Alimentation Couche-Tard Inc. remains on the path to doubling its pre-tax profits by 2023 as its business moves toward pre-pandemic levels, its CEO said Wednesday.
The Quebec-based convenience store retailer beat expectations in its fourth quarter as …
OTTAWA — The Competition Bureau is seeking to block Secure Energy Services Inc. from buying rival Tervita Corp. because of what it says is the deal’s potential to drive up prices for industrial waste services in the oil and gas sector.
The two compani…
Immigrants employed in oil and gas enjoy higher wages and wage increases than the average of other Canadian industries By Ven Venkatachalam and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo To sign up to receive the latest Canadian Energy Centre research to your inbox email: [email protected] … Read more
DUBAI, June 30 (Reuters) – An OPEC+ panel has warned of “significant uncertainties” and the risk of an oil glut after April 2022, according to an internal report, building a case for extending the current deal that has maintained curbs on supply. The panel, known as the Joint Technical Committee, sees an overhang of crude … Read more
The Mooserboden water reservoir of Austrian hydropower producer Verbund is seen near Kaprun, Austria, August 31, 2016. REUTERS/Leonhard Foeger June 30 (Reuters) – Low-carbon hydropower capacity is vital for a faster integration of wind and solar power, but its growth is set to slow by 23% this decade without a sweeping policy and investment push, … Read more
Reuters June 30 (Reuters) – Goldman Sachs Commodities Research said more oil production is needed from the Organization of the Petroleum Exporting Countries and allies (OPEC+) to balance the market by 2022 as supply risk looms elsewhere. The U.S. bank forecast oil demand to rise by an additional 2.2 million barrels per day (mbpd) by … Read more
Jun 30, 2021 (Bloomberg) Oil is on course for its best half since 2009, extending gains Wednesday ahead of a key OPEC+ meeting that’s expected to bring an increase in supply.Futures in New York rose 0.5% to top $73 a barrel, and are up more than 50% this year. The American Petroleum Institute reported a 8.15 … Read more
Jun 30, 2021 (Bloomberg) Russia will be able to keep pace with any easing of OPEC+ production cuts in both the short and medium term, according to analysts including Bank of America Corp. and Fitch Ratings Inc.As the cartel discusses whether to boost output further in August, there has been renewed speculation about whether record production cuts could … Read more
Jun 29, 2021 (Bloomberg) A small coastal city in Maine has won the support of the Biden administration in its fight against a Canadian oil pipeline in what environmentalists see as a signal that other pipelines could face similar treatment.In a brief filed with the U.S. First Circuit Court of Appeals on Monday, the federal government … Read more
June 29, 2021 CALGARY, Alberta, June 29, 2021 (GLOBE NEWSWIRE) — Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report the results of its annual shareholder meeting and announce the release of its inaugural Environment, Social and Governance (“ESG”) report. SHAREHOLDER MEETING RESULTS The Company held its 2021 annual and special meeting … Read more
June 29, 2021 CALGARY, Alberta, June 29, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces that Mr. Peter Verburg has joined the Petrus Board as an independent director. Mr. Verburg previously served on the Company’s board from 2010 to 2017. He is a Calgary businessman with extensive experience in … Read more
Iggy Domagalski, CEO of Tundra Process Solutions discusses entrepreneurialism in the energy industry, developing a dynamic corporate culture that puts people first, and what customers can expect after Wajax acquired Tundra Process Solutions earlier this year. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or see more interviews at anchor.fm/globalenergyshow
During these challenging times, Federated Co-operatives Limited is working to serve our local co-ops, customers, and communities. We are committed to supporting our local co-ops and the communities they serve. Working together to provide essential services to communities across Western Canada, we are hiring a Manager, Product Supply (temporary, up to 2 years) on a … Read more
Enhanced Analytics With Data Functions And Mods Thank you to the Society of Petroleum Engineers (SPE) for having us and extending the invitation to do a Tech Talk for your community of amazing companies and individuals. It was a great opportunity to connect and to share our incredible insights, watch the video to find out … Read more
By Vista Projects An electrical arc flash is as common as it is dangerous. It’s estimated that 5-10 arc fault incidents occur daily in the United States, resulting in 400 fatalities annually. An arc flash is like an electrical grenade going off without warning and within feet of workers. The extreme heat, light, and blast … Read more
“A team you can count on. A product you can trust.” It is very impressive to see a company awarded as #1 fabricator in Western Canada. Gemini leveraged Six Sigma which helped a strong company get even stronger. Very commendable! Travis Sharpe has been the recipient of this year’s award for “Energy Leader of the … Read more
Most of Alberta’s energy wells no longer hold enough oil and gas to pay for their cleanup and the public should take them over to ensure their remaining revenue funds remediation, a new report concludes.
“It is a radical idea,” said Regan Boychuk of t…
‘We wanted to let other people know that all the Native Americans don’t oppose the pipeline’ By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy of Gordon United, LLC. On the White Earth Reservation in northwest Minnesota, Matt Gordon takes great pride that his family’s … Read more
Jun 29, 2021 (Bloomberg) Oil erased earlier losses with the market looking for its next direction from an OPEC+ meeting this week and the spread of the delta variant of Covid-19.Futures in New York edged higher, topping $73 a barrel. The infectious variant has resulted in a spike in U.K. cases and is taking a toll on mobility … Read more
DUBAI, June 29 (Reuters) – Saudi Aramco (2222.SE) has invited banks to pitch for an advisory role to help finance the sale of a significant minority stake in its gas pipelines, the oil giant’s second major midstream deal after a $12.4 billion deal for oil pipelines, three sources said. Aramco has already hired Morgan Stanley (MS.N) as an … Read more
DETROIT, June 29 (Reuters) – You glide silently out of the Tesla (TSLA.O) showroom in your sleek new electric Model 3, satisfied you’re looking great and doing your bit for the planet. But keep going – you’ll have to drive another 13,500 miles (21,725 km) before you’re doing less harm to the environment than a gas-guzzling saloon. … Read more
Report demonstrates ongoing commitment to transparent disclosure June 29, 2021 08:00 ET | Source: Cenovus Energy Inc CALGARY, Alberta, June 29, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has published its 2020 environmental, social & governance (ESG) data report, the first for the company following its combination with Husky Energy Inc. on January 1, … Read more
Imagine everyone on your oilfield services team can work anytime, anywhere – sharing operational information efficiently not only when they are online and but also when they work in remote offline locations. From dispatching jobs, renting out equipment to performing inspections and maintenance, you have everyone’s tickets and field forms in place on-time, signed and secure. No more lost, damaged or inaccurate paper tickets, frustrated staff, rejected invoices and delayed payments. The nature of the oilfield services work is such that you have to go to places and deliver services and equipment where there’s limited convenience of being always connected to … Read more
Precise Downhole Solutions’ Resonant Frequency Transducer (RFT™) sensor is the industry’s most advanced electronics-free downhole high-pressure/high-temperature pressure sensor designed to operate in the harshest environments. Precise Downhole Solution’s RFT permanent gauge systems consistently deliver accurate, high-resolution pressure and temperature measurements. The RFT sensor utilizes a pressure-sensitive diaphragm in conjunction with a frequency dependent resonating element. … Read more
You may have seen first-hand how hard it can be to provide clean water for your workforce living on remote worksites. From the oil fields in the Permian to large-scale development projects across North America, the barriers are real. For 7 years, WaterFleet has dedicated themselves to resolving complex water-supply issues by designing pioneering mobile technologies … Read more
“At Scovan, we are passionate about developing projects with clean, renewable energy, while protecting the environment and giving back to the community.” Donovan Nielsen President, Scovan Engineering There is a global movement right now for a better environment, a more equitable society, and transparent leadership. Beyond our investment into innovation and technology, Scovan is committed to making a difference in areas of … Read more
Fabric buildings require a low-cost investment compared to traditional buildings, and lower operational needs to save you and your company money. On top of these benefits, companies like Cobra Structures use their superior engineering when constructing warehouses for commercial mining and exploration operations. This allows you to get your building to your exact site load, … Read more
Reuters The entrance to Enbridge Inc.’s crude oil storage tank farm in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. REUTERS/Nick Oxford/Files June 28 (Reuters) – Enbridge Inc (ENB.TO) said on Monday it has closed its inaugural sustainability-linked bond (SLB), the first company in the midstream sector to raise sustainable bonds in North America, as … Read more
Jun 28, 2021 (Bloomberg) The top banker in western Europe’s biggest oil producer says she’s ready to fight the growing number of activists pressuring her to stop funding the petroleum industry.Kjerstin Braathen, the chief executive of Norway’s biggest bank, DNB ASA, says fossil-fuel divestment and exclusion are “dangerous” ways to try to reduce carbon emissions. Her … Read more
WINNIPEG, Manitoba, June 28 (Reuters) – In the shadow of Canada’s mega oil sands projects, smaller, technologically outdated facilities are churning out up to three times more emissions per barrel than the sector’s already high average. These projects present another challenge to Canada’s goal to cut emissions by 40-45% by 2030. With oil prices near … Read more
‘We want to take part in climate action, but do it in a responsible way where Canada is a world leader’ By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Justus Otto graduated from the University of Alberta with a Bachelor of Commerce in 2020. Photo for … Read more
LONDON, June 28 (Reuters) – OPEC’s forecasts point to an oil supply deficit in August and in the rest of 2021 as economies recover from the pandemic, suggesting the group and its allies have room to raise output at a meeting this week. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, … Read more
June 28, 2021 CALGARY, Alberta, June 28, 2021 (GLOBE NEWSWIRE) — The Boards of Directors and the largest shareholders of each of Kiwetinohk Resources Corp. (“Kiwetinohk”) and Distinction Energy Corp. (“Distinction”) have agreed to combine the businesses of Kiwetinohk and Distinction under a plan of arrangement pursuant to applicable corporate law (the “Arrangement”). Through the … Read more
Jun 28, 2021 (Bloomberg)Oil held steady near the highest level since 2018, with an OPEC+ meeting this week expected to bring supply increases that won’t keep pace with the global demand recovery.Futures in New York traded near $74 a barrel after rising 1% on Friday. The Organization of Petroleum Exporting Countries and its allies will … Read more
Summary Oil price gains raise the ante but shale producers sit pat Restraint gives OPEC room to add more oil to global market Biggest shale firms focus on improving returns, not volumes June 28 (Reuters) – Even with oil prices surging toward $75 a barrel, U.S. shale producers are keeping their pledges to hold the … Read more
“We, as a company, are invested in the quality of our own data—much more than any third party,” said Alan Lee, Manager of Asset Integrity. “We needed to bring asset integrity in-house and find a solid data management system to support the program.” Download/View PDF version HERE Overview Like many energy companies, Sinopec Daylight engaged … Read more
If you are in the market to buy your first industrial label printer, here is a quick cheat sheet of features and benefits to look out for when comparing models and suppliers. WHAT TO WATCH FOR WHEN BUYING AN INDUSTRIAL LABEL PRINTER Print Resolution: refers to how crisp the image, letters or numbers appear on the … Read more
Increasing global energy demand, highly volatile oil prices and strict environmental regulations put a lot of pressure on the oil and gas industry. The energy demand post COVID-19 is expected to increase. At the same time, energy is to be produced at lower cost with less emissions what can not be achieved without innovation. Advanced … Read more
It has been said that air compressors make better furnaces than they do pneumatic power systems, and there’s a good reason for that. What is an air compressor? In a sense, it is a “converter”. Specifically, it is a machine that converts a form of INPUT energy into POTENTIAL energy, which can easily be stored … Read more
By Sébastien Grégoire, P.Eng. at BBA Consultants and Adrian Petre, P.Eng., F.S.Eng., R.M. at Westech Industrial For processes using combustible or toxic materials, it is important to include a fire and gas detection system that will act effectively in the event of a leak or ignition. There are several technologies and design methods available, each … Read more
EV’s PerforationVA service provides the definitive quantified picture of cluster efficiency. By helping operators improve frac performance and reservoir to well connectivity, PerforationVA improves long-term recovery and production economics, whilst helping to ensure the spend on fracturing is more cost-effective. Watch the video to find out more: https://www.evcam.com/case-studies/the-definitive-quantified-picture-of-cluster-efficiency/ EV help well operators identify, understand, and … Read more
Canada’s drilling rig count is up 9 active drilling rigs according to data collected by Baker Hughes for the week ending June 25, 2021. From one week ago, Alberta rig counts increased 5 to 76 and the Saskatchewan rig counts increased 4 to 31. Oil drilling increased 8 to 82 and gas increased 1 to … Read more
Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline & infrastructure companies with regular updates. We hold quarterly subscriber webinars and provide Action … Read more
OTTAWA, ON, June 24, 2021 /CNW/ – Canada and the United States are strengthening their bilateral energy relationship. The North American energy sector is highly integrated, supporting workers and bringing economic benefits to both sides of the border. The Honourable Seamus O’Regan Jr., Minister of Natural Resources, and Jennifer Granholm, the United States Secretary of Energy, participated in today’s signing ceremony of a Memorandum … Read more
See More Great Information from ENERGYminute HERE Think You Pay a Lot for Gas? Ranking gasoline prices around the world, country by country. Given that the price for crude oil is relatively constant around the world, it’s surprising the price of gasoline, a refined product of crude oil, is so varied.
