2 - 2022 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Russia strengthening hold on global energy markets with massive arctic oil project

March 1, 2022February 28, 2022 by EnergyNow Media

As war continues in Ukraine, billions going into new oil and gas export province By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter As it continues to wage war on Ukraine, Russia is strengthening its hold on global energy markets with one of the biggest oil and gas projects … Read more

Indigenous Consultation & Engagement Atlantic 2026

Energy Storage Canada Conference 2026 - ESCCON26

Canada to supply anti-tank weapons to Ukraine, ban Russian oil imports

February 28, 2022 by EnergyNow Media

February 28, 20222 Canada will supply anti-tank weapons and upgraded ammunition to Ukraine to support its fight against a Russian invasion, Prime Minister Justin Trudeau said on Monday, and it will ban imports of crude oil from Russia. “Canada will continue to deliver support for Ukraine’s heroic defense against the Russian military,” Trudeau told reporters … Read more

Shell to pull out of energy investments in Russia over war

February 28, 2022 by EnergyNow Media

LONDON (AP) — Global oil and gas giant Shell said Monday that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise. Shell announced its intention to exit its joint ventures with Russia’s state-owned energy giant Gazprom and related entities, including … Read more

Enterprise Group Adds 3rd Tier One Petroleum Client in February 2022

March 1, 2022February 28, 2022 by EnergyNow Media

St. Albert, Alberta–(Newsfile Corp. – February 28, 2022) – Enterprise Group, Inc. (TSX: E) (the “Company” or “Enterprise“). Enterprise Group, Inc., consolidates energy services (including specialized equipment rental to the energy/resource sector), emphasizing technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for small to Tier One resource clients. The Company announces that it has … Read more

Oil Soars as More Sanctions on Russia Spur Energy Crisis Fears

February 28, 2022 by EnergyNow Media

Feb 28, 2022 (Bloomberg) Oil surged as energy and commodity markets were thrown into disarray after Western nations unleashed more sanctions to isolate Russia following its invasion of Ukraine.Brent futures jumped as much as 7.3% on concern that oil supply — already stretched amid rebounding demand — may tighten further should Russian flows be disrupted. Some customers have … Read more

The World Should Get Natural Gas and Oil from Canada: Here’s Why

February 28, 2022February 28, 2022 by EnergyNow Media

More energy coming from Canada means a cleaner environment and a safer world By Tim McMillan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Russian invasion of Ukraine has exposed real and dangerous risks to global peace and security, not only from geopolitical ambitions but also due to … Read more

Those Selling Russian Assets Face Few Options, Steep Losses

February 28, 2022 by EnergyNow Media

Investors seeking to offload holdings in Russian assets will find that the actual unwinding will be a complex and potentially expensive endeavor. A growing number of institutions are rethinking their portfolios in the wake of Russia’s invasion of Ukraine. Norway said it’s removing Russian assets from its $1.3 trillion wealth fund, while U.K. oil giant BP Plc … Read more

Razor Energy Corp. Announces 2021 Year-End Reserves and Operational Outlook

February 28, 2022 by EnergyNow Media

CALGARY, Alberta, Feb. 28, 2022 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to provide a summary of its 2021 year-end reserves evaluation and an updated operational outlook. The highlights and reserves summary below set forth Razor’s gross reserves at December 31, 2021, as evaluated by Sproule Associates Limited … Read more

Meet Alberta’s Continuous Emissions Monitoring Requirements

February 28, 2022 by EnergyNow Media

Alberta will soon be introducing tougher industry benchmarks, which set greenhouse gas emissions reduction requirements per unit of production for oil sands mines. According to a recent story by CTV News Edmonton, set emissions reduction requirements will be by per unit of production and changes could take effect as early as this February 2022. Westech … Read more

How SEAC Solves Your Problems Related to Inspections and Approvals – Learn More Here

February 28, 2022 by EnergyNow Media

As inspection body and engineering company, SEAC is helping its clients meet the regulatory inspection and approval requirements for their equipment. We always ensure fast execution of projects with high quality deliverables including inspection report, inspection label, and rating plate. We are typically able to schedule the inspections on a very short notice and to … Read more

Heavy oil producers, improve your ESG score AND profitability with this unused Containerized Slop Oil Centrifuge

February 28, 2022 by EnergyNow Media

Fuelled Consignment (“Fuelled”) is pleased to announce the listing of an Unused Alfa Laval Containerized Slop Oil Centrifuge with the option to buy outright or finance through single asset securitization. This unit can treat an estimated 1,000bbl/day depending on the feedstock. View the Fuelled Certified listing, photos, and walkthrough video here: Fuelled Certified – UNUSED … Read more

HACKER ALERT! A Crash Course in Cybersecurity – 5 Types of Cyber Scams You Need to Know

February 28, 2022 by EnergyNow Media

“Cybersecurity: technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage, or unauthorized access.” Today’s employees are connected to the Internet all day every day, communicating with colleagues and stakeholders, sharing critical information, and jumping from site to site. With hackings, data breaches and ransomware attacks on the rise, it … Read more

BP Quits Russia in Up to $25 billion Hit after Ukraine Invasion

February 28, 2022February 28, 2022 by EnergyNow Media

CEO Looney, Bob Dudley to step down from Rosneft board BP to write down up to $25 bln following exit BP says decision follows Moscow’s invasion of Ukraine LONDON, Feb 27 (Reuters) – BP is abandoning its 19.75% stake in Russian oil giant Rosneft (ROSN.MM) after Russia’s invasion of Ukraine, it said on Sunday, in an abrupt … Read more

Goldman Says Demand Destruction Only Thing That Can Restrain Oil

February 28, 2022February 28, 2022 by EnergyNow Media

Feb 27, 2022 (Bloomberg) Demand destruction is the only thing that can stop oil shooting higher after the U.S. and European allies unleashed additional curbs on Russia following its invasion of Ukraine, according to Goldman Sachs Group Inc.The bank raised its one-month forecast for Brent crude to $115 a barrel, from $95, with significant upside risks on … Read more

U.S. drillers add oil and gas rigs for a record 19th month – Baker Hughes

February 28, 2022February 28, 2022 by EnergyNow Media

Feb 25 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for an eighth week in a row, with the rig count rising for a record 19th month in a row, as crude prices soared beyond $100 a barrel for the first time since 2014. The oil and gas rig count, … Read more

David Yager: Will Ukraine’s Crisis Finally Force Canada to Rethink its Energy Policies?

February 28, 2022February 28, 2022 by EnergyNow Media

The West has virtue-signaled away its energy security By David Yager Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Ukraine’s shooting war has been coming for weeks. Russia politely delayed its attack until the end of China’s winter Olympics to maintain at least one big friend after the missiles … Read more

Canada Weekly Rig Count Up 4 for Week Ending February 25, 2022

February 28, 2022February 28, 2022 by EnergyNow Media

Canada’s drilling rig count is up 4 active drilling rigs according to data collected by Baker Hughes for the week ending February 25, 2022. From one week ago, Alberta rig counts increased 4 to 171 and the Saskatchewan rig counts decreased 1 to 32. Oil drilling increased 3 to 138 and gas stayed at 85.

Oil could jump back above $100 as traders assess Russia SWIFT ban

February 28, 2022February 27, 2022 by EnergyNow Media

LONDON, Feb 27 (Reuters) – A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above $100 a barrel as risks with trading Russian oil spike, analysts say. SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a secure messaging … Read more

U.K. Wants G-7 to Set Russia Energy Limits for Europe

February 27, 2022 by EnergyNow Media

Feb 27, 2022 (Bloomberg) The U.K. would support Group of Seven nations setting limits on the amount of Russian oil and gas its members could import “over time,” said Foreign Secretary Liz Truss, in a potential escalation of the impact of the war in Ukraine on energy markets.Russia’s military “is funded by revenues from oil and … Read more

Charted: North American Energy Consumption: How the U.S. and Canada Compare

February 25, 2022 by EnergyNow Media

Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE by Michelle Heath and Aaron Foyer

Beyond Oil and Gas: Who’ll Lose From Russia-Ukraine Trade Fallout

February 25, 2022 by EnergyNow Media

Feb 25, 2022 (Bloomberg) Russia’s invasion of Ukraine has sparked Europe’s largest land war since 1945, raising the prospect of an exodus of refugees and posing a serious threat to global trade flows. While the focus is on Russia’s energy exports, there are plenty of other potential chokepoints, ranging from food staples and strategic metals to luxury items.In all, more than … Read more

Gear Energy Ltd. Announces January Monthly Update to Shareholders

February 25, 2022 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – February 25, 2022) – Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) (“Gear” or the “Company”) is pleased to announce that the new January 2022 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

Advantage Announces Record 2021 Year-End Results, Reserves, Operational Update

February 25, 2022 by EnergyNow Media

CALGARY, AB, Feb. 24, 2022 /CNW/ – Advantage Energy Ltd. (“Advantage” or the “Corporation”) is pleased to report 2021 year-end results, reserves and an operational update. Advantage achieved record results during 2021, while capital spending remained modest. Advantage’s long history of disciplined capital deployment continued, with every well drilled since the second half of 2020 achieving payout … Read more

Baytex celebrates ‘remarkable turnaround’; announces share buyback program

February 25, 2022February 25, 2022 by The Canadian Press

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CALGARY — Baytex Energy Corp.’s share price soared Friday on news the company has almost reached its net debt target and will institute a share buyback program in the second quarter of this year.
The company’s stock closed up 14.2 per cent to $5.71. T…

Government & Politicians Shielded from the Pain They Cause

February 25, 2022February 25, 2022 by EnergyNow Media

Politicians and government decision makers are financially divorced from the Canadians they’re supposed to represent. And it shows. From higher taxes to revolving lockdowns, government decisions during the pandemic have been full of pain. But that pain hasn’t been felt by those pulling the levers. Quite the opposite. While millions of their constituents struggled, members … Read more

Even With Putin’s Invasion, Russia’s Gas Keeps Flowing to Europe

February 25, 2022February 25, 2022 by The Canadian Press

FRANKFURT, Germany (AP) — Even as gunfire sounded in Ukraine’s capital, natural gas kept flowing normally Friday through the major pipelines from Russia to Europe. But the invasion and accompanying sanctions are casting a shadow over longstanding ener…

A Matter of Fact: Canada is the solution for energy to keep the world running

February 25, 2022 by EnergyNow Media

cec canada lng terminal 1200x810 feb 25 2022

Canada can help avoid situations where oil and gas is used as a political weapon By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Russia is invading Ukraine, empowered in part by the world’s reliance on the state for energy supply. More than a decade of Canada … Read more

Why Canada still needs the Trans Mountain Expansion

February 25, 2022 by EnergyNow Media

cec trans mountain valemount feb 25 2022 1200x810

‘Exceptional’ growth in global oil demand continues to support business case By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The case for the Trans Mountain Pipeline Expansion remains strong as the world enters another year of “exceptional” growth in oil demand, according to industry analysts. Following … Read more

Commentary: Ukraine crisis will disrupt crude, coal and LNG flows even without sanctions

February 25, 2022 by EnergyNow Media

LAUNCESTON, Australia, Feb 25 (Reuters) – Russia’s invasion of Ukraine will disrupt the global movement of energy commodities, even if Western powers don’t impose sanctions on exports from Russia. So far none of the retaliatory measures against Moscow have been targeted at exports of crude oil, coal or natural gas, the latter either by pipeline … Read more

OPEC+ deal seen on track despite Russia’s Ukraine invasion

February 25, 2022 by EnergyNow Media

MOSCOW/LONDON, Feb 25 (Reuters) – A deal among OPEC+ oil producers including Russia is showing no cracks so far after Russia’s invasion of Ukraine, OPEC+ sources said, and the group is likely to stick to a planned output rise at a meeting next week despite crude topping $100 a barrel. The Organization of the Petroleum … Read more

Schachter’s Eye on Energy: War Premium Increases With Russian Invasion Of Ukraine. How High Prices Could Go In The Short Term Depends Upon If Russia Faces Other Sanctions Later.

February 25, 2022February 25, 2022 by EnergyNow Media

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 Case for the EU Cutting Off Its Russian Gas Supply Now

February 25, 2022 by EnergyNow Media

Feb 25, 2022 (Bloomberg) The long buildup to yesterday’s Russian invasion of Ukraine has prompted lots of hand-wringing about Europe’s energy security and what would happen if Russia were to suddenly turn off gas exports going to Europe. But what if, instead, Europe went cold turkey on Russian gas?The European Union is poised to announce a strategy of weaning … Read more

Oil Pulls Back From $100 as Russia’s Offensive Sows Volatility

February 25, 2022 by EnergyNow Media

Feb 25, 2022 (Bloomberg) Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment.Brent futures rallied above $105 a barrel on Thursday as Russia launched an attack on its neighbor, though prices subsequently retreated as it … Read more

European Natural Gas Flows From Russia Ramp Up as U.S. Sanctions Skip Energy

February 25, 2022 by EnergyNow Media

Feb 25, 2022 (Bloomberg)European natural gas prices halted a record-breaking rally as Russian flows to the continent ramped up and U.S. sanctions targeting Moscow omitted the energy sector.Benchmark futures fell as much as 28%, after four consecutive days of gains. On Thursday, prices jumped 51%, the most since at least 2005, amid uncertainty over how … Read more

Surging Oil Prices Won’t Be a Growth Driver for Canada This Time

February 25, 2022 by EnergyNow Media

Feb 24, 2022 (Bloomberg) —Surging energy prices are typically a boon for Canada. But not this time. On Thursday, oil soared above $100 a barrel for the first time since 2014 as Russia began a full-scale invasion of Ukraine, triggering fears of a disruption to energy exports amid already tight supplies. Yet, what would haven been unambiguously positive for … Read more

Trans Mountain Says Shippers Are Mostly Shielded From Cost Rise

February 25, 2022 by EnergyNow Media

Feb 24, 2022 (Bloomberg) Trans Mountain Corp. will mostly shield its shippers from the 70% increase in costs to build a new oil pipeline to the Pacific, helping to keep the key project a viable oil conduit for reaching Asian markets viable. Just 20% to 25% of the cost increases will be passed on through higher … Read more

Canadians can expect higher gas prices from Ukraine war to kick in on Saturday

February 25, 2022February 25, 2022 by The Canadian Press

TORONTO — Canadians can expect to pay more at the pump as Russia’s attack on Ukraine puts even greater pressure on an already surging oil price environment.
Russia’s attack on Ukraine is putting even greater pressure on an already surging oil price en…

The Big Turnaround – Alberta Forecasts 2022/23 Budget Surplus as Oil Prices Soar

February 25, 2022February 25, 2022 by EnergyNow Media

Alberta is expecting its first budget surplus since 2014/15, Finance Minister Travis Toews said on Thursday, as soaring global energy prices and increased oil output boost provincial resource revenue. Alberta expects a surplus of C$500 million ($391 million) in the fiscal year beginning April 1, compared with C$3.2 billion deficit expected in the current financial … Read more

Major buyers of Russian oil struggle with bank guarantees

February 25, 2022 by EnergyNow Media

February 24, 2022 The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil struggling to secure guarantees at Western banks or find ships to take crude from one of the world’s largest producers. At least three major buyers of Russian oil have been unable to … Read more

Baytex earns $563 million in fourth quarter, announces share buyback program

February 25, 2022February 25, 2022 by The Canadian Press

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CALGARY — Baytex Energy Corp. says it earned $563 million and continued to pay down debt in the fourth quarter of 2021 against the backdrop of surging oil and gas prices.
The Calgary-based company says its earnings increased to $1 per share, up from $…

Ovintiv Reports Fourth Quarter and Year-end 2021 Financial and Operating Results

February 24, 2022 by EnergyNow Media

Company Increases Quarterly Dividend by 43%; Underpinned by Leading 2022 Capital Efficiency Highlights: Generated full year net earnings of $1.4 billion, cash from operating activities of $3.1 billion, Non-GAAP Cash Flow of $3.2 billion and Non-GAAP Free Cash Flow of $1.7 billion Reduced Net Debt by approximately $2.3 billion; expect to reach $3 billion Net Debt target in the second half of 2022 … Read more

Pembina Pipeline Corporation Reports Results for the Fourth Quarter and Full Year 2021

February 24, 2022 by EnergyNow Media

Record results exceed annual guidance reflecting strong marketing contribution due to higher commodity prices All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles (“GAAP”), including net revenue; adjusted earnings before … Read more

Enerplus Announces Fourth Quarter and Full Year 2021 Financial and Operating Results; 2022 Guidance; Increases Share Repurchases; Updates Five-Year Outlook

February 24, 2022 by EnergyNow Media

All financial information contained within this news release has been prepared in accordance with U.S. GAAP. This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review the “Forward-Looking Information and Statements” at the conclusion of this news release. Readers are also referred to “Notice Regarding … Read more

Baytex Announces Fourth Quarter and Year-End 2021 Results, Reserves and Return of Capital Framework

February 24, 2022 by EnergyNow Media

February 24, 2022 CALGARY, Alberta, Feb. 24, 2022 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”)(TSX: BTE) reports its operating and financial results for the three months and year ended December 31, 2021 (all amounts are in Canadian dollars unless otherwise noted). “In 2021, we made a commitment to maintain capital discipline, maximize free cash flow … Read more

Cardinal Energy Ltd. Announces 2021 Year-End Reserves

February 24, 2022 by EnergyNow Media

February 24, 2022 CALGARY, Alberta, Feb. 24, 2022 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to present the results of its independent reserve report effective December 31, 2021. One hundred percent of Cardinal’s year-end 2021 reserves were evaluated by independent reserves evaluator GLJ Ltd. (“GLJ”) with an effective … Read more

How a German state helped Moscow push a pipeline, weakening Ukraine

February 24, 2022 by EnergyNow Media

Summary US saw Nord Stream 2 as tool for Russian aggression in Ukraine Mecklenburg-Vorpommern created foundation to complete pipeline Gazprom gave 20 million euros; foundation “fulfilled mandate” State auditor fears state lost control of foundation’s assets Challenges mount for Gazprom lobbyist Schroeder SCHWERIN, Germany, Feb 24 (Reuters) – In the north German state of Mecklenburg-Vorpommern, … Read more

Oil’s journey from worthless in the pandemic to $100 a barrel

February 24, 2022 by EnergyNow Media

Feb 24 (Reuters) – In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak – all but condemning his company’s core business to eventual obscurity. “Demand will take a long time to recover if … Read more

China Says No Immediate Plans to Intervene as Oil Prices Soar

February 24, 2022 by EnergyNow Media

Feb 24, 2022 (Bloomberg) China has no immediate plans to intervene in oil markets as prices soared to highest level since 2014, a spokesperson for the country’s foreign ministry said on Thursday.When asked if China would be willing to release oil from its strategic reserves should the U.S. seek more coordinated sales to quell prices, … Read more

Heads Up Canada: U.S. Presents ‘Buy American’ Plan to Ease Supply Chain Squeeze

February 24, 2022February 24, 2022 by EnergyNow Media

Feb 24, 2022 (Bloomberg) The Biden administration announced several new actions Thursday intended to ease supply-chain disruptions that have plagued the economy during the coronavirus pandemic.The moves by the White House and several cabinet departments would aid domestic manufacturers in order to reduce the U.S. reliance on foreign imports in the coming years, though senior administration … Read more

Heavy Fighting Reported at Airport Near Kyiv: Ukraine Update – Oil & Gold Soar

February 24, 2022 by EnergyNow Media

Feb 24, 2022 Russian military vehicles breached the Kyiv region from Belarus to the north, Ukrainian officials said, after tanks reportedly rolled earlier into Ukraine from Crimea. A senior Russian lawmaker said Russia aims to ensure a pro-Moscow government in Kyiv, pushing out U.S. influence. President Vladimir Putin has summoned tycoons to the Kremlin. The … Read more

Full Scale Invasion: Brent Oil Rises Above $105 After Russia Attacks Ukraine – WTI Jumps to Near $100

February 24, 2022 by EnergyNow Media

Summary Russia launches full-scale invasion of Ukraine U.S. and EU promise toughest sanctions on Russia Brent and WTI hit highest since 2014 Analysts warn of inflationary pressures LONDON, Feb 24 (Reuters) – Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine … Read more

North America’s old pipelines seek new life moving carbon

February 24, 2022 by EnergyNow Media

North American oil and gas pipeline companies are gearing up to compete for a budding market moving greenhouse gases to carbon capture and storage (CCS) projects – by building new pipelines to transport carbon dioxide or giving new life to old, under-used ones. Utilities, chemical makers and oil refiners are counting on CCS to allow … Read more

Enerflex Announces Fourth Quarter 2021 Financial Results and Quarterly Dividend

February 24, 2022 by EnergyNow Media

CALGARY, Alberta, Feb. 23, 2022 (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 twelve months ended December 31, 2021. Summary Table of Fourth Quarter and Twelve … Read more

Questerre files memorandum with parliamentary committee for Bill 2

February 24, 2022 by EnergyNow Media

February 24, 2022 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, Feb. 24, 2022 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has filed its submission with the parliamentary committee … Read more

Obsidian Energy Announces Fourth Quarter and Full Year 2021 Results

February 24, 2022 by EnergyNow Media

Funds flow from operations increased by $100 million to $218 million in 2021 Net debt reduced by 12 percent to $413.5 million in 2021 Recent four well Peace River program achieved peak oil production of over 2,700 boe/d Calgary, Alberta–(Newsfile Corp. – February 24, 2022) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, … Read more

Alberta aiming for budget rebound on soaring oil and natural gas prices

February 24, 2022February 24, 2022 by The Canadian Press

EDMONTON — It’s budget day in Alberta, and Premier Jason Kenney says there will be a massive infusion of money for the health-care system.
Kenney says the COVID-19 pandemic has exposed a system that has too few hospital beds, labs and intensive care s…

Pembina announces appointment of Scott Burrows as President and Chief Executive Officer strengthens executive leadership team with additional promotion and appointment

February 23, 2022 by EnergyNow Media

CALGARY, AB – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) today announced that it has appointed Scott Burrows as the Company’s President and Chief Executive Officer. This appointment concludes the previously announced executive search process undertaken by the Pembina Board of Directors. Mr. Burrows previously served as the Company’s Chief Financial Officer … Read more

Whitecap Resources, Wolf Midstream, and First Nations partners submit proposal to transform the future of carbon reduction

February 23, 2022 by EnergyNow Media

February 23, 2022 CALGARY, AB – Wolf Midstream (Wolf), Whitecap Resources (Whitecap), the First Nation Capital Investment Partnership (FNCIP) and Heart Lake First Nation (Indigenous Owners) have jointly proposed a saline aquifer sequestration hub in the Fort Saskatchewan area to transform the future of carbon reduction through the development of world-scale CO2 infrastructure. The sequestration hub will serve … Read more

ADD YOUR NAME – Letter to CBC Calls for Balanced Coverage of Coastal GasLink Dispute

February 23, 2022 by EnergyNow Media

Use your voice to call for a fair and accurate portrayal of both support and opposition By Tom Olsen With national division and polarity in Canada increasing, now more than ever our country’s national broadcaster needs to take a fair and balanced approach to current events. Here’s your chance to help the CBC do its job. … Read more

Energy sector methane emissions 70% higher than official figures – IEA

February 23, 2022 by EnergyNow Media

LONDON, Feb 23 (Reuters) – Emissions of the potent greenhouse gas methane coming from the global energy sector are 70% higher than officially reported, the International Energy Agency (IEA) said on Wednesday, with the coal sector identified as the biggest single source. In its 2022 Global Methane Tracker report, the Paris-based watchdog said the world … Read more

Contentious Nord Stream 2 Gas Pipeline Is Dead for Now

February 23, 2022 by EnergyNow Media

Nord Stream 2 - Committed, Reliable, Safe

Feb 23, 2022 (Bloomberg) Russia’s controversial Nord Stream 2 gas pipeline is all but dead. At least for now.German Chancellor Olaf Scholz effectively froze the $11-billion link’s approval process by having the Economic Ministry withdraw its assessment that the project doesn’t pose a threat to security of supply. Without that, the operator of the pipeline connecting … Read more

Oil Eases Back as Traders Weigh U.S. Sanctions, Iran Talks

February 23, 2022 by EnergyNow Media

Feb 23, 2022 (Bloomberg) Oil edged lower, with the market remaining dominated by U.S. sanctions on Russia and the looming potential for a conclusion to nuclear talks with Iran, that could add supply to the market.Brent crude slipped near $96 a barrel after a jump on Tuesday to just 50 cents shy of $100 a barrel. … Read more

XI Technologies: February 2022 Alberta Expiring Land Report

February 23, 2022 by EnergyNow Media

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. XI Technologies looks at expiring land because it can provide useful business … Read more

PetroChem Canada 2022 Keynote Speakers Announced

February 23, 2022 by EnergyNow Media

The organizers of PetroChem Canada, together with our title sponsor Imperial Oil and host partner Sarnia-Lambton Economic Partnership are pleased to announce two keynote presentations taking place during this year’s in-person conference in Sarnia, Ontario. Apala Mukherjee President, BASF Canada and Kimberly Haas, Vice President, Imperial Chemical and Sarnia Chemical Plant Manager will each take to the stage to discuss Canada’s petrochemical … Read more

Breaking The Cycle: How to Digitally Decrease DSO with RigER

February 23, 2022February 23, 2022 by EnergyNow Media

By Nikolai Korniyuk VP, Business Development RigER Inc. LinkedIn Profile Following several years of liquidity worries, the imperative to decrease Days Sales Outstanding (DSO) for oilfield service (OFS) operators is more crucial than ever. A company’s DSO is a key element in its cash conversion cycle. Given the vital importance of cash flow in running … Read more

Operational Excellence in Energy, Chemicals & Resources

February 23, 2022 by EnergyNow Media

operational excellence energy chemicals resources featured image

May 30 – June 1, 2022 BMO Center, Calgary, AB On May 30 – June 1, 2022, 200 operations leaders are coming together in Calgary, AB at Operational Excellence in Energy, Chemicals & Resources! But what does Operational Excellence mean in today’s business climate? The global pandemic and economic crisis has put an even stronger … Read more

Cleaner Canadian Natural Gas: Overall Emissions Intensity Down by Nearly 22% Since 2011

February 23, 2022February 23, 2022 by EnergyNow Media

Canadian natural gas producers slashed emissions intensity despite increased production over the last decade By 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 Introduction As one of the world’s largest producers of natural gas, Canada has the potential to capitalize on … Read more

Minister Wilkinson marks progress in reducing methane emissions in Saskatchewan

February 23, 2022February 23, 2022 by EnergyNow Media

February 22, 2022 CNW OTTAWA, ON – Methane is responsible for approximately 30 percent of the global rise in temperatures to date and accounts for approximately 13 percent of Canada’s total greenhouse gas emissions. Cutting emissions from methane is one of the fastest and lowest-cost ways to fight climate change and is one of the top recommendations made by … Read more

Airlines, industry join together to spur sustainable jet fuel growth in Canada

February 23, 2022February 23, 2022 by The Canadian Press

CALGARY — A new organization aims to spur Canadian development of sustainable aviation fuel, a technology advocates say is the airline industry’s best shot at reducing its greenhouse gas emissions.
The Canadian Council for Sustainable Aviation Fuels (…

Gran Tierra Energy Inc. Announces 2021 Fourth Quarter & Year-End Results & Operational Update

February 22, 2022 by EnergyNow Media

February 22, 2022 Achieved 2021 Production of 26,507 BOPD, Up 17% from 2020 Total Current Average Production1 of Approximately 30,000 BOPD Generated 2021 Net Income of $42 Million, Highest Since 2018 2021 Adjusted EBITDA2 Increased 150% Year-Over-Year to $242 Million 2021 Funds Flow from Operations2 Increased 312% Year-Over-Year to $186 Million Generated 2021 Free Cash Flow2 of $37 Million, Highest Since 2012 … Read more

Prairie Provident Announces 2022 Capital Budget & Guidance

February 22, 2022 by EnergyNow Media

February 22, 2022 CALGARY, Alberta, Feb. 22, 2022 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce its 2022 capital budget, corporate guidance and a Michichi operational update. MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer, commented: “The 2022 development plan builds on 2021’s successful … Read more

Gibson Energy Announces 2021 fourth quarter and year-end results and announces a 6% dividend increase

February 22, 2022 by EnergyNow Media

February 22, 2022 CALGARY, AB – Gibson Energy Inc. announced today its financial and operating results for the three and twelve months ended December 31, 2021. “We are pleased to report another strong year in 2021, highlighted by Adjusted EBITDA from our Infrastructure segment increasing 17% both relative to the prior year and as a compound annual … Read more

Report Launch: Top 100 Innovators in Energy Transition! Get your copy today

February 22, 2022 by EnergyNow Media

Unlocking clean technology is the key to the global energy transition, and the energy sector has no shortage of innovators: the pace and scale of developing energy technology is impressive. To reflect on the state of innovation across the energy industry today, Reuters Events have prepared their first Top 100 Innovators Report. Download your copy of … Read more

Pipestone Energy Corp. Announces Strong Year-Over-Year Reserves Growth and Record Quarterly Production

February 22, 2022 by EnergyNow Media

CALGARY, Alberta, Feb. 22, 2022 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to provide an update on its operations with record quarterly production achieved; and to report its year-end 2021 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”) with an effective date of December 31, 2021 (the … Read more

Supreme Court Won’t Take Dakota Access Pipeline Case

February 22, 2022February 22, 2022 by The Canadian Press

BISMARCK, N.D. (AP) — The U.S. Supreme Court on Tuesday refused to consider an appeal of a lawsuit over the Dakota Access Pipeline, meaning that an ongoing environmental review of the pipeline will continue.
Dakota Access, which is contr…

“TERRIFYING” – Coastal GasLink Worker Recounts ‘Terror’ of Axe-Attack

February 22, 2022February 22, 2022 by EnergyNow Media

Posted by Coastal GasLink Coastal GasLink workers terrorized during a night-shift at a remote construction site in northern B.C. are still coming to terms with being attacked by a group of masked, axe-wielding assailants. We understand the media and public would like to hear directly from them, however, due to concerns for their safety and … Read more

Germany’s Scholz halts Nord Stream 2 as Ukraine crisis deepens

February 22, 2022February 22, 2022 by EnergyNow Media

Feb 22, 2022 (Bloomberg) The western response to Russia’s latest escalation over Ukraine became clearer as Germany halted the certification process for the Nord Stream 2 pipeline following President Vladimir Putin’s decision to send troops to two self-proclaimed separatist republics. German Chancellor Olaf Scholz, who held a call with Putin late on Monday, said that the Russian … Read more

Oil hits highest since 2014 on Russia-Ukraine escalation

February 22, 2022February 22, 2022 by EnergyNow Media

Summary Brent closes in on $100 a barrel U.S., European allies poised to announce new Russia sanctions Nigerian minister says no need to increase oil production now LONDON, Feb 22 (Reuters) – Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions … Read more

How Ukraine Crisis Threatens Even Higher Oil, Gas and Food Costs

February 22, 2022 by EnergyNow Media

Feb 22, 2022 (Bloomberg) Tensions over Ukraine are ratcheting up, with the prospect of sanctions on Russia threatening to further raise prices of commodities key to the global economyAfter continued warnings from the U.S. and its allies that Vladimir Putin could be planning to invade Ukraine — something he has repeatedly denied — the Russian president … Read more

Questerre reports on proposed ban in Quebec

February 22, 2022 by EnergyNow Media

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, Feb. 22, 2022 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) issued a report to shareholders following the introduction by the Government of Quebec of Bill … Read more

WEBINAR: How the Economics of Carbon Management Impact Our Energy Future – Carbon Capture Utilization and Storage (CCUS), March 2nd 2022 @ 11:00AM MST

February 22, 2022 by EnergyNow Media

Carbon Capture Utilization and Storage (CCUS) is crucial to our energy future. How we handle CO2, combined with our ability to sequester it economically (and who pays for it!) are determining factors to the success of global energy for the next 20 to 40 years. Join GLJ’s CEO Jodi Anhorn and Senior Business Analyst Devin … Read more

Alberta aiming to double private surgeries in public health-care system

February 22, 2022February 22, 2022 by The Canadian Press

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EDMONTON — Alberta Premier Jason Kenney says the spring sitting of the legislature will focus on health care and a plan to double the number of surgeries done in private facilities.
Kenney says the aim is to boost the number of private operations to 3…

Canadian Oil & Gas Continues World-Leading Spend on Cleantech R&D

February 22, 2022February 22, 2022 by EnergyNow Media

More than $1 billion invested in 2020 despite unprecedented challenges in global pandemic Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A new report shows that Canada’s major oil and gas companies continued their steady drumbeat of big spending on cleantech research and development in 2020, … Read more

Do You Have an Exhibitor Booth Yet? – Peace Region Energy Show: May 18-19, 2022, Grande Prairie, AB – Details Here

February 21, 2022 by EnergyNow Media

EXHIBITOR OPPORTUNITIES On May 18 & 19, 2022, the Peace Region Energy Show continues the legacy of the Peace Region Petroleum Show which took place biennially from 1995 to 2019. The Show will continue to offer hundreds of booths inside and outside the TARA Centre at Evergreen Park in the County of Grande Prairie, … Read more

LNG market supply-demand balance to remain tight in 2022

February 21, 2022 by EnergyNow Media

LONDON, Feb 21 (Reuters) – The global liquefied natural gas (LNG) market is expected to remain tight this year following last year’s volatility which saw demand rise 6% and gas prices hit an all-time high, Shell (SHEL.L) said on Monday. Natural gas prices around the world soared late last year due to a combination of tightening … Read more

Trans Mountain Corporation Updates Expansion Project Cost and Schedule

February 21, 2022 by EnergyNow Media

Improvements and Enhancements to Expansion Project is Building Legacy for Canadians February 18, 2022 CALGARY, Alberta, Feb. 18, 2022 (GLOBE NEWSWIRE) — As we enter the second half of construction on the Trans Mountain Expansion Project, and after more than a decade of review, engagement, planning and engineering, this complex and large scale Project is … Read more

China Signals Coal Reliance to Continue With Three New Mines

February 21, 2022 by EnergyNow Media

Feb 21, 2022 (Bloomberg) China’s top planning agency approved three different billion-dollar coal mine projects on Monday as the country continues to support the fuel that much of the rest of the world is shunning. The National Development and Reform Commission gave the go ahead to two mines in the northwestern province of Shaanxi and another … Read more

Oil Rises as Market Giants See Demand Recovery Continuing

February 21, 2022 by EnergyNow Media

Feb 21, 2022 (Bloomberg) Oil rose as leading market participants said they expect global demand to continue its powerful recovery from the pandemic.West Texas Intermediate gained toward $92 a barrel after a brief dip as Saudi Aramco, the world’s largest producer, said it sees signs that demand is rising, especially in Asia. The Chief Executive Officer … Read more

FREE WEBINAR: VOC GASES – Protect Workers Against Hidden Hazards

February 21, 2022February 21, 2022 by EnergyNow Media

Tuesday, February 22nd, 2022 – 9:00 AM (MST) ABOUT THIS EVENT Are you effectively monitoring air quality to ensure the safety of your employees? Volatile organic compound (VOC) gases are present in everyday life and can be harmless. Some, however, are not and can be hazardous to both health and the environment. REGISTER HERE “One … Read more

Spend Less Time on Managing Data and More Time on Managing Projects – Matidor

February 21, 2022 by EnergyNow Media

Time management is not a new concept; however, in certain situations, it can become too complex and much harder to manage than we initially planned. Time estimation for managing business activities and projects is highly dependent on the number of involved variables. The more essential variables in a specific situation, the more time is needed … Read more

Featured Service: X-Ray Pipeline Crawler Radiographic Technology for NDE Inspections – Buffalo Inspection Services

February 21, 2022 by EnergyNow Media

Pipeline Crawler System Pipeline Crawlers are designed to produce high quality panoramic radiographs of circumferential butt welds in new pipelines with an internal diameter between 9.5” to 48” (240mm to 1220mm). The remote handset allows external control and monitoring of the crawler whilst it is being operated within the pipe. The handset is used to … Read more

Helping the oil and gas sector transition into a digital energy economy – PermianChain

February 21, 2022 by EnergyNow Media

Every industry has suffered from the onslaught of Covid-19, but the role of oil and gas in supporting the majority of other industries means that the current levels of uncertainty are making life particularly difficult. With the price of oil being unreliable due to geopolitics along with the supply and demand policies that seem to … Read more

Does your company encounter the challenges of slow processes? The Team at Apex Automation can help!

February 21, 2022 by EnergyNow Media

Manual tuning methods routinely fail to achieve meaningful improvement. That’s especially true when manually tuning slow processes like those characterized by a large Time Constant. The time needed to perform effective bump testing is often significant, and the accuracy of the associated process models is often questionable. For practitioners working without the right tools, tuning … Read more

Cost of Trans Mountain pipeline expansion soars 70 per cent to $21.4 billion

February 21, 2022February 21, 2022 by The Canadian Press

CALGARY — The federal government said Friday it will not put more money toward the Trans Mountain pipeline expansion in spite of a newly disclosed price tag for the project that comes in 70 per cent higher than expected.
Deputy Prime Minister Chrystia…

Saudi energy minister says focusing only on renewables a mistake

February 21, 2022February 21, 2022 by EnergyNow Media

RIYADH, Feb 20 (Reuters) – The Saudi energy minister said on Sunday that focusing only on renewable power sources was a mistake and that the world may not be able to produce all the energy needed for economic recovery from the coronavirus pandemic. “The pandemic and the recovery underway have taught us the value … Read more

B.C. Indigenous Leader Condemns ‘Vile’ Attack on Coastal GasLink Pipeline Workers

February 21, 2022February 21, 2022 by EnergyNow Media

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‘I hope they are charged with attempted murder’ By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Coastal GasLink A B.C. Indigenous leader is calling for jail time for the violent attackers who reportedly tried to set fire to a vehicle with people inside it … Read more

CEO Sees Oil Above $100 for a ‘Prolonged Period’ This Year

February 20, 2022 by EnergyNow Media

Feb 20, 2022 (Bloomberg)Oil prices could be set for a “prolonged period” above $100 a barrel over the next six to nine months, with the world setting fresh demand records this year, said Vitol Group Chief Executive Officer Russell Hardy.Crude already surged to within a few dollars of that level earlier this month, as the … Read more

‘Critical’ for investment to flow to lowest-cost, lowest-carbon oil & gas options – UAE minister

February 19, 2022 by EnergyNow Media

Sultan Ahmed Al Jaber, UAE Minister of State and the Abu Dhabi National Oil Company (ADNOC) Group CEO poses during the interview at the Panorama Digital Command Centre at the ADNOC headquarters in Abu Dhabi, UAE December 10, 2019. REUTERS/Satish Kumar Feb 19 (Reuters) – Investment needs to focus on the lowest-cost, lowest-carbon oil and … Read more

Canada Weekly Rig Count Up 1 for Week Ending February 18, 2022

February 19, 2022February 19, 2022 by EnergyNow Media

Canada’s drilling rig count is up 1 active drilling rigs according to data collected by Baker Hughes for the week ending February 18, 2022. From one week ago, Alberta rig counts decreased 1 to 166 and the Saskatchewan rig counts increased 1 to 33. Oil drilling decreased 2 to 135 and gas increased 3 to … Read more

The World Has Changed Direction On Fossil Fuels. Will Capital Markets Follow? – David Yager

February 19, 2022February 19, 2022 by EnergyNow Media

By David Yager In only six months there has been a dramatic reversal in what the world thinks about fossil fuels. For everyone who endured seven years of reduced commodity prices, reduced income, reduced employment, reduced wealth, reduced investor interest – and even reduced self-esteem after being branded a climate criminal – the change in … Read more

Trans Mountain Corporation updates expansion project cost and schedule

February 18, 2022 by EnergyNow Media

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February 18, 2022 CALGARY, Alberta – As we enter the second half of construction on the Trans Mountain Expansion Project, and after more than a decade of review, engagement, planning and engineering, this complex and large scale Project is making steady progress and setting new standards for major pipeline project execution, while overcoming significant challenges … Read more

Trans Mountain Corporation Announces CEO Retirement

February 18, 2022February 18, 2022 by EnergyNow Media

CALGARY, Alberta, Feb. 18, 2022 (GLOBE NEWSWIRE) — The Board of Directors of Trans Mountain Corporation today announced the retirement of Ian Anderson from his position as President and CEO of Trans Mountain Corporation and his departure from the Board, effective April 1, 2022. The Board of Directors will begin an immediate process to select … Read more

Canadian gov’t condemns violent attack on Coastal GasLink pipeline work camp

February 18, 2022 by EnergyNow Media

February 18, 2022 The Canadian government on Friday condemned an attack on a Coastal GasLink pipeline work camp in northern British Columbia, in which police said assailants brandishing axes threatened workers and damaged equipment. Coastal GasLink, a subsidiary of Calgary-based TC Energy, is building the 670-km (420-mile) pipeline to the west coast of British Columbia to … Read more

Politicians condemn violence at Coastal GasLink construction site in northern B.C.

February 18, 2022February 18, 2022 by The Canadian Press

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HOUSTON, B.C. — Politicians are denouncing what police have called a violent confrontation in separate attacks against officers and employees at a construction site for a natural gas pipeline being built across northern British Columbia.
Federal Publi…

U.S. drillers add oil and gas rigs for seventh week

February 18, 2022 by EnergyNow Media

Feb 18 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row for the first time since February 2021 after crude prices this week soared to their highest since 2014. The oil and gas rig count, an early indicator of future output, rose 10 to … Read more

Alta. homeowners feel pinch of high commodity prices as utility bills spike

February 18, 2022February 18, 2022 by The Canadian Press

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CALGARY — Alberta’s oil and gas sector is awash with cash and the province’s books could be headed back into the black this year, but residents of the energy-producing province are experiencing the downside of the commodity price boom on their utility…

Saturn Oil & Gas Inc. announces strategic acquisition, debt consolidation and bought public offering

February 18, 2022 by EnergyNow Media

CALGARY, AB – Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (“Saturn” or the “Company“) is pleased to announce that the Company has: (i) entered into an arms-length agreement to acquire certain synergistic oil & gas assets in West-central Saskatchewan (the “Strategic Acquisition“) for total consideration of approximately $8.3 million (the “Transaction Value” or “TV“), (ii) given notice to repay its second-lien … Read more

Oil Retreats Below $90 With Bumper Rally Starting to Ease Off

February 18, 2022 by EnergyNow Media

Feb 18, 2022 (Bloomberg) Oil headed for the first weekly loss in two months as investors weighed the crisis over Ukraine and the possibility that Iran’s nuclear deal may be revived.West Texas Intermediate fell below $90 a barrel after losing as much as 3% on Friday. There have been signs that the market’s recent rally is … Read more

Not Even at $200 a Barrel: U.S. Shale Giants Swear They Won’t Drill More

February 18, 2022 by EnergyNow Media

(Bloomberg) The Texas wildcatters that ushered in America’s shale revolution are resisting the temptation to pump more oil as the market rallies, signaling higher gasoline prices for consumers already battered by the worst inflation in a generation.Crude prices hurtling toward $100 a barrel typically would spark a frenzy of new drilling by independent explorers in shale fields from the … Read more

33 Controversial Conclusions About Energy, Environmental, and Climate issues – Alex Epstein

February 18, 2022 by EnergyNow Media

Alex Epstein In Fossil Future, I look at the *full context* of facts about energy, environment, and climate from a *human flourishing perspective*. This leads to some very controversial conclusions. A frequent question I get is: “Why do you think you’re right, given that so many experts disagree with you?” I have two answers to … Read more

Saudi Arabia keeps lid on oil output as US gas prices rise

February 18, 2022February 18, 2022 by The Canadian Press

DUBAI, United Arab Emirates (AP) — Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.
This has Washington …

RCMP say Coastal GasLink Site in Northern B.C. ‘Attacked,’ Causing Significant Damage

February 18, 2022February 18, 2022 by The Canadian Press

HOUSTON, B.C. — Mounties in northern British Columbia are investigating what they say was a violent confrontation between a group of about 20 people and Coastal GasLink employees at a worksite for the natural gas pipeline.
RCMP say in a news release t…

A Matter of Fact: Report Offering Alternatives to Line 5 Unrealistic

February 18, 2022February 18, 2022 by EnergyNow Media

Environmental group ignores key facts and importance of the critical pipeline to both Canada and the US By Shawn Logan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter An environmental group proposing a laundry list of unrealistic alternatives to replace Line 5 ignores many key facts and realities … Read more

Quesnel: How Canada will be better off with increased Indigenous involvement in energy sector

February 18, 2022February 18, 2022 by EnergyNow Media

First Nations want to be more than just consulted parties on energy projects – many want to become decision makers By Joseph Quesnel Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Energy projects are allowing First Nation and Metis communities to move beyond being consulted parties towards becoming … Read more

Oil falls, caught between Iran talks and Ukraine crisis

February 17, 2022 by EnergyNow Media

Summary U.S. and France say Iran nuclear talks in final stages Russia-Ukraine tensions still simmering LONDON, Feb 17 (Reuters) – Oil prices fell on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages, but losses were capped by heightened tensions between top energy exporter Russia and the West over Ukraine. … Read more

Facing Pushback, BlackRock Says it Now Backs Fossil Fuels

February 17, 2022February 17, 2022 by EnergyNow Media

BOSTON, Feb 17 (Reuters) – At the risk of being dropped from Texas pension funds, BlackRock Inc (BLK.N) has ramped up its message that the world’s largest asset manager is a friend of the oil and gas industries. As a large and long-term investor in fossil fuel companies, “we want to see these companies succeed and prosper,” … Read more

Kelt Reports Significant Increases in Oil and Gas Reserves and Provides an Update on Its Environmental, Social and Governance Performance

February 17, 2022 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – February 17, 2022) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) is pleased to report on its oil & gas reserves and production for the year ended December 31, 2021. Kelt retained Sproule Associates Limited (“Sproule”), an independent qualified reserve evaluator, to prepare a report on its oil and … Read more

Canada’s Biggest Bank Faces Shareholder Vote on Climate Standards

February 17, 2022 by EnergyNow Media

Feb 16, 2022 (Bloomberg) Royal Bank of Canada shareholders will vote on whether the bank should tighten its standards for sustainable finance, action inspired by a 2021 pipeline financing deal that was criticized for greenwashing and general concern over lax standards for so-called sustainability-linked debt. Investors for Paris Compliance, a shareholder advocacy group set up last … Read more

Oil’s Spectacular Covid Crash Set the World Up for $100 Crude

February 17, 2022 by EnergyNow Media

(Bloomberg) The two-year Covid crisis put many markets on a wild ride—just look at U.S. treasuries—but few have had a crazier time than crude oil: from total collapse in 2020 to the brink of $100 a barrel today. It’s not only the price swings that have shocked motorists, investors, CEOs and OPEC+ ministers alike. An entire … Read more

Peyto Profitably Grows Reserves in 2021 and Confirms Larger Capital Program for 2022

February 17, 2022 by EnergyNow Media

February 16, 2022 CALGARY, Alberta, Feb. 16, 2022 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present the results and in-depth analysis of its independent reserve report effective December 31, 2021. The evaluation encompassed 100% of Peyto’s reserves and was conducted by GLJ Ltd. (“GLJ”). The year 2021 … Read more

Before you can ramp up drilling, you need to ramp up pre-license applications

February 17, 2022 by EnergyNow Media

2022 is shaping up to be the most active drilling season in years. Are you challenged by the various applications and directives necessary for obtaining drilling licenses? To get a drilling license, operators must provide accurate, validated data that meets standards set for various directives. Cutbacks in drilling departments have reduced the expertise and understanding … Read more

Schachter’s Eye on Energy: The Window For The Start Of Any Russian Invasion Of Ukraine Is The Next Two Weeks. Crude War Premium Continues To Rise.

February 17, 2022 by EnergyNow Media

INTRODUCING: Non-Slip Integrated Pathways for Your Containment Lining System – Learn More Here

February 17, 2022February 17, 2022 by EnergyNow Media

What’s New? Enhanced Innovation & Safety! Western Engineered Containment’s Non-Slip Custom Designed Pathways are integrated into their spray applied Precidium ECS lining systems, giving your facility a permanent pathway system. The Result Enhanced HSE is achieved with a safer working environment, giving personnel visual aids of where to walk within the containment. Non-Slip pathways can … Read more

Alberta’s finances set to flip back to black as oil surges, boosting Kenney

February 17, 2022February 17, 2022 by EnergyNow Media

February 16, 2022 Alberta looks set to return to a budget surplus this coming fiscal year, ending seven years of deficit, as surging oil prices swell provincial royalty revenues and provide a boost to Premier Jason Kenney ahead of a spring leadership review. The oil and gas sector accounts for around 17% of Alberta’s GDP, … Read more

News Release: Cut taxes and government spending to combat inflation

February 17, 2022February 17, 2022 by EnergyNow Media

OTTAWA, ON: The Canadian Taxpayers Federation is calling on the federal government to provide tax relief and rein in spending to ease the rising cost of living following today’s Statistics Canada report showing consumer prices increased by 5.1 per cent. “Other countries are providing relief, but Ottawa is sticking us with higher tax bills,” said Franco … Read more

Significant emissions reduction anticipated from new technologies via CRIN Low Emission Fuels and Products Technology Competition

February 17, 2022February 17, 2022 by EnergyNow Media

February 16, 2022 CALGARY, Alberta, Feb. 16, 2022 (GLOBE NEWSWIRE) — Clean Resource Innovation Network (CRIN) Today, CRIN is announcing four projects identified for funding through its $80 million CAD oil and gas technology competitions aimed at accelerating solutions that have the potential to contribute significantly to achieving Canada’s 2050 climate targets and position Canada as … Read more

Paleo Resources announces appointment of new Chief Financial Officer & Comptroller, sale of interest in Joffre lease, and EnergyFunders’ launch of two additional funds

February 16, 2022 by EnergyNow Media

Calgary, Alberta – Paleo Resources, Inc. (“Paleo” or the “Corporation”) (TSXV:PRE) is pleased to announce the following updates. Appointment of New Chief Financial Officer & Comptroller Matthew P. Milligan has been appointed by Paleo’s directors to serve as the Chief Financial Officer and Controller of the Corporation. Matt obtained both his Bachelors and Masters in … Read more

MARKSMEN ANNOUNCES FOUR WELL CAPITAL PROGRAM

February 16, 2022 by EnergyNow Media

February 16, 2022 CALGARY, ALBERTA, Feb. 16, 2022 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSXV: MAH) (OTCQB: MKSEF) (“Marksmen” or the “Company”) announces that the success of its two Davis Holbrook wells at Pickaway County, Ohio validates drilling at other offset locations in the Cambrian Knox formation. Marksmen is pleased to announce that it has entered into … Read more

Gear Energy Ltd. Announces Fourth Quarter 2021 Operating Results and Year-End Reserves Summary

February 16, 2022 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – February 16, 2022) – Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) (“Gear” or the “Company”) is pleased to provide the following fourth quarter operating results and reserves summary to shareholders. Gear’s Consolidated Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2021 are available for … Read more

Column: Global oil inventories are exceptionally tight

February 16, 2022February 16, 2022 by EnergyNow Media

LONDON, Feb 15 (Reuters) – Global petroleum inventories are the tightest for years in a sign the market is overheating, as the global economy recovers rapidly from the coronavirus pandemic and major oil producers refuse to increase output faster. Commercial inventories held in the countries of the Organisation for Economic Co-operation and Development (OECD) totalled … Read more

Oil Advances as Investors Track Crisis in Ukraine, Inventories

February 16, 2022 by EnergyNow Media

Feb 16, 2022 (Bloomberg) Oil recovered from its biggest one-day loss this year as investors attempted to assess whether the Ukraine crisis was easing after Russia said it had pulled some troops back from the border. West Texas Intermediate rose above $93 a barrel. U.S. officials said they haven’t verified the claim that Russia is pulling … Read more

Inflation Hits 5.1% in Canada, Increasing Rate-Hike Pressure

February 16, 2022 by EnergyNow Media

Feb 16, 2022 (Bloomberg) Canadian consumer price inflation accelerated to a new three-decade high in January, adding to pressure on the Bank of Canada to start raising interest rates as early as March 2. Annual inflation was 5.1% last month, up from 4.8% in December, Statistics Canada reported on Wednesday in Ottawa. Economists were anticipating inflation would be … Read more

OPEC+ Must Fix Its Million-Barrel Supply Gap, IEA Says

February 16, 2022 by EnergyNow Media

Feb 16, 2022 (Bloomberg) The International Energy Agency urged OPEC and its allies to address a widening shortfall in their oil production as a volatile market sends crude prices rocketing toward $100 a barrel.While fuel consumption is bouncing back from the pandemic, the 23-nation alliance led by Saudi Arabia is struggling to restore output it halted. … Read more

Permian Roughneck Shortage Clouds Outlook for Oil Output Growth

February 16, 2022 by EnergyNow Media

Feb 15, 2022 (Bloomberg) Oil drillers set to increase U.S. production in the coming years face considerable headwinds from labor shortages in America’s most prolific shale patch, according to industry consultants Evercore ISI. The Permian Basin straddling Texas and New Mexico will be the main driver of an estimated 750,000 barrel-a-day increase in U.S. oil output … Read more

TC Energy generates strong results in 2021 while progressing energy transition initiatives

February 16, 2022 by EnergyNow Media

Increases common share dividend for the twenty-second consecutive year February 15, 2022 CALGARY, Alberta, Feb. 15, 2022 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for fourth quarter 2021 of $1.1 billion or $1.14 per share compared to net income of … Read more

Oil and Gas in Our Lives – Focus on Winter Sports: Why Oil & Gas is So Important

February 17, 2022February 16, 2022 by EnergyNow Media

Peak performance and protective equipment are made possible by petrochemicals By Brittany Elves Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter It’s 6 a.m. on a Saturday morning – you wouldn’t usually be up so early on a weekend, but the mountains are calling, and your alarm clock is begging … Read more

Canada has existing options if Line 5 shuts down, environmental report argues

February 16, 2022February 16, 2022 by The Canadian Press

WASHINGTON — A new report by a Canadian environmental group says alternatives to Line 5 already exist if the controversial cross-border pipeline gets shut down.
The report, commissioned by Environmental Defence, recommends upgrading Enbridge Inc.’s n…

XI Technologies: M&A Snapshot – Tenth Avenue Petroleum Corp and Avalon Energy Ltd.

February 16, 2022 by EnergyNow Media

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. Merger and acquisition deals in 2021 were the highest they’ve been in three … Read more

Exhibit Space Now Available at Smart Energy Event • Halifax, NS

February 16, 2022 by EnergyNow Media

Smart Energy Event returns to Halifax, April 25-26 for its eighteenth edition. Smart Energy brings together municipalities, utilities, energy providers together to seek solutions to climate change, emission reduction, energy efficiency and ultimately achieving net zero. For the first time this conference is open to technology suppliers to showcase their innovations to national audience. If … Read more

17 surprising Facts from Fossil Future – Alex Epstein

February 16, 2022February 16, 2022 by EnergyNow Media

Alex Epstein In 14 years of researching the big picture of energy, environment, and climate, I’ve learned many facts that the media never mention—even though few expert researchers dispute them Introduction One of the key ideas of Fossil Future is that when we are evaluating fossil fuels and alternatives, we need to consider the full context of facts. I am … Read more

Reduce the life cycle duration of manifests through technology-Payload: eManifest

February 16, 2022 by EnergyNow Media

Intro Companies, especially those facing downward economic pressures like in Oil and Gas, are looking to convert manual paper-based processes to digital ones for the benefits of lowering costs and improving the efficiency and efficacy of their day-to-day business activities. PAYLOAD’s solutions digitize paper-based processes and in doing so enable new business models and value-producing … Read more

Powering the World for a Brighter Future

February 16, 2022 by EnergyNow Media

“Experienced Built, World-class Quality Driven” If the isometric drawings and material are given the right priority, the fabrication schedule can be accelerated, which can turn into a win-win for the client and the fabricator. Pipe spools are an integral part of your business We service the oil and gas industry’s upstream, midstream, and downstream needs … Read more

Osperity helps energy companies realize their ESG mandates through AI-driven Intelligent Visual Monitoring

February 16, 2022 by EnergyNow Media

With new regulatory mandates, Environmental, Social and Governance (ESG) considerations has created an opportunity to build value and increase efficiency of operations. Shareholder acceptance, media pressure, customer expectations and demands are the drivers of change for oil and gas companies. Energy companies have been implementing ESG strategies for years through reduced emissions, responsible water use … Read more

Why Work With Compass Bending For Your Next Project? Simple – Reliability & Accountability! – Learn More

February 23, 2022February 16, 2022 by EnergyNow Media

Most analysts agree, 2022 will be the year global demand for oil returns to pre-pandemic levels. Some are even using the “B” word, and time will tell if the red hot start to the year develops into “boom” status. Supply chain issues, an uncertain socio-political climate, and the virus that just won’t go away make … Read more

OPEC Chief Says Focus Is on Keeping Market Well-Supplied

February 15, 2022 by EnergyNow Media

OPEC Secretary-General Mohammad Barkindo addresses a news conference in Vienna, Austria, November 7, 2017. REUTERS/Heinz-Peter Bader

Feb 14, 2022 (Bloomberg) OPEC is focused on keeping the oil market well-supplied, even as the group continues to grapple with underinvestment, according to its top official.“There’s no doubt that we are concerned with ensuring that the security of supply is also guaranteed,” OPEC Secretary General Mohammad Barkindo told reporters on the sidelines of an energy … Read more

U.S. Permian Oil Output Sets Record for the Third Consecutive Month

February 15, 2022 by EnergyNow Media

Feb 14, 2022 (Bloomberg) Production from America’s Permian Basin reached a record high for the third month in a row in January as a red-hot price rally keeps shale drillers busy.Crude supply from the basin, which includes Texas and New Mexico, averaged 5.06 million barrels a day in January, surpassing the 5 million mark for the … Read more

TC Energy reports $1.1-billion Q4 profit, raises quarterly dividend to 90 cents

February 15, 2022February 15, 2022 by The Canadian Press

CALGARY — TC Energy Corp. raised its dividend as it reported a fourth-quarter profit of $1.1 billion.
The pipeline company says it will now pay a quarterly dividend of 90 cents per share, up from 87 cents per share.
The increased payment to shareholde…

Oil Slumps as Russia Says Some Troops to Return to Bases

February 15, 2022 by EnergyNow Media

Feb 15, 2022 (Bloomberg) Oil retreated from the highest since 2014 as traders weighed a possible cooling in the Ukrainian crisis.Brent futures fell as much as 2.1% to trade below $95 a barrel while futures in New York also slumped. Some Russian military units will start returning to their permanent bases on Tuesday after completing drills, … Read more

Big Money Refines Its Climate Pledge: Don’t Divest From Energy

February 16, 2022February 15, 2022 by EnergyNow Media

(Bloomberg) Calls to end fossil-fuel investments seem to come from just about everywhere — Harvard University, the Vatican and big philanthropies like the Ford Foundation.So it might be a surprise that some of the world’s biggest money managers have adopted the exact opposite line. To save the planet, they say, don’t dump those holdings. At … Read more

Alberta to toughen oil sands emissions standards

February 15, 2022 by EnergyNow Media

Feb 14 (Reuters) – The province of Alberta will toughen its greenhouse gas emissions standards for oil sands mines, closing a loophole that rewarded some of Canada’s highest-emitting facilities with millions of dollars’ worth of tradeable credits, its environment ministry told Reuters. Alberta is updating industry benchmarks that set emissions reduction requirements per unit of … Read more

Crescent Point Successfully uses breakthrough multizone abandonment tool to set and pressure test barriers in a single run saving time and money

February 15, 2022February 15, 2022 by EnergyNow Media

K-WAT tool reduces the cost of well abandonment Wireline Abandonment and Completion Corp. (WACORP) announces Crescent Point Energy’s successful utilization of WACORP’s wireline-deployed K-WAT tool in Alliance and Turner Valley, Alberta in a five-well, 14-zone well abandonment pilot project, to satisfy the Alberta Energy Regulator (AER) oil and gas Well Abandonment Directive 20. From Nov. … Read more

How A Trucking Blockade Accelerates Digital Innovation – Geoffrey Cann

February 15, 2022 by EnergyNow Media

By Geoffrey Cann Canada rarely makes the global case for advanced technology adoption, but the trucker protest movement has given a big and unexpected boost to autonomous trucking. Trucking Sit In My dear spouse (as if there is some other kind of spouse) recently received a missive from friends half-way around the planet asking if … Read more

David Yager: As the World Scrambles for More Natural Gas, Canada’s Climate Politics Hobble a Responsible Producer

February 15, 2022February 15, 2022 by EnergyNow Media

Canada’s determination to bog down LNG is simply not justifiable on environmental grounds By David Yager Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter As the world of energy changes direction at an astonishing rate, Canada is being left behind because of domestic climate politics. Last July Quebec cancelled Energie … Read more

Oil Sands Reclamation in Canada: The Facts

February 15, 2022February 15, 2022 by EnergyNow Media

Canada Action Canada’s oil sands have long been in the limelight but for all the wrong reasons. For example, not many people know about the oil sands’ world-class reclamation requirements that, in some instances, have seen open-pit mines transform into grazing pastures where now over 300 bison live and roam. Why don’t we hear about these success … Read more

WHITECAP RESOURCES INC. ANNOUNCES SIGNIFICANT 2021 RESERVE ADDITIONS AND INCREASED SUSTAINABILITY DRIVEN BY ITS STRATEGIC ACQUISITIONS

February 14, 2022 by EnergyNow Media

CALGARY, AB, Feb. 14, 2022 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to present the results of our 2021 year end reserves evaluation as prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”). Our 2021 year end reserves were exceptional and are a direct result of the successful execution and development of our … Read more

Europe’s banks fund oil and gas expansion despite IEA warning

February 14, 2022 by EnergyNow Media

European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite a warning from International Energy Agency. Last year, 25 of the region’s leading banks collectively provided $55 billion to energy companies planning to expand oil and gas production, responsible investment non-profit ShareAction said in … Read more

FEATURE: The Safe-T-Whip Difference – End-to-End Protection from Flowline Failures – Learn More

February 14, 2022February 14, 2022 by EnergyNow Media

The Safe-T-Whip Difference The Safe-T-Whip™ System offers end to end protection in the event of a flowline failure, including swivels and joints. Safe-T-Whip offers multiple systems for a wide range of applications, using the highest grade of materials. The Safe-T-Whip System is professionally engineered, taking into account the extreme pressures, movements and temperatures that may … Read more

Smart charging may be key to saving power grid in world of EVs

February 14, 2022 by EnergyNow Media

LONDON/UTRECHT, Netherlands, Feb 14 (Reuters) – As electric vehicle (EV) sales rise, the big question for power grid operators, charging companies and governments is how to run tens of millions of vehicles without crashing local networks or spending billions on grid upgrades. The answer: smart charging. Simply put, smart charging software allows EV owners to … Read more

IEA Head Urges OPEC+ Laggards to Boost Output to Balance Markets

February 14, 2022 by EnergyNow Media

Feb 14, 2022 (Bloomberg) OPEC+ members producing below their crude output quotas need to pump more to balance oil markets, said International Energy Agency head Fatih Birol.Oil has rallied to a seven-year high above $90 a barrel as demand rebounds and global supply lags behind. While the 23-nation OPEC+ alliance agreed to raise output targets again at its last … Read more

Hydrogen Cars and Buses Seize the Spotlight at Beijing’s Winter Olympic Games

February 14, 2022 by EnergyNow Media

Eiffel 65 on Hydrogen - I'm Blue (Da Ba Dee-Carbonize) 1

Feb 14, 2022 (Bloomberg) When Beijing hosted the 2008 Summer Olympic Games, it used the global spotlight to showcase the then-emerging technology of electric vehicles.Since then, EVs have moved from the fringe to the mainstream. China is the world’s biggest EV market, accounting for just over half of global sales in 2021. Worldwide, sales are forecast … Read more

Oil Pares Gains With Price Volatility Rising on Ukraine Tensions

February 14, 2022 by EnergyNow Media

Feb 14, 2022 (Bloomberg) Brent oil edged higher, after paring earlier gains, with prices growing increasingly volatile in the face of geopolitical tensions over Ukraine.The global benchmark traded near $95 a barrel, while West Texas Intermediate traded above $93, both about $2 off their highs for the day. Wider markets struck a risk-off tone, with equities … Read more

WATCH: Cobra Structures – The Flexibiliy and Versatility of Fabric Commercial Buildings

February 15, 2022February 14, 2022 by EnergyNow Media

We’ve installed all sorts of commercial fabric buildings, and we know just the solution for each industry. Whether it’s an insulated warehouse or a portable exploration facility in the Canadian Arctic, our team has proven to get the job done on budget and on time. Our commercial buildings go as wide as 300’ and to … Read more

WEBINAR: Sustainable Chemistry and Industry 4.0: In-line analytics for a sustainable, connected future – February 16, 2022

February 14, 2022 by EnergyNow Media

Date: 2/16/2022 Time: 9:00 a.m. MST REGISTER In this webinar presented by Westech Industrial’s partner METTLER TOLEDO you will learn of new developments in in-line process analyzers and how they fit into the principles of sustainable chemistry and Industry 4.0. Recent developments include full communications with digital control systems and sensor self-diagnostic abilities. The presenter … Read more

New OpenTicket Mobile App Makes Job Validation Easier and Faster

February 14, 2022 by EnergyNow Media

Since its 2016 launch, OpenTicket, which works seamlessly with OpenInvoice, has been instrumental in eliminating paper in the oilfield. By managing e-ticketing and invoicing on the same platform, operators shorten and streamline the service-to-invoice process, reducing mistakes and duplicate tickets and invoices. Currently, OpenTicket is used by more than 90 operators, with 7,500 suppliers submitting … Read more

Network perimeter security solutions to protect your critical site

February 14, 2022 by EnergyNow Media

As the name suggests, critical infrastructure is essential to maintaining the lives and well-being of all Canadians. And, keeping our critical sites secure from threats is just as vital. Remote and minimally-staffed, or unmanned sites—as often found in the oil and gas industry—can be particularly at risk from physical threats like vandalism, theft, property damage, … Read more

roundLAB: We Have the Best Clients! – Learn Why

February 14, 2022 by EnergyNow Media

Independent, Unbiased Well Placement Solutions roundLAB is excited that we have so many clients and professionals joining the enhanced well bore positioning movement. We are even more excited when our clients take the time to send us a note which makes all the hard work worth it! This from a successful (and really busy) operator: … Read more

FREE WEBINAR: A look into your Processes, products to best fit your applications – February 17

February 14, 2022February 14, 2022 by EnergyNow Media

Sign Up: https://www.makingmeasurementsmatter.com/offers/4jrtnRsa/checkout Join us in our next webinar featuring Process Insights products and applications. Process Insights is committed to developing innovation that helps our customers create the products and services that make our lives better and protects our environment. With continued pursuit, our strategic and global expansion offers significant future opportunities across the value … Read more

Russia Keeps Gas Market on Edge With No Sign of Increasing Flows

February 14, 2022February 14, 2022 by EnergyNow Media

Feb 14, 2022 (Bloomberg) Russia is showing no indication of increasing gas flows to Europe amid rising tension with the west over Ukraine.Top supplier Gazprom PJSC again opted not to book any pipeline space for March to send gas to Germany via the key Yamal-Europe link, according to monthly auction results on Monday. Westbound supplies through … Read more

Canada Weekly Rig Count Up 1 for Week Ending February 11, 2022

February 14, 2022February 14, 2022 by EnergyNow Media

Canada’s drilling rig count is up 1 active drilling rigs according to data collected by Baker Hughes for the week ending February 11, 2022. From one week ago, Alberta rig counts increased 1 to 167 and the Saskatchewan rig counts stayed at 32. Oil drilling increased 1 to 137 and gas stayed at 82.

Move to scuttle carbon capture would be equivalent of banning all renewable energy – Resource Works

February 14, 2022February 14, 2022 by EnergyNow Media

by Stewart Muir Resource Works More From Resource Works Here Opponents of emerging technology to reduce GHGs in the atmosphere are playing a dangerous game. Carbon capture is clearly supported by International Panel on Climate Change (IPCC) research. Stewart Muir reviews the situation. Purist climate activists are courting disaster with a new attempt to undermine … Read more

The Truth About Geothermal Energy – Alex Epstein

February 14, 2022February 14, 2022 by EnergyNow Media

Alex Epstein Geothermal cannot replace a significant percentage of fossil fuel use because it requires the rare geology of places like Iceland. “Deep geothermal” has promise, but is decades away from scalability. Myth: Geothermal energy can rapidly replace a significant percentage of fossil fuel use. Truth: Geothermal cannot replace a significant percentage of fossil fuel use because it requires … Read more

U.S.- Canada Bridge Protest Is Over But Confusion and Rage Remain

February 13, 2022 by EnergyNow Media

Feb 13, 2022 It was a most Canadian protest — except when it wasn’t. Largely civil and without violence, a demonstration in Windsor, Ontario was finally cleared by police Sunday morning with only a handful of arrests. For those who stayed until the bitter end, blocking one of North America’s busiest cross-border trade arteries for … Read more

$100 Oil Threatens to Compound World Economy’s Inflation Shock

February 13, 2022 by EnergyNow Media

Feb 13, 2022 (Bloomberg) Oil’s surge toward $100 a barrel for the first time since 2014 is threatening to deal a double-blow to the world economy by further denting growth prospects and driving up inflation.That’s a worrying combination for the U.S. Federal Reserve and fellow central banks as they seek to contain the strongest price pressures … Read more

Oil soars 3% to new 7-yr highs on Ukraine jitters, tight supplies

February 12, 2022 by EnergyNow Media

Summary Washington warns of imminent Russian invasion of Ukraine UK’s Johnson tells allies he fears for security of Europe Saudi, UAE could calm volatility by hiking output – IEA U.S. drillers add most oil rigs in a week since Feb 2018 Feb 11 (Reuters) – Oil prices ended 3% higher on Friday at fresh seven-year … Read more

Chief Leading Indigenous Coalition Holds Out Hope Despite Keystone XL Compensation Bid

February 12, 2022February 12, 2022 by EnergyNow Media

Cancelled pipeline project could be generational boon for First Nation communities, says Saskatchewan chief By Shawn Logan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Saskatchewan First Nation Chief Alvin Francis admits he’s an incurable optimist. So even after Natural Law Energy (NLE), a coalition of Saskatchewan and Alberta First … Read more

Canadian Oil – Exported to U.S. and Re-Exported Out of U.S. Gulf in Record Numbers

February 12, 2022February 12, 2022 by EnergyNow Media

NEW YORK/CALGARY, Feb 11 (Reuters) – Canadian oil companies exported a record amount of crude out of the U.S. Gulf Coast at the end of 2021, a trend that should continue in coming months, as tight international oil markets are in need of the nation’s heavy, sour crude. These barrels are hitting the Gulf thanks … Read more

U.S. drillers add most oil rigs in a week since Feb 2018

February 12, 2022February 12, 2022 by EnergyNow Media

February 11, 2022 U.S. energy firms this week added the most oil rigs in four years as crude prices held near their highest since 2014, prompting drillers to seek more profit. The oil and gas rig count, an early indicator of future output, rose 22 in the week to Feb. 11, in it biggest hike … Read more

Canada launches call for proposals for Indigenous-led clean fuels projects

February 12, 2022February 12, 2022 by EnergyNow Media

February 11, 2022 OTTAWA, ON – Clean fuels, such as advanced biofuels and hydrogen, play an essential role in contributing to Canada’s plan to reach net zero by 2050. Recognizing the unique opportunities that clean fuels present for Indigenous businesses and communities, the Government of Canada is helping grow their domestic production capacity while strengthening … Read more

U.S. Natgas Futures Slide to 3-Week Low on Jump in Output

February 11, 2022 by EnergyNow Media

U.S. natural gas futures slipped over 1% to a fresh three-week low on Friday as output starts to recover quickly from last week’s freezing weather and on forecasts confirming the weather will remain warmer than normal for the next two weeks. After weeks of near record volatility, front-month gas futures for March delivery fell 6.1 … Read more

Oil Set for First Weekly Drop Since December on Iran Progress

February 11, 2022 by EnergyNow Media

Feb 11, 2022 (Bloomberg) Oil headed for its first weekly loss since mid-December as Iran moved closer to reviving a nuclear accord that would lift American sanctions on its petroleum exports.While futures in New York edged above $90 a barrel on Friday, they are still down about 2% this week. Officials from the U.S. to Europe … Read more

Big Oil Is Pumping Cash as If $100 Oil Has Already Arrived

February 11, 2022 by EnergyNow Media

Feb 11, 2022 (Bloomberg) The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel.BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Chevron Corp. just generated the highest free cash flow since the start of 2008 — when oil first climbed above $100 a barrel. Crude isn’t … Read more

OPEC+ Supply Shortfall May Push Oil Price Higher, IEA Warns

February 11, 2022 by EnergyNow Media

Feb 11, 2022 (Bloomberg) Global oil prices could climb further because of the OPEC+ coalition’s “chronic” struggle to revive production, unless the group’s Middle Eastern heavyweights pump extra to compensate, the International Energy Agency warned.Crude has rallied to a seven-year high above $90 a barrel as demand bounces back from the pandemic while supplies around the … Read more

Enbridge reports $1.84B fourth-quarter profit, up from $1.78B a year ago

February 11, 2022February 11, 2022 by The Canadian Press

CALGARY — Enbridge Inc. reported its fourth-quarter profit rose compared with a year ago.
The company says its profit attributable to common shareholders totalled $1.84 billion or 91 cents per share for the quarter ended Dec. 31. The result compared w…

Schachter’s Eye on Energy: Big Drop In Net Crude Imports Last Week Causes US Commercial Stocks To Decline. US Production Increases.

February 11, 2022February 11, 2022 by EnergyNow Media

Bonterra Energy Corp. Announces 2021 Reserves and Provides Operational Update

February 11, 2022 by EnergyNow Media

CALGARY, AB, Feb. 10, 2022 /CNW/ – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce the summary results of its independent reserve report (the “Sproule Report”) prepared by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2021, while also providing an operational update on key fourth quarter highlights and recent … Read more

ARC Resources Ltd. Reports Record Year-end 2021 Results and Reserves

February 11, 2022 by EnergyNow Media

CALGARY, AB, Feb. 10, 2022 /CNW/ – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its fourth quarter and year-end 2021 financial and operational results as well as its year-end 2021 reserves. 2021 was a transformative year for ARC, marked by the acquisition of Seven Generations Energy Ltd. (“Seven Generations”), which closed on April 6, 2021 (the “Business Combination”). … Read more

Setting the Record Straight on Anti-Oil and Gas Media Stories – See the Latest Misinformation Here

February 11, 2022 by EnergyNow Media

ACTIVIST CLAIM: Foreign-funded Stand.earth and other ENGO groups push investors in Coastal GasLink to divest from project claiming human rights violations and climate change. THE FACTS: Investing in Canadian energy means supporting our Indigenous partners and their communities, being a leader in carbon tech, and creating Canadian jobs. THE SOURCES: 150+ Organizations Demand Banks Defund Coastal GasLink, … Read more

Enbridge Gas binding open season for peak storage service at Dawn Hub

February 10, 2022 by EnergyNow Media

February 10, 2022 PR Newswire CHATHAM, ON – Enbridge Gas is holding a binding open season for peak storage services at the Dawn Hub storage facility starting as early as April 1, 2022. Shippers seeking access to flexible, customized premium storage for peaking service needs can submit bids of up to 1 BCF for a minimum term of … Read more

Tamarack Valley Energy announces closing of first sustainability-linked note issuance in the North American oil & gas producer space

February 10, 2022 by EnergyNow Media

February 10, 2022 CALGARY, AB – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) announces that it has successfully closed the previously announced private placement offering (the “Offering“) of $200 million aggregate principal amount of 7.25% senior unsecured sustainability-linked notes due May 10, 2027 (the “Notes“). The Company intends to use the net proceeds of the Offering to fund a … Read more

Report: Energy Transition Analytics & Market Outlook by Reuters Events with bp, Enel, Chevron & more

February 10, 2022 by EnergyNow Media

To deliver on climate goals, while also meeting an ever-growing demand, the energy sector must accelerate innovation at scale, a dual challenge that will create new opportunities for clean technology. Hot off the press, Reuters Events’ Energy Transition Market Insight Report delivers you with an actionable guide to the status of net zero within Europe, … Read more

Analysis: After oil, gas and coal, global fuel shortage spreads to diesel

February 10, 2022 by EnergyNow Media

LONDON, Feb 10 (Reuters) – Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of gas, coal and crude oil soaring. At a time when global central banks are fretting over inflation rates not seen … Read more

Oil Steadies as U.S. Stockpiles Shrink, Iran Diplomacy in Focus

February 10, 2022 by EnergyNow Media

Feb 10, 2022 (Bloomberg) Oil was steady with dwindling U.S. inventories and roaring demand offset by the potential return of supplies from Iran.Futures in New York traded near $90 a barrel on Thursday after rising 0.3% in the previous session. U.S. crude stockpiles fell by about 4.8 million barrels last week, according to government data, with … Read more

Precision Drilling Corporation Announces 2021 Fourth Quarter and Year-End Unaudited Financial Results

February 10, 2022 by EnergyNow Media

February 10, 2022 CALGARY, Alberta, Feb. 10, 2022 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this … Read more

CASE STUDY: Casing Expansion For Improved SCVF Source Identification

February 10, 2022February 10, 2022 by EnergyNow Media

Essential to successful and cost-effective Surface Casing Vent Flow shut-off is the accurate and timely identification of the source of the leaking gas and the determination of wellbore conditions on outside of the production casing. The traditional process of sealing vent flows with perforating and cement squeezes has a low success rate. This is due … Read more

Precision Drilling reports fourth-quarter loss, revenue up 46% from year ago

February 10, 2022February 10, 2022 by The Canadian Press

CALGARY — Precision Drilling Corp. says it lost $27.3 million in the fourth quarter of 2021 compared with a loss of $37.5 million a year earlier as its revenue rose 46 per cent.
The company says the loss for the quarter ended Dec. 31 was $2.05 per dil…

Black & Veatch Awarded Front End Engineering and Design for Proposed Floating Liquefied Natural Gas Project in British Columbia

February 10, 2022February 10, 2022 by EnergyNow Media

floating lng facility feb 09 2022 1200x810

OVERLAND PARK, Kan.–(BUSINESS WIRE)–Feb 9, 2022 With its abundant natural gas supply, Canada’s British Columbia is seeing increased investment in liquefied natural gas (LNG) infrastructure as the world accelerates low- and zero-carbon energy resources. In advancing this effort, Black & Veatch performed the pre-FEED study and now proceeds with full FEED to deliver the proposed Cedar LNG … Read more

COMMENTARY: America is Now the World’s Largest LNG Exporter While Canada Exports the Same as 2014…ZERO

February 11, 2022February 10, 2022 by EnergyNow Media

At one time, 13 LNG facilities were proposed in B.C., and five in and Central and Atlantic Canada. Canada’s extended regulatory timelines and complicated legal system have become roadblocks to international investment. Reference: context.capp.ca/articles/2022/commentary-america-is-now-the-worlds-largest-lng-exporter/ By Jack Middleton In 2015, the United States and Canada shared similar profiles in the natural gas market: both were energy … Read more

Alberta government seeking compensation from U.S. over cancelled Keystone XL pipeline

February 10, 2022February 10, 2022 by The Canadian Press

CALGARY — Alberta is seeking compensation from the U.S. government in the wake of President Joe Biden’s cancellation of the Keystone XL pipeline’s permit.
The provincial government says it has filed a notice of intent to launch a claim under legacy ru…

Taxpayer’s Federation Applauds Conservative’s Opposition to Punitive Carbon Tax

February 10, 2022February 10, 2022 by EnergyNow Media

OTTAWA, ON: The Canadian Taxpayers Federation is applauding the Conservative Party’s renewed opposition to the carbon tax. “Carbon taxes cost Canadians a lot of money, but aren’t working and that’s exactly the kind of policy the Official Opposition should be opposing,” said Franco Terrazzano, Federal Director of the CTF. “Inflation is one of the key economic … Read more

Canada leads the world in methane emissions reduction – New technologies helping meet climate targets

February 10, 2022February 10, 2022 by EnergyNow Media

By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Global interest in reducing methane emissions from oil and gas is rising, but in Canada it’s been an area of focus — and success — for nearly two decades. According to CEC research, Canada’s methane emissions fell by 16 … Read more

$2.14M investment announced to support energy transition collaboration between UCalgary ecosystem and energy industry Energy Transition Centre in downtown Calgary will support clean energy startup companies

February 9, 2022 by EnergyNow Media

Energy Transition Centre in downtown Calgary will support clean energy startup companies The Energy Transition Centre (ETC) in downtown Calgary will support clean energy startup companies by delivering programming specific to investing, accelerating, and commercialization. Here is a sneak peek at some of the key programs being planned: Ignite: Facilitates large-scale engagement of industry professionals … Read more

Petronas Plans Clean Energy Business Unit in Global Shuffle

February 9, 2022 by EnergyNow Media

Feb 9, 2022 (Bloomberg) Malaysia’s national oil company Petroliam Nasional Bhd. is setting up a business unit focusing on clean energy solutions as part of a global operational shuffle. Petronas Chief Executive Officer Tengku Muhammad Taufik announced the changes in a two-hour long internal townhall on Tuesday, according to recording of the meeting reviewed by Bloomberg. … Read more

Birchcliff Energy Ltd. Announces Unaudited 2021 Full-Year and Fourth Quarter Results and 2021 Reserves Highlights

February 9, 2022 by EnergyNow Media

February 09, 2022 CALGARY, Alberta, Feb. 09, 2022 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2021 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2021. “2021 was a record year for all of Birchcliff’s … Read more

Oil Swings Above $90 Caught Between Tight Market and Iran Talks

February 9, 2022 by EnergyNow Media

Feb 9, 2022 (Bloomberg) Oil fluctuated as traders weighed a continued bout of market strength against risks to the current rally, including the addition of supplies from Iran.Futures in London shifted between a little over $91 and $90, after a tumultuous start to the week that has seen prices retreat after hitting multiyear highs. Crude futures, … Read more

Canadian Crude Inventories Shrink in Threat to U.S. Supplies

February 9, 2022 by EnergyNow Media

(Bloomberg) Canadian crude inventories are dwindling as oil-sands producers prepare to shut some operations for maintenance, potentially adding to U.S. supply woes Crude stockpiles in Western Canada have fallen by more than 14 million barrels since early November, to less than 25 million at the end of January, according to Wood Mackenzie data. At about 36% … Read more

Canadian Taxpayer Funded CBC Set to Help Fund & Broadcast “Anarchist’s” Documentary About Coastal GasLink Pipeline

February 9, 2022February 9, 2022 by EnergyNow Media

Filmmaker Franklin Lopez has a history of platforming videos that are one-sided and promote violence By Shawn Logan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Canada’s national broadcaster has confirmed it will air and help fund a documentary on the conflict over the Coastal GasLink pipeline (CGL), a film being … Read more

XI Technologies: Assessing problems and mitigating risks when drill planning

February 9, 2022 by EnergyNow Media

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. With commodity prices rising, so is the prospect of a surge in … Read more

FREE REGISTRATION BEFORE FEB 15: Disaster Management Directory – Global Affairs Canada

February 9, 2022 by EnergyNow Media

energy now linkedin banners (1200x627) dis manage

The Government of Canada, led by the Regional Office of Alberta and the Northwest Territories of the Trade Commissioner Service, is developing a directory of Alberta companies that are developing and delivering innovative disaster management solutions. Alberta companies are invited to participate in the directory if their products or services are designed for export, and … Read more

Introduction to Carbon Capture and Storage (CCS) Technology

February 11, 2022February 9, 2022 by EnergyNow Media

Carbon Capture and Storage (CCS) has become top of mind in oil and gas, energy policy, and sustainability conversations worldwide. But few, apart from the geologists and engineers who work directly in CCS, understand what it is. This article will be the second in our series on “What is CCS” and will serve as an … Read more

GeoVerra appoints new Vice-President, Geospatial and Advanced Technology, demonstrating its position as a progressive industry leader.

February 9, 2022 by EnergyNow Media

Edmonton, AB (February 8, 2022) – On Monday, February 7, GeoVerra, one of Canada’s largest geomatics firms, announced the appointment of Mohamed Attia as the Company’s new vice-president of geospatial and advanced technology. This move demonstrates GeoVerra’s commitment to technology across all aspects of the business. “Unmanned aerial vehicles, 3D laser scanners, and mobile mapping are … Read more

International comparisons show Canada doing its part to reduce methane emissions

February 9, 2022February 9, 2022 by EnergyNow Media

Canada’s methane emissions intensity from oil and gas among the lowest of major energy producers By Ven Venkatachalam and Lennie Kaplan Refinery gas plant in Alberta’s foothills. Getty Images photo Download the PDF here Download the charts here Executive Summary Methane emissions result from both human activities and natural sources. Methane emissions contribute to overall greenhouse gas (GHG) emissions. Methane … Read more

Setting the Record Straight on Anti-Oil and Gas Media Stories – See the Latest Activist Claim

February 9, 2022February 9, 2022 by EnergyNow Media

ACTIVIST CLAIM: Fringe anti-Coastal GasLink protestors call on the UN to intervene in Canada on behalf of Indigenous rights. THE FACTS: All elected Indigenous councils along Coastal GasLink support the project – Indigenous communities must be empowered to make their own decisions, not dictated to by international organizations. THE SOURCES: MILITARIZATION OF WET’SUWET’EN LANDS AND CANADA’S … Read more

Canada’s Oil M&A Flurry Seen Giving Buyers Upper Hand in Dealmaking

February 9, 2022February 9, 2022 by EnergyNow Media

February 8, 2022 A rally in oil prices to over seven-year highs is leading to a flurry of asset sales in Canada as energy companies cash out of low margin assets, but the rush of deals could turn it into a buyers market, bankers and company executives said. U.S. crude prices have rallied for seven … Read more

Pine Cliff Energy Ltd. Announces 2021 Year-End Reserves and Provides Operations Update and 2022 Guidance

February 8, 2022 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – February 8, 2022) – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) announces its 2021 year-end reserves and provides an operations update and 2022 guidance. Reserve Report Highlights Pine Cliff’s independent reserve report was prepared by McDaniel & Associates Limited (“McDaniel“) in accordance with National Instrument 51-101 Standards of … Read more

Heavy crude discount tightens slightly

February 8, 2022 by EnergyNow Media

February 8, 2022 Canadian heavy crude’s differential to benchmark West Texas Intermediate (WTI) crude tightened on Tuesday. Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta last traded at $13.90 per barrel below the WTI benchmark, according to NE2 Canada Inc, having settled at $14.10 per barrel below the U.S. crude … Read more

Crew Energy Announces Year End 2021 Reserves Highlighted by a 70% Increase in Value and Record Increase in Proved Developed Producing Reserves

February 8, 2022 by EnergyNow Media

February 08, 2022 CALGARY, Alberta, Feb. 08, 2022 (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 provide highlights from our year-end independent corporate reserves evaluation prepared by Sproule Associates … Read more

Spanish oil major Repsol looking to sell parts of its Canadian assets

February 8, 2022 by EnergyNow Media

Feb 7 (Reuters) – Spanish oil major Repsol SA (REP.MC) is considering putting some of its Canadian assets for sale later this year as it looks to reap the benefits of higher oil and gas prices, four sources told Reuters on Monday. Repsol is seeking buyers for its holdings in the Duvernay basin, in western Canada, which … Read more

Enterprise Group Announces Results for the Fourth Quarter of 2021

February 8, 2022 by EnergyNow Media

St. Albert, Alberta–(Newsfile Corp. – February 8, 2022) – Enterprise Group, Inc. (TSX: E) (the “Company” or “Enterprise”), a consolidator of services to the energy sector that is focused primarily on specialized equipment rental, today released its Q4 2021 and FY 2021 unaudited results. Increased capital spending in the energy industry combined with colder weather … Read more

Petronas Energy Canada CEO to depart for Malaysia

February 8, 2022February 8, 2022 by The Canadian Press

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CALGARY — Petronas Energy Canada Ltd. has announced a leadership change.
The Calgary-based natural gas company, a subsidiary of state-owned Malaysian energy giant Petronas Global, says its president and CEO Mark Fitzgerald will transfer to Kuala Lumpu…

Hemisphere Energy Provides Operations Update with Four New Wells on Production

February 8, 2022 by EnergyNow Media

Vancouver, British Columbia–(Newsfile Corp. – February 8, 2022) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to announce an update on its operations. During the first half of January, Hemisphere brought four new Atlee F pool wells online that had been drilled at the end of the fourth quarter. Corporate production … Read more

Factbox: Big Oil’s Climate Targets

February 8, 2022 by EnergyNow Media

Feb 8 (Reuters) – The world’s top oil and gas companies have set varying targets to reduce greenhouse gas emissions from their operations and the use of the products they sell. Some companies, including BP, Norway’s Equinor and Spain’s Repsol, aim to reduce some or eliminate all of their emissions in absolute terms by 2050. … Read more

LNG market dynamics may be shifting to geopolitical drivers

February 8, 2022 by EnergyNow Media

LAUNCESTON, Australia, Feb 8 (Reuters) – The global liquefied natural gas (LNG) market is experiencing a short-term shift as Europe sucks up cargoes amid a winter shortage of the fuel, but the long-term implications of the current crisis stand to reshape the industry. Europe’s imports of LNG hit a record high in January as the … Read more

Oil Extends Decline With Geopolitical Tensions Seen Easing

February 8, 2022 by EnergyNow Media

Feb 8, 2022 (Bloomberg) Oil fell sharply as traders weighed the risks to the market’s recent rally, including a potential de-escalation in tension over Ukraine and the resumption of Iran nuclear talks. Futures in New York declined as much as 2.5%. French President Emmanuel Macron said that he got assurances from his Russian counterpart Vladimir … Read more

Cenovus reports Q4 loss due to $1.9B one-time charge, revenue and production up

February 8, 2022February 8, 2022 by The Canadian Press

CALGARY — Cenovus Energy Inc. reported a fourth-quarter loss of $408 million as it took a $1.9-billion one-time non-cash impairment charge related to its U.S. refinery business.
The company, which completed its takeover of Husky Energy at the start of…

Cenovus announces 2021 fourth-quarter and full-year results

February 8, 2022February 8, 2022 by EnergyNow Media

CALGARY, Alberta, Feb. 08, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered record oil sands production in the fourth quarter of 2021, contributing to total upstream output of more than 825,000 barrels of oil equivalent per day (BOE/d)1 and almost 792,000 BOE/d1 for the full year. The company generated fourth-quarter cash from operating … Read more

The Green Hydrogen Dream and Some Realities – Irina Slav

February 8, 2022 by EnergyNow Media

by Irina Slave More from Irina Slav Green hydrogen — one of the buzziest buzzwords in the green family — has become something of a media magnet hese days. A few years ago the buzz was all about wind and solar but in the past couple of years green hydrogen has staked its very own … Read more

Energy Auctions & Brokerage Inc. is Very Excited to Announce Dynamic Well Control (DWC) is Acquiring the Complete Assets/Shares of Superior Fire Control

February 8, 2022February 8, 2022 by EnergyNow Media

Energy Auctions & Brokerage Inc. is very excited to announce Dynamic Well Control Inc (DWC) is a acquiring the complete assets/shares of Superior Fire Control Ltd. Energy Auctions extends a huge thank-you to Rob, Audrey & Sara Engler of Superior Fire Control for the trust and allowing Energy Auctions to participate in this important process. … Read more

Natural Law announces plan to seek compensation over Keystone expansion cancellation

February 8, 2022February 8, 2022 by EnergyNow Media

February 7, 2022 Traditional Treaty Territory of 6, 7 & 4 – Natural Law, a sovereign organization which represents many sovereign members and Nations, intends to pursue a claim in challenging U.S. President Joe Biden’s cancellation of the Keystone XL pipeline under the United States–Mexico–Canada Agreement (USMCA) or through their Treaty and other rights as original sovereign … Read more

Are People Giving Up on the Five-Day Office Week?

