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Oil Companies Join Corporate Lobbying Push for U.S. Carbon Tax

Big Oil

May 20, 2019, by Jennifer A. Dlouhy and Ari Natter (Bloomberg) Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their products. Oil companies BP Plc and Royal Dutch Shell Plc are giving $1 million each … Read moreOil Companies Join Corporate Lobbying Push for U.S. Carbon Tax

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Bill C-48 – Oil Tanker Moratorium Act – Contact the Senate Now! Let Them Know Why You Don’t Support the Bill – Deidra Garyk

May 20, 2019 – EnergyNow Contributor Deidra Garyk The Standing Senate Committee on Transport and Communications recommended not to proceed with Bill C-48 on Wednesday, May 15, 2019. The Bill now goes to the full Senate who will decide if they accept that recommendation. You have one more opportunity to influence how the Senate votes … Read moreBill C-48 – Oil Tanker Moratorium Act – Contact the Senate Now! Let Them Know Why You Don’t Support the Bill – Deidra Garyk

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Bell: Toronto councillor’s attack on oilpatch is alive as Toronto gives suing oil companies a hard look

United Conservative Leader Jason Kenney, pictured at a Mar. 26, 2019 campaign event in Edmonton, holds a copy of the letter he sent to Toronto Mayor John Tory over a motion to sue oil and gas companies. More from Rick Bell He got it through. We thought it was dead but he got the damn … Read moreBell: Toronto councillor’s attack on oilpatch is alive as Toronto gives suing oil companies a hard look

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Passing Bill C-48 would only exacerbate unity issues: Brad Wall

Brad Wall - Video Image Bill C-48 400x270

A Senate committee has spurned Bill C-48, which would bar tanker traffic from British Columbia’s north coast. For perspective on this and why he thinks the bill in its original form would exacerbate national unity issue, BNN Bloomberg spoke with former Saskatchewan premier Brad Wall. https://www.bnnbloomberg.ca/the-real-economy/passing-bill-c-48-would-only-exacerbate-unity-issues-brad-wall~1685347

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Environmentalists say Kenney’s Alberta war room threat to expose false information is “amateur hour”

EDMONTON — Environmental groups targeted by Alberta Premier Jason Kenney are shrugging off the new government’s promised $30-million “war room” to fight criticisms of the province’s energy industry.
“The war room makes for good theatre, but the people…

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Venezuela oil minister says economy, oil industry under U.S. siege

JEDDAH, Saudi Arabia (Reuters) – Venezuelan Oil Minister Manuel Quevedo said on Sunday his country’s economy and oil industry was under economic and financial siege by the U.S. government. “This therefore generates disturbances in the flow of oil supply to the world market as well as serious economic damage and suffering to the Venezuelan people,” … Read moreVenezuela oil minister says economy, oil industry under U.S. siege

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OPEC+ Job Isn’t Done as Oil Inventory Rising, Minister Says

May 18, 2019, by Grant Smith, Salma El Wardany and Dina Khrennikova (Bloomberg) Efforts by OPEC and its allies to balance the global supply and demand of oil aren’t complete because crude inventories continue to rise, according to United Arab Emirates Oil Minister Suhail Mohammed Al Mazrouei. “The job is not complete,” Al Mazrouei told … Read moreOPEC+ Job Isn’t Done as Oil Inventory Rising, Minister Says

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Trump says U.S. has reached agreement with Mexico, Canada on tariffs

WASHINGTON (Reuters) – The United States has reached a deal with Mexico and Canada to sell products without tariffs, U.S. President Donald Trump said on Friday. “We’ve just reached an agreement with Canada and Mexico and we’ll be selling our product into those countries without the imposition of tariffs or major tariffs,” Trump told a … Read moreTrump says U.S. has reached agreement with Mexico, Canada on tariffs

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A MUST WATCH! Dr. Patrick Moore, Co-founder of Greenpeace, discusses climate change and why simple science made him leave Greenpeace

Digital Exclusive: Dr. Patrick Moore TEARS APART The Green New Deal Dr. Patrick Moore – Confessions of a Greenpeace dropout. Dr. Moore, co-founder of Greenpeace, discusses climate change and why he left Greenpeace. Simple science made him a Greenpeace dropout.  He says “He did not leave Greenpeace, Greenpeace left him”    

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Traverse Energy Announces 2019 First Quarter Results

May 17, 2019 Globe Newswire CALGARY, Alberta, May 16, 2019 (GLOBE NEWSWIRE) — Traverse Energy Ltd. (“Traverse” or “the Company”) (TSX Venture: TVL) presents financial and operating results for the three months ended March 31, 2019. Three Months Ended Highlights (unaudited) March 31, 2019 December 31, 2018 March 31, 2018 Financial ($ thousands, except per share amounts) … Read moreTraverse Energy Announces 2019 First Quarter Results

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Obsidian Energy Announces Proposed Sale of its 55% Working Interest in the Peace River Oil Partnership

May 17, 2019 CNW CALGARY, May 17, 2019 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce it has signed a purchase and sale agreement (the “Agreement“) to sell its 55% working interest in the Peace River Oil Partnership (“PROP“) for total consideration of approximately $97 … Read moreObsidian Energy Announces Proposed Sale of its 55% Working Interest in the Peace River Oil Partnership

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US crude slips 11 cents, settling at $62.76, but posts 1.8% weekly gain on Mideast tensions

May 17, 2019 Reuters Oil prices slipped on Friday, but both benchmarks posted a weekly gain on rising concerns over further Middle East supply disruptions due to U.S.-Iran political tensions. A deputy head of Iran’s elite Revolutionary Guards said on Friday Iran could “easily” hit U.S. warships in the Gulf, the latest in days of … Read moreUS crude slips 11 cents, settling at $62.76, but posts 1.8% weekly gain on Mideast tensions

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Canada Weekly Rig Count Remains Unchanged for Week Ending May 17, 2019

Canada’s drilling rig count unchanged according to data collected by Baker Hughes for the week ending May 17, 2019. From one week ago, Alberta rig counts increased 1 to 43 and the Saskatchewan rig count decreased 1 to 1. Both oil and gas drilling stayed the same as last week, 22 and 41 respectively.   … Read moreCanada Weekly Rig Count Remains Unchanged for Week Ending May 17, 2019

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U.S. oil drillers cut rigs for second straight week -Baker Hughes

May 17 (Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for the second week in a row, with the rig count at its lowest since March 2018, as some drillers follow through on plans to cut spending. Despite those cuts, production in the nation’s biggest shale formations was expected … Read moreU.S. oil drillers cut rigs for second straight week -Baker Hughes

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It’s Coming – June 11th!! Largest Oil and Gas Rally in Canadian History! – Global Petroleum Show – Calgary, Alberta

Canada Action will hold ‘the Largest Oil and Gas Rally in Canadian History’ on Tuesday, June 11, 2019 in Calgary, AB. In partnership with the Global Petroleum Show, the rally will be held a week before the federal Cabinet is expected to rule on the Trans Mountain Expansion project, and will feature appearances from top … Read moreIt’s Coming – June 11th!! Largest Oil and Gas Rally in Canadian History! – Global Petroleum Show – Calgary, Alberta

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Gas Pain: Four-in-ten Canadians say rising prices at the pump are making it harder to afford necessities – ANGUS REID

In B.C., where costs are the highest in North America, seven-in-ten support a cap on maximum gas prices May 17, 2019 – As the price of gasoline begins its high summer season, painful increases at the pump are causing some road warriors enough heartburn to rethink trips to cottage country this Victoria Day long weekend. … Read moreGas Pain: Four-in-ten Canadians say rising prices at the pump are making it harder to afford necessities – ANGUS REID

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Shawcor Reports Voting Results From Annual Meeting

TORONTO, May 16, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd.  (TSX: SCL) announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual Meeting held May 14, 2019 in Toronto, Ontario. A total of 62,339,696 common shares were voted at the meeting representing 88.88% of the votes attached to all outstanding shares.  … Read moreShawcor Reports Voting Results From Annual Meeting

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Cardinal Energy Ltd. Reports Election of Directors

CALGARY, Alberta, May 16, 2019 (GLOBE NEWSWIRE) — (TSX – CJ) Cardinal Energy Ltd. (“Cardinal” or the “Company“) reports that the nominees listed in its Information Circular – Proxy Statement for the 2019 Annual and Special Meeting of Shareholders were elected as directors. Detailed results of the vote for the election of directors held earlier … Read moreCardinal Energy Ltd. Reports Election of Directors

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Global LNG: Asian prices slip as numerous sell tenders overshadow demand

SINGAPORE (Reuters) – Asian spot prices for liquefied natural gas (LNG) fell to a three-week low this week as cargoes were offered against little buying interest despite the approach of summer, when warmer weather typically boosts power generation demand. Spot prices for July delivery to Northeast Asia slipped to $5.35 per million British thermal units … Read moreGlobal LNG: Asian prices slip as numerous sell tenders overshadow demand

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OIL AGENCIES: IEA Stands Alone in Seeing Stockpiles Grow in 2019

May 16, 2019, by Julian Lee (Bloomberg) The International Energy Agency is the only one of the three major oil forecasting organisations that sees global inventories increasing in 2019. The latest outlooks from the U.S. Energy Information Administration and the Organisation of Petroleum Exporting Countries both show worldwide oil stockpiles falling this year, assuming that total … Read moreOIL AGENCIES: IEA Stands Alone in Seeing Stockpiles Grow in 2019

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Oil Set for Weekly Gain as OPEC+ Gathers Amid Gulf Tensions

May 17, 2019, by Sharon Cho and Grant Smith (Bloomberg) Brent oil headed for its biggest weekly gain since mid-February as OPEC and its allies gather this weekend to consider output policy and political tensions in the Persian Gulf escalate. Futures have added 3.5% in London this week. Saudi Arabia, Russia and other major producers … Read moreOil Set for Weekly Gain as OPEC+ Gathers Amid Gulf Tensions

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Five Things to Know in World Business Today

May 17, 2019, by Lorcan Roche Kelly (Bloomberg) Not interested Chinese state media signaled that the country has little interest in resuming trade talks with the U.S. as long as authorities in Washington continue to threaten more tariffs. This means that the next opportunity for both sides to come together will be a meeting between … Read moreFive Things to Know in World Business Today

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Oil Price Collapse Fears Return to Canada Amid New Production

May 16, 2019, by Robert Tuttle and Kevin Orland (Bloomberg) Canada’s great oil crash of 2018 could be set for a 2019 rerun. Oil-sands producers including Canadian Natural Resources Ltd. and Imperial Oil Ltd. are pushing ahead with expansions in the face of record inventories. Pipeline bottlenecks are poised to persist into next year after … Read moreOil Price Collapse Fears Return to Canada Amid New Production

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Scheer pledges to limit spending, build pipelines and put Canada on a path to energy independence

May 16, 2019 Reuters Canada’s Conservative Party leader Andrew Scheer on Thursday said if he is elected in the October national election he will rein in spending, build oil pipelines and put the country on a path to energy independence by 2030.In a 14-page speech delivered in Toronto, Canada’s financial capital, Scheer attacked Liberal Prime … Read moreScheer pledges to limit spending, build pipelines and put Canada on a path to energy independence

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Taxpayers Federation calls out the federal government for its unfair carbon tax

May 16, 2019 EDMONTON, AB: The Canadian Taxpayers Federation is calling out the federal government for forcing some provinces to pay a more punitive carbon tax. Under the federal government’s carbon tax, Newfoundland and Labrador, Nova Scotia, Prince Edward Island and Quebec all receive better deals than other Canadian provinces. The CTF is providing the … Read moreTaxpayers Federation calls out the federal government for its unfair carbon tax

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Canadian Inflation Picks Up to 2% on Trudeau’s Carbon Levies

May 15, 2019 by Theophilos Argitis (Bloomberg) Annual inflation accelerated in Canada for a third consecutive month as gasoline costs continue to escalate, in part due to new taxes on energy. Annual consumer price inflation rose to 2.0% in April, Statistics Canada said Wednesday in Ottawa, up from 1.9% a month earlier. Inflation is now exactly at … Read moreCanadian Inflation Picks Up to 2% on Trudeau’s Carbon Levies

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Albertans kept 2017 federal deficit from doubling to $39 billion – Even at the depths of Alberta’s recession

CALGARY—The federal government’s deficit in 2017 would have reached a staggering $39 billion—instead of the $19 billion actually recorded—if not for the disproportionate net revenue contributions from Alberta, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Canadians are aware of Ottawa’s recent large deficits, but it’s … Read moreAlbertans kept 2017 federal deficit from doubling to $39 billion – Even at the depths of Alberta’s recession

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NXT Energy Solutions Announces First Quarter 2019 Results

May 15, 2019  | Source: NXT Energy Solutions Inc. CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) today announced the Company’s financial and operating results for the quarter ended March 31, 2019.  All dollar amounts herein are in Canadian Dollars. Q1 Financial and Operating Highlights Key … Read moreNXT Energy Solutions Announces First Quarter 2019 Results

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Tesla Fires Sound Alarms About Safety of Electric-Car Batteries

May 16, 2019, by David Stringer, Ma Jie and Jinshan Hong (Bloomberg) Electric vehicles may be less prone to catch fire than gas guzzlers, but recent blazes involving Tesla Inc. and NIO Inc. cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers in the sector’s biggest market. … Read moreTesla Fires Sound Alarms About Safety of Electric-Car Batteries

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OPEC+ Grapples With Iran Crisis as Ministers Meet in Jeddah

May 16, 2019, by Grant Smith (Bloomberg) When OPEC and its allies gather in the Saudi Arabian city of Jeddah this weekend, their conversation will be dominated by a member of the group that isn’t there: Iran. As U.S. President Donald Trump squeezes oil exports from the Islamic Republic with sanctions, the discussions among other … Read moreOPEC+ Grapples With Iran Crisis as Ministers Meet in Jeddah

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Oil Climbs on Falling U.S. Gasoline Stockpiles and Gulf Tension

May 16, 2019, by Sharon Cho and Grant Smith (Bloomberg) Oil climbed for a third day — the longest run of gains in three weeks — as falling U.S. gasoline stockpiles supported the demand outlook and simmering tensions in the Middle East kept investors on edge. Futures in New York rose as much as 1.1% … Read moreOil Climbs on Falling U.S. Gasoline Stockpiles and Gulf Tension

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American Oil Finds New Markets as China-U.S. Trade Rift Grows

May 15, 2019, by Sheela Tobben (Bloomberg) U.S. crude is reaching new destinations around the world after Chinese buying slowed amid concern that the growing trade dispute between the countries could result in a tax on American oil. America shipped 470.2 million barrels to 38 countries from October through March, compared with 359.3 million to … Read moreAmerican Oil Finds New Markets as China-U.S. Trade Rift Grows

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Bellatrix Exploration Ltd. Announces First Quarter 2019 Financial and Operating Results

May 15, 2019 Globe Newswire CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix”, “we”, “us”, “our” or the “Company”) (TSX: BXE) announces its financial and operating results for the three months ended March 31, 2019.  This press release contains forward-looking statements.  Please refer to our cautionary language on forward-looking statements and the other matters … Read moreBellatrix Exploration Ltd. Announces First Quarter 2019 Financial and Operating Results

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Five Things to Know in World Business Today

May 16, 2019, by Lorcan Roche Kelly (Bloomberg) His way or the Huawei In an escalation of the standoff with China, President Donald Trump moved to curb Huawei Technologies Co.’s access to the U.S. market and American suppliers. This would not only cut the company off from the U.S. market but also stop it buying essential … Read moreFive Things to Know in World Business Today

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Granite Oil Corp. Announces Credit Facility Renewal

May 15, 20194:37 PM Globe Newswire CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO) (OTCQX:GXOCF) is pleased to announce that the annual borrowing base redetermination of its credit facility has been completed. The Company has renewed the existing credit facility at the same level of $50 million, consisting … Read moreGranite Oil Corp. Announces Credit Facility Renewal

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Keyera stock rises after it green-lights $1.3-billion Alberta liquids pipeline

May 15, 2019 CALGARY – Shares in Keyera Corp. rose by as much as nine per cent after it announced it will proceed with a long-anticipated $1.3-billion pipeline to bring natural gas liquids from northwestern Alberta to market. The Key Access Pipeline System is designed to collect condensate and other petroleum liquids produced with natural … Read moreKeyera stock rises after it green-lights $1.3-billion Alberta liquids pipeline

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Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2019

Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2019 May 15, 20197:42 AM Globe Newswire CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) — Storm Resources Ltd. (TSX:SRX) Storm has also filed its unaudited condensed interim consolidated financial statements as at … Read moreStorm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2019

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Southern Energy Corp. Announces Completion of the Sale of Canadian Assets

May 15, 2019 CNW CALGARY, May 15, 2019 /CNW/ – Southern Energy Corp. (“Southern” or the “Company“) (SOU: TSXV) is pleased to announce that it has closed the sale of its oil and natural gas assets in Alberta for approximately $0.64 million (the “Disposition“). “We are happy to have completed the sale of our Canadian … Read moreSouthern Energy Corp. Announces Completion of the Sale of Canadian Assets

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Pipestone Energy Corp. Reports First Quarter 2019 Results and Gives an Operations Update

Email Print Friendly Share May 15, 2019 07:01 ET | Source: Pipestone Energy Corp. photo-release 2019 CAPITAL PROGRAM AND OPERATIONS UPDATE Revised Pipestone Energy 5 Quarter Capital Program Overview (Q4 2018 – Q4 2019) Pipestone Energy Corp. CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q1 … Read morePipestone Energy Corp. Reports First Quarter 2019 Results and Gives an Operations Update

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ClearStream Announces First Quarter 2019

May 15, 2019  | Source: ClearStream Energy Services Inc. CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”, TSX: CSM and CSM.DB.A) today announced its results for the three months ended March 31, 2019. “EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the “Non-IFRS … Read moreClearStream Announces First Quarter 2019

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Pipestone Energy Corp. Reports First Quarter 2019 Results and Gives an Operations Update

CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) — (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) is pleased to report its Q1 2019 financial and operational results and provide a progress report on its 2019 development program. The Company has filed its unaudited financial statements and related management’s discussion and analysis (“MD&A”) … Read morePipestone Energy Corp. Reports First Quarter 2019 Results and Gives an Operations Update

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Differentials weaken on curtailment uncertainty, strong supply

May 14, 2019 Reuters Canadian heavy and synthetic crude oil differentials weakened versus U.S. benchmark futures on Tuesday as market players waited for news on whether the Alberta government will adjust oil production curtailments. Western Canada Select (WCS) heavy blend crude for June delivery in Hardisty, Alberta, last traded at $14.20 per barrel below West … Read moreDifferentials weaken on curtailment uncertainty, strong supply

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IEA Cuts Oil-Demand Forecast, But Sees Market Tightening on Iran

May 15, 2019, by Grant Smith (Bloomberg) Global oil demand will grow more slowly than previously thought following an economic lull in Asia, the International Energy Agency said, while warning that supplies stand to tighten due to U.S. sanctions on Iran. Disappointing fuel consumption in China, Japan and Brazil meant 2019 started with a “tough … Read moreIEA Cuts Oil-Demand Forecast, But Sees Market Tightening on Iran

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Oil Drops as U.S. Stockpile Report Counters Supply Risk in Gulf

May 15, 2019, by Sharon Cho and Amanda Jordan (Bloomberg) Oil fell as an industry report signaling a jump in U.S. stockpiles eased concerns over a supply crunch, even after a drone attack in Saudi Arabia highlighted the vulnerability of the country’s energy infrastructure. Futures in New York declined 0.7% after closing up 1.2% on … Read moreOil Drops as U.S. Stockpile Report Counters Supply Risk in Gulf

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Latest Permian Basin Oil Supply Surge to Feed Global Markets

May 14, 2019, by Sheela Tobben (Bloomberg) Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter and less sulfurous crude bubbling … Read moreLatest Permian Basin Oil Supply Surge to Feed Global Markets

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Five Things to Know in World Business Today

May 15, 2019, by Lorcan Roche Kelly (Bloomberg) Losing steam Data published overnight showed that China’s growth eased in April, with industrial output, retail sales and investment all slowing more than economists had forecast. With the ruling Communist Party’s promise to double the size of the nation’s economy between 2010 and 2020 already under pressure from U.S. tariffs, investors … Read moreFive Things to Know in World Business Today

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Radio Controlled, Must Call… What Does it All Mean? – IDENT Oil & Gas Signage

IDENT Feature

A lot of oil and gas activity takes place away from the closest Starbucks, so if you’re new to driving back country roads, you may be unsure about driving radio-assisted logging roads, or how to read Must Call signs. Roadways need a variety of signs, including km markers, directional, traffic, speed and radio controlled signs. … Read moreRadio Controlled, Must Call… What Does it All Mean? – IDENT Oil & Gas Signage

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XI Technologies: Montney operators going to greater lengths for production.

Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise delivered directly to your inbox, subscribe here.  For our Word to the Wise this week, we’ve done … Read moreXI Technologies: Montney operators going to greater lengths for production.

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Complimentary Visitor Pass Available – Global Petroleum Show 2019, June 11-13

GPS2019 Logo Feature

Get a complimentary visitor pass from our media partners! We are grateful for our media partners and for you! We’re happy to give you a complimentary visitor pass for you to come check out the Show! As Albertans gear up for an economic comeback under new provincial leadership, over 50,000 local and global key leaders of the oil … Read moreComplimentary Visitor Pass Available – Global Petroleum Show 2019, June 11-13

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Federal Carbon Tax Ruled Constitutional… For Now – Bennett Jones

Bennett Jones

Written by Michael P. Theroux and Laura M. Gill On May 3, 2019, the Saskatchewan Court of Appeal (SKCA) released its lengthy decision in Reference re Greenhouse Gas Pollution Pricing Act, 2019 SKCA 40. This much-anticipated decision represents the first judicial consideration of whether Canada’s federal carbon tax regime is constitutionally compliant. The outcome was … Read moreFederal Carbon Tax Ruled Constitutional… For Now – Bennett Jones

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Osprey Informatics featured in the Field Service Digital magazine: “Canadian Oil Producers Seek a New Commodity: Next-Gen Tech”

Osprey Logo - December 2018 Update Feature

By shedding its reputation for caution, the Canadian oil & gas industry aims to compete with American competitors that have gone all in on innovation. “Compared to other industries, oil and gas companies are faced with a unique set of problems when it comes to reducing costs and increasing margins and improving their field service … Read moreOsprey Informatics featured in the Field Service Digital magazine: “Canadian Oil Producers Seek a New Commodity: Next-Gen Tech”

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OPEC sees more 2019 demand for its oil as it keeps cutting output

LONDON (Reuters) – OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a tighter market if the exporter group refrains from raising output. But the Organization of the Petroleum Exporting Countries, in a monthly report, … Read moreOPEC sees more 2019 demand for its oil as it keeps cutting output

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Canadian Oil Prices Weaken as Crude Tanks Fill on Refinery Work

May 15, 2019, by Robert Tuttle (Bloomberg) Canadian crude prices fell Tuesday as storage tanks topped out amid refinery maintenance in the U.S. Midwest. Heavy Western Canadian Select, an oil sands benchmark, fell to the biggest discount against West Texas Intermediate futures since Feb. 19, data compiled by Bloomberg show. Edmonton Mixed Sweet, a light … Read moreCanadian Oil Prices Weaken as Crude Tanks Fill on Refinery Work

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Cash-rich Canadian oil firms favor buybacks as other options narrow

CALGARY, Alberta/WINNIPEG, Manitoba (Reuters) – Canadian oil producers are raking in the highest revenues in five years thanks to strong global oil prices and Alberta’s production cuts, but government intervention has hamstrung their spending abilities, encouraging many to buy back shares and pay down debt. Canada’s main crude-producing province effectively became a mini-OPEC this year … Read moreCash-rich Canadian oil firms favor buybacks as other options narrow

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In World’s Top Oil Play, a Driller Bets Big on Gas Liquids

May 14, 2019, by Rachel Adams-Heard (Bloomberg) A ride through the Permian Basin’s little-drilled southwest corner looks a bit like the rest of the shale patch. Mesquite dots the dry landscape, and bumpy oilfield roads link well sites to the main highways. But there are a couple of big differences: The drilling rights to about … Read moreIn World’s Top Oil Play, a Driller Bets Big on Gas Liquids

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Woodfibre targets 2023 start of British Columbia LNG export plant

May 14, 2019, Reuters Woodfibre LNG is set to become the second liquefied natural gas export project in the country Woodfibre LNG Ltd said Tuesday it plans to move forward with construction of its proposed C$1.4-C$1.8 billion liquefied natural gas export terminal in British Columbia later this year with the facility expected to be operational by … Read moreWoodfibre targets 2023 start of British Columbia LNG export plant

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NEB releases a new report exploring Canada’s gasoline supply chain

May 14, 2019 CNW CALGARY, May 14, 2019 /CNW/ – Canada’s vast gasoline production and transportation infrastructure ensures flexible and reliable supply for Canadians but unique market conditions in each region drive prices at the pump, according to a new report released by the National Energy Board (NEB). The report titled Where does Canada’s gasoline come from?, explains the journey a barrel of … Read moreNEB releases a new report exploring Canada’s gasoline supply chain

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Keyera Corp. Announces 2019 First Quarter Results

May 14, 2019 CNW CALGARY, May 14, 2019 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced its 2019 first quarter financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera’s website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera’s website or Keyera’s … Read moreKeyera Corp. Announces 2019 First Quarter Results

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Keyera Approves KAPS – A Montney Condensate & NGL Pipeline System

May 14, 2019 CNW CALGARY, May 14, 2019 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) is pleased to announce it is proceeding with the development of the Key Access Pipeline System (“KAPS”), a natural gas liquids (“NGL”) and condensate pipeline system that will transport growing Montney and Duvernay production in northwestern Alberta to Fort Saskatchewan. Keyera has partnered with SemCAMS Midstream ULC, owned jointly by SemGroup … Read moreKeyera Approves KAPS – A Montney Condensate & NGL Pipeline System

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Altura Energy Inc. Announces Record Production with First Quarter 2019 Financial and Operating Results

May 14, 2019 Globe Newswire CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) — Altura Energy Inc. (“Altura” or the “Corporation”) (TSXV: ATU) is pleased to announce its financial and operating results for the three months ended March 31, 2019.  The unaudited interim condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) are available at www.sedar.com and … Read moreAltura Energy Inc. Announces Record Production with First Quarter 2019 Financial and Operating Results

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Zargon Oil & Gas Ltd. Provides 2019 First Quarter Results

May 14, 2019 Globe Newswire CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOL: ZAR). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED MARCH 31, 2019) On January 11, 2019, Zargon announced the completion of a transaction to settle its $41.94 million principal amount of outstanding 8% … Read moreZargon Oil & Gas Ltd. Provides 2019 First Quarter Results

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Toscana Energy Announces First Quarter 2019 Results

May 14, 2019 Globe Newswire CALGARY, Alberta, May 14, 2019 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX: TEI) announces financial and operating results for the first quarter ended March 31, 2019. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and … Read moreToscana Energy Announces First Quarter 2019 Results

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Leucrotta Acquires Infrastructure at Two Rivers

Calgary, Alberta–(Newsfile Corp. – May 14, 2019) – Leucrotta Exploration Inc. (TSXV: LXE) (“Leucrotta” or the “Company”) is pleased to announce that it has entered into an agreement to acquire certain infrastructure including a battery, compression, water injection and pipelines in the Two Rivers area of British Columbia that are in the immediate vicinity of Leucrotta’s previously … Read moreLeucrotta Acquires Infrastructure at Two Rivers

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Oil Rises as Saudi Arabia Reports Drone Attacks on Pump Stations

May 14, 2019, by Grant Smith (Bloomberg) Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by sabotage over the weekend. Futures rose 1.2% in New York, reversing Monday’s drop. Unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the … Read moreOil Rises as Saudi Arabia Reports Drone Attacks on Pump Stations

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Saudis Halt Oil Pipe After Attack Claimed by Iran-Backed Rebels

May 14, 2019, by Anthony DiPaola and Dana Khraiche (Bloomberg) Saudi Arabia halted its main cross-country oil pipeline after a drone attack damaged pumping stations along the link, a strike claimed by Iran-backed rebels in neighboring Yemeni. Oil prices rose. Saudi Aramco, the world’s biggest oil exporter, said that supplies of crude and products continued … Read moreSaudis Halt Oil Pipe After Attack Claimed by Iran-Backed Rebels

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Five Things to Know in World Business Today

May 14, 2019, by Lorcan Roche Kelly (Bloomberg) “I have a feeling” President Donald Trump said that he feels talks with China “are going to be very successful” as he confirmed he will meet President Xi Jingping at next month’s G-20 summit. His comments came after the U.S. Trade Representative’s office released the list of $300 … Read moreFive Things to Know in World Business Today

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U.S. shale output to hit new record of 8.49 million bpd in June: EIA

NEW YORK (Reuters) – U.S. oil output from seven major shale formations is expected to rise by about 83,000 barrels per day (bpd) in June to a fresh peak of about 8.49 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday. One of the largest changes is forecast … Read moreU.S. shale output to hit new record of 8.49 million bpd in June: EIA

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Register To Attend An ONLINE Conference and Expo |IIoT, Automation, Blockchain, Cyber Security & More| Energy Connect Virtual Conference & Expo May 21-22 2019

At Energy Connect, we believe that information is freedom! That is why we are dedicated to creating the most accessible oil and gas events in Canada and across the globe.  Our events are held online and are free to attend. To attend simply pre-register and join us from your computer, tablet, or phone. Free Registration, … Read moreRegister To Attend An ONLINE Conference and Expo |IIoT, Automation, Blockchain, Cyber Security & More| Energy Connect Virtual Conference & Expo May 21-22 2019

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Global energy investment steadies at $1.85 trln after three-year fall -IEA

* Upstream oil and gas spending rises * Offsets slowing energy efficiency and renewables investment * China still largest energy investment market By Nina Chestney LONDON, May 14 (Reuters) – Global energy investment steadied at nearly $1.85 trillion last year after three years of decline, with slowing energy efficiency and renewables spending offset by increases … Read moreGlobal energy investment steadies at $1.85 trln after three-year fall -IEA

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Oil supply crunch to test OPEC’s spare capacity

LONDON (Reuters) – Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings in the event of unplanned outages, analysts say. Spare capacity is the extra oil a producing country … Read moreOil supply crunch to test OPEC’s spare capacity

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Oilfield services firm Weatherford to file for Chapter 11 bankruptcy

May 13, 2019 Reuters (Reuters) – Oilfield services provider Weatherford International Plc, burdened by a heavy debt load and years of losses, said on Friday it would file for Chapter 11 bankruptcy protection. The company, which at its peak was valued at more than $50 billion, never recovered from the 2014 oil price collapse. Efforts under … Read moreOilfield services firm Weatherford to file for Chapter 11 bankruptcy

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Delphi Energy Corp. Provides Production Update on First West Bigstone Multi-Well Montney Pad

May 13, 2019  | Source: Delphi Energy Corporation Delphi Energy Corp Pad Map Delphi Energy Corp Pad Map Delphi Energy Corporation CALGARY, Alberta, May 13, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to provide a production update on its first four-well Montney pad at West Bigstone. Over the past two weeks, the Company has … Read moreDelphi Energy Corp. Provides Production Update on First West Bigstone Multi-Well Montney Pad

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Corridor Announces First Quarter Results

HALIFAX, Nova Scotia, May 13, 2019 (GLOBE NEWSWIRE) — Corridor Resources Inc. (“Corridor”) announced today its first quarter financial results for 2019. The following table provides a summary of Corridor’s financial and operating results for the three months ended March 31, 2019, with comparisons to the three months ended March 31, 2018. Corridor’s unaudited financial … Read moreCorridor Announces First Quarter Results

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DEAL! Pacific Oil & Gas Ltd. To Acquire Canbriam Energy Inc.

May 13, 20193:00 PM PR Newswire CALGARY, May 13, 2019 /PRNewswire/ – Canbriam Energy Inc. (“Canbriam”) and Pacific Oil and Gas Ltd. (“PO&G”) today jointly announce the signing of definitive documents for the acquisition by PO&G of all of the issued and outstanding shares of Canbriam for cash consideration (the “Transaction”). Canbriam’s Board of Directors has provided unanimous approval … Read moreDEAL! Pacific Oil & Gas Ltd. To Acquire Canbriam Energy Inc.

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‘No negotiations:’ Inuit group wants Arctic areas saved from development

May 12, 2019 The Canadian Press IQALUIT, Nunavut – An Inuit land-claim group is asking the federal government to permanently protect large sections of the Eastern Arctic from any industrial development. The request is part of a huge effort to map out how and where oil, gas and mining should go ahead on land and water … Read more‘No negotiations:’ Inuit group wants Arctic areas saved from development

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Vancouver expected to headline long Canadian summer of high gasoline prices

May 12, 2019 The Canadian Press CALGARY – Gasoline prices are expected to remain just below record highs all across Canada this summer except in Vancouver — where a perfect storm of factors will likely ensure motorists continue to set new all-time records at the pumps. Fuel market analysts say average retail prices in Canada are … Read moreVancouver expected to headline long Canadian summer of high gasoline prices

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TransGlobe Energy Corporation Announces First Quarter 2019 Financial and Operating Result

For the three months ended March 31, 2019 May 13, 2019  | Source: TransGlobe Energy Corporation CALGARY, Alberta, May 13, 2019 (GLOBE NEWSWIRE) — AIM & TSX:  “TGL” & NASDAQ: “TGA” TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2019.  All dollar values … Read moreTransGlobe Energy Corporation Announces First Quarter 2019 Financial and Operating Result

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Oil Rises as Middle East Tanker Attacks Add to Political Risks

May 13, 2019, by Sharon Cho and Alex Longley (Bloomberg) Brent crude oil rallied after Saudi Arabia said two of its tankers were attacked on Sunday, adding to the mounting geopolitical risks in the market. Futures in London added as much as 1.9%. Saudi Arabia said two of its oil tankers were affected while sailing … Read moreOil Rises as Middle East Tanker Attacks Add to Political Risks

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While Rest of World Dishes Electric Car Perks, U.S. Charges Fees

May 13, 2019, by David R Baker (Bloomberg) The rest of the world is handing out subsidies and incentives to speed up adoption of electric cars. But in nearly half of U.S. states, driving a battery-powered car requires paying additional fees. To date, 24 states have imposed special fees on electric vehicles, according to a … Read moreWhile Rest of World Dishes Electric Car Perks, U.S. Charges Fees

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Five Things to Know in World Business Today

May 13, 2019, by Lorcan Roche Kelly (Bloomberg) Weekend hangover Whatever hopes existed for a breakthrough on trade between the U.S. and China were dashed over the weekend as both sides seemed to harden their positions. President Donald Trump doubled-down on his claim that Beijing “broke the deal,” while Chinese state media blamed him for the impasse and … Read moreFive Things to Know in World Business Today

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U.N. modernizes guidance for greenhouse emission estimates

(Reuters) – A United Nations climate change panel updated on Monday guidelines for governments to estimate greenhouse gas emissions so the most up-to-date scientific research is included. Under the 2015 Paris Agreement, governments use common methodologies to measure how many greenhouse emissions they have produced and how many have been removed from the atmosphere. The … Read moreU.N. modernizes guidance for greenhouse emission estimates

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Saudi Arabia Says Oil Tankers Attacked as Iranian Tensions Rise

May 13, 2019, by Anthony DiPaola and Abbas Al Lawati (Bloomberg) Saudi Arabia said two of its oil tankers were attacked while sailing toward the Persian Gulf, adding to regional tensions as the U.S. increases pressure on Iran. Crude rose as much as 2%. The tankers were damaged in “a sabotage attack” off the United … Read moreSaudi Arabia Says Oil Tankers Attacked as Iranian Tensions Rise

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Thunderchild Energy Services and X-Terra Environmental Services incorporate BEAHR Workforce Training Program

Thunderchild Energy Services Feature

Oil and gas, utility and mining companies often incorporate local Indigenous Monitors on short-term construction jobs, but this work is often temporary with limited opportunity for training and personal career growth for interested individuals within the community. To help build environmental careers in the local Indigenous communities where they work, X-Terra Environmental Services Ltd. is … Read moreThunderchild Energy Services and X-Terra Environmental Services incorporate BEAHR Workforce Training Program

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Achieving Operational Excellence Through Digitization – Aimsio

Upstream oil and gas companies rely on data to shed light on what can’t be seen. Details about a formation, bit location, flow, composition — producers know just how valuable this information is and what it can contribute to future projects. However, without adding vendor data to the mix, part of the big picture is … Read moreAchieving Operational Excellence Through Digitization – Aimsio

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Brady Expands Its Market-Leading Lockout Line with Exclusive Brady SafeKey Lockout Padlocks

BRADYLOGO-feature

Innovative new series provides up to 700% more unique operating keys than traditional safety padlocks MILWAUKEE, Wis. — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced the launch of a new line of safety padlocks designed specifically to bring advanced key security and key precision to lockout programs. With … Read moreBrady Expands Its Market-Leading Lockout Line with Exclusive Brady SafeKey Lockout Padlocks

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As Anadarko Ignites Permian M&A, Energy Deals Ice Over in Canada

May 13, 2019, by Kevin Orland (Bloomberg) While the $38 billion takeover of Anadarko Petroleum Corp. has been seen as a potential catalyst for a wave of U.S. oil industry consolidation, the market for energy deals north of the border remains frigid, with few potential sparks seen on the horizon. There have been 14 announced … Read moreAs Anadarko Ignites Permian M&A, Energy Deals Ice Over in Canada

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Enbridge warns Line three pipeline cost could exceed C$9 billion

CALGARY, Alberta (Reuters) – Enbridge Inc, Canada’s largest pipeline operator, said on Friday there is a risk its Line 3 replacement project could exceed its previous cost estimate of C$9 billion ($6.71 billion) because of delays to permits in the United States. Once complete, Line 3 will carry 760,000 barrels per day of western Canadian … Read moreEnbridge warns Line three pipeline cost could exceed C$9 billion

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The Canadian oil and natural gas industry supports a new federal task force investigating foreign interference in Canada’s elections: CAPP

CAPP-logo-feature

MAY 10, 2019 – CALGARY, ALBERTA The Canadian Association of Petroleum Producers (CAPP) is encouraged by the creation of a federal task force aimed at combatting foreign interference in Canadian elections. In a letter submitted to the Government of Canada, CAPP formally extends its support to the creation of the Security and Intelligence Threats to Elections Task … Read moreThe Canadian oil and natural gas industry supports a new federal task force investigating foreign interference in Canada’s elections: CAPP

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GRAB IT! ONLY 1 SPONSOR SPOT LEFT – 21st Annual Big Guns Stampede Breakfast: July 09, 2019 – The Industry’s Best Networking Event

Western Canada’s Largest Oil Patch Networking Stampede Breakfast  The 21st Annual BIG GUNS STAMPEDE BREAKFAST Be an Exclusive Sponsor! (Only ONE Spot Left) Each year, all areas of the Energy Industry come to this grand event to celebrate. This year will be no different, only better! We would love for you to join us as … Read moreGRAB IT! ONLY 1 SPONSOR SPOT LEFT – 21st Annual Big Guns Stampede Breakfast: July 09, 2019 – The Industry’s Best Networking Event

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Strad Announces First Quarter Results & Director Appointment

May 09, 2019 | Source: Strad Energy Services Ltd. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (“U.S.”) The news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For full disclosure of the forward-looking information and statements and the risks to which they are subject, … Read moreStrad Announces First Quarter Results & Director Appointment

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Questerre reports first quarter 2019 results

May 10, 2019  | Source: Questerre Energy Corporation THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 10, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results … Read moreQuesterre reports first quarter 2019 results

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Kinder Morgan Canada Limited Concludes Strategic Review

May 9, 2019 CNW CALGARY, May 9, 2019 /CNW/ – The Kinder Morgan Canada Limited (TSX: KML) board of directors today issued the following statement: Following the Trans Mountain sale, KML announced that it would undertake a strategic review of the company to determine a course of action that maximizes value to all KML shareholders.  The options evaluated included, … Read moreKinder Morgan Canada Limited Concludes Strategic Review

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Vertex Resource Group Ltd. Announces First Quarter 2019 Results

May 10, 2019 CNW Revenue of $42.6 million and EBITDA of $6.3 million for first quarter 2019. SHERWOOD PARK, AB, May 10, 2019 /CNW/ – (TSXV:VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Company”) reports its financial and operational results for the three months ending March 31, 2019, with comparisons to the same period in 2018. The following operational and financial highlights … Read moreVertex Resource Group Ltd. Announces First Quarter 2019 Results

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Obsidian Energy Announces First Quarter 2019 Financial and Operational Results

May 10, 2019 PR Newswire CALGARY, May 10, 2019 /PRNewswire/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce its financial and operational results for the three months ended March 31, 2019. All figures are in Canadian dollars unless otherwise stated. Michael Faust, Interim President and … Read moreObsidian Energy Announces First Quarter 2019 Financial and Operational Results

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Eagle Energy Inc. Announces First Quarter 2019 Results and Confirms Annual Meeting Date

May 10, 2019 CNW CALGARY, May 9, 2019 /CNW/ – (TSX: EGL):  Eagle Energy Inc. (“Eagle“) today reports its financial and operating results for the quarter ended March 31, 2019. As a reminder, Eagle’s annual meeting will be held on June 18, 2019 at 9:00 a.m. at Altius Centre, 2nd Floor, 500 – 4 Avenue SW, Calgary for shareholders of record on May 7, 2019. When reflecting on Eagle’s … Read moreEagle Energy Inc. Announces First Quarter 2019 Results and Confirms Annual Meeting Date

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U.S. oil drillers cut rigs for third week in four: Baker Hughes

(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for the third time in four weeks even as crude production forecasts increase despite some drillers cutting spending. Drillers cut two oil rigs in the week to May 10, bringing the total count down to 805, General Electric Co’s Baker Hughes … Read moreU.S. oil drillers cut rigs for third week in four: Baker Hughes

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Canada Weekly Rig Count Up 2 for Week Ending May 10, 2019

Canada’s drilling rig count up 2 actively drilling rigs according to data collected by Baker Hughes for the week ending May 10, 2019. From one week ago, Alberta rig counts stayed at 42 and the Saskatchewan rig count increased 1 to 2. Oil drilling increased 5 to 22 and gas decreased 3 to 41.   … Read moreCanada Weekly Rig Count Up 2 for Week Ending May 10, 2019

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Telling Our Story: Perceptions, Misconceptions and the Oil Sands – Jeff Davison – Calgary City Councillor

“But I believe in the work that’s happening here,” she said. “If the oil sands are going to have a future, what I saw today really lends itself well.” – Mayor Lisa Helps Last month, I had the privilege of touring Cenovus’ Foster Creek oil sands project with the Mayor of Victoria, Lisa Helps, my … Read moreTelling Our Story: Perceptions, Misconceptions and the Oil Sands – Jeff Davison – Calgary City Councillor

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FRIDAY IN EDMONTON! Build That Pipeline Rally: Trudeau is in Edmonton: Friday, May 10, 2019 at 11:15 AM – Edmonton Convention Centre

We need your help to build that pipeline! Canada Action will be organizing a rally tomorrow, Friday, May 10, 2019 at 11:15 AM in support of Trans Mountain Pipeline. We just found out that Prime Minister Justin Trudeau is in Edmonton tomorrow.  Even on short notice,  we intend to remind him that delays building pipelines are devastating … Read moreFRIDAY IN EDMONTON! Build That Pipeline Rally: Trudeau is in Edmonton: Friday, May 10, 2019 at 11:15 AM – Edmonton Convention Centre

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Houston’s Offshore Technology Conference Celebrates 50th Anniversary with a Focus on the Future

Global Perspectives and Technological Innovation Define 2019 Event Houston, Texas, USA (9 May 2019) – Offshore energy professionals from around the world attended the 2019 Offshore Technology Conference—the 50th anniversary—at NRG Park to gain insights from global experts and colleagues. While speakers challenged ideas about the changing landscape of exploration and production, exhibitors displayed the impact … Read moreHouston’s Offshore Technology Conference Celebrates 50th Anniversary with a Focus on the Future

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Harvest Operations Corp. Reports Q1 2019 Results

May 9, 2019 Globe Newswire CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) —  Harvest Operations Corp. (“Harvest” or the “Company”) announced its financial and operating results for the first quarter ended March 31, 2019. This press release is an overview of the first quarter results for 2019 and should be read with the unaudited condensed interim financial … Read moreHarvest Operations Corp. Reports Q1 2019 Results

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Pieridae Comments on Recent Trading and Maintains Momentum for Goldboro LNG Project

May 9, 2019 Globe Newswire Key Milestones Achieved Still in Place CALGARY, Alberta , May 09, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (Pieridae or the Corporation) (TSXV: PEA) In light of the recent share price decline, Pieridae would like to confirm that there have been no material adverse changes in its business. As Pieridae’s management … Read morePieridae Comments on Recent Trading and Maintains Momentum for Goldboro LNG Project

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Westport Fuel Systems Reports First Quarter 2019 Financial Results

Strong Revenue Growth in All Areas, Notably Westport HPDI 2.0™ Sales VANCOUVER, British Columbia, May 09, 2019 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) reported financial results for the first quarter ended March 31, 2019 and provided an update on operations. All figures are in U.S. dollars unless otherwise … Read moreWestport Fuel Systems Reports First Quarter 2019 Financial Results

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Canadian Utilities Limited Reports on Voting Results From the 2019 Annual Meeting of Share Owners

/EIN News/ — CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Canadian Utilities Limited (TSX: CU, CU.X) At the Annual Meeting of Share Owners of Canadian Utilities Limited (the “Corporation”) held on May 8, 2019 in Edmonton, Alberta, a resolution was passed by ballot electing each of the following 10 nominees proposed by management as … Read moreCanadian Utilities Limited Reports on Voting Results From the 2019 Annual Meeting of Share Owners

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Chevron, Breakup Fee in Hand, Could Buy One of These Instead

May 9, 2019, by Rachel Adams-Heard and Kevin Crowley (Bloomberg) Chevron Corp. is taking its $1 billion breakup fee and walking away from the biggest deal in the oil industry in at least four years. But the supermajor may not be done yet. In an interview Thursday, Chief Executive Officer Mike Wirth said the company … Read moreChevron, Breakup Fee in Hand, Could Buy One of These Instead

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Oil Shrugs Off U.S. Tariff Hike to Climb on Tighter Supply

Oil-Prices

May 10, 2019, by Saket Sundria and Alex Longley (Bloomberg) Oil pushed higher even after the U.S. went ahead with a planned tariff increase on Chinese goods, as rising tensions in Iran and elsewhere kept the supply outlook tight. Futures in New York erased a gain shortly after the increase in levies but then climbed … Read moreOil Shrugs Off U.S. Tariff Hike to Climb on Tighter Supply

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Five Things to Know in World Business Today

May 10, 2019, by Lorcan Roche Kelly (Bloomberg) Following through As promised, President Donald Trump boosted tariffs on $200 billion of Chinese imports to 25% overnight as the White House seeks to extract trade concessions in the current round of talks in Washington. Observers of those negotiations, which continue today, said that they are not … Read moreFive Things to Know in World Business Today

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Canadian Natural worried about changes to Enbridge pipeline system

CALGARY, Alberta (Reuters) – Canadian Natural Resources Ltd said on Thursday it is against proposed changes to shipping agreements on Enbridge Inc’s Mainline pipeline system because it does not want to be “held hostage” to one delivery point for its crude. The Enbridge Mainline system delivers 2.85 million barrels of crude per day from western … Read moreCanadian Natural worried about changes to Enbridge pipeline system

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Even Trudeau’s Canada, Gripped in Carbon Fight, Won’t Ditch Coal

May 9, 2019, by Josh Wingrove (Bloomberg) Scientists agree coal is choking the planet—so why is it so hard for governments to ditch? This is the last in a three-part series. Read parts one and two. Set against lush hills, deep inlets and snow-kissed mountain peaks, Vancouver is the wellspring of Canadian environmentalism—and the heart of … Read moreEven Trudeau’s Canada, Gripped in Carbon Fight, Won’t Ditch Coal

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Opinion: Native ownership of Trans Mountain pipeline would replace First Nation poverty with prosperity

Project Reconciliation Feature 400x270

As former First Nations chiefs in B.C., Alberta and Saskatchewan, we feel we have spent much of our careers managing issues related to Indigenous poverty. So it will come as no surprise that we feel strongly that it’s time that we, as First Nations, turn our focus and attention to fostering our economic independence through … Read moreOpinion: Native ownership of Trans Mountain pipeline would replace First Nation poverty with prosperity

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Register for XI’s Learning Lounge – GeoConvention Booth #100

XI Logo Vertical Feature 400x270

XI Technologies Inc. is pleased to be part of this year’s GeoConvention Exhibition. Since GeoConvention is all about learning and technical advancement, we’ll be presenting a non-stop array of short but informative technical talks right in our XI booth. Seven great topics and demos, multiple times to choose from. In addition to a comfy couch … Read moreRegister for XI’s Learning Lounge – GeoConvention Booth #100

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Kinder Morgan Canada to remain independent after strategic review

(Reuters) – Pipeline company Kinder Morgan Canada Ltd said on Thursday it would continue as a stand-alone entity, following a strategic review that considered options including a sale. The company said its decision was consistent with the recommendation of a special committee of independent directors not affiliated with Kinder Morgan Inc, which holds about 70 … Read moreKinder Morgan Canada to remain independent after strategic review

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Cequence Energy Announces First Quarter Financial Results

May 09, 2019 | Source: Cequence Energy Ltd CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce its operating and financial results for the three months ended March 31, 2019. The Company’s Management’s Discussion and Analysis (“MD&A”) and Condensed Consolidated Interim Financial Statements are … Read moreCequence Energy Announces First Quarter Financial Results

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High Arctic Reports 2019 First Quarter Results

May 09, 2019| Source: High Arctic Energy Services Inc. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) – “High Arctic” … Read moreHigh Arctic Reports 2019 First Quarter Results

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Chinook Energy Inc. Announces First Quarter of 2019 Operating and Financial Results

Chinook Energy Feature

May 09, 2019 | Source: Chinook Energy Inc. CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Chinook Energy Inc. (“our”, “we”, or “us”) (TSX: CKE) is pleased to announce our operating and financial results for the three months ended March 31, 2019 (“Q119”). Our unaudited condensed consolidated financial statements and management’s discussion and analysis for the three … Read moreChinook Energy Inc. Announces First Quarter of 2019 Operating and Financial Results

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Inter Pipeline First Quarter 2019 Financial and Operating Results

May 9, 201910:00 AM CNW CALGARY, May 9, 2019 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) today announced financial and operating results for the three-month period ended March 31, 2019. First Quarter Highlights Funds from operations (FFO) totalled $212 million Net income for the quarter was $98 million Declared cash dividends of $174 million, or $0.43 per share Quarterly payout ratio* of … Read moreInter Pipeline First Quarter 2019 Financial and Operating Results

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Controversial environment-review bill faces major changes in Senate as clock ticks

OTTAWA — Canadian senators are trying to make more than 100 amendments to the government’s environmental-assessment bill that overhauls how major energy and transportation projects are reviewed.
The Liberals want Bill C-69 to fulfil a 2015 election pr…

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Canadian Natural Resources Limited Announces 2019 First Quarter Results

May 09, 2019 | Source: Canadian Natural Resources Limited CALGARY, Alberta, May 09, 2019 (GLOBE NEWSWIRE) — Commenting on the Company’s first quarter 2019 results, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “In the first quarter, the Company demonstrated the resilience and strength of its long life low decline and low capital exposure assets, generating … Read moreCanadian Natural Resources Limited Announces 2019 First Quarter Results

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Tourmaline Realizes Record Production and Increases Dividend

May 8, 2019 CNW CALGARY, May 8, 2019 /CNW/ – Tourmaline Oil Corp. (TSX:TOU) (“Tourmaline” or the “Company”) is pleased to release  financial and operating results for the first quarter of 2019. HIGHLIGHTS Q1 2019 production averaged 293,434 boepd, a 9% increase over Q1 2018 and a 6% increase over the prior quarter. March 2019 production averaged 301,336 boepd. Q1 … Read moreTourmaline Realizes Record Production and Increases Dividend

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Crescent Point Announces Q1 2019 Results

May 9, 2019 CNW CALGARY, May 9, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended March 31, 2019. KEY HIGHLIGHTS Increased cash flow in 2019 based on return-focused capital allocation, lower costs, higher commodity prices and improved oil … Read moreCrescent Point Announces Q1 2019 Results

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Granite Oil Corp. Reports First Quarter 2019 Financial and Operating Results

May 08, 2019 | Source: Granite Oil Corp. CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2019. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended March 31, 2019 2018 (000s, except per … Read moreGranite Oil Corp. Reports First Quarter 2019 Financial and Operating Results

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Athabasca Oil Corporation Announces 2019 First Quarter Results

May 08, 2019 | Source: Athabasca Oil Corporation CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report strong operational and financial performance in the first quarter of 2019. With its resilient business model, the Company is well positioned to generate free cash flow in 2019 … Read moreAthabasca Oil Corporation Announces 2019 First Quarter Results

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InPlay Oil Corp. Announces First Quarter 2019 Financial and Operating Results

May 08, 2019 22:00 ET | Source: InPlay Oil Corp. CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three months ended March 31, 2019.  InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and … Read moreInPlay Oil Corp. Announces First Quarter 2019 Financial and Operating Results

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Oil Drops as Trump’s Battle With China Offsets Iranian Tensions

FILE PHOTO: A worker walks atop a tanker wagon to check the freight level at an oil terminal on the outskirts of Kolkata, India November 27, 2013. REUTERS/Rupak De Chowdhuri/File Photo

May 9, 2019, by Saket Sundria and Alex Longley (Bloomberg) Oil fell as flaring trade tensions between the world’s two biggest economies overshadowed concerns over supply disruptions from Iran to Venezuela. Futures in New York fell as much as 1.3%, before paring some of those losses, as U.S. President Donald Trump escalated his rhetoric against … Read moreOil Drops as Trump’s Battle With China Offsets Iranian Tensions

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Five Things to Know in World Business Today

May 9, 2019, by Lorcan Roche Kelly (Bloomberg) Hard ball President Donald Trump declared that Beijing had “broke the deal” the U.S. was negotiating with the world’s second-largest economy. A Chinese spokesperson disputed the president’s characterization of events, saying that the country “honors its word.” A delegation from the Asian nation led by top negotiator … Read moreFive Things to Know in World Business Today

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New Google-supported project will measure and publicize carbon-emission data from every power plant in the world

May 8, 2019, by Jennifer Runyon (Renewable Energy World) Tuesday brings a somewhat mind-blowing announcement in the world of power plants and pollution. In a nutshell: A nonprofit artificial intelligence firm called WattTime is going to use satellite imagery to precisely track the air pollution (including carbon emissions) coming out of every single power plant … Read moreNew Google-supported project will measure and publicize carbon-emission data from every power plant in the world

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Granite Oil Corp. Reports First Quarter 2019 Financial and Operating Results

May 08, 2019 | Source: Granite Oil Corp. CALGARY, Alberta, May 08, 2019 (GLOBE NEWSWIRE) — GRANITE OIL CORP. (“Granite” or the “Company”) (TSX:GXO)(OTCQX:GXOCF) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2019. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended March 31, 2019 2018 (000s, except per … Read moreGranite Oil Corp. Reports First Quarter 2019 Financial and Operating Results

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