5 - 2023 - Canadian Energy News, Top Headlines, Commentaries, Features & Events

Obsidian Energy announces increase to syndicated credit facility, results of Viking drilling and update on Alberta wildfires

May 31, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 31, 2023) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces an increase to our syndicated credit facility and provides an update on both the results of our first half 2023 Viking drilling program and the expected impact of Alberta wildfires on production and … Read more

Energy Storage Canada Conference 2026 - ESCCON26

Indigenous Consultation & Engagement Atlantic 2026

Commentary: Apple iPhones Now Permitted on Oil and Gas Sites – Geoffrey Cann

June 2, 2023May 31, 2023 by EnergyNow Media

The mother of all cases is finally here By Geoffrey Cann I’ve been waiting a long time for this moment. As far back as 2004, I explored the possibility of deploying cellular phones within an oil refining complex. The idea of persistent and safe communications with supervisors and lead hands by phone or text message … Read more

Superior Plus Completes Transformative Acquisition of Certarus

May 31, 2023 by EnergyNow Media

Superior adds an industry leader in high demand, low carbon energy distribution for CNG, RNG and hydrogen The combination of Superior and Certarus creates a North American leader in low-carbon energy distribution helping customers achieve sustainability goals Transaction is expected to drive double-digit accretion to 2023 Adjusted Operating Cash Flow per share and significant growth … Read more

Superior Plus to sell eight distribution hubs in agreement with Competition Bureau

May 31, 2023May 31, 2023 by The Canadian Press

CALGARY — Superior Plus Corp. has agreed to sell eight propane distribution hubs in northern Ontario to address the concerns of the Competition Bureau about its deal to buy Certarus Ltd.
The federal competition regulator had concluded that the transac…

Prospera Energy Inc. announces 98% increase in current assets in Q1 2023 financial results

May 31, 2023 by EnergyNow Media

CALGARY, Alberta, May 31, 2023 (GLOBE NEWSWIRE) — Prospera Energy Inc. (“Prospera” or the “Corporation“) (PEI: TSX-V; OF6B: FRA) Prospera announces its first quarter 2023 financial and operating results. Selected financial and operational information outlined below should be read in conjunction with the Company’s financial statements and related management’s discussion and analysis (MD&A) for the quarter ended … Read more

U.S. Debt Deal’s Energy Permitting Reforms Leave Thorniest Issues For Later

May 31, 2023 by EnergyNow Media

(Reuters) – The bipartisan U.S. debt deal’s provisions to speed up energy infrastructure permitting will make it easier to build fossil fuel and clean energy projects but failed to tackle the mammoth issue of building transmission and pipelines needed to get their production to consumers. The Biden administration said the deal, announced over the weekend, … Read more

Economic Fears to Cap Oil Prices Below $90 Through 2023

May 31, 2023 by EnergyNow Media

Summary Brent seen averaging $84.73/bbl this year, WTI to average $79.20/bbl Macroeconomic risks overshadow tight fundamentals – analyst OPEC+ output cut threat remains with oil below $80/bbl- analyst For a table of crude price forecasts, click May 31 (Reuters) – Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions … Read more

Explainer: Why is OPEC+ Cutting Oil Output?

May 31, 2023 by EnergyNow Media

LONDON, May 30 (Reuters) – OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2 to increase crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand, after several members pledged unilateral … Read more

Oil Falls on Weak China Data, Stronger U.S. Dollar

May 31, 2023 by EnergyNow Media

(Reuters) – Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down $1.29, or 1.75%, to $72.42 a barrel at 1013 GMT. U.S. West Texas Intermediate crude (WTI) fell $1.28, or 1.84%, to $68.18. Both … Read more

Highwood Asset Management Ltd. announces 2023 first quarter results

May 31, 2023 by EnergyNow Media

CALGARY, AB, May 30, 2023 /CNW/ – Highwood Asset Management Ltd., (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce financial and operating results for the three months ended March 31, 2023. The Company also announces that its unaudited financial statements and associated Management’s Discussion and Analysis (“MD&A“) for the period ended March 31, 2023, can be found at www.sedar.com and www.highwoodmgmt.com. … Read more

Axis Communications Announces World’s First Explosion-Protected Camera Designed for Zone/Division 2 Hazardous Areas

May 31, 2023 by EnergyNow Media

axis communications camera feature image (400x270)

Lund, Sweden. Axis Communications, a leader in network video, announces AXIS P1468-XLE Explosion-Protected Bullet Camera, the world’s first explosion-protected camera specifically designed for Zone and Division 2 hazardous locations. The camera is designed for Zone 2, 22 and Class I/II/III Division 2 according to international standards (ATEX, IECEx, NEC). Axis Communications launches world’s first explosion-protected … Read more

How to Map Pipeline Right of Way in GIS

May 31, 2023 by EnergyNow Media

Learn How Successful Pipeline Companies Are Mapping ROW in GIS There are two paths to mapping pipeline right of way in GIS, but before diving into how to map it, you need to understand why you’d want to map it in the first place. The answer is that GIS mapping provides a huge advantage over tabular data … Read more

Canada Will Keep Up with U.S., Won’t Cut Corners on Permitting Reform, Wilkinson says

May 31, 2023May 31, 2023 by The Canadian Press

WASHINGTON — Canada’s natural resources minister says he won’t be “cutting corners” when it comes to the environmental assessment process for energy projects.
Jonathan Wilkinson says the government is focused on delivering a new permitting process be…

Energy Battle Looms as Alberta Premier Smith Takes Aim at Trudeau After Election Win

May 31, 2023May 31, 2023 by EnergyNow Media

Alberta’s re-elect leader Danielle Smith has put herself on a collision course with Prime Minister Justin Trudeau over climate policies that would weigh on the province’s fossil fuel industry. Smith, leader of the United Conservative Party (UCP), defeated New Democratic Party leader Rachel Notley on Monday, and immediately targeted Trudeau, threatening the country’s ambitious climate … Read more

Pembina Pipeline Partnering with Marubeni Corp. on Ammonia Export Project

May 31, 2023May 31, 2023 by The Canadian Press

CALGARY — Pembina Pipeline Corp. says it has reached an agreement with Japanese conglomerate Marubeni Corp. to create an ammonia supply chain for exports to Asian markets.
Calgary-based Pembina Pipeline says the project includes joint development of l…

Pembina Pipeline announces agreement with Marubeni Corporation to develop a low carbon ammonia project and outlines vision for Pembina Low Carbon Complex

May 30, 2023May 30, 2023 by EnergyNow Media

CALGARY, Alberta–(BUSINESS WIRE)–Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA) is pleased to announce today the signing of a Memorandum of Agreement (“MOA”) with Marubeni Corporation (“Marubeni”), to progress an end-to-end, low-carbon ammonia supply chain from Western Canada to Japan and other Asian markets (the “Project”). The Project includes the joint development of a world-scale, low-carbon hydrogen … Read more

Source Rock Royalties announces record quarterly & monthly royalty production

May 30, 2023 by EnergyNow Media

CALGARY, AB, May 30, 2023 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties, announces results for the three months ended March 31, 2023. First Quarter Highlights: Record quarterly royalty production of 180(1) boe/d (90% oil and NGLs), an increase of 8% … Read more

Factbox: What Have OPEC+ Producers Said Ahead of June Oil Policy Meeting?

May 30, 2023 by EnergyNow Media

LONDON, May 30 (Reuters) – Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend. Brent crude and U.S. West Texas Intermediate (WTI) futures ended last week over 1.5% higher, but fell by over 1% at … Read more

Oil Falls 2% on US Debt Deal Struggles, OPEC+ Talks Uncertainty

May 30, 2023 by EnergyNow Media

LONDON, May 30 (Reuters) – Oil fell by nearly 2% on Tuesday as concerns about the U.S. debt ceiling pact cooled the market’s risk-on sentiment and mixed messages from major producers clouded the supply outlook ahead of their meeting this weekend. Brent crude futures fell $1.36, or 1.8%, to $75.71 a barrel by 0859 GMT. … Read more

GM Secures Provincial & Federal Financial Support for an EV Battery Plant in Quebec

May 30, 2023May 30, 2023 by EnergyNow Media

General Motors Co. and Posco Future M Co., Ltd. have secured half of the financing for a C$600 million ($442 million) electric-vehicle battery component plant in Quebec from the provincial and federal governments.In March 2022, the US and South Korean companies announced plans to form a joint venture dubbed Ultium Cam and build a cathode … Read more

Trudeau Faces Energy Battles as Danielle Smith’s Conservatives Hold Alberta – Alberta is Open for Energy Investment Says Smith

May 30, 2023May 30, 2023 by EnergyNow Media

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Alberta Premier Danielle Smith and her United Conservative Party retained control of Canada’s top oil-producing province in an election Monday, setting up a series of energy-policy clashes with Prime Minister Justin Trudeau.Smith’s UCP won 49 of 87 seats in the provincial legislature to form a majority government, defeating the left-leaning New Democratic Party. Smith, 52, … Read more

Baytex restarts production following Alberta wildfires

May 30, 2023 by EnergyNow Media

Calgary, Alberta – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) is pleased to advise that we have brought back onstream the full 24,000 boe/d of production that was shut-in as a result of the Alberta wildfires. There was no damage to our assets or infrastructure. We estimate that production was curtailed by approximately 12,500 boe/d for … Read more

Razor Energy Corp. Announces First Quarter 2023 Results

May 30, 2023 by EnergyNow Media

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, Alberta, May 29, 2023 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its first quarter financial and operating results. Selected … Read more

Gran Tierra Energy Inc. Provides Operational Update

May 30, 2023 by EnergyNow Media

Total Current Average Production(1) of Approximately 36,800 BOPD Second Quarter-to-Date 2023 Average Production(2) of Approximately 33,600 BOPD, Up 6% from First Quarter 2023 Achieved Acordionero Field Average Production(2) of Approximately 18,600 BOPD Acordionero, Costayaco and Moqueta Infill Development Well Drilling Programs Yielding Exciting Results During 2023 Year-to-Date, 19 Development Wells Drilled, Consisting of 12 New Producers and … Read more

Multi-Well Fiber Optic Project Awarded: GEO PSI + SILIXA – Learn More Here

May 30, 2023 by EnergyNow Media

We are proud to announce that along with our partner Silixa we have been awarded a multi-well fiber optic project by Petronas Energy Canada Ltd. Petronas Energy Canada Ltd. has awarded GEO PSI and our partner Silixa a multi-well fiber optic project. Silixa will provide their advanced fiber solutions in all the wells, and we … Read more

Canadian LNG on the Global Radar: Vancouver Welcomes World’s Top Energy Leaders at LNG2023

May 30, 2023May 30, 2023 by EnergyNow Media

VANCOUVER, British Columbia, May 29, 2023 (GLOBE NEWSWIRE) — Canadian liquefied natural gas (LNG) will be in the spotlight as the world’s energy leaders take the stage at LNG2023, the preeminent meeting of the international LNG industry, July 10 – 13, 2023 in Vancouver, B.C. The global conference, which is the 20th edition of the … Read more

Clearview Resources Ltd. reports 2023 Q1 results

May 30, 2023May 30, 2023 by EnergyNow Media

CALGARY, AB – Clearview Resources Ltd. (“Clearview” or the “Company”) is pleased to announce its financial and operational results for the three months ended March 31, 2023. “Following a record year for Clearview in 2022, the Company completed its asset rationalization process in the first quarter of 2023 by disposing of two additional non-operated, non-core properties”, commented Rod Hume, Clearview’s CEO. “Clearview now operates over 90% of its … Read more

INFOGRAPHIC: The World of Plastics – Both a Blessing and a Curse – ENERGYminute

May 30, 2023May 30, 2023 by EnergyNow Media

Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The widespread use of plastics has been both a blessing and a curse. Being durable and low-cost, they have revolutionized many industries but are also a major source of global waste. The use of plastics in modern industries Packaging: Plastics are used in packaging due to … Read more

UCP Election Should Shield Albertans from Another Carbon Tax & Tax Increase Protection

May 29, 2023May 29, 2023 by EnergyNow Media

Albertans have an advantage: we have lower taxes protected by law. The Taxpayer Protection Act is one of the strongest laws protecting taxpayers in North America. It’s the reason Albertans don’t have a provincial sales tax. While our neighbours in Saskatchewan and British Columbia pay a PST on everything from cat food to used cars, Alberta is PST-free, saving … Read more

Manchin Gets Mountain Valley Pipeline Deal Into Debt Bill

May 29, 2023 by EnergyNow Media

Democratic Senator Joe Manchin slipped into the debt-limit deal a measure meant to accelerate a multi-billion-dollar natural gas pipeline that’s been repeatedly stalled on environmental concerns, according to people familiar with the matter. Manchin has tried for more than a year to secure a side deal for construction of the 303-mile Mountain Valley Pipeline, which … Read more

Key U.S. Energy Takeaways From Biden-McCarthy Deal to Avert US Default

May 29, 2023 by EnergyNow Media

President Joe Biden and House Speaker Kevin McCarthy compromised on bitterly contested disputes over federal spending and assistance for the poor as part of their debt-limit deal. They must now sell the agreement to lawmakers from both parties. Here’s a look at the most contentious and economically consequential provisions of the legislation they unveiled on Sunday, just … Read more

Crescent Point Restarts Production That Was Shut in Due to Alberta Wildfires

May 29, 2023May 29, 2023 by The Canadian Press

CALGARY — Crescent Point Energy Corp. says it has resumed production at its operations that were shut in due to the Alberta wildfires.
The company says that over the past week it has brought back on stream the full 45,000 barrels of oil equivalent per…

Oil Little Changed After US Officials Reach Tentative Debt Deal

May 29, 2023 by EnergyNow Media

Oil was steady as traders wait to see if lawmakers approve a tentative US debt ceiling deal reached over the weekend to avert a catastrophic default. West Texas Intermediate futures traded above $72 a barrel after gaining 1.2% on Friday. President Joe Biden and House Speaker Kevin McCarthy voiced confidence that their agreement will pass Congress and … Read more

Prospera Energy Inc. announces record high cash flow from operations of $5.4 million in 2022 financial results

May 29, 2023 by EnergyNow Media

CALGARY, Alberta, May 26, 2023 (GLOBE NEWSWIRE) — Prospera Energy Inc. (“Prospera” or the “Corporation“) (PEI: TSX-V; OF6A: FRA) Restructured Prospera momentum accelerates by improving 2022 revenue by 3-fold and operating margin to realize record high cash flow from operations of $5.4million. Prospera is pleased to release its fourth quarter and year-end 2022 financial and … Read more

WEBINAR: Venturi-Based Devices – The New Green Technology Solution for Refinery and Terminal Storage Tanks

May 29, 2023 by EnergyNow Media

Westech Industrial is excited to invite you to a webinar hosted by our esteemed partners Clark Reliance. This webinar will focus on their Jacoby-Tarbox, and their innovative venturi-based devices, also known as eductors. Join us to discover how this 100+ year old technology is now emerging as the “new green solution” for addressing environmental and … Read more

Can Precise Emission Quantification Aid Industry in Achieving Net-Zero Emissions? – Learn More Here

May 29, 2023 by EnergyNow Media

Ventbuster Instruments has gained a comprehensive understanding of emission characteristics through extensive testing on surface casing vents, leaking wells, and various hydrocarbon vents in Western Canada and the United States. This knowledge is crucial as the energy industry strives to achieve “net-zero” emissions by 2050. With their technology, the Ventbuster® providing continuous and unrestricted point-source … Read more

A Healthy Cash Flow Can Have Many Benefits… Here Are a Few!

May 29, 2023 by EnergyNow Media

Having a healthy cash flow can lead to some great benefits for a company. Here are five: The ability to bid and take on more business or contracts Meeting Accounts Payable obligations and maintaining positive supplier relationships. Taking advantage of supplier discounts Meeting large mobilization and start-up project costs like payroll and supply expenses Alleviating … Read more

Understanding The Methane Emissions Technology Landscape: The 4 Steps Operators Should Know – Learn More Here

May 29, 2023 by EnergyNow Media

Methane detection and measurement technology has improved considerably in recent years. Traditionally, operators used technologies such as optical gas imaging and sniffers to detect methane emissions at source. Today, however, high-end instrumentation can be applied to aerial and mobile devices. Lower cost, IoT-enabled sensors can help identify methane at individual facilities and well sites. These … Read more

Hiring an Owner’s Engineer? Better Read This First!

May 29, 2023May 29, 2023 by EnergyNow Media

If you plan to build or expand an industrial facility in North America, you may have heard of the term “owner’s engineer.” This consultant works with companies to oversee and manage their engineering projects from start to finish. But is hiring an owner’s engineer worth it? In this article we’ll explore the pros and cons … Read more

Election Day Monday in Alberta: Political Divisiveness a Threat to Alberta Economy, Business Groups Say

May 30, 2023May 29, 2023 by The Canadian Press

CALGARY — As the Alberta election campaign heads into its final days, business groups are warning that increased divisiveness and political extremism poses a threat to the province’s economic future.
“We’re worried about societal and political polariz…

U.S. Oil & Gas Rigs Fall in May by Most in a Month Since 2020

May 29, 2023May 29, 2023 by EnergyNow Media

The U.S. oil and gas rig count fell by 44 this month, the biggest drop in three years, after energy firms this week cut rigs for a fourth week in a row, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas rig count, an early indicator … Read more

ConocoPhillips to Buy Full Control of Surmont Oilsands Project, Thwarting Suncor

May 29, 2023May 29, 2023 by The Canadian Press

CALGARY — U.S. oil company ConocoPhillips said Friday it will exercise its right of first refusal and purchase TotalEnergies’ 50 per cent stake in the Surmont oilsands project for $4 billion.
The Houston-based oil company is currently the operator and…

THIS WEEK! The Indigenous Partnerships Success Showcase (IPSS) Will Be Groundbreaking – Details Here

May 28, 2023May 28, 2023 by EnergyNow Media

The Indigenous Partnerships Success Showcase (IPSS) will be groundbreaking. Do you know that the Government of Canada is making a commitment that 5% of procurements must come from Indigenous-owned businesses? We have two Government of Canada experts discussing just this. CEO of Blackfish Enterprises, Chris Sankey will unpack the essentials of effective negotiations, including … Read more

Schachter’s Eye on Energy: OPEC Jawbones Crude Futures Bears. WTI Rises By US$3/b In Recent Days Ahead Of Next OPEC Meeting On June 4th.

May 27, 2023 by EnergyNow Media

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 37 energy, energy service and pipeline & infrastructure companies with regular updates. We also hold quarterly webinars and provide Action BUY … Read more

Tear gas taints the air as TotalEnergies annual meeting rejects climate activist resolution

May 27, 2023 by EnergyNow Media

PARIS, May 26 (Reuters) – TotalEnergies shareholders rejected an activist resolution on Friday urging faster cuts to the oil major’s greenhouse gas emissions programme after police intervened to stop climate protesters disrupting its annual general meeting. The resolution, filed by climate group Follow This and 17 institutional investors with a total 1.1 trillion euros under … Read more

David Yager – How Will Ottawa Enforce Canada’s 2030 Emission Reduction Targets?

May 27, 2023May 27, 2023 by EnergyNow Media

David Yager – Revisted from January, 2023 There has been significant public debate about the new federal emissions reduction targets for 2030 and the parallel “Just Transition” discussion document titled “Committee on Natural Resources (RNNR) Creating a Fair and Equitable Canadian Energy Transformation. Wednesday June 1, 2022.” This document is the source of the published … Read more

10-Year Production Outlook for Canadian Oil Sands Raised for First Time in More Than Half Decade

May 27, 2023May 27, 2023 by EnergyNow Media

May 25, 2023 PR Newswire CALGARY, AB – Higher crude prices and continued optimization improvements have driven the first upward revision to the S&P Global Commodity Insights 10-year oil sands production outlook in more than half a decade. The new forecast, produced by the S&P Global Commodity Insights Oil Sands Dialogue, expects Canadian oil sands production to reach … Read more

Oil Prices Rise as US Closes in on Debt Deal

May 27, 2023May 27, 2023 by EnergyNow Media

Summary Benchmarks post second week of gains Markets debate OPEC+ plans ahead of next week’s meeting Fed ‘pause’ on rate hikes in doubt after strong US data U.S. oil rigs fell five to 570 this week -data HOUSTON, May 26 (Reuters) – Oil prices ticked up on Friday as U.S. officials appeared close to striking … Read more

Join 200+ OPEX Industry Trailblazers, Visionaries, and Changers for the 10th Operational Excellence in Energy, Chemicals & Resources – June 6-8, 2023, Calgary

May 27, 2023May 27, 2023 by EnergyNow Media

The Calgary Operational Excellence in Energy, Chemicals & Resources Summit is the most inspiring showcase of industry innovation in Canada. Now in its 10th year, the summit brings together over 200 senior level executives to share use cases and showcase trailblazing technologies that will transform your operations. It’s the best place to discover powerful solutions … Read more

Closer Than it Should Be: Danielle Smith’s Gaffes Put Canada Oil Heartland Up for Grabs

May 27, 2023May 27, 2023 by EnergyNow Media

danielle smith at podium 1200x810 jan 11 2023

If it’s always about the economy, Alberta Premier Danielle Smith and her United Conservative Party should be cruising toward re-election on Monday. The energy-producing province’s unemployment rate is lower than it’s been for most of the past decade. Inflation is running cooler than the Canadian average. And oil prices are higher than those the … Read more

Suncor Energy provides update on acquisition of TotalEnergies’ Canadian operations

May 26, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 26, 2023) – Suncor Energy (TSX: SU) (NYSE: SU) (“Suncor”) announced that it has been notified that ConocoPhillips Canada (“ConocoPhillips”) has elected to exercise their right of first refusal with respect to TotalEnergies’ 50% working interest in the Surmont asset. Suncor’s agreement to close the transaction to acquire TotalEnergies’ Canadian … Read more

ROK Resources files financial results and management discussion & analysis for the first quarter of 2023

May 26, 2023 by EnergyNow Media

REGINA, SK / ACCESSWIRE / May 26, 2023 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(TSXV:ROK.WT)(OTCQB:ROKRF), has filed its interim Financial Results and Management Discussion and Analysis for the three months ended March 31, 2023. Financial and Operating Highlights In Q1 2023, the Company realized production volume of 372,570 total boe (4,140 boe/d), resulting in crude … Read more

US Natgas futures fall 4% to two-week low on lower demand forecast

May 26, 2023 by EnergyNow Media

U.S. natural gas futures fell about 4% to a two-week low on Friday on a collapse in global gas prices, record U.S. output, rising Canadian exports and forecasts for milder U.S. weather and lower than previously expected demand next week, which includes the U.S. Memorial Day holiday on Monday. Prices declined despite a lack of … Read more

Oil Ticks Up Amid OPEC+ Supply Cut Uncertainty

May 26, 2023 by EnergyNow Media

LONDON, May 26 (Reuters) – Oil prices ticked up on Friday, as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. Brent crude was up 54 cents at $76.80 a barrel at 1159 GMT, while U.S. West Texas Intermediate rose 67 cents to $72.50 a … Read more

Russia leaning towards leaving oil output unchanged ahead of OPEC+ meeting

May 26, 2023 by EnergyNow Media

Summary OPEC+ holds summit on June 4 in Vienna Putin says energy prices approaching “justifiable” levels Novak does not expect new steps from OPEC+ Russia has already pledged cuts of 0.5 mln bbl/day MOSCOW, May 26 (Reuters) – Russia is leaning towards leaving oil production volumes unchanged ahead of an OPEC+ policy meeting on June … Read more

Eight Things You Should Know About LNG – Geoffrey Cann

May 26, 2023 by EnergyNow Media

By Geoffrey Cann I’ve written hundreds of articles about the liquefied natural gas (LNG) industry, and I’m still learning stuff I didn’t know. At an LNG conference last week, I heard speakers share perspectives on a range of topics that warranted a reminder of the nuances of this fascinating industry. Here’s eight things about LNG that you … Read more

U.S. Energy Update: U.S. Oil and Gas Auction Yields Nearly $80 Mln for Federal Coffers

May 26, 2023May 26, 2023 by EnergyNow Media

The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden’s landmark climate change law, attracting more than $78 million in high bids for leases in New Mexico and Kansas. The federal auction was just the second to be held in New Mexico, … Read more

Petrus Resources Announces Monthly Activity Update

May 26, 2023 by EnergyNow Media

CALGARY, Alberta, May 25, 2023 (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 property exploitation, … Read more

Unparalleled Support: Sideworx Connect Has Emergency Labour Crews

May 28, 2023May 26, 2023 by EnergyNow Media

What is Sideworx Connect? Sideworx Connect is a staffing company that offers a wide range of solutions to meet the needs of businesses in various industries. From temp workers to full-time placements, Sideworx Connect provides flexible scheduling and customizable staffing solutions to businesses across Canada. In addition, Sideworx Connect has proven experience in providing … Read more

The High Price of Being a Green Canadian – Stewart Muir: Resource Works

May 26, 2023May 26, 2023 by EnergyNow Media

the high price of being a green canadian 1200x810

Doing business in BC means shelling out more to deal with carbon costs, writes Stewart Muir. Stewart Muir, Resource Works’ founder, argues that Canadian businesses are at a disadvantage with the pricing system on greenhouse gasses. More News and Views From Resource Works Here At the heart of British Columbia’s economic saga unfolds a narrative, … Read more

WATCH: Pierre Poilievre: “This Election, There’s Only One Option: A Vote for Danielle Smith and the United Conservatives.”

May 25, 2023 by EnergyNow Media

pierre poilerve in calgary 1200x810 feb 15 2023

Pierre Poilievre: “This Election, There’s Only One Option: A Vote for Danielle Smith and the United Conservatives.” The future of Alberta’s and Canada’s energy industry is at stake in Alberta’s election. Encourage your family, friends, co-workers and local business to vote for the Alberta’s energy industry and job creators, creating more tax revenue for schools, … Read more

Hemisphere Energy Announces 2023 First Quarter Results, Declares Quarterly Dividend, Renews Credit Facility, and Provides Operations Update

May 25, 2023 by EnergyNow Media

Vancouver, British Columbia–(Newsfile Corp. – May 25, 2023) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) provides its financial and operating results for the first quarter ended March 31, 2023, declares a quarterly dividend payment to shareholders, renews credit facility, and provides operations update. Q1 2023 Highlights Produced a record quarterly average of … Read more

You’re Paying for Ottawa’s Addiction to EV Gambling: Kenneth P. Green – Fraser Institute

May 25, 2023 by EnergyNow Media

In my high school yearbook, my mother inscribed: “Good, Better, Best! Never let it rest ‘til you make your good better and your better best!” The Trudeau government seems determined to stand this idea on its head—Bad, Badder, Worst! Never stop at first! Make your bad ideas badder, and your badder worst! So, despite … Read more

Stellantis CEO’s Relentlessness Reemerges as Car Dynamics Shift

May 25, 2023May 25, 2023 by EnergyNow Media

In Italy, Stellantis NV is cutting jobs and being accused of skimping on janitorial work. In the US, it’s offering buyouts to scores of staff and has idled a Jeep factory. In Canada, the carmaker halted construction of a new battery facility, pending more government aid. And in the UK, it’s warned Parliament that post-Brexit trade rules and other issues could doom the country’s EV manufacturing prospects. All this adds … Read more

Oil Eases as Russia Downplays Additional OPEC+ Cuts

May 25, 2023 by EnergyNow Media

(Reuters) – Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC+ production cuts at its meeting next week. Brent crude futures was down 41 cents, or 0.5%, to $77.95 a barrel at 0815 GMT. U.S. West Texas Intermediate crude (WTI) fell 51 cents, or 0.7%, … Read more

Solar power due to overtake oil production investment for first time – IEA

May 25, 2023 by EnergyNow Media

LONDON, May 25 (Reuters) – Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency said on Thursday, with solar projects expected to outpace outlays on oil production for the first time. Annual investment in renewable energy is up by nearly a quarter since 2021 compared … Read more

Column: Supply Anxiety is the New Hope for Developing Energy Transition Mines

May 25, 2023 by EnergyNow Media

By Clyde Russell May 25 (Reuters) – Can “supply anxiety” drive the next mining boom and deliver the minerals vital for the energy transition? A fear that the world won’t produce enough copper, lithium, aluminium and other metals vital for electrifying virtually everything that runs on fossil fuels is an increasingly common theme. Almost every … Read more

US Offers Oil and Gas Drilling Rights in First Auction Since Biden’s IRA

May 25, 2023 by EnergyNow Media

(Reuters) – The U.S. on Thursday will hold its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden’s landmark climate change law, with more than 10,000 acres (40.5 square kilometers) on offer in New Mexico and Kansas. The federal lease auction is just the second to be … Read more

Alberta Wildfires Ease, and Canada Natgas Exports Recover

May 29, 2023May 25, 2023 by EnergyNow Media

Firefighters have made “significant progress” in tackling wildfires in Alberta thanks to rain and cooler temperatures, provincial government officials said on Wednesday, as Canadian natural gas exports to the U.S. rebounded after nearly three weeks of lower flows. Many oil and gas companies that shut in production as a precaution have restarted operations or are … Read more

Shale R&D Cuts Cast Shadow on Future of US Oil Production

May 25, 2023 by EnergyNow Media

(Reuters) – Shale technology advances that propelled the U.S. to the top global oil producer spot with world-beating growth rates are falling fewer and farther between as drilling budgets shrink and with them, the research and development that might deliver the next great leap. Inventions, such as directional drilling and hydraulic fracking, spurred U.S. oil … Read more

The ‘Big 4’ Drivers of Coal Imports and Power Emissions

May 25, 2023May 25, 2023 by EnergyNow Media

May 24 (Reuters) – Just four countries account for over half of all thermal coal imports and more than 70% of global power sector emissions from coal use, data shows, underscoring the extent of global dependence on these nations when it comes to cutting pollution. China, India, The Philippines and Vietnam accounted for 53% of … Read more

It’s Coming! boom jet club Announces Launch of Private Jet Service in Western Canada

May 25, 2023 by EnergyNow Media

boom jet club, a cutting-edge transportation and logistics technology start-up, unveils its highly anticipated private jet service in Western Canada SASKATOON, SK, CANADA, May 23, 2023/EINPresswire.com/ — boom jet club, a cutting-edge transportation and logistics technology start-up, is excited to unveil its highly anticipated private jet service in Western Canada. The company announced today that … Read more

Alberta’s Taxpayer Protection Act Expansion is Strong Commitment to Taxpayers

May 25, 2023May 25, 2023 by EnergyNow Media

Taxpayer Protection Act would stop personal and business tax hikes in Alberta LETHBRIDGE, AB: The Canadian Taxpayers Federation is applauding the United Conservative Party’s promise to prioritize the expansion of the Taxpayer Protection Act and urging the party to guard against a provincial carbon tax in Alberta. “The Taxpayer Protection Act is one of the strongest … Read more

Indigenous Leadership in an Era of Energy Transformation

May 25, 2023May 25, 2023 by EnergyNow Media

Why Indigenous oil and gas has a role to play in Canada’s energy future. Melissa Mbarki, Chris Sankey and Cody Ciona discuss our energy future at IPSS 2022 (PHOTO BY DARRYL DYCK FOR IPSS). More News and Views From Resource Works Here Chris Sankey believes now is the time for Indigenous communities to play a … Read more

Is It Time to Rethink Hydro? – ENERGYminute

May 25, 2023May 25, 2023 by EnergyNow Media

Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE It’s hard enough for each country to figure out how to supply its people with enough electricity using sources that are readily available locally. Getting every country to pivot to just a few sources prescribed by a handful of academics is looking to be as … Read more

Preparing Your Organization for the Coming Energy Transition – The Report

May 25, 2023May 25, 2023 by EnergyNow Media

With an energy trilemma upon us and net-zero deadlines creeping ever closer, there’s never been a greater demand – or sense of urgency – to act on our commitments to decarbonize, both in Canada and around the world. An EY report shows it will take innovative, out-of-the box thinking if we are to challenge our … Read more

OPEC+ Credibility on Line with Talk of More ‘Ouching’: John Kemp

May 24, 2023 by EnergyNow Media

Saudi Arabia’s energy minister has warned speculators to “watch out” – an implied threat to cut production again to drive prices higher when ministers from the expanded OPEC+ group of exporters meet on June 4. “I keep advising them (speculators) that they will be ouching, they did ouch in April, I don’t have to show … Read more

U.S. Crude Stockpiles Post Massive Surprise Drawdown – EIA

May 24, 2023 by EnergyNow Media

storage strategic reserve1200x810 dec 1 2022

U.S. crude oil and distillate inventories fell unexpectedly last week, while gasoline stockpiles declined more than forecast, the Energy Information Administration said on Wednesday. Crude inventories fell by 12.5 million barrels in the week to May 19 to 455.2 million barrels ahead of the driving-intensive Memorial Day weekend holiday, compared with analysts’ expectations in a … Read more

Canada natgas exports to US back at levels seen before Alberta wildfires

May 24, 2023May 24, 2023 by EnergyNow Media

Canadian natural gas exports to the U.S. this week returned to levels seen before wildfires in Alberta and other western provinces over the past three weeks forced producers to shut oil and gas wells and cut the amount of fuel flowing in pipelines. That return to normal gas flows from Canada caused U.S. gas futures … Read more

Hydrogen Hype is Raging But Can’t Lure Investor Cash to Europe

May 24, 2023 by EnergyNow Media

As Europe seeks to exit fossil fuels, a relatively unproven alternative is forming the backbone of its clean-energy plans — but failing to convince investors. Hundreds of hydrogen projects have been floated by governments in the past years, yet only 7% of those have the financing to start construction, according to data compiled by Bloomberg … Read more

Top Solar Firm Warns Excess Capacity May Bring Wave of Failures

May 24, 2023 by EnergyNow Media

China’s world-leading solar industry could face a wave of bankruptcies if the current aggressive expansion of manufacturing capacity continues, according to the sector’s biggest player. More than half of China’s solar manufacturers could be forced out in the next two to three years because of excess capacity, Li Zhenguo, president of Longi Green Energy Technology … Read more

Norway oil drilling labour unions seek mediation as wage talks falter

May 24, 2023 by EnergyNow Media

Summary Oil exploration workers’ wage talks break down No strike allowed before mediation talks Risk of strike later in year if mediation fails Production workers separately agreed deal this month OSLO, May 24 (Reuters) – Wage talks involving around 8,000 oil drilling workers in Norway broke down early on Wednesday, labour unions said, raising the … Read more

Oil Prices Up After Bullish Saudi Comments, Falling U.S. Stockpiles

May 24, 2023 by EnergyNow Media

May 24 (Reuters) – Oil prices rose on Wednesday after data showed U.S. inventories and fuel supplies tightening and following a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+ output cuts. Brent crude futures rose 88 cents, or 1.2%, to $77.72 a barrel by 0837 GMT, while U.S. West … Read more

Kelt restarts production in British Columbia previously impacted by wildfires

May 24, 2023 by EnergyNow Media

May 23, 20232:30 PM Newsfile Calgary, Alberta – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) is providing an update on the wildfire situation in northeastern British Columbia in the vicinity of Fort St. John. As previously reported, Kelt had safely evacuated all of its personnel in its operating region at Oak, which is approximately 35 kilometres … Read more

Obsidian Energy Alberta wildfire update: Additional fields coming back online

May 24, 2023May 24, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 23, 2023) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to provide an update on the status of our operations impacted by recent Alberta wildfires. Widespread rain over the weekend in Alberta helped to slow wildfire spread, bringing relief to some local … Read more

Whitecap Resources Inc. announces receipt of proposal letter from the Canada Revenue Agency to reassess and intention to defend

May 24, 2023 by EnergyNow Media

CALGARY, AB – Whitecap Resources Inc. (“Whitecap“) (TSX: WCP) announces that it has received a letter (the “Proposal Letter“) from the Canada Revenue Agency (the “CRA“) advising that, subject to submissions by Whitecap, the CRA is proposing to reassess a former subsidiary of Whitecap to deny non-capital loss deductions relevant to the calculation of income taxes for … Read more

Helium Evolution Announces Filing of First Quarter 2023 Financial Results

May 24, 2023 by EnergyNow Media

Strong balance sheet, upcoming drilling program and new seismic drive HEVI closer to the ultimate goal of helium production CALGARY, Alberta, May 23, 2023 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, today announced the filing of the Company’s interim condensed financial … Read more

Participate in ECO Canada’s Demographic and Salary Survey for a Chance to Win One of 10 – $100 Gift Cards

May 24, 2023May 24, 2023 by EnergyNow Media

ECO Canada wants to provide environmental workers and their employers with up-to-date insights that will help them navigate these changing times. Our 2023 Demographic and Salary survey is designed to do just that – but we need your help! By completing this survey, you will help us to illuminate key demographic and compensation trends and … Read more

When Should Induction Be Used for Field Heat Treatment?

May 24, 2023May 24, 2023 by EnergyNow Media

Field Heat treatment is an indispensable process in the metalworking industry, often carried out to alter the physical and sometimes chemical properties of a material. While induction heating has grown more popular in recent years, the technology has been long used by field heat treatment technicians. However, the question remains: when should induction be used … Read more

Indigenous Partnerships Success Showcase (IPSS) 2023 – June 1 & 2, Vancouver – Indigenous Entrepreneurs are Redefining the Possible – Details & Tickets Here

May 24, 2023May 24, 2023 by EnergyNow Media

Indigenous entrepreneurs are redefining the possible. The Indigenous Partnerships Success Showcase (IPSS) 2023 brings together the people redefining what Indigenous economic reconciliation looks like. IPSS is dedicated to showcasing incredible speakers like: National Chief of the Assembly of First Nations, Chief RoseAnne Archibald, a dedicated advocate and representative who has committed her life to community … Read more

OPEC sec general says underinvestment could trigger oil market volatility

May 24, 2023May 24, 2023 by EnergyNow Media

DUBAI, May 22 (Reuters) – OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth. He also said the world needs to focus on reducing green house gas emissions rather than replacing one form of energy with … Read more

Stellantis ‘Deal’ Underscores Intrinsic Problems with Corporate Welfare

May 23, 2023 by EnergyNow Media

Automaker Stellantis recently halted construction of its electric vehicle battery factory in Windsor because the Trudeau government has not delivered a promised $500 million to help with capital costs. In addition, the firm now wants a deal more competitive with the United States—specifically, a deal that matches the slew of subsidies introduced in the Biden administration’s Inflation … Read more

Oil rises on supply outlook, Saudi speculator warning

May 23, 2023 by EnergyNow Media

Summary Saudi Arabia warns speculators ahead of OPEC+ meeting Biden and McCarthy aides hunt for bipartisan debt ceiling deal U.S. crude inventories expected to rise Coming up: API supply report, 2030 GMT TOKYO, May 23 (Reuters) – Oil rose on Tuesday as support from a tighter market outlook due to a seasonal rise in gasoline … Read more

Shell CEO shielded by security as climate protesters try to storm shareholder meeting

May 23, 2023 by EnergyNow Media

LONDON, May 23 (Reuters) – Security staff shielded Shell (SHEL.L) Chief Executive Wael Sawan and the firm’s board of directors as climate protesters tried unsuccessfully to storm the stage at the energy giant’s annual shareholder meeting in London on Tuesday. Shell Chairman Andrew Mackenzie was unable to start the energy giant’s annual general shareholder meeting an hour … Read more

NuVista restarts most of its operations as wildfire concerns ease

May 23, 2023May 23, 2023 by The Canadian Press

CALGARY — NuVista Energy Ltd. says it was able to restart most of its operations over the weekend as more favourable winds and weather helped ease the wildfire situation near its operations in Alberta.
Light rain and cooler temperatures slowed down wi…

Saudi Energy Minister Tells Oil Speculators to ‘Watch Out’

May 23, 2023 by EnergyNow Media

Saudi Arabia’s top energy official issued another warning to oil short-sellers, just over a week before the OPEC+ alliance is due to meet.Riyadh and its partners surprised crude traders last month by announcing output cutbacks intended to scare off speculators. But money managers have turned bearish again in recent weeks amid fears of a weaker … Read more

More Than 100 US, EU Politicians Want Oil CEO Removed as COP28 Head

May 23, 2023 by EnergyNow Media

More than 100 US and EU lawmakers appealed to the leaders of their countries and the United Nations to oust oil executive Sultan Al Jaber as head of this year’s COP28 climate summit. The politicians also asked that further steps be taken to limit the influence of fossil-fuel companies at the talks to be hosted by the United Arab … Read more

Wildfires in Western Canada Decline With Better Conditions Ahead

May 23, 2023May 23, 2023 by EnergyNow Media

The number of fires burning in Canada’s top energy-producing province of Alberta declined over the weekend, and cooler temperatures and rain in the days ahead are expected to provide further relief. Alberta had 81 fires, 23 of them out of control, as of Monday afternoon, Christie Tucker, a spokesperson for Alberta Wildfire, said at a … Read more

NuVista Energy Ltd. Provides Update on Wildfire Impact in Grande Prairie Operations

May 23, 2023 by EnergyNow Media

CALGARY, Alberta, May 23, 2023 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (TSX:NVA, “NVA” or the “Corporation”) would like to provide an update on the ongoing wildfire situation in the Grande Prairie area. As previously advised, several of our fields were shut in on May 5th as a precautionary measure to ensure the protection of our people, … Read more

Commentary: Climate Activists Continue Their Confusing Crusade

May 23, 2023May 23, 2023 by EnergyNow Media

protestors end fossil fuels now 1200x810

A recent story by BNN Bloomberg—headlined “Drop the ‘Natural’ in Natural Gas, Climate Activists Urge US Officials”—notes that an environmental advocacy group called “Gas Leaks” wants the United States Federal Trade Commission (FTC) to rename the substance we all currently know as, well, natural gas. Apparently, climate activists believe the term “natural gas” carries overly positive connotations … Read more

MEET THE NEW SQA – Canadian UAVs Welcomes the Newest Member to its Fleet of Advanced Remotely Piloted Aircraft Systems – The SQA!