Jun 25, 2021, 10:51 AM (Bloomberg) The accelerating shift to cleaner energy poses a challenge for global oil demand in the next decade, according to a Bloomberg Intelligence survey, but responses were divided as to whether consumption will return to pre-pandemic highs.About 39% of respondents see demand slightly above the pre-Covid level of 100 million barrels … Read more
CALGARY — Alberta’s trade envoy to Washington said the province needs to do a better job of promoting the role it can play in clean energy for the U.S.
James Rajotte told an Edmonton business crowd Friday that despite the cancellation of the Keystone…
June 25 (Reuters) – U.S. energy firms kept the number of oil and natural gas rigs unchanged this week but added rigs for an 11th month in a row as some drillers returned to the wellpad with crude prices at their highest since 2018. The oil and gas rig count, an early indicator of future … Read more
CALGARY, AB, June 25, 2021 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces that it has finalized the credit facility (the “Facility”) redetermination with its syndicate of lenders, and provides an operational update. Credit Facility Update Bonterra and its syndicate of lenders have agreed to amend the Facility as follows: Reflecting the Company’s … Read more
Summary Oil demand and emissions show steep rise in 2021 Swiss voters reject idea to pay up to help cut emissions Politicians unwilling to take uncomfortable decisions NEW YORK/LONDON, June 25 (Reuters) – Governments around the world have been slow to take uncomfortable decisions to persuade consumers to cut energy consumption to help achieve climate … Read more
CPP Investments has no plans to divest By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter John Graham, CEO of CPP Investments. Photo courtesy CPP Investments Canada’s pension investment fund says conventional energy (ie. oil and gas) will play a crucial role to lower emissions in the … Read more
Jun 25, 2021 (Bloomberg) Oil headed for a fifth weekly advance, the longest winning streak since December, as shrinking stockpiles added to signs that global markets are bouncing back from the pandemic.Futures have increased by 2% in New York this week, while global benchmark Brent is at the highest level since October 2018. Prices are drawing … Read more
MADRID, June 24 (Reuters) – Potent demand for offshore wind power has turned old industry enemies into allies as energy majors associated with fossil fuels team up with utilities, the chief executive of global wind power group Iberdrola (IBE.MC) told Reuters. Planting turbines twice the height of the Statue of Liberty off the world’s windiest coastlines … Read more
Jun 24, 2021 (Bloomberg) Enbridge Inc.’s first sustainability-linked bond allowed the North American pipeline operator to cut borrowing costs compared to the interest on its regular securities.The Calgary-based company sold $1 billion of the 12-year securities to yield to 2.54%, that’s at least five basis points tighter than where the company’s regular debt would’ve priced, said … Read more
WASHINGTON/MADRID/BOSTON, June 24 (Reuters) – Power company executives argued during a global energy conference this week that natural gas will have a long-lasting role in the transition to a climate-friendly global economy, even as environmental groups, progressive politicians, and intergovernmental organizations contend fossil fuels of all types must be phased out fast to stop global … Read more
CALGARY — Oilfield services company Ensign Energy Services Inc. says it has signed a deal to buy the Canadian drilling assets of Nabors Industries Ltd.
Financial terms of the agreement were not immediately available.
The companies say the deal include…
Jun 24, 2021 (Bloomberg) Calgary, the center of Canada’s oil and gas industry, has lost senior investment bankers from Morgan Stanley, Barclays Plc and Citigroup Inc., a signal of banks’ new approach to the energy sector and declining deal flow.The departures reflect a variety of forces, including a shrinking pool of major oil producers in the … Read more
Dudley speaks with IHS Markit Vice Chairman Daniel Yergin for a new edition of CERAWeek Conversations – available at https://ondemand.ceraweek.com/cwc June 24, 2021 08:56 AM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–In the first episode of the CERAWeek Conversations series for 2021, Bob Dudley, chairman of the Oil and Gas Climate Initiative (OGCI), discusses how the post-pandemic recovery of energy demand “shows … Read more
Gas detection is a key part of a modern plant’s safety and asset monitoring system. Most plants likely have a permanent gas detection setup to alert operators when there are critical issues. Temporary systems can help when a permanent solution isn’t needed. What isn’t thought about as often is areas that may not need gas … Read more
Decision goes against the view of most Canadian institutional investors By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo The University of Waterloo plans to divest its pension and endowment funds from oil and gas, while its donor list includes millions from oil … Read more
IHS Markit 10-year forecast expects oil sands production in 2030 to be 3.6 million barrels per day, well above current level, but lower than prior projections June 23, 2021 1 CALGARY, Alberta–(BUSINESS WIRE)–Canadian oil sands production has fully recovered from last year’s “COVID-19 Shock”—the largest contraction of upstream production in Canadian history—and has exceeded pre-pandemic … Read more
CALGARY, Alberta, June 23 (Reuters) – Enbridge Inc (ENB.TO) said on Wednesday construction on its Line 5 oil pipeline tunnel under the Great Lakes will be delayed, after the U.S. Army Corps of Engineers announced the project will undergo a tougher environmental review. Calgary-based Enbridge had planned to start building the $500 million tunnel beneath the … Read more
CALGARY, AB, June 24, 2021 /CNW/ – Journey Energy Inc. (TSX; JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) reports that it has today entered into a definitive agreement for the acquisition of a private company. ACQUISITION OF PRIVATE COMPANY Journey today entered into a definitive agreement to purchase a private company producing approximately 610 boe/d (76% natural … Read more
Calgary, Alberta–(Newsfile Corp. – June 24, 2021) – Briko Energy Corp. (“Briko” or the “Corporation”) is pleased to announce that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Journey Energy Inc. (“Journey”), pursuant to which Journey will acquire all the issued and outstanding common shares of Briko by way of Plan of Arrangement … Read more
CALGARY, AB, June 24, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) is pleased to announce the closing of the final stage of the asset disposition, an operational update and renewal of its credit facilities. ASSET DISPOSITION As disclosed in the Corporation’s January 29, 2021 news release, Altura amended the payment schedule of the second transaction in … Read more
Jun 24, 2021 (Bloomberg) The global oil market is calling out for a substantial increase in supplies, but OPEC+ is expected to provide only a fraction of what consumers are demanding.International crude prices have soared to a two-year high of more than $75 a barrel as demand bounces back from the pandemic slump. With talk swirling of a … Read more
Jun 24, 2021 (Bloomberg) Oil reversed gains as traders paused to take stock of a recent surge in prices in a tightening market.West Texas Intermediate futures were 0.9% lower. Prices gained as much as 0.7% earlier after U.S. gasoline stockpiles unexpectedly fell last week, while nationwide crude supplies dropped for a fifth week in the longest … Read more
Jun 24, 2021 (Bloomberg) Crude oil inventories in America’s largest storage hub could fall to historically low levels by the end of September as the demand rebound continues to outpace production.Stockpiles in Cushing, Oklahoma, the delivery point for West Texas Intermediate oil futures fell nearly 4 million barrels in the last two weeks, bringing inventories to … Read more
We are a remote sensing technology company focused on democratizing the collection of 3D data. By lowering equipment costs and eliminating the need for advanced software and specialized training, we deliver accurate, high resolution 3D scanning technology to the world. Our technology is used by survey companies, field data collectors and anyone interested in modeling … Read more
According to our customers, below are 9 features that a modern portable label printer should include. Our customers feel these points make a difference in the ease, usability and performance in industrial labeling tasks and are must-haves in any new printer purchases. 1) Must be a Small Compact Unit in a Durable Hard-Sided Case Holds printer, supplies, … Read more
OTTAWA, June 22 (Reuters) – After Prime Minister Justin Trudeau held a cordial first meeting with U.S. President Joe Biden in February, marking an end to years of battles with the Trump administration, a relieved Canadian official said, “We feel we are off to the races here.” But old trade disputes that flared up during … Read more
CALGARY, AB, June 23, 2021 /CNW/ – Gear Energy Ltd. (“Gear“) (TSX: GXE) is pleased to announce that it has successfully completed its annual borrowing base redetermination with the maturity date extending to May 27, 2023. Annual Borrowing Base Redetermination Over the last year and a half, Gear has focused on substantially improving its balance sheet. This has translated … Read more
375 MW solar farm in Vulcan County is Amazon’s second renewable energy project in Alberta, bringing the company’s investment in Canada to more than 450 MW, which will allow it to supply its local operations with more than 1 million MWh of renewable energy Amazon is already the largest corporate buyer of renewable energy globally and continues to … Read more
Summary Powering oil platforms from shore reduces Norwegian emissions Competition for onshore grid connection is strong Critics say power for oil industry is greenwashing OSLO, June 23 (Reuters) – Norway’s oil and gas industry is counting on renewable power from hydro plants to cut emissions from its offshore platforms but rival demand from the green … Read more
Jun 23, 2021 (Bloomberg) Oil in London advanced to a fresh two-year high above $75 a barrel, as industry data pointing to another drop in U.S. crude stockpiles reinforced a bullish picture for global markets.The nation’s inventories slid by a substantial 7.2 million barrels last week, the American Petroleum Institute reported, according to people familiar with … Read more
June 23 (Reuters) – The Canada Energy Regulator (CER) has issued a notice allowing Trans Mountain Corp to resume work on its Trans Mountain Expansion (TMX) oil pipeline project. The company was ordered in April to halt work on a section of the project in Burnaby, British Columbia, for four months to protect hummingbird nests. read more … Read more
Terralog Technologies Inc. has developed the Slurry Fracture Injection (SFI) process as an advanced deep well disposal process for upstream petroleum industry waste streams. The SFI process is a field-proven Zero-Discharge waste disposal technology used extensively around the world for more than 20 years site remediation of oilfields and disposal of E&P waste streams. SFI … Read more
June 23, 2021 CALGARY, Alberta, June 23, 2021 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) today announced that Mr. Gerry Sheehan is joining its Board of Directors, effective July 1, 2021. Mr. Sheehan has worked continuously in international oil and gas exploration, development, and production for over 38 … Read more
CALGARY, AB, June 22, 2021 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) and Astra Oil Corp. (“Astra”) announce that they have entered into an arrangement agreement (the “Arrangement Agreement”), pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of Astra (“Astra Shares”) by way of a statutory … Read more
NCS Fluid Systems sewer bypass professional engineers and system designers have years of bypass experience and understand that knowing all aspects of the project is the critical first step. The amount of waste material required to be bypassed varies throughout the day, therefore the temporary system must accommodate these changes in flow. Typically, the peak … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Due to a flurry of changes in the workforce of many organizations in … Read more
Candice Paton, Director, Regulatory Affairs & External Relations at Enhance Energy discusses the Alberta Carbon Trunk Line, advancements across the carbon value chain, and working with the Government of Alberta and AER to build an MMV (monitoring, measurement and verification) plan to verify offset credits in Alberta. To learn more about the Global Energy Show, … Read more
The unique axial flow design of the Sur-Flo SF10V valve is engineered to maintain pressure under tough conditions. Perforations in the cone assembly allow fluids to pass through the valve without affecting performance. It’s a design advantage that has made our client’s job easier. He’s had no maintenance issues on these valves since he installed … Read more
WINNIPEG, Manitoba/CALGARY, Alberta, June 22 (Reuters) – Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge: not only is its economy dependent on oil production, but the Canadian oil industry’s carbon emissions are among the world’s highest for every barrel of oil it pumps. The Canadian oil … Read more
The pipeline industry is unique in that every decision is overwhelmed with relevant data. Each network of pipeline includes thousands of ever-changing variables – from on-site equipment to employees. Keeping track of thousands of evolving data points using a paper-based report system is time consuming and error prone. In an industry in which a single … Read more
Gradual improvements in drilling and completion technology have enabled operators to increase lateral lengths and stage counts, and decrease stage spacing to attain greater reservoir coverage. Packers Plus is a leading innovator of these improvements in multi-stage completion systems and the latest iteration of the StackFRAC® system was specifically designed to provide high stage count … Read more
The Low-Temperature Distillation (LTDisTM) technology is a patented, award-winning technology licensed in Canada to Integrated Sustainability by Crystal Clearwater Resources (CCR). This cutting-edge technology is a low-temperature and low-pressure desalination process to treat challenging and variable saline wastewater that cannot be treated economically by traditional means. CCR has partnered with Integrated Sustainability to both mature … Read more
By Matt Caserta Global trends towards lowering greenhouse gas emissions has forced energy companies to reevaluate their operating strategies. The challenge is time and concepts to achieve a “net zero,” which means looking at alternative feedstocks and new processes. These pressures are leading towards a global energy transition. While some biofuel processes have been around … Read more
The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply. The chief executive officers of Royal Dutch Shell Plc and TotalEnergies SE joined major commodity traders and banks in predicting that oil could go as high as $100 … Read more
General manager and CEO of Enel Group Francesco Starace poses during 2018 Reuters Breakingviews Predictions event in Milan, Italy, January 31, 2018. REUTERS/Alessandro Garofalo/File Photo MILAN, June 21 (Reuters) – A shortage of personnel and basic materials are the main constraints to the pace of the energy transition for top power suppliers such as Europe’s … Read more
CALGARY, AB, June 22, 2021 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) is pleased to announce the release of its 2021 Sustainability Report (the “Report”). The Report is highlighted by the Company’s increased target for emissions intensity reduction, an increase from 30 to 50 percent by 2025, including a 70 … Read more
June 22, 2021 13:44 ET | Source: Bellatrix Exploration Ltd. CALGARY, Alberta, June 22, 2021 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a transaction (the “Transaction”) pursuant to which 1184262 B.C. Ltd. (the “Purchaser”), an affiliate of Hillcore Group Ltd. (“Hillcore”), will acquire 33,433,255 new common shares issued by Bellatrix (the “Purchased Shares”), … Read more
CALGARY, AB, June 22, 2021 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSXV: SDE) is pleased to announce strategic asset acquisitions in the Gold Creek and Simonette areas. Total consideration for the acquisitions is approximately $10.1 million in cash, subject to certain closing adjustments. In addition, Spartan is also pleased to provide an update on the Company’s operations. ACQUISITION HIGHLIGHTS … Read more
Jun 22, 2021 (Bloomberg) Oil retreated after hitting $75 a barrel in London for the first time in over two years, as Russia and other OPEC+ nations were said to consider increasing production next week.Brent crude edged above $75 in Asian trading hours as price indicators and inventory data showed that demand continues to outstrip supply. … Read more
Jun 22, 2022 (Bloomberg)OPEC+ is discussing whether to further boost production at next week’s meeting as the oil market looks increasingly tight.Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter. Other OPEC+ nations are also discussing a potential … Read more
June 21, 2021 CALGARY, Alberta, June 21, 2021 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) is pleased to announce that effective July 1, 2021, Steve Glanville, VP Operations and Chief Operations Officer will assume the role of President and Chief Operations Officer. Mr. Glanville will remain focused on the Company’s North American operations, however … Read more
June 21, 2021 CALGARY, Alberta, June 21, 2021 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, “our”, or “the Company”) (TSX:PKI) is pleased to announce plans to launch the largest network (by site count) of Electric Vehicle (“EV”) ultra-fast chargers in British Columbia (“BC”), Canada. Strategically located on major highways and in key cities and towns … Read more
Report Re-affirms Commitment to Net Zero Emissions by 2050 June 22, 2021 NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, June 22, 2021 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) is pleased to release its inaugural ESG Report. This announcement is the culmination of more than … Read more
Qnergy (q-ner–gy) is the world’s leading clean technology manufacturer of Stirling energy systems, designing and manufacturing the PowerGen stand-alone power generator. The Free Piston Stirling Engine design delivers unparalleled reliability. Our engine is a closed system which requires no lubrication, maintenance or repair, delivering tens of thousands of hours of uninterrupted operation. Qnergy’s newest program … Read more
The economy is facing renewed optimism with communications of staged reopening conditions this summer, and organizations must again readjust and react to market volatility. At our Second Quarter Accounting & Tax Update, KPMG is committed to helping you navigate the changes to the accounting, regulatory and tax landscapes that are impacting you and your organization. … Read more
June 21, 2021 CALGARY, AB – The Petroleum Services Association of Canada (PSAC) Board of Directors is pleased to announce that effective June 28, 2021, Gurpreet Lail has been named President and CEO of PSAC. Lail is a proven executive with a track record of leadership success building alliances, developing value added programs, growing revenues, fund raising and … Read more
After just telling democracies to end oil investment, the IEA now wants illiberal regimes to turn on the taps By Mark Milke Canadian Energy Centre The OPEC logo is seen at the organization’s headquarters in Vienna, Austria. Getty Images photo What a difference a month makes.Back in May, the International Energy Agency (IEA) told the world that if … Read more
Inter Pipeline Ltd. has rejected a revised hostile takeover offer by Brookfield Infrastructure Partners LP that allows shareholders to receive their payment entirely in cash instead of a mix of cash and shares if they want. The company urged shareholders to reject the offer and support its friendly all-stock deal to be bought by Pembina … Read more
Brookfield’s “Total Return Swap” With Unnamed Parties Requires Full Disclosure and Should Not be Allowed to Interfere with Shareholders’ Ability to Choose the Pembina – Inter Pipeline Transaction CALGARY, AB, June 21, 2021 /PRNewswire/ – Pembina Pipeline Corporation (“Pembina“) (TSX: PPL) (NYSE: PBA) today announced that Pembina and Inter Pipeline Ltd. (“Inter Pipeline“) (TSX: IPL) have filed cross-applications with the Alberta … Read more
Jun 21, 2021 (Bloomberg) Oil held near $72 a barrel as inconclusive nuclear talks between world powers and Iran — which has elected a new hardline president — allayed prospects for a swift revival of the Islamic Republic’s crude exports.Futures in New York were little changed after increasing for a fourth week. Diplomats adjourned a sixth round of meetings with … Read more
Reuters DUBAI, June 21 (Reuters) – Countries in the oil-exporting Gulf will remain heavily dependent on hydrocarbon production for at least the next ten years as efforts to diversify economies have made limited progress since the 2014-2015 oil price shock, Moody’s said. Reliance on the energy sector will be the “key credit constraint” for the … Read more
Summary Too few areas made available now for offshore wind Equinor wants to become leader in the field Eyes U.S., Europe, South Korea and Japan for development Also betting on carbon capture and storage OSLO, June 21 (Reuters) – Countries worldwide should make more offshore areas available for wind farms than they do currently if … Read more
June 21 (Reuters) – BofA Global Research raised its Brent crude price forecasts for this year and next, saying that tighter oil supply and demand balances in 2022 could push oil briefly to $100 per barrel. “We believe that the robust global oil demand recovery will outpace supply growth over the next 18 months, further … Read more
Construction just marked a big milestone at the B.C. coast. Work is now underway on a 2.6-kilometre tunnel through Burnaby Mountain, a massive engineering effort that the project has been preparing for more than six years. The tunnel is required to minimize impact of the expansion on the local community, Trans Mountain says. Specialized boring equipment will … Read more
By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Visitor centre and municipal building in the small village of Valemount, B.C. Photo courtesy Village of Valemount Tourism-based communities in B.C. are getting a boost from work on the Trans Mountain expansion, which is helping reduce the … Read more
Partnering with Viper, Osperity can now provide a reliable way of detecting fugitive emissions in industrial settings. Viper’s technology will work seamlessly with Osperity’s visual monitoring platform, meaning clients can rely on automated inspection reports, monitoring and exception-based alerting which will greatly assist industrial companies to further improve environmental initiatives, HSE compliance with automated leak … Read more
Hear from CEO, Abu Bizimana, on his story and testimonial for Bizi Transport. Learn more by visiting www.bizitransport.com or contact [email protected].
Get ready for the September rush by expanding your virtual sales knowledge and develop a proven sales process. Get more meetings and start closing deals faster by getting started now. Training is valued at $1,500 and includes a 90 minute session with one of our leading sales coaches. *limit of 6 teams trainings available Apply … Read more
At the heart of Mirandus Medical is family, a love of science and medicine, and a dedication to professionalism and helping others. Jennifer and Ryan, a dynamic mother and son team, are the heart of this industrial first aid company. Jennifer started the company in 2006. During this time, her career has seen many highlights, … Read more
EV are hosting a range of public webinars on knowledge sharing topics. These webinars are hosted as open sessions, on Microsoft Teams, for anyone in the Oil and Gas Industry to join in at no cost. The upcoming webinar will focus on the application of PerforationVA and how EV are helping leading operators improve frac … Read more
Canada’s drilling rig count is up 24 active drilling rigs according to data collected by Baker Hughes for the week ending June 18, 2021. From one week ago, Alberta rig counts increased 19 to 71 and the Saskatchewan rig counts increased 1 to 27. Oil drilling increased 15 to 74 and gas increased … Read more
June 18 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude prices rose to their highest since 2018, prompting some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose nine to 470 … Read more
DENVER, June 17 (Reuters) – As oil climbs above $70 a barrel for the first time in almost three years, oilfield firms are reporting prices for their services and equipment have bottomed and many are fielding more calls for jobs. U.S. crude production, which plummeted during the coronavirus pandemic, is ticking back up, despite generally … Read more
From ENERGYminute Go to ENERGYminute for More Great Information Follow ENERGYminute on Linkedin by Michelle Heath and Aaron Foyer Jun 17th 2021 | Emissions, Energy, Oil & Gas, Oil Markets Oil sands are located in a number of countries globally like Venezuela, United States, Russia and Canada, with the Athabasca deposit in Alberta being the largest. In 2019, the world’s total proved … Read more
From: Natural Resources Canada News release June 18 2021 Ottawa, Ontario … Read more
Summary Shale outlook discussed at Tuesday OPEC technical meeting U.S. output growth seen at about 200,000 bpd in 2021 Capital discipline remains focus for shale companies, OPEC told OPEC meets to decide output policy on July 1 LONDON, June 18 (Reuters) – OPEC officials heard from industry experts that U.S. oil output growth will likely … Read more
TORONTO, June 17 (Reuters) – Canadian energy regulators said on Thursday a coal mine proposed by a unit of Australian billionaire Gina Rinehart’s Hancock Prospecting Pty Ltd in the Rocky Mountains of Alberta is not in the public interest, dealing a blow to the project. A joint provincial and federal review panel found the significant … Read more
Jun 17, 2021 (Bloomberg) Enbridge Inc. released a framework for the issuance of sustainability-linked bonds — the first for a North American pipeline company — as it pushes to improve its environmental credentials. The bonds would tie borrowing costs to key performance indicators including reducing carbon emission, increasing the representation of women on its board of … Read more
Jun 18, 2021 (Bloomberg) Oil fell for a second day, dropping toward $70 a barrel in New York, as the Federal Reserve’s plan for interest-rate hikes derailed bets on commodities.West Texas Intermediate futures slipped 1% after the biggest decline in four weeks on Thursday amid a broad selloff in materials from copper to nickel. Investors are … Read more
Jun 18, 2021 (Bloomberg) The future of China’s vast oil-refining industry may hinge on what government investigators find in the small seaside city of Panjin.This little-known energy hub about 300 miles east of Beijing has emerged as the focal point of a probe that industry insiders say could shift the balance of power from the private sector … Read more
By Divya Balji Jun 17, 2021 Foreign investors are piling back into Canada’s $3.2 trillion stock market after a pandemic-driven exodus. The nation’s equities are on pace to record the highest foreign inflows since 2017, adding $22.7 billion as of the end of April, according to Bloomberg calculations based on Statistics Canada data. Overseas investors … Read more
TORONTO — Brookfield Infrastructure Partners LP has revised its hostile takeover offer for Inter Pipeline Ltd. to give shareholders the option to receive their entire payment in cash, instead of a mix of cash and shares, if they desire.
The company al…
Jun 16, 2021 (Bloomberg) A nuclear fusion startup backed by billionaire Jeff Bezos will build its first pilot power plant outside of London, potentially accelerating a new way of generating clean energy.Canada’s General Fusion Inc. is one of about two dozen startups trying to harness the power that makes stars shine. Rather than splitting atoms like in traditional … Read more
Jun 17, 2021 (Bloomberg) Marathon Oil Corp. used to represent everything that was wrong with U.S. shale: enormous debtloads, lavish executive pay and a seeming willingness to spend whatever it took to boost output. The company hemorrhaged money, and the stock plunged 84% from a peak in 2014 through the end of last year.This year, CEO … Read more
By Koleya Karringten As someone who chose to build my technology businesses and raised my family in Alberta, it’s almost impossible to feel detached from our oil and gas industry – or not impacted by its vocal critics. As one of the biggest economic drivers in Canada, our petroleum countries have helped make us one … Read more
Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline & infrastructure companies with regular updates. We hold quarterly subscriber webinars and provide Action … Read more
Canada’s oil and gas sector already enjoys a world-leading record on Environmental, Social and Governance (ESG) metrics. And just a few days ago, the industry announced another innovative initiative that will continue to cement Canada’s position as a global energy supplier of choice for environmental and climate conscious consumers. The Oil Sands Pathways to Net-Zero … Read more
Media Contact: Art George | +1 610 481 1340 Investor Contact: Simon Moore | +1 610 481 7461 Air Products (NYSE:APD), the world leader in hydrogen production, and its subsidiary Air Products Canada Ltd., in conjunction with the Government of Canada and the Province of Alberta, today announced a multi-billion dollar plan to build a landmark new net-zero … Read more
Jun 17, 2021 (Bloomberg) Oil traded near $72 a barrel as investors weighed signs of a tightening global crude market against the Federal Reserve’s decision to start moving toward an end of its ultra-easy monetary policy.West Texas Intermediate was 0.4% lower, and Brent also fell. On Wednesday, Fed Chairman Jerome Powell said officials would begin talks … Read more
Jun 16, 2021 (Bloomberg) Saudi Arabia’s cautious approach to reviving OPEC+ oil output has been proved correct, said Energy Minister Prince Abdulaziz bin Salman.After a year of oil market turmoil due to the coronavirus pandemic, fuel consumption is seeing robust growth and the International Energy Agency is calling for the cartel to boost supplies. Yet, in … Read more
All financial figures are approximate and in Canadian dollars unless otherwise noted June 17, 2021 CALGARY, Alberta, June 17, 2021 (GLOBE NEWSWIRE) — Pembina Pipeline Corporation (“Pembina” or “PPL”) (TSX: PPL; NYSE: PBA) and TC Energy Corporation (“TC Energy”) (TSX, NYSE: TRP) are pleased to share their plan to jointly develop a world-scale carbon transportation … Read more
(St. John’s, NL – June 16, 2021) Below is a statement from Noia CEO Charlene Johnson on the announcement this evening that an agreement in principle has been reached for the Terra Nova Floating Production Storage and Offloading (FPSO) Asset Life Extension project. “This announcement is long-awaited positive news for our offshore oil and … Read more
June 16, 2021 CALGARY, Alberta, June 16, 2021 (GLOBE NEWSWIRE) — Suncor today advised that the co-owners of the Terra Nova Floating, Production, Storage and Offloading (FPSO) facility and associated Terra Nova Field (“Terra Nova” or “the project”) have reached an agreement in principle to restructure the project ownership and provide short-term funding towards continuing … Read more
CALGARY — The beleaguered Terra Nova oilfield off the coast of Newfoundland and Labrador could live to pump another day after its owners reached a restructuring agreement in the eleventh hour Wednesday.
The oilfield’s seven owners will shuffle their s…
Plants and manufacturing facilities face weighty economic challenges in their operating environments. Even assuming supply chain disruptions and other pandemic-related issues soon abate, the overall operating climate for many companies remains challenging. As upper management weighs the benefits of adopting significant (and costly) improvements such as Industrial Internet of Things (IIoT) technology, they are also … Read more
Calgary, AB- June 17 2021. Scovan Engineering Inc. (Scovan) and Matter Global Solutions (Matter) have committed to a partnership for the purposes of developing Renewable Natural Gas projects within Canada. In March 2020, The British Columbia Utilities Commission approved a biomethane / Renewable Natural Gas (“RNG”) purchase agreement (to a maximum of $30/GJ) between FortisBC … Read more
Keeping track of all of your project locations and activities is hard. You need a way to visualize what is happening and where. The good news is that GIS software is now accessible to your whole team and it all starts with a plan on a map. Built on an intuitive map-based interface, Matidor.com delivers … Read more
Greenhouse gas emissions, in the form of methane, have been identified by industry, government, and the general public as an environmental issue which must be addressed. Techmation has experienced technicians and is familiar with all aspects of performing methane abatement activities. With our extensive experience in GHG abatement projects, Techmation has become a specialist in … Read more
World-leading resources, oil and gas expertise driving skin in the game By Geoff Geddes Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter An Atlas V rocket with NASA’s Perseverance Mars rover launches from Cape Canaveral Air Force Station in July 2020. NASA is a major helium buyer. Getty Images … Read more
(Reuters) – A federal judge in Louisiana on Tuesday blocked the Biden administration’s pause on oil and gas leasing on public lands and waters, dealing a setback to a key White House effort to address climate change. The order granted a preliminary injunction to Louisiana and 12 other states that sued Democratic President Joe Biden … Read more
Jun 15, 2021 (Bloomberg) Royal Dutch Shell Plc hired a team of pricey lawyers for its defense against environmental activists in a Dutch court, and lost. A decade-old, $22 book might have upped their chances of winning.“Revolution Justified: Why Only the Law Can Save Us Now,” is no bestseller, ranking in the mid-600,000s in Amazon’s Kindle … Read more
CALGARY, AB (June 16, 2021) – The Petroleum Services Association of Canada (PSAC) proudly held the last two of three planned 2021 events for its 27th annual STARS & SPURS Gala Campaign, bringing total funds raised since its inception to more than $18 million for the Shock Trauma Air Rescue Society (STARS). This is the longest-running and largest fundraiser in Alberta, on … Read more
Minnesota’s pipeline transportation industry helps fuel jobs, tax revenue and GDP By Lennie Kaplan and Mark Milke Sections of the Enbridge Line 3 pipeline are seen on the construction site in Park Rapids, Minnesota on June 6, 2021. Getty Images photo Download the PDF here Download the charts here Overview A strong American oil and gas industry is a … Read more
This video shows how governments can create jobs – not by spending taxpayers’ money – but by approving natural resource projects. YOUTUBE: https://youtu.be/PKOUzKDX5kA TWITTER: https://twitter.com/SecondStreetOrg/status/1405161510469394432
Jun 16, 2021 (Bloomberg) Oil crept higher as industry data pointed to a substantial decline in U.S. crude stockpiles and fuel sales in India showed signs of recovering.Inventories dropped by 8.54 million barrels last week, according to people familiar with the American Petroleum Institute’s data. Government data are due later Wednesday. Oil is also being helped … Read more
June 15, 2021 EDMONTON, Alberta, June 15, 2021 (GLOBE NEWSWIRE) — Alexis Nakota Sioux Nation (ANSN) today announced it has acquired Steel River Group’s interest in Backwoods Energy Services (Backwoods). With this transaction, Backwoods is now fully owned by ANSN and the largest Indigenous community-owned company in northwest Alberta. “This is a great day for … Read more
June 15, 2021 CALGARY, Alberta, June 15, 2021 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) announces the appointment of Tony Berthelet as President and Chief Executive Officer. Mr. Berthelet comes to Prairie Provident with more than 23 years of subsurface evaluation, field development, production operations and asset management experience in … Read more
June 16, 2021 | Source: Birchcliff Energy Ltd. CALGARY, Alberta, June 16, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce the release of its 2020 ESG Report, which details the Corporation’s environmental, social and governance (“ESG”) activities and performance metrics for the year ended December 31, 2020. Birchcliff … Read more
Should Canadians follow the example set by the City of Victoria, and “cancel” their Canada Day celebrations? Or is this still a country, despite its imperfections, we all can, and should, be proud to call home? Here’s my take 👉 Let me know if you agree! SUBSCRIBE: https://www.youtube.com/aarongunnbc JOIN THE FIGHT: https://aarongunn.ca/join/ SUPPORT ME: https://aarongunn.ca/contribute/ … Read more
“A team you can count on. A product you can trust.” Gemini has a built a strong reputation for providing high quality fabrication and module assembly services to the Western Canadian energy sector. Through an all-in commitment from every individual on our team, Gemini is determined to work in partnership to deliver quality products from … Read more
Our Technical Article showcases how Black Powder Solutions Magnetic Separators are a pre-emptive strategy to reduce methane gas leakage allowing operators to increase their environmental compliance and extend the life of their existing assets without new major capital investment. Black Powder Solutions’ Technology assists in reducing methane gas leakage, ESG risks, and OPEX SEE THE … Read more
Flyscan’s Leak Detection service is able to detect small quantities of hydrocarbon not visible to the human eye from patrol heights. It can also detect leaks below the sensitivity limits of traditional SCADA-based CPM systems. Slow leaks are significant. For example, 0.5% of a 100,000-bbl/day flow means a 500-bbl/day leak. The ability to detect small … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Whether it’s the result of volatile commodity pricing or the natural outcome of … Read more
Avoid this Surprise when Determining How Long your Next Process Outage Will Take By: Daniel Evoy Continuous processing or manufacturing facilities will occasionally require planned outages to primarily address reliability or maintenance issues. Due to the high cost of these outages (opportunity and real), careful planning and scheduling practices are used to come up with … Read more
Sur-Flo control valves are workhorses in industry. The SF10V handles extreme flow rates, delivering precise control with little or no maintenance, year after year. Customers say they just install the SF10V and walk away, confident that the job is done. The result? Rock-bottom total cost of ownership. Our client initially chose the Sur-Flo SF10V valve … Read more
Our CDN family is growing across multiple branches, and we are looking to find some highly skilled people to join our team. To find out more visit us at our websites career page
Lasse Kari, Global Energy Research Lead from Accenture discusses their inaugural Oil and Gas Reinvention Index research titled Necessity is the Mother of Reinvention. Lasse dives into some of the key findings of how companies are meeting the challenges of the energy transition, how understanding this data can help companies, and the gaps that exist … Read more
HALIFAX — The value of crude oil exports from Canada has increased over 15-fold in the last 30 years, according to a report from Statistics Canada and the Canada Energy Regulator.
The increase means exports of the resource accounted for more than 14 p…
(MENAFN – Newsfile Corp) Leucrotta Exploration Announces Details of Phase I Mica Pad Development and Test in Basal Montney Zone Calgary, Alberta–(Newsfile Corp. – June 15, 2021) – Leucrotta Exploration Inc. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce it will commence operations of Phase I of the Mica Pad Development mid-July and should be on production by … Read more
The share of fossil fuels in the world’s total energy mix is as high as a decade ago, despite the falling cost of renewables and pressure on governments to act on climate change, a report by green energy policy network REN21 showed on Tuesday. Fossil fuel use has persisted amid rising global energy demand, continued … Read more
Jun 15, 2021 (Bloomberg) Increasing pressure on major oil companies has forced many to make promises to reduce the extraction of their main fossil fuel. They also warn that the result may not be a reduction in global emissions.“Imagine Shell decided to stop selling petrol and diesel today. This would certainly cut Shell’s carbon emissions,” Chief … Read more
Jun 15, 2021 (Bloomberg) Crude prices are likely to rise even higher this year due to growing demand, according to two of the world’s largest independent oil traders.Brent crude, the international benchmark, has already reached a two-year high of $73 a barrel in London and could rise to $78 later this year, said Vitol Group Chief … Read more
Jun 15, 2021 (Bloomberg) Oil traded above $71 a barrel as some of the most prominent voices in the market said they expect prices to continue to rise.West Texas Intermediate was 1% higher, earlier touching its highest level intraday since 2018. Despite a bumper rally this year, traders Glencore Plc and Vitol Group still see at … Read more
All financial figures are approximate and presented in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), which is a financial measure that is not defined by Generally Accepted Accounting Principles (“GAAP”). For more information, see “Non-GAAP Measures” herein. CALGARY, AB, June 14, 2021 /CNW/ – … Read more
June 14, 2021 CALGARY, Alberta, June 14, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that the maturity date applicable to and redetermination of the borrowing base under the Company’s Senior Credit Facility has been extended from June 14, 2021 to June 30, 2021. A further extension … Read more
ST. JOHN’S, N.L. — About 100 oil workers gathered outside Newfoundland and Labrador’s legislature this morning, a day before a final decision on the fate of the Terra Nova oilfield is due.
Though provincial politicians and federal Natural Resources Mi…
By Geoffrey Cann Are you wondering what a bot is and whether the bots are gunning for your job? Stop worrying, they’re already here. THE OFFICE BOT A category of digital technology called robotic process automation (or RPA) has arrived with considerable impact in oil and gas. This is a mature technology—these kinds of tools evolved in … Read more
The Minnesota Court of Appeals on Monday affirmed a state regulator’s decision that there is sufficient need for Enbridge Inc’s (ENB.TO) Line 3 oil pipeline replacement, handing the company a major victory in its lengthy battle with environmental opponents. The decision clears another hurdle for the Canadian company’s efforts to replace the aging pipeline that carries … Read more
JOHN’S, NL, June 11, 2021 /CNW/ – The Newfoundland and Labrador government’s refusal to fulfil its commitment to the Terra Nova project will kill hundreds of good local jobs and undermine the province’s entire oil and gas sector, says Unifor. “The Furey government has betrayed Newfoundland and Labrador’s energy workers,” said Jerry Dias, Unifor National President. “It must live up to its commitments and ensure Terra Nova continues to serve … Read more
Other countries have large oil reserves—and will develop them if Canada does not By Mark Milke and Ven Venkatachalam Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Pipelines at the massive Shaybah oil project in the Saudi desert. Photo courtesy of Saudi Aramco Worldwide oil consumption has been on an … Read more
Calgary, Alberta – TheNewswire – June 14, 2021 – Petro Viking Energy Inc. (“ Petro Viking ” or the “ Company ”) (CNSX:VIK.CN) is pleased to announce the proposed asset purchase of 100% of Avila’s interests in 53,835 Acres, 43,935 Acres (Net), of mineral rights, associated wells, pipelines and facilities for the purchase price of $50,664,000 CAD. The Purchase Price for the Acquisition is … Read more
LONDON/NEW YORK (Reuters) – Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions. The sale could be for part or … Read more
Jun 14, 2021 (Bloomberg) Oil hit a 32-month high as the rollout of coronavirus vaccines boosted demand expectations for Europe and the U.S., and confidence faded over a quick return of Iranian crude supply.Futures rose 0.9% in New York, building on a run of three weekly gains. Iran’s foreign ministry said Monday there was “very little … Read more
Mike Fretwell is rejoining the Challenger team as the new Vice President, Operations in Calgary. Mike is an ALS and CLS with over 20 years of leadership experience. Earlier in his career, Mike spent 10 years at Challenger Geomatics as a Project Manager leading numerous projects. However, his passion was to start his own business, … Read more
THE SCOUTEN STORY Scouten Engineering is a dynamic consulting civil and structural engineering firm based in Prince George, British Columbia. They provide creative solutions to challenging situations. The Founder, Dave Scouten started Scouten Engineering in 1995, and they’ve been successfully meeting the needs of their clients ever since. As of March 2020, founder Dave Scouten … Read more
APPLICATION NOTE: The conversion of electric power from renewable sources to Hydrogen is another key technology to decarbonization and seasonal energy storage. Reliable moisture measurement to comply contracted limits and ensure safety Polymer Electrolyte Water Electrolysis (PEM) or Alkaline Water Electrolysis are enhanced principles for decomposing Water to Hydrogen and Oxygen by use of electric … Read more
EnergyNow is featuring the Energy Innovation Month from June 1st to 30th, 2021 Energy Innovation Month is a month-long promotional campaign that will feature some of the latest and greatest innovation, technology, and research from experts across the energy sector. Be a leading innovative company and share your energy innovation or emerging technologies to our … Read more
‘Lawmakers and citizens alike should be celebrating Enbridge and its incredible investment’ By Brittany Elves Construction on the Line 3 Replacement Project is roughly 60 per cent complete. Photo courtesy Enbridge Local community and business leaders are asserting their continued support for Enbridge’s Line 3 replacement project as protestors try to block pipeline construction in the … Read more
Canada’s drilling rig count is up 16 active drilling rigs according to data collected by Baker Hughes for the week ending June 11, 2021. From one week ago, Alberta rig counts increased 10 to 52 and the Saskatchewan rig counts increased 7 to 26. Oil drilling increased 16 to 59 and gas stayed at 34.
(Bloomberg) The Canadian government will no longer approve thermal-coal mining projects because of their contribution to the climate crisis.“New thermal coal mining projects or expansions are not in line with the ambition Canadians want to see on climate, or with Canada’s domestic and international climate commitments,” Environment Minister Jonathan Wilkinson said in a statement as Group of Seven leaders gather … Read more
OPEC and its allies maintained strong compliance with agreed oil output targets in May, when the first part of a gradual production increase took effect, according to figures given by an OPEC+ source on Friday. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, complied with 115% of agreed output curbs in May, the … Read more
(Bloomberg) Group of Seven nations backed away from plans to set a target for making sure most new cars sold are greener vehicles, instead pledging only speed up efforts to move away from combustion engines.In the final communique Sunday, the bloc include an autos section that was far more modest than earlier versions being discussed. … Read more
Jun 11, 2021 (Bloomberg) Oil posted its third straight weekly rise on improving demand, with the International Energy Agency warning the market will need extra supply next year. Futures in New York rose 1.9% this week, extending its rally to the highest settle since October 2018. The IEA said that OPEC and its allies will need … Read more
Jun 11, 2021 (Bloomberg) Environmentalists emboldened by this week’s defeat of Keystone XL are pressuring President Joe Biden to revoke permits for other oil and gas pipelines, warning their votes depend on the administration blocking fossil fuel infrastructure.“If you need and want us — as I know the Biden team does — to come out … Read more
Workforce provides an outsized contribution to national finances By Deborah Jaremko Photo courtesy Ensign Drilling There is a false narrative being circulated by anti-oil and gas groups that because Canada’s oil and gas workforce represents a relatively small portion of the population, these jobs aren’t significant to the Canadian economy and can be easily transferred to … Read more
(St. John’s, NL – June 11, 2021) With the Suncor Energy deadline of June 15, 2021 quickly approaching for a decision on the asset life extension (ALE) project or abandonment of the Terra Nova FPSO, Noia has undertaken an analysis of the financial benefits of the Terra Nova project. Noia engaged Jupia Consultants, led by … Read more
(Reuters) – U.S. energy firms added oil and natural gas rigs for the sixth time in seven weeks as oil prices rose to their highest since 2018, although gas drillers have slowed down their activity. The oil and gas rig count, an early indicator of future output, rose five to 461 in the week to … Read more
Jun 11, 2021 Transaction creates the largest private equity-owned oil producer in North America, with ~1.7 BnBoe of 2P reserves, ~80,000 Boe / d of production, and a ~60-year reserve life Financing marks the first new covenant-based loan issued to a Canadian oil and gas producer since 2018 and the first ever for a private exploration and … Read more
CALGARY, AB, June 11, 2021 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to announce that it has entered into a definitive agreement to acquire privately owned Black Swan Energy Ltd. (“Black Swan”) for a total consideration of approximately $1.1 billion Cdn, consisting of 26 million Tourmaline common shares and the assumption of net … Read more
CALGARY — Tourmaline Oil Corp. says it has signed a deal to buy Black Swan Energy Ltd. in a deal worth $1.1 billion in stock and debt.
Under the agreement for the privately held company, Tourmaline will pay 26 million shares and assume up to $350 mill…
Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India. Higher oil and coal prices have also helped lift global gas prices with spot Asian LNG prices doubling in just three months. … Read more
Reuters U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for the commodity. Brent prices hit $72.93 per barrel this week, their highest level in over two years, fuelled by … Read more
Jun 10, 2021 (Bloomberg) Brookfield Infrastructure Partners LP urged regulators to nullify a C$350 million ($289 million) termination fee attached to Pembina Pipeline Corp.’s takeover of Inter Pipeline Ltd. that would kick in if Brookfield manages to kill the deal. The breakup fee “threatens to enrich Pembina” at the expense of Inter’s shareholders, Brookfield said in … Read more
By Lars Erik Taraldsen Jun 11, 2021 (Bloomberg) Norway, Western Europe’s biggest oil producing nation, plans to expand its green energy industry and strengthen its power grid, but isn’t willing to budge when it comes to exploiting its oil and gas resources.Petroleum and Energy Minister Tina Bru today presented the government’s white paper on energy resources, … Read more
Jun 11, 2021 (Bloomberg) Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted, urging OPEC and its allies to keep markets balanced by tapping their plentiful spare production capacity.World consumption will once again reach 100 million barrels a day in the second half of 2022 as developed economies bring … Read more
By Saket Sundria and Alex Longley Jun 11, 2021 (Bloomberg) Oil headed for a third straight weekly gain on signs of an improving demand outlook, with the International Energy Agency warning that the market will need extra supply next year.Futures in New York have bounced around the $70-a-barrel mark this week, closing Thursday at the highest … Read more
By David Yager When it comes to climate change, the new mission for mankind is “net zero by 2050”. It is easy to say, hard to forget, highly symbolic, morally powerful, and far enough into the future that everyone who commits to it today will be spared having to report about how much progress they … Read more
Meet CEO Liberty Oilfield Services’ CEO Chris Wright. Chris has been making a lot of noise with a new “Thank You, North Face” billboard and video campaign. Check it out here. Once again we’re seeing that if someone actually makes a proud moral argument for fossil fuels, people will listen–and the other side has nothing … Read more
Even after its death, the divisive Keystone XL pipeline continued to leave Canadian energy industry experts at odds on Thursday, a day after TC Energy Corp. nailed the coffin shut on the project.
While some suggested the pipeline’s termination won’t i…
EDMONTON — Alberta’s auditor general is criticizing the government for failing to fix problems pointed out six years ago in a program that’s supposed to guarantee coal and oilsands mines clean up after themselves.
Doug Wylie says there’s so much conf…
CALGARY, AB, June 9, 2021 /PRNewswire/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that in collaboration with the Government of Ontario it is expanding natural gas access to rural, northern and Indigenous communities in Ontario, Canada. Enbridge will access Ontario’s Natural Gas Expansion Program to support 27 projects to expand natural gas access across the province, helping to … Read more
EDMONTON — Alberta’s finance minister says the province’s $1.3-billion investment of taxpayers’ money in the now-defunct Keystone XL oil pipeline project was a prudent gamble given the potential payoff in profits and jobs.
“We did commit to delivering…
OPEC stuck to its prediction of a strong world oil demand recovery in 2021 led by the United States and China despite uncertainties stemming from the pandemic, pointing to a need for more oil from the producer group. In a monthly report on Thursday, the Organization of the Petroleum Exporting Countries said demand would rise … Read more
Inter Pipeline Reconfirms Support for Strategic Combination with Pembina; Rejection of Revised Brookfield Offer CALGARY, AB, June 10, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) today reconfirms that the Board of Directors (the “Board”) unanimously recommends that Shareholders support the strategic share-exchange transaction with Pembina Pipeline Corporation (“Pembina”) and reject the revised hostile … Read more
If oil producers in North America are pushed to curtail development, other nations will continue to meet growing global demand By Ven Venkatachalam and Mark Milke Drivers pass next to by a small square with an oil pump in one of the access roads to the Central University of Venezuela, in Caracas on July 14, 2020. Getty Images … Read more
Jun 10, 2021 (Bloomberg) In one of the greenest cities in the world, where electric cars abound and almost all carbon emissions will be eliminated within a decade, the debate about climate change is so poisonous that the police are investigating violent threats against one of its top officials.Lan Marie Nguyen Berg, the Green Party politician who’s a … Read more
Jun 10, 2021 (Bloomberg) Oil erased losses as traders awaited inflation data, after an increase in U.S. fuel stockpiles brought crude’s rally to a halt.Futures in New York held steady after earlier dropping 1%. In the U.S., inflation figures due later Thursday may give clues about the path of monetary policy. Data on Wednesday showed gasoline … Read more
Jun 10, 2021 (Bloomberg) Group of Seven leaders are discussing ambitious plans to shift the balance of car buying away from gasoline to greener vehicles by the end of the decade, as part of a package of measures to combat climate change.Under one proposal contained in a document seen by Bloomberg, G-7 governments would “strive” to … Read more
Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline & infrastructure companies with regular updates. We hold quarterly subscriber webinars and provide Action … Read more
CALGARY — TC Energy Corp. is walking away from the Keystone XL pipeline project, ending a decade-plus battle that pitted the energy industry against environmentalists as oilsands producers sought to export Canadian crude.
Construction on the pipeline …
Challenge: Every day multiple suppliers appear on sites delivering various equipment and services needed to maintain operations and support major projects. One late delivery can delay an entire operation with significant cost consequences. Turnarounds pose an even greater challenge. Therefore, it is critical that suppliers know what and when deliveries are required, and that producers … Read more
When a reservoir is fracked geometrically (even spaced fracs) the entire horizontal section is stimulated, both good and poor quality rock. Through the use of geomechanical/reservoir property logs, those non-productive fracs can be eliminated or the frac moved to a more favorable position in the reservoir. Rocsol Technologies software can generate a complete set of … Read more
CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) — Today, the Canada Energy Regulator (CER) released a report explaining the economics and market dynamics for the more than 73,000 kilometres of pipelines it regulates. The report, Canada’s Pipeline System 2021: Economics of CER-Regulated Infrastructure, provides data and trends on the movement of energy between Canada, the United … Read more
CALGARY — A group of the largest producers in Canada’s oilsands have announced a joint strategy Wednesday to reach net zero greenhouse gas emissions by 2050.
The companies include Canadian Natural Resources Ltd., Cenovus Energy Inc., Imperial Oil Ltd,…
July 2008: TC Energy Corp. — then called TransCanada Corp. — and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major extension to the network. The expansion, dubbed Keystone XL, would carry hundreds of thousands of barrels of oilsan…
Focus remains on continuing to meet the evolving energy demand today and in the future June 09, 2021 CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) confirmed today that after a comprehensive review of its options, and in consultation with its partner, the Government … Read more
Global solar power developers are slowing down project installations because of a surge in costs for components, labor, and freight as the world economy bounces back from the coronavirus pandemic, according to industry executives and analysts interviewed by Reuters. The situation suggests slower growth for the zero-emissions solar energy industry at a time world governments … Read more
The recent overhaul of Exxon Mobil Corp’s (XOM.N) board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, analysts and investors say. A quarter of directors last month lost their seats to outsiders read more , and the March appointment of activist Jeff Ubben puts a … Read more
June 09, 2021 CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) — Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy formally announced today the Oil Sands Pathways to Net Zero initiative. These companies operate approximately 90% of Canada’s oil sands production. The goal of this unique alliance, working collectively with the federal and … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. In March, we published an overview of the Pembina play focusing on ownership, … Read more
By: Charles Maier In Part 1 we observed that some of the best results come from organizations with poor maintenance work processes and some organizations with a great work process have poor results. It was also noted that the maintenance work process itself only accounts for 10% to 20% of the total maintenance value. In … Read more
GIDDY UP! It is time to party! It’s been too long we’ve got together with staff and our customers – that all changes this summer. In anticipation of the Province of Alberta lifting COVID-19 restrictions before the end of June, EventWorx Corporation is getting ready to celebrate the return of the Calgary Stampede. Together with … Read more
GeoVerra is proud to announce that they have been selected as a recipient of the 2021 ASET Outstanding Supportive Employer of the Year Award. Chief Executive Officer John Nielsen comments, “To be chosen for an award after less than a year of being in operation is fantastic and an achievement we are incredibly proud of. We … Read more
The sheer abundance of internal and public information and a lack of familiarity with next-generation data analytics tools can be an overwhelming challenge for many organizations. Corporate decision makers are often relying on incomplete information, with public datasets often being too difficult to incorporate meaningfully into their own corporate datasets. Achieving this is at the … Read more
Carol Howes, Vice President, PetroLMI discusses the top 5 trends in the oil and gas workforce, including getting workers back to work, natural gas and LNG development, and how innovation is changing the industry. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or see more interviews at anchor.fm/globalenergyshow
Cadeon is proud to be partnered with Darktrace the leader in cyber defence technology, in order to enable our clients to have that critical component to data security in both Canada and the United States. Darktrace’s self-learning technology can help to detect otherwise unknown cyber threats within the network in real-time, which combined with Cadeon’s … Read more
The safe purging of gas processing facilities, out of service and back to service, requires thorough consideration of key variables. Attention must be given to worker safety, the type and characteristics of hydrocarbon residing in the facility, process configuration and venting, metallurgical and materials limits. STEP Energy Services (STEP) was recently engaged to provide critical … Read more
Companies large and small moving ahead with projects to reduce emissions By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Representatives from Enbridge, Walker Industries, Comcor Environmental and the Government of Ontario mark the groundbreaking for the largest renewable natural gas plant in the province in October … Read more
(Reuters) – Pembina Pipeline Corp said on Tuesday it would buy a 50% stake in Canada’s proposed Cedar LNG Project to develop the floating liquefied natural gas facility in British Columbia in partnership with indigenous group, The Haisla Nation. Pembina expects to invest about $90 million into Cedar LNG over the next 24 months, including … Read more
Jun 9, 2021 (Bloomberg) Crude extended gains after an industry report showed another draw in U.S. crude inventories, while Iran said a deal to end sanctions on its oil sector remained elusive.Futures in New York rose 0.5% after settling above $70 a barrel on Tuesday for the first time since October 2018. There’s no conclusive agreement to lift … Read more
DENVER — The head of the energy company formerly called Encana is retiring this summer.
Ovintiv Inc. says chief executive Doug Suttles will retire Aug. 1 after eight years in the position.
He will be replaced by Brendan McCracken, who began his career…
CALGARY — Crescent Point Energy Corp. has sold its remaining non-core southeast Saskatchewan conventional assets for $93 million.
As a result of the transaction, the Calgary-based company says it has also reduced its asset retirement obligations by ab…
Topaz Energy Corp. Closes Previously Announced Equity Financing Including Exercise in Full of Over-Allotment Option /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, June 8, 2021 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce it has completed its previously announced $175.0 million bought deal equity financing … Read more
CALGARY, AB / ACCESSWIRE / June 8, 2021 / Perisson Petroleum Corp. (the ‘Company‘ or ‘Perisson‘) (TSXV:POG) is pleased to announce that it has exercised several right of first refusal options (the ‘ROFR Interest‘), resulting from the sale of property in the area by a working interest partner. The closing of the sale is scheduled for … Read more
23 well, second half 2021 development drilling program to be underway two weeks early Corporate presentation to be webcast June 16 after the Annual and Special Meeting Calgary, Alberta–(Newsfile Corp. – June 8, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce that we … Read more
Jun 8, 2021 (Bloomberg) Oil fell for a second session after a rally that saw prices hit $70 a barrel in New York for the first time since October 2018 faltered.Futures dropped back below $69 a barrel on Tuesday. That mirrored wider markets where the dollar rose and U.S. equity futures pared gains as the recent surge in … Read more
The effects and costs of climate change and other environmental factors are hastening a global energy transition in which the drive for the cleanest possible fuels is gaining momentum. It is becoming clear that environmental responsibility, sound economics and breakthrough technologies must be applied to the production of heavy oil and oil sands for both … Read more
Marathon Compression is pleased to announce that field trials are underway, and production is ready to begin, of their KL8 Air-Power Unit for use by oil and gas producers worldwide. In addressing producers’ needs for both instrument air and power at off-grid oil and gas facilities to eliminate methane venting, Marathon Compression researched a number … Read more
Oil sands crude now competes in China head-to-head with Iraq’s Basrah Heavy By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction of the Trans Mountain pipeline expansion near Hope, B.C. in May 2021. Photo courtesy Trans Mountain Corporation Canadian oil is arriving to supply customers in … Read more
This acquisition brings together two strong and well-respected service companies, which will continue to provide highly complementary products and services to new markets and a broader geographic region. NISKU, AB, CANADA (June 1, 2021) – Surepoint Technologies Group along with their partner ATB Private Equity is proud to announce the acquisition of Ironline Compression Services, … Read more
MONTREAL — A company controlled by the Caisse de dépôt et placement du Québec will fully own Quebec’s main natural gas distributor following a $1.14-billion purchase deal with Enbridge Inc.
Trencap LP, which is majority owned by the Quebec pension fun…
Jun 7, 2021 (Bloomberg) Energy giant BP Plc sees a strong recovery in global crude demand and expects it to last for some time, with U.S. shale production being kept in check, according to Chief Executive Officer Bernard Looney.“There is a lot of evidence that suggests that demand will be strong, and the shale seems to be … Read more
OPEC and its allies expect oil inventories to fall further in the coming months, OPEC’s secretary general said on Monday, suggesting efforts by the producers to support the market are succeeding. Oil stocks in developed world nations fell by 6.9 million barrels in April, Mohammad Barkindo said in a virtual appearance at the Nigeria International … Read more
CALGARY, AB, June 7, 2021 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that a subsidiary of Enbridge has entered into a definitive agreement to sell its 38.9% non-operating minority ownership interest in Noverco Inc. (Noverco) to Trencap L.P. for $1.14 billion in cash, net of Noverco non-recourse debt assumed by Trencap L.P. This represents … Read more
CALGARY, AB, June 7, 2021 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) and (NYSE: CPG) has completed the disposition of its remaining non-core southeast Saskatchewan conventional assets (“Assets”), which were previously identified as disposition candidates, for cash proceeds of $93 million (“Transaction”). As a result of the Transaction, Crescent Point also reduced asset retirement obligations (“ARO”) by approximately $220 … Read more
FORT MCMURRAY — Occupational Health and Safety says a Syncrude employee operating an excavator was killed Sunday at an oilsands mine in northern Alberta.
Government spokeswoman Natasha McKenzie says it happened at the company’s Aurora mine, about 70 k…
Download PDF Version Here This is an opportunity to promote your commitment on the importance of safety to your employees, suppliers, and other stakeholders to directly raise funds for STARS while raising awareness of the essential energy services, supply and manufacturing industry. Please forward this opportunity to your essential stakeholders. For 27 years, the Petroleum … Read more
By Geoffrey Cann The oil and gas industry runs on data. Today, our industry is in desperate need of smart people who understand data and how to put data to work. These are my remarks prepared exclusively for, and delivered at, the DATAcated conference on May 18-19, 2021. Check out my actual presentation on YouTube. If you’re … Read more
Cautions Inter Pipeline shareholders not to tender their shares to Brookfield’s opportunistic, hostile offer that would deny them significant potential upside value and creates tax exposure All financial figures are approximate and presented in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), and adjusted … Read more
Jun 6, 2021 (Bloomberg) The Group of Seven rich nations secured a landmark deal that could help countries collect more taxes from big companies and enable governments to impose levies on U.S. tech giants such as Amazon.com Inc. and Facebook Inc.The agreement by the G-7 finance ministers in London satisfies a U.S. demand for a minimum … Read more
Calgary, Alberta–(Newsfile Corp. – June 4, 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, May 17, 2021 and May 28, 2021, it has closed the brokered and non brokered private placements for total … Read more
Jun 7, 2021 (Bloomberg) Oil slipped after hitting $70 a barrel in New York for the first time since October 2018 as a rally driven by signs of a tightening market eased.Futures jumped 5% last week, and were unable to break above the $70 marker Monday. The long-term demand outlook remains bullish as vaccination rates climb … Read more
Have you ever experienced a plant upset which led to a flood of alarms coming in? Can you envision a rapidly expanding alarm list with seemingly no meaning and cryptic messaging for you to decipher. Your internal clock ticks silently in the back of your mind while you try to determine which alarm you should … Read more
To say that as a society, we have a challenge with mental wellness, is to vastly understate the seriousness of a health crisis that is raging out of control. An epidemic before COVID-19, the pandemic-forced social isolation resulting from job losses, the closure of schools and religious institutions, and the cancellation of community events and … Read more
You can now register for our partner Kenexis ISA safety-related courses starting up in July. These informative courses will help teach critical skills in design, analysis, and justification of Safety Integrity Level (SIL) concepts, Safety Instrumented Systems (SIS) and Fire and Gas Systems (FGS) engineering to ensure you know how to keep employees and your assets … Read more
Manufacturers say there are better pathways to eliminating plastic waste By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Toxic. The chair you’re sitting in, the device in your hands, the mug you’re drinking from, the toys your child is playing with, the carpet under your feet, … Read more
The PROPEL Energy Tech Forum is NEXT WEEK! Their program is jam packed with top-tier networking opportunities, outstanding speakers, and industry panel sessions featuring world class business leaders in the energy tech space. Don’t miss this opportunity to attend the forum and explore new opportunities all from the comfort of your laptop! As a member … Read more
Partnering with Viper, Osperity can now provide a reliable way of detecting fugitive emissions in industrial settings. Viper’s technology will work seamlessly with Osperity’s visual monitoring platform, meaning clients can rely on automated inspection reports, monitoring and exception-based alerting which will greatly assist industrial companies to further improve environmental initiatives, HSE compliance with automated leak … Read more
ROLE We are seeking a hands-on leader, to fill the role of Manager, Marketing & Communications and join our downtown Calgary head office. You will be responsible for leading, planning, developing, implementing and managing vision and values aligned internal and external communications and marketing strategies that foster strong client, community and people engagement. KEY RESPONSIBILITIES … Read more
June 4 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks as growth in drilling slows despite crude prices hitting their highest since 2018. The U.S. oil and gas rig count, an early indicator of future output, fell by one … Read more
Jun 5, 2021 (Bloomberg) Russian oil giant Rosneft PJSC warned of an impending shortfall in supply as global producers increasingly channel funds into a “hasty” energy transition.“The world risks a severe deficit of oil and gas,” Rosneft Chief Executive Officer Igor Sechin said Saturday at the St. Petersburg International Economic Forum. “The world consumes oil, but … Read more
Oil and gas producers operate in a never-ending market cycle – and it’s not just fluctuating oil prices. From talent shortages, the shift to a low carbon economy and increasing competition from renewables – the new energy landscape requires companies to be adaptable and cost-efficient to survive, and satisfy shareholders. While producers have always relied … Read more
By Bloomberg News Jun 4, 2021 (Bloomberg) This weird little electric car is the only one outselling Tesla in China Since last July, a little-known automaker in China’s southwest has dominated the world’s largest electric car market, outselling bigger players and even Tesla Inc. almost every month with a tiny, bare-bones EV that starts at just $4,500.The … Read more
Jun 4, 2021 (Bloomberg) Morgan Stanley has closed its Calgary investment banking office, according to people familiar with the matter, as Canada’s energy industry struggles with decreased investor interest and a dearth of deal making.Denis Rajotte, who was head of Canadian energy investment banking and led the office, is no longer with the bank, the people … Read more
Heartland Petrochemical Complex helping drive bidding war for Inter Pipeline By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Heartland Petrochemical Complex has been under construction since 2017. Photo courtesy Inter Pipeline Ltd. Construction is in the home stretch for the first integrated project in North … Read more
Canada’s drilling rig count is up 15 active drilling rigs according to data collected by Baker Hughes for the week ending June 4, 2021. From one week ago, Alberta rig counts increased 5 to 42 and the Saskatchewan rig counts increased 6 to 19. Oil drilling increased 15 to 43 and gas stayed at 34.
Anyone who thinks the U.S. can do without Canadian oil, especially heavy oil, is misinformed By Mark Milke and Lennie Kaplan By Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The gas shortage in the Pacific Northwest during December 1973 had even suited businessmen hitch-hiking. Photo courtesy U.S. National Archives For those … Read more
Jun 4, 2021 (Bloomberg) Oil crept higher with prices trading near their highest level since 2018.Futures in New York erased earlier losses to trade above $69 a barrel. A significant draw in American crude stockpiles added positive signs to a market buoyed this week by the deferring of expectations of when a nuclear deal with Iran … Read more
Jun 3, 2021 (Bloomberg) The bosses of two of Russia’s main oil companies expect OPEC+ to raise output further this year as the market heats up, perhaps as soon as its July meeting.The group, of which Russia is joint leader with Saudi Arabia, is currently restoring about 2 million barrels a day of idle production in … Read more
Jun 3, 2021 (Bloomberg) For Mayor Tom Hughes and the other politicians gathered to cheer the opening of a $440 million solar panel plant in Hillsboro, Oregon, it was a moment of glory.The arrival of SolarWorld AG promised to be a turning point for his hometown just west of Portland. “Not just because of SolarWorld itself,” Hughes recalled, “but because of … Read more
KAMLOOPS, B.C. — An order stopping tree cutting and grass mowing across the entire Trans Mountain pipeline expansion project was issued Thursday by the Canada Energy Regulator, the agency that enforces safety and environmental guidelines for pipeline …
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
Introduction Reading a glossary for career advancement and enjoyment is becoming increasingly common. Read a glossary to: Confirm understanding of known terminology; For enjoyment and to lighten mood; Improve education; Increase vocabulary; and, Master effective communication. OK, but wait! Read for a glossary pleasure and to lighten mood? Who does this? After all, technical content … Read more
Refineries contain a wide range of processes and manufacturing steps which produce products from crude oil. What these steps all have in common is a high demand for heat or steam which is derived from a combustion process. Controlling the air-fuel-ratio of a combustion process usually takes place through monitoring of excess O2 in the … Read more
By Vista Projects Project owners know the value of an accurate estimate. The total cost of a project can make or break a capital spending decision. Construction and material costs are by far the biggest components of any industrial project. Which makes knowing how to estimate construction costs with precision a critical project management practice. … Read more
Inter Pipeline Acknowledges Brookfield’s Intention to Revise Offer; Continues to Recommend Strategic Combination with Pembina CALGARY, AB, June 3, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) is responding to the news release issued June 2, 2021 (the “Brookfield Release”) by Brookfield Infrastructure Partners L.P. together with its institutional partners (collectively, “Brookfield”) announcing its intention to file a … Read more
WASHINGTON — The dispute over the cross-border Line 5 pipeline is entirely for Michigan to deal with, the state’s attorney general argues in a legal brief released Wednesday that flatly rejects Canada’s depiction of a foreign-policy matter that Ottawa…
OTTAWA — Federal officials were asking themselves how many pipelines does Canada really need in the days after U.S. President Joe Biden cancelled Keystone XL.
The query was posed in a briefing note from Natural Resources Canada and released to The Can…
Mergers and Acquisitions NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESSWIRE / June 3, 2021 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK) is pleased to announce that it has closed on its previously announced acquisition (the “Acquisition“) of certain operated producing oil and gas … Read more
CALGARY — An insurance provider for the Trans Mountain pipeline said it will not renew its policy with the company when it expires in August.
Argo Group International Holdings Ltd., an international underwriter based in Bermuda, said the project no lo…
Jun 3, 2021 (Bloomberg) Oil held near its highest since October 2018 as an industry report pointing to a decline in U.S. crude inventories reinforced optimism over the demand recovery.Futures in New York pared earlier gains. The American Petroleum Institute reported stockpiles fell by 5.36 million barrels last week, said people familiar. That would be the … Read more
Jun 2, 2021 (Bloomberg) Brookfield Infrastructure Partners LP raised its hostile offer for Inter Pipeline Ltd. to C$8.4 billion ($6.9 billion U.S) as it sought break up the company’s deal with Pembina Pipeline Corp., setting off a full-blown takeover battle for Canada’s fourth-largest pipeline company. Brookfield Infrastructure said Wednesday it will make a cash-and-stock offer valued … Read more
Jun 2, 2021 (Bloomberg) Chevron Corp. would consider selling its 20% stake in a Canadian oil sands mine as its faces investor pressure to do more to curb emissions and fight climate change.The oil producer’s stake in Canadian Natural Resources Ltd.’s Athabasca oil sands project generates “pretty good cash flow” without needing much capital “but I … Read more
CALGARY — The board of directors at Inter Pipeline Ltd. says it still supports a takeover deal the company signed with Pembina Pipeline Corp., despite an increased offer from Brookfield Infrastructure Partners.
Inter Pipeline says the board continues …
Wednesday, June 2, 2021 This column first appeared in the Niagara Independent and is now available for reprint. Politicians haven’t been honest about their carbon taxes When you got straight A’s on a report card, it’s a good bet you rushed home from the school bus to show your mom and dad. Maybe they even stuck it … Read more
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Proper instrumentation is critical to a plant’s successful production and operation, which makes it very easy to become overwhelmed with all the different options available. The components that make up instrumentation must be monitored and put on a path that best eliminates the possibility of other forces negatively affecting their performance. One area where instrumentation … Read more
The Transportation of Dangerous Goods (TDG) is a wide-ranging legislation that affects almost every industry in some way, but heavily impacts the operations and procedures of the chemical industry. Chemicals and chemical derivatives make up a substantial portion of the over 2,800 products listed on TDG Schedule 1, published by Transport Canada. Products like lubricants, … Read more
The Canadian dollar strengthened against its U.S. counterpart on Tuesday, moving close to a recent six-year high, as oil prices rose ahead of an OPEC supply decision and data showed first quarter growth in the domestic economy. The loonie, which has benefited this year from higher commodity prices and a more hawkish stance from the … Read more
U.S. imports of Canadian heavy oil have steadily increased over the last two decades to meet demand 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 Valero Three Rivers refinery in San Antonia, TX. Getty Images photo Download the PDF here Download the charts here Executive Summary … Read more
‘We believe it is highly unlikely that oil demand will decline meaningfully over the next decade’ By Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Worker on an oil platform at BP’s Eastern Trough Area Project in the North Sea. Photo courtesy BP The world needs more oil, … Read more
Brookfield Infrastructure Partners LP is raising its hostile takeover offer for Inter Pipeline Ltd. to top a friendly deal the company struck to be acquired by Pembina Pipeline Corp.
Brookfield Infrastructure says its offer is valued at $19.75 per Int…
CALGARY — Pembina Pipeline Corp. has signed a friendly deal to buy Inter Pipeline Ltd. for $8.3 billion in stock, surpassing a hostile bid by Brookfield Infrastructure Partners.
Under the deal, Inter Pipeline shareholders will receive half a Pembina s…
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger/File Photo OPEC+, which on Tuesday rubber stamped an earlier decision to go ahead with production increases over the next two months, now sees the oil market tightening … Read more
Small U.S. oilfield service companies are selling equipment and shutting their doors as business activity shrank last year and contract prices have remained below profitable levels despite oil-price gains. The companies that provide equipment and services to the shale oil industry were among the hardest hit after the coronavirus pandemic sent oil prices reeling to … Read more
Jun 2, 2021 (Bloomberg) The oil and gas industry is set to boost investments in clean energy this year, but that still won’t be enough to put the world on a path to limit a dangerous rise in global temperatures.That’s the view of the International Energy Agency, which expects traditional fossil-fuel companies to increase climate-friendly investments … Read more
By Elizabeth Low and Alex Longley Jun 2, 2021 (Bloomberg) Oil extended gains after OPEC+ provided an upbeat assessment of the demand outlook and prospects waned for a speedy return of Iranian barrels to the market.Futures in New York rose 1% after closing at the highest since October 2018. Brent also climbed after settling above $70 … Read more
Buffalo Inspection Services (BIS) have had a research program in place for over four years and have focused on what our clients advised us were one of their most serious inspection concerns Flange Face Corrosion (FFC). Over this time BIS successfully developed both applications and 3D printed equipment for this challenge and have proven beyond … Read more
June 01, 2021 REGINA, Saskatchewan, June 01, 2021 (GLOBE NEWSWIRE) — Amplifying the impact of emission reductions through carbon capture and storage (CCS) is the focus of a new pre-feasibility study exploring the potential application of carbon dioxide (CO2) capture on 750-megawatt coal-fired power plants. This project is part of a broad study examining the … Read more
June 01, 2021 CALGARY, Alberta, June 01, 2021 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce it has entered into an arrangement agreement (the “Arrangement Agreement“) to acquire Venturion Oil Limited (“Venturion“), a privately held company, for a purchase price of approximately $47.5 million. The consideration will … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. In our recent posts looking back on the oil and gas sector in … Read more
By Gordon Lawrence In the April 2021 edition of “The Chemical Engineer” magazine, I highlight the importance of using clear and prescriptive scope selection criteria for your maintenance turnaround, in order to facilitate scope optimization during the scope challenge. Below is a brief overview of the article. It is generally accepted in the maintenance turnaround … Read more
Rosa Rivero, Principal, Responsibility Matters Inc. discusses the top 5 trends of ESG reporting, and how ESG reports have changed with investors in mind. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or see more interviews at anchor.fm/globalenergyshow
In 1894 the Geological Society of Canada (GSC) drilled their first well in an effort to find the southeastern border of the Athabasca Tar Sands. This mission alternatively exposed a formation rich in natural gas to a depth 540 meters. In 1896, operations ceased, leaving the well incorrectly abandoned and forgotten. That is, until a … Read more
RAM Industries puts quality at the core of everything we do. RAM implements high standards in all areas of our business to produce high-quality cylinders. RAM’s engineering team has developed theoretical calculations through years of extensive experience in the cylinder business. These calculations are applied early in the design stage to ensure the hydraulic cylinders … Read more
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
The Sky Eye team implements a SKY-MOD solution to ensure maximum flexibility and ease of use for the Bluewing team in Brownsville, TX. In early 2020, Bluewing Midstream, approached the Sky Eye Measurement team for a fuel transloading solution for their refined fuels tank storage facility located in the Port of Brownsville, in Brownsville, Texas. This … Read more
Alexis Pappas Times of turmoil are filled with opportunity – and Canada’s energy industry has right ingredients to pivot into the growing demand for cleaner crypto mining. The last year has caused dramatic shifts in our lives – and our world economy. Catalyzed by the COVID-19 pandemic, global business has rushed to adopt blockchain technology, … Read more
HALIFAX — Nova Scotia drivers will face higher prices at the pump on Friday after the province’s energy regulator approves a price increase to make up for a drop in sales during the COVID-19 pandemic.
The temporary markup comes on top of a permanent i…
All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), and adjusted cash flow from operating activities (“adjusted cash flow”), which are financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”). For more information about … Read more
Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch Shell (RDSa.L), ExxonMobil (XOM.N) and Chevron (CVX.N) are all under pressure to cut carbon emissions faster. That’s good news for the likes of Saudi Arabia’s national … Read more
Jun 1, 2021 (Bloomberg) Brent oil advanced above $70 a barrel after the OPEC+ alliance forecast a tightening global market ahead of a production policy meeting.Futures in London rose as much as 1.5% after posting a second straight monthly gain. The oil glut built up during the pandemic has almost gone and stockpiles will slide rapidly in the … Read more
Jun 1, 2021 (Bloomberg) A year after cutting unprecedented volumes of crude, the OPEC+ alliance is expecting world oil markets to get acutely tight.The coalition, led by Saudi Arabia and Russia, believes the glut created when the coronavirus pandemic crushed businesses and fuel demand has nearly gone, and that oil stockpiles will diminish rapidly in the … Read more
May 31, 2021 CALGARY, Alberta, May 31, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that the maturity date applicable to and redetermination of the borrowing base under the Company’s Senior Credit Facility has been extended from May 31, 2021 to June 14, 2021. InPlay and its … Read more
May 31, 2021 CALGARY, Alberta, May 31, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces it is working closely with its syndicate of lenders to extend the borrowing base determination date on its senior revolving credit facility agreement from May 31, 2021 to June 14, 2021. It is concurrently … Read more
May 28, 2021 (Bloomberg) The global gas industry is in an existential race: either find a way to be part of the next generation of energy or risk getting supplanted by alternatives.BP Plc, Sinopec, Equinor ASA and Royal Dutch Shell Plc are among the producers looking to hydrogen to help secure demand that otherwise may falter … Read more
Watts Projects Inc. is Western Canada’s leading facility, pipeline, and secondary containment construction company. Since 1996, we have been building exceptional projects – from single well-site construction to large gas processing plants, they can handle all of your construction needs. Watts Projects is a family-owned business with deep roots in the oil and gas industry, … Read more
May 28, 2021 (Bloomberg) For oil traders, the biggest question in the market is how fast OPEC and its allies will revive production later this year. Next week they may get some clues.When it meets on Tuesday, delegates said the alliance led by Saudi Arabia and Russia looks set to rubber-stamp output increases scheduled for the … Read more
Near Fort John, B.C., our team at Western Engineered Containment (WEC) rolled out a 60,000 square ft secondary containment liner for a crude oil storage terminal in only four days. With the installation of our PRECIDIUM™ ECS™ Secondary Containment System, we were able to complete the project in a safe and timely manner. Installation The … Read more
By Geoffrey Cann The battle for access to data in oil and gas is seriously hotting up. It’s not too late to get in the fray. Data – The New Battleground The debate within oil and gas companies about whether digital is a thing is now well and truly settled. First publicly highlighted by the … Read more
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada