Oct 31, 2021 (Bloomberg) Leaders of the Group of 20 countries agreed on a climate deal that fell well short of what some nations were pushing for, leaving it to negotiators at the COP26 summit in Glasgow this week to try to achieve a breakthrough. “It is easy to suggest difficult things. It is very difficult to actually … Read more
LONDON, Oct 29 (Reuters) – The White House has consistently argued the global economy will grow its way out of current supply chain bottlenecks, with strong demand encouraging investment in new capacity, bringing price rises gradually under control. In this view, demand will eventually create its own supply, without generating too much inflation in the … Read more
Oct 29, 2021 (Bloomberg) For the past year, oil consuming countries have become increasingly anxious at crude’s resurgence: first to $50 a barrel, then $75 and now to more than $85. And when Vladimir Putin, one of the leaders of the OPEC+ cartel, warned that $100 a barrel was a distinct possibility, the alarm bells really started … Read more
Polypropylene and polyethylene: more than a tongue twister, these hydrocarbon-based products enable our modern way of life By Brittany Elves Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Look around the room, how many of these items do you see right now? How many have you used today? How many … Read more
Oct 28, 2021 (Bloomberg) The Group of 20 came into its own during the 2008 financial crisis in order to avoid a global depression. It was a turning point that made clear that big decisions could no longer be taken without the fastest growing economies. Fast forward to now, and the leaders of the nations … Read more
HOUSTON, B.C. — RCMP say officers will be patrolling a forestry road in an area where two people were arrested among a group blockading a Coastal GasLink workers’ camp near Houston, B.C.
Cpl. Madonna Saunderson says in a release that police received s…
Exxon Mobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.
The oil and natural gas com…
BILLINGS, Mont. (AP) — The Biden administration said Friday that industry regulators for the first time will begin analyzing greenhouse gas emissions from federal oil and gas leases on a national scale, as they prepare to hold lease sales in numerous …
CALGARY, AB, Oct. 28, 2021 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report its third quarter 2021 results including record production, record free cash flow(a) and accelerated debt reduction. Operational performance of our summer development program exceeded expectations, with many of our new wells ranking amongst the best producers in our history. With … Read more
CALGARY — Imperial Oil Ltd.’s chief executive lauded “what a difference a year makes” as the Calgary-based company reported its highest third-quarter production in more than 30 years against a backdrop of surging oil prices.
Brad Corson, who is also t…
The Imperial Strathcona Refinery which produces petrochemicals is seen near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol Oct 29 (Reuters) – Canada’s Imperial Oil Ltd (IMO.TO) said its third-quarter profit more than doubled from the prior quarter on Friday, boosted by a rally in global crude prices, higher output and increased demand for motor fuels. Oil … Read more
Summary New coal plants to emit 28 bln tonnes carbon COP26 host wants agreement on ending coal use Asian governments say coal needed for economic growth Coal remains world’s leading power-generation fuel UDANGUDI, India/TOKYO, Oct 29 (Reuters) – On the coastline near India’s southern tip, workers toil on a pier carrying a conveyor belt that … Read more
Oct 29, 2021 (Bloomberg) OPEC+ technical experts downgraded their expectations for how tight global oil markets will be this quarter, a week before ministers meet to decide production policy. The global oil-supply deficit will be just 300,000 barrels a day on average in the fourth quarter, the coalition’s Joint Technical Committee concluded on Thursday, according to … Read more
Oct 29, 2021 (Bloomberg) Oil is on course for a monthly gain of about 10% on sustained signs that consumption is outpacing supply, draining stockpiles.West Texas Intermediate was little changed after a volatile week that saw prices register a seven-year high above $85 a barrel on Monday. China is canvassing its oil refiners for solutions to its energy … Read more
Oct 29, 2021 (Bloomberg) Negotiations at the Group of 20 summit in Rome dragged past midnight, stuck on energy and climate. Some countries singled out China, saying it is refusing to beef up commitments to limit temperature increases and digging in over coal.The countries are set to commit to ending international funding for coal-fired power plants … Read more
October 29, 2021 CALGARY, Alberta, Oct. 29, 2021 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to announce that it has successfully increased its Reserve Based Loan (“RBL” or “Credit Facility”) to $280 million, from $225 million previously. The Credit Facility upsize is driven by Pipestone’s efficient execution of its … Read more
October 28, 2021 CALGARY, AB – The Petroleum Services Association of Canada (PSAC) extends congratulations to all members of the Government of Canada’s new cabinet sworn in earlier this week. We understand that managing Canada’s economic recovery and the impacts of COVID-19 will be high on their list of priorities. “We wish members of the new cabinet success in … Read more
Brookfield Infrastructure Closes Strategic Acquisition of Inter Pipeline TORONTO and CALGARY, AB, Oct. 28, 2021 /CNW/ – Brookfield Infrastructure Partners L.P. (NYSE: BIP) (TSX: BIP.UN), together with its institutional partners (collectively, “Brookfield Infrastructure“) and Inter Pipeline Ltd. (“Inter Pipeline“) (TSX: IPL) are pleased to announce the successful completion of Brookfield Infrastructure’s strategic acquisition of Inter Pipeline pursuant to the previously announced statutory … Read more
Revenues from Alberta oil and gas can end up in provinces that look down on the industry 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 In the recent equalization referendum in Alberta, nearly 62 percent of voters endorsed removing equalization from the constitution. One … Read more
Each week Josef Schachter gives 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 also hold quarterly webinars and provide Action … Read more
CALGARY — Brookfield Infrastructure Partners L.P. says it has completed the acquisition of Inter Pipeline Ltd.
The transaction was approved near unanimously by Inter Pipeline shareholders and received final approval from an Alberta court.
Shareholders…
CALGARY — Suncor Energy Inc. says it earned a net profit of $877 million in its latest quarter as it continued to pay down debt and ramp up production in the wake of higher oil prices.
The Calgary-based oil producer and refiner reported after markets …
EDMONTON — The Alberta government has introduced legislation that it says would help municipalities recoup some of the millions of dollars in unpaid property taxes they’re owed by energy companies.
“It’s a legal resource where the (municipalities) can…
CALGARY, AB, Oct. 28, 2021 /CNW/ – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (POE – TSXV) is pleased to provide the following Operations and Corporate update. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day. THAILAND Concession L53 (Pan Orient Energy (Siam) Ltd., … Read more
Production guidance increased to 24,300 – 24,500 boe/d Accelerated three wells from our 2022 program into 2021, remaining within our capital guidance Stephen Loukas employment contract extended to December 31, 2022 Calgary, Alberta–(Newsfile Corp. – October 27, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased … Read more
CALGARY, AB, Oct. 28, 2021 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited consolidated financial results for the three and nine months ended September 30, 2021. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related Management’s … Read more
CAPP ESG report shows Indigenous resource economy worth more than $2.6 billion CALGARY, AB, Oct. 28, 2021 /CNW/ – The Canadian Association of Petroleum Producers (CAPP) has released a new report, Indigenous Engagement and ESG, its second in a series outlining environment, social and governance (ESG) performance in Canada’s upstream natural gas and oil industry. The report highlights many examples of how Indigenous … Read more
October 28, 2021 CALGARY, Alberta, Oct. 28, 2021 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia, is pleased to confirm the Q3 sale of our Lloydminster heavy oil asset representing the final … Read more
WASHINGTON (AP) — ExxonMobil’s chief executive said Thursday that his company “does not spread disinformation regarding climate change″ as he and other oil company chiefs countered congressional allegations the industry concealed evidence about the da…
Oct 28, 2021 (Bloomberg) Oil fell for a second day as one of the top energy diplomats in the U.S. urged producers to hike output.West Texas Intermediate declined 1.3%, falling for a second session. The global economy is facing an energy crisis, Amos Hochstein, the U.S. State Department’s senior adviser for energy security, said Thursday on … Read more
Oct 27, 2021 (Bloomberg) The Bank of Canada ended its bond-buying stimulus program and accelerated the potential timing of future interest rate increases amid worries that supply disruptions are driving up inflation. In a statement Wednesday, policymakers led by Governor Tiff Macklem announced they would stop growing holdings of Canadian government bonds, ending a quantitative easing … Read more
Oct 27, 2021 (Bloomberg) Energy Vault Inc., which uses gravity to store large amounts of energy, plans to install its systems in Louisiana, Ohio and British Columbia, marking the first time the startup has announced projects in North America. All three locations will provide energy storage for sustainable aviation-fuel maker DG Fuels LLC, according to a … Read more
CALGARY — Crescent Point Energy Corp. reported a third-quarter profit of $77.5 million, up from $500,000 a year earlier, helped by higher energy prices and increased production.
The company says the profit amounted to 13 cents per diluted share for th…
Canadian fossil fuel producers receive more public financial support than any in the developed world, according to a new analysis.
And compared to subsidies for oil, gas and coal, renewable energy gets less government help in Canada than in any other …
The Canadian Association of Energy Contractors (CAOEC) congratulates all members of the federal cabinet appointed on October 26. “The CAOEC looks forward to continuing to work together with the federal government and newly appointed cabinet ministers to advance Canada’s best-in-class energy industry,” says CAOEC CEO Mark Scholz. Canada’s energy services sector is a willing partner … Read more
Reuters Explainer: What is ‘greenwashing’ Oct 26 (Reuters) – What seems friendly to the environment but is not? Greenwashing. The phrase evokes painting something “green”, or environmentally friendly, and describes exaggerated and misleading claims that suggest a company or country are stewards of the environment without real action. As countries gather for the COP26 climate talks … Read more
October 27, 2021 Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, … Read more
TSX: TVE CALGARY, AB, Oct. 27, 2021 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2021. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack’s unaudited condensed consolidated interim financial statements for the … Read more
Please join the Coalition of Concerned Manufacturers and Businesses of Canada for this very important Zoom event. “Banning Oil and Gas. How Just is Just Transition” Make sure to share this invite with everyone you can. Ask yourself why a province like Quebec that uses imported off shore oil and gas products from countries like Saudi … Read more
BARCELONA, Spain (AP) — For the second time in a month, a member of Spain’s government met with Algerian officials on Wednesday to guarantee the European country’s supply of natural gas after Algeria closes a pipeline that runs through Morocco this we…
Our Sunrise Phase I and II facilities are an industry-leading example of how electrification can deliver ultra-low emissions and strong economics. Located in the Montney, 30 kilometres west of Dawson Creek, our Sunrise facilities have made significant strides in energy efficiency and lowering our overall GHG emissions intensity. Combined, the facilities process approximately 280 MMcf … Read more
TORONTO — The University of Toronto says it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 and target a net-zero portfolio by 2050 to help fight climate change.