February 8, 2022February 8, 2022 by EnergyNow Media

Feb 7, 2022 (Bloomberg) For the vast majority of desk-based staff, the Monday to Friday commute has disappeared forever. With pandemic restrictions in the U.K. largely gone, offices are getting busier. Yet vast numbers of desks still remain empty. Even with Covid-19 case numbers flat or falling in the U.K., U.S. and much of Europe, many employees are still actively … Read more

Crescent Point Energy Seeks Buyer for Western Canada Oil Assets

February 8, 2022February 8, 2022 by EnergyNow Media

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(Bloomberg) Canadian light oil producer Crescent Point Energy Corp. is looking to sell a package of lands in Alberta and Saskatchewan that was producing 11,154 barrels of oil equivalent per day as of the fourth quarter of 2021.Crescent Point hired National Bank Financial to market the lands, according to documents obtained by Bloomberg News. The … Read more

PrairieSky Announces Record Quarterly Funds From Operations, 2021 Annual Results and 33% Dividend Increase

February 7, 2022 by EnergyNow Media

February 07, 2022 CALGARY, Alberta, Feb. 07, 2022 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce fourth quarter (“Q4 2021“) and year end operating and financial results for the period ended December 31, 2021. PrairieSky is also pleased to announce a 33% increase in its annual dividend … Read more

News Release: CTF lays out plan to balance the federal budget in 2023-24

February 7, 2022 by EnergyNow Media

OTTAWA, ON: The Canadian Taxpayers Federation outlined its plan to balance the federal budget in 2023-24, which was presented to the Standing Committee on Finance. “The federal government could balance its budget in 2023 by returning to pre-pandemic spending, which was already at all-time highs,” said Franco Terrazzano, Federal Director of the CTF. “A balanced budget means less … Read more

Carbon Capture and Digital Innovation – Geoffrey Cann

February 7, 2022 by EnergyNow Media

By Geoffrey Cann Carbon capture and storage (CCS) is the reverse of an integrated liquified natural gas export project. Here’s how digital makes CCS projects more valuable. CCS Is The Mirror Image of LNG In the drive to decarbonize their economies, few nations have the capital and borrowing capacity to completely replace their existing energy … Read more

Oil Fluctuates With Stellar Rally Taking a Breather

February 7, 2022 by EnergyNow Media

(Bloomberg) Brent oil eased following a run of seven weekly gains that’s pushed crude to the highest level since 2014. Futures in London lost 0.8% after earlier touching $94 a barrel. Marathon Petroleum Corp.’s 593,000 barrel-a-day Galveston Bay refinery in Texas was shut after cold weather. Oil product markets surged after the news, with heating oil … Read more

Obsidian Energy Announces 2021 Reserves Value Increase of over 50 Percent with Year-End Reserves Report

February 7, 2022 by EnergyNow Media

Reserve values increased by more than 50 percent across all categories with total proved plus probable of approximately $1.8 billion (net asset value, before-tax, discounted at 10 percent) Reserve replacement of 214 percent, 310 percent and 317 percent of 2021 production on a proved developed producing, total proved and total proved plus probable basis, respectively … Read more

WEBINAR: ASME Boiler Code Requirements & Recommendations for Drum Level Instrumentation- Details Here

February 7, 2022 by EnergyNow Media

Event Details: Wednesday, February 23, 2022 @11am EST. Register: https://bit.ly/3ujeyAu Changes went into effect January 1st for the 2022-2023 Code. This educational webinar will provide you with the latest requirements and recommendations for drum level instrumentation, and help you maintain a safe workplace for your employees while protecting your plant assets. Topics will include: ASME Boiler … Read more

WATCH VIDEO: All-in-One Operations Platform. Operations Your Way.

February 7, 2022 by EnergyNow Media

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

AMGAS Offers Turnaround and Shutdown Solutions with Years of Experience as Industry Leader

February 7, 2022 by EnergyNow Media

At AMGAS we understand that scheduled maintenance in plants, facilities and refineries is critical for the success of our partners to ensure their day-to-day operations run successfully year-round. AMGAS recognizes the value to our partners in achieving desired results in safety and environmental impact while achieving adherence to budget and desired timelines. To assist with … Read more

Ottawa files court brief supporting Enbridge Inc. in Line 5 dispute with Michigan

February 7, 2022February 7, 2022 by The Canadian Press

WASHINGTON — The federal government is once again urging a Michigan judge to keep Line 5 operating while it works with the United States on negotiating an end to the impasse over the controversial cross-border pipeline.
Gordon Giffin, the former U.S….

U.S. drillers add oil and gas rigs for fifth week in a row

February 7, 2022February 7, 2022 by EnergyNow Media

February 4, 2022 U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time since November as crude prices extended their rally to a seventh week to levels not seen since 2014, prompting drillers to seek more oil. The oil and gas rig count, … Read more

Gasoline prices breaking records as crude oil tops US$90 a barrel

February 7, 2022February 7, 2022 by The Canadian Press

CALGARY — Gasoline prices across Canada shattered an all-time record high on Friday, as crude prices soared above US$90 per barrel and North American refineries worked full throttle to keep up with demand.
The national average retail fuel price sat at…

DO YOU NEED A REMOTE OR RURAL “SMARTSITE”? – Everything Connected, Everything Managed

February 7, 2022February 7, 2022 by EnergyNow Media

We work hard to understand our customer’s needs and engineer solutions to deliver the best Quality of Experience (QoE) to ensure we are meeting budgets and timelines. Learn more by visiting www.galaxybroadband.ca About Galaxy Broadband Galaxy as a company is 100% dedicated to communications solutions in remote hard-to-reach areas. More satellite space spectrum under long-term … Read more

Canada Weekly Rig Count Up 1 for Week Ending February 4, 2022

February 7, 2022February 7, 2022 by EnergyNow Media

Canada’s drilling rig count is up 1 active drilling rigs according to data collected by Baker Hughes for the week ending February 4, 2022. From one week ago, Alberta rig counts increased 2 to 166 and the Saskatchewan rig counts decreased 1 to 32. Oil drilling increased 1 to 136 and gas stayed at 82.

Global oil and gas megaprojects going ahead while Canada misses out

February 7, 2022February 7, 2022 by EnergyNow Media

Spending in Australia and the Middle East expected to stand out in 2022 By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Pluto LNG terminal in Western Australia. Photo courtesy Woodside Petroleum New oil and gas megaprojects around the world are getting the green light as … Read more

The World Needs Canada LNG – Severe Energy Supply Shortages in Europe Point to a Need for Canadian Infrastructure & Reliable Exports of Our Natural Gas

February 7, 2022February 7, 2022 by EnergyNow Media

CALGARY, AB, Feb. 4, 2022 /CNW/ – As severe energy shortages mount in Europe, Canada’s role as a progressive, reliable global energy supplier could be part of the energy solution, a Canadian grassroots coalition spokesperson says. But this would require Canada to take control of its own economic destiny, to build sufficient pipeline, processing and shipping infrastructure, and to get fair value … Read more

Collicutt Energy Services Becomes Alberta’s Distributor of MTU/Rolls Royce Onsite Energy for Diesel Generators

February 7, 2022February 6, 2022 by EnergyNow Media

Collicutt Energy Services is proud to announce that as of January, 2022, they are Alberta’s distributor for MTU/Rolls-Royce Onsite Energy for diesel power generation. This partnership now allows Collicutt to offer their clients both diesel and natural gas power generation options, meeting more client needs by providing them with more variety, reliability and customer assistance. … Read more

NOW ON! – Fuelled Auctions Announces No/Low Reserve OTSG Equipment Online Auction – Details Here

February 6, 2022February 6, 2022 by EnergyNow Media

Fuelled Auctions is pleased to announce that we will be holding a no/low reserve online auction commencing February 7th, 2022 and ending February 14th, 2022. Register for and view auction here: Fuelled Auctions OTSG February 7 The focus of this auction will be to liquidate the remaining equipment at an OTSG Pilot Facility located in … Read more

LAST CALL TO JOIN THE DIGITALIZATION IN OIL & GAS CANADA CONFERENCE AGENDA

February 5, 2022February 5, 2022 by EnergyNow Media

The 7th Annual Digitalization in Oil and Gas Canada Conference (April 27-28, 2022, Hotel Arts Calgary/Live Streamed) is finalizing its agenda, and this is a final chance for you to join the program. Speaking Opportunities Key topics covered in this conference will include: Edge Technologies, Blockchain, Digital Twins, IoT, Machine Learning, AI and Cleantech/ESG. If you want to speak … Read more

WATCH: Why Renewables Can’t Save the Planet | Michael Shellenberger | TEDxDanubia

February 5, 2022February 5, 2022 by EnergyNow Media

EnergyNow revisits this TEDx event with environmentalist and energy expert, Michael Shellenberger Environmentalists have long promoted renewable energy sources like solar panels and wind farms to save the climate. But what about when those technologies destroy the environment? In this provocative talk, Time Magazine “Hero of the Environment” and energy expert Michael Shellenberger explains why … Read more

Heavy crude discount widens for fourth day

February 4, 2022 by EnergyNow Media

Canadian heavy crude’s differential to benchmark West Texas Intermediate (WTI) crude widened for a fourth straight day on Friday. Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta, was trading at $14.10 per barrel below the WTI, according to NE2 Canada Inc, having settled at $13.65 per barrel below the U.S. … Read more

Russia, China agree 30-year gas deal via new pipeline

February 4, 2022 by EnergyNow Media

Summary Russia already sells pipeline gas, LNG to China Gazprom to sell additional 10 bcm of gas to China Flows in new pipeline within three years, says source Russia at loggerheads with Europe over Ukraine Feb 4 (Reuters) – Russia has agreed a 30-year contract to supply gas to China via a new pipeline and … Read more

Oil to hit $100 on strong demand, Russia-Ukraine crisis – Strategists

February 4, 2022February 4, 2022 by EnergyNow Media

MUMBAI, Feb 4 (Reuters) – Crude oil prices are likely to rise above $100 per barrel due to strong global demand, market strategists said this week, citing a potential war between Russia and Ukraine as one of their top concerns for markets in 2022. Oil prices would gain if global supplies got disrupted, and as … Read more

U.S. Cements LNG Export Crown as Venture Global Fires Up Plant

February 4, 2022 by EnergyNow Media

(Bloomberg) Venture Global LNG began producing liquefied natural gas at its Calcasieu Pass plant in Louisiana, solidifying the U.S.’s position as the world’s top producer of the superchilled fuel. The $5.8 billion export facility began making LNG on Jan. 19, according to a Thursday filing with the Federal Energy Regulatory Commission. When it starts commercial service in … Read more

Oil Market Keeps Getting Stronger as Prices Power Through $92

February 4, 2022 by EnergyNow Media

Feb 4, 2022 (Bloomberg) Oil has rocketed to a fresh seven-year high near $92 a barrel, and almost every indicator is pointing to the rally extending.The market’s structure is trading at its strongest level in years, indicating scarce supply. Diesel — the fuel that helps power the global economy — is also surging as a cold … Read more

Oil Majors Are Close to Erasing All Losses Since Pandemic Began

February 4, 2022 by EnergyNow Media

European oil majors are erasing their pandemic slump as tensions between Russia and the West drive Brent crude above $92 a barrel. The Stoxx Europe 600 energy sub-index is outperforming all other sectors on Friday as crude heads for its seventh week of gains. Shell Plc, BP Plc and TotalEnergies SE led the rally, and the companies … Read more

Schachter’s Eye on Energy: Increased Preparation For War Between Russia And Ukraine Keep Crude Prices Up With Large Supply Interruption Premium.

February 4, 2022February 4, 2022 by EnergyNow Media

Parex Resources Announces Increase to PDP and 2P Per Share Reserves, Declaration of Increased Q1 2022 Dividend, and Provides NCIB Update

February 4, 2022 by EnergyNow Media

February 03, 2022 CALGARY, Alberta, Feb. 03, 2022 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is pleased to announce the results of its annual independent reserves assessment as at December 31, 2021, as well as provide an operational update. The Company also announces the declaration of a first quarter 2022 regular dividend … Read more

ROK Resources Inc. Announces Transformational $72 Million Acquisition of Sustainable, Producing, Oil-Weighted Assets, Including a Strategic Interest in the World-Class Weyburn CCUS EOR Project, and $75 Million in Financing

February 4, 2022 by EnergyNow Media

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES/ REGINA, SK, Feb. 3, 2022 /CNW/ – ROK Resources Inc. (“ROK” or the “Company“) (TSXV: ROK) is pleased to announce that it has entered into an arms-length definitive agreement to acquire certain oil & gas assets (the “Assets“), primarily in Saskatchewan and Alberta, from Federated Co-operatives Limited and … Read more

Heavy crude discount widens for third straight day

February 4, 2022February 4, 2022 by EnergyNow Media

February 3, 2022 Canadian heavy crude’s differential to benchmark West Texas Intermediate (WTI) crude widened on Thursday for a third straight day. Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta, was trading at $13.65 per barrel below the WTI benchmark, according to NE2 Canada Inc, having settled at $13.35 per … Read more

‘I Own This’ – Suncor Energy CEO Vows to Fix Safety, Operational Problems

February 4, 2022February 4, 2022 by The Canadian Press

CALGARY — Suncor Energy Inc. will adopt mining safety technology for the first time in the oilsands after a recent fatality that marked the company’s fourth workplace death since late 2020.
The change is among a series of efforts to improve safety at …

Suncor Eyes Sale of U.K. Oil Field Stake In Shift From North Sea

February 4, 2022 by EnergyNow Media

Feb 3, 2022 (Bloomberg) Suncor Energy Inc., already marketing its assets in Norway to potential buyers, will also “assess market interest” in part of its stake in the Rosebank oil field off the U.K., the company’s chief executive officer said. The Canadian oil giant holds a 40% interest in the Rosebank project, which is located about 80 miles … Read more

Kiwetinohk appoints new independent board members, deepens project delivery team

February 4, 2022 by EnergyNow Media

February 03, 2022 CALGARY, Alberta., Feb. 03, 2022 (GLOBE NEWSWIRE) — Kiwetinohk Energy Corp. (TSX:KEC) today announced the appointment of two new independent directors, Judith Athaide and John Whelen, effective February 3, 2022. Judith Athaide is a corporate director, entrepreneur, professional engineer and certified corporate director. She brings more than 30 years’ experience in the … Read more

SEE THE FACTS – ACTIVIST CLAIM: Foreign-funded environmental groups sue Alberta Premier Jason Kenney for inquiry into foreign-funded environmental groups

February 3, 2022 by EnergyNow Media

THE FACTS: All the groups suing Premier Jason Kenney received foreign funding according to the Alberta Inquiry. THE SOURCES: Environmental groups serve Alberta premier, government with defamation lawsuit Here’s some facts and sources to have a reasoned conversation about the Alberta Inquiry: Environmental Defence, West Coast Environmental Law, Stand.earth, Dogwood and the Wilderness Committee all received … Read more

First Nation capital investment partnership teams up with Enbridge to advance CO2 storage solutions

February 3, 2022 by EnergyNow Media

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February 3, 2022 EDMONTON, ALBERTA – Enbridge Inc. (TSX: ENB) (NYSE: ENB) and the First Nation Capital Investment Partnership (FNCIP) have reached an agreement to advance the proposed Open Access Wabamun Carbon Hub (the Hub) west of Edmonton. The Hub is being developed as an innovative combination of carbon transportation and storage solutions to support recently announced carbon capture … Read more

COMMENTARY: Crude oil remains hostage to OPEC+’s underperformance

February 3, 2022 by EnergyNow Media

LAUNCESTON, Australia, Feb 3 (Reuters) – The latest meeting of the OPEC+ group of oil exporters apparently took just 16 minutes to decide to stay on their current course. Perhaps they should have spent more time working out how they will actually meet their production targets. The Organization of the Petroleum Exporting Countries and allies … Read more

Oil Declines as Traders Digest OPEC+ Decision to Add Barrels

February 3, 2022 by EnergyNow Media

Feb 3, 2022 (Bloomberg) Oil retreated as traders waited to see whether OPEC+ can deliver on its latest promised increase in supply, while stock markets fell.West Texas Intermediate slid 1.4% after nearing $90 Wednesday, dragged down in part by softer risk sentiment in equities. While the Organization of Petroleum Exporting Countries and its allies agreed … Read more

Inter Pipeline Reports 2021 Preliminary Unaudited Year-End Results

February 3, 2022 by EnergyNow Media

CALGARY, AB, Feb. 2, 2022 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) today announced its preliminary unaudited results for the three and twelve-month periods ended December 31, 2021. During 2021, Inter Pipeline’s business achieved robust financial and operating results, reflecting the diligence and commitment of the commercial and operating teams, supported by a favourable commodity pricing environment. The … Read more

Yangarra Announces Financial and Operations Update & Year End Corporate Reserves Information

February 3, 2022 by EnergyNow Media

CALGARY, AB, Feb. 1, 2022 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX: YGR) announces financial and operations update and the results of its 2021 year-end oil and gas reserves evaluation. Financial Update (all numbers are unaudited and approximate) Fourth quarter production averaged 10,060 boe/d (44% liquids) generating funds flow from operations of $32 million ($0.38 per share). Capital spending for the fourth … Read more

Athabasca Oil Corporation Announces Preliminary Year-End Results, $32 Million Debt Repayment and Operations Update

February 3, 2022 by EnergyNow Media

February 02, 2022 CALGARY, Alberta, Feb. 02, 2022 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce its preliminary 2021 year-end results, $32 million (US$25 million) term note repayment and an operational update demonstrating momentum into 2022. Athabasca is uniquely positioned as a low leveraged company generating significant … Read more

IMPERIAL HELIUM CORP. CONFIRMS A NEW PROSPECTIVE ZONE IN THE STEVEVILLE STRUCTURE AND COMMENCES THE FIRST OF TWO PRODUCTION TESTS

February 3, 2022 by EnergyNow Media

February 03, 2022 Calgary, Alberta, Feb. 03, 2022 (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 asset (the “Steveville Asset”), which is collectively comprised of the Steveville Structure and Steveville East areas in Southeastern Alberta, is … Read more

Trans Mountain Completes First Section of Pipeline Expansion – Project Now More Than 45 Per Cent Complete

February 3, 2022February 3, 2022 by EnergyNow Media

Overall construction now more than 45 per cent complete By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Construction of the first segment of the Trans Mountain Pipeline Expansion is now complete, bringing Canadian oil producers one step closer to connecting more supply to growing demand in international … Read more

Suncor Energy swings to $1.5-billion profit on soaring crude prices

February 3, 2022February 3, 2022 by The Canadian Press

CALGARY — Suncor Energy Inc. says it earned $1.53 billion in the fourth quarter and achieved record adjusted funds fromoperations against the backdrop of soaring oil prices.
The Calgary-based oil producer and refiner reported after markets closed on W…

Oil Producer Enerplus to Leave Home Turf for U.S. Shale

February 3, 2022February 3, 2022 by The Canadian Press

CALGARY — Enerplus Corp. says it is looking to sell its Canadian assets later this year but will maintain its head office.
The Calgary-based company says it hopes a successful sales process for the seven per cent of its current production will conclud…

Environmental groups serve Alberta premier, government with defamation lawsuit

February 3, 2022February 3, 2022 by The Canadian Press

Five environmental organizations are following through on a threat to sue Alberta Premier Jason Kenney and the provincial government for defamation.
In documents filed today, the groups allege Kenney deliberately twisted the findings of a public inqu…

Enerplus provides fourth quarter 2021 operational update; initiates divestment process for Canadian assets; announces a change in its reporting currency and the presentation of production volumes

February 2, 2022 by EnergyNow Media

CALGARY, AB – Enerplus Corporation (“Enerplus” or the “Company”) (TSX: ERF) (NYSE: ERF) today announced preliminary fourth quarter and full year 2021 production and capital spending, along with plans to initiate a divestment process for its Canadian assets. In addition, the Company announced its intention to change its reporting currency to U.S. dollars and the future presentation … Read more

Suncor Energy Reports Fourth Quarter 2021 Results

February 2, 2022 by EnergyNow Media

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for production … Read more

Canadian Natural Resources Limited Provides an Update on Sustainability Reporting

February 2, 2022 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – February 2, 2022) – Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) (“Canadian Natural” or the “Company”) is providing an update on its 2021 sustainability reporting for Environmental, Social and Governance (“ESG”) performance. Canadian Natural has been producing its sustainability report, the Stewardship Report to Stakeholders, since 2004 to report on … Read more

Polling data confirms majority of Quebecers support zero-emissions gas projects

February 2, 2022 by EnergyNow Media

February 02, 2022 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, Feb. 02, 2022 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today the recent Quebec polling results on developing natural gas with new … Read more

Oil Sands on Path to Total Emissions Reductions

February 2, 2022 by EnergyNow Media

New analysis shows industry poised for major environmental improvement within the next five years By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Canada’s oil sands sector is poised for a major environmental improvement within the next five years. According to new analysis by consultancy IHS Markit, total … Read more

Oil Holds Near Seven-Year High as Traders Count Down to OPEC+

February 2, 2022 by EnergyNow Media

Oil held steady ahead of an OPEC+ meeting that may endorse another modest hike in output, with traders speculating that the actual increase delivered could again fall short of the headline figure. West Texas Intermediate was little changed near the highest level since 2014, after rallying 17% in January. Global benchmark Brent traded near $89 … Read more

OPEC+ Seen Hiking Supply Again Yet Data Shows It Struggling

February 2, 2022 by EnergyNow Media

Feb 2, 2022 (Bloomberg) OPEC and its allies are expected to approve another modest supply increase on Wednesday, yet new data showed the cartel still struggling to deliver on its pledges, a failure that has fanned a rally in global crude prices.The 23-nation coalition led by Saudi Arabia and Russia will likely rubber-stamp the nominal revival … Read more

Trudeau’s Tory Rival Erin O’Toole Could Quickly Become Political Roadkill

February 2, 2022 by EnergyNow Media

(Bloomberg) The leader of Canada’s main opposition Conservatives is fighting for his political life, with members of his own caucus seeking to oust him amid a long-simmering feud over the party’s direction.Erin O’Toole, who took the reins as leader in August 2020, has been attempting to quell a rebellion since failing to defeat Prime Minister Justin Trudeau in last … Read more

WATCH: Stress Engineering Celebrates 50 Years of Service!

February 2, 2022February 2, 2022 by EnergyNow Media

Follow along with us as we share all the history and all the memories from the last five decades. Starting our decade countdown, in this first episode are highlights from the past ten years 2021 – 2012. Work with Stress Engineering Services At Stress Engineering Services, we’ve been taking on technical challenges and delivering solutions … Read more

Polling data confirms majority of Quebecers support zero-emissions gas projects

February 2, 2022 by EnergyNow Media

XI Technologies: Taking a comprehensive approach to A&D – land, production, liabilities, and emissions

February 2, 2022 by EnergyNow Media

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. Last week, our Word to the Wise covered the emerging role for … Read more

The Future of Fossil Fuels

February 2, 2022 by EnergyNow Media

Exclusive interview with Charles McConnell, Executive Director, Carbon Management and Energy Sustainability at University of Houston & Former Assistant Secretary of Energy “We can pontificate about the energy transition and carbon reduction all we want,” says Charles Mcconnell, Executive Director, Carbon Management and Energy Sustainability at the University of Houston. “But if countries are short … Read more

Titanium Energy Services: Looking for Workers, Operators & Supervisors for Coiled Tubing, Pumping and/or Wireline Operations! – Details Here

February 2, 2022February 2, 2022 by EnergyNow Media

Are you an enthusiastic capable worker with a class 1 (or 3Q) driver’s licence, clean drivers and eligible to work in Canada? If so, would you be interested and willing to excel a challenging job, with a proficient team and develop a rewarding career in Coiled Tubing, with a company that takes safety and quality … Read more

ENERGYNOW INVITES YOU: Roseland West Texas Oil & Gas Convention – March 23 & 24, 2022 – Get Details & Your Complimentary Passes HERE

February 2, 2022 by EnergyNow Media

Please join us for the West Texas Oil & Gas Convention on March 23-24, 2022 in Midland, TX at the Horseshoe Pavilion. FREE REGISTRATION – CLICK HERE About the Roseland WTX 2022 We Offer You MORE Than Just Space on a Trade Show Floor! We promote our events with attendees in mind. We don’t simply … Read more

WATCH: How Mobile Technology Can Revolutionize Your Operations

February 2, 2022 by EnergyNow Media

Cenozon’s FIND – Field Integration and Navigation Data – provides a complete solution for managing field operations. As a mobile app, operators can bring a interactive GIS map of their operations into the field. The application can use GPS to provide turn-by-turn directions to an asset, and once there, provide a complete workflow form. Pigging, … Read more

KETEK: Helping You Get the Most Out of Your Pumps

February 2, 2022February 2, 2022 by EnergyNow Media

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Ketek has used, maintained and serviced pumps for more than 40 years There was a golf course near Ketek’s head office in Edmonton which was having problems moving water from its pump house to the higher elevations around the course. We pulled their pump out of the water and found it to be worn, rusty … Read more

Europe Faces Harsh Reality of Finding Russian Gas Irreplaceable

February 2, 2022February 2, 2022 by EnergyNow Media

Energy-rich countries from Qatar to Azerbaijan have all pledged emergency gas supplies to Europe, but the region is quickly figuring out it can’t replace top supplier Russia. Ongoing tensions over Ukraine and the threat of a potential conflict interrupting energy flows to Europe have overshadowed the continent’s gas market in recent weeks, causing volatile price swings. War … Read more

U.S. Interior Department approves $1.15B to clean up abandoned wells

February 2, 2022February 2, 2022 by The Canadian Press

The Department of Interior is spending $1.15 billion to cap abandoned oil and gas wells across the United States.
There are over 3 million abandoned oil and gas wells in the U.S., according to the Environmental Protection Agency. And In…

MEET THE NEW BOOM, DIFFERENT FROM THE LAST BOOM – Peter Tertzakian

February 2, 2022February 2, 2022 by EnergyNow Media

Produced by Peter Tertzakian More from the ARC Energy Research Institute The price of oil ‘has legs’, as they say. Running bulls are calling for another era of $100-plus. The last time we saw that number flicker on a quote screen was July 2014. Today’s market feels more like circa 2007. Robust oil and gas … Read more

ESG Investment: Virtue Signalling at its Best – Irina Slav

February 2, 2022February 2, 2022 by EnergyNow Media

by Irina Slav More from Irina Slav Three of the world’s biggest oil companies — BP, TotalEnergies, and Shell — won acreage in Scotland’s biggest offshore wind power tender in January. This should have pleased their ESG shareholders who have been pushing for greater climate-related commitments. But let’s pause for a moment. ESG is an abbreviation that’s … Read more

Increased oil and gas exports mean more jobs and income for Canadians

February 2, 2022February 2, 2022 by EnergyNow Media

Exports of oil and gas products are the life blood of the Canadian economy By Ven Venkatachalam and Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter From Europe to Africa to Asia, demand for oil and natural gas is soaring, pushing crude oil and natural gas prices to … Read more

PrairieSky Recognized as a Global Sustainability Leader in 2021 ESG Rankings

February 1, 2022 by EnergyNow Media

CALGARY, Alberta, Feb. 01, 2022 (GLOBE NEWSWIRE) PrairieSky Royalty Ltd. (TSX: PSK) (“PrairieSky” or the “Company”), Canada’s leading energy royalty business, is pleased to announce that it has once again received industry leading scores from several globally recognized rating agencies for 2021. These results demonstrate our carbon neutral status(1) and ongoing commitment to environmental stewardship, social … Read more

Headwater Exploration Inc. announces exploration success, fourth quarter production results and operational update

February 1, 2022 by EnergyNow Media

CALGARY, AB, Feb. 1, 2022 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce successful exploration well results, fourth quarter 2021 production details and a material expansion of its land base and prospect inventory. Highlights include: Q4 2021 average production of 10,400 boe/d consisting of 9,400 bbls/d of heavy oil and 6 mmcf/d of … Read more

Heavy crude discount widens on first day of trading cycle

February 1, 2022 by EnergyNow Media

Canadian heavy crude’s differential to benchmark West Texas Intermediate (WTI) crude widened on Tuesday, the first day of the monthly trading window. Western Canada Select (WCS) heavy blend crude for March delivery in Hardisty, Alberta, was trading at $13.30 per barrel below the WTI benchmark, according to NE2 Canada Inc, having settled at $13 per … Read more

Oil Holds Near 7-Year High as Traders Await OPEC+ Move on Supply

February 1, 2022 by EnergyNow Media

Feb 1, 2022 (Bloomberg) Oil held near a seven-year high as investors await OPEC+’s move at its meeting this week, while a blast of icy weather in the U.S. is threatening supply.West Texas Intermediate futures fell 0.2%, after the strongest performance in about a year last month. Crude’s recent surge has been supported by a tight … Read more

Imperial Oil raises dividend as high crude prices power Q4 profit, revenues

February 1, 2022February 1, 2022 by The Canadian Press

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CALGARY — Imperial Oil Ltd. is raising its quarterly dividend after higher crude oil prices contributed to a doubling of revenues and a big surge in fourth-quarter profit.
The Calgary-based oil company is increasing its quarterly dividend on April 1 b…

OPEC+ output misses cost almost $21 bln in lost revenue in 2021, data show

February 1, 2022 by EnergyNow Media

MOSCOW/LONDON, Feb 1 (Reuters) – OPEC+ missed its oil production target by more 800,000 barrels per day (bpd) on average last year, missing out on billions of dollars in revenues and hurting members of the group which have struggled to raise cash to invest, data seen by Reuters showed. Based on the average price of … Read more

Questerre announces study on new well completion technique to replace conventional frac’ing

February 1, 2022February 1, 2022 by EnergyNow Media

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS February 01, 2022 CALGARY, Alberta, Feb. 01, 2022 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today it has commissioned a report on a new completion technique … Read more

Freehold Royalties Ltd. Announces New Member of the Board

February 1, 2022 by EnergyNow Media

January 31, 2022 CALGARY, Alberta, Jan. 31, 2022 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX: FRU) is pleased to announce the appointment of Maureen E. Howe to the Board effective February 1, 2022. Ms. Howe is a corporate director with substantial finance and capital market experience as well as relevant public company experience. Formerly … Read more

The Freedom Convoy, Economic Censorship, and Bitcoin – Koleya Karringten

February 1, 2022February 1, 2022 by EnergyNow Media

By Koleya Karringten As thousands of truckers impacted by the Trudeau government’s new border vaccine mandates protest across the country, it raises important questions about economic tools of repression. The right to publicly protest unfair and wrongheaded government policies is one of the cornerstones of any democratic system. Attempts to ban protests are usually the … Read more

Analyzers and Measurement Technology – Credible Solutions for the Oil and Gas Industry

February 1, 2022February 1, 2022 by EnergyNow Media

Westech Industrial’s partner BARTEC BENKE has more than 60 specialists committed to monitor and optimize production processes in the oil and gas industry and accordingly to assure an efficient production of high-quality products. Westech’s and BARTEC’s knowledge and many years of experience form the basis of innovative and economical process analyzers, moisture analyzers and cooling … Read more

Applying Digital To The Carbon Conundrum Revisited – Geoffrey Cann

February 1, 2022February 1, 2022 by EnergyNow Media

By Geoffrey Cann Most, if not all, large energy companies now include climate change as a critical topic on the Board agenda. As managers, you may be wondering what your business can do about it. Here are some digital tools that can help. The Dilemma It’s possible to hold two opposite ideas at once and … Read more

FACT CHECK: Carbon tech still reduces emissions when used to make products like blue hydrogen from oil and gas – and the tech is only getting better.

February 1, 2022February 1, 2022 by EnergyNow Media

Setting the record straight on the day’s top anti-oil and gas media stories ACTIVIST CLAIM: GLOBAL WITNESS ‘REPORT’ ON HYDROGEN MADE WITH NATURAL GAS AND CARBON TECH CLAIMS INDUSTRY USING IT TO PROLONG OIL AND GAS DEVELOPMENT AND POLLUTE. THE FACTS: Carbon tech still reduces emissions when used to make products like blue hydrogen from oil and … Read more

Rising Geopolitical Tension and Demand Send Oil Price Outlook Soaring

February 1, 2022February 1, 2022 by EnergyNow Media

Summary Oil demand seen growing by 3-5 million bpd in 2022 OPEC+ likely to proceed with raising monthly output- analysts Jan 31 (Reuters) – Oil prices will build on a strong start to the year with geopolitical risks to supply complementing a strong demand rebound as fears over the impact of the Omicron coronavirus variant … Read more

Global Gas Demand Growth Hit by Europe’s Energy Crisis, IEA Says

February 1, 2022February 1, 2022 by EnergyNow Media

(Bloomberg) Global demand for natural gas will increase only marginally this year as declining use in Europe stifles a post-pandemic recovery in consumption of the fuel. Demand growth will slow to 0.9% after a 4.7% advance last year, the International Energy Agency said in its quarterly gas report. While use is expected to increase in … Read more

Exxon Mobil restructures into three divisions and packs up for Houston

February 1, 2022February 1, 2022 by The Canadian Press

NEW YORK (AP) — Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston.
The oil giant said Monday it will combine its chemical and ref…

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