John Kemp LONDON, July 30 (Reuters) – Polarised responses to the International Energy Agency report on achieving net zero emissions by 2050 reveal the enormous challenges of the goal and differences about whether it is realistic in the timeframe. Like the Rorschach inkblot test, reactions to the report reveal more about the reader’s own views … Read more
EDMONTON — Friday was the deadline for a public inquiry into what the Alberta government says is foreign funding of environmental groups who want to curtail energy development — an investigation lauded by Premier Jason Kenney as principled but derided…
CALGARY — Imperial Oil Ltd. says it earned $366 million in the second quarter and boosted production to its highest level in 25 years for the same period.
The Calgary-based company says it earned 50 cents per share in the three months ended June 30, c…
Jul 29, 2021 (Bloomberg) Europe’s largest oil and gas companies showed confidence that the era of big profits is back by significantly boosting returns to shareholders.Royal Dutch Shell Plc surprised investors on Thursday with a dividend hike of almost 40% and $2 billion of share buybacks. TotalEnergies SE didn’t manage quite that level of shock and awe, but … Read more
CALGARY — Enbridge Inc. says its net income attributable to common shareholders dropped 15 per cent in the second quarter despite rebounding demand for energy as economies recover from COVID-19.
The Calgary-based energy company says it earned $1.39 bi…
Jul 30, 2021 (Bloomberg) Oil headed for a second weekly gain as signs of tighter supplies helped assuage fears over the resurgent pandemic’s threat to demand.Futures held above $73 a barrel in New York, up 1.9% this week even as some countries renewed curbs on movement amid a spike in Covid-19, most notably in Southeast Asia. Prices were … Read more
Jul 29, 2021 (Bloomberg) The owner of Keystone Pipeline has struck a deal with Canada’s Department of National Defence to build Ontario’s biggest battery on military training grounds about 200 kilometers (125 miles) north of Toronto.TC Energy Corp. plans to build a 1,000-megawatt pumped-energy storage project on the 4th Canadian Division Training Centre’s property, TC Energy said Thursday … Read more
Jul 29, 2021 (Bloomberg) A Royal Dutch Shell Plc-led project to build a C$40 billion ($32 billion) liquefied natural gas facility in Canada is threatened with another delay amid a dispute over who will bear the escalating cost of a pipeline to supply the plant.TC Energy Corp., builder of the Coastal GasLink pipeline that will feed … Read more
CALGARY, Alberta, July 29 (Reuters) – Canadian oil sands producer Suncor Energy (SU.TO) said on Thursday that work needed to stabilize a slope at its Fort Hills mine in northern Alberta will delay a ramp-up in production and add to cash operating costs. The company discovered in July that it will need to change the slope … Read more
Join us to celebrate the people, the projects, and the technology that drive the oil sands industry. The event’s theme Technology Changes Everything highlights the future of Canada’s robust oil sands industry, bringing together advances in clean tech, digitization, and industry strategy. As the world moves towards a cleaner, reduce carbon future, the oil sands industry also … Read more
Well positioned to secure future growth opportunities as energy transition evolves July 29, 2021 CALGARY, Alberta, July 29, 2021 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for second quarter 2021 of $982 million or $1.00 per share compared to net … Read more
By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Want to know why Canadian oil and gas gets so little respect from anti-oil and gas activists? It’s not because Canada’s main energy sector is somehow a miscreant on measures of carbon emissions or anything else. … Read more
CALGARY, AB (July 29, 2021) – In its third update to the 2021 Canadian Oilfield Services Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised the number of wells drilled (rig released) across Canada for 2021 to 4,250 wells. This is an increase of 650 wells over the April 2021 Forecast of 3,600 … Read more
CALGARY, AB, July 29, 2021 /CNW/ – Surge Energy Inc. (“Surge” or the “Company“) (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended June 30, 2021. MESSAGE TO SHAREHOLDERS VIEW PDF Surge Energy Inc. (CNW Group/Surge Energy Inc.) Improving Macro Environment for Oil Demand for crude oil continues to recover from the dramatic … Read more
Recovery continues with second quarter revenues 17.5% higher than first quarter July 29, 2021 CALGARY, Alberta, July 29, 2021 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced its results for the three and six months ended June 30, 2021. All amounts are in Canadian dollars and expressed in thousands … Read more
CALGARY, AB, July 29, 2021 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its second quarter 2021 financial and operational results. SECOND QUARTER 2021 HIGHLIGHTS ARC successfully closed the strategic Montney combination with Seven Generations Energy Ltd. (“Seven Generations”) on April 6, 2021 (the “Business Combination”), to become the largest pure-play Montney producer, and remains well on track to deliver … Read more
CALGARY, AB, July 29, 2021 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce financial results for the second quarter of 2021 and increased 2021 guidance estimates incorporating acquisition activity. Capital allocation strategy Topaz’s hybrid royalty and infrastructure business provides transparent, embedded & self-funded growth and balanced commodity exposure. Through execution of the … Read more
Successful completion of first half and an early start to the second half 2021 drilling program Continued debt paydown and higher funds flow from operations Calgary, Alberta–(Newsfile Corp. – July 29, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to report strong operating and financial … Read more
CALGARY, AB, July 29, 2021 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report its second quarter 2021 results including record production of 50,011 boe/d, a significant increase in free cash flow(a) and accelerated debt reduction. Production from the winter drilling program continued to exceed expectations while gas prices remained elevated during the quarter, with … Read more
CALGARY — Cenovus Energy Inc. retired nearly $1 billion in debt in the second quarter as the easing of COVID-19 restrictions and a related commodity price surge provided a lift to Canadian oil and gas producers.
The Calgary-based oil producer said Thu…
CALGARY, AB, July 29, 2021 /CNW/ – Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) (OTCQX: GENGF) is providing the following second quarter operating update to shareholders. Gear’s Interim Condensed Consolidated Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the period ended June 30, 2021 are available for review on Gear’s website at www.gearenergy.com and on www.sedar.com. Gear Historical Operating Netback … Read more
Operating Performance Reflects AltaGas’ Continued Focus on Optimizing the Platform to Generate Strong Value Creation and Drive Better Outcomes for all Stakeholders CALGARY, AB, July 29, 2021 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) today reported second quarter 2021 financial results and provided an update on the Company’s operations. HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars … Read more
CALGARY, AB, July 29, 2021 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited consolidated financial results for the three and six months ended June 30, 2021. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related Management’s … Read more
CALGARY — TC Energy Corp. is reporting lower net profits in its latest quarter as it continued to feel some effects from a large impairment charge that will be shared with the Alberta government on its cancelled Keystone XL export oil pipeline.
The Ca…
CALGARY — Suncor Energy Inc. said Thursday it will produce less bitumen than expected this year from its Fort Hills oilsands mine.
The Calgary-based oilsands producer and refiner cut its 2021 production guidance for Fort Hills in northern Alberta to b…
Wednesday, July 28, 2021 Feds giving $5.2-billion bailout to Newfoundland and Labrador Newfoundland and Labrador has highest per person program spending among provinces OTTAWA, ON: The Canadian Taxpayers Federation is calling on the federal government to push the government of Newfoundland and Labrador to reduce its spending in the wake of Ottawa’s multi-billion-dollar bailout of … Read more
Jul 29, 2021 (Bloomberg) Oil extended gains from a two-week high after U.S. crude and fuel stockpiles posted strong declines, signaling peak summer demand remains robust despite a resurgence of Covid-19.Futures in New York traded near $73 a barrel after climbing 1% on Wednesday. Crude inventories dropped more than expected last week to the lowest since … Read more
July 29, 2021 Delivers free funds flow of $1.3 billion CALGARY, Alberta, July 29, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continues to demonstrate the strengths of the company’s integrated portfolio in its second quarter results, generating cash from operating activities of $1.4 billion, adjusted funds flow of $1.8 billion and … Read more
OTTAWA, July 28 (Reuters) – Canada will offer up to C$5.2 billion ($4.1 billion) to debt-ridden Newfoundland and Labrador to help it complete a problem-plagued hydroelectric power plant and also ease the Atlantic province’s fiscal plight, Prime Minister Justin Trudeau said on Wednesday. The government agreed in principle to invest C$1 billion and provide a … Read more
CALGARY, Alberta, July 29 (Reuters) – Canadian pipeline operator TC Energy Corp (TRP.TO) could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S. and Canadian oil and gas pipelines. Calgary-based TC Energy, which ships oil and gas through nearly 100,000 kilometres (62,140 miles) … Read more
Canada’s oil and natural gas industry demonstrates transparency and performance with its report on emissions. By Holly Quan In a new report, the Canadian Association of Petroleum Producers (CAPP) explores an important piece of the Canadian natural gas and oil industry’s environment, social and governance (ESG) performance. Canada’s Natural Gas and Oil Emissions: Ongoing Reductions, Demonstrable Improvement illustrates … Read more
It’s Time to Rebuild in Western Canada Communica Public Affairs Inc. (Communica), a top stakeholder and Indigenous engagement specialist firm, has partnered with the Founder Institute to offer an exclusive Fellowship for their Western Canada Fall Virtual 2021 cohort. One startup will have their costs covered to attend this 14-week accelerator program. Communica is … Read more
The continuing trend towards extended reach horizontals has compounded the challenges operators face during the installation phase of completion operations. Some of the conventional methods to improve installation efficiency include the use of heavy weight drill pipe above the liner hanger, the use of completion tools that allow for rotation, and circulating with fluid additives. … Read more
Upstream, midstream, and downstream, the Verax’s patented NIR optical technology provides real-time measurements, requires no sampling or filtering and has no moving parts – all resulting in longer life and lower maintenance costs. More Data – Less Maintenance With no sample system requirements JP3’s Verax system provides real-time liquid and gas measurements with almost zero downtime. Maximize Efficiency & … Read more
