Calgary, Alberta–(Newsfile Corp. – September 30, 2021) – Cuda Oil and Gas Inc. (TSXV: CUDA) (“Cuda” or the “Company“) previously announced that it had entered into a Share Purchase Agreement (“Agreement“) to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm’s … Read more
September 30, 2021 CALGARY, Alberta, Sept. 30, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTC: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer focused in the world-class Montney play in northeast British Columbia, today announced that the Company will present at the Microcap Rodeo Fall Harvest Investor Conference on October … Read more
NEW YORK (AP) — Brace for a rude surprise on your winter heating bills.
After years of unusually inexpensive levels, the price of natural gas in the United States has more than doubled since this time last year. In Europe and Asia,…
Sep 30, 2021 (Bloomberg) Two of Big Oil’s biggest players dropped their long-term energy outlooks this week: French energy company TotalEnergies and the Organization of the Petroleum Exporting Countries. They offer quite different visions of the world 25 years from now. The European energy major sees a future driven by technology and policy; the cartel presents a vision that … Read more
Sep 30, 2021 (Bloomberg) Oil traded below $74 as the potential boost to demand caused by the global energy crunch was weighed against the impact of the crisis on the wider economy.Futures in New York pared earlier gains as the dollar erased losses, making commodities priced in the currency less attractive. Thursday marks both the end … Read more
Alex Beard, head of oil at trading firm Glencore, looks on during an interview in Tlalnepantla, state of Mexico, Mexico, August 17, 2017. REUTERS/Ginnette Riquelme/File Photo Summary Beard’s fund to invest in UK battery storage Batteries can cushion shocks and help power trading UK facing energy crisis LONDON, Sept 30 (Reuters) – Alex Beard is … Read more
A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North Dakota January 21, 2016. REUTERS/Andrew Cullen Summary Demand growth seen at 5-6 mbpd in 2021, 3.5-5 mbpd in 2022 OPEC+ will be cautious in adding barrels – analyst For a table of crude price forecasts, click Sept … Read more
Sep 29, 2021 (Bloomberg) Countries committed to net-zero emissions are increasingly looking to hydrogen as a key part of their energy plans, a transition that Wednesday’s Bloomberg H2 Road to Net Zero conference in Milan will examine. The trend is already driving a surge in hydrogen-related technology sales, with global installations of electrolyzers, the hardware needed to … Read more
Sep 29, 2021 (Bloomberg) The world needs more mines to meet demand for copper and other battery metals required to shift to less polluting energy sources — even if such moves are seen as environmentally unappealing, according to Hudbay Minerals Inc. financial chief.Any credible prognosis shows that copper faces a structural deficit of five to seven … Read more
Sept 29 (Reuters) – Abu Dhabi National Energy Co has hired advisors to sell all its oil and gas producing assets in Canada as part of a drive to reduce its carbon footprint, sources familiar with the matter told Reuters on Wednesday. IHS Markit analysts estimated that the state-backed firm’s Canadian assets could fetch as … Read more
The Enbridge Tower is pictured on Jasper Avenue in Edmonton August 4, 2012. REUTERS/Dan Riedlhuber/File Photo CALGARY, Alberta, Sept. 29 (Reuters) – Enbridge Inc (ENB.TO) said on Wednesday its Line 3 pipeline would be operational from Oct. 1, marking the completion of a long-delayed replacement project that would increase the capacity of crude deliveries from Canada to … Read more
Sep 29, 2021 (Bloomberg) Indian motorists will struggle to move away from gasoline- and diesel-powered cars over the next quarter of a century, suggesting the nation’s push toward as electric vehicles may not be a complete success, OPEC said.Diesel and gasoline will make up 58% of India’s oil demand in the next 25 years, from 51% … Read more
Sep 29, 2021 (Bloomberg) The unprecedented spike in European Union energy prices is amplifying concerns about public support for the world’s most ambitious climate reform and reshaping agendas for key political meetings.The crisis is set to be debated by environment ministers on Oct. 6 following Poland’s call to carefully consider its impact on a planned green economic overhaul, … Read more
A sign informs customers that fuel has run out at a petrol station in Hemel Hempstead, Britain, September 29, 2021. REUTERS/Matthew Childs/File Photo Sept 29 (Reuters) – Gasoline stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, … Read more
September 29, 2021 CALGARY, Alberta, Sept. 29, 2021 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSXV: MAH) (OTCQB: MKSEF) (“Marksmen” or the “Company”) announces that it has completed the first closing of its previously announced non-brokered private placement of units (the “Units”) of Marksmen (the “Offering”). The Company issued 5,920,000 Units at a price of $0.06 per Unit … Read more
Our team is a group of skilled professionals who bring experience and expertise to all areas of land acquisition and management. FEATURE SERVICE: Surface Land Management Our Surface Land division specializes in both private and public freehold leasings and provides comprehensive freehold land management services. This includes everything from the application process through to managing … Read more
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESREGINA, SK / ACCESSWIRE / September 29, 2021 / ROK Resources Inc. (“ROK” or the “Company”) (TSXV:ROK) is pleased to announce the completion of a multi-layer … NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES REGINA, … Read more
Electricity transmission towers are pictured near Beijing’s Central Business District (CBD), China September 28, 2021. REUTERS/Tingshu Wang BEIJING, Sept 29 (Reuters) – China is in the grip of a power crunch as coal supply shortages combined with strong power demand from manufacturers, industry and households push coal prices to record highs and trigger widespread curbs … Read more
Sep 29, 2021 (Bloomberg) Oil fell after a U.S. industry report pointed to a build in crude stockpiles, cooling a rally that had pushed benchmark Brent past $80 a barrel.Brent futures slid back below $79, while West Texas Intermediate also dropped. The American Petroleum Institute reported a 4.13 million-barrel weekly gain in U.S. crude stocks, according … Read more
Sep 29, 2021 (Bloomberg) As automakers scramble to make electric vehicles with longer ranges and speedier charging times, the chip industry has a message for them: You’re doing it wrong. Semiconductor companies are urging EV makers to ditch traditional silicon chips and embrace materials that will make cars more efficient, helping ease consumers’ “range anxiety” and … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Earlier this year, we looked at the retirement obligations of the Western Canadian … Read more
Thursday, September 30th | 12:00pm MDT It is not of course – it looks like black molasses! But that doesn’t stop us from using Near Infrared Spectroscopy to take real-time measurements in diluted bitumen applications and using those measurements to monitor vapor pressure in these dark, asphaltene laden and highly viscous streams. Real-time analysis allows for … Read more
Sur-Flo paddle meters aren’t just designed to work, they’re engineered to make work easier. They’re accurate to 1% reading, low maintenance and easy to replace or service. In fact, customers report that Sur-Flo’s patented paddle meter lasts six-times as long as conventional turbine meters and takes less than half the time to service. The result? … Read more
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Summary Demand uncertainty, energy transition hit oil, gas investments Global oil demand to reach pre-pandemic levels early 2022 -execs Long time before alternative energies can meet oil demand -exec SINGAPORE, … Read more
MONTREAL — Canada’s second-largest pension fund manager has announced a plan to divest its oil-producing assets in order to achieve a zero-emissions portfolio by 2050.
