5 - 2021 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Petrofrontier Corp. Announces Filing of Q1 2021 Financial and Operating Results

May 31, 2021 by EnergyNow Media

Friday, May 28, 2021 CALGARY, AB / ACCESSWIRE / May 28, 2021 / PetroFrontier Corp. (“PetroFrontier” or the “Company“) (TSXV:PFC) announces that the Company’s First Quarter 2021 Financial Statements and Management’s Discussion and Analysis have been filed on SEDAR (www.sedar.com). About PetroFrontier PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays … Read more

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Cuda Oil and Gas Inc. Announces First Quarter Financial and Operating Results

May 31, 2021 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 28, 2021) – Cuda Oil and Gas Inc. (“Cuda” or the “Company“) (TSXV: CUDA) announces its financial and operational results for the first quarter ended March 31, 2021. Cuda’s unaudited interim condensed consolidated financial statements and management’s discussion and analysis (“MD&A“) as at and for the three months ended March … Read more

1 Million Jackpot Potential to be split between the Winner and STARS in the PSAC STARS and Spurs 50/50 Lottery: Ticket Details HERE:

May 31, 2021May 31, 2021 by EnergyNow Media

The second phase of the PSAC STARS and Spurs Gala campaign presented by Precision Drilling is now underway with 50/50 Tickets on sale at www.STARSandSpurs5050.ca. Get your tickets now to show your support for Shock Trauma Air Rescue Society (STARS). This year, the theme of the Stars and Spurs Gala Campaign is: “essential Canadian values” … Read more

Oil Exceeds $67 as Demand Outweighs Prospect of More OPEC+ Oil

May 31, 2021 by EnergyNow Media

May 31, 2021 (Bloomberg) Oil advanced ahead of an OPEC+ policy meeting as traders expect rising demand to absorb a planned production increase from the group as well as any additional crude from Iran.Futures in New York climbed past $67 a barrel, putting crude on track for a second straight monthly gain. OPEC and its allies … Read more

Trudeau’s EV Ambitions Need Strategic Shift & Leadership, Nickel CEO Says

May 31, 2021 by EnergyNow Media

May 31, 2021 (Bloomberg) Canada needs a better strategy to build up an electric-vehicle supply chain and become a North American battery hub that takes advantage of a global push toward cleaner energy.That’s the parting advice Sherritt International Corp.’s outgoing Chief Executive Officer David Pathe has for the Canadian government and an industry set to disrupt … Read more

Pieridae Energy hires MUFG as SocGen exits over emissions worries

May 31, 2021May 31, 2021 by EnergyNow Media

RIO DE JANEIRO/LONDON (Reuters) – Canada’s Pieridae Energy Ltd has hired Japanese lender MUFG Bank to help raise $10 billion for its proposed Goldboro liquefied natural gas (LNG) export plant in Nova Scotia, it told Reuters on Thursday. The decision to hire a new banker came after Societe Generale SA, its previous financial advisor, committed … Read more

Pulse Seismic Inc. Signs $17.0 Million Seismic Data Licensing Agreement

May 31, 2021 by EnergyNow Media

May 28, 20 CALGARY, Alberta, May 28, 2021 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce it has signed a $17.0 million seismic data licensing contract. On signing, the Company will immediately deliver a portion of the data and will recognize revenue of $7.3 million. The … Read more

Refining in Canada! Did You Know Eastern Canada Takes the Lead? – ENERGYminute

May 31, 2021May 31, 2021 by EnergyNow Media

Visit & Subscribe to ENERGYminute Alberta is often viewed as the center of the Canadian oil & gas industry. But in terms of the Canadian refining industry, the process of turning crude oil into its final products, Eastern Canada takes the lead. Canada ranks 11th in the world in refining capacity with 17 refineries and a … Read more

Engineered Building Solutions for Temporary and Permanent Jobsites

May 31, 2021 by EnergyNow Media

Cobra Structures has a long history of supplying and installing engineered portable shelters for both temporary and permanent jobsites. Their engineered fabric buildings are quick to install, even in remote areas. They take pride in thriving in these challenging environments, including northern community projects and mining camp setups. It’s why Cobra Structures has become the … Read more

CASE STUDY: PIPELINE READINESS USING DOGS TO FIND PIPELINE LEAKS AND MAINTAIN INTEGRITY

May 31, 2021 by EnergyNow Media

The system that we use is rather straight forward, we use dogs to find leaks in your pipelines and have been successfully doing so for over twenty- five years. Pipeline companies and pipeline service providers have used us successfully over the years and a few have not been successful due to any number of reasons … Read more

HOISTING OVERHEAD CRANES: Expert Solutions That Exceed Industry Standards.

May 31, 2021 by EnergyNow Media

Located in Alberta, servicing Canada, Hoisting safely delivers full-service overhead crane and material handling solutions with expertise, professionalism, and dedication to exceeding industry standards. OUR SERVICES: Using safety and precision as our guiding principles, we’ve earned a reputation for our ability to tackle any job. No matter how challenging the project, you can rely on … Read more

Q Test: Vessel Integrity Services

May 31, 2021 by EnergyNow Media

“Our mission is to provide innovative and cost effective regulatory compliance” Q Test Approach Q Test has the experience and competence to assist clients in all aspects of Pressure Vessel Integrity. Our pressure equipment integrity services are run by an ex‐ABSA Inspector with extensive industry operational experience. This combination allows us to create systems that … Read more

YOU’RE INVITED – JUNE 10: OIL & GAS TECH SUMMIT

May 31, 2021 by EnergyNow Media

Calgary, AB (May 27, 2021) – We’ve got something exciting coming up on June 10th, and no, we don’t mean national ballpoint pen day. On June 10th, 2021 Aimsio is co-hosting the very first Oil & Gas Services and Technology Summit. In partnership with Alberta Tech Forum, we’re excited to offer a half day Summit to those in … Read more

An Alliance Formed to Provide Strategic Logistics Solutions

May 31, 2021 by EnergyNow Media

Railserve, Inc. – A Marmon/Berkshire Hathaway Company Safe – Sustainable – Efficient – Switching and Material Handling Services. USD Group Delivering Energy Infrastructure Solutions As crude volumes begin to rise and available pipeline capacity remains constrained the North American crude market faces increasingly difficult challenges and logistic constraints. Railserve and USD Group (USDG) are looking … Read more

Clarification to May 21 story on ‘anti-Alberta’ inquiry researcher

May 31, 2021May 31, 2021 by The Canadian Press

EDMONTON — The Canadian Press has clarified a May 21 story on “anti-Alberta” inquiry researcher Vivian Krause.
An early version of the story did not include proper sourcing in headlines and the lead paragraph. The story said Krause had backed off an a…

Construction ramping up on LNG Canada – Deborah Jaremko

May 31, 2021May 31, 2021 by EnergyNow Media

Milestones set up project for important year Among other key activities, construction is now underway on the LNG tank at the LNG Canada marine export terminal in Kitimat, B.C. Photo courtesy LNG Canada Work activities are picking up on the first project that will allow Canadian natural gas to sell into growing Asian markets. With … Read more

Canada Weekly Rig Count Up 4 for Week Ending May 28, 2021

May 31, 2021May 31, 2021 by EnergyNow Media

Canada’s drilling rig count is up 4 active drilling rigs according to data collected by Baker Hughes for the week ending May 28, 2021. From one week ago, Alberta rig counts increased 1 to 37 and the Saskatchewan rig counts increased 3 to 13. Oil drilling increased 3 to 28 and gas increased 1 to … Read more

U.S. drillers add oil and gas rigs for a 10th month in a row – Baker Hughes

May 31, 2021May 31, 2021 by EnergyNow Media

U.S. energy firms added oil and natural gas rigs for a fifth week in a row, leading to a 10th monthly increase in May, as crude prices head to their highest since 2018. The oil and gas rig count, an early indicator of future output, rose two to 457 in the week to May 28, … Read more

Stark Contrast: Unlike IEA, Rystad Energy sees need for hundreds of new oilfields

May 29, 2021May 29, 2021 by EnergyNow Media

Reuters Thousands of new oil wells and hundreds of new oilfields will be needed to meet global demand even if it falls sharply towards the middle of the century, Oslo-based consultancy Rystad Energy said on Friday. Its analysis stands in sharp contrast to the conclusions of the International Energy Agency (IEA), which said last week … Read more

Highwood Oil Company Ltd. Announces First Quarter 2021 Results Along With Update on Industrial Metals and Mineral Permits

May 29, 2021 by EnergyNow Media

NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, May 28, 2021 /CNW/ – Highwood Oil Company Ltd., (“Highwood” or the “Company“) (TSXV: HOCL) is pleased to announce financial and operating results for the quarter ended March 31, 2021. The Company also announces that its unaudited financial statements and associated Management’s Discussion and Analysis (“MD&A“) for … Read more

Kinder Plans Trading Move to Become Even Bigger Force in Fuels

May 29, 2021May 29, 2021 by EnergyNow Media

FILE PHOTO: A tanker docks at Westridge Terminal, the loading area for Kinder Morgan's Trans Mountain pipeline in Burnaby, British Columbia, Canada in a May 10, 2013 file photo. Kinder Morgan Canada/Handout/File Photo via REUTERS

May 28, 2021 (Bloomberg) Kinder Morgan Inc., the pipeline giant that made almost $1 billion selling natural gas during the Texas freeze, now plans to also trade fuels like gasoline to squeeze more profits from its vast shipping and storage network. The company, which gets most of its revenue from pipeline and storage fees, will seek … Read more

ISA Calgary Show 2021: Call For Papers – Now Accepting Submissions

May 29, 2021May 29, 2021 by EnergyNow Media

Participate at North America’s Leading Automation, Instrumentation & Systems Event! Have you optimized or advanced a technology or solution in automation impacting sustainability, quality, cost, efficiency, or safety of assets? Submit your paper by Friday May 28, 2021. https://bit.ly/2RRpaWm

Prairie Storm Resources Corp. Announces Q1 2021 Result

May 28, 2021 by EnergyNow Media

CALGARY, AB, May 28, 2021 /CNW/ – Prairie Storm Resources Corp. (“Prairie Storm” or the “Company”) (TSXV: PSEC) is pleased to report its unaudited financial and operating results for the quarter ended March 31, 2021. The selected financial and operating information is outlined below and should be read in conjunction with Prairie Storm’s unaudited interim condensed consolidated financial statements and related … Read more

WATCH & SHARE: Fun & Reality – Canadian “Gem” Quick Dick McDick looks at Enbridge Line 5

May 28, 2021 by EnergyNow Media

Canadian Quick Dick McDick Takes a Humorous Look at the Line 5 Controversy

Oil Climbs With Stock Markets as Volatility Takes a Hit

May 28, 2021 by EnergyNow Media

May 28, 2021 (Bloomberg) Oil traded near the highest close in more than two years as optimism over burgeoning demand — particularly in the U.S. — outweighed concern that Iranian supplies will jump should sanctions on exports be lifted.West Texas Intermediate rose 1%, following positive sentiment across markets. Still, prices have been stuck in a $10 … Read more

Mark Carney called a ‘Davos elite’ as Pierre Poilievre goes on offensive at committee hearing

May 28, 2021 by EnergyNow Media

May 27, 2021 (Bloomberg)Mark Carney, the former central banker who is now head of impact investing at Brookfield Asset Management Inc., was badgered on everything from pipelines to human rights abuses in China during a Canadian parliamentary committee hearing.Thursday’s appearance, via video conference from his home in Ottawa, was Carney’s first taste of bare-knuckled Canadian … Read more

Analysis: Big oil may get more climate lawsuits after Shell ruling – lawyers, activists

May 28, 2021 by EnergyNow Media

A Dutch court’s decision to force Royal Dutch Shell (RDSa.L) to make deeper, faster cuts to its climate warming emissions on the basis of human rights could set a precedent, especially in European countries, according to lawyers and activists. The court on Wednesday ordered the Anglo-Dutch company to slash its global greenhouse gas emissions, which stood … Read more

The Little Engine That Could, and the Oil Giant That Couldn’t

May 28, 2021 by EnergyNow Media

Last December, when a week-old hedge fund named Engine No. 1 challenged Exxon Mobil to change its ways, laughter echoed through Wall Street circles, from the fund’s name that recalled a famous children’s book to its tiny, then-$40 million stake in what was once the world’s largest publicly traded company. Just six months later, the … Read more

Saturn Oil & Gas Inc. Closes First Tranche of Non-Brokered Private Placement

May 28, 2021 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 28, 2021) – Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) (“Saturn” or the “Company“) is pleased to announce that, further to the Company’s press releases dated May 13, 2021 and May 17, 2021, it has closed the first tranche (the “First Tranche Closing“) of its non-brokered private placement … Read more

Razor Energy Corp. Announces First Quarter 2021 Results

May 28, 2021 by EnergyNow Media

CALGARY, Alberta, May 28, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its first quarter 2021 financial and operating results. Selected financial, operational and reserves information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for … Read more

Altura Energy Announces First Quarter 2021 Financial and Operating Results

May 28, 2021 by EnergyNow Media

CALGARY, AB, May 27, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) is pleased to announce its financial and operating results for the three months ended March 31, 2021. The unaudited interim condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2021 are available on SEDAR at www.sedar.com and on … Read more

WATCH: Resource Development in Canada Under Attack Again? – Aaron Gunn

May 28, 2021 by EnergyNow Media

Is Bill C-15 from the Trudeau Government really about promoting Indigenous rights? Or is it just another legislative trojan horse designed to shut down Canadian resources?

Supreme Court refuses to hear Wilks appeal of ruling on Calfrac recapitalization

May 28, 2021May 28, 2021 by The Canadian Press

$Calfrac Logo Feature$

CALGARY — Calfrac Well Services Ltd. has won its legal battle with a Texas rival that mounted an unsuccessful takeover attempt after the Supreme Court of Canada declined to hear an appeal.
Wilks Brothers LLC wanted to appeal a decision from the Court …

Noia Implores Parties to Reach a Deal on Terra Nova FPSO Before June 15 Deadline

May 28, 2021May 28, 2021 by EnergyNow Media

(St. John’s, NL – May 27, 2021) During a recent call with investors, Suncor Energy CEO Mark Little commented on the future of the Terra Nova FPSO and efforts to confirm the Asset Life Extension project of the vessel. Mr. Little stated that a deadline to decide on the project has been set for June … Read more

Abandoned oil and gas wells will be cleaned up despite backlog: Alberta regulator

May 28, 2021May 28, 2021 by The Canadian Press

EDMONTON — The head of Alberta’s energy regulator says his agency has all the tools it needs to be able to clean up the province’s massive backlog of abandoned and inactive oil and gas wells.
And Laurie Pushor, now a year into his tenure at the helm o…

A Federally Subsidized Job Creation Plan? How About Unleashing Jobs with Natural Resource Development Instead! – Colin Craig

May 28, 2021May 28, 2021 by EnergyNow Media

Colin Craig Canada has a high unemployment rate and the federal government intends to “fix” it by borrowing billions of dollars, crossing its fingers and then spending the money with the hope of creating jobs for workers. However, taxpayers have seen this movie before in Canada. Insiders and friends of the government often receive many … Read more

Schachter’s Eye on Energy: Iran Nuclear Talks Making Progress In Vienna. If Successful Iran Could Raise Production By 1-2Mb/d By Year End

May 28, 2021May 28, 2021 by EnergyNow Media

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline & infrastructure companies with regular updates. We hold quarterly subscriber webinars and provide Action … Read more

Goldboro LNG builder Pieridae proposes carbon capture and power project in Alberta

May 28, 2021May 28, 2021 by The Canadian Press

CALGARY — The company behind a proposed liquefied natural gas export facility in Nova Scotia is planning a power plant and carbon capture facility at its central Alberta natural gas processing plant that will help offset its LNG project’s future carbo…

Trans Mountain pipeline begins construction of tunnel in Burnaby, B.C.

May 28, 2021May 27, 2021 by The Canadian Press

BURNABY, B.C. — Construction has begun on the 2.6-kilometre tunnel in Burnaby, B.C., for the Trans Mountain pipeline expansion project.
The company says in a news release the work on the tunnel connecting the Westridge Marine and Burnaby terminals be…

Canadian drilling contractor association changes name to reflect energy transition

May 27, 2021May 27, 2021 by The Canadian Press

CALGARY — A 72-year-old bastion of the Canadian oilpatch is changing its name and mandate in a sign of the times as the world reduces its use of fossil fuels in favour of cleaner, greener forms of energy.
The Canadian Association of Oilwell Drilling C…

Leucrotta Announces Q1 2021 Financial and Operating Results

May 27, 2021 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 27, 2021) – LEUCROTTA EXPLORATION INC. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2021. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Closed a bought-deal public financing issuing 45.2 million units of the Company (“Units”) … Read more

Shell’s Court Rebuke Marks the Start of a New War Against Big Oil

May 27, 2021 by EnergyNow Media

May 27, 2021 (Bloomberg) Climate lawyers are gearing up to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions on the grounds that the oil giant is violating human rights by contributing to global warming.“We are already supporting other organizations to set up similar cases in their countries,” said Donald Pols, director of … Read more

Oil Declines as Investors Await Outcome of Critical Iran Talks

May 27, 2021 by EnergyNow Media

May 27, 2021 (Bloomberg) Oil fell below $66 a barrel amid concern the market could encounter additional Iranian barrels if sanctions on the Persian Gulf producer are lifted.West Texas Intermediate futures declined, with prices having traded within a $10 a barrel range since March. Talks between Iran and world powers are underway in Vienna to revive … Read more

Pieridae Creating Caroline Carbon Capture Power Complex

May 27, 2021May 27, 2021 by EnergyNow Media

Carbon Capture & Sequestration, & Blue Power Complex Would Be the Biggest in Canada and One of the Largest in North America May 27, 2021 … Read more

NXT Energy Solutions Announces $1,000,000 HASCAP Loan

May 27, 2021 by EnergyNow Media

May 27, 2021 CALGARY, Alberta, May 27, 2021 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) is pleased to announce that it has been approved to participate in the Business Development Bank of Canada’s Highly Affected Sectors Credit Availability Program (“HASCAP Loan”). The HASCAP Loan is a $1,000,000 non-revolving … Read more

Commentary: Energy and Canada’s National Interest – Mark Milke

May 27, 2021May 27, 2021 by EnergyNow Media

No more than a sliver of Canada’s natural resources should ever be controlled by non-democracies By Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Saudi Arabia’s Crown Prince Mohammed bin Salman attends a meeting during the G20 Summit in Osaka on June 28, 2019. Getty Images photo … Read more

UNIVERSAL GEOMATICS SOLUTIONS ANNOUNCES NET-ZERO CARBON EMISSIONS FOR 2020 FLEET

May 27, 2021 by EnergyNow Media

As a capstone to the first year of its Environmental Sustainability Program (ESP), Universal Geomatics Solutions Corp. (UGS) is commissioning the planting of 2209 trees by Tree Canada in their National Greening Program to compensate for the emissions of its truck, ATV and snowmobile fleet, from January 1 to December 31, 2020. Canada is one … Read more

Phoenix Energy Services Celebrates 7-Year Anniversary

May 27, 2021 by EnergyNow Media

We are celebrating our 7-year anniversary! To commemorate this milestone, we wanted to share with you some interesting features about Phoenix that you might not know yet. We would like to take this opportunity to thank our employees and clients for their continued support and we look forward to many successful years ahead. Over the … Read more

MARKING SOLUTIONS: Wire marking or labeling at your plant, facility or industrial yard? Check out a comparison of these great industrial label printers here:

May 27, 2021May 27, 2021 by EnergyNow Media

The Epson LABELWORKS PX printer line was developed for creating industrial labels and wire markers faster, smarter, easier and better, all backed with a lifetime warranty. They are designed around a single cartridge style for compatibility across all printer models allowing you to quickly change between heat shrink tube labels, industrial adhesive labels, self-laminating wire wraps, … Read more

Shell ordered to deepen carbon cuts in landmark Dutch climate case

May 27, 2021May 27, 2021 by EnergyNow Media

Landmark ruling orders Shell to deepen CO2 cuts A Dutch court ordered Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts on Wednesday, in a landmark ruling that could trigger legal action against energy companies around the world. Shell said it was “disappointed” and plans to appeal the ruling, which comes amid rising … Read more

ESG-Linked Loans Grow in Canada as Regulator Takes on Climate

May 27, 2021May 27, 2021 by EnergyNow Media

May 25, 2021 (Bloomberg) Canadian lenders and borrowers are increasingly turning to sustainable-linked loans ahead of potential regulations from the banking supervisor to deal with climate change.The facilities, which adjust pricing according to the level of environmental, social or governance compliance, may reach C$20 billion ($16.6 billion) this year, said Jonathan Hackett, head of the sustainable financial … Read more

Alberta revives ‘turn-off-taps’ resources bill that sparked legal row with B.C.

May 27, 2021May 27, 2021 by The Canadian Press

EDMONTON — Alberta is reviving its so-called turn-off-the taps legislation, but with a few changes.
Environment Minister Jason Nixon says a proposed bill with revisions would be retroactive to May 1, when the previous act expired following a two-year …

Line 5 is Still Flowing – Time For Producers To Spend Some Money: David Yager

May 27, 2021May 27, 2021 by EnergyNow Media

By David Yager May 25, 2021 The last major excuse for Canada’s rejuvenated exploration and production companies to continue to protect their cash disappeared on May 12, 2021 when Enbridge did not stop shipping 540,000 b/d of oil and natural gas liquids through Line 5 to the US, Ontario and Quebec. The 2018 election campaign … Read more

Clearview Resources Ltd. Reports First Quarter 2021 Results

May 26, 2021 by EnergyNow Media

CALGARY, AB, May 26, 2021 /CNW/ – Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to announce its financial and operational results for the three months ended March 31, 2021. “The significant efforts and accomplishments of fiscal 2020 continued to bear fruit in the first quarter of 2021 as a rising price environment compounded the Company’s production optimization program,” commented Tony Angelidis, President … Read more

Briko Energy Corp. Announces First Quarter 2021 Financial and Operating Results

May 26, 2021 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 26, 2021) – Briko Energy Corp. (“Briko” or the “Corporation”) is pleased to report its financial and operating results for the three months ended March 31, 2021. Financial and operational information is set out below and should be read in conjunction with Briko’s March 31, 2021 condensed unaudited interim financial statements … Read more

Eliminate Waste Gas Safely with the Emission Rx Combustor

May 26, 2021May 26, 2021 by EnergyNow Media

For companies looking to affordably reduce emissions and eliminate nuisance gases, EnviroVault is proud to be the exclusive distributor of Emission Rx Combustors. CUSTOMER INPUT Wes Lysack, EnviroVault’s business development representative, is focused on customer input. “We’ve listened to the concerns of operators” says Lysack. “They told us that the ideal combustor would be safe … Read more

Suncor Energy aims for net-zero emission target by 2050

May 26, 2021May 26, 2021 by EnergyNow Media

CALGARY — Suncor Energy Inc. has become the latest major oil company to commit to achieving net zero carbon emissions by 2050. The new goal is an upgrade from its current program adopted in 2015 to reduce emissions intensity from upstream operations by 30 per cent by 2030, and matches the 2050 target set by … Read more

Oil Extends Loss With Investors Assessing Iran Supply Prospects

May 26, 2021 by EnergyNow Media

May 26, 2021 (Bloomberg) Oil’s decline accelerated as investors assessed prospects for more crude supply flowing from Iran. West Texas Intermediate futures slumped as much as 1.2% as a stronger dollar reduced the appeal of commodities priced in the currency. World powers are conducting talks to revive a nuclear agreement with Iran that could pave the way for … Read more

Distinction Energy Corp. Files First Quarter 2021 Results

May 26, 2021 by EnergyNow Media

May 25, 2021 CALGARY, Alberta, May 25, 2021 (GLOBE NEWSWIRE) — Distinction Energy Corp. (“Distinction” or the “Company”) announces that it has filed its first quarter financial statements and related management’s discussion and analysis for the three months ended March 31, 2021 with the Canadian securities regulatory authorities on SEDAR. About Distinction Energy Corp. Distinction is an oil and natural … Read more

Suncor Energy’s updated corporate strategy increases shareholder returns and accelerates reductions in GHG emissions with an objective to be net-zero by 2050

May 26, 2021May 26, 2021 by EnergyNow Media

May 26, 2021 All financial figures are in Canadian dollars, unless noted otherwise CALGARY, Alberta, May 26, 2021 (GLOBE NEWSWIRE) — In alignment with its Purpose to provide trusted energy that enhances people’s lives while caring for each other and the earth, Suncor today will share its updated strategy focused on increasing shareholder returns and … Read more

Fracking likely to create stronger, more common earthquakes in B. C: study

May 26, 2021May 26, 2021 by The Canadian Press

Fracking Frenzy Shifts to Thrift as Canadian Producers Take a Step Back

More damaging earthquakes can be expected more often in northern British Columbia as fracking oil and gas wells increases pressure underground, says newly published research.
“It makes earthquakes more common and it makes larger ones more common,” sai…

XI Technologies: Open Asset Evaluation for May 2021

May 26, 2021 by EnergyNow Media

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

Piping and Instrument Diagrams (P&IDs): Part 2—Causes and Management of Change

May 26, 2021 by EnergyNow Media

By Bharat (Bob) Shah Part 1 of this article, which appeared in the April issue of Hydrocarbon Processing, discussed the inception of piping and instrumentation diagrams (P&IDs), their development and maturity, and the challenges in between. The causes, scheduling and limitations of changes to P&IDs, and the Management of Change (MoC) process will be discussed … Read more

WATCH: Global Energy Show 5×5 – Interview with Rhona DelFrari, Chief Sustainability Officer, Cenovus

May 26, 2021 by EnergyNow Media

Rhona DelFrari, Chief Sustainability Officer & Senior Vice President, Stakeholder Engagement at Cenovus discusses moving through the energy transition, Cenovus’ net-zero emissions ambition by 2050 and how sustainability decisions are imbedded in the company’s decision making. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or see more interviews at anchor.fm/globalenergyshow

Check the condition of all your risers in real time and more using Cenozon’s FIND

May 26, 2021 by EnergyNow Media

Are you shocked to hear that a lot of departments don’t even have software to help manage their day to day tasks, and that conventional paper filing is still their go-to method? Managing a vast inventory of assets, distributed across thousands of kilometers, is a challenge most pipeline operators face – and it is extremely … Read more

Canadian crude-by-rail exports bounce back in March as pipeline capacity limited

May 26, 2021May 26, 2021 by The Canadian Press

CALGARY — The Canada Energy Regulator says Canadian crude-by-rail exports bounced back in March due to better oil production amid limited export pipeline capacity for heavy oil.
It says exports rose 57 per cent to reach 175,580 barrels per day after 1…

What is ESG? Article 1 of 6 looking into the ESG revolution – Deidra Garyk

May 26, 2021May 26, 2021 by EnergyNow Media

by Deidra Garyk – Article 1 of 6 The evolution of sustainable reporting to the explosion of ESG The global investment community is abuzz with new jargon such as “sustainability”, “socially responsible investing”, and “ESG”. If you aren’t familiar with these terms, now is the time to learn what they mean. “Climate emergency” was Oxford … Read more

WATCH: Federal MP Pierre Poilievre Talks To National Coalition of Chiefs About Important Resource Projects

May 26, 2021May 26, 2021 by EnergyNow Media

National Coalition of Chiefs President, Dale Swampy talks about the coalition of 80 chiefs eliminating on-reserve poverty through resource projects. Let’s get the #Gatekeepers in Ottawa out of the way, and let it happen.

U.S. confirms charges against Chad officials in Griffiths Energy corruption case

May 25, 2021May 25, 2021 by The Canadian Press

CALGARY — A decade-old corruption case involving a Canadian junior oil company that bribed officials in Chad to try to gain access to oil plays in the north-central African nation is making news again.
The U.S. Department of Justice has unsealed an in…

Oil Drops With Prospect of Iran Deal Weighed Against Demand

May 25, 2021 by EnergyNow Media

May 25, 2021 (Bloomberg) Oil snapped two days of gains as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand.West Texas Intermediate futures dropped below $66 a barrel Tuesday after climbing more than 6% in the previous two sessions. Talks between Iran and world powers will continue in Vienna … Read more

Get Ready for Big Political Fights Over Carbon Accounting

May 25, 2021 by EnergyNow Media

May 25, 2021 (Bloomberg) We’ve learned a number of new terms over the course of the pandemic: R number, variants, herd immunity, mRNA and so on. These concepts are often foreign and complicated, but they help both policymakers and the person on the street make sense of the crisis. When faced with an existential challenge, we all … Read more

Factbox: IEA’s urgent fossil fuel warning earns mixed reception from world producers

May 25, 2021 by EnergyNow Media

A stark appeal by the world’s top energy body to stop investment in new fossil fuel projects by next year has met a mixed reception from the world’s top producers – from guarded praise and pledges to cut back on coal to outright defiance. The International Energy Agency said in its “Net Zero by 2050” … Read more

Goldman sees oil hitting $80/bbl despite likely return of Iran supply

May 25, 2021May 25, 2021 by EnergyNow Media

Goldman Sachs said it expects oil prices to climb to $80 per barrel in the fourth quarter of this year, arguing that the market has underestimated a rebound in demand even with a possible resumption in Iranian supply. “The case for higher oil prices therefore remains intact given the large vaccine-driven increase in demand in … Read more

Hyundai raises hydrogen game as new trucks roll into Europe

May 25, 2021May 25, 2021 by EnergyNow Media

South Korea’s Hyundai Motor (005380.KS) plans to ship a new series of fuel-cell trucks to Europe later this year, turning up the heat on rivals in a battle to test the viability of hydrogen-powered heavy goods transport. A new class of the Xcient Hyundai truck, equipped with more efficient fuel cells with longer life-span, is due … Read more

Column: U.S. gasoline consumption nears pre-pandemic level

May 24, 2021 by EnergyNow Media

John Kemp U.S. traffic volumes have almost returned to pre-pandemic levels, helping normalise gasoline consumption as more businesses re-open, domestic leisure travel resumes and workers return to offices. The volume of traffic on all roads was down by less than 4% in March compared with the same month two years ago, according to the Federal … Read more

Oil Rallies Toward $65 With Iran Deal in Focus

May 24, 2021 by EnergyNow Media

May 24, 2021 (Bloomberg) Oil climbed above $64 a barrel as Iran said gaps remain between the parties looking to return to the 2015 nuclear deal.West Texas Intermediate was 2% higher, after rising on Friday. Iran said there are still differences around the timing of when parties will return to compliance with the original nuclear agreement. … Read more

Indigenous businesses see major growth in the oil sands

May 24, 2021May 24, 2021 by EnergyNow Media

‘Producers want to work with them because they are good at what they do, not just because they are Aboriginal’ By Geoff Geddes Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Crystal Young is CEO of McKay Metis Group of Companies. Photo supplied for the Canadian Energy Centre Indigenous-owned … Read more

ICBA Energy Member Feature – Crocodile Products

May 24, 2021 by EnergyNow Media

Bamboo Access Mats: A green alternative to traditional products. As the focus on environmental responsibility in all areas of our lives continues to grow, participants in the energy and construction sector in Canada are continually looking for ways to meet and exceed the standards imposed by society, governments, and resource developers. One of the more … Read more

FREE WEBINAR – Confidence in Your Measurements: Gas Analysis

May 24, 2021 by EnergyNow Media

When it comes to process safety for protecting people, the environment and assets, only the best equipment will do. This is particularly true for gas measurement in industrial processes. Extractive oxygen measurement systems often play a major role in keeping manufacturing processes safe and maintaining inert conditions in any given situation. As a result, they … Read more

Save Up to 43% on Compressed Air System Capital Costs

May 24, 2021May 24, 2021 by EnergyNow Media

What is the ‘Hold-Up’ In Considering Pneumatic Hold-Up Time in Your Facility? What is “Hold-Up Time”? In Pneumatic power systems, “hold up time” is the length of a time a compressed air supply can continue to meet downstream pressure demands after the failure of the upstream compressors – ie: With zero system input. Compressed air … Read more

TRANSLOADING GREEN FUEL SOLUTIONS

May 24, 2021 by EnergyNow Media

A discussion with Sky Eye Measurement’s Operations Manager, Kevin Quilichini, on moving green fuel. With an ever-increasing demand for green fuel and commitment towards sustainability from producers worldwide, we reflect on Sky Eye’s role in the distribution of sustainable fuel. Original Post: www.skyeye.ca/transloading-green-fuel-solutions Q. What are the different types of green fuel options? Where do … Read more

Technology and the art of modern O&G maintenance

May 24, 2021 by EnergyNow Media

Modernizing how maintenance is managed and conducted can be a quick win for energy companies looking to become more efficient. Though mobile-connected solutions have become more common in the oilfield, many firms still haven’t made the switch. Fears about costs, downtime, employee hardship and technology acceptance make up the typical rationale. But moving to a … Read more

Osperity now offers visual detection of FUGITIVE GAS EMISSIONS through its intelligent visual monitoring platform

May 24, 2021 by EnergyNow Media

Osperity has entered a partnership with Viper Imaging, a market leader in optical gas imaging, to deliver fugitive emission detection, reporting and alerting through its intelligent visual monitoring platform. Read the full Press Release.

It’s time to control your entire project portfolio in a single user-friendly platform like Matidor.com

May 24, 2021 by EnergyNow Media

Does your team have to use more than one platform to track expenses and project details from multiple sites? Do you spend days collecting information from different consultants at different locations to create month-end reports? It’s time to control your entire project portfolio in a single user-friendly platform like Matidor.com. Matidor.com is a one-stop shop … Read more

Solar Storms Are Back, Threatening Power Grids and Satellites

May 24, 2021 by EnergyNow Media

(Bloomberg) A few days ago, millions of tons of super-heated gas shot off from the surface of the sun and hurtled 90 million miles toward Earth. The eruption, called a coronal mass ejection, wasn’t particularly powerful on the space-weather scale, but when it hit the Earth’s magnetic field it triggered the strongest geomagnetic storm seen for … Read more

Solar Power’s Decade of Falling Costs Is Thrown Into Reverse

May 24, 2021 by EnergyNow Media

May 23, 2021 (Bloomberg) A key selling point that made solar energy the fastest-growing power source in the world—rapidly decreasing costs—has hit a speed bump.Solar module prices have risen 18% since the start of the year after falling by 90% over the previous decade. The reversal, fueled by a quadrupling in the cost of the key … Read more

May 24, 2021 is Tax Freedom Day But There’s No Reason to Celebrate – Fraser Institute

May 24, 2021May 24, 2021 by EnergyNow Media

In 2021, the average Canadian family will earn $124,659 in income and pay an estimated $48,757 in total taxes (39.1%). If the average Canadian family had to pay its taxes up front, it would have worked until May 23 to pay the total tax bill imposed on it by all three levels of government (federal, … Read more

Oil-Sands Producer CNRL Reports Two Deaths Amid Covid Outbreak

May 23, 2021 by EnergyNow Media

May 21, 2021 (Bloomberg)Canada’s oil sands continue to reel from one of the nations’ biggest outbreaks of Covid-19, with Canadian Natural Resources Ltd. reporting two more worker deaths. The two individuals, one who worked at the Horizon upgrader site and the other at the Albian oil sands mine, passed away from complications related to Covid-19, … Read more

Commentary: Comparing oil and gas extraction in slump years to the automotive and aerospace sectors

May 23, 2021May 23, 2021 by EnergyNow Media

Oil and gas extraction is seven times the size of the aerospace sector By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter It’s hard for anyone but mathematicians and economists to conceptualize numbers that start with “b” as in “billions.” To get around that problem, and … Read more

Taxpayers Federation Holds Trudeau and O’Toole Accountable for Carbon Tax Dishonesty

May 23, 2021May 23, 2021 by EnergyNow Media

Thursday, May 20, 2021 Taxpayers Federation holds Trudeau and O’Toole accountable for carbon tax dishonesty CALGARY, AB: The Canadian Taxpayers Federation highlighted broken carbon-tax promises from both Prime Minister Justin Trudeau and Opposition Leader Erin O’Toole at a media event to release the 23rd annual Gas Tax Honesty Day report. “Politicians owe taxpayers the truth and the … Read more

Canada Weekly Rig Count Down 1 for Week Ending May 21, 2021

May 23, 2021May 23, 2021 by EnergyNow Media

Canada’s drilling rig count is down 1 active drilling rigs according to data collected by Baker Hughes for the week ending May 21, 2021. From one week ago, Alberta rig counts decreased 3 to 36 and the Saskatchewan rig counts increased 2 to 10. Oil drilling stayed at 25 and gas decreased 1 to 33.

