Apr 29, 2022 (Bloomberg) Europe may be edging closer to a ban on Russian oil imports, but the OPEC+ alliance sees no need to divert from its long-established supply plan. With shipments continuing to flow from Moscow — and proving more resilient than many anticipated — delegates say the 23-nation group will likely ratify another modest production increase … Read more
Canada’s drilling rig count is down 6 active drilling rigs according to data collected by Baker Hughes for the week ending April 29, 2022. From one week ago, Alberta rig counts decreased 5 to 82 and the Saskatchewan rig counts decreased 1 to 1. Oil drilling decreased 3 to 45 and gas decreased 3 to … Read more
My letter to Canadian energy executives and to politicians who support the industry Jean-François Thibault Russia’s invasion of Ukraine, which began on February 24, has reignited the debate in Canada over Canadian oil and natural gas exports to Europe. Under the pretext of the risk posed by Europe’s (and in particular Germany’s) dependence on Russian gas, … Read more
CALGARY — High oil prices helped Imperial Oil Ltd. post its highest first-quarter profit in over 30 years Friday, though production at the company’s Kearl oilsands mine was less than anticipated due to extreme cold weather and unplanned downtime.
The …
CALGARY — The head of Canadian pipeline giant TC Energy Corp. says the company sees a future opportunity to get involved in providing small-scale nuclear power for Alberta’s oilsands.
Chief executive François Poirier told analysts on a conference call…
Apr 29, 2022 (Bloomberg) Oil is poised for a fifth monthly gain after another tumultuous period of trading that saw prices whipsawed by the fallout from Russia’s war in Ukraine and the resurgence of Covid-19 in China. West Texas Intermediate futures climbed to trade near $106 a barrel on Friday and are about 6% higher … Read more
Apr 28, 2022 (Bloomberg) Activist investor Elliott Investment Management LP is taking aim at Canadian oil producer Suncor Energy Inc., pushing the company to add five new directors and overhaul management to change a “slow-moving, overly bureaucratic corporate culture.”Elliott said the company should also look at selling its retail network of gasoline stations across Canada to … Read more
April 28, 2022 Calgary, Alberta – Suncor (TSX: SU) (NYSE: SU) today issued the following statement in response to the letter it received this morning from Elliott Investment Management L.P. (“Elliott”): The Suncor Board and management team have received the letter and materials from Elliott. Suncor appreciates the views of its shareholders and will take … Read more
Near misses can make systems safer and more reliable if they reveal previously hidden weaknesses and operators and regulators draw the right lessons from a narrowly avoided disaster. But they can also breed complacency if operators and regulators conclude there is no need to worry and assume their luck will continue to hold in future … Read more
REUTERS/Dado Ruvic/Illustration/File Photo April 29 (Reuters) – Canadian pipeline operator TC Energy (TRP.TO) reported a quarterly profit, compared with a year-earlier loss when it took C$2.2 billion in impairment charges related to the suspension of its Keystone XL pipeline project. TC’s Keystone XL oil pipeline, which was expected to carry 830,000 barrels per day of heavy crude … Read more
Connect with some of the best, boldest, and most innovative energy service & technology companies to explore our energy future. EnergyNow is hosting its annual Energy Innovation Month and Company Showcase from May 25th – June 25th, 2022. This month-long event will feature all of the latest innovation, technology, and research from experts across the … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline & infrastructure companies with regular updates. We also hold quarterly webinars and provide Action BUY … Read more
Oil sands producers jointly advancing global-scale project to reduce emissions By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Canada’s largest oil sands producers are “in full-scale development mode” on a major joint project designed to significantly reduce greenhouse gas emissions and propel the sector down … Read more
Only threat to the industry is policy that seeks to shut it down while still needed By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The idea of the need for a “just transition” for Canadian oil and gas workers is based on the false narrative … Read more
CALGARY — Activist investor Elliott Investment Management is seeking changes to the board of directors at Suncor Energy Inc. and is calling for a review of the company’s executive leadership.
In a letter to Suncor’s board on Thursday, Elliott said sha…
Part 3 of a 3-Part Sponsored Article Series brought to you by Hewlett Packard Enterprise and Powerland. If you are interested in reading Part 1 of the Article Series, please click here: Carbon is Now a Commodity Too Valuable to Overlook – Here’s Why If you are interested in reading Part 2 of the Article … Read more
Calgary, Alberta–(Newsfile Corp. – April 28, 2022) – Baytex Energy Corp. (TSX: BTE) (“Baytex”) reports its operating and financial results for the three months ended March 31, 2022 (all amounts are in Canadian dollars unless otherwise noted). “We remain focused on capital discipline, generating free cash flow and reducing debt. We also materially advanced our … Read more
April 28, 2022 WEST PALM BEACH — Elliott Investment Management L.P. (“Elliott”), which manages funds that have made an investment representing approximately a 3.4% economic interest in Suncor Energy Inc. (NYSE:SU) (the “Company” or “Suncor”),1 today sent a letter and presentation to the Board of Directors of Suncor. According to the letter, the purpose of the materials is … Read more
LONDON/DUBAI, April 28 (Reuters) – OPEC+ is likely to stick to its existing deal and agree another small output increase for June when it meets on May 5, six sources from the producer group told Reuters on Thursday, even as Russia expects its output to shrink further. The Organization of the Petroleum Exporting Countries (OPEC) … Read more
Apr 28, 2022 (Bloomberg) Germany has started preparations for a potential halt in Russian gas deliveries as concerns intensify amid a dispute over payment terms.Chancellor Olaf Scholz said on Thursday that preparations to limit Germany’s exposure to Russian energy imports were under way even before President Vladimir Putin ordered the invasion of Ukraine. While Russian … Read more
Apr 28, 2022 (Bloomberg) Plans for Sweden’s biggest solar park have been thrown into doubt after a local county rejected the application on grounds the land would be better used to help maintain the nation’s food supply.Privately-owned European Energy A/S had hoped to build a 168 megawatt site on pasture in Svedberga, Southern Sweden. But the … Read more
Apr 28, 2022 (Bloomberg) Oil traded near $103 a barrel as China’s spreading virus outbreak continued to weigh on the outlook for global demand.West Texas Intermediate futures have struggled for direction this week, erasing earlier losses to trade little changed on Thursday. Hangzhou is the latest Chinese city to start mass virus testing, while the nation’s top state-run … Read more
Apr 28, 2022 (Bloomberg) Whitecap Resources Inc., a Canadian conventional and shale driller, plans to increase natural gas activity in the second half of the year to capitalize on a surge in prices, Chief Executive Officer Grant Fagerheim said. The Calgary-based company will increase its gas-focused capital program, Fagerheim said Wednesday in a phone interview. … Read more
April 28, 2022 06:01 ET | Source: Precision Drilling Corporation CALGARY, Alberta, April 28, 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 … Read more
CALGARY, AB, April 27, 2022 /CNW/ – Yangarra Resources Ltd. (“Yangarra” or the “Company“) (TSX: YGR) announces its financial and operating results for the three months ended March 31, 2022. During the first quarter of 2022, Yangarra generated funds flow from operations of $39.8 million ($0.46 per basic share), while generating net income of $22.7 million ($0.26 per basic share). By maintaining a disciplined capital program and only … Read more
CALGARY — Precision Drilling Corp. reported a first-quarter loss as its revenue rose by nearly 50 per cent compared with a year ago, boosted by growing demand for its services.
The company also said it is increasing its 2022 capital spending plan to $…
April 27, 2022 CALGARY, Alberta, April 27, 2022 (GLOBE NEWSWIRE) — Prospera Energy Inc (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) (“PEI”) is pleased to provide its shareholders with the following corporate update summarizing the significant milestones achieved over the past 1.3 years. Prospera has now positioned itself to develop three large heavy oil fields (>42,000 … Read more
Vessel cleaning processes are long overdue for an update. As tank cleaning processes have advanced to zero entry and automated methods, vessel processes have remained largely the same. This is because they are smaller and pose their own set of unique challenges due to not only the size, but also the shape of this equipment. … Read more
CALGARY — The Canadian Association of Petroleum Producers has named Lisa Baiton as its new president and CEO.
Baiton replaces outgoing president and CEO Tim McMillan, who has led the oil and gas lobby group for the last eight years.
Baiton was most re…
ANCHORAGE, Alaska (AP) — Members of a U.S. House committee are seeking answers about a natural gas release at a ConocoPhillips Alaska drill site on Alaska’s North Slope.
The company earlier this month reported it had identified and contr…
by Irina Slav More from Irina Slav Note: The above term was coined by my friend Tom Kirkman in a conversation about the energy transition on LinkedIn. You have my profuse and eternal gratitude for this jewel, Tom. When a couple of months ago I decided to get really serious about this newsletter I started to … Read more
By Brittany Elves April 26, 2022 Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter After a two-year pandemic induced interruption, music festivals are back and bigger than ever, but it wouldn’t be possible to attend and enjoy these events without oil and gas. Over the past two weekends, hundreds … Read more
April 26, 2022 CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) together with the insight and involvement of our partner Nikola Corporation (Nasdaq: NKLA), is evaluating its plan for a hydrogen production hub on 140 acres in Crossfield, Alberta, where the Company operates a natural gas storage facility. The plan will be … Read more
Part 2 of a 3-Part Sponsored Article Series brought to you by Hewlett Packard Enterprise and Powerland. If you are interested in reading Part 1 of the Article Series, please click here: Carbon is Now a Commodity Too Valuable to Overlook – Here’s Why by Geoffrey Cann Industry professionals understand the mechanical aspects of emissions … Read more
April 27 (Reuters) – As Tesla’s profits and prices grabbed headlines last week, a potentially pivotal development for the global car industry flew largely under the radar. The U.S. electric pioneer disclosed that nearly half of the vehicles it produced in the first quarter were equipped with lithium iron phosphate (LFP) batteries – a cheaper … Read more
Summary Russian gas meets 40% of Europe’s gas needs Moscow casts sanctions as act of ‘economic war’ Poland and Sofia say Gazprom breached contracts EU says firms can pay without breaking sanctions Gas crisis fuels concerns about broad economic impact SOFIA/WARSAW, April 27 (Reuters) – Russia’s Gazprom (GAZP.MM) halted gas supplies to Poland and Bulgaria on Wednesday … Read more
April 27 (Reuters) – Canada’s Cenovus Energy Inc (CVE.TO) on Wednesday reported an over seven-fold jump in quarterly profit that surpassed Wall Street estimates and nearly tripled its dividend, as supply concerns boosted crude prices to multi-year highs. U.S-listed shares of the oil and gas producer , which have gained nearly 34% so far this year, … Read more
Apr 27, 2022 (Bloomberg) Oil edged higher after Russia cut natural gas supplies to Poland and Bulgaria, escalating Europe’s energy crisis.West Texas Intermediate traded above $102 a barrel after gaining 3.2% on Tuesday. European gas prices surged as much as 24% Wednesday after Russia halted flows to Poland and Bulgaria, making good on a threat to stop supply to countries … Read more
April 26, 2022 CALGARY, Alberta, April 26, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates. ABOUT PETRUS Petrus is a public Canadian oil and gas company focused on … Read more
The oil and gas sector is currently facing the most challenging business environment in recent years. With the increasing adoption of more stringent environmental regulations across Canada and the United States, operators are moving forward with the installation of technologies that serve a vital purpose: emission reduction. Operators rely on this emissions reduction equipment to … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. We recently published an overview of the Montney play focusing on ownership, … Read more
The Gussow 2022 Conference: Expanding Horizons will be dedicated to the exploration of opportunities for the geoscientist in the future energy, land, and water resources sectors of our world. This event will examine how we can expand our horizons and determine how we in the geoscience and engineering community can help transition our world … Read more
April 26, 202 Canada has overestimated how much using hydrogen could reduce greenhouse gas emissions over the next decade, potentially jeopardizing Ottawa’s ability to meet climate targets, a report from the Auditor General’s office said on Tuesday. Hydrogen is a low carbon fuel that policymakers hope will replace fossil fuels used in industry and heavy-duty … Read more
“Bringing Skip the Dishes to the Oil Field” with Shawn Martens: Co-Founder & VP of Operations at Ironsight Geoffrey sits down with Shawn Martens of IronSight, who developed a nifty technology to connect field service companies and their crews directly with their customers. Oil and gas companies (demand side) historically have collaborated with their service … Read more
We invite you to view this webinar on the power and value of pay-as-you-go technology for the oil and gas industry, brought to you by HPE and Powerland. Learn how using technologies such as HPE GreenLake can help relieve the resourcing pressures the oil and gas sector may face and can also aid businesses … Read more
Building Alberta’s hydrogen economy through the Hydrogen Centre of Excellence The Hydrogen Centre of Excellence will accelerate technology and innovation across the hydrogen value chain, closing innovation and support gaps to strengthen Alberta’s hydrogen economy. Its purpose is to provide innovation support across the entire hydrogen system, from production to end use.The centre will help … Read more
April 26, 2022 VANCOUVER, BC – Natural Resources Canada, Crown-Indigenous Relations and Northern Affairs Canada, Indigenous Services Canada. Across the country, Indigenous-led projects are growing local economies and creating good jobs, all while fighting climate change and keeping the land and air clean. The Government of Canada is investing in these projects to displace fossil fuels and advance … Read more
April 26, 2022 MONTREAL – The Russian invasion of Ukraine has upset the international political chessboard, with the ramifications of this war reaching as far as Canada. Indeed, according to an Ipsos poll commissioned by the Montreal Economic Institute, a strong majority of Canadians (72%) want us to export our vast energy resources to European countries, like Germany, that depend … Read more
WASHINGTON — The World Bank says commodity prices that reached historically elevated levels because of the war in Ukraine will remain high through the end of 2024.
The agency’s commodity markets outlook report released today says energy prices, food a…
By David Yager April 25, 2022 The opening sentence from my book reads, “That is what is supposed to happen when the world decarbonizes by switching away from fossil fuels. Massive economic dislocation and disruption. Did someone forget to tell you that?” Three years later the energy transition is not working out as advertised. We … Read more
Fuelled Auctions is pleased to announce that we will be holding a no/low reserve online auction commencing April 25th, 2022 and ending April 29th, 2022. Register for and view the auction here: Fuelled Auctions – April 2022 The focus of this auction will be to liquidate various types of equipment, ranging from High Voltage Electrical, … Read more
LONDON, April 25 (Reuters) – Portfolio investors purchased petroleum last week for the first time in four weeks, but overall positioning remained subdued by the high cost of margin and large uncertainties surrounding both crude supply and demand. Hedge funds and other money managers bought the equivalent of 14 million barrels in the six most … Read more
Apr 26, 2022 (Bloomberg) Big Oil is walking away from tens of billions of dollars of Russian assets, but $100 crude is easing the sting.The invasion of Ukraine forced the global supermajors to sever most of their ties with Moscow, while also sending oil and gas prices soaring. The outcome will be a first-quarter earnings season … Read more
Apr 26, 2022 (Bloomberg) Oil dropped below $98 a barrel in New York as investors assessed the impact of China’s rapidly spreading Covid-19 outbreak on the outlook for global demand.West Texas Intermediate futures lost 0.6%, having earlier risen as much as 1.3%. China’s central bank pledged to increase support for the economy as authorities in Beijing expanded virus testing to … Read more
(Bloomberg) The commodity boom is pushing Canada’s stock market to the forefront as investors seek safe havens amid escalating geopolitical risks, according to strategists at Bank of America Corp.The war in Ukraine has put a premium on resources that Canada’s stock market has in abundance, analysts led by Savita Subramanian said, recommending investors buy into the … Read more
by Irina Slave More from Irina Slav An interesting report came out last week from Reclaim Finance. Reclaim Finance is a campaign group promoting renewable energy and professionally criticizing organisations that continue to invest in oil, gas, and coal. Last week, Reclaim Finance had reason to be angry. According to its report, 30 global asset managers … Read more
A new report by think tank SecondStreet.org shows 23 examples of how government policies often lead to higher emissions. The examples span all three levels of government and cover a wide array of areas – from alcohol sales and pipelines to the aviation sector. “Governments often urge Canadians to reduce their emissions, but many government policies actually … Read more
Billionaire’s purchase would be one of the largest LBOs ever Musk touts social network as place for vital online debates Billionaire entrepreneur Elon Musk agreed to buy Twitter Inc. for $44 billion, using one of the biggest leveraged buyout deals in history to take private a 16-year-old social networking platform that has become a hub of public … Read more
CALGARY — TC Energy Corp. says it will partner with GreenGasUSA to explore development of a network of renewable natural gas (RNG) transportation hubs.
TC Energy says it will build, own and operate the RNG transportation hubs in several U.S. states al…
Apr 25, 2022 (Bloomberg) Optimism abounds about the future of wind power, with a clean-energy boom powering robust growth in an industry that businesses and governments agree is key to slowing climate change. But a nagging problem could keep the sector from fulfilling that promise: Turbine makers are still struggling to translate soaring demand into profit. … Read more
April 22, 2022 CALGARY, Alberta, April 22, 2022 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) is pleased to announce that at the special meeting of Cordy shareholders held today (the “Meeting“), the Corporation’s shareholders (“Cordy Shareholders”) passed a special resolution (the “Amalgamation Resolution“) approving the previously announced acquisition of Cordy by … Read more
One of the most challenging problems to solve in a cased producing wellbore is when the casing collapses or becomes distorted and out-of-round. Depending on severity and position of the distortion in the wellbore, casing deformation can render a wellbore worthless. So long as the well can still yield enough oil or gas to remain … Read more
Calgary, AB, April 21, 2022 – Westech Industrial Ltd. (Westech) and SunWize Power & Battery LLC are pleased to announce that Westech Industrial is now a proud partner for the Canadian Marketplace on their remote solar and back-up power products. SunWize Power and Battery expands Westech’s portfolio of alternative energy sources for backup power solutions. … Read more
Spring breakup is coming, and it looks like roads in Oil country will be reopening early this year. Prices are strong, so there will be more activity than in recent years. But supply chain issues aren’t going away. All this adds up to one reality. Get your bending orders in now for whatever you’ve got … Read more
Thousands of industrial workers work with or near chemicals and hazardous fluids every day. Even with the best safety practices in place, incidents involving chemical splashes and spills can still occur. The first 10 to 15 seconds after exposure to a hazardous substance are crucial. A delay in response is not an option and having … Read more
Ventbuster Instruments has filled the technology gap with its Ventbuster®. A revolutionary advancement in continuous SCVF monitoring. The patented flow channel is the only technology on the market that precisely measures continuous and intermittent venting emissions. Making its commercial debut in late 2019, the Ventbuster® has been growing in popularity thanks to its unmatched ability … Read more
FlareTech is known to have one of the best retractable pilot systems on the market. We are continually retrofitting our competitors’ flare stacks with our systems. No matter the style or size of the flare, we can find a solution for your pilot system. A pilot is a continuous source of waste gas ignition; … Read more
Does your company have an Environmental Social Governance (ESG) policy? Can you provide investors, banks, insurance companies, and your customers with the information they need about your ESG strategy? We’re now in a pivotal moment in ESG, where essential frameworks and capacity are becoming critical for advancement. Environmental, social, and governance criteria reflect the standards … Read more
Apr 25, 2022 Oil fell at the start of the week on concerns that a spreading Covid-19 outbreak in top consumer China will weigh on global demand. West Texas Intermediate futures slid almost 5% to trade below $98 a barrel amid a rout in stocks and other raw materials. Rising cases in Beijing sparked jitters about an … Read more
Woodfibre LNG will have the lowest emissions of any liquefied natural gas export plant in the world By Deborah Follow Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The future is looking brighter for Canada’s emerging LNG industry, with a second project, Woodfibre LNG, getting the green light to go … Read more
What’s on Elon Musk’s mind? In this exclusive conversation with head of TED Chris Anderson, Musk details how the radical new innovations he’s working on — Tesla’s intelligent humanoid robot Optimus, SpaceX’s otherworldly Starship and Neuralink’s brain-machine interfaces, among others — could help maximize the lifespan of humanity and create a world where goods and … Read more
Massive archaeological program underway with support by Indigenous communities By Diane L.M. Cook Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Twinning Canada’s Trans Mountain Pipeline is unearthing thousands of archaeological treasures. “We’ve got the largest archaeological program underway in Canadian history,” Ian Anderson, the recently retired CEO of … Read more
Registration Link: Conference Registration TORONTO, ON (March 30, 2022) – The risk of cyber attacks on critical infrastructures in the oil and gas sectors is ever-increasing in the current geo-political landscape. The vulnerability grows with the convergence of operational technology (OT) and information technology (IT). It is important for executives to be one step ahead … Read more
The global oil industry is on pace to repeat or even surpass the heady days of 2008 when crude ascended to dizzying heights and drilling profits soared, according to the world’s biggest oilfield contractor.In the sector’s most bullish forecast yet, Schlumberger told investors and analysts Friday that the widespread disarray set off by Russia’s invasion … Read more
April 22 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as high prices and prodding by the government prompts drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose two to 695 in the … Read more
Canada’s drilling rig count is down 2 active drilling rigs according to data collected by Baker Hughes for the week ending April 22, 2022. From one week ago, Alberta rig counts decreased 2 to 87 and the Saskatchewan rig counts stayed the same at 2. Oil drilling decreased 1 to 48 and gas decreased 1 … Read more
Alex Epstein More from Alex Epstein Here Fossil fuels are making Earth a better and better place by providing uniquely low-cost, reliable energy to billions of people–and are needed by billions more. We need a Fossil Future. Contrary to rhetoric that we’ve “destroyed the planet,” the world has never been a better place for human beings … Read more
Apr 22, 2022 (Bloomberg) China is heading for the largest oil demand shock since the early days of the pandemic as the nation’s efforts to tame a rapidly spreading virus hobbles vast swathes of the economy.Demand for gasoline, diesel and aviation fuel in April is expected to slide 20% from a year earlier, according to people … Read more
Apr 22, 2022 (Bloomberg) Oil headed for its third weekly loss in four as lockdowns in virus-hit China dragged on and the Federal Reserve signaled that monetary policy will be tightened aggressively to contain decades-high inflation.West Texas Intermediate fell below $102 a barrel, in a volatile trading week that has seen prices bounce in a range … Read more
by Irina Slave More from Irina Slav Those who have followed my articles for a while perhaps already know that I have a very special appreciation of the EU’s talents in long-term planning. In fact, if I was in a position to hand out awards, I’d hand one out to Brussels. I’d call it the … Read more
Campaigners demand EU sanctions on Russian oil and gas Some European states oppose ban for fear of economic hit Protests in Berlin, Warsaw, Brussels, elsewhere in Europe BRUSSELS, April 22 (Reuters) – Climate change campaigners kicked off a wave of protests for Earth Day on Friday, pushing demands such as an immediate halt to European … Read more
‘If you look for it, there’s always somewhere you can climb a little bit higher’ By Mario Toneguzzi Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Canada’s oilpatch remains an attractive career for thousands of Canadians with the opportunities it presents for innovation, advancement and lucrative compensation. Noah Warren, 19, … Read more
By Michael Binnion Appearing in True North Digital Media Canadians have historically had good reason to be proud of our contribution internationally, and recent global events have most of us thinking about our role. Although we are a mid-sized economy with a small population, the world has consistently been able to count on us to be the junior partner … Read more
Calgary, Alberta–(Newsfile Corp. – April 21, 2022) – Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) (“Gear” or the “Company”) is pleased to announce that the new March 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
CALGARY, AB, April 21, 2022 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce it has entered into a definitive agreement (the “Agreement“) to acquire Rolling Hills Energy Ltd. (“Rolling Hills“), a privately held pure play Clearwater oil producer, for total consideration of $93.0 million (the “Corporate Acquisition“). Tamarack has also entered into additional agreements to further consolidate its Clearwater position through … Read more
Calgary, Alberta–(Newsfile Corp. – April 21, 2022) – LEUCROTTA EXPLORATION INC. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce its financial and operating results for the three months and year ended December 31, 2021. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Achieved production of 5,000 boe/d in late Q4/21 and exited December … Read more
Apr 21, 2022 (Bloomberg) Oil gained as a series of challenges to supply eclipsed concern about the lingering threat to energy demand from lockdowns in China.West Texas Intermediate traded near $103 in a week that has seen futures swing sharply in a range of about $10. As the Ukraine war grinds on, European Union members … Read more
Apr 21, 2022 (Bloomberg) Liquefied natural gas suppliers are asking clients to pay much higher rates for new long-term contracts, as a global effort to cut Russian imports is expected to keep the market tight for the next decade.The industry’s top suppliers are offering 10-year contracts that start in 2023 at rates about 75% above the … Read more
Apr 20, 2022 (Bloomberg) The U.S. exported the most oil and petroleum products in history last week as countries across the world work to replace Russian supplies in the wake of the war in Ukraine. Exports of U.S. crude and petroleum products surged to a weekly record of 10.6 million barrels a day during the … Read more
on Apr 20, 2022 (Bloomberg) U.S. Treasury Secretary Janet Yellen and other finance ministers and central bank governors walked out of a Group of 20 meeting on Wednesday when Russian officials began addressing the gathering, according to people familiar with the events. The world’s democracies will not stand idly by in the face of continued Russian … Read more
Apr 20, 2022 (Bloomberg) Mark Carney, head of transition investing at Brookfield Asset Management, said investments in clean energy are running at a third the pace that’s required to meet climate goals. The world isn’t “going far enough or fast enough” to shift to low-carbon fuels, he said in an interview on Bloomberg TV. “We need … Read more
Apr 20, 2022 (Bloomberg) Canadian consumer price inflation shot past expectations in March, jumping to a new three-decade high and cementing expectations the Bank of Canada will continue with aggressive interest rate hikes in coming weeks.Annual inflation rose to 6.7% last month, up from 5.7% in February, Statistics Canada reported Wednesday in Ottawa. That’s the highest since January … Read more
Significant discovery offshore Newfoundland and Labrador will incorporate world-leading environmental technology. By Holly Quan Bay du Nord. If you don’t know about this terrific proposed offshore development, you should – even if you’re not in Newfoundland and Labrador.Bay du Nord is located about 500 kilometres offshore east-northeast of St. John’s in water depths of approximately … Read more
Canada and Russia are oil and natural gas exporting nations: Canada must step forward to help provide energy security for our allies and the world. Russia provides roughly 10 percent of the world’s oil and about 45 percent of the natural gas used in the European Union. Russia also continues to invest billions to develop … Read more
Canada’s oil and gas workforce is becoming increasingly diverse with significant opportunities for women, immigrants and Indigenous people 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 While it is well known that the oil and gas sector is an … Read more
This is a final chance to join EnergyNow at the 7th Annual Digitalization in Oil & Gas Canada Conference on April 27-28 at the Hotel Arts in Calgary. Ensure you are in the room with valuable stakeholders such as Cenovus Energy, Chevron, Suncor Energy, Shell Canada, Whitecap Resources, Canadian Natural Resources, Vermillion Energy, ARC Resources, … Read more
April 20, 2022 The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to avoid an energy crunch, U.S. bank JP Morgan said in its first annual energy outlook. “Our main finding is that by 2030, energy demand … Read more
Apr 20, 2022 (Bloomberg) Oil rebounded as industrial activity in virus-hit China picked up, and a report pointed to a decline in U.S. crude stockpiles. Brent futures climbed above $108 a barrel after tumbling more than 5% on Tuesday. In China’s leading commercial hub of Shanghai, carmakers to supermarkets are now starting to resume their … Read more
(Bloomberg) Amazon.com Inc. struck deals to boost its access to renewable energy by almost a third as the company looks to get all of its power from green sources within a few years. The retail giant will buy power from 3.5 gigawatts of new projects — mostly solar farms in the U.S. — to supply … Read more
Advancing Natural Gas to Electricity Methods of Mobile Power Systems St. Albert, Alberta–(Newsfile Corp. – April 20, 2022) – Enterprise Group, Inc. (TSX: E) Enterprise, a consolidator of 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, … Read more
Facilitator, Strategic Advisor and Acclaimed Author of The Art of Gathering to Address Alberta Innovates’ Inventures 2022 Conference CALGARY, Alberta, April 19, 2022 (GLOBE NEWSWIRE) — Priya Parker, author of The Art of Gathering: How We Meet and Why it Matters, and executive producer and host of the New York Times podcast Together Apart, will present at Inventures 2022 in … Read more
Achieved First Quarter 2022 Total Company Average Production of 29,362 BOPD, Up 20% Year-on-Year Acordionero and Costayaco Infill Development Drilling Campaigns Yielding Encouraging Results Expect to Meet Full Year 2022 Guidance of 30,500-32,500 BOPD As of March 31, 2022, Paid Down Credit Facility to $40 Million and Had Cash Balance of $59 Million Balance of … Read more
“Machines Help Humans Excel” Geoffrey Cann sits down with Morgan Eldred, CEO of DIGITAL ENERGY.AI to discuss the application of machine tools and artificial intelligence in oil and gas. The complexity of oil and gas means managers rely on analysis models to help make effective decisions. Advances in cloud technology, compute capacity and artificial intelligence tools … Read more
All components are measured simultaneously without the need for molecule separation which increases the response time. There are no columns or small-bore tubing that can be susceptible to plugging and fouling, which reduces any maintenance and/or downtime. Don’t Miss Our Next Free Webinars! JP3 Make Money On Your Condensate April 28 2022 | 12:00pm MDT … Read more
Resource Works calls on Hollywood to respect Indigenous economic aspirations in this open letter on celebrities and Coastal GasLink. Dear Hollywood, For many Indigenous people in Canada, the development of natural resources is the path from poverty to prosperity. That’s why we are concerned when distant but well-meaning celebrities use their influence to oppose projects … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. XI Technologies looks at expiring land because it can provide useful business … Read more
Northern Mat & Bridge (NMB) is Canada’s first choice in providing safe, cost-effective temporary access solutions for any industry, including Power Transmission and Distribution, Pipeline, Oil & Gas, Emergency Response, Renewable Energy, Forestry, Mining, and General Construction. We have great products, but our passionate employees truly make the difference. We look for like-minded achievers who … Read more
NCS Fluid Handling Systems sewer bypass professional designers have years of bypass experience and understand that knowing all aspects of the project is the critical first step. The amount of waste material required to be bypassed varies throughout the day, therefore the temporary system must accommodate these changes in flow. Typically, the peak is calculated … Read more
The Oil and Gas Industry Needs New Tools to Manage its Exposure and Capture its Opportunities From Carbon Part 1 of a 3-Part Sponsored Article Series brought to you by Hewlett Packard Enterprise and Powerland – by Geoffrey Cann A changing climate An Uber driver in Calgary recently confided that he didn’t believe … Read more
Tundra Process Solutions is now in the EV Charging space, representing Industry Leading ABB EV Chargers. Join them TODAY, April 20th, as they host Tundra’s ABB E-mobility ‘An Introduction to ABB EV Charger Solutions’ webinar at 12:00 – 1:00 pm MDT to learn more. Tundra will be sharing the following: ABB E-Mobility Overview Intro … Read more
Watch a recording of our 2022 Annual Luncheon, featuring a fireside chat with Alberta Minister of Energy, the Honourable Sonya Savage, and Saskatchewan Minister of Energy & Resources, the Honourable Bronwyn Eyre. A special thanks to all our guest speakers: Honourable Sonya Savage, Alberta Minister of Energy, Honourable Bronwyn Eyre, Saskatchewan Minister of Energy & … Read more
CALGARY, AB, April 19, 2022 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to provide a financial and operational update for Q1 2022. Q1 2022 Highlights VIEW PDF Vermilion Energy Inc. Announces Q1 2022 Financial and Operational Update (CNW Group/Vermilion Energy Inc.) Production of approximately 86,200 boe/d exceeded … Read more
.NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESSWIRE / April 19, 2022 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK) is pleased to announce the results of its April 1, 2022 independent reserves evaluation, which includes the reserve volumes from its recent acquisition (the “Acquisition“), … Read more
Here’s a look at where the energy outlook stands Bloomberg News Russia’s invasion of Ukraine is upending the global transition away from fossil fuels in the fight against climate change With Russian oil bans, what happens to global supply? In some ways, the war is slowing the shift and giving old energy new life. In others, … Read more
CALGARY, Alberta, April 19 (Reuters) – Canada is favouring oil projects with lower carbon emissions per barrel to help meet its climate targets, a strategy that may block Suncor Energy’s (SU.TO) plan to expand bitumen mining to feed its key oil sands operations. On April 6, Canadian environment minister Steven Guilbeault warned Suncor in a … Read more
LONDON, April 19 (Reuters) – OPEC+ produced 1.45 mln barrels per day (bpd) below its production targets in March, as Russian output began to decline following sanctions imposed by the West, a report from the producer alliance seen by Reuters showed. Russia produced about 300,000 bpd below its target in March at 10.018 million bpd, … Read more
Apr 19, 2022 (Bloomberg) Oil erased earlier gains as traders weighed hawkish comments from U.S. Federal Reserve officials and China’s promise to repair the economic damage caused by a spate of lockdowns. Global benchmark Brent traded below $112 a barrel after four days of gains.The bullish run in crude and other commodities are fanning inflation, … Read more
by Michael Binnion Prime Minister Trudeau’s emissions reduction announcement reveals a government rapidly shifting policy to adapt to the abrupt realities of a crisis in Europe. It’s not just the war; results to date show their old 20th Century approach to climate was sorely in need of revision. Real-world problems need solutions that really work — … Read more
April 18, 2022 CALGARY, Alberta, April 18, 2022 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its first quarter (“Q1 2022“) results for the three-month period ended March 31, 2022. First Quarter Highlights: Royalty production averaged 23,892 BOE per day, representing a 17% increase over Q4 2021 … Read more
Last fall, under the cover of a surprise election, the federal government launched a “consultation” about ending Canada’s oil and gas industry. They called this a “just transition.” They expected the usual comments from people who support their anti-energy agenda. But something unexpected happened. Canadians who support our industry showed up. They flooded the consultation with … Read more
Apr 18, 2022 (Bloomberg) Oil was little changed amid signs that continued coronavirus lockdowns in China are weighing on the economy, countering bullish news that protests are shutting in supplies from Libya.West Texas Intermediate traded just below $107 a barrel after rallying last week by the most since early March. China reported its biggest decline in … Read more
The Flowserve Valbart Rising Stem Ball Valve (RSBV) is the oil and gas industry’s choice for applications requiring a mechanically energized metal seat or soft-seat to safeguard against losses from process contamination or leakage of material. Whether your needs call for molecular sieve switching valves, isomerization, thermal oil, high/low temperatures, cavern storage isolation valves or … Read more
TORONTO, ON (March 28, 2022) – The risk of cyber attacks on critical infrastructures in the oil and gas sectors is ever-increasing in the current geo-political landscape. The vulnerability grows with the convergence of operational technology (OT) and information technology (IT). It is important for executives to be one step ahead of the new cyber … Read more
By Jim Kolbus, Senior Product Manager at Clark Reliance Using and maintaining the water-level instrumentation on your boiler is of vital importance for the safety of your plant personnel and the longevity of the equipment in your plant. Figure 1: Servicing a water gage glass with a calibrated torque wrench. The ASME Boiler and Pressure … Read more
Reduced costs for wind and solar are tied to lower costs for oil and gas By David Yager Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter With energy costs rising globally and the western world trying to stop buying fossil fuels from Russia, accelerating the switch to renewables continues … Read more
The Superheat SmartWrap™ solution provides end-to-end leadership enabling you, the contractor, to leverage any workforce you have available to support on-site heat treatment setup and teardown activities. Superheat provides full coverage of potential labor gaps, all while utilizing our best-in-class equipment and technology. Our transparent digital quality program, Superheat SmartView™ & the Superheat SmartCenter™, remotely … Read more
Do You Have Asset Retirement Obligations? The Excalibur Internal Pipe Cutter (IPC) was built to dramatically reduce the costs of removing facility pile(s) and pipeline riser(s) in abandonment projects. Used by Abandonment Contractors and Oil and Gas Operators with Minimal Training Minimal Ground Disturbance Method Highly portable with less personnel and less equipment in the … Read more
EDMONTON — Regulated utility ATCO Electric has agreed to pay a $31 million administrative penalty after an Alberta Utilities Commission investigation found it deliberately overpaid a First Nation group for work on a new transmission line, and then fai…
CALGARY, AB, April 12, 2022 /PRNewswire/ – Fuelled Family of Companies (“Fuelled” or “the Company” or “we” or “our”), a technology-based company that uses platforms to manage, sell and disrupt, today reported its highlights from calendar year 2021 and an operating update on Q1 2022. “We connected a record number of buyers and sellers in 2021, further proving out … Read more
CALGARY — From carbon capture and hydrogen development to the accelerated rollout of wind and solar power and rapid electrification of transportation systems, the federal government has laid out an ambitious roadmap to get Canada to its climate target…
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
For 30 years, Galaxy Broadband has provided Canadian companies with enterprise satellite broadband and terrestrial wireless connectivity services. The company “is one of Canada’s largest telecommunications working with the Canadian Energy industry for over 25 years, providing reliable, affordable, and innovative enterprise communications to remote locations where no fibre optic or microwave coverage exists.” Galaxy Broadband … Read more
St. Albert, Alberta–(Newsfile Corp. – April 14, 2022) – Enterprise Group, Inc. (TSX: E) (the “Company” or “Enterprise“). Enterprise, a consolidator of 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, is pleased to invite shareholders and … Read more
The Carbon Offset trading market has seen a significant increase in activity during recent years. As more industries, including the oil and gas sector, move towards net-zero carbon emissions, many companies are investigating ways to generate or purchase carbon offsets to achieve their long-term goals. The province of Alberta, Canada has had a carbon registry … Read more
It is with great pleasure that we recognize the evolution of our industry and diversity of our members with the launch of our new name, which was formally announced at the AGM on Thursday, April 7, 2022: Canadian Association of Land and Energy Professionals (CALEP) This is the third iteration of the association’s … Read more
by Irina Slave More from Irina Slav Lithium prices have soared by close to 500% over the past year. Stocks at the London Metals Exchange have dropped to the lowest since records began in 1997. EV prices are rising. The energy transition may have well ended before it took off. It’s increasingly looking like we are witnessing the mother of … Read more
Apr 14, 2022 Regulators approved a $4.5 billion transmission line that will deliver Canadian hydropower to New York City, a key component of the Empire State’s efforts to eliminate carbon from its power grid by 2040.The 339-mile (546-kilometer) Champlain Hudson Power Express is expected to be complete in 2025, according to a statement Thursday from New York Governor Kathy … Read more
Canada’s drilling rig count is down 8 active drilling rigs according to data collected by Baker Hughes for the week ending April 15, 2022. From one week ago, Alberta rig counts decreased 8 to 89 and the Saskatchewan rig counts stayed the same at 2. Oil drilling decreased 4 to 49 and gas decreased 4 … Read more
2022 Canadian Energy Person of the Year Award Call for Nominations Open Until April 30th, 2022 :: Canada is a great energy country because we are home to some of the world’s greatest energy people. Canadian energy has inspired some of the most talented, dedicated and imaginative hearts and minds this country has ever known. The … Read more
Apr 16, 2022 (Bloomberg) Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman gave a “positive assessment” to their cooperation on the OPEC+ producers group to stabilize the world oil market, the Kremlin said in statement. Saturday’s phone conversation, the leaders’ second since Russia’s Feb. 24 invasion of Ukraine, came at the initiative of … Read more
LONDON, April 15 (Reuters) – Three firms involved in Britain’s oil sector, including ExxonMobil, have secured injunctions to stop protests by climate change activists which have caused widespread disruption this month, the government said on Friday. Environmental groups such as Extinction Rebellion and Just Stop Oil have been staging daily protests in London and across … Read more
WASHINGTON, April 15 (Reuters) – The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge Joe Biden made while campaigning for president. The plan calls for the government to lease fewer acres for drilling than initially proposed, charge steeper royalties … Read more
Apr 14, 2022 (Bloomberg) Oil notched a weekly gain as traders weighed a global supply deficit, a potential ban on Russian oil from the European Union and China’s latest virus lockdowns.West Texas Intermediate settled near $107, rising 8.8% for the week. Oil rallied Thursday afternoon after a report that the European Union is moving toward adopting … Read more
April 14, 2022 U.S. energy firms last week added oil and natural gas rigs for a fourth week in a row as the federal government seeks more production to help allies wean themselves off Russian oil and gas after Moscow invaded Ukraine on Feb. 24. The Kremlin calls its activities in Ukraine a “special military … Read more
Kris Sims There’s a moment in the TV show Community where the character Jeff Winger is exasperated with his study group’s attempt to interfere in their friend’s life. Predictably, the interference doesn’t work and Jeff explode: “I hate to say ‘I told you so,’ so, I will SHOUT IT THROUGH CUPPED HANDS!” Taxpayers are shouting through cupped … Read more
Manchin says North America best positioned to help the world with energy security and lower emissions By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter U.S. Sen. Joe Manchin (D-WV) speaks during a news conference at the U.S. Capitol March 3, 2022 in Washington, DC. Getty Images … Read more
Apr 14, 2022 (Bloomberg) Oil declined after a two-day rally that pushed prices back above $100 a barrel as investors digested a raft of factors including the continuing fallout from Russia’s invasion of Ukraine and China’s latest round of virus lockdowns. West Texas Intermediate futures slipped 0.6% but are still on course for a weekly gain … Read more
April 13, 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, April 13, 2022 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that the Government of Quebec has passed Bill 21, An Act … Read more
April 13, 2022 VANCOUVER, BC – LNG Canada announces Jason Klein as new CEO, effective immediately. LNG Canada announces Jason Klein as new CEO, effective immediately. Mr. Klein brings to the position a wealth of experience and a deep understanding of liquified natural gas (LNG), its role in the global energy transition to lower carbon … Read more
Ottawa is thinking about a new tax on your truck or SUV. They’re the most popular vehicles in Canada and now the feds are eyeing them for a new tax that would range from $1,000 to $4,000. For example, the proposed tax would cost an extra $1,000 on a Ford F-150. A Ram 3500 … Read more
April 13, 2022 Spot natural gas prices in the United States and Canada soared this week as homes and businesses in Alberta cranked up their heaters to escape an uncommon spring freeze, while consumers in the U.S. Mid-Atlantic dusted off their air conditioners. AccuWeather forecast high temperatures in Calgary, the biggest city in the Canadian … Read more
Bank of Canada hikes rates by half a point. The Bank of Canada raised its policy rate by half a percentage point in its biggest hike in more than two decades, and said it would stop buying government bonds to shrink its balance sheet as it moves aggressively to wrestle inflation down from a three-decade … Read more
At Austin, Texas-based Moment Motor Co., beloved vintage cars from Porsches to DeLoreans are converted into electric vehicles, making them cleaner and more reliable while retaining their classic feel.
Tune in by subscribing to EnergyNow Media : EnergyNow Media Click the Bell to get our weekly notifications. “Cyber is No Laughing Matter” Geoffrey Cann meets with Cara Wolf, Founder of Ammolite Analytix to discuss how cyber issues are now top of mind for energy executives. Recent high profile cyber attacks on energy infrastructure (Colonial Pipelines) … Read more
VANCOUVER — The joint-venture building a major liquefied natural gas terminal at Kitimat, B.C. has named Jason Klein as its new chief executive officer.
LNG Canada says Klein was previously a vice-president at Shell Canada, which owns a 40 per cent st…
April 13 (Reuters) – Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday. Contract prices for renewables jumped 28.5% in North … Read more
Summary Issues include global demand revision in February IEA report on energy transition rankled OPEC+ members question watchdog’s independence DUBAI, April 12 (Reuters) – A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected concern about U.S. influence on the figures, sources close to the matter … Read more
By Grant Smith (Bloomberg) The International Energy Agency cut its forecast for global oil demand this year after China reimposed lockdowns to contain the spread of a resurgent coronavirus. With the weaker demand outlook and the massive release of emergency oil reserves by IEA members, the agency now sees global markets in balance for much of the … Read more
Apr 13, 2022 (Bloomberg) Oil steadied above $100 a barrel as the International Energy Agency trimmed its estimates of global oil demand and President Vladimir Putin vowed to continue the war in Ukraine. Crude extended gains Wednesday after a 6% surge in the previous session. The IEA cut its forecast for the world’s crude needs this … Read more
The solar power industry is the latest to be hit by China’s strict Covid control measures, with equipment makers cutting production amid complaints of shipment delays and staffing problems.Solar companies are seeing a “severe impact” on both panel production and installations from the most recent round of virus outbreaks in China, according to a survey conducted by … Read more
Oil traders have become much more sanguine about the availability of crude over the last month, taking some of the heat out of oil prices following Russia’s invasion of Ukraine. On the consumption side, China’s fuel use has faltered as more areas have been put into lockdown to control coronavirus outbreaks, and there have been … Read more
Indigenous Resource Network’s Robert Merasty eyes community development through partnerships with oil and gas By Michelle Bodnar Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The former chief of the Flying Dust First Nation in Saskatchewan has taken a new step in his long pursuit to advance the economic … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. We reviewed the Montney in March of 2021 and activity in this play since … Read more
The Williston Basin Petroleum Conference is less than one month away; and based on registration and exhibit sales so far, this year’s conference will be a significant event for the Province of Saskatchewan in 2022. The theme for WBPC 2022 is Energy from the Earth, so the sessions are centred around hot topics including emissions … Read more
CALGARY — A high-profile United States senator is backing Alberta Premier Jason Kenney in pushing for more North American oil to supplant Russian supplies during the invasion of Ukraine.
West Virginia Sen. Joe Manchin, a key Democratic vote in the eve…
By David Yager There has always been a stigma associated with working in the oilpatch. Decades ago the drilling rigs were held is such low regard that a popular joke among rig hands went like this. “I didn’t dare tell my mother that I was a roughneck. So I said I was a piano player … Read more
(Bloomberg) Canada’s banks have only just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they’re running into conflicts between what climate activists and ESG investors want and what Canada’s oil-dependent economy demands of them. Fossil-fuel lending is a tiny part of the loan businesses for many … Read more
Alberta Technology Symposium The Alberta Technology Symposium is set to bring a spotlight to Alberta’s incredible technology sector. It’s time to put Alberta first! The Symposium will showcase leading companies and people who represent what blockchain, machine learning and Internet of Things (IoT) have to offer in our province. Discover Alberta’s Disruptive Technology Innovation The … Read more
CALGARY, ALBERTA – Many Indigenous peoples in Canada continue to face barriers that affect their ability to participate fully in the programs and initiatives that affect their quality of life. While the socioeconomic challenges Indigenous peoples face are diverse and complex, living in rural or remote communities continues to be one of the more significant barriers … Read more
Calgary, Alberta–(Newsfile Corp. – April 12, 2022) – Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (“Saturn” or the “Company”) is pleased to announce the results of the independent reserves evaluation of the Company’s crude oil and natural gas assets, dated March 23, 2022 and effective December 31, 2021, in compliance with National Instrument … Read more
Apr 12, 2022 (Bloomberg) Oil staged a partial recovery, after dropping 4% on Monday, as traders weighed China’s demand outlook following the easing of some virus restrictions in the financial hub of Shanghai.West Texas Intermediate futures rose more than 3% to trade above $97 a barrel. Shanghai has eased lockdowns for some housing complexes, but most … Read more
Apr 11, 2022 (Bloomberg) –OPEC’s top diplomat told European Union officials that the current crisis in global oil markets caused by Russia’s invasion of Ukraine is beyond the group’s control.Russian oil supply losses stemming from current and future sanctions or a boycott by customers could potentially exceed 7 million barrels a day, OPEC Secretary General … Read more
All 2021 development drilling program wells on production 8 wells from 2022 first half development program on production with an additional 7 expected in the second quarter 2022 production guidance range increased by 1,000 boe/d to 30,100 to 31,100 boe/d with first quarter production of approximately 29,400 boe/d Acquisition of 14 sections of Peace River … Read more
For immediate release Announces plans to increase monitoring staff, open new Safety Operations Centre in France Calgary, AB and Houston, TX – April 12, 2022 – In response to growing demand for employee protection and a one-stop solution to keep workers safe on the job, Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, has … Read more
Through collaboration, knowledge sharing and developing lasting partnerships, we can solve our net zero crisis. Come together in Halifax, April 25-26 to learn, share and develop new relationships with your industry colleagues from across Canada and abroad. Action begins now! Join more than 250 delegate and 50 speakers at Smart Energy 2022 for two exceptional … Read more
April 11, 2022 CALGARY, Alberta, April 11, 2022 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its fourth quarter and year end 2021 financial and operating results. Selected financial, operational and reserves information is outlined below and should be read in conjunction with Razor’s audited consolidated financial statements, management’s discussion … Read more
Canada’s oil producers have helped free America from oil dictators before and can do it again By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter There’s an important message for U.S. Senator (D) Joe Manchin to take back to Washington after his visit this week to Alberta’s … Read more
CALGARY, Alberta, April 11, 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 announce that Mr. John Hooks has been appointed to the Board of Directors of Crew. Mr. … Read more
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, April 11, 2022 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” is pleased to announce that it … Read more
April 11, 2022 The discount on Canadian heavy crude versus the West Texas Intermediate (WTI) benchmark widened slightly on Monday, holding within a recent range. Western Canada Select (WCS) heavy blend for May delivery in Hardisty, Alberta, last traded at $12.90 a barrel below WTI, according to NE2 Canada Inc, widening 15 cents from Friday’s … Read more
April 11, 2022 HALIFAX, NS – Canada’s approach to creating sustainable jobs includes identifying and pursuing opportunities for regional economic transformation that will lead to sustained economic growth compatible with a net-zero economy. The Government of Canada is working with partners across the country to build a clean economy, advance economic reconciliation, support the energy sector, and ensure … Read more
MILAN (AP) — Italian Premier Mario Draghi secured a deal Monday for more natural gas imports across a Mediterranean pipeline from Algeria, marking the latest push by a European Union nation to reduce dependence on Russian energy following its invasion…
The war in Ukraine has highlighted the role that cyber plays in modern warfare. Some of these tactics are poised to impact the oil and gas industry. Get ready. A Panel Discussion On May 3, I will be chairing a panel discussion on cyber issues with a focus on the oil and gas industry. It’s … Read more
BRUSSELS, April 11 (Reuters) – European Union officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output and as the EU considers potential sanctions on Russian oil. OPEC has resisted calls by the United States and the International Energy Agency to pump more crude to … Read more
Apr 11, 2022 (Bloomberg) Oil producers have always been an easy target at the United Nations’ annual climate summits. This year, with Russia’s war in Ukraine boosting demand for fossil fuels, they’re preparing to fight back. As Western economies desperately seek alternatives to Vladimir Putin’s exports, many are working to increase supplies of energy — whether it’s … Read more
Apr 11, 2022 (Bloomberg) Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer.West Texas Intermediate futures slid below $96 a barrel. Virus cases continue to rise in Shanghai and there is no clarity on when restrictions will be lifted. The flare-up has led to disruptions at ports and prompted some … Read more
CALGARY, Alberta, April 08, 2022 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) today launched an open season to solicit binding commitments for crude oil transportation services on the Marketlink Pipeline System with origin in Cushing, OK, and destinations in Port Arthur and Houston, TX. Marketlink is a vital … Read more
CALGARY, Alberta, April 11, 2022 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (“HEVI”, “Helium Evolution” or the “Company”), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce that CEO, Greg Robb, and his HEVI team today joined Arne Gulstene, Head of TMX Group’s Company Services, to celebrate … Read more
Our Shindaiwa generators are ultra quiet and have excellent fuel economy. At Ketek, we take pride in knowledgeable staff and exceptional service Ketek began renting equipment in 1979, and rentals continue to be central to our business. Whether you need a generator, light tower, pump, tank or a whole lot more, we’ve got you covered. … Read more
By Justin Mogck As has been a recurring story in the past few years, a lot has changed in the energy industry over the last few months. War, inflation and shifting energy security policy are rapidly changing the dynamics of industry. We have moved into a period of an overall tighter energy market for the … Read more
Cashflow is crucial to a business’ healthy operations. Setting up digital invoicing ensures you’ll improve your DSL and keep the cash flow flowing. We’ve all been the guy chasing people down for payments only to realize the invoice was never sent, or included an error. One of the biggest mistakes we see in the industry … Read more
EnergyNow is a proud Partner of the 7th Annual Digitalization in Oil & Gas Canada Conference this April 27-28 in Calgary. Ensure you are in the room with valuable stakeholders such as Cenovus Energy, Chevron, Suncor Energy, Shell Canada, Whitecap Resources, Canadian Natural Resources, Vermillion Energy, ARC Resources, TC Energy, TechnipFMC, MEG Energy, Petronas Canada … Read more
The price was right and the job was done quickly. But there was one small problem—the boundaries were incorrectly placed, about 100 metres off where they should be. So the building proceeded on an oil company’s right-of-way, alarmingly close to a pipeline. Now it was a big problem (for another survey firm which we will not name). … Read more
Our new mapping capability provides our clients with another tool to manage their operations more efficiently. Access to a visual representation of where scheduled work is located allows you to: Optimize your route and reduce travel time. See what work is due near you. Access Google Maps for directions to site so you never get … Read more
If you operate an H2S analyzer, there are 4 things you must know for successful measurements. If you haven’t considered the 4 steps listed below, it’s likely your gas H2S analyzer is not operating as accurately or as reliably as it could. 1. Check the Material of the Wetted Parts It’s far too often manufactures of … Read more
Raised surface platforms allow contaminants and wash water to fall underneath the worker maintaining a clean non-slip work surface. Whether disposing or recycling your wash water, Portable Wash Pads are a proactive solution for steam cleaning, high pressure washing, and servicing of equipment. These platforms provide containment of used wash water and contaminated waste allowing … Read more
April 8 (Reuters) – U.S. energy firms last week added oil and natural gas rigs for a third week in a row as the federal government seeks more production to help its allies wean themselves off Russian oil and gas after Moscow invaded Ukraine on Feb. 24. The Kremlin calls its actions in Ukraine a … Read more
Protesters target bankers as First Nations groups make appeal for crucial capital for oil and gas projects By Shawn Logan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Dale Swampy shakes his head when asked about anti-oil and gas protesters demanding bankers respect Indigenous rights at the same moment … Read more
As world leaders look for energy security, activists continue reckless quest to cut funding for critical oil and gas By Gina Pappano Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter At a time when the world, especially Europe, is facing an energy crisis and energy security is being called … Read more
In this season of renewal, progress is in the air inspiring Calgarians to gather on April 30 to celebrate the 28th annual PSAC STARS & Spurs Gala—in person. “After two years of virtual gathering, we can now support STARS while we socialize with old and new acquaintances, enjoy fine food together and dance to live … Read more
Apr 8. 2022 Under the backdrop of rising provincial oil revenues, Premier Jason Kenney’s speech to the Alberta Municipal Leaders caucus in March and the debate around it mark the start of what will be the dominating discussion in provincial politics from now until the election. The question is, what do we do with this … Read more
April 8, 2022 CALGARY, AB – The green-lighting by the Government of Canada of a key East Coast energy project is being applauded by a Canadian pro-natural resource community coalition. Canada Action founder Cody Battershill was reacting to the fact Canadian Environment Minister Steven Guilbeault formally approved on Wednesday the Bay du Nord offshore oil project, … Read more
Canada’s drilling rig count is down 13 active drilling rigs according to data collected by Baker Hughes for the week ending April 8, 2022. From one week ago, Alberta rig counts decreased 11 to 97 and the Saskatchewan rig counts decreased 1 to 2. Oil drilling decreased 11 to 53 and gas decreased 2 to … Read more
Batteries, Coal, Electricity, Hydro, Materials, Nuclear, Oil & Gas, Renewable Energy, Sustainability by Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Significant amounts of raw materials are needed to build electricity generation. A shift to power from renewables and away from coal, nuclear and natural gas will require a significant increase in mining and materials. Source: Quadrennial Technology Review: … Read more
Apr 9, 2022 (Bloomberg) Isolated from any other country’s power networks, Iceland has this winter faced a new predicament: running out of electricity. Sitting in the Atlantic Ocean, 850 kilometers (530 miles) from the Scottish coast, the country had to be self-sufficient in electricity generation, and power was always so plentiful that a large aluminum-smelting industry … Read more
BRUSSELS, April 8 (Reuters) – European Union countries on Thursday approved a ban on Russian coal imports from August as part of new measures against Moscow, but are split over whether oil or gas sanctions should follow. The coal embargo is the EU’s first energy sanction against Moscow following its invasion of Ukraine. Officials say … Read more
A mix of high-tech and old-fashioned energy efficiency tactics can deliver carbon-neutral buildings, right now. But the U.S. needs to pick up the pace. By James S. Russell Is it too much to ask Americans to take their foot off the gas and reset their thermostats? On March 18, the International Energy Agency released a 10-point plan … Read more
Apr 8, 2022 (Bloomberg) bPromoters of a stalled project to build a C$9 billion ($7.2 billion) terminal to export liquefied natural gas from Quebec in Canada are seeking to revive the plan by garnering support from Europe, which is scrambling to find alternatives to Russian supplies. GNL Quebec Inc’s Energie Saguenay project was rejected by both the federal and … Read more
As anticipated, the federal budget was characterized by a number of areas of significant spending increases, which will continue to add to Canada’s debt, while containing few if any measures to promote the kind of productive business growth that underpins the nation’s financial stability. Government spending growth of this magnitude will also ensure inflation remains … Read more
Apr 8, 2022 (Bloomberg) The United Nations Intergovernmental Panel on Climate Change’s latest report sent a stark alert about the world’s current emissions and temperature trajectory. Within the document is a complex chart that maps out dozens of technologies or practices which can reduce emissions, their potential to do so this decade, and the economics of deploying them.The charts are color-coded. Anything blue … Read more
Apr 8, 2022 (Bloomberg) Oil headed for a back-to-back weekly retreat on plans for massive stockpile releases, a demand-sapping virus outbreak in top importer China and a hawkish turn from the U.S. Federal Reserve.West Texas Intermediate hovered around $97, with prices about 2.1% lower this week. The recent drop means the U.S. benchmark has now lost … Read more
(Bloomberg) Prime Minister Justin Trudeau is rolling out one of Canada’s largest single industrial tax incentives to fund carbon capture projects as his government tries to deliver on ambitious climate goals by offsetting emissions from the country’s energy sector. In a federal budget unveiled on Thursday, Trudeau proposed a refundable investment tax credit to encourage … Read more
(Reuters) – Rio Tinto, General Motors and even the U.S. Energy Department are investing heavily in a crop of newer technologies that could revolutionize the way lithium is produced for electric vehicle batteries. Now those technologies just have to prove they work on a commercial scale. If they do, miners will be able to boost … Read more
Photographer: Chris Szagola/AP BILLINGS, Mont. — A wind energy company was sentenced to probation and ordered to pay more than $8 million in fines and restitution after at least 150 eagles were killed over the past decade at its wind farms in eight states, federal prosecutors said Wednesday. NextEra Energy subsidiary ESI Energy pleaded guilty … Read more
Shell said on Thursday it diverted $7 billion of its cash flows partly to cover hefty oil and gas margin calls, becoming the first company to publicly acknowledge the pressure commodities traders have faced in 2022 from extreme price rises and volatility. Shell, together with other majors, utility companies, trading houses and banks, signed a … Read more
April 7, 2022 The International Energy Agency (IEA) on Thursday confirmed member country contributions to the second collective action to release oil stocks in response to Russia’s invasion of Ukraine. The commitments submitted by members reached 120 million barrels to be released over a six month period, the IEA added. The U.S. will release 60 … Read more
Calgary, AB, April 8, 2022 – Calgary-based oil and gas data and software provider XI Technologies Inc. (“XI”) announced today the achievement of SOC 1 type 1 compliance for their AssetBook ARO Manager software module. ARO Manager is a tool that helps companies monitor and report their Asset Retirement Obligations (ARO) to manage end of … Read more
OTTAWA — NDP Leader Jagmeet Singh has pledged support from his caucus for the 2022 federal budget, saying the Liberals acted “with good faith” by funding key New Democrat priorities such as dental care.
Singh said the budget honours the agreement he …
Federal Environment Minister Steven Guilbeault is warning Canada’s biggest oilsands producer that its planned mine expansion may not meet climate targets.
In a letter to the head of Suncor Energy Inc., Mark Little, Guilbeault says the amount of green…
Provinces have teamed up to launch strategic plan to take advantage of low emissions technology By Mario Toneguzzi and Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Canada is emerging as an early leader in the development and deployment of small modular reactors – an energy technology that … Read more
CALGARY — Ottawa is urging oil and gas companies to move quickly to take advantage of a major new tax credit for carbon capture and storage technology.
In the federal budget announced Thursday, the Liberal government said it will allocate $2.6 billio…
Green hydrogen will play a huge part in our net-zero future, and the electrolyzers required to make it are expected to hold a market value of $53 billion by 2030. Yet while interest in this decarbonization technology is mounting, its cost remains a major hurdle. In Reuters Events latest whitepaper, ‘the importance of the electrolyzer market … Read more
Apr 7, 2022 (Bloomberg) –Prime Minister Justin Trudeau is set to deliver a budget that will funnel revenue windfalls from soaring oil prices toward costly new programs, passing up another chance to shore up Canada’s finances following record pandemic era spending. Trudeau’s finance chief, Chrystia Freeland, is expected to use her second budget to roll … Read more
by Deidra Garyk To achieve the net zero emissions target, the Canadian government is working on legislation for a just transition for workers in emissions-intensive sectors. “Just transition” is a catchy title that comes across like a favorable, visionary idea. It implies something that is easy to do and conveys movement forward to a new … Read more
Apr 7, 2022 (Bloomberg) Shell Plc said its withdrawal from Russia will result in $4 billion to $5 billion of impairments, while also warning investors that extreme energy price volatility in the first quarter could hit cash flow.The statement from the London-based giant shows that, despite a surge in oil and gas prices, Russia’s invasion of … Read more
Apr 7, 2022 (Bloomberg) Oil swung between gains and losses as traders assessed prospects for further crude releases from strategic reserves, the outlook for tighter U.S. monetary policy and weaker demand from top consumer China as it grapples with fresh virus outbreaks.West Texas Intermediate gained past $98 a barrel after slumping by more than $5 … Read more
Apr 6, 2022 (Bloomberg) Suncor Energy Inc., once Canada’s most valuable oil producer, is now seeing rivals outrun it in the stock market on the heels of the oil-price boom. Over the past year, Suncor shares have risen 56%. That’s less than half the gain for competitor Cenovus Energy Inc., which is up 125%, and about … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline & infrastructure companies with regular updates. We also hold quarterly webinars and provide Action BUY … Read more
(Bloomberg) As Europe prepares to join the U.S. in hitting the Kremlin with tighter sanctions for its war on Ukraine, there are plenty of signs that Russia is finding ways to prop up its economy. Cargoes of Russian Sokol crude from the Far East have sold out for next month, and several Chinese firms used local currency to … Read more
WASHINGTON — Republicans are resurrecting the long-dead Keystone XL pipeline expansion in an effort to blame President Joe Biden for soaring gasoline prices.
The controversial cross-border project, cancelled by Biden on his first day in office, is pl…
April 6, 2022 The Canadian government has approved the Bay du Nord oil project off the coast of Atlantic Canada proposed by Norway’s Equinor ASA. Federal Environment Minister Steven Guilbeault formally approved the Bay du Nord offshore oil megaproject Wednesday, making a decision that will infuriate environmentalists but boost the Newfoundland and Labrador economy. In a statement Guilbeault said … Read more
April 6, 20222 OTTAWA, ON – As a major economic contributor to the country and Canada’s largest source of greenhouse gas emissions, the oil and gas sector has a critical role to play in meeting Canada’s climate objectives. To remain competitive in a global market that is moving away from fossil fuels combustion to address … Read more
ST. JOHN’S, N.L. — As Newfoundland and Labrador awaits word from Ottawa on a proposed new oilfield off the coast of St. John’s, Shears Mercer says he’s not worried — he’s frustrated.
Mercer is the mayor of Brigus, a picturesque town on Newfoundland’s …
Apr 6, 2022 (Bloomberg) Oil reversed earlier losses as traders assessed the talk of fresh sanctions following Russia’s invasion of Ukraine.West Texas Intermediate edged above $103 after trading in a choppy range of more than $7 so far this week. The U.S. and its allies are coordinating on a new round of sanctions to punish the Kremlin for … Read more
Apr 5, 2022 (Bloomberg) Canada ran another large trade surplus in February, as the nation benefits from surging prices for oil. The country shipped C$2.7 billion ($2.2 billion) more abroad than it bought from other countries during the month, with exports rising 2.8%, Statistics Canada reported on Tuesday. The surplus narrowed from C$3.1 billion in January, as imports … Read more
With over $26 trillion in energy investments needed over the next three decades, Canada has an opportunity to help meet global demand 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 Overview Some analysts and pundits who examine global investment trends … Read more
CALGARY — Suncor Energy Inc. is getting out of the wind and solar business, even as a new UN report on climate change says wind and solar technologies are the two best avenues to reduce global greenhouse gas emissions and limit the planet’s warming to…
Swift Labs Adds Deep Technical Expertise to Accelerate Blackline’s Pace of Innovation Calgary, Canada — Blackline Safety Corp. (TSX: BLN) (“Blackline” or “Blackline Safety”), a global leader in connected safety technology, today announced it has acquired Ontario-based Swift Labs Inc. (“Swift Labs”), an Internet of Things (IoT) design and engineering consulting firm. The acquisition of … Read more
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. With commodity prices still a focus of the industry and merger and acquisitions … Read more
In 2019, Ventbuster Instruments succeeded in filling the technological gap with the Ventbuster®. This novel, patented technology became commercial and was introduced to the industry in late 2019. Once their metering innovation concept was revealed, industry was intrigued with the technological advancement in measurement accuracy and the incredible turndown ratio. The Ventbuster® is unmatched in … Read more
By Roger Chen, PhD, PEng and Jeff Nicholls, PEng, Stress Engineering Services Canada Energy pipelines may need to be excavated to make repairs (e.g., of insulation, valves, welds) or assess the need for repairs (integrity digs). Excavations, especially longer ones, are usually carried out during a shutdown or reduced operational state to limit the thermal … Read more
April 5, 2022 Alberta is growing its carbon capture and storage (CCS) industry, and in late March picked proposals for six open-access sequestration hubs in the Edmonton region. The province has attracted a slew of proposals for low-emissions industrial projects over the last year, which will rely on CCS to lower emissions. Below is a … Read more
April 5, 2022 Alberta is moving forward on building a broad carbon capture and storage (CCS) industry, but progress still hinges on government funding and heavy emitters being willing to invest in the costly technology. If successful, Alberta’s CCS strategy could unlock billions of dollars in investment from global corporations aiming to hit net-zero emissions … Read more
Heavy differential widens as refinery turnarounds weigh April 5, 2022 The discount on Canadian heavy crude versus the West Texas Intermediate (WTI) benchmark widened on Tuesday. Western Canada Select (WCS) heavy blend for May delivery in Hardisty, Alberta, settled at $13.20 a barrel below WTI, according to NE2 Canada Inc, widening from Monday’s settle of … Read more
April 5, 2022 – The Canada West Foundation is announcing that the Honourable Doug Black, a strong voice for western Canada and advocate for responsible energy development, has been appointed Chair of the Board. Mr. Black, Senior Counsel at Dentons Canada, has a long history of service to the community and was a tireless advocate … Read more
April 5, 2022 Member states of the International Energy Agency (IEA) were still discussing how much oil they would together release from storage to cool markets, three sources told Reuters, adding that an announcement was expected in coming days. The silence on how much oil from storage would be tapped by some of the world’s … Read more
April 5, 2022 CALGARY, Alberta – By the middle of this decade greenhouse gas (GHG) emissions from Canadian oil sands production should be in decline even as production continues to grow, according to a new comprehensive report by S&P Global Commodity Insights that takes into account current technology trends and production growth. Entitled The Trajectory of … Read more
April 5 (Reuters) – Global oil supply disruptions could reach 5 million barrels per day (bpd), according to analyst estimates and reported problems, as sanctions, war and infrastructure failures hit supply just as demand is recovering close to an all-time high. RUSSIA (FORECAST -3 MLN BPD) Western sanctions on Moscow and buyer reluctance could lead … Read more
Apr 5, 2022 (Bloomberg) Swiss startup Climeworks AG has raised 600 million francs ($650 million) to scale up its technology that sucks carbon dioxide directly from the air.The world has to reach peak greenhouse-gas emissions before 2025 to avoid catastrophic climate change, according to a major United Nations report published Monday. But most scenarios that keep warming within 1.5°C above pre-industrial levels … Read more
Apr 5, 2022 (Bloomberg) Oil held its earlier gains as the European Union was said to plan a phaseout of Russian coal imports but steer clear of sanctioning the country’s oil and gas for now.West Texas Intermediate was up 1.2% after earlier advancing as much as 2.2%. EU nations are deeply split over the next steps … Read more
Apr 4, 2022 (Bloomberg) The UN Intergovernmental Panel on Climate Change has released its latest 3,000-page look at how humanity can avoid compounding catastrophe if nations take sufficient action to do so. So far humanity hasn’t, the report concludes. Left unchanged, the world’s current emissions trend could result in warming of more than twice the target limit set forth in the 2015 … Read more
April 4, 20222 CALGARY – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that as part of a 19.1 million share transaction at a price of $10.34 per share, Whitecap has repurchased 10.0 million shares for cancellation by way of a block trade using its normal course issuer bid (“NCIB”) and other … Read more
April 4, 2022 The government of Ontario introduced legislation on Monday to reduce taxes on gas and fuel that, if passed, would come into effect after a June 2 election in Canada’s most populous province. The legislation, if passed by the provincial legislature, would cut the tax rate on gas to 9 Canadian cents per … Read more
April 4, 2022 CALGARY, AB – The Government of Canada is making investments to enhance Canada’s competitive advantage, diversify market opportunities, and create good middle-class jobs in Alberta. Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources Canada, announced a combined investment of over $7.5 million to four organizations in Alberta that are advancing emerging clean technologies to grow our economy and help Canada meet its … Read more
April 4, 2022 CALGARY, AB – Tidewater Renewables Ltd. (“Tidewater Renewables” or the “Corporation“) (TSX: LCFS) is pleased to announce that it has entered into a strategic renewable natural gas (“RNG“) and feedstock partnership (the “Partnership“) with Rimrock RNG Inc. (“Rimrock“), and Rimrock Cattle Company Ltd. (“RCC“). RCC and its affiliates are one of the largest … Read more
April 4, 2022 CALGARY – Cenovus Energy Inc. is suspending its practice of crude oil price hedging and warning that it expects steep losses on its existing risk management program in its first quarter. The company is one of several oil producers that uses a hedging strategy in order to protect itself against sudden price drops. But … Read more
CALGARY — A University of Calgary study says there may be a link between the density of certain oil and gas operations and increased health risks for nearby pregnant women and their babies.
“There is very little research about fracking as it relates t…
WASHINGTON, England, April 4 (Reuters) – An electric car is a clean car, right? If only it were so simple. From motor magnets with toxic histories to batteries made using copious fossil-fuel power, many challenges face carmakers seeking to purge dirtier materials from their supply chains to satisfy regulators and investors. These obstacles represent opportunities … Read more
By Geoffrey Cann The world is getting a stark lesson on energy geopolitics and energy security in light of Russia’s invasion of Ukraine. How do various digital innovations play into, and help reframe, the geopolitical landscape of energy? Energy Geopolitics The first version of this post was published on November 19 of 2019, and … Read more
OTTAWA — Environment Minister Steven Guilbeault says a new report from the United Nations’ climate agency shows the oil and gas sector “cannot do business as usual.”
The Intergovernmental Panel on Climate Change urges more aggressive cuts to greenhous…
Calgary, Alberta–(Newsfile Corp. – April 4, 2022) – In addition to driving shareholder returns through its core business, Suncor (TSX: SU) (NYSE: SU) will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Optimizing the portfolio to drive shareholder returns and continue to … Read more
CALGARY — Canadian energy company Suncor says it is getting rid of its wind and solar assets.
In a news release Monday, the Calgary-based company says it still intends to be net-zero emissions by 2050, but will accelerate progress towards that target …
CALGARY — Cenovus Energy Inc. is suspending its practice of crude oil price hedging and warning that it expects steep losses on its existing risk management program in its first quarter.
The company is one of several oil producers that uses a hedging …
OSLO/LONDON, April 4 (Reuters) – Russia maintained gas flows through key pipeline routes into Europe on Monday, despite uncertainty over payment terms and as European leaders called for more sanctions against Moscow after war crimes allegations in Ukraine. Physical gas flows through the Yamal-Europe pipeline, at Germany’s Mallnow border point see-sawed over the weekend and … Read more
Apr 4, 2022 (Bloomberg) Oil swung between gains and losses to trade near $100, with an ongoing supply deficit due to the war in Ukraine weighed against efforts by consumers to tame prices. West Texas Intermediate was trading up 0.1%, switching between gains and losses. Vitol Group, the world’s biggest independent oil trader, said at the weekend … Read more
Apr 4, 2022 (Bloomberg) Nickel has captured much of the limelight among battery metals in recent weeks, and understandably so. Wild price swings, including an unprecedented 250% advance over two trading sessions amid a short squeeze, and concerns tied to Russia’s role as a key supplier have added to longstanding worries among automakers about securing enough of … Read more
April 04, 2022 CALGARY, Alberta, April 04, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is announcing the suspension of its crude oil price risk management activities related to West Texas Intermediate (WTI). Given the strength of Cenovus’s balance sheet and liquidity position, the company has determined these programs are no longer … Read more
DeReader allows you to store and share information with anyone no matter the distance. This mobile and desktop app offers a complete solution to on-site fieldwork and more. Eliminate paperwork from your life. Connect your physical assets to any accompanying documentation. Share it with anyone, anywhere. Hybrid Work has never been simpler! The last few years … Read more
Lone and remote worker safety Working alone is inherently dangerous with various risks and hazards potentially present. Cell and radio coverage is often spotty at remote locations such as exploration areas, well sites and compressor stations, making communication with your people and dispatching help difficult. Extra care must be taken to ensure the safety of … Read more
With increased security needs across critical infrastructure sites, particularly remote and minimally staffed or unmanned sites, operators across the country are being tasked to look to modern technology that address security and safety, related to building access, communication and control. Intercom systems, oft thought to be simple two-way communication systems, are evolving in new ways … Read more
Risers are a critical infrastructure point for any pipeline operator. Larger operators may have thousands of risers, scattered across various states or provinces and often located in remote areas. The failure of a riser can mean costly repairs, fines, and downtime. Every riser needs inspections, maintenance and repairs, but manually overseeing thousands of individual risers … Read more
By Adeoluwa Olotu Water is an essential compound that supports life on earth. From drinking to cooking, bathing, cleaning, the list of how water is used is extensive Similarly, in the manufacturing industry, water is critical to business operation. It is highly sought after due to its unique properties: High specific heat – gives water … Read more
Ten years ago, a well-managed oil and gas project with a credible business plan rarely struggled to find support from the institutional investment community. With alternative energy starting to become viable, regulators looking far more closely and the public becoming more sceptical, it’s becoming more difficult for oil and gas organizations to attract investment. Like … Read more
By Enverus The energy industry is feeling pressure from all sides — from a growing demand for energy diversification and a focus on production levels fueled by geopolitical events, to price inflation driving up costs while investors stand firm on their demand for capital discipline and more free cash flow. The stakes have never been … Read more
U.S. energy firms last week added oil and natural gas rigs for a second week in a row but growth in the rig count remains slow as drillers continue to return cash to shareholders from high crude prices rather than boost production. The oil and gas rig count, an early indicator of future output, rose … Read more
Application Note: BENKE CFPP- 4 Cold Filter Plugging Point Process Analyzer Understanding the challenges of the measurement for the Cold Filter Plugging Point and the reasons as to why reproducibility (R) is such a complex topic. The BARTEC BENKE CFPP-4.2 analyzer is designed to be compliant with the ASTM D6371 (Standard Test Method for Cold … Read more
Don’t Wait Until the 25th, Get Funded Now with Capital Now Calgary-based capital provider Capital Now is excited to announce our expansion into supporting the production segment of the crude oil supply chain. Everyone needs operating capital from time to time, and Capital Now is offering instant liquidity without debt and without equity. With advance … Read more
Canada sold $11.4 billion worth of offshore oil to Europe from 2015-2021 By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The Terra Nova floating production, storage and offloading (FPSO) vessel arrived in Ferrol, Spain in January, where work is underway to extend the life of the … Read more
by Irina Slave More from Irina Slav Last week OPEC+ replaced the International Energy Agency as its secondary source for member production data with Rystad Energy and Wood Mackenzie. The news, broken by Reuters, which quoted an unnamed source from OPEC+, was the latest in a string of signals that OPEC — which makes up … Read more
Apr 1, 2022 (Bloomberg) Canada’s natural gas producers will face the greatest burden among energy companies under Prime Minister Justin Trudeau’s new emissions-reduction plan, just as the industry faces renewed pressure to increase output. Gas drillers and processors are projected to cut emissions by 45% by 2030 versus 2019 levels. That compares with a 35% reduction that’s … Read more
Canada’s drilling rig count is down 16 active drilling rigs according to data collected by Baker Hughes for the week ending April 1, 2022. From one week ago, Alberta rig counts decreased 15 to 108 and the Saskatchewan rig counts stayed at 3. Oil drilling decreased 12 to 64 and gas decreased 4 to 60.
The crusade against the oil sands is about emotions and politics, not facts By David Yager Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta’s massive oil sands resource is surely the world’s best, or worst, example of the opposing forces of energy symbolism versus energy supply. The planet’s most … Read more
The new video interview series from EnergyNow Media hosted by Geoffrey Visit our YouTube Page to Subscribe and don’t forget to hit the bell to catch our weekly ENERGY INNOVATIONS interview with the industries leading bright minds and emerging technologies. Each show will air at 9am MST every Tuesday morning. This week join us in welcoming David Lod from … Read more
DETROIT (AP) — New vehicles sold in the U.S. will have to average at least 40 miles per gallon of gasoline in 2026, up from about 28 mpg, under new federal rules unveiled Friday that undo a rollback of standards enacted under President Donald Trump.
…
TOKYO, April 1 (Reuters) – The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices. Major consumers are seeking ways to ease the impact … Read more
By Clyde Russell LAUNCESTON, Australia, April 1 (Reuters) – OPEC and its allies have kicked the crude oil can down the road in sticking to their plan for modest monthly output increases. OPEC+, which consists of the Organization of Petroleum Exporting Countries (OPEC) and other producers including Russia, agreed at their meeting on Thursday to raise … Read more
Oil headed for the biggest weekly loss in almost two years after the Biden administration ordered an unprecedented release of U.S. strategic reserves to tame rampant prices. West Texas Intermediate futures rose 0.6% Friday, swinging between gains and losses in another volatile session and recouping some of this week’s decline. The U.S. plans to release 1 million barrels … Read more
Mar 31, 2022 (Bloomberg) –President Joe Biden said his plan to release a million barrels of oil a day from U.S. reserves for six months would lay a foundation for the country to achieve independence from foreign energy suppliers.Biden blamed a spike in gasoline prices this year on Russian President Vladimir Putin and Russia’s invasion … Read more
Mar 31, 2022 (Bloomberg) Alberta chose carbon sequestration hubs managed by companies including Enbridge Inc. and Shell Plc. for further evaluation as part of the province’s ambitious plan to slash emissions. The provincial government singled out for further study six proposals to manage underground space for the storage of greenhouse gases, according to a press release … Read more
March 31, 2022 CALGARY, Alberta, March 31, 2022 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) today announced the Company’s financial and operating results for the year ended December 31, 2021. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Financial and Operating Highlights Key … Read more
March 31, 20222 CALGARY, AB – Wolf Midstream (Wolf), Whitecap Resources (Whitecap), the First Nation Capital Investment Partnership (FNCIP) and Heart Lake First Nation have been selected by the Government of Alberta to enter into an agreement to pursue the development of a potential carbon sequestration hub in the Fort Saskatchewan area, following a highly competitive RFPP … Read more
March 31, 20221 CALGARY, AB – Today, the Government of Alberta announced that Enbridge (TSX: ENB) (NYSE: ENB) has been awarded the right to pursue development of a carbon dioxide (CO2) sequestration hub west of Edmonton, Alberta. Enbridge is developing the Open Access Wabamun Carbon Hub (the Hub) to support near-term carbon capture projects being advanced by project … Read more
TORONTO, ON: It’s not an April Fools’ joke: politicians are raising their own salaries at the same time they’re hiking carbon taxes and alcohol taxes. “The joke is on taxpayers and it isn’t funny as our members of Parliament pocket a pay raise while emptying our wallets with higher carbon and booze taxes,” said Franco Terrazzano, … Read more
CALGARY, AB (March 31, 2022) – Today, the Petroleum Services Association of Canada (PSAC) released the following statement in response to the recent verbal threats made against the Blueberry River First Nations Chief and community: On March 21, 2022, Blueberry River First Nations (BRFN) Chief Judy Dejarlais and the BRFN community were the target of a hateful and threatening voice … Read more
Are Hollywood celebrities, with their private jets and massive mansions, right to criticize Canada’s energy industry – including pipelines and LNG? Or are they unrepentant hypocrites who simply don’t have a clue? SUBSCRIBE: https://www.youtube.com/aarongunnbc SUPPORT AARON: https://www.aarongunn.ca/contribute FOLLOW AARON: Instagram: https://www.instagram.com/aarongunnbc Facebook: https://www.facebook.com/aarongunn.ca Twitter: https://www.twitter.com/aarongunn
Canada’s first emissions reduction roadmap relies heavily on the oil and gas sector to help Ottawa reach its 2030 climate goal, but there is a still a big gap between what industry and government say are achievable cuts. Oil and gas is Canada’s highest-polluting sector, accounting for 26% of total emissions. If Prime Minister Justin … Read more
CDN NEWS | 
US NEWS 