The commitment includes divesting from all …
Oct 27, 2021 (Bloomberg) After Saudi Arabia announced it planned to reach net-zero emissions by 2060, the instant reaction for many was incredulity and bemusement.On social media commentators competed to find the best analogies: it’s like an abattoir saying its canteen will only serve vegetarian food, said one. Another quipped it sounded like a tobacco company … Read more
Oct 26, 2021 (Bloomberg) Ahead of climate talks in Glasgow, investors are looking for clues on how they may be affected by a faster transition toward a zero-carbon economy.At the COP26 summit, dozens of world leaders and corporate executives are expected to lay out plans on cutting emissions, financing the move away from fossil fuels and launching a system of tradable … Read more
Oct 27, 2021 (Bloomberg) Oil’s bumper rally cooled after an increase in U.S. crude inventories and as industrial commodities retreated.Global benchmark Brent fell 1.4%, after failing to break through its 2018 high so far this week. The American Petroleum Institute reported crude stockpiles rose 2.32 million barrels last week, while gasoline and distillate supplies also … Read more
HOUSTON/BOSTON, Oct 27 (Reuters) – Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies … Read more
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Earlier this year, we published our first Production Top 10s list, illustrating … Read more
Introducing Intricate Solutions: The #1 trusted Oil & Gas Software Solution built by peers for industry peers. Intricate’s software easily integrates with other systems to create alignment between departments for easy and intuitive reporting and asset management. The backbone for all energy field services. Take a look at Intricate’s Environmental Software Suite. A fully-Integrated cloud … Read more
EV’s latest ‘Video of the Month’ case study showcases how the application of RestrictionVA, supported by Optis technology, helped a leading operator in the Middle East understand a restriction in one of the laterals, preventing them from completing an acid stimulation in their oil producing multi-lateral well: https://www.evcam.com/case-studies/complex-restriction-in-multi-lateral-well/ The well features a smart completion, involving … Read more
Sea can shipping containers change the game when it comes to constructing affordable and sustainable fabric structures for all your commercial and industrial mining needs For starters, they serve as a great storage option and offer a place of shelter from the elements at job sites. They’re also a cost-effective building foundation, and make the … Read more
Oplii has released a DIY editor that lets users design smartforms in mere minutes. “These forms are much more than simple checklists,” says Product Manager Jessica Hallam. “They can be assigned as inspections or attached to work orders, used to improve asset data, completed on or offline. And they’re pretty fun to design, too.” Why … Read more
Oil and Gas Operators lives are busy and dangerous. From driving hundreds of kilometers on ice-covered roads to checking wells and unthawing frozen lines, each day comes with its hazards. However, Operators wellbeing should not be put at risk, nor have to fear an impending threat to their safety, with an improperly functioning enclosed vapour … Read more
Glasgow translates as “dear green place.” At COP26, they’ll find that going green is dear indeed. Well?Photographer: Jim Watson/AFP/Getty Images by Niall Ferguson Niall Ferguson is the Milbank Family Senior Fellow at the Hoover Institution at Stanford University and a Bloomberg Opinion columnist. He was previously a professor of history at Harvard, New York University … Read more
Canadian Prime Minister Justin Trudeau on Tuesday sparked concern in the country’s oil patch and hope among green advocates when he named two men with strong environmental records to lead his government’s fight against climate change. Steven Guilbeault was named environment and climate change minister as part of a major Cabinet shuffle following September’s vote … Read more
EDMONTON, AB: The Canadian Taxpayers Federation is calling on Prime Minister Justin Trudeau and premiers to begin negotiations on the equalization program in light of today’s result showing 61.7 per cent of Albertans voting to abolish the equalization status quo. “Albertans have gone to the polls and sent a clear message that equalization isn’t working … Read more
Oct 26, 2021 (Bloomberg) The abundance of cheap hydro-electric power that made Quebec a haven for cryptocurrency miners and data centers is now attracting other potential power-thirsty buyers: European green hydrogen producers.“We have people right now in Europe who want to decarbonize: They are very interested in coming to Quebec to produce green hydrogen from green … Read more
LONDON, Oct 26 (Reuters) – Rejecting calls from consuming countries for faster output increases, OPEC+ has warned about continuing risks posed by the coronavirus pandemic and a forecast rise in oil inventories next year. OPEC+ is currently raising its production target by 0.4 million barrels per day (bpd) each month, but has pushed back against … Read more
Calgary, Alberta–(Newsfile Corp. – October 26, 2021) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company“) is pleased to announce its third quarter results for 2021. The following news release should be read in conjunction with Management’s Discussion and Analysis (“MD&A”), the unaudited interim consolidated financial statements and related notes of Trican for … Read more
Oct 26, 2021 (Bloomberg) Saudi Aramco said oil-output capacity across the world is dropping quickly and companies need to invest more in production.It’s a “huge concern,” Chief Executive Officer Amin Nasser said in an interview in Riyadh, Saudi Arabia’s capital. “The spare capacity is shrinking.”His comments come with crude prices having soared 70% this year to … Read more
Oct 26, 2021 (Bloomberg) Justin Trudeau unveiled a new cabinet that puts an environmental activist in charge of climate policy, while shuffling other key posts in a bid by the Canadian prime minister to breathe new life into an administration entering its seventh year in power.Steven Guilbeault, a former Greenpeace director who was arrested for scaling … Read more
Environment Minister Jonathan Wilkinson moves to Minister of Natural Resources while Minister Seamus O’Regan is removed. Expectation is that Minister Wilkinson will focus on clean tech. Steven Guilbeault, Minister of Canadian Heritage and a former Director and Campaign Manager for Greenpeace is now the new Minister Environment & Climate Change. See New Cabinet Here:
Oct 26, 2021 (Bloomberg) Oil traded near its highest level since 2018 amid expectations that stockpiles will continue to decline globally as OPEC+ keeps a tight rein on supply.Brent crude edged lower from its highest close in three years. Later Tuesday, the American Petroleum Institute will report estimates for U.S. oil inventories, including at the key … Read more
Oct 26, 2021 (Bloomberg) Europe’s energy crisis and a spike in natural gas prices are proving to be a boon for Norway, delivering a flood of revenue for the country that’s already one of the world’s richest.Norway, with huge oil and gas fields, saw exports hit an all-time high for a third straight month in September, with natural … Read more
Oct 26, 2021 (Bloomberg) The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and investors are about to find out what they’ll do with it.The five supermajors — starting with Royal Dutch Shell Plc and TotalEnergies SE, who release earnings on Thursday — will report about … Read more
New ESG targets and emissions reduction strategies October 26, 2021 Positions to achieve zero emissions from operations, on a net basis, by 2050 Sets 30 per cent reduction target in greenhouse gas (GHG) emissions intensity by 2030 Advances commitment to Indigenous peoples outlined in the Reconciliation Action Plan CALGARY, Alberta, Oct. 26, 2021 (GLOBE NEWSWIRE) — … Read more
Oil and gas sector provided more than $4 billion annually to Alberta’s total contribution to federal finances over 13-year period. 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 The oil and gas extraction sector in … Read more
It’s an embarrassing statistic for a G7 economy. In its annual global assessment of how long it takes to process a construction permit, the World Bank ranked Canada at #64. We have become a country where it is simply becoming too difficult to build big infrastructure and energy projects. Too often, the rules change, the … Read more
Oct 25, 2021 (Bloomberg) The pool of potential buyers for fossil-fuel stocks keeps shrinking and shrinking.About 1,500 investment institutions overseeing a combined $39.2 trillion of assets are now committed to divesting from fossil fuels, according to a report issued Tuesday by DivestInvest. That’s a huge increase from $52 billion across 181 institutions in 2014, the first year the group tallied such commitments. So … Read more
VICTORIA — British Columbia has introduced a plan to reach its legislated target to reduce greenhouse gas emissions by 2030 with initiatives like slashing the number of kilometres driven and boosting the carbon tax.
The new plan sets a target of 10,0…
As executives from JPMorgan Chase & Co., Citigroup Inc., Deutsche Bank AG and other lenders prepare for the most important UN climate summit in six years, their companies continue to help provide almost as much money for fossil fuels as for green projects. Scientists have made clear that time is running out to prevent a climate catastrophe. Yet this year alone, banks have … 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 Oct 25 (Reuters) – Goldman Sachs said a strong rebound in global oil demand could push Brent crude oil prices above its year-end forecast of $90 per barrel. The U.S. investment … Read more
Oct 25, 2021 (Bloomberg) The Canadian stock market posted its longest streak of gains ever as a rally in commodities pushed the benchmark higher for a 14th straight session.The S&P/TSX Composite Index rose 0.3% to an all-time high Monday. It has added about C$237 billion ($191 billion) in market value during its recent winning streak, according … Read more
Oct 25, 2021 (Bloomberg) Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet. Tesla Inc.’s shares soared, pushing the automaker’s value past $1 trillion for the first time. The cars will be delivered over the next … Read more
October 25, 2021 CALGARY, Alberta, Oct. 25, 2021 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its third quarter operating and financial results for the period ended September 30, 2021 (“Q3 2021“). PrairieSky is also pleased to announce an extension and expansion of the Company’s credit facility … Read more
Oct 25, 2021 Executive team and board of directors announced VANCOUVER, BC, Oct. 25, 2021 /CNW/ – The British Columbia Centre for Innovation and Clean Energy (CICE), is now operational with the appointment of an executive team and board of directors. The CICE was founded by the Government of British Columbia, Government of Canada and Shell Canada and will bring together … Read more
By Geoffrey Cann Should cities that are weighted on oil production declare climate emergencies? Why or why not? Please debate. The Backstory Calgary’s incoming Mayor has indicated that her first order of business will be to attempt to have the newly elected City Council declare a climate emergency. The Mayor-elect has a background in corporate and social responsibility, … Read more
BENGALURU, Oct 25 (Reuters) – Setting the global average price of carbon per tonne significantly higher at $100 or more is necessary right away to incentivise net zero emissions by 2050, according to a Reuters poll of climate economists. Carbon pricing has come to the forefront of policy measures seen as ways to reduce emissions … Read more
Oct 25, 2021 (Bloomberg) Brent oil rallied above $86 a barrel after Saudi Arabia urged caution in boosting supply, while an eye-watering rally in market structure deepened. The global crude benchmark advanced 0.6%, while West Texas Intermediate hit the highest since 2014. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told Bloomberg Television at the weekend … Read more
CALGARY, Alberta/NEW YORK, Oct 25 (Reuters) – Demand has jumped for relatively cheap Canadian natural gas, driving exports to the United States to three-year highs and prompting producers in Canada to boost capital spending and drilling activity. Global natural gas prices have hit multi-year highs as world economies recover from last year’s slowdown during the … Read more
October 25, 2021 CALGARY, Alberta, Oct. 25, 2021 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) announces that it has closed the issuance of US$350 million of Senior Secured Notes and the syndication of a $110 million reserve based credit facility. Athabasca’s strategy is to position itself as a low leveraged … Read more
(Bloomberg) Canada’s oil sands are known for yielding some of the heaviest, most carbon-intensive oil in the world but it’s the light crude that the country produces that is most in demand at the moment. Refiners across the U.S. Gulf Coast, Midwest and Eastern Canada are seeking oil that’s less dense and has less sulfur … Read more
Oct 24, 2021 (Bloomberg) COP climate talks were always going to be difficult: 200 countries in search of a plan to prevent catastrophic warming of the planet with time running out fast. The backdrop of terrifying weather events had brought a renewed sense of urgency to the matter. Then, the energy crisis struck, leaving Asia and Europe scrambling for fossil … Read more
The NCS Fluid Handling Systems service team was recently dispatched to a deep well dewatering project. In this case the project was to assist with ground water flow data for future industrial development. This valuable ground water data will form an integral part of the projects ground water management strategy and dewatering program, as well … Read more
A lot has changed since the pre-pandemic climate playbook By David Yager for the Canadian Energy Centre Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Global leaders gather at the 2021 Ministerial Council Meeting of the Organization for Economic Co-operation and Development. Photo courtesy OECD One of the … Read more
Tanks Vapors are a major sources of emissions During oil and gas production, pressurized formation liquids (oil and water) are often stored in liquid storage tanks. When the pressurized liquid solution enters the atmospheric storage tank, gases are released from the solution. Often, these gases are emitted from the tank’s vent, which is used to … Read more
Detection of toxic and combustible gas leaks is increasingly important for human and environmental protection, but fixed point wired detectors can only monitor a limited area in a cost effective way. Widespread adoption of the WirelessHART network protocol (IEC 62591) and recent advances in lithium battery technology, however, have made it affordable to supplement wired … Read more
DUBAI, Oct 24 (Reuters) – Saudi Arabia wants to be the biggest supplier of hydrogen, the country’s Energy Minister Prince Abdulaziz bin Salman al-Saud said on Sunday. The world’s biggest oil exporter intends to produce and export something within the neighborhood of about 4 million tons of hydrogen by 2030, the minister added. The chief … Read more
The Canadian Energy Centre is vital for this effort By Dale Swampy Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Dale Swampy is president of the National Coalition of Chiefs. Photograph for Canadian Energy Centre For far too long, governments and the energy industry have sat back passively and … Read more
With seven days to go until global climate talks kick off in Glasgow, the noise of announcements and initiatives is growing louder. The chances of success remain decidedly mixed. First, the good news. Negotiators are making progress on one of the key goals of talks — setting out rules for a global carbon market which, if well … Read more
CALGARY, Alberta, Oct. 22, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce that it has closed its previously announced private placement of common shares of Razor (each, a “Razor Share”) for a subscription price of $0.84 per Razor Share (the “Issue Price”) with Alberta Investment Management … Read more
(Bloomberg) Saudi Arabia, the world’s largest oil exporter, committed to ending planet-warming emissions by 2060 but made clear the new plan won’t work if the country is stopped from continuing to pump millions of barrels a day for decades. It’s “an aim that enables us to say to the world: We are with you. We share the same concern. … Read more
RIYADH, Oct 23 (Reuters) – Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber on Saturday stressed the importance of oil and gas in meeting energy requirements and said climate action should not be an economic burden on developing nations. Jaber, who is also the United Arab Emirates’ minister of industry and advanced technology, … Read more
Consumers around the world are about to get socked with even higher prices on everyday items, companies from food giant Unilever Plc to lubricant maker WD-40 Co. warned this week as they grapple with supply difficulties. The maker of Dove soap and Magnum ice-cream bars jacked up prices by more than 4% on average last … Read more
Courtesy of ENERGYminute by Michelle Heath and Aaron Foyer The 2020s are so far a decade of tech and innovation. A survey by StartUs of 3,000 energy startups found where companies are focusing their efforts.
