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Pieridae Energy to Purchase Shell Canada Foothills-Area Production & Assets: 28,623 BOE/d and Associated Midstream Assets, Including Three Deep-Cut Gas Plants

June 26, 2019 Globe Newswire Highlights: Acquisition immediately accretive to the Company Another major step forward, now fully supplying Train 1 at the Goldboro LNG facility Pieridae becomes a major player in the Alberta midstream and upstream industry Shell Canada Energy to take an equity stake in Pieridae Other key stakeholders to increase their ownership positions … Read morePieridae Energy to Purchase Shell Canada Foothills-Area Production & Assets: 28,623 BOE/d and Associated Midstream Assets, Including Three Deep-Cut Gas Plants

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Woodfibre LNG Signs Foundation Customer

June 26, 2019 VANCOUVER, June 26, 2019 /CNW/ – Pacific Oil & Gas Limited (PO&G) today announced that its wholly-owned subsidiary, Woodfibre LNG Export Pte Ltd. (Woodfibre LNG Export), has signed a binding LNG Sales and Purchase Agreement (SPA) with BP Gas Marketing Limited (BP), a wholly-owned indirect subsidiary of BP Plc, for the delivery of liquefied … Read moreWoodfibre LNG Signs Foundation Customer

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Why the Liberals may as well scrap their carbon tax – it has to be much higher to work

by Aaron Wudrick, Federal Director When future historians retrace the rise and fall of carbon taxes in Canada, they may well conclude that last week was the point at which policy’s decline became irreversible. That’s because it was the week when the Trudeau Liberals gave up insisting that a carbon tax is the best way … Read moreWhy the Liberals may as well scrap their carbon tax – it has to be much higher to work

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Five Things to Know in World Business Today

By Lorcan Roche Kelly Jun 26, 2019 (Bloomberg) U.S. said to delay China tariffs, companies find their Huawei loophole, and bitcoin surges. Here are some of the things people in markets are talking about today. Peace talks The U.S. is willing to suspend the next round of tariffs on an additional $300 billion of Chinese imports as both sides … Read moreFive Things to Know in World Business Today

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Oil Jumps to Four-Week High on Report of Falling U.S. Stockpiles

By Saket Sundria and Grant Smith Jun 26, 2019 (Bloomberg) Oil rose to a four-week high after an industry report signaled a bigger-than-forecast drop in U.S. crude stockpiles, adding impetus to a rally that’s been driven by a tense standoff between Washington and Tehran.Futures in New York gained as much as 2.3%. The American Petroleum … Read moreOil Jumps to Four-Week High on Report of Falling U.S. Stockpiles

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OPEC Member Fans Out to Australia and Canada in Global Gas Push

Duvernay Shale Play

By Fiona MacDonald Jun 26, 2019 (Bloomberg) Kuwait plans to boost production from Canadian shale deposits by two thirds and increase output of natural gas in Australia as the OPEC member ramps up efforts to find and develop overseas deposits of the fuel.The international upstream arm of state-owned Kuwait Petroleum Corp. sees output of almost … Read moreOPEC Member Fans Out to Australia and Canada in Global Gas Push

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PERSPECTIVE: Here’s How Climate Change Is Viewed Around the World

By Alan Crawford Jun 25, 2019 (Bloomberg) Wildfires in California and Siberia. Floods wiping out grain harvests in Argentina. Droughts forcing water restrictions in Cape Town and affecting shipping on Germany’s Rhine River. Climate change is global in nature, and is creeping higher in surveys of voter concerns. In some countries it’s at or near the … Read morePERSPECTIVE: Here’s How Climate Change Is Viewed Around the World

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Dumping Oil Stocks Proving Hard to Explain for Crude-Rich Norway

Norway Flag Feature

By Mikael Holter Jun 25, 2019 (Bloomberg) Norway is finding it hard to convince the world that its $1 trillion wealth fund’s divestment from oil stocks has nothing to do with climate change.Even the secretary general of the United Nations isn’t buying it: Norway’s Parliament has voted to divest the world’s largest sovereign wealth fund … Read moreDumping Oil Stocks Proving Hard to Explain for Crude-Rich Norway

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Who’s Stocks are More Unpopular Than Frackers? The Guys Helping Them

By Liam Denning Jun 25, 2019 (Bloomberg Opinion) Oil and gas producer stocks are deeply unpopular. Oilfield services stocks, on the other hand, are deeply, deeply unpopular: The oily water in which the services companies swim is the money that exploration and production firms spend – and it has dried up. Analysts at Morgan Stanley have just reduced their … Read moreWho’s Stocks are More Unpopular Than Frackers? The Guys Helping Them

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STEP Energy Services Presents at the International Symposium on Applied Microbiology and Molecular Biology in Oil Systems with OSP Microcheck

Step Energy Services Feature

Calgary, AB (June 26, 2019) – Last week microbiology and molecular biology thought leaders came together in Halifax at the International Symposium on Applied Microbiology and Molecular Biology in Oil Systems (ISMOS-7) – the largest event in its sector in the oil and gas industry. STEP Energy Services’ laboratory manager, Darren Maley, took part in a poster … Read moreSTEP Energy Services Presents at the International Symposium on Applied Microbiology and Molecular Biology in Oil Systems with OSP Microcheck

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Varcoe: Indigenous ownership of Trans Mountain moves closer to reality

Project Reconciliation Feature 400x270

By Chris Varcoe Imagine First Nations across Western Canada being able to buy the lion’s share of the Trans Mountain pipeline from the federal government. Now, imagine it builds greater acceptance for the project. Finally, imagine the ownership generates $250 million a year for First Nations and Metis communities, with some of that money used … Read moreVarcoe: Indigenous ownership of Trans Mountain moves closer to reality

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BC’s mandatory closure laws will force companies to spend up to $64 million on abandonments in the next 2.5 years – XI Technologies video

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, we have created a video that looks at the financial impact of abandonment legislation on BC operators. If you’d like to receive our Wednesday Word to … Read moreBC’s mandatory closure laws will force companies to spend up to $64 million on abandonments in the next 2.5 years – XI Technologies video

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GET YOURS! ONLY 300 (of 4,000) TICKETS REMAIN! 2019 BIG GUNS STAMPEDE BREAKFAST: JULY 9th! DETAILS & TICKETS HERE

Western Canada’s Largest Energy Industry “Meet & Greet” Stampede Breakfast  The 21st Annual BIG GUNS STAMPEDE BREAKFAST Each year, all areas of the Energy Industry come to this grand event to Meet, Great & Network This year will be no different, only better! BE PART OF THE ACTION! WHO WILL BE THERE: Oil & gas … Read moreGET YOURS! ONLY 300 (of 4,000) TICKETS REMAIN! 2019 BIG GUNS STAMPEDE BREAKFAST: JULY 9th! DETAILS & TICKETS HERE

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Russia leads as top crude supplier to China, overtakes Saudi

June 25, 2019 Reuters Russia became the largest crude oil supplier to China in May, supported by robust demand from private refiners and alongside a fall in supplies from Iran.Imports from Russia came in at 6.36 million tonnes in May, or 1.50 million barrels per day (bpd), data from the General Administration of Customs showed on … Read moreRussia leads as top crude supplier to China, overtakes Saudi

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Trust in Government: Canadians wary of politicians and their intentions – Augus Reid Institute

Federal candidates viewed less favourably than provincial or municipal candidates June 24, 2019 – And so the summer political season begins across Canada. Residents from coast to coast will bear witness to the migration of MPs from Parliament Hill to local backyard barbecues, offering handshakes to grown-ups, kisses to babies, and belly rubs to dogs. Elsewhere … Read moreTrust in Government: Canadians wary of politicians and their intentions – Augus Reid Institute

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FRASER INSTITUTE: Ottawa’s tax hike on high-income earners will take in less revenue than expected—and eventually less than if it hadn’t increased taxes at all

Ottawa’s tax hike on high-income earners will take in less revenue than expected—and eventually less than if it hadn’t increased taxes at all TORONTO—The federal government’s recent tax increase on top earners will not raise the level of revenues expected and will eventually reduce government revenue, finds a study released today by the Fraser Institute, … Read moreFRASER INSTITUTE: Ottawa’s tax hike on high-income earners will take in less revenue than expected—and eventually less than if it hadn’t increased taxes at all

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Five Things to Know in World Business Today

By Lorcan Roche Kelly Jun 25, 2019 (Bloomberg) —Trump and Khamenei trade barbs, low hopes for a G-20 trade breakthrough, and Powell speaks in New York. Here are some of the things people in markets are talking about today. Throwing toys President Donald Trump’s announcement of sanctions on Iran’s supreme leader, Ayatollah Ali Khamenei, seem to be a … Read moreFive Things to Know in World Business Today

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Oil Steadies as Iran Tensions Mingle With Economic Concerns

By Tsuyoshi Inajima and Grant Smith Jun 25, 2019 (Bloomberg) Oil steadied after rallying almost 8% in three days as investors weighed the risks of a supply disruption in the Middle East against concerns over the global economy and demand.Futures were little changed near $58 a barrel in New York. President Donald Trump imposed sanctions on Iran’s … Read moreOil Steadies as Iran Tensions Mingle With Economic Concerns

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FRAC SHACK ANNOUNCES SPONSORSHIP OF VETERANS PICNIC

Frac Shack Feature

ACHESON, Alberta, June 20, 2019—Frac Shack Inc. (“Frac Shack”) is proud to announce that it is the first sponsor of the American Chamber of Commerce in Canada (AmCham Canada) Veterans Picnic to be held on July 5th 2019, in Calgary, Alberta. This is a community event for veterans and their families to celebrate and show … Read moreFRAC SHACK ANNOUNCES SPONSORSHIP OF VETERANS PICNIC

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OPERATE MORE EFFICIENTLY AND HELP INCREASE PROFITS – BDO

BDO Featured Image

Billions of dollars in public and private capital projects are either planned or currently under construction, and businesses operating in the oil and gas sector need to prepare themselves to capitalize on opportunities. Those set to action operationally will make initial gains vis-a-vis their competitors, but it’s the businesses that marry their on-the-ground operational sophistication … Read moreOPERATE MORE EFFICIENTLY AND HELP INCREASE PROFITS – BDO

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SPECIAL GUEST INVITATION: 21st ANNUAL BIG GUNS STAMPEDE BREAKFAST – The Energy Industry’s Biggest Annual “Meet & Greet” Event

We Would Love For You (and your guests) to Join Us as Our Special Guest(s) (Please let us know how many tickets would be required as entrance to Stampede grounds has to be accounted for) Western Canada’s Largest Energy Industry “Meet & Greet” Stampede Breakfast  The 21st Annual BIG GUNS STAMPEDE BREAKFAST Each year, all … Read moreSPECIAL GUEST INVITATION: 21st ANNUAL BIG GUNS STAMPEDE BREAKFAST – The Energy Industry’s Biggest Annual “Meet & Greet” Event

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Here’s Why Oil’s Outlook Could Be Even Bleaker Than Expected

By Bloomberg News Jun 24, 2019 (Bloomberg) As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month.While the Saudi Arabian-led efforts to restrain supply amid surging North American shale production … Read moreHere’s Why Oil’s Outlook Could Be Even Bleaker Than Expected

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How the Trans Mountain green light could benefit First Nations

Project Reconciliation Feature 400x270

The Canadian government has announced it’s going to restart the Trans Mountain pipeline expansion project. There are several Indigenous groups hoping to purchase an equity interest in Trans Mountain. Project Reconciliation, an Indigenous-led consortium of all Western Canadian First Nations who would like to participate, is proposing to purchase a majority share of the Trans Mountain pipeline and plans … Read moreHow the Trans Mountain green light could benefit First Nations

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Your 12 Month Digital Marketing Plan on EnergyNow – Generate Exposure & Leads:

Welcome to Your 12 Month Digital Marketing Plan on EnergyNow EnergyNow uses all of its Marketing Platforms to Promote Your Company (Website, Daily Email, EnergyNow SHOWCASE, Social Media etc.) Marketing on EnergyNow is Designed to: Focus on your company’s target market Consistently get your company marketing exposure for a Whole Year on EnergyNow Effectively market your products and services or … Read moreYour 12 Month Digital Marketing Plan on EnergyNow – Generate Exposure & Leads:

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IEA concerned about Middle East tensions, stands ready to act

IEA Logo Feature

June 24, 2019 Reuters The International Energy Agency (IEA) is very concerned about the impact that tensions in the Middle East may have on global energy security and will act if there is any physical disruption to supplies, its executive director said on Monday.Oil prices rose on Monday, extending large gains last week that were prompted … Read moreIEA concerned about Middle East tensions, stands ready to act

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How To Escape The Digital Pilot Project Doldrums – Geoffrey Cann

Many digital companies seem trapped in a never-ending cycle of pilot projects and trials with oil and gas companies that never progress beyond the pilot stage to full deployment. And that’s a shame for both. Pilot Hell It never fails. I’m on a call with some digital entrepreneur proudly boasting their technology and the problems that it solves, and the conversation turns to where it’s installed. … Read moreHow To Escape The Digital Pilot Project Doldrums – Geoffrey Cann

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Five Things to Know in World Business Today

By Lorcan Roche Kelly Jun 24, 2019 (Bloomberg) Trump set to announce more Iran sanctions, Turkish assets rally as Erdogan loses vote, and the everything-rally continues. Here are some of the things people in markets are talking about today. What to sanction? President Donald Trump is threatening Iran with additional sanctions, which may be announced as soon … Read moreFive Things to Know in World Business Today

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Oil Climbs to a Three-Week High as U.S.-Iran Tensions Simmer

By Saket Sundria and Grant Smith Jun 23, 2019 (Bloomberg) Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer, with President Donald Trump announcing plans for further sanctions against the OPEC member.Futures added as much as 1.4% in New York after surging 9.4% last … Read moreOil Climbs to a Three-Week High as U.S.-Iran Tensions Simmer

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Imperial committed to long-term shareholder value

June 21, 2019 CALGARY, Alberta–(BUSINESS WIRE)–Imperial Oil Limited today announced it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to five percent of its 764,221,735 outstanding common shares as of June 13, 2019, or a maximum of 38,211,086 shares during the next 12 … Read moreImperial committed to long-term shareholder value

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Parkland Announces US$500 Million Offering of Senior Unsecured Notes

June 24, 2019  | Source: Parkland Fuel Corporation CALGARY, Alberta, June 24, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI), announced today that, subject to market conditions, it plans to commence a private offering of US$500 million aggregate principal amount of senior unsecured notes due 2027 (the “Offering”). Subject to … Read moreParkland Announces US$500 Million Offering of Senior Unsecured Notes

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SURPLUS EQUIPMENT: Ariel JG-4 Reciprocating Compressor (Acid Gas), 150 hp GE 447T – Ironhub

Iron Hub Logo Feature

Click here to see the specifications for Ariel JG-4 Reciprocating Compressor (Acid Gas), 150 hp GE 447T     About Marketplace by IronHub Markeplace by IronHub is North America’s leading surplus collaboration tool. Source, connect and save – all in one place. Visit: marketplace.theironhub.com

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Canada Weekly Rig Count Up 12 for Week Ending June 21, 2019

Canada’s drilling rig count up 4 actively drilling rigs according to data collected by Baker Hughes for the week ending June 21, 2019. From one week ago, Alberta rig counts increased 7 to 63 and the Saskatchewan rig count increased 3 to 40. Oil drilling increased 11 to 80 and gas increased 1 to 39. … Read moreCanada Weekly Rig Count Up 12 for Week Ending June 21, 2019

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U.S. drillers add oil rigs for first week in three

June 21, 2019 Reuter Comments U.S. energy firms increased the number of oil rigs operating for the first time in the past three weeks as U.S. crude futures soared around 10% this week.Big energy price declines over the prior couple of months, however, prompted one analyst to cut rig count forecasts for 2019 and 2020. Companies … Read moreU.S. drillers add oil rigs for first week in three

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Oil industry dismayed as contentious energy bills become law

June 21, 2019 Reuters Two pieces of legislation opposed by Canada’s oil and gas industry that fulfil Liberal government promises to protect the environment will become law on Friday. Bill C-69, which will overhaul environmental assessments for major resource and transportation projects like oil pipelines, and Bill C-48, which bans oil tankers from British Columbia’s … Read moreOil industry dismayed as contentious energy bills become law

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Five Things to Know in World Business Today

By Samuel Potter Jun 21, 2019 (Bloomberg) U.S. and Iran standoff continues, Boris is one step closer, and everything rallies except the dollar. Here are some of the things people in markets are talking about today. Tension grows As investors cheer central bankers saying some dovish stuff and the Brits waste time picking Boris (more on … Read moreFive Things to Know in World Business Today

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Tidewater provides Operational Update and announces Q2 Dividend

June 21, 2019 CNW CALGARY, June 21, 2019 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (“Tidewater” or the “Corporation“) (TSX:TWM) is pleased to announce: that the Pioneer Pipeline, connecting Tidewater’s Brazeau River gas plant to TransAlta’s generating units at Keephills and Sundance, transported first gas four months ahead of schedule; that Tidewater expanded its gas storage facility at Pipestone and completed its natural gas pipeline … Read moreTidewater provides Operational Update and announces Q2 Dividend

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Angus Reid: Shovels in the ground: Majority say Liberals made right decision in approving TransMountain expansion

But will it be built? Six-in-ten say yes, while four-in-ten say they’re not convinced June 21, 2019 – Indigenous rights, economic debates, provincial tension, climate change and environmental protection; all of these are at the core of not only the TransMountain pipeline expansion (TMX) saga, but also the nearly four years of Justin Trudeau’s government. The … Read moreAngus Reid: Shovels in the ground: Majority say Liberals made right decision in approving TransMountain expansion

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Bill C-48 to ban oil tankers in northern B.C. waters narrowly passes in Senate

Senate also passed a bill to improve environmental assessment rules CBC News A bill restricting oil tankers in British Columbia’s northern waters has narrowly passed the Senate. Bill C-48 bans tankers carrying more than 12,500 metric tonnes of oil from docking along B.C.’s north coast, an area that stretches from the northern tip of Vancouver … Read moreBill C-48 to ban oil tankers in northern B.C. waters narrowly passes in Senate

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Five Things to Know in World Business Today

By Samuel Potter Jun 21, 2019 (Bloomberg) U.S. and Iran standoff continues, Boris is one step closer, and everything rallies except the dollar. Here are some of the things people in markets are talking about today. Tension grows As investors cheer central bankers saying some dovish stuff and the Brits waste time picking Boris (more on … Read moreFive Things to Know in World Business Today

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Oil Heads for Weekly Increase on Heightened U.S.-Iran Tensions

By Sharon Cho and Grant Smith Jun 20, 2019 (Bloomberg) Oil in London headed for its biggest weekly gain since February as escalating tensions between the U.S. and Iran fanned fears of conflict that would disrupt energy supplies from the Middle East.Brent crude rose 0.5% on Friday, bringing its increase for the week to 4.5%. … Read moreOil Heads for Weekly Increase on Heightened U.S.-Iran Tensions

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Canada Becoming a ‘Banana Republic’ Over Energy, Grafton Says

By David Scanlan and Kelly Gilblom Jun 20, 2019 (Bloomberg) Canada risks becoming a “banana republic” for its restrictive energy policy and failure to attract new investment into the sector, according to a Calgary money manager. “We have had basically signs on our energy industry that Canada is closed for business,” Geeta Sankappanavar, co-founder of … Read moreCanada Becoming a ‘Banana Republic’ Over Energy, Grafton Says

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Quality When It Matters Most – Hy-Lok Canada – The Best Fluid & Control Systems on the Market

Hy-Lok Logo Feature 1 400x270

Quality design, competitive prices, and a reputation for customer service that can’t be beat; when it comes to finding the best fluid and control system solutions on the market, Hy-Lok Canada is your first-choice provider. Since 1977 we have become a leading manufacturer and distributor of one of the largest inventories of valves and fittings … Read moreQuality When It Matters Most – Hy-Lok Canada – The Best Fluid & Control Systems on the Market

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Downhole Equipment Insurance – Cover Your Stuck or Lost Downhole Tools with Iridium Risk Services

18-04-30 Navacord_Iridium_Logo_CMYK

Iridium Risk Services is an industry leader in providing risk management advice and insurance solutions to companies operating in the energy sector.  Servicing energy clients is our specialty and in listening to them, we’ve created a Downhole Equipment Insurance program that provides coverage for not only the expensive stuck or lost Bottom Hole Assembly, but … Read moreDownhole Equipment Insurance – Cover Your Stuck or Lost Downhole Tools with Iridium Risk Services

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ARC Resources Ltd. Updates Its 2019 and 2020 Capital Expenditure Plans

June 20, 2019 CNW CALGARY, June 20, 2019 /CNW/ – (ARX – TSX) ARC Resources Ltd. (“ARC” or the “Company”) announced that its board of directors has approved a reduction to the Company’s 2019 capital expenditure program, from $775 million to $700 million. 2020 capital expenditures are expected to be in the range of $550 … Read moreARC Resources Ltd. Updates Its 2019 and 2020 Capital Expenditure Plans

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Environmental assessment overhaul, tanker ban bills face final vote in Senate

OTTAWA — The Liberal government’s push to make climate change impacts part of the assessment process for new national resource projects faces its final hurdle today.
Bill C-69 is back in the Senate for another vote after the House of Commons rejected …

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Five Things to Know in World Business Today

By Samuel Potter Jun 20, 2019 (Bloomberg) The dust settles post-Powell, central banks of England and Japan take a turn, and trouble in the Middle East. Here are some of the things people in markets are talking about today. The morning after Jerome Powell’s patience has run out, apparently. Possibly with President Donald Trump, with the … Read moreFive Things to Know in World Business Today

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Oil Surges After Iran Downs U.S. Drone and Fed Signals Rate Cut

By Sharon Cho and Grant Smith Jun 19, 2019 (Bloomberg) Oil rose after Iran said it shot down a U.S. spy drone in its airspace, stoking Middle East tensions further after the attack on two tankers last week, while a more dovish stance from the Federal Reserve lifted financial markets.Futures climbed as much as 3.3% … Read moreOil Surges After Iran Downs U.S. Drone and Fed Signals Rate Cut

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Trudeau’s Crude Pipeline Set to Start Shipping Oil by 2022

By Kevin Orland and Robert Tuttle Jun 19, 2019 (Bloomberg) The oil pipeline that Canadian Prime Minister Justin Trudeau’s government approved on Tuesday is slated to start shipping crude as early as 2022 and cost more than C$7.4 billion ($5.6 billion) after legal delays hampered the construction process.The Trans Mountain expansion, which would carry 590,000 more … Read moreTrudeau’s Crude Pipeline Set to Start Shipping Oil by 2022

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OPEC’s Top 3 Put Group on Track to Extend Oil Cuts in July

Saudi Arabia's Oil Minister Khalid al-Falih talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader

By Mahmoud Habboush and Grant Smith Jun 19, 2019 (Bloomberg) OPEC is poised to extend oil-output cuts for the rest of the year when its members meet next month to assess supply and demand for crude.Saudi Arabia, Iraq and the United Arab Emirates — the group’s three biggest members — all want to keep restraining … Read moreOPEC’s Top 3 Put Group on Track to Extend Oil Cuts in July

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Cordy Enters into Letter of Intent to Acquire Construction and Transportation Businesses

June 19, 2019  Source: Cordy Oilfield Services Inc. CALGARY, Alberta, June 19, 2019 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (“Cordy” or the “Company”) (CKK: TSX-V announces that it has entered into a non-binding letter of intent (the “LOI”) to acquire the business, including operating assets and business contracts (the “Business”), of three private companies … Read moreCordy Enters into Letter of Intent to Acquire Construction and Transportation Businesses

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SURPLUS EQUIPMENT: Waukesha L5794LT Ariel JGK-4 Reciprocating Compressor (7 available), 1450 hp – Ironhub

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Click here to see the specifications for Waukesha L5794LT Ariel JGK-4 Reciprocating Compressor (7 available), 1450 hp   About Marketplace by IronHub Markeplace by IronHub is North America’s leading surplus collaboration tool. Source, connect and save – all in one place. Visit: marketplace.theironhub.com

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Interview with Ian Burgess, CTO of Validere (Pt2) – Geoffrey Cann

In this week’s podcast, I am interviewing Ian Burgess, CTO of Validere. Validere is based in Toronto, and handles logistics, trading, and midstream operations through AI and IIoT platforms. In Today’s podcast, we discuss Validere’s history and some case examples of their technology in action. Note: At 22:19, there is a…   Check out my new book, ‘Bits, Bytes, and Barrels: The Digital … Read moreInterview with Ian Burgess, CTO of Validere (Pt2) – Geoffrey Cann

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Canada’s Conservative leader unveils climate plan without carbon pricing

June 19, 2019 Reuters Canada’s Conservative Party leader unveiled his long-awaited climate and environmental plan on Wednesday that would eliminate the current federal carbon pricing program and focus on promoting green technologies. For more than a year, Conservative chief Andrew Scheer, who is currently leading in the polls, has been promising to deliver a climate … Read moreCanada’s Conservative leader unveils climate plan without carbon pricing

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Trans Mountain oil pipeline expansion may start in September

June 19, 2019 Reuters CALGARY, Alberta/WINNIPEG, Manitoba, June 19 (Reuters) – Construction on expanding the Trans Mountain oil pipeline could begin in September, assuming the next regulatory steps go smoothly, the project’s chief executive said on Wednesday. The $7.4 billion project was stalled a year ago after a Canadian court ruled the federal government, which also … Read moreTrans Mountain oil pipeline expansion may start in September

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DON’T MISS THIS! Cody Snyder Bullbustin’ 2019 – Charity Event – July 2,3&4 – Details & Tickets HERE

Cody Snyder Charity Bullbustin’ is once again set for July 2, 3 and 4, 2019 Held at the Grey Eagle Resort & Casino – Calgary, Alberta Limited Public Tickets Now on Sale! Details & Tickets HERE Digital Marketing Partner Cody Snyder Charity Bullbustin’ is once again set for July 2, 3 and 4, 2019. Celebrating … Read moreDON’T MISS THIS! Cody Snyder Bullbustin’ 2019 – Charity Event – July 2,3&4 – Details & Tickets HERE

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Federal Cabinet Approval of Trans Mountain Pipeline Project is only one Hurdle of Many the Canadian Government Needs to Jump June 19, 20191:34 AM BOE Report Staff

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June 19, 2019 CALGARY, AB (June 18, 2019) – The Petroleum Services Association of Canada (PSAC) acknowledges the federal government’s approval of the Trans Mountain Expansion Project (TMEP) but notes there are more hurdles for the government to cross before the pipeline will be built. Gary Mar, President and CEO of PSAC, says, “The federal … Read moreFederal Cabinet Approval of Trans Mountain Pipeline Project is only one Hurdle of Many the Canadian Government Needs to Jump June 19, 20191:34 AM BOE Report Staff

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An Open Letter to Tzeporah Berman – Julia McElgunn

Julia McElgunn Petroleum Geologist & Energy and Sustainability Advocate, P Geol, MSc Dear Ms. Berman, I hope this finds you well during this intense time in Canada’s Energy and Climate Change history. First of all, I wanted to say thank you for expressing yourself so clearly about your opinion on Canada’s energy situation. Unfortunately, you speak … Read moreAn Open Letter to Tzeporah Berman – Julia McElgunn

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Oil Steady as OPEC+ Sets Meeting Date and Trade Talks Revive

By Rakteem Katakey and Sharon Cho Jun 18, 2019 (Bloomberg) Oil held steady in New York after rising the most in more than five months as OPEC set a date for its next meeting after a month of bickering, and the U.S. and China signaled trade talks would resume.Futures were little changed after climbing 3.8% … Read moreOil Steady as OPEC+ Sets Meeting Date and Trade Talks Revive

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Five Things to Know About World Business Today

By Samuel Potter Jun 19, 2019 (Bloomberg) It’s Fed day, Trump-Xi trade meet is on, and Britain edges closer to a new leader. Here are some of the things people in markets are talking about today. Powell’s still here Despite the wishes of a certain person in the White House, Jerome Powell is still very much in … Read moreFive Things to Know About World Business Today

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Gran Tierra Energy Inc. Announces Operations Update

June 19, 2019 | Source: Gran Tierra Energy Inc. CALGARY, Alberta, June 19, 2019 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operations update regarding activities and results during second quarter 2019 to date. All dollar amounts are in United States (“U.S.”) dollars unless otherwise indicated. Production amounts are unaudited and on … Read moreGran Tierra Energy Inc. Announces Operations Update

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Canadian crude Gulf Coast exports rise as Venezuelan gap is filled

June 18, 2019 Reuters Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast. U.S. refiners have lined up larger supplies from Canada, Iraq and Colombia since Washington in January began choking off … Read moreCanadian crude Gulf Coast exports rise as Venezuelan gap is filled

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Spain’s Repsol cutting Canadian staff by about 30% after global restructuring

June 18, 2019 Reuters Spanish oil company Repsol SA is cutting about 30% of its Canadian workforce, following a global restructuring process, the company confirmed in an emailed statement on Tuesday. “Repsol is constantly evaluating our activity and organization to drive continuous improvement and ensure the long-term sustainability of our business. This process has resulted … Read moreSpain’s Repsol cutting Canadian staff by about 30% after global restructuring

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Liberals Again Approve Trans Mountain, Economic Destruction of Oilpatch Continues

By David Yager “If I am elected Prime Minister the Northern Gateway pipeline won’t become reality.”. So wrote Liberal leader Justin Trudeau on Twitter June 18, 2014. He repeated the promise on the campaign trail in September of 2015 prior to that year’s October election. Then on November 30, 2016, it was Prime Minister Trudeau … Read moreLiberals Again Approve Trans Mountain, Economic Destruction of Oilpatch Continues

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THE EDGE SOLUTION TO UNLOCKING OIL AND GAS DEALS

Edge Liability Risk Management Feature Logo 400x270

According to the Canadian Association of Petroleum Producers (CAPP), capital investment across Canada’s oil and natural gas industry is forecast to fall to $37 billion in 2019 compared to $81 billion in 2014. This drop will result in the lowest levels of capital investment since 2009. Market sentiment is pessimistic due to restricted tidewater access, … Read moreTHE EDGE SOLUTION TO UNLOCKING OIL AND GAS DEALS

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UNDERSTANDING OIL AND GAS METHANE EMISSIONS AND MITIGATION OPPORTUNITIES: PART 1

Sask Research Council Feature 400x270

By Paul Paynter and Suzanne Johnston This blog post is the first installment in a two-part series about methane emissions, how they are created and why there’s push to reduce them. In the second post, we look at what is being done to help industry cut emissions to meet regulatory requirements.  Market access, the scarcity and high cost of labour … Read moreUNDERSTANDING OIL AND GAS METHANE EMISSIONS AND MITIGATION OPPORTUNITIES: PART 1

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OH DEER! WHAT YOU NEED TO KNOW ABOUT ALBERTA WILDLIFE SIGNAGE – IDENT OIL & GAS SIGNAGE

IDENT Feature

Wildlife signs have their purpose all year round, but we’ve seen a spike in orders recently and thought we’d lend a hand, so bear with us while we cover some basics. Typically speaking there are 4 types of wildlife signs: Stock Crossing Signs, Stock Warning Signs, Wildlife Information Signs, Invasive Species and Wildlife Warning Signs. … Read moreOH DEER! WHAT YOU NEED TO KNOW ABOUT ALBERTA WILDLIFE SIGNAGE – IDENT OIL & GAS SIGNAGE

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Right on time: how timing can impact your monetary return from the SR&ED program – TSGI Corp.

tsgi logo feature

Timing is an important yet often overlooked factor when it comes to claiming SR&ED (Scientific Research & Experimental Development) tax credits. How can you strategically time your claim to increase your cash and tax credit refund? Filing deadline First things first: if you miss your filing deadline, you can’t receive credits for that fiscal year. … Read moreRight on time: how timing can impact your monetary return from the SR&ED program – TSGI Corp.

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BC’s new mandatory closure timelines will keep companies hopping to meet first quota in 2021 – XI Technologies

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. In a move that other western Canadian provinces will be watching and … Read moreBC’s new mandatory closure timelines will keep companies hopping to meet first quota in 2021 – XI Technologies

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Project Reconciliation applauds TMX decision and support of Indigenous stake

Project Reconciliation Feature 400x270

TORONTO, June 18, 2019 /CNW/ – The federal government has made the right decision on expansion plans for the Trans Mountain pipeline, and its support for Indigenous peoples having an ownership stake is the right course. That’s the message Project Reconciliation, an Indigenous-led group working to buy a majority interest in the pipeline and expansion project, had after … Read moreProject Reconciliation applauds TMX decision and support of Indigenous stake

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Take two: Alberta lauds federal re-approval of Trans Mountain pipeline project but no celebration yet

EDMONTON — Alberta Premier Jason Kenney is lauding the federal government’s decision to approve for a second time the construction of the Trans Mountain oil pipeline expansion project.
But Kenney says he won’t be celebrating until shovels are in the g…

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CAODC calls Trans Mountain approval trivial in light of pending C-48 and C-69 legislation.

The Canadian Association of Oilwell Drilling Contractors (CAODC) is calling the federal government’s decision to finally green light the Trans Mountain expansion “trivial” as the industry is five years into the worst recession in its history. If shovels hit the ground today, Canadian producers must still wait years for additional capacity, and with bills C-48 … Read moreCAODC calls Trans Mountain approval trivial in light of pending C-48 and C-69 legislation.

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Taxpayers Federation reacts to federal approval of Trans Mountain pipeline expansion

Tuesday, Jun. 18, 2019 Taxpayers Federation reacts to federal approval of Trans Mountain pipeline expansion OTTAWA, ON: Canadian Taxpayers Federation Federal Director Aaron Wudrick released the following statement in response to the Trudeau government’s decision to approve expansion of the Trans Mountain pipeline: “We applaud the decision of the Trudeau government to finally move ahead … Read moreTaxpayers Federation reacts to federal approval of Trans Mountain pipeline expansion

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Trudeau approves expansion of crude oil pipeline, says legal challenges likely

June 18, 2019 Reuters Trudeau, as expected, approved the proposal to expand the crude oil pipeline Canada bought last year. Construction on the expansion of the Trans Mountain pipeline is planned to start this year, Prime Minister Justin Trudeau told a news conference. A senior government official, speaking on condition of anonymity, earlier said Ottawa … Read moreTrudeau approves expansion of crude oil pipeline, says legal challenges likely

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Point Loma Resources Announces Initial Production From Wizard Lake Rex Oil Discovery and Announces June 19th Live Webinar at 11:00am PT (2:00pm ET)

June 18, 2019 Accesswire CALGARY, ALBERTA / ACCESSWIRE / June 18, 2019 / Point Loma Resources Ltd. (TSX-V: PLX) (the “Corporation” or “Point Loma“) is pleased to announce first oil production from the Corporation’s Wizard Lake Rex oil discovery and provides an operational update. Point Loma would also like to announce that it will be hosting a … Read morePoint Loma Resources Announces Initial Production From Wizard Lake Rex Oil Discovery and Announces June 19th Live Webinar at 11:00am PT (2:00pm ET)

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Five Things to Know About World Business Today

By Samuel Potter Jun 18, 2019 (Bloomberg) The Fed meets after some soft data, tensions simmer in a series of global hot spots, and Airbus is dominating in Paris. Here are some of the things people in markets are talking about today. Central bank-fest They aren’t the biggest data points, but the numbers released on Monday … Read moreFive Things to Know About World Business Today

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An Obscure Hydrocarbon Contains Bad News for Global Economy

Refinery Image-feature

By Prejula Prem and Jack Wittels Jun 18, 2019 (Bloomberg) An obscure product made by oil refineries has a grim story to tell investors right now about the fortunes of the global economy.That product is naphtha, something used to make a vast array of goods while also being integral to churning out gasoline. Oil refiners’ … Read moreAn Obscure Hydrocarbon Contains Bad News for Global Economy

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OPEC+ Proposes Mid-July Meeting to Settle Dispute Over Dates

By Golnar Motevalli, Grant Smith and Salma El Wardany Updated on Jun 18, 2019 (Bloomberg) OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts, after talks between Russia and Iran made some progress toward resolving a standoff over the date.The oil producers group, which pumps more than half the world’s … Read moreOPEC+ Proposes Mid-July Meeting to Settle Dispute Over Dates

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The World Will Get Half Its Power From Wind and Solar by 2050

By Millicent Dent and Christopher Martin Jun 18, 2019 (Bloomberg) —Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet.That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump $13.3 trillion into new projects, according … Read moreThe World Will Get Half Its Power From Wind and Solar by 2050

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Webinar: Effective management of Asset Retirement Obligations (ARO) – Thursday June 20th! Details & Registration

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 blogs, introduced standardized methodologies, and simplified the ARO process with the industry’s first ARO … Read moreWebinar: Effective management of Asset Retirement Obligations (ARO) – Thursday June 20th! Details & Registration

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Liberals’ balancing act between energy and the environment climaxes this week

OTTAWA — The federal Liberal government is teetering on a tightrope this week as it attempts to prove it can balance economic development with environmental protection during the final sitting of Parliament before the fall election.
Bill C-69, legisla…

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Trudeau Poised to Advance Pipeline to Quell Oil Industry Furor

By Theophilos Argitis, Kevin Orland and Robert Tuttle Jun 17, 2019 (Bloomberg) Justin Trudeau is poised to give the green light to a major crude pipeline as he faces rising calls to support Canada’s struggling oil industry.The prime minister’s cabinet is widely expected to give the go-ahead at a meeting Tuesday to the expansion of the Trans … Read moreTrudeau Poised to Advance Pipeline to Quell Oil Industry Furor

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Say Yes to TMX and Make it a Pipeline to Reconciliation

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Calgary, June 17—An Indigenous-led group that wants to buy a majority interest in the Trans Mountain pipeline and expansion project says the federal government must let the expansion proceed. A decision is expected to be delivered tomorrow. Project Reconciliation says the government should also ensure Indigenous Peoples are included when the time comes to sell … Read moreSay Yes to TMX and Make it a Pipeline to Reconciliation

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Tourmaline Oil Corp. Intends to Make Normal Course Issuer Bid

June 17, 2019 CNW CALGARY, June 17, 2019 /CNW/ – Tourmaline Oil Corp. (TSX – TOU) (“Tourmaline“) is pleased to announce that it intends to make a normal course issuer bid (the “NCIB“) to purchase its common shares. The NCIB is subject to approval by the Toronto Stock Exchange (the “TSX“), and if approved, will be made in … Read moreTourmaline Oil Corp. Intends to Make Normal Course Issuer Bid

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Trans Mountain Expansion Project must be approved and start construction immediately: CAPP

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June 17, 2019 CNW CALGARY, June 17, 2019 /CNW/ – The Canadian Association of Petroleum Producers (CAPP) issued a statement on the Trans Mountain Expansion Project (TMEP) today in advance of the Government of Canada’s expected announcement on June 18. The Trans Mountain Expansion Project must be approved and its construction must begin early this summer. If the project gets stalled … Read moreTrans Mountain Expansion Project must be approved and start construction immediately: CAPP

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Delphi Energy Corp. Announces Sale of a Portion of Its Excess Alliance Service and Provides Credit Facility Update

June 17, 2019 Globe Newswire CALGARY, Alberta, June 17, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces the sale of a portion of its Alliance Service and an extension to its senior credit facility. SALE OF A PORTION OF EXCESS ALLIANCE FIRM TRANSPORTATION SERVICE Delphi has entered into a binding agreement to sell and permanently assign … Read moreDelphi Energy Corp. Announces Sale of a Portion of Its Excess Alliance Service and Provides Credit Facility Update

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WATCH: “A Stranded Nation” – Pipelines, The Oil & Gas Sector and the Benefits to All Canadians

The environment is arguably the most debated topic of modern Canadian politics. The use of hydrocarbons has become a central political discourse within Canada. The decision to build a national pipeline to meet international demand has left Canadians divided and uncertain. A Stranded Nation is a documentary about our national interests, a competitive oil and … Read moreWATCH: “A Stranded Nation” – Pipelines, The Oil & Gas Sector and the Benefits to All Canadians

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Why Blockchain Isn’t Just a Buzzword (Anymore) – Koleya Karringten

In my years as an entrepreneur, it’s been hard not to notice that there always seems to be a ‘next big thing’ projected to completely transform the way we do business, communicate or power our world. Sometimes, it’s easy to get jaded – how many earth-shaking inventions never seem to get off the ground? It’s … Read moreWhy Blockchain Isn’t Just a Buzzword (Anymore) – Koleya Karringten

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COURSE (July 8-9) – Piping & Instrumentation Diagrams and Engineering Drawings Interpretation – ACM Facility Safety

ACM_Logo_feature

July 8-9, 2019 Calgary, AB Knowing the basics allows people to make  their facilities and the world a safer place! Learning to interpret information on Piping and Instrumentation Drawings (P&ID) will set you apart from your peers, whether you are an Operator, EIT, Engineer, or Manager In this fundamental course you will learn: ✔ How to … Read moreCOURSE (July 8-9) – Piping & Instrumentation Diagrams and Engineering Drawings Interpretation – ACM Facility Safety

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G-20 Energy Ministers Highlight Security After Tanker Attacks

Jun 16, 2019 by Tsuyoshi Inajima (Bloomberg) G-20 energy ministers who met in Japan over the weekend highlighted the importance of energy security in a communique issued at the end of the conference, just days after two tankers were attacked near the Strait of Hormuz.“In light of recent developments highlighting concerns about energy security, the G20 Energy Ministers acknowledge … Read moreG-20 Energy Ministers Highlight Security After Tanker Attacks

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Five Thing to Know in World Business Today

Jun 17, 2019 by Samuel Potter (Bloomberg) Trade and policy battle for investor attention, 2 million people flood the streets of Hong Kong, and it’s the Paris Air Show. Here are some of the things people in markets are talking about today. Trade vs. central bankers With rate decisions in the U.S., the U.K. and Japan this week to … Read moreFive Thing to Know in World Business Today

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Saudi Arabia Hopes to Extend OPEC+ Production Cuts by Early July

Jun 16, 2019 by Tsuyoshi Inajima (Bloomberg) Saudi Arabia hopes OPEC and its allies will agree to extend oil production cuts into the second half of the year at a meeting that will probably take place in the first week of July, according to the country’s energy minister.“We are hoping that we will reach consensus to extend … Read moreSaudi Arabia Hopes to Extend OPEC+ Production Cuts by Early July

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Oil prices rise after tanker attacks stoke Middle East tensions

June 17, 2019 Reuters Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week. U.S. West Texas Intermediate (WTI) crude futures were up 17 cents, or 0.3%, at $52.68 a … Read moreOil prices rise after tanker attacks stoke Middle East tensions

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Do You Have a Positive Air Shut-Off Systems (PASS) to Protect Your Equipment? – Shocker PASS by Headwind Solutions

You can protect your equipment from the dangers of exposure to diesel engine runaway with Positive Air Shutoff Systems (PASS). Many catastrophic accidents —including some major disasters, where people tragically lost their lives — have happened because diesel engines were not equipped with PASS. Commonly referred to as an air intake shutoff valve, e-kill (electric/electronic … Read moreDo You Have a Positive Air Shut-Off Systems (PASS) to Protect Your Equipment? – Shocker PASS by Headwind Solutions

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Canada Weekly Rig Count Up 4 for Week Ending June 14, 2019

Canada’s drilling rig count up 4 actively drilling rigs according to data collected by Baker Hughes for the week ending June 14, 2019. From one week ago, Alberta rig counts decreased 7 to 56 and the Saskatchewan rig count increased 12 to 37. Oil drilling increased 10 to 69 and gas decreased 6 to 38. … Read moreCanada Weekly Rig Count Up 4 for Week Ending June 14, 2019

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First Nations Coalitions Prepare for a Possible Greenlight of the Trans Mountain Expansion Tomorrow – Maureen McCall

by Maureen McCall When the Federal  Liberals announced last May that they were buying the Trans Mountain pipeline for $4.5B to ensure the expansion would be built, Finance Minister Bill Morneau stated the project was in the national interest, and proceeding with it will preserve jobs, reassure investors and get resources to world markets. He … Read moreFirst Nations Coalitions Prepare for a Possible Greenlight of the Trans Mountain Expansion Tomorrow – Maureen McCall

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First Nations Collaboration and Ownership of Energy Companies – Calgary Petroleum Club -June 20, 2019

CAPP’s November 2018 economic report, “Toward a Shared Future: Canada’s Indigenous Peoples and the Oil and Natural Gas Industry” states that Canada’s oil and natural gas industry has an important opportunity to enhance its relationship with Indigenous peoples by working to support the broader reconciliation process and Indigenous self-determination. Increasingly, Indigenous communities are seeking deeper … Read moreFirst Nations Collaboration and Ownership of Energy Companies – Calgary Petroleum Club -June 20, 2019

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Crude Posts Weekly Decline as Demand Fears Blunt Tanker Attacks

Jun 13, 2019 by Rita Devlin Marier (Bloomberg) Oil posted a weekly decline as the escalating U.S.-China trade war and swelling American stockpiles overshadowed tanker attacks in the Middle East.Futures settled up 0.4% in New York on Friday but still closed the week down 2.7%. London-traded contracts slid for a fourth straight week. The White House blamed Iran for … Read moreCrude Posts Weekly Decline as Demand Fears Blunt Tanker Attacks

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EnergyNow GUEST INVITATION: 21st ANNUAL BIG GUNS STAMPEDE BREAKFAST – The Energy Industry’s Biggest Annual “Meet & Greet” Event

We Would Love For You to Join Us as Our Special Guest Western Canada’s Largest Energy Industry “Meet & Greet” Stampede Breakfast  The 21st Annual BIG GUNS STAMPEDE BREAKFAST Each year, all areas of the Energy Industry come to this grand event to Meet, Great & Network This year will be no different, only better! … Read moreEnergyNow GUEST INVITATION: 21st ANNUAL BIG GUNS STAMPEDE BREAKFAST – The Energy Industry’s Biggest Annual “Meet & Greet” Event

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U.S. oil drillers cut rigs for second week in a row

June 14, 2019 U.S. energy firms reduced the number of oil rigs operating for a second week in a row, with the country’s production growth expected to slow as crude prices dropped close to their lowest levels of the year and most drillers cut spending. Drillers cut one oil rig in the week to June … Read moreU.S. oil drillers cut rigs for second week in a row

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Schulich Buys 5% of MEG Energy Despite Canadian Energy Concerns

MEG Energy Logo Feature

Jun 13, 2019 by Doug Alexander and Michael Bellusci (Bloomberg) Canadian investor Seymour Schulich said he bought about 5% of MEG Energy Corp. for the first time “in the last couple of weeks,” underscoring his bullish view on energy despite his concerns that Canada is squandering its resource legacy.“We’ve got a window here and it’s somewhere between … Read moreSchulich Buys 5% of MEG Energy Despite Canadian Energy Concerns

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Five Things to Know in World Business Today

Jun 14, 2019 by Samuel Potter (Bloomberg) Trouble with Tehran, companies lobby Trump on tariffs, and a new era for White House communications. Here are some of the things people in markets are talking about today. Risky business Given all the angst over trade and growth coursing through financial markets, a sudden uptick in geopolitical tensions is ill-timed, … Read moreFive Things to Know in World Business Today

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Oil Set for Weekly Loss as Demand Fears Eclipse Mideast Tension

 by Heesu Lee and Grant Smith (Bloomberg) Oil headed for a weekly decline as the tanker attacks in the Middle East were overshadowed by a deepening trade war and swelling U.S. stockpiles.Futures slipped in New York on Friday and were poised for a 3.4% weekly loss. The White House blamed Iran for the attacks near the Strait of … Read moreOil Set for Weekly Loss as Demand Fears Eclipse Mideast Tension

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Hydrogen Is the Fuel of the Future. For Real This Time, IEA Says

IEA Logo Feature

Jun 14, 2019 by Dan Murtaugh (Bloomberg) Hydrogen, which has been touted as the fuel of the future much of the past five decades, may finally be on the verge of converting its potential to reality.Governments, automakers and even oil and gas giants are part of a growing coalition pushing a larger role for the … Read moreHydrogen Is the Fuel of the Future. For Real This Time, IEA Says

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U.S., Canada, Brazil Oil Output Nearly Doubles in Last Decade

 Jun 13, 2019, 11:11 am, by Alex Tanzi and Wei Lu (Bloomberg) —From 2008 to 2018 the amount of oil produced by the U.S, Canada and Brazil almost doubled. These three countries now produce roughly one quarter of the world’s oil, according to BP’s annual Statistical Review of World Energy 2019.The U.S. alone in this time has … Read moreU.S., Canada, Brazil Oil Output Nearly Doubles in Last Decade

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Cequence Energy Announces Credit Facility Renewal

June 14, 2019  | Source: Cequence Energy Ltd CALGARY, Alberta, June 14, 2019 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce that it has entered into an amended credit facility agreement (the “Credit Facility”) with its lender. The Credit Facility will mature on June 16, 2020 and the … Read moreCequence Energy Announces Credit Facility Renewal

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Six Years after the Alberta Flood, a SPARK Member Recalls How a Financial Institution Stepped Up to the Plate

SparkTECU-Logo-400x270

After the 2013 Alberta floods affected their family’s home, credit union member Kim Spence recalls how SPARK The Energy Credit Union stepped up to help in a time of need. The Spence’s family home was located in the Calgary neighborhood of Sunnyside, just across the Bow River from the SPARK’s head office. While 8 feet … Read moreSix Years after the Alberta Flood, a SPARK Member Recalls How a Financial Institution Stepped Up to the Plate

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Ulterra Brings Matrix Drill Bit Manufacturing to Canada with the Expansion of their Canadian Manufacturing Facility

Leduc, Alberta, Canada Ulterra Drilling Technologies, one of the world’s fastest growing suppliers of PDC drill bits for the oil and gas industry, has expanded their manufacturing facility in Leduc, Alberta, Canada. The addition of this facility is part of Ulterra’s overall strategy to increase manufacturing capabilities by 70% worldwide. The expansion involves the former … Read moreUlterra Brings Matrix Drill Bit Manufacturing to Canada with the Expansion of their Canadian Manufacturing Facility

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Canadian oil output growth forecast halved to 1.4% annually

June 13, 2019 Reuters Canadian oil production will grow by 1.4% annually until 2035, the Canadian Association of Petroleum Producers (CAPP) forecast on Thursday, halving its forecast from five years ago due to constraints by lack of new pipelines and inefficient regulation. The Calgary-based industry body said output will increase to 5.86 million barrels per day … Read moreCanadian oil output growth forecast halved to 1.4% annually

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CAODC is Disappointed and Frustrated with the Federal Government’s Decision on Bill C-69

The Canadian Association of Oilwell Drilling Contractors (CAODC) is disappointed and frustrated with the federal government’s decision not to accept all of the Senate’s amendments to C-69. “Our members are facing an existential crisis and it’s unclear whether the federal government is ignorant or simply has a deliberate strategy to cause harm to the industry. … Read moreCAODC is Disappointed and Frustrated with the Federal Government’s Decision on Bill C-69

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TODAY! Executive Chair of Project Reconciliation to Discuss Indigenous Projects at Global Petroleum Show

Project Reconciliation Feature 400x270

Project Reconciliation is a non-partisan, First Nations-led initiative that has invited Indigenous communities in B.C., Alberta and Saskatchewan to buy a majority stake (51 per cent) in the Trans Mountain pipeline and expansion project (TMX). (CNW Group/Project Reconciliation) NEWS PROVIDED BY Project Reconciliation Jun 13, 2019, CALGARY, June 13, 2019 /CNW/ – Project Reconciliation Executive … Read moreTODAY! Executive Chair of Project Reconciliation to Discuss Indigenous Projects at Global Petroleum Show

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Five Things to Know About World Business Today

Jun 13, 2019 by Samuel Potter (Bloomberg) Trump is picking more fights, oil’s roller coaster week, and a lull in Hong Kong. Here are some of the things people in markets are talking about today. Combative Trump Fresh from a bust-up with Mexico and still mired in disputes with the likes of China and Iran, Donald Trump upped his criticism of Germany … Read moreFive Things to Know About World Business Today

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OPEC Warns That Trade Tensions Are Hurting Global Oil Demand

Jun 13, 2019  by Grant Smith (Bloomberg) OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead.The organization, due to meet in the coming weeks to set production levels for the second half, said demand increased by less than 1 million … Read moreOPEC Warns That Trade Tensions Are Hurting Global Oil Demand

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Oil Surges as Tankers in Gulf Suffer Another Suspected Attack

Jun 12, 2019 by Heesu Lee and Grant Smith (Bloomberg) Oil rebounded from the lowest in almost five months as two tankers were damaged in a suspected attack in the Gulf of Oman, just weeks after a previous incident in the region.Brent crude soared as much as 4.5% following reports of an assault on ships near the … Read moreOil Surges as Tankers in Gulf Suffer Another Suspected Attack

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