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An Open Letter to Amnesty International’s Attack on Alberta – Lisa Bzdurreck

Alex Neve, Secretary General Amnesty International Canada So, you’re joining the fight against a small province, and beleaguered industry, who have endured years of bullying, intimidation, discriminatory government policy, slander, and harassment, while accusing us of human rights violations? Interesting. Jason Kenney campaigned on the promise to expose a coordinated effort to destroy the livelihood … Read moreAn Open Letter to Amnesty International’s Attack on Alberta – Lisa Bzdurreck

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How the Saudi attack affects global oil supply

September 16, 2019 Reuters Saudi Aramco Refinery The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months.Here are some facts about the impact on oil supply and spare capacity: WHY IS IT SO DISRUPTIVE FOR GLOBAL … Read moreHow the Saudi attack affects global oil supply

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Take Action This Fall! Market Your Company on EnergyNow and Generate More Leads – See Our Marketing Bundles

Market Your Company on EnergyNow Don’t Be Left Behind in Your Marketing Get Started With One of Two Marketing Bundles from EnergyNow Access the EnergyNow Website, Daily Email, Social Media (Linkedin etc.) and EnergyNow SHOWCASE Digital Marketplace For more information and to download the list of specials, please fill out the form below and include … Read moreTake Action This Fall! Market Your Company on EnergyNow and Generate More Leads – See Our Marketing Bundles

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Delphi Energy Corp. Announces Close of Alliance Service Sale and Agreement to Reactivate Alliance Lateral Line

September 16, 2019 | Source: Delphi Energy Corporation CALGARY, Alberta, Sept. 16, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the closing of the sale of a portion of its Alliance Service and the execution of an Interconnection Development Agreement with Alliance Pipeline Limited Partnership to reactivate its lateral line to the company-owned Bigstone West Gas Plant located … Read moreDelphi Energy Corp. Announces Close of Alliance Service Sale and Agreement to Reactivate Alliance Lateral Line

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Five Things to Know in World Business Today

By Joe Easton Sep 15, 2019 (Bloomberg) Good morning. A devastating attack on a Saudi Arabia oil facility sent crude oil futures soaring, rippling through other markets. Boris Johnson is once again backing his Halloween Brexit date, and Chinese economic data continues to show evidence of the trade war’s impact. Here’s what’s moving markets. Saudi Strike … Read moreFive Things to Know in World Business Today

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Oil-Price Shock Couldn’t Come at Worse Time for World Growth

By Enda Curran  Sep 16, 2019 (Bloomberg) The record oil-price surge after a drone strike on a Saudi Arabian oil facility couldn’t come at a worse time for a world economy already in the grip of a deepening downturn. While the severity will depend on how long the price spike endures, the development will further erode business … Read moreOil-Price Shock Couldn’t Come at Worse Time for World Growth

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Aramco Less Optimistic on Pace of Oil Output Recovery

Will Kennedy and Javier Blas Sep 16, 2019 (Bloomberg) Saudi Aramco officials are growing less optimistic that there will be a rapid recovery in oil production after the attack on the giant Abqaiq processing plant, a person with knowledge of the matter said.All eyes are on how fast the kingdom can recover from the weekend’s … Read moreAramco Less Optimistic on Pace of Oil Output Recovery

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10 Canadian Energy Questions You Can Ask Your Federal Election Candidate – Deidra Garyk

by Deidra Garyk Governments are currently operating in an environment of declining trust. Citizens feel so disenfranchised by government and politicians that they are not even taking the time to vote. This is a concern in a democratic society that relies on citizens to set the priorities of the country, province, or city. In the … Read more10 Canadian Energy Questions You Can Ask Your Federal Election Candidate – Deidra Garyk

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Canada Weekly Rig Count Down 13 for Week Ending September 13, 2019

Canada’s drilling rig count is down 13 actively drilling rigs according to data collected by Baker Hughes for the week ending September 13, 2019 From one week ago, Alberta rig counts decreased 11 to 86 and the Saskatchewan rig count decreased 2 to 35. Oil drilling decreased 9 to 93 and gas decreased 4 to … Read moreCanada Weekly Rig Count Down 13 for Week Ending September 13, 2019

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Oil prices surge 15% after attack on Saudi facility hits global supply

By Serene Cheong and Dan Murtaugh  Sep 16, 2019 (Bloomberg) —Oil posted its biggest ever intraday jump, briefly surging above $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies and raised the specter of more destabilization in the region.In an extraordinary start to trading on Monday, … Read moreOil prices surge 15% after attack on Saudi facility hits global supply

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COMMENTARY – Saudi Arabia Drone Attack: What it Could Mean for Oil’s Future: Liam Denning

By Liam Denning Sep 14, 2019 We’re about to find out just how laid back the oil market really is. It has shrugged off sanctions on Iran, exploding tankers and drones getting shot down over the Strait of Hormuz. But this weekend’s strike against Saudi Arabia’s Abqaiq processing facility – perhaps the single most important … Read moreCOMMENTARY – Saudi Arabia Drone Attack: What it Could Mean for Oil’s Future: Liam Denning

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Its Lifeblood Attacked, What Are Saudi Arabia’s Options Now?

By Zainab Fattah Sep 15, 2019 (Bloomberg) A predawn attack on the heart of Saudi Arabia’s energy industry knocked out half of the country’s oil production and raised the prospect of retaliation. The U.S., without providing evidence, blamed the strike by a swarm of armed drones on the kingdom’s arch rival Iran. Iran has denied … Read moreIts Lifeblood Attacked, What Are Saudi Arabia’s Options Now?

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Fall 2019 Essential HR Updates: What Employers & Employees Need to Know – Wendy Ferguson

A commentary by Wendy Ferguson An abundance of employment legislation changes have taken place in Alberta and Canada this September and it is important that employers ensure compliance and that employees are informed.   I felt it appropriate to kick off the season with an important update with respect to all areas of HR in Alberta! Alberta Employment … Read moreFall 2019 Essential HR Updates: What Employers & Employees Need to Know – Wendy Ferguson

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Schachter Eye on Energy: Crude retreats as Iran may gain some sanction relief from President Trump

Each week Josef Schachter will give 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 34 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read moreSchachter Eye on Energy: Crude retreats as Iran may gain some sanction relief from President Trump

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Saudi Oil Output Cut in Half After Drones Strike Aramco Site

By Nayla Razzouk and Javier Blas  Sep 14, 2019 (Bloomberg) Saudi Arabia’s oil production was cut by half after a swarm of explosive drones struck at the heart of the kingdom’s energy industry and set the world’s biggest crude-processing plant ablaze — an attack blamed on Iran by the top U.S. diplomat.Iran-backed Houthi rebels in … Read moreSaudi Oil Output Cut in Half After Drones Strike Aramco Site

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Pason Power Inc. and Energy Toolbase LLC Combine to Create End-to-End Energy Storage Software Platform

September 13, 2019 HOUSTON & STUART, Fla.–(BUSINESS WIRE)–Pason Power Inc. (“Pason Power”), a provider of intelligent software for the energy storage market, announced today that it is combining its business with Energy Toolbase LLC (“Energy Toolbase”), an industry-leading software platform that specializes in modeling and proposing the economics of solar and energy storage projects. These … Read morePason Power Inc. and Energy Toolbase LLC Combine to Create End-to-End Energy Storage Software Platform

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U.S. oil drillers cut rigs for fourth week in a row -Baker Hughes

September 13, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row as producers cut spending, leading to slower growth in crude output. Drillers cut five oil rigs in the week to Sept. 13, bringing the total count down to 733, the lowest since … Read moreU.S. oil drillers cut rigs for fourth week in a row -Baker Hughes

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Column: Alberta’s business tax cut is part of the solution, not the problem – Franco Terrazzano

Friday, September 13, 2019 Alberta is dealing with two big problems: we need to get people back to work and we need our provincial government to stop overcharging Albertans by $10 billion a year. There’s plenty of evidence from our own backyard that shows Alberta’s business tax cut will be part of the solution, not … Read moreColumn: Alberta’s business tax cut is part of the solution, not the problem – Franco Terrazzano

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Five Things to Know in World Business Today

By Lorcan Roche Kelly Sep 13, 2019 (Bloomberg) Trade hopes rise again, markets mull the fallout post ECB, and Biden maintains Democratic lead. Here are some of the things people in markets are talking about today. More measures The editor of a state-run Chinese newspaper whose tweets in recent months have accurately presaged moves by Beijing wrote this … Read moreFive Things to Know in World Business Today

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Oil Set for Weekly Drop as IEA Warns OPEC Faces Looming Surplus

By Tsuyoshi Inajima and Alex Longley  Sep 13, 2019 (Bloomberg) Oil was set for a weekly decline as the International Energy Agency warned of a looming supply glut.Futures erased earlier losses in New York on Friday, but were still down 1.9% for the week. Sentiment has been dominated by the challenge facing the Organization of … Read moreOil Set for Weekly Drop as IEA Warns OPEC Faces Looming Surplus

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Rocky Mountain GTL Inc. Secures A $15 Million Term Loan and Awards Contract for the Construction of Canada’s First Commercial Gas-to-Liquids Plant

September 12, 2019 TheNewswire Rocky Mountain GTL Inc. (the “Corporation“) is pleased to announce that it has secured a $15 Million Term Loan with Roynat Capital (a division of Scotiabank) and awards Midwest Construction Group Inc. as general contractor of the Corporation’s Enhanced GTL(R) (EGTL(TM)) plant 60 kilometers east of Calgary, near Carseland, Alberta. Rocky Mountain … Read moreRocky Mountain GTL Inc. Secures A $15 Million Term Loan and Awards Contract for the Construction of Canada’s First Commercial Gas-to-Liquids Plant

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Gibson Energy Announces $500 Million Medium Term Note Offering

September 12, 2019 Globe Newswire CALGARY, Alberta, Sept. 12, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that it has agreed to issue $500 million senior unsecured medium term notes, Series 1 (the “Notes”).  The Notes will have a fixed coupon rate of 3.60% per annum, payable semi-annually, and … Read moreGibson Energy Announces $500 Million Medium Term Note Offering

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COMING OCTOBER 30th – Calgary, Alberta – LEARN HOW TO LEVERAGE DIGITAL MARKETING & SALES AUTOMATION TO GROW YOUR ENERGY SERVICE BUSINESS – Details HERE

LEAD OR BE LEFT BEHIND! LEARN HOW TO LEVERAGE DIGITAL MARKETING & SALES AUTOMATION TO GROW YOUR ENERGY SERVICE BUSINESS REGISTER HERE The energy industry is going digital…fast…not only with new technologies but also with the way customers source information about your company and buy your products and services. In today’s digital world, referrals & … Read moreCOMING OCTOBER 30th – Calgary, Alberta – LEARN HOW TO LEVERAGE DIGITAL MARKETING & SALES AUTOMATION TO GROW YOUR ENERGY SERVICE BUSINESS – Details HERE

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GE begins divestment of Baker Hughes with $2.7 bln share sale

September 11, 2019 Reuters General Electric Co (GE) on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process. The U.S. conglomerate, which will lose majority control of Baker Hughes, said it would … Read moreGE begins divestment of Baker Hughes with $2.7 bln share sale

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U.S. Oil Services Should Get Ready for a Recession, Rystad Warns

By Simon Casey (Bloomberg) The oil services sector will contract in 2020 as producers cut spending in response to lower crude prices, ending three years of growth, according to Rystad Energy.The market will shrink 4% to $621 billion next year from $647 billion in 2019, the research company said Wednesday in a statement.The outlook is based … Read moreU.S. Oil Services Should Get Ready for a Recession, Rystad Warns

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Change of government this election could help Canada’s energy sector: Birchcliff Energy CEO

Jeff Tonken, CEO at Birchcliff Energy joins BNN Bloomberg to provide his thoughts on the state of the energy sector ahead of the Federal Election. He says that a change of government could be a positive for the industry, and that there’s nothing but upside once regulations change.

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PJVA Luncheon: BRETT WILSON: The Lost Art of Critical Thinking – October 10, 2019 at Calgary Petroleum Club – Details & Tickets

When: Date Thursday, October 10, 2019 Time 11:30 am – 1:30 pm Location: The Calgary Petroleum Club 319 – 5 Avenue SW Devonian Room GET TICKETS HERE Topic The Lost Art of Critical Thinking with W. Brett Wilson W. Brett Wilson – “Dragon Emeritus” from CBC’s hit reality TV show Dragons’ Den, recipient of the … Read morePJVA Luncheon: BRETT WILSON: The Lost Art of Critical Thinking – October 10, 2019 at Calgary Petroleum Club – Details & Tickets

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Pembina Pipeline Corporation Announces Closing of $1.5 Billion Public Note Offering

September 12, 2019 CNW CALGARY, Sept. 12, 2019  /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $1.5 billion of senior unsecured medium-term notes (the “Offering”). The Offering was conducted in three tranches consisting of $600 million principal amount of senior unsecured medium-term notes, series … Read morePembina Pipeline Corporation Announces Closing of $1.5 Billion Public Note Offering

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OPEC+ Faces ‘Daunting’ Oil Market Surplus in 2020, IEA Says

By Alex Longley Sep 12, 2019 (Bloomberg) As OPEC and its allies meet in Abu Dhabi, the IEA said it faces a significant challenge in managing the market into 2020.Demand for the group’s crude in the first half of 2020 will be 1.4 million barrels a day below its August output as production surges from their competitors, … Read moreOPEC+ Faces ‘Daunting’ Oil Market Surplus in 2020, IEA Says

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U.S. Beats Saudi Arabia to Become Top Oil Exporter on Shale Boom

By Rakteem Katakey Sep 12, 2019 (Bloomberg) The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more.Surging output from shale helped America ship almost 9 million barrels a day of crude and oil products in June, surpassing Saudi Arabia, … Read moreU.S. Beats Saudi Arabia to Become Top Oil Exporter on Shale Boom

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Oil Slips as OPEC Seen Facing Tough Test to Balance Market

Oil extended declines as the International Energy Agency highlighted the difficulty that OPEC and its allies face in balancing the market. Futures declined as much 2.2% in New York. The Organization of Petroleum Exporting Countries and its friends face a daunting task next year as supply from competitors grows, the IEA said. Following a meeting … Read moreOil Slips as OPEC Seen Facing Tough Test to Balance Market

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Five Things to Know in World Business Today

By Laura Curtis Sep 12, 2019 (Bloomberg) There’s a little progress in the trade war, the ECB decision might actually hold some surprises, and there’s a lot going on in oil. Here are some of the things people in markets are talking about today. Baby steps A collective sigh of relief  was heard around the world … Read moreFive Things to Know in World Business Today

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Enbridge urges Canadian regulator to avoid intervening in pipeline plan

September 11, 2019 Reuters Enbridge Inc called on Canada’s energy regulator on Wednesday to ignore calls from some of its shippers and avoid intervening in the pipeline company’s contentious proposal to revamp contracts on its Mainline network. The written submission to the Canada Energy Regulator (CER) is the latest salvo in a dispute between Calgary-based Enbridge … Read moreEnbridge urges Canadian regulator to avoid intervening in pipeline plan

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TANK LINER LEAKS? Extrusion Welding of Complex Shapes Including Above Ground Lined Tanks – The Problem & the Conclusion: Western Engineered Containment

Western Engineered Containment WEC Logo Feature

Western Engineered Containment  (WEC) is in discussions with a client who is trying to resolve leaks in a series of above ground lined tanks. The current lining method involves fabricating a polyethylene sheet liner into the cylindrical shape of the tank.  As a result, effective seams at the junction of the wall and the circular … Read moreTANK LINER LEAKS? Extrusion Welding of Complex Shapes Including Above Ground Lined Tanks – The Problem & the Conclusion: Western Engineered Containment

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CANADIAN ENERGY SUPPORTERS CAN NO LONGER BE COMPLACENT – Be engaged, ask questions and vote – Deidra Garyk

Deidra Garyk Since the beginning of the collapse in Canadian oil and gas prices, I have often asked myself, “how did we get here?”, and “what happened?”, and “why have prices stayed down for so long?” While I have many theories, I really think a lot has to do with voter complacency. We haven’t demanded … Read moreCANADIAN ENERGY SUPPORTERS CAN NO LONGER BE COMPLACENT – Be engaged, ask questions and vote – Deidra Garyk

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Five Things to Know in World Business Today

By Laura Curtis Sep 11, 2019 China eases up on tariffs, banks count down to ECB, and some surprise M&A action. Here are some of the things people in markets are talking about today. Fish food China is seeking to ease the impact of the trade war by exempting certain U.S. goods from  the 25% tariffs put in place … Read moreFive Things to Know in World Business Today

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OPEC+ Meets in Abu Dhabi With Deeper Cuts Off the Agenda for Now

By Dina Khrennikova, Grant Smith and Nayla Razzouk Sep 11, 2019 (Bloomberg)Ministers from OPEC+ are gathering in Abu Dhabi with deeper production cuts off the agenda for now, but with a backdrop of growing concern about the strength of oil demand as the global economy slows.Crude has lurked in the low $60s for most of … Read moreOPEC+ Meets in Abu Dhabi With Deeper Cuts Off the Agenda for Now

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Oil Rises as Falling U.S. Stockpiles Offset Bolton’s Ouster

By Tsuyoshi Inajima and Alex Longley  Sep 11, 2019 (Bloomberg) Oil rose as industry data showed a decline in American stockpiles, countering speculation that the ouster of U.S. National Security Adviser John Bolton may lead to a less hawkish approach on Iran and Venezuela.Futures added as much as 1.6% in New York, after dipping 0.8% … Read moreOil Rises as Falling U.S. Stockpiles Offset Bolton’s Ouster

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ClearStream receives capital injection and amends Credit Facilities to support growth

September 10, 2019  | Source: ClearStream Energy Services Inc. CALGARY, Alberta, Sept. 10, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) announces that its wholly-owned subsidiary, ClearStream Energy Holdings LP (“CEHLP”), has entered into a first amending agreement with, among others, the Company and Bank of Montreal, as administrative agent, pursuant … Read moreClearStream receives capital injection and amends Credit Facilities to support growth

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WATCH: Gemini Fabrication – One of Alberta’s Largest Fabricators and Packagers of Process Equipment

Gemini Feature Logo 400x270

Gemini has a built a strong reputation for providing high quality fabrication and module assembly services to the Western Canadian energy sector. Through an all-in commitment from every individual on our team, Gemini is determined to work in partnership with clients to deliver quality products from our facility to yours. Gemini is founded on four … Read moreWATCH: Gemini Fabrication – One of Alberta’s Largest Fabricators and Packagers of Process Equipment

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Hy-Lok Canada Invites You To Join Them This September at the Oil Sands Conference and Trade Show

Hy-Lok Logo Feature 1 400x270

Conference season is well under way under way across Canada, with plenty of exciting new developments being announced from innovators in the Oil & Gas, Petrochemical, and Electrical sectors. Hy-Lok Canada is pleased to join the foremost thought leaders and service providers at several events in the coming weeks and invite you to join us … Read moreHy-Lok Canada Invites You To Join Them This September at the Oil Sands Conference and Trade Show

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XI Technologies: September 2019 Expiring Land Report – Are there opportunities for you?

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 in your inbox, subscribe here.  Every few months, we like to take a look at expiring land … Read moreXI Technologies: September 2019 Expiring Land Report – Are there opportunities for you?

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Alberta group with roots in oil & gas industry urges women to get more confident talking about politics

OTTAWA — A group with roots in the oil and gas industry is encouraging women to talk about politics this fall, even if they hold widely different views.
The non-profit organization, called Canada Powered by Women, registered as a third-party advertise…

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Construction of Trans Mountain pipeline expansion still faces hurdles

VANCOUVER — Barbara Gard calls her three-hectare property, nestled below the forested peak of Sumas Mountain, a “miniature Stanley Park.” Its lush trees and flowing creek reminded her of Vancouver’s majestic park, and she immediately knew she wanted t…

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Enbridge investors cheer Mainline overhaul despite Canadian producer protests

September 10, 2019 Reuters Enbridge Inc’s plan to overhaul contracts on its Mainline pipeline system has outraged many Canadian shippers but is cheered by investors who see monetizing existing infrastructure as a safer bet than trying to build new pipelines. The Mainline is North America’s largest pipeline network, transporting nearly 3 million barrels per day, or … Read moreEnbridge investors cheer Mainline overhaul despite Canadian producer protests

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Alberta asks court whether environmental assessment process is constitutional

EDMONTON — The Alberta government has asked the province’s Appeal Court to rule on whether Ottawa’s new way of handling environmental assessments for major construction projects such as pipelines is constitutional.
The government filed its challenge w…

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Point Loma Announces Private Placement Offering of Flow-Through Units and Units for Up to $1.5 Million and Provides Asset Overview Update

September 10, 2019  | Source: Point Loma Resources Ltd. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, Sept. 10, 2019 (GLOBE NEWSWIRE) — Point Loma Resources Ltd. (TSX-V: PLX) (“Point Loma” or the “Corporation“) is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation, … Read morePoint Loma Announces Private Placement Offering of Flow-Through Units and Units for Up to $1.5 Million and Provides Asset Overview Update

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Oil and gas majors sign deal to implement blockchain in Bakken oilfield

September 10, 2019 Reuters A group of oil and gas companies has agreed to begin testing blockchain, a technology at the heart of digital currencies, in a bid to lower administrative costs in their field operations while also reducing payment disputes and chances for fraud. The OOC Oil & Gas Blockchain Consortium, whose members include Chevron … Read moreOil and gas majors sign deal to implement blockchain in Bakken oilfield

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Amnesty ‘deeply concerned’ about Alberta’s plans to fight oil industry foes

CALGARY — Amnesty International says it’s “deeply concerned” about the Alberta government’s plans to fight back against oil and gas industry critics.
Alex Neve, secretary general of the human rights group’s Canadian branch, has written a letter to Alb…

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Schachter Eye on Energy: A pause in the trade war keeps energy prices stable for now

Each week Josef Schachter will give 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 34 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read moreSchachter Eye on Energy: A pause in the trade war keeps energy prices stable for now

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Obsidian Energy Initiates Formal Strategic Alternatives Process

September 10, 2019 CNW CALGARY, Sept. 10, 2019 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces that the Board of Directors (the “Board“) has determined that it is in the best interest of the Company and its stakeholders to initiate a formal process to explore strategic … Read moreObsidian Energy Initiates Formal Strategic Alternatives Process

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Can Canadians still afford to be complacent about Energy Security? – Maureen McCall

by Maureen McCall Last week, the Federal Court of Appeal ruled that six of twelve legal challenges brought by opponents of the Trans Mountain pipeline expansion project would be allowed to proceed – yet another delay for the TMX. Although some see this recent delay as hopeful because it is only of short duration, the … Read moreCan Canadians still afford to be complacent about Energy Security? – Maureen McCall

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He Paid $1.50 an Acre for Barren Texas Land Now Worth $7 Billion

By Austin Weinstein (Bloomberg) So much of the Permian Basin is under production that the lights glowing at night, on well pads and rigs and double-wide trailers, make the place look in NASA satellite photos like a giant Lite Brite. But there’s a spot where the Permian dims. It’s a big one, covering more than … Read moreHe Paid $1.50 an Acre for Barren Texas Land Now Worth $7 Billion

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Five Things to Know in World Business Today

By Lorcan Roche Kelly Sep 10, 2019 (Bloomberg) China opens its markets a little more, U.K. parliament closes for now, and Apple launches a new phone. Here are some of the things people in markets are talking about today. Scrapping limits China removed limits for overseas investment in the country’s stocks and bonds, the latest push by authorities … Read moreFive Things to Know in World Business Today

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Oil Extends Gains Before U.S. Stockpile Data, OPEC+ Meeting

By Alex Longley Sep 10, 2019 (Bloomberg) Oil extended its advance as U.S. stockpiles were estimated to have dropped and OPEC+ members gathered in the United Arab Emirates ahead of meetings this week. Futures rose for a fifth day in New York, the longest run of gains since late July. U.S. crude inventories probably declined … Read moreOil Extends Gains Before U.S. Stockpile Data, OPEC+ Meeting

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Pembina Pipeline Corporation Announces $1.5 Billion Public Note Offering

September 9, 2019 CNW CALGARY, Sept. 9, 2019 /CNW/ – Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $1.5 billion of senior unsecured medium-term notes (the “Offering”).  The Offering will be conducted in three tranches consisting of $600 million in senior unsecured medium-term notes, series 14 (the “Series 14 Notes”) having a fixed coupon of 2.56% per annum, … Read morePembina Pipeline Corporation Announces $1.5 Billion Public Note Offering

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Repsol in advanced talks to buy Exxon assets in Gulf of Mexico -sources

September 9, 2019 Reuters ExxonMobil Gulf of Mexico Rig Spanish oil giant Repsol SA is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp for about $1 billion, three people familiar with the matter said on Monday.The deal would be a boon to Exxon’s plans to accelerate … Read moreRepsol in advanced talks to buy Exxon assets in Gulf of Mexico -sources

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Dalmac Energy Inc. Closing of Sale of Tank Farm Assets and Purchase of Tremcar

September 09, 2019 | Source: Dalmac Energy, Inc. EDMONTON, Alberta, Sept. 09, 2019 (GLOBE NEWSWIRE) — Dalmac Energy Inc. (“Dalmac“) (TSX Venture “DAL“) wishes to announce that, further to the press release issued on April 29, 2019, the sale of its Fox Creek Tank Farm (the “Tank Farm“) to 1175317 Alberta Ltd. (the “Purchaser“), a corporation wholly owned … Read moreDalmac Energy Inc. Closing of Sale of Tank Farm Assets and Purchase of Tremcar

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Suncor to spend $1.4B to replace coke-fired boilers with cogeneration units

CALGARY — Suncor Energy Inc. says it will spend $1.4 billion to replace its coke-fired boilers with two cogeneration units at its oilsands base plant north of Fort McMurray, Alta.
The company says the units will provide steam generation for its extrac…

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Webinar: Effective management of Asset Retirement Obligations (ARO) – September 12th Details HERE

Whether it’s for financial reporting or bank credit redetermination, operators across the WSCB are finding they need to pay closer attention to how they evaluate, make decisions, and report on asset retirement obligations, or ARO. XI Technologies has addressed the stumbling blocks, introduced standardized methodologies, and simplified the ARO process with the industry’s first ARO … Read moreWebinar: Effective management of Asset Retirement Obligations (ARO) – September 12th Details HERE

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Last Chance to Register for PASC Conference 2019 on Monday September 16th – From Paper to Digital: How Technology is Transforming Industry (panel)

From Paper to Digital: How Technology is Transforming Industry (panel) Register Now using Code: ENERGYNOW, to save $25.00 on individual registrations or save $200.00 on the purchase of a corporate table. Register Now For more information and to register visit https://www.petroleumaccountants.com/events/education/ From Paper to Digital: How Technology is Transforming Industry (panel) The Situation – The energy industry … Read moreLast Chance to Register for PASC Conference 2019 on Monday September 16th – From Paper to Digital: How Technology is Transforming Industry (panel)

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Why would the Government sit on its hands and not defend our strategic Canadian asset? – Alberta Senator Doug Black – See his Letter to the Minister of Justice

September 9, 2019 News Release Many Canadians are questioning why the Government would not actively oppose the recent leave to appeal applications respecting the Trans Mountain Pipeline, including Elected Alberta Senator Doug Black who, this morning wrote to the Minister of Justice and Attorney General of Canada, David Lametti seeking answers to this burning question. … Read moreWhy would the Government sit on its hands and not defend our strategic Canadian asset? – Alberta Senator Doug Black – See his Letter to the Minister of Justice

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Alberta opens public submissions for environmentalist foreign funding inquiry

EDMONTON — The Alberta government has started a website to allow people to submit information to its inquiry into foreign funding of environmental groups.
Inquiry commissioner Steve Allan says he is also planning to travel outside the province, with s…

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How Digital Gets Thwarted At Your Workplace – Geoffrey Cann

By Geoffrey Cann Are you charged with introducing some digital changes to some slice of the oil and gas industry? Wondering why it’s not working out so well? The Pressure is Building The oil and gas industry is under a growing set of pressures to modernize how it does business. Institutional investors are asking hard … Read moreHow Digital Gets Thwarted At Your Workplace – Geoffrey Cann

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Five Things to Know in World Business Today

By Lorcan Roche Kelly Sep 9, 2019 (Bloomberg) Some surprisingly good European data, markets look to central banks, and Saudi Arabia has a new oil boss. Here are some of the things people in markets are talking about today. U.K., Germany The British economy saw the immediate threat of recession recede with this morning’s GDP data … Read moreFive Things to Know in World Business Today

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Oil Rises as New Saudi Minister Signals OPEC+ Cuts to Continue

    By Tsuyoshi Inajima Sep 9, 2019 (Bloomberg) Oil rose for a fourth day after Saudi Arabia’s new energy minister signaled that OPEC and its allies will continue with production cuts as the group prepared to gather in Abu Dhabi.Futures added 0.9% after climbing 2.6% last week. Prince Abdulaziz bin Salman, appointed at the … Read moreOil Rises as New Saudi Minister Signals OPEC+ Cuts to Continue

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NXT and Alberta Green Ventures Focus on Contracts in the Middle East

September 06, 2019 | Source: NXT Energy Solutions Inc. CALGARY, Alberta, Sept. 06, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) announces that NXT has expanded its focus in the Middle East and North Africa by advancing $250,000 to Alberta Green Ventures Limited Partnership (“AGV”) to pursue contracts in … Read moreNXT and Alberta Green Ventures Focus on Contracts in the Middle East

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Baytex Provides Corporate Update and Board Appointment

September 09, 2019| Source: Baytex Energy Corp. CALGARY, Alberta, Sept. 09, 2019 (GLOBE NEWSWIRE) — The Board of Directors of Baytex Energy Corp. (TSX, NYSE: BTE) announces a corporate update and board appointment. Corporate Update Strong operating performance has continued across our asset base during the third quarter. Despite the volatility in crude oil prices, we … Read moreBaytex Provides Corporate Update and Board Appointment

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Canada rig count down by 3 to 147, continues to lag behind last year’s total

    September 6, 2019 Canada’s fleet of active drilling rigs decreased by 3 from last week according to data from Baker Hughes. Total drilling count was 147 at September 6. 102 rigs were drilling for oil; 45 for natural gas. Counts are still  below the total  activity levels from one year ago, when 204 … Read moreCanada rig count down by 3 to 147, continues to lag behind last year’s total

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Commentary: It’s 1986 Again as Saudi King Removes Energy Chief: Oil Strategy

By Julian Lee Sep 8, 2019 (Bloomberg) A Saudi ruler replaces his oil minister for failing to deliver high enough prices as demand growth weakens and non-OPEC supply soars. I thought I’d woken up in 1986. My former boss, Sheikh Zaki Yamani, was removed from his role as energy minister by King Fahd that year, … Read moreCommentary: It’s 1986 Again as Saudi King Removes Energy Chief: Oil Strategy

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Saudi Arabia Has a New Energy Minister: What It Means for World Oil

By Anthony DiPaola Sep 8, 2019 (Bloomberg) Saudi Arabia’s King Salman Bin Abdulaziz named his son Prince Abdulaziz as the country’s energy minister, replacing Khalid Al-Falih, who led three years of active OPEC diplomacy to forge a global alliance with producers such as Russia to limit production in order to prop up prices. Will this … Read moreSaudi Arabia Has a New Energy Minister: What It Means for World Oil

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$2 million U.S. gift proves again that “dark money” is mostly on the anti oil and gas development side – Stewart Muir

by Stewart Muir Eyebrows were raised this week when an American group gave $2 million US plus unspecified “expert resources” to Tzeporah Berman, the Vancouver-based campaigner who has made a lucrative career out of working with her U.S.-based advisors to kneecap the Canadian resource economy. Berman’s latest assignment, according to the American group channeling the … Read more$2 million U.S. gift proves again that “dark money” is mostly on the anti oil and gas development side – Stewart Muir

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Canada continues to be the world’s preferred supplier for oil and natural gas: Ipsos international survey

CAPP-logo-feature

     CNW CALGARY, Sept. 6, 2019 /CNW/ – The world wants Canadian oil and natural gas, according to an updated international research survey by Ipsos, conducted on behalf of the Canadian Association of Petroleum Producers (CAPP). In the 2019 Global Energy Pulse, a follow up to its 2017 survey, Ipsos found respondents from 31 countries, chose Canada as their … Read moreCanada continues to be the world’s preferred supplier for oil and natural gas: Ipsos international survey

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Not So Perfect in the Permian: Wall Street Gets Burned by U.S. Oil Patch’s Fire Sales

By Allison McNeely Sep 5, 2019 (Bloomberg) Oil wells jet out of the scrubby, dusty ground in West Texas’ Permian Basin as far as the eye can see. A gas station off Route 285 bustles with workers in boots and baseball caps. Residents fret about the crumbling road, which has been pummeled by trucks barreling in and … Read moreNot So Perfect in the Permian: Wall Street Gets Burned by U.S. Oil Patch’s Fire Sales

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SEPTEMBER 12th – Calgary – The Alberta Blockchain Summit is the featured event of Alberta Blockchain Week. DETAILS & TICKETS HERE

Description The Alberta Blockchain Summit is the featured event of Alberta Blockchain Week. Learn more about Alberta Blockchain Week HERE. In Alberta, people are aware of our energy and agricultural sectors but people are less familiar with our technology sector and its continued emergence. The Alberta Blockchain Consortium (ABC) believes that blockchain technology will empower the next frontier … Read moreSEPTEMBER 12th – Calgary – The Alberta Blockchain Summit is the featured event of Alberta Blockchain Week. DETAILS & TICKETS HERE

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Western Canadian crude inventories decline in August

September 8, 2019 Western Canadian crude oil inventories dropped by 1.2 million barrels in August to total just under 26 million barrels, levels last seen in November 2017, energy information provider Genscape said on Friday. The draw on inventories is good news for Canada’s main oil-producing province Alberta, which this year imposed production curtailments on … Read moreWestern Canadian crude inventories decline in August

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Oil Posts Biggest Weekly Gain Since July on U.S. Fed Reassurance

By Sheela Tobben Sep 6, 2019 (Bloomberg) Oil posted the biggest weekly gain since July as Federal Reserve Chairman Jerome Powell sought to calm fears of a possible recession following a lackluster jobs report that was seen as dimming the demand outlook.Futures in New York rose 0.4% Friday, erasing earlier losses. Powell said the most … Read moreOil Posts Biggest Weekly Gain Since July on U.S. Fed Reassurance

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U.S. oil drillers cut rigs for third week in a row -Baker Hughes

September 6, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row after drilling slowed for nine straight months as independent producers cut spending by about 10% this year. Drillers cut four oil rigs in the week to Sept. 6, bringing the total count down … Read moreU.S. oil drillers cut rigs for third week in a row -Baker Hughes

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Alberta government to review energy regulator, replaces board members

CALGARY — The Alberta government has announced a review of the province’s energy regulator.
Energy Minister Sonya Savage says the review will look at overall changes to the Alberta Energy Regulatory’s mandate, operations and governance.
She says its c…

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Billionaire Li Ka-Shing offered C$12.4 bln for Canada’s Inter Pipeline -Globe and Mail

September 6, 2019 Reuters Canada’s Inter Pipeline Ltd rejected a C$12.4 billion ($9.37 billion) buyout offer from Hong Kong billionaire Li Ka-Shing’s CK Infrastructure Holdings Ltd in July, the Globe and Mail reported late on Thursday, citing sources familiar with the two companies. Inter Pipeline had said previously that it had received a takeover bid in … Read moreBillionaire Li Ka-Shing offered C$12.4 bln for Canada’s Inter Pipeline -Globe and Mail

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Five Things To Know in World Business Today

By Lorcan Roche Kelly Sep 6, 2019 (Bloomberg) It’s jobs day, the bond market awaits Powell’s speech, and China’s central bank eases policy. Here are some of the things people in markets are talking about today. Payrolls If yesterday’s ADP report is any guide, today’s jobs number may surprise to the upside. Nonfarm payrolls are expected to show an increase of … Read moreFive Things To Know in World Business Today

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Oil Drops as Economic Gloom Dents Forecasts for Demand Growth

By Grant Smith and Sharon Cho Sep 6, 2019 (Bloomberg) Oil fell as trade tensions between the U.S. and China worsened the outlook for global demand growth.Futures dropped 2% in New York, erasing all gains for the week. Prices had touched a one-month high on Thursday after American inventories slid by 4.77 million barrels, more … Read moreOil Drops as Economic Gloom Dents Forecasts for Demand Growth

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Pieridae Energy Issues an Update on the Private Placement of Subscription Receipts

September 5, 2019 Globe Newswire CALGARY, Alberta, Sept. 05, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce that Haywood Securities Inc., as sole agent, has confirmed that it has received subscriptions for the placement of 38,637,850 subscription receipts of the Company at a price of $0.86 per subscription receipt … Read morePieridae Energy Issues an Update on the Private Placement of Subscription Receipts

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Enbridge provides update on Canadian Mainline open season process

enbridge-logo-feature

September 5, 2019 Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) provided an update today on the Canadian Mainline open season regulatory process. On August 2, 2019, Enbridge commenced an open season, offering firm capacity on its crude oil Mainline system, effective upon expiry of the Competitive Toll Settlement that is in place until July … Read moreEnbridge provides update on Canadian Mainline open season process

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Dozens of Enbridge oil shippers wade into dispute over proposed pipeline overhaul

September 5, 2019 More than two dozen oil companies wrote to Canada’s energy regulator on Thursday to support or oppose it intervening in Enbridge Inc’s contentious proposal to overhaul shipping contracts on the Mainline pipeline network. The Mainline is North America’s largest pipeline system, shipping around 3 million barrels per day of crude from western … Read moreDozens of Enbridge oil shippers wade into dispute over proposed pipeline overhaul

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REACTION: ‘Outrageous:’ Alberta man told oil and gas shirt not allowed in Senate

CALGARY — An Alberta man wants answers as to why he wasn’t allowed to wear a T-shirt in support of Canadian oil and gas during a visit to the Senate on Parliament Hill.
Conservative Sen. David Tkachuk from Saskatchewan says he has received a copy of a…

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Parkland Acquires Tropic Oil Company, Inc.

Acquisition adds third regional operating center in the United States September 05, 2019 | Source: Parkland Fuel Corporation CALGARY, Alberta, Sept. 05, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”) (TSX:PKI) is pleased to announce that through its U.S. based subsidiaries (collectively, “Parkland USA”), it has entered into an agreement to acquire all … Read moreParkland Acquires Tropic Oil Company, Inc.

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NEXT WEEK! DON’T MISS IT! Alberta Blockchain Week September 9-13th – Calgary, Aberta: DETAILS & TICKETS HERE

ALBERTA BLOCKCHAIN WEEK September 9-13th – Calgary, Aberta This landmark, Calgary events week features renowned speakers providing an in depth look at the latest developments in blockchain applications. This week will showcase the incredible progress emerging from blockchain technologies within our regional ecosystem. Each day of Alberta Blockchain Week highlights an important theme of the … Read moreNEXT WEEK! DON’T MISS IT! Alberta Blockchain Week September 9-13th – Calgary, Aberta: DETAILS & TICKETS HERE

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What Does it Take to Build Successful Blockchain Ecosystem? – Koleya Karringten

by Koleya Karringten Blockchain is a technology that promotes trust, transparency and consensus between parties, so it would seem like it has a clear advantage when it comes to bringing people together in a strong community. In many ways I’ve found that to be true – I believe there is an incredible amount of unity … Read moreWhat Does it Take to Build Successful Blockchain Ecosystem? – Koleya Karringten

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Point Loma Resources Announces Successful 700 boepd Delineation Well Test at Wizard Lake

September 5, 2019 Accesswire Point Loma Resources Ltd. (TSX.V:PLX) (the “Corporation” or “Point Loma”) is pleased to announce production test results for the Wizard Lake HZ 1-8-48-27W4 Rex oil pool delineation well. Highlights Test rate for the Rex horizontal oil well over the last 24 hours of the test period to 3pm September 4, 2019 was … Read morePoint Loma Resources Announces Successful 700 boepd Delineation Well Test at Wizard Lake

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Five Things to Know in World Business Today

By Laura Curtis Sep 5, 2019 Next trade talks are penciled in, Boris Johnson’s very-bad week continues, and Apple Inc. is adding to all that cash. Here are some of the things people in markets are talking about today. Talk about talks “Early October.” That’s when the next face-to-face talks between U.S. and Chinese officials will take place … Read moreFive Things to Know in World Business Today

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Oil Steadies Near $56 as U.S. and China Plan Further Trade Talks

By Sharon Cho and Grant Smith Sep 5, 2019 (Bloomberg) Oil steadied near $56 a barrel as China said it will resume talks with the U.S. to try and resolve a trade impasse that has weighed on global growth and fuel consumption.Futures in New York were little changed after jumping 4.3% Wednesday in the biggest … Read moreOil Steadies Near $56 as U.S. and China Plan Further Trade Talks

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ANGUS REID: Balancing act: Majorities Say Both Climate Action, Oil & Gas Growth Should be Top Priorities for Next Government

Division remains over federal carbon tax, but most want to do more to meet 2030 emission reduction goal September 5, 2019 – It is a debate often styled as “either or”. Either the federal government commits to policies aimed at reducing carbon emissions in order to meet international obligations to battle the effects of climate change or it … Read moreANGUS REID: Balancing act: Majorities Say Both Climate Action, Oil & Gas Growth Should be Top Priorities for Next Government

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Court allows six Trans Mountain appeals focusing on Indigenous consultation

Pipeline pipes are seen at a Trans Mountain facility near Hope, B.C., on August 22, 2019. The Federal Court of Appeal is to reveal today whether a new set of legal challenges to the Trans Mountain pipeline project can proceed. The federal government has twice approved a plan to twin an existing pipeline from Alberta’s … Read moreCourt allows six Trans Mountain appeals focusing on Indigenous consultation

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COMING SEPTEMBER 12th – The Energy Corridor and Canada’s Energy Security- Federal and Provincial Cooperation – PJVA Luncheon – Details & Tickets HERE

PJVA Luncheon Sept 12, 2019 Endless discussions of pipelines, lack of access to new markets, regulatory burden and judicial challenges combined with recent global events have raised concern over Canada’s Energy Security. ” When it comes to oil supply, Canada could be one of the least energy secure countries in the world…Canada, the fourth largest … Read moreCOMING SEPTEMBER 12th – The Energy Corridor and Canada’s Energy Security- Federal and Provincial Cooperation – PJVA Luncheon – Details & Tickets HERE

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Suncor sees increased political risk for Keystone XL oil pipeline

September 4, 2019 Reuters Canada’s second-largest oil producer, Suncor Energy , believes the political situation in the United States has increased the risks to companies counting on construction of TC Energy Corp’s proposed Keystone XL oil pipeline, its chief executive said on Wednesday. A legal fight between TC, previously known as TransCanada, and environmental activists has … Read moreSuncor sees increased political risk for Keystone XL oil pipeline

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No longer the ‘rich kids on the block:’ Alberta finance minister sells restraint

CALGARY — Alberta’s finance minister says the United Conservative government still aims to balance the budget by 2023 but nothing is written in stone — especially with a continued uncertainty over pipelines.
“Certainly within the realm of reasonable e…

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Open Letter to Ottawa – How to Get Barred From Visiting the Senate – William Lacey

Dear Prime Minister, Senators and Honourable MPs, I am writing to you today regarding a recent experience that I had in our nation’s capital. My wife and I travelled out east to drop our youngest child off at university for his first year of engineering. Seeing as this was a fairly long trip, we decided … Read moreOpen Letter to Ottawa – How to Get Barred From Visiting the Senate – William Lacey

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When Management Doesn’t Get Digital Oil and Gas But The Board Does

By Geoffrey Cann I’ve been invited to meet with a senior Board leader from a large oil company, and the topic is digital transformation. The problem? The Board gets it, but not Management. The Board Gets It It is easy to assume that the blocker to digital innovation is the Board. And why not? I imagine that Board members are chosen for a number … Read moreWhen Management Doesn’t Get Digital Oil and Gas But The Board Does

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Encana Announces Final Results of Substantial Issuer Bid

Encana Logo

September 4, 2019 Encana Corporation today announced the final results of its substantial issuer bid (the “Offer”) under which it has accepted to purchase for cancellation 47,333,333 of its common shares (“Shares”) at a purchase price of US$4.50 per Share, for an aggregate purchase price of approximately US$213 million. Shares purchased under the Offer represent … Read moreEncana Announces Final Results of Substantial Issuer Bid

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Five Things to Know in World Business Today

By Laura Curtis and Lorcan Roche Kelly Sep 4, 2019 (Bloomberg) Hong Kong and Italian asset rally, U.K. politics turn messier and central banks send mixed messages. Here are some of the things people in markets are talking about today. MPs Take Control Now that the dust has settled from Prime Minister Boris Johnson’s dramatic Tuesday … Read moreFive Things to Know in World Business Today

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Oil Rises as Tight U.S. Supplies Counter Trade War Pessimism

By Sharon Cho and Alex Longley  Sep 4, 2019 (Bloomberg) Oil rose as a forecast decline in U.S. crude inventories countered pessimism driven by a surprise contraction in American manufacturing and a warning to China from President Donald Trump. Futures in New York climbed as much as 1% after closing 2.1% lower Tuesday. American stockpiles fell for … Read moreOil Rises as Tight U.S. Supplies Counter Trade War Pessimism

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Aramco’s New Chairman Isn’t the Right Man for the Job: Ellen R. Wald

By Ellen R. Wald Sep 4, 2019 (Bloomberg Opinion) The Saudi Arabian monarchy made a major change this week in the leadership of its national oil company, Saudi Aramco. Khalid Al-Falih, the former CEO and current oil minister, was removed  as chairman and replaced by Yasir Al-Rumayyan, the head of Saudi Arabia’s sovereign wealth fund. With the … Read moreAramco’s New Chairman Isn’t the Right Man for the Job: Ellen R. Wald

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Shell Leads Big Oil in the Race to Invest in Clean Energy

By Timothy Abington and Kelly Gilblom Sep 4, 2019 (Bloomberg) Major oil companies are poised to do a record number of clean-energy deals this year, with Royal Dutch Shell Plc leading a group of European companies that are well ahead of their U.S. rivals. The data compiled by BloombergNEF underscore the quickening pace of the … Read moreShell Leads Big Oil in the Race to Invest in Clean Energy

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Advantage Announces Significant Oil Discovery at Progress, Alberta

September 3, 2019 CNW CALGARY, Sept. 3, 2019 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation”) is pleased to announce a significant Montney light oil pool has been discovered and appraised at Progress, Alberta, on the Corporation’s 47 net section block of 100% owned lands.  This discovery elevates the Progress asset to be a primary element of the Corporation’s … Read moreAdvantage Announces Significant Oil Discovery at Progress, Alberta

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XI Technologies: Why you need to pay attention to your non-operated retirement liabilities, and how to do it

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 in your inbox, subscribe here. Asset Retirement Obligations (ARO) only pertain to the operators of wells and … Read moreXI Technologies: Why you need to pay attention to your non-operated retirement liabilities, and how to do it

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HAPPENS TODAY! Federal Court of Appeal to rule on letting pipeline challenges proceed

OTTAWA — The Federal Court of Appeal is to reveal today whether a new set of legal challenges to the Trans Mountain pipeline project can proceed.
The federal government has twice approved a plan to twin an existing pipeline from Alberta’s oilpatch to …

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Crescent Point Announces Sale of Uinta Basin and Non-Core Saskatchewan Assets for Cash Proceeds of $912 Million

September 3, 2019 CNW CALGARY, Sept. 3, 2019 /CNW/ – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) is pleased to announce that it has entered into definitive agreements with select parties to sell its Uinta Basin asset in its entirety and certain southeast Saskatchewan conventional assets for total cash consideration of approximately $912 million. KEY … Read moreCrescent Point Announces Sale of Uinta Basin and Non-Core Saskatchewan Assets for Cash Proceeds of $912 Million

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Foreign share of oilsands production falls from 33% to 16%, analysis shows

CALGARY — When it comes to talking about how the northern Alberta oilsands have lost their lustre for foreign investors, Satoshi Abe sounds a lot like his Canadian counterparts.
“I think Canada itself creates significant barriers to new investment,” s…

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COMING SEPTEMBER 12th! Is an Energy Corridor for Pipelines, Rail and Power Infrastructure the key to growth for the Canadian energy sector and ultimately Canadian prosperity?

As an investigation of the opportunities the Corridor concept may create, the Petroleum Joint Venture Association has brought Kevin Birn of IHS Markit and G. Kent Fellows of U of C’s School of Public Policy together with Alberta’s Associate Minister of Natural Gas, Dale Nally and for a federal perspective, Greg McLean of Criterium Merchant … Read moreCOMING SEPTEMBER 12th! Is an Energy Corridor for Pipelines, Rail and Power Infrastructure the key to growth for the Canadian energy sector and ultimately Canadian prosperity?

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Enbridge reaches agreement with shippers for Line 3 pipeline placement in Canada

August 30, 2019 Reuters Enbridge Inc on Friday said it reached an agreement with shippers to place the Canadian portion of the Line 3 replacement pipeline into service by the end of this year. Enbridge will be filing a tariff with the Canadian energy regulator for a temporary surcharge with a proposed effective date of Dec. … Read moreEnbridge reaches agreement with shippers for Line 3 pipeline placement in Canada

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Oil Slides Again as Trade War Pressures Outlook for Demand

By Sharon Cho and Grant Smith Sep 3, 2019 (Bloomberg) Oil held losses as the U.S. and China’s inability to agree on a schedule for talks deepened concern that their ongoing trade clash will further erode fuel demand.Brent futures for November slipped 0.7% in London after dropping 1% on Monday. Chinese and U.S. officials have yet … Read moreOil Slides Again as Trade War Pressures Outlook for Demand

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Five Things to Know in World Business Today

By Lorcan Roche Kelly Sep 3, 2019 (Bloomberg) Trade worries increase again, it’s all kicking off in the UK, and Dorian slowly moves toward the U.S. Here are some of the things people in markets are talking about today. Setting a date Chinese and U.S. officials are having difficulty agreeing a date for the next round of trade … Read moreFive Things to Know in World Business Today

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Alberta coal mine reclamation project to provide green energy source

Alberta Innovates invests in multi-partner, public-private collaboration September 03, 2019 | Source: Alberta Innovates photo-release Land reclamation site at Paintearth Mine near Forestburg, Alta. Willow plant Edmonton, Alberta, Canada, Sept. 03, 2019 (GLOBE NEWSWIRE) — Alberta Innovates is joining federal, provincial, municipal and industry partners in contributing to a unique clean technology demonstration project to reclaim land … Read moreAlberta coal mine reclamation project to provide green energy source

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Chinese companies commit to oilsands despite setbacks and poor operating results

CALGARY — While some European and U.S. companies cut their exposure to the Canadian oilsands, China’s Big Three oil giants — CNOOC, PetroChina and Sinopec — seem content to let their bets ride even if the results haven’t been spectacular.
In 2018, Pet…

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Canada Weekly Rig Count Up 11 for Week Ending August 30, 2019

Canada’s drilling rig count is up 11 actively drilling rigs according to data collected by Baker Hughes for the week ending August 30, 2019 From one week ago, Alberta rig counts increased 2 to 96 and the Saskatchewan rig count increased 8 to 40. Oil drilling increased 10 to 105 and gas increased 1 to … Read moreCanada Weekly Rig Count Up 11 for Week Ending August 30, 2019

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Piling Boot Failures? Finally, a Permanent Solution! – Western Engineered Containment

Western Engineered Containment WEC Logo Feature

  Dave Martin. P. Eng., Quantum Technical Services Ltd. Mike Smith P. Eng., Western Engineered Containment Ltd. Comparison of Penetration Sealing Techniques for Polyethylene and Spray Applied Polyurea Geomembranes and Vapour Barriers – Western Engineered Containment Abstract: Sealing around penetrations remains a source of concern when designing a geomembrane containment or soil gas barrier.  In … Read morePiling Boot Failures? Finally, a Permanent Solution! – Western Engineered Containment

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Oil Falls as Deepening Trade War Stokes Growth Concerns

By Sharon Cho and Grant Smith Sep 2, 2019 (Bloomberg) Oil fell again Monday after its first monthly decline since May as a deepening trade war further stoked fears that fading global economic growth will hurt fuel demand.Futures dropped to trade near $55 a barrel in New York, having lost 5.9% in August. U.S. tariffs on a … Read moreOil Falls as Deepening Trade War Stokes Growth Concerns

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OPEC Output Rises for First Time Since Start of 2019 Cuts

By Grant Smith Sep 2, 2019 (Bloomberg) OPEC’s crude production rose last month, the first increase since the group and its allies started a new round of output cutbacks at the start of the year to shore up a weak global market. Nigeria and Saudi Arabia led the boost by the Organization of Petroleum Exporting … Read moreOPEC Output Rises for First Time Since Start of 2019 Cuts

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Here Comes the Worst Month for Canada Stocks After Wild August

By Divya Balji and Aoyon Ashraf (Bloomberg) After enduring a bumpy ride in August, investors in Canadian stocks need to brace for more volatility in September, typically the worst month of the year for equities.In the past 10 years, the S&P/TSX Composite Index has dropped an average 1.5% in September, as the end of summer, … Read moreHere Comes the Worst Month for Canada Stocks After Wild August

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Husky says Superior refinery rebuild to begin in 2019 fall

Husky says Superior refinery rebuild to begin in 2019 fall August 30, 2019 Reuters Husky Energy Inc on Friday said its Superior, Wisconsin, refinery is making steady progress in its plans to return to full operations, with the rebuild activity expected to begin in the fall of 2019, pending regulatory approvals.Demolition work is underway at the … Read moreHusky says Superior refinery rebuild to begin in 2019 fall

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WATCH: Sign Longevity 101, Liquid Lamination VS Non Lamination – IDENT Oil & Gas Signage

IDENT Feature

So you’ve started a new project, and now it’s time to order some signage. Lamination is an important thing to consider for any type of printed product, such as signs, vehicle wraps and everything in between. It’s a good idea to laminate any printed product that will be exposed to outside elements such as wind, … Read moreWATCH: Sign Longevity 101, Liquid Lamination VS Non Lamination – IDENT Oil & Gas Signage

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Schachter Eye on Energy: Crude oil gets a respite before the fall commercial storage build

Each week Josef Schachter will give 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 34 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read moreSchachter Eye on Energy: Crude oil gets a respite before the fall commercial storage build

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Future Proof Your Career With The Digital Basics – Geoffrey Cann: Invest in the Basics of Digital!

By Geoffrey Cann Are you wondering if you should invest any of your valuable time and money for some training on the basics of digital? Getting Smart on Digital The first challenge people working in oil and gas face in addressing digital changes in the industry, their companies and their jobsis to gain a basic understanding of digital. You need the basics just to sort fact from fiction, to anticipate what’s hot and what’s not, and to position yourself, your … Read moreFuture Proof Your Career With The Digital Basics – Geoffrey Cann: Invest in the Basics of Digital!

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Save money, increase productivity and improve compliance with Osprey’s cloud based remote visual inspections and monitoring solution.

Osprey Logo - December 2018 Update Feature

Osprey Reach enables you to manage and access all your assets remotely through a single application With Osprey Reach, companies can increase productivity through virtual asset inspections, improve HSE compliance with automated leak and safety monitoring, as well as strengthen security and accountability through proactive activity detection and exception-based alerting at remote sites. Find out … Read moreSave money, increase productivity and improve compliance with Osprey’s cloud based remote visual inspections and monitoring solution.

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U.S. methane regulation reversal widens its competitive advantage, says CAPP CEO

CALGARY — A U.S. proposal to ease regulations aimed at cutting methane emissions will create another competitive advantage for American producers over Canadians, the CEO of the Canadian Association of Petroleum Producers says.
On Thursday, the U.S. En…

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Supreme Court rejects Saskatchewan’s request to delay carbon tax appeal

REGINA — Saskatchewan says the Supreme Court of Canada has denied the province’s request to delay its appeal hearing over the carbon tax.
The province says the Supreme Court recently issued an order stating the hearing remain tentatively set for Jan.1…

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U.S. oil drillers cut rigs for ninth month to least since Jan 2018: Baker Hughes

(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating, with the rig count declining for the ninth straight month to its lowest since January last year as most producers cut spending on new drilling this year. Drillers cut 12 oil rigs in the week to Aug. 30, bringing the total … Read moreU.S. oil drillers cut rigs for ninth month to least since Jan 2018: Baker Hughes

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Prospera Energy Inc. reports Q2 results 2019

August 29, 2019  Accesswire Prospera Energy Inc. (TSXV:PEI)(FRA:OF6A) (“Prospera”, the “Corporation”) is pleased to announce its financial and operating results for the six months ended June 30, 2019. The condensed interim financial statements, and related management’s discussion and analysis (“MD&A”) will be available at www.sedar.comand www.prosperaenergy.com. OPERATION AND FINANCIAL SUMMARY The Corporation’s oil and gas revenues have … Read moreProspera Energy Inc. reports Q2 results 2019

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