Caisse de dépôt et placement du Québec says it will sell its remaining oil product…
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW CALGARY, Alberta, Sept. 28, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a definitive agreement … Read more
CENN – Canadian Energy News Network ‘Just Transition’ Overview Despite the recent election, the government is moving forward with requiring comments by this Thursday, September 30th for their “Just Transition” legislation. This election was nowhere near a concrete mandate for sweeping legislative change that opponents of oil and gas claim it was, yet the Liberal government is … Read more
Summary Group says oil demand in 2023 to surpass 2019 level Trims 2030, 2045 oil demand forecasts Says global oil demand to plateau after 2035 Sees OPEC supply in 2026 still below 2019 LONDON, Sept 28 (Reuters) – Oil demand will grow sharply in the next few years as economies recover from the pandemic, OPEC … Read more
Sept 28 (Reuters) – The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world’s demand for oil may peak. Demand was about 100 million barrels per day (bpd) in 2019 and has yet to recover to that level because of the pandemic. … Read more
Despite being a world leader in crude oil reserves and production Canada’s reliance on foreign oil continues to grow By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter An oil tanker in Quebec City. Getty Images photo Download the PDF here Download the charts here Overview Despite … Read more
Tired of yelling at the TV every time you hear about how much of our money is sent out east? Well, you’re in luck. The provincial government wants you to have your say on Canada’s equalization program during the province-wide municipal elections on Oct. 18th, 2021. Premier Jason Kenney is right to embrace some direct … Read more
Company Announces TSX Acceptance of Normal Course Issuer Bid DENVER, Sept. 28, 2021 /CNW/ – Ovintiv (NYSE: OVV) (TSX: OVV) today announced it is progressing its commitment to increase shareholder returns with the receipt of regulatory approvals for a share buy-back program. This action is consistent with the Company’s capital allocation framework, which supports the goal of unlocking … Read more
September 28, 2021 CALGARY, Alberta, Sept. 28, 2021 (GLOBE NEWSWIRE) — Prairie Storm Resources Corp. (TSXV: PSEC) (“Prairie Storm” or the “Corporation”) is pleased to announce that it has entered into a definitive acquisition agreement (the “Acquisition Agreement”) with InPlay Oil Corp. (“InPlay”) (TSX: IPO) pursuant to which InPlay has agreed to acquire all of … Read more
September 28, 2021 CALGARY, Alberta, Sept. 28, 2021 (GLOBE NEWSWIRE) — (TSX – CJ) Cardinal Energy Ltd. is proud of our relationships with various First Nations living in and around our areas of operation in Western Canada, and particularly in our core area of Slave Lake. Through our operations, we have been exposed to the … Read more
Sep 28, 2021 (Bloomberg) European energy markets from natural gas to carbon permits jumped to records, signaling the supply shortage will get worse just as the winter season starts.Stockpiles of everything from gas to coal and Norwegian water for electricity production are dwindling and there are few signs the situation will improve anytime soon as demand … Read more
Sep 28, 2021 (Bloomberg) Brent oil roared above $80 a barrel, the latest milestone in a global energy crisis, on signs that demand is running ahead of supply and depleting inventories.The international crude benchmark extended a recent run of gains to hit the highest since October 2018, while West Texas Intermediate also climbed. Oil’s latest upswing … Read more
Sep 27, 2021 (Bloomberg) Global oil consumption is expected to return to pre-pandemic levels in the the third quarter of 2022, with Asia continuing as the center for oil-product demand growth, according to BP Plc.Oil demand in 2022 is expected to see an average gain of 3.8 million barrels a day year-on-year, easing from growth of … Read more
September 27, 2021 CALGARY, Alberta, Sept. 27, 2021 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) is pleased to announce the appointment of Mr. Klaas Deemter as STEP’s Senior Vice President Finance (“SVP Finance”) effective October 12, 2021. As STEP’s SVP Finance, Mr. Deemter will work with STEP’s Executive Vice President and Chief Financial Officer, Michael Kelly, on a leadership transition plan that will see Mr. Deemter assume initial responsibility … Read more
Work on TC Energy Corp.’s Coastal GasLink pipeline has been hampered by protesters who blocked access to a construction site in western British Columbia, threatening further delays to the natural gas conduit. Coastal GasLink crews are being prevented from accessing a work area near the Morice River, an area that includes “several pieces” of heavy … Read more
Billboards in Times Square, strategic U.S. markets tout benefits of Canadian energy By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Sept. 27, 2021 – The first phase of a new Canadian Energy Centre (CEC) awareness campaign launched in the United States today asks Americans to choose Canadian … Read more
More from the Canadian Energy News Network Here are some facts and sources to have a reasoned conversation about banks investing in oil and gas: Canadian banks financing Canadian oil and gas projects ensures that the suppliers of energy won’t shift to countries that are more polluting, less transparent, and less sensitive to societal pressures. Divesting … Read more
September 27, 2021 Not for distribution to U.S. newswire services or dissemination in the United States CALGARY, Alberta, Sept. 27, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) (“Cenovus” or the “Selling Shareholder”) and Headwater Exploration Inc. (TSX: HWX) (“Headwater” or the “Company”) announced today that they have entered into an agreement … Read more
MELBOURNE, Sept 27 (Reuters) – Oil and gas services giant Baker Hughes Co (BKR.N) sees the need for global liquefied natural gas (LNG) capacity to rise to 800 million tonnes by 2030, more than double current capacity, its chairman said on Monday. Baker Hughes sees strong prospects for gas in the transition to cleaner energy, with … Read more
By Geoffrey Cann In case you think blockchain technology is losing its appeal to oil and gas, think again. A recent conference highlights how this sleeper technology is powering ahead. The Only Blockchain Oil and Gas Conference The Energy Conference Network hosts the only oil and gas gathering dedicated to the power and potential of blockchain … Read more
Summary Spare refining capacity likely to weigh on margins Petrol, diesel consumption trends indicate growth Hess sees global oil demand at 100 mln bpd by end-2021/Q1 2022 SINGAPORE, Sept 27 (Reuters) – Global oil demand is expected to reach pre-pandemic levels by early next year as the economy recovers, although spare refining capacity could weigh … Read more
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Sept 27 (Reuters) – Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel demand recovery from Delta variant … Read more
Summary Petrol stations run dry in major British cities Trucker shortage strains British economy Germany’s Scholz: we told UK not to Brexit Gas stations appeal for calm after panic buying LONDON, Sept 27 (Reuters) – Up to 90% of British fuel stations ran dry across major English cities on Monday after panic buying deepened a … Read more
Sep 27, 2021 (Bloomberg) Oil rallied at the start of the week’s trading on signs that the crude market is tightening amid a global energy crunch.West Texas Intermediate topped $75 a barrel after a run of five weekly gains, while Brent reached the highest level since October 2018. Prices are set to continue rallying as supply … Read more
Sep 27, 2021 (Bloomberg) China Evergrande Group’s electric-car unit plunged in Hong Kong trading after it warned of a “serious shortage of funds,” taking its losses in market value from an April peak past $84 billion.Shares of China Evergrande New Energy Vehicle Group Ltd. closed down 9.4%, extending this year’s decline to 93.3%. At its peak in April, … Read more
Evolving industry standards bringing HSE aboard Working on a project for a field services company can involve operational risks at the project site. Businesses aim to provide a safe environment for all employees. They are making sure the procedures at all stages of the project align with sustainability metrics. That is why they tend to … Read more
In the latest EV ‘Video of the Month’, this video showcases how the application of RestrictionVA, supported by Optis Infinity technology, helped a leading operator in Russia diagnose and overcome their wellbore access problems. The operator experienced a restriction within their oil producing well during a production optimization intervention. The well has a history of … Read more
Control combustion parameters in burning fuel gas used in blanketing of VOCs in crude storage tanks, for efficiency gains. Oil companies worldwide face increasingly stringent regulatory requirements to minimise discharge to atmosphere of VOC’s from (crude) oil storage tanks. An efficient way of meeting these requirements is blanketing the tank head space with fuel gas. … Read more
Partnering with Viper, Osperity can now provide a reliable way of detecting fugitive emissions in industrial settings. Viper’s technology will work seamlessly with Osperity’s visual monitoring platform, meaning clients can rely on automated inspection reports, monitoring and exception-based alerting which will greatly assist industrial companies to further improve environmental initiatives, HSE compliance with automated leak … Read more
Featuring: 3-Stage Compressors, Reciprocating Compressors, Separators, Dehydrators, Flare Stacks, Mud Chillers, Decompression Systems, Free Water Knock Outs and Much More! All of these assets can be found in Day 3 of our Absolute Public Online Foothills Consignment Auction on ClubBid.com, closing on Thursday, September 30th at 10 am (MDT)! View, Join & Bid on Day … Read more
Responsible development contributes to overall reconciliation and Indigenous self-determination By Joseph Quesnel on September 24, 2021 Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo If the federal government was serious about Indigenous economic reconciliation and self-determination, it would not engage in the “Just Transition” exercise it … Read more
Canada’s drilling rig count is up 8 active drilling rigs according to data collected by Baker Hughes for the week ending September 24, 2021. From one week ago, Alberta rig counts increased 7 to 113 and the Saskatchewan rig counts stayed at 26. Oil drilling increased 1 to 96 and gas increased 6 to 65.
September 24, 2021 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, Sept. 24, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that it has closed its previously announced transaction to acquire a high-quality U.S. royalty asset located in the Eagle Ford oil basin in … Read more
September 24, 2021 Canada’s biggest oil producer, Canadian Natural Resources will require employees and contractors at Canadian sites to be vaccinated by Dec. 1, as Alberta grapples with a deadly new wave of the COVID-19 pandemic. Canadian Natural (CNRL), the first oil sands company to announce such a policy, made the decision after the recent rise in … Read more
Sept 24 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a 14th month in a row as more offshore units in the Gulf of Mexico returned to service after shutting when Hurricane Ida slammed into the coast in late August. This week, 3 offshore rigs returned in the Gulf … Read more
EDMONTON, AB: The Fight Equalization campaign is encouraging Albertans to vote YES in the provincial equalization referendum being held on Oct. 18, 2021. “Albertans have had it rough for the last six-plus years and we’re tired of being treated as the cash cow for the rest of Canada,” said Kevin Lacey, Alberta Director with the CTF … Read more
LONDON, Sept 24 (Reuters) – Record gas and electricity prices in Europe, record coal prices in China, multiyear-high gas prices in the United States and oil prices well above their real long-term average are all manifestations of the same global energy shortage. In the aftermath of the coronavirus recession, energy production has failed to keep … Read more
The shared industry in North America matters to millions 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 One critical problem for political and business leaders alike is to try and get people to think outside their own local “box.” While most people … Read more
Sep 24, 2021 (Bloomberg) Oil rose for the fifth straight week with the global energy crunch set to boost demand for crude as stockpiles decline from the U.S. to China.Futures in New York gained 2.8% this week. The global benchmark Brent settled at the highest in nearly three for the second day in a row. Global … Read more
The Scottish island of Eigg has the first completely wind, water and sun-powered electricity grid in the world, according to the Isle of Eigg Heritage Trust. LONDON, Sept 24 (Reuters Breakingviews) – Europe’s leaders need an energy intervention. The factors that caused the continent’s gas prices to treble, pushing the cost of electricity through the … Read more
A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, U.S., May 15, 2021. REUTERS/Kathleen Flynn/File Photo HOUSTON, Sept 23 (Reuters) – U.S. oil refiners hunting to replace crude lost after a storm hit the U.S. Gulf of Mexico last month have been turning to Iraqi and Canadian oil, while Asian buyers have … Read more
September 23, 2021 CALGARY, Alberta, Sept. 23, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the pricing terms of its previously announced cash tender offer (the “Maximum Tender Offer”) for up to an increased maximum aggregate purchase price of $1,250,000,000 (such increased aggregate purchase price, the “Maximum Aggregate Purchase Price”) … Read more
September 24, 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, Sept. 24, 2021 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported it has filed an application with the Ministry of Energy and Natural … Read more
September 24, 2021 CALGARY, Alberta, Sept. 24, 2021 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to announce that Kim Anderson has been appointed to the Pipestone Energy Board of Directors (the “Pipestone Board”) effective September 24, 2021 and will also serve as a member of the Audit Committee. … Read more
September 23, 2021 EDMONTON, Alberta, Sept. 23, 2021 (GLOBE NEWSWIRE) — Platform Calgary and Innovate Edmonton are joining forces to boost promising tech startups in the early stages – as part of a broader vision to build on a pan-provincial innovation system and propel the province forward as a global tech powerhouse and proving ground … Read more
WINNIPEG, Manitoba (Reuters) – Canada’s Federated Co-operatives Limited (FCL) put its oil production business up for sale this week, according to a marketing document obtained by Reuters, but the co-op said it plans to keep its Saskatchewan refinery. FCL spokesperson Cam Zimmer did not comment on the reason for offering to sell the production business … Read more
Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (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
CALGARY — With North American natural gas prices soaring to heights not seen in years, Canadians can expect to pay significantly more to heat their homes this winter.
