Proceeds will accelerate debt reduction and support enhanced shareholder returns November 30, 2021 CALGARY, Alberta, Nov. 30, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached agreements to sell its Husky retail fuels network and the Wembley assets in its Conventional business for combined total cash proceeds of nearly $660 million, … Read more
By David Yager Fossil Fuels and the Law – Will Eco-Terrorism Become Acceptable? By David Yager November 29, 2021 An excellent indicator of growing societal acceptance of what was once a new concept is its appearance in a dictionary with a definition. So it goes for “eco-terrorism.” The Meriam-Webster online dictionary defines it as, “Sabotage … Read more
November 30, 2021 CALGARY, Alberta, Nov. 30, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.01 per share on its common shares for the quarter ending December 31, 2021, which represents a 100% increase … Read more
Calgary, Alberta–(Newsfile Corp. – November 30, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announced that our semi-annual borrowing base redetermination has been completed, resulting in a $35 million increase to our revolving syndicated credit facility from $225 million to $260 million. The Company has a reserve-based … Read more
WASHINGTON — David Cohen has been sworn in as the new United States ambassador to Canada — the first full-time American envoy since 2019.
Vice-president Kamala Harris presided over the process in her ceremonial offices earlier today.
Cohen, a lawyer…
Conservative Party Leader Erin O’Toole wants to blast Prime Minister Justin Trudeau over inflation. And the prime minister is certainly vulnerable as rising prices at the gas pump and grocery store illustrate the risks of runaway government spending. But using O’Toole’s policies to fight inflation would be like using a gas can to put out … Read more
Canada’s oil and gas sector plays significant role fueling BC’s economy with jobs and economic benefits By Ven Venkatachalam and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Download the PDF here Download the charts here Overview Canada’s oil and natural gas sector has had a positive impact on many parts … Read more
Nov 30, 2021 (Bloomberg) Soaring commodity prices and supply chain bottlenecks threaten to push up the cost of batteries seen as crucial in the fight against climate change. Higher raw material costs could push the average price of a lithium-ion battery pack to $135 per kilowatt-hour in 2022, a 2.3% gain from this year’s level, according … Read more
Nov 30, 2021 (Bloomberg) Oil resumed its slide after Monday’s rebound as fears that the omicron variant may resist vaccines sent risk assets tumbling. West Texas Intermediate futures fell 2.2% as part of a broader retreat among commodities and equities as a top drugmaker reiterated warnings that the new strain could withstand existing inoculations.Brent crude also … Read more
LONDON, Nov 30 (Reuters) – The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed. The survey conducted as part of a report by recruitment firm Brunel and Oilandgasjobsearch.com showed that 43% … Read more
WHO says Omicron poses very high global risk Travellers considering to cancel, delay trips Airlines scrambling to limit impact Asian jet fuel cracks slide, time spread flips to contango SINGAPORE, Nov 30 (Reuters) – Global jet fuel markets stayed under pressure on Tuesday as more countries expanded border restrictions to keep the new Omicron coronavirus … Read more
WINNIPEG, Manitoba, Nov 30 (Reuters) – A Canadian regulator’s rejection last week of Enbridge Inc’s (ENB.TO) plan to sell space long-term on the country’s biggest oil pipeline dealt the company a double whammy that analysts say could hit its bottom line. Enbridge lost a chance to secure shipping contracts for as long as 20 years, and … Read more
Nov 29, 2021 (Bloomberg) British Columbia extended a state of emergency and fuel rationing until mid-December as the western Canadian province braces for more heavy rain following some of its worst floods on record. Parts of British Columbia are still struggling with damage from floods and landslides that closed highways and railways two weeks ago, sharply … Read more
November 30, 2021 CALGARY, Alberta, Nov. 30, 2021 (GLOBE NEWSWIRE) — Kiwetinohk Energy Corp. (“Kiwetinohk” or the “Corporation”) is pleased to announce that John Maniawski has been appointed President of the Green Energy Division. Mr. Maniawski will lead the strategic planning, development and execution of the company’s renewable and gas-fired power generation, and clean energy … Read more
All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen sales unless otherwise noted CALGARY, AB, Nov. 29, 2021 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Corporation”) announced today its 2022 capital investment plan and operational guidance. Highlights include: Related Documents VIEW PDF MEG Energy announces … Read more
Nov 29, 2021 (Bloomberg)Energy producers — not the transition to a greener economy — are a key reason for soaring natural gas and power prices in Europe, according to International Energy Agency Executive Director Fatih Birol.The price spike is the result of factors including demand growth, supply outages and extreme-weather events, “but also — I … Read more
CALGARY, AB, Nov. 29, 2021 /CNW/ – MEG Energy Corp. (“MEG” or the “Company”) (TSX: MEG) announced today that it has issued a notice to redeem US$225 million aggregate principal amount of its 6.50% senior secured second lien notes due 2025 (the “Second Lien Notes”) at a redemption price of 101.625%, plus accrued and unpaid interest to, but not including, the redemption … Read more
EDMONTON — Alberta’s budget outlook for this year is turning a rosier shade of red ink with jobs up, the deficit down and oil and gas prices humming along at unexpectedly high levels.
Finance Minister Travis Toews says the deficit is expected to be $5…
Canada’s Trans Mountain on Friday said it is working towards restarting the oil pipeline at a reduced capacity early to mid-next week. (Reuters) – Canada’s Trans Mountain on Friday said it is working towards restarting the oil pipeline at a reduced capacity early to mid-next week. The pipeline was shut down on Nov. 14 as … Read more
OTTAWA, ON, Nov. 29, 2021 /CNW/ – Today, the Canadian Gas Association (CGA) launched a digital hub dedicated to sharing the gas delivery industry’s work and ongoing efforts to meet Government of Canada emission targets of net zero by 2050. Details of the industry’s role are highlighted on CGA’s website through a new Net-Zero Hub. This Hub contains insights on … Read more
Understanding Energy In the Face of Climate Change The general public has very little understanding about how important energy is in our lives and the different forms of energy. This easy to understand video explains all that energy does for us, why we absolutely can’t do without it, and why the world will need to … Read more
CALGARY — Vermilion Energy Inc. says it has signed a deal to increase its stake in the Corrib natural gas project off the coast of Ireland.
Under an agreement with Equinor ASA, the Calgary-based company says it will pay $556 million for Equinor Energy…
November 29, 2021 CALGARY, Alberta, Nov. 29, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (“InPlay“) (TSX:IPO) and Prairie Storm Resources Corp. (TSXV: PSEC) (“Prairie Storm” or the “Corporation“) are pleased to announce that the Court of Queen’s Bench of Alberta (the “Court“) has granted a final order approving the previously announced plan of arrangement (the … Read more
This report presents the results of the Fraser Institute’s 2021 Canada-US Energy Sector Competitiveness Survey regarding barriers to investment in oil and gas exploration and production facilities in each country. The survey responses have been tallied to rank Canadian and American jurisdictions according to the extent of such barriers. Those barriers, as assessed by the survey … Read more
EDMONTON — Alberta’s finance minister says the recent bullish run on energy prices is part of a stronger economic story on the province’s bottom line that will be revealed in the upcoming second-quarter budget update.
Travis Toews says investment is g…
Nov 29, 2021 (Bloomberg) Justin Trudeau appears set to add another item to his government’s growing list of trade grievances with Joe Biden’s administration. Canada is leaning toward forming a common front with Mexico in a fight with the U.S. over how to interpret rules governing the origin of vehicle parts. The rules, which are part … Read more
Calgary, AB, Nov. 29, 2021 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce the acquisition of an incremental 36.5% interest in the Corrib Natural Gas Project (“Corrib”) and our 2022 Budget and Guidance. Highlights VIEW PDFVermilion Energy Inc. Announces Corrib Acquisition and 2022 Budget and Guidance … Read more
Open access carbon hub in Wabamun area of central Alberta would support Capital Power and other local companies EDMONTON, Alberta, Nov. 29, 2021 (GLOBE NEWSWIRE) — Capital Power Corporation (TSX: CPX) and Enbridge Inc. (TSX: ENB) (NYSE: ENB) are pleased to announce a memorandum of understanding to collaborate on carbon capture and storage (CCS) solutions … Read more
Nov 29, 2021 (Bloomberg) Oil rebounded from one of its biggest ever daily drops as traders assessed the risks to global demand from the Omicron variant of Covid-19 and the potential response by OPEC and its allies.Brent rallied as much as 5.2%, climbing along with West Texas Intermediate. The World Health Organization warned the new strain could have … Read more
Nov 29, 2021 (Bloomberg) Saudi Arabia’s Energy Minister Abdulaziz bin Salman played down the likely fallout from the new coronavirus variant that pummeled oil markets last week.“I’m a very relaxed person. I’m not concerned,” the minister said when asked how the new strain may affect demand.Abdulaziz, who was speaking to reporters in Dhahran in the … Read more
Nov 29, 2021 (Bloomberg) Oil rebounded from one of its biggest ever daily drops as traders assessed the risks to global demand from the Omicron variant of Covid-19 and the potential response by OPEC and its allies.Brent rallied as much as 5.2%, climbing along with West Texas Intermediate. The World Health Organization warned the new strain could … Read more
Nov 29, 2021 (Bloomberg) OPEC and its allies will discuss their response to the Omicron variant of the coronavirus at their meeting this week, although their knowledge of the potential impact on oil markets remains limited. The comments on Monday from Russia and Saudi Arabia, the leaders of OPEC+, are the latest sign the group may reconsider its planned January … Read more
(Bloomberg) Enbridge Inc. plans to explore several alternatives, including the extension of its previous commercial agreement, for its Mainline pipeline network after Canada’s top energy regulator rejected the company’s proposal to use long-term contracts.The Calgary-based company will explore with stakeholders a modified version of Competitive Tolling Settlement, as the most recent commercial framework that expired … Read more
Canadian Mainline to continue to offer 100 per cent uncommitted capacity to all shippers November 26, 2021 CALGARY, Alberta, Nov. 26, 2021 (GLOBE NEWSWIRE) — The Commission of the Canada Energy Regulator did not approve Enbridge’s application to enter into long-term contracts on the Canadian Mainline pipeline for 90 percent of the system’s capacity. The … Read more
Summary Activist calls on insurers to sue big oil companies The latest volley in ongoing climate campaign Munich Re, Swiss Re CEOs push for gradual transformation The current debate is too shallow – Hannover Re CEO FRANKFURT, Nov 26 (Reuters) – A prominent activist is calling on insurers like Swiss Re to explore suing major … Read more
Heavy oil facilities, like those found across Western Canada, can be configured in a wide variety of ways – making it more challenging to create surveillance solutions for those locations. Whether it is a single well site, a multiple well pad, or a gathering and treating site for heavy oil – it is crucial to … Read more
By Current SCM When you think of a bullwhip, your mind might envision something out of an Old Western or Indiana Jones. But the Bullwhip Effect is actually an important concept in economics and supply chain management. This article guides you through the Bullwhip Effect in supply chain, and how it might have a much … Read more
Independent, Unbiased Well Placement Solutions roundLAB’s Estimated Drill String Interference Calculator (eDSI™) estimates optimal non-mag spacing for MWD based on wellbore location, trajectory, and BHA configuration. Inadequate non-mag spacing is a common source of MWD survey error often leading to inaccurate well placement. roundLAB’s eDSI™ model’s downhole components and estimates the potential magnetic field of … Read more
Produced water is a term used in the oil industry to describe water that is produced when oil and gas are extracted from the ground. Oil and gas reservoirs have a natural water layer (formation water) that lies under the hydrocarbons. Oil reservoirs frequently contain large volumes of water, while gas reservoirs tend to have … Read more
Nov 24 (Reuters) – U.S. energy firms added oil and natural gas rigs for a record 16 months in a row as crude prices in recent weeks rose to a seven-year high, prompting some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose six to … Read more
Canada’s drilling rig count is up 4 active drilling rigs according to data collected by Baker Hughes for the week ending November 24, 2021. From one week ago, Alberta rig counts increased 3 to 118 and the Saskatchewan rig counts increased 2 to 38. Oil drilling increased 4 to 106 and gas stayed at 65.
CALGARY — Canada’s main energy regulator has rejected Enbridge Inc.’s proposal to fill its Mainline pipeline network through long-term contracts.
The Calgary-based pipeline giant had applied to enter into long-term contracts for 90 per cent of the Mai…
Renowned financial leader says divestment movement is ‘greenwashing’ By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The heavy hitter at the top of the world’s largest asset management firm says it’s a “bad answer” for investors to abandon oil and gas, and it won’t help solve climate change. “Nothing’s more greenwashing than divestiture, because it doesn’t change the footprint of the … Read more
Canadians should experience the fastest drop in gasoline prices in nearly 13 years on Sunday as fears about a virulent new COVID-19 variant are expected to provide a break of 11 cents per litre at the pumps.