Welcome to EnergyNow — every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in the energy industry. Sign Up Here to get the day’s top stories delivered straight to your inbox. Forgive us if you heard this before, but video marketing is kind of a … Read more
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Courtesy of Global News The United States had the Mueller Report. Alberta has the Alberta Inquiry Report. This controversial report, released on Thursday by Government of Alberta, examined foreign funding of Canadian environmental groups. Much like the inquiry itself, its findings are mixed and controversial. … Read more
CEC response to recommendations in the Public Inquiry into Anti-Alberta Energy Campaigns By CEC Staff Energy worker in Alberta. Photograph courtesy Government of Alberta In its nearly two years of operation, the Canadian Energy Centre has had the opportunity to use its platform to give a voice to the thousands of Canadians who make a living … Read more
Oct 22 (Reuters) – U.S. energy firms this week cut oil and natural gas rigs for the first time in seven weeks even as oil prices rose to fresh seven year highs. The U.S. oil and gas rig count, an early indicator of future output, fell by 1 to 542 in the week to Oct. … Read more
HALIFAX — An Alberta energy company has abandoned its plan to create huge salt caverns north of Halifax to store natural gas.
AltaGas announced today it will decommission the Alton Natural Gas Storage Project near Stewiacke, N.S., because the company …
WASHINGTON — Lawyers for Enbridge Inc. are asking a judge in Michigan to consider the bilateral implications of the state’s bid to shut down the Line 5 cross-border pipeline.
Newly filed court documents say the dispute is now well and truly a federal…
Oct 22, 2021 (Bloomberg) Oil rose as supplies at the biggest U.S. storage hub tumbled amid an energy crisis that’s sent foreign buyers hunting for cheaper barrels. Crude futures in New York advanced above $83 a barrel, erasing an earlier decline as the dollar cooled. While headline prices have been volatile over the past two sessions, … Read more
By Will Wade Oct 21, 2021 (Bloomberg) –Hydro-Quebec expects pushback from U.S. rivals that sell power generated from fossil fuels as it prepares to begin construction on a transmission line that will deliver hydroelectricity from Canada to New York City. While 36 local communities along the route have already signed off on the 1,250-megawatt Champlain … Read more
WINNIPEG, Manitoba, Oct 22 (Reuters) – Canada’s oil producers face new pressure from Prime Minister Justin Trudeau to reduce emissions in just three years, a sudden acceleration of their plans that at least one major company said looks unrealistic. Suncor Energy (SU.TO), the second-largest Canadian crude producer, says it remains focused on cutting emissions by 2030, … Read more
2013 Volvo A40F 6X6 Articulated Dump Truck Day 1-2 Feature: Wheel Loaders, Rock Trucks, Picker Trucks, Truck Tractors, Bed Trucks, Dump Trucks, Flatdeck Trucks, Pickup Trucks, Vehicles, Trailers, Skid Steer Attachments, Generators, Welders, Power and Hand Tools and Much More! View, Join & Bid on Day 1 Lots…https://bit.ly/3BKNLy8 For questions regarding Day 1-2, call Century … Read more
EDMONTON — Alberta’s public inquiry into the role of foreign funding of campaigns opposing oilsands development has found environmental groups have done nothing wrong.
Inquiry commissioner Steve Allan says the groups behind those campaigns were withi…
Each week Josef Schachter gives 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 also hold quarterly webinars and provide Action … Read more
Canada’s representatives at the COP 26 Climate Change Conference need to tell the truth about our energy sector, not apologize for it. Starting on October 31 countries are sending representatives to Glasgow, Scotland to agree to new climate change goals. Canada’s oil and gas sector has made huge strides to combat climate change and Canada’s … Read more
CALGARY — The Alberta Energy Regulator has laid charges against Tidewater Midstream and Infrastructure Ltd. for a release of acidic water in west-central Alberta.
The regulator says the release occurred in Oct. 2019 at Tidewater’s Ram River sour gas p…
Canada’s drilling rig count is down 4 active drilling rigs according to data collected by Baker Hughes for the week ending October 22, 2021. From one week ago, Alberta rig counts stayed at 119 and the Saskatchewan rig counts decreased 1 to 25. Oil drilling decreased 5 to 93 and gas increased 1 to 71.
By Robert Tuttle (Bloomberg) Canadian National Railway Co. expects hydrogen shipments in tank cars could grow to the size of the crude-by-rail business as energy companies plan to ramp up production of the clean-burning gas.Companies including Air Products & Chemicals Inc., Suncor Energy Inc. and ATCO Ltd. have announced plans to build hydrogen-production plants in Alberta … Read more
CALGARY, AB, Oct. 21, 2021 /CNW/ – The Oil Sands Pathways to Net Zero initiative, an alliance between Canada’s five largest oil sands producers, has announced additional details of its plan to achieve the goal of net zero greenhouse gas (GHG) emissions from oil sands operations. “As a significant source of Canada’s GHG emissions, we know we must also be part … Read more
Quebec, Oct. 20, 2021 /CNW Telbec/ – The announcement by the Quebec government that it plans to ban the exploration and production of hydrocarbons on its territory represents an historic error that will cost Quebecers dearly. “This decision is all the more ironic in that the Premier is offering Quebecers an economic nationalism that encourages the production and purchase in Quebec of … Read more
October 21, 2021 CALGARY, Alberta, Oct. 21, 2021 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this … Read more
$2.5 million available to support digital innovation in clean energy projects October 21, 2021 CALGARY, Alberta, Oct. 21, 2021 (GLOBE NEWSWIRE) — Alberta Innovates is announcing a new round of funding under its Digital Innovation in Clean Energy (DICE) program. $2.5 million in funding from Alberta Innovates is available, with up to $350,000 available per project. DICE … Read more
SACRAMENTO, Calif. (AP) — California’s oil and gas regulator on Thursday proposed that the state ban new oil drilling within 3,200 feet of schools, homes and hospitals to protect public health in what would be the nation’s largest buffer zone between …
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 LONDON, Oct 21 (Reuters) – For all the angst caused by this year’s 65% oil price leap, concerns about a return to 1970s-style stagflation are overblown and the developed world, at … Read more
CALGARY, ALBERTA – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that it has signed a memorandum of understanding (“MOU”) with Federated Co-operatives Limited (“FCL”) to use Whitecap’s expertise in carbon capture utilization and storage (“CCUS”) to assist FCL in achieving their emissions targets in Saskatchewan. The MOU contemplates the … Read more
Oct 21, 2021 (Bloomberg) Oil fell amid a broad-based retreat in industrial commodities, though trader focus was glued to a surging market structure as inventories decline in the U.S.Futures in New York lost 1.2%, declining from their strongest closing price since 2014. Commodities including copper and iron ore slid as the prospect for headwinds to China’s … Read more
Summary MSCI energy index up more than 40% in 2021 Banks, funds say dividends, earnings to power more gains Turnaround comes amid weak oil & gas capex MILAN/LONDON, Oct 21 (Reuters) – Big oil is back. After enduring a near-death experience during the COVID crisis when demand plummeted and being distinctly off-trend as the sustainable … Read more
October 20, 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, Oct. 20, 2021 (GLOBE NEWSWIRE) — The Chief Executive Officer and President of Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC), Michael Binnion, responded to the recent … Read more
CALGARY — Precision Drilling Corp. is anticipating a significant increase in activity this winter, thanks to the most positive backdrop the company has experienced for its business in “more than a decade,” according to chief executive Kevin Neveu.
The…
Enbridge Inc. shut down its Line 5 oil pipeline for several hours on Tuesday after protesters trespassed onto a facility in Michigan and tampered with the pipeline, an Enbridge spokesman said on Wednesday. Line 5 ships around 540,000 barrels per day of crude from Superior, Wisconsin, to Sarnia, Ontario. Spokesman Ryan Duffy said the line … Read more
October 20, 2021 CALGARY, Alberta, Oct. 20, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the Company has received confirmation from the Toronto Stock Exchange (the “TSX”) that the TSX has completed its review of the Company and determined the Company satisfies the TSX’s applicable requirements … Read more
TORONTO, Oct. 20, 2021 /CNW/ – TerraVest Industries Inc. (TSX: TVK) (“TerraVest”) has been awarded its first manufacturing contract to supply a biogas upgrading system for a project located in Western Canada. The biogas upgrading system will have the capacity to process up to 1,200 Nm3/h of raw biogas and will remove impurities such as hydrogen sulfide and carbon … Read more
October 20, 2021 NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, Alberta , Oct. 20, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company“) is pleased to announce it has closed its previously announced … Read more
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S CALGARY, AB, Oct. 20, 2021 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company“) is pleased to announce that it has successfully closed a brokered private placement debt financing (the “Initial Offering“), enhancing financial flexibility and achieving its goal of restructuring all … Read more
EDMONTON — Governments around the world expect to produce twice as much fossil fuels as their climate commitments would allow, a new international report has found.
“When you add up (predictions) for fossil fuel production, they’re way higher than wha…
Oct 20, 2021 (Bloomberg) Saudi Arabia said any extra oil from the OPEC+ cartel would do little to bring down surging natural-gas prices.“We see our role as extremely limited,” Saudi Energy Minister Prince Abdulaziz bin Salman said during the CERAWeek India Energy Forum on Wednesday. “The issue is not the availability of crude oil. Even if … Read more
Oct 20, 2021 (Bloomberg) Brent oil declined from its highest level since 2018 as a U.S. industry report pointed to an increase in crude stockpiles and China unleashed measures aimed at stabilizing its power supplies for the winter.Futures in London fell below $85 a barrel amid a broader drop in raw materials including aluminum and copper. … Read more
Summary UN report points to big rises in coal, gas, oil production Report findings based on analysis of 15 major economies Publication comes ahead of crucial UN climate talks in Scotland LONDON, Oct 20 (Reuters) – Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent … Read more
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud attends a session of the Russian Energy Week International Forum in Moscow, Russia October 14, 2021. REUTERS/Maxim Shemetov LONDON, Oct 20 (Reuters) – Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman said users switching from gas to oil could account for demand of 500,000-600,000 … Read more
Calgary, Alberta–(Newsfile Corp. – October 19, 2021) – Trican Well Service Ltd. (TSX: TCW) (“Trican” or the “Company“) is pleased to announce the publication of its 2020 Environmental, Social and Governance (“ESG“) Sustainability Report (the “ESG Report“). The ESG Report provides an outline of the Company’s key ESG metrics, ongoing initiatives and areas of focus, and … Read more
Calgary, Alberta–(Newsfile Corp. – October 19, 2021) – Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) (“Gear” or the “Company”) is pleased to announce that the new September 2021 monthly update to shareholders can be accessed via the following link https://gearenergy.com/updates. FOR FURTHER INFORMATION PLEASE CONTACT: Ingram Gillmore President & CEO 403-538-8463 David Hwang Vice President Finance & … Read more
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. For the past 18 months, we’ve all had to adjust the way … Read more
It’s our great honour to announce a new partnership agreement has been signed between N2X Process Solutions Inc. and Flowserve Corporation. N2X Process Solutions Inc. provides top-tier Valve and Actuation application engineering and subject matter expert services for industrial process control and isolation applications. Our expertise primarily focuses on the Canadian energy, power, mining and … Read more
Endurance Technologies Inc. (www.endurancetechnologies.com) is pleased to announce that we have recently signed an exclusive distribution agreement for the Country of Mexico with Siconsa Well Services Mexico (http://www.siconsa.mx/). The agreement gives them exclusive rights to distribute our ENDURALLOY® production tubing, casing, and components within this market with our full technical support. About Endurance Technologies Inc. … Read more
PRESENTS Online Webinar with UWT’s David Spratlin Thursday, October 28th | 9:00am MDT Our upcoming webinar will feature UWT Level Control products for measuring solids and liquids. Join us on October 28th! UWT is your expert partner for measuring solutions for all types of industries and we develop individual, tailor-made solutions for client applications. Customers … Read more
During the last few years, interest has surged in carbon capture, utilization and storage (CCUS) technology. Policy enhancements are providing a pathway to viable carbon capture business models and have spurred a string of announced projects across the value chain. Companies have now begun screening for the most compelling opportunities for carbon capture, offtake and … Read more
The Canadian Taxpayers Federation is calling on the federal and provincial governments to begin discussing the equalization program after early results show Albertans clearly voting in favour of removing the policy from the Constitution. “Alberta voters delivered a clear message: they’re willing to contribute to Canada, but they won’t be taken advantage of anymore,” said … Read more
Latest IEA report shows global demand for oil will continue to grow, representing an opportunity for Canada By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Tanker arrives at Trans Mountain’s Westridge Marine Terminal in Burnaby, B.C. Photo courtesy Trans Mountain Corporation A Canadian Press article published … Read more
Calgary’s newly elected Mayor Jyoti Gondek says her first order of business is to declare a ‘climate emergency’ for the City of Calgary. In an interview with Ryan Jespersen from Edmonton, Gondek says the city has been presented with various documents about climate emergency in the past and has had more than enough time to … Read more
WINNIPEG, Manitoba, Oct 19 (Reuters) – A Canadian regulator said on Tuesday that it has laid three charges against a Cenovus Energy subsidiary, following a 2018 oil spill off the country’s Atlantic Coast. The Canada-Newfoundland and Labrador Offshore Petroleum Board said it laid the charges against Husky Oil Operations Limited for the spill in the … Read more
Oct 19, 2021 (Bloomberg) Russia is signaling that it won’t go out of its way to offer European consumers extra gas to ease the current energy crisis unless it gets something in return: regulatory approval to start shipments through the controversial Nord Stream 2 pipeline.In exchange for upping supplies, Russia wants to get German and European … Read more
Oct 19, 2021 (Bloomberg) Oil pared its earlier gains after a pullback in natural gas and refined products prices pointed to a potential slowdown in demand.Futures in New York fell were little changed Tuesday after settling at a seven-year high on Monday. Margins on making gasoline and diesel fell for the second day in a row, … Read more
For the past 15 years Russia has been the largest source of natural gas for European Union nations By Lennie Kaplan and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A Nord Stream 2 sign hangs above a painted map at the construction site for a natural gas receiving … Read more
October 19, 2021 CALGARY, Alberta, Oct. 19, 2021 (GLOBE NEWSWIRE) — Imperial Helium Corp. (“Imperial Helium” or the “Company”) (TSX-V: IHC) is pleased to announce positive results from IHS Markit’s independent production test analysis of the IHC-Steveville-2 well (103/10-22-020-12W4) and the Company’s intention to spud a third well in the fourth quarter of 2021. Positive Independent Production … Read more
Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertilizer, made using natural gas. And fears are risin…
Pimm’s Production Equipment Ltd. is a source for sales and service of: Pumps Air compressor systems Relief Valves Instrumentation Electrical IT and Networks They provide northeastern British Columbia and northwestern Alberta with production equipment, instrumentation, I.T. services, electrical, safety relief valve services and millwright services for oil and gas companies, retail businesses, and many other … Read more
Are frac hits decreasing the effectiveness and adding to the costs of your stimulation operations? Is induced seismicity threatening to shut down your upstream field development plans? Are water management costs hurting your bottomline? The innovative Slow & Easy hydraulic stimulation process developed by Terralog Technologies Inc. has a proven record of solving these problems … Read more
“Diversity is who you are. Inclusion is what you do.” – Past Workforce Forward Speaker HR resource professionals and businesses challenged by Workforce Forward’s Leadership Council to be more culturally safe and more representative of an Indigenous workforce. (Oct 12, 2021, Calgary Alberta) — Less than one-quarter (22%) of Western Canadian organizations currently have an … Read more
Sixty-seven billion dollars. That’s how much the federal government’s equalization scheme has cost Alberta taxpayers since its inception in 1957. This year, equalization will cost Alberta taxpayers nearly $3 billion. That means that equalization will cost an Alberta family of four about $2,600 this year on average. Since equalization was created, Albertans have received less … Read more
By Geoffrey Cann Digital twin technology for energy infrastructure is on the cusp of a dramatic transformation as we decarbonize energy supply. Here’s a snapshot of where this technology is headed. An Upcoming Conference In this cursed pandemic age, global conferences are still mostly virtual, and will be so for some time until we sort … Read more
Canada’s oil and gas industry has long been a driver of the country’s economic growth. Hence, the outlook for the industry’s future profitability is an important determinant of capital investment rates and employment trends for the industry and the country as a whole going forward. The substantial decline in the profitability of Canadian oil … Read more
Oct 18 (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
Oct 18, 2021 (Bloomberg) The wind-energy industry is calling on governments to ramp up commitments to renewable power ahead of climate talks in Glasgow later this year. The industry said it’s ready to expand rapidly, but politicians need to be stricter with their green targets, according to a report published by the Global Wind Energy Council. It … Read more
Oct 18, 2021 (Bloomberg) OPEC and its allies once again failed to pump enough oil to meet their output targets, exacerbating the supply deficit as the world recovers from the coronavirus pandemic.OPEC+ cut its production 15% deeper than planned in September, compared with 16% in August and 9% in July, according to delegates with knowledge … Read more
Oct 18, 2021 (Bloomberg) Oil surged to multiyear highs, spurred by an energy-supply crunch as winter approaches.Global benchmark Brent futures earlier rose above $86 a barrel, reaching the highest intraday level since 2018, as Russia opted to keep a lid on gas flows to Europe. West Texas Intermediate crude neared a seven-year high.A shortage of natural gas is … Read more
Organizations today are under constant threat of cyberattacks as technology continues to evolve rapidly. Cybersecurity threats can not only compromise an organization’s data, but they can also be costly. According to IBM’s Cost of a Data Breach report, Canada has the third-highest average cost for data breaches at $4.5 million. While 88 per cent of … Read more
WEBINAR Overview Title: Green, Blue, and What to do with the CO2 Date: Thursday, October 21, 2021 Time: 10:00 AM Central Daylight Time Duration: 1 hour Hosted by: Pipeline & Gas Journal Magazine REGISTER: Click here to register – https://bit.ly/3lJkQ7W TOPIC: Hydrogen production, whether green or blue, presents challenges with custody transfer measurement. This presentation will offer a short … Read more
Albertans will vote on Oct. 18 in a provincial referendum on equalization. Opponents of the referendum have cast it as both needlessly divisive and a distraction from the larger issue of the province’s transition away from the fossil fuel industry. It is neither. In fact, it should be the starting point to a much … Read more
OTTAWA — Environment groups in Canada say governments and the oil and gas industry can no longer pretend there is an economic case for expanding oil production after the latest international energy forecast suggests demand for Canada’s oil will fall b…
Oct 15, 2021 (Bloomberg) The global energy crisis is bleeding into the oil market.Brent crude surged as high as $85.10 a barrel on Friday, a price that would have seemed unthinkable just 18 months ago, when when Covid halted global mobility and trashed demand.An underlying recovery in consumption — driven by road-fuel, freight activity, and latterly air travel … Read more
Demand to continue growing to 2050, new outlooks show By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo Two new global energy outlooks released amid major shortages in Asia and Europe underscore the reality that it will take decades for the world to shift to low … Read more
Why does Quebec spend billions of dollars each year importing natural gas when it could develop and use its own local natural gas resources instead? This is a question SecondStreet.org recently investigated and documented in our new video, “Quebec’s Green Opportunity”. This post includes a bit more information on the subject. Current natural gas usage … Read more
MINNEAPOLIS (AP) — Enbridge has failed to meet a deadline set by the Minnesota Department of Natural Resources for cleaning up a site where an aquifer ruptured during construction of the Line 3 oil pipeline, DNR officials said.
