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Mayor of Victoria, Lisa Helps to Tour Cenovus Foster Creek Oil Sands Facility with Calgary Councillor Jeff Davison, Canada Action & Industry Leaders

April 25, 2019  by Calgary Councillor Jeff Davison This Friday, Canada Action and I will lead a tour of Cenovus’ Foster Creek Oil Sands project with the Mayor of Victoria, Lisa Helps, along with industry leaders. We will visit a steam-assisted gravity draining oil sands project and will be meeting with local stakeholders. As you … Read moreMayor of Victoria, Lisa Helps to Tour Cenovus Foster Creek Oil Sands Facility with Calgary Councillor Jeff Davison, Canada Action & Industry Leaders

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‘Don’t shoot yourself in the foot’: Inside Mexico’s campaign to save NAFTA

The flags of Canada, Mexico and the U.S. are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico March 5, 2018. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) – In April 2017, a group of Mexican executives filed into the Texas governor’s mansion in Austin for a meeting they hoped would help save a trillion-dollar trade deal. They had a simple pitch for their audience – Republican Governor Greg Abbott, a handful of business leaders and some party donors: it … Read more‘Don’t shoot yourself in the foot’: Inside Mexico’s campaign to save NAFTA

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Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change

April 24, 2019  | Source: Pieridae Energy Limited NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR  DISSEMINATION IN UNITED STATES CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Corporation”) (PEA – TSXV) released its 2018 financial and operating results today, highlighting the fact it took some key steps forward … Read morePieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change

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Trump’s Widening OPEC Fight Puts Saudi Oil Capacity in Spotlight

Apr 25, 2019, by Grant Smith (Bloomberg) The biggest threat to President Donald Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations. The White House plans to choke off oil exports from Iran without triggering a spike in prices largely by getting Saudi Arabia, the only OPEC member … Read moreTrump’s Widening OPEC Fight Puts Saudi Oil Capacity in Spotlight

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Precision Drilling Corporation Announces 2019 First Quarter Unaudited Financial Results

Precision Drilling Logo

April 25, 2019  | Source: Precision Drilling Corporation CALGARY, Alberta, April 25, 2019 (GLOBE NEWSWIRE) — (Canadian dollars except as indicated) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the … Read morePrecision Drilling Corporation Announces 2019 First Quarter Unaudited Financial Results

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Five Things to Know in World Business Today

Apr 25, 2019, by Samuel Potter (Bloomberg) Everything is fine Well done to Facebook Inc., whose first-quarter revenue rose a better-than-projected 26 percent on the strength of its advertising business. (Five Things loves it when the good guys win. Speaking of which, the company also said it’s setting aside a few billion dollars or so related to … Read moreFive Things to Know in World Business Today

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Brent Crude Oil Rises to $75 on Iran Risk, Russia Supply Outage

Apr 25, 2019, by Alex Longley (Bloomberg) Brent crude reached $75 a barrel for the first time since October as the U.S. decision to remove Iran sanctions waivers combined with a drop in Russian flows to fuel supply fears. Futures in London rose as much as 1.4 percent, gaining for a fifth session. Saudi Arabia … Read moreBrent Crude Oil Rises to $75 on Iran Risk, Russia Supply Outage

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LNG projects on both East and West Coasts seek new markets for Alberta’s natural gas sector – Luncheon & Presentation May 16th – Details HERE

With the change of leadership in Alberta, Jason Kenney’s pledge to revitalize Alberta’s natural gas industry has renewed interest in LNG on both Coasts. His promise to implement a robust natural gas strategy is having an effect. Just a day after the Alberta election, while mainstream media focused on negative sentiments concerning oil pipelines, Quebec … Read moreLNG projects on both East and West Coasts seek new markets for Alberta’s natural gas sector – Luncheon & Presentation May 16th – Details HERE

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U.S. officials say global oil market ready for end to Iran crude exports

SINGAPORE (Reuters) – U.S. attempts to drive Iranian oil exports down to zero come against the backdrop of a global market that is sufficiently well supplied to avoid price disruptions, senior U.S. officials said on Thursday. “There’s roughly a million barrels per day (bpd) of Iranian crude (exports) left, and there is plenty of supply … Read moreU.S. officials say global oil market ready for end to Iran crude exports

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U.S. crude stockpiles jump on rise in imports: EIA

(Reuters) – U.S. crude oil stockpiles rose last week to their highest in about a year and a half as imports increased, even as refiners sharply ramped up output ahead of the summer driving season, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.5 million barrels in the week to April 19, … Read moreU.S. crude stockpiles jump on rise in imports: EIA

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Ford Motor to put $500 million into electric vehicle startup Rivian

(Reuters) – Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley’s Tesla Inc. Ford said it will use Rivian’s “skateboard” – a chassis that bundles electric motor, batteries and controls – to build a … Read moreFord Motor to put $500 million into electric vehicle startup Rivian

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Cenovus Sees Alberta Premier Shifting Rail to Private Sector

Apr 24, 2019, by Kevin Orland (Bloomberg) Cenovus Energy Inc. Chief Executive Officer Alex Pourbaix said Alberta Premier-Elect Jason Kenney may be able to find a way to shift the province’s contracts for shipping crude by rail to private producers — an option preferable to scrapping the plan altogether. Kenney, who takes office next week, … Read moreCenovus Sees Alberta Premier Shifting Rail to Private Sector

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TransGlobe Energy Corporation Announces an Operations Update

April 24, 201912:00 AM Globe Newswire This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or … Read moreTransGlobe Energy Corporation Announces an Operations Update

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Canadian Spirit Resources Inc. Announces Year End 2018 Financial Results

April 24, 2019 Globe Newswire CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) — Canadian Spirit Resources Inc. (“CSRI” or the “Corporation”) (TSXV:SPI) (OTCBB:CSPUF) announces the release of its financial results for the three and twelve months ended December 31, 2018 including the filing of its 2018 annual audited Financial Statements, Management Discussion and Analysis (“MD&A”), and Forms 51-101F1, … Read moreCanadian Spirit Resources Inc. Announces Year End 2018 Financial Results

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Cenovus delivers $1 billion of adjusted funds flow in Q1

cenovus-logo

Company continues to deleverage its balance sheet CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong operating and financial performance in the first quarter of 2019, generating more than $1 billion of adjusted funds flow, $731 million of free funds flow and cash from operating activities of … Read moreCenovus delivers $1 billion of adjusted funds flow in Q1

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Occidental offers to buy Anadarko in $57 billion deal, topping Chevron

Apr 24, 2019, by Simon Casey and Kevin Crowley (Bloomberg) Occidental Petroleum Corp. is starting a bidding war for Anadarko Petroleum Corp., making a $38 billion counteroffer in attempt to break up the proposed takeover by Chevron Corp. Occidental said Wednesday it’s offering $76 per share in cash and stock, a premium of about 20 … Read moreOccidental offers to buy Anadarko in $57 billion deal, topping Chevron

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Oil Slides as U.S. Supplies Allay Fears Over Iran Sanctions

Apr 24, 2019, by Sharon Cho and Grant Smith (Bloomberg) Oil pulled back from a six-month high as an industry report signaling a gain in U.S. crude inventories partly offset concerns over America’s campaign to halt Iranian exports. Futures in New York fell as much as 0.8 percent. Crude stockpiles rose by 6.86 million barrels … Read moreOil Slides as U.S. Supplies Allay Fears Over Iran Sanctions

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Saudi Arabia Sees No Need for Immediate Action on Oil Market

Apr 24, 2019, by Anthony DiPaola, Matthew Martin and Yousef Gamal El-Din (Bloomberg) Saudi Arabia’s energy minister said the world’s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran. The kingdom won’t significantly raise output in May … Read moreSaudi Arabia Sees No Need for Immediate Action on Oil Market

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Five Things to Know in World Business Today

Apr 24, 2019, by Lorcan Roche Kelly (Bloomberg) April 30 Negotiators led by U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing next week as both sides seek to have a trade agreement signed in the coming weeks. Despite market confidence that a deal will be done, economists continue to count … Read moreFive Things to Know in World Business Today

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XI Technologies: Roundtable on ARO emphasizes need for standardized approach to liability valuation

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. Last Thursday, April 18, XI Technologies had the honour to host more … Read moreXI Technologies: Roundtable on ARO emphasizes need for standardized approach to liability valuation

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How technology and changing business models are impacting the future of LNG – Deloitte

The liquefied natural gas (LNG) market is changing with the introduction of new technology and advent of new demand sources. How will evolving business models and new technologies shape the LNG market of tomorrow? The global natural gas supply industry is shifting from conventional business practices due to increased resource availability, technological omnipotence, and new … Read moreHow technology and changing business models are impacting the future of LNG – Deloitte

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Register To Attend An ONLINE Conference and Expo |IIoT, Automation, Blockchain, & More|

Last week Energy Connect in partnership with Energy Now, held two panel discussions on the Digitalization of Oil and Gas.   These discussions were recorded and will be broadcasted at the Energy Connect Virtual Conference & Expo May 21-22 2019.  To attend simply pre-register and join us from your computer, tablet, or phone.  Register Here At … Read moreRegister To Attend An ONLINE Conference and Expo |IIoT, Automation, Blockchain, & More|

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CRESCENT POINT DRIVES PRODUCTION COST REDUCTION USING AFTI WATCHDOG

AFTI Watchdog Logo Feature 400x270

AFTI WatchDog is pleased to announce that Crescent Point Energy Corp. (“Crescent  Point”) (TSX and NYSE: CPG) has selected the AFTI WatchDog as a key service  provider to support its field automation strategy. AFTI WatchDog is the industry leader for low-cost oil well and pipeline monitoring.  Our mission, to remove the routine well-site visit, has … Read moreCRESCENT POINT DRIVES PRODUCTION COST REDUCTION USING AFTI WATCHDOG

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CP Rail first-quarter profit rises 25 per cent on higher crude revenues

CALGARY — Canadian Pacific Railway Ltd. saw profits shoot up last quarter as crude-by-rail revenues increased and fuel costs declined. The Calgary-based company says its net income rose 25 per cent to $434 million in the quarter ended March 31, compared to $348 million in the same period in 2018. Quarterly revenues jumped to $1.77 billion, up six … Read moreCP Rail first-quarter profit rises 25 per cent on higher crude revenues

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What is Bill C-48 and five things to know about it -CAPP

The Oil Tanker Moratorium Act would limit Canada’s access to growing energy markets in Asia while still allowing foreign tanker traffic. The proposed Bill C-48, The Oil Tanker Moratorium Act, is a federal bill that would introduce laws to significantly limit Canada’s ability to export crude oil to growing global markets in Asia. Bill C-48 … Read moreWhat is Bill C-48 and five things to know about it -CAPP

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Pulse Oil Corp. Announces First Bigoray Well Encounters Over 50 Meters of Oil Pay, the Spudding Of Pulse’s Second Bigoray Well and Pulse’s Production Testing Underway at Queenstown

April 23, 2019 PR Newswire CALGARY, April 23, 2019 /PRNewswire/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) is happy to report that the first well of a two well drilling program successfully reached total depth in its first Bigoray well, located in central Alberta and Pulse is currently drilling the second well within Pulse’s Bigoray assets.  … Read morePulse Oil Corp. Announces First Bigoray Well Encounters Over 50 Meters of Oil Pay, the Spudding Of Pulse’s Second Bigoray Well and Pulse’s Production Testing Underway at Queenstown

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PrairieSky Announces Results of the Annual Meeting of Shareholders and Election of Directors

CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on April 23, 2019 (the “Meeting“) in Calgary, Alberta. The resolutions approved at the Meeting were as follows: The … Read morePrairieSky Announces Results of the Annual Meeting of Shareholders and Election of Directors

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Questerre announces proposed private placement

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it intends to complete a private placement directed towards Norwegian … Read moreQuesterre announces proposed private placement

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Gulf OPEC members ready to raise output if there is demand: sources

DUBAI (Reuters) – Gulf OPEC producers can step in to meet any oil supply shortage following a U.S. decision to end waivers on buyers of Iranian crude, but will first wait to see whether there is actual demand, OPEC and industry sources said. The United States has decided not to renew exemptions from sanctions against … Read moreGulf OPEC members ready to raise output if there is demand: sources

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Kremlin Offers Oil Giants $8 Billion Payout as Russians Struggle

Apr 23, 2019, by Anna Andrianova and Dina Khrennikova (Bloomberg) Vladimir Putin’s poll ratings are down after a tax hike squeezed cash-strapped consumers. But the Kremlin has opened the coffers to give as much as $8 billion this year to another key constituency: oil companies awash in record profits. The handouts are part of a … Read moreKremlin Offers Oil Giants $8 Billion Payout as Russians Struggle

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Canadian Oil Stocks Gifted Cash Flow `Windfall’ Amid Crude Rally

Apr 23, 2019, by Michael Bellusci (Bloomberg) Crude’s rally is a boon for Canada’s integrated oil companies, and BMO Capital Markets is urging investors to increase their exposure to cash in on the dividends and buybacks the windfall may bring. “The surge in crude oil prices is creating a cash flow windfall for many companies. … Read moreCanadian Oil Stocks Gifted Cash Flow `Windfall’ Amid Crude Rally

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TransCanada provides results of Series 7 Shares conversion elections

TransCanada-Logo-Feature

CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) — News Release — TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced today that 725,094 of its 24,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 7 (Series 7 Shares) were deposited for conversion on April 30, 2019 on a one-for-one basis into floating rate Cumulative Redeemable … Read moreTransCanada provides results of Series 7 Shares conversion elections

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Oil hits highest since November as U.S. to tighten Iran sanctions

LONDON (Reuters) – Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply. Brent crude futures were at $74.25 per barrel at 1055 GMT, up 21 cents or 0.28 … Read moreOil hits highest since November as U.S. to tighten Iran sanctions

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TSX flat as gains in energy shares offset losses in other sectors

April 22 (Reuters) – Canada’s main stock index was flat on Monday, after closing at a record high in the previous session, as gains in energy shares were offset by declines across other sectors. * At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange’s S&P/TSX Composite index was down 6.52 points, or 0.04 percent, … Read moreTSX flat as gains in energy shares offset losses in other sectors

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Weak first quarter seen for U.S. refiners, but brighter summer expected

NEW YORK (Reuters) – U.S. independent refiners are expected to roll out lower than expected first-quarter profits after a spate of outages, weak gasoline margins and a surge in the price of Canadian oil, according to analysts. Major independent refiners cut production dramatically during the quarter, with some electing to undergo maintenance rather than produce … Read moreWeak first quarter seen for U.S. refiners, but brighter summer expected

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Crude Oil Could Be Next Ammunition for Emerging-Market Rally

A rainbow is seen over a pumpjack during sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann

Apr 23, 2019, by Ben Bartenstein (Bloomberg) Emerging markets got a lift from the Federal Reserve, Donald Trump and Xi Jinping to start the year. Oil may be the next saving grace. Investors say a potential uptick in crude prices might be the latest tailwind for the developing world after the White House scrapped waivers … Read moreCrude Oil Could Be Next Ammunition for Emerging-Market Rally

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Five Things to Know in World Business Today

Apr 23, 2019, by Lorcan Roche Kelly (Bloomberg) Crude jump Oil is adding to yesterday’s gains, with a barrel of West Texas Intermediate for June delivery trading above $66 this morning while Brent crude was also higher. The move comes in the wake of the Trump administration’s decision to end waivers on the ban of Iranian … Read moreFive Things to Know in World Business Today

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Electric vehicle study sees opportunity for utilities

(Reuters) – Increasing demand for electric vehicles in the United States over the next decade will create revenue opportunities for electric utilities that invest in greater grid capacity and offer EV charging and related services, according to a study released on Tuesday. The study, by the Boston Consulting Group, assumes a significant leap in consumer … Read moreElectric vehicle study sees opportunity for utilities

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Teck Resources beats profit estimates on energy business

FILE PHOTO: Teck Resources sign is on display during the company's annual general meeting in Vancouver, British Columbia, Canada, April 22, 2010. REUTERS/Lyle Stafford/File Photo

(Reuters) – Canadian miner Teck Resources Ltd, the world’s second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices. The miner said even though commodity prices were lower than a year ago, prices rose during the first quarter and closed higher … Read moreTeck Resources beats profit estimates on energy business

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PSAC 2019  Oilfield Services Activity Mid-Year Update Luncheon – Wednesday, May 1, 2019 Details & Tickets HERE

PSAC-logo-1200x810

Wednesday, May 1, 2019 Calgary Telus Convention Centre, Macleod Hall A 120 9 Avenue SE Calgary, AB T2P 0P3 Time: 11:30 am to 12:00 noon No Host Reception 12:00 noon to 2:00 pm Lunch and Presentation   Join PSAC on May 1st for our annual Oilfield Services Activity Mid-Year Update Luncheon featuring well-known industry writer, energy policy analyst, … Read morePSAC 2019  Oilfield Services Activity Mid-Year Update Luncheon – Wednesday, May 1, 2019 Details & Tickets HERE

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PrairieSky Announces 2019 First Quarter Results

CALGARY, Alberta, April 22, 2019 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its first quarter (“Q1 2019“) operating and financial results for the period ended March 31, 2019. PRESIDENT’S MESSAGE  First Quarter 2019 Highlights: • Total revenues of $73.2 million, up 42% from $51.6 million in … Read morePrairieSky Announces 2019 First Quarter Results

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Canadian conservative stars cast shadow over Trudeau rival’s hopes

OTTAWA (Reuters) – Right-leaning Canadian politicians have won important elections over the last year, but it may do Liberal Prime Minister Justin Trudeau more good in October’s national vote than his little-known Conservative Party challenger. Andrew Scheer, 39, has struggled to become a household name since taking over as leader of the federal Conservatives in … Read moreCanadian conservative stars cast shadow over Trudeau rival’s hopes

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How Trump’s Stifling of Iran Waivers Affects the OPEC+ Oil Cuts

Apr 22, 2019, by Salma El Wardany (Bloomberg) The U.S. is ending waivers that let countries buy Iranian crude without running afoul of sanctions, threatening to squeeze oil supplies in an already tight market. The decision may also jeopardize the deal that OPEC and allied suppliers including Russia reached to limit output until the end … Read moreHow Trump’s Stifling of Iran Waivers Affects the OPEC+ Oil Cuts

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Hey Leo, Big Fan, But I Have A Few Questions…Can We Do Lunch? – Cody Battershill

by Cody Battershill  Calgaryism, REMAX REALTOR® and Energy Advocate  Follow Cody on LinkedIn Did you know that same study found the “dirtiest oil in North America” is not produced in Canada, but just outside your own hometown of Los Angeles, where the Placerita oil field generates about twice the level of upstream emissions as Canada’s … Read moreHey Leo, Big Fan, But I Have A Few Questions…Can We Do Lunch? – Cody Battershill

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Clear Blue Technologies’ Smart City Lights Replace The Grid In Long Island Project

20 Illumient Smart Off-Grid lighting systems replaced electric grid lighting on a parking garage roof in Hicksville, New York TORONTO, April 18, 2019 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (“Clear Blue” or “the Company”) (TSXV:CBLU) today announced its collaboration with Pullman SST, Inc. to illuminate the top level of a 1,400 space parking … Read moreClear Blue Technologies’ Smart City Lights Replace The Grid In Long Island Project

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Five Things to Know in World Business Today

Apr 22, 2019, by Lorcan Roche Kelly and Samuel Potter (Bloomberg) Crude jump The Trump administration won’t renew waivers that allowed countries to buy Iranian crude without facing U.S. sanctions, according to four people familiar with the matter. Oil rose to the highest level in almost six months as investors, already concerned about supply constraints, … Read moreFive Things to Know in World Business Today

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Oil Jumps as U.S. Is Said to End Iran Waivers After May 2 Expiry

Apr 22, 2019 by Sharon Cho, Tsuyoshi Inajima and Verity Ratcliffe (Bloomberg) Oil rose to the highest level in almost six months as the U.S. government was said to eliminate sanction waivers that allowed buyers to import Iranian crude. Futures in London jumped as much as 3.3 percent to the highest intraday price since early … Read moreOil Jumps as U.S. Is Said to End Iran Waivers After May 2 Expiry

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Precision Drilling Corporation Announces Webcast of 2019 Annual and Special Meeting of Shareholders

Precision-Drilling-Feature

April 22, 2019  | Source: Precision Drilling Corporation CALGARY, Alberta, April 22, 2019 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) (TSX:PD) (NYSE:PDS) will hold its 2019 Annual and Special Meeting of Shareholders on Friday, May 3, 2019 at Eighth Avenue Place, 525 – 8th Avenue SW, Suite 410, Calgary, Alberta commencing at 1:00 p.m. MT. A live … Read morePrecision Drilling Corporation Announces Webcast of 2019 Annual and Special Meeting of Shareholders

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DRILLFORM PARTNERING WITH ATLANTICA TO PROVIDE NEXT GENERATION OFFSHORE IRON ROUGHNECK

April 22, 2019 – Recognizing the demand for improved efficiency, reduced downtime, and lowered maintenance costs, Atlantica Tender Drilling Ltd has partnered with Drillform Technical Services to replace their current make-up and break-out system. Drillform’s innovative Bulldog 130 Automated Floor Wrench (BD130) will be installed on Atlanticas’ Bass Drill Beta semi-submersible tender assist drill rig, … Read moreDRILLFORM PARTNERING WITH ATLANTICA TO PROVIDE NEXT GENERATION OFFSHORE IRON ROUGHNECK

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Feature Story: Raising Expectations for Efficiency in Production Operations – Raise Production Inc.

Raise Production Inc. (TSXV:RPC) is leading the way in providing disruptive technology for oil and gas production.  Utilizing a flexible approach to artificial lift technology, Raise Production is revolutionizing the way E&P companies approach wellbore efficiencies, improving asset recovery on a global scale. Elevated Production Capacity Begins with Evolution Raise Production, formed in 2011, with … Read moreFeature Story: Raising Expectations for Efficiency in Production Operations – Raise Production Inc.

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Bolongo’s focus on conservation and innovation nets two GPS award nominations

Bolongo Logo

  Bolongo is extremely proud to announce it has been nominated in two categories for the 2019 Global Petroleum Show Awards – Digital Innovator & Suzanne West Environmental Excellence. “It’s an honour to be nominated in dual categories this year,” said Stewart Worth, President & CEO. “Especially to be recognized for our positive environmental impact … Read moreBolongo’s focus on conservation and innovation nets two GPS award nominations

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Network with 250+ operations leaders at the OpEx in Energy, Chemicals & Resources Summit

The Operational Excellence in Energy, Chemicals & Resources Summit in Calgary is attended every year by over 250 heads of operations, operational excellence, HSE, maintenance and reliability operating in hazardous environments. Focused and high-level, the event is an excellent platform to initiate new business relationships, benchmark your company performance and learn the latest strategies to achieve the … Read moreNetwork with 250+ operations leaders at the OpEx in Energy, Chemicals & Resources Summit

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Using Leading and Lagging Indicators for HSE Management – Alliance Borealis Canada

Incidents are a poor measure of HSE performance. As a lagging or reactive indicator, incidents can tell you that parts of your HSE program have failed and point toward areas that need to be fixed, but not much more. Senior management and boards might find incident statistics compelling and push down directives to improve safety … Read moreUsing Leading and Lagging Indicators for HSE Management – Alliance Borealis Canada

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Visit Workaware at the Petroleum Safety Conference 2019 – Booth#15

Workaware Feature Logo 400x270

With spring in full swing and the PSC upon us in beautiful Banff, Alberta once again the Workaware team cordially invites anyone attending to stop by the Workaware booth on the tradeshow floor and get a live demonstration of the software platform. We will have a large touchscreen monitor to showcase the desktop program as … Read moreVisit Workaware at the Petroleum Safety Conference 2019 – Booth#15

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Piping & Instrumentation Diagrams and Engineering Drawings Interpretation May 6-7, 2019 – ACM Facility Safety

ACM_Logo_feature

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 interpret P&IDs ✔ How to understand … Read morePiping & Instrumentation Diagrams and Engineering Drawings Interpretation May 6-7, 2019 – ACM Facility Safety

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Aramco to buy Shell’s stake in Saudi refining JV for $631 million

DUBAI (Reuters) – Saudi Aramco will acquire Royal Dutch Shell’s (RDSa.L) 50 percent stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on Sunday. The purchase, which is part of Aramco’s strategy to expand its downstream operations, will be completed later this year, they said in a joint statement. … Read moreAramco to buy Shell’s stake in Saudi refining JV for $631 million

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TransAlta Activists End Partnership Ahead of Annual Meeting

Apr 20, 2019, by Scott Deveau (Bloomberg) A pair of activist investors agitating for changes at TransAlta Corp. have terminated their partnership ahead of the power company’s annual general meeting slated for Friday. Mangrove Partners and an entity controlled by C. John Wilder’s Bluescape Energy Partners said in a regulatory filing late Friday that they … Read moreTransAlta Activists End Partnership Ahead of Annual Meeting

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Critical to Energy Industry Emergencies, STARS Gets First 2 New helicopters in Fleet-Wide Transition

STARS air ambulance showed off its two new helicopters last Thursday in Calgary, which should be ferrying critical patients around Alberta by the summer. After an extensive review process, the Airbus H145 was selected as the helicopter to help STARS continue to provide world-class critical car to patients in need for generations to come. The … Read moreCritical to Energy Industry Emergencies, STARS Gets First 2 New helicopters in Fleet-Wide Transition

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Canada Weekly Rig Count Stays at 66 for Week Ending April 18, 2019

Canada’s drilling rig count stays the same at 66 actively drilling rigs according to data collected by Baker Hughes for the week ending April 18, 2019. From one week ago, Alberta rig counts stays at 48 and the Saskatchewan rig count stayed at 1. Oil drilling increased 1 to 19 and gas decreased 1 to … Read moreCanada Weekly Rig Count Stays at 66 for Week Ending April 18, 2019

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Will Robots Take Your Job? What New Opportunities Lie Ahead? – Wendy Ferguson – Stick People Solutions

A Commentary by Wendy Ferguson Job security is on the minds of many with the current state of our economy and political climate, but add the threat of artificial intelligence (AI) and there is good reason why you may be concerned for your future livelihood. I will admit that I started out writing this piece … Read moreWill Robots Take Your Job? What New Opportunities Lie Ahead? – Wendy Ferguson – Stick People Solutions

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Kenney and Notley begin formal transfer of power in Alberta – Kenney’s priority to protect Alberta’s energy industry

EDMONTON — Premier Rachel Notley and incoming premier Jason Kenney are beginning the transfer of power following the Alberta election.
The two leaders have met at Government House in Edmonton for a briefing.
Kenney and his government are to be sworn i…

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U.S. oil drillers cut rigs for first week in three -Baker Hughes

April 18 (Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale, the country’s largest oil fields, continue to shrink. Drillers cut eight oil rigs in the week to April 18, bringing the total count down to 825, … Read moreU.S. oil drillers cut rigs for first week in three -Baker Hughes

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Kenney talks pipelines with Trudeau after election win, calls it cordial

April 17, 2019 EDMONTON – Jason Kenney, Alberta’s incoming premier, said he cordially talked pipelines Wednesday with Prime Minister Justin Trudeau — Kenney’s political nemesis and his election campaign pinata — and said the plan is to meet soon for a one-on-one. “He called to offer his congratulations. We spoke for about 15 minutes,” Kenney … Read moreKenney talks pipelines with Trudeau after election win, calls it cordial

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Saturn Oil & Gas Inc. Announces 2018 Year-End Reserves and 492% Increase in Proved Developed Producing Reserves

Saturn achieved record corporate reserves growth in 2018 marked by a 492% increase in proved developed producing, 323% in total proved and 467% in proved plus probable reserves April 18, 2019  | Source: Saturn Oil + Gas Inc CALGARY, Alberta, April 18, 2019 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: … Read moreSaturn Oil & Gas Inc. Announces 2018 Year-End Reserves and 492% Increase in Proved Developed Producing Reserves

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Surge Energy Inc. Announces $30 Million Convertible Debenture Financing

April 17, 2019 CALGARY, April 17, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce that it has entered into a $30 million bought-deal financing (the “Convertible Debenture Financing”) of five-year convertible unsecured subordinated debentures (the “Debentures”) with a syndicate of underwriters (the “Underwriters”) led by National Bank Financial Inc.. The Debentures … Read moreSurge Energy Inc. Announces $30 Million Convertible Debenture Financing

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Pine Cliff Energy Ltd. Announces Strategic Acquisition, CDE Flow-Through and Common Share Financings and Increased 2019 Capital Spending and Production Guidance

CALGARY, Alberta, April 17, 2019 (GLOBE NEWSWIRE) — Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce that it has entered into an agreement to acquire oil and natural gas assets (the “Assets”) in the Ghost Pine area of Central Alberta for net cash consideration of $8.6 million, after … Read morePine Cliff Energy Ltd. Announces Strategic Acquisition, CDE Flow-Through and Common Share Financings and Increased 2019 Capital Spending and Production Guidance

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U.S. crude stockpiles drop unexpectedly last week: EIA

NEW YORK (Reuters) – U.S. crude oil stockpiles fell unexpectedly last week as imports dropped, while gasoline and distillate inventories decreased less than forecasts, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.4 million barrels in week to April 12, compared with analysts’ expectations for an increase of 1.7 million barrels. A … Read moreU.S. crude stockpiles drop unexpectedly last week: EIA

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OPEC+ Cuts Oil Production and Russia’s Crude Exporters Win

Apr 17, 2019, by Brian Wingfield and Prejula Prem (Bloomberg) An alliance of countries that includes Russia is cutting oil production to end a global glut. One of the big winners: the nation’s own crude exporters. The supply cuts from the so-called OPEC+ nations, coupled with U.S. sanctions on Venezuela and Iran, have reduced the … Read moreOPEC+ Cuts Oil Production and Russia’s Crude Exporters Win

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Oil Steadies as Political Risks Mingle With Economic Worries

Apr 18, 2019, by Grant Smith (Bloomberg) Oil steadied below $64 a barrel in New York as ongoing threats to supply from political crises were offset by disappointing indicators on the global economy. West Texas Intermediate futures gained 12 cents, bringing their gain this week to 0.2 percent. A Purchasing Managers’ Index, which measures private-sector … Read moreOil Steadies as Political Risks Mingle With Economic Worries

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Five Things to Know in World Business Today

Apr 18, 2019, by Lorcan Roche Kelly (Bloomberg) Sluggish German manufacturing remains a weak spot for the euro area, with this morning’s Purchasing Managers Index for the sector coming in at a lower-than-expected 44.5 in April. A measure for services rose to 55.6, keeping the composite gauge in expansive territory. PMI for the region overall slipped to … Read moreFive Things to Know in World Business Today

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Schlumberger Sees Global Oil Industry Rebound on Rising Demand

Apr 18, 2019, by David Wethe (Bloomberg) Schlumberger Ltd., the world’s biggest oilfield servicer, said the global oil industry is set to improve in 2019, supported by a “solid demand outlook” as production cuts from OPEC and its partners take effect. Exploration and production investments are “starting to normalize as the industry heads toward a … Read moreSchlumberger Sees Global Oil Industry Rebound on Rising Demand

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Kenney Win Puts Maligned Trudeau Pipeline Law Under New Pressure

Apr 18, 2019, by Josh Wingrove (Bloomberg) Alberta’s incoming premier is already fighting pipeline law changes that are in the offing. Jason Kenney’s conservative party swept to power Tuesday in Canada’s oil heartland after a campaign in which he regularly took aim at Prime Minister Justin Trudeau. In his victory speech, Kenney also criticized Trudeau … Read moreKenney Win Puts Maligned Trudeau Pipeline Law Under New Pressure

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PSAC Congratulates Jason Kenney and UCP Government

PSAC-logo-1200x810

CALGARY, AB (April 17, 2019) – The Petroleum Services Association of Canada (PSAC) congratulates Premier-Elect Jason Kenney and the new United Conservative Party for their resounding victory last night in Alberta. PSAC also applauds all of the candidates for their outstanding efforts during the campaign. Gary Mar, President and CEO of PSAC, says, “The platform … Read morePSAC Congratulates Jason Kenney and UCP Government

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Kinder Morgan’s planned Gulf LNG export plant in Mississippi passes environmental test

(Reuters) – Kinder Morgan Inc’s proposed Gulf liquefied natural gas (LNG) export plant in Mississippi took a step toward receiving federal approval for construction on Wednesday after staff at the federal energy regulator prepared an environmental report. Construction and operation of the project would result in some adverse environmental impacts, but those “would be avoided … Read moreKinder Morgan’s planned Gulf LNG export plant in Mississippi passes environmental test

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Canadian Association of Oilwell Drilling Contractors looks forward to working with a UCP government to rebuild Alberta’s oil and gas industry.

The CAODC congratulates Premier-Designate Jason Kenney on securing a decisive victory in the 2019 Alberta provincial election. “I want to extend best wishes to Premier-Designate Kenney as he begins the formidable task of creating an environment for the province’s oil and gas industry to thrive once again,” says Mark Scholz, President and CEO.  “The difficulties … Read moreCanadian Association of Oilwell Drilling Contractors looks forward to working with a UCP government to rebuild Alberta’s oil and gas industry.

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CAPP: The United Conservative Party commits to building a prosperous future for Alberta’s oil and natural gas industry

CAPP-logo-feature

April 17, 2019 CNW CALGARY, April 17, 2019 /CNW/ – The Canadian Association of Petroleum Producers (CAPP) would like to congratulate Jason Kenney and the United Conservative Party on its victory in the 2019 Alberta election. Canadian Association of Petroleum Producers (CNW Group/Canadian Association of Petroleum Producers) CAPP urged Albertans to vote with energy in … Read moreCAPP: The United Conservative Party commits to building a prosperous future for Alberta’s oil and natural gas industry

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Anti-Trudeau Bloc Takes Shape With Conservative Win in Alberta – Only Three Provincial Liberal Provinces Remain

Apr 16, 2019 by Kevin Orland and Theophilos Argitis (Bloomberg) Alberta became the third major province in Canada over the past year to elect a conservative-leaning government in a growing front of opposition to Prime Minister Justin Trudeau’s liberal vision for the country. The United Conservative Party, founded in 2017 as a merger of two … Read moreAnti-Trudeau Bloc Takes Shape With Conservative Win in Alberta – Only Three Provincial Liberal Provinces Remain

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About those 9,000 jobs, Mr. Prime Minister – Fraser Institute Blog

— April 16, 2019 As virtually everyone knows by now, Prime Minister Trudeau is in hot water for attempting to influence attorney general Jody Wilson-Raybould in the SNC-Lavalin affair. The prime minister’s rational (and that of former principal secretary Gerald Butts) was that his concern for the 9,000 jobs ostensibly on the chopping block at SNC-Lavalin drove … Read moreAbout those 9,000 jobs, Mr. Prime Minister – Fraser Institute Blog

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High Arctic Closes Acquisition of Precision Drilling Snubbing Assets

April 16, 2019  | Source: High Arctic Energy Services Inc. NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, April 16, 2019 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (“High Arctic”) is pleased to … Read moreHigh Arctic Closes Acquisition of Precision Drilling Snubbing Assets

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Canadian Exporters Continue to Struggle Even With Rising Oil

Apr 17, 2019, by Theophilos Argitis (Bloomberg) Canada recorded smaller trade deficits than expected in the first two months of 2019 on a rally in oil prices, but figures released Wednesday show the nation’s exporters are still struggling. The nation posted a smaller-than-expected C$2.9 billion ($2.2 billion) deficit in February, and Statistics Canada revised down … Read moreCanadian Exporters Continue to Struggle Even With Rising Oil

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Oil Extends Gains as U.S. Stocks Drop, China Economy Rebounds

Apr 17, 2019, by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil rose after an industry report signaled an unexpected drop in U.S. crude inventories last week, while data showed China’s economy rebounded in the first quarter. Prices advanced as much as 0.9 percent in New York, while in London Brent futures reached a five-month high. … Read moreOil Extends Gains as U.S. Stocks Drop, China Economy Rebounds

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Five Things to Know in World Business Today

Apr 17, 2019, by Lorcan Roche Kelly (Bloomberg) 6.4 percent Chinese gross domestic product rose 6.4 percent in the first quarter from a year earlier, beating economist estimates. The better-than-expected number was driven by March data, with retail sales growth for the month at 8.7 percent and factory output recording a surprise 8.5 percent jump. The data … Read moreFive Things to Know in World Business Today

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The GeoConvention 2019 Technical Program is LIVE

Geoconvention 2019 Feature Image

Register today for GeoConvention 2019 and enhance your skills, knowledge share and network with Canada’s largest integrated geoscience conference. With access to over 300 oral presentations and another 110 Posters, GeoConvention remains the best return for your training dollar. The 2019 technical program is arguably one of the strongest we have ever hosted.  From discussions on the business and … Read moreThe GeoConvention 2019 Technical Program is LIVE

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XI Technologies: Could we have seen the 2014 downturn coming?

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. Last week, XI’s Word to the Wise article looked at how much … Read moreXI Technologies: Could we have seen the 2014 downturn coming?

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Jason Kenney’s Major Win Gives New Hope to Canada’s Beleaguered Energy Industry

The United Conservative Party under leader Jason Kenney has won a majority government in the Alberta election. Kenney jumped out front in early returns Tuesday in Alberta’s election, while Rachel Notley’s NDP was holding strong in Edmonton. The UCP were leading in rural ridings throughout the province and in some Calgary constituencies. It’s an election … Read moreJason Kenney’s Major Win Gives New Hope to Canada’s Beleaguered Energy Industry

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Commentary: Thankfully the NDP are Gone! What’s next for Alberta? – David Yager

By David Yager April 17, 2019 As anticipated, Albertans ended their four-year experiment with confessed socialism when the United Conservative Party under Jason Kenney won the April 16, 2019 provincial election. For most folks in the oilpatch and much of the private sector there was a sense of relief, not unlike discovering a prior medical … Read moreCommentary: Thankfully the NDP are Gone! What’s next for Alberta? – David Yager

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Oil Extends Gain as Report Shows Surprise Fall in U.S. Supplies

Apr 16, 2019 by Alex Nussbaum (Bloomberg) Oil extended its gains after an industry report was said to find an unexpected drop in U.S. inventories last week, bolstering the picture of a tightening crude market. Futures in New York gained as much as 1.5 percent in after-hours trading on Tuesday, after the American Petroleum Institute … Read moreOil Extends Gain as Report Shows Surprise Fall in U.S. Supplies

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Bellatrix Announces Meeting Details In Connection With Recapitalization Transaction

April 16, 2019 Globe Newswire CALGARY, Alberta, April 16, 2019 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has issued an interim order (the “Interim Order”) authorizing, among other things, the holding of the following meetings (collectively, the … Read moreBellatrix Announces Meeting Details In Connection With Recapitalization Transaction

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Obsidian Energy Announces an Operational Update on Cardium Drilling Program

April 16, 2019 CNW CALGARY, April 16, 2019 /CNW/ – OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to announce an operational update on our Cardium drilling program. “While still in the early days of my tenure as Interim President and CEO of Obsidian Energy, I continue … Read moreObsidian Energy Announces an Operational Update on Cardium Drilling Program

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Journey Energy Inc. Highlights Encouraging Test Results and Provides Update on East Duvernay Resource Play

April 15, 2019 CNW CALGARY, April 15, 2019 /CNW/ – Journey Energy Inc. (JOY – TSX) (“Journey” or the “Company“) is pleased to provide an update on our Joint Venture with Kiwetinohk Resources Corp. (“Kiwetinohk“) in the East Duvernay, including the encouraging test rates achieved by the first two commitment wells. East Duvernay Joint Venture Operational Update Since entering … Read moreJourney Energy Inc. Highlights Encouraging Test Results and Provides Update on East Duvernay Resource Play

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U.S. shale output forecast to hit record 8.46 million bpd in May: EIA

NEW YORK (Reuters) – U.S. crude oil output from seven major shale formations is expected to rise by about 80,000 barrels per day (bpd) in May to a record 8.46 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday. The largest change is forecast in the Permian Basin … Read moreU.S. shale output forecast to hit record 8.46 million bpd in May: EIA

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Five Things to Know in World Business Today

Apr 16, 2019, by Cecile Gutscher (Bloomberg) ‘More, quicker’ As U.S. bank reporting season kicks into high gear, better-than-expected results from Citigroup Inc. and Goldman Sachs Group Inc. are doing little to assuage qualms about the pace of revamps at underperforming units. At Goldman, investors are fretting about slumping equity-trading revenue. At Citi, it’s stalling growth in the … Read moreFive Things to Know in World Business Today

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Canada Business Sentiment Softens as Economy Slows; Loonie Falls

Apr 15, 2019 by Theophilos Argitis (Bloomberg) Canada’s recent economic slowdown and global trade tensions are hitting businesses confidence, according to a Bank of Canada survey. The Ottawa-based central bank’s first-quarter survey of executives — which took place in February and March — showed soft expectations for sales along with a sharp decline in the … Read moreCanada Business Sentiment Softens as Economy Slows; Loonie Falls

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OPEC Gambles With Success of Production Cuts as $80 Oil Looms

Apr 16, 2019 by Grant Smith (Bloomberg) After managing to revive oil prices through production cutbacks, OPEC now risks squandering its victory again by letting crude surge too high. In the first quarter, coordinated production curbs by the Organization of Petroleum Exporting Countries and its allies helped oil rally the most in almost a decade, … Read moreOPEC Gambles With Success of Production Cuts as $80 Oil Looms

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FieldPoint Petroleum Reports Results For Fiscal Year 2018

April 15, 2019 PR Newswire AUSTIN, Texas, April 15, 2019 /PRNewswire/ — FieldPoint Petroleum Corporation (OTC: FPPP) today announced financial results for the fiscal year ended December 31, 2018. Phillip Roberson, President and CFO, said, “The decrease in year over year revenue was due mainly to the sale of the Apache Bromide field in late 2017. The increase in loss … Read moreFieldPoint Petroleum Reports Results For Fiscal Year 2018

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ORDER YOURS NOW! From Miracle to Menace: Alberta, A Carbon Story – Author, David Yager

Written by David Yager, Calgary, Alberta Everyone understands that climate change has been identified as a threat to the world and its inhabitants. The primary cause is said to be fossil fuels. The miracle of the carbon energy sources that powered the Industrial Revolution and helped develop modern civilization—coal, oil and natural gas— are now … Read moreORDER YOURS NOW! From Miracle to Menace: Alberta, A Carbon Story – Author, David Yager

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Explosion at Shell’s Scotford refinery

April 15, 2019 Reuters Emergency crews responded to an explosion and fire at Shell’s Scotford refinery in Alberta on Monday, a company spokeswoman said. There were no reported injuries. The Scotford facility houses a 100,000 barrel-per-day refinery and a 255,000 bpd oil sands upgrader. Local media reported flames and a large plume of black smoke … Read moreExplosion at Shell’s Scotford refinery

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Harper tells private audience investors have lost faith in Canada

By Jon Erlichman While recently addressing an audience of foreign investors and oil and gas executives in London, former Prime Minister Stephen Harper cast doubt on Canada’s business environment. “The theme of his speech was that people have lost confidence in Canada,” according to the CEO of one Calgary-based oil and gas company that presented … Read moreHarper tells private audience investors have lost faith in Canada

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Parex Q1 2019 Production 51,200 boe/d – 27th Quarterly Increase

April 15, 2019 | Source: Parex Resources Inc. CALGARY, Alberta, April 15, 2019 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT), a company headquartered in Calgary, Alberta and focused on Colombian oil exploration and production, provides an operational update, highlighted by surpassing the production milestone of 50,000 barrels of oil equivalent per day … Read moreParex Q1 2019 Production 51,200 boe/d – 27th Quarterly Increase

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Canadian Natural Resources Limited Announces Establishment of Automatic Securities Purchase Plan

Canadian Natural Resources

CALGARY, Alberta, April 15, 2019 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces in connection with its previously announced Normal Course Issuer Bid (“NCIB”) to purchase up to 61,424,856 of its common shares (“Shares”), it entered into an Automatic Securities Purchase Plan (“ASPP”) with a designated broker. The ASPP is … Read moreCanadian Natural Resources Limited Announces Establishment of Automatic Securities Purchase Plan

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All aboard! Treasure on the high seas for gas dealers

LONDON (Reuters) – In the booming market for super cooled natural gas, the most precious commodity is the ship. A global quest for cleaner energy has fired up demand for liquefied natural gas (LNG), which produces less carbon dioxide than coal. But an abundance of supply has helped keep prices subdued, meaning the most profitable … Read moreAll aboard! Treasure on the high seas for gas dealers

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Five Things to Know in World Business Today

Apr 15, 2019, by Lorcan Roche Kelly (Bloomberg) Fed up with the Fed President Donald Trump took another swipe at the Federal Reserve on Twitter yesterday, blaming it for reducing growth and keeping a lid on equity prices. Trump has often expressed impatience with the monetary authority and the latest attack comes as his two picks … Read moreFive Things to Know in World Business Today

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Oil Rally Takes a Breather as U.S. Drilling Activity Picks Up

Apr 15, 2019, by Tsuyoshi Inajima (Bloomberg) Oil started the week on a softer note after completing its longest run of weekly gains in three years as a report showing increased U.S. oil-rig activity took some heat out of the rally. Futures in New York fell as much as 0.8 percent after climbing more than … Read moreOil Rally Takes a Breather as U.S. Drilling Activity Picks Up

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Brett Wilson: Canada’s ‘Economic Civil War’ Takes Center Stage in Alberta Vote

Apr 15, 2019, by Kevin Orland (Bloomberg) For a guy who says one of his fondest memories as a Canadian was watching the Quebec separatist movement fail at the ballot box in 1995, Brett Wilson sure talks a lot about his own province seceding. The entrepreneur, investor and philanthropist has been bringing up the idea … Read moreBrett Wilson: Canada’s ‘Economic Civil War’ Takes Center Stage in Alberta Vote

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Canada’s Vermilion to drill new exploration wells in central Europe

ZAGREB (Reuters) – Canada’s Vermilion Energy will drill its first two exploration wells in Croatia in June, a senior official from the company said on Monday. Vermilion won four license in 2015 for oil and gas exploration in Croatia’s flat northeastern areas and the drilling will take place on one of these. “Although we see … Read moreCanada’s Vermilion to drill new exploration wells in central Europe

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The $18 Billion Electric-Car Bubble at Risk of Bursting in China

Apr 14, 2019, by Bloomberg News (Bloomberg) An iPhone assembler, e-commerce emporium and real-estate developer typically don’t compete in the same business — except when it comes to electric vehicles in China. That’s because of a seismic shift toward EVs, which has spurred billions of dollars in investments by traditional carmakers, startups and titans of … Read moreThe $18 Billion Electric-Car Bubble at Risk of Bursting in China

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STEP’s Legal Team Wins Award

Step Energy Services Feature

Over the past few years, STEP’s highly experienced legal team has supported the Company through an initial public offering, rapid employment growth, mergers and acquisitions. We are proud to share that STEP’s legal team has been recognized as one of Canada’s top in-house legal teams of 2019. The group is comprised of three experienced counsel; … Read moreSTEP’s Legal Team Wins Award

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SURPLUS EQUIPMENT: Waukesha L5774LT Ariel JGK-2 Reciprocating Compressor, 1250 hp – Ironhub

Iron Hub Logo Feature

Click here to see the specifications for Waukesha L5774LT Ariel JGK-2 Reciprocating Compressor, 1250 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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Eclipse E-Line Services Inc. is pleased to announce that we have entered into a License and Technology Transfer Agreement with Flodim to offer their suite of Cavern Logging instruments to the Canadian market.

Eclipse Logo Feature

Eclipse E-Line Services Inc. is pleased to announce that we have entered into a License and Technology Transfer Agreement with Flodim to offer their suite of Cavern Logging instruments to the Canadian market. Flodim is headquartered in Manosque, France and has operations in Brazil, Mexico, Turkey and a similar Licensing Agreement with Sonic Surveys in … Read moreEclipse E-Line Services Inc. is pleased to announce that we have entered into a License and Technology Transfer Agreement with Flodim to offer their suite of Cavern Logging instruments to the Canadian market.

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Diesel Engine Runaway – The risk is real and it is your obligation to provide a safe worksite – Pacbrake

Pacbrake Logo Feature 400x270

Oil and gas production, refining, petrochemical processing, and mining are all industries where flammable hydrocarbon emissions or leaks may occur in a diesel engine’s operating environment. If you work in or provide services to these industries and you are around a diesel engine, you need to be aware of the risk to your crew and … Read moreDiesel Engine Runaway – The risk is real and it is your obligation to provide a safe worksite – Pacbrake

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Three Types of Businesses That Can Greatly Benefit From Factoring Accounts Receivables – Factors Western

factors western logo feature image

Although there are countless types of businesses that can benefit from the advantages of factoring their accounts receivable, here are three common ones: New Businesses – whether a brand new start up, or still within the first two years of operating, gaining access to capital can be difficult without a proven track record.  Factoring can … Read moreThree Types of Businesses That Can Greatly Benefit From Factoring Accounts Receivables – Factors Western

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Osprey launches thermal condition monitoring solutions for the Oil & Gas industry

Osprey Logo - December 2018 Update Feature

Osprey’s intelligent visual monitoring platform Osprey Reach paired with thermal cameras dramatically improves incident response and reporting. Our solutions for injection well leak detection, flare stack monitoring and storage tank venting detection are proven to deliver a strong return on investment, while also protecting the environment. Find out how you can protect your assets and … Read moreOsprey launches thermal condition monitoring solutions for the Oil & Gas industry

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TOMORROW! ONLY A FEW TICKETS LEFT! Panel Discussion: Digital Transformation of Oil & Gas: The Opportunity – April 16, 2019 -Calgary Petroleum Club

Buy Tickets The oil and gas industry has taken its first tentative steps towards a more digital future, and the opportunity to be captured are beginning to take shape. But which opportunities offer the greatest gains, and how long will it take for those gains to be realised? In a capital constrained world, business must … Read moreTOMORROW! ONLY A FEW TICKETS LEFT! Panel Discussion: Digital Transformation of Oil & Gas: The Opportunity – April 16, 2019 -Calgary Petroleum Club

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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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Canadian Dollar’s Bullish 2019 Run May Soon Run Out of Fuel

Apr 14, 2019, by Misyrlena Egkolfopoulou (Bloomberg) A surge of more than 40 percent in oil prices has helped make the Canadian dollar one of this year’s best performing major currencies. That resiliency could soon be tested if crude loses momentum. Many forecasters appear skeptical about the prospects for oil to advance much beyond its … Read moreCanadian Dollar’s Bullish 2019 Run May Soon Run Out of Fuel

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Pipestone Energy Corp. Announces Performance Share Unit and Restricted Share Unit Grant

April 12, 2019 | Source: Pipestone Energy Corp. CALGARY, Alberta, April 12, 2019 (GLOBE NEWSWIRE) — Pipestone Energy Corp. (“Pipestone Energy” or the “Corporation”) (TSX-V: PIPE) announces the grant of 180,000 performance share units (“PSUs”) and 120,000 restricted share units (“RSUs”) to its Chief Financial Officer. The PSUs and RSUs vest over a period of three years.  … Read morePipestone Energy Corp. Announces Performance Share Unit and Restricted Share Unit Grant

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Cardinal Energy Ltd. Announces Budget Update and Increase to Monthly Dividend

April 12, 2019  | Source: Cardinal Energy Ltd. CALGARY, Alberta, April 12, 2019 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce that with improved commodity pricing and the security of its oil hedging position that it is increasing its 2019 budget guidance and dividend rate. Budget Update: Using an … Read moreCardinal Energy Ltd. Announces Budget Update and Increase to Monthly Dividend

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Brad Wall: Pipelines, the Vote and the Real Rachel Notley: Rick Bell

This Article – Calgary Sun Rick Bell More from Rick Bell Brad Wall, the still-popular former Saskatchewan premier, isn’t mincing his words. He’s not that kind of guy. He’s talking truth to power. That’s a good thing, a very good thing, especially when this brutal election campaign enters its eleventh hour. And speaking of the … Read moreBrad Wall: Pipelines, the Vote and the Real Rachel Notley: Rick Bell

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US crude rises 31 cents, settling at $63.89, on tightening oil supply

April 12, 20193 Reuters Oil prices on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese economic data eased concerns about waning crude demand. The oil market also followed global stock markets higher after positive corporate earnings results from JP Morgan. The … Read moreUS crude rises 31 cents, settling at $63.89, on tightening oil supply

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Red Pine Announces Changes to Board and Management

April 12, 20191:25 PM Accesswire VANCOUVER, BC / ACCESSWIRE / April 12, 2019 / Red Pine Petroleum Ltd. (TSXV: RPN) (the “Company“) today announced that Paul Chung and Ming Sheng have resigned as directors and, respectively, Chief Executive Officer and President, and Chief Financial Officer and Secretary of the Company. The Company has appointed Michael Lerner … Read moreRed Pine Announces Changes to Board and Management

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

(Reuters) – U.S. energy firms this week increased the number of oil rigs operating for a second week in a row with crude futures up more than 40 percent so far this year. Companies added two oil rigs in the week to April 12, bringing the total count to 833, General Electric Co’s Baker Hughes … Read moreU.S. drillers add oil rigs for second week in a row

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Canada Weekly Rig Count Down 2 for Week Ending April 12, 2019

Canada’s drilling rig count decreased by 2 actively drilling rigs according to data collected by Baker Hughes for the week ending April 12, 2019. From one week ago, Alberta rig counts decreased 4 to 48 and the Saskatchewan rig count stayed at 1. Oil drilling decreased 4 to 18 and gas increased 2 to 48. … Read moreCanada Weekly Rig Count Down 2 for Week Ending April 12, 2019

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Angus Reid Poll : Alberta Election: UCP leads by a wide margin, but gap with NDP has narrowed since election call

Age and education drive massive differences in vote intention April 12, 2019 – With early voting underway and less than a week until election day, the 2019 Alberta general election is still the United Conservative Party’s to lose, but the governing New Democratic Party has the momentum. This, according to a new public opinion poll from … Read moreAngus Reid Poll : Alberta Election: UCP leads by a wide margin, but gap with NDP has narrowed since election call

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Chevron Buys Anadarko in $33 Billion Bet on Shale Oil, LNG

Apr 12, 2019, by Kimberly Yuen, Javier Blas and Kelly Gilblom (Bloomberg) Chevron Corp. agreed to buy Anadarko Petroleum Corp. in a $33 billion bet on the Permian shale-oil region and liquefied natural gas, intensifying a battle with Exxon Mobil Corp. to be America’s top energy company. Chevron is making a double bet on what … Read moreChevron Buys Anadarko in $33 Billion Bet on Shale Oil, LNG

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