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Syncrude Canada crude production offline through July – Will open pipeline capacity

June 24, 2018 Reuters Production at Syncrude Canada’s oil sands facility near Fort McMurray, Alberta is offline at least through July, after a power outage this week, a spokesman said on Friday.Syncrude, a joint venture majority owned by Suncor Energy Inc (SU.TO), with minority stakes held by Imperial Oil Ltd (IMO.TO) and others, has shut down … Read moreSyncrude Canada crude production offline through July – Will open pipeline capacity

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Saudis Pledge Decisive Oil Supply Boost to Comfort Consumers

Saudi Energy Minister Khaled al-Falih and Russian Energy Minister Alexander Novak. Photo: AMER HILABI/AFP/Getty Images

June 23, 2018, by Javier Blas, Elena Mazneva, Grant Smith and Laura Hurst (Bloomberg) Saudi Arabia promised to act decisively to keep oil prices under control, signaling a real supply boost approaching 1 million barrels a day is on the way to global markets. “We will do whatever is necessary to keep the market in … Read moreSaudis Pledge Decisive Oil Supply Boost to Comfort Consumers

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Nearly half of Iowa crude oil spill contained, BNSF says

June 24, 2018 (Reuters) – Workers have contained nearly half of the crude oil spilled near Rock River in northwest Iowa over the weekend following a freight train derailment on Friday, BNSF Railway Co said. About 100,000 gallons had been hemmed off using booms out of the estimated 230,000 gallons spilled, BNSF said in a … Read moreNearly half of Iowa crude oil spill contained, BNSF says

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NEB approves modified Burnaby Terminal plans for Trans Mountain project

CALGARY — The National Energy Board says it has approved modified plans for the Burnaby Terminal of the Trans Mountain pipeline project, clearing a final regulatory hurdle for construction to start. The regulator says the approved variance application will significantly improve safety at the terminal, which is the end point for the controversial pipeline the federal government has agreed … Read moreNEB approves modified Burnaby Terminal plans for Trans Mountain project

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U.S. energy secretary to meet Russia’s oil minister on Tuesday

y Timothy Gardner WASHINGTON, June 22 (Reuters) – U.S. Energy Secretary Rick Perry will meet Russia’s oil minister next week in Washington, a person familiar with the situation said on Friday, as the two countries compete to supply global markets with natural gas and crude. Perry will meet Russian Oil Minister Alexander Novak on Tuesday, … Read moreU.S. energy secretary to meet Russia’s oil minister on Tuesday

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U.S. Oilfield service investors pull back on worries about U.S. crude production

June 22, 2018, by Liz Hampton HOUSTON (Reuters) – Shares of U.S. oilfield service companies have fallen by more than 8 percent in the past month as worries about margins in the shale patch are clouding the sector’s nascent recovery. The Philadelphia SE Oil Service Index, which tracks the 15 largest publicly traded oilfield service … Read moreU.S. Oilfield service investors pull back on worries about U.S. crude production

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Train from Alberta derails in Iowa, leaking crude oil into floodwaters from rain-swollen river

14 of 32 derailed oil tanker cars dumped an estimated 871,000 litres of crude oil The Associated Press · Posted: Jun 23, 2018  A freight train from Alberta derailed in northwest Iowa on Friday, leaking crude oil into flooded fields flanking the tracks 1:24 A freight train from Alberta derailed in northwest Iowa on Friday, leaking approximately 871,000 litres of crude … Read moreTrain from Alberta derails in Iowa, leaking crude oil into floodwaters from rain-swollen river

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Your 12 Month Digital Marketing Plan on EnergyNow – Generate Exposure & Leads: Get Your Marketing Kit HERE!

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Canada Weekly Rig Count Up 21 to 160 for Week Ending June 22, 2018

Drilling Rig 400x270

Canada’s drilling rigs went up by 21 to the current count of 160 actively drilling rigs according to data collected by Baker Hughes for the week of June 22nd. From one week ago, Alberta rig counts increased 12 to 103 and the Saskatchewan rig count increased by 9 to 39. Oil drilling went up 16 … Read moreCanada Weekly Rig Count Up 21 to 160 for Week Ending June 22, 2018

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U.S. oil drillers cut rigs for 1st time in 12 weeks

(Reuters) – U.S. energy companies this week cut one oil rig, the first reduction in 12 weeks, after drillers started to slow down the rate of additions this month as pipeline constraints put a damper on future production. The total oil rig count dipped to 862 in the week to June 22, General Electric Co’s … Read moreU.S. oil drillers cut rigs for 1st time in 12 weeks

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Oil jumps as OPEC agrees to modest output hikes

June 22, 2018 Reuters NEW YORK (Reuters) – Oil prices soared on Friday after oil producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand. U.S. light crude was up $3.11, or 4.7 percent at $68.65, supported by the OPEC announcement and by an expected drawdown … Read moreOil jumps as OPEC agrees to modest output hikes

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Groundbreaking Indigenous lead event coming to Calgary in 2019: Empowering Indigenous Economies

Forward Summit Logo Feature

Adding to the excitement of National Indigenous Peoples Day, local event organizers, Connect Partnership Group, are pleased to share the news about Forward Summit; a national, cross-industry discussion to drive meaningful change and strengthen relationships between Indigenous Peoples and the business community. This two-day summit will launch at the Calgary TELUS Convention Centre in February … Read moreGroundbreaking Indigenous lead event coming to Calgary in 2019: Empowering Indigenous Economies

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More than 20 nations seek lead in setting tougher climate goals

June 21, 2018, by Alister Doyle OSLO (Reuters) – More than 20 nations ranging from Germany, France and Britain to Pacific island states said on Thursday they planned to “lead from the front” in setting new, tougher goals by 2020 to cut greenhouse gas emissions under the Paris climate agreement. They welcomed a decision by … Read moreMore than 20 nations seek lead in setting tougher climate goals

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Imperial committed to long-term shareholder value

June 22, 2018 Business Wire 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 807,823,922 outstanding common shares as of June 13, 2018, or a maximum of 40,391,196 shares during the next … Read moreImperial committed to long-term shareholder value

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Tidewater announces fifteen-year liquids agreement with investment grade counterparty, successful turnaround at BRC and second quarter 2018 dividend

June 22, 2018 CNW Fifteen-year liquids premium agreement CALGARY, June 22, 2018 /CNW/ – Tidewater Midstream and Infrastructure Ltd. (TSX: TWM) (“Tidewater” or the “Corporation“) is pleased to announce that it has entered into a fifteen-year liquids sale commitment with an investment grade counterparty, in exchange for an agreed upon liquids pricing premium. BRC turnaround Tidewater announces today … Read moreTidewater announces fifteen-year liquids agreement with investment grade counterparty, successful turnaround at BRC and second quarter 2018 dividend

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Oil Gains as OPEC Is Said to Agree Deal to Increase Production

Oil-Prices

June 22, 2018 by Alex Longley (Bloomberg)  Brent crude gained in London as OPEC ministers were said to agree upon a deal in principle too boost production. Futures gained as much as 3 percent, reversing a slump on Thursday when it appeared that Iran might walk away from a deal, encouraging rival producers including Saudi … Read moreOil Gains as OPEC Is Said to Agree Deal to Increase Production

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U.S. Is Out of Sync With World on Climate Change, Canada Says

June 21, 2018 by Ewa Krukowska and Jonathan Stearns (Bloomberg)  Canada has an environmental message for Donald Trump: you can’t stop the global campaign against climate change and you will hurt the U.S. by abandoning the battle. Canadian Environment and Climate Change Minister Catherine McKenna said countries around the world are forging ahead with measures … Read moreU.S. Is Out of Sync With World on Climate Change, Canada Says

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Russia-Saudi plans for ‘super-OPEC’ could reshape global oil order

Saudi Energy Minister Khaled al-Falih and Russian Energy Minister Alexander Novak. Photo: AMER HILABI/AFP/Getty Images

June 22, 2018, by Bloomberg (Arabian Business) Russia and Saudi Arabia are considering inviting all 24 countries to join a permanent body with its own constitution and secretariat. When the group overseeing the so-called OPEC+ deal met last night, proceedings were dominated by two nations: Saudi Arabia and Russia. It was probably a snapshot of … Read moreRussia-Saudi plans for ‘super-OPEC’ could reshape global oil order

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U.S. prosecutors accuse Texas oil man ‘Frack Master’ of fraud

June 21, 2018, by Nate Raymond (Reuters) – A Texas oil and gas businessman who called himself the “Frack Master” has been charged with securities fraud in connection with a scheme that defrauded investors out of $62.6 million, U.S. prosecutors said on Thursday. Christopher Faulkner, 41, was arrested on Monday at the Los Angeles International … Read moreU.S. prosecutors accuse Texas oil man ‘Frack Master’ of fraud

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OPEC Agrees to Oil-Output Boost After Reaching Iran Compromise

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

June 22, 2018 by Grant Smith, Laura Hurst and Wael Mahdi (Bloomberg)  OPEC has agreed to boost oil production, achieving a last-minute compromise that overcame Iran’s threats to veto any supply hike. “We have an agreement” to make a 1 million barrel-a-day adjustment on paper to the production cuts implemented by the group in cooperation … Read moreOPEC Agrees to Oil-Output Boost After Reaching Iran Compromise

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Five Things to Know in World Business – June 22, 2018

June 22, 2018, by Lorcan Roche Kelly (Bloomberg) Peace plan Some officials in the Trump administration are trying to restart high level talks with China, ahead of the imposition of $34 billion of new tariffs on the country’s goods on July 6, three people familiar with the matter said. Staff of the National Economic Council are … Read moreFive Things to Know in World Business – June 22, 2018

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First new all-electric mine dumps diesel; cuts costs, pollution

A worker walks underground at Goldcorp Inc's Borden all-electric gold mine near Chapleau, Ontario, Canada, June 13, 2018. REUTERS/Chris Wattie

June 21, 2018, by Susan Taylor and Barbara Lewis CHAPLEAU, Ontario/LONDON (Reuters) – Hundreds of feet below thick boreal forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in a multimillion-dollar mining experiment to ditch diesel. Goldcorp Inc (G.TO) (GG.N) is building the world’s first new all-electric mine, a … Read moreFirst new all-electric mine dumps diesel; cuts costs, pollution

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Oil price will be driven by consumers rather than OPEC: Kemp

June 21, 2018 Reuters LONDON, June 21 (Reuters) – Oil traders’ attention is focused this week on Vienna, where ministers from the Organization of the Petroleum Exporting Countries and its allies must decide whether to increase their output in the second half of 2018. But the direction of prices over the next year will be more … Read moreOil price will be driven by consumers rather than OPEC: Kemp

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OPEC edges closer to raising oil output, Iran’s agreement is key

June 21, 2018, by Ahmad Ghaddar, Vladimir Sodalkin and Ernest Scheyder VIENNA (Reuters) – OPEC edged closer on Thursday toward raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable. A production rise of about 1 million barrels per day … Read moreOPEC edges closer to raising oil output, Iran’s agreement is key

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Hemisphere Energy Commences Southern Alberta Drill Program

June 20, 2018 CNW TSX-V: HME – VANCOUVER, June 20, 2018 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) is pleased to provide an update on its drilling and field operations. The Company has continued to see operational and waterflood success through the first two quarters of 2018 with stable field production rates for the month … Read moreHemisphere Energy Commences Southern Alberta Drill Program

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Unfracked Oil Wells Growing as Permian Pipeline Scarcity Worsens

June 21, 2018 by Ryan Collins (Bloomberg)  Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse. The vast pipe networks that haul crude from the Permian Basin are almost completely full thanks to a production … Read moreUnfracked Oil Wells Growing as Permian Pipeline Scarcity Worsens

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Saudis Take Oil Consumers’ Side as OPEC Nears Pivotal Talks

Jun 21, 2018  by Elena Mazneva, Francois de Beaupuy and Golnar Motevalli (Bloomberg) With fewer than 24 hours to go before a pivotal meeting, Saudi Arabia urged OPEC to help consumers by boosting oil supply as opposition from arch-rival Iran showed signs of wavering. “The most important thing is the consumers,” Saudi Energy Minister Khalid … Read moreSaudis Take Oil Consumers’ Side as OPEC Nears Pivotal Talks

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Five Things to Know in World Business – June 21, 2018

June 21, 2018 by Lorcan Roche Kelly (Bloomberg)  U.S. trade partners fight back, it’s decision day at the Bank of England, and OPEC inches towards an output deal. Here are some of the things people in markets are talking about today. Trade tensions India became the latest country to hit back at U.S. tariffs when it announced … Read moreFive Things to Know in World Business – June 21, 2018

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Phoenix officially announces new Fall 2018 roster of Canadian Crude Oil, NGL, and Natural Gas Marketing Courses – Click Here to Register

Phoenix Energy Marketing Consultants Feature

Register Here: http://www.phoenixenergymarketing.com/seminars.html Phoenix’s Introduction to Canadian Energy Marketing courses are full 2-day introductory level courses covering all marketing related topics within the Canadian Crude, NGL, and Natural Gas Industries. Some of the main topics covered in this course include: Basic Concepts and Terminology Supply and Demand Fundamentals Transportation and Storage Pricing Fundamentals Scheduling/Forecasting Contracts Trading … Read morePhoenix officially announces new Fall 2018 roster of Canadian Crude Oil, NGL, and Natural Gas Marketing Courses – Click Here to Register

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Improve Your Competitive Advantage: Look to government incentives for cost reduction, innovation and growth – KPMG

KPMG Logo

A wealth of new provincial and federal government incentive programs aimed at spurring innovation, productivity and employment can help Canada’s energy services companies grow stronger. Alberta recently announced a $1.4B fund as part of their efforts to reduce carbon emissions and diversify the economy. As the industry moves towards a low-carbon future, tight margins and … Read moreImprove Your Competitive Advantage: Look to government incentives for cost reduction, innovation and growth – KPMG

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TransCanada Keystone XL May Be One Oil Pipeline Too Many

June 20, 2018 by Robert Tuttle (Bloomberg)  TransCanada Corp.’s Keystone XL may be one pipeline too many for Canada, at least for now. Construction of the export line would supply Western Canada with more pipeline capacity than needed through 2030, assuming it were operating in the next decade along with the Trans Mountain pipeline expansion … Read moreTransCanada Keystone XL May Be One Oil Pipeline Too Many

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Innovation: Double-Sided Solar Panels Are Taking Off in China

June 19, 2018, by Christopher Martin (Bloomberg) Here’s one way to get more power from solar panels: use both sides of the cells. But don’t expect that to double the output. China is expected to jump-start the market for panels that can absorb light on both sides with plans to install 2.7 gigawatts this year, … Read moreInnovation: Double-Sided Solar Panels Are Taking Off in China

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Five Things to Know in World Business – June 20, 2018

June 20, 2018, by Lorcan Roche Kelly (Bloomberg) Growth warnings President Donald Trump’s threat to impose 10 percent tariffs on $200 billion of Chinese imports could curtail growth in the Asian nation by as much as half a percentage point, if implemented, according to analysts. Bloomberg Economics’ Fielding Chen and Tom Orlik warn China’s  regional neighbors may be even more exposed to a … Read moreFive Things to Know in World Business – June 20, 2018

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Better prices and new pipelines expected to drive higher Canadian crude output

Keystone XL pipeline

June 19, 2018 The Canadian Press CALGARY – A pipeline capacity gap that is impeding the movement of Western Canada’s crude to market will close by 2021 and there will be surplus room from about 2022 until 2030, according to the Canadian Energy Research Institute. The Enbridge Line 3 and Trans Mountain expansion pipeline are expected … Read moreBetter prices and new pipelines expected to drive higher Canadian crude output

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OPEC Races to Salvage Oil Deal After Iran Clashes With Saudis

June 20, 2018 by Grant Smith, Nayla Razzouk and Salma El Wardany (Bloomberg)  OPEC officials meeting in Vienna raced to salvage an oil-production deal on Wednesday after Iran said it was likely to reject any agreement that raised output from the group. With two days before OPEC ministers formally meet in Vienna to decide on … Read moreOPEC Races to Salvage Oil Deal After Iran Clashes With Saudis

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Shale Giant Says Permian Oil Faces Shut Ins on Pipe Shortage

June 20, 2018 by Javier Blas (Bloomberg)  The biggest U.S. shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers, the head of one of the industry’s largest producers said. The worsening bottleneck in the Permian region that straddles west Texas and New Mexico … Read moreShale Giant Says Permian Oil Faces Shut Ins on Pipe Shortage

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Oil Could Reach $100 If There’s No Supply Boost: OPEC Update

June 20, 2018 by Elena Mazneva, Francois de Beaupuy and Salma El Wardany (Bloomberg)  Oil ministers from OPEC and its allies have arrived in Vienna for what promises to be one of the cartel’s most contentious meetings in years as Iran opposes proposals to boost production. (All time stamps CET.) Pioneer Sees Oil at $100 … Read moreOil Could Reach $100 If There’s No Supply Boost: OPEC Update

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Suncor, Enbridge Seek Clarity as Ontario’s Doug Ford Upends Carbon Trading

June 19, 2018 by Jim Efstathiou Jr. and Josh Wingrove (Bloomberg)  Suncor Energy Inc. and Enbridge Inc. are among Canadian fossil fuel companies seeking answers after Ontario premier-designate Doug Ford announced plans to unwind a cap-and-trade program that has issued C$2.8 billion ($2.1 billion) worth of pollution credits to dozens of companies. Ford and his … Read moreSuncor, Enbridge Seek Clarity as Ontario’s Doug Ford Upends Carbon Trading

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TODAY IN CALGARY! See Vivian Krause: FREE! Who’s funding pipeline protests in Canada? – Sponsored by Canada Action: DETAILS HERE

vivian-krause-2

If you care about the Canadian energy sector and its often unfair treatment at the hands of U.S. foundation-supported activists, then you probably know about Vancouver-based researcher and writer Vivian Krause. Her carefully documented research on the funding network of U.S. foundations and their influence on Canadian anti-energy groups is becoming both widely known and … Read moreTODAY IN CALGARY! See Vivian Krause: FREE! Who’s funding pipeline protests in Canada? – Sponsored by Canada Action: DETAILS HERE

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LESS THAN 20 TICKETS LEFT! 20th Annual BIG GUNS Stampede Breakfast – The Industry’s Biggest Networking Event: Tickets & Sponsors HERE

20th Annual Big Guns Stampede Breakfast Each year, all areas of the Energy Industry come to this grand event to celebrate. This year will be no different, only bigger & better! THE EVENT: Western Canada’s Largest Oil Patch Networking Stampede Breakfast WHO WILL BE THERE:  Approximately 4,000 oil & gas producers and service companies from … Read moreLESS THAN 20 TICKETS LEFT! 20th Annual BIG GUNS Stampede Breakfast – The Industry’s Biggest Networking Event: Tickets & Sponsors HERE

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Keyera Corp. Announces $400 Million Public Note Offering

June 19, 2018 CNW CALGARY, June 19, 2018 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it has agreed to issue $400 million of senior unsecured medium term notes (the “Offering”). The Offering will be conducted in a single tranche consisting of $400 million senior unsecured medium term notes having a fixed coupon of 3.934% per annum, paid semi-annually, and maturing on June … Read moreKeyera Corp. Announces $400 Million Public Note Offering

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Oil Declines as Traders Assess Trump Tariffs and Libya Outage

June 19, 2018 by Alex Longley (Bloomberg)  Oil fell below $65 a barrel as traders assessed escalating tensions between the world’s two biggest economies as well as an upcoming OPEC meeting that could see the group lift production. Futures in New York fell 1.4 percent, erasing gains from Monday. The prospect of a U.S.-China trade … Read moreOil Declines as Traders Assess Trump Tariffs and Libya Outage

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Macro Enterprises Inc. – Joint Venture Signs Construction Contract for Coastal Gaslink Project

June 19, 2018  | Source: Macro Enterprises Inc. FORT ST. JOHN, B.C., June 19, 2018 (GLOBE NEWSWIRE) — Macro Enterprises Inc. (TSXV:MCR) (the “Company” or “Macro”) is pleased to announce that its Joint Venture with Spiecapag Canada Corp. (“Spiecapag”) has successfully negotiated and executed a construction contract with Coastal GasLink Pipeline Limited Partnership for pipeline construction services … Read moreMacro Enterprises Inc. – Joint Venture Signs Construction Contract for Coastal Gaslink Project

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Crescent Point Announces Management Changes and Provides an Update on Dispositions

June 19, 2018 Globe Newswire CALGARY, Alberta, June 19, 2018 (GLOBE NEWSWIRE) — Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) announces changes to its executive management team and provides an update on recent dispositions. Mr. Craig Bryksa, interim President and Chief Executive Officer, is pleased to announce that Mr. Ryan Gritzfeldt, formerly … Read moreCrescent Point Announces Management Changes and Provides an Update on Dispositions

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Electric Cars Are Going to Suck Up 9% of World’s Power Demand

June 19, 2018 by Brian Eckhouse (Bloomberg)  With batteries getting cheaper and governments promoting their use, electric vehicles are going to be sucking up a whole lot more of the world’s power in coming years. How much? About 9 percent of total global electricity demand by 2050 will come from vehicles, according to a report … Read moreElectric Cars Are Going to Suck Up 9% of World’s Power Demand

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Five Things to Know in World Business – June 19, 2018

June 19, 2018, by Lorcan Roche Kelly (Bloomberg) Escalation China is vowing to retaliate ” forcefully” against President Donald Trump’s threatened tariffs on another $200 billion of its goods. Trump ordered the identification of $200 billion in Chinese imports for an additional 10 percent tariff, with another $200 billion after that if Beijing retaliates. Should cooler heads not … Read moreFive Things to Know in World Business – June 19, 2018

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U.S. oil pipeline companies, producers seek relief from steel tariffs

June 19, 2018, by Liz Hampton HOUSTON, June 19 (Reuters) – Major U.S. energy companies including Plains All American Pipeline, Hess Corp and Kinder Morgan Inc are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and Mexico. There have been nearly 21,000 requests … Read moreU.S. oil pipeline companies, producers seek relief from steel tariffs

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OPEC sees strong oil market, possible need for more output

June 19, 2018, by Grant Smith, Salma El Wardany and Laura Hurst (Bloomberg) Oil ministers from OPEC and its allies are starting to arrive in Vienna for what promises to be one of the cartel’s most contentious meetings in years. (All timestamps CET.) Russia Still Favors Big Hike Despite Prevailing View (1:38pm) Russia’s energy minister … Read moreOPEC sees strong oil market, possible need for more output

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BULLETIN: Preparing Employers for Cannabis Legalization – Wendy Ferguson

A Commentary by Wendy Ferguson – BHRLR, CPHR As of today, we wait with bated breath for the final ruling on Bill C-45.  A lengthy list of 34 amendments are in the works…soon to be reverted to the House of Commons for yet another vote.  The senate is scheduled to break for summer at the … Read moreBULLETIN: Preparing Employers for Cannabis Legalization – Wendy Ferguson

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Did you know that Aerostar Drone Solutions performs Water Crossing Inspections using drone technology?

AEROSTAR-Logo

The advantages of using drone technology are: Huge reduction in risk to personnel Reduced Inspection time compared to ground inspections Aerostar reports provide pertinent and quality data superior to that of some conventional methods Images of crossing year over year can provide baseline and water flow changes Easily determine crossing condition during or after high … Read moreDid you know that Aerostar Drone Solutions performs Water Crossing Inspections using drone technology?

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GPS 18 – Oil and Gas Trade Show Leaves Me Wanting – Geoffrey Cann

by Geoffrey Cann I went to the Global Petroleum Show with high digital hopes, and came away pretty disappointed. The vast majority of suppliers to the industry are just not in the game. The Global Petroleum Show For readers outside of Alberta, the Global Petroleum Show is an annual trade show and industry gabfest held … Read moreGPS 18 – Oil and Gas Trade Show Leaves Me Wanting – Geoffrey Cann

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UAE energy minister says oil market moving ever closer to becoming rebalanced

June 18, 2018 Dubai (Reuters) – United Arab Emirates’ Energy Minister Suhail Al- Mazrouei said on Monday that the oil market is moving closer to rebalancing, according to a statement sent by his ministry. Mazrouei, who holds the OPEC presidency in 2018, also said he acknowledged concerns expressed by some countries regarding potential shortages in … Read moreUAE energy minister says oil market moving ever closer to becoming rebalanced

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Feed Me Please!! – How Direct Feedback Can Make You a Better Leader – Sherri Hilton

Feed Me Please!! – How Direct Feedback Can Make You a Better Leader – Sherri Hilton MAL, CEC, PCC When was the last time, if ever, that you asked (and yes, I mean you initiated this), one or more of your team members, peers or your boss for feedback about how you are showing up … Read moreFeed Me Please!! – How Direct Feedback Can Make You a Better Leader – Sherri Hilton

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Canadian UAVs approved to conduct first Beyond Visual Line of Sight (BVLOS) pipeline monitoring in Canadian civil airspace

Canadian UAVs Logo Feature

CALGARY, June 12, 2018 /CNW/ – Canadian UAVs (CUAVS), Canada’s leading unmanned aviation solutions provider for enterprise and military applications, is proud to announce its approval issued by Transport Canada to inspect remote oil and gas assets ‘beyond line of sight’ for environmental integrity in civilian airspace. The project, which is based at Canadian UAVs testing facility west of Calgary Alberta, … Read moreCanadian UAVs approved to conduct first Beyond Visual Line of Sight (BVLOS) pipeline monitoring in Canadian civil airspace

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Oilpatch Outflanked Again By False Subsidy Allegations – Be Careful What You Read & From Where – David Yager

David-Yager-Feature Image

By David Yager Oilfield Services Executive Advisory – Energy Policy Analyst The old saying in journalism goes, “Never let the facts ruin a good story”. Years ago, allegations emerged that the oil industry was heavily subsidized by governments, part of an opinion shaping strategy by activists convinced fossil fuels were accelerating climate change. As subsidy … Read moreOilpatch Outflanked Again By False Subsidy Allegations – Be Careful What You Read & From Where – David Yager

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Oil Slumps Near $64 as OPEC Clash Looms and Trade War Escalates

Oil-Prices

June 18, 2018 Tsuyoshi Inajima (Bloomberg) Oil fell near $64 a barrel as Saudi Arabia and Russia prepared for a clash with allied crude producers over whether to lift output and as China and the U.S. exchanged threats over trade. Futures in New York dropped as much as 2.3 percent, on course for the lowest … Read moreOil Slumps Near $64 as OPEC Clash Looms and Trade War Escalates

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Leucrotta Announces Upper Montney Light Oil Discovery at Two Rivers

June 18, 2018 06:00 ET | Source: Leucrotta Exploration Inc. CALGARY, Alberta, June 18, 2018 (GLOBE NEWSWIRE) — Leucrotta Exploration Inc. (“Leucrotta” or the “Company”) (TSXV:LXE) is pleased to announce the following update: TWO RIVERS UPPER MONTNEY DISCOVERY Leucrotta drilled and completed an Upper Montney horizontal multi-frac well at 10-08-83-16W6 to extend expiring lands in the Two Rivers area of British … Read moreLeucrotta Announces Upper Montney Light Oil Discovery at Two Rivers

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Baytex and Raging River to Merge and Create a Top-Tier North American Oil Producer with Exceptional Assets and a Strong Balance Sheet

  June 18, 2018| Source: Baytex Energy Corp.; Raging River Exploration Inc. CALGARY, Alberta, June 18, 2018 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) and Raging River Exploration Inc. (“Raging River”)(TSX:RRX) are pleased to announce that their respective boards of directors have unanimously agreed to a strategic combination of the two companies (the “Transaction”). The … Read moreBaytex and Raging River to Merge and Create a Top-Tier North American Oil Producer with Exceptional Assets and a Strong Balance Sheet

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Five Things to Know in World Business – June 18, 2018

June 18, 2018, by Lorcan Roche Kelly and Natasha Doff (Bloomberg) Oil flow OPEC and it’s allies are discussing an output increase of between 300,000 and 600,000 barrel per day over the next few months, according to people briefed on the talks. Oil trimmed earlier losses after the Bloomberg News report, with the output increase significantly … Read moreFive Things to Know in World Business – June 18, 2018

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OPEC Is Said to Debate Output Hike of 300,000 to 600,000 B/D

June 18, 2018, by Javier Blas, Wael Mahdi and Nayla Razzouk (Bloomberg) OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, according to people briefed on the talks. While Iran said on Sunday it’s opposed to any … Read moreOPEC Is Said to Debate Output Hike of 300,000 to 600,000 B/D

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Canada’s Baytex to buy oil producer Raging River for C$2.8 billion

June 18, 2018 (Reuters) – Canadian oil and gas producer Baytex Energy Corp (BTE.TO) said on Monday it would buy rival Raging River Exploration Inc (RRX.TO) for about C$2.8 billion ($2.13 billion) to expand in the oil-rich Duvernay field in Alberta. Canadian oil producers and global majors have made a beeline for the Duvernay and … Read moreCanada’s Baytex to buy oil producer Raging River for C$2.8 billion

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Are Your Salespeople Just Doing Activity or Creating Real Opportunity – Sandler Training

Sandler-Training

    Written by Hamish Knox; President of Sandler in Calgary, Canada Creating accountable, sales focused organizations in Calgary     You’ve vanished the magicians from your sales funnel and your team embraced the mindset of “always be advancing the sale,” yet as you look at your most recent sales funnel report you see a few opportunities hanging … Read moreAre Your Salespeople Just Doing Activity or Creating Real Opportunity – Sandler Training

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World Energy Chiefs See Natural Gas Expansion Aiding Green Push

June 18, 2018 by Jonathan Gilbert and Jennifer A. Dlouhy (Bloomberg)  World energy ministers representing about two thirds of the global population tussled over how the world can achieve a cleaner energy future. The compromise answer: Natural gas, at least for now. A consensus statement from G20 energy ministers meeting in Argentina cited the potential … Read moreWorld Energy Chiefs See Natural Gas Expansion Aiding Green Push

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Iran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost

June 17 by Grant Smith and Golnar Motevalli (Bloomberg)  Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week. “Three OPEC founders are going to stop it,” Iran’s representative to the bloc … Read moreIran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost

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Saudi Oil Chief Faces Toughest OPEC Test This Week After Reviving Market

June 17, 2018 by Javier Blas and Wael Mahdi (Bloomberg)  Since he became Saudi Arabian energy minister two years ago, Khalid Al-Falih has had a good run: he persuaded a fractious OPEC to cut oil production, convinced Russia to join the cartel in curbing output, and then saw Brent crude rise nearly 75 percent to … Read moreSaudi Oil Chief Faces Toughest OPEC Test This Week After Reviving Market

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Permian glut, full pipelines means more discounted oil – Goldman Sachs

June 15, 2018 Reuters The crude oil glut in the Permian basin is likely to persist as regional producers show no signs of slowing production, which could drive regional prices even lower, Goldman Sachs said on Friday. While output in the Permian basin of West Texas has soared,pipeline construction has not kept up, causing local prices … Read morePermian glut, full pipelines means more discounted oil – Goldman Sachs

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Canada Weekly Rig Count Up 27 to 139 for Week Ending June 15, 2018

Drilling Rig 400x270

Canada’s drilling rigs went up by 27 to the current count of 139 actively drilling rigs according to data collected by Baker Hughes for the week of June 15th. From one week ago, Alberta rig counts increased 23 to 91 and the Saskatchewan rig count increased by 3 to 30. Oil drilling went up 18 … Read moreCanada Weekly Rig Count Up 27 to 139 for Week Ending June 15, 2018

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Oil Declines Ahead of Intra-OPEC Clash Over Pumping More

June 15, 2018 by Catherine Ngai (Bloomberg)  Oil fell for a fourth consecutive week as Saudi Arabia and Russia prepared for a clash with allied crude producers over whether to raise production. Crude futures slumped 2.7 percent in New York on Friday, the steepest decline since May 25. Saudi and Russian officials in favor of … Read moreOil Declines Ahead of Intra-OPEC Clash Over Pumping More

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

June 15, 2018 Reuters (Reuters) – U.S. energy companies added one oil rig this week, the fourth consecutive week of increases, despite a 9 percent decline in crude prices over the past four weeks. Despite that decline, producers still expect higher prices for their oil in 2018 than they received in 2017. The oil rig count … Read moreU.S. drillers add oil rigs for fourth week in a row

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Toscana Sells Gas-Weighted Assets, Completes Renewal of its Credit Facilities and Proposes to Consolidate its Carmangay Barons Oil Pool

June 15, 2018 Globe Newswire CALGARY, Alberta, June 14, 2018 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX:TEI) is pleased to announce that it has sold its gas-weighted Gross Overriding Royalty Interests (the “Gas Assets”) to a private company for total cash consideration of $7.5 million, subject to customary industry adjustments, with an effective … Read moreToscana Sells Gas-Weighted Assets, Completes Renewal of its Credit Facilities and Proposes to Consolidate its Carmangay Barons Oil Pool

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Five Things to Know in World Business – June 15, 2018

June 15, 2018, by Lorcan Roche Kelly (Bloomberg) Tariffs President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, according to a person familiar with the decision. The administration is expected to release a refined list of targeted products later today, with China’s technology sector expected to be hit hardest. Reuters reported that … Read moreFive Things to Know in World Business – June 15, 2018

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Strath Resources Announces Transformative Acquisition of Montney Assets

June 14, 2018 CNW CALGARY, June 14, 2018 /CNW/ -Strath Resources Ltd. (“Strath”) is pleased to announce that it has reached an agreement with Paramount Resources Ltd. (“Paramount”) for the acquisition of Paramount’s assets in the Resthaven/Jayar area of the Kakwa region for total consideration of $340 million. Acquisition Highlights 201 sections of land (152 net) with multi-zone potential, … Read moreStrath Resources Announces Transformative Acquisition of Montney Assets

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Oil Set for Weekly Loss in London as OPEC Clash on Supply Looms

June 15, 2018 by Heesu Lee and Grant Smith (Bloomberg)  Oil headed for a second weekly decline in London as OPEC members were set to clash on raising production at a meeting next week. Brent crude slipped on Friday, on course for a 1.5 percent drop this week. Saudi Oil Minister Khalid Al-Falih said it’s … Read moreOil Set for Weekly Loss in London as OPEC Clash on Supply Looms

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Vermilion Says Canadian Investment Angst Won Better Spartan Deal

June 14, 2018 by Alix Steel and Kevin Orland (Bloomberg)  Vermilion Energy Inc. Chief Executive Officer Anthony Marino said the concerns about the Canadian oil industry’s competitiveness helped his company secure a better price in its purchase of Spartan Energy Corp. this year. Vermillion bought Spartan for about C$1.18 billion ($910 million) in stock to … Read moreVermilion Says Canadian Investment Angst Won Better Spartan Deal

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CES Energy Solutions Corp. Announces Intent to Implement a Normal Course Issuer Bid and Doubling of Monthly Cash Dividend

June 14, 2018  Source: CES Energy Solutions Corp. CALGARY, Alberta, June 14, 2018 (GLOBE NEWSWIRE) — CES Energy Solutions Corp.  (“CES” or the “Corporation”) (TSX:CEU) (OTC:CESDF) is pleased to announce its intent to implement a normal course issuer bid (“NCIB”) and the approval by the Board of Directors of the Corporation to double its monthly cash dividend to … Read moreCES Energy Solutions Corp. Announces Intent to Implement a Normal Course Issuer Bid and Doubling of Monthly Cash Dividend

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Five Things to Know in World Business – June 15, 2015

June 15, 2018, by Lorcan Roche Kelly (Bloomberg) Tariffs President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, according to a person familiar with the decision. The administration is expected to release a refined list of targeted products later today, with China’s technology sector expected to be hit hardest. Reuters reported that … Read moreFive Things to Know in World Business – June 15, 2015

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Largest Industrialized Countries March Toward Renewables

June 14, 2018, by Alex Tanzi and Kevin Varley (Bloomberg) Data from BP plc highlight the ongoing push toward renewable energy by the largest industrialized countries. Coal-fueled energy output is declining in Germany, Canada, the U.K., Italy and the U.S. Germany registered the biggest one year divergence in energy sources among the Group of Seven … Read moreLargest Industrialized Countries March Toward Renewables

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U.S. oil firms use shale know-how to revitalize old oilfields

BURTON, Texas (Reuters) – Among vineyards and cow pastures in east Texas last month, roughnecks started to drill in an oilfield that is 25 years past its production peak. Houston-based oil producer Wildhorse Resource Development Corp tasked the crew with breathing new life into the field by using technology developed for fracking shale rock. In … Read moreU.S. oil firms use shale know-how to revitalize old oilfields

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Potential Cushing bottleneck could increase U.S. oil discount

June 14, 2018 Reuters NEW YORK, June 14 (Reuters) – As the discount of U.S. crude to global benchmark Brent nears three-year highs, an emerging bottleneck at the key storage hub in Cushing, Oklahoma, is making U.S. futures vulnerable to a drop, traders and analysts said. Infrastructure constraints in the shale-rich Permian basin have already kept … Read morePotential Cushing bottleneck could increase U.S. oil discount

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Paramount Resources Ltd. to Sell Non-Core Oil and Gas Properties in Resthaven / Jayar for $340 Million

June 14, 2018 CNW CALGARY, June 14, 2018 /CNW/ – Paramount Resources Ltd. (TSX:POU) (“Paramount” or the “Company”) is pleased to announce that it has entered into a purchase and sale agreement with Strath Resources Ltd. (“Strath”) pursuant to which Strath will acquire Paramount’s oil and gas properties and related infrastructure at Resthaven / Jayar in the Kakwa region … Read moreParamount Resources Ltd. to Sell Non-Core Oil and Gas Properties in Resthaven / Jayar for $340 Million

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Workplace Investigations: What Alberta Employer’s Need to Know – Wendy Ferguson

A Commentary by Wendy Ferguson – BHRLR, CPHR If you happened to have read my article in March, you are already aware that on June 1, 2018 Alberta’s Occupational Health and Safety (OHS) Act was updated to align Alberta with other provinces in terms of protecting our workforce.  In fact, it would be hard to … Read moreWorkplace Investigations: What Alberta Employer’s Need to Know – Wendy Ferguson

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Oil demand seen steady in 2019 but OPEC supply, trade risks loom

June 14, 2018 Reuters LONDON (Reuters) – Oil demand will grow steadily in 2019 thanks to a solid global economy, but the world may face a large supply gap by late next year if OPEC cannot cover any supply shortfalls, the International Energy Agency said on Wednesday. The report serves as a stark warning to the … Read moreOil demand seen steady in 2019 but OPEC supply, trade risks loom

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Oil Trades Near $67 as Saudi Arabia Sees Inevitable Supply Boost

Oil-Prices

June 14, 2018 by Grant Smith (Bloomberg)  Oil steadied just below $67 a barrel as Saudi Arabia’s energy minister said an OPEC agreement to raise production is “ inevitable.” Futures in New York rose 0.5 percent after a 1.4 percent increase in the past three sessions. After talks in Moscow last night, Saudi Energy Minister … Read moreOil Trades Near $67 as Saudi Arabia Sees Inevitable Supply Boost

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Top 6 Reasons your Marketing May Be Killing your Business – William Joseph

William Joseph Communications

Every business owner or executive knows that marketing is essential to success. If customers don’t know what you’re offering (or worse yet, have no idea who you are) there’s no way your business is going to thrive and a really good chance that you’ll actually end up closing your doors. Ironically, that very understanding contributes … Read moreTop 6 Reasons your Marketing May Be Killing your Business – William Joseph

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Enterprise Group (E: TSX): Doubled YTD. Hunting for Accretive Acquisitions.

Enterprise Group logo Feature

If one had purchased shares in Enterprise Group (E: TSX) on or prior to the first stock market trading day in 2018 (as you have/had been told multiple times for months), you would have beaten virtually every global index. The price has more than doubled YTD 2018. Think not? Morningstar agrees. Interesting to note also … Read moreEnterprise Group (E: TSX): Doubled YTD. Hunting for Accretive Acquisitions.

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Five Things to Know in World Business – June 14, 2018

June 14, 2018, by Lorcan Roche Kelly (Bloomberg) Draghi’s choice  Today’s European Central Bank meeting comes down to one thing – whether the governing council decide to announce a timetable for the end of the bank’s asset purchase program this month, or wait until July’s meeting. With the euro-area experiencing a spate of weak economic data recently, … Read moreFive Things to Know in World Business – June 14, 2018

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Oil Majors Ask U.S. Judge to Toss New York City Climate Lawsuit

Big Oil

June 13, 2018, by Brendan Pierson NEW YORK (Reuters) – Lawyers for major oil companies on Wednesday urged a federal judge to throw out a lawsuit filed by New York City seeking to hold them financially liable for damages caused by global warming. Theodore Boutrous, a lawyer for Chevron Corp, said at a hearing before … Read moreOil Majors Ask U.S. Judge to Toss New York City Climate Lawsuit

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Russia and Saudi Arabia Pursue OPEC Deal at World Cup Meeting

June 13, 2018, by Elena Mazneva, Javier Blas and Grant Smith (Bloomberg) Come for the football, stay for the oil diplomacy. Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman will discuss how to boost oil production while maintaining their petro-alliance when they meet in Moscow tomorrow to watch the soccer World Cup’s opening … Read moreRussia and Saudi Arabia Pursue OPEC Deal at World Cup Meeting

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Brady Releases New BradyPrinter i5100 Industrial Label Printer

BRADYLOGO-feature

New printer boasts intelligent print capabilities for easier label printing MILWAUKEE, Wis. (June 13, 2018) — Brady (NYSE:BRC), a global leader in industrial and safety printing systems and solutions, announced today the launch of the BradyPrinter i5100 Industrial Label Printer. This new industrial printer provides the perfect mix of smarts and performance for an easier, … Read moreBrady Releases New BradyPrinter i5100 Industrial Label Printer

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Iron Bridge Recommends Shareholders REJECT Velvet Energy’s Hostile Offer

June 13, 2018 Business Wire Velvet’s Predatory Offer Significantly Undervalues Iron Bridge Shareholders’ Investment Offer Transfers Substantial Upside from Gold Creek Oil-Rich Montney Play to Velvet, at the Expense of Iron Bridge Shareholders Iron Bridge’s Growth Outlook is Strong, Its Asset is Highly Economic, It has Access to Capital and It is Stewarded by an Experienced Management Team to Execute on Value Creation White Knight and Strategic Capital Partners … Read moreIron Bridge Recommends Shareholders REJECT Velvet Energy’s Hostile Offer

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Oil Falls as Russia Is Said to Seek Full Rollback of OPEC+ Cut

June 13, 2018 by Sharon Cho and Grant Smith (Bloomberg)  Oil slipped after Russia was said to propose that OPEC and other producers in a global alliance reverse the supply cuts they’ve been making since early last year. Futures in New York dropped as much as 1.3 percent after Russia, which has already started increasing … Read moreOil Falls as Russia Is Said to Seek Full Rollback of OPEC+ Cut

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Support at Home Helps Trudeau Stay Course Amid Trump Threats

June 13, 2018 by Josh Wingrove and Greg Quinn (Bloomberg)  If Donald Trump was counting on Justin Trudeau to bend to U.S. trade demands after a series of verbal attacks on the Canadian prime minister, it’s not working so far. Trudeau is staying out of the fray, trying to forge ahead on a revised North … Read moreSupport at Home Helps Trudeau Stay Course Amid Trump Threats

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Five Things to Know in World Business – June 13, 2018

June 13, 2018, by Lorcan Roche Kelly (Bloomberg) Decision day The Federal Open Market Committee is almost certain to announce a quarter-point raise in interest rates when it publishes its decision at 2:00 p.m. Eastern Time today. If that happens, investor focus will turn to the dot-plot, which may show a median estimate of four hikes this year, … Read moreFive Things to Know in World Business – June 13, 2018

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Russia Is Said to Seek Oil-Cuts Rollback for Most OPEC+ Nations

June 12, 2018, by Elena Mazneva (Bloomberg) Russia plans to propose that OPEC and its allies be allowed to return production to October 2016 levels, rolling back most but not all of their output cuts within three months, according to a person familiar with Russian thinking. The nations would proportionally share out a 1.8 million … Read moreRussia Is Said to Seek Oil-Cuts Rollback for Most OPEC+ Nations

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Commentary: Why This Wasn’t Kim’s Father’s – or Grandfather’s – Summit

U.S. President Donald Trump and North Korea's leader Kim Jong Un walk during their summit at the Capella Hotel on Sentosa island in Singapore June 12, 2018. Anthony Wallace/Pool via Reuters

June 13, 2018, by James Dobbins (Reuters) The joint statement issued by the American and North Korean leaders after Tuesday’s Singapore summit is a shorter and weaker version of promises made by Kim Jong Un’s father and grandfather – and those made by the younger Kim to South Korean President Moon Jae-in less than two … Read moreCommentary: Why This Wasn’t Kim’s Father’s – or Grandfather’s – Summit

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Saudis Are Said to Float Range of Ideas for Higher OPEC Output

June 13, 2018, by Grant Smith, Javier Blas and Elena Mazneva (Bloomberg) Saudi Arabia has floated several oil output hike plans to fellow OPEC members, including one with a two-step increase, as the kingdom seeks ways to narrow differences with Russia and the rest of the cartel, according to people briefed on the discussions. The … Read moreSaudis Are Said to Float Range of Ideas for Higher OPEC Output

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Trump Auto Tariffs Would Slam Canada as Trade Rhetoric Heats Up

June 11, 2018 by Kristine Owram (Bloomberg)  Donald Trump’s heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that would devastate the car industry in Canada and lead to higher U.S. prices. The Trump administration’s pledge to consider tariffs on … Read moreTrump Auto Tariffs Would Slam Canada as Trade Rhetoric Heats Up

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Oil Trades Near $66 as OPEC Split Deepens Over Production Boost

Oil-Prices

June 12, 2018, by Grant Smith (Bloomberg)  Oil traded near $66 a barrel as producing countries disagreed over relaxing output curbs and OPEC highlighted the uncertainty over the strength of demand later this year. Futures in New York fell 0.2 percent after a 0.6 percent increase Monday. Saudi Arabia and Russia are trying to garner support … Read moreOil Trades Near $66 as OPEC Split Deepens Over Production Boost

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Enbridge takes steps on pipeline policy after BP complains

June 11, 2018 Reuters WINNIPEG, Manitoba (Reuters) – Canada’s biggest pipeline operator, Enbridge Inc, said on Monday it was taking steps to address complaints from oil shipper BP PLC about abrupt changes it made in allocating space on its Mainline system. The company announced the policy change late last month before reversing it last week, … Read moreEnbridge takes steps on pipeline policy after BP complains

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Connacher Oil and Gas Limited Announces Extension of CCAA Stay

June 11, 2018 CNW CALGARY, June 11, 2018 /CNW/ – Connacher Oil and Gas Limited (“Connacher” or the “Company”) announced that it has obtained an order from the Alberta Court of Queen’s Bench extending the period of the Court-ordered stay of proceedings against Connacher under the Companies’ Creditors Arrangement Act(“CCAA”) until and including September 30, 2018. The Company has been operating under … Read moreConnacher Oil and Gas Limited Announces Extension of CCAA Stay

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Corridor to Suspend Work on the Old Harry Project

June 11, 2018  | Source: Corridor Resources Inc. HALIFAX, Nova Scotia, June 11, 2018 (GLOBE NEWSWIRE) — (TSX:CDH): Corridor Resources Inc. (“Corridor”) announced today that it has completed its integrated geotechnical analysis of the Old Harry prospect comprised of data from a controlled source electromagnetic survey (“CSEM”) and reprocessed two dimensional (“2D”) seismic.  Old Harry is a … Read moreCorridor to Suspend Work on the Old Harry Project

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As Trump Attacks, Canada Goes to Plan B: Same as Plan A

June 11, 2018, by David Ljunggren OTTAWA (Reuters) – U.S. President Donald Trump’s blistering attack on Canadian Prime Minister Justin Trudeau has driven bilateral relations to their lowest point in decades and left Ottawa with few options for averting a trade war with its much bigger neighbor. Trump blew apart a G7 summit in Canada … Read moreAs Trump Attacks, Canada Goes to Plan B: Same as Plan A

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Precision Drilling Corporation Announces $75 Million in Senior Note Redemptions and Open Market Debt Repurchases and Provides Operational Update

June 12, 2018 06:00 ET | Source: Precision Drilling Corporation 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 “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. CALGARY, Alberta, … Read morePrecision Drilling Corporation Announces $75 Million in Senior Note Redemptions and Open Market Debt Repurchases and Provides Operational Update

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Blackbird Energy Inc. Provides Results From Independent Resource Evaluation, Including Best Estimate Development Pending Contingent Resources of 112.2 MMboe Representing a Before Tax Net Present Value of $587.3 Million

June 12, 2018  | Source: Blackbird Energy Inc Figure 1 Blackbird’s Lands with Contingent Resources Booked Blackbird Energy Inc CALGARY, Alberta, June 12, 2018 (GLOBE NEWSWIRE) — (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce the results of an updated independent resource evaluation (“2018 Resource Evaluation”) by McDaniel & Associates Consultants Ltd.  (“McDaniel”) … Read moreBlackbird Energy Inc. Provides Results From Independent Resource Evaluation, Including Best Estimate Development Pending Contingent Resources of 112.2 MMboe Representing a Before Tax Net Present Value of $587.3 Million

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OPEC Cautious on Oil Outlook Despite End of Global Glut

June 12, 2018, by Alex Lawler LONDON (Reuters) – OPEC said on Tuesday the oil market outlook in the second half of the year is highly uncertain even though the producer group’s figures show a global glut has ended, suggesting exporters will be in no rush to relax output curbs at a meeting next week. … Read moreOPEC Cautious on Oil Outlook Despite End of Global Glut

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Five Things to Know in World Business – June 12, 2018

June 12, 2018, by Lorcan Roche Kelly (Bloomberg) Singapore success President Donald Trump and Kim Jong Un signed a declaration that North Korea would work toward “ complete denuclearization of the Korean peninsula,” with Trump saying representatives from the two sides will hold further meetings as soon as next week. While the agreement signed by the leaders has no … Read moreFive Things to Know in World Business – June 12, 2018

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Iraq Says Oil Producers Should Not Be Influenced by Calls to Boost Output

June 11, 2018 DUBAI (Reuters) – Iraq’s oil minister said on Monday producers should not be influenced by pressure to pump more oil and unilateral decisions on output could be a breach of a supply cut pact between OPEC and non-OPEC countries, leading to its possible collapse. With oil recently reaching $80 a barrel, the … Read moreIraq Says Oil Producers Should Not Be Influenced by Calls to Boost Output

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Saudi Oil Output Said to Top 10 Million Barrels a Day

June 11, 2018, by Bloomberg (Arabian Business) Source says Saudi Arabia boosted daily oil output in May to the highest level since October. Saudi Arabia boosted daily oil output in May to the highest level since October, ahead of meetings with Russia and other global producers next week where they may propose raising production even … Read moreSaudi Oil Output Said to Top 10 Million Barrels a Day

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Construction & Weather Challenges Don’t Slow Installation Of Oil Sands Process Pond – Presto Geosystems

PrestoGeo Feature

Christina Lake in Alberta is rich with oil so deep underground that specialized technology is required to drill and pump it to the surface.  As part of the oil extraction at this site operated by Cenovus Energy, a 21,000 cubic meter capacity process pond was planned to contain the process water. Original Design The process … Read moreConstruction & Weather Challenges Don’t Slow Installation Of Oil Sands Process Pond – Presto Geosystems

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Agile: How Digital Gets Done – Geoffrey Cann

One word that does not describe the oil and gas world is “agile”. Why is being agile suddenly something that the industry aspires to? The WaterFall Method When I started my career with Imperial Oil in Toronto (yes, long ago, Toronto was home to the industry), I was taught that there was only one way to deliver computer technologies for users. It was called the waterfall method. IT … Read moreAgile: How Digital Gets Done – Geoffrey Cann

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The Permian Blowout Is Apparently Never-Ending: Liam Denning

June 11, 2018 by Liam Denning (Bloomberg Opinion) Energy dominance carries its own backlash, it turns out. Ground zero is the Permian basin in west Texas, where oil production has run ahead of pipeline capacity to get it to market, forcing some U.S. barrels to price at wide discounts. Thankfully, new pipelines should fix the … Read moreThe Permian Blowout Is Apparently Never-Ending: Liam Denning

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Two ex-Penn West executives must face U.S. SEC fraud charges June 11, 2018 Reuters

Penn West shares plunge after SEC files fraud charges involving three former execs -update

June 11, 2018 Reuters NEW YORK, June 11 (Reuters) – A U.S. judge has ordered two former finance executives at Penn West Petroleum Ltd, now known as Obsidian Energy Ltd, to face regulatory charges that they helped engineer a multi-year accounting fraud to reduce the Canadian company’s operating expenses. In a decision made public on Monday, … Read moreTwo ex-Penn West executives must face U.S. SEC fraud charges June 11, 2018 Reuters

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Trump’s auto tariffs would devastate supply chains, cause mass layoffs: experts

MONTREAL — U.S. President Donald Trump’s threat to impose 25 per cent tariffs on auto imports from Canada would devastate the integrated supply chain that has been built up over decades and also cause job losses on both sides of the border, industry e…

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‘Fair Trade, Fool Trade’, Trump’s Tweets Spew Ire on NATO Allies, Trudeau

FILE PHOTO: German Chancellor Angela Merkel speaks to U.S. President Donald Trump during the second day of the G7 meeting in Charlevoix city of La Malbaie, Quebec, Canada, June 9, 2018. Bundesregierung/Jesco Denzel/Handout via REUTERS

June 10, 2018, by Matt Spetalnick and David Brunnstrom SINGAPORE (Reuters) – U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend. The escalating clash over trade between Washington … Read more‘Fair Trade, Fool Trade’, Trump’s Tweets Spew Ire on NATO Allies, Trudeau

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Five Things to Know in World Business – June 11, 2018

June 11, 2018, by Lorcan Roche Kelly (Bloomberg) G-7, Go Sing. This weekend’s G-7 summit in Canada, despite the late  dramatics, ended pretty much as analysts had expected, with President Donald Trump rejecting the communique issued for the meeting. While there was some selling of the Canadian dollar when markets opened, reaction has generally been benign. … Read moreFive Things to Know in World Business – June 11, 2018

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Pope Warns Energy Bosses of Global Destruction Without Fuel Shift

by Philip Pullella VATICAN CITY (Reuters) – Pope Francis warned that climate change risked destroying humanity on Saturday and called on energy leaders to help the world to convert to clean fuels to avert catastrophe. “Civilization requires energy but energy use must not destroy civilization,” the pope told top oil company executives at the end … Read morePope Warns Energy Bosses of Global Destruction Without Fuel Shift

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