May 26, 2023May 23, 2023 by EnergyNow Media

The C-Astral SQA RPAS is known for its high-quality imaging and reconnaissance capabilities, which make it ideal for aerial photography, surveying, mapping, and emergency response. It also has a long flight time and can cover large areas quickly and efficiently. Our unit comes with two downward-facing payloads, an integrated optical/infrared mapping payload and a 61mp … Read more

Lower Taxes are Better for Business – AEG

May 23, 2023May 23, 2023 by EnergyNow Media

PRESS RELEASE – Alberta Enterprise Group (AEG) Alberta Enterprise Group (AEG) exists to make Alberta a better place to live and do business, and thereby creating long-term and unprecedented prosperity for every Albertan. Over the years, we’ve succeeded in sharing Alberta’s story with the world. We effectively communicate the benefits of doing business in our … Read more

Strengthening the Taxpayer Protection Act by the UCP is a Huge Win for Alberta

May 23, 2023May 23, 2023 by EnergyNow Media

The promise from the United Conservative Party to shield Albertans from future tax hikes is a game changer for working people and entrepreneurs. The UCP is pledging to add personal income tax and business tax hikes to Taxpayer Protection Act. Currently, the Taxpayer Protection Act is one of the strongest laws protecting taxpayers in North America. If … Read more

Western Canada Oil a Major Theme in Alberta Politics a Week Ahead of Vote

May 24, 2023May 23, 2023 by EnergyNow Media

OTTAWA, May 23 (Reuters) – The fortunes of Alberta’s politicians often go hand-in-hand with the Western Canadian province’s oil and gas sector, its biggest industry, and the question of who will be its greatest advocate is a major theme in the final week before Albertans pick their leader. Polls are split on whether Premier Danielle … Read more

Trudeau Federal Government Wants to, Yet Again, Renew Flawed Equalization Formula

May 23, 2023May 23, 2023 by EnergyNow Media

Recently in Parliament, the Trudeau government tabled a motion, which if passed, would implement parts of the 2023 federal budget. On its face, it was a rather routine bureaucratic maneuver. But buried on page 194 of the 415-page motion lies the renewal of the current formula for Canada’s equalization program. While the move hasn’t yet … Read more

Oil Steady as U.S. Default Risk Offsets Demand Outlook

May 22, 2023 by EnergyNow Media

SINGAPORE, May 22 (Reuters) – Oil prices were steady on Monday as caution relating to U.S. debt ceiling talks dragged on optimism over demand later in the year and offset support from lower supplies from Canada and OPEC+ producers. Brent crude futures rose 17 cents, or 0.2%, to $75.75 a barrel by 1111 GMT, while … Read more

Alberta Wildfires Persist Over Weekend as Outages Weigh on Canadian Oil Stockpiles

May 22, 2023May 22, 2023 by EnergyNow Media

The wildfire situation in Canada’s top energy-producing province of Alberta remained volatile over the weekend, while the disruptions to oil and gas production now have buyers facing supply cuts. At least two buyers were notified this week of force majeures and cuts of 5% or more to their receipts of low-sulfur Canadian crude this month, … Read more

Breakthrough in Level Indication: Magnicator® with Guided Wave Radar Technology

May 22, 2023 by EnergyNow Media

Introduction: Experience a new era of level measurement confidence with the revolutionary Magnicator® equipped with Guided Wave Radar (GWR) technology. This cutting-edge solution combines the precision of Guided Wave Radar with the reliability of a Magnetic Level Gage, setting an unprecedented benchmark for accurate and redundant level indication. The Magnicator with GWR is redefining the … Read more

Every Game-Changing Project Starts with an Idea – Kent Consulting Brings That Idea to Life

May 22, 2023May 22, 2023 by EnergyNow Media

When problems are solved with technical ingenuity and risk-based solutions, profit flows faster. But every industry-defining move must be built on a strong foundation… consultancy which reaches beyond the obvious to deliver value across the entire asset lifecycle. From idea to implementation We assess, analyse, determine and develop solutions through a structured process – from … Read more

Alberta Election: UCP Platform Gets Passing Grade for Commitment Not to Raise Taxes and Law Requiring Balanced Budgets

May 22, 2023May 22, 2023 by EnergyNow Media

LETHBRIDGE, AB: The Canadian Taxpayers Federation welcomes the tax relief and balanced budgets in the United Conservative Party’s platform released today. “Albertans need tax relief and balanced budgets for life to be affordable, so it’s very good to see these commitments from the UCP,” said Kris Sims, Alberta Director for the Canadian Taxpayers Federation. “The Alberta … Read more

G7 alarms climate activists over support for gas investments

May 21, 2023 by EnergyNow Media

HIROSHIMA, Japan, (Reuters) – The Group of Seven rich nations put support for gas investments back into their communique on Saturday, calling it a “temporary” step as they try to de-couple from Russian energy, in a move climate activists say may hurt climate goals. The April meeting of G7 climate ministers eventually agreed, despite tussles … Read more

Oil supply won’t be affected by stricter price cap enforcement, IEA says

May 21, 2023 by EnergyNow Media

HIROSHIMA, Japan, May 21 (Reuters) – The International Energy Agency (IEA) does not expect moves by the Group of Seven nations to counter the evasion of price caps on Russian energy will change the supply situation for crude oil and oil products, the IEA’s Executive Director Fatih Birol said. The G7, the European Union and … Read more

Alberta Wildfires Persist as Outages Weigh on Canadian Oil Stockpiles

May 20, 2023 by EnergyNow Media

The number of wildfires in Canada’s top energy-producing province of Alberta held mostly steady on Friday, while the disruptions to oil and gas production now have buyers facing supply cuts.At least two buyers were notified this week of force majeures and cuts of 5% or more to their receipts of low-sulfur Canadian crude this month, … Read more

Judge Signals Hesitance to Shut Down Line 5 Pipeline, Pleads with Wisconsin Tribe to Work With Oil Company

May 20, 2023May 20, 2023 by EnergyNow Media

Associated Press A federal judge signaled Thursday he will not force an energy company to shut down an oil pipeline in northern Wisconsin, despite arguments from a Native American tribe that the line is at immediate risk of being exposed by erosion and rupturing on reservation land. The Bad River Band of Lake Superior Chippewa … Read more

Oil Slips as U.S. Debt Talks Pause, Fed Warns of High Inflation

May 20, 2023May 20, 2023 by EnergyNow Media

Summary US debt ceiling talks paused No decisions yet on US interest rates -Fed’s Powell Crude benchmarks notch first weekly gain in a month U.S. oil rig count falls by 11 to 575 this week (Reuters) – Oil prices fell on Friday, as investors worried that U.S. politicians will fail to agree on a new … Read more

US drillers cut most oil rigs in a week since Sept. 2021, Baker Hughes says

May 20, 2023May 20, 2023 by EnergyNow Media

May 19 (Reuters) – U.S. energy firms this week cut 11 oil rigs, the most in a week since September 2021, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. That follows last week’s cut of 17 natural gas rigs, which was the biggest drop since June 2020. The oil and gas rig … Read more

Yangarra announces operations and banking update

May 19, 2023 by EnergyNow Media

CALGARY, AB – Yangarra Resources Ltd. (“Yangarra” or the “Company”) (TSX: YGR) provides an operations and banking update. Operations Update Yangarra commenced drilling operations at Chedderville in early May, with six wells planned. Completions activity is expected to restart in late May at West Ferrier with an on-stream target of early June on five wells. Following the successful … Read more

Beyond Energy is excited to announce their presence at the SPE Western Regional Meeting in Anchorage, come visit booth H19

May 19, 2023 by EnergyNow Media

We’re excited to announce our presence at the upcoming SPE Western Regional Meeting in Anchorage, at the Marriott Anchorage Downtown, from May 22-25, 2023. Join us at Booth H19 as we showcase our latest innovations and solutions in Managed Pressure Drilling. It’s the perfect opportunity to connect with our team, learn about our cutting-edge technologies, … Read more

Baytex Provides Update with Respect to Closing of Ranger Acquisition

May 19, 2023 by EnergyNow Media

Calgary, Alberta – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) provides an update with respect to closing of the previously announced acquisition of Ranger Oil Corporation (“Ranger”) by Baytex (the “Merger”). Baytex has filed its Registration Statement on Form F-4 which has been declared effective by the U.S. Securities Exchange Commission (“SEC”). Baytex’s Registration Statement … Read more

G7 members should not compete against each other on renewables, von der Leyen says

May 19, 2023 by EnergyNow Media

(Reuters) – The Group of Seven (G7) rich nations should work together to access technology and secure sources of critical minerals for a green transition, creating additional manufacturing capacity rather than competition, a top European diplomat said on Friday. The G7 is accelerating its push towards greener technologies after Russia’s invasion of Ukraine disrupted decades-long … Read more

Wildfire risk spurs Alberta to close parks, urge caution ahead of holiday weekend

May 19, 2023 by EnergyNow Media

(Reuters) – Authorities in Canada’s main oil-producing province of Alberta have closed some parks and campgrounds and are urging residents to avoid activities that could enrage wildfires to avoid straining firefighting resources over the holiday weekend. Traditionally, residents spend the Victoria Day weekend outside as families take advantage of the warmer weather to go camping … Read more

Oil Rebounds on Fading Risk of U.S. Debt Default

May 19, 2023 by EnergyNow Media

May 19 (Reuters) – Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose $1.15, or 1.5%, to $77.01 a barrel by 1205 GMT, while West Texas Intermediate U.S. crude for July expiry climbed … Read more

Producer Update: Some Canadian Oil and Gas Producers Re-Curtail Output as Wildfires Persist

May 19, 2023May 19, 2023 by EnergyNow Media

Some oil and gas companies in Canada’s main crude-producing province Alberta were forced to re-curtail output as record-high temperatures and tinder-dry vegetation led to an intense, early start to wildfire season in western Canada this year. At one point the fires pushed more than 30,000 people out of their homes while oil and gas producers … Read more

G7 Urged to Phase out Fossil Fuels by Netherlands, Chile, Others

May 19, 2023 by EnergyNow Media

BRUSSELS, May 19 (Reuters) – Group of Seven rich nations must take the lead in phasing out fossil fuels, the leaders of seven countries including The Netherlands and Chile have said, attempting to build momentum for a global deal this year to gradually quit oil, coal and gas. Countries including the 27-member European Union are hoping … Read more

Trudeau Pushing Ontario to Pay More at ’11th Hour’ for Stalled Stellantis Plant, Ontario Premier says

May 19, 2023 by EnergyNow Media

Construction of EV battery facility halted this week Bloomberg Prime Minister Justin Trudeau’s government is unfairly demanding that Ontario pay more to subsidize an electric-vehicle battery plant at the “11th hour,” even after cutting provincial officials out of the negotiations, the province’s premier said. Stellantis NV halted construction on the facility in Windsor, Ont., earlier … Read more

Gas prices could rise for long weekend and into summer amid fires, economic worries

May 19, 2023May 19, 2023 by The Canadian Press

TORONTO — Experts say shifting factors including wildfires in Alberta, a slowing economy and potential pressures on supply will all have an effect on gas prices as the long weekend heralds the start of the summer.
“This weekend is the kickoff for sum…

Alberta Wildfires Hit Gas Flow Out of Canada to US, Spiking Prices

May 19, 2023May 19, 2023 by EnergyNow Media

Abnormally hot and dry weather is set to return to Alberta on Thursday after a couple of cooler days helped calm wildfires that have slowed the flow of natural gas out of Canada into the United States and lifted gas prices. Record-high temperatures and tinder-dry vegetation have led to an intense, early start to the … Read more

Putin’s energy blackmail of Europe has failed, commissioner says

May 18, 2023 by EnergyNow Media

VALLETTA, May 18 (Reuters) – Russian President Vladimir Putin’s attempt to blackmail Europe using energy resources has failed, but next year will still be challenging, the European Commissioner for Energy, Kadri Simson, said on Thursday. Speaking at a meeting of EU Mediterranean energy ministers in Malta, Simson said the Mediterranean region had played a key … Read more

Shell faces tense shareholder meeting as profits and climate collide

May 18, 2023 by EnergyNow Media

Shell will likely face one of its most acrimonious annual meetings next week as it struggles to balance investor pressure to capture profits from oil and gas and a vocal minority saying it must move faster to tackle climate change. Big Oil firms posted record profits last year amid soaring energy prices following Russia’s invasion … Read more

MEG Energy provides support to communities impacted by Alberta wildfires through the Canadian Red Cross Alberta Fires Appeal

May 18, 2023 by EnergyNow Media

CALGARY, AB – MEG Energy Corp. (“MEG” or the “Company”) (TSX: MEG) today announced that it made a $100,000 contribution to the Canadian Red Cross 2023 Alberta Fires Appeal and its efforts to support Albertans affected by wildfires. The fund supports the thousands of people who have been impacted by the wildfires in multiple regions across the province. “Our donation … Read more

Obsidian Energy Alberta Wildfire Update: Fields Coming Back Online

May 18, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 18, 2023) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to provide an update on the status of temporarily shut-in operations due to the impact of recent Alberta wildfires. The wildfire activity has largely decreased in the Pembina area at … Read more

Exxon Rebuts Proxy advisor, Says Net Zero Emissions Scenario ‘Unlikely’

May 18, 2023 by EnergyNow Media

Exxon Mobil Corp has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis, Exxon said the prospect of the world achieving net-zero carbon dioxide emissions by … Read more

More Cash Grab: Trudeau’s Second Carbon Tax Costs Average Family up to $1,157 by 2030: Parliamentary Budget Officer

May 19, 2023May 18, 2023 by EnergyNow Media

OTTAWA, ON: The Canadian Taxpayers Federation is calling on the federal government to scrap its impending second carbon tax following today’s Parliamentary Budget Officer report. “Canadians are already struggling to afford gasoline and groceries and the last thing we need is another carbon tax that makes life more expensive,” said Franco Terrazzano, Federal Director of the CTF. … Read more

Albertans pay lowest gas taxes in Canada

May 18, 2023 by EnergyNow Media

LETHBRIDGE, AB: The Canadian Taxpayers Federation is reminding drivers to fill up their vehicles in Alberta before taking a road trip out of province this May Long weekend. “Albertans have some of the lowest pump prices in Canada because we have the lowest fuel taxes in Canada,” said Kris Sims, Alberta Director for the Canadian Taxpayers … Read more

Trudeau Pushing Ontario to Pay Up for Stellantis Deal, Premier Says

May 18, 2023 by EnergyNow Media

Canadian Prime Minister Justin Trudeau’s government is unfairly demanding that Ontario pay more to subsidize an electric-vehicle battery plant at the “11th hour,” even after cutting provincial officials out of the negotiations, the province’s premier said. Stellantis NV halted construction on the facility in Windsor, Ontario, earlier this week after accusing Trudeau’s government of failing … Read more

Fires Threaten Oil Sands; ConocoPhillips Briefly Pulls Staff

May 18, 2023 by EnergyNow Media

Resurgent wildfires in Canada’s main energy-producing province prompted what may be the first round of evacuations in the country’s vast oil-sands producing region and are raising the possibility of more shut-ins in the days ahead. ConocoPhillips is restoring non-essential workers to its Surmont oil-sands site in Alberta after removing them Tuesday because of a wildfire … Read more

A Pipeline Pushed to the Limit Preceded Keystone’s Worst Oil Spill

May 18, 2023 by EnergyNow Media

When a seam joining two segments of the Keystone oil pipeline ruptured on a frigid night last December — spewing more than 12,000 barrels of heavy crude that polluted a Kansas creek — the disaster had already been years in the making. More than a decade ago, US regulators warned that the type of weld that … Read more

Oil Prices Ease as All Eyes on US Debt Ceiling Talks

May 18, 2023 by EnergyNow Media

(Reuters) – Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand. Brent crude futures dipped 37 cents, or 0.5%, to $76.59 a barrel as of 0841 GMT. U.S. West Texas Intermediate … Read more

Kiwetinohk provides wildfire safety and operations update

May 18, 2023 by EnergyNow Media

CALGARY, AB – Kiwetinohk today announced it has shut down production from its Placid field due to ongoing wildfires in the Fox Creek area. All personnel have been safely evacuated. Kiwetinohk’s Simonette and Placid facilities will remain shut-in until it is safe to re-start and 3rd party infrastructure is operational. Kiwetinohk continues to monitor this situation working closely … Read more

Whitecap Resources Inc. provides update on impact of the Alberta wildfires

May 18, 2023 by EnergyNow Media

CALGARY, AB, May 17, 2023 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) advises that wildfires in Alberta have continued to impact operations in northern Alberta and in northeast British Columbia. The safety and health of our employees and contractors continues to be our top priority and there has been no significant damage to … Read more

Whitecap Resources Inc. announces results of shareholders’ meeting, TSX approval for renewal of normal course issuer bid and confirms monthly dividend for May of $0.0483 per share

May 18, 2023 by EnergyNow Media

CALGARY, AB, May 17, 2023 /CNW/ – Whitecap Resources Inc. (“Whitecap”) (TSX: WCP) is pleased to announce that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 263,085,415 common shares representing 43.63% of Whitecap’s issued and outstanding common shares were voted in connection with … Read more

Schachter’s Eye on Energy: WTI Likely To Decline Below US$70/b In The Coming Weeks Providing Next Low Risk BUY Window For Energy Stocks.

May 18, 2023 by EnergyNow Media

Both Sides in Canada-U.S. Pipeline Debate Clash Today Over Cross-Border Line 5

May 18, 2023May 18, 2023 by The Canadian Press

WASHINGTON — North America’s existential debate about the virtues and dangers of oil and gas pipelines faces a critical test today in Wisconsin.
That’s where a district court judge will hear arguments about whether or not to shut down Line 5, a criti…

Saskatchewan Running Coal Power Later than 2030 Would be Illegal: Steven Guilbeault

May 18, 2023May 18, 2023 by The Canadian Press

OTTAWA — Environment Minister Steven Guilbeault says it would be against the law for Saskatchewan to run its coal-fired power plants after 2030, unless the emissions from those plants are captured.
Canada’s five-year-old regulations on coal power requ…

BP subsidiary agrees to record $40M penalty and pollution-cutting steps at Lake Michigan refinery

May 18, 2023May 18, 2023 by The Canadian Press

TRAVERSE CITY, Mich. (AP) —
A BP subsidiary will pay a $40 million penalty and install technology to control releases of benzene and other contaminants at its Whiting oil refinery on the Indiana shoreline of Lake Michigan, Biden adminis…

First nuclear fusion plants to need $7 billion supply chain

May 18, 2023May 18, 2023 by EnergyNow Media

WASHINGTON, May 17 (Reuters) – Companies looking to harness the process that powers the sun and stars to generate electricity expect to spend about $7 billion by the time their first nuclear fusion plants come online, a survey published on Wednesday said. Fusion occurs when the nuclei of two light atoms such as hydrogen, heated … Read more

Korean Company Invests US$50 Million in Canadian Green Hydrogen Project

May 18, 2023May 18, 2023 by The Canadian Press

TORONTO — A subsidiary of South Korean company SK Group has signed a deal with World Energy GH2 to buy a minority stake in a Canadian green hydrogen project for US$50 million.
Under the deal, SK ecoplant will acquire a 20 per cent stake in the first s…

Mind the Gap! The Reality of Ongoing Fossil Fuel Versus Renewable Ambition

May 18, 2023May 18, 2023 by EnergyNow Media

(Reuters) – Australia’s vast liquefied natural gas (LNG) industry is trying to pull off something that seems almost impossible. They want to lead the transition to clean and renewable energy, while at the same time continuing to invest in, and produce fossil fuels. The over-arching message from the industry annual conference was that the LNG … Read more

Gear Energy Ltd. Announces April Monthly Update to Shareholders

May 17, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 17, 2023) – Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) (OTCQX: GENGF) is pleased to announce that the new April 2023 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

Touchstone confirms CEO Settlement with the Alberta Securities Commission

May 17, 2023 by EnergyNow Media

CALGARY, AB / ACCESSWIRE / May 17, 2023 / Touchstone Exploration Inc. (TSX, LSE:TXP) (“Touchstone” or the “Company”) announces that its President and Chief Executive Officer, Paul Baay, has entered into a Settlement Agreement with the Alberta Securities Commission (the “ASC”) in relation to a breach of Section 147(4) of the Securities Act (Alberta) (the “Settlement Agreement”). Pursuant to the … Read more

Razor Energy Corp. provides Alberta wildfire update and production impact

May 17, 2023 by EnergyNow Media

CALGARY, Alberta, May 17, 2023 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor”) (TSXV: RZE) advises that, as a result of recent developments in the status of the Alberta wildfires, it has shut-in its operated and non-operated production in Kaybob and Swan Hills. The production impact is approximately 2,500 boe/d between the two areas. At this time … Read more

Spartan Delta Corp. announces pro forma budget, updated guidance for 2023 and annual meeting voting results

May 17, 2023 by EnergyNow Media

CALGARY, AB, May 17, 2023 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to announce that its Board of Directors (the “Board“) has approved the pro forma capital expenditure budget and updated guidance for 2023, following the recent sale of the Company’s Gold Creek and Karr Montney assets (the “Asset Sale“). The Company also announces the … Read more

Enbridge Punches Back on Line 5 Challenge: ‘Nothing but Counterfactual Speculation’

May 17, 2023May 17, 2023 by The Canadian Press

WASHINGTON — There is no “imminent threat” of Line 5 spilling crude oil in Wisconsin, lawyers for Enbridge Inc. say in a fresh batch of court documents on the eve of a hearing that could see the controversial cross-border pipeline shut down.
The stage…

Athabasca Oil Provides Alberta Wildfire Update

May 17, 2023 by EnergyNow Media

May 16, 2023 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) advises that due to the ongoing Alberta wildfires, the Company has shut-in two of its facilities at Kaybob within its Light Oil operations. The facilities have been shut-in as a precautionary measure due to changing wildfire conditions and the Company … Read more

G-20 Countries Avoid Climate Backslide Despite Rush for Energy

May 17, 2023 by EnergyNow Media

The world’s largest economies boosted policies to fight climate change despite last year’s energy crisis, allaying fears that cutting emissions would be pushed down the priority list amid a scramble for resources.Most Group-of-20 countries backed regulations that support the transition to renewables even as they took unprecedented steps to bolster energy security following Russia’s invasion … Read more

Shell to Use New AI Technology in Deep Sea Oil Exploration

May 17, 2023 by EnergyNow Media

(Reuters) – Shell Plc (SHEL.L) will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition’s AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil producer … Read more

Oil Steady as Demand Worries Face Tight Supply Outlook

May 17, 2023 by EnergyNow Media

Summary U.S. crude stockpiles rise 3.6 mln bbl – API Reuters poll forecast 900,000 bbl U.S. crude drawdown U.S. EIA inventory data due at 1430 GMT TOKYO, May 17 (Reuters) – Oil prices were steady on Wednesday after a surprise rise in U.S. crude inventories stoked demand concerns as economic worries competed with a tighter … Read more

Bad For Everyone – Alberta NDP Proposed Business Tax Hike Bad for Taxpayers

May 17, 2023May 17, 2023 by EnergyNow Media

LETHBRIDGE, AB: The Canadian Taxpayers Federation is giving the Alberta NDP’s plan to hike taxes a failing grade. “This NDP plan would hike taxes on job creators and that’s a reckless thing to do in a province that’s booming and hiring thousands of people,” said Kris Sims, Alberta Director for the Canadian Taxpayers Federation. “People are … Read more

Kelt advises of impact of British Columbia wildfires

May 17, 2023 by EnergyNow Media

Calgary, Alberta – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”), pursuant to an evacuation order issued as wildfires burn in close proximity to Fort St. John, has safely evacuated all of its personnel in its operating region at Oak, which is approximately 35 kilometres from Fort St. John. As a result, the Company has … Read more

The Labour Crunch: Why is There a Skilled Trades Shortage in Canada?

May 17, 2023May 17, 2023 by EnergyNow Media

A Perspective from Surepoint Group Canada is currently experiencing a shortage of skilled tradespeople, with many sectors, particularly Canada’s energy and construction industries, struggling to find qualified workers to fill job openings. “This shortage is having a significant impact on the Canadian economy, and it is likely to worsen in the coming years”, says … Read more

Confidentiality Matters! Is Your Broker on the Same Leasing Team as Your Landlord’s Broker?

May 17, 2023May 17, 2023 by EnergyNow Media

In the search for office space, tenants need to share their short and long-term goals, business plans and other confidential information about the company with their Broker. This isn’t something you would readily share with your competitors or a Landlord at the beginning of a negotiation. Opportunistic Landlords try to gain the upper hand by … Read more

Revolutionizing Gas Analysis: SICK Sensor Intelligence’s GM32 Gas Analyzer Achieves Class 1, Division 2 Certification

May 17, 2023May 17, 2023 by EnergyNow Media

After recent success with the conversion and certification of SICK’s MCS300 HW analyzer solution, esteemed partner, SICK Sensor Intelligence, SICK added another product to its lineup of those certified with Class 1, Division 2. With its direct, fast, and in-situ measurement capabilities, the GM32 sets a new standard for gas analysis in chemical processing settings. … Read more

LAST CHANCE TO REGISTER! – Fundamentals of ESG Management

May 17, 2023 by EnergyNow Media

The School of Public Policy reminds you to register now for the Fundamentals of ESG Management. Once again, Canada’s #1 policy school is home to the executive certificate that leads in ESG. With rave reviews since its inception in 2022, ESG Management returns this spring, welcoming professionals from all backgrounds. The course takes place at … Read more

Maximizing Break-Up: A Data-Driven Approach to Streamlined Operations

May 17, 2023 by EnergyNow Media

Should I be looking into ERPs during break-up? If you’re seeking ways to enhance operational efficiency, optimize processes, and stay ahead of the competition, YES! Enterprise Resource Planning (ERP) software is one powerful tool that can revolutionize your business operations. Among the leading providers in the market, Discovery Solutions stands out with its cutting-edge ERP … Read more

Pandell to Make European Debut with First Trade Show in Barcelona

May 17, 2023 by EnergyNow Media

The North American Land & GIS Software Leader Expands to the European Renewable Energy Market at Solar & Storage España Calgary, AB – May 9, 2023 | Pandell, a leading provider of land management software solutions for energy developers and operators, is excited to announce its first trade show in Europe, taking place in Barcelona … Read more

RMUS Canada: Drone Applications in Oil and Gas – Last Show – May 18 in Edmonton

May 17, 2023May 17, 2023 by EnergyNow Media

Companies focused on safety first have already well understood the benefits of leveraging drones. And, with increasingly advanced sensing and imaging technologies, it is now possible to efficiently deploy unmanned aerial systems and ground robots in a wide range of oil and gas applications, including inspection, monitoring and maintenance tasks. Some common examples, already deployed … Read more

Muddy Boots Measure: Meter Calibrations, Compositional Analysis, & More. How we do it Better, Faster and for Less.

May 17, 2023 by EnergyNow Media

Better Functionality Clean and easy-to-use interface. Simple tools for complex processes: scheduling, analysis validation, etc. Robust asset details on your schematic diagrams. Sample points, associated metering, and wellheads are mapped and linked to your analysis and calibrations. Client-controlled automated compositional acceptance rules. Faster Implementation Automated import tools make implementation quicker and more efficient (bulk loading … Read more

How EV Adoption Will Impact Oil Consumption (2015-2025P)

May 17, 2023May 17, 2023 by EnergyNow Media

The EV Impact on Oil Consumption As the world moves towards the electrification of the transportation sector, demand for oil will be replaced by demand for electricity. To highlight the EV impact on oil consumption, the above infographic shows how much oil has been and will be saved every day between 2015 and 2025 by … Read more

Top 3 Pitfalls of Using Acreage Math to Calculate Remaining Inventory

May 17, 2023May 17, 2023 by EnergyNow Media

BY CAYLEY KRYNOWSKY Inventory is king in 2023. Operators and investors alike are more concerned than ever about remaining inventory – who has it, where is it, and will it be economic? To answer these questions, most turn to the tried-and-true, but also tedious and time-consuming method of calculating future well locations – acreage math. Acreage … Read more

Canada ‘Extremely Concerned’ About Fate of Line 5 Pipeline in Wisconsin, Embassy Says

May 17, 2023May 17, 2023 by EnergyNow Media

WASHINGTON – Canada’s embassy in Washington says it is “extremely concerned” about the fate of the Line 5 cross-border pipeline. A court hearing Thursday in Wisconsin could determine whether the pipeline, owned and operated by Enbridge Inc., is allowed to continue operating. The Bad River Band of Lake Superior Chippewa says spring flooding has heightened the … Read more

LG, Stellantis Project Hangs in Balance as Canada Politicians Fight Over Money

May 17, 2023May 17, 2023 by EnergyNow Media

Canada’s industry minister says the Ontario government hasn’t committed to paying its “fair share” to help advance negotiations with automaker Stellantis NV over an electric-vehicle battery plant. Francois-Philippe Champagne said the Canadian government will be competitive with the US when it comes to the auto sector. “What we now need is for Ontario to pay … Read more

Saturn Oil & Gas Inc. Reports Q1 2023 Results and Record Production

May 16, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 16, 2023) – Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMKA) (OTCQX: OILSF) (“Saturn” or the “Company“) is pleased to report its financial and operating results for the three months ended March 31, 2023. “The first quarter of 2023 was a landmark period for Saturn that set new performance … Read more

Obsidian Energy Provides Update on Impact of Alberta Wildfires

May 16, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 16, 2023) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) provides an update on operations and employees impacted by recent Alberta wildfires. We continue to monitor the ongoing wildfire situation in Alberta as the protection and safety of our people, local communities, … Read more

Prairie Provident Announces Completion of Recapitalization Transactions and Closing of Fully Subscribed C$4 Million Equity Financing

May 16, 2023 by EnergyNow Media

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, May 16, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (TSX:PPR) (the “Company”), is pleased to announce the completion of its previously announced recapitalization transactions (collectively, the “Recapitalization”). The Recapitalization included the following principal transactions: closing today of the … Read more

Rise of the ICE Age – ENERGYminute

May 16, 2023 by EnergyNow Media

Courtesy of carthrottle.com Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Internal combustion engine vehicles may burn hot but EVs are the hot commodity right now. Despite that, EVs are being put on ice by their counterparts as age overcomes beauty. What happened: A new study from S&P Global Mobility found the average age of light-duty vehicles in the … Read more

Crescent Point Energy provides further update on Alberta wildfires

May 16, 2023 by EnergyNow Media

CALGARY, AB, May 16, 2023 /PRNewswire/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) advises that it has shut-in its Kaybob Duvernay production due to the ongoing Alberta wildfires. A portion of this production was recently reactivated in the prior week, however Crescent Point is temporarily shutting back-in the remainder of its … Read more

Big Money Rushes Into Carbon Capture. Can It Deliver This Time?

May 16, 2023 by EnergyNow Media

carbon capture april 18 2022 1200x810 with credit

The prospect of trapping carbon dioxide and storing it away so it can’t warm the planet has always been tantalizing. Now governments and companies are throwing their weight behind the technology as a way of solving the climate problem like never before. The oil and gas industry has long argued that real emissions reductions can be delivered by … Read more

Return of Fires in Canada’s Gas Region Prompts New Outages

May 16, 2023 by EnergyNow Media

A resurgence of wildfires across Canada’s main energy-producing province in recent days prompted some drillers to suspend portions of their production again, and officials are warning of worsening conditions in the days ahead. There were 90 active wildfires in Alberta as of Monday afternoon, with 23 considered out of control, Christie Tucker, a spokeswoman for … Read more

Stellantis Deal ‘Precarious’ Amid Talks With Trudeau, Union Says

May 16, 2023May 16, 2023 by EnergyNow Media

A union representing auto workers said a plan by Stellantis NV to build a new battery plant in Canada is growing more “precarious” as negotiations between the company and Prime Minister Justin Trudeau’s government drag on.Lana Payne, president of Unifor, said there isn’t much time left for the Canadian and provincial governments to reach a … Read more

COMMENTARY: Funds Bearish on Oil Even After Price Slide

May 16, 2023 by EnergyNow Media

(Reuters) – Portfolio investors are very bearish about the outlook for oil in the short term even though prices are already below their long-term average in real terms. Hedge funds and other money managers sold the equivalent of 17 million barrels in the six most important futures and options contracts over the seven days ending … Read more

IEA Says Oil Price Downturn Ignores Looming supply Crunch

May 16, 2023 by EnergyNow Media

(Reuters) – Weeks of declining oil prices due to concerns over a possible recession clash with the outlook for scarce supply and robust demand later in the year, the International Energy Agency said on Tuesday. “Prices were pressured lower by muted industrial activity and higher interest rates, which, combined have led to recessionary scenarios gaining … Read more

Oil Steadies as IEA Turns More Bullish on Oil Demand

May 16, 2023 by EnergyNow Media

(Reuters) – Oil futures steadied on Tuesday as support from a higher global demand forecast from the International Energy Agency (IEA) was countered by weaker than expected Chinese economic data. Brent crude futures eased by 11 cents, or 0.2%, to $75.12 a barrel by 0922 GMT while U.S. West Texas Intermediate crude was down 12 … Read more

Prairie Provident Resources Announces First Quarter 2023 Financial and Operating Results

May 16, 2023 by EnergyNow Media

CALGARY, Alberta, May 15, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the first quarter ended March 31, 2023. PPR’s interim financial statements and related Management’s Discussion and Analysis (MD&A) are available on our website at www.ppr.ca and filed on SEDAR at www.sedar.com. MESSAGE TO SHAREHOLDERS … Read more

NXT Energy Solutions Announces First Quarter 2023 Results

May 16, 2023 by EnergyNow Media

CALGARY, Alberta, May 15, 2023 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTCQB: NSFDF) today announced the Company’s financial and operating results for the quarter ended March 31, 2023. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Financial and Operating Highlights Key financial and operational highlights … Read more

U.S. Shale Production Set to Rise to Highest on Record in June

May 16, 2023 by EnergyNow Media

U.S. oil output from the seven biggest shale basins is due to rise in June to the highest on record, data from the Energy Information Administration showed on Monday. Oil output is set to rise by 41,000 barrels per day (bpd) to 9.33 million bpd, the EIA said. Crude output in the Permian Basin in … Read more

U.S. to buy 3 mln barrels to refill emergency oil reserve

May 16, 2023 by EnergyNow Media

The U.S. Department of Energy said on Monday it will purchase 3 million barrels of crude oil for the Strategic Petroleum Reserve for delivery in August, and asked that offers be submitted by May 31. U.S. Energy Secretary Jennifer Granholm had signaled to lawmakers late last week that her department could start repurchasing oil for … Read more

Western Canada Heavy Oil Differential Narrows on Wildfire Concerns

May 16, 2023May 16, 2023 by EnergyNow Media

Western Canada Select (WCS) heavy crude’s discount to the benchmark West Texas Intermediate (WTI) narrowed on Monday. WCS for June delivery in Hardisty, Alberta, traded $12.40 to $12.80 a barrel under the benchmark, according to brokerage CalRock. On Friday, the Canadian heavy benchmark had ended $12.80 a barrel below WTI. Benchmark Canadian heavy crude prices … Read more

AltaGas Ltd. closes aggregate $400 million medium term note offering

May 16, 2023 by EnergyNow Media

CALGARY, AB – AltaGas Ltd. (“AltaGas”) (TSX: ALA) today announced that it has completed its issue of $400 million of senior unsecured medium term notes (the “Offering”) with a coupon rate of 4.638 percent, maturing on May 15, 2026. The net proceeds resulting from the Offering will be used to pay down existing indebtedness under AltaGas’ credit facility and to refinance the … Read more

Creating A Data Culture in Oil and Gas – Geoffrey Cann

May 16, 2023May 16, 2023 by EnergyNow Media

By Geoffrey Cann A large integrated oil and gas company has invited me to address their global center for data excellence. That such an organizational creation is necessary is both telling for some and enlightening for others. Bus ta Move Many years ago, I helped a bus operator that provided worker transportation to oil and gas facilities with … Read more

Kiwetinohk provides wildfire safety and operations update

May 16, 2023 by EnergyNow Media

CALGARY, AB, May 15, 2023 /CNW/ – Kiwetinohk today announced it is currently ramping up production from its Placid field as the 3rd party infrastructure suspended due to proximity to wildfire is now operational. At this time, approximately two-thirds of Kiwetinohk’s Placid production has been restored. At Kiwetinohk’s Simonette operations, a fire to the south of the … Read more

Baytex Receives Shareholder Approval for Acquisition of Ranger and Reports Shareholder Meeting Results

May 15, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 15, 2023) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) is pleased to announce that shareholders of Baytex (“Baytex Shareholders”) today approved the previously announced merger (the “Merger”) with Ranger Oil Corporation (“Ranger”). Baytex also reports that all additional matters presented for approval at the annual and special meeting … Read more

Baytex provides update on the impact of the Alberta wildfires

May 15, 2023 by EnergyNow Media

Calgary, Alberta – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) is providing an update on the impact of the Alberta wildfires to its operations. Baytex advises that the ongoing wildfires are impacting its operations in the Peace River and Peavine regions of northwest Alberta. Baytex has safely evacuated its affected personnel. As a result of … Read more

Dead birds found at Suncor oilsands tailings ponds sites

May 15, 2023May 15, 2023 by The Canadian Press

CALGARY — The Alberta Energy Regulator says a total of 32 dead waterfowl have been found at two separate oilsands tailings ponds operated by Suncor Energy Inc.
The regulator says Suncor reported 27 dead birds — including 7 grebe, a sensitive bird spec…

Commentary: Net Zero Sounds Great – but the Math Doesn’t Add Up – George Sharpe

May 15, 2023 by EnergyNow Media

GEORGE SHARPE / INVESTMENT MANAGER, MERRION OIL & GAS Politicians’ mandated path to net zero emissions by 2050 will not work. The politicians who are mandating a path to net zero carbon emissions by 2050 certainly didn’t do the math to net zero, because the math in their path doesn’t add up. Let’s count the … Read more

Fossil fuel-centred growth is obsolete, says EU’s von der Leyen

May 15, 2023 by EnergyNow Media

(Reuters) – An energy mix based on fossil fuels cannot deliver sustainable economic growth for future generations, European Commission President Ursula von der Leyen said on Monday as she sought to add impetus to the decarbonisation of Europe’s economy. Von der Leyen was speaking at a European Parliament-hosted event in Brussels entitled “Beyond Growth” whose … Read more

TENAZ ENERGY CORP. ANNOUNCES Q1 2023 RESULTS

May 15, 2023 by EnergyNow Media

CALGARY, AB, May 15, 2023 /CNW/ – Tenaz Energy Corp. (“Tenaz”, “We”, “Our”, “Us” or the “Company”) (TSX: TNZ) is pleased to announce its financial and operating results for the three months ended March 31, 2023. The unaudited interim condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) are available on SEDAR at www.sedar.com and on Tenaz’s website at www.tenazenergy.com. Selected … Read more

Pipestone Energy Corp. provides update to wildfire production impact May 15, 20235:30 AM Globe Newswire

May 15, 2023 by EnergyNow Media

CALGARY, Alberta, May 15, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) advises that its operations in the Grande Prairie area are again being impacted by the ongoing wildfires. As a result of the precautionary shut-in of certain third-party infrastructure and associated operated producing locations, approximately 20,000 boe/d of production has … Read more

Tenth Avenue Petroleum announces appointment of new CFO & stock option grant

May 15, 2023 by EnergyNow Media

CALGARY, AB / ACCESSWIRE / May 15, 2023 / Tenth Avenue Petroleum Corp. (“TPC” or the “Company”) (TSXV:TPC) is pleased to announce the appointment of Sonja Kuehnle as Chief Financial Officer (“CFO”), effective May 9, 2023. Mrs. Kuehnle is a Chartered Professional Accountant and Chartered Accountant, with over 15 years’ experience in the energy, forestry, and accounting sectors. As … Read more

Vermilion Energy Inc. provides update on the production impact from Alberta wildfires

May 15, 2023 by EnergyNow Media

CALGARY, AB, May 15, 2023 /PRNewswire/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report that it has restored approximately 60% of the 30,000 boe/d of production that was temporarily shut-in as a result of the wildfires in West Central Alberta. We have inspected all of our key … Read more

Column: Global Petroleum sStocks Normalise After Massive SPR drawdown – John Kemp

May 15, 2023 by EnergyNow Media

LONDON, May 12 (Reuters) – Global commercial oil inventories were close to their long-term seasonal average at the end of the first quarter of 2023 following massive releases from the U.S. Strategic Petroleum Reserve (SPR) over the previous 12 months. In the countries of the Organisation for Economic Cooperation and Development (OECD), commercial stocks of … Read more

G7 leaders to target Russian energy, trade in new sanctions steps

May 15, 2023 by EnergyNow Media

(Reuters) – Leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort, said officials with direct knowledge of the discussions. New measures announced by the leaders during the May 19-21 meetings will target … Read more

Oil prices rise as tight supplies compete with economic concerns

May 15, 2023 by EnergyNow Media

(Reuters) – Oil prices rose slightly on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in U.S. buying for reserves outweighed concerns about fuel demand in the top global oil consumers, the United States and China. Brent crude futures rose 39 cents or 0.5% to $74.56 a barrel by 1120 … Read more

Western Canada heavy oil differential narrows on worries about wildfires

May 15, 2023 by EnergyNow Media

Western Canada Select (WCS) heavy crude’s discount to the benchmark West Texas Intermediate (WTI) tightened on Friday. WCS for June delivery in Hardisty, Alberta, narrowed to $12.80 a barrel under the benchmark, according to brokerage CalRock. On Wednesday the Canadian heavy benchmark ended at $13.10 a barrel under WTI. Benchmark Canadian heavy crude prices have … Read more

Fires Rage in Canada’s Oil Heartland Amid Weekend Heat Wave

May 15, 2023 by EnergyNow Media

The number of wildfires rose in Canada’s main oil-producing province over the weekend as a heat wave brought hot, dry conditions, prompting officials to warn of more blazes to come. As of Sunday afternoon, there were 87 active fires in the province with 24 considered out of control, up from 21 the previous day. “The … Read more

Calgary Women in Energy (CWIE) Board Updates

May 15, 2023 by EnergyNow Media

Please join us in congratulating Shauna Holmes on becoming the new President, and welcoming Leslie Cassidy as our new Director of Technical Education! These ladies bring passion and energy to our mission of promoting, supporting and empowering women in the energy sector. On behalf of CWIE, we would like to thank Rayna Oryniak for … Read more

AECL, CNL and Global First Power Unveil the Site of GFP’s Proposed Small Modular Reactor at the Chalk River Laboratories

May 15, 2023 by EnergyNow Media

Local elected officials, industry representatives and other distinguished guests join leaders from AECL, CNL and GFP to celebrate the next phase of the SMR demonstration project CHALK RIVER, Ontario, May 12, 2023 (GLOBE NEWSWIRE) — Atomic Energy of Canada Limited (AECL), Canadian Nuclear Laboratories (CNL) and Global First Power (GFP) are pleased to announce that … Read more

Paramount Resources Ltd. provides further Alberta wildfire update

May 15, 2023 by EnergyNow Media

CALGARY, AB – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) advises that, as a result of the further development of the ongoing Alberta wildfires, the third-party Wapiti natural gas processing facility and the Company’s fields producing to the facility were again shut down on the afternoon of May 12. Approximately 45,000 Boe/d of production in the Grande Prairie and Kaybob … Read more

Axis Communications announces world’s first explosion-protected camera designed for Zone/Division 2 hazardous areas.

May 15, 2023 by EnergyNow Media

Axis Communications, a leader in network video, announces AXIS P1468-XLE Explosion-Protected Bullet Camera, the world’s first explosion-protected camera specifically designed for Zone and Division 2 hazardous locations. The camera is designed for Zone 2, 22 and Class I/II/III Division 2 according to international standards (ATEX, IECEx, NEC). AXIS P1468-XLE uses the ‘Ex e’ protection method, … Read more

Pipeline Plot Twist: Where Line 5 Threatens Nature, Now Nature is a Threat to Line 5

May 15, 2023May 15, 2023 by The Canadian Press

WASHINGTON — The controversial Canada-U.S. oil and gas conduit known as Line 5 could be facing its toughest challenger yet: the very watershed the pipeline’s detractors are trying to protect.
Spring flooding has washed away significant portions of th…

All Oil Recovered from Creek after December’s Keystone Pipeline Leak

May 15, 2023May 15, 2023 by The Canadian Press

CALGARY — TC Energy Corp. says it has recovered all of the oil that spilled into a Kansas creek as a result of a leak from the Keystone pipeline in December.
The Calgary-based pipeline company says while the oil that spilled into the creek has been re…

US Weekly Natgas Rig Count Falls by Most Since 2016 – Baker Hughes

May 15, 2023May 15, 2023 by EnergyNow Media

The U.S. oil and natural gas rig count fell this week to its lowest in nearly a year, as gas rigs slumped by the most in a week since February 2016, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. U.S. natural gas futures jumped over 5% shortly after Baker … Read more

Philip Cross: Canada’s Worst Decade for Real Economic Growth Since the 1930s – Learn Why Here

May 15, 2023May 15, 2023 by EnergyNow Media

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Causes of our slumping growth are domestic, not external Philip Cross Over the last ten years real GDP per capita grew just 0.8 per cent a year on average in this country, its lowest rate of growth since the 1930s. Total GDP has been growing because of our growing population. But GDP per person has … Read more

Stellantis, LG Energy Spar With Trudeau Government Over EV Battery Factory Funding Promises

May 15, 2023May 15, 2023 by EnergyNow Media

Automaker Stellantis NV said it will begin implementing “contingency plans” with its South Korean partner for electric vehicle battery production as they negotiate with Canada for more financial aid to build a new plant.Stellantis and LG Energy Solution Ltd. said last year they would invest more than $4 billion in a battery-making facility in Windsor, … Read more

Oil Ends the Week Down on Stronger Dollar, Demand Fears

May 13, 2023 by EnergyNow Media

(Reuters) – Oil prices settled more than 1% lower on Friday, falling for the third consecutive week, as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures settled down 81 cents, or 1.1%, to $74.17 while West Texas Intermediate (WTI) U.S. crude futures fell 83 cents, … Read more

Prospera provides status update

May 15, 2023May 13, 2023 by EnergyNow Media

CALGARY, Alberta – Prospera Energy Inc. (“Prospera” or the “Corporation“) (PEI:TSX-V; OF6A: FRA; GRFF: OTC) announces that further to its news release dated April 28, 2023, the Corporation’s principal regulator, the Alberta Securities Commission (the “ASC“) granted a management cease trade order (the “MCTO”) on May 4, 2023, under National Policy 12-203 Management Cease Trade Orders (“NP … Read more

Oilpatch Restarts Some Production but Wildfire Risk Remains Volatile

May 13, 2023May 13, 2023 by The Canadian Press

CALGARY — Some oil and gas producers in Alberta are restoring production after temporarily halting operations earlier this week due to wildfires.
More than 300,000 barrels of oil equivalent per day of production were curtailed in Alberta as wildfires …

Apology Demanded: Comments on Energy Sector from NDP Candidate Raise Ire of Alberta United Conservatives

May 13, 2023May 13, 2023 by The Canadian Press

OKOTOKS, Alta. — The United Conservative Party is demanding an apology from an NDP candidate for comments he made in a 2021 book about Alberta’s energy sector.
“Wild Roses are Worth It: Reimagining the Alberta Advantage” by Livingstone-Macleod candida…

Canada Risks “Once-in-a-Generation” LNG Opportunity as Other Countries Ramp Up LNG Development – Resource Works

May 13, 2023May 13, 2023 by EnergyNow Media

BC LNG faces competition on all sides as Alaskan and Mexican projects move forward. US President Joe Biden, whose energy department recently approved a major Alaskan LNG project. Photo from Reuters. More News and Views From Resource Works Here When it comes to foreign competition for Canada’s natural resource opportunities, we often find ourselves looking … Read more

How Shocking the Ocean Could Turn It Into a Carbon Removal Powerhouse

May 13, 2023May 13, 2023 by EnergyNow Media

The Port of Los Angeles is home to a new, high-stakes science experiment. There, a 100-foot-long blue barge is decked out with five rows of oblong, olive-colored tanks standing horizontally on the bow while midship sits a jumble of large metal boxes, transparent tubes, cisterns and electronics. This incongruous assemblage of technology invented at the University … Read more

Alberta wildfire fighters prepare for hot, dry days ahead

May 12, 2023 by EnergyNow Media

An extended period of hot dry weather that risks worsening wildfires in Alberta began on Friday, with special weather alerts in place across western Canada and officials warning people to be vigilant. More than 100 wildfires have ignited across Alberta since last week, forcing tens of thousands of people to evacuate their homes and oil … Read more

Oil Sands in Canada Face Fire Threat as Temperatures Rise

May 12, 2023 by EnergyNow Media

Canada’s main oil-producing region in northeastern Alberta faces an increased risk of wildfires as temperatures rise over the weekend, provincial officials said. This month’s blazes have largely spared the oil sands in northeastern Alberta, but have hammered the province’s west, forcing the evacuation of as many as 30,000 people and curtailing natural gas output. That … Read more

Trudeau’s Massive $13-Billion Subsidy to Volkswagen Wins Support in Poll

May 12, 2023May 12, 2023 by EnergyNow Media

A majority of Canadians support Prime Minister Justin Trudeau’s decision to give an enormous subsidy to Volkswagen AG to build a battery factory in the country, according to a new poll. The Nanos Research survey for Bloomberg News found support is highest in the crucial electoral battlegrounds of Ontario and Quebec — a likely explanation for … Read more

Energy Miscalculation: Quebec Energy Shortfall Hurts EV Supply Chain, Says Lithium CEO

May 12, 2023May 12, 2023 by EnergyNow Media

The top executive of Sayona Mining Ltd., which just restarted a lithium mine in Quebec, says there isn’t enough electricity in the Canadian province to power the region’s mining projects. The province that produces North America’s cheapest power faces a looming energy shortfall after years of marketing its hydroelectric power to US states and wooing industry with … Read more

OPEC holds global oil demand view steady, cites US debt ceiling risks

May 12, 2023 by EnergyNow Media

Summary Chinese oil demand growth increased to 800,000 bpd OPEC output falls by 191,000 bpd in April Says non-OPEC supply investment still below 2014 high OPEC+ meets to set policy on June 4 (Reuters) – OPEC’s global oil demand forecast for 2023 was held steady for a third month on Thursday, with the producer group … Read more

Column: World Needs Battery Metals, But Miners Foiled by Prices, Activists

May 12, 2023 by EnergyNow Media

(Reuters) – If the global energy transition is to be delivered in the coming decades, the mining industry believes there is one certainty. They will need to massively boost output of metals. But they are also convinced that the current model for doing this is largely broken, and miners will, even with the best of … Read more

Joe’s Plan: Carbon Capture, Hydrogen are the Main Tools in Biden’s Power Plan

May 12, 2023 by EnergyNow Media

The Biden administration on Thursday unveiled its plan to slash greenhouse gas emissions from the U.S. power sector, part of its broader effort to decarbonize the economy to fight climate change. The power industry is an important target for emissions cuts because it produces about a quarter of the country’s greenhouse gases, mainly from the combustion … Read more

Oil Stabilises as Supply Deficit counters Demand fears

May 12, 2023 by EnergyNow Media

TOKYO, May 12 (Reuters) – Oil prices stabilised on Friday and were set to end the week flat as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures was down 5 cents, or 0.07%, at $74.93 a barrel by 1145 GMT. West Texas Intermediate (WTI) U.S. … Read more

Crescent Point Energy reports first-quarter profit down from year ago

May 12, 2023May 12, 2023 by The Canadian Press

CALGARY — Crescent Point Energy Corp. reported its first-quarter profit was down from a year ago as energy prices were also lower.
The company says it earned $216.7 million or 39 cents per diluted share for the quarter ended March 31, down from $1.18 …

Enterprise Group Announces Results for First Quarter 2023

May 12, 2023 by EnergyNow Media

St. Albert, Alberta–(Newsfile Corp. – May 11, 2023) – Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the “Company” or “Enterprise“). Enterprise, a consolidator of energy services (including specialized equipment rental to the energy/resource sector), is pleased to announce its Q1 2023 results. OVERALL PERFORMANCE AND RESULTS OF OPERATIONS Three months Mar 31, 2023 Three months Mar 31, … Read more

InPlay Oil Corp. announces first quarter 2023 financial and operating results

May 12, 2023May 12, 2023 by EnergyNow Media

CALGARY, AB, May 12, 2023 /CNW/ – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three months ended March 31, 2023. InPlay’s condensed unaudited interim financial statements and notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2023 will be available at “www.sedar.com” and our … Read more

Crescent Point announces Q1 2023 results

May 12, 2023May 12, 2023 by EnergyNow Media

CALGARY, AB, May 12, 2023 /PRNewswire/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2023. KEY HIGHLIGHTS Closed the strategic acquisition of Alberta Montney assets, which includes 38,000 boe/d and over 20 years of premium inventory. … Read more

Alberta regulator says Imperial Oil faces more water problems at Kearl oilsands mine

May 12, 2023May 12, 2023 by The Canadian Press

The Alberta Energy Regulator has warned Imperial Oil about more wastewater problems at its Kearl oilsands mine in northern Alberta.
The regulator has issued a notice of non-compliance to the company after chemicals associated with oilsands tailings we…

Federal Government Betting Billions of Taxpayer’s Money on Picking Clean Energy Winners & Losers – Fraser Institute

May 12, 2023May 12, 2023 by EnergyNow Media

In an effort to keep pace with the Biden administration, the Trudeau government has ramped up spending on greenhouse gas (GHG) control initiatives. According to a recent RBC explainer, over the next 10 years Canada will spend about $26 billion on “clean electricity,” $11 billion on “clean-technology manufacturing,” $18 billion on “clean hydrogen,” $16 billion on “clean technology … Read more

Western Canada heavy oil differential narrows

May 12, 2023 by EnergyNow Media

Western Canada Select (WCS) heavy crude’s discount to the benchmark West Texas Intermediate (WTI) narrowed on Thursday. WCS for June delivery in Hardisty, Alberta, ended the day at $13.10 a barrel under the benchmark, according to brokerage CalRock. On Wednesday the Canadian heavy benchmark ended at $13.45 a barrel under WTI. The heavy crude benchmark … Read more

Greenpeace Alleges ‘Greenwashing’ in Oilsands Ads; Competition Bureau to Investigate

May 12, 2023May 12, 2023 by The Canadian Press

CALGARY — The Competition Bureau of Canada has opened an investigation into allegations of greenwashing against the Pathways Alliance, a consortium of oilsands companies.
Greenpeace Canada says it made the allegations earlier this year, together with …

Schachter’s Eye on Energy: US Budget Deficit And Debt Limit Negotiations Will Be Tough And Create Anxious Markets. Market Downside Could Be >10%.

May 12, 2023May 12, 2023 by EnergyNow Media

Bonterra Energy Corp. announces first quarter 2023 results

May 12, 2023 by EnergyNow Media

May 11, 2023 CALGARY, AB – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce its operating and financial results for the three month period ended March 31, 2022. The related unaudited condensed financial statements and notes, as well as management’s discussion and analysis (“MD&A”), are available on SEDAR at www.sedar.com and on Bonterra’s website at www.bonterraenergy.com. … Read more

Hammerhead Energy Inc. announces record first quarter 2023 financial and operating results

May 12, 2023 by EnergyNow Media

CALGARY, Alberta – Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce record financial and operating results for the first quarter of 2023. The Company continued to progress critical investments in infrastructure expansions that should allow for continuing record performance, achievement of half-cycle economics from new wells and … Read more

Cardinal Energy Ltd. announces first quarter 2023 operating and financial results

May 12, 2023 by EnergyNow Media

CALGARY, Alberta – Cardinal Energy Ltd. (“Cardinal” or the “Company”) (TSX: CJ) is pleased to announce its operating and financial results for the first quarter ended March 31, 2023. FINANCIAL AND OPERATING HIGHLIGHTS FROM THE FIRST QUARTER OF 2023 Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 … Read more

Rubellite Energy Inc. reports first quarter 2023 financial and operating results, provides operations update and full year 2023 guidance

May 12, 2023 by EnergyNow Media

CALGARY, AB – Rubellite Energy Inc. (“Rubellite”, or the “Company”), a pure play Clearwater oil exploration and development company, is pleased to report first quarter 2023 financial and operating results and provide an operations update and the Company’s full year 2023 guidance. Select financial and operational information is outlined below and should be read in conjunction with Rubellite’s unaudited condensed … Read more

Headwater Exploration Inc. announces first quarter financial results, operations update, and declares quarterly dividend

May 12, 2023 by EnergyNow Media

CALGARY, AB – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its financial results for the three months ended March 31, 2023, operations update and quarterly dividend. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim condensed financial statements and the related management’s discussion and analysis (“MD&A”). These … Read more

Petrus Resources announces first quarter 2023 financial and operating results

May 11, 2023 by EnergyNow Media

CALGARY, Alberta – Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2023. Q1 2023 HIGHLIGHTS: Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d in the first quarter of 2023. … Read more

AltaGas Ltd. announces aggregate $400 million medium term note offering

May 11, 2023 by EnergyNow Media

CALGARY, AB – AltaGas Ltd. (“AltaGas”) (TS: ALA) today announced that it has agreed to issue $400 million of senior unsecured medium term notes (the “Offering”) with a coupon rate of 4.638 percent, maturing on May 15, 2026. The Offering is expected to close on or about May 15, 2023. The net proceeds resulting from the Offering will be used to … Read more

Tidewater Midstream and Infrastructure Ltd. announces first quarter 2023 results and operational update

May 11, 2023 by EnergyNow Media

CALGARY, AB, May 11, 2023 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX: TWM) has filed its interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A“) for the period ended March 31, 2023. FIRST-QUARTER 2023 HIGHLIGHTS Total midstream throughput volumes of 390 MMcf/day represent a 6% increase over the previous quarter. The Corporation’s Pipestone natural gas plant (“Pipestone”) … Read more

Saudi Arabia and Netherlands agree to collaborate on green energy

May 11, 2023 by EnergyNow Media

ROTTERDAM, May 11 (Reuters) – Saudi Arabia and the Netherlands on Thursday signed a memorandum of understanding to collaborate on the development of green energy and hydrogen. The Netherlands could be the main destination for the transport of hydrogen derived from renewable energy sources from Saudi Arabia to Europe, Saudi energy minister Prince Abdulaziz bin … Read more

Norway postpones controversial onshore wind power tax

May 11, 2023 by EnergyNow Media

OSLO, May 11 (Reuters) – The Norwegian government said on Thursday it was postponing plans to introduce additional taxes for onshore wind power operators by a year to 2024 amid industry concern it may derail renewable energy expansion. The centre-left government in September proposed the introduction of a ground resource tax for existing and new … Read more

Oil Advances as Traders Weigh Inflation Trends and Supply Halts

May 11, 2023 by EnergyNow Media

Oil rose for the fourth session in five as traders weighed improving inflation trends and supply halts, before the release of OPEC’s monthly market report. West Texas Intermediate climbed above $73 a barrel, after ending 1.6% lower on Wednesday. US inflation showed signs of moderating in April, giving the Federal Reserve room to pause its aggressive monetary … Read more

Western Canada Select discount Edges Wider as Wildfires Ease

May 11, 2023 by EnergyNow Media

Western Canada Select (WCS) heavy crude’s discount to the benchmark West Texas Intermediate (WTI) inched wider on Wednesday. WCS for June delivery in Hardisty, Alberta, ended the day at $13.45 a barrel under the benchmark, according to brokerage CalRock. On Tuesday the Canadian heavy benchmark settled at $13.40 a barrel under WTI. The heavy crude … Read more

Tamarack Valley Energy announces first quarter 2023 financial results and provides operational update

May 11, 2023 by EnergyNow Media

CALGARY, AB – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce its financial and operating results for the three months ended March 31, 2023. Selected financial and operating information is outlined below and should be read with Tamarack’s consolidated financial statements and related management’s discussion and analysis (MD&A) for the three months ended March 31, 2023, … Read more

Cenovus Energy supports communities impacted by Alberta wildfires

May 11, 2023 by EnergyNow Media

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced a $200,000 donation to the Canadian Red Cross 2023 Alberta Fires Appeal to help support immediate relief efforts for the people and communities impacted by the ongoing wildfire situation in the province. In addition, the company is matching … Read more

Pipestone Energy Corp. Announces First Quarter 2023 Results, Provides an Update on the Alberta Wildfire Impact and Announces the Appointment of an Interim CEO

May 11, 2023 by EnergyNow Media

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to report its first quarter 2023 financial and operational results. The Company also announced today that Paul Wanklyn, President and Chief Executive Officer, will be taking an immediate leave of absence for health reasons. Pipestone’s Board of Directors … Read more

STEP Energy Services Ltd. Reports First Quarter 2023 Results

May 11, 2023 by EnergyNow Media

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CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three months ended March 31, 2023. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and unaudited condensed consolidated interim financial … Read more

Peyto Reports Strong Q1 2023 Cash Flow Despite Lower Gas Prices

May 11, 2023 by EnergyNow Media

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to report operating and financial results for the first quarter of 2023. A 71% operating margin1,2, combined with a 32% profit margin3 in the quarter delivered a return on capital employed (“ROCE”4) of 14% and return on equity … Read more

Athabasca Oil Announces 2023 First Quarter Results and Execution on its Return of Capital Commitment through Inaugural Share Repurchases

May 11, 2023 by EnergyNow Media

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its first quarter results showcasing operational momentum at its cornerstone Leismer asset, continued debt reduction and execution on its return of capital commitment through inaugural share repurchases. Athabasca is uniquely positioned as a low … Read more

Questerre reports first quarter 2023 results

May 11, 2023 by EnergyNow Media

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2023. … Read more

Parex Resources Announces First Quarter Results, Declaration of Q2 2023 Dividend, and Pending Retirement of Chief Financial Officer

May 11, 2023 by EnergyNow Media

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ended March 31, 2023, and the declaration of its Q2 2023 regular dividend of C$0.375 per share. Parex also announces the pending retirement of Ken … Read more

Baytex Files Q1 2023 Pro Forma Financial Information in Connection with the Ranger Acquisition

May 11, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 10, 2023) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) announces the filing of unaudited pro forma consolidated financial information of Baytex and Ranger Oil Corporation (“Ranger”) as at and for the three-month period ended March 31, 2023 (“Q1 Pro Forma Financial Information”). The Q1 Pro Forma Financial Information … Read more

Bear Attack Injures Worker at Suncor Oil Site as Producer Faces Safety Scrutiny

May 11, 2023May 11, 2023 by EnergyNow Media

A worker at a Suncor Energy Inc. oil-sands site in Canada was injured in a bear attack over the weekend, adding to concern about the company’s safety record after a string of fatalities in recent years.The person was transferred to a hospital and released hours after the encounter with the animal, which occurred at about … Read more

Changing Course For Votes? Trudeau’s Oil Policy is Now Too Harsh for Alberta’s Left-Leaning Contender Notley

May 11, 2023May 11, 2023 by EnergyNow Media

The woman who’s looking to reclaim power in Canada’s energy heartland is pushing back against Prime Minister Justin Trudeau’s targets for cleaning up the oil and gas industry. Rachel Notley, who was the center-left premier of Alberta from 2015 to 2019 and is running for the job again, said Trudeau’s plan for cutting the sector’s … Read more

Alberta Producers Restart Oil and Gas Operations as Wildfires Ease

May 11, 2023May 11, 2023 by EnergyNow Media

A number of oil and gas companies in Canada’s main crude-producing province Alberta restarted shuttered production on Wednesday as wildfires that had sparked widespread evacuations eased. Producers shut in at least 319,000 barrels of oil equivalent per day (boepd), or 3.7% of the country’s production, earlier this week as more than 100 fires ignited across … Read more

Freehold Royalties announces first quarter results

May 10, 2023 by EnergyNow Media

CALGARY, Alberta – Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2023. President’s Message The execution of Freehold’s North American strategy continued during the first quarter. From the COVID related lows of 2020, when Freehold embarked on our North American expansion, the Company has grown its production … Read more

Pieridae releases Q1 2023 results

May 10, 2023 by EnergyNow Media

CALGARY, Alberta – Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces the release of its first quarter 2023 financial and operating results. Pieridae generated Net Operating Income (“NOI”)1 of $50 million and made term debt principal repayments totalling $28 million during the first quarter of 2023. Pieridae’s management’s discussion and analysis (“MD&A”) and unaudited interim consolidated financial … Read more

TC Energy restarts all compressor units that were shut down due to Alberta wildfires

May 10, 2023 by EnergyNow Media

TC Energy says it has restarted compressor units at all locations that were shut down due to wildfire precautions in Alberta.

Birchcliff Energy Ltd. announces Q1 2023 results, declaration of Q2 2023 dividend of $0.20 per common share and discloses Elmworth land position

May 10, 2023 by EnergyNow Media

CALGARY, Alberta – Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q1 2023 financial and operational results and that its board of directors (the “Board”) has declared a quarterly cash dividend of $0.20 per common share for the quarter ending June 30, 2023. Birchcliff is also pleased to disclose the … Read more

Crescent Point closes strategic Montney acquisition and provides update on the impact of the Alberta wildfires

May 10, 2023 by EnergyNow Media

CALGARY, AB, May 10, 2023 /PRNewswire/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) is pleased to announce that it has successfully closed its previously announced strategic and accretive acquisition of oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash (the “Transaction” or “Acquisition”). This Acquisition … Read more

Spartan Delta Corp. announces the completion of previously announced asset sale and provides additional details with respect to the distribution of cash proceeds and securities of Logan Energy Corp. to shareholders

May 10, 2023 by EnergyNow Media

CALGARY, AB, May 10, 2023 /CNW/ – Spartan Delta Corp. (“Spartan” or the “Company“) (TSX: SDE) is pleased to announce that it has completed the sale of its Gold Creek and Karr Montney assets to Crescent Point Energy Corp. for cash consideration of $1.7 billion (the “Asset Sale“). Spartan also confirms that, on June 20, 2023, the Company will transfer its Simonette, Pouce Coupe and Flatrock assets (the “Logan Assets“) … Read more

Crescent Point restores 75% of halted production as wildfire situation improves

May 10, 2023May 10, 2023 by The Canadian Press

CALGARY — Crescent Point Energy Corp. says it has restored approximately 75 per cent of the production it had temporarily halted as a result of the wildfires in Alberta.
The Calgary-based company is one of many oil and gas producers that has been forc…

Investors Dumped Oil, Curtailing OPEC⁺ Driven Rally – John Kemp

May 10, 2023 by EnergyNow Media

LONDON, May 9 (Reuters) – Portfolio investors have dumped petroleum futures and options, reversing the buying frenzy inspired by the production cuts announced by Saudi Arabia and its OPEC⁺ allies at the start of April. Hedge funds and other money managers sold the equivalent of 145 million barrels in the six most important futures and … Read more

BP ventures back into oil frontiers to boost output

May 10, 2023 by EnergyNow Media

Summary BP starts drilling wildcat well off Canada’s coast Revives development of complex Gulf of Mexico reservoir BP recently lowered its 2030 output cuts target LONDON, May 10 (Reuters) – BP (BP.L) is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas … Read more

Oil Falls After Three-Day Advance Ahead of US Inflation Report

May 10, 2023 by EnergyNow Media

Oil fell ahead of a critical US inflation report that could provide key signals on future energy demand and as investors digested a mixed report on crude supplies. West Texas Intermediate fell below $73 a barrel on Wednesday after jumping 7.5% over the previous three sessions. US consumer price data Wednesday will be closely watched … Read more

Suncor’s New CEO Plans Long Stay at Helm

May 10, 2023May 10, 2023 by EnergyNow Media

Suncor Energy Inc.’s new Chief Executive Officer Rich Kruger came out of retirement to take the job. Now that he’s been selected for the role, including with input from activist investor Elliott Investment Management LP, he plans to stay for the long haul and help revive the struggling Canadian oil producer.He’s so committed, in fact, … Read more

Wildfire Latest: Rystad Sees Canada Output Down 500,000 Barrels

May 10, 2023 by EnergyNow Media

Wildfires in Alberta may have reduced energy production by the equivalent of 500,000 barrels a day, Rystad Energy said in a report Tuesday. The fires have shut 350,000 barrels of oil and gas production, Rystad Energy estimates with “high confidence.” Those volumes include cuts announced by companies and volumes associated with Chevron Corp.’s production from … Read more

Western Canada Select discount narrows further on wildfire outages

May 10, 2023 by EnergyNow Media

Reuters Western Canada Select (WCS) heavy crude’s discount to the benchmark West Texas Intermediate (WTI) tightened on Tuesday. WCS for June delivery in Hardisty, Alberta, ended the day at $13.40 a barrel under the benchmark, according to brokerage CalRock. On Monday the Canadian heavy benchmark settled at $13.60 a barrel under WTI. Market players are … Read more

Journey Energy Inc. generates $18 million in adjusted funds flow for the first quarter of 2023, reduces net debt, takes furthers steps to expand its power business

May 10, 2023 by EnergyNow Media

May 9, 2023 CALGARY, AB – Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (“Journey” or the “Company“) announces its financial results for the first quarter of 2023. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2023 and 2022 are posted on www.sedar.com and on the Company’s website www.journeyenergy.ca. Highlights for the first quarter, and … Read more

There are still a few seats remaining for the Executive Certificate in ESG Management at the University of Calgary’s downtown campus.

May 10, 2023 by EnergyNow Media

There are still a few seats remaining for the Fundamentals of ESG Management, hosted at the University of Calgary’s downtown campus and home of The School of Public Policy. Once again, Canada’s #1 policy school is home to the executive certificate that leads in ESG. Environmental, social, and governance criteria increasingly reflect the standards companies and organizations … Read more

Riverbank erosion prompts Wisconsin band to ask for emergency shutdown of Line 5

May 10, 2023May 10, 2023 by The Canadian Press

WASHINGTON — An Indigenous band is asking a Wisconsin judge to order an emergency shutdown of the Line 5 pipeline.
The Bad River Band of the Lake Superior Chippewa says ongoing spring flooding risks exposing and rupturing the pipeline on its territori…

Cooler Temperatures Offer Temporary Reprieve for Alberta Wildfires

May 10, 2023May 9, 2023 by EnergyNow Media

Wildfires in Alberta eased on Tuesday thanks to cooler weather, but thousands of people remained under evacuation orders and officials warned temperatures were expected to rise in coming days. The wildfires also forced oil and gas producers to shut in at least 319,000 barrels of oil equivalent per day (boepd), or 3.7% of the country’s … Read more

NuVista Energy Ltd. first quarter 2023 operational and financial highlights

May 9, 2023 by EnergyNow Media

CALGARY, Alberta – NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce strong financial and operating results for the three months ending March 31, 2023, and to provide an update on a number of key strategic initiatives. Commodity prices were volatile in the first quarter, but the quality and capacity of our asset base … Read more

Ovintiv reports first quarter 2023 financial and operating results

May 9, 2023 by EnergyNow Media

DENVER – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) today announced its first quarter 2023 financial and operating results. The Company plans to hold a conference call and webcast at 9:00 a.m. MT (11:00 a.m. ET) on May 10, 2023. Please see dial-in details within this release, as well as additional details on the … Read more

Lucero Energy Corp. announces first quarter 2023 financial & operating results

May 9, 2023 by EnergyNow Media

May 9, 2023 CALGARY – Lucero Energy Corp. (“Lucero” or the “Company”) (TSXV: LOU) (OTCQB: PSHIF) is pleased to announce financial and operating results for the three months ended March 31, 2023. The associated Management’s Discussion and Analysis (“MD&A”) and unaudited financial statements as at and for the three months ended March 31, 2023 can be found at www.sedar.com or www.lucerocorp.com. All dollar amounts … Read more

Canada Energy Partners announces signing of participation agreement with Wandoo Energy LLC for the development of the Kuester-Ochoa project and concurrent unit financing of $2M

May 9, 2023 by EnergyNow Media

VANCOUVER, BC – Canada Energy Partners Inc. (NEX: CE.H) (the “Corporation” or “Canada Energy”) announces that the Corporation has determined that a lower capital cost acquisition opportunity will satisfy the current capital market appetite in the junior energy markets. Accordingly, the Corporation has entered into a Participation Agreement with Wandoo Energy LLC, a Texas based oil & gas company. The … Read more

Portion of Coastal GasLink construction paused over erosion, sediment control issues

May 9, 2023May 9, 2023 by The Canadian Press

coastal gaslink construction march 11 2022 cec 1200x810

CALGARY — TC Energy Corp. says it has proactively halted construction on a 20-km stretch of its Coastal GasLink project over concerns about erosion and sediment control.
The Calgary-based pipeline company says the affected section of pipeline is locat…

New Suncor CEO Kruger Focused on Cost-Cutting, Will ‘Play to Win’

May 9, 2023May 9, 2023 by The Canadian Press

CALGARY — The new top boss at Suncor Energy Inc. says he will be sharply focused on cost-cutting as he embarks on the task of improving performance at the oilsands giant.
Rich Kruger, who took over as Suncor’s new CEO on April 3, pledged Tuesday that …

Keyera Corp. Announces 2023 First Quarter Results

May 9, 2023 by EnergyNow Media

CALGARY, AB, May 9, 2023 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced its 2023 first quarter financial results today, the highlights of which are included in this news release. To view the Management’s Discussion and Analysis (the “MD&A”) and financial statements, visit either Keyera’s website or Keyera’s filings on SEDAR at www.sedar.com. “Keyera had a very strong start to … Read more

OPEC+ Voluntary Cuts Aimed to Balance Oil Market

May 9, 2023May 9, 2023 by EnergyNow Media

ABU DHABI, May 9 (Reuters) – The United Arab Emirates’ energy minister Suhail al-Mazrouei said on Tuesday that additional voluntary output cuts by the OPEC+ producer group were implemented to balance the oil market. Mazrouei, who briefed reporters on the sidelines of the World Utilities Congress, said he was concerned about future supply shortages due … Read more

Oil Prices Ease in Cautious Trade Ahead of U.S. Inflation Data

May 9, 2023 by EnergyNow Media

The Brent crude price was down 68 cents, or 0.9%, at $76.33 and U.S. West Texas Intermediate (WTI) crude fell 69 cents, or 0.9%, to trade at $72.47 by 1022 GMT. Both contracts had settled more than 2% higher in the previous trading session. “The market is cautious today ahead of the inflation data…With net … Read more

Calfrac Reports $83.8 Million Adjusted EBITDA With Best First-Quarter Margin Percentage Since 2012

May 9, 2023 by EnergyNow Media

$Calfrac Logo Feature$

CALGARY, Alberta, May 09, 2023 (GLOBE NEWSWIRE) — Calfrac Well Services Ltd. (“Calfrac” or “the Company”) (TSX: CFW) announces its financial and operating results for the three months ended March 31, 2023. The following press release should be read in conjunction with the management’s discussion and analysis and interim consolidated financial statements and notes thereto … Read more

Wildfires Rage Across Canada’s Gas Heartland, Shutting Output

May 9, 2023 by EnergyNow Media

Wildfires raging across western Canada forced the evacuation of 30,000 residents and cut at least 234,000 barrels a day of oil and gas production as companies shut down wells and pipelines. A total of 100 blazes were burning Monday afternoon, with about a quarter classified as out of control. The province of Alberta declared a state of … Read more

Razor Energy Corp. Announces Unit Rights Offering for Up to $10 Million

May 9, 2023 by EnergyNow Media

CALGARY, Alberta, May 08, 2023 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor”) (TSXV: RZE) is pleased to announce that it is offering rights (the “Rights Offering”) to eligible holders of its common shares (the “Common Shares”) of record at the close of business on May 16, 2023 (the “Record Date”). The Rights Offering is being conducted … Read more

Saturn Oil & Gas Inc. Reports Successful Q1 2023 Drilling Results, Production Curtailment and ESG Report

May 9, 2023 by EnergyNow Media

Drilled 13 net operated horizontal wells in Q1 2023, with 100% success rate and average initial production exceeding forecast type curves by 37%; Drilled a top 5 best performing oil well in Saskatchewan, Weir Hill 11-21, IP30 149 bbls/d, based on February 2023 production, of the over 200 wells drilled in province for January 2023; … Read more

Recover® Waste-to-Energy Technology Provides Operators The Opportunity To Adopt Recycling Initiative

May 9, 2023 by EnergyNow Media

Calgary, Alberta – May 9, 2023 – Recover Inc. (“Recover”) operates a facility which recovers and recycles oil based drilling fluid. Recover’s facility cleans unstabilized oil-based drilling waste, thereby reducing the need for stabilization materials at the waste generators drill site. The reduction of biogenic stabilization materials significantly reduces the amount of waste transported and … Read more

Ensuring Cybersecurity Throughout the Oil and Gas Security System Value Chain – Jason Chiu

May 9, 2023May 9, 2023 by EnergyNow Media

By Jason Chiu In the world of surveillance systems, those who work in design and implementation of security and intrusion systems for critical industries and infrastructure, like oil and gas, shoulder a lot of responsibility. Advanced surveillance systems are a necessary aspect of modern security practices to ensure oil and gas operations can safely … Read more

Legal Drugs in the Energy Workplace — What Could Go Wrong? – Geoffrey Cann

May 9, 2023May 9, 2023 by EnergyNow Media

By Geoffrey Cann Heavy industry has long known that intoxication and some kinds of work simply don’t mix. Digital technologies are helping overcome the risk of hard-to-detect intoxicants on the job site. Many years ago, I was travelling for work and my company credit card was declined at an airport for exceeding its very healthy credit limit. Being stranded … Read more

How Haisla Nation’s Cedar LNG Project is a New Dawn for Indigenous Peoples

May 9, 2023May 9, 2023 by EnergyNow Media

By Estella Petersen Originally Appeared in Canada Action Rendering of Cedar LNG Who formed the partnership between Haisla Nation and Cedar LNG, and why? Who benefits from this project? Is there First Nations support for this project, and if so, what can we learn from it? Into the Water The Haisla Nation and Pembina Pipeline … Read more

Fracking for Natural Gas in British Columbia: 6 Questions & Answers

May 9, 2023May 9, 2023 by EnergyNow Media

Anti-Canadian natural gas activists are making some unsubstantiated claims aimed at scaring people about responsible resource development in B.C. We would like to set the record straight. Such bold claims deserve intense scrutiny, as we strive to initiate balanced and fact-based discussions around our world-class energy sector – and why the world needs more … Read more

Suncor Energy’s adjusted earnings decline 34 per cent year-over-year

May 9, 2023May 8, 2023 by The Canadian Press

CALGARY — Suncor Energy Inc. says it earned $2.05 billion in the first quarter of 2023, down from $2.95 billion in the same quarter of 2022.
The Calgary-based energy giant’s net earnings included a $302-million gain on the sale of the company’s wind a…

Suncor Energy Reports First Quarter 2023 Results

May 8, 2023 by EnergyNow Media

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company’s condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting … Read more

Pembina Pipeline Corporation provides update on active wildfires

May 8, 2023 by EnergyNow Media

CALGARY, Alberta – Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA) today provided an update on the operational impacts of the ongoing wildfires in Alberta and British Columbia (“B.C.”). Wildfires in Alberta and B.C. have resulted in evacuation orders in several areas where Pembina has operations. Our priority is the health and safety of our people, impacted communities, … Read more

Baytex provides update on the impact of the Alberta wildfires

May 8, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 8, 2023) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) is providing an update on the impact of the wildfires in Alberta to its operations. As a result of the shut-in of third-party infrastructure in west-central and northwest Alberta, approximately 10,000 boe/d (70% crude oil) of sales volumes has been curtailed … Read more

Crew Energy announces Q1 2023 results highlighted by 16% higher condensate production driving record AFF margins of 74%, leading to continued net debt reduction

May 8, 2023 by EnergyNow Media

CALGARY, Alberta – Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented, liquids rich natural gas producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce our operating and financial results for the three month period ended March 31, 2023. Crew’s audited consolidated Financial Statements and Notes, … Read more

Obsidian Energy advises on impact of Alberta wildfires

May 8, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 8, 2023) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE American: OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) provides an update on operations and employees impacted by recent Alberta wildfires. We view the protection and safety of our people, local communities, and the environment with the highest priority. As a precautionary … Read more

Peyto provides update regarding Alberta wildfires

May 8, 2023 by EnergyNow Media

CALGARY, Alberta – Peyto Exploration & Development Corp. (“Peyto” or the “Company”) provides an update on operations impacted by the wildfires in Alberta. Peyto’s assets are proximal to a few of the fires burning in Alberta but fortunately the Company’s gas processing facilities have not been directly impacted. Peyto’s operations team and their families safely evacuated the affected … Read more

Pipestone Energy Corp. advises of wildfire impact on Grande Prairie operations

May 8, 2023 by EnergyNow Media

CALGARY, Alberta, May 08, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) advises that its operations in the Grande Prairie area are being impacted by the ongoing wildfires. As a result of the precautionary shut-in of certain operated producing locations and third-party infrastructure, approximately 20,000 Boe/d of production has been temporarily curtailed since … Read more

NuVista Energy Ltd. advises of wildfire impact in Grande Prairie operations

May 8, 2023 by EnergyNow Media

CALGARY, Alberta, May 08, 2023 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (TSX:NVA, “NVA” or the “Corporation”) advises that due to the ongoing wildfire situation in the Grande Prairie region, the Corporation has temporarily shut in and depressured all operations proximal to the ongoing fires. This is a precautionary measure to ensure the protection of our people, … Read more

Cenovus Energy provides update on production impact of Alberta wildfires

May 9, 2023May 8, 2023 by EnergyNow Media

CALGARY, Alberta – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing an update on its Conventional production operations following ongoing wildfire activity in northern Alberta. Fires in the north-central region of the province have led the Government of Alberta to declare a state of emergency and a number of communities are under evacuation orders. With a … Read more

Kiwetinohk announces partial shutdown of facilities in proximity to Alberta wildfires

May 8, 2023 by EnergyNow Media

CALGARY, AB – To protect the health and safety of our employees, contractors and the community, Kiwetinohk has safely shut-in the majority of its Placid operations in response to downstream 3rd party interruptions that are in proximity to the Alberta wildfires. Safety is our top priority and we are actively responding to changes in the wildfire situation to … Read more

Vermilion Energy Inc. provides update on the impact of Alberta wildfires

May 8, 2023 by EnergyNow Media

CALGARY, AB, May 8, 2023 /PRNewswire/ – Vermilion Energy Inc. (“Vermilion”) (TSX: VET) (NYSE: VET) is providing the following update on the impact of the wildfires in Alberta. With the protection and safety of our people and local residents as the utmost priority, Vermilion is closely monitoring the wildfires surrounding our operations in West Central Alberta. … Read more

Crescent Point Energy provides update on the impact of the Alberta wildfires

May 8, 2023 by EnergyNow Media

CALGARY, AB, May 8, 2023 /PRNewswire/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX: CPG) (NYSE: CPG) advises that it has temporarily shut in its Kaybob Duvernay production in response to the recent Alberta wildfires. This precautionary measure is being taken by the Company to protect the safety of its staff, the community, … Read more

Tourmaline provides wildfire update

May 8, 2023 by EnergyNow Media

Tourmaline staff and families have been safely evacuated from certain operated facilities and homes in the greater Edson area. The Company evacuated and shut down nine South and West Deep Basin gas processing facilities between the afternoon of Friday, May 5 and the afternoon of Saturday, May 6 as nearby fires expanded and new wildfires rapidly emerged. Tourmaline is not aware … Read more

Oil Climbs as Recession Fears Begin to Fade

May 8, 2023 by EnergyNow Media

Summary Oil rallies after three straight weekly declines Goldman Sachs says demand fears ‘overblown’ U.S. inflation data and OPEC report in focus this week SINGAPORE, May 8 (Reuters) – Oil rose on Monday as U.S. recession fears eased and some traders took the view that crude’s recent price slide, registering three straight weekly declines for … Read more

OILPATCH DOWN: Alberta Wildfire Impact on Canadian Energy Companies

May 8, 2023May 8, 2023 by EnergyNow Media

Smoke rises from a wildfire in Valleyview, Alberta, Canada May 6, 2023 in this screen grab obtained from a social media video. TJ Kennedy/via REUTERS Wildfires burning across the Canadian province of Alberta have prompted the evacuation of almost 30,000 residents and the shutdown of oil and natural gas wells and pipeline systems. A total … Read more

Enbridge names Patrick Murray as CFO, Vern Yu moving to be CEO at AltaGas

May 8, 2023May 8, 2023 by The Canadian Press

CALGARY — Enbridge Inc. has announced the appointment of Patrick Murray as its new chief financial officer, effectively July 1.
Murray, will succeed Vern Yu, who is leaving the company to become president and chief executive of AltaGas Ltd.
Murray is …

In the Spotlight: Bonnyville Oil and Gas Show Returns to Showcase Industry, Community and Unique Networking Opportunities

May 8, 2023 by EnergyNow Media

BOAGS – Strengthening Industry and Community The Bonnyville Oil and Gas Show (BOAGS) is one of Alberta’s premiere networking events for industry professionals. With the unique and welcoming atmosphere of a small town, this oil and gas show isn’t your typical industry event. It is an opportunity to unite industry professionals at an environment that … Read more

The Importance of Water Quality Monitoring in the Oil and Gas Industry: An Overview of Silica and Phosphate Measurement

May 8, 2023 by EnergyNow Media

The Oil and Gas industry faces a multitude of challenges in delivering reliable and sustainable operations. One of these challenges is the need for precise and accurate measurement of silica and phosphate in water systems. Silica and phosphate can cause scaling and corrosion, leading to equipment damage and increased downtime. To combat these issues, the … Read more

Activists Launch Evidence-Free Crusade Against Gas Stoves

May 8, 2023May 8, 2023 by EnergyNow Media

As the insanity of flawed COVID policy recedes in the rearview mirror, so-called “green” advocacy groups are trying to re-establish their agenda as the guiding principle for our time. And the newest crusade is aimed at your natural gas stove. The U.S. Consumer Product Safety Commission wants to ban new gas-fuelled stoves based on “new science” that, … Read more

AltaGas appoints Enbridge CFO as new top boss

May 8, 2023May 8, 2023 by EnergyNow Media

May 8 (Reuters) – AltaGas Ltd (ALA.TO) on Monday named Enbridge Inc’s (ENB.TO) Vern Yu as the company’s next president and CEO, effective July 1, 2023. Yu will succeed Randy Crawford, who has been AltaGas CEO since 2018. In November, the Canada-based energy infrastructure company said Crawford had informed the board of his plans to step … Read more

Corrective to May 5 story on new Enbridge tolling deal

May 8, 2023May 7, 2023 by The Canadian Press

In a May 5 story about Enbridge’s tolling deal for its Mainline pipeline system, The Canadian Press reported that the Trans Mountain expansion project is to increase that pipeline’s capacity from 590,000 barrels per day to a total of 890,000 barrels p…

Oil Prices Jump But Post Third Straight Weekly Fall on Economic Woes

May 6, 2023May 6, 2023 by EnergyNow Media

(Reuters) – Oil prices rose on Friday but fell for the third straight week after a sharp fall earlier this week ahead of benchmark interest rate rises and on concern that the U.S. banking crisis will slow the economy and sap fuel demand. Brent crude closed $2.80, or 3.9% higher, at $75.30 a barrel. U.S. … Read more

The Real Oil Market Shows $20-a-Barrel Price Collapse Is Excessive

May 6, 2023May 6, 2023 by EnergyNow Media

Crude markets have suffered a disastrous few weeks, dragged down by alarm over the wider economy. But real oil demand still looks strong enough to foster a rebound in prices. International benchmark Brent almost dropped to $70 a barrel on Thursday after losing 17% since mid-April on fears of a US recession and signs of … Read more

Global Gas Production by Political Regime – ENERGYminute

May 6, 2023May 6, 2023 by EnergyNow Media

Courtesy of ENERGYminute Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The difference poltics makes Political and democratic regimes can have a significant impact on natural resource extraction and sustainability. In non-democratic regimes, natural resources are often controlled by the government or a small elite group, which can lead to a lack of … Read more

Ukraine’s Nuclear Deal with Canada’s Cameco Carries Big Risks and Rewards

May 6, 2023May 6, 2023 by EnergyNow Media

WINNIPEG, Manitoba/KYIV, May 5 (Reuters) – Ukraine’s 12-year deal to buy enough uranium from Canadian miner Cameco Corp to power all of its nuclear reactors gives each side the right to change sales volumes with two years’ notice, the Ukrainian state-owned utility Energoatom told Reuters. The unusual flexibility of the deal announced in February, the … Read more

Enbridge CEO Sees Oil Prices in Sweet Spot for Drillers, Drivers

May 6, 2023May 6, 2023 by EnergyNow Media

Enbridge Inc. Chief Executive Officer Greg Ebel said that despite recent volatility in energy markets, oil and natural gas prices are at a level beneficial for both users and producers. Prices are “in a bit of a sweet spot here that allows for consumers to benefit, but still for our producing customers to actually make … Read more

US weekly oil & gas rig count falls by the most since February -Baker Hughes

May 5, 2023 by EnergyNow Media

By Scott DiSavino (Reuters) -U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by seven to 748 in the week to May 5. … Read more

TransAlta reports first quarter 2023 results and raises 2023 financial guidance

May 5, 2023 by EnergyNow Media

FIRST QUARTER 2023 FINANCIAL HIGHLIGHTS Adjusted EBITDA(1),(2) of $503 million, an increase of 94% over the same period in 2022 Free Cash Flow (“FCF”)(1) of $263 million, or $0.98 per share, an increase of 145% on a per-share basis from the same period in 2022 Earnings before income taxes of $383 million, an improvement of $141 million … Read more

Idle Oil Wells’ Next Act? Becoming Batteries for Renewable Energy

May 5, 2023 by EnergyNow Media

The fan club for abandoned oil and gas wells is an exceedingly small one, but Kemp Gregory might just be the president. Where others see an eyesore or a source of rogue methane emissions, Gregory sees opportunity. Standing next to a 4,000-foot-deep well on the outskirts of Bakersfield, California, he demonstrates why. A 3,000-pound weight … Read more

U.S. Shale Drillers See Natural Gas Price Rebound in 2024 After Short-Lived Pain

May 5, 2023 by EnergyNow Media

US shale-gas drillers are betting that a price slump eroding their cash-flow outlook will be short-lived and that a rebound awaits in 2024. A group of suppliers including EQT Corp. and Southwestern Energy Co. used the latest round of earnings calls with analysts to reassure investors that natural gas supply and demand fundamentals remain structurally … Read more

Enbridge reports upbeat Q1 on higher transportation volumes

May 5, 2023 by EnergyNow Media

Enbridge Inc (Reuters) – Enbridge Inc (ENB.TO) reported a rise in first-quarter adjusted profit on Friday, as sustained fuel demand boosted oil transportation volumes for the Canadian pipeline operator. While global oil prices have declined considerably from peaks hit last year after Russia launched a full-scale invasion of Ukraine, prices are still high enough for companies to produce … Read more

Oil Rises But Stays on Track for Third Weekly Decline

May 5, 2023May 5, 2023 by EnergyNow Media

(Reuters) – Oil prices rose on Friday but were poised for a third straight week of losses after markets registered dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Brent crude rose $1.88, or 2.6%, to $74.38 a barrel by 1128 GMT. U.S. West Texas Intermediate was up $1.89, or 2.8%, … Read more

Oil Rises But Stays on Track for Third Weekly Decline

May 5, 2023 by EnergyNow Media

Enbridge reaches toll agreement with shippers for Mainline system

May 5, 2023May 5, 2023 by EnergyNow Media

May 4 (Reuters) – Enbridge Inc (ENB.TO), Canada’s largest transporter of crude oil, said on Thursday it has reached a 7-1/2 year toll agreement with shippers for its Mainline system. The agreement, which still requires approval from the Canadian regulator, covers tolls charged for service on both the U.S. and Canadian portions of Enbridge’s Mainline, … Read more

Environment Canada Opens Fisheries Act Investigation into Kearl Tailings Releases

May 5, 2023May 5, 2023 by The Canadian Press

EDMONTON — Environment Canada has opened an investigation into whether Imperial Oil broke federal laws with two releases of tailings from its Kearl oilsands mine in northern Alberta.
Environment Minister Steven Guilbeault said the move comes after wee…

Energy Diversification: Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

May 5, 2023May 5, 2023 by The Canadian Press

TORONTO — Loblaw Companies Ltd. says it has reached a deal with TC Energy that will see the grocer’s operations in Alberta powered entirely by wind, sun and water.
The retailer says the arrangement is a first of its kind in Canada, providing its 280 s…

Enerplus announces first quarter 2023 results

May 5, 2023 by EnergyNow Media

CALGARY, AB – Enerplus Corporation (“Enerplus” or the “Company”) (TSX: ERF) (NYSE: ERF) today announced financial and operating results for the first quarter of 2023. The Company reported first quarter 2023 cash flow from operating activities and adjusted funds flow of $241.4 million and $260.4 million, respectively, compared to $196.0 million and $261.9 million, respectively, in … Read more

Baytex announces first quarter 2023 results

May 5, 2023 by EnergyNow Media

Calgary, Alberta – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) reports its operating and financial results for the three months ended March 31, 2023 (all amounts are in Canadian dollars unless otherwise noted). “We continued to deliver on our operating and financial targets in the first quarter, which included strong results from our Peavine Clearwater development. … Read more

Pembina Pipeline Corporation reports results for the first quarter 2023 and raises quarterly common share dividend

May 5, 2023 by EnergyNow Media

CALGARY, Alberta – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the first quarter of 2023. Highlights First Quarter Results – reported earnings of $369 million and adjusted EBITDA of $947 million. Common Share Dividend Increase – the board of directors declared a common share cash dividend for the … Read more

Schachter’s Eye on Energy: Energy Prices Declining Due To Concern About US Banking Crisis And Demand Falling As Credit Crunch Occurs.

May 5, 2023May 5, 2023 by EnergyNow Media

ARC Resources Ltd. reports first quarter 2023 results and announces the sanction of Attachie and dividend increase

May 5, 2023 by EnergyNow Media

CALGARY, AB – (TSX: ARX) ARC Resources Ltd. (“ARC” or the “Company”) today reported its first quarter 2023 financial and operational results, announced the sanctioning of Attachie Phase I, provided revisions to its 2023 guidance, and increased the dividend. HIGHLIGHTS Attachie Phase I Sanction and Revised Guidance The Board has approved the sanction of Attachie Phase I. The … Read more

Perpetual Energy Inc. reports first quarter 2023 financial and operating results and confirms 2023 guidance

May 4, 2023 by EnergyNow Media

CALGARY, AB – Perpetual Energy Inc. (“Perpetual”, or the “Company”) is pleased to report its first quarter 2023 financial and operating results and confirm 2023 guidance. Select financial and operational information is outlined below, and should be read in conjunction with Perpetual’s unaudited condensed interim consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three months … Read more

Parkland rejects activist investor’s call to sell or spin off Burnaby refinery

May 4, 2023 by EnergyNow Media

CALGARY – Parkland Fuel Corp. said Thursday its Burnaby, B.C. refinery is not for sale, even in the face of pressure from an activist investor. The Calgary-based fuel retailer and convenience store operator has been the subject of a campaign by U.S.-based Engine Capital LP, which owns about a two per cent stake in Parkland. … Read more

Commentary: Sustainable and Inclusive Devastation – Irina Slav

May 4, 2023 by EnergyNow Media

By Irina Slav – More From Irina Slav There are some weeks when it’s almost boring on the energy news front. Then there are weeks when it never rains but pours evidence that: 1) the world’s gone insane; 2) someone’s playing a massive joke on all of us; or 3) we are witnessing the easily predictable … Read more

Canadian Natural Resources reports Q1 profit down from year ago, production up

May 4, 2023May 4, 2023 by The Canadian Press

CALGARY — Canadian Natural Resources Ltd. reported a first-quarter profit of $1.8 billion, down from $3.1 billion in the same quarter last year.
The oilsands company say the profit amounted to $1.62 per diluted share for the quarter ended March 31, do…

Oil Edges Up After Three-Day Plunge But Demand Woes Linger

May 4, 2023 by EnergyNow Media

Oil prices fall more than 8% so far this week Fed raises rates, opens door to pause in tightening cycle ECB set to raise interest rates for 7th time in inflation fight May 4 (Reuters) – Oil prices rose on Thursday but were unable to claw back much of this week’s more than 8% decline … Read more

Parkland sees earnings rise 40 per cent in first quarter of 2023

May 4, 2023May 4, 2023 by The Canadian Press

CALGARY — Parkland Corp. says it earned $77 million in the first quarter of 2023, up 40 per centfrom $55 million a year earlier.
The Calgary-based convenience store operator and fuel retailer says sales and operating revenue for the quarter ended Marc…

Canadian Natural Resources Limited Announces 2023 First Quarter Results

May 4, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 4, 2023) – Commenting on the Company’s first quarter 2023 results, Tim McKay, President of Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ), stated, “Canadian Natural delivered strong results in Q1/23 with effective and efficient operations on our balanced and diverse portfolio of high quality assets. Our culture of continuous improvement, focus … Read more

Kelt Reports Financial and Operating Results for the Three Months Ended March 31, 2023

May 4, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 4, 2023) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) reports its financial and operating results to shareholders for the first quarter ended March 31, 2023. The Company’s financial results are summarized as follows: FINANCIAL HIGHLIGHTS Three months ended March 31 (CA$ thousands, except as otherwise indicated) 2023 … Read more

Obsidian Energy Announces Strong First Quarter 2023 Results

May 4, 2023 by EnergyNow Media

Strong performance and production increases from all development areas resulted in 33,153 boe/d average production for the quarter Funds flow from operations was $94.3 million in the quarter (20 percent increase from the first quarter of 2022) Peace River development and exploration program extends Walrus Bluesky play and further delineates acreage for both Bluesky and … Read more

EVs are Becoming Much Heavier “Thicc” Rides Which Creates More Issues

May 4, 2023May 4, 2023 by EnergyNow Media

Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE As the electric vehicle market continues to grow and become more competitive, manufacturers are pushing the limits on battery capacity, resulting in some seriously thicc rides. Background: In general, EVs are much heavier than their gas-guzzling counterparts thanks to an array of dense batteries. Although more batteries translate … Read more

The EV (Non)Contribution: Who’s Going to Pay For Roads in the Future?

May 4, 2023May 4, 2023 by EnergyNow Media

evs who’s going to pay for roads in the future energyminute 1200x810

Image generated by DALLE-2 Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE For those lucky enough to live in a place that experiences seasonal freeze-thaws, the month of May represents more than just the firing up of BBQs: it’s pothole season, baby. It’s usually taken for granted that crews of tireless skilled labourers … Read more

Time to ensure a provincial carbon tax never returns to Alberta

May 4, 2023May 4, 2023 by EnergyNow Media

There’s bad news, good news and hope for the future. The bad news is Albertans are paying more to drive to work, heat their homes and to buy groceries, thanks to the latest federal carbon tax hike. The good news is Alberta Premier Danielle Smith’s government has almost neutralized that pump price sting by suspending the provincial fuel tax. While folks in Saskatchewan are paying the federal carbon tax and the provincial excise tax, costing them a combined 29 cents extra per litre of gasoline, Albertans are only paying federal taxes, giving us the … Read more

Gear Energy Ltd. Announces First Quarter 2023 Operating Results

May 3, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 3, 2023) – Gear Energy Ltd. (TSX: GXE) (“Gear” or the “Company”) is pleased to provide the following first quarter operating update to shareholders. Gear’s Interim Condensed Consolidated Financial Statements and related Management’s Discussion and Analysis for the period ended March 31, 2023 are available for review on Gear’s website at www.gearenergy.com and … Read more

Commentary: US Oil and Gas Output Growth Set to Slow Sharply

May 3, 2023 by EnergyNow Media

U.S. oil and gas production grew rapidly in the first two months of 2023 – a delayed response to the high prices and upturn in drilling that characterised much of last year following Russia’s invasion of Ukraine. But growth is set to decelerate sharply as the more recent slump in prices curtails new drilling and … Read more

XI Technologies: Abandonment and Reclamation across WCSB from 2021 to 2022

May 3, 2023 by EnergyNow Media

Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. This week we look at the E&P landscape through a different lens, one which shows how liabilities were managed in the Western Canadian Sedimentary Basin (WCSB) over the past year. XI Technologies conducted an … Read more

Kiwetinohk provides first quarter 2023 financial and operational results

May 3, 2023 by EnergyNow Media

Production averaged 23,996 boe/d, in line with guidance Adjusted funds flow from operations of $76.0 million Strong operating netback of $36.40/boe Reduced capital budget and lower forecasted production growth given weaker commodity price outlook Revised guidance reflects updated budget and outlook CALGARY, AB, May 2, 2023 /CNW/ – Kiwetinohk Energy Corp. (TSX: KEC) today reported its 2023 first quarter financial and … Read more

Paramount Resources Ltd. announces first quarter 2023 results

May 3, 2023 by EnergyNow Media

CALGARY, AB, May 3, 2023 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX: POU) is pleased to announce first quarter 2023 financial and operating results highlighted by record production in the Grande Prairie Region, an active capital program that will drive second half 2023 production growth and continued strong free cash flow generation. HIGHLIGHTS First quarter sales … Read more

Western Canada Select discount steady as oil benchmarks slide

May 3, 2023 by EnergyNow Media

Western Canada Select (WCS) heavy crude’s discount to the benchmark West Texas Intermediate (WTI) held steady on Tuesday, although the outright price of WCS slipped as global oil prices fell. WCS for June delivery in Hardisty, Alberta, traded between $14.90 and $14.80 a barrel under WTI, according to brokerage CalRock, barely changed from the previous … Read more

Oil Sinks Below $70, US Regional Bank Rout Deepens: Markets Wrap

May 4, 2023May 3, 2023 by EnergyNow Media

Oil dropped below $70 a barrel and US regional lenders slumped as the prospect of a recession and worries about financial stability weighed on markets ahead of the Federal Reserve’s rate decision. Crude futures fell to the lowest since March in New York. Shares of PacWest Bancorp and Western Alliance Bancorp slid in premarket trading, … Read more

Saudi Arabia Needs Pricier Oil to Balance Its Budget, IMF Says

May 3, 2023 by EnergyNow Media

The International Monetary Fund expects Saudi Arabia won’t balance its budget if oil is below $80 a barrel, a revision that means the kingdom will move back into fiscal deficit after its first surplus in almost a decade. The fund’s latest projections put this year’s Saudi breakeven oil price at $80.9, up by more than … Read more

Arctic Oil Drilling Plans Revived in Norway as Priorities Change

May 3, 2023 by EnergyNow Media

Norway’s biggest oil and gas companies are reviving exploration plans in Arctic waters, as the government agitates for fresh discoveries in the Barents Sea to secure the country’s future as a key energy supplier to Europe. Estimated to hold more than 60% of Norway’s undiscovered hydrocarbon resources, the Barents Sea has long been seen as … Read more

Learning to Live with (de)Generative AI – Geoffrey Cann

May 3, 2023 by EnergyNow Media

Time to hone those inquiry skills. By Geoffrey Cann A quick trial of ChatGPT reveals its considerable strengths and its worrisome weaknesses in generating energy talking points. One of my many contacts asked me a rather simple question earlier this week, a kind of talking point about energy: Why does Greenpeace not like LNG? My contact is from Germany, and … Read more

Aramco In Talks With Sinopec and Total on $10 Billion Saudi Gas Deal

May 3, 2023 by EnergyNow Media

Sinopec and TotalEnergies SE are among companies holding talks to invest in the Jafurah development in Saudi Arabia, according to people familiar with the matter, as the kingdom seeks to exploit one of the world’s largest untapped gas fields. The Chinese and French energy giants are in separate discussions with Saudi Aramco about the plans … Read more

COP28 President Al Jaber Calls for End of ‘Fossil Fuel Emissions’ with Commercially Viable Carbon Capture

May 3, 2023 by EnergyNow Media

COP28 President Sultan Al Jaber said climate diplomacy should focus on phasing out emissions from oil and gas, leaving the door open for the continued use of fossil fuels while ramping up technologies to capture the carbon pollution produced from burning them. “In a pragmatic, just and well-managed energy transition, we must be laser focused on … Read more

Brookfield Eyes Green Steel for Multibillion New Transition Fund

May 3, 2023 by EnergyNow Media

Brookfield Asset Management Ltd. aims to raise more than $15 billion to invest in low-carbon technologies, including the use of green hydrogen to clean up pollution from the steel sector. The private equity giant will this week launch the Brookfield Global Transition Fund II, a larger iteration of its previous fund focused on decarbonization and clean energy, Natalie Adomait, … Read more

FEATURE: Beyond Energy’s Engineering Services – Learn More

May 3, 2023 by EnergyNow Media

One of Beyond Energy’s core services is providing outstanding real-time engineering technical support. Our in-house engineering team comprises a team of proficient and experienced specialists who cater to our client’s needs for their well-construction projects. Throughout the project lifecycle, our engineers strive to make continuous improvements. It commences with the initial technical feasibility analysis and … Read more

PTW ENERGY SERVICES IS HIRING: Join Canada’s largest provider of electrical and instrumentation services dedicated to servicing the energy industry.

May 3, 2023 by EnergyNow Media

PTW ENERGY SERVICES IS HIRING – Join Canada’s largest provider of electrical and instrumentation services dedicated to servicing the energy industry. PTW provides employment opportunities across Canada with the Country’s top energy giants and is a trusted industry partner committed to delivering exceptional results and exceeding expectations. PTW is able to offer quality and consistent … Read more

GeoVerra Announces VP, Environment, Sustainability and Social Responsibility

May 3, 2023 by EnergyNow Media

Edmonton, AB (May 3, 2023) – GeoVerra, one of Canada’s largest land surveying and geomatics firms, has announced that the role of their Vice-President, Forestry and Environmental, Adrienne Maskalyk, is expanding to Vice-President, Environment, Sustainability and Social Responsibility. This new role demonstrates the company’s commitment and recognition of the importance of sustainability and social responsibility to their communities and … Read more

Taxpayers Get Soaked by Trudeau Volkswagen Giveaway

May 4, 2023May 3, 2023 by EnergyNow Media

More than $4 million per job. That’s how much Prime Minister Justin Trudeau has committed taxpayers to spending in his sweetheart deal with a German auto giant. In St. Thomas, Ont., flanked by Premier Doug Ford, Trudeau announced that taxpayers are set to give Volkswagen up to $13 billion in exchange for a $7-billion … Read more

COMMENTARY: New Brunswick LNG Project Latest Casualty of Ottawa’s Energy Policy

May 3, 2023May 3, 2023 by EnergyNow Media

Appeared in the Fredericton Daily Gleaner, April 29, 2023 Last month, the energy company Repsol S.A. announced it would not proceed with a liquefied natural gas (LNG) export terminal in Saint John, adding to a growing list of dead or dying energy projects across Canada, which could have produced badly needed investment, well-paying jobs and economic opportunity. … Read more

Tenth Avenue Petroleum announces 2022 year-end results and reserves

May 2, 2023 by EnergyNow Media

CALGARY, AB – Avenue Petroleum Corp. (“TPC” or the “Company”) (TSXV:TPC) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2022, as well as highlights of the Company’s year-end reserves evaluation. Financial and operational information set out below should be read in conjunction with the Company’s audited financial statements … Read more

Pine Cliff Energy Ltd. announces first quarter 2023 results, confirmation of monthly dividend, operational update and information regarding the annual meeting of shareholders

May 2, 2023 by EnergyNow Media

Calgary, Alberta–(Newsfile Corp. – May 2, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company“) announces first quarter 2023 financial and operating results, confirmation of monthly dividend, an operational update and information regarding the annual meeting of shareholders. First Quarter 2023 Highlights Highlights from the first quarter include: generated $19.8 million of adjusted … Read more

Industry Transition Report: Accelerating Decarbonization in Hard to Abate Sectors

May 3, 2023May 2, 2023 by EnergyNow Media

Despite making up more than 30% of emissions, industrial companies are behind the curve on decarbonization. Mining, metals, refining, long-haul transportation, and building industries must act to accelerate progress across the decarbonization trilemma. Reuters Events latest report, Accelerating Decarbonization in Hard to Abate Sectors, unpacks pathways to delivering circular and sustainable industrial models and questions which … Read more

U.S. natgas futures slide 2% on record output, lower demand

May 2, 2023 by EnergyNow Media

U.S. natural gas futures slid about 2% on Tuesday as drillers keep pulling record amounts of gas out of the ground while seasonally warmer weather cuts heating demand and the amount of gas flowing to liquefied natural gas (LNG) export plants declines as units shut for spring maintenance. Front-month gas futures for June delivery on … Read more

ROK Resources announces early repayment of term loan, reduction in hedge program and lithium update

May 2, 2023 by EnergyNow Media

REGINA, SK / ACCESSWIRE / May 2, 2023 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(TSXV:ROK.WT)(OTCQB:ROKRF), is pleased to announce the full repayment of its non-revolving term loan (“Term Loan“), 20 months prior to expiry. The Term Loan was obtained in January 2023 and was fully repaid, without pre-payment penalties, through a combination of monthly operating … Read more

PetroFrontier Corp. announces filing of 2022 annual financial and operating results, year-end reserves evaluation and new executive appointment

May 2, 2023 by EnergyNow Media

CALGARY, AB / ACCESSWIRE / May 2, 2023 / PetroFrontier Corp. (“PetroFrontier” or the “Corporation“) (TSXV:PFC) is pleased to announce that the Corporation’s 2022 Annual Financial Statements, Management’s Discussion and Analysis and NI 51-101 forms regarding Statement of Reserves Data and Other Oil and Gas Information have been filed on SEDAR (www.sedar.com). Executive Appointment PetroFrontier is also … Read more

Flooding has pushed Wisconsin’s Bad River closer to Line 5 pipeline

May 2, 2023May 2, 2023 by The Canadian Press

WASHINGTON — Heavy flooding throughout the U.S. Midwest has pushed the edge of the Bad River in Wisconsin ever closer to the controversial Line 5 pipeline.
Court documents filed Monday show the river overtopped its banks twice last month for a total …

Oil Slips on Weak China Data and Rate Hike Expectations

May 2, 2023 by EnergyNow Media

(Reuters) – Oil prices fell on Tuesday on weak economic data from China and expectations of interest rate hikes by the U.S. Federal Reserve and European Central Bank (ECB) this week. Brent crude fell 42 cents, or 0.53%, to to $78.89 a barrel by 1037 GMT while U.S. West Texas Intermediate (WTI) crude lost 46 … Read more

India, China Propose ‘Multiple Energy Pathways’ on Cutting Use of Fossil Fuels

May 2, 2023 by EnergyNow Media

(Reuters) – India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels, three Indian government officials said. India, the current G20 president, is keen on introducing the phrase ‘multiple … Read more

OPEC Oil Output Falls on Iraq, Nigeria Outages

May 2, 2023 by EnergyNow Media

OPEC output falls 190,000 bpd from March – survey Iraqi output falls by 200,000 bpd, biggest drop in group Quota-bound members undershoot target by 1.2 million bpd Output by country LONDON, May 2 (Reuters) – OPEC oil output fell in April due to a halt in some of Iraq’s exports and delays to Nigerian shipments, … Read more

Taxpayers Federation Applauds Alberta’s UCP Promise to Cut Taxes

May 2, 2023May 2, 2023 by EnergyNow Media

UCP promises to lower provincial income tax by creating a new tax bracket UCP promises to extend provincial fuel tax suspension until Dec. 31, 2023 LETHBRIDGE, AB: The Canadian Taxpayers Federation is applauding the promises from the United Conservative Party to lower Alberta’s provincial income tax and to further suspend the provincial fuel tax. “These promises … Read more

MEG Energy earns $81M; down 77 per cent from first quarter 2022 as oil prices fall

May 2, 2023May 2, 2023 by The Canadian Press

CALGARY — MEG Energy Corp. says it earned $81 million in the first quarter of 2023, a 77 per cent decrease from the $362 million it earned in the same quarter the previous year.
The Calgary-based company says its profit worked out to 28 cents per shar…

Project Progress Under Impact Assessment Act Remains Slow

May 2, 2023May 2, 2023 by The Canadian Press

CALGARY — A new report says the approvals process for major projects in Canada continues to be slow and cumbersome under revamped environmental assessment legislation.
The federal Impact Assessment Act came into force three-and-a-half years ago, and …

Trudeau Warns Companies Not to Expect Same Handout as VW

May 2, 2023May 2, 2023 by EnergyNow Media

Firms building electric-vehicle components in Canada won’t necessarily get the same massive subsidy package that Volkswagen AG just received, Prime Minister Justin Trudeau said.Canada signed a deal to subsidize the German automaker’s production of electric-vehicle batteries by as much as C$13 billion ($9.6 billion) over 10 years. The agreement means Volkswagen plans to build an … Read more

IT’S ON! Alberta Schedules Election for May 29 with Alberta’s Energy Future at Stake

May 2, 2023May 2, 2023 by EnergyNow Media

Alberta will hold its election on May 29, Alberta’s chief electoral officer said on Monday, a vote that will have a huge bearing on Canada’s climate goals of cutting emissions 40% to 45% from 2005 levels by 2030. The election is expected to be a tight race between Premier Danielle Smith’s ruling United Conservative Party … Read more

Gibson Energy announces 2023 first quarter results

May 1, 2023 by EnergyNow Media

All financial figures are in Canadian dollars unless otherwise noted Calgary, AB, May 1, 2023 /PRNewswire/ – Gibson Energy Inc. announced today its financial and operating results for the three months ended March 31, 2023. “Gibson is off to a great start in 2023, with Adjusted EBITDA in the quarter reaching a new high-water mark, driven by … Read more

Topaz announces first quarter 2023 results, achieves record royalty production and declares quarterly dividend

May 1, 2023 by EnergyNow Media

CALGARY, AB, May 1, 2023 /CNW/ – Topaz Energy Corp. (TSX: TPZ) (“Topaz” or the “Company”) is pleased to provide first quarter 2023 financial results and confirm the Company’s 2023 guidance estimates. Select financial information is outlined below and should be read in conjunction with Topaz’s interim consolidated financial statements and related management’s discussion and analysis (“MD&A”) as at … Read more

MEG Energy announces first quarter 2023 financial and operating results

May 1, 2023 by EnergyNow Media

All financial figures are in Canadian dollars ($ or C$) and all references to barrels are per barrel of bitumen unless otherwise noted. The Corporation’s Non-GAAP and Other Financial Measures are detailed in the Advisory section of this news release. They include: cash operating netback, bitumen realization net of transportation and storage expense, operating expenses … Read more

Imperial appoints Senior Vice President, Sustainability, Commercial Development and Product Solutions

May 1, 2023 by EnergyNow Media

CALGARY, Alberta – Imperial (TSE: IMO, NYSE American: IMO) announced today that S.L. (Sherri) Evers, currently Vice President, Commercial and Corporate Development, will become the company’s Senior Vice President, Sustainability, Commercial Development and Product Solutions, assuming oversight and responsibility of the company’s downstream business effective May 1, 2023. Sherri will continue to oversee the commercial … Read more

Razor announces recapitalization transaction including debt settlement and rights offering to all common shareholders

May 1, 2023 by EnergyNow Media

CALGARY, Alberta – Razor Energy Corp. (“Razor”) (TSXV: RZE) is pleased to announce that Razor has entered into a debt settlement agreement with Alberta Investment Management Corporation, (“AIMCo”), on behalf of certain designated entities managed and advised by AIMCo (the “Debt Settlement Agreement”), pursuant to which AIMCo and Razor have agreed, subject to certain terms and conditions, … Read more

Glencore Deal for Teck Would Face Stringent Review, Trudeau Says

May 1, 2023 by EnergyNow Media

Teck Resources Ltd. is a “great company” that’s important to Canada’s economy, and any takeover bid for the miner will have to get through a “rigorous process” to win government approval, Canadian Prime Minister Justin Trudeau said. The company’s tense fight with Glencore Plc is “certainly something that we’re looking very, very carefully at because … Read more

Enbridge Acquires Gas Storage Facility in British Columbia for $400 Million

May 1, 2023May 1, 2023 by EnergyNow Media

May 1 (Reuters) – Canadian pipeline operator Enbridge Inc (ENB.TO) said on Monday it would acquire Aitken Creek natural gas storage facility in British Columbia (B.C.) from FortisBC Holdings Inc for C$400 million ($294.68 million). Aitken Creek Storage is an underground reservoir located in the Montney area, one of Canada’s most attractive oil regions. The storage facility, … Read more

Oil Drops as Economic Growth Concerns Offset OPEC+ Cuts

May 1, 2023 by EnergyNow Media

Summary US Fed expected to raise rates by 25 basis points this week Latest OPEC+ output cuts of 1.16 mln bpd take effect from Monday Market seen in deficit through second quarter -analyst TOKYO, May 1 (Reuters) – Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising … Read more

Advantagewon Oil Corp. provides update on application for management cease trade order

May 1, 2023 by EnergyNow Media

Toronto, Ontario–(Newsfile Corp. – April 28, 2023) – Advantagewon Oil Corp. (CSE: AOC) (the “Corporation“) announces further to its press release of April 21, 2023, that the Ontario Securities Commission (the “OSC“) has rejected the Corporation’s application for a management cease trade order (the “MCTO“) as the Corporation is not viewed as having met all … Read more

Highwood Asset Management Ltd. announces 2022 fourth quarter and year end results, 2022 year end reserves along with operational update

May 1, 2023 by EnergyNow Media

CALGARY, AB, April 28, 2023 /CNW/ – Highwood Asset Management Ltd., (“Highwood” or the “Company“) (TSXV: HAM) is pleased to announce financial and operating results for the three months and twelve months ended December 31, 2022 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2022, prepared by GLJ Petroleum Consultants Ltd. (“GLJ“). … Read more

The Calgary Petroleum Club is Celebrating 75 Years – And They Want You Back!! It’s Time to Re-Engage, Re-Discover & Re-Join! – Past Members, Check This Out!

May 9, 2023May 1, 2023 by EnergyNow Media

Attention All Previous CPC Members! We Want You Back! Re-Engage Re-Discover Re-Join The Calgary Petroleum Club is celebrating 75 years in Calgary and there is not any better … Read more

Feature: High Altitude Adventurer Helps Industrial Companies Flourish

May 1, 2023May 1, 2023 by EnergyNow Media

Unlike most people, Terry Toffelmire loves it when there’s no cell service. That’s because the trail runner, ultramarathoner and mother of two spends her off-hours summiting the world-renowned Rocky Mountains – the largest mountain system in North America. To help pay the family bills (and her hobbies😊) Terry works as Aveva Configuration lead at Vista … Read more

Understanding the Fundamentals of Fire-Resistant Hand Protection

May 1, 2023 by EnergyNow Media

By: Superior Glove, leading safety glove innovator Fire injuries occur when hands are exposed to direct or indirect flame, and—combined with the heat present—cause burn injuries. The depth of the skin damage determines the severity of the injury, anywhere from first-degree burns to third-degree burns. The key to reducing these types of injuries is by … Read more

Pandell Attains ISO27001 Certification for Information Security Management Systems

May 1, 2023 by EnergyNow Media

PwC Audit Certifies Pandell’s Data and System Hosting Environments Meet Rigorous International Safety Standards Calgary, AB – Pandell, a leading provider of energy software solutions, is proud to announce that they have attained the ISO27001 certification for their Information Security Management System (ISMS). The certification was awarded after an independent audit conducted by the global … Read more

Proven, precise and reliable trace moisture measurement for hydrogen and natural gas applications

May 1, 2023 by EnergyNow Media

The conversion of electric power from renewable sources to hydrogen is significant technology to decarbonisation and seasonal energy storage. Precise and dependable moisture measurements are crucial for plants to comply to contracted limits and ensure safety at the plant. Polymer Electrolyte Water Electrolysis (PEM) or Alkaline Water Electrolysis are widely accepted principles for decomposing water … Read more

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