While natural gas prices in Canada and the U.S. have not hit the record levels being…
September 23, 2021 Reuters Inter Pipeline Chief Executive Officer Christian Bayle and Chief Financial Officer Brian Heagy will step down from their posts on Oct. 28, the Canadian energy infrastructure firm said on Wednesday. Brian Baker and Paul Hawksworth, executives at Brookfield Infrastructure that bought a controlling stake in the pipeline operator last month, will assume the … Read more
For centuries, few words could get an investor’s blood-pumping more than above-average returns. But that may be changing. ESG ratings can be thought of as a report card (by an independent evaluator) that summarizes a company’s resilience to environmental, social and governance risks. By identifying systemic risks like emissions, industry disruption, community relations, and worker health … Read more
Sep 23, 2021 CALGARY, Alberta — Inclusive Energy Ltd., a leader in the oil and gas services sector, is pleased to announce that it has significant private equity capital immediately available and ready to deploy as part of its ongoing initiative to diversify its investments in the North American energy and natural resource industries, including … Read more
Brookfield Infrastructure and Inter Pipeline are pleased to announce that the Special Meeting of Inter Pipeline shareholders to approve the Arrangement will take place on October 28, 2021 at 8:30 a.m. (Mountain Time) Inter Pipeline announces that Christian Bayle, President and Chief Executive Officer and Brent Heagy, Chief Financial Officer, will each be stepping down from their management positions … Read more
Sep 23, 2021 (Bloomberg) Oil edged down from its highest close in almost two months amid ongoing concerns about the risk to markets from China Evergrande Group’s ongoing tumult. However, there are signals that stockpiles globally are declining.Futures in London fell after earlier touching their highest level since July 14. Dow Jones reported that China has … Read more
After an extensive search, Challenger has found our new Vice President of Edmonton Operations. Michael Lee was previously a Branch Manager for Maltais Geomatics and then Altus Geomatics, and has been an Alberta Land Surveyor (ALS) for a little over 10 years. During his time in the field and then as a Project Manager, Michael … Read more
Kingsway Instruments is excited to share Fluke’s Get Into Gear promotion valid from September 1 – December 31, 2021. Buy Fluke tools and get free gear! Redeem Fluke branded gear or tools when you make a qualifying purchase of $250.00 or more with Kingsway Instruments, Canada’s Most Trusted Fluke Store! Click here to view the … Read more
Prior to the just concluded federal election that nobody wanted, one that cost Canadian taxpayers $600+ Bln, the Liberal Government pushed forward policies to limit the growth of the oil and gas sector in Alberta. Bill C-69 delayed and damaged the ability of new projects to get started in Alberta, while foreign investment in Alberta’s … Read more
Article 4 of 6 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 four of six. Read Article 1 Here: – What is ESG? Read Article … Read more
CALGARY, AB, Sept. 22, 2021 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to announce a guidance update, the approved budget for 2022 and details on its free cash flow (“FCF”)(1) allocation strategy, including the declaration of a special cash dividend and an increase in its regular quarterly cash dividend. 2H 2021/2022 EP CAPITAL BUDGET … Read more
Shortly before the election was called, the Federal Government launched an engagement process asking Canadians for their feedback on the best approach to a “just transition”. You can find more info at the government’s website here. This exercise is about how the government can ensure a fair and just “transition” for workers or communities whose livelihoods … Read more
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, Sept. 22, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that it has completed its previously announced bought deal equity financing, issuing 19,067,000 subscription receipts (Subscription Receipts) at a price of $9.05 per Subscription Receipt for gross proceeds … Read more
Canada’s Prime Minister Justin Trudeau and Calgary Mayor Naheed Nenshi announce the beginning of construction on the Green Line at the Calgary Transit Oliver Bowen Maintenance Facility, in Calgary, Alberta, Canada July 7, 2021. REUTERS/Mike Sturk/File Photo CALGARY, Alberta, Sept 22 (Reuters) – Prime Minister Justin Trudeau’s narrow election victory this week reinforced Canada’s commitment … Read more
Sep 22, 2021 (Bloomberg) Syncrude Canada Ltd., a light crude producer majority-owned by Suncor Energy Inc., cut September supplies due to a mechanical disruption at its oil sands site, according to a person familiar with the situation. In a force majeure notice sent by one of Syncrude’s four owners earlier this month, customers were informed of … Read more
September 22, 2021 CALGARY, Alberta, Sept. 22, 2021 (GLOBE NEWSWIRE) — Kiwetinohk Energy Corp. (“Kiwetinohk” or the “Corporation”) is pleased to announce that it has emerged, as prescribed, from the closure of the business combination of Kiwetinohk Resources Corp. (“KRC“) and Distinction Energy Corp. (“Distinction“) (the “Business Combination“). The Business Combination creates a larger, more … Read more
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 STATES CALGARY, Alberta, Sept. 22, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that it has completed the previously … Read more
NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./ CALGARY, AB, Sept. 21, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Company”) (TSXV: ATU) is pleased to announce that its previously announced brokered private placement (the “Brokered Private Placement”) of subscription receipts of the Company (“Subscription Receipts”) at a … Read more
Representing the first ever First Nations equity project in an offshore energy project in Newfoundland and Labrador September 21, 2021 ST. JOHN’S, Newfoundland, Sept. 21, 2021 (GLOBE NEWSWIRE) — The First Nations Major Projects Coalition (FNMPC) and Miawpukek First Nation (MFN) are proud to announce plans to work together towards increased equity participation in the … Read more
Products derived from a single barrel of oil Courtesy of Visual Capitalist To think about how disrupted oil markets could be in the future, it’s helpful to think about oil’s different end products and the state of the technologies which could replace them. The electric car is an example of a mature technology. With … Read more
As the dust settles on the election, the political landscape looks pretty much the same as it did nearly 2 years ago. While the next few days might see some fluctuations in the numbers, the die for the 44th parliament is pretty much cast. The other thing that is the same is the ENGOs are already … Read more
U.S. oil and gas industry employs 5 million people and contributes billions to the national economy By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter U.S oil refinery complex. Getty Images photo Download the PDF here Download the charts here Overview A strong American oil and gas industry … Read more
Sep 22, 2021 (Bloomberg) Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a major developer’s debt woes.West Texas Intermediate traded above $71 a barrel after rising as much as 1.9%. Nationwide stockpiles sank more than … Read more
A coal-fired heating complex is seen behind snow-covered ground in Harbin, Heilongjiang province, China November 15, 2019. REUTERS/Muyu Xu/File Photo/File Photo Summary China to stop building coal-fired power plants abroad Xi’s announcement could impact 44 projects in Asia, Africa China’s domestic coal power programme still expanding SHANGHAI/SINGAPORE, Sept 22 (Reuters) – China’s pledge to stop … Read more
LONDON, Sept 22 (Reuters) – Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers. Some companies, including steel producers, fertiliser … Read more
September 21, 2021 CALGARY, Alberta, Sept. 21, 2021 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSXV: MAH) (OTCQB: MKSEF) is pleased to announce the following: Southeast Ohio Drilling Opportunity – Marksmen has entered into a Joint Operating Agreement with David R. Hill, Inc., a long established, large Ohio oil and gas operating company, … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. As the importance of liability management has grown, the need for data on … Read more
Dave Milia, CEO of the Canadian Energy Climate Nexus (CECN) discusses how the Canadian energy sector should be more inclusive to all energy sources to help reach global climate targets, how Canadian culture has impacted the industry and how Canadian consumers should reflect on their own energy usage. To learn more about the Global Energy … Read more
No doubt our post on sound attenuation and Echo Barrier caused some confusion in the pumping market and sewer bypass market. To clear up this confusion the sound attenuation package we selected on that project in the lower mainland was the Echo Barrier product and was sourced as a result of the sound attenuated pump … Read more
Second producer gets third-party recognition for excellence in environmental, social and governance performance By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Pacific Canbriam natural gas operations in northeast B.C. Photo courtesy Pan Canbriam Energy Customers in Quebec will soon use more natural gas from western Canada … Read more
CAOEC congratulates Prime Minister Justin Trudeau and the Liberal Party on their election victory and calls on the government to actively promote Canada’s world-class energy industry. As Canadians continue to struggle with the burdens of a weak economy and the lingering pandemic, it is essential for governments at all levels to maximize every available opportunity for … Read more
Waiward was contracted to complete the major earthworks, tank pads and erosion protection for the Gibsons Hardisty East Terminal Tank Farm Expansion Phase 2. Site development work totaled 60,000 m3 of earthworks, 140,000 MT of granular material supply and placement, 800 steel piles excavated, booted with hdpe liner and backfilled. This civil scope further included … Read more
Tourmaline Oil Corp. Logo (CNW Group/Tourmaline Oil Corp.) Topaz Energy Corp. Logo (CNW Group/Tourmaline Oil Corp.) /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, Sept. 21, 2021 /CNW/ – Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Selling Shareholder“) and Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company“) announced today the … Read more
Calgary, Alberta–(Newsfile Corp. – September 21, 2021) – Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) (“Saturn” or the “Company”) is pleased to announce the completion of the final independent reserves evaluation of its newly acquired Oxbow Asset, effective April 1, 2021, in compliance with National Instrument 51-101 – Standards of Disclosure for Oil … Read more
Sep 21, 2021 (Bloomberg) Oil rose as a selloff in global equities halted and traders assessed the potential for a switch away from gas to oil.Futures in London climbed above $75 a barrel. Wider markets recovered from a selloff on Monday, which also rippled into oil, before this week’s Federal Reserve meeting. Traders are also weighing the impact … Read more
Sep 21, 2021 (Bloomberg) Canada’s largest oil and natural gas lobbying group is calling for support from re-elected Prime Minister Justin Trudeau following an election campaign that featured vows to cut the industry’s emissions.“This election result reaffirms the uncertainty in Canada as we continue to struggle with public health and economic issues related to the Covid … Read more
Monday, Sept. 20, 2021 The more dollars the government prints, the less your dollars buy. That’s the inflation tax and it’s a key reason why life is getting more expensive. Through its Bank of Canada, the federal government prints new dollars every time the central bank buys a financial asset such as a government bond. … Read more
September 20, 2021 HOUSTON (September 20, 2021) − Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. The transaction will transfer all of Shell’s interest in the Permian to ConocoPhillips, … Read more