The agency had given th…
Day 1-2 Feature: Wheel Loaders, Picker Trucks, Truck Tractors, Bed Trucks, Dump Trucks, Flatdeck Trucks, Pickup Trucks, Vehicles, Trailers, Skid Steer Attachments, Generators, Welders, Power and Hand Tools and Much More! For questions regarding Day 1-2, call Century Auctions’ office at (780) 944-9144 Day 3 of this auction is an Absolute Public Online Complete Dispersal Auction … Read more
Metalore Resources Limited owns and/or controls approximately 40,000 acres of petroleum, natural gas and mineral leases in Charlotteville and Walsingham townships in Norfolk County, Ontario. Natural gas is currently being produced from 80 wells in two townships in Norfolk County, Ontario and is distributed to 150 commercial and residential customers along gathering pipelines … Read more
Please join the Coalition of Concerned Manufacturers and Businesses of Canada for this very important Zoom event. Ask yourself why a province like Quebec, that uses imported off shore oil and gas products from countries like Saudi Arabia, would want to ban Oil and Gas licenses within its boarders. Considering the proposed ban would not … Read more
By Julian Lee Global oil stockpiles will continue to drain for the rest of the year, but things could look very different in 2022, with supply set to exceed demand if the OPEC+ group of producers continues adding barrels as planned.The International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries all see this year’s oil … Read more
LONDON, Oct 15 (Reuters) – Global petroleum inventories have fallen to their lowest seasonal level for seven years as producers have failed to raise output to match the rapid rebound in consumption since last year’s coronavirus-driven recession. In contrast to shortages in coal, gas and electricity, the oil shortage is largely discretionary, as producers in … Read more
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE UBS, the swiss multinational investment bank, recently took apart a Chevy Bolt and a Volkswagen Golf to better understand what makes up the different vehicle types. Between what goes into the battery to use of plastics, the materials that make up vehicles is fascinating. … Read more
Canada’s drilling rig count is up 1 active drilling rigs according to data collected by Baker Hughes for the week ending October 15, 2021. From one week ago, Alberta rig counts increased 1 to 119 and the Saskatchewan rig counts increased 1 to 26. Oil drilling increased 3 to 98 and gas decreased 2 to … Read more
Major project to proceed, First Nations announce plans for first-ever equity ownership offshore Newfoundland and Labrador By Mario Toneguzzi Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Suncor Energy Recent developments in Atlantic Canada’s oil and gas sector are giving the region a boost, providing a more … Read more
Calgary Mayor Candidates Weigh In About Energy Issues That Affect Calgary Since the energy industry is so important to many Calgarians (and Albertans), EnergyNow put together a series of energy related questions and presented them to leading contenders in the City of Calgary’s 2021 Mayoral race. All candidates were asked the same questions. EnergyNow is … Read more
U.S. energy firms this week added oil and natural gas rigs for a sixth week in a row as oil prices soared to their highest since 2014, prompting drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose 10 to 543 in the week to Oct. … Read more
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Image Courtesy of Psychology Today On Wednesday, the International Energy Agency released their World Energy Outlook 2021 report discussing—you guessed it—three potential future global energy scenarios. The report was dropped ahead of the 2021 United Nations Climate Change Conference (COP26) like a Kanye West listening party. The … Read more
CALGARY — Alberta’s efforts to clean up tens of thousands of inactive oil and gas wells in the province could be delayed by a shortage of rig workers.
Mark Scholz, chief executive of the Canadian Association of Energy Contractors (CAOEC), said cleanup…
CALGARY, AB, Oct. 15, 2021 /CNW/ – Altura Energy Inc. (the “Company“) (TSXV: ATU) is pleased to announce that it has completed its previously announced name change to “Tenaz Energy Corp.” pursuant to a shareholders’ resolution passed at the special meeting of shareholders held on October 7, 2021. Effective at the opening of trading on Tuesday, October 19, 2021, the … Read more
The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia, February 26, 2020. REUTERS/Maxim Shemetov/File Photo FRANKFURT/BERLIN, Oct 15 (Reuters) – The Nord Stream 2 pipeline is completed and ready to pump Russian gas to Europe, but nothing is flowing yet … Read more
(Bloomberg) The International Energy Agency’s annual World Energy Outlook, the latest edition of which was published on Wednesday, is probably the closest thing to a bible in the energy world. It marks in granular detail several different ways the global energy system might evolve. The organization projects electricity generation and fuel production volumes and price points, … Read more
Oct 15, 2021 (Bloomberg) Oil in London rose past $85 a barrel for the first time since 2018, the latest milestone in a global energy crunch that has seen prices soar.Brent futures briefly passed that level, before paring gains. A shortage of gas and coal is triggering extra demand for oil products from the power market, … Read more
Marketing Just Got Easier on EnergyNow Why Choose an EnergyNow Content Marketing Package? EnergyNow gets you to a targeted energy industry audience of decision makers & key influencers EnergyNow publishes your content on all our marketing platforms…Website, Daily Email & Social Media (Linkedin) With EnergyNow you can SHOWCASE your company’s services and products on a … Read more
Each week Josef Schachter gives 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 also hold quarterly webinars and provide Action … Read more
Oil and gas company Statoil gas processing and CO2 removal platform Sleipner T is pictured in the offshore near the Stavanger, Norway, February 11, 2016. REUTERS/Nerijus Adomaitis Summary Will “develop, not dismantle” oil industry Won’t try to renegotiate EEA deal with Brussels HURDAL, Norway, Oct 13 (Reuters) – Norway will continue to explore for oil … Read more
Canada’s oil and gas sector is not only fueling its robust plastics industry, but nearly every aspect of our daily life By Brittany Elves Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter It’s six o’clock on a Thursday morning, you wake to the sound of your alarm clock. Whether … Read more
CALGARY, AB, Oct. 14, 2021 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce its 2022 budget, an accelerated fourth quarter 2021 capital program and 38% increase to its dividend. Highlights 2022 Budget. Capital spending of $470 – $490 million is expected to generate average production of 121,000 – 123,000 boe/d (73% liquids). The budget is $90 million lower than … Read more
All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, Oct. 14, 2021 /CNW/ – Gibson Energy Inc. announced today that it has received the top “AAA” rating from MSCI ESG Ratings, being only one of three companies globally in the Oil & Gas Refining, Marketing, Transportation & Storage industry and the only company in North America in … Read more
October 14, 2021 The Newswire CALGARY, ALBERTA – Kanata Clean Power & Climate Technologies Corp (“KANATA”) is pleased to announce that participating Treaty Six First Nations, KANATA and Vault 44.01 Ltd. (“Vault”) have submitted a joint response to the expression of interest (“REOI”) solicited by the Government of Alberta for industry partners to develop, build, own … Read more
he CAOEC’s State of the Industry will take place on Tuesday, November 23, 2021. The State of the Industry is CAOEC’s capstone event for the year. In addition to an exclusive preview of the 2022 drilling forecast, the event includes a keynote speech and panel discussion with industry experts. Stay tuned for our keynote announcement coming soon! WHEN: Tuesday, November 23 at 7:30 a.m. WHERE: Calgary Petroleum Club … Read more
Monthly Oil Statistics The latest IEA’s Monthly Oil Statistics report including July 2021 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks increased by 4.8% in July 2021 compared to July 2020. Refinery gross output of total products grew (8.2%) on a year-on-year basis. Net deliveries of total products increased in July 2021 compared to July … Read more
Monthly Gas Statistics The latest IEA’s Monthly Gas Statistics report including July 2021 data shows that for Total OECD: Production of natural gas increased by 2.9% compared to July 2020. Imports (entries)1 of natural gas were 3.1% higher on a year-on-year basis, and total OECD exports (exits)1 increased by 9.9% in the same period. Gross consumption of natural gas decreased by 3.0% in July … Read more
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud attends a session of the Russian Energy Week International Forum in Moscow, Russia October 14, 2021. REUTERS/Maxim Shemetov MOSCOW, Oct 14 (Reuters) – OPEC leader Saudi Arabia dismissed calls for speedier oil output increases on Thursday, saying its efforts with allies were enough and protecting … Read more
October 14, 2021 Not for distribution to U.S. newswire services or dissemination in the United States CALGARY, Alberta, Oct. 14, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) (“Cenovus”) and Headwater Exploration Inc. (TSX: HWX) (“Headwater” or the “Company”) have closed the previously announced bought deal secondary offering (the “Offering”) of common … Read more
CALGARY, AB – Reconciliation Energy Transition Inc. (“RETI” or the “Corporation” an affiliate company of Project Reconciliation “PRI”) is pleased to announce an executed Memorandum of Understanding (“MOU”) with Shell Canada Products (“Shell”) to collaborate on Shell’s proposed Polaris carbon capture and storage (“CCS”) project. Under terms of the MOU, RETI will work with its First … Read more
Oct 14, 2021 (Bloomberg) Oil surged past $81 a barrel after the International Energy Agency said shortages of natural gas in Europe and Asia are boosting demand for crude.WTI crude futures were up 1.1% and trading near their highest level since 2014. Record gas prices are boosting consumption of other fuels and could add about 500,000 barrels … Read more
Oct 14, 2021 (Bloomberg) Shortages of natural gas in Europe and Asia are boosting demand for oil, deepening what was already a sizable supply deficit in crude markets, the International Energy Agency said.Crude has surged above $80 a barrel, the highest in three years, as traders anticipated that record gas prices would stimulate consumption of other … Read more
Oct 14, 2021 (Bloomberg) Oil’s stability relative to natural gas and coal underscore that OPEC+ is doing a good job balancing supply and demand, said the energy ministers of Saudi Arabia and Russia.While crude has jumped to a three-year high above $80 a barrel, the increase has been nothing compared to volatility seen with gas and … Read more
Oct 14, 2021 (Bloomberg) European gas futures continued their march upwards on Thursday, even after Russia pledged to deliver as much supply as the continent needs.Europe’s largest gas supplier is ramping up deliveries in line with requests from customers and is “prepared to discuss any additional steps” to stabilize the market, President Vladimir Putin said on Wednesday. He … Read more
Most Canadians don’t want to give the Bank of Canada the flexibility to raise its 2% inflation target, a new poll finds as Prime Minister Justin Trudeau’s government nears a decision on the central bank’s mandate. About 56% of Canadians are uncomfortable with adjusting the bank’s mandate, according to the poll, conducted by Nanos Research Group … Read more
Calgary Mayor Candidates Weigh In About Energy Issues That Affect Calgary Since the energy industry is so important to many Calgarians (and Albertans), EnergyNow put together a series of energy related questions and presented them to leading contenders in the City of Calgary’s 2021 Mayoral race. All candidates were asked the same questions. EnergyNow will … Read more
Oct 14, 2021 (Bloomberg) Former Bank of Canada Governor Stephen Poloz, who sits on the boards of pipeline giant Enbridge Inc. and technology services firm CGI Inc., landed another director seat.OMNI Conversion Technologies Inc., a developer of systems that turn garbage into gases such as hydrogen, said Thursday the economist who led Canada’s monetary policy until … Read more
OTTAWA — Canada is nearly doubling its target to cut methane emissions from the oil and gas sector as it prepares to sign a new global pledge at next month’s climate talks in Scotland.
The United States and Europe are pushing a Global Methane Pledge a…
By David Yager The old saying goes that voters get the governments they deserve. 21st century voting is increasingly dominated by those motivated by single issues. These include the preferred leader or specific subjects like climate change, gun control or immigration. This results in governments and decisions that don’t often reflect general public opinion. That’s … Read more
CALGARY — As Canada’s energy sector seeks to capitalize on high oil and gas prices and recover from a six-year downturn, a shortage of rig workers threatens to curtail the industry’s growth.
After years of depressed prices, layoffs, and consolidation,…
You need to tell Prime Minister Justin Trudeau that you are tired of being his cash cow. A strong YES vote in the equalization referendum will show Ottawa Alberta demands to be treated fairly. That means the stakes are high. You need to make sure that many Albertans vote YES to a fair deal and … Read more
Summary Recovery from COVID-19 has led to surge in energy demand EU publishes a list of steps to tackle high energy prices Russia, Europe tussle over Nord Stream 2 pipeline Top coal-consumer China grappling with energy crisis Green energy needs $4 trln investment by 2030, IEA says MOSCOW/BRUSSELS/BEIJING, Oct 13 (Reuters) – President Vladimir Putin … Read more
Iqaluit residents are filling jugs and bottles at a river outside the city after they were told tap water in the Nunavut capital may be unsafe to drink.
The city declared a local state of emergency last night saying its water supply potentially contai…
Russia will seek to become carbon neutral within four decades, President Vladimir Putin said on Wednesday, marking a stunning reversal in his stance on climate change. “We set a specific aim here — no later than 2060,” Putin said in his speech at the Russian Energy Week conference in Moscow. His pledge is the latest … Read more
Oct 13, 2021 (Bloomberg) Oil fell after a four-day advance, with OPEC’s monthly report sounding a calming tone on consumption, just as Russia said it will supply Europe with as much gas as it needs.West Texas Intermediate edged lower after posting the highest close since October 2014. OPEC revised down its estimate for oil demand this … Read more
Summary Clean energy investment needs to triple by 2030 Post-pandemic coal, oil rebound fuels historic CO2 rise Renewables will help reach net zero, fight volatility COP26 conference needs to send “unmistakeable signal” LONDON, Oct 13 (Reuters) – Investment in renewable energy needs to triple by the end of the decade if the world hopes to … Read more
LONDON, Oct 13 (Reuters) – OPEC has trimmed its world oil demand growth forecast for 2021 while maintaining its 2022 view, its monthly report showed on Wednesday, but it said surging natural gas prices could boost demand for oil products as end users switch. The Organization of the Petroleum Exporting Countries (OPEC) now expects oil … Read more
October 13, 2021 CALGARY, Alberta, Oct. 13, 2021 (GLOBE NEWSWIRE) — Imperial Helium Corp. (“Imperial Helium” or the “Company“) (TSX-V: IHC) is pleased to announce it has signed an agreement with ON2 Solutions for the construction and delivery of a Prototype Plant for producing 99.999% pure (Grade A) Helium. The Prototype Plant is the Pilot Plant referenced … Read more
CALGARY, Alberta, Oct. 12, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce today that it will be entering into subscription agreements with Alberta Investment Management Corporation (“AIMCo”), on behalf of certain of its clients, and certain members of management to purchase common shares of Razor (each, … Read more
Achieved Third Quarter 2021 Average Production of Approximately 29,000 BOPD, Up 26% from Prior Quarter Increased Current Average Production1 to Approximately 30,600 BOPD, Highest Since February 2020 Paid Down Credit Facility Balance To $140 Million CALGARY, Alberta, Oct. 13, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operations and … Read more
Oct 12 (Reuters) – Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools from post-pandemic consolidations and focuses on selling off non-core assets. Mergers and acquisitions (M&A) activity in … 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
Every year, our product portfolio evolves, develops, and brings about solutions for a variety of industries. UWT Level Control offers level measurement, monitoring and visualisation systems, together with complete project planning. Renowned plant manufacturers and end users around the world appreciate their ability to deliver customised solutions for their applications, as well as the ease … Read more
Analytical intelligence systems are the key to unlocking the data to drive your business forward. CALGARY, October 13, 2021 — In today’s fast changing world, leaders are pressed to do more with existing or even less resources. This means, finding efficiencies in the current systems and processes through innovative approaches. Streamline Control, an Alberta-based company … Read more
WASHINGTON — Opponents of Line 5 want the White House to reject Canada’s bilateral effort to prevent a Michigan judge from shutting down the cross-border pipeline.
Canada has formally requested negotiations with the U.S. under the terms of a 1977 tre…
October 12, 2021 The PetroLMI Division of Energy Safety Canada (PetroLMI) released its latest report, Workforce Impacts from Alberta Well Closures: Creating Stability Through Cyclicality, which provides insights into the workforce opportunities and challenges presented by the Alberta Site Rehabilitation Program (SRP) and other financial incentive programs. The report is the first of its kind to … Read more
CALGARY, AB and INGLESIDE, Texas, Oct. 12, 2021 /CNW/ – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced the closing of the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for US$3.0 billion. The acquisition significantly advances the Company’s U.S. Gulf Coast export strategy and connectivity to low-cost and long-lived reserves in the Permian and Eagle … Read more
The St. Louis-based natural gas company Spire Inc. is asking the U.S. Supreme Court to allow it to keep operating a pipeline through Illinois and Missouri, warning that a winter shutdown could be devastating to St. Louis-area customers.
…
Oct 11, 2021 VANCOUVER, BC, Oct. 11, 2021 /CNW/ – Methane is responsible for around 30 percent of the global rise in temperatures to date and half a million premature deaths globally each year. It also accounts for about 13 percent of Canada’s total greenhouse gas emissions. Slashing emissions from methane is one of the fastest and lowest cost ways … Read more
Oct 12, 2021 (Bloomberg) Oil in New York held above $80 a barrel on expectations that a power crisis from Asia to Europe will lift demand, prompting banks to boost their price forecasts.Futures were little changed after closing 1.5% higher on Monday. Demand is being supported ahead of the northern hemisphere winter by shortages of natural gas and coal, … Read more
MELBOURNE, Oct 12 (Reuters) – Global plans to build carbon capture and storage (CCS) plants have mushroomed over the last nine months as governments and companies accelerate the hunt for ways to cut emissions and curb global warming by mid-century, a think tank said on Tuesday. The capacity of planned projects soared to 111 million … Read more
Oct 10, 2021 (Bloomberg) With its chimneys towering 200 meters above the industrial heartland of England, West Burton A power station is a relic of the fossil fuel age. When fired up, its boilers burn thousands of tonnes of coal each day, spewing out the carbon dioxide that’s warming up the planet.After more than 50 years … Read more
Summary Wholesale gas prices up 400% this year, power prices double Rising wholesale energy costs are passed on to consumers European households set to feel the pinch this winter LONDON, Oct 8 (Reuters) – Households across Europe face much higher winter energy bills due to a global surge in wholesale power and gas prices and … Read more
Edmonton, AB (October 12, 2021) – With just over a year since the company launched and 26 offices across Canada, GeoVerra is recruiting all over the country – and they have a new recruitment campaign to celebrate it. After a year of growth and building real partnerships with clients, which they credit to teamwork, and … Read more
Hard lessons are learned only after the lights go out By David Yager Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo The world’s most important but least appreciated energy source is natural gas.While the headlines are about what is good or bad about coal, oil, nuclear … Read more
Calgary Mayor Candidates Weigh In About Energy Issues That Affect Calgary Since the energy industry is so important to many Calgarians (and Albertans), EnergyNow put together a series of energy related questions and presented them to leading contenders in the City of Calgary’s 2021 Mayoral race. All candidates were asked the same questions. EnergyNow will … Read more
by ENERGYminute See more articles and infographics from ENERGYminute HERE Tesla, Rivian, and other electric vehicle companies have started to electrify the light-duty vehicle market. But medium- and heavy-duty transport has its own challenges to overcome. Enter natural gas. Compared to diesel, natural gas reduces emissions greatly. Renewable natural gas reduces emissions by up to 82 … Read more
by ENERGYminute See more articles and infographics from ENERGYminute HERE No country produces just the exact amount of oil to be self-sufficient. Some countries make their living by producing more oil than they consume. Others, like Japan, base much of their geopolitical strategy on securing supplies. So which G20 country exports the most oil and which country … Read more
The energy sector’s focus has shifted significantly over the last two years. And while our industry is no stranger to change, we find ourselves in uncharted waters with initiatives like ESG and a lingering global pandemic. Since its inception, the driving purpose of the SPARK Conference is to help professionals in energy navigate present and … Read more
Relevant for: Engineering companies, metering solution providers, pipeline operators, tank farm operators and oil and gas companies Transportation, refining and distribution of hydrocarbons are extensive operations in the downstream section of petroleum industries. The products pass through a lot of stages during and after the refining process. To continuously monitor your products’ characteristics and to … Read more
West Country Energy Services provides Cutting Edge Energy AI Technology that helps Oil & Gas Companies produce Clean Energy at a Profit by Automating your HSE, ESG and Operations. Our Autonomous Suite of Services include: Fugitive Emission Detection Tank Monitoring (Non-Invasive) Liquid Leak Detection PPE Detection Autonomous Gate Guard Incinerator Monitoring Loadout Observations Flame & … Read more
Canada’s drilling rig count is up 2 active drilling rigs according to data collected by Baker Hughes for the week ending October 8, 2021. From one week ago, Alberta rig counts increased 1 to 118 and the Saskatchewan rig counts stayed at 25. Oil drilling decreased 2 to 95 and gas increased 4 to 72.
Oct 10, 2021 (Bloomberg)Surging energy prices are kindling bullish bets on developing-nation exporters, with Russia emerging as traders’ favorite investment destination.Russia’s ruble has gained more than any other emerging-market currency this month, bolstered by the prospect of higher oil revenues, while the nation’s stocks outperformed as a broad gauge of developing equities sank. OPEC’s monthly report will … Read more
Indigenous communities benefiting from pipeline project By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Coastal GasLink Activists are attempting to handcuff Canada’s best opportunity to help reduce global climate emissions while creating jobs at home over misplaced concerns about environmental safety. Builders of the Coastal … Read more
EDMONTON — Alberta’s energy minister says the current spike in oil prices isn’t enough reason to require the industry to spend more on cleaning up the tens of thousands of abandoned oil and gas wells in the province.
Sonya Savage says the province’s …
What is a Marketing Campaign? What is the Purpose of creating a Marketing Campaign? Why does your energy service company need to Develop & Launch a Marketing Campaign? How does this Marketing Campaign lead to New Sales & Market Exposure? Types of Marketing Campaigns? What Components are included in a Marketing Campaign? What’s a marketing … Read more
CALGARY — The delivery team at Flower Chix typically puts in 300 to 400 km a day on the road, delivering fresh floral arrangements around Calgary and the surrounding area.
That means that even in normal times, gasoline is no small part of this small i…
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Oct 8 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as oil prices soared to their highest … Read more
Each week, XI Technologies scans their industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive XI’s Wednesday Word to the Wise in your inbox, subscribe here. In March, we presented our annual top ten lists for new “drills”, charting which companies had … 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, Oct. 8, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Company”) (TSXV: ATU) is pleased to announce the closing of its previously announced change of management transaction (the “Change of Management”) resulting in the appointment of … Read more
CALGARY, AB / ACCESSWIRE / October 8, 2021 / PetroFrontier Corp. (“PetroFrontier” or “the Company“) (TSXV:PFC) is pleased to announce that it has entered into a letter of intent (“LOI“) with an arm’s-length third party company (“Fundco“) which will enable continued development of PetroFrontier’s joint ventures at the Cold Lake and Wabasca areas of Alberta (the … Read more
Oct 8, 2021 (Bloomberg) Oil headed for a seventh weekly gain, the longest such run since December, as a global energy crunch roils markets from Europe to Asia. Futures in New York extended gains but remained below $80 a barrel, a level they haven’t hit since 2014. The U.S. Energy Department recently said that it had … Read more
Oct 7, 2021 (Bloomberg) Canada is moving painfully slowly to set the market and regulatory conditions required to transition to a cleaner economy, according to a report by the Institute for Sustainable Finance. To date, Canada has made “significant” progress in only one of 15 recommendations made by a panel of experts including the current Bank of … Read more
BRUSSELS, Oct 7 (Reuters) – President Joe Biden’s national security adviser urged energy suppliers on Thursday to lift flows to meet demand, saying that the United States was concerned about their failure to do so. Rocketing gas prices, with the European benchmark up almost 600% this year, have been fuelled by low inventories and surging … Read more
Over the years, Factors Western has partnered with many different types of lenders to help compliment the current facilities they provide to their clients. Here are some examples: Banks Providing cash to enable a transition between two lenders Credit Unions Specific factoring for a seasonal bulge or larger project Asset Based Lenders Providing cash flow to … Read more
Alberta’s referendum on equalization is more than a vote on a federal program: it’s an urgently needed conversation about a deep crack in Confederation. So far, Canada has ignored the problem and the rift has grown. Now a referendum yes vote will push federal and provincial governments to the negotiation table. So, let’s talk. All … Read more
October 07, 2021 CALGARY, Alberta, Oct. 07, 2021 (GLOBE NEWSWIRE) — Imperial Helium Corp. (“Imperial Helium” or the “Company“) is pleased to announce it has completed a successful appraisal of the Steveville structure on its Helium Property, located in Southeastern Alberta. Imperial Helium has completed the production testing of IHC-Steveville-1 and IHC-Steveville-2 as part of its two … Read more
CALGARY, Alberta, Oct 6 (Reuters) – Canada has invoked a 44-year-old treaty to trigger negotiations with U.S. President Joe Biden’s administration over a pipeline that the state of Michigan is trying to shut down because of concerns it could leak into the Great Lakes. Michigan is trying to force operator Enbridge Inc (ENB.TO) to shut down the … Read more
October 07, 2021 CALGARY, Alberta, Oct. 07, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce various executive leadership changes. Effective January 1, 2022, Birchcliff’s expanded Executive Team will be as follows: A. Jeffery Tonken – Chief Executive Officer and Chairman of the Board of Directors Christopher … Read more
The Suncor tar sands processing plant near the Athabasca River at their mining operations near Fort McMurray, Alberta, September 17, 2014. REUTERS/Todd Korol/File Photo WINNIPEG, Manitoba, Oct 7 (Reuters) – Oil and gas companies have asked the Canadian government to design a tax credit to pay for 75% of the cost to build carbon capture … Read more
TORONTO — Phasing out natural gas generation by 2030 would result in rotating blackouts and higher electricity bills, Ontario’s electricity system operator said in a report released Thursday concluding that the move isn’t possible on that timeline.