Dan McTeague, president of Canadians for Af…
Summary Source says Russia not concerned yet by variant impact on OPEC+ Oil plunges more than 10% OPEC+ meets on Dec. 2 LONDON/MOSCOW, Nov 26 (Reuters) – OPEC+ is monitoring developments around the new coronavirus variant, sources said on Friday, with some expressing concern that it may worsen the oil market outlook less than a … Read more
Summary New coronavirus variant detected in South Africa New variant may worsen oil outlook before OPEC+ Dec 2 meet OPEC panel sees surplus growing in first quarter Nov 26 (Reuters) – Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020, as a new variant of the coronavirus spooked investors … Read more
Projects improve industry’s environmental performance and enable First Nations self-determination Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A growing number of Canada’s Indigenous communities are becoming owners of oil and gas projects that can help reduce environmental impacts while lifting their members out of poverty. More project ownership builds on momentum in the industry’s spending with Indigenous … Read more
November 26, 2021 CALGARY, Alberta, Nov. 26, 2021 (GLOBE NEWSWIRE) — Kiwetinohk Energy Corp. (“Kiwetinohk” or the “Corporation”) is pleased to announce its interim unaudited financial and operating results for the three and nine-month periods ended September 30, 2021. Selected financial and operational information is outlined below and should be read in conjunction with Kiwetinohk’s … Read more
CALGARY, AB, Nov. 25, 2021 /CNW/ – ATB Financial’s latest Economic Outlook forecast for 2022 anticipates that, while a strong recovery in the oil and gas sector and momentum in other areas are propelling the Alberta economy forward, we will continue to face challenges due to the ongoing pandemic. Alberta’s real GDP is expected to rebound … Read more
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Nov 25th 2021 by Michelle Heath and Aaron Foyer The rise of Tesla as the top electric vehicle manufacturer and the first trillion-dollar automaker has fueled investments into the sector over the past few years. But there are concerns speculation has driven much of rise for EV-related companies … Read more
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Average fuel consumption of new light-duty vehicles, 2005-2019 litres of gasoline equivalent Courtesy of The IEA A recent joint report between the Global Fuel Economy Initiative (GFEI) and the International Energy Agency (IEA) indicates that, in recent years, only minor improvements have been seen regarding the … Read more
Nov 26, 2021 (Bloomberg) The two worlds of finance — public and private — came together like never before at the COP26 summit in Glasgow.Bankers and financiers showed up in full force at an event outside the venue where they rolled out carefully orchestrated pledges and laid out their visions for how markets can solve the climate crisis. Inside … Read more
Nov 26, 2021 (Bloomberg) Oil fell sharply as a new Covid-19 strain raised concerns about the outlook for demand and sent global markets spiraling.Futures in New York tumbled toward $73 a barrel and benchmark Brent shed as much as 6%, the most since July. The emergence of the new strain has seen several nations curb travel from South … Read more
November 26, 2021 CALGARY, Alberta, Nov. 26, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its third quarter 2021 financial and operating results. Selected financial, operational and reserves information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion … Read more
November 26, 2021 CALGARY, Alberta, Nov. 26, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE: GTE) today announced that Gran Tierra Resources Limited (“GTRL”), a wholly owned subsidiary of Gran Tierra, has procured private purchasers for the sale by GTRL of an aggregate of 137,093,750 common shares (the “Purchased … 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 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 BUY … Read more
Pandell XD Executive Dashboard Brings Live, Aggregated Land & Financial Reporting Analytics to Global Oil & Gas, Pipeline, Renewable Energy, Utility, and Mining Companies. This cloud-hosted solution offers live, rolled-up views of land and financial datasets and trends by seamlessly pulling data from multiple enterprise systems including Pandell Projects, LandRite, Landworks, JV, AFE, PetroNet, and … Read more
All eyes and ears on wildlife We’ve created a video from still photos to show some of the wildlife around our Christina Lake and Foster Creek oil sands operations in northern Alberta. November 2021 – We’re using remote cameras and specialized acoustic (audio) recording units to keep close tabs on wildlife around our oil sands … Read more
Vancouver, British Columbia–(Newsfile Corp. – November 25, 2021) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to provide an update on its drilling operations in the Atlee Buffalo area of southeast Alberta. Due to rig availability constraints and projected cost increases in 2022, Hemisphere has recently accelerated a portion … Read more
Nov 25, 2021 (Bloomberg) Oil was steady after OPEC said a planned coordinated release of reserves may swell a crude surplus expected early next year.Futures in New York traded near $78 a barrel. The projection was made by the producer group’s advisory body — the Economic Commission Board — ahead of an OPEC+ meeting next week. Some of … Read more
The arrival of LNG projects has been ‘transformational’ for the community Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Witnessing escalating protests against the Coastal GasLink pipeline in northern B.C., Haisla Nation Chief Councillor Crystal Smith is hoping for a peaceful resolution that brings understanding to what is … Read more
(Reuters) – JP Morgan expects crude oil demand to surpass 2019 levels by March 2022, driven by a rebound in economic activities and countries reopening their borders, the bank said in a research note on Wednesday. The bank expects global oil demand to grow 3.5 million barrels per day (bpd) in 2022 to reach 99.8 … Read more
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The phrase ‘cleantech’ often summons images of wind turbines or that countertop composter you’re thinking of buying. But let’s be honest, you aren’t going to start growing vegetables with homemade fertilizer anytime soon. However, when you look beyond the flashier cleantech headlines, you’ll find solutions … Read more
CALGARY — After seven years of layoffs and hard times, employers in Alberta’s oilpatch are once again flush with cash and out to lure workers from the Maritimes and other parts of Eastern Canada.
The Canadian Association of Energy Contractors (CAOEC) …
Analyzing ‘on the ground’ realities for local businesses and employment By Ven Venkatachalam and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The headline screamed: “The end of oil age” in the Economist in 2003. Fast forward 18 years and that still doesn’t make sense in many ways. The demand for … Read more
Calgary, Alberta–(Newsfile Corp. – November 24, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce it has closed its previously announced acquisition of the remaining 45 percent interest in the Peace River Oil Partnership (“PROP“) asset through a wholly-owned subsidiary (the “Acquisition“). “We’re extremely pleased to … Read more
Alimentation Couche-Tard Inc. says labour shortages have been a big challenge for its convenience stores and suppliers, but the Quebec company believes the worst is behind it.
The company says it faced a 7.7 per cent increase in operating expenses in …
Nov 24, 2021 (Bloomberg) Oil held on to Tuesday’s surge following the announcement of a coordinated release of strategic petroleum reserves, but the additional supply is unlikely to solve ongoing strength in some pockets of the oil market.Brent futures traded around $82 a barrel after climbing 3.3% on Tuesday. The total SPR release by the U.S., … Read more
CAOEC announces the release of its Q4 2021 and 2022 Drilling Forecast Projected 2022 wells drilled: 6,457 – an increase of 1,363 from 2021 (5,094*) Projected 2022 operating days: 58,111 – an increase of 12,268 from 2021 (45,843*) Rig fleet expected to decrease by 8 (489 drilling rigs to 481 drilling rigs) Total jobs expected … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. In order to capitalize on the recent trend of rising commodity prices in … Read more
COVID-19 has changed everything about the way we do business – and sales are no exception. If you’ve wondered what virtual sales means, this article will break down the differences between virtual selling and traditional sales and give you the tips, tools and techniques you need to take advantage of this new era we find … Read more
With over 17 years experience in Western Canada’s energy industry, Travis Sharpe brings a wealth of experience to WestFab . Travis started his career on the Drilling side of the industry, where he studied and absorbed a deep understanding to the Oil & Gas sector. Ranging from downhole drilling operations to full “Cradle to the Grave Projects”. … Read more
How the oil and gas industry helps fuel economic prosperity and employment in Canada’s largest province By Ven Venkatachalam and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Download the PDF here Download the charts here Overview Canada’s oil and gas industry has a positive impact on many sectors of the … Read more
A coalition of at least eight environmental groups is threatening to sue Alberta Premier Jason Kenney for defamation if he doesn’t retract and apologize for statements saying a public inquiry found they spread misinformation about the province’s oil a…
Collaboration to design and build the lowest-emission LNG facility in the world VANCOUVER, BC and HOUSTON, Nov. 23, 2021 /CNW/ – Woodfibre LNG has signed an Engineering, Procurement, Fabrication, and Construction (EPFC) contract with McDermott International. The EPFC contract is an important step in advancing detailed engineering and construction scheduling work in advance of Woodfibre LNG issuing a notice … Read more
WASHINGTON (AP) — President Joe Biden on Tuesday ordered 50 million barrels of oil released from America’s strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including India, the United Kingdo…
CALGARY — An oil industry group says it expects the number of wells drilled in Canada to increase in 2022.
The Canadian Association of Energy Contractors says it is projecting 6,457 wells for 2022, an increase of 1,363, or more than 25 per cent, from …
LAVAL, Que. — Alimentation Couche-Tard Inc. is boosting its quarterly dividend by nearly 26 per cent even as its net earnings decreased in its latest quarter despite higher revenues.
The Quebec-based convenience store operator says it will pay 11 cen…
WASHINGTON — Pipeline giant TC Energy is formally seeking to recover more than US$15 billion in “economic damages” from the U.S. government following President Joe Biden’s Day 1 decision to cancel the cross-border Keystone XL expansion project.
The C…
David Suzuki warns pipelines will be ‘blown up’ as opponents become more extreme By Shawn Logan and Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Anyone who’s been paying attention to the increasingly fraught battles over oil and gas projects has seen a decided shift in the … Read more
Nov 23, 2021 (Bloomberg) Oil declined with India set to announce a modest oil stockpile release on Tuesday, the start of a U.S.-led effort by the world’s biggest consumers to tap reserves and tame high fuel prices.Futures in New York fell below $76 a barrel. India is said to be planning a 5-million barrel release from its stockpiles, … Read more
This is Part Two of a Three Part Series Read Part One Here – Temporary Diversion Methods – NCS Fluid Systems [PART 1 of 3] Design and Installation NCS Fluid Handling Systems design engineering determine if a diversion is appropriate based on appropriate uses and design considerations stated earlier. As noted, in some cases, constructing … Read more
CALGARY — Parkland Corp. is moving to pause its refinery processing operations in Burnaby, B.C., due to a lack of crude oil supply from the Trans Mountain pipeline, which has been shut down as a precaution due to the flooding in B.C.
The company says …
(Bloomberg) Developers of Keystone XL are seeking to recoup more than $15 billion in damages connected to President Joe Biden’s decision to yank a permit for the border-crossing oil pipeline even after construction began.With a request for arbitration filed Monday, Calgary-based TC Energy Corp. formally opened one of the largest trade appeals ever against the U.S. … Read more
LONDON, Nov 23 (Reuters) – OPEC+ has produced less oil than its agreed output targets, drawing scrutiny from the United States and other major consumers which want more crude from the group. The International Energy Agency (IEA) said OPEC+ production was below its target in both September and October by more than 700,000 barrels per … Read more
Nov 22 (Reuters) – Enbridge Inc (ENB.TO) said Monday it was now transporting more natural gas on its Westcoast natural gas pipeline than at this time in 2020, less than a week after it shut a segment of the pipeline system due to heavy flooding in the British Columbia province. The pipeline was transporting 1.63 billion … Read more
PRINCE GEORGE, B.C. — A photojournalist and a documentary filmmaker have been released by a B.C. Supreme Court judge, three days after being arrested while covering the RCMP’s enforcement of an injunction against pipeline protests in northern British …
CALGARY — The company that owns the Trans Mountain pipeline says it remains optimistic the pipeline could be restarted by the end of the week.
Trans Mountain Corp. says it has 350 people working around the clock to restart the pipeline, which has been…
CALGARY, AB, Nov. 22, 2021 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) today announced that Mick Dilger has stepped down as President and Chief Executive Officer to pursue other opportunities. The Board of Directors has named Scott Burrows, Pembina’s current Chief Financial Officer, as interim President and Chief Executive Officer. The Board will be working … Read more
Nov 22, 2021 (Bloomberg) – Oil steadied after four weeks of losses as traders weighed the chance that the U.S., China and Japan will tap national crude reserves as concerns over accelerating inflation intensify.Futures in New York traded near $76 a barrel after losing almost 6% last week. President Joe Biden has been talking about a possible … Read more
Nov 22, 2021 (Bloomberg) BP Plc has kicked off a hiring campaign to fill jobs in its fledgling hydrogen business.The U.K. oil and gas major is initially looking to fill some 100 hydrogen jobs to work on projects from Spain to Australia. It’s among a raft of global energy companies stepping up investment in the clean-burning … Read more
Nov 21, 2021 (Bloomberg) The world economy is approaching the northern hemisphere winter in disarray, unable to shake off the coronavirus crisis amid persisting supply disruptions, soaring prices and resurgent outbreaks.Global surveys of purchasing managers this week are likely to point that way. Among the outcomes anticipated by economists are slowing manufacturing and services activity throughout … Read more
CALGARY — Pembina Pipeline Corp. says Mick Dilger has stepped down as president and chief executive to pursue other opportunities.
The company says its board has named chief financial officer Scott Burrows interim president and chief executive.
Camer…
Early this year, we published a report highlighting the accuracy of The Ventbuster® in ultra-low flow detection. Specifically, that its precision measurements have brought to light new understandings around thermogenic gas effects on flowing and shut in-pressures. The report is available for download here. The Ventbuster® has been commercially available for a year. During this time, … Read more
The Spectrex SharpEye Mini 20/20 range includes stainless steel (20/20-MI) and polycarbonate (20/20-MPI) Mini IR3 and stainless steel (20/20-ML) Mini UV/IR detectors which offer a lower cost, lower power, compact design in a general purpose (non-Ex approved) format. The SharpEye 20/20MI Mini Series Flame Detectors are high performance, unique IR3 and UV/IR flame detectors featuring … Read more
Endurance Technologies Inc. is pleased to announce that we have recently signed an exclusive distribution agreement for the Country of Bahrain with Marubeni-Itochu Tubulars Asia and TriMark Tubulars Ltd. The agreement gives these two companies exclusive rights to distribute our ENDURALLOY® production tubing, casing, and components within this market with our full technical support. About … Read more
The inefficiencies weren’t obvious to management. Like many others, the oil producer was managing distinct functional areas with the usual service providers, all with their own systems. It was a logical separation of duties. After all, it’s the status quo, even for some of the leanest energy firms. But by bringing in Oplii, an operations … Read more
Nov 18, 2021 (Bloomberg) The global energy crisis that many blame on efforts to move away from fossil fuels is actually giving new momentum to the shift to renewables in Canada, according to some of the bankers helping oil-sands producers navigate that transition. That’s because, for all the doubt that’s been cast on the reliability of solar … Read more
‘The reality is that the energy industry in Newfoundland and Labrador has transformed its economy’ By Mario Toneguzzi Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The oil and gas industry in Atlantic Canada is an important economic driver for the region with ripple effects throughout the entire … Read more
New research by think tank SecondStreet.org highlights 25 innovative examples of entrepreneurs developing new ways to reduce carbon dioxide usage or repurpose the gas into useful products. From using captured CO2 to make crayons and vodka to diamonds and yoga mats, the report discusses how governments can support entrepreneurs to reduce emissions. “Climate change discourse in Canada … Read more
Canada’s drilling rig count is down 1 active drilling rigs according to data collected by Baker Hughes for the week ending November 19, 2021. From one week ago, Alberta rig counts decreased 3 to 115 and the Saskatchewan rig counts increased 2 to 36. Oil drilling increased 1 to 102 and gas decreased 2 to … Read more
(Bloomberg)World fertilizer prices continue to soar as tightening supplies send costs up for farmers and consumers across the globe. In India, contract pricing for the nutrient potash skyrocketed 59% to $445 per metric ton, according to Bloomberg’s Green Markets.In Northwest Europe, potash prices rose 1.7%, the most since 2015. And in the U.S., the Green … Read more
European energy crisis prompts course change about revisiting the role of natural gas in green energy future Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter No part of the world has done more to tackle the climate change challenge and execute an energy transition from fossil fuels to … Read more
LOS ANGELES (AP) — U.S. Coast Guard investigators on Friday said they have identified a second ship suspected of dragging its anchor near an underwater pipeline that later leaked crude oil into the waters off the Southern California coast.
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Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE by Michelle Heath and Aaron Foyer In 2017, global resource footprint exceeded 100 billion tons per year of material consumption to satisfy key societal needs. 92 billion tons were raw materials while 8.6 billion tons came from recycled materials (UN GEO). With only 8.6 percent of material consumption being recycled, … Read more
Nov 19 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row as crude prices rose to a seven-year high last week, prompting some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose seven to … Read more
Hydrogen is considered a key component of decarbonizing the world’s energy systems by replacing hydrocarbon fuel sources such as gasoline, diesel, and natural gas. While hydrogen has been produced and used in the petrochemical and oil industries for decades, its widespread use as an energy carrier has been limited. However, global pressure to accelerate the … Read more
Summary Austria to enter full lockdown next week Rising cases in Europe may lead to further restrictions Top economies weighing oil release to ease prices Impact likely to be short-lived, Goldman says LONDON, Nov 19 (Reuters) – Oil prices fell sharply on Friday towards $78 a barrel as a fresh surge in COVID-19 cases in … Read more
CALGARY, Alberta, Nov. 18, 2021 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released its third quarter results. ANALYSIS OF CONSOLIDATED RESULTS OF OPERATIONS Three months ended September 30, Nine months ended September 30, ($ 000’s) 2021 2020 ($) Change 2021 2020 ($) Change Revenue Environmental Services 7,655 3,024 4,631 … Read more
EDMONTON, Alberta, Nov. 18, 2021 (GLOBE NEWSWIRE) — Hydrogen is recognized as a key component in transitioning to a lower carbon future. Key challenges include understanding the impact of hydrogen on existing infrastructure and equipment. The Government of Alberta has announced a $1,375,000 investment delivered through Alberta Innovates’ TIER Economic Recovery Program to expand C-FER … Read more
The debate over federal government finances in the wake of the COVID-19 pandemic must focus also on fiscal balance. Restoring balance between revenues and expenditures is technically a simple matter of either reducing expenditures, raising tax revenues, or some combination thereof. However, when it comes to spending, restraint has proven difficult for many governments, in … Read more
OTTAWA, Nov 18 (Reuters) – Canadian police on Thursday started arresting indigenous protesters at the site of TC Energy Corp’s (TRP.TO) Coastal GasLink pipeline in British Columbia, a First Nations group opposed to the project said. The Royal Canadian Mounted Police earlier said they would break up a blockade around the project in the remote northern … Read more
Calgary, Alberta–(Newsfile Corp. – November 18, 2021) – Cuda Oil and Gas Inc. (TSXV: CUDA) (“Cuda” or the “Company“) announces that the Court of Queens Bench of Alberta has granted the application from the Company’s senior and subordinate secured lenders, to appoint FTI Consulting Canada Inc. (the “Receiver“) as receiver and manager over the assets, … Read more
Nov 18, 2021 (Bloomberg)Losing Line 5, an oil and propane pipeline that the governor of Michigan is trying to shut, would impose a significant constraint on U.S. energy supplies, according to the boss of fuel supplier Suburban Propane Partners LP. “I think it’s a very misguided thought that we can do without the amount of propane … Read more
CALGARY, Alberta (Reuters) -Parkland Corporation said on Thursday that its 55,000 barrel-per-day (bpd) Burnaby refinery is maintaining fuel supply to customers after floods in British Columbia shut the Trans Mountain pipeline and disrupted rail deliveries. The 300,000 bpd Trans Mountain pipeline transports crude and refined products from Alberta to Burnaby. It was shut down as … Read more
(TSX: AAV) CALGARY, AB, Nov. 18, 2021 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to announce the publication of its 2021 Sustainability Report (the “Report”) which is available on our website at www.advantageog.com. The Report outlines key sustainability metrics and achievements to year-end 2020, as well as ongoing initiatives and targets. Advantage has been focused … Read more
Vancouver, British Columbia–(Newsfile Corp. – November 18, 2021) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to provide an operations update and its financial and operating results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial and Operating Highlights During the third quarter, Hemisphere invested just … Read more
A tractor drives on a partially flooded road days after rainstorms lashed the western Canadian province of British Columbia, triggering landslides and floods, and shutting highways, in Abbotsford, British Columbia, Canada November 17, 2021. REUTERS/Jennifer Gauthier CALGARY, Alberta, Nov 17 (Reuters) – Energy infrastructure companies were scrambling on Wednesday to restore pipelines in British Columbia … Read more
November 18, 2021 Affordability, Practicality and an Aggressive Timeline Secure FuelPositive’s Place as a Green Ammonia Leader TORONTO, Nov. 18, 2021 (GLOBE NEWSWIRE) — FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (“FuelPositive” or the “Company”) is issuing the following update to share the status of the Company and its green ammonia technology. FuelPositive is a Canadian growth-stage technology company committed … Read more
November 18, 2021 NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Nov. 18, 2021 (GLOBE NEWSWIRE) — OBSIDIAN ENERGY LTD. (TSX – OBE, OTCQX – OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce it has closed its previously announced marketed public offering of subscription … Read more
Nov 18, 2021 (Bloomberg) The leaders of the U.S., Canada and Mexico will hold their first in-person meeting since President Joe Biden’s election on Thursday, with skirmishes looming over energy and trade as the nations emerge from the pandemic.Biden will host Canadian Prime Minister Justin Trudeau and Mexican President Andres Manuel Lopez Obrador at the White … Read more
Nov 17, 2021 (Bloomberg) Demand for coal will remain strong for at least two more decades even as nations take action to decarbonize, according to New Hope Corp., a major Australian exporter.“Many communities, particularly the large cities of Asia, will require coal for affordable and accessible base load energy provided by our customers to power homes … Read more
Nov 18, 2021 (Bloomberg) With the biggest member of the world’s No. 1 oil cartel readying its first-ever green bond, sustainable investors are debating what to make of it.Saudi Arabia’s plan to enter the market for green bonds marks a watershed moment. Some investors say it represents an encouraging step for the oil-addicted Gulf state to … Read more
Nov 18, 2021 (Bloomberg) Oil steadied near a six-week low as China said that it’s carrying out work on a release of crude from strategic reserves.West Texas Intermediate recouped earlier losses to trade above $78 a barrel. The move suggests that China and the U.S. — the world’s two biggest oil consumers — are willing to work together … 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 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 BUY … Read more
The benefits of development are clear, and could be even bigger By Ven Venkatachalam and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A key milestone on construction of the Hebron project offshore Newfoundland and Labrador is reached in 2017 with the start of tow-out of the project’s platform. … Read more
Nov 17, 2021 (Bloomberg) Canadian inflation climbed to the highest in two decades, adding pressure on the Bank of Canada to raise interest rates.The consumer price index rose 4.7% in October from a year earlier, compared with 4.4% in September, Statistics Canada said Wednesday in Ottawa. The October number is the highest since 2003, when it … Read more
Calgary, Alberta–(Newsfile Corp. – November 17, 2021) – Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) (“Gear” or the “Company”) is pleased to announce that the new October 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
Calgary, Alberta–(Newsfile Corp. – November 17, 2021) – LEUCROTTA EXPLORATION INC. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2021. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Drilled 4-well pad at Mica, BC expected to be completed in … Read more
Nov 17, 2021 (Bloomberg)| A twenty-minute stroll through The Hague — the pretty but low-key city that houses The Netherlands’ government — takes you from the prime minister’s office to the workplace of someone who’s arguably even more powerful: the CEO of Royal Dutch Shell Plc.But when Ben van Beurden, who’s worked at Shell since … Read more
Nov 17, 2021 (Bloomberg) A twenty-minute stroll through The Hague — the pretty but low-key city that houses The Netherlands’ government — takes you from the prime minister’s office to the workplace of someone who’s arguably even more powerful: the CEO of Royal Dutch Shell Plc. But when Ben van Beurden, who’s worked at Shell since … Read more
By Julian Lee Nov 17, 2021 (Bloomberg) The oil market is about to swing into a healthy supply surplus if the world’s big international energy forecasters are to be believed.The scale of that shift — so critical to what the price of crude does next — is heavily dependent on something that leading producer countries … Read more
Nov 17, 2021 (Bloomberg) Oil traded near $80 with the market’s gaze still centered on the chances of the U.S. and China tapping their strategic reserves.West Texas Intermediate crude declined 0.7%, paring its earlier loss. During a virtual summit this week, the U.S. asked China to release oil reserves, the South China Morning Post reported. Beijing … Read more
(Bloomberg) Traffic at Canada’s largest port has been cut off by what local officials are calling the storm of the century, the latest snag to hit the North American supply chain.Days of torrential rain have pelted British Columbia, triggering floods and landslides that have blocked the tracks of the nation’s two major railways and washed away parts of … Read more
November 17, 2021 MISSISSAUGA, Ontario, Nov. 17, 2021 (GLOBE NEWSWIRE) — Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of hydrogen electrolyzers, is pleased to report its financial results for the third quarter ended September 30, 2021. “Moving into our new assembly facility as well as announcing our … Read more
CALGARY, Alberta, Nov 16 (Reuters) – Enbridge Inc (ENB.TO) has shut a segment of one of the two pipelines that make up its Westcoast natural gas pipeline in British Columbia as a precautionary measure due to heavy flooding in the province, a company spokesman said on Tuesday. Two days of torrential rain in Canada’s westernmost province triggered … 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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here. This summer, a BC Supreme Court judgment agreed with the 2015 claim that years … Read more
EV’s latest Video of the Month showcases how the application of RestrictionVA, supported by Optis technology, helped an operator in Canada understand and overcome a restriction in their unconventional well. The operator was midway through a frac, when they experienced a hold-up at around 2,500 metres, which they suspected to be a casing collapse. With … Read more
Illegal protests ignore broad support for the project and how it will help fight climate change By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Destiney Michelle, centre, of the Skin Tyee Nation, works as an Indigenous advisor with the Coastal GasLink Pipeline. Photo courtesy Coastal … Read more
How the oil and gas industry helps fuel economic prosperity and employment in Canada’s four Maritime provinces By Ven Venkatachalam and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Deep sea oil drilling platform in Halifax harbour. Getty Images photo Download the PDF here Download the charts here Overview Canada’s oil … Read more
CALGARY — A legal battle between Canadian company Enbridge Inc and the U.S. state of Michigan over Enbridge’s Line 5 oil pipeline will be heard in federal court, a judge ruled on Tuesday, dismissing Michigan’s motion to have the case sent back to state court. Line 5 ships 540,000 barrels per day of crude and … Read more
‘Oil and gas isn’t just an Alberta product, it’s a national product’ By CEC Staff Canadian Energy Centre Executive Director of Operations Mike Simpson joined Business Insider host Mario Toneguzzi to discuss the positive impact of the oil and gas sector on Canada’s four Atlantic provinces. The Fact Sheet examines the direct and indirect impact Canada’s oil and gas sector … Read more
Nov 16, 2021 (Bloomberg) Global oil prices may rise to as high as $120 by the middle of next year as the ability of OPEC+ to meet demand is at risk from under-investments and sanctions, according to a Rosneft PJSC executive.“Today OPEC+ countries can’t increase production to the extent necessary to meet demand,” Otabek Karimov, the … Read more
Nov 16, 2021 (Bloomberg) Days of heavy rain have closed major highways and blocked railroad tracks near Vancouver, cutting off traffic to Canada’s biggest port and putting another kink in the North American supply chain. The rain caused flooding and mudslides across the Trans-Canada Highway and tracks belonging to the country’s two major railways. In some … Read more
OMAHA, Neb. (AP) — Federal regulators have proposed suspending a Trump administration rule that would have allowed railroads to haul liquefied natural gas while they take a closer look at the potential safety risks.