By Geoffrey Cann I had the opportunity to travel to the US recently and to say the travel experience is different now is an understatement. Here’s a summary… Conferences Are Back In-person conferences are starting back up, including those focused on oil and gas, and as usual I am receiving invites to attend by the … Read more
September 20, 2021 CALGARY, Alberta, Sept. 20, 2021 (GLOBE NEWSWIRE) — EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables Canada Ltd. (EDPR Canada), and TC Energy Corporation (TSX, NYSX:TRP) (TC Energy or the Company) have executed a 15-year power purchase agreement (PPA) for 100 percent of the output of the 297-megawatt (MW) … Read more
Sep 20, 2021 (Bloomberg) Oil dropped as risky assets began the week on the back foot and the dollar gained ahead of a Federal Reserve meeting that’s expected to see stimulus scaled back.Futures in New York fell to trade below $71 a barrel amid a broader decline in stock markets. The dollar rose for a third day, making … Read more
Our MOC application provides you with a customizable configuration to align with your current MOC process. Application Features: Customizable for your operation. Once defined, can be ready within a business day. Customizable workflow and notification settings. Tie to existing site and equipment inventory. Link to document management systems. Attach documents and photos. Data is always … Read more
In the early development of the Duvernay formation of northwestern and central Alberta, total well costs between $15 and 20 million were commonly reported by operators due to the much of the proven source rock of the formation requiring downhole completion equipment with pressure capabilities that exceed standard system pressure ratings of 69 MPa (10,000 … Read more
Whether change management requires collaboration from a few—or a few dozen—people, Oplii’s new MOC engine can handle it. “It’s about creating smooth, safeguarded processes that reduce risk and improve safety,” says Managing Partner Johan Rothzén. “With Oplii, significant changes can be managed with greater precision and control than with a one-size-fits-all approach.” Recent enhancements to … Read more
High COe values indicate an inefficient, climate harmful, and plant hostile process control. The COe are the unburned molecules, like carbon monoxide (CO), hydrocarbons (CxHy), and hydrogen (H2) that need to be measured as much as the oxygen molecules in the process in order to analyze the combustion quality process. The explosion protected gas analyzer COMTEC® 6000 GasEx reacts immediately … Read more
Titanium Energy Services is on a steady path of growth since its inception in 2008 as a Coiled Tubing Service company and is currently conducting a recruitment drive to offer rewarding careers in coiled tubing field operations across Canada. November 2010 Titanium Tubing Technology Ltd. acquired Performance Innovations (Engineering & Design) to design, engineer and … Read more
Over time, either hours or days, paraffin, asphaltene and other types of buildup adhere to the surfaces of your instrumentation affecting performance and accuracy. You have processes in place to address this buildup, but what are they costing you in lost production, cleaning materials and labor? Extend Performance Instead Use e9 Treatments’ innovative surface protection … Read more
Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Anti-oil and gas activists are misrepresenting the global opportunity for Canadian liquefied natural gas (LNG) exports and the benefits these projects have for Indigenous communities. Why is this important? Canadian LNG will not only benefit Canada, but a more climate-conscious world as … Read more
Canada’s drilling rig count is up 11 active drilling rigs according to data collected by Baker Hughes for the week ending September 17, 2021. From one week ago, Alberta rig counts increased 11 to 106 and the Saskatchewan rig counts stayed at 26. Oil drilling increased 8 to 95 and gas increased 3 to 59.
By Reuters Staff Sept 17 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row although the number of offshore units in the Gulf of Mexico remained unchanged after Hurricane Ida slammed into the coast over two weeks ago. Fourteen offshore Gulf of Mexico rig … Read more
Summary To produce 2 mln tonnes of low-carbon jet fuel by 2025 Shell urges aviation sector to deepen decarbonisation Global aviation emissions https://tmsnrt.rs/2XxiH63 LONDON, Sept 20 (Reuters) – Royal Dutch Shell (RDSa.L) plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world’s airlines to reduce greenhouse gas emissions. Aviation, … Read more
(Bloomberg) With Canadians set to vote Monday in a highly competitive election, the outlook for the two largest sectors in country’s stock index hangs in the balance.Polls say the race is close. If Prime Minister Justin Trudeau wins he may follow through on a promise to increase taxes on the biggest banks and insurance companies and … Read more
Sep 19, 2021 (Bloomberg) Canada’s oil heartland of Alberta has been hit with its most dangerous Covid-19 wave, with hospital intensive care beds filling up so quickly that health professionals are preparing to make decisions about who lives and who dies.Provincial Premier Jason Kenney announced new isolation measures and introduced a vaccine passport system to allow … Read more
John Kemp LONDON, Sept 17 (Reuters) – Developed countries are providing relatively little financial assistance to help their developing counterparts reduce greenhouse gas emissions or adapt to climate change, despite an oft-repeated high-level political commitment. There is a major mismatch between the scale of the energy system transformation envisaged by policymakers and the limited financing … Read more
Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (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
September 17, 2021 The Minnesota Department of Natural Resources (DNR) said on Thursday it fined Enbridge Inc $3.32 million, citing the Canadian company’s failure to follow environmental laws during the construction of its Line 3 oil pipeline replacement. “Enbridge breached the confining layer of an artesian aquifer, resulting in an unauthorized groundwater appropriation during the construction of … Read more
Sep 17, 2021 (Bloomberg) Oil headed for a fourth weekly gain supported by signs of a tighter market and a wider rally in energy prices. West Texas Intermediate, which dipped on Friday, has still climbed about 4% this week. Investors have been tracking strong rallies in other energy commodities, especially natural gas, which has surged by … Read more
By Paula Sambo Sep 16, 2021 (Bloomberg) The Ontario Teachers’ Pension Plan is aiming for a 45% reduction in the amount of carbon its investment holdings release into the atmosphere by 2025 as part of an effort to reach net-zero emissions within three decades.The pension fund also plans to cut carbon emissions intensity 67% by 2030, … Read more
Sep 17, 2021 (Bloomberg) A supply crunch that sent European energy prices to records is squeezing profits for some of the continent’s industrial giants, threatening to derail the region’s economic recovery.Europe’s top chemicals firm BASF SE said it has been unable to fully swerve the impact of record-breaking electricity prices despite producing 80% of its own … Read more
Sep 16, 2021 (Bloomberg) International Petroleum Corp. has begun a process to sell its oil assets in France, according to documents seen by Bloomberg. IPC, which also works in Canada and Malaysia, wants to divest from 17 fields in France yielding about 3,000 barrels a day, 12 of which it operates. Bids are expected next month, according to … Read more
by ENERGYminute See more articles and infographics from ENERGYminute HERE by Michelle Heath and Aaron Foyer Between oil and gas, renewables, mining, infrastructure, and power—energy companies represent some of the largest corporations on earth. Last year, Nextera surpassed ExxonMobil as the largest energy company in the U.S. Where is it now? Sep 16th 2021 | Business, Electricity, Materials, Mining, Oil & Gas, Renewable Energy Between oil and … Read more
Several oil sands projects now have emissions per barrel lower than the global average, BMO reports By Mario Toneguzzi on September 16, 2021 Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter SAGD oil sands project in northern Alberta. Photo courtesy Cenovus Energy Companies in Canada’s oil sands are working … Read more
Calgary, Alberta–(Newsfile Corp. – September 16, 2021) – Cuda Oil and Gas Inc. (TSXV: CUDA) (“Cuda” or the “Company“) announces that it has entered into a Share Purchase Agreement (“Agreement“) to sell all of the shares of Cuda Energy Inc., a wholly-owned subsidiary of the Company that holds its Alberta assets, to an arm’s length … Read more
We need more: Pipefitters Millwrights Light Equipment Operator QC Inspector – Level 1 Instrumentation Technicians Thank you to everyone who has sent in their resumes so far! If you have not been contacted by our recruiters yet, please be patient, they have received a high number of applicants and are diligently working through all of … Read more
Is it just me or has the cost of pretty much EVERYTHING been increasing here in Canada? Gas prices, groceries… the list goes on and on. But what’s behind these increases? And what role, if any, does the Trudeau Government’s carbon tax play? Here’s what you need to know. SUBSCRIBE: https://www.youtube.com/aarongunnbc JOIN THE FIGHT: https://aarongunn.ca/join/ … Read more
A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol Sept 15 (Reuters) – A slew of private equity-backed oil and gas companies have been put up for sale in the Canadian energy patch, as higher crude prices prompt buyout shops to exit and free some of … Read more
Sep 16, 2021 (Bloomberg) Oil steadied above $72 a barrel after U.S. crude stockpiles tumbled again and investors tracked a broader rally in energy prices.West Texas Intermediate edged up after hitting the highest intraday level since early August on Wednesday. U.S. crude inventories dropped by more than 6 million barrels last week to a two-year low, … Read more
The loan guarantee will support Indigenous Communities in the Wood Buffalo region take a significant equity interest in energy infrastructure within their traditional territories CALGARY, Alberta, Sept. 16, 2021 (GLOBE NEWSWIRE) — Alberta Indigenous Opportunities Corporation (AIOC) is proud to announce that it has provided up to a $40 Million loan guarantee to support eight … Read more
All financial figures are in Canadian dollars CALGARY, Alberta, Sept. 16, 2021 (GLOBE NEWSWIRE) — Suncor today announced the signing of agreements with eight Indigenous communities in the Regional Municipality of Wood Buffalo (RMWB) to acquire all of TC Energy’s 15 per cent equity interest in the Northern Courier Pipeline Limited Partnership. This historic partnership … Read more
CALGARY, Alberta, Sept. 16, 2021 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) today announced an update on the Company’s recent research and development programs. NXT is pleased to report that progress continues with respect to the development of the “SFD-GT” geothermal sensor family for which NXT … Read more
By Nathaniel Bullard Sep 16, 2021 (Bloomberg) When we think of global energy consumption, I imagine most of us think of two things. The first is power plants, be they fossil fuel-fired thermal plants, or zero-emissions wind and solar, or nuclear. The second is transportation, ranging from tiny personal scooters to container ships with an engine … Read more
Reuters Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott/File Photo Sept 16 (Reuters) – Canada’s Suncor Energy (SU.TO) said on Thursday it had partnered with eight indigenous communities to buy all of TC Energy Corp’s (TRP.TO) 15% stake in the Northern Courier Pipeline Limited Partnership. Suncor, three First Nations and five Métis … Read more
CALGARY — TC Energy Corp. says it has signed a deal to sell its remaining 15 per cent stake in the Northern Courier Pipeline to a partnership including Suncor Energy Inc. and eight Indigenous communities.
