Sign Up for FREE Daily Energy News
 
BREAKING NEWS:
WEC - Western Engineered Containment
Copper Tip Energy Services
Hazloc Heaters
Copper Tip Energy
WEC - Western Engineered Containment
Hazloc Heaters

Oil Storage Tanks Are Filling Up, Making Production Cuts ‘Inevitable’ in Canada

By Michael Bellusci Apr 1, 2020 (Bloomberg) Rock-bottom prices for Canadian oil and a lack of demand are setting the stage for “inevitable” production cuts, according to Goldman Sachs, which says the industry could run out of storage space within weeks. Landlocked Canadian crude could see prices go negative — meaning producers would pay customers to take … Read moreOil Storage Tanks Are Filling Up, Making Production Cuts ‘Inevitable’ in Canada

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Pacbrake Company
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.

Perpetual Energy Inc. Announces Strategic Transaction, Credit Facility Update and 2020 Outlook

April 1, 2020 CNW CALGARY – (TSX: PMT) Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to announce that it has sold a 50% working interest in its East Edson property for consideration consisting of $35 million in cash and the carried interest funding of the Company’s remaining 50% working interest share in an eight-well drilling program (the “East Edson Transaction”). Concurrent … Read morePerpetual Energy Inc. Announces Strategic Transaction, Credit Facility Update and 2020 Outlook

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Fusion Production Systems Inc
Pacbrake Company
Enverus
Clear Glycol Inc.

Briko Energy Announces its 2019 Year-End Reserves and Complementary Acquisition Update

April 1, 2020 Newsfile Calgary, Alberta – Briko Energy Corp. (“Briko” or the “Corporation”) is pleased to announce its 2019 year-end reserves and Complementary Acquisition update. 2019 Reserve Highlights Proved (“1P”) reserves increased 6% to 2.4 million barrels of oil equivalent (“BOE”) at December 31, 2019 compared to 2.3 million BOE at December 31, 2018; Proved … Read moreBriko Energy Announces its 2019 Year-End Reserves and Complementary Acquisition Update

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Fusion Production Systems Inc
Pacbrake Company
Enverus
Clear Glycol Inc.

CAODC calls Alberta Government investment in Keystone XL a “shot of adrenalin”.

The Canadian Association of Oilwell Drilling Contractors believes the Alberta Government’s $1.5 billion investment in the Keystone XL pipeline and $6 billion loan guarantee for TC Energy to backstop the project are a shot of adrenalin for Canada’s struggling oil and gas sector. It is expected that the injection of funds from the province will … Read moreCAODC calls Alberta Government investment in Keystone XL a “shot of adrenalin”.

New SHOWCASE Directory Companies

 

DTN
Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus
Pacbrake Company

Five Things to Know in World Business Today

By Lorcan Roche Kelly Apr 1, 2020 (Bloomberg) Trump warns of painful two weeks, bank shares slump on dividend halt, and Saudi Arabia moves ahead on plan to flood oil market. Here are some of the things people in markets are talking about today. Reality sets in There was a notable change in tone from President Donald Trump when he addressed … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Pacbrake Company
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.

PETRUS RESOURCES ANNOUNCES TERMINATION OF PREVIOUSLY ANNOUNCED DISPOSITION AND OPERATIONS UPDATE

April 01, 2020 | Source: Petrus Resources Ltd. CALGARY, Alberta, April 01, 2020 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX:  PRQ) announces the termination of its previously announced disposition of its oil and natural gas interests in the Foothills area (the “Disposition”). Petrus has been advised in writing by the purchaser that … Read morePETRUS RESOURCES ANNOUNCES TERMINATION OF PREVIOUSLY ANNOUNCED DISPOSITION AND OPERATIONS UPDATE

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Catch Engineering
DTN
Pacbrake Company
Clear Glycol Inc.
Enverus
Fusion Production Systems Inc

Trump Says World’s Biggest Oil Producers to Meet on Market Crash

By Justin Sink and Brian Eckhouse Apr 1, 2020 (Bloomberg) President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of stanching an historic plunge in oil prices.Trump, speaking at the White House Tuesday, said he’s raised the issue in conversations with Russian President Vladimir Putin and Saudi Crown Prince … Read moreTrump Says World’s Biggest Oil Producers to Meet on Market Crash

New SHOWCASE Directory Companies

 

Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.
Enverus

Oil Holds Above $20 as Saudi Output Surges, Russia’s Won’t Rise

Oil-Prices

By Alex Longley  Apr 1, 2020 (Bloomberg)  Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.Crude futures in New York were little changed Wednesday, following a record decline in the first quarter. While state-run Aramco’s oil supply … Read moreOil Holds Above $20 as Saudi Output Surges, Russia’s Won’t Rise

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Catch Engineering
Clear Glycol Inc.
Pacbrake Company
Enverus
Fusion Production Systems Inc

Hit by Twin Shocks, Canadian Markets Face Treacherous Recovery

By Divya Balji, Susanne Barton and Paula Sambo  Apr 1, 2020 (Bloomberg)In a span of about six weeks, Canadian stocks posted their swiftest ever descent from bull to bear market, the loonie tumbled, corporate credit spreads sprang to the widest since 2009 and liquidity all but vanished at times. The head-spinning quarter has left Canadian … Read moreHit by Twin Shocks, Canadian Markets Face Treacherous Recovery

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Hy-Lok Distribution Inc
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company

Westech Industrial: Essential Services Announcement for Ontario and Quebec

Westech Feature Logo 400x270

Essential Services Dear Valued Customers and Partners, Following the announcements made on March 23, 2020, by the Ontario and Quebec governments in regards to the closure of all non-essential businesses, Westech can confirm that we will continue to operate and remain open to serve our customers who are considered essential services. As a product and … Read moreWestech Industrial: Essential Services Announcement for Ontario and Quebec

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Catch Engineering
DTN
Pacbrake Company
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc

An Overview on Acoustic Emission Testing – Stress Engineering Services

Stress Engineering Feature Logo 400x270

When materials are cracking, deforming or otherwise becoming damaged, they produce a kind of sound. Sometimes, these sounds are loud and obvious. Other times, they are much more subtle, and to detect them, you need to use specialized equipment. Detecting these subtler sounds through acoustic emission testing (AET) can reveal cracks and other defects that are forming … Read moreAn Overview on Acoustic Emission Testing – Stress Engineering Services

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Clear Glycol Inc.
Enverus
Pacbrake Company
Fusion Production Systems Inc

KPMG: Resilience in Energy – Collective action to weather the storm.

KPMG Logo

By Michael McKerracher, Partner, National Industry Leader, Energy and Natural Resources KPMG in Canada These are unprecedented times!  Our industry has some unparalleled obstacles to overcome.  The COVID19 pandemic is creating remarkable demand destruction, which is something I have not seen in my 30 years in the industry.  In addition, the breakdown of OPEC+ has … Read moreKPMG: Resilience in Energy – Collective action to weather the storm.

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company

XI Technologies: What can the oil and gas industry do while waiting for the next “new normal”?

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here.  With our industry currently dealing with the dual challenges of physical distancing due … Read moreXI Technologies: What can the oil and gas industry do while waiting for the next “new normal”?

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Enverus
Clear Glycol Inc.
Pacbrake Company
Fusion Production Systems Inc

Alberta pipeline spending shows need to fix Canada’s regulatory system: Taxpayers Federation – CTF

Tuesday, March 31, 2020 Calgary, AB: The Canadian Taxpayers Federation is highlighting the need to fix Canada’s regulatory system so job creators can build pipelines without relying on taxpayers. “Politicians needs to get their act together so we can get big projects built and taxpayers aren’t put on the hook for pipelines,” said Franco Terrazzano, Alberta … Read moreAlberta pipeline spending shows need to fix Canada’s regulatory system: Taxpayers Federation – CTF

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Pacbrake Company
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.

The Shift to Digital Marketing to Survive COVID-19: See EnergyNow’s Reduced Pricing, Extended Coverage & Digital Support! – Click HERE for Details

“Social Distancing” Does Not Mean “Business Distancing” THE TIME IS NOW to Ensure Your Marketing  Strategy Includes a Strong Digital Marketing Presence! Keep Your Company in Sight & Relevant, Not Out-of-Mind! THE WORLD HAS CHANGED QUICKLY! In just a few short weeks (and well into the foreseeable future), a strong digital marketing presence just became … Read moreThe Shift to Digital Marketing to Survive COVID-19: See EnergyNow’s Reduced Pricing, Extended Coverage & Digital Support! – Click HERE for Details

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
DTN
Pacbrake Company
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.

OPEC rift widens as group fails to set date for emergency talks

March 31, 2020  Reuters A rift in the Organization of the Petroleum Exporting Countries (OPEC) has widened after members failed to agree unanimously on an emergency low-level meeting to discuss a market collapse that has seen global oil prices hit 18-year lows.OPEC president Algeria, which has been instrumental in organising the producer group’s efforts to … Read moreOPEC rift widens as group fails to set date for emergency talks

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
DTN
Catch Engineering
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company
Enverus

Unifor unable to accept the Co-op Refinery final offer

March 31, 2020 CNW REGINA – After carefully analyzing the final offer tabled on March 30, 2020 by Co-op Refinery, the Unifor Local 594 Bargaining Committee is recommending the membership reject the offer when the forced final vote is conducted by the Saskatchewan Labour Board. The Co-op’s latest final offer, their second in five days, includes new concessions … Read moreUnifor unable to accept the Co-op Refinery final offer

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Pacbrake Company
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus

Statement by Minister Seamus O’Regan Following the Announcement by TC Energy of a Final Investment Decision for the Keystone XL Project

March 31, 2020 CNW OTTAWA, March 31, 2020 /CNW/ – Today, Canada’s Minister of Natural Resources, the Honourable Seamus O’Regan, released this statement following the announcement by TC Energy of a final investment decision for the Keystone XL project: “This is good news for our oil and gas industry. It comes at a time when the industry needs it. It means thousands … Read moreStatement by Minister Seamus O’Regan Following the Announcement by TC Energy of a Final Investment Decision for the Keystone XL Project

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company
Enverus

CAODC applauds the Federal Government for its wage support announcement.

The Canadian Association of Oilwell Drilling Contractors applauds the Government of Canada for its wage support announcement of a 75 percent wage subsidy for drilling and well-servicing businesses. The program will help oilfield service companies keep Canadians employed through the COVID-19 pandemic. Canada’s oil and gas service sector is facing a crisis, unlike anything ever … Read moreCAODC applauds the Federal Government for its wage support announcement.

New SHOWCASE Directory Companies

 

Catch Engineering
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
DTN
Clear Glycol Inc.
Enverus
Pacbrake Company
Fusion Production Systems Inc

Five Things to Know in World Business Today

By Lorcan Roche Kelly Mar 31, 2020 (Bloomberg) Congress looks to another stimulus package, economic forecasts worsen, and some relief for oil. Here are some of the things people in markets are talking about today. Ready to do more The White House and congressional Democrats are preparing for another round of economic stimulus to get the U.S. through the virus … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

Catch Engineering
Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company
Enverus

Saudis Start to Unleash Oil Wave Despite U.S. Political Pressure

By Javier Blas and Brian Wingfield  Mar 31, 2020 (Bloomberg)Saudi Arabia has made good on its pledge to ramp up oil exports in April, with a first wave of crude already on its way toward Europe and the U.S., a clear sign the oil price war remains in full swing.The kingdom has loaded several of … Read moreSaudis Start to Unleash Oil Wave Despite U.S. Political Pressure

New SHOWCASE Directory Companies

 

DTN
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
Clear Glycol Inc.
Pacbrake Company
Enverus
Fusion Production Systems Inc

Trump and Putin Are All Talk on Oil Price Plunge: Julian Lee

By Julian Lee Mar 31, 2020 (Bloomberg Opinion) Well there’s a surprise. During a telephone conversation on Monday, Presidents Donald Trump and Vladimir Putin “agreed on the importance of stability in global energy markets.” However, it’s very unlikely either will go beyond extolling stability and waiting for (or pressuring) somebody else to do something about it.According to the Kremlin, energy officials from … Read moreTrump and Putin Are All Talk on Oil Price Plunge: Julian Lee

New SHOWCASE Directory Companies

 

Catch Engineering
DTN
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Pacbrake Company
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.

From Oil Roughneck to Cowboy, Alberta Workers Consider Career Change

By Jen Skerritt and Kevin Orland Mar 30, 2020 (Bloomberg)One month ago, nobody responded to Nicki Murray’s help-wanted ad for truckers to unload goods at Alberta’s feedlots. Now, she’s getting half a dozen responses a week. “Obviously, people are needing or wanting more work,” said Murray, owner of JF Murray Farms in Picture Butte, Alberta. … Read moreFrom Oil Roughneck to Cowboy, Alberta Workers Consider Career Change

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Hy-Lok Distribution Inc
Pacbrake Company
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.

Oil Heads for Worst Quarter Ever as Real Crude Prices Plunge

Oil-Prices

By Sharon Cho and Alex Longley  Mar 31, 2020 (Bloomberg)Oil clawed back some losses as Chinese manufacturing data beat expectations, but futures were still heading for the worst quarter on record as the physical market showed further signs of collapse. Futures in New York were higher on Tuesday but crude is still down 65% since the end … Read moreOil Heads for Worst Quarter Ever as Real Crude Prices Plunge

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Pacbrake Company
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.

FieldCap Announces a SPECIAL OFFER to Help Service Companies Transition Quickly to Web-Based Ticketing While Their Staff and Customers Work Remotely

FC_Logo

Stating the obvious – these are crazy times. For most of us, unprecedented times. Times where we need to rely upon and be open to the strength and commitment of our communities to carry us forward. As we try to comprehend and process the current state of affairs facing the world and our industry we … Read moreFieldCap Announces a SPECIAL OFFER to Help Service Companies Transition Quickly to Web-Based Ticketing While Their Staff and Customers Work Remotely

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Pacbrake Company
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc

TC Energy to Build Keystone XL Pipeline – Thousands of New Jobs, Billions in Economic Stimulus and Enhanced North American Energy Security

Construction will lead to thousands of new jobs, billions in economic stimulus and enhanced North American energy security March 31, 2020 | Source: TC Energy Corporation CALGARY, Alberta and HOUSTON, March 31, 2020 (GLOBE NEWSWIRE) — – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it will proceed with … Read moreTC Energy to Build Keystone XL Pipeline – Thousands of New Jobs, Billions in Economic Stimulus and Enhanced North American Energy Security

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Enverus
Pacbrake Company
Fusion Production Systems Inc
Clear Glycol Inc.

Gemini Fabrication: Price, Delivery, Safety, Quality – A team you can count on; A product you can trust

Gemini Feature Logo 400x270

Alberta’s #1 fabricator and packager of process equipment Gemini Fabrication is excited to announce a brand new website. We have been hard at work to provide an online experience that sets us apart and showcases Gemini’s commitment to providing value on your next project.   Gemini has a built a strong reputation for providing high … Read moreGemini Fabrication: Price, Delivery, Safety, Quality – A team you can count on; A product you can trust

New SHOWCASE Directory Companies

 

Catch Engineering
Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Enverus
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.

FORTRESS NORTH AMERICA: This is Why We Need a Floor Price for Oil – David Yager

March 30, 2020 By David Yager It is now clear that sometime in the second quarter the world’s oil industry will be facing the most difficult financial challenge in its existence. Storage will be full, production will exceed demand by 10 million barrels per day or more, and unhedged production will only fetch a fraction … Read moreFORTRESS NORTH AMERICA: This is Why We Need a Floor Price for Oil – David Yager

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
DTN
Fusion Production Systems Inc
Enverus
Pacbrake Company
Clear Glycol Inc.

The Petroleum Services Association of Canada Announces Interim President and CEO

PSAC_Feature

Gary Mar resigns from PSAC effective April 15, 2020 CALGARY, AB, March 30, 2020 – The Petroleum Services Association of Canada (PSAC) announces today that Gary Mar has resigned as President and CEO of the Association, effective April 15, 2020 to accept a position in another organization. “In the interim, Senior Vice President Elizabeth Aquin … Read moreThe Petroleum Services Association of Canada Announces Interim President and CEO

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
Enverus
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc

Obsidian Energy Announces Completion of Agreements with our Banking Syndicate, Noteholders and Landlord

March 29, 2020 CNW CALGARY – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce completion of agreements with our lenders and building landlord. All figures are in Canadian dollars unless otherwise stated. Further to our recent announcements, the Company has executed final agreements resulting … Read moreObsidian Energy Announces Completion of Agreements with our Banking Syndicate, Noteholders and Landlord

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Enverus
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.