The rule, which…
EDMONTON, Alberta, Nov. 16, 2021 (GLOBE NEWSWIRE) — Alberta Innovates and the Clean Resource Innovation Network (CRIN) have selected 12 projects to participate in Phase II of the Carbon Fibre Grand Challenge (CFGC). Participating teams will share $5.27 million as they develop processes to scale up and improve the quality of carbon fibre manufactured from Alberta … Read more
WASHINGTON — Calgary-based Enbridge Inc. scored a key victory in the Line 5 dispute Tuesday as a judge in Michigan rejected the state attorney general’s bid to get the dispute over the cross-border pipeline kicked out of federal court.
U.S. Circuit C…
Source: Canada’s Oil Sands Innovation Alliance (COSIA) CALGARY, Alberta, Nov. 16, 2021 (GLOBE NEWSWIRE) — A new study investigating the application of geothermal energy in oil sands mining is moving the commercial potential of this renewable energy source closer to reality. Canada’s Oil Sands Innovation Alliance (COSIA) has partnered with Eavor Technologies Inc. and C-FER … Read more
We invite you to attend the CAOEC 2021 State of the Industry! Our State of the Industry is not only welcomed by our members as a capstone event for the year, but it is widely covered by mainstream media as one of the most accurate barometers of industry activity with the release of our 2021 … Read more
By Geoffrey Cann COP26 may be behind us, but the hard work is still in front of us. Digital innovations can help oil and gas companies exceed their ESG commitments. What Exactly is ESG? For clarity, E is for environmental, S is for social and G is for governance. These days ESG is short hand … Read more
It’s ironic to procrastinate on planning. Sure, things will change and any plan will have to change too, but it’s still important to have some ideas about where to go and how to get there. There will never be a better time to make a plan. Yet Alberta is putting off its financial planning. It … Read more
Calgary, Alberta–(Newsfile Corp. – November 4, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce that it has filed an amended and restated preliminary short form prospectus (the “Amended and Restated Prospectus“) in connection with its previously announced marketed offering (the “Offering“) of subscription … Read more
Nov 16, 2021 (Bloomberg) OPEC said the global oil market will switch from being under- to over-supplied as early as next month as the economic rebound from the coronavirus pandemic falters. The group’s Secretary-General Mohammad Barkindo comments come in the shadow of U.S. politicians putting pressure on President Joe Biden to bring down gasoline prices, possibly … Read more
Nov 16, 2021 (Bloomberg) Russia’s controversial Nord Stream 2 pipeline faces another delay after Germany suspended a key step in the approval process, sending European gas prices surging as much as 12%.German energy regulator halted the certification process necessary before the new link from Russia can start, it said in a statement. The suspension will allow … Read more
Nov 16, 2021 (Bloomberg) Oil rose above $81 a barrel in New York as investors waited to see whether the U.S. will release crude from emergency reserves to cool prices.West Texas Intermediate climbed 0.6%, after earlier adding as much as 1.2%. Prices have rebounded this year as the global economic recovery bolsters demand, and with gasoline … Read more
Nov 16, 2021 (Bloomberg) The tightness in global oil markets that propelled prices to a seven-year high is starting to ease as production recovers in the U.S. and elsewhere, the International Energy Agency said.Demand growth remains robust, but supply is catching up and changes in oil stockpiles seen in October suggest “the tide might be turning,” … Read more
Nov 15, 2021 (Bloomberg) Oil output in the Permian Basin is projected to hit a record as the largest U.S. shale patch leads the recovery in domestic production from its Covid-19 induced slump. Supplies from the prolific oil field of West Texas and New Mexico are set to increase to 4.95 million barrels a day … Read more
Calgary, Alberta–(Newsfile Corp. – November 15, 2021) – Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (“Saturn” or the “Company”) is pleased to report its financial and operating results for the three and nine months ended September 30, 2021. John Jeffrey, Chief Executive of Saturn, commented: “Reinstating the Company’s drilling program in the third … Read more
November 15, 2021 CALGARY, Alberta, Nov. 15, 2021 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) today announced the Company’s financial and operating results for the quarter ended September 30, 2021. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Q3 Financial and Operating Highlights … Read more
Energy sector’s unique ability to collaborate strengthens its low-carbon offerings By Brittany Elves Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Clean hydrogen storage. Photo courtesy Getty Images. Canada’s oil and gas industry is recognized as having a level of cooperation on cleantech research and development that is unprecedented globally. Today that … Read more
VICTORIA — British Columbia’s public safety minister has condemned a blockade set up along a forestry road used by construction workers for the Coastal GasLink natural gas pipeline.
Mike Farnworth says in a statement the province is calling for the d…
By David Yager A basic tool for explaining the economic impacts of the tough decisions governments make when allocating finite resources in times of crisis is “guns and butter.” Website Investopedia writes, “Guns and butter generally refers to the dynamics involved in a federal government’s allocations to defense versus social programs…(both) critically important to a … Read more
#ADNOC MD and GCEO, H.E. Dr Sultan Al Jaber, opened #ADIPEC with a speech which called for ‘progress with pragmatism’ during the energy transition. He also highlighted ADNOC’s steps towards reducing its carbon emissions intensity and called on partners to join the company in ambitious growth plans across its value chain.
A view of a road near Popkum following mudslides and flooding in British Columbia, Canada November 14, 2021, in this picture obtained from social media on November 15, 2021. Courtesy of British Columbia Transportation/via REUTERS OTTAWA, Nov 15 (Reuters) – Huge rainstorms lashed the western Canadian province of British Columbia on Monday, triggering landslides, shutting … Read more
A pipe yard servicing government-owned oil pipeline operator Trans Mountain is seen in Kamloops, British Columbia, Canada June 7, 2021. REUTERS/Jennifer Gauthier OTTAWA/CALGARY, Alberta, Nov 15 (Reuters) – Canada’s Trans Mountain oil pipeline has been shut down temporarily because of rainstorms pounding parts of the province of British Columbia, the operating company said in a … Read more
OTTAWA — Alberta Premier Jason Kenney says the federal government must consult with the provinces as Ottawa moves on plans to implement a cap on emissions from the oil and gas sector.
Kenney’s warning came during a rare appearance with Prime Minister …
Supporters of the indigenous Wet’suwet’en Nation march as part of a protest against British Columbia’s Coastal GasLink pipeline, in Toronto, Ontario, Canada February 17, 2020. REUTERS/Chris Helgren OTTAWA, Nov 15 (Reuters) – An indigenous group in the Canadian Pacific province of British Columbia says it has ordered workers to leave the site of TC Energy … Read more
Nov 15, 2021 (Bloomberg) Bank of Canada Governor Tiff Macklem said his central bank is “getting closer” to raising interest rates as slack in the economy dissipates, in line with the forward guidance officials have been providing. While substantial monetary stimulus is still needed for the economy to fully recover, Macklem said his team remains focused … Read more
ABU DHABI, United Arab Emirates (AP) — Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production — a message just days after these same nat…
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson /File Photo BEIJING, Nov 15 (Reuters) – It is business as usual for global fossil fuel companies in the near-term after the COP26 … Read more
Nov 15, 2021 (Bloomberg) Oil fell as U.S. President Joe Biden faced more calls to tap the Strategic Petroleum Reserve to tackle surging gasoline prices. West Texas Intermediate sank 1% Monday, while Brent also fell. Senate Majority Leader Charles Schumer, a fellow Democrat, urged Biden at the weekend to release oil from the nation’s emergency … Read more
Nov 15, 2021 (Bloomberg)Saudi Arabia and the United Arab Emirates signaled OPEC+ will continue raising oil output cautiously and won’t bow to U.S. pressure to pump faster.President Joe Biden, concerned that gasoline prices at a seven-year high are stoking inflation in America, has called on the 23-nation alliance to turn on the taps and bring down crude … Read more
Nov 15, 2021 (Bloomberg) Royal Dutch Shell Plc announced a major overhaul of its legal and tax structure that will see the company walk away from the Netherlands amid deteriorating relations with what’s been its home country for a century.The changes come as Shell is battling activist investor Dan Loeb, who’s demanding the company split itself … Read more
Nov 15, 2021 (Bloomberg) The Glasgow Climate Pact is a message to investors and executives that the march to net zero is accelerating.The agreement, negotiated by almost 200 nations over two weeks, isn’t the pact that some were hoping for. But it sets out a vision for a world that radically cuts back coal usage, eliminates fossil-fuel subsidies and … Read more
Do You Want… An artificial lift system that improves oil and gas well productivity An artificial lift system that favourably impacts the environment An artificial lift system that uses less power to do the same or more work than existing systems An artificial lift system that is much more robust, reliable and simple An artificial … Read more
The world is at the dawn of a massive energy transformation and LNG will play a key role in this transition. Now is the time to implement the right tools so you are prepared, but what are the best tools for your operations? Join Westech Industrial’s partner SICK Ltd for this webinar and panel discussion … Read more
A major concern at natural gas facilities is failures on natural gas pipelines, chokes, and regulators. HSI Security and HSI Group can help monitor for, and prevent, these failures. A pipeline failure is when the integrity of the line has been compromised, and we find that these types of failures are more common on high … Read more
Kingsway Instruments and Fluke are proud to share the future of Leak Detection and Partial Discharge with the Fluke ii910 Acoustic Imager. Introducing the Fluke ii910 Precision Acoustic Imager. Finally, an easy way to detect, locate, and analyze leaks and partial discharge in one tool. Building on the game changing ii900 that was introduced in … Read more
LEARN MORE In the rapidly evolving energy industry, staying on top of market trends can be complex and overwhelming. As difficult as it is to stay up to speed with so many moving pieces, having a comprehensive view of the energy market is critical to making the best business decisions. Now, there’s a way to stay … Read more
Operators in the oil and gas, chemical industries and power generation, are frequently confronted with extreme pressure differentials in their processes. Cavitation occurs when the pressure of a process medium temporarily drops below the vapour pressure and then rapidly recovers. Vapour bubbles form as the pressure drops below the vapour pressure and then collapse as … Read more
A new public opinion poll conducted by Research Co. on behalf of Canada Action has found that more than four-in-five Canadians polled (81 percent) agree that global markets should prioritize jurisdictions like Canada that are leaders in climate action and environmental protection. This may surprise some as confusing and contradictory information has made it challenging … Read more
The rise of Environmental, Social and Governance (ESG) reporting has been meteoric over the past five years. ESG is the latest evolution of an old concept that asks companies to consider how they affect people and the planet, as well as their own profitability. Energy executives, oilfield service providers, and public relations professionals all recognize … Read more
Join us for our next GLJ webinar on Nov 17th at 11 (MST). GLJ’s Trevor Rix, Manager of Digital Innovation, will introduce a time saving workflow using GLJ IntelliCasts™ to address A&D problems faster with the confidence of unbiased analytics. Spend less time pulling data and grinding through basic interpretation and have more time to … Read more
Reuters Nov 12 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row as oil prices rose to a near seven-year high, prompting some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose six to … Read more
Kaombo Norte floating oil platform is seen at night off the coast of Angola, November 8, 2018. REUTERS/Stephen Eisenhammer/File Photo DUBAI, Nov 12 (Reuters) – Several African countries plan to exploit their oil and gas reserves to tackle poverty and energy shortages, representatives gathered in Dubai said this week in the face of pressure to … Read more
Although surveying can at times be considered a small part of projects, improper scope, budgeting, and hired skillset can have a considerable impact. During this webinar, we’ll discuss the importance of how legal land survey and survey control networks relates to construction projects. This includes covering when and why a Legal Land Surveyor is required, … Read more
Nov 14, 2021 (Bloomberg) Oman said there was no need for OPEC+ to accelerate oil-production increases, signaling at least some members of the group will continue to resist U.S. pressure for more crude.OPEC+ is already raising daily supply by 400,000 barrels per month and that’s enough, Oman’s Energy Minister Mohammed Al-Rumhy said in an interview in Abu Dhabi, … Read more
After six years and many late nights haggling, a deal has finally been struck on the rules governing global trading in offsets. The details are arcane and complicated but here’s a look at what it means for the planet, companies, and countries. 1. How does it cool the planet? One of the biggest challenges in the fight … Read more
CALGARY- Alberta, Nov. 12, 2021 (GLOBE NEWSWIRE) — Alberta Indigenous Opportunities Corporation (AIOC) wants to thank Alicia Dubois for her efforts in building AIOC into the economic influencer and force that it is today. Alicia is an established advocate and leader in Indigenous finance, building bridges between Indigenous communities and industry, and advancing Indigenous independence … Read more
Canadians should reject calls to abandon oil and gas and support innovation for cleantech solutions By Gina Pappano The University of Toronto is the latest to announce it will divest from investments in fossil fuels. Photo courtesy University of Toronto The global divestment movement initiated by the activist group 350.org is celebrating its ten-year anniversary. Anniversaries are a … Read more
Leaders push back on COP26 calls to shut down oil and gas as energy poverty increases By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter NJ Ayuk is executive chairman of the African Energy Chamber. Photo courtesy AEC African leaders are rejecting calls from the COP26 climate … Read more
Canadian heavy crude’s differential to West Texas Intermediate (WTI) widened on Thursday. Western Canada Select heavy blend crude for December delivery in Hardisty, Alberta, last traded at $20.50 per barrel below the WTI benchmark, according to NE2 Canada Inc, widening from Wednesday’s settle of $20 per barrel below the benchmark. The move continued a steady … Read more
Canada’s drilling rig count is up 8 active drilling rigs according to data collected by Baker Hughes for the week ending November 12, 2021. From one week ago, Alberta rig counts increased 7 to 118 and the Saskatchewan rig counts increased 4 to 34. Oil drilling increased 6 to 101 and gas increased 2 to … Read more
OTTAWA — Canada’s environment minister says he thinks fossil fuel subsidies should be eliminated as United Nations negotiators wrestle over a final text in the closing hours of the Glasgow climate talks.
Environment Minister Steven Guilbeault says the…
Nov 11th 2021 | Electricity, Energy, Renewable Energy by Michelle Heath and Aaron Foyer Organizations like Lazard try to estimate the cost of electricity, known as the Levelized Cost of Electricity (LCOE), by source. For the last several years, the price of renewable electricity prices, including both wind and solar, have been cheaper than fossil fuels and nuclear. So, do countries with higher amounts … Read more
CALGARY, Alberta, Nov. 11, 2021 (GLOBE NEWSWIRE) — Kiwetinohk Energy Corp. (“Kiwetinohk” or the “Company“) is pleased to announce that Mike Backus has been appointed Chief Operating Officer of the Upstream Division. Mr. Backus has over 25 years of industry experience in a variety of engineering, operational, finance and executive roles, both domestically and internationally. … Read more
CALGARY, AB, Nov. 12, 2021 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to release its third quarter 2021 financial and operating results. Select financial and operational information is outlined below, and should be read in conjunction with Perpetual’s unaudited condensed interim consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the … Read more
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, Nov. 12, 2021 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its third quarter results today. … Read more
Nov 12, 2021 (Bloomberg) Oil headed for its longest run of weekly losses since March as President Joe Biden kept investors guessing about whether he’ll act to tame prices that have helped to stoke a surge in U.S. inflation, hurting consumers.West Texas Intermediate fell 1.5%, putting crude on course for a third weekly fall. Biden is … Read more
MOSCOW, Nov 12 (Reuters) – Russia’s Rosneft (ROSN.MM) the world’s second-biggest oil company by output after Saudi Aramco, warned on Friday of a potential “super cycle” in global energy markets, raising the prospect of even higher prices as demand outstrips supply. Surging oil prices, boosted by rebounding economies worldwide, lifted Rosneft’s net profit to 314 billion … Read more
LONDON, Nov 12 (Reuters) – Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel. In a sign of investors taking the initiative, six European firms collectively representing … 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 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 BUY … Read more
Common issues with sample systems can include plugging, sample collection and user unfamiliarity. With our smart sample systems data is pulled in real-time and distributed in a networked approach. We use a cellular modem to provide remote monitoring and diagnostics capabilities. User configurable HMI’s put process data at an Operators fingertips, this can make a … Read more
(Bloomberg) Canada’s Montney shale patch is driving an increase in the volume of oil and natural gas deals in the country, a trend reinforced with the latest acquisition by Canadian Natural Resources Ltd. The company said late Tuesday it agreed to buy Storm Resources Ltd. for about C$960 million ($774 million) including debt. Calgary-based Storm … Read more
Calgary, Alberta–(Newsfile Corp. – November 11, 2021) – Cuda Oil and Gas Inc. (TSXV: CUDA) (“Cuda” or the “Company“) announces that Mr. Bruce Lawrence, Mr. Jean-Yves Lavoie, and Ms. Guylaine Saucier have resigned as members of the Board of Directors effective immediately. Mr. Lawrence was appointed as a Director in 2018 and serves as a … Read more
New report sheds light on decades of successful interaction between the industry and Indigenous communities, businesses and entrepreneurs. In a new report, the Canadian Association of Petroleum Producers (CAPP) explores an important piece of the Canadian natural gas and oil industry’s environment, social and governance (ESG) performance: interactions with Indigenous peoples. Indigenous Engagement and ESG shows how Canada’s oil … Read more
CALGARY, AB, Nov. 10, 2021 /CNW/ – Storm Resources Ltd. (TSX: SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at September 30, 2021 and for the three and nine months then ended along with Management’s Discussion and Analysis (“MD&A”) for the same period. This information appears on SEDAR at www.sedar.com and on Storm’s website at www.stormresourcesltd.com. Selected financial … Read more
Summary Volvo Cars, Ford, GM aim for 100% zero-emission vehicles Volkswagen, Toyota, Stellantis not part of pledge United States, China and Germany missing from pledge GLASGOW, Nov 10 (Reuters) – (This November 10 story corrected to read Volvo Cars in bullet point, paragraphs 9 and 12) A group of countries, companies and cities committed on … Read more
Nov 11, 2021 On the waterfront of Cape Town in South Africa this week, one of the thorniest parts of the debate about climate change has been playing out in real time.Oil ministers from across the continent, in town for Africa Energy Week, encountered small protests by environmental groups asking them to leave their oil … Read more
Nov 11, 2021 Oil fluctuated as investors weighed the odds that the White House will intervene to cool prices, with President Joe Biden saying that reversing inflation is now his top priority, particularly in energy.West Texas Intermediate bounced between gains and losses, but was still down about $4 from its high for the week. The … Read more
OPEC+ is focused on ensuring a steady supply of crude to global markets and isn’t targeting a specific price, Iraqi Oil Minister Ihsan Abdul Jabbar said Thursday. The producer group aims to add all of the 400,000 barrels a day it has targeted for each month, and will review the pace of production hikes in … Read more
Nov 11, 2021 (Bloomberg) COP26 climate talks are entering the endgame, and all-night sessions are getting increasingly fraught. At stake is how quickly the world will cut emissions in the next decade — a crucial period to curb global warming — and whether a functional market for trading carbon can be created.As negotiators brace to go into extra time, running low on sleep … Read more
CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) (TSX: PPR) today announces our financial and operating results for the three and nine months ended September 30, 2021. PPR’s unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2021 and … Read more
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, Nov. 10, 2021 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the third quarter ended September 30, 2021. … Read more
November 11, 2021 CALGARY, Alberta, Nov. 11, 2021 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and nine months ended September 30, 2021. Petrus is focused on generating free cash flow to support further development of its … Read more
CALGARY, AB, Nov. 10, 2021 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial 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 the unaudited condensed interim financial statements and the related management’s discussion and … Read more
CALGARY, AB (November 10, 2021) – Today, the Petroleum Services Association of Canada (PSAC) released its 2022 Canadian Oilfield Services Activity Forecast. PSAC expects a total of 5,400 wells (rig releases) will be drilled in Canada in 2022. The Association is also lifting its 2021 forecast due to improved activity in the second half of the year. “For 2022 … Read more
CALGARY — Canadian Natural Resources Ltd. (CNRL) says it has reached a deal to acquire Calgary-based oil and gas explorer Storm Resources Ltd. for $6.28 per share, a price that pegs Storm’s enterprise value at $960 million.
The purchase price represen…
An oil tanker is docked while oil is pumped into it at the ships terminal of PDVSA’s Jose Antonio Anzoategui industrial complex in the state of Anzoategui April 15, 2015. REUTERS/Carlos Garcia Rawlins//File Photo Summary Shipping accounts for nearly 3% of CO2 emissions Industry goal not aligned with 2015 climate deal Unclear how new plan … Read more
November 10, 2021 Petroleum & Natural Gas Revenue Improves by 59% Year-Over-Year Company Strategic Review Progresses NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES Key Highlights: Natural gas production of 191 mmcf/day in the quarter Total production of 38,595 boe/day Petroleum and natural gas revenue of $77.1 million, an increase of … Read more
CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its financial and operational results for the three and nine months ended September 30, 2021, its updated 2021 guidance and its preliminary outlook for 2022. “Birchcliff delivered exceptional third quarter results, highlighted by record … Read more
November 10, 2021 CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces third quarter results for the period ended September 30, 2021. Operating and Financial Highlights Three Months Ended September 30 Nine Months Ended September 30 FINANCIAL ($000s, except as noted) 2021 2020 Change 2021 2020 Change Royalty … Read more
– Each production hub will produce up to 20 tonnes of low-to-negative carbon intensity hydrogen per day, close to Hyzon fleet deployments ROCHESTER, N.Y. and HOUSTON, Nov. 10, 2021 /PRNewswire/ — Hyzon Motors Inc. (NASDAQ: HYZN), (Hyzon) a leading supplier of hydrogen-powered fuel cell electric vehicles, and TC Energy Corporation (TSX,NYSE: TRP), (TC Energy), today announced an agreement to collaborate on development, construction, operation, … Read more
CALGARY, AB, Nov. 9, 2021 /CNW/ – Journey Energy Inc. (TSX: JOY) (“Journey” or the “Company“) announces its financial and operating results for the three and nine month periods ending September 30, 2021. The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2021 and 2020 are posted on www.sedar.com and on the Company’s website www.journeyenergy.ca. Highlights … Read more
November 10, 2021 CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its Q3 2021 financial and operational results, as well as provide an update on its operations. During Q3 2021, Pipestone delivered a third consecutive record quarter with respect to production, revenue, and … Read more
Saudi Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud is surrounded by media during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 10, 2021. REUTERS/Phil Noble GLASGOW, Nov 10 (Reuters) – Saudi Arabia’s top energy official said on Wednesday that efforts to combat climate change should not undermine global energy … Read more
Nov 10, 2021 (Bloomberg) India has declined to update its official climate goal at the United Nations climate negotiations, holding out for rich countries to first offer $1 trillion in climate finance by the end of the decade.The resistance from India stands in contrast to its surprise announcement on Nov. 1, just as COP26 negotiations got underway, that … Read more
Nov 10, 2021 (Bloomberg) Oil rose after a U.S. government report forecast oversupply next year, cooling expectations for an emergency stockpiles release.West Texas Intermediate edged up 0.3%. The White House didn’t announce an SPR release on Tuesday and said it continues to look at all the tools it has available to limit the impact of high … Read more
November 10, 2021 CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce financial and operating results for the three and nine months ended September 30, 2021, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play … Read more
November 10, 2021 CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2021. InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and … Read more
Calgary, Alberta–(Newsfile Corp. – November 10, 2021) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) reports its financial and operating results to shareholders for the three and nine months ended September 30, 2021. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended September 30 Nine months ended September 30 … Read more
Calgary, Alberta–(Newsfile Corp. – November 9, 2021) – Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) (“Canadian Natural” or the “Company”) announces it has entered into a definitive agreement with Storm Resources Ltd. (“Storm”) relating to the acquisition under a plan of arrangement of all the issued and outstanding common shares of Storm, for a … 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. To complete the applications necessary for regulatory approval of new drills (such as … Read more
The finished fabric structure warehouse installation in Northwest Ontario The North American mining industry is constantly growing, which is why Cobra Structures started off 2020 in a northern climate with two major projects for a high-end mining client. The industry connections and proven capabilities of Cobra Structures led the client to select them as the … Read more
Cleveland OH, (Nov. 2, 2021) – Lincoln Electric and Stress Engineering Services, Inc. (SES) signed a memorandum of understanding (MOU) to formalize their collaboration in large-format metal additive manufacturing (AM). Lincoln Electric and SES bring complementary strengths to the world of metal additive manufacturing, and now these two leaders are combining efforts to help promote … Read more
“In five years, the invoice won’t exist as we know it today.” This is just one example of the many thought-provoking statements presented during the 2021 SPARK Conference. Since its inception, the driving purpose of the SPARK Conference is to help energy professionals navigate present and potential future challenges through process automation, analytics and digitalization … Read more
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. Video marketing is on the rise, and for good reason; videos have been shown … Read more
Developers need stability, predictability, and consistent decision-making processes By Joseph Quesnel Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction underway on the Coastal GasLink pipeline in northern B.C. Photo courtesy Coastal GasLink A pipeline dispute in northern British Columbia is showing how unresolved Indigenous governance issues and an … Read more
WASHINGTON, Nov 9 (Reuters) – The White House said on Tuesday it is not contemplating shutting down Enbridge Inc’s (ENB.TO) Line 5 pipeline after Canada last month invoked a 1977 treaty with the United States to trigger bilateral negotiations over it. Line 5 is at the center of a long-running environmental dispute between Calgary, Alberta-based Enbridge … Read more
WASHINGTON — Planning is “well underway” for bilateral treaty talks between Canada and the United States in the dispute over the Line 5 pipeline, with formal negotiations expected to begin “shortly,” the federal government says in new court documents….
Alberta Innovates identifies net-zero options for new bitumen-based advanced materials industry November 08, 2021 EDMONTON, Alberta, Nov. 08, 2021 (GLOBE NEWSWIRE) — Bitumen from Alberta’s oil sands can be repurposed to create a new industry based on advanced materials, and can significantly reduce greenhouse gas emissions, a new paper released by Alberta Innovates has confirmed. … Read more
Alberta’s top representative to the global climate conference taking place in Scotland says the province is not alone in facing the challenges of reducing its greenhouse gas emissions.
Steve MacDonald, who heads a provincial agency that funds carbon-r…
By John Kemp (John Kemp is a Reuters market analyst. The views expressed are his own) LONDON, Nov 9 (Reuters) – The White House is reviewing its policy options to reduce the price of gasoline at the pump and expects to make an announcement in the next few days, the secretary of energy said in … Read more
Calgary, Alberta–(Newsfile Corp. – November 9, 2021) – Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (“Saturn” or the “Company”) intends to report Q3 2021 results after markets close on Monday, November 15, 2021. Subsequently, Saturn’s Executive Team will present the quarterly results and an investor update at a webcast, scheduled for: Date: Tuesday, November … Read more
CALGARY — Shell Canada and its North American solar platform Silicon Ranch have announced plans to build a 58-megawatt solar farm adjacent to Shell’s Scotford refinery and chemicals park near Edmonton.