Financial terms of the agreement were not imme…
Anti-oil and gas activists misrepresent global opportunity and benefits for Indigenous communities By Deborah Jaremko on September 15, 2021 3D rendering of a liquefied natural gas (LNG) tanker. Getty Images photo Anti-oil and gas activists are misrepresenting the global opportunity for Canadian LNG exports and the benefits these projects have for Indigenous communities. Here are the … Read more
Sep 15, 2021 (Bloomberg) Inflation has spiked in Canada and Justin Trudeau’s rivals hope the prime minister will pay the price.Affordability has been one of the top issues ahead of the snap election Trudeau called for Sept. 20. The opposition Conservative Party is trying to rack up political points over rising costs for housing, cars and … Read more
September 15, 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, Sept. 15, 2021 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today it has recently completed the engineering and work program to test … Read more
September 15, 2021 CALGARY, Alberta, Sept. 15, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that its previously announced cash tender offer (the “Any and All Tender Offer”) for any and all of its outstanding 3.950% Notes due 2022 (the “3.950% Notes”) and 3.000% Notes due 2022 (the “3.000% Notes” … Read more
September 15, 2021 CALGARY, Alberta, Sept. 15, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the pricing terms of its previously announced cash tender offer (the “Any and All Tender Offer”) for any and all of its outstanding 3.950% Notes due 2022 and its outstanding 3.000% Notes due 2022 (collectively, … Read more
Explosion resulted in a a giant fireball, flying debris and shaking buildings Reuters An Enbridge natural gas pipeline exploded and caught fire northeast of Prince George on Oct. 9, 2018. (Jeff Miller/Twitter) A First Nation in northern British Columbia said on Tuesday it was trying to force Enbridge to reroute a natural gas pipeline off its reserve lands … Read more
Vancouver, British Columbia–(Newsfile Corp. – September 15, 2021) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to announce that it has commenced a three-well drilling program in the Atlee Buffalo G pool, in southeast Alberta. All three wells are being drilled from the same pad and are expected to be … Read more
Sep 15, 2021 (Bloomberg) Oil gained after a U.S. industry report showed another decline in inventories of crude and gasoline, signaling a tightening market.Global benchmark Brent rose above $74, while West Texas Intermediate advanced for a fourth day. The industry-funded American Petroleum Institute reported Tuesday that nationwide crude stockpiles fell 5.44 million barrels last week, according … Read more
A half-trillion bonanza of revenue over the last two decades is a conservative estimate 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 Between 1969 and 2019, Canadian parents received $499 billion in family allowance payments and children’s benefits from the federal … Read more
NEW INTUITIVE TECHNOLOGY RELEASE FOR SAFETY RESTRAINTS Come visit Safe-T-Whip at the Global Energy Show to see a positive solution to help ease of access for Alberta Occupational Health and Safety Safety and to satisfy B.C. Regulatory Compliance For More Information Visit us at Booth #1887 Global Energy Show – September 21, 22 & … Read more
Alberta’s pipeline infrastructure is aging, and the risk of leaks associated with these segments increases correspondingly. As more and more wells are shut-in, some sections of pipeline are being left exposed to gathering system pressure due to not being able to be isolated for purposes of discontinuation or abandonment. “Dead legs” are sections of a … Read more
Mounting pressures from investors, customers and regulators are creating huge capital planning challenges for oil and gas companies globally. Low commodity prices, aging assets, decarbonization, Environmental Social and Governance (ESG) commitments, digitalization, and increased regulation are forcing companies to rethink how they approach capital planning. Every year, oil and gas companies spend billions of dollars … Read more
By David Yager The replacement of the Justin Trudeau Liberal administration on election day would be a huge positive development for our industry and our country. The only option on the ballot to the Liberals that can win enough seats to form a government is the Conservative Party of Canada under leader Erin O’Toole. I … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. XI Technologies looks at expiring land because it can provide useful business … Read more
Bill Ireland, CEO of Logan Energy discusses hydrogen as a fuel source, what markets will be quick to adapt to technologies and innovations that help decarbonize, and how hydrogen fits within the energy landscape as the world works towards hitting 2050 climate targets. To learn more about the Global Energy Show, or to register, please … Read more
West Country Energy Services is pleased to announce that we have signed a new partnership with Clean Connect AI. Our partners are based in Colorado and serve the Energy Industry throughout the United States. Clean Connect combines cutting edge Energy AI technology with data from thermal, OGI and other cameras and sensors. This allows energy companies to … Read more
Monthly Oil Statistics The latest IEA’s Monthly Oil Statistics report including June 2021 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks increased by 7.0% in June 2021 compared to June 2020. Refinery gross output of total products increased (12.0%) on a year-on-year basis. Net deliveries of total products grew in June 2021 compared to June … Read more
Monthly Gas Statistics The latest IEA’s Monthly Gas Statistics report including June 2021 data shows that for Total OECD: Production of natural gas increased by 1.3% compared to June 2021. Imports (entries)1 of natural gas were 1.8% lower on a year-on-year basis, and total OECD exports (exits)1 decreased by 2% in the same period. Gross consumption of natural gas increased by 4% in June 2021 … Read more
Revenues from the oil and gas sector alone are worth 50 years of federal family allowance and children’s benefit payments By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo Download the PDF here Download the charts here Overview This Research Brief estimates the gross revenue … Read more
MEG Energy has successfully deployed the BakerHughesC3.ai (BHC3) enterprise AI application BHC3 Production Optimization for maximizing upstream oil and gas production and recovery BHC3’s enterprise artificial intelligence and machine learning capabilities add predictive intelligence at-scale to MEG Energy’s existing digital programs for production operations September 14, 2021 09:00 AM Eastern Daylight Time HOUSTON & REDWOOD … Read more
Oil storage containers are seen, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson LONDON, Sept 14 (Reuters) – World oil demand will rise back above 100 million barrels per day, a level last reached in 2019, as soon as the second quarter of next year, according to … Read more
Sep 14, 2021 (Bloomberg) Oil rose for a third day as broader markets climbed after U.S. consumer prices data missed expectations, while China said it would sell oil from its strategic reserves.Crude futures gained 0.9% in New York. The dollar dived after U.S. consumer prices rose less than forecast, making commodities priced in the currency more attractive, while … Read more
Sept 14 (Reuters) – U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging, executives and analysts said. This would mean an increase in spending which could unsettle investors who have benefited from shale … Read more
WINNIPEG, Manitoba, Sept 13 (Reuters) – Prime Minister Justin Trudeau’s promise to reduce Canada’s oil sector emissions starting in 2025 looks unlikely to slow the growth of crude production, environmental activists and oil companies say, raising questions about how effectively the pledge will help meet the country’s goals to slow climate change. Trudeau is in … Read more
How to determine the right products for your flammable hazard monitoring needs Today’s flame detectors utilize optical technologies to detect flames. Flames are known to emit electromagnetic radiation in the infrared (IR), visible light, and ultraviolet (UV) wavelengths depending on the fuel source. Because of this, optical flame-sensing technologies have been developed utilizing UV, UV/IR … Read more
Monday, Sept. 13, 2021 OTTAWA, ON: The Canadian Taxpayers Federation is releasing a guide to the federal election to help taxpayers understand where each party stands on the debt, balancing the budget, taxes and spending before heading to the polls on Sept. 20. “The federal government is more than $1 trillion in debt, and taxpayers deserve to know … Read more
(Reuters) – Private Canadian oil and gas producer Strathcona Resources is in advanced talks to buy rival Caltex Resources for around C$700 million ($552.97 million), adding to its enhanced oil recovery portfolio in Saskatchewan, four sources familiar with the discussions told Reuters. Caltex attracted interest from at least half a dozen public and private oil … Read more
CALGARY, AB, Sept. 13, 2021 /CNW/ – Clearview Resources Ltd. (“Clearview” or “the Company”) is pleased to provide the following corporate update. Clearview has recently completed the acquisition of 14,240 gross and net acres of Crown land in the Jarvie area of Alberta focused on the developing Clearwater oil play in the region. “This land acquisition is complementary to Clearview’s strengths of building opportunities from the ground level … Read more
CALGARY, AB, Sept. 13, 2021 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) is pleased to announce a corporate five-year plan along with the continued consolidation of assets in the Clearwater. The five-year plan highlights the significant free funds flow(1) the Company’s assets generate and the flexibility to direct funds to achieving long-term debt targets, return of capital … Read more
September 13, 2021 CALGARY, Alberta, Sept. 13, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in the United States (the “Offering”) of US$1,250,000,000 in senior notes, consisting of US$500,000,000 of 2.650% senior unsecured notes due 2032 and US$750,000,000 of 3.750% senior unsecured notes due 2052 (collectively, the … Read more
Canada’s drilling rig count is down 9 active drilling rigs according to data collected by Baker Hughes for the week ending September 10, 2021. From one week ago, Alberta rig counts decreased 7 to 95 and the Saskatchewan rig counts decreased 2 to 26. Oil drilling decreased 5 to 87 and gas decreased 4 to … Read more
By Geoffrey Cann Will there be one blockchain to rule them all in oil and gas? Very definitely not, if my conclusions are correct. The One Blockchain Idea I’m chairing a panel discussion this week on the topic of blockchain futures as part of the 5th Annual Blockchain In Oil and Gas conference, organized by the Energy … Read more
Sep 13, 2021 (Bloomberg) The dilemma Norwegians face in Monday’s election is how to reconcile their embrace of electric cars and environmental awareness with the need to wean their oil-rich economy off its key source of wealth.The release of a landmark United Nations-backed report urging drastic measures to end carbon emissions has thrust climate change to the very … Read more
Sep 13, 2021 (Bloomberg) Oil rose to hits highest level in just under six weeks as investors tracked the slow restoration of supplies in the Gulf of Mexico and the outlook for demand and inventories over the fourth quarter.West Texas Intermediate added 0.9%, while the global Brent benchmark also nudged higher out of its recent narrow … Read more
CALGARY — Crescent Point Energy Corp. is raising its quarterly dividend after what it says has been significant progress in improving its balance sheet strength and sustainability.