Th…
CALGARY — Gasoline prices shattered all-time records in many parts of the country this week, just in time for Canadians to hit the highway for the Thanksgiving long weekend. Data from Natural Resources Canada, which tracks fuel prices across the country, shows the average weighted national retail price for regular gasoline in Canada hit $1.45 … Read more
Calgary Mayoral Candidates Weigh In About Energy Issues That Affect Calgary Since the energy industry is so important to many Calgarians (and Albertans), EnergyNow put together a series of energy related questions and presented them to leading contenders in the City of Calgary’s 2021 Mayoral race. All candidates were asked the same questions. EnergyNow will … Read more
Canada’s national nuclear laboratory celebrates National Hydrogen and Fuel Cell Day, continues development of promising clean energy technology October 07, 2021 CHALK RIVER, Ontario, Oct. 07, 2021 (GLOBE NEWSWIRE) — Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, continues to make advances in research and technologies related to hydrogen, a versatile, clean … Read more
CALGARY, Alberta, Oct. 07, 2021 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) announced today a private placement offering (the “Offering”) of 350,000 units. Each unit will consist of $1,000 principal amount of senior secured second lien notes due 2026 (each a “Note”) which bear interest at 9.75% per annum, and … Read more
CALGARY — TC Energy has signed an agreement with electric vehicle manufacturer Nikola to jointly develop large-scale hydrogen production facilities in the U.S. and Canada.
The two companies say they plan to produce 150 tonnes or more of hydrogen per d…
(Bloomberg) Oil fell further after Russia offered to ease Europe’s natural gas crisis and warned OPEC+ not to let crude prices run too high.Futures in New York fell as much as 3.2% before paring some of the losses. Russian President Vladimir Putin said record volumes of natural gas could potentially be exported to Europe this year as the … Read more
(Bloomberg) The United Arab Emirates has become the first of the Persian Gulf’s petrostates to commit to eliminating planet-warming emissions within its borders. “The UAE net-zero initiative will provide us with precision and boost our efforts to accelerate the energy transition,” the Department of Energy of Abu Dhabi, the capital, said in a statement. Dubai’s … Read more
Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc.Crude and natural gas drillers chastened by last year’s unprecedented collapse in demand and prices haven’t responded to the recent market rebound as … Read more
Oct 6, 2021 (Bloomberg) Canadian oil shipments to the U.S. jumped to the highest volume since the start of the year thanks in part to the startup of a long-delayed Canadian pipeline. Weekly oil deliveries from America’s northern neighbor reached 4.04 million barrels day, the most since January, according to the Energy Information Administration. It’s only … Read more
Summary High energy prices fuel inflation fears Europe debates joint gas purchases, strategic reserve Russia denies withholding gas, says boosting supplies Oct 6 (Reuters) – Soaring energy prices caused alarm among European leaders and sent shivers through global markets on Wednesday, raising concerns of a winter fuel crisis that could play into the hands of … Read more
Each week Josef Schachter gives 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 also hold quarterly webinars and provide Action … Read more
Nikola and TC Energy announce a strategic collaboration aimed at the development, construction, ownership and/or operation of critical hydrogen infrastructure for hydrogen fueled zero-emission heavy-duty trucks. Joint development of hydrogen production hubs is intended to support Nikola’s projected hydrogen fuel supply needs to serve heavy-duty fuel cell electric vehicles and TC Energy customers’ clean energy … Read more
Organic, brownfield investment would more than triple Dow’s ethylene and polyethylene capacity from its Fort Saskatchewan, Alberta site while retrofitting the entire site to net-zero scope 1 and 2 carbon dioxide emissions – Decarbonizes ~20% of Dow’s global ethylene capacity while growing polyethylene supply by ~15% and supporting ~$1 billion of EBITDA growth by 2030 … Read more
As energy prices rise, Europe remains dependent on imported oil from repressive states By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Italy was the biggest client in Europe for autocracy oil in 2019. Getty Images photo One of the more bizarre developments in Europe in … Read more
‘The imposition of carbon taxes is devoid of serious cost benefit analysis, risking the very standard of living many Canadians and policymakers have perhaps taken for granted’ By Brittany Elves Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A customer pays for groceries Getty Images photo Keeping energy services … Read more
Summary OPEC+ decided against larger supply hike at Monday meeting OPEC figures show 43% plunge in oil-export income in 2020 Iraq oil minister says $75-80 fair LONDON/MOSCOW, Oct 6 (Reuters) – OPEC+’s decision on Monday to stick with a plan to raise oil output modestly and gradually, despite prices surging to multi-year highs, was partly … Read more
OTTAWA, ON: The Canadian Taxpayers Federation is highlighting sky-high gas taxes as the price at the pump soars across Canada. “Drivers are feeling the pain of high gas prices and taxes are making things much worse,” said Franco Terrazzano, Federal Director with the CTF. “More than a third of the price of gas is actually tax … Read more
Courtesy of Reuters Despite the potential collapse of Chinese real estate giant, Evergrande, dominating the news, an ongoing energy crisis has likely had a larger effect on the Chinese economy. The culprit? A massive shortage of coal. When it rains, it pours. How bad is it? It’s reported that factories in 20 of China’s 31 provinces have drastically reduced working … Read more
Oct 6, 2021 (Bloomberg) Oil erased an earlier gain to trade little changed as wider markets were pressured by risks to global growth.Futures in New York were down 0.6% after earlier climbing towards $80 a barrel. The dollar jumped and equity markets fell as investors weighed the outlook for economic growth before a key U.S. employment report, hampering … Read more
Oct 6, 2021 (Bloomberg) The controversial Nord Stream 2 pipeline has the potential to ease Europe’s gas crisis, and Russia says the project is on track. But obstacles remain — and some of them could take months to clear.The 750-mile link under the Baltic Sea to Germany has been completed and has begun to receive gas … Read more
Oct 5, 2021 Rich countries are racing to close a climate-finance shortfall of at least $10 billion, with a handful of European nations planning to increase their pledges this month ahead of crucial talks in Glasgow, Scotland, according to people familiar with the plans.Over a decade ago, developed countries promised to mobilize $100 billion a … Read more
BRUSSELS (AP) — The European Union on Wednesday urged member countries to provide relief funds to consumers and small businesses hit hardest by rising gas and electricity prices, as criticism mounts that the bloc’s climate change fighting policies are…
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s oil company Aramco reached a $2 trillion valuation as it hit near record levels Wednesday during trading hours.
Its market cap value puts Aramco just behind Microsoft and Apple as t…
With rigorous demands placed on oilfield machinery, you need assurance that the cylinders you incorporate into your equipment design will stand up even in the most severe applications. RAM Industries has been providing top-quality hydraulic cylinders on oil and gas equipment worldwide for over 45 years. RAM’s Heavy-Duty Cylinders perform reliably and safely, whether working … Read more
Once a large and expensive technology, thermal technology has grown to become both affordable and extremely helpful in many different use cases, beyond just perimeter detection. Particularly beneficial is the use of thermal technology in the critical infrastructure industry where highly industrial machinery, heat-sensitive equipment and restricted access areas are common, regardless of location. For … Read more
By John Kemp LONDON, Oct 5 (Reuters) – How high are oil prices really and what signal are they currently sending to producers and consumers about the need for more output and lower fuel use? The strength of a price signal depends on both the real level of prices adjusted for inflation and the rate … Read more
The moon turns orange during a total lunar eclipse behind the CN Tower and the skyline during moonset in Toronto, October 8, 2014. REUTERS/Mark Blinch/File Photo Oct 5 (Reuters) – Ontario’s largest electric utility, Hydro One Ltd (H.TO), is seeking acquisitions worth up to C$500 million ($397 million) to boost its customer base and consolidate the … Read more
Calgary Mayoral Candidates Weigh In About Energy Issues That Affect Calgary Since the energy industry is so important to many Calgarians (and Albertans), EnergyNow put together a series of energy related questions and presented them to leading contenders in the City of Calgary’s 2021 Mayoral race. All candidates were asked the same questions. EnergyNow will … Read more
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, Oct. 5, 2021 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to announce the closing of the previously announced financings of Rubellite Energy Inc. (“Rubellite”), the repayment of its second lien term loan and credit facility extension, … Read more
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ CALGARY, AB, Oct. 5, 2021 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to announce that it has entered into a purchase and sale agreement with Whitecap Resources Inc. (“Whitecap”) to acquire a newly-created 5% gross overriding royalty interest … Read more
Oct. 5, 2021 Equalization costs each Albertan $650 in 2021 EDMONTON, AB: The Canadian Taxpayers Federation released analysis today showing equalization cost each Albertan an average of $650 this year. “Alberta taxpayers have paid billions of dollars through equalization, but politicians in other provinces and Ottawa continue to make it harder for our families to put food … Read more
October 05, 2021 CALGARY, ALBERTA – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Topaz Energy Corp. for the sale of a newly formed 5% Gross Overriding Royalty (“GORR”) on its working interest in the Weyburn CO2 Unit for cash … Read more
October 05, 2021 CALGARY, Alberta, Oct. 05, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that it has closed its previously announced transaction to acquire concentrated, high quality U.S. royalty assets for US$54 million ($68 million) (the Midland Assets) from OneMap Mineral Services LLC. The Midland Assets in conjunction with the focused acquisition … Read more
Pennsylvania’s attorney general filed criminal charges Tuesday against the developer of a problem-plagued pipeline that takes natural gas liquids from the Marcellus Shale gas field to an export terminal near Philadelphia.