The solar farm will be the first in Canada to be …
Looking at what matters most to so many, PM’s climate zeal difficult to understand By David Yager Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Prime Minister Justin Trudeau made some remarkable commitments on behalf of Canada at COP26. Despite representing less than 0.5 per cent of the world’s population and 1.6 per cent … Read more
CALGARY — Vermilion Energy Inc. says it plans to reinstate its dividend in the first quarter of 2022 even though its net loss more than doubled in its latest quarter despite a big increase in revenues.
The oil and gas producer says the payout, subject…
CALGARY, Alberta, Nov. 09, 2021 (GLOBE NEWSWIRE) — Imperial Helium Corp. (TSXV: IHC) (OTCQB: IMPHF) (“IHC” or the “Company”), a growth-oriented company focused on advancing commercialization of our Steveville, Alberta helium discovery, today announces that we have commenced trading on The OTCQB® Venture Market (the “OTCQB”), beginning November 9, 2021 under the symbol “IMPHF”. In … Read more
CALGARY, AB, Nov. 9, 2021 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today announces its operating and financial results for the three and nine month periods ended September 30, 2021. The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and on Bonterra’s website … Read more
CALGARY, Alberta, Nov. 09, 2021 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (PEY – TSX) is pleased to present its operating and financial results for the third quarter of the 2021 fiscal year. A 63% Operating Margin (1) and a 18% Profit Margin (2) in the quarter delivered an 8% Return on Capital and … Read more
CALGARY — The chief executive of MEG Energy said Tuesday he doesn’t expect the ongoing dispute between Canada and the U.S. over the Line 5 cross-border pipeline to hurt his company’s ability to move heavy oil to the U.S. Gulf Coast.
On a conference ca…
Nov 09, 2021 Offerings to provide significant time and cost benefits for the energy and process industriesREDWOOD CITY, Calif. & THE HAGUE, Netherlands — C3 AI (NYSE:AI) and Shell (NYSE:RDS) today announced three new Shell products that will be available through the Open AI Initiative (OAI), an open ecosystem of artificial intelligence (AI)-based solutions for … Read more
Nov 9, 2021 (Bloomberg)The U.K. won’t join an alliance of countries fixing a date to phase out fossil fuel production, in a move that calls into question the COP26 host nation’s climate leadership.The Beyond Oil and Gas Alliance is being spearheaded by the governments of Denmark and Costa Rica and is expected to announce new member countries … Read more
Nov 9, 2021 (Bloomberg) Spare capacity in the oil market will shrink significantly next year as travel rebounds and due to a lack of investment among producers, according to Saudi Aramco.Surplus capacity is the equivalent of 3 million to 4 million barrels a day and will drop as demand for jet fuel increases, Chief Executive Officer … Read more
Nov 9, 2021 Oil rose as traders waited for further signals from the White House on whether it will tap the Strategic Petroleum Reserve in response to high prices.West Texas Intermediate gained after advancing almost 4% over the past two sessions. Energy Secretary Jennifer Granholm said President Joe Biden may make an announcement to address … Read more
Pipelines run at the McKay River Suncor oil sands in-situ operations near Fort McMurray, Alberta, September 17, 2014.REUTERS/Todd Korol/File Photo Nov 8 (Reuters) – Canada’s oil sands are inching toward record production, as the country’s biggest producers squeeze more barrels out of existing assets, but they are holding back on big spending despite some of … Read more
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The United Nation’s COP26 climate conference continues in Glasgow this week, the largest climate conference since COP21 in 2015, where the Paris Agreement was signed. How have individual countries changed their emissions since Paris? The Paris Agreement was signed in 2015 with countries looking to … Read more
By Geoffrey Cann If you want to be a successful digital leader, you need to be able to sell your ideas to a reluctant oil and gas buyer. Here’s how. To Be Human Is To Sell Selling is so innately human we don’t even know when we’re selling or being sold. Have you ever been … Read more
Article 5 of 6 by Deidra Garyk This series is specific to the Canadian Oil and Gas Industry and explores how ESG will impact the industry moving forward, how the sector can embrace it, and what reporting tools are available. This is article five of six. Read Article 1 Here: – What is ESG? Read Article … Read more
Nov 8, 2021 (Bloomberg) The White House said it’s waiting on a study by the U.S. Army Corps of Engineers before deciding whether to wade into a debate over the future of a controversial oil pipeline that carries Canadian oil across the Great Lakes into Michigan.The idea that the Biden administration is considering shutting Enbridge Inc.’s … Read more
Nov 8 (Reuters) – Demand for liquefied natural gas (LNG) has never been higher, but developers in North America are headed into the final weeks of the year without having approved one new project yet. Global natural gas prices are near record highs, as utilities in Europe and Asia compete for whatever LNG cargoes they … Read more
CALGARY — MEG Energy Corp. boosted its output forecast for the year after swinging to a $54-million profit in its latest quarter on a doubling of revenues.
The Calgary-based company said it earned 17 cents per diluted share in the third quarter, compa…
Nov 8, 2021 (Bloomberg) The United Arab Emirates said oil prices would be even higher today if it wasn’t for OPEC+, signaling the group will continue resisting U.S. pressure to pump faster.“Fortunately, we have OPEC+,” UAE Energy Minister Suhail Al-Mazrouei said Monday at the Africa Oil Week conference in Dubai. The 23-nation alliance of major crude … Read more
Nov 8, 2021 (Bloomberg) Oil gave up some of its gains as sharp price hikes from Saudi Arabia were weighed against the potential for the U.S. to release some of its Strategic Petroleum Reserve.West Texas Intermediate pared some earlier gains after the Energy Secretary told MSNBC that President Biden may make an announcement to address high … Read more
Successful drilling results to date in the second half 2021 drilling program Continued debt pay down and higher funds flow from operations Acquisition of remaining Peace River Oil Partnership ownership subsequent to the quarter Calgary, Alberta–(Newsfile Corp. – November 8, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or … Read more
CALGARY, Alberta, Nov 5 (Reuters) – Canada’s economic recovery from the pandemic is being hampered by labor shortages across industries ranging from energy to aviation to agriculture, forcing companies to consider multiple salary hikes and offer other perks. Statistics Canada data on Friday showed the national unemployment rate hit a 20-month low in October. The … Read more
Located in the heart of oil and gas country, Trojan Safety Services has been providing Medical, Safety, and Fire protection services to their clientele since 1994. From Trojan’s primary base of operations in Fort St John, BC, and their branch in Grande Prairie, Alberta, Trojan’s mandate has been to provide clients with personnel that live and breathe safety while being supported … Read more
Federal and provincial regulations regarding the identification and quantification of gas emissions is becoming more focused every year. An OGI camera utilizing Artificial Intelligence to first identify and the quantify emissions leaks 24/7/365 is what Autonomous365 was designed for. This allows your company to deal with the leaks immediately or schedule your downtime to coordinate … Read more
Keep vehicle front ends and undercarriages clean without the mess. Enviro-Pads’ undercarriage wash ramps can be used in conjunction with a portable containment pad allowing for open access to vehicle undersides. Designed for non modified vehicles weighing up to 15,000lbs with different wheelbase lengths. The two piece ramp allows for easy installation and transportation. Wheel … Read more
Description Temporary diversion methods are used to reroute water from a stream or restrict flows to a designated portion of the stream channel to allow for construction activities to take place in the stream, along the banks or beneath the active channel. Temporary diversion methods are often required during the construction of detention ponds, dams, … Read more
Introducing the innovative SICK Ltd FLOWSIC600 DRU and DRU-S gas flow meters for upstream applications based on the FLOWSIC600. With a measuring range of up to 150:1, the FLOWSIC600 DRU and DRU-S also cover flow ranges that previously required several orifice plates. Specifically designed and tested for wet gas applications, robust ultrasonic sensors ensure consistently … Read more
Scovan has been awarded funding in the TIER Economic Recovery Program’s first cohort of innovative technologies to advance the HipVap technology towards commercialization. Alberta Innovates’ TIER Economic Recovery Program consists of “shovel-ready” projects that will accelerate innovation in support of GHG emissions reduction, increase long-term economic competitiveness and stimulate growth in critically important sectors of … Read more
This week, N2X Process Solutions Inc. brings you the other product groups under Flowserve Corporation – Argus, Valbart and NAF. Flowserve Argus Featured product – FK76M Trunnion Mounted Ball Valves Argus FK76M Trunnion Mounted Ball Valves are engineered to deliver long-lasting, tight shut-off performance in oil and gas, petrochemical and chemical industry applications. It features … Read more
Partnering with Viper, Osperity can now provide a reliable way of detecting fugitive emissions in industrial settings. Continuous monitoring provides immediate notification of a gas leak. Viper’s technology will work seamlessly with Osperity’s visual monitoring platform, meaning clients can rely on automated inspection reports, monitoring and exception-based alerting which will greatly assist industrial companies to … Read more
Alex Epstein of TalkingPoints.com and President of the Centre for Industrial Progress is interviewed at COP26 to discuss the benefits of fossil fuels and what is not being mentioned at COP26. As Alex states, when people talk about 1.5°C of warming as catastrophic, it’s even more absurd than it sounds because it’s not 1.5°C warming … Read more
Canada’s drilling rig count is down 6 active drilling rigs according to data collected by Baker Hughes for the week ending November 5, 2021. From one week ago, Alberta rig counts decreased 7 to 111 and the Saskatchewan rig counts increased 2 to 30. Oil drilling decreased 3 to 95 and gas decreased 3 to … Read more
Appeared in the Financial Post, November 5, 2021 A video is going around showing President Biden nodding off to sleep during the opening speeches at COP26—the United Nation’s latest big climate conference. As the speaker, perhaps having just flown in on one of the 400 private jets that filled the Glasgow skies, pleaded for “action to stop … Read more
A flurry of innovative project announcements highlight industry progress By Brittany Elves DEEP Earth Energy and Prairie Lithium area of mutual interest geothermal-lithium extraction project. Photo courtesy DEEP Earth Energy Production World leaders have gathered at the United Nations Climate Change Conference (COP26) this week to announce targets and standards to combat climate change. Meanwhile, back in Canada, the oil and … Read more
(Bloomberg) Saudi Arabia’s larger-than-expected rise in oil prices is a signal it will continue resisting U.S. pressure to pump faster, according to Vitol Group. Saudi Aramco hiked December prices for customers in Asia, the U.S. and Europe on Friday, a day after OPEC+ stuck to its plan to boost output only at a gradual pace. The … Read more
(Bloomberg) The parade of announcements this week from world leaders, finance figures and climate diplomats at the COP26 summit culminated in a weekend parade of protesters through Glasgow, Scotland. The message from the thousands carrying placards around the venue of the meeting is one most insiders would agree with: The progress is still not enough to avoid catastrophe. Demonstrators march on … Read more
U.S. Energy Secretary Jennifer Granholm attends the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 4, 2021. REUTERS/Phil Noble WASHINGTON, Nov 5 (Reuters) – U.S. Energy Secretary Jennifer Granholm on Friday suggested that the Biden administration has little power to push the country’s oil producers to boost output in an effort to lower … Read more
Millions struggling to heat their homes and pay their utility bills By Mark Milke and Ven Venkatachalam Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Employees of Sontec GmbH assemble photovoltaic modules on the roof of a residential building. in Stuttgart, Germany. Getty Images photo With the recent rise in the … Read more
CALGARY — TC Energy Corp. has committed to providing up to $3.3-billion in additional temporary bridge financing to cover cost overruns related to the Coastal GasLink pipeline project.
The Calgary-based company said Friday it is still involved in a di…
EDMONTON — The Alberta government has released its road map to reach a goal of becoming a world leader in hydrogen exports by the end of the decade.
Premier Jason Kenney says Alberta is well-positioned with its existing energy infrastructure to become…
Canada’s climate pledges risk putting the country out of step with its economic competitors, the head of the Canadian Association of Petroleum Producers said Friday.
Tim McMillan says that as Canada increases its environmental ambition at events such …
CALGARY, AB, Nov. 5, 2021 /CNW/ – The Canadian Association of Petroleum Producers (CAPP) has joined energy associations from around the world in calling for policy makers at COP26 to recognize the necessary role for natural gas and oil to meet growing global energy demand and the ambitions of the Paris Agreement. The international consortium of natural gas and … Read more
By Scott Disavino Nov 5 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row as oil prices held near seven-year highs, prompting some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose six to 550 … Read more
CALGARY, AB, Nov. 4, 2021 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its third quarter 2021 financial and operational results and announced its 2022 budget. HIGHLIGHTS Q3 2021 Results — ARC delivered record quarterly production and free funds flow(1) per share, exceeding consensus expectations(2). Average production of 353,657 boe(3)(4) per day generated funds from operations(5) of $765 million ($1.06 per … Read more
Pembina’s diversified business supported by strong prices across all commodities and poised to benefit from growing sector activity All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings … Read more
Calgary, Alberta–(Newsfile Corp. – November 4, 2021) – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) is pleased to announce the filing of its third quarter financial and operating results (the “Q3-Report“). Selected highlights are shown below and should be read in conjunction with the Q3-Report. Third Quarter 2021 Highlights The Company benefited … Read more
(Bloomberg) Energy Day at COP26 produced a couple of deals meant to phase out fossil fuels and bring in clean energy. But the agreements — crafted as part of the U.K.’s effort to “consign coal to history” — were soon looking a bit thin.The coal pact didn’t include the U.S. or China. It did include Indonesia, but that … Read more
Petrochemical storage tanks are seen at the Enbridge Edmonton Terminal, near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol/File Photo Nov 5 (Reuters) – Enbridge Inc (ENB.TO) reported a better-than-expected quarterly profit on Friday, as a rebound in demand for crude oil and products from a pandemic-hit low, boosted volumes on its pipelines. Pipeline operators have been … Read more
Nov 4, 2021 (Bloomberg) Canada’s trade surplus with the rest of the world unexpectedly widened in September as the nation benefited from higher oil prices. The country’s merchandise trade surplus increased to C$1.86 billion ($1.5 billion) from a revised C$1.51 billion in August, Statistics Canada reported Tuesday in Ottawa. That exceeds the C$1.6 billion consensus estimate … Read more
Nov 5, 2021 (Bloomberg) Oil rose as investors weighed a limited production increase from OPEC+ against the potential supply response from key consumers, including the U.S.Futures in New York traded above $79 a barrel, though prices have shed about 5% this week. After a brief meeting, OPEC and its allies agreed to boost output by 400,000 barrels a … Read more
CALGARY, Alberta, Nov. 04, 2021 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”) (TSX: BTE) reports its operating and financial results for the three and nine months ended September 30, 2021 (all amounts are in Canadian dollars unless otherwise noted). “During the third quarter, we remain focused on strong capital discipline, generating free cash flow and … Read more
Strong turnaround activity drives 12.5% increase in revenues from second quarter CALGARY, Alberta, Nov. 04, 2021 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced its results for the three and nine months ended September 30, 2021. All amounts are in Canadian dollars and expressed in thousands of dollars unless … Read more
November 04, 2021 CALGARY, Alberta, Nov. 04, 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 announce our operating and financial results for the three and nine month periods … Read more
November 04, 2021 CALGARY, Alberta, Nov. 04, 2021 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce its operating and financial results for the third quarter ended September 30, 2021 and its 2022 budget. Selected financial and operating information is shown below and should be read in conjunction … Read more
HOUSTON, Nov. 05, 2021 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it has approved its WR Project (the Project), a set of projects anticipated to constitute a total capital investment of approximately US$0.8 billion. The Project is designed to increase base system reliability and expand … Read more
Expects to sanction approximately $7 billion of new capital projects in 2021 Modified dividend growth outlook enhances ability to fund substantial new growth opportunities CALGARY, Alberta, Nov. 05, 2021 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for third quarter 2021 … Read more
CALGARY — Enbridge Inc. reported a third-quarter profit of $682 million, down from $990 million in the same quarter last year.
The pipeline operator says the profit amounted to 34 cents per share for the quarter ended Sept. 30, down from 49 cents per …
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Nov. 04, 2021 (GLOBE NEWSWIRE) — OBSIDIAN ENERGY LTD. (TSX – OBE, OTCQX – OBELF) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that it has filed an amended and restated preliminary short form prospectus (the “Amended and … Read more
CALGARY, Alberta, Nov. 04, 2021 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (“Enerflex” or “the Company” or “we” or “our”), a leading supplier of products and services to the global energy industry, today reported its financial and operating results for the three and nine months ended September 30, 2021. Summary Table of Third Quarter and First … Read more
CALGARY, AB, Nov. 4, 2021 /CNW/ – Topaz Energy Corp. (TSX:TPZ) (“Topaz” or the “Company”) is pleased to provide third quarter 2021 financial results and new guidance estimates. Selected financial and operational information is outlined below and should be read in conjunction with Topaz’s unaudited interim condensed consolidated financial statements for the three and nine months ended September 30, … Read more
From: Natural Resources Canada News release November 4, 2021 Ottawa, Ontario Natural Resources Canada Climate change represents one of the biggest threats to global security, environmental protection and … Read more
Canada’s energy sector keeps getting better. Emissions intensity from the oil sands dropped an astounding 27% in only six years. This is making a real difference for the climate and is something that all Canadians should be proud of. Unfortunately, Justin Trudeau and his cabinet seem to have an uninformed view of the Canadian oil and gas … Read more
Edmonton, Alberta–(Newsfile Corp. – November 4, 2021) – Wavefront Technology Solutions Inc. (TSXV: WEE) (OTCQB: WFTSF) (“Wavefront” or the “Company”), a technology service provider offering the oil and gas industry revolutionary technology that optimizes oil and gas recovery while minimizing the environmental impact of operations is pleased to share results of a new Middle East … Read more
CALGARY — Baytex Energy reported a third-quarter profit of $32.7 million and said it expects to generate record cash flow for the year thanks to surging commodity prices.
The Calgary-based oil and gas company says it earned 35 cents per diluted share …
CALGARY, AB, Nov. 4, 2021 /CNW/ – After seven years as the President & CEO of the Canadian Association of Petroleum Producers (CAPP), Tim McMillan has informed the CAPP Board of Governors he intends to step down from that role. Tim will work with the Board to ensure there is a thoughtful transition, expected to conclude in April 2022 at the … Read more
Canada has joined the United States, United Kingdom and 21 other countries in a historic deal to stop new direct public finance for coal, oil and gas development by the end of 2022 and shift investment to renewable energy.
“Canada can lead in the low…
Nov 4, 2021 (Bloomberg) Oil gained as investors turned their attention to a key OPEC+ meeting, with the group facing calls from consumers to pump more crude.Futures in New York rose back above $81 a barrel, with the alliance expected to stick to its planned 400,000-barrel-a-day hike for December. The U.S. is urging OPEC+ to raise output by … Read more
LONDON, Nov 4 (Reuters) – OPEC and its allies are likely to stick to plans to raise oil output by 400,000 barrels per day (bpd) at an OPEC+ meeting on Thursday, sources said, despite calls from the United States for extra supply to cool rising prices. Top OPEC producer Saudi Arabia has already dismissed calls … Read more
Nov 3, 2021 (Bloomberg) Hydro-Quebec Chief Executive Officer Sophie Brochu isn’t giving up on a transmission line to send carbon-free electricity from Canada to the U.S. Northeast, despite voters in Maine backing a move to halt the project. On Tuesday, 59% in a state referendum voted to ban construction of a Central Maine Power corridor, which … Read more
(Bloomberg) The U.K. has corralled about 20 nations including the U.S., Canada and Italy at the COP26 climate summit to pledge to stop funding foreign fossil fuel projects, though the impact of the deal is undermined by the absence of key countries. Italy, which is co-hosting the talks, told the U.K. late Wednesday that it … Read more
Calgary, Alberta–(Newsfile Corp. – November 3, 2021) – Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) (“Gear” or the “Company”) is pleased to provide the following third quarter operating results and 2022 budget guidance to shareholders. Gear’s Interim Condensed Consolidated Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the period ended September 30, 2021 … Read more
Calgary, Alberta–(Newsfile Corp. – November 4, 2021) – Commenting on the Company’s third quarter 2021 results, Tim McKay, President of Canadian Natural (TSX: CNQ) (NYSE: CNQ) stated “Our diverse product mix is a competitive advantage, as we can allocate capital to the highest return projects, without being reliant on any one commodity. Our effective and … Read more
November 03, 2021 CALGARY, Alberta, Nov. 03, 2021 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2021. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and … Read more
November 03, 2021 CALGARY, Alberta, Nov. 03, 2021 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), is a company headquartered in Calgary, Alberta that focuses on sustainable, conventional oil and gas production. All amounts herein are in United States Dollars (“USD”) unless otherwise stated. Parex is pleased to announce its 2022 budget guidance … Read more
November 03, 2021 CALGARY, Alberta, Nov. 03, 2021 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta that focuses on sustainable, conventional oil and gas production, is pleased to announce its unaudited financial and operating results for the three months ended September 30, 2021 (“Third Quarter” or “Q3”). All … 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
We are extremely excited to announce that effective Nov.1, 2021, CDN has completed an acquisition/merger with Inphase Electric and Controls. Inphase Electric and Controls (Brooks) Ltd. is a complete E&I construction, commissioning and maintenance service provider with a strong customer base and presence across southern Alberta and Saskatchewan. They are a full-service electrical contractor for large … Read more
CALGARY — Canadian Natural Resources Ltd. raised its quarterly dividend by 25 per cent as it reported a third-quarter profit of $2.2 billion.
The company says it will now pay a quarterly dividend of 58.75 cents per share.
Canadian Natural’s profit amo…
CALGARY, Alberta, Nov. 03, 2021 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2021 third quarter results. Record financial results during the quarter, including $57 million of Free Cash Flow, demonstrate the quality of Athabasca’s asset base and unique positioning in the current oil price environment. … Read more
EDMONTON — The province with Canada’s largest oil and gas industry has sent one of the country’s smallest delegations to the COP26 international climate conference where emissions from that sector are under scrutiny.
It’s a missed opportunity, said o…
Q&A with Jared Dziuba, analyst with BMO Capital Markets By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter An oil tanker departs the Trans Mountain marine export terminal in Burnaby, B.C. Photo courtesy Trans Mountain Corporation Supporters of Canada’s oil and gas industry often say that Canada leads the world in “ESG.” But … Read more
Nov 3 (Reuters) – U.S. shale producers’ decision this year to resist pumping more oil even as prices surge could be nearing an end, according to company executives. Several major oil companies, including BP Plc (BP.L), Chevron Corp (CVX.N) and Exxon Mobil Corp (XOM.N), are planning to increase output or shale spending next year, undercutting OPEC’s tight supply management … Read more
CALGARY — Tourmaline Oil Corp. reported record cash flow and net earnings of $361.1 million in the third quarter of 2021.
The Calgary-based company says it earned $1.10 per diluted share in the quarter, compared with $4.8 million or two cents per dilu…
The U.S. should say yes to more oil from Canada and no to more oil from Russia and OPEC By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter US President Joe Biden speaks during the COP26 climate summit on November 2, 2021 in Glasgow, Scotland. Getty Images … Read more
CALGARY, AB, Nov. 3, 2021 /CNW/ – “Canadian energy should stand as a model for progress on climate action this week in Glasgow“, says Canada Action, a grassroots-built coalition. “Canada should be a preferred global supplier of our energy and other resources. We’re a world leader in emission intensity reductions, water recycling, carbon capture utilization and storage, methane emission reductions, … Read more
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Courtesy of ft.com Emissions Reduction Alberta (ERA), the provincial organization that distributes funding from the Carbon “Not Tax” in Alberta, announced on Monday the latest round of funded emissions reduction projects. The ERA has invested more than $800 million in over 200 emissions-reduction technology projects since founding in 2009. … Read more
Europe’s electricity prices have soared as nations lean more heavily on renewables to replace fossil fuels By Ven Venkatachalam and Mark Milke Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Wind turbines stand in front of the Fiddlers Ferry decommissioned coal fired power station on September 27, 2021 in Runcorn, England. … Read more
Nov 3, 2021 (Bloomberg) Russia’s Nord Stream 2 may need a few more months to clear remaining red tape before the controversial pipeline begins pumping natural gas to Germany to help ease Europe’s energy crunch.The Baltic Sea project — which has raised concerns over the Kremlin’s control of energy supplies to the continent, including among Germany’s … Read more
Nov 3, 2021 (Bloomberg) The COP26 summit turned its attention to the finance industry’s contribution to the fight against climate change, with announcements overnight revealing that banks, asset managers and insurers representing more than $130 trillion have signed up to net-zero commitments.U.K. Chancellor of the Exchequer Rishi Sunak revealed plans to make Britain “the world’s first net-zero aligned … Read more
Nov 3, 2021 (Bloomberg) Oil fell as the U.S. intensified pressure on OPEC+ to boost supplies when it meets on Thursday, while concerns grew that tighter policy from the Federal Reserve will impede growth. West Texas Intermediate futures sank 2.4% after U.S. President Joe Biden blamed OPEC and its allies for inflationary pressure, while Secretary of … Read more
Company announces dividend increase, plans share buyback program CALGARY, Alberta, Nov. 03, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued its strong and reliable operating performance in the third quarter of 2021. Total upstream production of almost 805,000 barrels of oil equivalent per day (BOE/d)i drove solid financial results. The company generated … Read more
CALGARY — Cenovus Energy Inc. doubled its dividend and announced a share buyback plan for up to 10 per cent of its shares as it reported a third-quarter profit of $551 million.