The company says it will now pay a quarterly dividend of three cents p…
As industrial automation evolved from its humble beginning, people imagined and searched for tools to streamline routine and repetitive tasks accurately and efficiently. Although the industrial revolution started in the 1800’s with the invention of railroads and electricity it wasn’t until after World War II that automation began its rapid evolution. Factories were retooled to support the war effort and since then industrial automation has exploded. Deployment of industrial Robots General Motors started deploying prototype robots in … Read more
Anyone who has worked with hydraulic cylinders is familiar with the general structure and function of this linear actuator, and most understand the importance of protecting the rod from damage. Scoring, pitting, or nicks in the chrome surface will ruin seals and result in fluid leaking from the cylinder gland – a problem that will … Read more
Downhole restrictions can have a significant impact on wellbore access, well integrity and well production. In this video example, an operator in South East Asia planned a re-perforation campaign on a selection of wells to increase production. However, when performing an initial drift on one of the primary candidates, the slickline crew encountered an unknown … Read more
By Deidra Garyk Governments are currently operating in an environment of declining trust. Citizens feel so disenfranchised by government and politicians that they are not even taking the time to vote. This is a concern in a democratic society that relies on citizens to set the priorities of the country, province, or city. In the … Read more
Siemens Gamesa has come up with new resin that allows blades to be broken down with heat and acetic acid Bloomberg News Siemens Gamesa Renewable Energy has developed a fully recyclable wind turbine blade. PHOTO BY VINCENT WEST/REUTERS FILES Spanish wind-turbine maker Siemens Gamesa Renewable Energy SA is offering customers a blade that’s fully recyclable in … Read more
Report doesn’t reflect what is going on in global energy markets By Deborah Jaremko on September 10, 2021 Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter An oil storage depot in Vladivostok, Russia. Getty Images photo A new study by researchers with University College London perpetuates the false narrative … Read more
Sept 10 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fifth time in six weeks as offshore oil units in the Gulf of Mexico slowly started to return after Hurricane Ida slammed into the coast. This week, 4 offshore oil rigs returned in Louisiana, energy services firm Baker … Read more
Summary Federal debt has risen substantially during the COVID-19 pandemic and is projected to continue rising for the foreseeable future. Large deficits come with costs and Canadians will have to pay for our borrowing today through additional taxation implemented at a later date. This bulletin demonstrates that Canadians aged 16 to 80 in 2025 can … Read more
Sep 10, 2021 (Bloomberg) TC Energy Corp. is the latest Canadian pipeline company allowed to keep its insurers confidential as activist groups push firms to drop business with the fossil fuels industry.The Canada Energy Regulator ruled that the names of TC Energy’s insurers are “commercial information” and the midstream company has met the requirement of “consistently treating” this … Read more
LONDON, Sept 10 (Reuters) – OPEC wil likely revise down its 2022 oil demand growth forecast on Monday, two OPEC+ sources said, as the spread of the Delta coronavirus variant puts the speed of a recovery in fuel use in doubt. On Sept. 1, separate sources said the Organization of the Petroleum Exporting Countries and … Read more
Collicutt Energy Services has signed an agreement with Rolls-Royce Power Systems to supply mtu engines and systems in Alberta starting June 1, 2021. The agreement covers both natural gas power generation and oil & gas sales and service rights. With its mtu brand, Rolls-Royce is one of the top power system manufacturers globally and has … Read more
Communities across the Louisiana Gulf Coast Face Long Road to Recovery Sep 10, 2021 HOUSTON, Sept. 10, 2021 /PRNewswire/ — In the aftermath of Hurricane Ida, Shell Oil Company announced today it will contribute more than $5 million in combined community and employee relief and recovery initiatives. “Shell has been operating in the parishes of Louisiana’s Bayou and River Regions for … Read more
Sep 10, 2021 (Bloomberg) Oil rose as investors assessed China’s confirmation that it had released crude from its strategic reserves in an unprecedented intervention in the global market. Futures in New York increased 1.8% on Friday, rising in tandem with broader markets. Beijing tapped its giant reserves “to ease the pressure of rising raw material prices,” according to an … Read more
(Bloomberg) In Iceland’s barren landscape, a new container-like structure has risen alongside plumes of steam near the Hellisheidi geothermal power plant. Its job is to reverse some of the damage carbon-dioxide emissions are doing to the planet. The facility, called Orca and built by Swiss startup Climeworks AG, will suck CO₂ out of the air. Icelandic startup Carbfix will then pump … Read more
Leading producer ramping up abandonment work on successful results By Deborah Jaremko on September 9, 2021 Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Alberta Energy Regulator A new approach designed to make it easier and faster to clean up inactive oil and gas wells is so … Read more
Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (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
Visual reference guide of quick facts on environment, social and governance performance within Canada’s oil and gas sector By CEC Staff Download the CEC’s Introduction to ESG, a digital poster with quick facts about Canada’s achievements in environment, social and governance performance within the oil and gas sector. Includes: Water use Emissions Benefits for Indigenous people and … Read more
CALGARY — Suncor Energy Inc. says it is looking to increase its ownership stake in the White Rose offshore oilfield to 40 per cent from 27.5 per cent.
Suncor says the deal depends on Cenovus Energy Inc. deciding to move ahead with the expansion of Wes…
By John Kemp Snow covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland March 18, 2014. REUTERS/Gary Cameron (UNITED STATES)/File Photo LONDON, Sept 9 (Reuters) – Global gas prices have climbed to their highest level for seven years in real terms, as traders anticipate a shortage … Read more
by ENERGYminute See more articles and infographics from ENERGYminute HERE Good for more than just filling party balloons, helium is used in industries like medical technology, cleantech, space exploration, and cooling. Its noble gas properties are ideal for creating non-reactive, non-toxic environments for industrial use. However, despite increased demand for helium from cleantech and other emerging … Read more
TORONTO, Sept 9 (Reuters) – Canadian lender Desjardins Group is seeking to raise up to C$500 million ($394 million) on behalf of clients who need money to deploy for carbon capture technologies, a top banker told Reuters. Carbon capture, which involves taking carbon emissions from fossil fuel sources and storing or reusing them, rather than … Read more
CALGARY, AB, Sept. 8, 2021 /CNW/ – WEST LAKE ENERGY CORP. (“West Lake” or the “Corporation“) is pleased to announce the closing of its acquisition of Boulder Energy Ltd. (“Boulder“), a privately held primarily light-oil producer with assets in the Brazeau area of West Central Alberta. The Boulder acquisition provides a new core area for the Corporation that … Read more
Sep 9, 2021 (Bloomberg) Some of the world’s biggest economies are seeing oil consumption turn the corner and even surpass pre-pandemic levels as falling Covid-19 infection rates drive a recovery in activity.Oil demand in China, the world’s top energy consumer, will be 13% higher next quarter than in the same period in 2019 before the pandemic, … Read more
Summary Shell considers mandate for offshore operations Some U.S. operations already have “soft enforcement” Trading floors exploring vaccination mandate LONDON, Sept 9 (Reuters) – Royal Dutch Shell is considering making it mandatory for workers in some operations to get COVID-19 vaccinations or risk being fired, an internal company document seen by Reuters shows. The energy … Read more
Sep 9, 2021 (Bloomberg) Oil swung between gains and losses with continued supply disruption in the U.S. weighed against an uncertain demand outlook in some regions. Futures lost 0.2% in New York, erasing earlier gains. Just over 20% of U.S. Gulf of Mexico oil output is back online after Hurricane Ida hit Louisiana, marking a slower comeback than … Read more
Sep 9, 2021 (Bloomberg) Imagine if you will a network of n things, each of which is connected to each other. When n is a small number, there are only a small number of total connections, but as n grows, the number of total connections grows more. In a small network — where n = five, the size of a basketball team — the … Read more
Sep 9, 2021 (Bloomberg) Saudi Aramco is considering a bold move to open up one of the world’s largest unconventional gas fields to foreign investors, as it looks to fund a $110 billion project to help it diversify from oil sales, according to people familiar with the matter. The state-controlled producer is working with an adviser … Read more
September 08, 2021 All financial figures are in Canadian dollars CALGARY, Alberta, Sept. 08, 2021 (GLOBE NEWSWIRE) — Suncor today announced that the co-owners of the Terra Nova Floating, Production, Storage and Offloading (FPSO) facility and associated Terra Nova Field (“Terra Nova”) have finalized the agreement to restructure the project ownership and move forward with … Read more
September 08, 2021 CALGARY, Alberta, Sept. 08, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has entered into agreements with its partners in the Atlantic region to restructure its working interests in the Terra Nova and White Rose projects, providing improved economics for the company’s regional portfolio. These agreements will increase Cenovus’s … Read more
September 08, 2021 New Chief Executive Officer and Board of Director appointments come as outgoing President and CEO Paul Poscente departs from Backwoods EDMONTON, Alberta, Sept. 08, 2021 (GLOBE NEWSWIRE) — Backwoods Energy Services (Backwoods), one of the largest diversified Indigenous-owned businesses in Canada, is pleased to announce the appointment of a new CEO, Michael … Read more
September 08, 2021 All financial figures are in Canadian dollars CALGARY, Alberta, Sept. 08, 2021 (GLOBE NEWSWIRE) — Suncor today announced it has entered into a conditional agreement to increase its interest in the White Rose asset subject to a restart decision on the West White Rose project. As part of the conditional agreement, Cenovus, … Read more
September 08, 2021 CALGARY, Alberta, Sept. 08, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to provide an operations update and a preliminary outlook for 2022.(1) InPlay continues to achieve strong results from our 2021 drilling program focused on the Pembina Cardium asset acquired in the … Read more
Calgary, Alberta–(Newsfile Corp. – September 8, 2021) – Cuda Oil and Gas Inc. (TSXV: CUDA) (“Cuda” or the “Company”) is pleased to release the results of its June 30th, 2021 Oil and Gas Reserves Evaluation (“2021 Mid-Year Reserves Report“) for Wyoming and Alberta. Cuda continues to advance its major asset at Barron Flats Shannon Secondary Recovery … Read more
Sept 8 (Reuters) – Oilfield service firms Schlumberger (SLB.N) and Baker Hughes (BKR.N) are counting on newer energy transition businesses like carbon capture and hydrogen fuel for growth, and expect these clean energy units to rival some of their more traditional units by the next decade, executives said on Wednesday. Schlumberger estimates that global investments for industries moving … Read more
CALGARY, AB, Sept. 8, 2021 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) announces today the appointment of Dion Hatcher as President effective January 1, 2022. He will replace Curtis Hicks, Vermilion’s current President, who will step down and continue as an advisor to the Company until April 1, 2022. Lorenzo Donadeo will continue in his current role … Read more
Sep 8, 2021 (Bloomberg) Oil edged higher as investors considered a demand outlook clouded by the comeback of Covid-19 in many regions and the continued impact of Hurricane Ida on U.S. output.Futures climbed toward $69 a barrel in New York. Almost 80% of U.S. Gulf of Mexico oil production remained shut in on Tuesday. The resulting … Read more
COPENHAGEN, Sept 8 (Reuters) – The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said. Swiss start-up Climeworks AG, which specialises in capturing carbon dioxide directly from the air, has partnered with Icelandic carbon … Read more
Summary Ida could cut annual U.S. oil output by up to 30 million barrels Gulf of Mexico thunderstorms may lead to a cyclone by Thursday HOUSTON, Sept 7 (Reuters) – Hurricane Ida’s damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according … Read more
September 08, 2021 LOS ANGELES, Sept. 08, 2021 (GLOBE NEWSWIRE) — via InvestorWire — FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF), a growth stage company focused on licensing, partnership and acquisition opportunities building upon various technological achievements, today announces that it has been featured in a broadcast via NetworkNewsAudio (NNA), a solution that delivers additional visibility, recognition and brand … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Succeeding in oil and gas development comes down to how well and how … Read more
Ofer Vicus, CEO of Aduro Clean Technologies discusses using Aduro technology to improve on existing practices, working towards a lower carbon future while increasing profitability, and making the energy industry more financially and environmentally sustainable. Ofer: “We want to enable western oil producers by way of example – Make good on their promises while making … Read more
Insights with Insight – Barben Online Webinar with Phil Harris Thursday, September 9th | 12:00pm MDT Our upcoming webinar will feature the Barben Analytical OXYvisor Oxygen Analyzer. Join us on September 9th and learn about this Process Oxygen Innovation! Barben Analytical Process Oxygen Innovation! The OXYvisor is a process oxygen analyzer, best utilized to measure oxygen … Read more
As oil and natural gas production and consumption worldwide experience modest increases due to the reopening and recovery of markets following the COVID-19 pandemic, the demand for in-service uprates of existing facilities have followed suit. The desired increase in operational and design flow rates and the variety of oil, natural gas, and refined petroleum product … Read more
September 03, 2021 Brookfield Infrastructure and Inter Pipeline Ltd. (“Inter Pipeline”) are pleased to announce that they have entered into an arrangement agreement regarding a statutory plan of arrangement, under which Brookfield Infrastructure will acquire all remaining Inter Pipeline common shares (the “Subsequent Acquisition Transaction”) Brookfield Infrastructure also announces the expiry of its take-over bid … Read more
CALGARY — Canadian pipeline giant Enbridge Inc. is increasing its presence on the U.S. Gulf Coast through a US$3-billion acquisition.
The Calgary-based company said Tuesday it will buy U.S.-based terminal and logistics company Moda Midstream Operating…
Sep 7, 2021 (Bloomberg) Brent oil erased gains as the dollar rose, even as Chinese trade data added to positive economic signs emerging from key energy users.Crude in London held steady, after earlier climbing as much as 0.8%, with the dollar’s gain making commodities priced in the currency less attractive. Still, growth in Chinese exports last month suggests … Read more
Oil rigs are seen in the Gulf of Mexico after Hurricane Ida made landfall in Louisiana, in Grand Isle, Louisiana, U.S. August 31, 2021. REUTERS/Marco Bello/File Photo NEW YORK, Sept 6 (Reuters) – More than 80% of oil production in the Gulf of Mexico remains shut in after Hurricane Ida, a U.S. regulator said on … Read more
Sept 7 (Reuters) – Enbridge Inc (ENB.TO) said on Tuesday it was buying logistics company Moda Midstream Operating LLC from private-equity firm EnCap Flatrock Midstream for $3 billion in cash, as the pipeline company ramps up its operations in the U.S. Gulf Coast region. Oil companies are strengthening their presence in the U.S. oil patch as … Read more
MOSCOW, Sept 7 (Reuters) – The head of Russia’s No. 2 oil producer Lukoil (LKOH.MM) said that oil prices of $65-$75 were “comfortable” for consumers and that the OPEC+ group of leading oil-producing nations was striving to maintain that price range by regulating output. In an interview with the Kommersant newspaper published on Tuesday, Vagit Alekperov … Read more
September 03, 2021 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 STATES CALGARY, Alberta, Sept. 03, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce that, further to … Read more
by David Yager Urban voters increasingly don’t understand where the energy and products they enjoy come from Originally published by the CBC A pumpjack in a field near Longview, Alta. Recent Canadian elections have pitted the less populated resource producing regions against urban resource consumers. That may be good politics, but it’s damaging to Canada, … Read more
Digital transformation is crucial when shooting for success in today’s world. Countless companies have been severely impacted due to the COVID-19 pandemic. Even before the pandemic, companies are faced with increasing pressures globally with uncertainties in regulations, fluctuations in global economic climate and low oil prices are forcing companies to think outside the box. Now more than ever, companies are pushed to … Read more
VentMaster After a process sample stream is analyzed, it must be disposed of in a manner consistent with environmental regulations. Today, as in the past, it has been common practice to simply vent the sample stream to the atmosphere. As environmental regulations become more stringent, it is becoming undesirable, if not illegal, to admit these … Read more
Over the course of a year, Steelhaus collaborated with its industry partners and their in-house New Product Development team to create the now field proven and remarkably reliable ReacXion Nano Frac Plug. Their singular goal: vastly improve degradable plug performance in deformed and debris laden casing. In addition, the new line of ReacXion Plugs have … Read more
CREATING A CULTURE OF SAFETY In the energy industry, getting every worker home safely at the end of a shift is of critical importance. However, safety should be more than just the focus of a few designated roles within an organization. Instead, a successful safety program requires creating a culture of safety that permeates all departments and all levels … Read more
By Koleya Karringten Access to money and financial services is a matter of survival in countries in turmoil, and Bitcoin can’t be controlled by oppressive institutions Watching the news in Afghanistan over the last weeks, my heart went out to the men, women and children facing a terrible new reality, after the end was announced … Read more
SMITHERS, B.C. — British Columbia’s minister of Indigenous relations and reconciliation says the progress on a memorandum of understanding signed last year marking the start of a new relationship between the hereditary chiefs of the Wet’suwet’en Natio…
Canada’s drilling rig count is up 5 active drilling rigs according to data collected by Baker Hughes for the week ending September 3, 2021. From one week ago, Alberta rig counts increased 3 to 102 and the Saskatchewan rig counts increased 4 to 28. Oil drilling increased 7 to 92 and gas decreased 2 to … Read more
A geo report helps get your system design right the first time, saving money and time and NCS Fluid Handling Systems engineers can help. To be clear, NCS does not charge for dewatering design fees on projects where we are performing the work and with every order you get the entire NCS Fluid Handling Systems … Read more
Canada’s position as the world’s fourth-largest producer and exporter of oil has been in the limelight for several years now, but all for the wrong reasons. Anti-Canadian oil and gas activists ignore Canada’s world-class record on Environmental, Social and Governance (ESG) indexes by engaging in unbalanced, and sometimes misleading conversations that don’t give our sector … Read more
From ENERGYminute See more articles and infographics from ENERGYminute HERE Courtesy of Pond5 Do customers prefer electric vehicles over gas-powered ones? Much of the reporting on the electric vehicle industry has focused on ‘when’ customers will switch, and not ‘if’ or ‘why’. The switch to electric was simply assumed. But, much like our assumption that … Read more
THE BEST PARTY OF THE (LATE) SUMMER! After a COVID Setback in 2020, Cody Snyder Charity Bullbustin’ is Back Again in 2021! This Time Set for September 7, 8 & 9, 2021 (NOTE: The event will move back to July 5, 6 & 7 in 2022) Held at the Grey Eagle Resort & Casino – … Read more
by Michelle Heath and Aaron Foyer More From ENERGYminute: Hydrogen Series: The Colors of Hydrogen | The Hydrogen Economy | Production Costs Sep 2nd 2021 | Coal, Electricity, Emissions, Energy, Hydrogen, Natural Gas, Renewable Energy, Sustainability There exists significant potential for hydrogen to play a role powering our future communities. There is a range for the production costs of hydrogen associated with the delivery of low-carbon green or blue hydrogen … Read more
Sep 3, 2021 (Bloomberg) Oil in New York posted its second weekly gain as the impact of Hurricane Ida continues to snarl U.S. oil production, though prices edged lower Friday following a weak U.S. jobs report.West Texas Intermediate futures capped a gain 0.8% for the week despite shedding 1% Friday. The deceleration in hiring reflects growing fears of … Read more
Sep 3, 2021 (Bloomberg) Oil in New York posted its second weekly gain as the impact of Hurricane Ida continues to snarl U.S. oil production, though prices edged lower Friday following a weak U.S. jobs report. West Texas Intermediate futures capped a gain 0.8% for the week despite shedding 1% Friday. The deceleration in hiring reflects growing fears … Read more
Sep 4, 2021 (Bloomberg) Natural gas prices are undergoing a historic surge, and it’s bad news for everyone from ceramic makers in China to customers of patisseries in Paris. The cost of the fuel is already at record seasonal highs in most major markets and looks likely to rise further, threatening to dent the recovery from … Read more
Sept 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in five weeks, with the oil rig count alone falling the most since June 2020 after Hurricane Ida hit the United States. The combined oil and gas rig count, an early indicator … Read more
Perpetual Energy Inc. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, AB, Sept. 3, 2021 /CNW/ – (TSX: PMT) (TSX: RBY) – Perpetual Energy Inc. (“Perpetual” or the “Company”) and Rubellite Energy Inc. (“Rubellite”) are pleased to announce that the previously announced Plan of Arrangement under the Business Corporations Act (Alberta) (the “Plan of Arrangement”) involving Perpetual, … Read more
Sep 3, 2021 (Bloomberg) Oil headed for a back-to-back weekly gain as traders weighed the impact of Hurricane Ida on U.S. oil infrastructure, and ahead of key American jobs data. West Texas Intermediate futures rose further on Friday and were 2.2% higher for the week. Exxon Mobil Corp. is tapping the U.S. Strategic Petroleum Reserve with more than … Read more
Sep 3, 2021 (Bloomberg) —Erin O’Toole is the one person standing in the way of a third Justin Trudeau term as Canada’s prime minister.As the Sept. 20 election approaches, the Conservative Party leader is pitching himself as the safest alternative, with a low-key style and no-nonsense plan to rev up economic growth. His platform notably includes left-leaning flourishes like … Read more
September 02, 2021 CALGARY, Alberta, Sept. 02, 2021 (GLOBE NEWSWIRE) — Cordy Oilfield Services Inc. (“Cordy”) (TSX VENTURE: CKK) announces that Amber Johnson has resigned as Cordy’s Chief Financial Officer. Her final day with Cordy will be October 1, 2021. Cordy and its Board of Directors would like to thank Ms. Johnson for her time … Read more
A multi-functional bio-diesel blending solution provides quick, cost-efficient way to distribute an environmentally friendly product to the market. In early 2021, a client contacted the Sky Eye team about an on-site bio-diesel blending solution to bridge the gap between a refinery, transport trucks and rail transport in Edmonton, AB. Sky Eye was awarded this project … Read more
Each week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold (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
by Resource Works See More From Resource Works If you had the misfortune of reading a recent article in the National Observer heralding the end of LNG, you might be reminded of that famous scene from Monty Python and the Holy Grail: Many of the same people who oppose liquified natural gas (LNG) also oppose hydroelectric projects—two … Read more
Just half of Liberal voters want to see party form a majority; 81% of CPC voters say same of their party September 2, 2021 – Canadians are bearing witness to the roller coaster ride that has been the first weeks of the 44th federal election. A comfortable advantage for the incumbent Liberals has vanished, while the Conservative … Read more
Check-out our 3 promotional offers that help support your marketing efforts by publishing your company content to your targeted energy audience. EnergyNow will deliver your marketing message to our audience of over 325,000 decision makers and energy professionals in North America. We help generate awareness & drive new identifiable sales leads. With each marketing package … Read more
OTTAWA, ON: The Canadian Taxpayers Federation is criticizing the Liberal Party’s platform for its reckless spending and lack of a plan to balance the budget. “All we’re hearing from the Liberals is more borrowing, but not a peep about balancing the budget and reining in spending,” said Franco Terrazzano, Federal Director with the CTF. “In 2015, … Read more
by Resource Works See More From Resource Works What does it look like when a major infrastructure project is hardened in the crucible of years of intense public scrutiny? The Trans Mountain Pipeline Expansion project—the $7 billion oil pipeline twinning from Edmonton to Vancouver—might go down in history as a design affected as much by … Read more
HOUSTON, Sept 2 (Reuters) – U.S. oil and gas companies strained to get offshore operations back up and running and the White House on Thursday was considering a release of emergency fuel stocks as the extent of Hurricane Ida’s damages became more apparent. Ida’s 150-mile-per-hour (240 kph) winds delivered a direct hit to the nation’s … Read more
Sep 2, 2021 (Bloomberg) Global benchmark Brent oil was little changed, near $72 a barrel, after OPEC+ stuck with a plan to boost crude production, wagering that the market can absorb the additional supply.Following a swift meeting on Wednesday, ministers from the Organization of Petroleum Exporting Countries and its allies ratified a 400,000 barrel-a-day increase scheduled … Read more
At Muddy Boots Inc. we believe that having one piece of software that handles many facets of the operation is very cost-effective. With an integrated platform for operations software, you have: One system instead of many, saving you money. All your data in one place, increasing data accuracy and saving you time. All staff using … Read more
WASHINGTON — The relentless march of climate change, a burgeoning tech sector and the ongoing federal election campaign make now the perfect time to explore how to make Canada a world power in the production of critical minerals, the country’s busines…
CALGARY, Alberta, Aug 31 (Reuters) – Alberta expects a budget deficit of C$7.8 billion in the 2021-22 fiscal year, the government said on Tuesday, significantly smaller than its previous estimate of a C$18.2 billion shortfall. Strong global crude prices, increasing oil production, lower unemployment and increased exports helped Alberta revenues climb more than expected. The … Read more
CALGARY, Alberta, Sept 1 (Reuters) – Canadian pipeline operator Enbridge Inc (ENB.TO) notified oil shippers on Wednesday that it would offer capacity for 620,000 barrels per day (bpd) on its Line 3 oil pipeline starting in October, signaling confidence in completing the long-delayed project. The aging pipeline, which Enbridge is replacing, carries oil from Alberta to … Read more
CALGARY — The federal Liberals are proposing a $2-billion fund to help workers in oil-producing provinces transition to a greener economy.
The Liberals say they will partner with workers and communities in Alberta, Saskatchewan and Newfoundland and La…
CALGARY, Alberta, Sept. 01, 2021 (GLOBE NEWSWIRE) — Baytex Energy Corp. (TSX: BTE) is pleased to provide an update to its 2021 Clearwater appraisal program and announce a second strategic land agreement with the Peavine Métis Settlement. “The Clearwater has emerged as one of the most profitable plays in Canada and our 2021 appraisal program … Read more
Alimentation Couche-Tard Inc. hopes that its promotion of COVID-19 vaccines for employees will help the convenience store retailer to mitigate some of the challenges from the Delta variant.
The Quebec-based company said office workers must get vaccin…
Sep 1, 2021 (Bloomberg) Pressure is increasing on managers of ESG-labeled investment funds to show they’re being truthful with customers about what they’re selling.The heat was really turned up last week when the U.S. Securities and Exchange Commission and BaFin, Germany’s financial regulator, initiated a probe into allegations that Deutsche Bank AG’s DWS Group asset-management arm has been misstating the … Read more
Sep 1, 2021 (Bloomberg) OPEC and its allies will meet today to review its plans for reviving halted oil production, with delegates expecting the group will ratify another increase in October.With crude prices mostly recovered from their mid-August slump and the supply outlook relatively tight for the rest of the year, the group has little reason to change … Read more
Sep 1, 2021 (Bloomberg) Oil was little changed ahead of an OPEC+ meeting that should see further output added to a market that the group sees as needing extra supply.West Texas Intermediate was up 0.2% after losing more than 7% in August, the biggest monthly decline this year. The Organization of Petroleum Exporting Countries and its … Read more
CALGARY, AB, Aug. 31, 2021 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSXV: SDE) is pleased to announce the closing of its previously announced acquisition (the “Acquisition“) of Velvet Energy Ltd. (“Velvet“), a privately held light-oil Montney producer with operations primarily in the Gold Creek, Karr and Pouce Coupe areas of northwest Alberta (the “Velvet Assets“). Total consideration for the Acquisition is approximately $751.5 million(20), comprised … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Regulatory bodies have long been a prominent leader in protecting public safety while … Read more
By David Yager Justin Trudeau’s days as Prime Minister of Canada are numbered. His reign of error will end soon. His only salvation is if he and his Liberal Party somehow perform a miracle and win a majority government on September 20. Even if Trudeau wins a minority government, his internal support will evaporate immediately. … Read more
Eliminate the risk of ground contamination when refueling vehicles and equipment on sites and remote areas. Enviro-Pads’ Refueling Station is ideal for the refueling of vehicles and equipment. Equipment drives onto the contained refueling platform and refuels, containing any spills and/or leaks. This modular system is portable, reusable and is setup in an efficient manner. … Read more
Nathan Petherick, Partner at B&A Planning Group discusses B&A’s custom monitoring program, land-use consideration in the sector, and the services B&A provides to the energy industry. Nathan: “We’re looking at developing climate adaptive strategies in our new communities and using some of those measurements to assess the success of these communities as they move forward.” … Read more
Every business wants to grow and growth needs strategy. In energy, one strategy for continued growth is M&A, especially when the market goes into increased volatility. Year-to-date globally, there are 256 upstream deals with a value of $88.24 billion. This week, i3 Energy closes its acquisition of strategic Central Alberta assets from Cenovus Energy for … Read more
Early detection of unintended hydrocarbon leaks is key to early response, and to avoiding or mitigating adverse environmental, health, safety and business impacts. Robust and reliable round-the-clock monitoring is especially required for high consequence areas. However, timely identifying leaks at remote or unmanned assets in aboveground and offshore segments of the oil and gas network, … Read more
EDMONTON — Alberta’s Canadian Energy Centre appears ready to be vocal again, planning a new campaign to “change perceptions” about the province’s oil and gas industry and build what it’s calling a social movement in its support.
One year after the pro…
By Geoffrey Cann If you’re submitting a funding request to a competitive call for investment proposals, here’s some tips to help you make the killer pitch. A Pitch Off One of the really great side benefits of my self-defined role as head cheerleader for digital innovation in oil and gas is the constant exposure to … Read more
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada