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Couche-Tard beats expectations even as Q1 profit slips on 40 per cent revenue boost

LAVAL, Que. — Alimentation Couche-Tard Inc. beat expectations even though its net profit slipped in the first quarter of its fiscal year despite a 40 per cent increase in revenues.
The Quebec-based convenience store retailer earned US$764.4 million or…

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Hillcrest Energy Technologies expands executive team

Jamie Hogue, COO and Raj Claire, CFO Tapped to Help Drive Organizational Performance as Commercialization /Proof of Concept Testing Efforts Heat Up VANCOUVER, B.C. – TheNewswire – August 31, 2021 – Hillcrest Energy Technologies (CNSX:HEAT.CN) (OTC:HLRTF) (FRA:7HIA.F) (“Hillcrest” or the “Company”), a clean tech innovation and e-mobility development company, today announced the additions of Jamie … Read more

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Oil Heads for Biggest Monthly Loss This Year Before OPEC+ Meets

Aug 31, 2021 (Bloomberg) Oil headed for the biggest monthly loss since October as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida.West Texas Intermediate fell 0.9% in New York and is down about 7% this month. While Gulf of Mexico crude producers are expected … Read more

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OPEC+ Sees 2021 Oil Deficit, 2022 Surplus as Supply Revived

OPEC+ With Russia

Aug 31, 2021 (Bloomberg) OPEC and its allies expect global oil markets will continue to tighten this year even as they revive output, but then flip into surplus again in 2022.The data  — to be presented to the group’s Joint Technical Committee on Tuesday — ought to reassure the Organization of Petroleum Exporting Countries and its … Read more

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China’s oil demand recovers as COVID impact eases, more quotas eyed

A gas injection site of Xiangguosi underground gas storage run by PetroChina is seen in Chongqing, China March 18, 2018. REUTERS/Chen Aizhu

A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee SINGAPORE/LONDON/HOUSTON, Aug 31 (Reuters) – China’s demand for spot crude appears to be recovering after nearly five months of slower purchases caused by a shortage of import quotas, drawdowns from high inventories and COVID-19 lockdowns that muted Chinese … Read more

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Floods, outages stall U.S. oil firms’ efforts to restart after Ida

HOUSTON, Aug 31 (Reuters) – Widespread flooding from Hurricane Ida and power outages slowed efforts on Tuesday by energy firms to assess damages at oil production facilities, ports and refineries. Nearly all of Louisiana lost electrical power on Monday after one of the most powerful hurricanes to hit the region downed transmission lines and flooded … Read more

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Kiwetinohk Resources Corp. and Distinction Energy Corp. Shareholders Approve of Plan of Arrangement

August 30, 2021 CALGARY, Alberta, Aug. 30, 2021 (GLOBE NEWSWIRE) — Kiwetinohk Resources Corp. (“Kiwetinohk“) and Distinction Energy Corp. (“Distinction”) are pleased to announce that the shareholders of each company have voted in favour of the previously announced plan of arrangement (the “Arrangement”) under section 192 of the Canada Business Corporations Act (the “CBCA”) to create a … Read more

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Imperial Helium Completes Drilling of the Second Well in the Steveville Project

Imperial Helium

August 31, 2021  CALGARY, Alberta, Aug. 31, 2021 (GLOBE NEWSWIRE) — Imperial Helium Corp. (“Imperial Helium” or the “Company“) (TSX-V: IHC) is pleased to announce it has successfully drilled, logged, and cased its second well, IHC-Steveville-2 (103/10-22-020-12W4), on its historic Steveville Helium asset, in South Eastern Alberta. The Company will commence completion and production testing of IHC-Steveville-2 … Read more

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Saturn Oil & Gas Inc. Reports Transformational Q2 2021 Results Following the Close of the Oxbow Acquisition

Calgary, Alberta–(Newsfile Corp. – August 31, 2021) – Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) (“Saturn” or the “Company”) is pleased to report its financial and operating results for the three and six months ended June 30, 2021. John Jeffrey, Chief Executive of Saturn, commented: “We are proud to a report a historic … Read more

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Enbridge Oil-Sands Pipeline Moves Step Closer After Court Ruling

Aug 30, 2021 (Bloomberg) Enbridge Inc.’s Line 3 oil pipeline, expected to be the first new cross-border oil-sands conduit built between Canada and the U.S. in years, received a boost after a Minnesota appeals court rejected a challenge to a water permit.The ruling removes one more hurdle to completion of the 760,000-barrel-a-day pipe that will expand … Read more

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Trudeau’s Troubles: Loss of traditional support among women boosts O’Toole; CPC lead Liberals in vote intent

Trudeau now the most unfavourably viewed major party leader in the country August 30, 2021 – Are Justin Trudeau’s days of enjoying unmatched political rock god status well and truly over? The party leader whose personal appeal and political momentum spurred a third-place-to-majority victory for the Liberals in 2015 now finds himself in a place far from the … Read more

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Canada Pushes to Build 2 New Carbon Capture Hubs

WINNIPEG, Manitoba/CALGARY, Alberta, Aug 30 (Reuters) – Canada is pushing to provide incentives for at least two new massive carbon capture projects by 2030, a federal government document showed, with nearly a dozen oil and gas companies already pursuing rights to store carbon dioxide in Alberta’s vast underground caverns. The hubs to collect carbon from … Read more

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Clearview Resources Ltd. Reports Second Quarter 2021 Results

CALGARY, AB, Aug. 30, 2021 /CNW/ – Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to announce its financial and operational results for the three and six months ended June 30, 2021. “The sustained strength in commodity prices combined with production growth resulted in the Company’s financial position continuing to improve”, commented Tony Angelidis, President and CEO of Clearview. “This ongoing progress in the … Read more

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Tourmaline and Topaz Announce $108 Million Bought Deal Secondary Offering of Topaz Common Shares

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, Aug. 30, 2021 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Selling Shareholder“) and Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company“) announced today that they have entered into an agreement with Peters & Co. Limited (the “Lead Underwriter“), on behalf … Read more

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

Calgary, Alberta–(Newsfile Corp. – August 30, 2021) – Cuda Oil and Gas Inc. (TSXV: CUDA) (“Cuda” or the “Company“) announces its financial and operating results for the three and six months ended June 30, 2021. Cuda’s unaudited interim condensed consolidated financial statements and related management’s discussion and analysis (“MD&A“) as at and for the periods … Read more

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Enerplus Announces Sale of Non-Strategic Interests in the Williston Basin

CALGARY, AB, Aug. 30, 2021 /CNW/ – Enerplus Corporation (“Enerplus” or the “Company”) (TSX: ERF) (NYSE: ERF) today announced that it has entered into a definitive agreement to sell its interests in the Sleeping Giant field (Montana) and Russian Creek area (North Dakota) in the Williston Basin (the “Interests”) for total consideration of US$115 million. In addition, Enerplus will receive up … Read more

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Altura Energy Inc. Announces Proposed Private Placement, Name Change to Tenaz Energy Corp., New Management Team and New Board

/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./ CALGARY, Alberta, Aug. 30, 2021 (GLOBE NEWSWIRE) — Altura Energy Inc. (“Altura” or the “Company”) (ATU: TSXV) is pleased to announce it has entered into a definitive reorganization and investment agreement (the “Investment Agreement”) which provides for, among other things: (i) the appointment of a new management … Read more

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World Oil: Gasoline Jumps and Oil Falls as Ida Landfall Seen Sparing Rigs

Aug 30, 2021 (Bloomberg) U.S. gasoline futures jumped after Hurricane Ida barreled ashore in Louisiana, disrupting processing facilities. Oil reversed early gains as local rigs may have escaped significant damage and the OPEC+ producers’ cartel is expected on Wednesday to endorse a supply increase.Gasoline for October spiked more than 4% in New York before paring its … Read more

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Petrus Resources Announces Transformative Transactions to Reduce Debt and Position Company for Renewed Growth

Transaction Includes a Senior Credit Facility Extension, Second Lien Debt Settlement and Equity Financing, Reducing Total Debt by $49 Million Through the Issuance of $26 Million in Equity NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED … Read more

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Razor Energy Corp. Announces Second Quarter 2021 Results

August 27, 2021  CALGARY, Alberta, Aug. 27, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its second quarter 2021 financial and operating results. Selected financial, operational and reserves information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion … Read more

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Practical Hazard Assessments – Intrepid Group

Intrepid Group Feature Logo 400x270

Everyone has heard of major industrial accidents. If you’re one of the lucky majority, these accidents seem to happen far away to people we don’t know. In our desensitized world where bad things are on the news every day, thinking of these industrial accidents can seem a bit mind numbing.  However, as engineering professionals we … Read more

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LightningPLUS Composite Plug overcomes casing deformation issues to simplify installation and deliver successful stimulation

In plug-and-perf operations, it is imperative that the frac plug reaches the desired depth, firmly sets and holds pressure without moving downhole during or after stimulation. The LightningPLUS™ Composite Plug with a reduced OD was developed while working with an operator in the Upper Montney formation of British Columbia out of necessity for a plug … Read more

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INDUSTRY PANEL: Oil Sands Companies’ Technologies Targeting Net Zero Emissions, Presented By Emissions Reduction Alberta

OST19 Oil Sands Conference Trade Show

INDUSTRY PANEL UPDATE: Emissions Reduction Alberta (ERA) is hosting a special industry panel ‘Oil Sands Companies’ Technologies Targeting Net Zero Emissions, Presented Emissions Reduction Alberta’. Join Steve MacDonald, CEO, Emissions Reduction Alberta (ERA), Joy Romero, VP Technology & Innovation, Canadian Natural Resources Limited (CNRL), Wes Jickling, Chief Executive, Canada’s Oil Sands Innovation Alliance (COSIA) and Alan Reid, EVP, Stakeholder Engagement & Member of Oil … Read more

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Stress Engineering: Failure Analysis – Fundamentals of Failure Analysis and the Do’s and Don’ts of sample preparation.

Stress Engineering Feature Logo 400x270

By Sudhakar Mahajanam, Associate II, Stress Engineering Services, Inc. At Stress Engineering Services Failure analysis is a critical engineering discipline, with the primary goal being to identify why a metallic component failed, and to develop enough information to prevent the recurrence of similar failures.1 It is often likened to autopsies in the medical field. Four … Read more

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Optimize Project Closeout: Improve Data Handover Using Automation & Artificial Intelligence

Shinydocs Feature Logo 400x270

Challenge: Decades of data-intensive operations have resulted in stockpiles of documents. Terabytes of data is aging in boxes in off-site storage or on the USB drives and laptops of employees. Even more data is trapped in long-forgotten emails, or worse yet the inboxes of now-retired employees. Data sprawl can lead to potential financial, regulatory, and … Read more

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Optical and Open Path Gas Detector Application – Floating Roof Tanks Industry

Westech Logo

Application Description: Flammable and combustible liquid storage tanks are found in industrial facilities such as refineries, petrochemical facilities, bulk storage plants, and marine terminals. Power plants, airports, local fuel companies, and large manufacturing facilities such as automotive and steel plants may also have bulk storage of flammable and combustible liquids. Atmospheric storage tanks are used … Read more

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Meet Current SCM – Project-Based Procurement Software

current-social

By Vista Projects Current SCM is a first of its kind. A project-based procurement and materials management software built by procurement professionals for sophisticated 3rd party procurement teams. Now you may be thinking… that didn’t already exist? No, it didn’t. Sure, there is no shortage of procurement software and enterprise resource planning (ERP) systems. But … Read more

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Canada Weekly Rig Count Down 9 for Week Ending August 27, 2021

Canada’s drilling rig count is down 9 active drilling rigs according to data collected by Baker Hughes for the week ending August 27, 2021. From one week ago, Alberta rig counts decreased 5 to 99 and the Saskatchewan rig counts decreased 5 to 24. Oil drilling decreased 10 to 85 and gas increased 2 to … Read more

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ICBA Energy Member Feature – Service on Site

ICBA Energy Logo

Service on Site in Fort St. John has been providing solutions for pumps and compression repair, services, rentals, and products in Northern British Columbia since 1997. President and co-owner Chris Babcock (with wife Laura Babcock) founded the company in 1997 when his employers chose to divest themselves from field work, which, at the time was … Read more

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Trudeau’s Election Gamble Is Suddenly Reverberating in C-Suites

Aug 28, 2021 (Bloomberg) Canada’s top executives have been abruptly dragged into what had been a sleepy summer election campaign that was barely on their radar two weeks ago.Companies from real-estate investment funds to banks and telecommunications firms have been caught in the crosshairs of politicians — from all parties — with the policy debate over … Read more

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OPEC+ likely to keep oil output policy from September unchanged, sources say

DUBAI/LONDON, Aug 30 (Reuters) – OPEC+ is likely to keep its oil output policy unchanged when the group meets on Wednesday and continue with its planned modest production increase, three OPEC+ sources told Reuters. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, will meet on Sept. 1 … Read more

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Top CEOs urge diversification as Alberta grapples to find its place in changing world

CALGARY — Susannah Pierce’s children aren’t interested in following in her footsteps.
The president of Shell Canada Ltd., one of Canada’s largest integrated oil companies, heads up a workforce of 3,500 Canadian employees, earned public recognition as …

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Hurricane Ida slams critical U.S. oil port as it makes landfall at Port Fourchon

Aug 29 (Reuters) – Hurricane Ida made landfall on Sunday as a Category 4 storm at Port Fourchon, Louisiana, lashing critical U.S. oil infrastructure with winds up to 150 miles per hour (240 km per hour). The Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal in the United States, paused deliveries ahead … Read more

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Better Batteries on the Horizon – ENERGYminute

The globally forecasted $300 billion market for lithium-ion batteries by 2030 won’t run on Energizer batteries alone. Largely driven by the transportation market, the demand for lithium-ion batteries continues to increase. This growth means more battery materials and raw material processing is needed, and Canada intends to get a foot in the door of this competitive arena. … Read more

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‘Extremely dangerous’ Hurricane Ida knocks out more oil than Katrina

Summary Energy firms cut 1.6 million barrels, 59% of Gulf of Mexico oil Workers flee 90 offshore facilities; refiners cut production HOUSTON, Aug 27 (Reuters) – U.S. oil and gas companies on Friday cut more than 1.6 million barrels of oil production as a major storm churned toward oilfields that provide 17% of the nation’s … Read more

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ROK Resources Files Financial Results and Management Discussion & Analysis for the Second Quarter of 2021

Friday, August 27, 2021 REGINA, SK / ACCESSWIRE / August 27, 2021 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK) has filed its interim Financial Results and Management Discussion & Analysis for the six months ended June 30, 2021. Financial Statements Highlights include: In year-to-date Q2 2021, the Company realized production volume of 28,587 boe, … Read more

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Highwood Asset Management Ltd. Announces Second Quarter 2021 Results and Management Change

NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES CALGARY, AB, Aug. 27, 2021 /CNW/ – Highwood Asset Management Ltd., (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce financial and operating results for the quarter ended June 30, 2021.  The Company also announces that its unaudited financial statements and associated Management’s Discussion and Analysis (“MD&A“) for … Read more

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U.S. oil and gas rig count rises for 13th month in a row -Baker Hughes

Aug 27 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fourth week, resulting in the 13th monthly increase in a row, even as a major storm approaches the Gulf of Mexico. The combined oil and gas rig count, an early indicator of future output, rose five in the … Read more

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WATCH: Successful Fish Recovery for Frac Hit Affected Well

EV Feature Logo 400x270

In this EV ‘Video of the Month’ example, an operator in Argentina applied EV’s FishVA service to overcome a fishing challenge and complete their unconventional well for subsequent production. After having run several milling passes to rectify a collapsed casing interval, the operator was hit with an unexpected setback – leaving a stuck mill downhole. … Read more

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OPEC+ Seen Sticking to Planned Output Hike as Oil Prices Rebound

Aug 27, 2021 (Bloomberg) OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble.The coalition led by Saudi Arabia and Russia is gradually restoring the vast amount of crude production halted during the pandemic, and will probably … Read more

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Oil Set for Weekly Gain With Storm Brewing, Fed Speech Awaited

Oil Prices

Aug 27, 2021 (Bloomberg) Oil headed for the biggest weekly gain in 11 months as market focus shifted to the outlook for U.S. economic stimulus and a storm that is menacing the Gulf of Mexico.Futures in New York rose above $68 a barrel and are up almost 10% for the week. Oil producers in the U.S. … Read more

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TD Sees Weaker Growth in Provinces That Shun Vaccine Passports

Aug 26, 2021 (Bloomberg)  Economists at Toronto-Dominion Bank, Canada’s second-largest lender, are warning provinces that refuse to implement vaccine passports will be hit hardest by a fourth-wave of Covid-19 cases.Beata Caranci, the bank’s chief economist,  said her group could cut its fourth-quarter forecasts for Ontario and other provinces that don’t have plans to limit high-risk … Read more

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Commentary: Economic obstacles to rollout of electric vehicles: Kemp

Electric cars charge on a street in London, Britain, February 4, 2020. REUTERS/Antonio Bronic LONDON, Aug 26 (Reuters) – Net zero emission targets will require widespread adoption of fully electric vehicles by private motorists but there are significant social and economic barriers that will have to be overcome to make this a reality. Motorists’ fears … Read more

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Energy companies race to complete Gulf of Mexico evacuations

FILE PHOTO: Representative Steve Scalise (R-LA) views BP's Thunder Horse Oil Platform in the Gulf of Mexico, from the air, 150 miles from the Louisiana coast in this May 11, 2017 handout photo obtained by Reuters June 26, 2017. Chris Bond/Handout via REUTERS

HOUSTON, Aug 27 (Reuters) – U.S. oil and gas companies on Friday raced to complete evacuations from offshore Gulf of Mexico platforms as Tropical Storm Ida advanced towards oilfields that provide 17% of the nation’s oil production. The storm early Friday was about 50 miles northwest of Grand Cayman Island moving north at 15 miles … Read more

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MISLEADING: A Matter of Fact: Keystone safety report misrepresented

Pipeline operated safely 99.9% of the time from 2010-2020 By Deborah Jaremko A group of U.S. Democratic representatives is attempting to use the findings of a new technical report on the Keystone pipeline to justify President Joe Biden’s decision to revoke permits for its expansion, Keystone XL.  This is misleading and does not reflect what the report by the … Read more

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IN SIGHT: Carbon-Free Steel – ENERGYminute

Courtesy of Giphy In 2001, Derek Zoolander introduced us to blue steel. 20 years later, Hybrit has introduced us to green steel. Both make the world a better place, but only one has a Center for Kids Who Can’t Read Good. What happened: As a partnership of Swedish manufacturing, mining, and energy companies, Hybrit has officially manufactured carbon-free … Read more

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Dentures from the oil sands? You bet!

Technology under development could produce minerals used in consumer products from tailings waste By Diane Cook  on August 23, 2021 Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Titanium and zircon, mineral sands that are used to produce multiple consumer products including dentures and cosmetics, can be recovered … Read more

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Leucrotta Announces Q2 2021 Financial and Operating Results

Calgary, Alberta–(Newsfile Corp. – August 26, 2021) – LEUCROTTA EXPLORATION INC. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased adjusted funds flow (1) by 209% to $0.9 million in Q2 2021 … Read more

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Oil’s Three-Day Rally Grinds to a Halt as Virus Worries Linger

Aug 26, 2021 (Bloomberg) Brent oil dropped following its biggest three-day gain since November, with the latest Covid-19 resurgence still clouding the outlook for fuel demand.Futures in London fell below $72 a barrel after adding more than 10% over the past three sessions. Shrinking U.S. stockpiles, a rebound in Indian demand and China’s containment of its latest outbreak are providing … Read more

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Activist’s New Strategy: Gas Producer’s Net Zero Pledge Challenged in Court by Activist

Natural Gas Terminal

Aug 26, 2021 (Bloomberg) Australian oil & gas producer Santos Ltd. will be challenged in court on its claim to have a “clear and credible” path to net zero greenhouse gas emissions from its operations, in a case brought by a climate activist group.The Adelaide-based company engaged in misleading or deceptive conduct when it said in … Read more

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Imperial Oil outlines plan to produce plant-based renewable fuel

Aug 25 (Reuters) – Imperial Oil Ltd, one of Canada’s biggest oil producers and refiners, on Wednesday outlined a plan to process vegetable oil into renewable diesel at its 191,000-barrel-per-day Strathcona refinery. The project, which still requires final approval, is part of majority-owner Exxon Mobil’s goal of producing more than 40,000 barrels per day of … Read more

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Drive a Ford F-150 for Work? You will pay over $1,150 in just Trudeau’s carbon taxes in 2030

An inconvenient fact: The most popular vehicles in Canada will be paying much more in carbon taxes in coming years By Mark Milke and Lennie Kaplan Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo With the exception of a few blessed spots in southern Ontario and southern British … Read more

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MEG Energy Appoints Darlene Gates as Chief Operating Officer

CALGARY, AB, Aug. 25, 2021 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Company”) is pleased to announce the appointment of Darlene Gates as the Company’s Chief Operating Officer and Chi-Tak Yee in the new position of Chief Technology Officer commencing September 7, 2021. Related Documents VIEW PDF MEG Energy Appoints Darlene Gates as Chief Operating Officer (CNW Group/MEG Energy Corp.) “We … Read more

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Altura Energy Announces Second Quarter 2021 Financial and Operating Results

CALGARY, AB, Aug. 25, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. The unaudited interim condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the three and six months ended June 30, 2021 are available on … Read more

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TICKET GIVEAWAY – Cody Snyder Charity BullBustin’ Event September 7th & 8th, 2021 – Calgary, AB – Want to Win a Pair of Limited Tickets? Enter HERE

How Much Fun Can You Have With Your Boots On? A LOT!! Especially if You’re Going to the Cody Snyder Charity Bull Bustin’ Event We’ve Got Tickets You Can Win! EnergyNow is giving away 10 sets of 2 tickets for the Cody Snyder Charity Bull Bustin’ Event either September 7 (Tues) of September 8 (Wed) … Read more

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WATCH: Global Energy Show 5×5 – Paul Cairns, Chief Business Development Officer, Eavor Technologies

GES_Global Energy Show_Feature_Logo_2021

Paul Cairns, Chief Business Development Officer of Eavor Technologies discusses the scalable innovation – the Eavor Loop, the energy transition from a geothermal perspective and why it’s important to be at the Global Energy Show. Paul: “There’s an overall change happening in the world. There is a shift in where the money is going. There … Read more

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Oil Holds Onto Stellar Two-Day Rally With Virus Impact in Focus

Aug 25, 2021 (Bloomberg) Oil clung to the gains from its biggest two-day advance since November, with prices continuing to fluctuate amid concerns about the impact of the coronavirus on global consumption.Futures in London climbed above $70 on Tuesday, and were little changed near $71 on Wednesday. Top crude importer China has brought its latest virus outbreak under … Read more

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U.S. heavy oil prices rise as market braces for Mexico supply hit

Summary Pemex output outage could take weeks to resolve U.S. refiners preparing for crude delivery disruptions NEW YORK/HOUSTON, Aug 24 (Reuters) – Prices of heavy sour crude oil grades have been rising in the U.S. Gulf Coast, traders said, as the market braces for a disruption of supplies from Mexico in the wake of a … Read more

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XI Technologies: The Problem with Using Spreadsheets for ARO Management

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.  Despite software solutions purpose-built for oil and gas companies to manage, track, and … Read more

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German court says EU rules apply to Nord Stream 2 pipeline

Nord Stream 2 - Committed, Reliable, Safe

A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal Hanschke DUESSELDORF, Aug 25 (Reuters) – The Nord Stream 2 gas pipeline is not exempt from European Union rules that require the owners of pipelines to be different from the suppliers of the … Read more

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Trudeau’s Carbon Tax: Up to 350 Per Cent Higher at the Pump by 2030: See the Impact of Higher Carbon Taxes on Gasoline Prices

Gas Pump

Canadian motorists can expect to pay up to $900 more per year at the pump to cover the federal carbon tax By Lennie Kaplan and Mark Milke  on August 23, 2021 Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Motorists fill their vehicles at Richmond and Parliament in Toronto. Getty … Read more

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CAPP Releases Energy Platform for 2021 Federal Election

CALGARY, AB, Aug. 24, 2021 /CNW/ – The Canadian Association of Petroleum Producers (CAPP) has released its Energy Platform for Canada for the 2021 federal election. The platform is a forward-looking, solutions-based document outlining the crucial role Canada’s natural gas and oil industry plays in three vital areas: Recovery – the energy industry is a primary engine in the country’s economy and can … Read more

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Explainer: Are lithium-ion batteries in EVs a fire hazard?

Aug 23 (Reuters) – General Motors Co (GM.N) has expanded the recall of its Chevrolet Bolt electric vehicles due to a risk of fire from the pouch-type lithium-ion battery cells made by South Korea’s LG. read more The recall, the second major one involving batteries made by LG Chem’s (051910.KS) battery unit LG Energy Solution (LGES) underscores the challenges facing … Read more

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FINANCIAL HEALTH & ESG AMBITION – CAN THEY CO-EXIST IN THE OIL AND GAS INDUSTRY?

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By Jackson Hegland, Modern West Advisory, Methane Emissions Leadership Alliance, Carbon Connect International, Aspenwood Innovation Canada’s oil and gas sector is poised to continue to be at the forefront of the global clean energy transition through world class environmental, social, and governance (ESG) performance and clean technology development. Today there are over 1,600 clean technology … Read more

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Demand only one side of LNG price surge, supply cut by outages: Russell

By Clyde Russell (Repeats earlier story for wider readership with no change to text. The opinions expressed here are those of the author, a columnist for Reuters.) LAUNCESTON, Australia, Aug 24 (Reuters) – The spot price of liquefied natural gas (LNG) in Asia is usually at a seasonal low in August in what is historically … Read more

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Need Non-Destructive Testing (NDT) Services? – See Buffalo Infinity’s (JV of Buffalo Inspection and Infinity Metis Corp.) Array of Testing Services

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Oil extends gains on brighter demand outlook, Mexico outages

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Summary Pfizer-BioNTech COVID vaccine gets full U.S. approval Mexico offshore platform fire takes 400,000 bpd off line U.S. to sell up to 20 mln barrels of SPR oil LONDON, Aug 24 (Reuters) – Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as Mexico suffered a big production outage and U.S. … Read more

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Oil Demand Gets Boost as China’s Harsh Curbs Bring Delta to Heel

Aug 24, 2021 (Bloomberg) Traffic on China’s typically busy city streets has shown signs of a recovery as the key crude-importing nation managed to quash a resurgence in Covid-19 cases, bolstering the outlook for energy demand.Congestion in Beijing, the capital, rose 11.8% as of mid-morning on Tuesday compared with a week earlier, according to real-time traffic data from … Read more

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Use Payload Technology to Streamline Carrier Costs & Increase Margins – Learn More

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    While the Oil and Gas industry is still in the nascent stages of its digital transformation, the transformation has been accelerated by a pandemic and a prolonged downturn resulting in significant consolidation and cost cutting by producers, and margin squeezing for carriers. Those companies who were able to effectively embrace technology to drive … Read more

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Back with a Blast 2021 Charity Shoot- Please Join Us in Support of the Dream Casters Society on Sept 16, 2021 – Northern Mat & Bridge

This year, on Thursday September 16th, 2021, Northern Mat & Bridge will be hosting our 7th Annual Charity Shoot – Back with a Blast 2021 at the Wapiti Shooters Club in Grande Prairie, AB. We are very excited to be back at the range for a day packed full of friends and fun, this year the NMB charity shoot … Read more

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Breaking Down Silos for Better ESG Reporting – Deidra Garyk ESG Series

by Deidra Garyk This series is specific to the Canadian Oil and Gas Industry and explores how ESG will impact the industry moving forward, how the sector can embrace it, and what reporting tools are available. This is article three of six. Read Article 1 Here: –  What is ESG? Read Article 2 Here: –  How … Read more

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Tips on How to Do Digital Transformation – Geoffrey Cann

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Geoffrey Cann If you’re involved in leading a digital drive at your company, you may be interested in these handy tips for successfully driving change. A Call for Help A few years ago, I received an urgent email note from a complete stranger. Mike was a 23 year old engineer working at an oil and … Read more

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NuVista Energy Ltd. Releases 2020 ESG Report

August 23, 2021 CALGARY, Alberta, Aug. 23, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce the release of our 2020 Environmental, Social, and Governance (“ESG”) Report. This report, available for viewing on NuVista’s website, highlights our ESG performance through 2019 and 2020. We are proud to share … Read more

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Entropy Inc. Initiates Formal Process to Pursue Alternatives to Fund Carbon Capture and Sequestration (CCS) Growth Initiatives

CALGARY, AB, Aug. 23, 2021 /CNW/ – Entropy Inc. (“Entropy” or the “Corporation”, a subsidiary of Advantage Energy Ltd., “Advantage”) is pleased to announce the initiation of a formal process to explore alternatives for raising external capital, including a private placement of equity securities of the Corporation (the “Financing”). Entropy intends that the net proceeds from the … Read more

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Southern Energy Corp. Announces Q2 2020 Financial and Operating Results

CALGARY, AB, Aug. 27, 2020 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU), an established natural gas and oil producer with U.S.-based assets, today released financial and operating results for the three and six months ended June 30, 2020. Southern’s unaudited condensed consolidated interim financial statements (the “Financial Statements“) and related management’s discussion and analysis (the “MD&A“) for … Read more

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U.S. energy firms launching employee COVID-19 vaccination mandates

Aug 23 (Reuters) – U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise across the United States and energy workers, according to health surveys, remain among those most reluctant to get inoculations. Calls to require vaccinations for employees who work closely together in oilfield and refinery operations come … Read more

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U.S. report finds multiple problems with Keystone pipeline

WASHINGTON, Aug 23 (Reuters) – A U.S. government watchdog found multiple problems with the construction, manufacture and design of the Keystone pipeline, validating President Joe Biden’s decision to revoke the permit for a Keystone XL extension, leaders of several House Democratic committees said on Monday. The lawmakers requested the Government Accountability Office report in November … Read more

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U.S. oil and gas rigs rise for third week -Baker Hughes

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 Aug 20 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row, as a recovery in oil prices prompted some … Read more

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Extend the Life of your Valves – Westech Technical Service Team

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Technical Service at Westech means that our customers will always have the backup of a professional, dedicated technical support department. The technical service team are trained in all aspects of safety valve testing and repair. Our technicians are fully certified, and factory trained to bring you the very best in servicing and maintaining product integrity … Read more

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Oil Jumps With Stocks After Worst Losing Streak Since 2018

By Elizabeth Low and Alex Longley  Aug 23, 2021 (Bloomberg) Brent oil climbed amid a broader market rebound after capping the longest run of declines in more than three years. Futures in London rose 3.2% on Monday, rallying with equities and other commodities, after earlier slipping below $65 a barrel. In addition to more positive sentiment in financial … Read more

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GM and LG’s Too-Big-to-Fail Ties Tested by $1 Billion Battery Recall

Aug 23, 2021 (Bloomberg) In June 2017, months after General Motors Co. beat Tesla Inc. to market with an affordable, long-range electric vehicle, it took out full-page newspaper ads touting how long its Chevrolet Bolt could travel between charges. The tagline: “Begin a long-distance relationship, now.”Four years later, the long-distance relationship between GM and its battery partner, LG … Read more

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How Confident Are You In Your Well Placement Calculation? A Geologist’s Perspective On The Impact of Unanalyzed Surveys

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Jessica Beal, P.Geo, is a Senior Geologist with vast technical experience in Geological Operations and Exploitation, Reservoir and Reserve Evaluation, Wellsite Geology, and Project Management. roundLAB is incredibly pleased with the hands on impact of Jessica’s role in our Real Time Operations Center, delivering invaluable geological perspectives given the demands of today’s modern well designs. Jessica has quickly earned the role of … Read more

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ICBA CONVERSATIONS: Talking Energy, Fires and More with Mike Davis

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ICBA’s VP-Regional Mike Davis stops by the new studio to talk with Jordan Bateman about the latest developments in oil and gas, the Taylor Bridge, what’s happening across BC, wildfires, and much more. icba.ca

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FREE WEBINAR!! Insightful Sampling Innovations – Online Webinar with Phil Harris Thursday, August 26th | 12:00pm MDT: Details HERE

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Insightful Sampling Innovations Online Webinar with Phil Harris Thursday, August 26th | 12:00pm MDT Sign Up: https://www.makingmeasurementsmatter.com/offers/G65kRugS/checkout Insight Analytical specializes in custom measurement, analysis, and sampling applications. Sample system design and implementation are often critical to the operational success of analytical installations. With years of experience in design and troubleshooting, we have seen many of the things … Read more

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Merkel Vows Sanctions Against Russia If Pipeline Used as Weapon

Nord Stream 2 - Committed, Reliable, Safe

Aug 22, 2021 (Bloomberg) Chancellor Angela Merkel reinforced her vow to push for additional sanctions against Russia if the Kremlin uses the Nord Stream 2 gas pipeline linking Russia to Germany as a “weapon.”The comments came two days after President Vladimir Putin raised the stakes in mounting tension over energy with the EU. Putin imposed conditions … Read more

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Commentary: World’s Oil price path depends on pandemic’s next phase: John Kemp

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By John Kemp LONDON, Aug 20 (Reuters) – Oil markets only exhibit the current combination of falling spot prices and a calendar spread in backwardation relatively infrequently, which suggests the contradiction between them will resolve itself rapidly. Falling spot prices imply the production-consumption balance is expected to become less tight – but backwardation implies the … Read more

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Energy Innovators = Leading Technology: Watch Their Presentations HERE

      EnergyNow’s recent Innovation Month brought to the forefront a number of cutting edge innovative technologies that are not only making many companies more efficient but also having an impact on the global energy environment.  The following companies made presentations as part of EnergyNow’s Online Innovation Conference.  Please review the list of presenters … Read more

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SUCCESS: Brookfield Wins Investor Support for Inter Pipeline Deal

Aug 21, 2021 (Bloomberg) Brookfield Infrastructure Partners LP has won enough shareholder backing to push ahead with its C$8.6 billion ($6.7 billion) takeover of Inter Pipeline Ltd.Inter Pipeline shareholders agreed to tender 65.6% of the common stock not already held by Brookfield Infrastructure, the Toronto-based company said in a statement late Friday, confirming an earlier report … Read more

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Carbon-Neutral LNG: Another Reason Why Natural Gas Could Win ‘The Energy Transition’

Jude Clemente Demand For Natural Gas Can Only Grow Now at 375 Bcf/d, the reality of the world’s energy situation is that natural gas demand is set to grow substantially in the years ahead. Any serious low-carbon outlook has gas as a foundational resource. Experts at McKinsey model “resilient” gas demand through 2050, even in an accelerated … Read more

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How Hypocrisy Fuels Much of the Opposition to Canada’s World Class Oil & Gas Industry

Canada’s world class energy sector has become a frequent target for virtue signaling corporations and governments By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter An information centre can be seen in a container near the natural gas receiving station of the Nord Stream 2 Baltic … Read more

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Cheap Oil Stocks Lure Investors Even in an ESG-Conscious World

Aug 21, 2021 (Bloomberg) Europe’s oil stocks may not be the most obvious picks in an ESG-conscious world, but some investors can’t get enough of them.They’re cheap, pay big dividends and have benefited from a recovery in oil prices. That’s an attractive combination for investors who are nervous that the broader market is overvalued after the … Read more

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Nickel Is Becoming a Battleground for Bets on Battery Future

Aug 20, 2021 (Bloomberg) The race to supply automakers with nickel to power their batteries is pitting two of the biggest names in mining against each other.A company owned by Australian iron ore billionaire Andrew Forrest signaled its refusal to back down after a proposal to buy Canadian nickel developer Noront Resources Ltd. was trumped by … Read more

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U.S. slaps sanctions on Nord Stream 2, project’s opponents say not enough

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The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia, February 26, 2020. REUTERS/Maxim Shemetov WASHINGTON, Aug 20 (Reuters) – The Biden administration on Friday slapped sanctions on one Russian vessel and two Russian individuals involved in the Nord Stream 2 … Read more

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U.S. oil and gas rigs rise for third week -Baker Hughes

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 Aug 20 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row, as a recovery in oil prices prompted some … Read more

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‘We’re NOT the U.S.’: Portfolio Manager Stresses Caution for Trudeau on Monetary Policy

Jon Mace, BNN Bloomberg If we keeping printing money at this rate the Canadian dollar is going to crash: Portfolio manager Portfolio Manager Jean-Francois Tardif said Justin Trudeau ought to tread carefully when it comes to printing money, a day after the Liberal Party leader made waves when he said monetary policy would not be his … Read more

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Oil in Longest Run of Declines Since 2019 After Fed Taper Signal

Aug 20, 2021 (Bloomberg) Oil headed for its longest stretch of declines since 2019 as the Federal Reserve’s signal it will start tapering stimulus promoted a rally in the dollar, while concerns continue to mount about global energy demand.West Texas Intermediate futures fell for a seventh day, taking the week’s drop to 8.9%. Other raw materials … Read more

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Prairie Storm Resources Corp. Announces Q2 2021 Results

CALGARY, AB, Aug. 19, 2021 /CNW/ – Prairie Storm Resources Corp. (“Prairie Storm” or the “Company”) (TSXV: PSEC) is pleased to report its unaudited financial and operating results for the three and six months ended June 30, 2021. Selected financial and operating information is outlined below and should be read in conjunction with Prairie Storm’s unaudited interim condensed consolidated financial statements … Read more

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Journey Energy Inc. Announces Closing of the Private Company Acquisition

CALGARY, AB, Aug. 19, 2021 /CNW/ – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) reports that it has closed the previously announced private company (“PrivateCo“) acquisition. The acquisition price was paid via the issuance of 3.5 million Journey shares plus $2.9 million of cash.  The shareholders of PrivateCo voted overwhelmingly in favor of the Journey acquisition with 92% of … Read more

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Gear Energy Ltd. Announces July Monthly Update to Shareholders

CALGARY, AB, Aug. 19, 2021 /CNW/ – Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) is pleased to announce that the new July 2021 monthly update can be accessed via the following link https://gearenergy.com/updates. Website: www.gearenergy.com SOURCE Gear Energy Ltd. For further information: Ingram Gillmore, President & CEO, 403-538-8463; David Hwang, Vice President Finance & CFO, 403-538-8437, Email: [email protected] Related Links http://www.gearenergy.com/  

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Solar opens bright path towards ‘economic reconciliation’ for Alberta First Nation

Renewable energy from Cold Lake First Nations will fuel Cenovus oil sands operations and help reduce emissions By Mario Toneguzzi ollow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Cold Lake First Nations Chief Roger Marten. Photo supplied for Canadian Energy Centre An Alberta First Nation will harness the sun … Read more

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Reality: You Need Carbon to De-Carbon – ENERGYminute

See More from ENERGYminute HERE Inputs and uses of carbon fiber bubble size denotes usage per ton of carbon fiber polymer Courtesy of Thunder Said Energy Carbon fiber is a material 3 to 10 times stronger than steel but 70 to 80 percent lighter. In an age with a need to maximize energy efficiency and conservation, … Read more

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Marathon Compression Innovation Presentation: Watch it HERE

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Marathon Compression Presentation: Marathon Compression Innovation Presentation Article: Eliminating Pneumatic Instrument Methane Venting   Marathon Compression is a proven creative solutions provider that delivers comprehensive design and engineering services, working collaboratively with clients to supply compression equipment to the oil and gas industry. With a singular focus on the client experience, Marathon Compression will go the distance for you … Read more

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Datagration Innovation Presentation: Watch it HERE

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Datagration Presentation: Datagration Innovation Presentation   Transforming Tradition Traditional methods of manually connecting dispersed data sources, data lakes, and applications are not scalable, and process flexibility is limited. E&P companies can automate any petro-technical workflow with the PetroVisor™ Platform, which provides a unified, modern, seamless and cost-effective ability to run their business more efficiently.

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Column: Oil prices hammered by surge in coronavirus cases: Kemp

By John Kemp LONDON, Aug 19 (Reuters) – Oil prices have finally buckled after coronavirus cases surged in all the major oil-consuming regions, pushing back the anticipated easing of quarantines and resumption of international passenger aviation. The number of new coronavirus cases confirmed each day around the world has almost doubled to 84 per million … Read more

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Emerging oil nations reject climate curbs on exploration, pursue rapid development

Summary Newest oil nations steal spotlight at U.S. energy conference Ghana, Guyana, Suriname aim to rapidly tap new discoveries Oil could drive economies, cultivate cleaner industries HOUSTON, Aug 19 (Reuters) – The world’s newest oil-producing nations grabbed the spotlight at this week’s Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in … Read more

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It’s Not a Competition, But Renewables Are Beating Nuclear Anyway

Energy giant BP Plc has been publishing its annual review of global energy statistics for seven decades. (I’ve been reading it — and digesting its data — for about a fifth of that time.) The latest edition published in July is, understandably, quite focused on the largest year-on-year decline in primary energy consumption since 1945. But … Read more

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Don’t Count on LNG to Save Europe From a Winter Gas Crunch

Aug 19, 2021 (Bloomberg) Europe’s vast network of liquefied natural gas terminals can’t save it from a winter supply crunch.LNG supplies entering European grids in July fell to the lowest for that month in three years and the outlook for this month is even grimmer. Just one cargo is scheduled to arrive in the U.K. in … Read more

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Oil Buckles to Lowest Since May as Fed Signals Intent to Taper

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Aug 19, 2021 (Bloomberg) Oil tumbled again, dropping to the lowest level since May as the U.S. Federal Reserve signaled it was set to start tapering asset purchases within months, hurting commodities and lifting the dollar.West Texas Intermediate futures fell 3.7%, declining for a sixth straight day and sinking in tandem with equities and other commodities like copper and iron … Read more

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Canadian Inflation Jumps to 3.7%, Creating Trouble for Trudeau

Aug 18, 2021 (Bloomberg) –Canadian inflation accelerated to match its highest reading in almost two decades, threatening to become a political headache for Prime Minister Justin Trudeau during an election campaign.The consumer price index was up 3.7% in July from a year earlier, Statistics Canada reported Wednesday in Ottawa. It last hit that level in 2011. Canada … Read more

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Combined Company to Operate as Kiwetinohk Energy Corp.

CALGARY, Alberta, Aug. 19, 2021 (GLOBE NEWSWIRE) — As announced on June 28, 2021, the Boards of Directors and the largest shareholders of each of Kiwetinohk Resources Corp. (“Kiwetinohk“) and Distinction Energy Corp. (“Distinction“) have agreed to a combine the businesses of Kiwetinohk and Distinction under a plan of arrangement under applicable corporate law (the … Read more

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Cordy Oilfield Services Inc. Reports Second Quarter Results

CALGARY, Alberta, Aug. 18, 2021 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released today its second quarter results. ANALYSIS OF CONSOLIDATED RESULTS OF OPERATIONS Three months ended June 30, Six months ended June 30, ($ 000’s) 2021 2020 ($) Change 2021 2020 ($) Change Revenue Environmental Services 5,997 2,043 3,954 … Read more

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Gazprom Says Controversial Russian Pipe Can Ship Gas in 2021

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Aug 19, 2021 (Bloomberg) –A controversial Russian pipeline can deliver the first batches of natural gas to Germany this year, according to Gazprom PJSC.The Nord Stream 2 link can ship 5.6 billion cubic meters of gas in 2021, the Russian gas giant said in a statement on the eve of a meeting between President Vladimir … Read more

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Schachter’s Eye on Energy: Weaker Economic Data In The US & China Depress Crude Oil Prices. WTI Down US$2/b From Last Week. WTI below US$65/b Likely In The Coming Weeks.

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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 (SER) 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 … Read more

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IS IT WORKING? The World Has Been Investing $300 Bln/Year On Renewables to Reduce Reliance On Fossil Fuels – Phil Harris

by Phil Harris Introduction While much is made of the rapid deployment of renewable energy sources such as wind and solar in the last decade, have we really made a difference? One might expect that the reported huge growth has significantly changed the energy profile of the world and our potential to save ourselves from … Read more

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WATCH: New Episode: The Ethical Case for Canadian Energy | Politics Explained – Aaron Gunn With Special Guests

Aaron Gunn with guests David Yager, Pierre Poilievre, Brett Wilson, Michael Binnion, Mark Milke, Earl Hickok, Robbie Picard, Brian Jean & Mark Scholz Is it time to “phase out” Canada’s oilsands? Or are the incessant attacks from celebrities and activists drenched in hypocrisy, and missing the bigger picture? Here’s what you need to know SUBSCRIBE: … Read more

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Opinion: Canada – Invest in the Best and Divest from the Rest – Cody Ciona

Originally appeared in the Financial Post If Canada is serious about leading on climate, we need to champion our world-leading oil and gas industry The capital needs of Canadian energy producers are increasingly buffeted by two forces that have been created and nurtured by the global environmental movement. The first is “ESG” — a growing … Read more

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Surge Energy Inc. Announces Closing of Strategic $160 Million Southeast Saskatchewan Light Oil Acquisition; Closing of New Credit Facilities; Approval of Share Consolidation; and 2022 Guidance

CALGARY, AB, Aug. 18, 2021 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce that it has successfully completed the previously announced acquisition (the “Acquisition”) of Astra Oil Corp. (“Astra”) pursuant to an arrangement (the “Arrangement”) under the provisions of the Business Corporations Act (Alberta). SPECIAL MEETING RESULTS; 95% VOTE IN FAVOR OF ACQUISITION AND … Read more

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A Damming Situation – Hydropower: ENERGYminute

Courtesy of Shutterstock Water: we drink it, swim in it, and water our lawns with it. Across most of the world, we also use it to generate one of the cleanest sources of power – hydropower. But what happens when our access to reliable hydro literally evaporates? Background: Hydro makes up about 60 percent of all … Read more

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Spartan Delta Corp. Announces Completion of $150.0 Million Bought Deal Financing

/NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./ CALGARY, AB, Aug. 18, 2021 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSXV: SDE) (TSXV: SDE.N) is pleased to announce it has closed its previously announced bought deal public offering of 29,703,000 subscription receipts (the “Subscription Receipts“) at … Read more

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With Sadness, ATCO Announces the Passing of Our CFO, Dennis DeChamplain

CALGARY, AB, Aug. 18, 2021 /CNW/ – ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y) / Canadian Utilities Limited (TSX: CU) (TSX: CU.X) It is with profound sadness, ATCO today announced that Dennis A. DeChamplain, who held the role of Executive Vice President and Chief Financial Officer of both ATCO Ltd. and Canadian Utilities Limited, passed away Monday, August 16, suddenly and unexpectedly from coronary failure. … Read more

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Column: Coronavirus flare-ups delay full oil demand recovery: Kemp

LONDON, Aug 17 (Reuters) – U.S. petroleum consumption has recovered to pre-pandemic levels, but there has been a marked shift from consumer-facing sectors towards industry and freight transportation, mirroring the uneven economic recovery. The total volume of petroleum products supplied to domestic customers climbed to 20.1 million barrels per day (bpd) in May, according to … Read more

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Oil Climbs After Four-Day Slump With U.S. Stockpiles in Focus

Aug 18, 2021 (Bloomberg) Oil snapped a run of declines as a U.S. industry report pointed to a drop in domestic crude stockpiles.West Texas Intermediate rose 0.5% after a four-day losing run that was the longest since March. The American Petroleum Institute reported that crude inventories fell 1.16 million barrels last week, including a draw at … Read more

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How does GIS enhance modern field services operations?

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Location services have been a hot topic in both the technological and social spheres for a while now. While many industrial companies pursue digital transformation strategies, the majority of those rely on location intelligence. In particular, there is an increased demand for tools that cater to a wide range of businesses with the power of … Read more

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XI Technologies: To play today’s A&D game, you need to be proactive

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.  Mergers and acquisitions are the name of the game in today’s Western Canadian … Read more

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WATCH: Global Energy Show 5×5 – Chantal Schutz, CFO & Executive Vice President, mCloud Corp.

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Chantal Schutz, CFO & Executive Vice President of mCloud Corp. discusses solving problems in the energy industry using AI, working with Invest Alberta to help companies decarbonize, and the potential for AssetCare, which has already helped reduce the carbon footprint of its customers by 80,000 tonnes. Chantal: “That is a big step in helping with … Read more

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CASE STUDY: A Dual Gasoline and Diesel Blending and Loading Solution – an Innovative Sky Eye Design Provides a Simultaneous Blending and Loading Solution

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An innovative Sky Eye design provides a simultaneous blending and loading solution. At the beginning of March 2020, a large Energy Producer reached out to the team at Sky Eye for a gasoline blending and diesel transloader solution for their site in Guadalajara, Mexico. The solution was on site by June 2020. The transloader was … Read more

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Autoclave Engineers, the Safe and Reliable choice for High Pressure

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Parker Autoclave Engineers, the global leader in high pressure and temperature applications, bringing over 75 Years of high pressure industry knowledge, manufacturing expertise, and technological innovation to offer a broad range of products and services to customers across a wide range of industries.  Their goal is to design, produce and deliver products, systems and solutions … Read more

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Athabasca Oil Corporation Announces Market Egress Transactions that Increase Corporate Liquidity by ~$100 Million

August 17, 2021 CALGARY, Alberta, Aug. 17, 2021 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) has executed two strategic market egress transactions that increase corporate liquidity by approximately $100 million through cash consideration and the release of restricted cash that was securing letters of credit. These transactions further bolster the … Read more

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Commentary: Research firm’s new base case helps build oil and gas bridge to global emissions reductions

IHS Markit scenario shows how oil and gas can play a key role in a measured transformation to a low emissions future amid rising global demand By Lennie Kaplan Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Oil platform anchored in Rio de Janeiro’s Guanabara Bay. Getty Images photo … Read more

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Hemisphere Energy Announces 2021 Second Quarter Financial and Operating Results

Vancouver, British Columbia–(Newsfile Corp. – August 17, 2021) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to provide its financial and operating results for the second quarter ended June 30, 2021. During the second quarter, Hemisphere achieved record revenue of $10.1 million, generated adjusted funds flow from operations (AFF) of $4.2 … Read more

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Australia’s Woodside snares BHP oil, gas business in $28 bln merger

Summary Woodside to double output Woodside gains growth prospects, better oil-gas split Woodside inherits billions in decommissioning liabilities Shareholders worry about stock overhang MELBOURNE, Aug 17 (Reuters) – BHP Group (BHP.AX) has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion … Read more

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Oil Heads for Longest Run of Losses Since March on Virus, Dollar

Aug 17, 2021 (Bloomberg) Oil fell for a fourth day, heading for the longest run of losses since March, on the threat to demand from the delta coronavirus variant.West Texas Intermediate futures declined 0.4% after losing almost 3% over the previous three sessions. U.S. gasoline consumption fell for a third week, according to a survey by … Read more

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EV Makers Eye Bigger Battery-Metals Role by Inking Mining Deals

Aug 16, 2021 (Bloomberg) Electric-vehicle makers are pushing for an intermediary role in mining to secure supplies of key battery metals, according to the head of Wheaton Precious Metals Corp.“We’ve had discussions on that and Tesla has definitely explored these options,” Chief Executive Officer Randy Smallwood said Friday in a phone interview. “There is a real … Read more

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Distinction Energy Corp. Files Second Quarter 2021 Results

August 17, 2021  CALGARY, Alberta, Aug. 17, 2021 (GLOBE NEWSWIRE) — Distinction Energy Corp. (“Distinction” or the “Company”) announces that it has filed its second quarter financial statements and related management’s discussion and analysis for the three and six months ended June 30, 2021 with the Canadian securities regulatory authorities on SEDAR. About Distinction Energy Corp. Distinction is an oil … Read more

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Analysts ‘tantalized’ by opportunities as Line 3 nears completion – Deborah Jaremko

Project could open new pathway to refineries on U.S. Gulf Coast By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter An Enbridge worker walks along the Line 3 Replacement Project right-of-way in Minnesota. Photo courtesy Enbridge A group representing thousands of Minnesotans remains steadfast in their support … Read more

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Why The Science Behind the UN/IPCC Climate Reports is “Unsettled” – David Yager

By David Yager August 16, 2021 When it comes to climate change, the frequently repeated mantra is “The science is settled.” Those who dare raise questions are labelled climate change deniers. Everybody else just agrees with everything and keeps their views to themselves. Except scientist and author Steven E. Koonin, who begs to differ. The … Read more

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U.S. oil industry sues Biden administration over drilling auction pause

Aug 16 (Reuters) – Major U.S. oil industry groups on Monday sued the Biden administration for halting drilling auctions on federal lands and waters this year, arguing the government is required by law to hold regular sales. The American Petroleum Institute (API) and 11 other groups filed the lawsuit in federal court in the Western … Read more

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Commentary: Trudeau’s ‘Just Transition’ – What Does it Really Mean & What Will it Cost the Canadian Economy & Labour Force

What does it really mean and what will it cost the Canadian economy and labour force? By Lennie Kaplan A worker checks steel pipe at the Tenaris plant in Sault Ste. Marie, Ont. Photograph supplied for Canadian Energy Centre Pardon me while I channel up the lyrics from a 1971 Ten Years After song: “I’d love … Read more

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The Rise of the Platform Solution – Geoffrey Cann

Geoffrey Cann

By Geoffrey Cann Platform solutions save time and money and improve business decision quality. And now there are even specific platforms for oil and gas. The Origins of Platforms By platform, I don’t mean off-shore—I mean a computerized business system. I didn’t appreciate it at the time, but my first exposure to platform thinking was … Read more

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Petro Viking Energy Inc. Newly Appointed Director and Chief Executive Officer Provides a Corporate Update

Calgary, Alberta – TheNewswire – August 16th 2021 – Petro Viking Energy Inc. (“Petro Viking” or the “Company”) (CNSX:VIK.CN) (CNSX:VIK.V.CN) is pleased to provide a Corporate update on the closing of the asset purchase of 100% of Avila Energy’s interests in 53,835 Acres, 43,935 Acres (Net), of mineral rights, associated wells, pipelines and facilities for … Read more

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Vermilion Energy Inc. Announces Results for the Three and Six Months Ended June 30, 2021

CALGARY, AB, Aug. 16, 2021 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2021. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2021 will be … Read more

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SNC-Lavalin completes closing of Resources Oil & Gas business

MONTREAL, Aug. 16, 2021 /CNW Telbec/ – SNC-Lavalin (TSX: SNC), a fully integrated professional services and project management company with offices around the world, today announces that it has completed the closing of the sale of its Resources Oil & Gas business on August 15, following receipt of Saudi Arabian regulatory approval. SNC-Lavalin previously announced that it had closed the sale … Read more

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Oil Extends Retreat as Delta Takes Toll on China and Markets Dip

Aug 16, 2021 (Bloomberg) Oil sank for a third consecutive day as Chinese economic data disappointed and the spread of the delta coronavirus variant hurt prospects for global demand.West Texas Intermediate slumped as much as 2.4% as fresh outbreaks in Asia have started weighing on China’s economy, with retail sales growth and industrial output slowing. cases are also … Read more

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Turbine Flow Meters – When Accuracy is of the Utmost Importance

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Turbine flow meters use the mechanical energy of the liquid to rotate a rotor within the flow stream. The rotational speed is directly proportional to the velocity of the fluid traveling through the meter. These meters are used in multiple industries to reliably measure liquids, gases and vapors. Durable Metering Solution. High Accuracy Range. Turbine … Read more

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PRODUCT FEATURE: Thermal Mass Meters for Carbon Credit Capture

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At Sur-Flo, we are passionate about working together towards a solution. In this case, as our clients look towards measuring instrument air for carbon credits, we are happy to have found the right fit “measurement-wise” ─ our Thermal Mass flow meters. They can be retrofitted to match existing sites or manufactured to fit new fabrications. … Read more

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Use Fabric Buildings for Commercial Mining and Exploration – See the Buildings HERE

A Cobra Structures fabric building is a cost-effective way to make your company’s operations easier. Whether it’s an insulated warehouse at a remote location or a maintenance facility in northern Canada, the installation team at Cobra Structures has proven to install their fabric buildings on budget and on time. Their commercial buildings go as wide … Read more

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Field Safe Solutions Innovation Presentation – Watch it HERE: Connecting Workers to Save Time, Save Money and Save Lives

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Field Safe Solutions Presentation: Watch it HERE: Field Safe Solutions Innovation Presentation Article: Connecting Workers to Save Time, Save Money and Save Lives. Founded in 2014, Field Safe Solutions is a cloud-based software as a service company. Our head office is in Calgary, Alberta, and we have satellite offices across North America. Our easy-to-use digital … Read more

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OPEC+ supply boost unlikely despite call from U.S. for more oil, says Goldman

Aug 13 (Reuters) – U.S. investment bank Goldman Sachs said a recent call by the United States to OPEC+ to boost oil output is unlikely to result in higher production over the short-term given the threat to demand from the coronavirus Delta variant. U.S. President Joe Biden’s administration on Wednesday urged the Organization of Petroleum … Read more

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U.S. drillers add most oil rigs in a week since April -Baker Hughes

Aug 13 (Reuters) – U.S. energy firms added the most oil rigs in a week since April as the total rig count more than doubled from a record low a year ago amid a recovery in crude prices. The combined oil and gas rig count, an early indicator of future output, was up for the … Read more

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WaterFleet Innovation Presentation: Watch it HERE – WaterFleet is a Best-in-Class Service Provider of Mobile Water and Wastewater Utility Services

WaterFleet Presentation: Waterfleet Innovation Presentation Article: How do you reliably verify clean drinking water on your worksite?   Who We Are WaterFleet is a best-in-class service provider of mobile water and wastewater utility services, and workforce relief solutions. We provide millions of gallons of verified potable water to thousands of workers every month. We process millions … Read more

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A Balanced Budget in 2070? – Canadians deserve better than five decades of deficits

Canadian Taxpayers Federation

The Parliamentary Budget Officer has finally answered the burning question: will Prime Minister Justin Trudeau’s budget balance itself? The answer: yes, it will – but not for another almost 50 years. According to data published by the PBO, under status quo policies the federal government will balance its budget again in the year 2070. By then, Ottawa will … Read more

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Four Maps Which Show How Humans Have Already Affected Climate – ENERGYminute

by Michelle Heath and Aaron Foyer See More from ENERGYminute HERE The Intergovernmental Panel on Climate Change (IPCC) released its sixth assessment this week. The 3,000+ page report included a regional breakdown of how the climate has changed already, and the probability human activity has contributed to it. Four key areas were studied for change: Hot extremes … Read more

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Supersized: Demand for oil and gas in Africa and Asia – Ven Venkatachalam and Mark Milke

As populations and economies grow in developing nations, oil and gas will remain vital energy source By Ven Venkatachalam and Mark Milke  on August 9, 2021 Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A worker inspect facilities on an upstream oil drilling platform at the Total oil platform at Amenem, … Read more

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Canada Weekly Rig Count Up 8 for Week Ending August 13, 2021

Canada’s drilling rig count is up 8 active drilling rigs according to data collected by Baker Hughes for the week ending August 13, 2021. From one week ago, Alberta rig counts increased 7 to 109 and the Saskatchewan rig counts increased 2 to 31. Oil drilling increased 5 to 100 and gas increased 3 to … Read more

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WATCH: FROM PLANT TO PLATE: Should governments listen to activists who want oil and natural gas kept in the ground?

Is it realistic for governments to listen to activists who want oil and natural gas kept in the ground? How would that affect the food on your plate? Take a look at the  new clip from Second Street. And if you would like to learn more about natural resource usage in our lives, and efforts … Read more

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First New Oil Sands Pipeline in Years Could Start Next Month

(Bloomberg) A key pipeline linking Canada’s oil sands crude to U.S. markets could start shipping crude as early as next month. Enbridge Inc.’s 760,0000 barrel-a-day Line 3 oil pipeline could start operating as soon as Sept. 15, bringing relief to Canadian oil sands producers who have had with limited access to export pipelines. The new … Read more

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COVID-19: Fourth wave renews debate over community restrictions in Western Canada

COVID-19 handling plagues Kenney, Pallister; Ford recovers, Legault continues to receive praise August 13, 2021 – Canadians continue to cope with the complications brought on by COVID-19, which is surging across the country – with few regional exceptions. Amidst rising concern, provincial governments are taking significantly different approaches to managing this fourth wave, prompting significantly different reactions … Read more

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Pemex Can’t Afford to Develop the Oil Field It Fought to Control

Aug 12, 2021 (Bloomberg) Petroleos Mexicanos fought tooth and nail to wrest control of the country’s biggest private oil find from the companies that discovered it. Now it has found itself without the cash to actually develop the field. After taking operational control of the Zama megafield last month, the Mexican state-owned oil producer doesn’t … Read more

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China’s Green Ambitions Aren’t Halting New Coal and Steel Plans

China continues to announce new steel mills and coal-fired power plants even as the country maps out a path to zeroing out heat-trapping emissions. State-owned firms proposed 43 new coal-fired generators and 18 new blast furnaces in the first half of 2021, the Centre for Research on Energy and Clean Air said in a report Friday. … Read more

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Not So Fast Joe: Forecasters Don’t Support Biden’s Need for More OPEC Crude Oil

By Julian Lee (Bloomberg) The U.S. administration of President Joe Biden has received little support from the world’s biggest oil forecasters for its call to the OPEC producer group to open the taps wider to support the global recovery. Far from echoing the call for more crude, they have all cut their estimates of how much of … Read more

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Oil Steady as Covid Return Casts Shadow Over Demand Outlook

Aug 13, 2021 (Bloomberg) Oil steadied at the end of a volatile week in which the fast-spreading delta virus variant continued to cloud the demand outlook. Futures traded near $69 a barrel in New York after slipping on Thursday. The latest Covid-19 wave is leading to tighter curbs on movement across the globe, although there are mixed assessments … Read more

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Lux Modus Innovation Presentation: Watch it HERE

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Lux Modus Presentation: Lux Modus Innovation Presentation Article: Who is Lux Modus? We are Lux Modus. A remote sensing technology company focused on democratizing the collection of 3D data for the world. ​ By lowering equipment costs and eliminating the need for advanced software and specialized training, we are bringing accurate, high resolution 3D scanning … Read more

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Field Safe Solutions Innovation Presentation – Watch it HERE

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Field Safe Solutions Presentation: Watch it HERE: Field Safe Solutions Innovation Presentation Article: Connecting Workers to Save Time, Save Money and Save Lives. Founded in 2014, Field Safe Solutions is a cloud-based software as a service company. Our head office is in Calgary, Alberta, and we have satellite offices across North America. Our easy-to-use digital … Read more

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Schachter’s Eye on Energy: US and China See Large Declines In Crude Oil Consumption. Crude Prices Are Falling And We See WTI Below US$65/b As Likely This Month.

Josef Schachter

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 (SER) 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 … Read more

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NDP platform hikes taxes with no plan to balance the budget

Canadian Taxpayers Federation

OTTAWA, ON: The Canadian Taxpayers Federation is criticizing the New Democratic Party’s platform commitments, which would raise taxes and doesn’t have a plan to balance the budget. “Even with all of these damaging tax hikes, the NDP still doesn’t have a plan to balance the budget,” said Franco Terrazzano, Federal Director with the CTF. “The NDP … Read more

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Schlumberger withdraws from major oil conference amid rising COVID-19 cases

The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson/File Photo HOUSTON, Aug 12 (Reuters) – Top oilfield services firm Schlumberger NV (SLB.N) on Thursday said it had withdrawn staff from next week’s Offshore Technology Conference (OTC), which typically attracts at least 60,000 attendees to Houston, citing the area’s rise … Read more

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Trudeau planning snap election, seeks approval for COVID response

OTTAWA, Aug 12 (Reuters) – Canadian Prime Minister Justin Trudeau is planning a snap election for Sept. 20 to seek voter approval for the government’s costly plans to combat COVID-19, four sources familiar with the matter said on Thursday. Trudeau is set to make the announcement on Sunday, said the sources, who requested anonymity given … Read more

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Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three and Six Months Ended June 30, 2021

Calgary, Alberta–(Newsfile Corp. – August 11, 2021) – Storm Resources Ltd. (TSX: SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at June 30, 2021 and for the three and six months then ended along with Management’s Discussion and Analysis (“MD&A”) for the same period. This information appears on SEDAR at www.sedar.com and … Read more

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NXT Energy Solutions Announces Second Quarter 2021 Results

August 12, 2021 CALGARY, Alberta, Aug. 12, 2021 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) today announced the Company’s financial and operating results for the quarter ended June 30, 2021. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Q2 Financial and Operating Highlights … Read more

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Razor Energy Corp. Announces Closing of Strategic Light Oil Consolidation Acquisition in Swan Hills, and FutEra Power Corp. Adoption of a Stock Option Plan

CALGARY, Alberta, Aug. 12, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce that it has closed its acquisition of certain non-operated working interest assets in its Swan Hills, Alberta core region (the “Assets”) for a total purchase price of $5 million cash, subject to certain closing … Read more

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STEP Energy Services Ltd. Reports Second Quarter 2021 Results

Step Energy Services Feature

August 11, 2021  CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) —  STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and … Read more

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Long-time energy partners Irving Oil and TC Energy strike a made-in-Canada agreement focused on reducing emissions and creating new value

August 12, 2021 CALGARY, Alberta, Aug. 12, 2021 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and privately held Irving Oil have signed a memorandum of understanding (MOU) to explore the joint development of a series of proposed energy projects focused on reducing greenhouse gas emissions and creating new … Read more

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Petrus Resources Announces Second Quarter 2021 Financial & Operating Results

August 11, 2021  CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and six months ended June 30, 2021. Petrus is focused on generating free cash flow for debt repayment and further development … Read more

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Questerre reports second quarter 2021 results

August 11, 2021    THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the second quarter … Read more

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Prairie Provident Resources Announces Second Quarter 2021 Financial and Operating Results

August 11, 2021  CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) today announces our financial and operating results for the three and six months ended June 30, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2021 and related … Read more

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Pieridae Releases Q2 2021 Results

August 12, 2021   NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES Inaugural ESG Report Released Reconfigured LNG Options Being Considered Key Highlights: Natural gas production of 194 mmcf/day in the quarter Total production of 38,404 boe/day Petroleum and natural gas revenue of $71.4 million, an increase of $17.1 … Read more

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Canada natgas prices drop at Alberta AECO hub on pipe work

Natural Gas

Canadian natural gas prices at the AECO hub in Alberta dropped by the most this week in almost two years as pipeline maintenance prevented some gas from flowing out of the region. Aug 12 (Reuters) – Canadian natural gas prices at the AECO hub in Alberta dropped by the most this week in almost two years as … Read more

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OPEC sticks to oil demand view despite virus, sees more U.S. shale coming

OPEC+ With Russia

Summary Keeps 2021 demand growth forecast at 5.95 mln bpd OPEC July output rises 640,000 bpd as Saudi voluntary cut ends Raises non-OPEC supply forecast, sees more shale growth in 2022 Cuts expected demand for OPEC crude next year by 1.1 mbpd LONDON, Aug 12 (Reuters) – OPEC on Thursday stuck to its prediction of … Read more

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Oil Steady While Traders Weigh Impact of Delta Variant on Demand

Oil Prices

Aug 12, 2021 (Bloomberg) Oil steadied after a two-day advance as traders tried to assess how the latest virus wave will impact world fuel demand during the rest of the year. Futures in New York traded near $69 a barrel after rising more than 4% over the previous two sessions. The International Energy Agency cut its … Read more

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IEA Cuts Oil Demand Outlook on Virus, Sees Surplus in 2022

Aug 12, 2021 (Bloomberg) The International Energy Agency cut forecasts for global oil demand “sharply” for the rest of this year as the resurgent pandemic hits major consumers, and predicted a new surplus in 2022.It’s a marked reversal for the Paris-based agency, which just a month ago was urging the OPEC+ alliance to open the taps or risk … Read more

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With New Urgency, Climate Scientists Recommend Carbon Removal

Aug 12, 2021 (Bloomberg) The latest scientific assessment from the United Nations Intergovernmental Panel on Climate Change generated plenty of grim headlines on Monday, but at least one of its most important findings went largely unremarked upon. Cutting emissions is paramount, they say—but in order to keep warming below catastrophic levels, we now must also find a way … Read more

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Despite Being World’s 4th Largest Oil Producer, Majority of Crude Oil Demand in Canada is Met via the United States

Interplay of geography and demand underpins energy interdependency between the two countries, IHS Markit report says August 11, 2021 CALGARY, Alberta–(BUSINESS WIRE)–Canadian oil production is more than two and half times domestic demand, yet the majority of crude oil demand in the country arrives via the United States, according to a new analysis by IHS … Read more

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Trudeau Government Spends Billions on Unnecessary ‘Climate’ War – Fraser Institute

Includes $3.3 million in public spending to help educate 300,000 children aged six to 12 about climate change and spur them into climate activism. They are intent on raising, it seems, an army of little Greta Thunbergs. Appeared in the Calgary Sun, August 11, 2021 In the year before the pandemic, many people will recall, … Read more

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Bonterra Energy Corp. Announces Second Quarter 2021 Results

CALGARY, AB, Aug. 11, 2021 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces its operating and financial results for the three and six month periods ended June 30, 2021. The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and on Bonterra’s website at www.bonterraenergy.com. … Read more

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Birchcliff Energy Ltd. Announces Increased 2021 Adjusted Funds Flow and Free Funds Flow Guidance, Reduced Total Debt Guidance and Q2 2021 Financial and Operational Results

August 11, 2021 CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is proud to announce its financial and operational results for the three and six months ended June 30, 2021. “Birchcliff had an excellent second quarter in 2021, with solid average production of 75,265 boe/d which … Read more

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Peyto Reports Second Quarter 2021 Results

CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the second quarter of the 2021 fiscal year. A 59% Operating Margin (1) and a 9% Profit Margin (2) in the quarter delivered a 6% Return on Capital and a 6% Return … Read more

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Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three and Six Months Ended June 30, 2021

Calgary, Alberta–(Newsfile Corp. – August 11, 2021) – Storm Resources Ltd. (TSX: SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at June 30, 2021 and for the three and six months then ended along with Management’s Discussion and Analysis (“MD&A”) for the same period. This information appears on SEDAR at www.sedar.com and … Read more

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U.S. Pleas for More Oil Production: Statement from Alberta Minister of Energy Sonya Savage

Minister of Energy Sonya Savage issued the following statement in response to the White House calling on OPEC+ to boost oil production: “The Biden administration pleading with OPEC to increase oil production to rescue the United States from high fuel prices months after cancelling the Keystone XL pipeline smacks of hypocrisy. “Keystone XL would have … Read more

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InPlay Oil Corp. Announces Second Quarter 2021 Financial and Operating Results Highlighted by Record Production and Increased Production and Funds Flow Guidance

CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for … Read more

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Journey Energy Inc. Reports Its Second Quarter 2021 Financial and Operating Results

CALGARY, AB, Aug. 10, 2021 /CNW/ – Journey Energy Inc. (TSX: JOY) (“Journey” or the “Company“) announces its financial and operating results for the three and six month periods ending June 30, 2021. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2021 and 2020 are posted on www.sedar.com and on the Company’s website www.journeyenergy.ca. 2021 … Read more

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Carbon Capture: Sunrise or another false dawn for technology to bury emissions?

LONDON, Aug 11 (Reuters) – A surge in markets that put a price on planet-warming emissions could make technology to capture and sequester carbon dioxide commercially viable after decades of false starts. A report by the United Nation’s Intergovernmental Panel on Climate Change (IPCC) on Monday made clear the world would face catastrophic consequences if … Read more

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U.S. calls on OPEC and its allies to increase oil production

OPEC+ With Russia

Aug 11 (Reuters) – President Joe Biden’s top aides are pressuring OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices that they see as a threat to the global economic recovery. Biden’s national security adviser Jake Sullivan criticized the world’s major oil producers, including Saudi Arabia, for what … Read more

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Climate Report Exposes Fault Lines Within Fossil Fuel Industry

Aug 10, 2021 (Bloomberg) The response from fossil fuel companies to the long-awaited United Nations-backed report on climate change is exposing deep-seated divisions within the industry on how to deal with the global threat.The publication of the scientific assessment on Monday gives a stark account of the challenges posed by rising temperatures. It calls for dramatic measures to … Read more

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Oil Falls After U.S. Calls on OPEC+ to Boost Production

Oil Prices

Aug 11, 2021 (Bloomberg) Oil dropped suddenly after the U.S. called on the OPEC+ alliance to revive production more quickly.Futures tumbled as much as 1.8% in New York after National Security Adviser Jake Sullivan said current plans to boost output weren’t sufficient. The world’s largest oil-consuming nation has seen gasoline prices firmly above $3 a gallon in recent … Read more

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How to Sell ‘Carbon Neutral’ Fossil Fuel That Doesn’t Exist

Aug 10, 2021 (Bloomberg) – The junior traders at TotalEnergies SE were essentially winging it last September by orchestrating the French energy giant’s first shipment of “carbon-neutral” natural gas. It’s the greenest-possible designation for fossil fuel and an important step in making the company’s core product more palatable in a warming world. Nailing down the deal involved … Read more

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Indigenous Group Seeks Trans Mountain Stake After Keystone Death

By Robert Tuttle Aug 10, 2021 (Bloomberg) Natural Law Energy, the Canadian indigenous group that sought a stake in the now defunct Keystone XL pipeline, has shifted its focus to owning part of the Trans Mountain oil sands pipeline to the Pacific. The group is participating in meetings with the Canadian government and has spoken with Project Reconciliation, another … Read more

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

August 11, 2021  CALGARY, Alberta, Aug. 11, 2021 (GLOBE NEWSWIRE) — (PIPE – TSX) — Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its Q2 2021 financial and operational results, as well as provide an update on its operations. During Q2 2021, Pipestone delivered record quarterly production and cash flow, underpinned by the continued … Read more

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XI Technologies: M&A Snapshot – Spartan Delta Corp. and Velvet Energy Ltd.

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

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WATCH: Global Energy Show 5×5 – Jeanette Jackson, CEO, Foresight Canada

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Jeanette Jackson, CEO of Foresight Canada, discusses supporting industry to launch, commercialize and scale cleantech innovation on the path to net zero, working with sectors to identify innovation gaps and breaking down silos between stakeholders. Jeanette: “At the end of the day the problem is just too big and too urgent for us not to … Read more

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REGISTER NOW: Redefining Electrical Metals Digital Conference 2021

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This unique forum is centred around the theme of “concept” to “consumer” which draws upon a unique perspective of where & how these metals are discovered, refined and adapted into power sources having been transformed into daily use for the benefit of humanity. Redefining Electrical Metals Virtual Conference is intended to energize our imaginations and … Read more

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Alstar Group Recognized for Commitment to Progressive Aboriginal Relations

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CALGARY, Alberta—(August 11, 2021) – Alstar Group (“Alstar”) is pleased to announce that it has successfully attained Progressive Aboriginal Relations (PAR) Phase 2 Committed status from the Canadian Council for Aboriginal Business (CCAB). The CCAB is a national non-profit that fosters relationships between Indigenous and non-Indigenous people, communities and businesses. “We are honoured to be … Read more

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FREE WEBINAR: Optimize Your Air-To-Fuel Ratio – Insights with Insight – COSA, Thursday, August 12th | 12:00pm MDT

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Insight Analytical Solutions Online Webinar with Phil Harris Join us in our new ongoing webinar series featuring unique products and applications. Optimization of air-to-fuel ratio control with the COSA 9610. The measuring principle of the COSA 9610 Wobbe Index Meter is based on the analysis of residual oxygen content in the flue gas after the combustion … Read more

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Measuring The Level in Delayed Coking Units – Berthold Technologies

The delayed Coker is the only semi-continuous batch process in the refinery, which means that the feed is continuously switched between two drums in a time-based cycle. The fresh feed, usually from the vacuum tower bottoms, is fed to the bottom of the Coker fractionation tower to help pre-heat the feed and mixed with the … Read more

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Trudeau’s “Just Transition” – Are Canadians Ready to Transition to a Lower Standard of Living? – Stewart Muir

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By Stuart Muir https://www.resourceworks.com/just-transitions If we’re serious about both climate change and having a functioning economy, great care will be needed in crafting “just transition” imperatives. Stewart Muir explains why. With the federal government now talking about “just transition” as a legislative and policy framework for re-doing the Canadian economy, anyone with a point of … Read more

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Industry Collaboration Sets Canada Apart Within the Global Oil Business

COSIA partnerships drive environmental performance and innovation in the oil sands By Brittany Elves  on August 9, 2021 Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter COSIA members tour the Alberta Carbon Conversion Technology Centre. Photo courtesy COSIA In the race to innovate to reduce greenhouse gas emissions and … Read more

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Gas prices will depend on Delta variant’s effect on economy

Gas Pump

A gas price analyst says prices at the pump will largely depend on how the Delta variant of COVID-19 plays out in the North American economy.
Dan McTeague, president of Canadians for Affordable Energy, says the variant has caused concern around demand…

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A Matter of Fact: Canadian Oil and Gas on Board with Slashing Emissions

Flawed UN report ‘appears to have an apocalypse bias’ By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Cenovus Energy The varied future scenarios in the new report by the United Nations Intergovernmental Panel on Climate Change (IPCC) fuse into one conclusion – society needs to move … Read more

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Freehold Royalties Ltd. Announces Second Quarter 2021 Results, Three Value Enhancing Acquisitions and Increases Dividend by 25%

CALGARY, Alberta, Aug. 10, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces second quarter results for the period ended June 30, 2021. Operating and Financial Highlights Three Months Ended June 30 Six Months Ended June 30 FINANCIAL ($000s, except as noted) 2021 2020 Change 2021 2020 Change Royalty and other revenue … Read more

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Ksi Lisims LNG – Natural Gas Liquefaction and Marine Terminal Project – Public Comment Period & Virtual Information Sessions

OTTAWA, ON, Aug. 10, 2021 /CNW/ – Nisga’a Nation, Rockies LNG Limited Partnership and Western LNG LLC are proposing to jointly develop a floating natural gas liquefaction facility and marine terminal located at Wil Milit on Pearse Island on the northwest coast of British Columbia. The Ksi Lisims LNG – Natural Gas Liquefaction and Marine Terminal Project would produce up … Read more

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50-50 Raffle to Support the Women’s Centre of Calgary – Calgary Women in Energy

Get Your 50-50 Raffle Tickets HERE Calgary Women in Energy (CWIE) is excited to announce the 2021 Annual Charity Golf Tournament’s 50/50 fundraiser! – Grab your tickets now!  Funds raised by this raffle will support the Women’s Centre of Calgary whose mission is to be every women’s place for support, connections and community. Covid has … Read more

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Billboard campaign sounds alarm over $1,000,000,000,000 federal government debt

Canadian Taxpayers Federation

TORONTO, ON: The Canadian Taxpayers Federation is launching a cross-country billboard and social media campaign to warn Canadians about the federal government’s $1-trillion debt. “Deficit spending is out of control and we’re pushing politicians to be honest about how they’re going to pay back the $1-trillion debt,” said Franco Terrazzano, Federal Director with the Canadian Taxpayers … Read more

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Copper Tip Welcomes NP219 to the Fleet! She’s a Beauty! See Her HERE:

  Copper Tip is happy to add this beauty to our fleet of exceptional equipment. The past year has proven challenging for everyone but we are happy to be moving forward with optimism and excited to see what the road ahead leads too. Welcome NP219. She needs a nickname! What would you call her? Leave … Read more

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Oil Rebounds From Three-Week Low as Recovery Withstands Delta

Oil Prices Up

Aug 10, 2021 (Bloomberg) Oil rebounded from a three-week low on expectations that the global economic recovery will withstand the latest virus onslaught, even as it takes a toll on fuel demand.Futures climbed toward $68 a barrel in New York, recovering in concert with other commodities, after tumbling almost 4% over the past two sessions. The … Read more

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China Is Redrawing the World’s Energy Map – Is the Rest of the World Ready?

By Clara Ferreira Marques  Aug 9, 2021 (Bloomberg Markets) China’s outsize energy needs and its reliance on overseas suppliers have underpinned its foreign policy for decades. Now those needs are changing. The planet’s largest oil and coal importer wants to become greener and more self-reliant and has already taken strides toward those goals. The rest of the world … Read more

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Canada Opens Call for Studies on Carbon Capture Technologies

Natural Resources Canada  Aug 09, 2021 OTTAWA, ON, Aug. 9, 2021 /CNW/ – Developing clean technologies will drive our economy, lower emissions and create jobs. Through advancing clean technologies like carbon capture, utilization and storage (CCUS), the government is committed to building a clean energy future and achieving net-zero emissions by 2050. The Honourable Seamus O’Regan Jr., … Read more

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Activist Opposition to Carbon Capture – When It’s No Longer About the Environment

by Canada’s Energy Citizens – Read More Articles HERE Earlier this month, a collection of activist organizations from across North America published an open letter calling on our political leaders to ‘reject carbon capture and storage as a false solution to the climate crisis’. The reality however, is that Carbon Capture Utilization and Storage (CCUS) is a … Read more

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U.S. Permian Basin Gets Vote of Confidence With Infrastructure Plan

Aug 9, 2021 (Bloomberg) The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling.The Permian Basin, which straddles West Texas and New Mexico, has grown over the past decade to produce more oil than Iraq. But it … Read more

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Eliminating Black Powder Contaminants — Interview with Black Powder Solutions

Geoffrey Cann

By Geoffrey Cann You might think that black powder is gun powder, but you’d be wrong. It’s a nasty industrial contaminant that slowly destroys your industrial equipment. You can remove it through magnetic filtration. Black powder is composed of microscopic bits of metal, stone, rock and minerals that are present in crude oil and natural … Read more

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Leaders, activists alarmed, not surprised by climate report

A U.N.-appointed panel of experts said Monday that the Earth is getting so hot that temperatures in about a decade will probably blow past the most ambitious threshold set in the Paris accord. That increases the risk of extreme weather and long-term climate-related disasters. The Paris agreement called for limiting temperature increases to well below 2 … Read more

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Brookfield Infrastructure extends Inter Pipeline takeover offer to Aug. 20

CALGARY — Brookfield Infrastructure Partners LP has extended its takeover offer for Inter Pipeline Ltd. to Aug. 20.
The company has offered $20 in cash or 0.25 of a class A exchangeable subordinated voting share of Brookfield Infrastructure per Inter …

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The Upcoming Wave of Unaccounted For Solar Waste – ENERGYminute

See More from ENERGYminute HERE   Courtesy of ENERGYminute Much like Ron Burgundy with his many leather-bound books, solar has become kind of a big deal. In 2020 alone, solar capacity growth made up the lion’s share of renewable growth at 43 percent of electric capacity added to the grid. But as with anything nice in this world, it often … Read more

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Analysis: Winter is coming: temperature extremes fuel global gas rally

Natural Gas

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato/File Photo Summary Benchmark Dutch gas prices at record highs Asian LNG prices at 8-year seasonal high European gas storage at 50-60% capacity, down from 80% SINGAPORE, Aug 6 (Reuters) – Global … Read more

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Oil Tumbles to Three-Week Low as Virus Spread Menaces Outlook

Oil Prices

Aug 9, 2021 (Bloomberg) Oil plunged to a three-week low, extending losses after the worst week since October, as the resurgence of Covid-19 threatened the outlook for fuel demand.Futures fell below $66 a barrel in New York after sliding almost 8% last week. The flare-up has led Goldman Sachs Group Inc. to downgrade its economic growth forecast for … Read more

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Perpetual Energy Inc. Announces Filing of Information Circular for the Plan of Arrangement Involving Rubellite Energy Inc.

CALGARY, AB, Aug. 5, 2021 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to announce the management information circular (the “Information Circular”) with respect to the previously announced Plan of Arrangement involving Rubellite Energy Inc. (“Rubellite”) has been filed on SEDAR at www.sedar.com. On July 16, 2021, Perpetual announced the creation of Rubellite, approximately $73 million in equity financings, … Read more

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TransGlobe Energy Corporation Announces Second Quarter 2021 Financial and Operating Results for the Three and Six Months Ended June 30, 2021

August 06, 2021 AIM & TSX: “TGL” & NASDAQ: “TGA” This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Aug. 06, 2021 (GLOBE NEWSWIRE) — TransGlobe … Read more

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U.S. drillers add oil and gas rigs for fifth week in six -Baker Hughes

Aug 6 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the fifth time in six weeks although growth in the rig count over the past few months has slowed as drillers continue to focus on capital discipline despite firmer oil prices. The oil and gas rig count, an early … Read more

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CASE STUDY: Vanguard Wireless Gas Detector Plant Expansion success story

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INDUSTRY Industrial Process Facilities SOLUTION Fast Deployment for Plant Expansion Key Results Install completed in days, not months Leveraged existing WiHART network Realized savings of over $400K Challenge A major O&G company purchased a tank farm that adjoined their refinery. The acquired asset did not have adequate fence line monitoring and needed to be brought … Read more

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Sales Strategies To Maximize Your Industrial Tradeshow Investment – KO Advantage Group

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The Global Energy Show (GES) is quickly approaching and it’s in person!  It’s a sign of the times – COVID is finally coming to an end. After a year and a half of online selling, going to in-person selling can feel like putting on some slippers at the end of the day. Comfortable. Something you … Read more

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roundLAB Inc. is excited to welcome Stanley Johnson to the team!

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Based in Houston, Stanley Johnson is leading roundLAB Business Development for all US basins. Stanley holds a Bachelor of Science in both Industrial Technology and Business Marketing from the University of Louisiana at Lafayette (UL), underpinning his extensive 35 years in the Directional Drilling business. He started his career at Sperry-Sun Drilling services as a Field Engineer, … Read more

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The BaaS Revolution is Upon Us: Business-as-a-Service Will Impact the Energy Industry

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What is Business-as-a-Service? As energy companies look at scaling their operations and starting new projects, strategic decisions around how to manage this growth will be essential for success. Forefront among decision makers should be leveraging Businesses-as-a-Service (BaaS) solutions, the successor of Software-as-a-Service (SaaS). Many people are familiar with the term SaaS, which became ubiquitous in … Read more

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Globe and Mail Misrepresents Canada’s LNG Opportunity – Deborah Jaremko

Conclusions do not reflect realities of global LNG markets By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter An LNG tanker loads at the Prigorodnoye production complex on Russia’s Sakhalin Island on July 13, 2021. Getty Images photo The Globe and Mail’s editorial board published a column … Read more

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Intrusion technology for a changing world today, and tomorrow

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Security plans for critical infrastructure facilities differ from site to site depending on the complexity of the location. At a time where resources are limited, when it comes to personnel what are some solutions you can implement to ensure you know what’s happening in and around your perimeters? Let’s take for example a safety issue … Read more

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Canada Weekly Rig Count Up 3 for Week Ending August 6, 2021

Canada’s drilling rig count is up 3 active drilling rigs according to data collected by Baker Hughes for the week ending August 6, 2021. From one week ago, Alberta rig counts increased 2 to 102 and the Saskatchewan rig counts stayed at 29. Oil drilling increased 2 to 95 and gas increased 1 to 60.

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Canada Inc. Braces for Election With Call for Growth Policies

Aug 7, 2021 (Bloomberg) Canadian executives are bracing for an election that Prime Minister Justin Trudeau is expected to call within weeks. Their concern isn’t what the political leaders will say on the campaign trail. It’s what they won’t.There’s a growing chorus of prominent Canadians who say the nation’s major political parties are neglecting economic growth … Read more

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Line 3 pipeline opponents file suit on behalf of wild rice

By Staff  The Associated Press FILE – In this June 29, 2018 file photo, pipeline used to carry crude oil is shown at the Superior terminal of Enbridge Energy in Superior, Wis. AP Photo/Jim Mone Opponents of Enbridge’s Line 3 oil pipeline replacement across northern Minnesota are taking a novel legal approach to try to halt construction … Read more

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The Different Potential Energy Scenarios of the Next Decade – ENERGYminute

by Michelle Heath and Aaron Foyer See More from ENERGYminute HERE Aug 5th 2021 | Coal, Electricity, Emissions, Energy, Hydro, Nuclear, Oil & Gas, Renewable Energy The IEA, founded in 1974, has adapted its mandate (initially focused on fossil fuels) and its World Energy Model (WEM) scenarios to reflect changes in requirements for global energy and the impact on climate change. World Energy Model Overview Though … Read more

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COMING SEPT 9th! – REGISTRATION NOW OPEN: CAOEC Golf Tournament

Canadian Association Of Energy Contractors

Register now for the CAOEC Golf Tournament! We are excited to invite members to our first in-person event in nearly two years. The golf tournament provides an opportunity to reconnect and wind down the summer season while celebrating our accomplishments from the past year, and the association’s updated mandate. Cost per ticket: $200.00 (including tax) … Read more

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Pembina Q2 revenues climb on elevated commodity prices while profit dips

CALGARY — Pembina Pipeline Corp. says its net profit dipped in the second quarter despite higher total revenues as elevated commodity prices drove up volumes on its pipeline systems and facilities.
The Calgary-based company says its net income was $25…

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Inter Pipeline Q2 profit more than doubles to $145.5 million on revenue boost

CALGARY — Inter Pipeline Ltd. says its net profit more than doubled in its latest quarter as revenues increased 30 per cent.
The Calgary-based pipeline firm reported after markets closed Thursday that it earned $145.5 million or 34 cents per share in…

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Headwater Exploration Inc. Announces Second Quarter Operating and Financial Results, Operations Update and Increased 2021 Guidance

CALGARY, AB, Aug. 5, 2021 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial 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 the unaudited condensed interim financial statements and the related management’s discussion and … Read more

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Saudi may have a super-green future after all

Rob Cox A Saudi man looks at a solar plant in Uyayna, north of Riyadh, Saudi Arabia, April 10, 2018. REUTERS/Faisal Al Nasser ZURICH, Aug 5 (Reuters Breakingviews) – Something funky happened in Naples the other day, which is saying a lot for the magically chaotic city loomed over by tempestuous Mount Vesuvius. No, it … Read more

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Canadian Natural sets new emission goals after profit beat

Aug 5 (Reuters) – Oil producer Canadian Natural Resources (CNQ.TO) on Thursday set new environmental targets after it beat market estimates for second-quarter profit, buoyed by higher oil prices, which rebounded from pandemic-driven lows. Cash-rich Canadian oil sands producers have come under pressure to meet the country’s goal on energy transition and top companies, including Canadian … Read more

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Oil Heads for Worst Week Since March as Delta Ravages Outlook

Aug 6, 2021 (Bloomberg) Oil headed for the biggest weekly loss since March as the spread of the delta coronavirus variant, particularly in key importer China, cast doubt on demand growth.West Texas Intermediate futures rose 0.4% on Friday, but were 6.2% lower for the week. China has imposed a patchwork of increasingly strict restrictions on mobility to fight … Read more

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The Era of Cheap Natural Gas Ends as Prices Surge by 1,000%

Natural Gas Stove

(Bloomberg) The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple effects across the global economy.Natural gas, used to generate electricity and heat homes, was abundant and cheap during much of the last decade amid a boom in supply from the U.S. to Australia. … Read more

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Canada CEO Group Recruits Wilkins, Little for Growth Council

Aug 5, 2021 (Bloomberg) A lobby group that represents the top executives of Canada’s largest businesses is helping to launch a new economic advisory council with high-profile names from the corporate, labor and political worlds, hoping to stimulate ideas that will boost growth and improve living standards. In an initiative being led by the Business Council … Read more

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Keyera Corp. Announces 2021 Second Quarter Results

CALGARY, AB, Aug. 5, 2021 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced its 2021 second quarter financial results today, the highlights of which are included in this news release. To view the MD&A and financial statements, visit either Keyera’s website or Keyera’s filings on SEDAR at www.sedar.com. Second Quarter Financial Highlights VIEW PDF Keyera Corp. Announces 2021 Second … Read more

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Tidewater Midstream and Infrastructure Ltd. Announces Second Quarter 2021 Results and Operational Update

CALGARY, AB, Aug. 5, 2021 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater Midstream” or the “Corporation“) (TSX: TWM) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A“) for the three and six month periods ended June 30, 2021. SECOND-QUARTER 2021 FINANCIAL PERFORMANCE Highlights Tidewater Midstream delivered another record quarter of … Read more

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Kelt reports financial and operating results for the three and six months ended June 30, 2021

Calgary, Alberta – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) reports its financial and operating results to shareholders for the three and six months ended June 30, 2021. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended June 30 Six months ended June 30 (CA$ thousands, except as otherwise indicated) … Read more

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Pembina Pipeline Corporation Reports Results for the Second Quarter 2021 and Updates 2021 Guidance

All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”); cash flow from operating activities per common share; adjusted cash flow from operating activities; … Read more

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Enerplus Announces Second Quarter 2021 Results; Increases Dividend by 15%

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

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Inter Pipeline Reports Second Quarter 2021 Financial and Operating Results

CALGARY, AB, Aug. 5, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) announced its financial and operating results for the three and six-month periods ended June 30, 2021. Related Documents VIEW PDF Inter Pipeline Reports Second Quarter 2021 Financial and Operating Results (CNW Group/Inter Pipeline Ltd.) Q2 2021 Heartland Petrochemical Complex (CNW Group/Inter Pipeline … Read more

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Parkland delivers strong second quarter financial and operating results with Adjusted EBITDA of $322 million

August 05, 2021  CALGARY, Alberta, Aug. 05, 2021 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) today announced its financial and operating results for the three months ended June 30, 2021 (“Q2 2021”), raised its full-year 2021 Adjusted EBITDA Guidance to $1.25 billion +/- 5 percent, and lowered its 2021 Capital … Read more

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A Matter of Fact: Opponents of Line 5 ignore safety record and planned improvements for critical pipeline

Pipeline operating for 68 years in the Straits of Mackinac without a single spill, $500-million tunnel to ensure further protection By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Strait of Mackinac Bridge in northern Michigan. The Line 5 pipeline has been operating safely in the … Read more

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ENERGY INNOVATORS – Read About Some of the Advancements From Leading Energy Innovators

    EZOPS Article: Leading Oil and Gas Producer Overhauls Field Operations and Sees OPEX Drop 18% – See the Case Study Black Powder Solutions Article: Black Powder Solutions’ Technology assists in reducing methane gas leakage, ESG risks, and OPEX Site.Work Article: Digitalization creates collaboration and efficiency throughout the Supply Chain Data Scavenger Inc. Article: … Read more

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Schachter’s Eye on Energy: WTI Breaches US$70/b (Down US$1.72/b Today To US$68.84/b) As Crude Supplies Rise And Demand Stalls Due To ‘Delta’ Spread. It Is Likely That WTI Wil Breach US$65/b Later This Month.

Josef Schachter

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 (SER) 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 … Read more

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Canadian Natural profit beats estimates on crude price rebound

Pipelines at Canadian Natural Resources Limited’s (CNRL) Primrose Lake oil sands project are seen near Cold Lake, Alberta August 8, 2013. REUTERS/Dan Riedlhuber/File Photo Aug 5 (Reuters) – Oil producer Canadian Natural Resources (CNQ.TO) on Thursday posted a better-than-expected profit for the second quarter, buoyed by higher oil prices, which rebounded from pandemic-driven lows. Oil and gas … Read more

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Europe Faces an Energy Shock After Gas and Power Prices Rocket

Aug 4, 2021 (Bloomberg) After lockdowns forced Basel Hamzeh to close his cafe in a trendy Berlin neighborhood for months, the 53-year-old is confronting a fresh crisis: high energy bills.The cost of natural gas and electricity has surged across Europe, reaching records in some countries, as businesses re-open and workers return to the office. In Germany, … Read more

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Oil Fluctuates as Rising Equities Offset Delta’s Spread

Aug 5, 2021 (Bloomberg) Brent crude fluctuated after sliding below $70 a barrel for the first time in two weeks, as traders weighed the continuing spread of the delta variant against strong equity markets.China’s government has imposed fresh curbs on travel to combat the highly infectious strain of the coronavirus. Meanwhile in the U.S., oil inventories … Read more

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Paramount Resources Ltd. Reports Second Quarter 2021 Results and Announces August Dividend

Aug 04, 2021 HIGHLIGHTS VIEW PDFParamount Resources Ltd. Reports Second Quarter 2021 Results and Announces August Dividend (CNW Group/Paramount Resources Ltd.) Sales volumes averaged 79,995 Boe/d (43 percent liquids) in the second quarter of 2021, ahead of the Company’s guidance of 77,000 Boe/d to 78,000 Boe/d (42 percent liquids), driven by continued outperformance at Karr.(1) … Read more

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Line 3 Pipeline to be in Service by End of Year, Despite Legal Challenges

CALGARY – Enbridge Inc.’s Line 3 pipeline replacement is on track to be in service by the end of the year despite ongoing protests and recent court challenges, the Calgary-based company said Friday. The $9.3-billion project – which is expected to add about 370,000 barrel per day of crude oil export capacity from Western Canada … Read more

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Pine Cliff Energy Ltd. Announces Second Quarter 2021 Results, Partial Repayment of Term Debt and Update on Drilling Program

Calgary, Alberta–(Newsfile Corp. – August 4, 2021) –  Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) is pleased to announce the filing of its second quarter financial and operating results. Included in the filings were Pine Cliff’s unaudited interim condensed consolidated financial statements and related management’s discussion and analysis for the three … Read more

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Canadian Natural Resources Limited Announces 2021 Second Quarter Results

Calgary, Alberta–(Newsfile Corp. – August 5, 2021) – Commenting on the Company’s second quarter 2021 results, Tim McKay, President of Canadian Natural (TSX: CNQ) (NYSE: CNQ) stated, “Canadian Natural is in a strong position as our vast and diverse asset base delivered strong operational and financial results in Q2/21, as we achieved production volumes of … Read more

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Parex Announces Q2 2021 Results: Generates Significant Free Cash Flow and Implements Quarterly Dividend

CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta that focuses on sustainable, conventional oil and gas production, is pleased to announce its unaudited financial and operating results for the three months ended June 30, 2021 (“Second Quarter” or “Q2”). All amounts herein are … Read more

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Crew Energy Inc. Announces Second Quarter 2021 Results Highlighted by a 451% Increase in Adjusted Funds Flow, Updated 2021 Guidance and Release of Inaugural ESG Report

  CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR) (“Crew” or the “Company”) is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2021, and the release of our inaugural Environmental, Social and Governance (“ESG”) Report. Crew’s Financial Statements and Notes, … Read more

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

CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce financial and operating results for the three and six months ended June 30, 2021, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development.   This was … Read more

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A “Just Transition” for Canada’s Massive Oil and Gas Industry is Impossible – David Yager

Energy export customers already have the electricity a shift to renewables would produce By David Yager Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Rush Lake thermal oil project in southwest Saskatchewan. Photo courtesy Cenovus Energy Build Back Better. Resilient Recovery. Sustainable Development. Great Reset. Besides climate change, … Read more

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Oil Fluctuates as Rising Equities Offset China’s Delta Outbreak

Aug 4, 2021 (Bloomberg) Oil erased earlier declines as improving sentiment in other risk assets countered coronavirus outbreaks in key consumer China.West Texas Intermediate futures traded little changed, having retreated 4.6% in the previous two sessions. Stocks in Europe rose for a third day, shrugging off the threat of the latest spread of the virus. The delta strain … Read more

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Riding High on Vaccines, Trudeau Aims to Restore Ruling Majority

Aug 3, 2021 (Bloomberg) Early in the pandemic, Justin Trudeau looked like a man under siege. Atop a minority government, hiding behind a scruffy Covid beard, Canada’s prime minister called the military into infected retirement homes as hospitals filled and drug producers threw up their hands over vaccines. So it’s all the more remarkable these days … Read more

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Bow Tower, a Symbol of Calgary’s Rise, Is Sold to Chicago Firm

By Ari Altstedter Aug 3, 2021 (Bloomberg) Canadian real estate company H&R Real Investment Trust has sold Calgary’s iconic Bow Tower, cutting its exposure to the office market in the capital of the country’s oil industry. The sale is part of a larger deal that includes a campus outside Toronto used by Canadian telecommunications firm BCE … Read more

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Razor Energy Corp. Announces Strategic Light Oil Consolidation Acquisition in Swan Hills, Alberta Enhancing Oil & Gas, Geothermal Power, Carbon Capture, and Hydrogen Production Opportunities

August 04, 2021 CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce that it has entered into a definitive agreement to acquire certain non-operated working interest assets in its Swan Hills, Alberta core region (the “Assets”) for a total purchase price of $5 … Read more

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Gibson Energy Announces New Tankage at Edmonton Terminal

Gibson Energy Storage

All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, Aug. 3, 2021 /CNW/ – Gibson Energy Inc. announced today it has sanctioned the construction of new tankage at its Edmonton Terminal. “We are pleased to announce the sanction of new tankage at our Edmonton Terminal, extending our pipeline of high-quality, long-term infrastructure growth projects,” … Read more

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Gibson Energy Announces 2021 Second Quarter Results

Gibson Energy

All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, Aug. 3, 2021 /PRNewswire/ – Gibson Energy Inc. announced today its financial and operating results for the three and six months ended June 30, 2021. “We are pleased to report another solid quarter from both an operational and financial perspective, with our Infrastructure segment performing in-line … Read more

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Inter Pipeline Issues Notice of Change Recommending Brookfield Offer and Provides Update on Heartland Petrochemical Complex

CALGARY, AB, Aug. 3, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline” or the “Company”) (TSX: IPL) today announced that it is filing its second notice of change to its Directors’ Circular (the “Notice of Change”) concerning the recommendation of the Inter Pipeline Board of Directors (the “Board”) that shareholders accept the revised takeover offer filed on July 19, 2021 (the … Read more

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WATCH: Global Energy Show 5×5 – Chris Bakker, CEO, Avanti Energy

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Chris Bakker, CEO of Avanti Energy, discusses the growing helium industry in Canada, rising helium prices and what it means for investors, and helium’s place in the energy mix to help Canada reach its target of net-zero by 2050. Chris Bakker: “We’re taking their skills that they’ve built up in finding some of the best … Read more

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XI Technologies: Finding opportunity in the Alberta Inactive Well List

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.  Last week, we profiled Alberta’s Inactive Well List, looking at a six-month snapshot … Read more

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Drilling in the Deep – Geothermal Technologies: ENERGYminute

Courtesy of Quaise Energy See More from ENERGYminute HERE Geothermal technologies have been breaking new ground and touted as a key renewable source to balance out intermittent renewables like wind and solar. The problem is that geothermal currently makes up less than just 1 percent of electricity generation in the United States, and is generally confined to … Read more

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STEP Energy Services Ltd. Extends and Amends Its Credit Facilities

Step Energy Services Feature

August 03, 2021 CALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) is pleased to announce that it has entered into an agreement with its lenders to both extend and amend its credit facilities. The maturity date of STEP’s credit facilities has been extended by 13 months, from June 25, 2022 … Read more

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Gran Tierra Energy Inc. Announces Second Quarter 2021 Results

August 03, 2021 Achieved Second Quarter 2021 Average Total Production of 23,035 BOPD, Up 14% Year-Over-Year Reaffirms 2021 Full-Year Production Guidance of 27,500-28,500 BOPD and Capital Program of $130-150 Million Reaffirms 2021 Full-Year Budget Guidance: Cash Flow2 of $215-235 Million, Free Cash Flow2 of $75-95 Million, EBITDA1 of $265-285 Million Forecasts Second Half 2021 Free Cash Flow2 of $100-120 … Read more

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NXT Energy Solutions Announces R&D Funding for Its SFD® Geothermal Project

August 03, 2021  CALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) is pleased to announce it is receiving advisory services and funding of up to $50,000 from the National Research Council of Canada Industrial Research Assistance Program (“NRC IRAP”) to support the research and … Read more

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Saturn Oil & Gas Inc. Announces Development Drilling Program and Corporate Update

Saturn commences development drilling and workover program in West Central Saskatchewan Warrants from June 2021 equity financings are now listed for trading on the TSX-V as SOIL.WT The board of directors has approved the grant of 12.5 million incentive stock options Calgary, Alberta–(Newsfile Corp. – August 3, 2021) – Saturn Oil & Gas Inc. (TSXV: SOIL) … Read more

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China’s Virus Flare-Up Stokes Oil-Demand Fears

Aug 3, 2021 (Bloomberg) China is renewing restrictions and canceling flights as a Covid-19 resurgence in Asia’s top oil consumer sends jitters across the crude market.Local governments are rushing to close off some cities and townships, while tourists are being turned away from popular sights as authorities seek to halt the fast-spreading delta variant during the … Read more

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Oil Rises With Equities Even as Concerns Over Delta Persist

Aug 3, 2021 (Bloomberg) —Oil reversed earlier losses as sentiment improved in broader markets even though the spread of the delta coronavirus variant, including in the key market of China, continues to pose a risk to demand.West Texas Intermediate futures rose 0.9%, after slumping by the most in two weeks on Monday. Equities in Europe gained on … Read more

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With Time Ticking Down, Hope Is Waning for a Climate Deal

Aug 2, 2021 (Bloomberg) When India failed to show up at climate talks in London last week, the meeting’s British hosts took it as a snub. It was also a stark reminder of how hard it’s going to be for diplomats to pull the global climate back from the brink of disaster, with less than three months … Read more

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U.S. oil & gas rig count falls for first week in eight -Baker Hughes

July 30 (Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in eight weeks, even though the rig count rose for 12 straight months, amid an industry stampede to reward investors with share buybacks instead of boosting production. The U.S. oil and gas rig count, … Read more

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Is Net Zero by 2050 Achievable? Benchmarking the IEA Net Zero by 2050 Scenario – ENERGYminute

by Michelle Heath and Aaron Foyer See More from ENERGYminute HERE Jul 29th 2021 | Coal, Electricity, Emissions, Energy, Oil & Gas, Renewable Energy How does the International Energy Agency’s scenario to reach net-zero emissions by 2050 compare to past energy transitions? The International Energy Agency (IEA) released its Net Zero by 2050 scenario in 2021. Alongside the release, the IEA cautioned that the road to net zero … Read more

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Statement on Line 5: Liberals fail to stand up for Canada’s jobs and energy security – Greg McLean / Gerard Deltell

Ottawa, ON – Greg McLean, Conservative Shadow Minister for Natural Resources, and Gérard Deltell, House Leader of the Official Opposition, issued a statement following the U.S. Secretary of State’s comments on Enbridge Line 5: “Canada’s Conservatives are disappointed that the Trudeau government continues to be absent when it comes to standing up for Canada. “Last week, … Read more

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Poll Finds Canadians Aware and Proud of Their Oil & Gas Sector – Cody Battershill of Canada Action

Cody Battershill Follow on Instagram, Twitter, and Facebook From pipeline protests across the country to attempts at product boycotts in international markets to divestment campaigns on university campuses, it sometimes feels as though Canada’s oil and gas sector is the Rodney Dangerfield of Canada’s economy. No matter what advances are made on abatement of greenhouse … Read more

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Cash Flow after Covid and How Factoring Can Help

factors western logo feature image

As restrictions are lifted and business slowly returns, many companies will find themselves without liquidity. Some or all of their cash reserves will have been used in order to survive through this unprecedented economic shut down. Expenses related to ramping up business after this crisis can quickly eat up all available working capital. Payroll expenses will need … Read more

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ENERGY INNOVATION FEATURE: Endurance Technologies Inc.’s ENDURALLOY® tubulars and components are the industries most trusted product when it comes to mitigating rod wear & erosion during oil and gas production.

Endurance Technologies Inc. Feature Logo 400x270

ENDURALLOY® is a surface engineering thermo-chemical (thermal-diffusion) process, as opposed to many “conventional” coatings, the protective process forms as a new compound through the combined thermo-chemical reaction, diffusion, and high-temperature consolidation processes. As opposed to many conventional coating processes, the diffusion-related bonding provides excellent adhesion of the iron boride layers to the substrate with no … Read more

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Innovative Produced Water Reservoir Bird Deterrent Reduces CapEx by 70%

Integrated Sustainability Feature Logo 400x270

Executive Summary: Lighter, cheaper materials and maintenance costs. Over 75% CapEx savings per pond. Increased bird deterrent efficacy. Oil and gas regulatory requirements within Alberta and British Columbia state that companies must submit waterfowl protection plans as part of their applications for development. These plans include a variety of risk assessments for protecting migrating birds, … Read more

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Petrus Resources Announces Extension to Credit Agreements

July 30, 2021 CALGARY, Alberta, July 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 July 30, 2021 to August 13, 2021. The Company’s second lien term loan provider has … Read more

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Schachter’s Eye on Energy: Current Correction Has Taken Canadian Energy Stocks Down 19% From Mid-June High. More Downside Expected This Fall.

Josef Schachter

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 (SER) 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 … Read more

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Canada Weekly Rig Count Up 4 for Week Ending July 30, 2021

Canada’s drilling rig count is up 4 active drilling rigs according to data collected by Baker Hughes for the week ending July 30, 2021. From one week ago, Alberta rig counts increased 5 to 100 and the Saskatchewan rig counts decreased 2 to 28. Oil drilling stayed at 93 and gas increased 4 to 59.

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Clean hydrogen megaprojects in Alberta could trigger big energy industry expansion

Domestic and export opportunities could boost demand for natural gas and CCS By Deborah Jaremko Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Demand for natural gas from Western Canada could more than double in the coming decades as governments around the world roll out hydrogen strategies to meet … Read more

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FREE WEBINAR – Selection and Maintenance of pH Sensors – August 5th: Details HERE

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Join our partner Mettler Toledo on August 5th at 9:00 AM (MST) to learn about Modernizing your pH Sensor Measurements. Register: https://bit.ly/3ibahZD Despite being a small portion of all field instruments, inline analyzers have traditionally required a large amount of time for maintenance and care. pH sensors are one of the most common types of inline … Read more

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Infinity Métis Corporation and Buffalo Inspection Services form a new Joint Venture

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Fort McMurray, Alberta – Buffalo Inspection Services and Infinity Métis Corporation (a subsidiary of McMurray Métis) are very pleased to announce their recent formation of a Joint Venture – Buffalo Infinity. This new partnership is to provide Non-Destructive Testing (NDT) services in the Regional Municipality of Wood Buffalo (RMWB). Both Buffalo Inspection and Infinity Métis … Read more

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