Inter Pipeline Announces Reduction to Monthly Cash Dividend, Suspension of Dividend Reinvestment Plan and Business Update

March 30, 2020 CNW CALGARY – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today measures to provide greater financial strength and flexibility for its capital program in response to the significant decrease in global energy prices and the COVID-19 pandemic. In summary, these measures include: Dividend reduction of 72% Suspension of the Premium DividendTM and Dividend Reinvestment Plan … Read moreInter Pipeline Announces Reduction to Monthly Cash Dividend, Suspension of Dividend Reinvestment Plan and Business Update

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
DTN
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company

Taxpayers Federation calls for a freeze on carbon tax and other taxes

Monday, March 30, 2020 Tax relief must form a key part of governments’ economic rescue efforts Tax hikes should be postponed for the duration of coronavirus crisis, including the planned federal carbon tax hike scheduled for April 1 Federal parliamentarians should also donate pay hike coming into effect for April 1 OTTAWA, ON: The Canadian … Read moreTaxpayers Federation calls for a freeze on carbon tax and other taxes

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus

Alberta’s energy war room to spend only on ‘subsistence operations’ due to COVID-19

EDMONTON — Alberta’s $30-million-a-year energy war room is drastically cutting its budget due to COVID-19.
The province announced late Monday that the Canadian Energy Centre is reducing its current operating budget by 90 per cent in order to “reflect …

New SHOWCASE Directory Companies

 

DTN
Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company
Enverus

Oilsands producers in the red as blended bitumen price dips below $4 per barrel

CALGARY — Oilsands producers are likely losing money or barely breaking even as prices for Western Canadian Select bitumen-blend crude dipped as low as US$3.82 per barrel on Monday, analysts said.
Realized prices for bitumen likely crossed into negati…

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Catch Engineering
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus
Pacbrake Company

Point Loma Resources Announces Termination of Further Closings of the Wizard Lake Property Disposition

March 30, 2020 CALGARY – Point Loma Resources Ltd. (TSX-V:PLX) (“Point Loma” or the “Corporation“) announces the termination of further closing steps in the previously announced disposition of the Wizard Lake Property. Termination of Purchase and Sale Agreement (“PSA”) Further to the Corporation’s press release on December 17, 2019, the Corporation has been advised in writing … Read morePoint Loma Resources Announces Termination of Further Closings of the Wizard Lake Property Disposition

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Enverus
Pacbrake Company
Fusion Production Systems Inc
Clear Glycol Inc.

Five Things to Know in World Business Today

By Lorcan Roche Kelly Mar 30, 2020 (Bloomberg) Trump extends virus guidance to end of April, countries add more stimulus, and the oil market is just broken. Here are some of the things people in markets are talking about today. Changing plans President Donald Trump abandoned his goal to reopen the U.S. economy in two weeks time, … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Clear Glycol Inc.
Pacbrake Company
Enverus
Fusion Production Systems Inc

Oil Plummets to 17-Year Low as Broken Market Drowns in Crude

By Alex Longley  Mar 30, 2020 (Bloomberg)Oil tumbled to a 17-year low as coronavirus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and a ballooning surplus.Futures in London fell as much as 9.4% to the lowest since November 2002, while New York crude briefly dipped below $20 a barrel. … Read moreOil Plummets to 17-Year Low as Broken Market Drowns in Crude

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
DTN
Catch Engineering
Clear Glycol Inc.
Pacbrake Company
Fusion Production Systems Inc
Enverus

TOSCANA ENERGY ENTERS INTO AN OPTION AGREEMENT WITH i3 ENERGY PLC, AND ANNOUNCES THE ASSIGNMENT OF ITS SENIOR BANK DEBT AND SUBORDINATED NOTE AND THE RELEASE OF ITS FOURTH QUARTER AND YEAR END 2019 RESULTS

March 30, 2020 02:01 ET | Source: Toscana Energy Income Corporation CALGARY, Alberta, March 30, 2020 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Company“) (TSX:TEI) is pleased to announce that the Company has entered into an option agreement (the “Option Agreement“) with i3 Energy plc (“i3 Energy“), an AIM-listed oil and gas company with … Read moreTOSCANA ENERGY ENTERS INTO AN OPTION AGREEMENT WITH i3 ENERGY PLC, AND ANNOUNCES THE ASSIGNMENT OF ITS SENIOR BANK DEBT AND SUBORDINATED NOTE AND THE RELEASE OF ITS FOURTH QUARTER AND YEAR END 2019 RESULTS

New SHOWCASE Directory Companies

 

Catch Engineering
Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Pacbrake Company
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc

Parkland provides business update related to COVID-19

March 30, 2020 07:18 ET | Source: Parkland Fuel Corporation CALGARY, Alberta, March 30, 2020 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) announced today in response to the uncertain economic impact of novel coronavirus (“COVID-19”): a reduction in its 2020 Capital Expenditure program, the withdrawal of its 2020 Adjusted EBITDA guidance, reiteration … Read moreParkland provides business update related to COVID-19

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Enverus
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc

Trends Impacting Directors’ & Officers’ Liability in 2020 – Iridium Risk Services

18-04-30 Navacord_Iridium_Logo_CMYK

C-Suite and Board of Directors around the world are being tested as they navigate through uncertain times. COVID-19 and other trends are being discussed to determine their impact on the organization. Consider your Directors and Officers Liability program and its ability to respond to each of these trends. Download the 2020 D&O Trends Report As you review … Read moreTrends Impacting Directors’ & Officers’ Liability in 2020 – Iridium Risk Services

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Clear Glycol Inc.
Enverus
Pacbrake Company
Fusion Production Systems Inc

Minimizing the Maintenance of Inerting Systems

Westech Feature Logo 400x270

Controlling the oxygen level in safety-relevant applications can be significantly improved with in situ systems based around tunable diode laser (TDL) sensors. In situ TDLs not only avoid all the drawbacks of conditioning and sampling systems, they also allow fast measurement where it matters most – directly in the process line or vessel. Often, these … Read moreMinimizing the Maintenance of Inerting Systems

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Catch Engineering
DTN
Clear Glycol Inc.
Pacbrake Company
Enverus
Fusion Production Systems Inc

Managing COVID-19: Important Resources for Energy Companies

BDO Featured Image

When we feel a global impact like the one from novel coronavirus (COVID-19), we need to be prepared to adapt and keep every aspect of your business safe—from pivoting immediately to formulating long-term strategies for success. Above all, the people driving your businesses are priority. BDO teams across the country are proactively engaged and rapidly … Read moreManaging COVID-19: Important Resources for Energy Companies

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Enverus
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.

WEBINAR April 2: Top 6 Tools for Working Remotely

How to keep your team productive while working remotely How To Work Remotely It seems that the entire world is adjusting to the new normal of working from home. At Aimsio we’ve had a work from home policy in place for years, meaning we’ve tried and tested all sorts of remote working tools. Join us … Read moreWEBINAR April 2: Top 6 Tools for Working Remotely

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Clear Glycol Inc.
Enverus
Pacbrake Company
Fusion Production Systems Inc

Osperity Launches a New All-In-One Solution “OMNI” to Help Companies in the Energy Industry to Manage Their Remote Assets Safely and More Efficiently

Osperity Feature Logo 400x270

Osperity’s all-in-one OMNI solution empowers organizations to remotely monitor and inspect industrial sites & assets with visual AI-driven event detection and exception-based alerting. OMNI – Only a Low $125 Per Month Click here to see the benefits and the savings

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.
Pacbrake Company

The Coronavirus Means It’s A Truly Free Market For Oil – Julian Lee

By Julian Lee  Mar 28, 2020 (Bloomberg Opinion) At the point we’re now at, postponing the oil-price war won’t make a lot of difference for an industry that’s already breaking down under the weight of demand destruction. It’s too late to use diplomacy and artful negotiations to share the burden of output cuts that are now inevitable.The pumping free-for-all … Read moreThe Coronavirus Means It’s A Truly Free Market For Oil – Julian Lee

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company

Canada Weekly Rig Count Down 44 for Week Ending March 27, 2020

Canada’s drilling rig count is down 44 actively drilling rigs according to data collected by Baker Hughes for the week ending March 27, 2020. From one week ago, Alberta rig counts decreased 27 to 46 and the Saskatchewan rig counts decreased 11 to 1. Oil drilling decreased 34 to 18 and gas decreased 10 to … Read moreCanada Weekly Rig Count Down 44 for Week Ending March 27, 2020

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Hy-Lok Distribution Inc
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus

Alberta sees ‘no point’ in bigger oil curtailment orders – Premier

March 27, 2020 Reuters Alberta sees “no point” in further increases to its restrictions on oil production amid a global glut, because low prices are prompting voluntary reductions, Premier Jason Kenney said on Friday. A Saudi-Russia price war and reduced oil demand due to coronavirus spread have put the world’s crude producers, including in Canada, under … Read moreAlberta sees ‘no point’ in bigger oil curtailment orders – Premier

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
Enverus
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc

Newfoundland Becomes First North American Refinery to Shut With Fuel Demand Plunging

By David Marino  Mar 29, 2020 (Bloomberg) Newfoundland’s only refinery is shutting down, the first North American fuel maker to be idled as the coronavirus outbreak crushes demand worldwide. North Atlantic Refining Ltd. will idle the Come by Chance refinery, VOCM radio reported on its website, citing Glenn Nolan, the president of United Steelworkers Local 9316. The … Read moreNewfoundland Becomes First North American Refinery to Shut With Fuel Demand Plunging

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Pacbrake Company
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc

Global oil refiners shut down as coronavirus destroys demand

March 29, 2020 The first oil refinery shutdowns in India and Europe were announced on Friday while global refinery runs drop like a stone in response to plunging demand as countries worldwide implement lockdowns.Italy’s API said it would close operations temporarily at its Ancona refinery, which has capacity of 85,000 barrels per day (bpd). In … Read moreGlobal oil refiners shut down as coronavirus destroys demand

New SHOWCASE Directory Companies

 

Catch Engineering
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
DTN
Pacbrake Company
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.

The Global Oil Market Is Broken, Drowning in Crude Nobody Needs Right Now

By Javier Blas, Alex Longley and Sheela Tobben Mar 28, 2020 (Bloomberg)  The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies. Onshore tanks in many markets are full, forcing traders to store excess oil in idle supertankers. Refineries are starting to shut down because … Read moreThe Global Oil Market Is Broken, Drowning in Crude Nobody Needs Right Now

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Hy-Lok Distribution Inc
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company

Saudis Hold Firm on No Talks With Russia On Oil Output Cuts

By Javier Blas and Olga Tanas Mar 27, 2020 (Bloomberg) Saudi Arabia held firm on its position in the price war with Russia, saying on Friday that the kingdom hasn’t had any contacts with Moscow about oil production cuts or enlarging the OPEC+ alliance. The comments from the Saudi Energy Ministry dispelled speculation that Riyadh and … Read moreSaudis Hold Firm on No Talks With Russia On Oil Output Cuts

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
Fusion Production Systems Inc
Pacbrake Company
Enverus
Clear Glycol Inc.

The Sky’s the Limit for Stimulus in Canada’s Bid to Salvage Economy

By Kait Bolongaro and Shelly Hagan Mar 28, 2020 (Bloomberg)Canada’s policy makers unleashed the full power of the state on Friday, pledging open-ended support that could result in the largest government intervention in the economy since World War II. In a coordinated response to an increasingly bleak outlook, Prime Minister Justin Trudeau’s government doubled its existing stimulus … Read moreThe Sky’s the Limit for Stimulus in Canada’s Bid to Salvage Economy

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
DTN
Enverus
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.

U.S. oil drillers cut the most rigs in a week in nearly 5 years -Baker Hughes

By Scott DiSavino March 27 (Reuters) – U.S. energy firms cut the most oil rigs in a week since April 2015, removing rigs for a second week in a row as a coronavirus-related slump in economic activity and fuel demand has forced massive retrenchment in investment by oil and gas companies. Drillers cut 40 oil … Read moreU.S. oil drillers cut the most rigs in a week in nearly 5 years -Baker Hughes

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus

Why Companies Are Turning To Digital Marketing To Survive COVID-19 – Bernard Marr: Forbes.com

Bernard Marr Enterprise Tech In the coming days, weeks and months, businesses are going to become more reliant than ever on their digital strategy. Without wanting to sound too alarmist, in many cases it will be the deciding factor in whether they make it through the tough times ahead. The unprecedented, almost-total disappearance of all … Read moreWhy Companies Are Turning To Digital Marketing To Survive COVID-19 – Bernard Marr: Forbes.com

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Clear Glycol Inc.
Pacbrake Company
Fusion Production Systems Inc
Enverus

Prairie Provident Resources Announces Fourth Quarter and Year-End 2019  Financial and Operating Results

March 26, 2020  | Source: Prairie Provident Resources Inc. CALGARY, Alberta, March 26, 2020 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce our operating and financial results for the three months and year ended December 31, 2019. PPR’s audited consolidated financial statements and related Management’s Discussion and Analysis … Read morePrairie Provident Resources Announces Fourth Quarter and Year-End 2019  Financial and Operating Results

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Enverus
Clear Glycol Inc.
Pacbrake Company
Fusion Production Systems Inc

10 Ways to Lead in Turbulent Times – Sherri Hilton, MAL, CEC, PCC

by Sherri Hilton Work from home. Physical distancing. Self-isolation. Quarantines. Layoffs. Job losses. Market crashes.  These are just a few of the phrases that have become commonplace over the past ten days.  As a leader these are truly the most difficult of times and now, more than ever, the world needs calm, resilient, and compassionate … Read more10 Ways to Lead in Turbulent Times – Sherri Hilton, MAL, CEC, PCC

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
DTN
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company

Five Things to Know in World Business Today

By Lorcan Roche Kelly Mar 27, 2020 (Bloomberg) The economy needs fast bureaucracy, U.S. virus cases surpass China, and markets slip. Here are some of the things people in markets are talking about today. Bill speed The House is set to pass the $2 trillion stimulus package today and send it to the White House for President Donald Trump’s signature. … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Catch Engineering
DTN
Pacbrake Company
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.

Oil Industry Braces for Biggest Idling of Wells in 35 Years

By Javier Blas  Mar 27, 2020 (Bloomberg) Only the old hands at the Coffeyville oil refinery could remember anything like the prices posted this month. The small Kansas plant in the heart of rural America was offering just $1.75 a barrel for Wyoming sweet crude.With more than two billion people on virus lockdown from India to … Read moreOil Industry Braces for Biggest Idling of Wells in 35 Years

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Hy-Lok Distribution Inc
Enverus
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.

Federal deficit to top $112 billion or more in coming year due to COVID-19, PBO says

OTTAWA — Parliament’s budget watchdog is projecting that the federal deficit for the coming fiscal year could be $112.7 billion, a jump of $89.5 billion from previous forecasts as government spending climbs to combat the economic fallout from COVID-19…

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
DTN
Catch Engineering
Pacbrake Company
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.

Oil Near $23 as Traders Weigh Stimulus Versus Demand Woes

By Alex Longley and Ann Koh Mar 27, 2020 (Bloomberg) Oil traded near $23 as traders weighed the collapse in global consumption as a result of the coronavirus outbreak, which continues to roil markets, against a broader fiscal response.Futures in New York pared earlier gains but are set to eke out a small weekly increase. While … Read moreOil Near $23 as Traders Weigh Stimulus Versus Demand Woes

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Enverus
Clear Glycol Inc.
Pacbrake Company
Fusion Production Systems Inc

Canadian Crude Is So Cheap It Costs More to Ship It Than Buy It

By Robert Tuttle Mar 27, 2020 (Bloomberg) Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.Western Canadian Select crude in Alberta dropped $2.84 to a record low of $6.45 a … Read moreCanadian Crude Is So Cheap It Costs More to Ship It Than Buy It

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.
Pacbrake Company

Delphi Energy Corp. Provides an Operations Update

March 27, 2020  | Source: Delphi Energy Corporation CALGARY, Alberta, March 27, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (TSX: DEE) (“Delphi” or the “Company”) is pleased to provide an operations update on its first three wells of the 2020 capital program. Completion operations on the Company’s first three Montney wells (3.0 net) in the 2020 drilling program … Read moreDelphi Energy Corp. Provides an Operations Update

New SHOWCASE Directory Companies

 

Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Pacbrake Company
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc

Canadian Oil Companies Ask Government For Cash, Credit to Weather Twin Shocks

March 25, 2020 Canadian oil and gas companies are urging Ottawa to free up credit and cash to help them survive the twin shocks of COVID-19 spread and a crude price war, pitching ideas ranging from tax deferrals to backstopping bank loans.The country’s oil patch is on “life support” after the Saudi-Russian oil price war … Read moreCanadian Oil Companies Ask Government For Cash, Credit to Weather Twin Shocks

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.
Enverus

Schachter’s Eye on Energy: Big swing in stock markets and energy prices – a bottom is in the making

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 31 energy and energy service companies with regular updates. He holds quarterly subscriber webinars and provides Action BUY and SELL … Read moreSchachter’s Eye on Energy: Big swing in stock markets and energy prices – a bottom is in the making

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Fusion Production Systems Inc
Pacbrake Company
Enverus
Clear Glycol Inc.

Opinion: Notes from Flight 163, The Oilsands Shuttle From Toronto to Edmonton – Stewart Muir

By Stewart Muir | March 25, 2020 On a recent Monday morning, I found myself on Air Canada Flight 163 from Toronto Pearson to Edmonton. As the plane loaded, I began to sense there was something not so regular about the passengers boarding the Airbus 320 for a regularly scheduled flight.Unlike those I more typically see on … Read moreOpinion: Notes from Flight 163, The Oilsands Shuttle From Toronto to Edmonton – Stewart Muir

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Clear Glycol Inc.
Pacbrake Company
Fusion Production Systems Inc
Enverus

U.S. Department of Energy ditches plans to buy oil for strategic reserve

The U.S. Department of Energy said on Thursday it has ditched plans to purchase crude for the nation’s emergency reserve due to a lack of funding from Congress, dealing a blow to President Donald Trump’s plan to give relief to energy companies amid the global oil market collapse. Energy Secretary Dan Brouillette had asked lawmakers … Read moreU.S. Department of Energy ditches plans to buy oil for strategic reserve

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
Clear Glycol Inc.
Enverus
Fusion Production Systems Inc
Pacbrake Company

Hemisphere Energy Grows PDP Reserve Value by 69% to $116 Million (Discounted at 10%), and Increases 2P Reserve Value by 18% to $235 Million (Discounted at 10%)

March 26, 2020 Newsfile Vancouver, British Columbia – Hemisphere Energy Corporation (TSXV: HME) (“Hemisphere” or the “Company”) is pleased to announce highlights from its independent reserves evaluation effective as at December 31, 2019 prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”). Following the discussion on reserves, Hemisphere has included an update to its corporate outlook and … Read moreHemisphere Energy Grows PDP Reserve Value by 69% to $116 Million (Discounted at 10%), and Increases 2P Reserve Value by 18% to $235 Million (Discounted at 10%)

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus

Five Things to Know in World Business Today

By Lorcan Roche Kelly Mar 26, 2020 (Bloomberg) All eyes on jobless claims, Senate passes $2 trillion virus plan, and WHO says countries are wasting time. Here are some of the things people in markets are talking about today. Record number This week’s initial jobless claims data at 8:30 a.m. Eastern Time is the most hotly anticipated in years … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company

Oil Rally Falters With Demand Dread Precipitating Huge Glut

Oil-Prices

By Ann Koh and Alex Longley Mar 26, 2020 (Bloomberg)Oil’s recovery rally went into reverse as broad weakness across physical crude markets compounded mounting evidence of the demand devastation being wrought by the coronavirus.Futures in New York fell 3.2% to below $24 a barrel. Goldman Sachs Group Inc. warned that crude demand would decline by … Read moreOil Rally Falters With Demand Dread Precipitating Huge Glut

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Hy-Lok Distribution Inc
Pacbrake Company
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus

U.S. Calling on Saudis to Halt Plan to Unleash Record Oil Supply

By Glen Carey, Javier Blas, Nick Wadhams and Stephen Cunningham Mar 25, 2020, 4:25 PM (Bloomberg)The Trump administration is pressing Saudi Arabia to dial back its plan to flood the oil market after a price war with Russia sent crude prices crashing to their lowest levels in almost two decades.The U.S. wants Saudi Arabia to … Read moreU.S. Calling on Saudis to Halt Plan to Unleash Record Oil Supply

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus
Pacbrake Company

Property Shares a Haven No More in Canada With Rent Woes Brewing

By Derek Decloet Mar 25, 2020 (Bloomberg) Real estate companies helped push the Canadian stock market to a record high before the coronavirus crisis. Now the sector is proving to be a millstone. Real estate is the second worst-performing group in the S&P/TSX Composite Index since the market peak of Feb. 20, dropping 43%. Only energy … Read moreProperty Shares a Haven No More in Canada With Rent Woes Brewing

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company
Enverus

Morneau Says Canada Planning New Virus Aid Measures This Week

By Theophilos Argitis and Kait Bolongaro (Bloomberg) Canadian Finance Minister Bill Morneau told lawmakers in the Senate that he is planning to make another announcement this week on measures to help the economy.The comments came after the governing Liberals reached a deal in the House of Commons on an C$82 billion  stimulus package to bolster an … Read moreMorneau Says Canada Planning New Virus Aid Measures This Week

New SHOWCASE Directory Companies

 

DTN
Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
Clear Glycol Inc.
Enverus
Pacbrake Company
Fusion Production Systems Inc

PRECISION DRILLING ANNOUNCES RECEIPT OF CONTINUED LISTING STANDARD NOTICE FROM NYSE

Precision-Drilling-Feature

March 25, 2020  | Source: Precision Drilling Corporation This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in … Read morePRECISION DRILLING ANNOUNCES RECEIPT OF CONTINUED LISTING STANDARD NOTICE FROM NYSE

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Pacbrake Company
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.

Baytex Receives NYSE Listing Notification

March 25, 2020 Globe Newswire CALGARY, Alberta – Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE) announced that it received notification on March 24, 2020 from the New York Stock Exchange (“NYSE”) that Baytex is no longer in compliance with one of the NYSE’s continued listing standards because the average closing price of Baytex’s common shares was … Read moreBaytex Receives NYSE Listing Notification

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.
Enverus

Headwater Exploration Inc. Announces 2019 Reserves, Fourth Quarter and Year End 2019 Operating and Financial Results, Operations Update and Adoption of New By-Laws

March 25, 2020 CALGARY – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX:HWX) announces its operating and financial results for the three months and year ended December 31, 2019. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and the related management’s discussion and analysis (“MD&A”).  These filings will be available at www.sedar.com and … Read moreHeadwater Exploration Inc. Announces 2019 Reserves, Fourth Quarter and Year End 2019 Operating and Financial Results, Operations Update and Adoption of New By-Laws

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
DTN
Pacbrake Company
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus

Sick worker at oilsands lodge north of Fort McMurray tests negative for COVID-19

FORT MCMURRAY, Alta. — The operator of a work lodge north of Fort McMurray, Alta., says a guest who fell ill last week does not have COVID-19.
Houston-based Civeo Corp. said last Friday the worker was taken to hospital with symptoms consistent with th…

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.
Enverus

‘We Did it Right:’ COVID-19 Scare at Oilsands Work Camp Tests Businesses’ Plans

CALGARY — A COVID-19 scare at an oilsands staff lodge north of Fort McMurray, Alta., last week tested the pandemic preparedness of one of the many businesses that house, feed and transport workers at resource extraction sites.
Civeo Corp., which runs …

New SHOWCASE Directory Companies

 

DTN
Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.
Enverus

House of Commons passes legislation for COVID-19 help with unanimous support

Joan Bryden , The Canadian Press Trudeau announces fiscal package amid pandemic OTTAWA — The House of Commons has passed emergency legislation to free up $82 billion to help Canadians weather the COVID-19 crisis. After a day of tense negotiations, MPs began debating the bill in the wee hours of Wednesday morning, and a vote took … Read moreHouse of Commons passes legislation for COVID-19 help with unanimous support

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Catch Engineering
DTN
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company

Global oil storage fills to the brim despite leap in costs

March 25, 2020 Reuters Oil Storage Tanks at Cushing, OK From Canada and the Caribbean to the Baltic and Singapore, oil tanks around the world are filling fast, despite a 50%-100% jump in lease costs, as oil companies and traders scramble to park unwanted crude and refined products.Millions of barrels are struggling to find buyers among … Read moreGlobal oil storage fills to the brim despite leap in costs

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Pacbrake Company
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.

Five Things to Know in World Business Today

By Lorcan Roche Kelly Mar 25, 2020 (Bloomberg) Deal struck on U.S. stimulus, Germany opens the taps and markets add to rally. Here are some of the things people in markets are talking about today. Agreement Republican and Democrat Senators reached a deal with the White House on a stimulus package that is set to unleash more than $2 trillion in … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Hy-Lok Distribution Inc
Pacbrake Company
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.

As Trump Seeks Pricier Oil, China Saves $250 Million Daily

By Dan Murtaugh, Alfred Cang and Debjit Chakraborty Mar 25, 2020 (Bloomberg) As the U.S. finds itself in the unfamiliar position of lobbying for higher oil prices, China’s enjoying what amounts to a major rebate from crude’s crash just as it tries to recover from the coronavirus.The world’s biggest oil importer is saving about $250 million a … Read moreAs Trump Seeks Pricier Oil, China Saves $250 Million Daily

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Pacbrake Company
Clear Glycol Inc.
Enverus
Fusion Production Systems Inc

Oil Slumps Again as Collapsing Demand Counters Stimulus Efforts

By Alex Longley and Annmarie Hordern Mar 25, 2020 (Bloomberg) Oil turned lower on an unprecedented hit to consumption, even as policy makers committed trillions of dollars to offset the harm from the global pandemic.Futures in London erased earlier gains to trade down 3.3%. The boss of Vitol Group said demand is down about 15 … Read moreOil Slumps Again as Collapsing Demand Counters Stimulus Efforts

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
Clear Glycol Inc.
Pacbrake Company
Enverus
Fusion Production Systems Inc

Oil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse

By Alex Longley and Javier Blas Mar 25, 2020 (Bloomberg) As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still.Having collapsed by about 60% this year, Brent and West Texas Intermediate crude have stabilized … Read moreOil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse

New SHOWCASE Directory Companies

 

Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Pacbrake Company
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.

In Rare Step, Oil-Sands Giant Shuts Partial Output to Weather Rout

By Robert Tuttle  Mar 25, 2020 (Bloomberg) Record low prices for heavy Canadian crude have prompted one of the biggest operators in the oil sands to take the rare step of shutting production. Motivated by the “extremely low” prices, Suncor Energy Inc. announced on Tuesday that it will shut in one of its two so-called trains … Read moreIn Rare Step, Oil-Sands Giant Shuts Partial Output to Weather Rout

New SHOWCASE Directory Companies

 

DTN
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
Clear Glycol Inc.
Enverus
Fusion Production Systems Inc
Pacbrake Company

PRAIRIESKY ANNOUNCES CHANGE TO VIRTUAL ANNUAL GENERAL MEETING ON APRIL 21, 2020

March 25, 2020 | Source: PrairieSky Royalty Ltd. CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) announces that its annual general meeting of holders of common shares scheduled for Tuesday, April 21, 2020 at 9:30 a.m. (MDT) at the Calgary Petroleum Club will be changed to a virtual … Read morePRAIRIESKY ANNOUNCES CHANGE TO VIRTUAL ANNUAL GENERAL MEETING ON APRIL 21, 2020

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Catch Engineering
Enverus
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.

Saturn Oil & Gas Inc. Provides Corporate Update and Confirms Response to COVID-19

March 25, 2020  | Source: Saturn Oil + Gas Inc CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) today provides a corporate update in response to recent market volatility caused by the COVID-19 pandemic and the continued oil price weakness. Saturn is pleased to … Read moreSaturn Oil & Gas Inc. Provides Corporate Update and Confirms Response to COVID-19

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Catch Engineering
Clear Glycol Inc.
Enverus
Pacbrake Company
Fusion Production Systems Inc

Cenovus changes Annual Meeting of Shareholders to virtual webcast

March 25, 2020 | Source: Cenovus Energy Inc CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that its upcoming Annual Meeting of Shareholders (Shareholders Meeting) will now be held in a virtual only format. The Shareholders Meeting will be held at the originally scheduled date and time, on April … Read moreCenovus changes Annual Meeting of Shareholders to virtual webcast

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company
Enverus

COVID-19 – Maintenance during Reduced Operations or Shutdown

Azzier Feature Logo 400x270

  These are certainly interesting times we find ourselves in. A global pandemic has now seeped through the porous borders of North America. In many places, employees are already working from home offices. Here in North America we are fortunate to have some of the most advanced infrastructure to support a remote workforce. However, most … Read moreCOVID-19 – Maintenance during Reduced Operations or Shutdown

New SHOWCASE Directory Companies

 

DTN
Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus
Pacbrake Company

XI Technologies: The power of the remote office

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. This week, XI’s President and CEO Darryl Stackhouse wanted to share his thoughts on the current situation. If you’d like to receive our Wednesday Word to the Wise … Read moreXI Technologies: The power of the remote office

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Hy-Lok Distribution Inc
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company

SAIT abrasives has no supply chain interruptions during COVID 19 crisis because we make our product in the USA! Get a quote from a local factory rep today – and support North American made products.

They last longer. Unlike many abrasive manufacturers, we only use premium grains, and we never use inferior fillers or bonding agents. With durable abrasives that continue to perform over time, you can avoid frequent re-orders and costly downtime. They’re safer. Our product line doesn’t include cut-rate abrasives because, frankly, cut-rate abrasives are accidents waiting to happen. When … Read moreSAIT abrasives has no supply chain interruptions during COVID 19 crisis because we make our product in the USA! Get a quote from a local factory rep today – and support North American made products.

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company
Enverus

Bonavista Energy Corporation Provides Financial Update

March 24, 2020 Newsfile Calgary, Alberta  – Bonavista Energy Corporation (TSX: BNP) (“Bonavista” or the “Company“) and Canadian Imperial Bank of Commerce (“CIBC“) as administrative agent on behalf of a syndicate of lenders, including CIBC, The Toronto-Dominion Bank, Bank of Montreal, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, ATB Financial and Federation … Read moreBonavista Energy Corporation Provides Financial Update

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus
Pacbrake Company

Canadian Stocks Soar Nearly 10%, Most Since 2008

By Aoyon Ashraf Mar 24, 2020 Canadian shares bounced back with force on Tuesday, moving with a big rally in global equity markets.The S&P/TSX Composite Index rose as much as 10%, the biggest intraday jump since 2008, after falling to a 2011 low on Monday. All but two of the 230 stocks in the index … Read moreCanadian Stocks Soar Nearly 10%, Most Since 2008

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Enverus
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc

Business Recovery: Defining Your New Normal – MNP

MNP_logo_Feature

See the MNP COVID-19 Business Advice Centre  MNP Website Introduction COVID-19 has been an unprecedented challenge for business owners in Canada and around the world. Practically overnight, commerce has slowed, restaurants and shops have closed and those who can are working from home. In the face of this challenge, organizations look to implement policies and … Read moreBusiness Recovery: Defining Your New Normal – MNP

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
DTN
Enverus
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc

Five Things to Know in World Business Today

By Lorcan Roche Kelly Mar 24, 2020 (Bloomberg) Pelosi pushes $2.5 trillion bill, it’s PMI day, and markets rally. Here are some of the things people in markets are talking about today. Stimulus House Speaker Nancy Pelosi unveiled a $2.5 trillion spending bill as she attempts to take control of negotiations over the second stimulus package debate after the … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

Catch Engineering
Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.
Enverus

Oil Finds Firmer Ground After Fed Unleashes Support Measures

By Ann Koh and Alex Longley Mar 24, 2020 (Bloomberg) Oil rallied with other risky assets after the U.S. Federal Reserve unveiled a sweeping set of measures to support the world’s largest economy. Futures in London rose for a second session by as much as 6%, to almost $29 a barrel, as the U.S. central bank said it would buy unlimited … Read moreOil Finds Firmer Ground After Fed Unleashes Support Measures

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Hy-Lok Distribution Inc
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.
Pacbrake Company

As OPEC Pursues Oil Supply War, Here’s Who Has Most Firepower

By Anthony DiPaola, Verity Ratcliffe and Mahmoud Habboush Mar 23, 2020 (Bloomberg)With the shackles of OPEC’s output limits thrown off and a price war under way, the group’s biggest oil producers are preparing to churn out more barrels to protect market share.But making up in volume for what they’re losing in price is looking increasingly … Read moreAs OPEC Pursues Oil Supply War, Here’s Who Has Most Firepower

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Hy-Lok Distribution Inc
Enverus
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc

Shutdown of Canada’s Economic Engine Sends Stocks to 2011 Low

By Aoyon Ashraf and Michael Bellusci Mar 23, 2020 (Bloomberg)Canadian stocks plunged to their lowest level in almost nine years as investors digested a slew of bad news that signaled a massive slowdown in economic growth for the year.The S&P/TSX Composite Index tumbled 5.3% Monday to its lowest since October 2011, bringing the drop from … Read moreShutdown of Canada’s Economic Engine Sends Stocks to 2011 Low

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
DTN
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus

HIGH ARCTIC APPOINTS MIKE MAGUIRE AS CHIEF EXECUTIVE OFFICER

March 23, 2020 | 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, March 23, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (“High Arctic”) announces the appointment … Read moreHIGH ARCTIC APPOINTS MIKE MAGUIRE AS CHIEF EXECUTIVE OFFICER

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
DTN
Enverus
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc

Suncor Energy provides a corporate update including revised 2020 capital program, operating costs and production outlook

All financial figures are in Canadian dollars, unless noted otherwise. March 23, 2020  | Source: Suncor Energy Inc CALGARY, Alberta, March 23, 2020 (GLOBE NEWSWIRE) — Suncor released a corporate update today, including revised 2020 corporate guidance for capital, operating costs and production outlook, reflecting the significant decline in the crude oil price and uncertainty surrounding the … Read moreSuncor Energy provides a corporate update including revised 2020 capital program, operating costs and production outlook

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus
Pacbrake Company

PRECISION DRILLING ANNOUNCES COVID-19 RESPONSE, REDUCTIONS IN CAPITAL EXPENDITURE PLAN AND FIXED COSTS, AND UPDATES ITS LIQUIDITY POSITION AND STRATEGIC PRIORITIES

March 24, 2020  | Source: Precision Drilling Corporation This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in … Read morePRECISION DRILLING ANNOUNCES COVID-19 RESPONSE, REDUCTIONS IN CAPITAL EXPENDITURE PLAN AND FIXED COSTS, AND UPDATES ITS LIQUIDITY POSITION AND STRATEGIC PRIORITIES

New SHOWCASE Directory Companies

 

Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus
Pacbrake Company

Resource sector finds ways to carry on despite COVID-19 crisis

But government support needed to weather the storm. Don Hauka filed this report assessing the status of natural resource projects underway in British Columbia. ResourceWorks News has surveyed major projects and provided this report on the status of CGL/LNG Canada, Site C and more. This is what journalist Don Hauka discovered. See more articles and  … Read moreResource sector finds ways to carry on despite COVID-19 crisis

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Catch Engineering
Clear Glycol Inc.
Pacbrake Company
Fusion Production Systems Inc
Enverus

Simplify feed water control and reduce costs during installation, operation and maintenance.

Westech Feature Logo 400x270

Conventional feed water control in plants is typically controlled by the means of TWO control valves. Valve 1 for the start-up of a plant with LOW flow rates combined with a high differential pressure AND valve 2 for full power operation with high feed water flow rates combined with a low differential pressure. The SCHROEDAHL … Read moreSimplify feed water control and reduce costs during installation, operation and maintenance.

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Hy-Lok Distribution Inc
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus
Pacbrake Company

Staying Connected While Social Distancing to Fight COVID-19: Koleya Karringten

by Koleya Karringten I’m a big fan of hosting events and parties – it’s one of my favorite parts of running the Canadian Blockchain Consortium. When I see a room full of smiling people enjoying a charcuterie spread and glasses of wine at one of our gatherings, having great conversations and making new connections, it … Read moreStaying Connected While Social Distancing to Fight COVID-19: Koleya Karringten

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Catch Engineering
Pacbrake Company
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc

Absolute Public Online – Part 2 Of Fisher Powerline Complete Dispersal Auction – Century Auctions

Fort McMurray, Alberta 2 DAY SALE! OPEN FOR BIDDING! LOTS ADDED DAILY! Day 1 Featuring: Cat D8T CR Crawler Tractor, Astro Thermal Frac Water Heater, Columbia 40-Wheel Double-Drop Lowboy Trailer, Liquid Nitrogen Storage Tank, Peterbilt and Western-Star Truck-Tractors, 1928 International Pickup Truck, H2 Hummer, Pickup Trucks, Vehicles (Including BMW 530i, Volkswagen Golf, Audi A6), Van Trailers, … Read moreAbsolute Public Online – Part 2 Of Fisher Powerline Complete Dispersal Auction – Century Auctions

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
DTN
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus
Pacbrake Company

Improve Business COVID19 Resilience Using Digital Technology

By Geoffrey Cann It looks like we’re all confined to quarters until further notice. But that doesn’t mean industry comes to a halt. Digital tools can help keep business moving. Social Distancing This bitch of a bug infects its human hosts via human-to-human transmission through aerosols like sneezing, coughing, and sharing air, with the virus … Read moreImprove Business COVID19 Resilience Using Digital Technology

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Enverus
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.

Five Things to Know in World Business Today

By Lorcan Roche Kelly Mar 23, 2020 (Bloomberg) Congress fails to agree on stimulus, virus measures tighten further, and markets drop. Here are some of the things people in markets are talking about today. No agreement yet While lawmakers in Washington are almost universally united on the need to introduce a very large stimulus bill to fight the economic fallout … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
DTN
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company

Oil Falls to Near 2003 Levels as Demand Plunges, OPEC Hopes Fade

By Ann Koh, James Thornhill and Grant Smith  Mar 23, 2020 (Bloomberg) Oil dropped toward the lowest level since 2003 as demand plunged as governments froze economic activity to combat the coronavirus, and prospects for a OPEC-Texas production deal faded. Futures in London fell 5.6% to near $25 a barrel as some traders estimate crude demand … Read moreOil Falls to Near 2003 Levels as Demand Plunges, OPEC Hopes Fade

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Catch Engineering
Fusion Production Systems Inc
Enverus
Pacbrake Company
Clear Glycol Inc.

Sproule Special Market Report: 2020 Unleashes Unprecedented Volatility on Global Crude Markets

Sproule Feature 400x270 Logo

Global economic activity is falling at record rate as countries take action to prevent the spread of COVID-19. Simultaneously, the OPEC+ curtailment agreement has fallen apart with Russia abandoning its willingness to cut production. This has created unprecedented volatility in the global crude market. Sproule will continue to monitor activity and provide clients with updates.  To … Read moreSproule Special Market Report: 2020 Unleashes Unprecedented Volatility on Global Crude Markets

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company

Consumer Sentiment Takes Record Dive on Canada Jobless Spike

By Erik Hertzberg Mar 23, 2020 (Bloomberg) Consumer confidence went into a tailspin as half a million Canadians applied for unemployment benefits. The Bloomberg Nanos Canadian Confidence Index, based on telephone surveys of households, recorded its biggest one-week drop ever and reached the lowest level since 2013, when weekly tracking began. The sudden deterioration in sentiment … Read moreConsumer Sentiment Takes Record Dive on Canada Jobless Spike

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Catch Engineering
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.
Pacbrake Company

Stop the Finger Pointing: To Stop the Oil Price War, Trump Must Step in to Strike a Deal: Julian Lee

By Julian Lee Mar 22, 2020 (Bloomberg Opinion)  Don’t expect Russia or Saudi Arabia to bail out shale again. Balancing the oil demand destruction resulting from the global spread of the Covid-19 virus requires action from all producers, and the leaders to make it happen. The forecasts for oil demand are grim. Analysts from Goldman … Read moreStop the Finger Pointing: To Stop the Oil Price War, Trump Must Step in to Strike a Deal: Julian Lee

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Catch Engineering
DTN
Hy-Lok Distribution Inc
Pacbrake Company
Clear Glycol Inc.
Enverus
Fusion Production Systems Inc

The Decline and Fall of the Gulf’s Oil Empire Is Looming: David Fickling

By David Fickling Mar 21, 2020 For much of the world, oil wealth is a curse. Endowed with ample reserves of hydrocarbons, the likes of Nigeria, Angola, Kazakhstan, Mexico and Venezuela frittered the benefits away. Only in the Persian Gulf has oil been a nation-building blessing. The discoveries of petroleum in the mid-20th century turned an … Read moreThe Decline and Fall of the Gulf’s Oil Empire Is Looming: David Fickling

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus
Pacbrake Company

Aluminum, Recycling’s Best Friend – IDENT Oil & Gas Signage

IDENT Feature

Most people know aluminum by its common uses like aluminum foil or cans, but at IDENT we know aluminum because of the signs we work with every day. Aluminum is one of the most abundant metals on the planet. It takes a lot less energy to recycle aluminum than manufacturing new metals and can be … Read moreAluminum, Recycling’s Best Friend – IDENT Oil & Gas Signage

New SHOWCASE Directory Companies

 

Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Clear Glycol Inc.
Enverus
Pacbrake Company
Fusion Production Systems Inc

REPORT: Economic outlook Quarterly update on Canadian and international economic trends and events – Deloitte

Canadian economy battered by global pandemic and oil price slump The fallout of the COVID-19 pandemic and all of its associated economic and financial disruptions are expected to cause the Canadian economy to falter. The economy is tracking a small decline in the first quarter. We expect a significant contraction in the second quarter, with … Read moreREPORT: Economic outlook Quarterly update on Canadian and international economic trends and events – Deloitte

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Enverus
Pacbrake Company
Clear Glycol Inc.
Fusion Production Systems Inc

MARKSMEN ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND EARLY WARNING REPORT

March 20, 2020  | Source: Marksmen Energy CALGARY, Alberta, March 20, 2020 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has completed the closing of its previously announced non-brokered private placement of units (the “Units”) of Marksmen (the “Offering”). The Company issued 3,880,280 Units at a price of $0.05 per Unit … Read moreMARKSMEN ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND EARLY WARNING REPORT

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Catch Engineering
DTN
Fusion Production Systems Inc
Enverus
Clear Glycol Inc.
Pacbrake Company

Husky Energy Suspends Construction Activities on West White Rose Project

Husky-Energy

Company takes immediate action to ensure the safety of Husky’s workforce, construction sites and communities March 22, 2020 | Source: Husky Energy Inc. CALGARY, Alberta, March 22, 2020 (GLOBE NEWSWIRE) — Husky Energy (TSX:HSE) today announced that it will begin a systematic and orderly suspension of major construction activities related to the West White Rose Project. The … Read moreHusky Energy Suspends Construction Activities on West White Rose Project

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
DTN
Fusion Production Systems Inc
Enverus
Pacbrake Company
Clear Glycol Inc.

WEBINAR: Power of Data Visualization with Virtualization! FREE SpotFire Group March 25th – Details & Register HERE

Cadeon Feature Logo 400x270

We’re excited to announce that Cadeon and Tibco’s SpotFire User Group is approaching! The User Group will feature important updates from Cadeon and TIBCO, and a special customer spotlight, who will share his secrets of taking full advantage of Spotfire’s GIS and data visualization capabilities and applying data science and statistics to answer real-world questions, … Read moreWEBINAR: Power of Data Visualization with Virtualization! FREE SpotFire Group March 25th – Details & Register HERE

New SHOWCASE Directory Companies

 

DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Clear Glycol Inc.
Enverus
Fusion Production Systems Inc
Pacbrake Company

Canada Weekly Rig Count Down 77 for Week Ending March 20, 2020

Canada’s drilling rig count is down 77 actively drilling rigs according to data collected by Baker Hughes for the week ending March 20, 2020. From one week ago, Alberta rig counts decreased 54 to 73 and the Saskatchewan rig counts decreased 17 to 12. Oil drilling decreased 63 to 52 and gas decreased 14 to … Read moreCanada Weekly Rig Count Down 77 for Week Ending March 20, 2020

New SHOWCASE Directory Companies

 

DTN
Hy-Lok Distribution Inc
Catch Engineering
GLJ Petroleum Consultants Ltd.
Fusion Production Systems Inc
Pacbrake Company
Enverus
Clear Glycol Inc.

Ottawa Prepares Multibillion-Dollar Bailout of Oil and Gas Sector – Sources

JEFF MCINTOSH/THE CANADIAN PRESS Globe and Mail Story The federal government is preparing a multibillion-dollar bailout package for Canada’s oil and gas sector that is expected to be unveiled early next week, sources say. Federal and Alberta government insiders are saying little about the details – citing the sensitivity of the options under discussion – … Read moreOttawa Prepares Multibillion-Dollar Bailout of Oil and Gas Sector – Sources

New SHOWCASE Directory Companies

 

DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Hy-Lok Distribution Inc
Enverus
Fusion Production Systems Inc
Pacbrake Company
Clear Glycol Inc.

Twenty-Nine Days of Carnage: The Canadian Market Rout in Charts

By Divya Balji and Paula Sambo Mar 21, 2020 (Bloomberg) It has been a month like no other in financial markets. Steve Digregorio, portfolio manager at Canoe Financial, says he feels like he has lived two years in the past month. Kurt Reiman, who sets strategy for the Canadian arm of Blackrock Inc., says there’s simply no silver … Read moreTwenty-Nine Days of Carnage: The Canadian Market Rout in Charts

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Pacbrake Company
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc

WEBINAR MARCH 25th: Is Custom or Subscription Software Better for Field Operations? – Aimsio

  Topic Is a custom or subscription software better for field operations? A guide to choosing the right software for your business If you work for a business that has operations in the field, this webinar is for you. Looking for a field ticketing or form-based workflow software for your field operations? It can be … Read moreWEBINAR MARCH 25th: Is Custom or Subscription Software Better for Field Operations? – Aimsio

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
Catch Engineering
GLJ Petroleum Consultants Ltd.
Enverus
Clear Glycol Inc.
Pacbrake Company
Fusion Production Systems Inc

Oil Suffers Biggest Weekly Loss Since 1991 With Demand in Focus

Oil-Prices

By Jackie Davalos Mar 20, 2020 (Bloomberg) Oil capped its biggest weekly decline in almost three decades as concern that the collapse of global fuel demand will deepen outweighed talks between OPEC and Texas’s energy regulator.Futures in New York tumbled 11% Friday, bringing the week’s plunge to 29%, the biggest since January 1991. Some traders … Read moreOil Suffers Biggest Weekly Loss Since 1991 With Demand in Focus

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Catch Engineering
Pacbrake Company
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc

Why the OPEC-Russia Blowup Sparked All-Out Oil Price War

By Will Kennedy March 20, 2020 First Russia tossed a hand grenade into global oil markets. Then Saudi Arabia dropped a bomb. After the dramatic collapse of an alliance between the OPEC oil cartel and Russia, a plunge in the price of oil to an 18-year low sent shockwaves through financial markets already reeling from the fallout of the coronavirus pandemic. … Read moreWhy the OPEC-Russia Blowup Sparked All-Out Oil Price War

New SHOWCASE Directory Companies

 

Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus
Pacbrake Company

Oil Demand Catastrophe Is Making the Price War a Sideshow

By Javier Blas  Mar 21, 2020 (Bloomberg) Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cutting by one million barrels a day. Bullish, right?Now come back to the reality of today’s oil market, where demand is collapsing — some … Read moreOil Demand Catastrophe Is Making the Price War a Sideshow

New SHOWCASE Directory Companies

 

Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Hy-Lok Distribution Inc
Clear Glycol Inc.
Fusion Production Systems Inc
Enverus
Pacbrake Company

U.S. drillers this week cut most oil rigs since April -Baker Hughes

March 20, 2020 Reuters U.S. energy firms cut the most oil rigs in a week in almost a year as a meltdown in oil and natural gas prices due to the coronavirus outbreak has forced producers to deepen cuts in spending on new drilling.Drillers cut 19 oil rigs in the week to March 20, bringing the … Read moreU.S. drillers this week cut most oil rigs since April -Baker Hughes

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
DTN
Catch Engineering
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus
Pacbrake Company

20 Tips for Working From Home – Being COVID-19 Proactive

The outbreak of the coronavirus has more people working from home. If you’re new to working remotely, these tips from a home-office pro can help you stay productive and maintain balance. By Jill Duffy PC World Original Article The global spread of COVID-19, the novel coronavirus, is keeping people at home. Major conferences, including Mobile World Congress and Google … Read more20 Tips for Working From Home – Being COVID-19 Proactive

New SHOWCASE Directory Companies

 

DTN
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Catch Engineering
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus
Pacbrake Company

Pipestone Energy Corp. Announces Unplanned Outage at the Keyera Wapiti Gas Plant

March 20, 2020 CALGARY, Alberta – (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) was notified by Keyera Corp. (“Keyera”) on March 16, 2020 of an unplanned outage related to the amine train at the Keyera Wapiti Plant (“Keyera Plant”). As of this press release, Keyera expects to have the plant issue repaired and … Read morePipestone Energy Corp. Announces Unplanned Outage at the Keyera Wapiti Gas Plant

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Pacbrake Company
Fusion Production Systems Inc
Clear Glycol Inc.
Enverus

Athabasca Oil Corporation Halts 2020 Capital Program

March 20, 2020 Globe Newswire CALGARY, Alberta – Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking swift action in response to the significant decline in global oil prices to bolster balance sheet strength and corporate resiliency, including a $30 million reduction to its 2020 capital program and proactively curtailing heavy oil production at … Read moreAthabasca Oil Corporation Halts 2020 Capital Program

New SHOWCASE Directory Companies

 

Catch Engineering
DTN
Hy-Lok Distribution Inc
GLJ Petroleum Consultants Ltd.
Fusion Production Systems Inc
Clear Glycol Inc.
Pacbrake Company
Enverus

Perpetual Energy Inc. Reports Fourth Quarter and Year-End 2019 Financial and Operating Results and Reserves

March 18, 2020 CNW CALGARY – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, or the “Company”) is pleased to release its fourth quarter and year-end 2019 financial and operating results and a summary of the Company’s year-end 2019 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. (“McDaniel”). A complete copy of Perpetual’s audited consolidated financial … Read morePerpetual Energy Inc. Reports Fourth Quarter and Year-End 2019 Financial and Operating Results and Reserves

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
Catch Engineering
DTN
GLJ Petroleum Consultants Ltd.
Enverus
Clear Glycol Inc.
Fusion Production Systems Inc
Pacbrake Company

Paramount Resources Ltd. Announces Reduced Capital Spending and Revised Production Guidance

March 19, 2020 CNW CALGARY – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX:POU) announces that, in response to the recent significant decline in global energy prices, it has revised its 2020 capital guidance to a range of $185 million to $250 million, a reduction of approximately 46% at mid-point from the originally planned range of $350 million to $450 million. Forecast average … Read moreParamount Resources Ltd. Announces Reduced Capital Spending and Revised Production Guidance

New SHOWCASE Directory Companies

 

Hy-Lok Distribution Inc
DTN
GLJ Petroleum Consultants Ltd.
Catch Engineering
Pacbrake Company
Enverus
Fusion Production Systems Inc
Clear Glycol Inc.

Five Things to Know in World Business Today

By Lorcan Roche Kelly Mar 20, 2020 (Bloomberg) Markets bounce, virus measures tighten, and Mnuchin asks Congress to hurry. Here are some of the things people in markets are talking about today. A little risk on After yesterday’s relatively calm day in U.S. markets — by recent standards anyway — global markets are moving higher today. Benchmark indexes in South Korea and Taiwan jumped more … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

GLJ Petroleum Consultants Ltd.
DTN
Hy-Lok Distribution Inc
Catch Engineering
Clear Glycol Inc.
Pacbrake Company
Enverus