Jul 28, 2021, 17:00 ET CALGARY, AB, July 28, 2021 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to release financial and operating results for the second quarter of 2021. HIGHLIGHTS Second quarter 2021 cash flow(1) of $1.89 per diluted share, record free cash flow(2) of $343.9 million, and average production of 410,339 boepd, exceeding the high end of … Read more
July 28, 2021 NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, July 28, 2021 (GLOBE NEWSWIRE) — Spartan Delta Corp. (“Spartan” or the “Company“) (TSXV:SDE) is pleased to announce that it has entered into a definitive agreement (the “Agreement“) to acquire Velvet Energy Ltd. (“Velvet“), a privately held light-oil Montney … Read more
by David Yager The two most important words about inactive oil and gas wells and the industry’s legal obligation to clean up after itself are Reclamation Certificate (RC). The Merriam-Webster on-line dictionary definition of Holy Grail is, “something that you want very much but that is very hard to get or achieve.” Holy Grail is … Read more
(Bloomberg) Suncor Energy Inc. cut its full-year production guidance at its Fort Hills oil sands mine to between 45,000 and 55,000 barrels a day from a previous 65,000 to 85,000 barrels a day because of additional required work on the mine. Instability on the south side of the mine requires so-called overburden removal to occur, which … Read more
July 28, 2021 CALGARY, Alberta, July 28, 2021 (GLOBE NEWSWIRE) — Baytex Energy Corp. (TSX: BTE) today released its 2020 Environment, Social and Governance (“ESG”) Report, which demonstrates our commitment to transparency and accountability, and shows our progress in managing the environmental and social impacts of our business. The report is available on the Baytex … Read more
July 28, 2021 CALGARY, Alberta, July 28, 2021 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce its operating and financial results for the second quarter ended June 30, 2021. Selected financial and operating information is shown below and should be read in conjunction with Cardinal’s unaudited condensed … Read more
July 28, 2021 CALGARY, Alberta, July 28, 2021 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2021 second quarter results that demonstrate the quality of its asset base. Athabasca is advancing the refinancing of its debt that will allow shareholders to capture unparalleled cashflow generation potential … Read more
July 28, 2021 Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, … Read more
CALGARY, AB, July 28, 2021 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX: YGR) announces its financial and operating results for the three and six months ended June 30, 2021. Second Quarter Highlights Average production of 8,205 boe/d (46% liquids) during the quarter, a 17% decrease from the same period in 2020 Oil and gas sales were $28.5 million, an increase … Read more
CALGARY, AB, July 27, 2021 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack’s unaudited condensed consolidated interim financial statements for the three … Read more
Dividend Increased by ~50%, New Debt Target Established Second Quarter Highlights: Generated second quarter cash from operating activities of $750 million, non-GAAP cash flow of $733 million and non-GAAP free cash flow of $350 million Reduced net debt(1)by $1.2 billion to $5.2 billion; accelerated expected timeline of $4.5 billion net debt target to year-end 2021 Continued to demonstrate industry-leading capital efficiencies with operational efficiency … Read more
Vancouver, British Columbia–(Newsfile Corp. – July 28, 2021) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF)(“Hemisphere” or the “Company”) is pleased to announce that it has entered into a new extendible two year committed term facility with ATB Financial (the “Lender”), providing for borrowings of up to $35,000,000 (the “Credit Facility”). As part of entering into the … Read more
Jul 28, 2021 (Bloomberg) Oil rose in New York after an industry report pointed to a decline in U.S. fuel and crude stockpiles, compounding signs that demand is tightening global markets.West Texas Intermediate futures added 0.7% to trade above $72 a barrel after slipping for a second session on Tuesday. The American Petroleum Institute reported a … Read more
Canada’s Inter Pipeline Ltd. told shareholders to accept a C$8.6 billion ($6.8 billion) hostile takeover offer from Brookfield Infrastructure Partners LP, days after walking away from a friendly deal with Pembina Pipeline Corp. The move pushes the monthslong battle for Canada’s fourth-largest midstream company closer to a resolution. Brookfield sweetened its bid on July 15 … Read more
CALGARY — Crescent Point Energy Corp. raised its 2021 production guidance stemming from higher energy prices after swinging to a $2.14-billion profit in the second quarter.
The Calgary-based company says it earned $3.65 per diluted share in the quarte…
by Koleya Karringten When I first started getting interested in Bitcoin, what really captured my imagination was the unique technology behind the world’s first digital currency. A whole ecosystem of advanced computers racing to solve a complex mathematical puzzle, with the winners receiving a prize – and maintaining the security and integrity of the network … Read more
Quebecers, Ontarians want cancelled Energy East reconsidered in wake of the cross-border pipeline dispute July 27, 2021 – Canada’s energy independence is in the spotlight again, with a key energy artery in the crosshairs of a transborder dispute. Enbridge’s Line 5 pipeline, which supplies Ontario and Quebec, is under threat of closure from the governor … Read more
Unheard-of safety and noise control. Control valves don’t have to be loud. IMI’s all-new dBX Shield™ valve is the safest, quietest midstream control valve on the market. With the industry’s highest rangeability and unprecedented flow control, it essentially eliminates downstream vibration and can reduce noise to just 60 decibels (dBA). Its state-of-the-art DRAG™ technology controls high … 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. Alberta is showing its commitment to managing the clean up of oil and … Read more
The combination of best-in-class capabilities will deliver more than 100 years of engineering, manufacturing and operational experience across the energy, food and beverage, environmental and pharmaceutical sectors CALGARY, July 27, 2021: Exchanger Industries Limited (“EIL”), the Canadian market leader and globally recognized designer and manufacturer of heat transfer products for the energy, petrochemical, industrial and clean … Read more
Most pipeline operators have thousands of assets requiring constant inspection, maintenance, and activity. From pigging to inline inspections, water crossing to signage – pipelines require continuous upkeep and are often scattered across remote areas. Finding a location can be difficult enough, but logging activity in binders and faxing handwritten forms to offices creates an immense, … Read more
Heavy-duty equipment used in the oil & gas industry requires robust hydraulic cylinders capable of handling the force and load of the most demanding applications. RAM offers many cylinder designs and sizes to accommodate the wide range of equipment used in the oil field. Precisely engineered for your application, RAM’s Custom Heavy-Duty cylinders will achieve … Read more
By almost every metric, Canada’s oil and gas sector has reduced GHG emissions intensity over the last two decades By Lennie Kaplan 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
Calgary, Alberta–(Newsfile Corp. – July 27, 2021) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company“) is pleased to announce its second quarter results for 2021. The following news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), the unaudited interim consolidated financial statements and related notes of Trican for … Read more
Jul 27, 2021 (Bloomberg) Brookfield Asset Management Inc. said it has raised $7 billion for the initial close of its new impact investment fund, pulling in money from Singapore’s sovereign wealth fund and Canadian pension managers for an investment vehicle that will help businesses cut their carbon emissions. The Toronto-based alternative asset manager said it plans … Read more
Jul 26, 2021 (Bloomberg) Japan’s aggressive new plan to champion clean energy is shaking up the liquefied natural gas market that it helped pioneer 60 years ago.The country, the world’s top LNG importer, called for more renewables such as wind and solar to replace natural gas in a revised plan released last week. The shift aims for LNG-fired … Read more
Jul 27, 2021 (Bloomberg) Oil steadied as investors assessed the outlook for global demand amid a resurgence in Covid-19 that’s leading to tighter restrictions.Futures fluctuated near $72 a barrel in New York. The rebound in key energy consumers such as the U.S. and China has helped to underpin increasing fuel consumption and drained bloated stockpiles built … Read more
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, July 26, 2021 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) announces the execution of an agreement … Read more
The industrial TSC thermal transfer label printer combined with our pressure sensitive vinyl material is a great solution for labeling all of your sea cans, steel shipping containers and mobile modular buildings. Using the Bartender Label Design software, easily create your identification labels and add details such as serial numbers, unit numbers, contact information and building identifiers like OFFICE or … Read more
Reuters NEW YORK — Private equity firm Cresta Fund Management has agreed to buy a controlling stake in idled Canadian 135,000-barrel-per-day (bpd) Come-by-Chance refinery, a fund representative said on Monday, with the aim of converting it to renewable fuels production.The refinery, owned by North Atlantic Refining Ltd (NARL), has been idled for more than a … Read more
CALGARY — Brookfield Infrastructure Partners LLP said it’s confident its hostile bid for Calgary-based Inter Pipeline will be successful now that Pembina Pipeline Corp. has terminated its own rival offer.
Brookfield’s $16-billion offer is now “the sol…
Undergrad program to expand into more diverse energy sources as industry seeks a low carbon future By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Dr. Arin Sen, head of the department of chemical and petroleum engineering at the University of Calgary’s Schulich School of Engineering. Photo … Read more
Jul 26, 2021 (Bloomberg) Oil headed for the first decline in five days as investors assessed the outlook for demand amid a resurgence in Covid-19 and as broader markets were on a softer footing. Futures in New York dropped to trade near $71 a barrel after a volatile week of trading that saw prices swing wildly in a … Read more
Jul 26, 2021 (Bloomberg) If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro’s oil revival.There, buses and trucks are piling into Baker Hughes Co.’s shipyard, where the energy services giant is churning out hundreds of kilometers of … Read more
CALGARY — Pembina Pipeline Corp. will pocket a $350-million break fee after terminating its acquisition of Inter Pipeline Ltd.
The move follows Inter Pipeline’s board advising that it would no longer recommend that shareholders support the deal after …
Jul 26, 2021 (Bloomberg) —Pembina Pipeline Corp. terminated its C$8.5 billion ($6.7 billion) agreement to acquire Inter Pipeline Ltd. after Brookfield Infrastructure Partners LP raised its hostile bid for the Canadian energy company.Inter Pipeline said Monday in a statement it will pay a C$350 million termination fee to Pembina.“Inter Pipeline’s Board of Directors is open … Read more
July 26, 2021 NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES Appoints Interim Chief Financial Officer CALGARY, Alberta, July 26, 2021 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced the Company has initiated a formal process to identify, examine and consider a range of strategic alternatives with … Read more
From Hydrogen Economist – See Article Here Taking clean hydrogen into mainstream requires strong government support and oil majors’ financial clout, America’s second biggest bank says Bank of America has set itself a goal of deploying $1.5tn by 2030 to accelerate the transition to a low-carbon, sustainable economy, and it expects the emerging hydrogen economy … Read more
Epscan Industries has proudly been operated for over 40 years, offering electrical and instrumentation services in Western Canada and across the globe. Epscan Industries Ltd. is a family owned and operated business based out of Fort St. John, British Columbia. Founded in 1978 by Don Stirling and Bob Churchill, we’ve grown to a competent staff … Read more
The Rise of the Connected Worker Worker safety is always a top priority and helping our clients achieve this is Field Safe’s goal. The industry is evolving from the days of manually completing and submitting forms from the field and keeping a binder of safety regulations somewhere in the back of a truck. Today’s digital … Read more
Everybody is talking about digital transformation. Companies in all industries are embracing technologies that encourage collaboration, increase job satisfaction, and generate new value and opportunities. But with all of the options for digital tools available, it can get a little overwhelming. Every department within a copy has its own needs and job functions, and there … Read more
Nuclear measurement sources naturally decay over time, losing their strength, until eventually there isn’t enough activity left to reliably measure your process. Source replacement is costly, time consuming, and does not work towards a reduction in overall site source activity. In some cases, discontinued products may leave you scrambling to replace failed electronics in a … Read more
Dig Dynamics Ltd is a Fort St. John based excavation, landscaping, gravel, and topsoil vendor focusing on the ‘small load’ delivery and specializing in close quarters projects such as digging around basements, trenching, driveways, and parking area construction. Born and raised in Fort St. John, owner Art Jarvis understands the terrain and geology of the … Read more
By Vista Projects ESG. Perhaps the most explosive three-letter combination since Trinitrotoluene gained its common abbreviation (TNT!). Of course, we’re not talking about highly flammable chemical compounds. We’re referring to Environmental, Social, and Governance (ESG). Three intertwined concepts that have quickly established an undeniable influence over how companies operate. And will continue to do so … Read more
FLOWSIC600-XT is #Hydrogen ready! The new FLOWSIC600-XT gas flow meters from SICK meet the requirements for custody transfer measurement in natural gas with up to 30% hydrogen content. And for installed meters we offer individual meter assessments. The perfect ultrasonic gas flow meter for any application Every ultrasonic gas flow meter of the FLOWSIC600-XT product family is … Read more
Carbon capture and storage (CCS) or carbon capture utilisation and storage (CCUS) form a major part of a lot of governments’ net-zero plans and also roadmaps like the IEA’s Net-Zero by 2050 roadmap that the published recently. But so far, we have had very few successful carbon capture projects, even though many smart and motivated … 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
Jul 24, 2021 (Bloomberg) Environment ministers from the Group of 20 nations were unable to reach full agreement on key climate goals, just 100 days before a critical international conference kicks off.After marathon negotiations that ran through the night, the ministers couldn’t find common ground on phasing out coal or how much to limit global warming, … Read more
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo July 23 (Reuters) – U.S. energy firms added oil and natural gas rigs for a fourth week in a row for the first time since May, spurred by higher … Read more
WATCH! COMING JULY 27th! by Aaron Gunn Season 2 – Politics Explained – 7 More Episodes. For years, Aaron Gunn has felt too many important issues, or perspectives, are ignored by the mainstream media. It is for this reason, more than any other, that he created the online series Politics Explained, many of which have addressed energy … Read more
Never really intended for sale, it was produced to pull the Model 3’s base price below a key tax credit threshold. BY ROB STUMPF From The Drive Earlier this year, we told you about Tesla’s ultra-low range Model 3 sold exclusively in Canada. The no-frills EV has only 94 miles (151 kilometers) of range and no Autopilot … Read more
July 23, 2021 CALGARY, Alberta, July 23, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) announced today that it has completed its previously announced private placement of $230 million aggregate principal amount of 7.875% senior unsecured notes due July 23, 2026 (the “Notes”). The Notes were offered through a syndicate of … Read more
Calgary, July 14, 2021 – Three in four Canadians polled agree Canada should be a preferred global supplier of energy because of its climate and environmental record, according to a July 2021 public opinion survey conducted by Research Co. And almost seven in ten (69 percent) say they have personally benefited from the oil and … Read more
Canada’s drilling rig count is down 1 active drilling rigs according to data collected by Baker Hughes for the week ending July 23, 2021. From one week ago, Alberta rig counts increased 10 to 98 and the Saskatchewan rig counts increased 1 to 30. Oil drilling decreased 1 to 93 and gas stayed at 55.
CALGARY — MEG Energy Corp. boosted its full-year production guidance after reporting $68 million in net profits in the second quarter on a near doubling of revenues.
The Calgary-based company earned 22 cents per diluted share, up from a loss of three …
(Reuters) – Brookfield Infrastructure Partners said on Friday proxy advisory company Glass Lewis has backed Brookfield’s offer for Inter Pipeline Ltd over a rival bid from Pembina Pipeline Corp. This follows days after support for Brookfield’s bid from proxy advisory firm Institutional Shareholder Services (ISS). Pembina has made an all-stock bid of about C$8.5 billion … Read more
Jul 22, 2021 (Bloomberg) India’s biggest oil refiner says fossil fuels will continue to be key part of the nation’s energy mix as it embarks on a $13 billion expansion. Indian Oil Corp. plans to increase its crude processing capacity by a third over the next five years to increase production of gasoline and diesel, along with petrochemicals, … Read more
(Bloomberg) —Oil squeezed out its first weekly gain in three on signs that global demand is holding up despite concerns that the renewed spread of the virus could stall the recovery. Futures in New York rose 0.2% this week, completely recouping a selloff on Monday that was stoked by the rapidly spreading delta variant. Fuel … Read more
Haisla, Nisga’a Nations advancing two major natural gas export opportunities By Mario Toneguzzi Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Haisla Nation Chief Councillor Crystal Smith. Photograph supplied for Canadian Energy Centre The chief councillor of the Haisla Nation is excited about the future of liquefied natural gas … Read more
All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted CALGARY, AB, July 22, 2021 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Corporation”) reported its second quarter of 2021 operational and financial results. MEG continues to proactively respond to the safety challenges … Read more
Jul 20, 2021 (Bloomberg) For the first time in seven years, Halliburton Co., the biggest provider of fracking services, is expanding in both U.S. and foreign markets as spending recovers in the global energy industry.“The economy feels more than 2% shut in, so the demand growth is there,” Chief Executive Officer Jeff Miller said Tuesday in an interview … Read more
July 23, 2021 CALGARY, Alberta, July 23, 2021 (GLOBE NEWSWIRE) — Cathedral Energy Services Ltd. (TSX:CET) (“Cathedral”) and Precision Drilling Corporation (TSX: PD, NYSE: PDS) (“Precision”) are pleased to announce the closing of Cathedral’s acquisition of Precision’s directional drilling business (the “Transaction”) for a purchase price of $6,350,000. The Transaction includes operating assets and personnel … Read more
CALGARY, Alberta – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has entered into a power purchase agreement (PPA) to buy solar-power produced electricity and the associated emissions offsets from a partnership between Cold Lake First Nations (CLFN) and Elemental Energy Inc., helping Cenovus advance two of its environmental, social & governance (ESG) focus areas by … Read more
Canada can do more to help reduce global GHGs using its oil and gas than it can by shutting it down Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Government of Canada’s new “just transition” engagement process sends an uncertain message to Canadians about our role in … Read more
Jul 22, 2021 CALGARY, AB, July 22, 2021 /CNW/ – MEG Energy Corp. (“MEG” or the “Company”) (TSX: MEG) announced today that it has issued a notice to redeem US$100 million aggregate principal amount of its 6.50% senior secured second lien notes due 2025 (the “Second Lien Notes”) at a redemption price of 103.25%, plus accrued and unpaid interest to, … Read more
CALGARY — Precision Drilling Corp. missed expectations as its net loss surged in the second quarter to $75.9 million despite an improving energy backdrop because of compensation charges.
The Calgary-based contract drilling company says its lost $5.71 …
Jul 21, 2021 (Bloomberg Markets) The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of the plane can carry about 260 passengers. Inside this one, Saudi Energy Minister Prince Abdulaziz bin Salman and a dozen or so aides were heading home from a tumultuous meeting at OPEC’s headquarters in Vienna … Read more
Jul 22, 2021 (Bloomberg) Oil edged higher, holding the biggest gain in three months, amid expectations that recovering demand will soon tighten global markets.West Texas Intermediate futures pushed further above $70 a barrel, and have now recouped much of Monday’s 7.5% collapse. Gasoline use is essentially back to normal in many of the biggest oil-consuming countries, … Read more
Cenovus to buy renewable power from Cold Lake First Nations, Elemental Energy partnership July 22, 2021 CALGARY, Alberta, July 22, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has entered into a power purchase agreement (PPA) to buy solar-power produced electricity and the associated emissions offsets from a partnership between Cold Lake … Read more
July 22, 2021 CALGARY, Alberta, July 22, 2021 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in … Read more
Français CAPP report first in a series of planned industry ESG disclosures CALGARY, AB, July 21, 2021 /CNW/ – The Canadian Association of Petroleum Producers (CAPP) released a new report titled, Canada’s Natural Gas and Oil Emissions: Ongoing Reductions, Demonstrable Improvement. The report, which lays out the means to a lower-carbon future through innovation and new technology and illustrates … Read more
July 21, 2021 CALGARY, Alberta, July 21, 2021 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or “the Company”) is pleased to report its financial and operating results for the three and six months ended June 30, 2021. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR … Read more
In response to NRCAN’s announcement yesterday (“Canada Launches Just Transition Engagement”) the Canadian Association of Energy Contractors is seeking clarification on how the federal government defines “Just Transition” and why legislation may be required to support it. With respect to building a clean energy future, Canada’s energy industry has made it abundantly clear it supports … Read more
OTTAWA, ON: The Canadian Taxpayers Federation is calling on federal politicians to focus on saving taxpayers’ money in light of Parliamentary Budget Officer data that predicts the federal government won’t balance its budget until 2070. “Prime Minister Justin Trudeau promised Canadians he would balance the books in 2019, but it turns out that we will have … Read more
Experts say it will be ‘virtually impossible’ to meet GHG reduction targets without CCS By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter 20, 2021 The Quest CCS facility – part of the Athabasca Oil Sands Project – has safely sequestered more than six million tonnes of … Read more
July 21, 2021 The province of Quebec on Wednesday rejected a liquefied natural gas export project by the Saguenay port citing environmental concerns, in the latest blow to North American LNG development. Quebec Environment Minister Benoit Charette said the proposed Énergie Saguenay project would discourage the global transition toward cleaner energy sources. The C$9 billion … Read more
Tidewater Midstream Announces the Creation of Tidewater Renewables and Capitalization via Initial Public Offering /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ CALGARY, AB, July 21, 2021 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater Midstream“) is pleased to announce the creation of Tidewater Renewables Ltd. (“Tidewater Renewables”) as a wholly owned … Read more
John Kemp LONDON, July 20 (Reuters) – Coal-fired power plants are proving hard to shutdown in developing economies because they are cheap and convenient, but keeping them going is pumping out carbon dioxide at a rate far beyond the level needed to achieve net zero emissions by 2050. Coal, which is being phased out of … Read more
Jul 21, 2021 (Bloomberg) Japan is set to make dramatic changes to how it generates electricity by the end of the decade, slashing its dependence on fossil fuels and upping its reliance on renewable energy in an ambitious effort to reduce emissions.Renewable energy, which includes solar, wind and hydropower, should make up more than a third … Read more
Jul 21, 2021 (Bloomberg) Oil rose in tandem with European equities, recouping some of the week’s earlier losses amid speculation that global markets will eventually tighten.West Texas Intermediate crude added 1.8%, rebounding for a second day after fears over the spread of the Covid-19 delta variant triggered a price collapse on Monday. Despite the virus’ threat to … Read more
Canada’s national export agency says it plans to commit to net-zero greenhouse gas emissions by 2050 and is working on a range of new sustainable financing ideas to help decarbonize its portfolio. Export Development Canada, which provides financing, insurance and other support to Canadian businesses, including the oil and gas industry, will announce its 2050 … 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. The Western Canadian oil and gas industry has been anticipating a new Liability … Read more
Global Energy Show – Katherine Moshonas Cole, President of X-energy Canada discusses the future of the nuclear industry in Canada, enabling the deployment of high-temperature gas reactors and how nuclear power fits within the energy transition. Katherine Moshonas Cole: “The future needs nuclear power. We need nuclear power, and we need it to be deployable … Read more
The global supply chain network is changing at lightning speed. With increasing competition and pressure to deliver goods faster and smarter, supply chain management needs to be ahead of the curve. Be part of the #supplychange community during this two-day expo and conference. Regardless of your industry sector, your business has a supply chain, and it is … Read more
Job Description We are looking for experienced Class 1 transport drivers to join our growing company. Bizi Transport provides transportation services for the oilfield. Responsibilities: Driver will be required to: Perform their duties safely and in accordance with Bizi Transport polices and procedures performing: pre-and post trip inspections, Driving, according to Hours of Service Rules … Read more
Insight Analytical Solutions is a customer focused Calgary, Alberta based systems integrator and distributor of analytical equipment, technology and expertise to the oil and gas industry. Insight’s team of process analyzer experts have decades of combined experience in custom integration projects and sample system design. Our integrated sample handling and fabrication capabilities have been applied to … Read more
View Original Post HERE Canada is building a clean energy future that leaves no one behind. The Honourable Seamus O’Regan Jr., Minister of Natural Resources, today launched an engagement process asking Canadians how the Government of Canada can ensure a just and equitable transition to a low-carbon future for workers and their communities. Through this … Read more
CALGARY — A liquefied natural gas project being proposed in a northern B.C. First Nation could soon produce millions of tons of the resource per year.
A Calgary-based group of LNG companies called Rockies LNG and Texas-based Western LNG say the projec…
See More from ENERGYminute HERE By Michelle Heath and Aaron Foyer Global Electricity Series: Wealth and Infrastructure | What Powers Every Nation? | Changes in Access to Electricity
Jul 20, 2021 (Bloomberg) The world’s biggest oil and gas companies are more likely to talk to Wall Street about emissions than how their businesses might grow.That, at least, is according to a Bloomberg analysis of conference calls for the world’s 25 biggest fossil fuel producers including Exxon Mobil Corp. and Gazprom PJSC. The data shows … Read more
Jul 20, 2021 (Bloomberg) Brent oil steadied after a coronavirus-driven washout on Monday that saw prices tumble to an eight-week low.Futures in London held near $69 a barrel after plunging 6.8% on Monday amid a broader market rout. The fast-spreading delta variant of Covid-19 has led to a surge in virus cases and renewed restrictions as it sweeps … Read more
Jul 19, 2021 (Bloomberg) Inter Pipeline Ltd. is evaluating a formal revised C$8.6 billion ($6.7 billion) offer from Brookfield Infrastructure Partners LP to buy Canada’s fourth-largest midstream company after rival suitor Pembina Pipeline Corp. said it wouldn’t raise its own bid for the company.Brookfield agreed last Thursday to lift the cash portion of its offer by 2.6% to … Read more
Tired of having the highest gas prices in all of North America? I know I am. So what’s behind these ridiculously high prices? Is it a lack of pipelines? Refineries? Or simply greedy politicians? Here’s what you need to know Politics Explained | Season 1, Episode 2 SUBSCRIBE: https://www.youtube.com/aarongunnbc JOIN THE FIGHT: https://aarongunn.ca/join/ SUPPORT ME: … Read more
Jul 19, 2021 (Bloomberg) Companies are buying carbon offsets like never before. They’re also facing unprecedented scrutiny over whether helping to fund green projects elsewhere really makes up for their heat-trapping emissions.The most common offsets are based on avoiding the release of additional carbon dioxide into the atmosphere, for example by preventing deforestation or supporting renewable energy … Read more
By Geoffrey Cann Enrollments at U Calgary’s school of engineering petroleum studies have collapsed. What does a future engineering talent shortage mean for Canada’s largest export industry? History is a fine teacher. In 1998 industry went through a major computer system upgrade. You may be wondering what this has to do with petroleum studies, but read on. Talent … Read more
July 19, 2021 CALGARY, Alberta, July 19, 2021 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its second quarter (“Q2 2021“) operating and financial results for the period ended June 30, 2021, $155.0 million Clearwater royalty acquisition and a 38% dividend increase. Clearwater Royalty Acquisition and Dividend … Read more
CALGARY — Prominent shareholder advisory firm ISS is recommending Inter Pipeline investors reject the company’s proposed sale to Pembina Pipeline Corp. ISS instead says investors should support a hostile takeover bid by Brookfield Infrastructure LLP.
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LAUNCESTON, Australia (Reuters) – The OPEC+ deal to boost crude oil output from August was always the most likely outcome to the producer group’s earlier impasse, and it should be enough to end market talk of $100 a barrel oil, at least for now. OPEC+ ministers agreed on Sunday to boost production by 400,000 barrels … Read more
July 18 (Reuters) – Proxy advisory firm Institutional Shareholder Services (ISS) has favored Brookfield Infrastructure Partners’ (BIP.N) offer for Inter Pipeline Ltd (IPL.TO) in a blow to a rival bid from Pembina Pipeline Corp (PPL.TO). During the past week, Brookfield raised its hostile offer for Inter Pipeline to about C$8.58 billion ($6.80 billion). Before that, Pembina had made an … Read more
Jul 19, 2021 (Bloomberg) OPEC and its allies struck a deal to inject more oil into the recovering global economy, overcoming an internal split that threatened the cartel’s control of the crude market.An unusually public dispute that tested the group’s unity was resolved in a classic compromise — with Saudi Arabia meeting the United Arab Emirates … Read more
Jul 19, 2021 (Bloomberg) Companies are buying carbon offsets like never before. They’re also facing unprecedented scrutiny over whether helping to fund green projects elsewhere really makes up for their heat-trapping emissions.The most common offsets are based on avoiding the release of additional carbon dioxide into the atmosphere, for example by preventing deforestation or supporting renewable energy … Read more
Jul 19, 2021 (Bloomberg) Oil was the worst performing commodity after OPEC+ agreed to boost supply as a rising dollar and broader market selloff compounded pressure on the market.Futures in New York lost as much as 6.5% on Monday, the biggest decline since March. OPEC and its allies agreed to monthly supply hikes of 400,000 barrels a day, … Read more
CALGARY — TransAlta Corp. has taken another step in its goal of becoming carbon neutral by converting the second of three planned coal-to-gas conversions at its Alberta Thermal power generation facilities near Wabamun.
The conversion of Keephills Uni…
Epscan Industries has proudly been operated for over 40 years, offering electrical and instrumentation services in Western Canada and across the globe. Epscan Industries Ltd. is a family owned and operated business based out of Fort St. John, British Columbia. Founded in 1978 by Don Stirling and Bob Churchill, we’ve grown to a competent staff … Read more
Hazardous material and chemical storage in an environmentally safe manner. With today’s stringent environmental overlook, harmful chemicals and materials should always be stored safely. The resulting environmental costs from a spill can be extremely expensive. Enviro-Pads’ Hazardous Material storage buildings are custom built to meet individual customer’s requirements. With custom options such as lighting, ventilation, … Read more
Sur-Flo’s unique paddle meter design is engineered so that wearing parts are out of the direct path of the fluid. This makes the SF1015 incredibly durable, even in gas breakout situations. For more information on the SF1015 Paddle Meter, visit: www.sur-flo.net/products/sf1015-paddle-meter or call our Sales Team at: (403) 207-9715.
There are several methods for handling waste gases at upstream oil and gas facilities, the most common being combustion. So, what are the differences between Flares, Incinerators and Enclosed Combustors? To help you make the best choice for your company we have broken down the differences and the pros and cons for each system. Flares … Read more
When was the last time you got to experience the process in which pipe is fabricated? If you are answering “I haven’t”, then let me walk you through this life cycle. This process begins when the RFP and PO has ended. This scope is limited to prefabricated carbon steel piping. Step 1 – Confirm IFC … Read more
For an industry in survival mode, all non-essential spending had been cancelled before Ottawa’s cash was announced By David Yager for the Canadian Energy Centre Energy worker in Alberta. Photograph courtesy Government of Alberta Edmonton’s Parkland Institute knows everything, except when they don’t. Parkland’s purpose is to explore “political economy” from the perspective that the private … Read more
MONTREAL — There won’t be any more negotiations over a proposed natural gas pipeline crossing Indigenous lands in northern Quebec, say Innu leaders who oppose it.
The Innu First Nations of Mashteuiatsh, Pessamit and Essipit say they are ready to take…
Canada’s drilling rig count is up 13 active drilling rigs according to data collected by Baker Hughes for the week ending July 16, 2021. From one week ago, Alberta rig counts increased 10 to 98 and the Saskatchewan rig counts increased 1 to 30. Oil drilling increased 6 to 94 and gas increased 7 to … Read more
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo July 16 (Reuters) – U.S. energy firms added oil and natural gas rigs for a third week in a row for the first time since May even though oil … Read more
Russia, Qatar, Norway, UAE among those pursuing growth By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter One of six artificial islands used by Abu Dhabi National Oil Corporation for oil and gas production. Photo courtesy ADNOC New oil and gas megaprojects are underway around the world … Read more
Jul 16, 2021 (Bloomberg) –Pembina Pipeline Corp. said it wasn’t going to sweeten its bid for Inter Pipeline Ltd. one day after a new hostile offer for Canada’s fourth-largest midstream company was made by Brookfield Infrastructure Partners LP as the takeover battle intensifies.The Canadian pipeline company doesn’t intend to increase or change the 0.5 common … Read more
VANCOUVER — British Columbia, Ottawa and Shell Canada are joining together to open a centre that will invest in low-carbon technologies.
Premier John Horgan says each of them will contribute seed money of $35 million to stimulate other investment fro…
CALGARY, AB, July 15, 2021 /PRNewswire/ – Strathcona Resources Ltd. (“Strathcona“) announced today that it has priced a private offering (the “Offering“) under Rule 144A and Regulation S of the U.S. Securities Exchange Act of 1933, as amended (the “U.S. Securities Act“), to eligible purchasers, of U.S.$500 million in aggregate principal amount of 6.875% senior unsecured notes due 2026 (the … Read more
CALGARY, AB, July 16, 2021 /CNW/ – Highwood Oil Company Ltd. (TSXV: HOCL) (“Highwood” or the “Company”) is pleased to announce that it is changing its name to Highwood Asset Management Ltd. (the “Name Change”). Name Change To better reflect the Company’s diversified asset base and potential future opportunities, the Company found it suitable to rename itself Highwood … Read more
CALGARY, AB, July 16, 2021 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to announce the creation of Rubellite Energy Inc. (“Rubellite”), a new high growth, pure play Clearwater oil company. Rubellite will: (i) acquire all of Perpetual’s Clearwater lands, wells, roads and related facilities in northeast Alberta (the “Clearwater Assets”) for total consideration of $60 million, including $58 million in cash and … Read more
Jul 16, 2021 (Bloomberg) The world needs the OPEC+ group to open the taps further to balance the oil market in the coming months, on that everyone agrees. But there’s less unanimity on just how much more crude they will have to pump.The International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries all say that global … Read more
Jul 16, 2021 (Bloomberg) Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 threatened the outlook for global fuel demand demand.Futures traded around $72 a barrel in New York, and are heading for a weekly decline of 3.5%. The fast-spreading delta variant is triggering renewed restrictions on movement as it sweeps across the … Read more
Jul 15, 2021 (Bloomberg) Brookfield Infrastructure Partners LP’s decision to raise its hostile cash-and-stock offer for Canada’s Inter Pipeline Ltd. to C$8.6 billion ($6.9 billion) has shifted the focus to rival suitor Pembina Pipeline Corp.’s next move as shares in the fought-over midstream company surged.Brookfield Infrastructure agreed to lift the cash portion of its offer by … Read more
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, May 18, 2021 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce that in furtherance of its growth strategy of acquiring low-risk, premium growth royalty interests complemented by stable infrastructure revenue to generate free cash flow(1) growth, it … Read more
CALGARY, AB, July 15, 2021 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to announce the closing of two strategic North Montney transactions, a North Montney GORR transaction with Topaz Energy Corp. (“Topaz”) and a significant long-term gas supply agreement with Cheniere Energy, Inc. (“Cheniere”). BLACK SWAN ENERGY CLOSING Tourmaline is pleased to announce the … Read more
July 15, 2021 CALGARY, Alberta, July 15, 2021 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce it has successfully closed the previously announced acquisition of Venturion Oil Limited (“Venturion“). Consideration consisted of the issuance of 6.3 million Cardinal common shares and approximately $27.5 million of cash, subject … Read more
From Resource Works – See More Articles Here A new report claims Canada’s oil and gas pipelines received over $23 billion in federal subsidies. But is that really true? A remote northern community has no effective way of generating power other than using a diesel-fuelled generator provided by government. Now: Is that a subsidy to … Read more
See More from ENERGYminute HERE Just as things are starting to get back to normal, a new buzz word has arrived in energy-town called innovation, and it’s settling in for the long haul. Efforts to reduce global carbon emissions have prompted companies to find better ways of doing old tasks, particularly when it comes 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
WASHINGTON — The two sides in the ongoing dispute over the Line 5 pipeline say they expect their mediation efforts to conclude before the end of August.
A court-approved mediator says in court documents he will meet again Aug. 11 with officials from …
By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Wind farm in Nova Scotia. Getty Images photo When the issue of taxpayer subsidies for energy comes up — oil and gas and renewables alike — the public, policymakers and media could be forgiven if they … Read more
LAVAL, Que. — Shares of Alimentation Couche-Tard rose more than five per cent to a record high after upgrades by several analysts following the convenience store retailer’s investor day presentation.
The Quebec-based company’s class-B shares were up C…
From Resource Works – See More Articles Here If one carbon tax kept workers from driving to their jobs, another is driving jobs from workers, Josiah Haynes writes. Not that long ago, as the federal government pushed ahead with plans for a national carbon backstop, one minister of cabinet took it upon himself to give … Read more
Summary Oil demand seen at 99.86 mbpd in 2022, similar to 2019 2021 oil demand growth forecast kept at 5.95 mln bpd OPEC June output rises by 590,000 bpd as cuts eased U.S. shale production seen resuming growth in 2022 LONDON, July 15 (Reuters) – OPEC stuck to its forecast for a strong recovery in … Read more
Reuters A coal-burning power plant can be seen behind a factory in China’s Inner Mongolia Autonomous Region, October 31, 2010. REUTERS/David Gray/File Photo FRANKFURT, July 15 (Reuters) – Global electricity demand is growing faster than renewable energy capacity can be rolled out and will require more power to be generated from the burning of fossil … Read more
Jul 14, 2021 (Bloomberg) Oil demand is almost back, only not quite as we knew it before Covid.With global restrictions meaning fewer holidays, meals out, and services, people are spending more on their home lives. That’s caused a boom in physical goods trades, driving up demand for naphtha to make plastics, and buoyed the use of … Read more
Jul 15, 2021 (Bloomberg) Oil fell for a second day after a surprise jump in U.S. gasoline stockpiles tempered signs that the American market has returned to robust health. Futures in New York slid near $72 a barrel after falling 2.8% on Wednesday, the most since mid-May. American inventories of gasoline and distillates — a category … Read more
Jul 15, 2021 (Bloomberg) Brookfield Infrastructure Partners LP plans to raise its hostile offer for Canada’s Inter Pipeline Ltd. to C$8.6 billion ($6.9 billion) in cash in another push to break up a friendly, all-share takeover by Pembina Pipeline Corp. Brookfield said Thursday in a statement it will now offer investors C$20 in cash, or 0.25 … Read more
July 15, 2021 06:30 ET | Source: Precision Drilling Corporation CALGARY, Alberta, July 15, 2021 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or the “Company”) is pleased to announce several key Environmental, Social and Governance (ESG) accomplishments aligned with our High Performance, High Value strategy and one of our three 2021 strategic priorities to “demonstrate leading … Read more
Not-for-profit championing Indigenous-led multi-modal resource corridors to advance unity, prosperity and sustainability By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Lax Kw’alaams First Nation member Chris Sankey, owner of the Blackfish Group of Companies, and director of the C2C2C Unity Corridor Foundation. Photograph supplied for Canadian … Read more
WHY Learn how Cadeon and TIBCO helped The Calgary Real Estate Board (CREB) create — from all its distributed data sources — one virtual place to go for consistent, secure, and governed data. With its new, agile, TIBCOⓇ Data Virtualization data architecture, The Calgary Real Estate Board (CREB) scaled analytics and data science use cases … Read more
Lift Plus Energy Solutions’ technology directly supports the Environmental aspect of an ESG program. The features and benefits simply make an impactful contribution in reducing GHG emissions and power consumption. Real Results Substantial reduction in GHG emission. via avoided units of carbon dioxide emissions. via significantly reducing SOR and optimizing natural gas consumption. Step change … Read more
July 14, 2021 CALGARY, Alberta, July 14, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from July 14, 2021 to July 30, 2021. The Company’s second lien term loan provider has … Read more
CALGARY — As the lights dimmed and the music started pumping at Calgary’s Home and Away sports bar last weekend, owner James Martin felt something he hadn’t in a long time — hope.
The bar was maybe 60 to 70 per cent full, nothing like the pre-pandemic…
CALGARY, AB, July 13, 2021 /CNW/ – Strathcona Resources Ltd. (“Strathcona“) announced today that it is planning to commence, subject to market and other conditions, a private offering (the “Offering“) under Rule 144A and Regulation S of the U.S. Securities Exchange Act of 1933, as amended (the “U.S. Securities Act“), to eligible purchasers, of U.S.$500 million in aggregate principal amount … Read more
Jul 14, 2021 (Bloomberg) Oil fluctuated as Saudi Arabia and the United Arab Emirates were said to resolve the standoff that has prevented OPEC+ from satisfying a growing clamor for extra barrels.Futures flickered near $75 a barrel in New York, having settled on Tuesday at the highest close since late 2018. The OPEC+ coalition will decide … Read more
General view of one of the world’s largest floating solar panel farms in Singapore, July 13, 2021, in this still image taken from video. REUTERS/Chen Lin SINGAPORE, July 14 (Reuters) – Singapore unveiled on Wednesday one of the world’s largest floating solar panel farms, spanning an area equivalent to 45 football fields and producing enough … Read more
DUBAI/LONDON, July 14 (Reuters) – Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy, an OPEC+ source said on Wednesday, in a move that should unlock a deal to supply more crude to a tight oil market and cool soaring prices. Brent oil prices fell on the news by as … Read more
July 13, 2021 All financial figures are in Canadian dollars CALGARY, Alberta, July 13, 2021 (GLOBE NEWSWIRE) — Continuing more than 25 years of sustainability reporting, Suncor released its 2021 Report on Sustainability and Climate Report today. The reports share the company’s 2020 environmental, social and governance (ESG) performance and highlight key points of progress in early 2021. Earlier … Read more
CALGARY — Calfrac Well Services Ltd. has won another round with Wilks Brothers LLC over its recapitalization plan.
The Calgary-based oilfield services company says the Ontario Securities Commission has dismissed an attempt by Wilks to set aside a deci…
While green, renewable energy sources are most popular, half (51%) support nuclear energy generation July 13, 2021 – As main federal party leaders embark on cross-country tours ahead of an all-but-certain election later this year, they are hoping to campaign at the intersection that marks a sweet spot for voter priority: where climate issues meet the … Read more
Jessica Shumlich, CEO & Co-Founder of Highwood Emissions Management, discusses the value that emissions reductions can bring to a company, voluntary emissions reduction initiatives for responsibly-sourced oil and gas, and attracting investment through publicly-disclosed emissions reporting. Jessica Shumlich: “Emissions data will be important; otherwise, investment dollars will not go to those organizations.” To learn more … Read more
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. As drilling picks up throughout the Western Canadian Sedimentary Basin, a lot … Read more
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At KO Advantage we believe that done is better than perfect. But when it comes to meetings, “winging it” simply doesn’t work. Have you ever gone into a meeting having no idea what you are going to talk about? You’re not alone. A study done by Forrester shows that in meetings 77% of salespeople do … Read more
Detailed research lacking on where green subsidies will come from and how much will be needed to achieve net zero goals By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Aerial view oil factory and solar power station. Getty Images photo Download the PDF here Download the … Read more
Jul 14, 2021 (Bloomberg) The European Union rolled out a climate plan that will transform every corner of its economy — from how people heat their home to the cars they drive — as the bloc uses a massive overhaul of rules to position itself as a global leader on the environment.Every industry will be forced … Read more
TORONTO — Brookfield Infrastructure Partners LP has extended the deadline of its hostile takeover offer for Inter Pipeline Ltd. to Aug. 6.
