on Tuesday. Exxon, under pressure from activist investors who want the company to develop more ambitious plans for the energy transition, recently launched a Low Carbon … Read more
March 02, 2021 | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Ind., March 02, 2021 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that the Company has been awarded the Jayhawk Wind Farm contract valued at … Read more
March 02, 2021 | Source: Suncor Energy Inc. CALGARY, Alberta, March 02, 2021 (GLOBE NEWSWIRE) — Suncor Energy Inc. (Suncor or the company) remains focused on maintaining the financial health and resiliency of the company. Consistent with its debt management and reduction strategy, Suncor announces the expected repayment of short-term commercial paper with the net proceeds … Read more
March 02, 2021 | Source: NuVista Energy Ltd. CALGARY, Alberta, March 02, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce reserves, financial and operating results for the three months and year ended December 31, 2020, and provide a number of updates which demonstrate continued successful advancement of our … Read more
By David Yager March 1, 2021 You can’t call it a boom yet but OMG – it is a huge improvement! Alberta is back in the natural gas business. Or at least climbing out a seven-year hole. The most significant but too often overlooked economic driver of Alberta’s prosperity has returned from the dead. Higher … Read more
(Reuters) – The chief executive of Brazil’s state-run oil company Petrobras, Roberto Castello Branco, said biofuels, especially those for the aviation industry, will be key for “de-carbonizing” transportation in coming years, a goal for energy transition. Brazil, a major corn and sugarcane producer and a country with a more diversified energy matrix than its neighbors, … Read more
CALGARY, AB, March 1, 2021 /CNW/ – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) reports that it has today formally terminated the purchase and sale agreement with the third-party purchaser for Journey’s recently commissioned 4.2 megawatt power plant and the associated Countess natural gas assets (collectively the “Countess Assets”). Journey has decided to terminate … Read more
CALGARY, AB, March 2, 2021 /PRNewswire/ – Waterous Energy Fund (“WEF“) and its subsidiary WEF Osum Acquisition Corp. (the “Offeror“) are pleased to announce that each of the conditions to the offer dated November 4, 2020, as amended, to acquire up to 57,000,000 common shares (“Osum Shares“) of Osum Oil Sands Corp. (“Osum“) at a price of $3.00 per share (the … Read more
By Reuters Staff LONDON (Reuters) – OPEC sees the oil market’s outlook as positive in general and the uncertainty that dominated last year is easing, the group’s secretary general said. “This is a major turnaround from a year ago,” Mohammad Barkindo was quoted as saying on Twitter on Tuesday. He added that positive global economic … Read more
By Saket Sundria and Alex Longley Mar 2, 2021 (Bloomberg) Oil held steady just days before many of the world’s largest producer nations meet to discuss how much crude they should supply in the coming months.Crude futures in New York were trading near $61 a barrel. OPEC and its allies will meet on Thursday to decide … Read more
Mar 2, 2021 (Bloomberg) OPEC’s crude production plunged last month as Saudi Arabia delivered extra cutbacks intended to clear the remnants of a global supply glut.Output from the group fell by 920,000 barrels a day — the biggest drop in eight months — to 24.87 million a day, according to a Bloomberg survey. As promised, the … Read more
March 01, 2021 | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, March 01, 2021 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) has commissioned a report by the International Reference Centre for … Read more
CALGARY, AB (March 1, 2021) – The Petroleum Services Association of Canada (PSAC) proudly held the first of three planned events for its 27th annual STARS & SPURS Gala Campaign, bringing total funds raised since its inception to more than $17 million for the Shock Trauma Air Rescue Society (STARS). This is the longest-running and largest fundraiser in Alberta. The Safe@Home … Read more
(Reuters) – International business travel is not expected to remain permanently depressed, though it will likely recover from the coronavirus pandemic at a slower rate than leisure travel, United Airlines Chief Executive Scott Kirby said on Monday during CERAWeek by IHS Markit. Business travel was a key area of growth for the airline industry prior … Read more
NEW YORK (Reuters) – Global energy leaders and other luminaries like Microsoft co-founder Bill Gates bored in on the tough road to transforming world economies to a lower-carbon future at the kickoff of the all-virtual CERAWeek conference on Monday. Within that, there was a notable bit of tension as some oil and gas executives asserted … Read more
By Reuters Staff NEW YORK (Reuters) – The energy industry is already starting to recover from one the worst years in recent history after the coronavirus pandemic roiled global markets, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday during CERAWeek by IHS Markit. “As you look at supply and demand equation, we’re seeing that … Read more
NEW YORK (Reuters) – Oil demand is expected to rise over the next decade and the fossil fuel will remain to be a crucial part of the energy mix, even as renewables draw increasing attention, Hess Corp Chief Executive John Hess said at CERAWeek on Monday. At the biggest gathering of top energy leaders, investors … Read more
By Geoffrey Cann For those interested in pursuing digital innovations in oil and gas, beware the ethical questions that lie just beneath the surface. Ethically driven digital is real. Ethics and Oil and Gas The study of ethics in oil and gas dates back at least 50 years. It has long been recognized that there … Read more
CALGARY, AB, March 1, 2021 /CNW/ – (TSX: ARX) (TSX: VII) ARC Resources Ltd. (“ARC”) and Seven Generations Energy Ltd. (“Seven Generations”) announced today that they have filed a joint management information circular (the “Circular”) dated March 1, 2021 and related meeting and proxy materials in connection with the proposed business combination (the “Business Combination”) to create the premier Montney producer and leader in … Read more
Calgary, AB, March 1, 2021 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today that the maturity date applicable to the Company’s credit facility has been extended to April 30, 2021 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before April 30, 2021. The … Read more
This innovative product is the result of TCI’s 22 Years of Clean Combustion experience, combined with an AER-compliant design. All of TCI’s waste gas incineration products are highly reliable, simple to set up, operate and maintain. Capable of efficiently combusting high and low pressure flows in one stack on a reduced ground footprint for a … Read more
WILMINGTON, Del. (Reuters) – TC Energy Corp and two former Columbia Pipeline Group Inc executives must defend against a lawsuit claiming the companies’ $10 billion merger in 2016 shortchanged Columbia investors, a Delaware judge ruled on Monday. Vice Chancellor Travis Laster of the Delaware Chancery Court refused to dismiss the lawsuit by former Columbia shareholders, … Read more
Mar 1, 2021 (Bloomberg) Oil rebounded from its biggest slump since November ahead of a key OPEC+ meeting that may see some supply returned to a fast-tightening market.Futures in New York rose above $62 a barrel. The alliance gathers on Thursday and is expected to loosen the taps after prices got off to their best … Read more
LONDON (Reuters) – OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found, ending a run of seven consecutive monthly increases. The 13-member Organization of the Petroleum Exporting Countries pumped 24.89 million barrels per day (bpd) in February, the … Read more
NEW YORK (Reuters) – Former U.S. Secretary of State Mike Pompeo took the stage at the world’s largest energy conference in 2019 to declare an age of U.S. dominance after a decade of rapid shale development made the United States the world’s top oil and gas producer. Two years later, the oil industry is recovering … Read more
February 26, 2021 | Source: TC Energy Corporation CALGARY, Alberta, Feb. 26, 2021 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and TC PipeLines, LP (NYSE:TCP) (TCP) announced that at the special meeting of TCP common unitholders held earlier today, TCP unitholders voted to approve the previously announced merger of TCP … Read more
CALGARY, Feb. 26, 2021 /CNW Telbec/ – Canadian Crude by rail exports fell by nearly 40 per cent in 2020, averaging 172,013 barrels per day (b/d), compared to 280,272 b/d in 2019, according to the Canada Energy Regulator (CER). While the OPEC+ price war played a role in the initial drop of oil production in 2020, the COVID-19 pandemic … Read more
Vicki Knott, CEO and Co-Founder of Crux OCM discusses automation in the control room, making assets more efficient and the role automation plays in reaching global climate targets. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com
The Matrice 300 RTK, paired with the top-of-the-line H20T thermal camera allows simultaneous recording of both regular and thermal video with its 4K / 30fps 200x max zoom sensor. This powerful combination allows Ranger Drone to complete industry-leading flight times with unprecedented quality, so we don’t miss a thing! The Matrice boasts a suite of … Read more
With environmental standards consistently increasing and the spotlight brighter than ever on the impact industry creates on the environment, Enviro-Pads designed a proactive solution to eliminate the destructive footprint left by cleaning and decontaminating equipment on matting, tarps, and dug out pits (see below photo). Enviro-Pads can be unloaded and set up in under 45 … Read more
With JIB integration from EnergyLink, OpenInvoice can now be a single source for invoice approvals, from land invoices to royalty statements. When an invoice is ready to be approved, an accountant can send it from EnergyLink to OpenInvoice via a seamless connection. Clients can now benefit from the automation capabilities in OpenInvoice including automatic routing, … Read more
Every day, you’re asking yourself the hard safety questions: “What is really critical?” “Am I safe enough? Is my team as safe we can be?” “How do I prioritize recommendations from the last risk assessment and keep costs under control?” “Should our safety strategy include something we’ve missed?” “How is everyone else keeping track of … Read more
Phoenix Industrial has an opening for an Assistant Controller to start immediately in the Nisku office. The Assistant Controller will assist the Corporate Controller by preparing statements that follow all regulatory and accounting guidelines under the supervision of the controller. The Assistant Controller will be responsible for identifying and preventing discrepancies and assisting with control … Read more
GDM Pipelines delivers new data and analytics for insight into ESG performance The past five years have brought unparalleled changes to the Canadian oil and gas industry. A global pandemic, downward pressure on oil prices, emission reductions in response to new climate change initiatives, and increasing scrutiny from investors are just a few of the … Read more
How unifying land management and GIS analytics across its subsidiaries led a major utility holding company to greater efficiency and the discovery of lost revenue. Identifying the Challenge A large utility holding company serving millions of electric and natural gas customers throughout eight U.S. states needed a solution to consolidate and optimize its land asset … Read more
In this jam-packed episode, Iggy talks about Tundra’s recent acquisition by Wajax, tips for business owners who are pursuing an acquisition of their own, and why he is so optimistic about Alberta’s future. Click here to listen to the full episode: https://bit.ly/3bzIxJC
Indigenous contracting firm partnering with Syncrude in effort to develop tech to safely return treated process water to Athabasca River By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Aerial view of Syncrude’s pilot to improve tailings reclamation in Alberta’s oil sands. Photograph courtesy Syncrude Nicole Bourque-Bouchier … Read more
By Vista Projects The project execution plan (PEP) is a critical part of any industrial project. The PEP describes the methods, processes, and procedures that will be used on the project. It provides the road map for the design development and strategies that the team will implement to achieve the project objectives. And not unlike … Read more
Canada’s drilling rig count is down 9 active drilling rigs according to data collected by Baker Hughes for the week ending February 26, 2021. From one week ago, Alberta rig counts decreased 9 to 102 and the Saskatchewan rig counts increased 1 to 36. Oil drilling decreased 8 to 92 and gas decreased 1 to … Read more
Feb 27, 2021 (Bloomberg) From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them.A crude glut that piled up during the pandemic is vanishing fast. Global inventories are plunging at the steepest rate in … Read more
‘Canadian oil helps keep the American economy humming and natural gas helps keep American homes warm’ By Mark Milke and Lennie Kaplan Getty Images photo It should be obvious that in a world where Russian President Vladimir Putin is widely assumed to be behind the August poisoning of that country’s opposition leader, Alexei Navalny, that perhaps liberal democracies should stick together.This should … Read more
CDN NEWS | 
US NEWS 
ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada