Sept 29 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, reducing the rig count for a third consecutive quarter, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an … Read more
(Reuters) – Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30% in the quarter as OPEC+ production cuts squeezed global crude supply. Front-month Brent November futures settled down 7 cents to $95.31 per barrel at the contract’s expiry, up about 2.2% in the week and 27% … Read more
Hand injuries are the #1 preventable industrial accident around the globe. If preventable, why are they so common? Attend this webinar to learn how to build the foundation for an effective safety program that can protect your workforce from hand injuries. In this presentation, industrial hand safety specialist Shane Nider will share what has been learned about … Read more
More Canadian crude than ever is heading overseas, but many of the tankers aren’t leaving from Canada’s shores By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Oil carrier in port for loading. Getty Images photo Canada’s relationship with the United States as virtually its only customer … Read more
By Cody Good Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The adoption of renewable energy sources has been driven by various factors, including environmental concerns, energy security, and decreasing costs. A country’s ability to generate renewables is highly dependent on its geography and abundance of natural resources. Many of the countries with … Read more
Friday, Sep. 29, 2023 Trudeau must drop his grocery tax threat Here’s political irony to ponder while you’re in line at the grocery store waiting to pay your ever-increasing bill. Prime Minister Justin Trudeau says he’s thinking about making groceries cheaper by imposing a new tax. Brace yourself because there’s more irony. The House of … Read more
Summary OPEC+ ministerial panel meets on Oct. 4 No policy tweaks or recommendations expected – sources Saudi, Russia monthly review of voluntary cuts in focus LONDON/DUBAI/MOSCOW, Sept 29 (Reuters) – OPEC+ is unlikely to tweak its current oil output policy when a panel meets next Wednesday, four OPEC+ sources told Reuters, as tighter supplies and … Read more
(Reuters) – Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30% in the quarter as OPEC+ production cuts squeezed global crude supply. Front-month Brent November futures settled down 7 cents to $95.31 per barrel at the contract’s expiry, up about 2.2% in the week and 27% … Read more
(Reuters) – The Biden administration’s plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming. The criticism from both sides reflects the difficulty Biden’s White House … Read more
CALGARY — TC Energy Corp. says its Coastal GasLink pipeline project is 98 per cent complete.
Coastal GasLink is a 670-kilometre pipeline spanning northern British Columbia that will carry natural gas across the province to the LNG Canada processing an…
By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Energy growth in developed and developing nations since 2000 has followed distinct trajectories due to differences in economic development, energy infrastructure, policies, and population growth. OECD Nations Steady or declining energy consumption: Most developed nations have experienced relatively stable or declining energy … Read more
More Commentaries From Fraser Institute Here The Smith government currently projects a $2.4 billion budget surplus for Alberta in 2023/24, despite oil prices being lower than originally forecast in Budget 2023. While it looks like good news for now, Albertans should proceed with caution as volatile and unpredictable resource revenue could soon turn the province to a … Read more
(Reuters) – Oil prices edged higher on Friday, and were headed for a gain of 2% for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week holiday. Front-month Brent November futures were up 42 cents, or 0.44%, to $95.80 per barrel at 0943 GMT, ahead … Read more
Summary Saudi, Russia to dictate prices over the next 3 months – analyst US shale, Iran and Venezuela oil production to ease tightness For a table of crude price forecasts, click Sept 29 (Reuters) – Saudi and Russian supply cuts are expected to keep feeding into stronger oil prices, but any runs towards the $100 a barrel … Read more
CALGARY — A B.C. First Nation is asking the Canada Energy Regulator to release its reasons as soon as possible for allowing a modification of the Trans Mountain pipeline’s route.
In a letter to the regulator dated Wednesday, a lawyer representing the …
CALGARY, AB, Sept. 28, 2023 /CNW/ – Entropy Inc. (“Entropy” or the “Corporation”), a subsidiary of Advantage Energy Ltd. (“Advantage”), provides a corporate update and announces with deep sympathy the passing of Rick Bower, Entropy’s Chief Technology Officer. Corporate Update Entropy continues to expand our focus on the United States, with three projects advancing through engineering phase under commercial agreements. Preliminary … Read more
Canada can lead the world with reliable, affordable energy supply and clean technology as countries work to reduce emissions By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter U.S. oil refinery. Getty Images photo The International Energy Agency (IEA) has updated its net zero scenario, pushing for … Read more
CALGARY — An embattled Calgary energy company is fighting the provincial regulator’s decision to seize thousands of its inactive wells.
AlphaBow Energy has complained to the Alberta ombudsman and the province’s information and privacy commissioner ove…
By Yogi Schulz Here’s the link to my IT blog at IT World Canada Are you surprised that major oil and natural gas producers investing heavily in cybersecurity defences are nonetheless victims of data breaches and ransomware attacks? Consider this recent headline: Petro-Canada payments systems largely restored in the wake of a cyberattack: Suncor. Are … Read more
IRA-scale subsidies similar to those given to Volkswagen and Stellantis Sweden’s Northvolt AB said clean power and access to critical raw materials alongside generous subsidies swayed its decision to pick a site close to Montreal for its first electric vehicle battery plant in North America. The $7 billion project sets up Northvolt, founded by former … Read more
CALGARY, AB, Sept. 28, 2023 /CNW/ – AlphaBow Energy Ltd. (“AlphaBow”) is calling on the Alberta Ombudsman to review the Alberta Energy Regulator’s (“AER”) decision-making practices, which have deprived the company of its procedural fairness rights. In a complaint filed with the Alberta Ombudsman, AlphaBow alleges that the AER has demonstrated unfair, discriminatory, and intentional conduct toward … Read more
CALGARY, Alberta, Sept. 28, 2023 (GLOBE NEWSWIRE) — Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce a public offering (the “Offering”) on a “bought deal” basis, of $42 million principal amount of convertible unsecured subordinated debentures, at a price of $1,000 per debenture, with an interest rate of 8.50% per annum, payable … Read more
CALGARY, Alberta, Sept. 28, 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, strategic acquisitions and … Read more
MOSCOW, Sept 28 (Reuters) – Russian Energy Minister Nikolai Shulginov said on Thursday that the ban on fuel exports will not be lifted soon and will remain in place until the domestic market stabilises, TASS news agency reported. Shulginov also said that some additional measures could be taken in order to tackle the fuel shortages, … Read more
(Reuters) – A perfect storm of supply chain delays, design flaws and higher costs in the offshore wind industry has put dozens of projects at risk of not being delivered in time for countries to meet climate goals, industry executives, investors and analysts said. The race to reduce reliance on fossil fuels is putting pressure … Read more
(Reuters) – Oil prices steadied on Thursday as investors weighed supply concerns against growing expectations that key Western economies will maintain high interest rates to tackle stubborn inflation. By 1111 GMT, Brent crude futures were down 37 cents to $96.18 a barrel after rising to their highest level since last November earlier in the session. … Read more
Calgary, Alberta–(Newsfile Corp. – September 27, 2023) – Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) (OTCQX: GENGF) is pleased to announce the initiation of a strategic repositioning process and an operational update. STRATEGIC REPOSITIONING PROCESS Gear’s Board of Directors (the “Board”) have commenced a formal process to explore, review and evaluate strategic repositioning alternatives with … Read more
CALGARY, Alberta, Sept. 27, 2023 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF) (“Cielo” or the “Company”), a waste‐to‐fuel company, today announced its financial results for the three months ended July 31, 2023 and 2022. Copies of the unaudited interim financial statements and related management’s discussion and analysis can be found on the Company’s … Read more
Vancouver, British Columbia–(Newsfile Corp. – September 28, 2023) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to provide an operations update and declare a special dividend to shareholders. Operations Update Hemisphere recently completed its 2023 summer drilling program in the Atlee Buffalo area. Eight wells were drilled with six … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 35 energy, energy service and pipeline & infrastructure companies with regular quarterly updates. We also hold quarterly webinars and provide Action … Read more
Annual government revenues from Canada’s oil sands sector expected to rise to US$19.4 billion in 2050 By Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Canada’s parliament building in Ottawa. Getty Images photo Overview With ongoing public discussions focusing on net zero emissions from Canada’s oil sands … Read more
Firm transportation capacity along Dawn paths starting in 2026. TORONTO, Sept. 27, 2023 /PRNewswire/ – Enbridge Gas is holding a new capacity open season for C1 firm transportation service of up to 317,000 GJ/d beginning on Nov. 1, 2026, for a minimum five-year term along the following the Dawn (Facilities) to Dawn (Vector) transportation path. The Enbridge Gas … Read more
EDMONTON — A third-party report into the release of millions of litres of oilsands wastewater at Imperial Oil’s Kearl mine has found Alberta’s energy regulator followed all its rules and procedures in keeping the public and area First Nations informed…
CALGARY, Alberta, Sept. 27, 2023 (GLOBE NEWSWIRE) — (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) today announced that the Company’s shareholders (the “Shareholders”) have voted to approve the previously announced arrangement (the “Arrangement”) with Strathcona Resources Ltd. (“Strathcona”), which will see Pipestone combined with Strathcona to create one of Canada’s largest energy producers. Upon closing, Strathcona … Read more
CALGARY — Shareholders of Pipestone Energy Corp. have voted to approve a merger with Strathcona Resources Ltd.
Shareholders voted in favour Wednesday of a proposal which will see privately held Strathcona buy them out in an all-stock deal, creating a …
The controversial Rosebank oil and gas field in the UK North Sea got the go-ahead on Wednesday, despite demands from environmental groups that the country should show climate leadership by blocking the development. The move cements a policy shift in the Conservative government’s approach to the environment, but what does it mean for the nation in practical … Read more
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Lego is finding out that everything is not always awesome in the pursuit of sustainability, even if it’s fun when you’re part of a team. What happened: Lego has called it quits on its flagship sustainability project to replace its oil-based plastic bricks with ones made of … Read more
(Reuters Breakingviews) – The green energy boom is facing new headwinds. Falling costs, cheap capital and supportive politicians helped propel a headlong rush into renewable power. Now fracturing supply chains and higher interest rates are pushing up prices – and testing the resolve of consumers and governments. It took a while for the world to … Read more
Summary Equinor, Ithaca to invest $3.8 bln in phase 1 of field Environmental campaigners critical of approval LONDON, Sept 27 (Reuters) – Britain has given the go-ahead for one of its biggest new oil and gas projects in years, Equinor’s (EQNR.OL) North Sea Rosebank field, saying energy security was the priority despite opposition from environmentalists. Wednesday’s announcement … Read more
Summary Employees send open letter to CEO Wael Sawan Letter urges Sawan to continue its energy transition Sawan plans to slow spending in renewables LONDON, Sept 27 (Reuters) – Shell (SHEL.L) CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not … Read more
(Reuters) – Oil prices rose by more than $1 on Wednesday as markets focused on supply tightness heading into winter and a “soft landing” for the U.S. economy. Brent crude futures broached $95, up $1.14 to $95.10 a barrel by 1112 GMT. U.S. West Texas Intermediate crude futures climbed $1.35 to $91.74. Markets continued to … Read more
Russia said on Sept. 21 it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade that has already had to adjust to Western sanctions on Russian fuel exports. Russia eased some of the restrictions on Sept. 25, saying it … Read more
CALGARY, Alberta, Sept. 27, 2023 (GLOBE NEWSWIRE) — Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE). Prospera has successfully drilled five horizontal wells of the multi-well infill horizontal development program. Two horizontal wells have commenced production and the remaining three horizontal wells will commence production in the subsequent weeks. Currently, … Read more
OTTAWA — The federal Crown corporation constructing the expansion to the Trans Mountain pipeline says it remains committed to “meaningful engagement” with Indigenous communities after being given the green light to move the pipeline route over the obj…
The Canadian and U.S. federal governments want to fundamentally reshape the automobile industry via regulations, mandates and subsidies. These efforts bring to mind the story of King Canute, and will likely end the same: failure. At his height of power, so goes the story, King Canute ordered his throne to be set on the seashore. With … Read more
Executive Certificate in ESG Management October 23 – 27 2023 | In-Person | Calgary, Canada The School of Public Policy at the University of Calgary invites 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. Environmental, social, and … Read more
Volkswagen AG is curbing the production of electric vehicle models at two German plants due to declining European demand and shrinking government subsidies. Production of Volkswagen’s ID.3 and Cupra’s Born electric models will be dialed back at the German carmaker’s main EV factory in Zwickau until Oct. 16, a spokesperson said. Assembly of the ID.3 … Read more
Calgary, Alberta–(Newsfile Corp. – September 26, 2023) – WesCan Energy Corp. (TSXV: WCE) (“WesCan” or the “Company“) is announcing that it received a letter of resignation from its Chief Executive Officer, Greg T. Busby. Mr. Busby’s resignation as Chief Executive Officer of the Company will take effect on November 24, 2023 or such earlier date … Read more
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Sept. 26, 2023 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company“) is pleased to announce that it has completed its previously announced bought deal equity financing, issuing 16,916,500 subscription receipts (the “Subscription Receipts“) … Read more
CALGARY, AB, Sept. 26, 2023 /CNW/ – TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) held its Special Meeting of Shareholders (“the Meeting”) on September 26, 2023. The purpose of the Meeting was to seek shareholder approval in connection with the previously announced definitive arrangement agreement (the “Arrangement”) whereby TransAlta Corporation (“TransAlta”) will acquire all of the issued … Read more
U.S. crude stockpiles at the key Cushing, Oklahoma, storage hub are at their lowest in 14 months due to strong refining and export demand, prompting concerns about the quality of the remaining oil and the potential to fall below minimum operating levels, traders and analysts said. Further drawdowns at Cushing, the delivery point for U.S. … Read more
Clairmont, Alberta – September 1, 2023 – In a strategic move to strengthen its position in the market and foster innovation, TARA Energy Services Inc. (“TARA”) is excited to announce the successful acquisition of Lyons Production Services Ltd. (“Lyons”). This landmark acquisition represents a pivotal step forward in the company’s growth trajectory, combining the expertise … Read more
An activist investor that pushed for changes at Parkland Corp. earlier this year is making new recommendations such as prioritizing share buybacks.
In a letter to the Parkland board, Engine Capital commended the company on the work it has done so far …
Achieving net zero by 2050 is still possible, but requires tripling renewable energy capacity by the end of the decade and increasing green investments to $4.5 trillion a year globally by the early 2030s, according to a new report from the International Energy Agency. The assessment comes even as global greenhouse gas emissions reached a new … Read more
(Reuters) – Investors continued to buy petroleum future and options, with the focus on crude, but the buying has slowed as almost all short positions have been covered and the market has begun to look stretched on the bullish side. Hedge funds and other money managers purchased the equivalent of 25 million barrels in the … Read more
(Reuters) – A recent C$4.6 billion capital raise by Enbridge and a raft of new U.S. deals have spurred optimism for a revival in Canadian equity capital markets (ECM) issuance, bankers and lawyers said. Enbridge’s jumbo equity sale to finance a portion of its acquisition of three utilities from Dominion Energy propelled Canadian ECM issuance to a … Read more
(Reuters) – Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer. Brent crude futures were down $1.16, or 1.24%, at $92.13 a barrel at 0844 GMT, while U.S. West Texas Intermediate crude futures were … Read more
CALGARY, Alberta, Sept. 25, 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, is pleased to announce that its farm-in partner, North American Helium Inc. (“NAH”), has successfully completed drilling and casing of the first joint well at 2-31-2-8W3 (“Joint … Read more
Much is being made of the verbal warfare between Alberta Premier Danielle Smith and federal Environment Minister Steven Guilbeault over grievances both old and new, punctuated by his surprise appearance at the recent Tory convention in Quebec City. At issue are the Trudeau government’s plan to achieve “net-zero” greenhouse gas emissions by 2050 (Smith supports the 2050 goal but … Read more
CALGARY — A dissident shareholder’s campaign against a proposed merger between Pipestone Energy Corp. and Strathcona Resources Ltd. will be put to the test Wednesday.
Shareholders of Calgary-based Pipestone are set to vote on a proposal which would se…
CALGARY — Even if no new government climate policies are introduced before 2030, global demand for fossil fuels will still peak before the end of the decade, a new report by the International Energy Agency states.
The report released Tuesday says the …
(Reuters) – The Canada Energy Regulator (CER) approved a route change request for the Trans Mountain oil pipeline expansion on Monday, clearing a major hurdle and avoiding months of delay for the Canadian government-owned project. Trans Mountain Corp (TMC), the federal government corporation that is building the expansion, had sought a route deviation on a … Read more
CALGARY, AB, Sept. 25, 2023 /CNW/ – Today, the Commission of the Canada Energy Regulator (CER) approved Trans Mountain’s application for a route deviation in the Pípsell (Jacko Lake) area. The Commission will release its reasons for decision in the coming weeks. On August 10, 2023, Trans Mountain submitted an application to revise the route and method of construction for a … Read more
Hollywood’s silver screen would be significantly less magical without the critical contributions of oil and gas By Shawn Logan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Getty Images photo Without lights or camera, the film industry would have very little action. Whether going to the movie theatre or … Read more
By Geoffrey Cann With the World Petroleum Council’s 24th Global Congress (WPC24) now behind us, it’s time to take stock of the key themes and messages from this most important event. In case you missed it, WPC24 took place last week in Calgary, Alberta, for the second time in its history. WPC itself was established way back … Read more
Summary This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Sept 25 (Reuters) – The heads of Russian energy giants Gazprom and Rosneft, Alexei Miller and Igor Sechin, will join President Vladimir Putin’s retinue during his visit to China next month, sources familiar with the plans told … Read more
(Reuters) – Oil prices may be near $100 a barrel, but a range of factors could prevent a sustained rally above that level, analysts say. They include a projected rise in non-OPEC production, in addition to Russia’s need to boost supply to increase revenue and the potential for oil demand to slow given already-high interest … Read more
Calgary, Alberta–(Newsfile Corp. – September 25, 2023) – Resolute Resources Ltd. (TSXV: RRL) (“Resolute” or the “Company“) is pleased to announce that the rig, Stampede #14, was rig released from 5-25-83-24W5 drill pad upon completion of the drilling of the RESOLUTERESLTD HZ ANTHONY 7-24-83-24 well. The RESOLUTERESLTD HZ ANTHONY 7-24-83-24 took 17 days to drill and the final AFE will be … Read more
Shale billionaire Harold Hamm, who has backed several Republican presidential candidates for election in 2024, called for the end of back-and-forth US energy policy that raises costs from one administration to the next. The GOP donor and founder of Continental Resources Inc. gave his remarks to a small crowd of oil industry executives and political … Read more
Saudi Arabia took a key step toward advancing its nascent nuclear power program, telling international inspectors they’ll have wider access to facilities in order to account for atomic materials. The Gulf Arab power is implementing broader monitoring guidelines with the International Atomic Energy Agency and rescinding an outdated set of rules that have hindered its … Read more
Summary Global tensions grow over future of fossil fuels Some countries seek phase-out deal at COP28 Splits emerge over role of tech to capture emissions COP28 to be held in Dubai Nov. 30-Dec. 12 Sept 25 (Reuters) – With two months left until the U.N.’s COP28 summit, countries are far from bridging the gap between … Read more
Sept 25 (Reuters) – Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 71 cents, or 0.76%, to $93.98 a barrel by 0809 GMT after settling 3 … Read more
By Pallavi Rao Article/Editing: Niccolo Conte Graphics/Design: Christina Kostandi Courtesy of Visual Capitalist – See More From Visual Capitalist HERE Charted: The World’s Biggest Oil Producers in 2022 In 2022 oil prices peaked at more than $100 per barrel, hitting an eight-year high, after a full year of turmoil in the energy markets in the wake of … Read more
A C$16.5 billion (US$12.27 billion) carbon capture and storage (CCS) project proposed by Canada’s major oil producers will only move forward if the federal government sets up a contract to lock in future carbon prices, the Pathways Alliance said on Wednesday. Pathways, a consortium of the six biggest oil sands companies, plans to build a … Read more
Young Canadians for Resources (YCR) is a youth advocacy initiative created by students and young professionals, for students and young professionals that encourages young Canadians to have a balanced and informed conversation about our natural resources and the environment. Since our organization first started a few years ago (originally under the name of Students For … Read more
In the energy sector—where oil and gas are key players but by no means the only ones—efficiency and optimization are not just industry buzzwords; they are crucial for long-term success. Variable Frequency Drives (VFDs) offer a path to these goals, especially in an industry marked by its intricate machinery and high energy consumption. Below, we … Read more
Kent has had a fantastic first half of 2023, bringing over $900 million in new contracts to the business. Kent provides engineering and project management solutions to various clients across key global energy markets covering oil and gas, carbon capture, utilisation and storage (CCUS), decarbonisation, offshore wind and hydrogen (H2) technologies. Chief Business Development Officer … Read more
From 2009 to 2018, major producers planted more than 25 million trees. And tree planting initiatives are ongoing. By Cody Ciona Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy of Suncor Energy Ensuring forests continue to thrive is a major focus during National Forest Week, Sept. 17-21. … Read more
Kingsway Instruments is a proud distributor of Dwyer Instruments full line of Test Equipment and Instrumentation for Pressure, Temperature, Level, Flow, and more! Since the company was founded in 1931, customers have come to recognize Dwyer Instruments to stand for quality, reliability, and readily available competitively priced products. As a leading manufacturer in the controls … Read more
Diversity continues to fuel Canada’s oil and gas sector with more women, visible minorities, immigrants and Indigenous workers in key roles By Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Woodfibre LNG Introduction While it is well known that the oil and gas sector is … Read more
At Muddy Boots, we believe that having one piece of software that handles many facets of the operation is very cost-effective. With an integrated platform for operations software, you have: One system instead of many, saving you money All your data in one place, increasing data accuracy and saving you time All staff using the … Read more
Your oil and gas company strives for financial clarity using overlapping manual and digital processes. This can require a considerable amount of time to manage the data. Poor data management directly affects your time management and operational costs. In fact, it’s commonly reported by financial teams that many high-level staff are having to spend at … Read more
In preparation for a “net zero by 2050” debate that my opponent failed to show up for, I created refutations of every myth in support of net-zero that I’ve every encountered. By Alex Epstein For the last several months I have been eagerly anticipating a scheduled debate I had at the University of Syracuse on “net … Read more
Alberta Carbon Trunk Line has already removed the equivalent emissions of more than 890,000 vehicles By Will Gibson Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The owner of the world’s largest CO2 pipeline is building a key new artery running through the heartland of heavy industry in … Read more
BANFF, Alta. — Alberta Premier Danielle Smith told a business conference on Friday that despite her concerns with the federal Liberal government, there are some cabinet ministers she can work with.
Smith has been at odds with federal Environment Minis…
Sept 22 – U.S. energy firms this week cut the number of oil and natural gas rigs operating for first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by 11 to 630 in … Read more
CALGARY — The group behind a proposed carbon capture and storage (CCS) network for Alberta’s oilsands is watching the Trans Mountain pipeline expansion’s latest regulatory hurdles with dismay.
The Pathways Alliance, a consortium of Canada’s biggest oi…
Oil ministers and fossil-fuel company executives descended on Canada’s energy capital this week for the World Petroleum Congress. And even as oil prices threatened to break the $100-per-barrel mark, it was the global transition to cleaner energy that was the focus of proceedings. Here are some of the main takeaways from the event in Calgary. Saudi … Read more
Summary Benchmarks close down for first time in four weeks US Fed officials flag further hikes US oil rig count falls to lowest since February 2022 Transneft suspends diesel deliveries to key terminals HOUSTON, Sept 22 (Reuters) – Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed … Read more
NEW ORLEANS (AP) — A federal judge has ordered the Interior Department to expand next week’s scheduled sale of of Gulf of Mexico oil and gas leases by millions of acres, rejecting a scaled-back plan announced last month by the Biden administration as …
LONDON, Sept 22 (Reuters) – Oil prices rose on Friday as renewed global supply concerns from Russia’s fuel export ban counteracted demand fears driven by macroeconomic headwinds and high interest rates. Brent futures were up 52 cents, or 0.56%, at $93.82 a barrel by 0933 GMT, while U.S. West Texas Intermediate crude (WTI) futures rose … Read more
Each week, XI Technologies (“XI”) 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. As we slowly approach the end of the year, we took the opportunity to review the progress on reducing liabilities within the Western Canadian Sedimentary … Read more
Pipestone’s extensive 18-month strategic review process considered all alternatives available to Pipestone, including those previously put forward by GMT and companies in which it has an interest, and determined that the combination with Strathcona is in the best interests of Pipestone and the Pipestone Shareholders Today’s Tom Claugus claims, intended to derail this value-unlocking transaction, … Read more
Sept 20, 2023 Southport, UK Cooperheat Equipment Limited is pleased to announce a landmark acquisition that positions us as a key player in the field heat treatment equipment industry. On September 7th, 2023, Cooperheat Equipment Limited successfully completed the acquisition of the Cooperheat manufacturing and equipment division from Stork Technical Services UK Limited. This strategic … Read more
China’s natural gas demand this year is expected to grow by 8% from 2022 to 396.4 billion cubic metres (bcm), an analyst from state-owned oil major CNOOC’s research division said at a conference on Thursday. Imports of liquefied natural gas (LNG) are expected to reach 70.79 million metric tons this year, up 10.9% from last year, … Read more
(Reuters) – British Columbia has fined Coastal GasLink, the natural gas pipeline being built by TC Energy, C$346,000 ($256,810) for non-compliance with environmental regulations, the Canadian province said on Thursday. British Columbia’s Environmental Assessment Office fined Coastal GasLink C$340,000 for deficient erosion and sediment control measures, and a C$6,000 penalty for providing “false and misleading” … Read more
24WPC welcomed over 10,000 visitors, over 5,000 delegates and registrants from 111 countries CALGARY, Alberta, Sept. 21, 2023 (GLOBE NEWSWIRE) — The 24th World Petroleum Congress (WPC) has come to a close after five days of engaging conversations centered on the theme “Energy Transition: The Path to Net Zero”. The Organising Committee for Canada (“OCAN”) is … Read more
Peace River assets drive corporate production growth to 50,000 boe/d in 2026, while maintaining 25 percent flat annual corporate decline rate Peace River area production growth to 24,000 boe/d in 2026 from current rate of 6,600 boe/d, resulting in a nine percent increase in our total liquids weighting to 76 percent Plan generates $291 million of … Read more
September 21, 20231:21 PM Globe Newswire September 21, 2023 14:52 ET| Source: GMT Capital Corp. ATLANTA, Sept. 21, 2023 (GLOBE NEWSWIRE) — After discussions with shareholders and potential suitors for Pipestone I am providing you with my final update before the shareholder vote on the Strathcona Pipestone merger. We remind you that although the shareholder meeting is on Wednesday, September … Read more
Calgary, Alberta–(Newsfile Corp. – September 21, 2023) – Gear Energy Ltd. (“Gear” or the “Company”) (TSX: GXE) (OTCQX: GENGF) is pleased to announce that the new August 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 & CFO … Read more
Summary Strikes end at Gorgon, Wheatstone LNG operations Unions, Chevron accept proposals from industrial umpire Unions pushed Chevron to match Woodside pay deal SYDNEY, Sept 22 (Reuters) – An Australian union alliance on Friday called off strikes at Chevron’s two major local liquefied natural gas (LNG) projects, agreeing to resolve disputes that had threatened to disrupt … Read more
Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next year.The nearly completed expansion of the Trans Mountain pipeline promises to vault Canada into a new role in global markets by transporting an additional 600,000 barrels a day — on par with the daily output of Azerbaijan — from … Read more
Calgary, Alberta – September, 2023 – Calscan Solutions proudly announces a groundbreaking achievement in the fight against climate change by reducing methane emissions through the complete electrification of legacy oil and gas wellsites. Over the past 12 years, our Solar Ready Technologies for Oil and Gas wellsites have tirelessly worked to mitigate environmental impact, resulting … Read more
Summary AustralianSuper raises stake in Origin to 14% Brookfield-led deal needs support from 75% of shares voted AustralianSuper joins others calling Origin undervalued Sept 21 (Reuters) – The top shareholder of Australian takeover target Origin Energy increased its stake on Thursday, calling the shares undervalued, in a move that may complicate a A$15.35 billion ($9.84 … Read more
STOCKHOLM, Sept 20 (Reuters) – The Swedish investigation into the sabotage last year of the Nord Stream pipelines is at a sensitive stage and the prosecutor hopes to decide whether to bring any charges before the end of this year, he told Reuters on Wednesday. In September 2022, several unexplained underwater explosions ruptured the Nord … Read more
CALGARY, Alberta, Sept 20 (Reuters) – Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits – a dynamic that could spell tight supply and high prices as clean energy alternatives seek to fill the void. Crude oil prices have surged above … Read more
(Reuters) – Oil prices fell on Thursday, after posting the largest decline in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles. Brent futures for November delivery were down 97 cents, or 1.04%, to $92.56 a barrel by 0809 GMT. U.S. West Texas … Read more
To ensure their votes are counted at the Special Meeting of Shareholders, Shareholders must submit their proxies by 10:00 am (Calgary Time) this Monday, September 25, 2023. Shareholders are encouraged to vote FOR the Arrangement with Strathcona. Combining with Strathcona is superior to the status quo, providing Pipestone Shareholders with the ability to participate in the upside … Read more
CALGARY, Alberta, Sept. 20, 2023 (GLOBE NEWSWIRE) — WPC Energy, formerly World Petroleum Council, announced this week the official MOU signed by HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy Saudi Arabia and WPC Energy President Pedro Miras. The MOU signing officially passes organizing privileges of the World Petroleum Congress to Saudi Arabia … Read more
Peace River assets drive corporate production growth to 50,000 boe/d in 2026, while maintaining 25 percent flat annual corporate decline rate Peace River area production growth to 24,000 boe/d in 2026 from current rate of 6,600 boe/d, resulting in a nine percent increase in our total liquids weighting to 76 percent Plan generates $291 million of … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 35 energy, energy service and pipeline & infrastructure companies with regular quarterly updates. We also hold quarterly webinars and provide Action … Read more
The House of Commons overwhelmingly passed a bill to make food cheaper and help farmers. In fact, the House passed the bill twice. But after two years, the bill still isn’t law and that delay has cost families and farmers almost $100 million. What’s stalling the democratic will of our elected representatives? The Senate. The bill … Read more
The head of Canadian operations for oil producer Equinor said on Tuesday he is more optimistic the Norwegian company will proceed with its Bay du Nord offshore project, four months after delaying the project for up to three years due to soaring costs. “That’s our sentiment now, we really want to make this happen,” Tore Løseth, … Read more
CALGARY — A growing number of forecasts are calling for the return of US$100 oil before the end of the year — a prospect that could put even more pressure on consumers and make it harder for central bankers to rein in inflation.
North American benchma…
The latest round of talks between Chevron and unions at its two liquefied natural gas (LNG) facilities in Western Australia ended on Wednesday without a deal, a Chevron spokesperson said, leaving the fate of strikes at the major export facilities in the hands of a workplace tribunal set to meet on Friday. Chevron Australia said despite “meaningful … Read more
Calgary, Alberta–(Newsfile Corp. – September 20, 2023) – Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF) (“Saturn” or the “Company“) today announces an operations update highlighted by well performance that has exceeded expectations from the Company’s recent Spearfish drilling at the Oxbow area, along with providing updated guidance for the balance of … Read more
Pipestone encourages all shareholders to vote FOR the Arrangement today to ensure their votes are counted; the proxy voting deadline is 10:00 a.m. (Calgary time) on Monday, September 25, 2023 Have questions or need help voting? Call Kingsdale Advisors on 1-888-659-1824 (toll free in North America), email [email protected], or visit www.pipestonestrathcona.com CALGARY, Alberta, Sept. 20, 2023 (GLOBE NEWSWIRE) … Read more
LONDON, Sept 20 (Reuters) – Oil prices fell by more than $1 on Wednesday ahead of the U.S. Federal Reserve’s interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Investors are awaiting the Fed’s interest rate decision at 1800 GMT … Read more
LITTLETON, Colorado, Sept 20 (Reuters) – Despite the heat waves, wildfires and floods that have amplified calls to accelerate the global energy transition away from fossil fuels, investors withdrew record funds from the world’s largest clean energy investment vehicles so far this year. Investors withdrew a net $765 million through August from the world’s largest … Read more
Goldman Sachs Group Inc. rejoined the $100-a-barrel oil club, raising its forecast for crude back to triple digits as worldwide demand hits unprecedented levels and OPEC+ supply curbs continue to tighten the market. With prices advancing by more than 30% since mid-June to breach $95 a barrel on Tuesday, the Wall Street bank nudged up … Read more
Saudi Arabia’s oil minister denied the kingdom’s recent production cuts have been intended to boost prices, in remarks at the World Petroleum Congress in Calgary on Sept. 18. “It’s not about . . . jacking up prices, it’s about making the decisions that are right when we have the data,” he said. Energy Minister Prince Abdulaziz bin Salman cited … Read more
Some of our customers have!* This quick ROI was possible just from the fuel saved after installing our equipment on their diesel equipment! Combining the future fuel savings, reduced maintenance, and other cost-saving benefits, our equipment pays dividends well after installation. Our customers consider HydrogenPlus the best investment they’ve ever made! Don’t believe us? Here’s … Read more
Hire world-class AI experts from Harvard, Stanford and MIT Not sure how to implement the right AI strategy for your product? Hire AE Studio’s world class team of software builders to craft and implement the optimal AI solution for your business. Our development, data science and design studio work closely with founders and executives to … Read more
Serikandi Kent Energy Solutions Sdn Bhd achieves another milestone with EPC Contract for TotalEnergies EP (Brunei) B.V. (TEPB)’s Maharaja Lela Jamalululalam (MLJ) Compression Project in Brunei The project aims to extend the field life by installing a new electrical compressor and associated facilities at the onshore processing plant (OPP). With a long-term commitment to sustainability … Read more
‘Continuing to do CCUS right ensures Canadians will continue to thrive with our economy and climate’ By Will Gibson Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Enhance Energy In the middle of rolling central Alberta farmland just a few minutes’ drive northeast of Red Deer, a … Read more
Sept 20 (Reuters) – Growing oil demand and extended supply cuts have pushed the market into a deficit and will allow OPEC to sustain Brent crude prices in a range between $80 and $105 per barrel next year, Goldman Sachs said in a note on Wednesday. The Wall Street investment bank also raised its year-ahead … Read more
A diplomatic fight between Canada and India over the murder of a Sikh leader threatens to put a freeze on growing economic ties between the two countries, which are far wider than the flow of goods being shipped across the Pacific. India is a relatively small buyer of Canadian commodities, but it’s a huge factor in the education sector … Read more
Enbridge Inc could add 200,000 barrels per day (bpd) of capacity to its 3 million bpd Mainline system, which ships the bulk of Canada’s crude exports to the United States, a company executive said on Tuesday. However, Enbridge would only look at proceeding with the expansion once the Canadian government-owned Trans Mountain expansion (TMX) project … Read more
HOUSTON, Sept. 19, 2023 /CNW/ – Juniper Capital Advisors, L.P. (“Juniper“) announces that on September 18, 2023, Rocky Creek Resources, LLC (“RCR“) and JSTX Holdings, LLC (“JSTX“) and Juniper Capital III GP, LP (“Juniper GP III“), each an entity controlled (directly or indirectly) by Juniper, collectively entered into an agreement to dispose of 51,161,332 common shares of Baytex Energy … Read more
REGINA, SK / ACCESSWIRE / September 19, 2023 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK)(TSXV.ROK.WT)(OTCQB:ROKRF) is pleased to provide an operations update for phase one of its Southeast Saskatchewan drilling program, consisting of 5 gross (4.9 net) operated wells. The Company will initiate the second phase of its drilling program in early October, which will … Read more
With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to LSEG data. Malaysian crude … Read more
(Reuters) – Canada’s Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of crude from Alberta to Canada’s Pacific Coast beginning early next year, will shake up North America’s supply by diverting barrels now mainly delivered to refiners and exporters in the U.S. Midwest and Gulf Coast. Its startup could add as … Read more
Summary Companies Pressure growing on shipping sector to decarbonise faster Nuclear fuel options being seen as cleanest solution Any nuclear solutions seen at least 10 years away LONDON, Sept 19 (Reuters) – The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, … Read more
(Reuters) – Oil prices rose on Tuesday for a fourth consecutive session as weak U.S. shale output spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. Global oil benchmark Brent crude futures were up 50 cents, or 0.53%, to $94.93 a barrel by 1116 GMT. U.S. West … Read more
The heads of Saudi Aramco and Exxon Mobil Corp. took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil continues to play a major role for decades to come. Both chief executive officers touted capturing and storing carbon … Read more
Oil probably is headed for the $100 mark soon amid tightening supplies, said Chevron Corp. Chief Executive Officer Mike Wirth. Robust global growth mean the underlying economy can withstand such a price spike, Wirth said during a Bloomberg Television interview on Monday. “We’re certainly moving in that direction,” the leader of the second-largest US oil … Read more
(Bloomberg) Chevron Corp. Chief Executive Officer Mike Wirth had some strong words pushing back against California’s landmark lawsuit accusing Big Oil of deceiving the public about climate change. The case, Wirth says, will only benefit lawyers and politicians and do nothing to fix the environment.“This is one of many such actions that we’ve seen over … Read more
(Bloomberg) Government policy isn’t enough to reduce emissions and accelerate the world’s transition to cleaner energy sources and a market for carbon-emission reductions is needed, Exxon Mobil Corp. Chief Executive Officer Darren Woods said. Clear government policies around the world focusing on reducing emissions are crucial, and the landmark Inflation Reduction Act in the US … Read more
Bloomberg Government policy isn’t enough to reduce emissions and accelerate the world’s transition to cleaner energy sources and a market for carbon-emission reductions is needed, Exxon Mobil Corp. Chief Executive Officer Darren Woods said. Clear government policies around the world focusing on reducing emissions are crucial, and the landmark Inflation Reduction Act in the US … Read more
(Bloomberg) Saudi Aramco Chief Executive Officer Amin Nasser said forecasts that oil usage will peak soon have been proven to be unrealistic.“This notion is also wilting under scrutiny because it’s mostly being driven by policies rather than the proven combination of markets, competitive economics and technology,” Nasser said at the World Petroleum Congress in Calgary.Oil … Read more
WASHINGTON — Shutting down Line 5 would cause Canada “grave harm” and violate its treaty rights, government lawyers argued Monday as the federal government rejoined the legal fray over the controversial cross-border oil and gas pipeline.
An amicus bri…
OTTAWA, ON: The Canadian Taxpayers Federation is demanding immediate passage of legislation in the Senate to expand carbon tax exemptions for agriculture after today’s Parliamentary Budget Officer analysis shows it would save farmers almost $1 billion through 2030. “Making it more affordable for farmers to produce food will make it more affordable for families to buy food,” said … Read more
SURREY, B.C. — British Columbia natural gas users can expect to see their monthly bills decrease starting in October.
FortisBC says in a statement that it has been given approval by the B.C. Utilities Commission to drop its gas rates for customers by…
Saudi Arabia Energy Minister Prince Abdulaziz bin Salman said OPEC is working to keep oil markets stable and improve global energy security, without targeting any specific price level for crude.“Proactive, preemptive and precaution — these three words will address how we are attending to the situation knowing there are uncertainties coming from multiple directions,” Prince … Read more
By Geoffrey Cann Markets are starting to show interest in commodity products that are produced more responsibly, notably natural gas. The key is to be able to prove it, and that requires some changes. Where’s My Stuff? In 2016, I moved from Brisbane, Australia, to Calgary Alberta, and as is the case with international moves, … Read more
Sept 15 – U.S. energy firms this week added the most oil and natural gas rigs in a week since November, rising for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose … Read more
Brazil is calling on wealthy nations to pay for the world’s transition to sustainable energy as these countries need bolder commitments to make up for their reliance on polluting power sources. Developing countries “cannot finance an energy transition in the mold of Europe and the US,” and need assistance from the developed world, Brazil’s Mines … Read more
CALGARY, Alberta, Sept 18 (Reuters) – Canadian regulators on Monday kicked off a two-day hearing to weigh up a controversial route change request from the Trans Mountain expansion (TMX) project that has sparked Indigenous opposition and may lead to further delays for the key oil pipeline. After years of environmental opposition, regulatory hold-ups and ballooning … Read more
SINGAPORE, Sept 18 (Reuters) – Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and by optimism about a recovery in demand in China. Brent crude futures rose 71 cents, or 0.8%, to $94.64 a … Read more
Automatic recirculation valves offer efficiency for critical pump protection in power or oil and gas applications. In the power production or oil and gas industries, centrifugal pumps for fire protection or condensate systems and other large pumps are critical to operations; however, when unprotected, these units are at greater risk. Operation of these pumps below … Read more
The energy industry needs to rethink the term “waste”. In the case of oil based drill cuttings, it’s not waste, it’s an energy rich recyclable. Recover Inc. (“Recover”) is a waste-to-energy technology company that recycles oil based drill cuttings in Alberta and our technology can recover the base oil for reuse as a drilling fluid. … Read more
Combining with Strathcona is superior to the status quo as it will give Pipestone shareholders the ability to participate in the upside of a much larger, more diversified producer that will benefit from scale, longer-life and better-positioned reserves, improved access to capital and a potential positive re-rating by markets Pipestone’s extensive strategic review process considered all alternatives available to … Read more
Having issues with ice build up in winter? Is it causing safety issues? Wish you had a low cost – easy install solution? Now you do! Check out how Halo has tackled this problem for numerous clients. The PROBLEM Compressor buildings that are sitting above ground on piles experience significant heat loss through the metal floor due to … Read more
CALGARY, Alberta, Sept. 15, 2023 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) is pleased to announce the successful commercial operation of Unit 6 – marking a major milestone in Bruce Power’s Major Component Replacement (MCR) program. This week, the nuclear power unit fully returned to … Read more
Pipelines are the beating heart of energy around the world, delivering oil and its derivatives swiftly to refineries and empowering businesses and industries. Canada and the U.S. are home to more than 90,000 miles of crude oil pipelines, along with more than 140 refineries that can process around 20 million barrels of oil every day. This … Read more
Sept 16 (Reuters) – The state of California has sued major oil companies including Exxon Mobil Corp (XOM.N), Shell PLC (SHEL.L), and Chevron Corp (CVX.N), accusing them of playing down the risks posed by fossil fuels, the New York Times reported on Friday. The lawsuit, which also targets BP (BP.L) and ConocoPhillips (COP.N), alleges the energy giants’ actions have caused … Read more
Chancellor Olaf Scholz is struggling to pull off his plan to harness the transition to green energy and unleash a decade of economic dynamism in Germany. As his government approaches the half-way mark in its four-year term, the vision of a radical push to eliminate carbon emissions — that would turbo-charging growth too — looks … Read more
At this year’s World Petroleum Congress in Calgary about 500 speakers, including Exxon Mobil Corp. Chief Executive Officer Darren Woods and Saudi Energy Minister Abdulaziz bin Salman Al Saud, will tackle topics including decarbonizing hydrogen production and indigenous participation in net zero efforts — fitting for a gathering titled “Energy Transition: The Path to Net … Read more
Highlights ‘the importance of oil and gas in the world’s energy mix for years to come’ By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Photo courtesy Toronto Stock Exchange For the second year in a row, oil and gas companies are the best performers on the … Read more
U.S. crude oil prices have surged and the futures strip has moved into a sharp backwardation as inventories have drained away from the NYMEX delivery point at Cushing in Oklahoma. Futures prices for crude delivered in October climbed to $90 per barrel on Sept. 14, up from $68 on June 27, as traders anticipated increasing … Read more
CALGARY — The president of British oil giant Shell’s Canadian subsidiary says the pace of the global energy transition isn’t up to oil and gas companies.
Shell Canada president Susannah Pierce says while oil and gas companies must do what they can to …
CALGARY, Alberta, Sept. 15, 2023 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces that it has entered into a definitive amalgamation agreement (the “Amalgamation Agreement”) with Element Technical Services Inc. (“Element”) under which Element, through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of … Read more
Trans Mountain Corp, the oil pipeline company owned by the Canadian government, asked a regulator on Thursday to approve the proposed tolls it wants to charge shippers, who have said they are too high. In a filing to the Canada Energy Regulator (CER), Trans Mountain also said the interim toll proposal would result in the … Read more
HOUSTON–(BUSINESS WIRE)–Murphy Oil Corporation (NYSE: MUR) today announced that its subsidiary closed the previously announced divestment of certain non-core operated Kaybob Duvernay assets and all of its non-operated Placid Montney assets. The transaction was announced on August 3, 2023, and has an effective date of March 1, 2023. After closing adjustments, Murphy received cash proceeds of … Read more
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Calgary, Alberta–(Newsfile Corp. – September 15, 2023) – Blacksteel Energy Inc. (“Blacksteel” or the “Corporation“) is providing this bi-weekly update on the status of the management cease trade order granted September 1, 2023 (the “MCTO“) by its principal regulator, the Alberta Securities Commission, under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Corporation’s announcement on … Read more
Download your complimentary pass to the 24th World Petroleum Congress With just a few days to go until the 24th World Petroleum Congress, Calgary opens its doors to 15,000+ international attendees over 4 event days, there’s still time to register as a visitor. Taking place from 17-21 September in Calgary at the BMO Centre, don’t … Read more
By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Key drivers of oil consumption Oil consumption per capita is primarily driven by a country’s level of industrialization, transportation infrastructure, economic development, and energy policies. Developed nations with extensive transportation networks and industrial sectors tend to have higher consumption rates. And factors … Read more
By Chris Dickert Graphics/Design: Sam Parker Courtesy of Visual Capitalist – See More From Visual Capitalist HERE What Powered the World in 2022? In 2022, 29,165.2 terawatt hours (TWh) of electricity was generated around the world, an increase of 2.3% from the previous year. In this visualization, we look at data from the latest Statistical Review of … Read more
OPEC’s top official warned against abandoning fossil fuels, hitting back once again at remarks from the world’s energy watchdog. Cutting out hydrocarbons “would lead to energy chaos on a potentially unprecedented scale, with dire consequences for economies and billions of people across the world,” Secretary-General Haitham Al-Ghais said Thursday in a statement. On Wednesday, the … Read more
Equinor ASA and Kuwait Foreign Petroleum Exploration Co. plan to develop a new natural gas field in the North Sea and extend the life of the Gina Krog field, with an eye to maintaining Norway’s position as Europe’s biggest supplier of the commodity. Equinor and Kufpec aim to start producing from the Eirin natural gas … Read more
CALGARY, Alberta, Sept. 14, 2023 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce that it has closed its previously announced sale of non-core Light Oil assets at Placid, Saxon and Simonette to a private company (the “Transaction”). Transaction Overview Athabasca has sold its 70% operated working interest … Read more
(Reuters) – Chevron’s two western Australian plants continued exports of liquefied natural gas (LNG) on Friday, despite a step-up in strikes and a fault at the Wheatstone plant that cut production by a quarter, shipping data on LSEG Eikon and Kpler showed. Workers at Gorgon and Wheatstone, responsible for over 5% of global supply, on Thursday … Read more
Canada’s oil and gas industry has a significant impact on employment and GDP in other key sectors By Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Employees work with new equipment that cuts threads into the pipe ends on the new premium line at at Tenaris in … Read more
By Bruno Venditti Graphics/Design: Sabrina Lam Courtesy of Visual Capitalist – See More From Visual Capitalist HERE Which Countries Are Most Reliant on Coal? Global energy policies and discussions in recent years have been focused on the importance of decarbonizing the energy system in the transition to net zero. However, despite efforts to reduce carbon emissions, … Read more
Audio and transcript of economist Bryan Caplan’s lecture on energy and environmental policy, focusing on my book Fossil Future By Alex Epstein Economist and George Mason University Professor Bryan Caplan has been one of the most prolific promoters of my book Fossil Future—see “Read Fossil Future,” “Alex Epstein’s Steelmen,” “Let’s Audit Alex Epstein,” and “Fossil Future: The … Read more
Dale Swampy, President & CEO of the National Coalition of Chiefs, joins the Career Connections Series to discuss their mandate to defeat on-reserve poverty, the importance of letting Indigenous individuals know about existing opportunities in energy, and projects coming up in sustainable energy. Join us this September to shape your career and step closer to … Read more
(Reuters) – Oil prices rose on Friday and are set for a third weekly gain, as better-than-expected Chinese economic data and reports of record oil consumption bolstered the view that demand in the world’s second-largest crude consumer will continue to surge. Brent crude futures rose 65 cents, or 0.7%, to $94.35 as of 0630 GMT, … Read more
EDMONTON — Most Albertans would support some kind of national cap on carbon emissions from the oil and gas sector, two new polls suggest.
The polls, conducted by different polling firms at the same time with the same questions, come after Alberta Pre…
By Ross McKitrick, Professor of Economics, University of Guelph As part of the 2030 emission reduction plan, the federal government is planning to decarbonize the building sector by enhancing the energy efficiency of new and existing buildings. In the Building Energy Efficiency (BEE) components of the 2030 Emissions Reduction Plan (ERP), the government has proposed new … Read more
Phaseout of EV subsidy in Germany causes demand to drop Volkswagen AG is cutting temporary workers at its main electric-vehicle factory in Germany after the phaseout of a subsidy in the country caused demand for its EVs to drop. The manufacturer is letting go 269 people at the Zwickau plant when their 12-month contracts expire in the … Read more
They say RBC is not a ‘worthy source of financing’ for Canadian film because of its ongoing support for Canadian oil and gas. They are wrong By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter (L-R): Hollywood actors Mark Ruffalo, Rachel McAdams and Joaquin Phoenix are pressuring … Read more
Nanaimo City Council recently voted to ban new homes from being heated by natural gas. By next summer you will no longer have the option to heat your home with natural gas in any new development in Nanaimo, BC. This means Nanaimo homeowners won’t be able to use a reliable, affordable heating source that comes from … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 36 energy, energy service and pipeline & infrastructure companies with regular quarterly updates. We also hold quarterly webinars and provide Action … Read more
By Kenneth P. Green, Senior Fellow, Fraser Institute Can we talk about drinking straws for a minute? As you may know by now, as part of its “zero plastic waste” crusade, the Trudeau government has banned several kinds of plastic eating and drinking utensils and plastic grocery bags. The rationale behind these bans is that single-use plastics harm the … Read more
Federal emissions policies will cut jobs and public revenues. But is there a better way to reduce emissions? Josiah Haynes dives in. Josiah Haynes is the Director of Content at Resource Works More News and Views From Resource Works Here Canada’s oilsands producers began the summer looking forward to increased oil sales produced with … Read more
Early Bird Tickets Available Until September 15th! Schachter Catch the Energy Conference Saturday, October 14, 2023 in Calgary Tickets are $119. After September 15th prices go up to $179. Don’t miss out! Early bird tickets are available until Friday September 15th for $119 and then prices go up to $179 per ticket. Spots are filling … Read more
The last of four men charged in a scheme to steal millions of dollars worth of crude oil in western North Dakota has been sentenced.
Darrell Woody Merrell, of Watford City, North Dakota, on Thursday pleaded guilty to felony charges of th…
TORONTO — The U.S. benchmark price of oil has topped US$90 per barrel for the first time since late last year.
The October futures contract for West Texas Intermediate (WTI) light sweet crude oil was up US$1.57 at US$90.09 in late-morning trading afte…
The Organization of the Petroleum Exporting Countries (OPEC) said on Thursday data-based forecasts do not support the International Energy Agency’s (IEA) projection that demand for fossil fuels would peak in 2030. IEA Executive Director Fatih Birol said in an op-ed in the Financial Times on Tuesday that new IEA estimates show “this age of seemingly … Read more
BP Plc’s board woke up on Wednesday facing an urgent search for a new boss, its fifth in 16 years. Outgoing Chief Executive Officer Bernard Looney shocked the industry a day earlier with his resignation after failing to fully disclose past relationships with colleagues. The storied oil and gas producer has typically molded CEOs over decades-long careers … Read more
Sigma Lithium Corp. surged 15% after saying it’s reviewing a number of strategic approaches in the latest sign of rampant dealmaking in the sector. The nascent industry has been consolidating this year, while some of the world’s biggest carmakers look to secure future supplies of the key battery ingredient. Sigma said it has received multiple … Read more
CALGARY, Alberta, Sept. 12, 2023 (GLOBE NEWSWIRE) — Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), a Canadian based energy transition company is pleased to announce that Don Streu, the Company’s President and CEO, will present a technical paper at the 24th World Petroleum Congress (“WPC”) on Tuesday, September 19, 2023. Titled, “Transitioning Kazakhstan’s Fuel … Read more
Summary Oil price near highest in 10 months Tighter market balance for rest of 2023 remains in focus U.S. crude and fuel inventories climb ECB interest rate decision in view LONDON, Sept 14 (Reuters) – Oil rebounded on Thursday as expectations of a tighter global crude supply outlook for the rest of 2023 overshadowed concerns … Read more
If you thought housing in Canada was already expensive, buried in the Trudeau government’s Emissions Reduction Plan (ERP) is a little-noticed provision that’s poised to hike the cost of building new homes even higher after 2025. On page 201 of the ERP, in the bottom of a table listing proposed building code revisions, lies an astonishing requirement: “Increase … Read more
Minister of Environment and Climate Change Steven Guilbeault speaks during media availability at the Climate Positive Energy Initiative conference in Toronto, on Thursday, Aug.10, 2023. PHOTO BY ARLYN MCADOREY /THE CANADIAN PRESS The order issued by Federal Court Justice Russel Zinn ends an action Levant filed two years ago claiming the Liberal minister was violating his constitutional … Read more
Oscar Judelson-Kelly explores how Indigenous communities can take charge of their energy needs as partners in this renewable power solution. More News and Views From Resource Works Here British Columbians won’t be surprised to hear that hydroelectric energy generates nearly all of the province’s electricity. BC Hydro operates 31 facilities that produce electricity to power nearly the … Read more
(Bloomberg) The Toronto Stock Exchange’s new list of top-performing stocks shows that one of Canada’s dominant industries — oil — is becoming even more so.Two-thirds of the companies in the TSX30 unveiled Tuesday, highlighting the 30 best stocks over the last three years, are in oil and gas, including seven of the top 10. The No. … Read more
CALGARY, Alberta, Sept. 13, 2023 (GLOBE NEWSWIRE) — Lycos Energy Inc. (“Lycos” or the “Company“) (TSXV: LCX) is pleased to announce that it has entered into a definitive agreement (the “Acquisition Agreement“) today to acquire Durham Creek Exploration Ltd. (“DCEL“), a privately-held, arm’s length, heavy oil producer, by way of a plan of arrangement for total consideration, prior … Read more
CALGARY — Enbridge Inc. has announced a pair of senior executive changes.
The company says it has hired Reggie Hedgebeth as executive vice-president, external affairs, and chief legal officer, and promoted Laura Sayavedra to senior vice-president, pro…
The US expects the global oil market to tighten by the end of 2023, even as crude production rises and demand for refined products remains soft. Crude consumption is set to outstrip supplies worldwide by 230,000 barrels a day in the fourth quarter, the US Energy Information Administration said Tuesday in a monthly report. The US … Read more
(Bloomberg) It will take about 20 years for Canada and its most populous province to break even on the billions of dollars in public money promised to lure Stellantis NV and Volkswagen AG to the country, a spending watchdog concluded. Canada and Ontario have pledged a total of C$28.2 billion ($20.8 billion) to the two … Read more
LONDON, Sept 13 (Reuters) – Oil output cuts which Saudi Arabia and Russia have extended to the end of 2023 will mean a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday, as it largely stuck by its estimates for demand growth this year and next. OPEC and its … Read more
LONDON, Sept 12 (Reuters) – BP (BP.L) CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in the oil major’s top job for failing to fully disclose details of past personal relationships with colleagues, the company said. Chief Financial Officer Murray Auchincloss will act as CEO on an interim basis, … Read more
(Reuters) – Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight for the rest of the year. Saudi Arabia and Russia’s extension of 1.3 million barrels per day (bpd) of crude oil production cuts to the end of this year will lock in a substantial market deficit through the fourth … Read more
CALGARY, Alberta, Sept. 12, 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, is pleased to announce that its farm-in partner, North American Helium Inc. (“NAH”), has served the Company notice of its intention to drill a joint well on the … Read more
CALGARY — The Crown corporation behind the Trans Mountain pipeline expansion says it may not complete the project before December 2024 if a regulator does not approve its request for a route deviation.
Trans Mountain Corp. says the new time frame is a…
In this Career Connections Series video, Katie Smith-Parent, Executive Director of Young Women in Energy (YWE), delves into her professional journey, motivations, and the significance of having more female representation within the energy sector. Join us this September to shape your career and step closer to your dream job! Register now: www.energyworkscareer.com/register Want to see more content … Read more
CALGARY, Alberta, Sept. 12, 2023 (GLOBE NEWSWIRE) — The energy in Calgary is palpable as the 24th World Petroleum Congress (WPC) is set to commence on September 17, 2023. The Organising Committee for Canada (“OCAN”) is putting the finishing touches on the Congress as global interest in this significant energy event continues to build. The triennial … Read more
As the world seeks opportunities to reduce their carbon output and meet emission reduction goals, Alberta’s Industrial Heartland (AIH) provides a solution to meet their needs. All across the Industrial Heartland, companies are innovating and creating solutions to diversify energy production and safeguard the environment. Ground-breaking Geology Paired with Cost-advantaged Hydrogen Access to world leading … Read more
CALGARY, AB, Sept. 12, 2023 /CNW/ – Bonterra Energy Corp. (TSX: BNE) (“Bonterra” or the “Company”) is pleased to announce a corporate branding transformation, including a new visual identity that aligns with our vision for the future, along with a refreshed website and corporate presentation, unveiled in concert with our participation at the Peters & Co. Limited 27th Annual Energy … Read more
CALGARY, AB, Sept. 12, 2023 /PRNewswire/ – Today, Greg Ebel, President & Chief Executive Officer of Enbridge Inc. (TSX: ENB) (NYSE: ENB) announced the following executive leadership changes. Mr. Reggie Hedgebeth has been appointed Executive Vice President, External Affairs & Chief Legal Officer and Ms. Laura Buss Sayavedra has been appointed Senior Vice President, Projects & Chief … Read more
Global oil markets face a supply shortfall of more than 3 million barrels a day next quarter — potentially the biggest deficit in more than a decade — as Saudi Arabia extends its production cuts. The latest data published by OPEC show why the kingdom’s supply squeeze, amid a period of record demand, has sent oil … Read more
Summary Brent stays above $90/bbl level reached last week POLL-U.S. crude inventories likely fell last week API data on U.S. crude stocks due at 2030 GMT LONDON, Sept 12 (Reuters) – Oil prices rose about 1% on Tuesday, boosted by a tighter supply outlook, while investors awaited macroeconomic data that could indicate whether interest rates … Read more
The Trans Mountain oil pipeline expansion could be delayed by up to nine months if regulators do not approve a route deviation request, the Canadian government corporation building the project said in a regulatory filing on Monday.The C$30.9 billion pipeline, which will ship an extra 590,000 barrels per day of oil sands crude to Canada’s … Read more
CALGARY, Alberta, Sept. 12, 2023 (GLOBE NEWSWIRE) — Prospera Energy Inc. (“Prospera” or the “Company”) (TSX.V: PEI, OTC: GXRFF, FRA: OF6B, OF6B.SG, OF6B.F, OF6B.BE). Prospera has completed the drilling of four horizontal wells of the ten well multi-pad infill drill program. These wells encountered structure and pay as expected with excellent oil show throughout the … Read more
CALGARY — Crescent Point Energy Corp. says it plans to spend $1.05 billion to $1.15 billion on development capital expenditures next year.
Based on the plan, the company says it expects annual average production of 145,000 to 151,000 barrels of oil eq…
By Geoffrey Cann Canada’s largest private oil company, and operator of the largest oil refinery, is carrying out a strategic review, which includes the possible sale of the company. Why would they do this? I grew up in Saint John, and had the privilege to work at this company for a few years. My extended family … Read more
CALGARY — Both traditional oil and gas stocks as well as Canada’s mining and metals sector have benefited from a recent surge of investor interest in energy, new data from the Toronto Stock Exchange shows.
The 2023 TSX 30 list, released by the exchang…
How to Leverage Your Business Data for Managing Vendors in an Ever-Changing World Do you have a clear line of sight on the impact that vendors have on your organization? Join us for a free webinar on how to leverage critical information held in your financial system to better navigate through the vast, evolving array … Read more
By Canada Action Will Canadian-made liquefied natural gas (LNG) help reduce global emissions? The following studies show that our world-class, low-emission LNG exports could have a massive positive impact via coal-to-gas switching in Asia. Study #1 – Canadian Chamber of Commerce – March 2023 Canada and Global Energy Security: The Role of Natural Gas in … Read more
By Cody Ciona Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Alberta’s first lithium production plant is now officially operating, heralding the province’s potential for the ultra-light metal that is used in electric vehicles and mobile phones. Calgary-based emerging resource company E3 Lithium launched the pilot-scale project near the town … Read more
OTTAWA — NDP MP Charlie Angus will ask the natural resources committee to summon the CEO of oilsands giant Suncor when the House of Commons resumes next week.
Angus said CEO Rich Kruger has a lot of explaining to do over his remarks to investors on a …
Using the most advanced instrumentation in your oil and gas facilities is crucial for several reasons: Safety: Safety is paramount in the oil and gas industry due to the potential for hazardous conditions, such as explosions and leaks. Modern instrumentation provides real-time monitoring and control of various parameters, such as pressure, temperature, and gas concentrations, … Read more
Join the ultimate gathering of oil, gas and energy leaders to discover paths to net zero With just 5 weeks to go until the 24th World Petroleum Congress 2023 taking place in Calgary from 17-21 September, join 15,000 visitors to discover technologies, products, and services focused on net-zero solutions. Get ready for groundbreaking insights, game-changing … Read more
CALGARY, AB, Sept. 11, 2023 /CNW/ – (TSX: RBY) – Rubellite Energy Inc. (“Rubellite” or the “Company”), a pure play Clearwater oil exploration and development company, is pleased to provide an operations update and advises that the Company will be presenting at the Peters & Co. Limited 2023 Energy Conference on Tuesday, September 12, 2023, at 3:00 PM ET (1:00 PM MT). An updated investor presentation has … Read more
CALGARY, AB, Sept. 11, 2023 /PRNewswire/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, or the “Company”) (TSX: VET) (NYSE: VET) is pleased to provide an update on our Australia and Ireland operations and European gas hedge program. We are pleased to report that we now expect Q3 2023 production to come in at the upper end of … Read more
Governments worldwide are facing increasing pressure to step up the fight against global warming as almost every corner of the planet battles wildfires, heat waves and other deadly impacts from rising temperatures. Climate change is set to be at the top of the agenda at the United Nations annual meeting in New York next week. UN Secretary General Antonio … Read more
NEW DELHI, Sept 9 (Reuters) – G20 leaders on Saturday agreed to pursue tripling renewable energy capacity globally by 2030 and accepted the need to phase-down unabated coal power, but stopped short of setting major climate goals. The world’s 20 major economies have had disagreements on commitments to reduce fossil fuel use, cut green house … Read more
LONDON, Sept 11 (Reuters Breakingviews) – Just stop oil production – and, for that matter, gas and coal supply. Then there will be hardly any greenhouse gas emissions. Mission accomplished. It’s a seductive theory. With global emissions still rising and the northern hemisphere suffering the hottest summer on record, many climate change activists want companies to stop pumping … Read more
(Reuters) – Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week. Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year. Brent crude fell by … Read more
Introduction: Choosing the right Continuous Emission Monitoring System (CEMS) is a pivotal decision for industries committed to air quality compliance and environmental responsibility. As your dedicated partner, Westech Industrial brings forth a comprehensive guide to streamline your CEMS selection process. Our expertise extends beyond our comprehensive range of CEM solutions, encompassing customized fabrication offerings, expert … Read more
In a pilot phase prior to the go-live, BP had tested the DIMATE PACS capability to exchange digital data with NDT service contractors. The DIMATE PACS passed the test with flying colors – or as Peter van Bruggen put it, Delivery Orchestration Lead I&E – Digital Production & Business Services at BP: “This innovative NDT … Read more
The Board of Vista Projects Limited (Vista) is pleased to announce the appointment of Scott Mussbacher as their new Chief Executive Officer (CEO) effective September 1, 2023. Scott Mussbacher “I’m equally humbled and honored to take on this new responsibility at Vista,” says Mussbacher. “Vista is renowned for driving value for clients across North America … Read more
The world of chuckwagon racing has witnessed a spectacular season as Chanse Vigen, a true cowboy and a driving force in the sport, claimed victory after victory in the World Professional Chuckwagon Association Season awarding him the Title of World Champion. His dedication, passion, and unyielding determination have not only brought him numerous triumphs but … Read more
Join over 4,000 of the Industry’s Leaders to Discuss the Progress and Vast Opportunities for Carbon Capture Utilization and Storage CALGARY, ALTA – (September 11, 2023) dmg events presents Carbon Capture Canada, the only national event dedicated to Carbon Capture, Utilization and Storage (CCUS.) This year’s event is co-hosted by Edmonton Global and industry co-hosts … Read more
The emissions cap would lead to at least $45 billion in lost economic activity in 2030 alone, which would also mean a substantial drop in government resource royalties and tax revenue. New emission limits are being placed on the oil and gas sector – and not any other sector in Canada. It’s a basic fact … Read more
An unusual decoupling between the Canadian dollar and the price of oil could prove to be a boon for the nation’s energy producers.The loonie and the price of oil are often closely correlated, with rising oil translating to a stronger Canadian dollar, because energy is the nation’s biggest export. But recently oil has been rising … Read more
By Govind Bhutada Courtesy of Visual Capitalist – See More From Visual Capitalist HERE Breaking Down the Key Minerals in an EV Battery Inside practically every electric vehicle (EV) is a lithium-ion battery that depends on several key minerals that help power it. Some minerals make up intricate parts within the cell to ensure the flow … Read more
‘The whole world needs LNG. This project and others like it are critical for energy security in Asia and around much of the rest of the world’ By Mario Toneguzzi and Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter The final pieces are falling into place for the … Read more
Alberta’s energy regulator has transferred control of thousands of oil and gas wells and other facilities held by a troubled Calgary company to the group that’s responsible for cleaning up poorly maintained or abandoned sites.
In an order issued Wedn…
The Management and Board of Governors of the Calgary Petroleum Club invite you to take advantage of our Trial Guest Membership. Many of us have come to expect the opportunity to try out, or test a product before making a commitment. With this in mind, we have designed a program to enable prospective Members to … Read more
Carbon Capture Canada is the only Pan-Canadian national convention showcasing Canada’s incredible and almost untapped opportunity for carbon capture and underground storage innovation, technology and destination for global investment. Position your organization to take advantage of this dynamic market by being a part of Canada’s only dedicated Carbon Capture Utilization and Storage convention. Meet … Read more
The UK’s offshore wind energy plans, and the climate goals that go with it, have been brought to a sudden halt. On Friday, an auction for contracts to build new wind farms received zero bids from developers. It’s the first time that’s happened since the current system was introduced almost a decade ago, and it raises major … Read more
When crude surges above $90 a barrel and the leaders of Saudi Arabia and Russia get on the phone to congratulate each other on a job well done, oil consumers should take note. After half a year in the doldrums, the price of the world’s most important commodity is on a tear as the biggest players in … Read more
(Reuters) – Oil prices gained almost 1% to a nine-month high on Friday on rising U.S. diesel futures and worries about tight oil supplies after Saudi Arabia and Russia extended supply cuts this week. Brent futures rose 73 cents, or 0.8%, to settle at $90.65 a barrel, while U.S. West Texas Intermediate (WTI) crude rose … Read more
CALGARY — Enbridge Inc. has closed a $4.6-billion offering of shares the company announced as part of its deal to buy three U.S. gas utilities earlier this week.
The company says it issued 102,913,500 shares under the plan that saw the underwriters ex…
Sept 8 – U.S. energy firms this week increased the number of oil rigs operating for the first time since June, while cutting the natural gas rig count, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose … Read more
BISMARCK, N.D. (AP) — Federal officials on Friday released a draft environmental review of the Dakota Access oil pipeline, but said they’re waiting for more input before deciding the future of the line’s controversial river crossing in North Dakota.
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By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Global carbon pools refer to the various reservoirs or storage areas where carbon is stored on Earth. Understanding these carbon pools is crucial for comprehending the carbon cycle, which plays a fundamental role in regulating the Earth’s climate. Atmosphere: The atmosphere contains carbon … Read more
CALGARY, AB, Sept. 8, 2023 /PRNewswire/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) today announced it has closed its previously announced public offering (the Offering) of common shares by a syndicate of underwriters led by RBC Capital Markets and Morgan Stanley, together with BMO Capital Markets, CIBC Capital Markets, National Bank Financial … Read more
Workers at Chevron Corp.-operated liquefied natural gas facilities in Australia began industrial action after talks failed to resolve a long-running dispute on pay and conditions. Strikes commenced from 1 p.m. Perth time across the Gorgon and Wheatstone plants and the Wheatstone offshore platform in Western Australia, which together supplied about 7% of the world’s LNG … Read more
(Reuters) – Oil prices hovered above $90 a barrel on Friday, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty. Both oil benchmarks hit 10-month highs this week after Riyadh and Moscow extended their voluntary supply cuts of a combined 1.3 million barrels per day (bpd) to … Read more
(Reuters) – Canadian Natural Resources Ltd, a major shipper on the Trans Mountain oil pipeline expansion (TMX), expects the project will be delayed until at least the second quarter of 2024, the company said in a letter to Canadian regulators on Thursday. Trans Mountain Corp (TMC), the Canadian government-owned corporation building the long-delayed project, has … Read more
New initiative builds on success of over $19 million raised for STARS Air Ambulance By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Most Canadians don’t have to worry about their access to an abundant supply of reliable, affordable energy. Most, but not all. According to the most … Read more
BERLIN (AP) — The German government said Friday it will keep two subsidiaries of Russian oil giant Rosneft under the control of German authorities for another six months.
The government announced a year ago that it was putting Rosneft De…
The unnecessarily large wildfires in Maui were not caused by the slow warming of climate but by “green” policies that prevented proper wildfire management. By Alex Epstein As Congress returns to session, one topic I expect to be the subject of hearings and discussion is the wildfire tragedy in Maui. It is crucial that our … Read more
Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 38 energy, energy service and pipeline & infrastructure companies with regular quarterly updates. We also hold quarterly webinars and provide Action … Read more
OLDS, Alta. — Alberta’s first lithium extraction pilot project is officially up and running.
Calgary-based junior resource company E3 Lithium celebrated the grand opening of the site near the town of Olds in central Alberta on Thursday.
The company wi…
Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The International Energy Agency (IEA) looks ready to announce that peak oil will occur before the end of the decade. Will the western world’s favorite energy-focused intergovernmental organization get it right? What happened: On Tuesday, the Financial Times published an op-ed penned by IEA Executive Director Fatih Birol. … Read more
Canadian Nuclear Laboratories Senior executives from AECL and CNL were joined by industry representatives, government officials and other special guests to cut the ribbon on innovative new collaboration space CHALK RIVER, Ontario, Sept. 07, 2023 (GLOBE NEWSWIRE) — Atomic Energy of Canada Limited (AECL), Canada’s nuclear Crown corporation, and Canadian Nuclear Laboratories (CNL), Canada’s premier … Read more
(Reuters Breakingviews) – Prince Abdulaziz bin Salman thinks he needs to sweeten his oil lollipop. The Saudi energy minister has announced that the world’s top oil exporter will extend its 1 million barrels a day production cuts for another three months until the end of this year. The move, part of a co-ordinated output reduction … Read more
CALGARY — Canadian pipeline giant Enbridge Inc. and U.S.-based food waste management company Divert Inc. have broken ground on their first joint project to be built under the terms of a US$1 billion infrastructure agreement announced earlier this year…
Calgary, Alberta–(Newsfile Corp. – September 7, 2023) – Kelt Exploration Ltd. (TSX: KEL) (“Kelt” or the “Company”) is pleased to provide an update on new gas processing capacity acquired through various firm service arrangements that are expected to provide the Company with the ability to double its current production capability over the next three years. … Read more
Prime Minister Justin Trudeau refuses to do the one thing that would immediately make life more affordable: cut gas taxes. The federal government makes you pay a fuel tax, a carbon tax, a second carbon tax and a sales tax every time you fuel up. In total, federal taxes add about 31 cents per litre to … Read more
The head of the U.S. Senate Foreign Relations Committee has asked the country’s top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine, and demanded that they commit to “cease all inv…
Summary Mixed Chinese data, possibly weaker winter demand weigh API shows crude, gasoline stock fall -market sources Coming up: EIA data on U.S. crude stocks at 11 a.m. EDT LONDON, Sept 7 (Reuters) – Oil prices eased on Thursday as an uncertain economic outlook for China outweighed expectations of tighter supplies from extended supply cuts … Read more
By Clyde Russell (Reuters) – The liquefied natural gas (LNG) industry has changed its tune from saying it is a transition fuel on the path to net-zero emissions, to believing it is an integral part of the solution and will be necessary for decades to come. This optimism over LNG’s future was very much in … Read more
HOUSTON, Sept 6 (Reuters) – SLB (SLB.N) is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday. SLB, the world’s largest oilfield service company and former Schlumberger, is betting … Read more
CALGARY — Precision Drilling Corp. has signed an agreement to acquire CWC Energy Services Corp. in a deal valued at about $141 million including shares, cash and assumed debt.
Precision CEO Kevin Neveu says the deal expands the company’s service busin…
(Reuters) – Enbridge shares (ENB.TO) tumbled nearly 7% to an over four-year low on Wednesday, as investors fretted over the Canadian pipeline operator’s debt load from the surprise $14 billion bid for three natural gas distribution companies from Dominion Energy. The move to acquire East Ohio Gas, Questar Gas, and Public Service Co of North Carolina … Read more
On Tuesday, Saudi Arabia and Russia extended voluntary cuts to end-2023, pushing oil prices above $90 a barrel. Brent crude was trading around $90.97 at 1822 GMT. The Saudi cuts were by 1 million barrels per day (bpd) while Russia has cut 300,000 bpd. These cuts were on top of the April cut agreed by … Read more
The U.S. Interior Department on Wednesday will announce the cancellation of oil and gas leases in a federal wildlife refuge that were bought by an Alaska state development agency in 2021, according to sources briefed on the matter. The Alaska Industrial Development and Export Authority (AIDEA) was issued seven leases in the Arctic National Wildlife … Read more
Canada’s average CO2 emissions per oil sands barrel has declined by over 32% since 2000 By Lennie Kaplan Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Cenovus’ Foster Creek oil sands project. Photograph courtesy Cenovus Energy Overview As news reports and interest about the Canadian oil sands continues, it … Read more
CALGARY — Enbridge Inc. has signed a US$14 billion cash-and-debt deal that represents a major vote of confidence by the Canadian company in the future of natural gas.
The Calgary-based energy infrastructure giant said Tuesday it will purchase three U….
SUGAR LAND, Texas – September 5, 2023 – Rangeland Energy (“Rangeland”) today announced that the company and its financial sponsor EnCap Flatrock Midstream have entered into a definitive agreement to sell Rangeland Midstream Canada Ltd. (“Rangeland Canada”) to Kingston Midstream Alberta Limited (“Kingston”) in an all-cash transaction. An overall transaction value has not been released. The transaction is expected to close by the … Read more
CALGARY, Alberta, Sept. 06, 2023 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) is pleased to announce it has entered into a partnership interest purchase agreement to acquire Repsol Canada Energy Partnership, which holds the Canadian upstream oil and gas business of Repsol Exploración, S.A.U., including all related midstream facilities and infrastructure located … Read more
Transaction Will Strengthen Persist’s Position as an Emerging Player in the Southern Alberta Mannville Formation– CALGARY, AB and HOUSTON, Sept. 6, 2023 /PRNewswire/ — Persist Oil and Gas, Inc. (“Persist”) and Dienerian Resources Inc. (“Dienerian”) announced today that they have entered into a definitive agreement under which Persist and Dienerian have merged in an all-stock … Read more
The architect of the Paris Agreement described the upcoming United Nations Conference of Parties (COP) summit as a “circus,” arguing that the main purpose of the climate meeting could be done from home. Christiana Figueres, a climate advocate and former executive secretary of the UN Framework Convention on Climate Change, said that the need of … Read more
A unit of South Korea’s Solus Advanced Materials Co. will revive an old plant in Canada to produce copper foils for electric vehicle batteries, with significant financial help from governments.Volta Energy Solutions announced a C$750 million ($550 million) investment in Granby, Quebec, east of Montreal. The plant is expected to have the capacity to produce … Read more
Donald Trump and his advisers are mapping out an economic agenda with harsher trade policies and deeper tax cuts if he returns to the White House, stirring anxiety within the US business community of potential retaliatory measures. Hashed out over phone calls and intimate dinners at his Bedminster, New Jersey golf club, the ex-president intends … Read more
Shell Plc is exploring a number of liquefied natural gas export projects in North America and Africa as the company expects strong demand for the fuel during the energy transition. “There needs to be continued investment,” Cederic Cremers, executive vice president of LNG at Shell, said at the Gastech conference in Singapore. The company is … Read more
(Reuters) – The G7 and allies have shelved regular reviews of the Russian oil price cap scheme, people familiar with the matter told Reuters, even though most Russian crude is trading above the limit because of a rally in global crude prices. Russian producers have found ways to sell oil using fewer Western ships and … Read more
(Reuters) – Oil prices reversed course on Wednesday after rising over 1% in the previous session, on a firmer dollar and as investors shrugged off jitters arising from supply cuts from Saudi Arabia and Russia. Brent crude futures were down by 59 cents to $89.45 a barrel at 1145 GMT. U.S. West Texas Intermediate crude … Read more
CALGARY, AB, Sept. 5, 2023 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (“Enbridge” or the “Company”) today announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Morgan Stanley, and including BMO Capital Markets, CIBC Capital Markets, National Bank Financial Markets, Scotiabank, and TD Securities (the “Underwriters”) under which … Read more
Reuters Liquefied natural gas buyers (LNG) are prioritising long-term contracts with diversity in price benchmarks, say industry executives, though some European buyers will seek flexible contracts of shorter duration as they ramp up decarbonisation. Global gas prices leapt to all-time highs last year after Russia cut supplies to Europe, exposing buyers to soaring prices in … Read more
Falling energy prices have been a disinflationary tailwind for world markets for most of the year, but rebounding crude and fading annual base effects suggest an oil slick up ahead. And for investors searching for the sharp end of fractious geopolitics, look no further. The energy price shock surrounding a pandemic reboot and Russia’s invasion … Read more
Calgary, Alberta–(Newsfile Corp. – September 6, 2023) – Resolute Resources Ltd. (TSXV: RRL) (“Resolute” or the “Company“) is pleased to announce that the rig, Stampede #14, has been mobilized to the 5-25-83-24W5 drill pad. The RESOLUTERESLTD HZ ANTHONY 7-24-83-24 is planned to Spud on September 6th, 2023. The well is expected to take 15 days to reach TD … Read more
CALGARY, Alberta, Sept. 05, 2023 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) is pleased to announce the appointment of Ms. Rachel Moore as an independent director of STEP’s board of directors, effective October 1, 2023. Ms. Moore is currently serving as the executive vice president, corporate services, at Ovintiv Inc. (TSE:OVV), a position she … Read more
CALGARY, Alberta, Sept. 06, 2023 (GLOBE NEWSWIRE) — Based upon continued strong execution in the field with respect to both costs and performance, Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS, HHRS.WT; NASDAQ: HHRS, HHRSW) is pleased to announce increased 2023 annual average production guidance of 41,500 boe/d3 from the previous estimate of 40,200 boe/d. … Read more
OTTAWA, Sept 5 (Reuters) – Canada is struggling to get a key tool in place for major carbon capture and storage (CCS) projects, said a representative of one of the largest such ventures, as the country seeks to launch incentives vital to cutting emissions from Alberta’s oil sands. A government fund has told the Pathways Alliance, … Read more
EDMONTON — New documents outline a massive increase in public funding for the Canadian Energy Centre’s campaign to change attitudes toward Alberta’s oil and gas.
An agency founded by Alberta’s United Conservative government to fight what it calls mis…
DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.
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Summary Global gas prices seen remaining volatile Europe at 90% target for gas storage – Uniper Winter temperatures key factor for European gas prices LNG market seen as volatile until 2025 – Chevron Price could deter some winter buyers in Asia – Vitol SINGAPORE, Sept 5 (Reuters) – Global gas prices are expected to remain … Read more
(Reuters) – Oil prices jumped on Tuesday as Saudi Arabia announced a fresh extension to its voluntary supply cuts, stretching its one million barrel per day reduction for another three months through December. By 1309 GMT Brent crude futures for November were up $1.05 to $90.05 a barrel, while U.S. West Texas Intermediate crude (WTI) … Read more
Doom-laden stories about China’s economy aren’t portraying an accurate picture of energy demand in the top crude importer, according to oil luminaries at a major conference in Asia. “There’s a lot that’s good about what’s going on in China,” Ben Luckock, co-head of oil trading at Trafigura Group, told hundreds of attendees at the APPEC … Read more
Airlines will need all of the world’s synthetic aviation fuel, meaning there won’t be any left for cars, the head of Europe’s biggest airline group told Germany’s automakers. Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said so-called sustainable aviation fuels offer the only workable path to decarbonizing air travel, though supplies are tight. “With … Read more
The outlook for oil prices and Chinese demand, the longevity of OPEC+ supply curbs, and rising flows of Iranian crude are among the key topics at Asia’s biggest gathering of the industry’s traders and executives, which entered its second day in Singapore. Attendees at APPEC by S&P Global Commodity Insights will also have an opportunity to reflect … Read more
By Ron Bousso and Dmitry Zhdannikov Summary In interview with Reuters, BP CEO defends strategy Says electric vehicles have won private transport battle BP to grow in markets not linked to oil prices, Looney says But BP shares have struggled under Looney LONDON, Sept 5 (Reuters) – BP CEO Bernard Looney says he will not further scale back … Read more
(Reuters) – Oil prices dipped on Tuesday as fresh data added to gloom over the state of China’s post-pandemic recovery, although expectations of an extension in supply cuts by leading OPEC+ producers limited losses. By 0933 GMT, Brent crude futures for November were down 51 cents at $88.49 a barrel, while U.S. West Texas Intermediate … Read more
By Clyde Russell SINGAPORE, Sept 5 (Reuters) – The dominating theme in crude oil markets is that there are too many competing narratives and driving factors to allow for anything approaching a clear view of the path ahead. And in what is probably an ironic outcome, prices are likely to remain locked in the same relatively … Read more
The Hydroelectric Dam Case Study Setting the Scene Nestled in the Southeast US lies a hydroelectric dam. Though its original design was tailored to produce hydropower, today, it also aids in the regulation of water flow and water temperature for other plants downstream. Like all power-producing facilities, maintaining top-tier technology for maximum efficiency is paramount. … Read more
WeldFit’s OnSITETM app provides users real-time monitoring and control of the SureLaunch® system from virtually anywhere in the world – 24 hours a day, 7 days a week. The OnSITE cellular network-based module installs easily into the system’s PLC cabinet allowing the HMI screen to be accessed from any desktop computer or iOS/Android mobile device. … Read more
Kathairos provides a simple, economical, and- most importantly- scalable solution to address methane venting in 450,000+ remote well sites across North America. By using liquid nitrogen stored in cryogenic tanks to actuate pneumatics in remote locations, Kathairos provides an easy and non-polluting alternative to using conventional fuel gas. By leveraging key partnerships with Chart Industries and … Read more
By Montrose Environmental Methane, a potent greenhouse gas, greatly contributes to climate change and global warming. As industries grapple with the need to reduce emissions, innovative technologies have emerged to identify, quantify, and mitigate methane. Let’s explore and highlight the current leading methane mitigation technologies based on effectiveness, impact, and cost of implementation. LDAR Compliance … Read more
LOW CARBON MICROGRID DESIGN AND DEPLOYMENT Our NG to Electricity Microgrid replaces up to 15 diesel fired generators per site and eliminates diesel fuel usage by up to 5,000 litres per day while seriously reducing on-site sound volumes. Consistent Minimal maintenance and downtime. Some generators only require one shut down of 18 hours per year. … Read more
The renewable energy unit of South Korea’s SK Inc. secured a site required to develop a $15 billion green hydrogen project in Canada that’s set to be one of the world’s biggest. SK ecoplant Co. received approval to use 1,078 square kilometers (670 square miles) of Canada’s state-owned property, known as Crown Land, to harness … Read more
By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE How the growth happened The growth of wind and solar energy sources across the world since 2010 has been remarkable. Both wind and solar power have seen substantial increases in capacity, driven by falling costs, technological advancements, and a growing recognition of … Read more
Alberta energy producers expected to spend $730 million this year developing hydrogen, geothermal, lithium and helium resources By Deborah Jaremko Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Workers at Air Products hydrogen production plant in Edmonton, Alberta, on Thursday August 25, 2022. THE CANADIAN PRESS/Amber Bracken Emerging energy … Read more
How does EnergyNow Support your immediate & ongoing company recruitment efforts and staff search? Consistently SHOWCASE your ongoing employment opportunities on EnergyNow Market your company’s hiring activities on the EnergyNow.ca & EnergyNow.com platforms – Website Homepage, Jobs Page, Daily Newsletter and Social Media Promote your staff recruitment efforts & openings to a large energy industry … Read more
(Reuters) – Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. Brent crude futures for November crept 5 cents higher to $88.60 a barrel by 1110 GMT. U.S. West Texas Intermediate … Read more
Oil’s having a rocky year, swung by jitters over China’s slowdown, OPEC+ supply cuts, and the fallout from the Federal Reserve’s tightening campaign. The tensions wrongfooted many traders as prices sank, then recovered. Now, what comes next is up for debate in Singapore. Producers, hedge funds, analysts and traders will all converge on the Southeast … Read more
U.S. energy firms this week cut the number of active oil and natural gas rigs for an eighth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future production, fell by one to 631 in the week … Read more
Summary Russia promises to unveil new OPEC+ supply cut deal next week U.S. unemployment rate rises, wage growth cools Euro-zone manufacturing downturn eases US oil rigs unchanged -Baker Hughes NEW YORK, Sept 1 (Reuters) – Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed … Read more
LNG is an economic and climate win-win for Canada and the world, writes Stewart Muir. Our allies are asking why it’s taking so long. Stewart Muir, CEO of Resource Works at LNG2023. More News and Views From Resource Works Here For a while this summer, Vancouver was the world epicentre of the future of liquefied … Read more
After an intensive review process of several exceptional bids, including those from Cancun (Mexico), and Rome (Italy), the decision was made in favour of Calgary. The city’s proposal stood out not only due to its thoughtful planning but also because of the enormous potential for growth in the geothermal sector that the IGA recognizes in … Read more
CALGARY — Canadians planning to hit the road for the last long weekend of summer can expect to pay more for gasoline than they did last Labour Day.
The national average gasoline price as of Friday was $1.67 cents per litre, according to fuel price tra…
September 1, 2023 Expansion of the Trans Mountain oil pipeline would be delayed by months and incur hundreds of millions of dollars of additional cost, unless a regulator approves a change in its route, the Canadian government corporation that owns the pipeline told a regulator in a filing on Thursday. Trans Mountain is asking the … Read more
CALGARY — Canada’s oil and gas sector is pointing to new government numbers that it says proves the industry can increase production and lower emissions at the same time.
The analysis by industry group Canadian Association of Petroleum Producers (CAPP…
Saudi Arabia’s crude exports fell sharply in August as the kingdom leads an effort by the OPEC+ alliance to curb production and bolster oil prices. Observed flows from the kingdom slumped to about 5.6 million barrels a day, the lowest since March 2021, data compiled by Bloomberg show. That compares with a revised 6.3 million … Read more
Jose De Hoyos is recruiting in the oil patch. He got his start meeting workers in Pennsylvania’s Marcellus shale basin. This month, you’ll find him glad-handing in Odessa, Texas.But De Hoyos isn’t in the Permian to hire engineers for gas rigs or roughnecks to join drilling crews. Instead, the founder of the cryptocurrency consulting firm … Read more
Prime Minister Justin Trudeau’s government plans to unveil its proposal to cap oil and gas emissions this fall, a policy that will test Canada’s ability to meet its climate targets without knee-capping a crucial economic sector. The draft regulations are set to be published as soon as October and will “definitely” be released before a … Read more
(Reuters) – Oil prices jumped by more than 1% on Friday and were on track to snap a two-week losing streak, bouyed by expectations of tightening supplies. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day (bpd) oil production cut into October, prolonging supply curbs engineered by the Organization of … Read more
Despite ending the 2022/23 fiscal year with a $11.6 billion budget surplus, Alberta has an ongoing fiscal problem. Current budget surpluses, fuelled by volatile resource revenue, will only last as long as resource revenues remain relatively high. Put simply, Alberta could soon be back in a budget deficit. To be clear, this challenge isn’t new. Provincial finances … Read more
CALGARY, Alberta, Aug. 31, 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
Join our team for upcoming fall turnarounds! We have immediate opportunities for pipefitters, welders, and iron workers. Work with an exciting company that offers competitive wages and a chance to be a part of building a sustainable future. To learn more and apply, reach out to us at [email protected] To learn more and apply, reach out … Read more
Orsted A/S’s potential $2.3 billion impairment on its US projects is just the latest in a string of recent setbacks for the nascent US offshore wind industry, which is struggling to fulfill ambitious goals set by President Joe Biden.Supply-chain issues, high interest rates and a so-far-unsuccessful bid for more federal tax credits threaten three planned projects off the US … Read more
Summary Brent likely to stay above $80/bbl for the rest of 2023 China recovery key to demand growth For a table of crude price forecasts, click Aug 31 (Reuters) – Analysts have raised their 2023 oil price forecasts for the first time in four months with OPEC+ output cuts expected to keep supply tight, offsetting … Read more
NEW YORK, Aug 31 (Reuters) – U.S. field production of crude oil rose 1.6% in June to 12.844 million barrels per day, the highest since February 2020, before the coronavirus pandemic destroyed demand for fuel and other oil products, the Energy Information Administration said on Thursday. Production in Texas rose 1.1% to 5.518 million bpd, … Read more
Welcome to Your 12 Month Digital Marketing Plan on EnergyNow EnergyNow uses all of its Marketing Platforms to Promote Your Company (Website, Daily Email & Social Media) Your Digital Marketing Plan on EnergyNow is Designed to: Focus on your company’s target audience Consistently get your company marketing exposure for a Whole Year on EnergyNow Effectively market your products … Read more
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ENERGYNOW FEATURE: Why Energy Policy Is Becoming a Women’s Issue Across Canada