The offer, which was to expire today, is conditional on Inter Pipeline’s friendly deal to be acquired by Pembina…
Summary U.S. oil mergers hit $33 billion on large number of megadeals Combinations of natural gas drillers account for 20% of value HOUSTON, July 12 (Reuters) – U.S. oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, according to data released on Monday, as rising energy and share … Read more
(Bloomberg) Global oil markets are set to “tighten significantly” unless the OPEC+ alliance resolves its standoff and agrees to increase production, the International Energy Agency warned. Deadlocked by a dispute between Saudi Arabia and the United Arab Emirates, OPEC+ is set to keep output levels unchanged next month even as fuel consumption bounces back from the pandemic … Read more
Jul 13, 2021 (Bloomberg) Oil steadied near $74 a barrel in New York while the International Energy Agency warned that deadlock in OPEC+ may cause global markets to “tighten significantly.”The Paris-based IEA said that crude traders are braced for a “deepening supply deficit” as the dispute between the United Arab Emirates and Saudi Arabia prevents OPEC+ … Read more
July 12, 2021 THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES, FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW CALGARY, Alberta, July 12, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) announced today that it intends to undertake, subject … Read more
CALGARY — Alberta’s securities regulator has said Brookfield Infrastructure Partners LP used “abusive” tactics in its attempt to acquire Calgary-based Inter Pipeline Ltd.
An Alberta Securities Commission panel has sided with Inter Pipeline, which alle…
Shell Canada Ltd. has proposed a plan to build a large-scale carbon capture and storage project at its Scotford Complex near Edmonton.
Carbon capture and storage projects use technology to capture carbon dioxide and store it underground instead of al…
The SAFE-T-WHIP 100 K test bench, located in Grande Prairie, Alberta, has the ability to test many types of slings, including wire rope, lifting slings and rope slings. Please call us with your requirements. 1-780-987-4442 The Safe-T-Whip System Safe-T-Whip is a safety restraint system for pressurized pipe fittings. It is designed to decrease – but not … Read more
REGINA — Saskatchewan Premier Scott Moe says Ottawa has rejected the province’s plan to replace the federal carbon price with one of its own.
Moe announced that the province would submit a plan for approval after the Supreme Court of Canada in March r…
Calgary, Alberta–(Newsfile Corp. – July 12, 2021) – Bonavista Energy Corporation (“Bonavista”) is pleased to announce the appointment of K. Earl Reynolds as President and Chief Executive Officer effective July 15, 2021. Mr. Reynolds has over 37 years of E&P energy experience and more than 25 years of senior management experience within the oil and … Read more
Jul 12, 2021 (Bloomberg) Oil dipped after a two-day gain as investors assessed the demand outlook amid a resurgence of Covid-19 in many regions.Futures in New York fell below $74 a barrel after rising more than 2% on Friday. While the rollout of vaccines and the revival of major economies have helped boost fuel consumption, the spread of … Read more
MOSCOW/LONDON, July 12 (Reuters) – OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said. Russia has been working behind the scenes to bring Riyadh and Abu Dhabi … Read more
Summary Firms eyeing long-term energy transition challenge Investors remain focused on near-term returns Spending could rise next year if oil recovery continues LONDON, July 12 (Reuters) – Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy … Read more
ENERGY INDUSTRY…IT’S TIME TO SADDLE-UP AGAIN! Bring Along Office Staff, Colleagues or Friends EnergyNow invites you to a Calgary Stampede “Happy Hour” or two…or…three with Calgary Born, Nashville Livin’, Recording Artist COLE BRADLEY Get FREE EnergyNow Cole Bradley Tickets HERE When: Friday, July 16, 2021 Where: Wildhorse Saloon Stampede Tent – 500 6th avenue S.W. … Read more
First half nine-well drilling program on production in our Willesden Green Cardium asset Second half drilling program underway with two rigs active in our Cardium asset Strong second quarter 2021 preliminary production Calgary, Alberta–(Newsfile Corp. – July 12, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is … Read more
LAUNCESTON, Australia, July 12 (Reuters) – The rally in spot liquefied natural gas (LNG) prices in recent weeks has been framed as being led by robust demand in Asia and in Europe as the northern hemisphere deals with hotter-than-usual temperatures. Although this certainly has a strong influence on prices, the narrative has downplayed issues surrounding … Read more
How is it even possible? During these unprecedented times, the ability to maintain project efficiency and ongoing team collaboration while regulating costs can single-handedly determine many field services organizations’ longevity. As difficult of a task as that may seem, it is not impossible. With the government providing support and facilitating the environmental services industry within … Read more
The Sur-Flo Control Valve works with all types of processes, whether liquid or gas, sour or sweet, sandy or waxy, there is no application too challenging. With our direct control over manufacturing, design, and materials,Sur-Flo valves are highly customizable. From sizes ranging from 1” to 10”, we will ensure a solution that suits your application. … Read more
With our SCHROEDAHL low pressure valves; the SUL and the TDL properties such as functionality, places of operation, valve specifications and the delimitations to each other, clearly indicate the valve that best meets your needs. The SUL, our evergreen valve in the lower nominal pressure range up to 63 bar with a pressure difference of … Read more
The latest release of AUTOSOL Communication Manager, ACM 8.2 encompasses several new and exciting updates– too numerous to list here. Below are some highlights of what is included in ACM 8.2. A link to the full list of updates can be found at the bottom. New Security Options ACM 8.2 provides security options to control … Read more
Smith Fuel Services is celebrating 45-years of service in the North Peace region of British Columbia. As part of their 45th anniversary, they would like to send out an enormous thank you to the community of Fort St. John and the North Peace based businesses and residence for the many years of steadfast support! Smith Fuel … Read more
Canadian expertise could easily make us leaders, not victims of transitioning global energy systems By Deborah Jaremko on July 9, 2021 Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter SAGD oil sands project in northern Alberta. Photo courtesy Cenovus Energy A column this week by anti-oil and gas activist … Read more
A brief introduction to Alberta’s oilsands – a big part of Alberta’s energy resources heritage.
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 drilling rig count is up 1 active drilling rigs according to data collected by Baker Hughes for the week ending July 9, 2021. From one week ago, Alberta rig counts increased 4 to 88 and the Saskatchewan rig counts decreased 4 to 29. Oil drilling increased 1 to 88 and gas increased 1 to … Read more
Long Chain Reclaim Ltd. (LCR), in association with F4 Environmental Inc., has the developed technology to transform hydrocarbon contaminants into water and a minute amount of carbon dioxide through a 100% environmentally safe process. Our technology has the ability to change the world’s perception of oil related industries by providing a sustainable bioremediation solution for … Read more
CALGARY — Atco Energy Solutions says it will build its first renewable natural gas facility in Alberta.
The facility will be built north of Vegreville, Alta., and should be up and running by late 2022. It will capture methane emissions from manure and…
Reuters The Elevation Resources drilling rig is shown at the Permian Basin drilling site in Andrews County, Texas, U.S. in this photo taken May 16, 2016. REUTERS/Ann Saphir July 9 (Reuters) – U.S. energy firms added oil and natural gas rigs for a second week in a row as oil prices recently rose to their … Read more
July 8 (Reuters) – Japanese state-backed oil producer Japan Petroleum Exploration Co (Japex) (1662.T) is considering a sale among other options for its Hangingston oil sands project in Canada, a company spokesperson said on Friday. Japex is seeking a buyer for its 75% stake in the Hangingstone oil sands facility in Canada, two sources with direct … Read more
Reuters French Economy and Finance Minister Bruno Le Maire attends a news conference for the launching of the 2020 income tax campaign at the Bercy Finance Ministry in Paris, France, April 8, 2021. REUTERS/Sarah Meyssonnier/File Photo VENICE, July 9 (Reuters) – French Finance Minister Bruno Le Maire called on Friday at a meeting with his … Read more
Jul 8, 2021 (Bloomberg) The most ambitious attempt to set a high standard for carbon offsets is getting left behind as exchanges start trading contracts before the rules are finalized.The Taskforce on Scaling Voluntary Carbon Markets, launched by former Bank of England Governor Mark Carney and Standard Chartered Chief Executive Officer Bill Winters, is populated by hundreds of … Read more
Jul 8, 2021 (Bloomberg) It will cost about C$75 billion (US$60 billion) to zero out greenhouse gases from oil sands operations by 2050, with a good deal of the costs borne by taxpayers and many loose ends yet to be tied up, according to two of the Canadian industry’s top CEOs.To achieve the goal announced last … Read more
Jul 9, 2021 (Bloomberg) Oil prices continued to swirl as traders tried to fathom how the clash inside the OPEC+ alliance will play out in global markets.Early in the week, U.S. crude soared to a six-year high near $77 a barrel on fears that OPEC’s failure to agree a production increase would leave markets desperately tight. … Read more
VANCOUVER — The British Columbia government is being urged not to appeal a landmark court ruling halting new industrial development that doesn’t first have the approval of a First Nation whose territory has long been the focus of resource development….
NEW YORK, July 8 (Reuters) – North Dakota is suing the U.S. government on claims the Department of the Interior and the Bureau of Land Management illegally canceled oil and gas lease auctions in the state. The complaint, filed late Wednesday with the United States District Court for the District of North Dakota Western Division, … Read more
OTTAWA — The co-chair of an expert panel designed to advise Canada on how to reach net-zero emissions says it is exploring the idea of creating budgets for greenhouse gas emissions.
Dan Wicklum says the net-zero advisory body authored a report summari…
Summary Emissions showed biggest fall in over 75 years Energy demand fell 4.5% in 2020, oil demand down 9.3% BP says changes in 2020 likely to prove transitory World needs “tangible” action to hit climate goals LONDON, July 8 (Reuters) – Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered … Read more
Jul 8, 2021 (Bloomberg) Oil pared declines as the dollar dropped while concerns over a surge of the delta coronavirus variant and a dispute at the heart of OPEC kept traders worried about the market.West Texas Intermediate futures lost 0.2%. The renewed spread of the virus is bringing on anxiety about global growth, driving equities lower … Read more
July 07, 2021 17:16 ET | Source: Parex Resources Inc. CALGARY, Alberta, July 07, 2021 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is a company headquartered in Calgary that focuses on sustainable, profitable, and conventional oil and gas production. All amounts herein are in United States dollars (“USD”) unless otherwise stated. Strategic Partnership … Read more
RIVER DIVERSION | CREEK BYPASS Temporary diversion methods such as river diversion or creek bypass are used to redirect water from a stream or river and focus the flow to a designated portion of the river or creek to allow for construction activities to take place in a specific section of the water body. This … Read more
Our unique solution creates a connection between producers, mid-streamers, service providers, and labs to share schedules and data. Data is recorded directly in your Muddy Boots application. You’re in control of the access you allow. You decide who. You decide where. You decide what. Here are a few ways our clients are utilizing Muddy Boots … Read more
Community leader with rich history on the land leveraging industry awareness to bring new approach By Brittany Elves Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Justin Bourque pictured on his trap line with the Long Lake facility in the background. Photo for Canadian Energy Centre Justin Bourque started … Read more
Reuters MEXICO CITY/WASHINGTON, July 7 (Reuters) – Trade ministers from the United States and Canada expressed concern on Wednesday about Mexico’s energy policies, as they met with their Mexican counterpart to mark the one-year anniversary of a regional trade pact. U.S. Trade Representative (USTR) Katherine Tai told reporters during a joint news conference that the … Read more
See More from ENERGYminute HERE by Michelle Heath and Aaron Foyer The critical metals in most batteries include: Lithium, graphite, cobalt, nickel and manganese. (Could we show their periodic symbol The lithium-ion battery (LIB) is expected to dominate the supply of rechargeable Electric Vehicle batteries in the near future. The smallest component of the lithium-ion battery is the … Read more
LONDON, July 6 (Reuters) – OPEC+ brinkmanship has taken oil prices towards $80 a barrel, the highest since 2018, threatening to upend central banks’ transitory inflation narrative as well as the post-pandemic economic recovery. Last year’s Saudi-Russian oil war showed that disputes between OPEC+ members do not always result in higher prices, but this week’s … Read more
July 7, 2021 NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESSWIRE / July 7, 2021 / ROK Resources Inc. (“ROK” or the “Company”) (TSXV:ROK) As per previous press releases, ROK has completed a series of acquisitions including the acquisition of producing assets in the Glen … Read more
When it comes to selecting a new hydraulic cylinder, you generally have two options: off-the-shelf cylinders or custom manufactured cylinders. While both options have their place, design requirements and application will greatly influence your decision. Which type is better for your application? In this article we’ll explore the advantages and disadvantages of each option. Off … Read more
Analysts say Canadian companies ahead of the curve on improving ESG performance By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A steam assisted gravity drainage well pad in northeastern Alberta. Photograph courtesy Cenovus Energy Canada has an unparalleled position to supply “friendly oil” to a world … Read more
Jul 7, 2021 (Bloomberg) Royal Dutch Shell Plc promised to make further amends with investors for last year’s historic dividend cut by boosting returns.The pledge, which comes as the company will also keep paying down debt, shows how the oil and gas industry is getting stronger thanks to a recovery in energy demand and rising prices. … Read more
Jul 7, 2021 (Bloomberg) Oil rose in New York, recouping some of the previous day’s losses, as prices remain volatile while an impasse prevents OPEC+ from boosting output.West Texas Intermediate futures have been whipsawed as a dispute between Saudi Arabia and the United Arab Emirates stymies OPEC+ plans to revive halted supplies. The grade hit a six-year high … 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. M&A announcements continue to dominate the headlines in the oil and gas industry. … Read more
ROTO-BOSS™ MULTI-PORT ORIFICE METER RUN The safest, most user-friendly meter run on the market. At Sur-Flo Meters and Controls Ltd, we work with our clients to ensure a win-win outcome, as we work towards adding value through tried-and-true solutions. We certainly look forward to continuing to work with this End User, as well as others who … Read more
DOWNLOAD PDF VERSION HERE Q Test’s Special Inspection Program is accredited by the Standards Council of Canada and is in accordance with SPE-1000 and ISO 17020 to ensure safety and code compliance on various electrical products. The Canadian Electrical Code mandates that all electrical equipment that is manufactured or imported into Canada must be evaluated … Read more
Mark Kirby, President & CEO of the Canadian Hydrogen Fuel Cell Association, discusses achieving net-zero with clean hydrogen, commercializing hydrogen and fuel cell technologies, and the steps Canada needs to become a space leader. Mark Kirby: “Hydrogen is moving forward. It really now is up to Canada as to whether it wants to move forward … Read more
By Geoffrey Cann Yet another more aggressive target for ending the sale of new petroleum vehicles was announced last week. What are the implications for companies merchandising in petroleum? Climate Pressures I cycle in the mountains on the wet Coast for fun, and the conditions here are very dry. My personal data about dryness is pretty simple—on … Read more
Much of the taxpayer money that has funded oil well cleanup in Alberta may have simply replaced money that energy companies would have spent anyway, according to a new analysis.
That means the public is likely paying for private companies’ pollution, …
Saturn commences development drilling and workover program in SE Saskatchewan Kevin Smith joins the leadership team as Vice President Corporate Development Special warrants have converted to free trading common shares and share purchase warrants The board of directors has approved the grant of 3.5 million incentive stock options Calgary, Alberta–(Newsfile Corp. – July 6, 2021) … Read more
Jul 6, 2021 (Bloomberg) OPEC+ infighting has deprived the oil market of extra supply and sent crude surging to a six-year high in New York.It’s too early to tell whether the breakdown of the cartel’s meeting on Monday could escalate into a conflict between Saudi Arabia and the United Arab Emirates as bitter and destructive as last year’s … Read more
Jul 6, 2021 (Bloomberg) The buyout industry has long been a major backer of fossil-fuel deals. Now it’s rolling out new green asset funds at a record clip in a bid to lure the institutional money flocking to climate-friendly investments.Today’s private equity shops—including the world’s largest alternative asset manager, Blackstone Group Inc.—are pouring capital into fast-growing … Read more
Jul 6, 2021 (Bloomberg) Indonesia is proposing a carbon tax of about $5 per ton of emissions in a bid to raise state revenues and meet climate goals. That’s less than a tenth of the current price of carbon permits in the European Union’s Emissions Trading System. And yet it has faced criticism from industry that it will slow down … Read more
(Bloomberg) Oil jumped to the highest in more than six years after a bitter fight between Saudi Arabia and the United Arab Emirates plunged OPEC+ into crisis and blocked a supply increase.West Texas Intermediate crude advanced to $76.98 a barrel, the highest since November 2014, as the breakdown in talks left the market without the extra … Read more
July 06, 2021 CALGARY, Alberta, July 06, 2021 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, “our”, or “the Company”) (TSX:PKI) is pleased to announce it has entered into an agreement to acquire Pétroles Crevier Inc. (“Crevier”) (a subsidiary of Crevier Group), which is a well-established retail and wholesale business based in Montreal, Canada. This is … Read more
July 06, 2021 CALGARY, Alberta, July 06, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to provide an operations update. InPlay’s average production in the second quarter of 2021 is forecast to be approximately 5,325 boe/d(1) (70% light oil & NGLs) based on field estimates, representing a … Read more
MONTREAL — The Crevier Group has signed a deal to sell its Pétroles Crevier fuel division to Parkland Corp.
Financial terms of the deal were not immediately available.
The agreement covers 174 service stations including 138 retailer-owners and 36 corp…
Did you know, your procrastination could cost you more than security would? The price tag for indecision, is very costly, yet many remain complacent when it comes to security. Over the past 21 years, working in the IT security sector, I have heard every excuse in the book about the reasons why security budgets … Read more
Calgary, Alberta–(Newsfile Corp. – July 5, 2021) – Storm Resources Ltd. (TSX: SRX) (“Storm” or the “Company”) has become aware of a Judgement in the Supreme Court of British Columbia on June 29, 2021 with respect to a claim brought by the Blueberry River First Nation against the province of British Columbia regarding the cumulative effects of industrial development having … Read more
(Bloomberg) The solar industry has spent decades slashing the cost of generating electricity direct from the sun. Now it’s focusing on making panels even more powerful.With savings in equipment manufacturing hitting a plateau, and more recently pressured by rising prices of raw materials, producers are stepping up work on advances in technology — building better components … Read more
(Bloomberg) The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic. The United Arab Emirates, the group’s fourth-biggest producer, argued against a deal proposed by Saudi Arabia and Russia to extend quota limits until the end of next year, rather than ending them in April as … Read more
Jul 5, 2021 (Bloomberg) The breakdown of OPEC+’s meeting on production levels has left the oil market in limbo. The immediate consequence is that an expected increase in output in August now likely won’t happen, leaving the world short of barrels as the economic recovery gathers pace.The lack of unity within the alliance has also raised the specter of a … Read more
Article 2 of 6 by Deidra Garyk Read Article 1 Here: – What is ESG? The world has aligned on the Environmental, Social and Governance (ESG) movement that has taken hold of the financial sector, giving the Canadian oil and gas industry an opportunity to showcase its achievements. ESG ratings can help investors choose what … Read more
CALGARY — The Alberta government is taking 50 per cent ownership of the controversial Sturgeon Refinery by paying $825 million to reduce tolling costs at the facility northeast of Edmonton.
The province has signed a restructuring deal that also extend…
Inter Pipeline Files Joint Information Circular In Support of Strategic Combination with Pembina NEWS PROVIDED BY Inter Pipeline Ltd. Jul 05, 2021 CALGARY, AB, July 5, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) today announced that it has filed a joint information circular (the “Joint Circular”) and related materials for its virtual-only … Read more
LONDON, July 5 (Reuters) – A rebound in global gas demand to 2024 following a record fall last year is poised to knock the world off track for a climate goal of achieving net zero emissions by 2050, the International Energy Agency (IEA) said on Monday. More than 190 countries have signed the Paris agreement … Read more
Over the past year, more companies have ramped up their productions of EVs. Can you guess which country had the biggest jump? (Hint: it’s not the U.S. or China.) by Michelle Heath and Aaron Foyer See More from ENERGYminute HERE Electric Vehicle Manufacturing Series: 2020 | 2019 Jul 1st 2021 | EV, Tech, Transportation In 2020, 58% of all the plug-in car sales … Read more
Jul 5, 2021 (Bloomberg) Oil held steady as tensions between Saudi Arabia and the UAE escalated over the weekend, leaving the market with few clues about how supply talks will proceed on Monday after discussions reached an impasse last week.The Saudis are standing firm about raising output starting next month and extending the scope of the OPEC+ agreement … Read more
Jul 5, 2021 (Bloomberg) Just hours before the resumption of talks, OPEC+ still hadn’t resolved the increasingly bitter split between Saudi Arabia and the United Arab Emirates that’s blocking an oil-output deal. The dispute leaves the global economy stranded in uncertainty — with little indication of whether the cartel will pump more crude to ease an … Read more
July 05, 2021 NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, July 05, 2021 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced that Rob Dargewitcz has resigned as Chief Financial Officer (“CFO”) of the Company, effective July 30, 2021, to pursue other opportunities. The … Read more
How many HOURS does it take your business to RECONCILE truck tickets at the end of each month… does it amount to DAYS? With about 1400 tickets a month, it can take 2-3 business days to confirm data. That’s not including the ADDITIONAL hours for recovery of missing or lost tickets if they are EVER … Read more
Arolytics is a software and expert services company that specializes in emissions management, ESG performance, and regulatory compliance for the energy sector. We are motivated to help the oil and gas industry adopt the most effective and efficient emissions management strategies. Our solutions include: AROfemp – A methane modeling tool to evaluate, design, and support … Read more
Oura™ is Precise Downhole Solutions’ intelligent electric gas lift valve that provides highly accurate real-time data of pressure and temperature in the tubing and annulus of your well at every valve location. The Oura uses gas with zero pressure loss as compared with legacy nitrogen charged bellows-style valves, bringing immediate efficiency to your wellbore. The … Read more
Incorporated in 1990, Viking Instrument & Control Ltd. is a well established and respected provider of instrumentation and process control products for the Ontario and Alberta market. We service a wide range of industries including petrochemical refineries, analytical applications, emission monitoring, utilities, power generation, water and wastewater, manufacturing, and OEMs. Viking represents and specializes in … Read more
A Retrofitted Project Provides an Efficient and Cost Saving Solution. In May of 2021, a long-term client contacted the Sky Eye team to retrofit an LPG transloader that was previously in operation during 2015. Our client asked Sky Eye to retrofit the original transloader, previously operating in Texas, for current operations in Western Canada. This … Read more
Wearable connected technology has become commonplace in our personal lives from tracking our Uber’s location on our phone to checking the monitor on our wrists for our heart rate – and it’s changing industrial safety protocols as well. Environmental Health and Safety (EHS) is also going through an evolution in incident detection, avoidance, reporting, and … Read more
CALGARY — TC Energy says it will seek more than US$15 billion from the U.S. government in the wake of President Joe Biden’s cancellation of the Keystone XL pipeline’s damage permit.
The Calgary-based company says it launched a claim under the legacy r…
Canada’s drilling rig count is up 10 active drilling rigs according to data collected by Baker Hughes for the week ending July 2, 2021. From one week ago, Alberta rig counts increased 8 to 84 and the Saskatchewan rig counts increased 2 to 33. Oil drilling increased 5 to 87 and gas increased 3 to … Read more
Jul 2, 2021 (Bloomberg) Oil posted its sixth straight weekly gain, the longest winning streak since December, as the standoff between OPEC+ ministers over output extended negotiations to Monday. Futures in New York rose 1.5% this week. Friday’s meeting ended without a deal, with the United Arab Emirates still blocking a proposal to increase supply, delegates said. The … Read more
Jul 3, 2021 (Bloomberg) OPEC and its allies abandoned oil-supply negotiations until Monday as a rebellion by a key member threatened the unity of the alliance.Talks ended without a deal to increase output after the United Arab Emirates doubled down on demands for better terms. The impasse — which had already pushed discussions into a second … Read more
July 02, 2021 LNG Project Fundamentals Remain Strong NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, July 02, 2021 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today released the following statement from Chief Executive Officer Alfred Sorensen with respect to a future path for the Company’s … Read more
July 02, 2021 CALGARY, Alberta, July 02, 2021 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today it has filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting … Read more
A gas price analyst said fuel prices hit an all-time high in Vancouver Friday and have risen dramatically across the country, with further increases expected down the road.
Dan McTeague, president of Canadians for Affordable Energy, said average gas p…
CALGARY, AB, July 2, 2021 – SECURE Energy Services Inc. (“SECURE”) (TSX: SES) and Tervita Corporation (“Tervita”) (TSX: TEV) are pleased to announce closing of the merger of the two companies. John Cooper, former President and Chief Executive Officer of Tervita Corporation, stated, “We are delighted to complete the merger with … Read more
Analysts say Canada well positioned to meet ongoing demand as global ESG leader By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Pipelines at an oil sands drilling project in northern Alberta. Photo courtesy Alberta Energy Regulator After quickly rebounding from the greatest shock in oil market … Read more
Reuters LONDON, July 2 (Reuters) – OPEC+ agreed on Friday to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer, even though the United Arab Emirates still opposed the extension, an OPEC+ source said. All OPEC+ deals require unanimous approval. The rare … Read more
A drilling crew member raises drill pipe onto the drilling rig floor on an oil rig in the Permian Basin near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford July 2 (Reuters) – U.S. energy firms added oil and natural gas rigs for a third time in four weeks as oil prices rose to their … Read more
The first round against Ottawa’s censorship bill (Bill C-10) is a victory, but now’s the time to get ready for the next round. Bill C-10 would pave the way for unelected bureaucrats to scrutinize and censor your online content, including social media posts. Thanks to supporters like you, it looks like we’ve won round one … Read more
July 02, 2021 LNG Project Fundamentals Remain Strong NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, July 02, 2021 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today released the following statement from Chief Executive Officer Alfred Sorensen with respect to a future path for the Company’s … 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
Tuesday July 13, 2021 | 2:00pm – 3:00pm CDT Navigating Net Zero for the Energy Sector Presented by Bill Whitelaw, Managing Director of geoLOGIC systems ltd. and JWN Energy In the growing climate change movement, “net zero” has become the new buzz-phrase. Net zero and carbon neutral commitments are on the rise in 2021, with … Read more
Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford/File Photo NEW YORK, July 1 (Reuters) – Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals … Read more
By Mario Toneguzzi Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Cassio Lima immigrated to Canada from Brazil with his young family, attended SAIT and now works for oilfield supplier Magnum Cementing. (In back l-r: Cassio’s wife Elaine, daughter Sophia. Front: daughter Helena, Cassio Lima, son Gus). Photo … Read more
Jul 2, 2021 (Bloomberg) Oil held overnight gains after infighting within OPEC+ delayed a much-anticipated decision on raising output levels, risking an inflationary spike in prices if the group can’t come to an agreement.Futures in New York traded above $75 after jumping 2.4% Thursday. The alliance was forced to postpone a decision on output after the … Read more
A technician unpacks a completely burned Lithium-ion car battery before its dismantling by the German recycling firm Accurec in Krefeld, Germany, November 16, 2017. REUTERS/Wolfgang Rattay Summary Robots could be used to speed up material separation Cost savings of 60% possible U.S., UK scientists focus on different technologies LONDON, July 1 (Reuters) – Researchers in … Read more
Jul 2, 2021 (Bloomberg) OPEC+ allies were locked in a tense diplomatic standoff on Friday after a dispute that threatens to block measures to ease the surge in oil prices.As of early afternoon in London, the group had failed to find a way out of the impasse, delegates said. If the negotiations fail, the world … Read more
Jun 30, 2021 (Bloomberg) Canada’s main stock exchange scored its best first half since the financial crisis of more than a decade ago, helped by investors piling into value and cyclical equities as the economy revives.The S&P/TSX Composite index climbed about 16% so far this year, outpacing the S&P 500 and MSCI World Indexes. The benchmark … Read more
Immigrant wages in oil and gas extraction are 71% higher than in manufacturing By Mark Milke and Ven Venkatachalam Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Trans Mountain Corporation A few years back, one of us (Mark) took an early morning taxi ride in Vancouver. The driver, originally from Latin America, … Read more
Jul 1, 2021 (Bloomberg) Even by the standards of the chief executive of America’s biggest bank, March 31 looked like it was going to be a very busy day.Jamie Dimon’s office calendar was chock-full of invitations for that overcast New York Wednesday, with more than 1,000 unsolicited meetings all scheduled to cover the same topic: JPMorgan … Read more
Summary Russia and Saudi Arabia reach preliminary deal, sources say OPEC+ to add less than 0.5 mln bpd a month Aug-Dec, source says Oil prices climb close to 2-1/2 year highs LONDON/DUBAI/MOSCOW, July 1 (Reuters) – OPEC+ is moving towards adding about 2 million barrels per day (bpd) to the oil market from August to … Read more
Jul 1, 2021 (Bloomberg) Oil rose above $75 a barrel in New York with OPEC+ adding limited supplies to the market in the coming months. Crude futures added more than 3% to trade at the highest since 2018. OPEC+’s de facto leaders, Saudi Arabia and Russia, have a tentative agreement to increase output gradually, but are … Read more
Jul 1, 2021 (Bloomberg) OPEC and its allies head into discussions on whether to satisfy the clamor for more oil, a decision that could have profound implications for global inflation.A familiar dynamic has emerged in the cartel in the lead-up to Thursday’s decision about output policy for August and beyond. On one side, Russia and Kazakhstan proposed … Read more
June 30, 2021 CALGARY, Alberta, June 30, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its senior revolving credit facility agreement from June 30, 2021 to July 14, 2021. Petrus has been advised that effective June 15, … Read more
June 30, 2021 CALGARY, Alberta, June 30, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that the annual renewal of its syndicated Senior Credit Facility by its lenders has been completed on a fully conforming basis. InPlay’s Senior Credit Facility has been reconfirmed at … Read more
June 30, 2021 NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, Alberta, June 30, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company“) (TSXV: RZE) is announcing that it will be … Read more
CALGARY, Alberta, June 30 (Reuters) – Canada’s Alberta province ended the 2020-21 fiscal year with a deficit of C$17 billion ($13.7 billion), nearly C$10 billion higher than forecast in its budget, due to the COVID-19 pandemic and oil price collapse, the government said on Wednesday. The deficit for the fiscal year ended March 31 was C$4.8 billion … Read more
By David Yager The opponents of oil have done everything they can think of to precipitate the permanent decline of this essential industry. It isn’t working very well, at least not yet. While the critics of fossil fuels have had some success in western countries at reducing market access and supply, on a global basis … Read more
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