Fueling Canada’s economy: Comparing the oil and gas extraction sector to the automotive and aerospace sectors

May 23, 2021May 22, 2021 by EnergyNow Media

Oil and gas extraction’s share of Canada’s nominal GDP is three times larger than the auto sector, seven times more than aerospace By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Exterior pictures of Bombardier’s Global 7000 business jets at Bombardier’s plant in Downsview. Getty Images … Read more

Gas Pain: Bursting gas bubble leaves hierarchy of pain

May 21, 2021 by EnergyNow Media

A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen Natural gas’ status as the acceptable face of hydrocarbons has suffered a grievous blow. Until recently the biggest players – energy majors like Royal Dutch Shell (RDSa.L), or Total (TOTF.PA) and states like Qatar … Read more

Barclays says oil demand ‘healing’ even as COVID rages across Asia

May 21, 2021 by EnergyNow Media

A gradual oil demand recovery is largely on track as economies re-open, British bank Barclays said on Friday, adding that it remained constructive on oil prices despite rising coronavirus cases across Asia and potential return of Iranian supplies. It cut demand estimates for the Emerging Markets Asia (ex-China) region, flagging the risk of further downside … Read more

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

May 21, 2021 by EnergyNow Media

By Scott DiSavino May 21 (Reuters) – U.S. energy firms added oil and natural gas rigs for a fourth week in a row as higher oil prices prompt some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose two to 455 in the week to … Read more

K.C. Southern Agrees to $30 Billion CN Rail Deal, Jilting CP

May 21, 2021 by EnergyNow Media

May 21, 2021 (Bloomberg) Kansas City Southern agreed to a $30 billion merger with Canadian National Railway Co., scrapping a $25 billion deal with Canadian Pacific Railway Ltd. after it declined to boost its offer.Under the deal, Canadian National will pay $200 and 1.129 shares of its stock for each share of Kansas City Southern, the … Read more

OPEC says IEA net-zero pathway could add to oil-price volatility

May 21, 2021 by EnergyNow Media

OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero … Read more

Oil Advances to Pare Weekly Drop Amid Prospect of Iran Deal

May 21, 2021 by EnergyNow Media

May 21, 2021 (Bloomberg) Brent crude headed for its biggest weekly drop since March as a potential end to yearslong sanctions raised the prospects of Iran ramping up supplies. Futures in London rose above $66 a barrel on Friday, but they remained on track for an almost 4% weekly decline. Benchmark prices climbed with a wider … Read more

Cordy Oilfield Services Inc. Reports First Quarter Results

May 21, 2021 by EnergyNow Media

May 20, 2021 CALGARY, Alberta, May 20, 2021 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released today its first quarter results. ANALYSIS OF CONSOLIDATED RESULTS OF OPERATIONS Three months ended March 31, ($ 000’s) 2021 2020 ($) Change Revenue Environmental Services 6,461 7,490 (1,029 ) … Read more

Study finds abandoned oil and gas wells place unfair burden on landowners, taxpayers

May 21, 2021May 21, 2021 by The Canadian Press

CALGARY — A report from the University of Calgary says the costs of Alberta’s growing stock of abandoned and inactive oil and gas wells are falling unfairly on landowners and taxpayers.
Braeden Larson of the university’s School of Public Policy says t…

Inquiry into funding of Alberta oil and gas critics granted fourth extension

May 21, 2021May 21, 2021 by The Canadian Press

EDMONTON — Alberta’s inquiry into the funding of oil and gas industry critics is getting another deadline extension.
Premier Jason Kenney, saying inquiry head Steve Allan needs more time to complete his report. announced the delay on Facebook on Tuesd…

Energy transition clouds oil-gas outlook despite post-pandemic boost -Woodmac

May 21, 2021May 21, 2021 by EnergyNow Media

Global energy transition is creating uncertainty for an estimated $14 trillion worth of oil and gas assets that have long depended on an indefinite rise in demand to offset risks despite a pandemic boost this year, consultancy Wood Mackenzie said on Thursday. As the world recovers from the COVID-19 pandemic, oil and gas demand is … Read more

First Nations group criticizes Woodside Petroleum’s move to sell Kitimat LNG stake

May 21, 2021May 21, 2021 by The Canadian Press

VANCOUVER — A British Columbia First Nations coalition says it’s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development.
Woodside Petroleum Ltd., an Australian company, says…

Schachter’s Eye on Energy: Stock Market Weakness Due To Inflation Fears And Slowing Economic Growth (Stagflation) Drags WTI Prices Down 5% On Wednesday.

May 21, 2021May 21, 2021 by EnergyNow Media

Oil Slumps With Iran Optimistic on Sanctions Relief

May 20, 2021 by EnergyNow Media

May 20, 2021 (Bloomberg) Brent crude extended declines after Iran’s president said the broad outline of a deal to end sanctions on its oil had been reached.Futures in London lost 1.8%, after slumping 3% on Wednesday. President Hassan Rouhani struck an optimistic tone in comments released by Iranian state television, saying the deal would see oil, shipping, insurance … Read more

Nord Stream 2: The difficult birth of Russia’s gas link to Germany

May 20, 2021 by EnergyNow Media

Reuters U.S. President Joe Biden on Wednesday waived sanctions on the company behind Russia’s Nord Stream 2 gas pipeline to Germany and its chief executive. A bill passed during Donald Trump’s presidency imposed sanctions on companies involved with the nearly-completed pipeline to bring Russian gas into Europe via Germany, undermining previous gas transits via Ukraine. read … Read more

Oil Slumps With Iran Optimistic on Sanctions Relief

May 20, 2021 by EnergyNow Media

May 20, 2021 (Bloomberg) Brent crude extended declines after Iran’s president said the broad outline of a deal to end sanctions on its oil had been reached. Futures in London lost 1.8%, after slumping 3% on Wednesday. President Hassan Rouhani struck an optimistic tone in comments released by Iranian state television, saying the deal would see oil, shipping, … Read more

King of LNG Undercuts Rivals to Keep Dominating World Market

May 20, 2021 by EnergyNow Media

May 20, 2021 (Bloomberg) The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market.Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new plants elsewhere. … Read more

U.S. Calls Effort to Halt Nord Stream 2 Pipeline a Long Shot

May 20, 2021 by EnergyNow Media

Nord Stream 2 - Committed, Reliable, Safe

May 20, 2021 (Bloomberg) The Biden administration said stopping Nord Stream 2 is a long shot now that the gas pipeline from Russia to Germany is more than 90% complete, a shift in tone that came as the U.S. held off on sanctioning the company overseeing its construction.In a report to Congress on Wednesday, the State … Read more

Large Methane Cloud Detected Over Prolific Duvernay Gas Basin

May 20, 2021 by EnergyNow Media

May 20, 2021 (Bloomberg) A cloud of methane was detected by satellite over a natural gas field in Canada, identifying a hidden source of pollution from one of North America’s most prolific production basins. The emissions rate was estimated at 79 metric tons an hour on April 20, according to geospatial analytics company Kayrros SAS, which found the plume by analyzing … Read more

NextEra Is Blocking a Major New Clean Power Transmission Project from Quebec

May 20, 2021 by EnergyNow Media

May 20, 2021 (Bloomberg) A major new transmission line intended to pipe carbon-free hydropower from Canada into the U.S. Northeast has met a powerful opponent: the world’s largest provider of renewable energy. The 145-mile (233-kilometer), nearly $1 billion transmission line, known as New England Clean Energy Connect, broke ground in February after nearly three years of review … Read more

Ovintiv Closes Eagle Ford Asset Sale and Announces Early Redemption of Outstanding Notes

May 20, 2021 by EnergyNow Media

Highlights: Closed previously announced Eagle Ford asset sale Issued notice to fully redeem outstanding 2022 notes in June of 2021 Announced intention to fully redeem outstanding 2021 notes at par in mid-August DENVER, May 19, 2021 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today closed its previously announced Eagle Ford asset sale. The proceeds from this sale, combined with … Read more

Hemisphere Energy Announces 2021 First Quarter Financial and Operating Results

May 20, 2021 by EnergyNow Media

Vancouver, British Columbia–(Newsfile Corp. – May 19, 2021) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to provide its financial and operating results for the first quarter ended March 31, 2021. The first quarter of 2021 yielded excellent results for Hemisphere. Production averaged 9% higher than the fourth quarter, as wells started … Read more

Talks between Enbridge, Michigan to continue over Line 5 standoff, mediator says

May 20, 2021May 20, 2021 by The Canadian Press

WASHINGTON — The mediator in the dispute between Enbridge Inc. and the state of Michigan over the controversial Line 5 pipeline says the two sides plan to keep talking. Retired U.S. district court judge Gerald Rosen, who was appointed in March to over…

Containment During Plant Maintenance and Turnarounds

May 20, 2021May 20, 2021 by EnergyNow Media

Portable Wash Pads are a proactive solution for steam cleaning, high pressure washing, and servicing of equipment. Enviro-Pads provides containment of used wash water and contaminated waste allowing for easy clean out and disposal in an environmentally approved manner. Wash Pads are portable and reusable, eliminating ground and surface water contamination. With various platform dimensions … Read more

WANTED: Trial Candidate Well for Geomechanical Properties Log and “new” Rock Brittleness Index (BRIX)

May 20, 2021May 20, 2021 by EnergyNow Media

Are you curious if your geometric completion is missing some of your reservoir sweet spots? Is your reservoir as homogeneous as you think it is? Rocsol are looking for a Montney (or other unconventional play) well to analyze. There is no charge for the service, just work with us using your drilling data. In return … Read more

Clean Carbon Equity Inc. and Semerra Ltd. are proud to announce that they have offset CO2 emissions from all Semerra equipment and vehicles. This is commitment to a clean environment & long term sustainability.

May 20, 2021May 20, 2021 by EnergyNow Media

CCE supports clean energy projects around the world, assists customers with reducing their Green House Gas footprint and provides a resource to assist in reducing emissions to support Canada’s plan of Net Zero emissions by 2050. Calgary, Alberta May18, 2021- This multi year agreement is one of many Clean Carbon Equity Inc. will see in … Read more

Intrepid Group signs a Sales Representative Agreement with Watchmen Instrumented Safety Experts Ltd. to promote its Emergency Protection Systems Engineering services to industries in British Columbia, Alberta, Saskatchewan and Manitoba.

May 20, 2021May 20, 2021 by EnergyNow Media

Calgary, Alberta, May, 2021 – Intrepid Group Ltd., a Western Canadian organization head-quartered in Calgary, Alberta has concluded a Sales Representative Agreement with Calgary based Watchmen Instrumented Safety Experts to promote its Emergency Protection Systems Engineering services. This strategic collaboration leverages the strong industry experience and market reach of both organizations and is designed to … Read more

U.S. EPA to keep biofuel mandates steady in 2021-22 due to coronavirus -sources

May 20, 2021May 20, 2021 by EnergyNow Media

The U.S. Environmental Protection Agency’s biofuel blending mandates for this year and next are likely to be in line with those of 2020 as the agency accounts for weaker fuel demand since the onset of the coronavirus pandemic, three sources familiar with the matter said. That would spare the U.S. refining industry the added costs … Read more

An Open Letter to PM Trudeau: My Urgent Request to NOT Implement “UNDRIP” (Bill C-15) – Deidra Garyk

May 20, 2021May 20, 2021 by EnergyNow Media

May 18, 2021 Office of the Prime Minister 80 Wellington Street Ottawa, ON K1A 0A2 [email protected] Dear Right Honourable Prime Minister Trudeau, I am writing you with an urgent request to reconsider the implementation of Bill C-15, An Act respecting the United Nations Declaration on the Rights of Indigenous Peoples (“UNDRIP”, “Bill C-15”, or “Act”). … Read more

Pandemic linked to 15% drop in fossil fuel use in 2020: energy regulator

May 19, 2021 by The Canadian Press

CALGARY — The Canada Energy Regulator says pandemic lockdowns and travel restrictions that kept Canadians close to home in 2020 resulted in overall consumption of refined petroleum products dropping by about 15 per cent compared to the previous year.I…

Nord Stream 2 sanctions waivers could aid Russia-U.S. ties, Moscow says

May 19, 2021 by EnergyNow Media

Russian officials on Wednesday said Moscow’s fraught ties with Washington could benefit from the waiving of U.S. sanctions on the company in charge of the Nord Stream 2 pipeline, after a report said the Biden administration was set to lift them. Commenting on a report by U.S. news website Axios, Kremlin spokesman Dmitry Peskov said … Read more

Asia snubs IEA’s call to stop new fossil fuel investments

May 19, 2021 by EnergyNow Media

Asian energy officials on Wednesday disputed the International Energy Agency’s (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow. The IEA, which has previously championed the oil and gas industry, this week outlined a … Read more

Oil Slides Toward $64 as Inflation, Iran Talks Weigh on Market

May 19, 2021 by EnergyNow Media

May 19, 2021 (Bloomberg) Oil fell for a second day amid a spate of weakness in wider markets and as traders tracked talks between world powers on a revival of the Iran nuclear deal. West Texas Intermediate for June delivery tumbled almost 2%, while global benchmark Brent — which topped $70 a barrel briefly on Tuesday … Read more

WANTED: Candidate Well for New Hydraulic Stimulation Process in an Unconventional Field

May 19, 2021 by EnergyNow Media

Terralog Technologies Inc. has developed an innovative stimulation process for unconventional reservoirs (tight, stiff oil/gas reservoirs) – called the Slow and Easy stimulation process. The S&E stimulation process provides more sustainable production from unconventional wells/formations, at a fraction of the stimulation cost of conventional fracturing processes, and with none of the environmental side-effects. Are you … Read more

XI Technologies: Pembina Overview

May 19, 2021 by EnergyNow Media

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. XI has covered the Montney play in March and the Duvernay in April. Today, … Read more

Hydraulic Cylinder Failure: 7 Common Causes

May 19, 2021 by EnergyNow Media

Hydraulic cylinders are the often-overlooked workhorses that provide functionality to a wide range of industrial equipment and mechanical applications. Manufactured for performance in the most demanding environments, they routinely last for years. But despite the inherent power and functionality, hydraulic cylinders still require regular maintenance. When performed regularly, maintenance can be quick with little downtime. … Read more

The Pandell Leadership Series Presents: The Gap Between Rhetoric & Reality – Creating A Pragmatic Vision of a Clean Energy Future, Thursday June 3, 2021

May 19, 2021 by EnergyNow Media

Thursday June 3, 2021 | 2:00pm – 3:00pm CDT The Gap Between Rhetoric & Reality: Creating A Pragmatic Vision of a Clean Energy Future Presented by Suzanne Ogle, CEO of Southern Gas Association In our polarized world, it is easy for conversations to get stuck. And when it comes to energy and the environment, conflicting … Read more

Having trouble with your SCADA connectivity? Epscan can give you a Pathloss study to determine what changes can be made to improve your signal strength.

May 19, 2021 by EnergyNow Media

At Epscan we understand that successful project completion, without exception, involves overcoming diverse technical and management challenges. To effectively control the safety, cost, schedule and quality of your projects, you need a full-service provider who brings comprehensive management systems, experienced personnel and highly targeted skill sets. That’s where Epscan comes in. First and foremost, our … Read more

Improve Your Availability with A RAM Study – BECHT

May 19, 2021May 19, 2021 by EnergyNow Media

By LaKeshia Taylor In our industry, most companies are continuously managing risk, efficiency, and production interruptions that may have resulted in millions of dollars lost. To mitigate these unplanned events and improve productivity, improvement projects executed, employee training is conducted and equipment strategies are implemented. Reliable equipment that is 100% available and ready when needed … Read more

WATCH: Global Energy Show 5×5 – Interview with Neil Ethier, Senior Business Development, Eavor

May 19, 2021May 19, 2021 by EnergyNow Media

Neil Ethier, Senior Business Development at Eavor Technologies Inc. discusses a solution capable of disrupting the electricity market, repurposing oil and gas assets for geothermal projects and working with the Alberta Government to develop Bill 36 (the Geothermal Resource Development Act). To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or see … Read more

For LNG developers, Another Year of Cancelled Projects

May 19, 2021May 19, 2021 by EnergyNow Media

Cranes work in the water at the Kitimat LNG site near Kitimat, in northwestern British Columbia on April 13, 2014. REUTERS/Julie Gordon/File Photo This week’s decision by Australia’s Woodside Petroleum Ltd (WPL.AX) to pull out of a big Canadian liquefied natural gas (LNG) project was the latest blow to a sector that has been heralded for its … Read more

Commentary: The Greatest Energy Technology of all Time – Alex Epstein

May 19, 2021May 19, 2021 by EnergyNow Media

by Alex Epstein More from Alex Epstein For energy to be useful, it must be cheap, plentiful, and reliable, and to be cheap, plentiful, and reliable, every element of the process to create energy must also be cheap, plentiful, and reliable. We see how this can be difficult to achieve with some alternative energy sources, … Read more

A Matter of Fact: IEA Net Zero Pathway Unrealistic & Reckless

May 19, 2021May 19, 2021 by EnergyNow Media

Vision of complete global energy transformation includes several implausible outcomes By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Bhadla Solar Park in India is one of the largest solar farms in the world, with capacity of approximately 2.25 GW. Under the IEA’s new net-zero pathway, the … Read more

Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover

May 19, 2021May 19, 2021 by The Canadian Press

CALGARY — Cenovus Energy Inc. is selling an Alberta production royalty interest to Topaz Energy Corp. for $102 million, the first step in a plan to sell non-core assets to retire debt in the wake of its takeover of Husky Energy Inc. early this year.
C…

Topaz Energy Corp. Announces Strategic Acquisitions of Royalty and Infrastructure Assets in NEBC Montney and Marten Hills Clearwater, 5% Dividend Increase and Bought Deal Equity Financing

May 19, 2021May 19, 2021 by EnergyNow Media

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, May 18, 2021 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce that in furtherance of its growth strategy of acquiring low-risk, premium growth royalty interests complemented by stable infrastructure revenue to generate free cash flow(1) growth, … Read more

Tourmaline Completes Further Consolidation of NEBC Montney Assets, Positioning the Company For Higher Free Cash Flow in 2022 and the Revised Five-Year Plan

May 19, 2021May 19, 2021 by EnergyNow Media

CALGARY, AB, May 18, 2021 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to announce the completion of a further consolidation of NEBC Montney Assets and a guidance update. NORTH MONTNEY OVERVIEW Tourmaline continues to expand its position in the greater North Montney play area, a strategy that began in late 2016 with the acquisition of the … Read more

Advantage Announces Name Change to Advantage Energy Ltd.

May 19, 2021May 19, 2021 by EnergyNow Media

(TSX: AAV) CALGARY, AB, May 18, 2021 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to announce that its name has changed from “Advantage Oil & Gas Ltd.” to “Advantage Energy Ltd.”, as approved by its shareholders on May 6, 2021. The common shares of Advantage Energy Ltd. will continue to trade on the Toronto Stock Exchange … Read more

Canadian producers cut Colombian oil output as protesters block transport routes

May 18, 2021May 18, 2021 by The Canadian Press

CALGARY — Two Canadian oil and gas companies say they’ve been forced to reduce production in Colombia as protests that have resulted in 42 deaths continue in the South American country.Both Parex Resources Inc. and Gran Tierra Energy Inc. say blockade…

Canadian environmentalists happy with International Energy Agency report

May 18, 2021May 18, 2021 by The Canadian Press

Canadian environmentalists are welcoming a report from the International Energy Agency that says new fossil fuel investment must end if the world is to meet its climate goals.
The report, released this morning, says there is a narrow but viable pathwa…

Woodside Petroleum looks to sell its 50 per cent stake in Kitimat LNG project

May 18, 2021May 18, 2021 by The Canadian Press

VANCOUVER — Woodside Petroleum Ltd. says it plans sell its 50 per cent stake in the proposed Kitimat LNG development in British Columbia.
The Australian company says the plan includes the divestment or wind-up and restoration of assets, leases and agr…

Shell shareholders increase pressure for further climate action

May 18, 2021 by EnergyNow Media

Royal Dutch Shell (RDSa.L) shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change. A non-binding resolution submitted by Shell with the support of a large group of investors to vote on its recently unveiled … Read more

The World’s Top Energy Agency Reckons With Net-Zero Emissions

May 18, 2021 by EnergyNow Media

May 18, 2021 (Bloomberg) Ours is a global society accustomed to eternal debate and marginal change distributed over many years. But it won’t do in the era of climate change.That’s the message of the International Energy Agency’s “Net Zero by 2050” report. The energy transition, the historically staid body says, is an all-hands-on-deck crisis that “hinges … Read more

Biden to Visit Michigan Ford Plant in Push for Electric Cars

May 18, 2021 by EnergyNow Media

May 18, 2021 (Bloomberg) President Joe Biden’s visit to a Ford Motor Co. plant in Michigan on Tuesday will highlight the potential and peril of electric vehicles as the White House looks to build support for its $174 billion proposal to transform the automobile industry even as a global chip shortage hinders production.Biden will get a … Read more

Brent Crude Tops $70 With Bullish Demand Outlook Spurring Rally

May 18, 2021 by EnergyNow Media

May 18, 2021 (Bloomberg) Brent oil topped $70 a barrel with optimism building about the demand outlook in key regions such as the U.S., and on signs that a glut built up last year has been whittled away.The global benchmark added as much as 1.1% reaching its highest since March 8, while U.S. crude futures briefly … Read more

The Comeback Kids: Oilsands firms expected to spur $60 billion in cash flow over two years

May 18, 2021May 18, 2021 by The Canadian Press

CALGARY — A group of five large Canadian oilsands companies are expected to generate about $60 billion in net cash flow over the next two years and spend only half of it on dividends and capital expenditures, leaving the rest for debt repayment and sh…

Gran Tierra Energy Inc. Provides Update on Impact of Colombian National Protests and Blockades

May 18, 2021 by EnergyNow Media

May 17, 2021 CALGARY, Alberta, May 17, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced an update on the impact of the ongoing national protests in Colombia on the Company’s operations. All production volumes are unaudited and on a working interest before royalties (“WI”) basis and are … Read more

We Need Energy Assets To Be Built Better – Geoffrey Cann

May 18, 2021May 18, 2021 by EnergyNow Media

By Geoffrey Cann The world is at the start of a golden age of energy infrastructure development. It is time bring all aspects of the energy asset build life cycle into the digital era by adopting the digital tools that have transformed so many other sectors. Energy Infrastructure Growth The looming investment in energy infrastructure … Read more

Parex Provides Production Update Related to Colombian Blockades

May 18, 2021 by EnergyNow Media

May 17, 2021 CALGARY, Alberta, May 17, 2021 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is a company headquartered in Calgary that focuses on sustainable, profitable, conventional oil and gas production. Production Guidance Revised Due to Transportation Blockades A series of protests across Colombia during May 2021 have resulted in transportation … Read more

Commodities Send Loonie Soaring, Creating Quandary for Canada

May 18, 2021May 18, 2021 by EnergyNow Media

May 17, 2021 (Bloomberg) The broad rally in raw materials that’s lifted prices for crops, energy and metals is a bonanza for Canada’s economy and a major challenge for the nation’s policy makers, who are under pressure to ensure that everybody benefits.Should the commodities boom hold, it would represent a windfall for the resource-rich nation endowed … Read more

Whitecap Resources shares rise on dividend bump, buyback renewal, acquisition close

May 18, 2021May 18, 2021 by The Canadian Press

CALGARY — Shares in oilpatch consolidator Whitecap Resources Inc. are on the rise after it closed its acquisition of Kicking Horse Oil & Gas earlier than expected and raised its dividend by eight per cent.
The Calgary-based company says outstanding pr…

Whitecap Resources Inc. Demonstrates Continued Operational Momentum And Increases Dividend 8%

May 17, 2021 by EnergyNow Media

CALGARY, AB, May 17, 2021 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that it has successfully closed the previously announced acquisition of Kicking Horse Oil & Gas Ltd. (“Kicking Horse”). Whitecap acquired all of the issued and outstanding common shares of Kicking Horse for consideration consisting of 34.5 million Whitecap common … Read more

Oil Steady Near $65 as Investors Weigh Near-Term Demand Outlook

May 17, 2021 by EnergyNow Media

May 17, 2021 (Bloomberg) Oil was steady as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia.Futures in New York traded near $65 a barrel while Brent was just under $69 in London. Chinese refiners have churned through record volumes of crude so far this … Read more

Comment: Anti-Pipeline Reports Fuelled by False Premises – Cody Ciona

May 17, 2021May 17, 2021 by EnergyNow Media

Another month and another “expert” report calling for fewer pipelines. Attacks on pipelines have become so routine we only notice the most outrageous ones. A recent report from academics at Simon Fraser University calling for stopping the Trans Mountain pipeline expansion fits that category – it is fuelled by false premises and ignores how free markets and … Read more

Parkland advances growth strategy with two International transactions

May 17, 2021 by EnergyNow Media

May 17, 2021 CALGARY, Alberta, May 17, 2021 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, “our”, or “the Company”) (TSX:PKI) is pleased to announce, through its 75 percent ownership in Sol Investments SEZC (“Sol”), two transactions in our International business (the “International transactions”) which provide additional scale in the Caribbean and strengthen our position as … Read more

EM Signal Start to Finish Grady County Oklahoma – EvoOne Unified Telemetry

May 17, 2021 by EnergyNow Media

CHALLENGE Decode EM telemetry through entire well in area that has traditionally been difficult to decode, due to the salt, anhydrite and limestone formations above the lower meramec target zone. SOLUTION EvoOne Unified Telemetry was deployed to overcome formation related issues that prevent other EM tools from successful deployments in this area. OUTCOME Finished well … Read more

What is the ‘Hold-Up’ In Considering Pneumatic Hold-Up Time in Your Facility?

May 18, 2021May 17, 2021 by EnergyNow Media

Up to 43% Savings in Compressed Air System Capital Costs What is “Hold-Up Time”? In Pneumatic power systems, “hold up time” is the length of a time a compressed air supply can continue to meet downstream pressure demands after the failure of the upstream compressors – ie: With zero system input. Compressed air is used … Read more

PROVINCE TO PARTNER WITH XPLORNET TO IMPROVE CONNECTIVITY TO HUNDREDS OF RURAL, REMOTE AND INDIGENOUS COMMUNITIES THROUGHOUT MANITOBA

May 17, 2021 by EnergyNow Media

Protecting Manitobans, Advancing Manitoba by Improving Broadband and Cellular Service in Communities and Along Transportation Corridors: Pallister, Helwer Following a competitive tendering process, the Manitoba government has signed a memorandum of understanding with Xplornet Communications Inc. to connect more than 125,000 unserved or underserved Manitobans to reliable, high-speed internet services, Premier Brian Pallister and Central … Read more

Transform orphaned data into assets

May 17, 2021 by EnergyNow Media

The oil and gas industry has been struggling with making stranded field data available to corporate applications for several years. With an MQTT-enabled system, SCADA bandwidth reductions can free-up space to liberate stranded data. Streamline Control is working with a large Canadian midstream oil company to migrate their serial SCADA communications infrastructure to MQTT middleware. This migration … Read more

ICBA Named 2021 North American Trade Association of the Year

May 17, 2021 by EnergyNow Media

The Independent Contractors and Businesses Association (ICBA) has won the Reed Award as the 2021 North American Trade Association of the Year. “Winning the North American Trade Association of the Year award is another indicator of the exceptional team we have at ICBA and all the hard work they do supporting our members in the area of group … Read more

EXCHANGE AND UPGRADE YOUR GAS DETECTION FLEET – TURN THE DEVICES YOU HAVE INTO THE ONES YOU WANT.

May 17, 2021 by EnergyNow Media

Needing to update your gas detection fleet with the latest technology? Fully standardize with the only direct-to-cloud safety monitoring and gas detection solution within a single, easy-to-use and understand ecosystem. Plus, if you turn in your old devices, thanks to Blackline Safety’s new REFRESH program we will apply a rebate towards your purchase – a better way to part … Read more

STARTS TOMORROW: The Alberta Energy Efficiency Alliance’s annual Alberta Energy Efficiency Summit takes place May 18-19, 2021.

May 17, 2021May 17, 2021 by EnergyNow Media

Over two days, you will hear from federal and provincial ministers, learn from 30 industry experts, gather new insights and network with your industry peers. The engaging program offers keynote addresses and sessions including: Shifting Landscapes, Perspectives from Outside Alberta, Engaging Conversations, Program Showcase, Municipal Leadership, Catalyzing Ideas and Transformative Thinking. The Alberta Energy Efficiency … Read more

Osperity’s OMNI is an all-in-one solution that helps companies in the energy industry manage their remote locations & assets safely and more efficiently. Includes hardware and AI-Driven analytics for exception-based alerting.

May 17, 2021 by EnergyNow Media

OMNI solution empowers organizations to remotely monitor and inspect industrial sites & assets with visual AI-driven event detection and exception-based alerting. Remote and distributed locations are time consuming and costly to monitor. Osperity removes these challenges by enabling organizations to visually inspect and monitor their remote locations from anywhere with any connected device. Capitalize on … Read more

A Simple Solution for Complex Capital Projects – Roy O. Christensen

May 17, 2021 by EnergyNow Media

Companies know capital projects often cost more and take longer than expected[1]. These problems are recognized industry-wide and significant. An increasing number of projects are delivered behind schedule, beyond the cost estimate, and fail to meet expectations[2]. Unbelievably, 98% of megaprojects suffer cost overruns and 77% are late[3]! Every project is at risk for budget … Read more

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

May 17, 2021May 17, 2021 by EnergyNow Media

Reuters May 14, 2021 U.S. energy firms added oil and natural gas rigs for a third week in a row as higher crude prices prompt some drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output, rose five to 453 in the week to May 14, its highest … Read more

Canada Weekly Rig Count Up 4 for Week Ending May 14, 2021

May 17, 2021May 17, 2021 by EnergyNow Media

Canada’s drilling rig count is up 4 active drilling rigs according to data collected by Baker Hughes for the week ending May 14, 2021. From one week ago, Alberta rig counts increased 1 to 39 and the Saskatchewan rig counts increased 3 to 8. Oil drilling increased 3 to 25 and gas increased 1 to … Read more

Canadian Energy Update – Federal MP Greg McLean & Natural Resources Shadow Minister

May 17, 2021May 17, 2021 by EnergyNow Media

As Natural Resources Shadow Minister, my last few weeks have been heavily occupied with the Line 5 issue. Background: Line 5 has been transporting Alberta oil to refineries in Sarnia since 1953, where it is refined for use in Ontario and Quebec. It also connects with other refineries in Michigan, Ohio and Pennsylvania. In fact, Line … Read more

Why would you protest Trans Mountain insurance?

May 17, 2021May 17, 2021 by EnergyNow Media

Published by Canadian Energy News Network Anti-pipeline activists fighting against Trans Mountain have been attempting to drive another wedge in the project’s timeline by protesting their insurers. Just the other week they targeted AIG in an attempted de-marketing campaign because they are one of the major insurers of the pipeline. AIG, unfortunately, is also not … Read more

Alberta Victory: Judge Dismisses Attempt to Quash ‘Anti-Alberta’ Oil Activities Inquiry

May 17, 2021May 17, 2021 by EnergyNow Media

May 14, 2021 CALGARY — A judge has dismissed an attempt to quash the United Conservative government’s inquiry into whether foreign groups have conspired against Alberta’s oil industry.Court of Queen’s Bench Justice Karen Horner says the environmental law firm Ecojustice failed to prove the inquiry was called to intimidate charities that have raised concerns about … Read more

Methane-capturing biogas projects in Canada reach 279, says association report

May 17, 2021May 17, 2021 by The Canadian Press

CALGARY — Thanks to a decade of rapid growth, there are 279 facilities across Canada creating biogas from methane emitted by agricultural waste, landfills, green bin programs and municipal wastewater treatment facilities.
Those are the findings in a r…

Canadian biogas experiences decade of rapid growth, with signs of steeper growth in the 2020s

May 14, 2021 by EnergyNow Media

OTTAWA, May 14, 2021 /CNW/ – Canadian biogas experienced a decade of rapid growth from 2011 to 2020, with an almost 50% jump in operating biogas projects across the country. That’s the key takeaway from the Canadian 2020 Biogas Market Report just released by the Canadian Biogas Association that provides a comprehensive analysis of trends in the production and use of … Read more

Oil Rises With Dollar Declining But Virus Worries Linger

May 14, 2021 by EnergyNow Media

May 14, 2021 (Bloomberg) Oil climbed above $64 a barrel in New York, aided by a recovery in equities and a softer dollar.West Texas Intermediate increased 0.9%, reversing some of Thursday’s slump as the dollar’s drop makes commodities priced in the currency more attractive. Prices are still headed for a weekly fall with the spread of Covid-19 in … Read more

Ransom Paid: Paying Cyber Ransoms Sets a Bad Precedent But Happens Often

May 14, 2021 by EnergyNow Media

May 14, 2021 (Bloomberg) The U.S. government’s fight to choke off ransom payments collected by hackers hit a major snag Thursday, following news that Colonial Pipeline Co. paid a hefty sum to hackers who for several days this week effectively shut down the country’s largest fuel pipeline and created gas shortages along the East Coast.The decision … Read more

Macklem Says Further Loonie Gains Could Be Economic Headwind

May 14, 2021May 14, 2021 by EnergyNow Media

May 13, 2021 (Bloomberg) The Bank of Canada is closely monitoring recent gains in the nation’s currency, to ensure the appreciation doesn’t create headwinds for the nation’s economic outlook, according to the central bank’s head. At a press conference Thursday, Governor Tiff Macklem said the recent appreciation reflects in part higher commodity prices, which are good … Read more

Cardinal Energy Ltd. Announces First Quarter 2021 Financial Results and Increased 2021 Budget

May 14, 2021 by EnergyNow Media

May 13, 2021 CALGARY, Alberta, May 13, 2021 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce its operating and financial results for the first quarter ended March 31, 2021. Selected financial and operating information is shown below and should be read in conjunction with Cardinal’s unaudited condensed … Read more

Schachter’s Eye on Energy: Colonial Pipeline Ransomeware Attack Lifts WTI Crude Prices Despite Increase In US Production And Weaker Demand.

May 14, 2021May 14, 2021 by EnergyNow Media

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy and energy service companies with regular updates. We hold quarterly subscriber webinars (next one May 13th) and provide … Read more

Commentary: America (and Canada) Need Pipelines — Who Knew?

May 14, 2021May 14, 2021 by EnergyNow Media

‘The ransomware attack against Colonial Pipelines showed how critical pipelines are to the American economy’ By Mark Milke and Lennie Kaplan A sign warns consumers on the availability of gasoline at a RaceTrac gas station on May 11, 2021, in Smyrna, Georgia. A ransomware attack on Colonial Pipeline forced the company to shut down its entire network. Getty … Read more

High Arctic Announces 2021 First Quarter Financial and Operating Results

May 14, 2021 by EnergyNow Media

May 13, 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, May 13, 2021 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its first … Read more

Judge Expected to Rule on Public Inquiry Into Funding of Anti-Alberta Energy Campaigns

May 14, 2021May 14, 2021 by The Canadian Press

A judge is expected to rule this morning on a challenge of the United Conservative government’s inquiry into whether foreign groups have conspired against Alberta’s oil industry.
The environmental law firm Ecojustice alleges the Public Inquiry Into Fu…

Pieridae moves closer to June decision on Nova Scotia LNG export plant

May 14, 2021May 14, 2021 by EnergyNow Media

May 13 (Reuters) – Canadian energy company Pieridae Energy Ltd said on Thursday it still expects to make a final investment decision by June 30 on its proposed Goldboro liquefied natural gas (LNG) export plant in Nova Scotia. That would allow the $10 billion project to produce its first LNG in 2025-2026. Pieridae is one … Read more

Saturn Oil & Gas Inc. Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan

May 13, 2021 by EnergyNow Media

Saturn expects to be debt-free in 24 months based on production forecasts, capital budget, hedging levels and current forward pricing Mission is to continue to be an acquirer of accretive assets in Western Canada Acquisition builds on Saturn’s existing environmental, social and governance (“ESG”) performance, while supplying responsibly-produced ethical Canadian crude oil to service global … Read more

Surge Energy Inc. Announces Completion of Upsized Bought Deal Flow-Through Financing; Extension of First Lien Credit Facilities Into the Second Half of 2022; Preliminary 2022 Guidance

May 13, 2021 by EnergyNow Media

CALGARY, AB, May 13, 2021 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce it has closed the previously announced bought deal public offering (the “Offering”) of flow-through common shares (“Flow-Through Shares”). Surge is also pleased to announce that its first lien credit facilities have been extended through to July 1, 2022. Additionally, … Read more

Trican Well Service posts positive profit on modest oilfield activity rebound

May 13, 2021 by The Canadian Press

CALGARY — Trican Well Service Ltd. is reporting positive first-quarter earnings as a modest rise in oilfield activity allowed revenue to recover from the previous quarter but not to the level it reached in the first three month of 2020.The Calgary-bas…

Renewables evolution or revolution? Pace of tech investments will decide

May 13, 2021 by EnergyNow Media

An aerial view shows power-generating windmill turbines in a wind farm in Graincourt-les-Havrincourt, France, April 27, 2020. Picture taken with a drone REUTERS/Pascal Rossignol/File Photo Global investment in energy transition technologies needs to more than double over the next few decades to significantly reduce the cost of renewables, which are set to provide around 60% … Read more

As the Oil Glut Drains, So Does Confidence About Demand Rebound – Julian Lee

May 13, 2021 by EnergyNow Media

By Julian Lee May 12, 2021 (Bloomberg) Excess oil inventories built up during the Covid-19 pandemic have been drained almost completely with demand picking up as vaccine programs are rolled out across the U.S. and Europe, helping to boost road traffic. But notes of caution remain in the latest reports from the world’s major oil forecasting agencies.The International Energy Agency, the … Read more

Oil Falls as Inflation Hits Sentiment and Colonial Pipe Restarts

May 13, 2021 by EnergyNow Media

May 13, 2021 (Bloomberg) Oil snapped a four-day gain as markets broadly retreated on inflation concerns and a key U.S. fuel pipeline restarted.West Texas Intermediate lost 2.1%, while Brent retreated too. China’s Premier Li Keqiang urged the country to deal effectively with the commodity price surge and its impact, according to a state television report, echoing … Read more

Colonial Restarts After Cyberattack But Fuel Curbs to Linger

May 13, 2021 by EnergyNow Media

May 13, 2021 (Bloomberg) -The largest gasoline pipeline in the U.S. is returning to service following a cyberattack that took the fuel artery offline for five days, offering hope that fuel shortages in several states will soon come to an end. Colonial Pipeline Co., operator of a conduit that handles more fuel than Germany consumes, … Read more

Petrus Resources Announces First Quarter 2021 Financial & Operating Results

May 13, 2021 by EnergyNow Media

May 13, 2021 CALGARY, Alberta, May 13, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2021. Petrus is focused on generating free cash flow for debt repayment and further development of its … Read more

Pieridae Releases Q1 2021 Results

May 13, 2021 by EnergyNow Media

Company Achieves Highest-Ever Quarterly Natural Gas Production May 13, 2021 NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES Key Highlights: Natural gas production of 215 mmcf/day in Q1 2021, the highest quarterly production in our Company’s history Production of 43,997 boe/day, an increase of 7% compared to the same quarter … Read more

Vaccines, oil prices and Husky takeover boost Cenovus outlook, says CEO Alex Pourbaix

May 13, 2021May 13, 2021 by The Canadian Press

CALGARY — The CEO of Cenovus Energy Inc. says he’s optimistic that his oil and gas company’s second consecutive online annual shareholders meeting webcast on Wednesday will be its last.
Alex Pourbaix says the global rollout of vaccines to counteract t…

Cybersecurity experts say Canadian businesses can learn from U.S. pipeline attack

May 13, 2021May 13, 2021 by The Canadian Press

TORONTO — Canada’s two largest pipeline companies say they have taken a proactive approach to avoid the type of cyberattack that has disrupted gasoline supplies in the U.S. Southeast and contributed to higher retail gasoline prices across North Ameri…

NOW ON! PSAC is a Proud Supporter of STARS Through the PSAC STARS & Spurs 50/50 Raffle

May 13, 2021May 13, 2021 by EnergyNow Media

One lucky Albertan will win a minimum of $200K CALGARY, AB (May 12, 2021) – The Petroleum Services Association of Canada (PSAC) is proud to continue our partnership with the Shock Trauma Air Rescue Service (STARS) by supporting the promotion of the PSAC STARS & Spurs 50/50 raffle, presented by Precision Drilling. This raffle, launched on May 10, 2021, has … Read more

Natural gas straddle plant designed to reduce oilsands emissions with cleaner fuel

May 13, 2021May 13, 2021 by The Canadian Press

CALGARY — In the latest project designed to green the oilsands industry, Wolf Midstream says it will build a facility to strip petroleum liquids from natural gas used in operations near Fort McMurray, Alta., leaving a purer fuel that will burn with fe…

Vertex Resource Group Ltd. reports first quarter 2021 results

May 13, 2021 by EnergyNow Media

Revenue of $32.9 million and Adjusted EBITDA of $4.7 million for the first quarter of 2021. SHERWOOD PARK, AB, May 12, 2021 /CNW/ – (TSXV: VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the first quarter ending March 31, 2021. The following should be read in conjunction with the Management Discussion and Analysis (“MD&A”) and … Read more

Headwater Exploration Inc. Announces First Quarter 2021 Financial Results and Increased Guidance

May 13, 2021 by EnergyNow Media

CALGARY, AB, May 12, 2021 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce increased guidance and its operating and financial results for the three months ended March 31, 2021. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim condensed financial statements and the related management’s discussion and … Read more

Birchcliff Energy Ltd. Announces Q1 2021 Financial and Operational Results and Increases Its 2021 Production, Adjusted Funds Flow and Free Funds Flow Guidance

May 13, 2021 by EnergyNow Media

May 12, 2021 CALGARY, Alberta, May 12, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is proud to announce its strong financial and operational results for the three months ended March 31, 2021. Birchcliff is also pleased to announce that it is maintaining its 2021 F&D capital expenditures guidance and … Read more

Capstone Infrastructure Corporation Reports First Quarter Results and Declares a Quarterly Dividend

May 13, 2021 by EnergyNow Media

May 12, 2021 TORONTO, May 12, 2021 (GLOBE NEWSWIRE) — Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the “Corporation” or “Capstone”) today announced and filed its financial results for the first quarter ended March 31, 2021. The Corporation’s Management’s Discussion and Analysis (“MD&A”) for the first quarter 2021 and unaudited interim consolidated financial statements are available at www.capstoneinfrastructure.com … Read more

Peyto Posts Strong Q1 2021 Profits

May 13, 2021 by EnergyNow Media

May 12, 2021 CALGARY, Alberta, May 12, 2021 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the first quarter of the 2021 fiscal year. A 67% Operating Margin (1) and a 22% Profit Margin (2) in the quarter delivered a 4% Return on Capital and … Read more

STEP Energy Services Ltd. Reports First Quarter 2021 Results

May 13, 2021 by EnergyNow Media

May 12, 2021 CALGARY, Alberta, May 12, 2021 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three months ended March 31, 2021. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and unaudited condensed … Read more

Three State Chambers, US And Canadian Chambers Unite: Line 5 Essential To Great Lakes Region’s Energy And Economic Security, Submit Legal Arguments In Federal Court

May 13, 2021May 13, 2021 by EnergyNow Media

Unprecedented alliance of regional and national business leaders express concern for Great Lakes region’s economy in response to Governor Whitmer’s plan to unilateral shut down Line 5. LANSING, Mich., May 12, 2021 /PRNewswire/ — The Michigan and Ohio Chambers of Commerce, Wisconsin Manufacturers and Commerce, and both United State and Canadian Chambers of Commerce today joined forces to protect … Read more

$5.8 Billion: A Michigan-Canada Energy Snapshot – Lennie Kaplan and Mark Milke

May 13, 2021May 13, 2021 by EnergyNow Media

Enbridge’s Line 5 pipeline part of strong historic energy trade relationship between Canada and Michigan By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Mackinac Bridge straddles the Straits of Mackinac connecting Michigan’s upper and lower peninsulas. Getty Images photo Download the PDF here Download the … Read more

COMING NEXT WEEK! Get Registered! FREE to Attend – 2022 Peace Region Energy Show – May 18-19, 2022: Details Here

May 18, 2022May 12, 2021 by EnergyNow Media

EXPERIENCE THE SHOW FREE REGISTRATION for visitors! CLICK HERE The Peace Region Energy Show continues the legacy of the Peace Region Petroleum Show which took place biennially from 1995 to 2019. The Show offers hundreds of booths inside and outside the TARA Centre at Evergreen Park in the County of Grande Prairie. The Show remains a … Read more

Enbridge federal court case receives broad support from government, business and labor from Michigan, Canada, and throughout the region

May 12, 2021 by EnergyNow Media

NEWS PROVIDED BY Enbridge Inc. May 12, 2021 CALGARY, AB and LANSING, Mich., May 12, 2021 /CNW/ – The Government of Canada and entities representing hundreds of thousands of businesses and workers from across the Great Lakes region in the United States and Canada demonstrated support for Enbridge’s case in federal court over the Line … Read more

Business leaders in Michigan, Ohio, Wisconsin urge court to keep Line 5 operating

May 12, 2021May 12, 2021 by The Canadian Press

WASHINGTON — Political “brinksmanship” in Michigan risks allowing Enbridge Inc. to abandon plans for a $500-million tunnel that would protect an ecologically sensitive Great Lakes waterway from the controversial Line 5 pipeline, business leaders warne…

Irresponsible Politics: Line 5 shutdown threatens thousands of jobs in Canada, U.S. – Deborah Jaremko

May 12, 2021 by EnergyNow Media

Planned replacement tunnel expected to create jobs and provide safety certainty By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Artist’s rendering of $500-million Line 5 tunnel project proposed by Enbridge to protect the pipeline under the Great Lakes. Photograph courtesy Enbridge New estimates raise the number … Read more

ARRON GUNN: Watch: Ellis Ross on “White Guilt”, Pipeline Protesters and Political Correctness

May 12, 2021 by EnergyNow Media

For too long, media and activists in our society have painted First Nations with the same paternalistic brush – especially when it comes to the development of our resources. The reality, in many cases, couldn’t be further from the truth. Thank you Ellis Ross for the insightful chat! SUBSCRIBE: https://www.youtube.com/aarongunnbc JOIN THE FIGHT: https://aarongunn.ca/join/ SUPPORT … Read more

Enbridge vows to keep pipeline open, girds for legal fight with Michigan

May 12, 2021May 12, 2021 by EnergyNow Media

Reuters May 11, 2021 CALGARY — Canadian pipeline company Enbridge Inc is squaring off for a legal battle with Michigan and courting protests from environmental groups, betting it can ignore the U.S. state’s Wednesday deadline to shut its oil pipeline that runs under the Straits of Mackinac.“We will not stop operating the pipeline unless we … Read more

IEA Says Oil Glut Gone Even as Demand Forecast Cut on India

May 12, 2021 by EnergyNow Media

May 12, 2021 (Bloomberg) The International Energy Agency said the supply glut created by the global pandemic has cleared, even as demand suffers a blow from a resurgence of the virus in India.Surplus oil inventories in developed nations are now just a small fraction of the levels seen when demand collapsed last year, with output cuts … Read more

Hot Corner of ESG Investing Is Cooling Fast and Losing Cash

May 12, 2021 by EnergyNow Media

May 12, 2021 (Bloomberg) After a stellar 2020, the record-breaking boom in clean-energy funds is rapidly giving way to a bust.Investors are yanking cash from the sector at the fastest pace in a year, while two of the biggest exchange-traded funds tracking the industry — the iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF … Read more

World Oil Nears $70 With IEA Positive on Stockpiles, Pipe Still Shut

May 12, 2021 by EnergyNow Media

May 12, 2021 (Bloomberg) Oil rose toward $70 a barrel in London after the International Energy Agency said a record glut built up last year is gone, while the shutdown of a key U.S. pipeline sent gasoline prices soaring.Brent futures added 1.2% in a fourth day of gains. The IEA cut its oil demand forecasts in … Read more

Pipestone Energy Corp. Reports Record First Quarter 2021 Results and Provides an Operations Update

May 12, 2021 by EnergyNow Media

May 12, 2021 CALGARY, Alberta, May 12, 2021 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its Q1 2021 financial and operational results, as well as provide an update on its operations. Pipestone continues to efficiently grow its highly economic condensate-rich Montney asset. The Company is well on … Read more

Too Cold to Handle? Race is on to Pioneer Shipping of Hydrogen

May 12, 2021May 12, 2021 by EnergyNow Media

Jonathan Saul The logo of the CO2-free Hydrogen Energy Supply-chain Technology Research Association (HySTRA) is seen on a liquefied hydrogen storage tank built by Kawasaki Heavy Industries at the hydrogen receiving terminal at the Kobe Airport Island in Kobe, western Japan January 22, 2021. Picture taken January 22, 2021. REUTERS/Yuka Obayashi/File Photo Hydrogen is touted … Read more

Analysis: Cyberattack exposes lack of required defenses on U.S. pipelines

May 12, 2021 by EnergyNow Media

Holding tanks are seen in an aerial photograph at Colonial Pipeline’s Dorsey Junction Station in Woodbine, Maryland, U.S. May 10, 2021. REUTERS/Drone Base The shutdown of the biggest U.S. fuel pipeline by a ransomware attack highlights a systemic vulnerability: Pipeline operators have no requirement to implement cyber defenses. The U.S. government has had robust, compulsory … Read more

Crescent Point Energy reports $21.7M Q1 profit compared with a loss a year ago

May 12, 2021May 12, 2021 by The Canadian Press

CALGARY — Crescent Point Energy Corp. reported a first-quarter profit of $21.7 million compared with a $2.3-billion loss a year ago when oil prices were falling at the start of the pandemic.The company says the profit amounted to four cents per dilute…

XI Technologies: WATCH: The Role of ARO in Effective A&D

May 12, 2021 by EnergyNow Media

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. When scoping for acquisitions, it’s not enough to examine the potential profit of … Read more

Recommended Practices for Cost Estimating Maintenance Turnarounds

May 12, 2021 by EnergyNow Media

By Gordon Lawrence The Recommended Practices issued by AACE International are widely recognized and have been adopted in estimating and control departments across the process industries. Until recently, the focus of these practices was mainly on capital projects. However, they are now also beginning to cover Maintenance Turnarounds. As an initial step in covering this … Read more

WATCH: Global Energy Show 5×5 – Interview with Kate Chisholm, SVP & Sustainability Officer, Capital Power

May 12, 2021 by EnergyNow Media

Kate Chisholm, Q.C., Senior Vice President, Planning, Stakeholder Relations and Chief Sustainability Officer at Capital Power discusses the goal of going net carbon neutral by 2050, attracting investment from ESG investors and how supporting diversity, inclusion and equity helps Capital Power succeed. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or … Read more

Scovan Engineering Inc. and Hive Innovations Inc. agree to merge to form a united company under the Scovan brand

May 12, 2021 by EnergyNow Media

Greater Alignment. Stronger Vision. Immense Value. Scovan is once again advancing the emerging energy and energy innovation space by merging with Hive. The new combined company will allow for more aligned synergies and offer a stronger value proposition to our partners. Calgary, AB – May 12, 2021: Scovan Engineering Inc. (Scovan) and HIVE Innovations Inc. … Read more

WATCH: Coke Drum Integrity Services – Zachry Integrity Engineering Ltd.

May 12, 2021 by EnergyNow Media

https://www.youtube.com/watch?v=kRgDQhUhP-A www.zachinteg.com

Energy sector prepares for risks and rewards of digital disruption

May 12, 2021 by EnergyNow Media

By Jeff Thomas, Partner, Advisory Services, KPMG in Canada; Julie Pépin, Partner, Internal Audit, Risk & Compliance Services, KPMG in Canada; and Narmin Vasanji, Partner, Management Consulting, KPMG in Canada COVID-19 has spurred organizations to undergo widespread and rapid digital transformation. About one-third of the 500 small and medium-sized Canadian businesses surveyed by KPMG have … Read more

Delta Remediation Partners with BullHorn Bio-Remediation to Bring Indigenous Environmental Services to the Canadian Marketplace

May 12, 2021 by EnergyNow Media

Providing Naturally Amplified Solutions for Effective Remediation Effective April 30, 2021 – Delta Remediation Inc, a leader in bioremediation, officially entered a strategic partnership with BullHorn Bio-Remediation to provide Canadian industrial sectors with a variety of innovative environmental products and services. The BullHorn Delta partnership is majority-owned by BullHorn Bio-Remediation making the partnership applicable for indigenous engagement and … Read more

Canada says U.S. ties could be undermined if Michigan shuts pipeline

May 12, 2021May 12, 2021 by EnergyNow Media

A day before Michigan’s deadline to close down a key crude oil pipeline, Canada on Tuesday issued its strongest remarks so far, saying the move could undermine relations with the United States, its closest ally and trading partner. Canadian company Enbridge Inc (ENB.TO) is preparing for a legal battle with Michigan and courting protests from environmental groups, … Read more

NuVista Energy Ltd. Announces Positive First Quarter 2021 Financial and Operating Results

May 12, 2021 by EnergyNow Media

May 11, 2021 CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce financial and operating results for the three months ended March 31, 2021, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. This … Read more

Prairie Provident Resources Announces First Quarter 2021 Results and Successful First Half 2021 Drilling Program

May 12, 2021May 12, 2021 by EnergyNow Media

May 11, 2021 CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three months ended March 31, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2021 (“Interim Financial Statements”) and related Management’s … Read more

Questerre reports first quarter 2021 results

May 12, 2021 by EnergyNow Media

May 11, 2021 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, May 11, 2021 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the first quarter … Read more

NXT Energy Solutions Announces First Quarter 2021 Results

May 12, 2021 by EnergyNow Media

May 11, 2021 CALGARY, Alberta, May 11, 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 quarter ended March 31, 2021. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Q1 Financial and Operating Highlights … Read more

Freehold Royalties Ltd. Announces First Quarter 2021 Results and Increases Dividend by 33%

May 12, 2021 by EnergyNow Media

May 11, 2021 CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2021. OPERATING AND FINANCIAL HIGHLIGHTS Three Months Ended March 31 FINANCIAL ($000s, except as noted) 2021 2020 Change Royalty and other revenue 36,745 26,284 40 % Net … Read more

Element Materials Technology: Register for May 18, 2021 live webinar – Back to the Basics: Sampling 101 to learn best practices for soil and water sampling.

May 11, 2021May 11, 2021 by EnergyNow Media

Register today for a live webinar on May 18th from 12-1 PM MDT to cover frequently asked questions about sampling so you can ensure quality results every time. Industry professionals Reesha Parmar and Danielle Hutson will show you how to reduce sampling errors and non-conformances and maintain sample integrity. Can’t attend live? Register … Read more

Bonterra Energy Corp. Announces First Quarter 2021 Results

May 11, 2021 by EnergyNow Media

May 11, 2021 CALGARY, AB, May 11, 2021 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces its operating and financial results for the three month period ended March 31, 2021. The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and on Bonterra’s website … Read more

Unifor welcomes Canada’s intervention on eve of line 5 closure

May 11, 2021 by EnergyNow Media

May 11, 2021 CALGARY, AB, May 11, 2021 /CNW/ – Unifor is relieved the federal Minister of Natural Resources is intervening on the eve of tomorrow’s deadline for Enbridge to shut down a key artery in the energy infrastructure between Canada and the U.S., providing vital energy needs for four provinces and four states. “The Governor of Michigan is recklessly messing with a critical … Read more

On eve of deadline, Canada makes case in court to keep Line 5 pipeline running

May 11, 2021 by The Canadian Press

WASHINGTON — The federal government is stepping up its fight with Michigan over the fate of the Line 5 pipeline.
Natural Resources Canada filed court documents today to formally oppose Gov. Gretchen Whitmer’s effort to shut down the cross-border ener…

Impact of Colonial Pipeline hack on Canadian gasoline prices ‘negligible’: analyst

May 11, 2021May 11, 2021 by The Canadian Press

TORONTO – An expert is reassuring Canadians to not be worried about a spike in gasoline prices after a cyberattack on a critical U.S. pipeline. The Colonial Pipeline, which delivers about 45 per cent of the fuel used along the Eastern seaboard, shut down Friday after a ransomware attack, reportedly causing gasoline prices in some … Read more

Russia denies involvement in Colonial Pipeline cyberattack

May 11, 2021May 11, 2021 by EnergyNow Media

Reuters Holding tanks are seen in an aerial photograph at Colonial Pipeline’s Dorsey Junction Station in Woodbine, Maryland, U.S. May 10, 2021. REUTERS/Drone Base Russia’s embassy in the United States on Tuesday rejected speculation that Moscow had any responsibility for a ransomware cyberattack that has disrupted activity at the biggest U.S. gasoline pipeline. President Joe … Read more

Global renewable energy grew at fastest pace in two decades in 2020 – IEA

May 11, 2021 by EnergyNow Media

Renewable energy grew at its fastest pace in two decades last year, led by China, and will continue to grow in the next two years, a report by the International Energy Agency (IEA) showed on Tuesday. New renewable energy capacity in 2020 rose by 45% to 280 gigawatts (GW) last year, the largest year-on-year increase … Read more

OPEC sticks to 2021 oil demand growth forecast despite Indian COVID crisis

May 11, 2021 by EnergyNow Media

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

OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group’s plan to gradually ease output cuts. The Organization of the Petroleum Exporting Countries expected demand to rise by … Read more

Oil Declines With Inflation Fears Eroding Market Confidence

May 11, 2021 by EnergyNow Media

May 11, 2021 (Bloomberg) Oil fell with global equities after a recent rally that has taken some commodities to record high levels brought on concerns over inflation.U.S. crude futures were down 1.2%. Gasoline and heating-oil markets were also weaker with the hacked Colonial Pipeline system in the U.S. returning operations at one section of the key link. Full services are … Read more

Oilsands producers step up anti-pandemic measures as outbreaks rise in region

May 11, 2021May 11, 2021 by The Canadian Press

CALGARY — Oilsands companies are stepping up protective measures as a spate of COVID-19 cases sweeps through the region at the same time that thousands of workers are being brought in for spring maintenance shutdowns at various plants.
In Friday’s upd…

Suncor and ATCO partner on a potential world-scale clean hydrogen project in Alberta

May 11, 2021May 11, 2021 by EnergyNow Media

May 11, 2021 Our ATCO/Suncor decision to collaborate on this potential project follows welcome messages of support from both the Government of Canada and the Government of Alberta for emission-reduction projects and infrastructure. Such collaboration between governments and business and across sectors will be critical to progressing this project and achieving Canada’s net zero by … Read more

Oilsands producer Suncor and utility Atco to pursue ‘world-class’ hydrogen project

May 11, 2021May 11, 2021 by The Canadian Press

CALGARY — Oilsands producer Suncor Energy Inc. is partnering with utility Atco Ltd. on a “multibillion-dollar” project to produce more than 300,000 tonnes per year of hydrogen.
The Calgary-based companies say the project will help Canada reach its 205…

EnergyNow is hosting the Energy Innovation Month from June 1st to 30th, 2021

May 11, 2021 by EnergyNow Media

This month-long promotional campaign will feature all of the latest and greatest innovation, technology, and research from experts across the energy sector. Sign-up to be one of the innovative companies to publish your marketing content, promote your products & present your innovation. Click Here To Learn More

O’Toole’s Carbon Taxes Would Come with Big Costs for Families – Franco Terrazzano

May 11, 2021May 11, 2021 by EnergyNow Media

Monday, May 10, 2021 Erin O’Toole’s proposed carbon taxes would cost you more to heat your home, put food on the table and drive to work. The leader of the Conservative Party of Canada broke his promise and announced that if elected prime minister, he’s going to impose his own carbon tax at $50 per … Read more

Reckless Michigan Politics: Line 5 Shutdown Would Cause at Least $20.8B in Losses to Michigan, Ohio, Indiana and Pennsylvania, Analysis Finds

May 11, 2021May 11, 2021 by EnergyNow Media

Consumer Energy Alliance Releases Report Highlighting Economic Impacts to Midwest and Great Lakes Consumers from Reckless Line 5 Closure May 10, 2021 LANSING, Mich.–(BUSINESS WIRE)–An unnecessary and premature shutdown of the Line 5 pipeline risks at least 33,000 jobs and a minimum of $20.8 billion in economic losses to consumers in Michigan, Ohio, Indiana and Pennsylvania, an independent third-party analysis requested by Consumer … Read more

Renewed Cyber Worries in Oil and Gas – Geoffrey Cann

May 10, 2021 by EnergyNow Media

A fresh ransomware attack on an energy company reminds Boards that cyber threats are still real, and that energy infrastructure remains vulnerable. Weaponizing Digital This past week, a petroleum products company, Colonial Pipelines of Georgia, suffered a ransom-ware attack, and as a precaution, the company shut down its pipeline operations until the business could be secured. … Read more

Oil Climbs With Gasoline as Cyberattack Knocks Out U.S. Pipeline

May 10, 2021May 10, 2021 by EnergyNow Media

May 10, 2021 (Bloomberg) Crude oil climbed along with gasoline in New York after a cyberattack put the largest oil-products pipeline in the U.S. out of action.West Texas Intermediate and Brent both rose as gasoline surged as much as 4.2% to the highest since May 2018, before paring gains. Colonial Pipeline Co., a supplier of gasoline, … Read more

Athabasca Oil Corporation Announces Further Hangingstone Cost Reductions

May 10, 2021 by EnergyNow Media

May 10, 2021 CALGARY, Alberta, May 10, 2021 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce that it has executed an amending Hangingstone Transportation and Storage Services Agreement (“TSSA”) that resulted in a $44 million prepayment from restricted cash and a ~$5 million reduction to annual tolls. … Read more

Commentary: Democracies that hamper oil and gas production do their allies no favours – Mark Milke and Lennie Kaplans –

May 10, 2021May 10, 2021 by EnergyNow Media

By Mark Milke and Lennie Kaplan Canadian Energy Centre Anyone with even a modest understanding of history will grasp how tyrannies and autocracies interact with democracies when it comes to energy: by using oil and natural gas as a weapon. This is sometimes literal and obvious during wars — tanks and jets do not run on vegetable … Read more

Ensign Energy Services reports $43.6M Q1 loss, revenue down 43 per cent from year ago

May 10, 2021May 10, 2021 by The Canadian Press

CALGARY — Ensign Energy Services Inc. reported a loss attributable to common shareholders of $43.6 million in its latest quarter as its revenue fell 43 per cent compared with a year ago.The drilling and well servicing company says the loss amounted to…

Schachter’s Eye on Energy: Massive 19.2Mb Decline In Net Imports Pulled Commercial Crude Stocks Down By 8.0Mb Last Week. US Consumption Fell.

May 10, 2021May 10, 2021 by EnergyNow Media

Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy and energy service companies with regular updates. We hold quarterly subscriber webinars (next one May 13th) and provide … Read more

The Coverall Shop Celebrates 11 Year Anniversary With Special Offer

May 10, 2021 by EnergyNow Media

As The Coverall Shop celebrates 11 years in business, our owners are also celebrating 40 years of continuous business operations in 2021! We are proud to support many local charitable organizations and have earned 2 Red Deer Chamber of Commerce Business of the Year Awards since 2008 As always, we want to hear from you … Read more

ICBA Energy Member Feature – All West Glass

May 10, 2021 by EnergyNow Media

ALL-WEST GLASS: YOUR TRUSTED STORE FOR GLASS IN BRITISH COLUMBIA ALBERTA, WHITEHORSE AND YELLOWKNIFE. Locally owned by Northerners, All-West Glass was established in 1971 with the belief that a company could have both high quality products and outstanding customer service. AWG has grown into one of the largest and most dynamic independent glass companies in … Read more

Reduce your company’s loss caused by inefficiencies and disputes

May 10, 2021 by EnergyNow Media

Unique and Precise Terminal Solutions Accurate measurement is the primary requirement for any industry to realize expected profit returns and reduce loss through inefficiencies and disputes. Westech understands this critical element of your business and can help you make the right technology choices for your next project. Our broad industry experience and thorough knowledge base … Read more

How to Optimize Operational Processes With BKY Tech

May 10, 2021 by EnergyNow Media

If it ain’t broke don’t fix it, right? The 2020’s version of this idiom is, “Don’t create solutions for problems that don’t exist”. Sound familiar? Like that new memo that seems to come through every other week, the SOP for the SOP, the meeting that should have been an email, or the grandiose policy shift … Read more

Mozambique LNG Delays Could Open the Door for Canadian Expansion: Analyst

May 10, 2021May 10, 2021 by EnergyNow Media

Work suspended on major project following insurgent attacks By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Total SA A major security threat in Mozambique is highlighting the risks of oil and gas development in unstable nations. Work on a $20–billion liquefied natural gas (LNG) project operated by … Read more

Need Custom Fabrication? WATCH an Industry Leader – Dacro Industries

May 9, 2021May 9, 2021 by EnergyNow Media

Dacro has been manufacturing equipment for the resource industry since 1974. Located in Edmonton, Alberta, Canada, in the center of the industrial activity of Western Canada, Dacro is well positioned to serve the resource based industries of North America, including Oil and Gas, Refining, Petrochemical, and Pulp and Paper. Dacro has established themselves as a … Read more

Ransomware Attack Shuts Down Biggest U.S. Gasoline Pipeline

May 9, 2021May 9, 2021 by EnergyNow Media

May 8, 2021 (Bloomberg) The operator of the biggest gasoline pipeline in the U.S. shut down operations late Friday following a ransomware attack that threatens to roil energy markets and upend the supply of gas and diesel to the East Coast. Colonial Pipeline said in a statement Saturday that it “proactively took certain systems offline … Read more

WATCH: Scovan’s International Women’s Day Interview Series!

May 9, 2021May 9, 2021 by EnergyNow Media

Scovan launches International Women’s Day Interview Series With the importance of ESG strategies on the rise, diversity and inclusion are key components of corporate and social responsibility. Watch this clip from our interview series to hear our speakers perspectives on creating shareholder value through diverse voices at the table. With challenge comes change. Let’s all … Read more

Canada Weekly Rig Count Up 4 for Week Ending May 7, 2021

May 8, 2021May 8, 2021 by EnergyNow Media

Canada’s drilling rig count is up 4 active drilling rigs according to data collected by Baker Hughes for the week ending May 7, 2021. From one week ago, Alberta rig counts increased 3 to 38 and the Saskatchewan rig counts increased 2 to 5. Oil drilling increased 2 to 22 and gas increased 2 to … Read more

Obsidian Energy Announces First Quarter 2021 Results and Successful First Half Development Program

May 7, 2021 by EnergyNow Media

Successful completion of nine well, first half 2021 drilling program in Cardium Robust initial well results with first five wells on-stream; completion activity commenced on remaining four wells Free cash flow generation results in lower net debt Calgary, Alberta–(Newsfile Corp. – May 7, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, … Read more

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

May 7, 2021 by EnergyNow Media

Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. REUTERS/Nick Oxford U.S. energy firms added oil and natural gas rigs for a second week in a row as higher oil prices prompted some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose … Read more

TC Energy reports $1.1-billion net loss after $2.2-billion writedown on Keystone XL

May 7, 2021May 7, 2021 by The Canadian Press

CALGARY — TC Energy Corp. is reporting a first-quarter net loss of $1.1 billion after taking a $2.2-billion after-tax asset impairment charge on its cancelled Keystone XL export oil pipeline.
The charge is net of expected cash recoveries from contract…

Bill C-10 Opens the Door for Regulating Government Accountability

May 7, 2021 by EnergyNow Media

Friday, May 7, 2021 This column first appeared in the Toronto Sun and is now available for reprint. Bill C-10 opens the door for regulating government accountability Canadians can choose to watch virtually anything from anywhere in the world online. And they can share virtually any opinion globally through their cellphone. It’s astonishing freedom. But the federal … Read more

Big Oil Braces for Climate Votes as Investor Pressure Mounts

May 7, 2021 by EnergyNow Media

May 7, 2021 As Europe’s oil majors prepare to host their annual shareholder meetings, one topic is garnering almost all the attention.Climate change looms large for Royal Dutch Shell Plc, BP Plc and Total SE, with investors at all three energy giants calling for greater action. Shareholder resolutions on cutting carbon emissions are set to … Read more

Oil Heads for Back-to-Back Weekly Gain as Commodities Run Hot

May 7, 2021 by EnergyNow Media

May 7, 2021 (Bloomberg) Oil headed for a second weekly advance as investors bet on rising energy demand amid a broader rally in commodities.West Texas Intermediate futures dipped on Friday after U.S. jobs data missed expectations. But the U.S. benchmark is on track for a 0.7% gain this week. That would be its first back-to-back weekly … Read more

Cenovus makes strong progress on Husky integration and synergies

May 7, 2021 by EnergyNow Media

Generates $1.1 billion in adjusted funds flow in first quarter 2021 May 07, 2021 CALGARY, Alberta, May 07, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered solid operating and financial performance in the company’s inaugural quarter of operations following the acquisition of Husky Energy Inc. on January 1. With its disciplined … Read more

TC Energy reports solid first quarter operating performance

May 7, 2021 by EnergyNow Media

Continues to advance $20 billion secured capital program following formal suspension of Keystone XL May 07, 2021 CALGARY, Alberta, May 07, 2021 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced a net loss attributable to common shares for first quarter 2021 of $1.1 billion or $1.11 per … Read more

Enbridge reports $1.9B first-quarter profit compared with a loss a year ago

May 7, 2021May 7, 2021 by The Canadian Press

CALGARY — Enbridge Inc. reported a first-quarter profit of $1.9 billion compared with a loss of $1.4 billion in the same quarter last year when it took a number of large one-time charges.
The pipeline company says the profit amounted to 94 cents per s…

Cenovus Energy reports $220M first-quarter profit compared with a loss a year ago

May 7, 2021May 7, 2021 by The Canadian Press

CALGARY — Cenovus Energy Inc. reported a profit of $220 million in its latest quarter compared with a loss of $1.8 billion a year ago.
The energy company says the profit amounted to 10 cents per share for the quarter ended March 31 compared with a los…

ClearStream Announces First Quarter 2021 Financial Results

May 7, 2021 by EnergyNow Media

New project awards and contract renewals total $176 million during the first four months of 2021 May 06, 2021 CALGARY, Alberta, May 06, 2021 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced its results for the three months ended March 31, 2021. All amounts are in Canadian dollars and … Read more

Crew Energy Inc. Announces First Quarter 2021 Financial and Operating Results Highlighted by a 174% Increase in Adjusted Funds Flow

May 7, 2021 by EnergyNow Media

May 06, 2021 CALGARY, Alberta, May 06, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR) (“Crew” or the “Company”) today announced our operating and financial results for the three-month period ended March 31, 2021. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three-month period ended March 31, … Read more

Woodfibre LNG says contract with BP Gas ties up 70% of proposed facility’s capacity

May 7, 2021May 7, 2021 by The Canadian Press

CALGARY — The company proposing the Woodfibre LNG export project near Squamish, B.C., says it has struck a second sales contract with BP Gas Marketing Ltd. that allows it to account for over 70 per cent of future production from the plant.The 15-year …

Inter Pipeline Reports Strong First Quarter 2021 Financial and Operating Results

May 7, 2021 by EnergyNow Media

CALGARY, AB, May 6, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) announced its financial and operating results for the three-month period ended March 31, 2021. Related Documents VIEW PDF Inter Pipeline Reports Strong First Quarter 2021 Financial and Operating Results (CNW Group/Inter Pipeline Ltd.) Inter Pipeline’s Heartland Petrochemical Complex in Strathcona County, Alberta. Q2, … Read more

Pembina Pipeline Corporation Reports Results for the First Quarter 2021 and Provides Business Update

May 7, 2021 by EnergyNow Media

May 06, 2021 Business fundamentals returning to pre-pandemic levels; important ESG and global market access milestones achieved All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings before interest, taxes, depreciation and … Read more

Alberta eases security payment burden for oilsands companies

May 7, 2021May 7, 2021 by The Canadian Press

EDMONTON — Last year’s dive in oil prices has caused Alberta to change how it calculates the payments oilsands mines make to ensure there’s enough money to clean up the mess they leave behind.
“The interim solution we’re putting in place addresses the…

Enerplus Announces First Quarter 2021 Results; Increases and Transitions to a Quarterly Dividend

May 7, 2021 by EnergyNow Media

All financial information contained within this news release has been prepared in accordance with U.S. GAAP, except as noted under “Non-GAAP Measures”. This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the “Forward-Looking Information and Statements” at the conclusion of this news release. A … Read more

Canada Energy Regulator issues monetary penalty to Trans-Northern Pipelines Inc.

May 6, 2021 by EnergyNow Media

Regulator found the company’s Environmental Protection Program was not adequate to manage contaminated sites May 06, 2021 12:21 CALGARY, Alberta, May 06, 2021 (GLOBE NEWSWIRE) — Today the Canada Energy Regulator (CER) released full details of its $40,000 Administrative Monetary Penalty to Trans-Northern Pipelines Inc. (TNPI), the maximum amount based on the facts of this case. The … Read more

Woodfibre LNG signs second BP deal for British Columbia LNG plant

May 6, 2021May 6, 2021 by EnergyNow Media

Canadian liquefied natural gas developer Woodfibre LNG said Thursday it signed a second agreement to sell LNG from its proposed export plant in British Columbia to a unit of oil major BP PLC (BP.L). That puts the plant a step closer to getting built in a market that has seen some cancellations in recent months … Read more

Ontario First Nations Group Backs Line 5 Shutdown, Slams Ottawa for Fighting Back

May 6, 2021May 6, 2021 by The Canadian Press

WASHINGTON — A prominent First Nations group in Ontario is accusing the federal government of putting the oil and gas industry ahead of protecting the Great Lakes.
The Anishinabek Nation says it is disappointed that Ottawa opposes the shutdown of Enb…

Oil Slides Amid Uneven Recovery in Global Consumption

May 6, 2021 by EnergyNow Media

May 6, 2021 (Bloomberg) Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand.Global benchmark Brent has struggled for momentum after failing to break above $70 a barrel on Wednesday. While major crude importer India is battling a record coronavirus wave that’s sapped economic activity, there are signs of rising oil … Read more

Canadian Natural Resources Limited Announces 2021 First Quarter Results

May 6, 2021 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 6, 2021) – Commenting on the Company’s first quarter 2021 results, Tim McKay, President of Canadian Natural stated “The COVID-19 pandemic continues to challenge our everyday living and the way we operate our businesses. With our strong measures in place we have minimized impacts on our operations, but it remains … Read more

Hemisphere Energy Provides an Operations Update on Its Atlee Buffalo Polymer Project

May 6, 2021 by EnergyNow Media

Vancouver, British Columbia–(Newsfile Corp. – May 6, 2021) – Hemisphere Energy Corporation (TSXV: HME) (OTCQB: HMENF) (“Hemisphere” or the “Company”) is pleased to provide an update on its Upper Mannville G pool polymer project in the Atlee Buffalo area of southeast Alberta. Hemisphere has made significant progress on the construction work at its G pool facility … Read more

Parex Announces Strong Q1 2021 Performance: Top Tier Balance Sheet, Industry Leading Netbacks and Free Cash Flow

May 6, 2021 by EnergyNow Media

May 05, 2021 CALGARY, Alberta, May 05, 2021 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta that focuses on sustainable, conventional oil and gas production, is pleased to announce its unaudited financial and operating results for the three months ended March 31, 2021 (“First Quarter” or “Q1”). All … Read more

InPlay Oil Corp. Announces First Quarter 2021 Financial and Operating Results

May 6, 2021 by EnergyNow Media

May 06, 2021 CALGARY, Alberta, May 06, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2021. InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) … Read more

Gear Energy Ltd. Announces First Quarter 2021 Operating Results

May 6, 2021 by EnergyNow Media

CALGARY, AB, May 5, 2021 /CNW/ – Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) is providing the following first quarter operating update to shareholders. Gear’s Interim Condensed Consolidated Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the period ended March 31, 2021 are available for review on Gear’s website at www.gearenergy.com and on www.sedar.com. Net Debt Movement, March 31, 2020 … Read more

Canadian Natural reports $1.38B Q1 profit, record quarterly production

May 6, 2021May 6, 2021 by The Canadian Press

CALGARY — Canadian Natural Resources Ltd. reported a first-quarter profit of nearly $1.38 billion compared with a loss a year ago.The oilsands producer says the profit amounted to $1.16 per diluted share for the quarter ended March 31.The result compa…

Canadian Natural reports $1.38B Q1 profit, plans to use cash flow to reduce debt

May 6, 2021May 6, 2021 by The Canadian Press

CALGARY — Higher oil and gas prices, record production and a restrained capital spending budget will result in bountiful free cash flow for Canadian Natural Resources Ltd. this year, the oilsands company said Thursday.
In its first-quarter results, th…

Tourmaline Oil posts $248M Q1 profit on higher oil and gas prices, volume boost

May 6, 2021May 6, 2021 by The Canadian Press

CALGARY — Tourmaline Oil Corp. is reporting positive net income in the first quarter thanks to higher oil and gas prices and a 33 per cent increase in production from acquisitions as well as an active drilling program.
The Calgary-based company says i…

A Matter of Fact: Oil and Gas Production is in Canada’s Long-Term Best Interest – Deborah Jaremko

May 6, 2021May 6, 2021 by EnergyNow Media

Canada has many decades to thrive as a global oil and gas leader By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Workers at the Sunrise oil sands project in northern Alberta. Photo courtesy BP Calls to slow down or shut down Canada’s oil and gas industry … Read more

The 2021 tyranny index for oil and gas – Mark Milke and Lennie Kaplan

May 6, 2021May 6, 2021 by EnergyNow Media

Nearly half of global oil production came from tyrannies and autocracies in 2020 By Mark Milke and Lennie Kaplan T Russian President Vladimir Putin (L) meets with Saudi Arabia’s Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia, on October 14, 2019. Getty Images photo Download the PDF here Download the charts here Oil, natural gas, and freedom rankings This … Read more

Line 3 and Line 5 pipelines in U.S. ‘absolutely critical,’ says Enbridge CEO

May 6, 2021May 6, 2021 by The Canadian Press

CALGARY — The CEO of Enbridge Inc. says the company’s Line 3 and Line 5 pipelines in the United States are “absolutely critical” as each faces ongoing hurdles thrown up by environmental, political and other opponents.
During the Calgary-based energy i…

Pine Cliff Energy Ltd. Announces First Quarter 2021 Results

May 5, 2021 by EnergyNow Media

Pine Cliff Energy Ltd. Announces First Quarter 2021 Results Calgary, Alberta–(Newsfile Corp. – May 5, 2021) – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) is pleased to announce the filing of its first quarter financial and operating results. Included in the filings were Pine Cliff’s unaudited interim condensed consolidated financial statements … Read more

TOP 3 TYPES OF WIRE AND CABLE LABELS – Neumann Marking Solutions

May 5, 2021May 5, 2021 by EnergyNow Media

Wire and cable labels are an essential part of our modern world. Whether constructing a new building/plant, manufacturing aviation and aerospace equipment or setting up an office network, wire and cable markings are used to clearly identify what is connected to what and whether there is any danger present. By using wire and cable labels, … Read more

Tamarack Valley Energy Ltd. Announces First Quarter Financial Results & Clearwater Winter Drilling Program Update

May 5, 2021 by EnergyNow Media

TSX: TVE CALGARY, AB, May 4, 2021 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2021. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack’s unaudited condensed consolidated interim financial statements for the three … Read more

Clear Rush Co. Now Hiring Welders, Welder Helpers, Fitters, and Process Engineers. See job details HERE

May 5, 2021May 5, 2021 by EnergyNow Media

Are you interested in a career with Clear Rush Co? If you’re looking for a position with an exciting and growing clean technology company in the Energy Sector that offers benefits, an RRSP program and competitive wages, Clear Rush Co. is for you! Journeyman/Apprentice Welders Manufacturing shop in Sundre requires 3rd year or journeyman welders. … Read more

Perpetual Energy Inc. Reports First Quarter 2021 Financial and Operating Results

May 5, 2021 by EnergyNow Media

CALGARY, AB, May 4, 2021 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual”, or the “Company”) is pleased to release its first quarter 2021 financial and operating results. Select financial and operational information is outlined below, and should be read in conjunction with Perpetual’s unaudited condensed interim consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three … Read more

Paramount Resources Ltd. Announces Q1 2021 Results, Increased Production Guidance, Preliminary 2022 Guidance, Fully Funded Wapiti Acceleration and $77 Million Non-Core Disposition

May 5, 2021 by EnergyNow Media

CALGARY, AB, May 5, 2021 HIGHLIGHTS VIEW PDF Paramount Resources Ltd. Announces Q1 2021 Results (CNW Group/Paramount Resources Ltd.) Sales volumes averaged 80,540 Boe/d (43% liquids) in the first quarter of 2021, well ahead of the Company’s first half 2021 production guidance of 74,000 Boe/d to 76,000 Boe/d (43% liquids) due to significant outperformance at … Read more

Gran Tierra Energy Inc. Announces First Quarter 2021 Results

May 5, 2021 by EnergyNow Media

May 04, 2021 Achieved First Quarter 2021 Average Production of 24,463 BOPD, Up 12% from Prior Quarter Increased Current Average Production to 28,200 BOPD 2020 Sustainability Report Published Reaffirms 2021 Full-Year Production Guidance of 28,000-30,000 BOPD and Capital of $130-150 Million Increases 2021 Full-Year Budget Guidance: Cash Flow2 of $205-225 Million, Free Cash Flow2 of $75 Million, … Read more

Athabasca Oil Corporation Announces 2021 First Quarter Results, Hangingstone Cost Reductions, Inaugural ESG Report

May 5, 2021 by EnergyNow Media

May 04, 2021 CALGARY, Alberta, May 04, 2021 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2021 first quarter results that demonstrate the resilience and quality of its asset base. The Company is also pleased to provide an update on initiatives to further improve its positioning … Read more

No Downhole Tools Required for Geomechanical Properties Log

May 5, 2021May 5, 2021 by EnergyNow Media

The above logs, from 3 North American unconventional horizontal wells, were generated without any down hole tools using Rocsol’s D-Series software. Most companies don’t realize that they have enough existing data from the drilling of a well and information from offset wells to accurately create a geomechanical and reservoir property log without running a suite … Read more

Oil Drives Toward $70 as Sagging U.S. Stockpiles Aid Bull Bets

May 5, 2021 by EnergyNow Media

May 5, 2021 (Bloomberg) Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting demand. Brent neared $70 a barrel and West Texas Intermediate climbed for a third day. Gasoline futures surged to the highest since July 2018. The American Petroleum Institute reported crude supplies fell … Read more

XI Technologies: H2S Release Rate Assessment Regulatory Refresher

May 5, 2021 by EnergyNow Media

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. To survive amid all the recent challenges in our sector, many companies have … Read more

WATCH: Global Energy Show 5×5 – Interview with Jim Gibson, Chief Catalyst, SAIT

May 5, 2021 by EnergyNow Media

Jim Gibson, Chief Catalyst, School for Advanced Digital Technology, SAIT discusses digital transformation, the critical steps energy companies need to take to set up for success, and how the digital transformation helps add value in day-to-day operations. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or see more interviews at … Read more

Navigating the Greenhouse Gas Conundrum. How supply chain ecosystems can meet new renewable growth demands

May 5, 2021 by EnergyNow Media

By Mel Larson, Manager, Strategic Consulting, and John Koo, Director, Director, Business Development Asia-Pacific, at Becht Reliability of energy delivery saves lives. Fires in California and Australia, rolling blackouts in UK and grid failure in the dead of water in Texas are examples of events that impact people in a very real and tangible way. … Read more

PRODUCT FEATURE: Vapour Combustion Units (VCUs) – FlareTech Inc.

May 5, 2021 by EnergyNow Media

FlareTech has 40 years of industry experience in committing to serving the oil & gas industry while minimizing environmental impacts and addressing our client’s diverse needs. VCUs: Useful when space is an issue Can satisfy a landowner’s request for no visual flame. Run off natural drafting of air through the base of the VCU Must … Read more

Methane-free green well pad deployment – Qnergy CAP3

May 5, 2021 by EnergyNow Media

Qnergy recently deployed another CAP3 Compressed Air Pneumatics package at a multi-well pad in the NE USA. This system was part of a multi-unit repeat order for one of the largest natural gas producers in North America. This customer had previously deployed an internal combustion engine system that didn’t meet their needs. CAP3 is an … Read more

Current Flow Control Ltd., New Inventory Announcement

May 5, 2021 by EnergyNow Media

As Exclusive Distributors for the Valvitalia Group in Canada & Mexico, Current Flow Control Ltd. is pleased to announce we have substantial quantities of new, Italian made, trunnion mounted ball valve stock coming to Alberta in Q3 & Q4 2021. To support our valued Customers, we are supplementing our extensive Italian only inventory with new … Read more

Suncor delays maintenance project as COVID-19 cases plague Fort McMurray area

May 5, 2021May 5, 2021 by The Canadian Press

CALGARY — Suncor Energy Inc. will delay a planned maintenance shutdown at its Base Plant oilsands mine upgrader in view of surging COVID-19 outbreaks that led to a state of emergency being declared last week for the Fort McMurray area of northern Albe…

Imperial Oil shareholders defeat shareholder motion to set net-zero emission target

May 5, 2021May 5, 2021 by The Canadian Press

CALGARY — Imperial Oil Ltd. investors have voted 86 per cent to defeat a shareholder resolution that it adopt a target to achieve net-zero carbon emissions by 2050.
But the vote held during the Calgary-based company’s virtual annual meeting exposes a …

Six Reasons Asia’s Oil Refiners Aren’t Going Away Anytime Soon

May 5, 2021May 5, 2021 by EnergyNow Media

May 4, 2021 (Bloomberg) Predictions of peak oil and the impending demise of fossil fuels will hit Asian oil refiners especially hard. The region is home to three of the top four oil-guzzling nations, and more than a third of global crude processing capacity. Yet, Asian refiners are expanding at a breakneck pace, even building massive … Read more

Suncor Sees Vaccines as Solution to Canada’s Lagging Oil Demand

May 5, 2021May 5, 2021 by EnergyNow Media

May 4, 2021 (Bloomberg) Canada’s oil demand isn’t bouncing back like it is in the U.S. as the country fights to contain the coronavirus, the chief executive of Suncor Energy Inc. said.Gasoline demand in Eastern Canada is 15% to 20% below normal and is down 5% to 10% in Western Canada, said Mark Little, the head … Read more

Construction to Commence on the First Co-Produced Geothermal Power Project in Alberta, and Canada

May 5, 2021May 5, 2021 by EnergyNow Media

May 04, 2021 CALGARY, Alberta, May 04, 2021 (GLOBE NEWSWIRE) — FutEra Power Corp. (“FutEra”), a subsidiary of Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) which is a publicly traded Alberta-based junior oil and gas company, is pleased to announce it is entering the project execution stage of its co-produced Geothermal Power Project … Read more

Government of Canada approves the NOVA Gas Transmission Ltd. 2023 North Corridor System Expansion Project

May 5, 2021May 5, 2021 by EnergyNow Media

NOVA Gas Transmission Ltd. 2023 North Corridor System Expansion Project OTTAWA, ON, May 4, 2021 /CNW/ – Today, the Minister of Natural Resources, the Honourable Seamus O’Regan Jr., announced that the Government of Canada has approved the NOVA Gas Transmission Ltd. (NGTL) 2023 North Corridor System Expansion Project with 37 conditions. This decision was based on facts, science, Indigenous knowledge, the … Read more

Saudi oil firm Aramco’s first-quarter profits up by 30%

May 4, 2021 by The Canadian Press

DUBAI, United Arab Emirates — Saudi Aramco said Tuesday its profits soared by 30% in the first-quarter of the year, compared to last year, riding on the back of higher crude oil prices. The results come as some of the world’s biggest economies are cla…

ConocoPhillips poised to cash out of Cenovus Energy stake

May 4, 2021May 4, 2021 by The Canadian Press

ConocoPhillips plans to sell stake in Cenovus Energy A little more than four years after announcing a blockbuster $17.7-billion asset sale agreement with Cenovus Energy Inc., ConocoPhillips is preparing to cash out of the Canadian oil producer. In a release Tuesday, ConocoPhillips disclosed its intent to begin paring its 10 per cent stake in Cenovus … Read more

OPEC Keeps Crude Production Steady Before Planned Increases

May 4, 2021 by EnergyNow Media

May 4, 2021 (Bloomberg) OPEC kept crude production steady in April, ahead of a planned revival of supplies scheduled to begin this month.The Organization of Petroleum Exporting Countries pumped an average of 25.27 million barrels a day last month, about 50,000 a day less than in March, according to a Bloomberg survey. A setback for Libyan … Read more

Saudi Aramco Follows Big Oil Rivals With Bumper Earnings

May 4, 2021 by EnergyNow Media

May 4, 2021 (Bloomberg) Saudi Aramco’s profit soared in the first quarter following a recovery in global oil and gas markets, though free cash flow remained too low to fully cover dividend payments.The world’s biggest energy company kept its quarterly payout, almost all of which goes to the Saudi government, at $18.75 billion. The money is … Read more

Parkland aiming to about double adjusted EBITDA in less than five years

May 4, 2021May 4, 2021 by The Canadian Press

CALGARY — Parkland Corp. is aiming to about double its earnings in less than five years after swinging to a profit in the first quarter despite lower revenues and fuel volumes sold.
The Calgary-based convenience store operator and fuel retailer says i…

Oil Reaches Seven-Week High as Traders Bet on Improving Demand

May 4, 2021May 4, 2021 by EnergyNow Media

May 4, 2021 (Bloomberg) Oil climbed toward $66 a barrel on optimism that the resumption of economic activity in the U.S. and Europe will underpin demand.West Texas Intermediate futures gained 1.8%, reaching their highest since mid-March, while gasoline futures rose as much as 2.8%. The European Union plans to ease curbs for vaccinated travelers this summer, … Read more

Recasting Energy System Resilience for the Digital Age Part 2 – Geoffrey Cann

May 4, 2021May 4, 2021 by EnergyNow Media

By Geoffrey Cann We need resilient energy systems. Our energy systems need to be tough and elastic to recover quickly from events and mishaps. But we now need them to be a bit more adaptive and agile (Part 2). (This is a partial text of a 45 minute address that I offer to energy companies … Read more

From Alberta with Love, How Advanced Modularization Tactics Are Cutting Costs in Texas

May 4, 2021May 4, 2021 by EnergyNow Media

By Vista Projects In today’s volatile energy market, cost control is on top of every asset owner’s mind. And the pressure to reduce costs has created new opportunities for execution strategies from other markets. This article reviews a recent example of our engineering consulting work with a global chemical processor. The client agreed to have … Read more

ICBA Energy Member Feature – Duke Fire Services

May 4, 2021May 4, 2021 by EnergyNow Media

Duke Fire Services Inc is an Indigenously owned business that is passionate about protecting the people, the land and the environment. They believe that strong partnerships with First Nation Communities will provide economic prosperity, social well-being, and respect for the people and land that they work on. Duke Fire Services strives to be an industry … Read more

Canada’s banks and investors face dilemma in meeting emissions target

May 4, 2021May 4, 2021 by EnergyNow Media

Canadian banks’ commitments to “net-zero financed emissions” by 2050 have drawn doubts from many investors, given the lack of a defined goal, details and their continued support for oil and gas companies, even if partially aimed at helping them transition to alternatives. But their growing funding for green projects also presents a dilemma for shareholders … Read more

The Next Level in SAGD Well Pad Designs is here.

May 4, 2021May 4, 2021 by EnergyNow Media

With a well pad designed to meet industries best metrics in cost and schedule, HIVE Innovations has officially released the PadHX-ZB design. This is an efficient modular design that allows for utilization of a “Zero Based” model or equip it as needed to meet your operational preferences. The innovation doesn’t stop with industries most efficient … Read more

No, Canada didn’t subsidize the oil and gas industry $18 billion last year

May 4, 2021May 4, 2021 by EnergyNow Media

Canadian Energy Network Recently a report was released by Environmental Defence with the help of other groups to detail federal support given to the oil and gas industry in 2020. As we all know, last year was anything but normal, and Canada’s oil and gas industry got spanked particularly hard. With an oil pricing war going … Read more

Peyto Announces Update on COVID-19 Measures for Its Annual Meeting of Shareholders and Q1 Conference Call Details

May 3, 2021 by EnergyNow Media

May 03, 2021 CALGARY, Alberta, May 03, 2021 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX:PEY) has scheduled its Annual General Meeting of Shareholders for 3:00 p.m. on Thursday, May 13, 2021. Peyto was hopeful that Alberta would be emerging from the COVID-19 pandemic which would allow for an in-person … Read more

Gibson Energy Announces 2021 First Quarter Results

May 3, 2021 by EnergyNow Media

May 03, 2021 All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, May 03, 2021 (GLOBE NEWSWIRE) — Gibson Energy Inc. announced today its financial and operating results for the three months ended March 31, 2021. “We are very pleased with the solid start to 2021, with our Infrastructure segment performing in-line … Read more

Parkland announces strong 2021 first quarter results and outlines 2025 growth ambition

May 3, 2021 by EnergyNow Media

May 03, 2021 CALGARY, Alberta, May 03, 2021 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) announced today its financial and operating results for the three months ended March 31, 2021 (“Q1 2021”). Highlights include: Adjusted EBITDA attributable to Parkland (“Adjusted EBITDA”) of $314 million, up 64 percent year-over-year. Despite continued … Read more

Suncor Energy reports first quarter 2021 results

May 3, 2021 by EnergyNow Media

May 03, 2021 Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, … Read more

MEG Energy announces strong first quarter operational and financial performance

May 3, 2021 by EnergyNow Media

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted CALGARY, AB, May 3, 2021 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Corporation”) reported its first quarter of 2021 operational and financial results. MEG continues to proactively respond to the safety challenges … Read more

Climate Change: O’Toole’s Carbon Pricing Gamble Draws Mixed Political Reviews

May 3, 2021 by EnergyNow Media

More Canadians than ever now view climate change as human-caused, but one-in-four disagree May 3, 2021 – Conservative Party leader Erin O’Toole’s mid-April announcement of a new carbon pricing plan surprised many Canadians, including, reportedly, some members of his own party. The move was designed – among other things – to grow the party’s vote base, especially … Read more

Topaz Energy Corp. Announces the Acquisition of Reserve Royalty and Provides Update to Previously Announced Charlie Lake Royalty Acquisition

May 3, 2021 by EnergyNow Media

CALGARY, AB, May 3, 2021 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce that it has entered into a definitive agreement with Reserve Royalty Income Trust (“Reserve Royalty”) for the purchase of its subsidiaries which hold all of the Reserve Royalty assets, for approximately $26.0 million, payable through the issuance of 1,794,886 … Read more

ROK Resources Announces Closing of Previously Announced Asset Acquisition and First Closing of Private Placement Financing

May 3, 2021 by EnergyNow Media

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESSWIRE / May 3, 2021 / Regina, Saskatchewan: ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK) is pleased to announce that it has closed on its previously announced bolt-on acquisition (the “Acquisition“) of certain non-operated producing oil and gas assets … Read more

Emerging Risks for the Energy Sector and How ESG is Tied to a Company’s Financial Health

May 3, 2021May 3, 2021 by EnergyNow Media

By James Barr, Partner, Risk Consulting, KPMG in Canada; Julie Pépin, Partner, Internal Audit, Risk & Compliance Services, KPMG in Canada; and Atin Prakash, Senior Manager, Sustainability and ESG Services, KPMG in Canada COVID-19 has shone a spotlight on the risk management practices of energy and natural resource (ENR) companies, highlighting weaknesses in identifying emergent … Read more

Oil Drops as Low Indian Demand Offsets Recovery Optimism

May 3, 2021 by EnergyNow Media

May 3, 2021 (Bloomberg) Oil prices dipped as traders weighed weaker fuel demand in India against optimism over the global economic recovery from the coronavirus pandemic.Brent crude fell 0.6% to about $66.50 a barrel in Asian trading. Sales of gasoline in India were the lowest in April since August, while average daily diesel sales were the lowest since … Read more

Warren Buffett Sees a ‘Red Hot’ Economy With Creeping Inflation

May 3, 2021May 3, 2021 by EnergyNow Media

May 2, 2021 (Bloomberg) Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket … Read more

Buffett Says Greg Abel is His Likely Successor at Berkshire

May 3, 2021 by EnergyNow Media

May 3, 2021 (Bloomberg) Warren Buffett said Greg Abel, Berkshire Hathaway Inc.’s vice chairman of non-insurance businesses, would be his likely successor if the billionaire were to step down.The board agrees that Abel, 58, would take over if anything were to happen to the 90-year-old chief executive officer, Buffett told CNBC. Abel had been seen as … Read more

Carbon Conversion Technology in Alberta – ‘Science Fiction That’s Real’ – Deborah Jaremko

May 3, 2021May 3, 2021 by EnergyNow Media

XPRIZE leaves ‘Disneyland’ legacy facility for carbon tech start-ups in Alberta By Deborah Jaremko Natalie Giglio, operations and safety administrator with Carbon Upcyclying Technologies, in the company’s research bay at the Alberta Carbon Conversion Technology Centre. Photo for Canadian Energy Centre The power of the NRG COSIA Carbon XPRIZE didn’t end with the announcement of the … Read more

How to Fast Track Growth Strategy – Mergers & Acquisitions

May 3, 2021 by EnergyNow Media

M&A is one strategy for continued growth in the energy industry, especially when the market goes into increased volatility. The second half of 2020 was interesting as we saw more corporate deals than acreage deals, like the acquisitions of Parsley by Pioneer Resources and Concho Resources by ConocoPhillips in the U.S. and the Cenovus Energy-Husky … Read more

TANK LINER LEAKS? Replacing a Polyethylene Lining System with a Spray-Applied Seamless System is Proven to Minimize Tank Leaks

May 3, 2021 by EnergyNow Media

The team at Western Engineered Containment (WEC) worked closely with one of their clients to solve a problem that they were facing – they discovered many leaks on their above-ground lined tanks. While the current lining method involves the fabrication of polyethylene sheet liners into the cylindrical shape of the tank, these methods weren’t proven … Read more

GEMINI INTERVIEW SERIES | EPISODE 05

May 3, 2021 by EnergyNow Media

Here it is folks, the 5th and final episode in the interview mini-series. Gemini Fabrication has released the fifth 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 … Read more

GeoVerra achieves high score on COR Audit and reports zero lost time, demonstrating its commitment to safety.

May 3, 2021 by EnergyNow Media

Edmonton, Alberta (April, 2021) GeoVerra, one of Canada’s largest surveying and geomatics firms, is pleased to announce that they received an outstanding score on the Certificate of Recognition (COR) audit. The external Certificate of Recognition (COR) auditor stated that the company achieved the three year Certificate of recognition Health and Safety Program audit endorsement for Alberta, … Read more

Limited time offer – Free Implementation When You Switch to MB-Measure. Our software provides you with a complete measurement solution for meter calibration management, sampling scheduling, compositional analysis and more.

May 3, 2021 by EnergyNow Media

Struggling to manage meter calibrations and sampling schedules? Worried that your analyses are not current and volumetric errors are being made? If you’re frustrated with your current systems and processes, now’s a great time to take a look at MB-Measure. We understand the need for a complete measurement solution, because measurement is the “cash register” … Read more

Positioning Corporate Pipeline Integrity Management Programs (IMP’s) for a Successful AER / SLMS Compliance Audit

May 3, 2021 by EnergyNow Media

SLMS is a Response to a Formal Review of Alberta Pipeline Safety In 2013, Alberta’s Minister of Energy directed the AER to conduct a third-party pipeline safety review. The focus was on the adequacy of pipeline requirements and industry best practices, response to pipeline incidents, pipeline integrity management, and the safety of pipelines at or … Read more

WHITE PAPER: Detecting Toxic Gases with Open Path Systems

May 3, 2021 by EnergyNow Media

Background In February 2015, a Coca-Cola bottling plant in Speedway, Indianapolis initiated emergency procedures after a strong ammonia smell was sensed by 25 workers. The plant was immediately evacuated and a significant emergency response was provided by local Fire Department and Hazmat teams. The source of the leak was an 80,000 gallon tank, which was … Read more

Osperity’s OMNI is an all-in-one solution that helps companies in the energy industry manage their remote locations & assets safely and more efficiently. Includes hardware and AI-Driven analytics for exception-based alerting.

May 3, 2021May 3, 2021 by EnergyNow Media

An Insider’s Guide to the Weird ‘Dinosaurs’ Occupying Calgary’s Office Towers – David Yager

May 3, 2021May 3, 2021 by EnergyNow Media

Originally published by the CBC by David Yager To understand what they’re thinking in the oil and gas company head offices, start with what they read The rest of Canada concluded long ago that the living dinosaurs who occupy the office towers of downtown Calgary are, to put it as nicely as possible, weird. Because … Read more

Waterous Energy Fund Announces the Completion of the Final Step of its Acquisition of Osum Oil Sands Corp.

May 2, 2021 by EnergyNow Media

Waterous Energy Fund Apr 30, 2021 CALGARY, AB, April 30, 2021 /CNW/ – Waterous Energy Fund (“WEF“) and Osum Oil Sands Corp. (“Osum“) are pleased to announce that a special meeting of shareholders (the “Meeting“) of Osum was held earlier today to approve the amalgamation (the “Amalgamation“) of Osum and WEF Osum Acquisition Corp. (“WOAC“), an entity wholly-owned … Read more

Top 30 Gas Flaring Countries – EnergyMinute

May 2, 2021 by EnergyNow Media

Courtesy of ENERGYminute Natural gas flaring, the process of burning off waste or fuel gas, has been heavily criticized for its environmental impact. In 2019, nearly 400 million tons of CO2 equivalent were released as a result of flaring. Some countries have gone to great strides to reduce flaring, meanwhile others have increased its use. … Read more

April Wrap: Oil Posts April Gain With Focus on Upcoming Demand Revival

May 1, 2021May 1, 2021 by EnergyNow Media

Apr 30, 2021 (Bloomberg) Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies offsetting a worsening coronavirus crisis elsewhere.Futures in New York rose this week, extending its monthly gain to 7.5%. The near-certain likelihood of higher fuel consumption in the U.S., China and the U.K … Read more

Oil Sands Region Becomes Canada’s COVID-19 Hotspot

May 1, 2021May 1, 2021 by EnergyNow Media

A truck drives down a street at Syncrude’s oil sands operation on May 23, 2006 near Fort McMurray, Alberta. REUTERS/Todd Korol Canada’s remote oil sands region in northern Alberta has become a COVID-19 hotspot, disrupting essential annual maintenance work at its massive oil sands plants. The oil-rich province of Alberta is battling the highest rate … Read more

Commentary: Canada’s next natural gas market – Asia, where prices are 775% higher

May 1, 2021May 1, 2021 by EnergyNow Media

Running the honest numbers about a decades-long pricing premium By Mark Milke and Ven Venkatachalam A young engineer outside a chemical plant in Hangzhou, China. Getty Images photo If you’ve heard that Canada should skip plans to export natural gas to Asia, including from a few anti-oil and gas academics, you’ll notice one theme that pops up: how … Read more

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