Attorney …
Oct 5, 2021 (Bloomberg) China ordered its banks to ramp up funding to coal and energy companies, another step in its efforts to ease a power crunch and ensure supplies this winter.Banks and other financial institutions should prioritize lending to qualified mines and power plants so they can increase thermal coal and electricity output, China Banking … Read more
Oct 5, 2021 (Bloomberg) Oil rose to a new seven-year high after OPEC+ chose to keep supplies fairly tight even as the world grapples with an energy crunch. Futures climbed above $78 a barrel in New York after surging 2.3% on Monday as Saudi Arabia and its partners opted for a modest output increase of 400,000 barrels a … Read more
Oct 5, 2021 (Bloomberg) Canada’s trade surplus with the rest of the world expanded significantly in August on larger energy exports. The country’s merchandise trade surplus was C$1.94 billion ($1.5 billion) from a revised C$736 million surplus in July, Statistics Canada reported Tuesday in Ottawa. Economists were expecting a surplus of C$430 million, according to the median estimate … Read more
By David Yager October 4, 2021 Imagine if Greta Thunberg and Alexandria Ocasio-Cortez became the thought leaders for the future of global energy. Oh dear. They did. But only the western world’s media and politicians were listening. As fossil fuel prices skyrocket and shortages loom, we are again reminded that market forces rule. It is … Read more
As outlined in a recently released Bulletin 2021-36 from the Alberta Energy Regulator (AER), several pipeline incidents over recent years have resulted from a form of stress corrosion cracking (SCC) on high-temperature steel pipelines. The commonality between these incidents is that the pipelines had mineral wool insulation and aluminum cladding, but no external corrosion barrier … Read more
Check out David Blanco and Chad Carriere as they discuss the latest advances in the industrial automation industry and the issues we all face today, on the Crownsmen Energy show. David Blanco’s LinkedIn Chad Carriere’s LinkedIn Learn more about AUTOSOL HERE
Calgary Mayoral Candidates Weigh In About Energy Issues That Affect Calgary Since the energy industry is so important to many Calgarians (and Albertans), EnergyNow put together a series of energy related questions and presented them to leading contenders in the City of Calgary’s 2021 Mayoral race. All candidates were asked the same questions. EnergyNow will … Read more
October 4, 2021 It is with deep sadness, Barclay Hambrook, who led several publicly traded energy companies, passed away peacefully on Monday, September 27 with his loving wife, Colleen Hambrook (nee Sproule) and daughter, Chantel Hambrook, and sister-in-law Cathy Sproule by his side. After a 2½ years battle with ALS it was time for … Read more
OTTAWA — Canada is formally invoking a 1977 pipeline treaty with the United States in a bid to prevent Michigan from turning off the taps to Enbridge’s Line 5 pipeline.
The dispute stems from a nearly year-old decision by Michigan Gov. Gretchen Whitme…
CALGARY — Crude oil worth US$100 per barrel could be possible this winter, according to industry experts who have been watching prices rally this fall to territory not seen in seven years.
The North American benchmark West Texas Intermediate price spi…
By Geoffrey Cann Thanks to digital innovations, the energy system and fintech are converging in a powerful new model that may well disrupt the established order. Please pay attention. A Panel Discussion on Energy and Finance I recently delivered a keynote address and participated in a panel discussion on the convergence of energy technology and financial technology … Read more
FRANKFURT, Germany (AP) — Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November.
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A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford WASHINGTON, Oct 4 (Reuters) – The U.S. Department of Justice is investigating suspected manipulation of energy pricing benchmarks published by S&P Global Platts, expanding the agency’s crackdown on misconduct in … Read more
Oct 4, 2021 (Bloomberg) Oil flipped between gains and losses ahead of an OPEC+ meeting on Monday to discuss production policy amid a rapidly tightening market.Futures in New York were little changed and remain near $76. The Organization of Petroleum Exporting Countries and its allies are unlikely to add more than their planned volume of 400,000 … Read more
October 01, 2021 CALGARY, Alberta, Oct. 01, 2021 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) is pleased to announce that Mark Hopper will join Cordy as its Chief Financial Officer effective October 2, 2021. Mr. Hopper is a Chartered Professional Accountant with considerable expertise in financial management of various energy companies. … Read more
CALGARY — Surge Energy Inc. says it has signed a deal to buy Fire Sky Energy Inc. in an agreement valued at $58 million.
Fire Sky owns assets producing more than 1,500 barrels of oil equivalent per day focused in Surge’s core area in southeast Saskatc…
Analytical Solutions The Parker ChangeOver System (COSE) is a compact turnkey module that assists the operator with their total gas management. The COSE maintains a continuous gas delivery from two separate sources allowing for maximum cylinder gas usage from one source before automatically switching to the second source. The COSE lowers specialty gas costs by … Read more
Contents Fast Response Time Catch Excursions Quickly Prevent Downtime By Eliminating Sampling Systems Monitoring Vapor Recovery Units Where Tight O2 Levels Are Critical Measure O2 in Small Line Sizes Adaptions for Unique Applications Operating in Corrosive Environments With Very Low Maintenance Reduce Explosion Risk in 2 Seconds with In Situ Oxygen Analysis Caprolactam production … Read more
True story: The inspiration to create Muddy Boots came from a realization that most software platforms were designed from the head office out. As Muddy Boots President Glenn Kelley explains in a recent podcast appearance, he saw firsthand the resistance expressed by field operations to take on yet another system to record the critical data … Read more
In the energy sector, KPIs dominate. But the latest metric to drive decisions in the sector is notoriously difficult to quantify – ESG. Gathering data on a company’s environmental, social and governance performance is challenging because the information is often self-reported and can be subjective. In addition, a myriad of datapoints, found from a wide … Read more
This SKYMOD is comprised of eight truck offload stations connected to an overhead piping system and can expand to accommodate two future truck offload stations. In February 2020, Sky Eye was awarded and kicked off front-end engineering design (FEED) for a 975m3/hr Heavy Oil Truck Offloading Terminal for a Western Canadian producer. This project included … Read more
By Vista Projects 18 months into the pandemic, most office workers have come to terms with the idea of working remotely. In fact, many workplaces will never return to a full in-person operation. Here’s Deloitte’s view of the situation: The traditional “day at the office” has changed. The future will likely center around adaptive workplaces—a … Read more
September 29, 2021 05:00 ET | Source: Fraser Institute TORONTO, Sept. 29, 2021 (GLOBE NEWSWIRE) — Economic growth and business investment in Canada have been faltering, which has severely weakened the country’s ability to encourage innovation or new business start-ups, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. … Read more
Oct 1 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row as more storm-hit offshore units resumed service in the Gulf of Mexico, and as crude prices this week hit three-year highs, prompting drillers to return to the wellpad. The oil and gas rig … Read more
Oct 3, 2021 (Bloomberg) The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group.There’s little chance of Iranian barrels returning to global markets this year and U.S. shale producers aren’t investing enough to raise output quickly, the world’s largest independent oil trader said.“Control of pricing … Read more
Expansion demonstrates for all to see how Indigenous communities are exercising self-determination By Joseph Quesnel Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Trans Mountain participates in a cultural ceremony with the Shxw’ōwhámél First Nation near Hope, B.C. Photograph courtesy Trans Mountain Certain environmentalist organizations will say anything to … Read more
Canada’s drilling rig count is up 3 active drilling rigs according to data collected by Baker Hughes for the week ending October 1, 2021. From one week ago, Alberta rig counts increased 4 to 117 and the Saskatchewan rig counts decreased 1 to 25. Oil drilling increased 1 to 97 and gas increased 3 to … Read more
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger/File Photo LONDON, Oct 3 (Reuters) – OPEC and its allies meet on Monday to debate how much oil to release into the red hot market, where supply … Read more
Quebec leads in oil imports from other countries despite Canada’s vast oil reserves By Mark Milke and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Downtown Montreal, Quebec In one of the great ironies of modern Canadian life, a country with plentiful oil reserves has imported $488 billion in … Read more
(Bloomberg) When the OPEC+ alliance of oil producers gathers Monday, group leader Saudi Arabia can savor a moment of triumph. Eighteen months after slashing crude production during the pandemic, Riyadh is set to pump at almost pre-Covid levels of 9.8 million barrels a day this month as a recovering global economy clamours for energy supplies.Furthermore, … Read more
Oct 3, 2021 (Bloomberg) The global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery from the pandemic recession and prove policy makers’ benign views on inflation wrong.The spreading delta variant continues to disrupt schools and workplaces. U.S. lawmakers are wrangling over the debt ceiling and spending plans. China is … Read more
October 1, 2021 The Canadian Association of Energy Contractors (CAOEC) celebrates the completion of Enbridge’s Line 3 Replacement Project. The project will double the line’s export capacity to 760,000 barrels per day, starting October 1, 2021. Together with high commodity prices for oil, natural gas, and LNG, Line 3’s completion is welcome and encouraging news for … 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 Oct 1 (Reuters) – British gasoline stations running dry, surging power costs in the European Union ahead of winter, forced restrictions on energy use in China and rising oil, natural gas and coal prices. … Read more
WASHINGTON — The Canadian architect of the controversial Line 5 cross-border pipeline expansion project said Friday it remains committed to a negotiated solution to its impasse with the state of Michigan, even though the government has effectively wal…
Watch this video to find out the solution to fixing “legacy wells”, featuring Danielle Smith, Kris Kinnear, and Shane Sutherland.
Canada displays many of the same symptoms of business malaise evident in European nations. Real GDP growth over the past decade was the slowest since the 1930s, productivity has stalled, and reduced competitiveness has hampered our ability to capitalize on trade deals, all of which have combined to lower our share of global GDP. … Read more
Oct 1, 2021 (Bloomberg) The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America.Natural gas prices have already surged to almost double that level in oil equivalent terms, and BofA says a spike in demand for diesel could … Read more
By Kate Mackenzie Oct 1, 2021 (Bloomberg) A quiet celebration took place in London last month. It marked the 10th anniversary of the “Carbon Bubble” report, published by the think tank Carbon Tracker Initiative, that’s become one of the most influential arguments against burning fossil fuels.The report’s starting point was another pioneering piece of research. Malte Meinshausen and … Read more
Oct 1, 2021 (Bloomberg) Oil edged lower as traders look ahead to Monday’s OPEC+ meeting, with the market eyeing potential supply increases. Futures in New York fell 0.6% while international benchmark Brent also declined. OPEC and its allies will meet Monday, with a planned production hike of more than 400,000 barrels a day seen as under … Read more
By John Kemp High-voltage power lines and electricity pylons pictured near Berlin, November 7, 2006. REUTERS/Pawel Kopczynski LONDON, Oct 1 (Reuters) – Europe’s increasingly expensive gas and electricity prices are sending a strong signal to manufacturers to consider temporary plant closures and to home and office owners to turn down thermostats to conserve fuel this … Read more
A liquified natural gas (LNG) tanker leaves the dock after discharge at PetroChina’s receiving terminal in Dalian, Liaoning province, China July 16, 2018. REUTERS/Chen Aizhu/File Photo Summary Asian LNG prices surge from below $2/mmBtu to above $34/mmBtu European gas storage at low levels, fuelling restocking efforts Maintenance at LNG plants prolonged and delayed due to … Read more
October 01, 2021 CALGARY, Alberta, Oct. 01, 2021 (GLOBE NEWSWIRE) — Suncor today confirmed that it has assumed operatorship of the Syncrude Joint Venture, a critical step towards driving greater efficiencies and competitiveness across all Suncor-operated assets in the Regional Municipality of Wood Buffalo (RMWB). The arrangement, which has the full support of the Syncrude … Read more
September 30, 2021 CALGARY – Enbridge Inc.’s Line 3 pipeline replacement project will enter into service on Friday, making it the first major Canadian pipeline project to be completed since 2015 and marking a significant victory for an energy sector that’s been hamstrung by a lack of export capacity. “This is a big win for sure,” … 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 also hold quarterly webinars and provide … Read more
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina Sept 30 (Reuters) – OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources … Read more
British Columbia is subsidizing oil and gas well drilling on the same land it has promised to protect for caribou, new research has found.
“The B.C. government has made a lot of commitments to caribou habitat restoration and it’s not really working,” …
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada