Canada’s fleet of active drilling rigs grew from 138 to 153 since last week according to data from Baker Hughes. Total drilling count was 153 at December 13. 96 rigs were drilling for oil; 57 for natural gas. The drilling activity in both Alberta and Saskatchewan increased, with Alberta growing from 91 to 98 and Saskatchewan gaining another 8 wells, from 33 to 41. View a full breakdown of Western Canada’s rig activity. … [Read more...]
Oil prices rise on OPEC deficit forecast
Oil prices rose on Thursday, recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve said the economic outlook was favorable. Prices had fallen on Wednesday after a report showed an unexpected increase in U.S. crude inventories. The market picked up on Thursday, although the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries offered different prospects for the oil market in … [Read more...]
It’s a slippery slope. (Or is it?)
With an increase in the number of pipeline failures resulting from earth movement of unstable slopes, the AER recently released Bulletin 2019-28 which requires that pipeline integrity management programs take slope movement into consideration. In this bulletin, the AER encourages all operators to: Assess integrity management programs and how they address risk to pipelines as it relates to natural hazards, including slope movement; and Adopt emerging best practices for real-time … [Read more...]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Dec. 9 Temporary Senior Advisor, Investor Relations AltaGas Calgary Dec. 9 Field Operator Roska DBO Grande Prairie Dec. 9 Night Shift Opertor Roska DBO Grande … [Read more...]
Understanding the Importance of Accurate Insurance Values
Every year, you pay for insurance to cover your business if disaster strikes, but are you sure that your values are accurate? Gerald Kim, Partner, Valuations, Forensics & Litigation Support at MNP works with oil and gas companies and sees how businesses consistently underestimate their insurance needs – and warns of the risks. “Inadequate coverage is common, and leaves organizations footing a bill they can’t pay,” Kim explains. “It can lead to intense financial distress in the event of … [Read more...]
Canada weekly rig count up 12 to 138
Canada’s fleet of active drilling rigs grew from 126 to 138 since last week according to data from Baker Hughes. Total drilling count was 138 at December 6. 87 rigs were drilling for oil; 51 for natural gas. The drilling activity in both Alberta and Saskatchewan increased, with Alberta growing from 86 to 91 and Saskatchewan gaining 8 wells, from 25 to 33. View a full breakdown of Western Canada’s rig activity. … [Read more...]
Request for Offers to Purchase
The Bowra Group Inc., in its capacity as Receiver (the “Receiver”) of Collaborative Energy Services Inc., Ascent Oilfield Services Corp., and Denarii Well Services Inc. (collectively “Collaborative Group”), is offering for sale the capital assets of Collaborative Group consisting of: Service rigs; Heavy-duty trucks; Catwalk trailers; Commercial trailers; Doghouse trailers; and, Crane carrier. The Receiver is selling its right title and interest in the shares owned by … [Read more...]
TGS Commences Onshore Seismic Acquisition for Additional Montney Basin 3D Project in Canada
CALGARY, Alberta (4 December 2019) – TGS announced today the commencement of its 2020 South Halfway 3D onshore seismic survey, amplifying its core position in the Inga/Fireweed area of North East British Columbia (B.C.) in Canada. The South Halfway 3D is the second multi-client onshore project this winter season in the NEBC Montney basin for TGS, it is complementing recently announced Midnight 3D. When completed, the South Halfway project adds nearly 100 square kilometers of high-quality 3D … [Read more...]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Dec. 3 Internal Communications Intern ARC Resources Calgary Dec. 2 Cloud Solutions Architect AltaGas Calgary Dec. 2 Land Management Specialist Regional … [Read more...]
Athena Energy Services Inc. is seeking to purchase good quality used oilfield equipment in Alberta.
Athena Energy Services Inc. - is seeking to purchase good quality used oilfield equipment in Alberta. 60 m3 Flock Tanks Shale Bins – high side and low side 43-46`long Open Top Tanks Pipe Racks – Drilling Rig Cat Walks – Drilling Rig Mobile Cat Walks for Service Rig Davlin Tanks Garbage Bins Line Crossings Shack Walk Ways Light Towers Fuel Tanks – All sizes (5,000 and 10,000 Liters) 1000 bbl production tanks Hydraulic Pump Buildings Incinerators … [Read more...]
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