The company says it will now pay a quarterly dividend of 3.5 cents per sha…
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. Note: This article is a collaboration between XI Technologies and Ryan Ferguson Young … Read more
In September, the Financial Post reported that Canada expects to see a 10,000-worker deficit in 56 trades—resulting from more than 700,000 Tradespeople retiring without enough apprentices to replace them. The consequences of this shortage could be profound: Cost increases / overruns Quality assurance issues Longer lead times Project delays and cancellations As a company specializing in … Read more
The recovery of the Western Canadian Oil and Gas industry is well underway and demand for completions products has dramatically increased over the past year. As global storage capacities are expected to hit all-time lows, the demand for energy products and services is forecasted to reach record highs in 2022. Current North American forecasts for … Read more
Why not setup in our local community? The founders of Academy Group of Companies asked this very question. Academy has some of the industry’s best trades people right here where we grew up in Alberta. Instead of bringing the people to the shop; we brought the shop to the people. It’s what continues to make … Read more
At Muddy Boots we believe that having one piece of software that handles many facets of the operation is very cost-effective. With an integrated platform for operations software, you have: One system instead of many, saving you money All your data in one place, increasing data accuracy and saving you time All staff using the … Read more
Currently, the field services industry is being overwhelmed by the amount of information flowing between stakeholders: new ESG policies, maps, reports, field data, photos, financials, and the list goes on. Spreadsheets and paper-based systems are still in use; meanwhile, outdated and hard-to-use GIS software does not offer much help. Without the proper tools, information is … Read more
By Giulio Galleri, Strategic Advisor at Pipestone Projects Since the International Energy Agency (or IEA) released their World Energy Outlook 2021, animated watercooler discussions have once again arrived. Amongst others, a couple of statements of note have grabbed the attention of the readers: while “renewable sources of energy such as wind and solar PV continued to … Read more
(Bloomberg) OPEC and its allies are expected to stick with plans for a modest increase in oil supplies this week, shunning calls from consumers to cool the price rally. The Organization of Petroleum Exporting Countries and its partners will probably ratify the scheduled December hike of 400,000 barrels a day when they meet on Nov. … Read more
(Reuters) -Canada’s Liberal government, whose goal of cutting carbon emissions is running into opposition from the country’s powerful energy industry, plans to aim for still deeper reductions, Prime Minister Justin Trudeau said on Tuesday. Trudeau has already committed Canada to reducing emissions by between 40% and 45% below 2005 levels by 2030. The country’s independent … Read more
WASHINGTON, Nov 2 (Reuters) – The head of a U.S. House panel on Tuesday subpoenaed four major oil companies and two lobbying groups for documents related to their actions on global warming as part of a year-long probe into potential climate deception by the energy industry. Representative Carolyn Maloney, a Democrat and the chairwoman of … Read more
WINNIPEG, Manitoba (Reuters) -Canada’s Pembina Pipeline Corp is asking backers of two competing proposals for carbon capture hubs in the oil-producing province of Alberta to combine efforts with its own plan, the company’s chief executive said on Tuesday. Pembina and TC Energy Corp said in June they were looking to develop a system to transport … Read more
BILLINGS, Mont. (AP) — The Biden administration is planning to sell oil and gas leases on huge tracts of public land in the U.S. West, despite the Interior Department’s conclusion that doing so could cost society billions of dollars in climate change …
With a global energy shortage currently underway in Europe and other parts of the world, the International Energy Agency (IEA) is now saying that the world is underinvesting in all forms of energy – including oil and gas. If these patterns of underinvestment into the oil and gas sector continue, the world runs risk … Read more
Strong Third Quarter Free Cash Flow to Enhance Shareholder Returns Through Fourth Quarter Share Buyback Program Third Quarter Highlights: Generated third quarter cash from operating activities of $812 million, non-GAAP cash flow of $845 million and non-GAAP free cash flow of $480 million Reduced net debt by $409 million to $4.8 billion; achieved 1.5 times net debt to adjusted EBITDA leverage ratio … Read more
Acquisition to provide additional production and reserves, full operational and funding control Increased third quarter funds flow from operations from higher commodity prices and dedicated focus on managing cost structure Calgary, Alberta–(Newsfile Corp. – November 2, 2021) – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to … Read more
CALGARY, AB, Nov. 2, 2021 /CNW/ – Enerplus Corporation (“Enerplus” or the “Company”) (TSX: ERF) (NYSE: ERF) announced today that it has closed the previously announced sale of its Sleeping Giant (Montana) and Russian Creek (North Dakota) interests in the Williston Basin for total consideration of US$115 million, before customary closing adjustments. In addition, Enerplus will receive up to US$5 million in contingent … Read more
Nov 2, 2021 (Bloomberg) As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the Covid-19 pandemic, according to BP Plc.Fossil fuel consumption is recovering despite growing urgency in the effort to curb emissions of greenhouse gases. The resurgence is … Read more
Nov 2, 2021 (Bloomberg) Oil dropped toward $83 a barrel as the market focuses on a meeting of oil producers on Thursday and rising clamor for more crude from consumer nations.West Texas Intermediate futures for December delivery dropped 0.5% on Tuesday, with two days to go until the Organization of Petroleum Exporting Countries and its allies … Read more
Nov 2, 2021 (Bloomberg) As the U.S. and European Union sought to recruit nations in a first-ever pact to slash the world’s methane emissions, America’s climate envoy John Kerry kept his sales pitch simple. Signing the pledge, being released at the COP26 climate summit Tuesday, would amount to shared recognition of the problem posed by the potent greenhouse gas — not … Read more
November 01, 2021 Achieved Average Total Production of 28,957 BOPD, Up 53% Year-Over-Year and Up 26% from Prior Quarter Generated Net Income of $35 Million Increased Funds Flow from Operations(1) to $69 Million, Up 197% from Prior Quarter Generated Free Cash Flow(1)of $34 Million, Highest Since Fourth Quarter 2012 Credit Facility Balance Paid Down to $150 … Read more
CALGARY — Calfrac Well Services Ltd. reported a loss in its latest quarter as its revenue more than doubled compared with a year ago.
The oilfield services company says it lost $1.5 million or four cents per diluted share for the quarter ended Sept. 3…
EDMONTON — Alberta politicians are warning the federal Liberal government that caps on greenhouse gas emissions from oil and gas will have to be set in consultation with the province.
Both Premier Jason Kenney and New Democrat Opposition Leader Rache…
CALGARY, AB — A new methane emissions management program is seeking Expressions of Interest for Alternative Fugitive Emissions Program (Alt-FEMP) proposals and methane leak detection and monitoring technology trials. The Alberta Methane Emissions Program (AMEP) is a three-year $17.6 million initiative to support methane emissions reductions that is funded by the Government of Alberta through … Read more
The Canadian Society of Petroleum Geologists (CSPG) and Geothermal Canada (GC) are hosting the inaugural virtual Energy and Emerging Technology in Geoscience Symposium (EETiG) on November 17-18. This biennial event has been designed to provide information covering a comprehensive array of topics that will be of interest to the broader professional and geotechnical community including … Read more
EDMONTON, AB: The Canadian Taxpayers Federation released a report that shows what current gas prices would cost Alberta drivers with a $170 per tonne carbon tax and the federal government’s planned second carbon tax. “Alberta drivers are feeling the pain at the pumps and the federal government’s carbon tax hikes will inflate the already big tax … Read more
By David Yager November 2, 2021 Political events of the past two weeks have exposed the emotional fragility of those fortunate enough to still be working in Canada’s battered oil and gas industry. What is not understood by the millions who dispense advice about what the fifth largest combined oil and gas producing nation in … Read more
All financial figures are in Canadian dollars unless otherwise noted CALGARY, AB, Nov. 1, 2021 /CNW/ – Gibson Energy Inc. announced today its financial and operating results for the three and nine months ended September 30, 2021. VIEW PDF Q3 2021 Earnings PR (CNW Group/Gibson Energy ULC) “We are pleased to report another strong quarter from both an … Read more
GLASGOW, United Kingdom, Nov. 1, 2021 /CNW/ – Since signing the historic Paris Agreement in 2015, the Government of Canada has taken significant action to address climate change. As a climate leader, Canada has put in place measures to reduce pollution to work toward meeting our Paris commitments, and achieving a net-zero economy by 2050. As the world shifts to a cleaner and … Read more
CALGARY — The chief executive of a Calgary-based energy company says a federally imposed cap on emissions from the oil and gas sector is reckless and dangerous.
At the UN climate conference in Scotland on Monday, Prime Minister Justin Trudeau formally…
Calgary, Alberta – TheNewswire – November 1, 2021 – Petro Viking Energy Inc. (“Petro Viking” or the “Company”) is pleased to report the Company’s continuing progress towards the closing of the proposed asset purchase of 100% of 611890 Alberta Inc.’s interests in 53,835 Acres, 43,935 Acres (Net), of mineral rights, associated wells, pipelines and facilities for the purchase … Read more
Calgary, Alberta–(Newsfile Corp. – November 1, 2021) – Bonavista Energy Corporation (“Bonavista” or the “Corporation”) is pleased to announce the appointment of Mr. Derek Mendham as Chief Financial Officer effective November 1, 2021, replacing Mr. Dean Kobelka who has resigned from the Corporation. Mr. Mendham brings 27 years of progressively senior finance and accounting experience … Read more
GLASGOW, Scotland (AP) — World leaders turned up the heat and resorted to end-of-the-world rhetoric on Monday in an attempt to revive sputtering international climate negotiations.
The metaphors were dramatic and mixed at the start…
By Geoffrey Cann It’s All Hallows’ Eve, that time of the year when demons come assailing your door. In oil and gas demons can visit anytime. Here’s how oil and gas can turn their digital tricksters into digital treats. Hallowe’en Past Growing up with 4 brothers and a sister in a house that looked like … Read more
Nov 1, 2021 (Bloomberg) Oil rose on speculation OPEC+ could spurn mounting pressure to boost production at a faster clip, even as consumption roars ahead of supply.Global benchmark Brent added 1%, reversing an earlier loss. Speaking after a Group of 20 summit on Sunday, U.S. President Joe Biden criticized Saudi Arabia and Russia for an inadequate … Read more
CALGARY — As world leaders descend on Glasgow this week for the start of the 2021 UN Climate Conference, Alberta — the Canadian jurisdiction with perhaps the most on the line — will be watching.
COP26, as it is known, will be the most significant glob…
Clearing the Air about this author’s views: Before getting into the technical meat of today’s topic, some in the reading audience might recall or have painted the author (ie. me) as the greenhouse gas denying, Oil & Gas loving, alternative-energy-hating crackpot that has written all sorts of negative things about hydrogen. To that I say, … Read more
The magnetic properties of mild steel are known to change markedly as it is subjected to work hardening. In general terms these effects are an increase in coercivity and a decrease in remanence and permeability; the degree of which depend on the specific type of work hardening. It is important to understand that Permeability (µ) … Read more
Calgary, November 1, 2021 – Westech Industrial Ltd, a leading supplier of analytical instrumentation and process control equipment is excited to announce a new strategic partnership with Clark-Reliance® to provide their world class level measurement and sight flow indication products to the Canadian marketplace. Westech has been appointed as Clark-Reliance’s exclusive distributor for the Canadian … Read more
This client needed to top-offload rail cars of ethanol and pump them to their above-ground storage tank, which is some distance from the rail tracks; Sky Eye’s custom top access solution helped to bridge that gap. With the mandate to blend all of their fuel with ethanol by 2022 – this SKYMOD solution helps this … Read more
In Western Canada, CHOPS (Cold Heavy Oil Production with Sand) is a common production in heavy oil, especially in locations that produce sand and have high water lift requirements. The large number of these locations, coupled with their unique monitoring needs, encouraged HSI Security to develop a surveillance system for them. With HSI security, our … Read more
The prospect of progress at the two-day summit at the Rome Convention Centre dimmed in the days before the summit when China submitted its new targets to the United Nations with barely any increase in ambition The Canadian Press Oct 31, 2021 British Prime Minister Boris Johnson and Prime Minister of Canada Justin Trudeau hold … Read more
As ETRM users move away from their legacy, Excel-based forward curves, they are choosing to collaborate with external partners to give them the flexibility, scalability and compliance options they need. But what questions should you address before you decide to collaborate with a solution provider? 1. Will you have access to the data you need? Ensure … Read more
AUTOSOL is pleased to announce the release of the Weatherford® 8500 protocol driver in AUTOSOL Communication Manager (ACM). ACM’s support of the Weatherford/Baker 8500 protocol allows customers access to critical data from Weatherford’s WellPilot family of rod-pump controllers (RPC). ACM can deliver real-time via OPC DA, OPC UA or MQTT SparkPlug B. A variety of … Read more
Corvette Capital Corp has been providing real estate leasing solutions in the Fort St. John area since the 1990’s. Commercial, industrial, warehousing and residential are included in the available square feet of building spaces. They are proud to contribute to the success of several business start-ups and expansions by negotiating amiable terms and flexible lease … Read more
Organizational support (OS) is a lynchpin in the success of project management and operational efficiency. By maximizing the efficacy of organizational support, transactional costs can be minimized, and project throughput rates increased dramatically. In a recent paper analyzing the success factors in global project management, Fossum et al. discovered compelling evidence to conclude that effective … Read more
Canada can help reduce emissions while providing reliable, responsible, affordable energy to the world By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Cenovus Energy Global leaders headed to Glasgow for this year’s key climate talks should take advantage of Canada’s ability to help … 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 29, 2021. From one week ago, Alberta rig counts decreased 1 to 118 and the Saskatchewan rig counts increased 3 to 28. Oil drilling increased 5 to 98 and gas decreased 3 to … Read more
(Bloomberg) The world’s biggest energy companies are producing the most cash in years, but don’t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter.Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the most part, … Read more
LONDON, Oct 29 (Reuters) – Leaders of Europe’s biggest oil and gas companies said political leaders attending U.N. climate talks that start this week must make carbon markets more effective and that only governments can effectively curb fossil fuel demand. Oil majors will be among the big companies conspicuous by their absence at the COP26 … Read more
OTTAWA — The Bank of Canada’s move to end its pandemic-driven purchases of government bonds to stimulate the economy, and warnings of rate hikes sooner than previously expected, has coloured federal efforts to craft an annual plan to mange the debt.By the bank’s own estimates, its program dropped rates of return on short-term government debt … Read more
Smoke rises from oil refinery stacks at Philadelphia Energy Solutions plant in Philadelphia, Pennsylvania, U.S., August 21, 2019. REUTERS/Mark Makela LONDON, Oct 31 (Reuters) – The United Nations and the European Union launched a global watchdog on Sunday to monitor governments’ pledged reductions of greenhouse gas methane that have the potential to make a rapid … Read more
Oct 29 (Reuters) – U.S. energy firms added oil and natural gas rigs for a 15th month in row in October as oil prices soared to fresh seven-year highs, prompting some drillers to return to the wellpad. For the week, the oil and gas rig count, an early indicator of future output, rose two to … Read more
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada