Western Canada’s fleet of drilling rigs are slowing down on account of seasonality in the drilling business with only 155 actively drilling according to data collected by Baker Hughes for the week of March 31. Drilling activity is starting to slow down, but still very active in comparison to last year’s count (only 110 active rigs). Will will see a continued drop in activity due to the upcoming spring breakup. Rigs activity will stay low likely until June, when activity will start to pick [Read more]
Calgary’s downtown office vacancy rate hits 25% as energy downturn persists
It should come as no surprise that Calgary’s downtown office market is closely correlated to conditions in the energy sector. Approximately 75% of downtown office tenants operate in the energy sector and the most of the remaining 25% are there to support it. Since Q4 2014, the downtown office vacancy rate has risen from 8.5% to 25% now totaling 10.6 million square feet of vacant space with nearly 40% of that being sublease space. Just how did we get here? Since 2014, approximately 5.5 million [Read more]
Seminar: Considering renouncing your US citizenship?
Complimentary seminar presented by: Alexander Marino JD, LLM (US TAX) On July 1, 2014, the US’s Foreign Account Tax Compliance Act (FATCA) went into effect, and as a result, it will become increasingly difficult to renounce your US citizenship for the “right reasons” and avoid any negative consequences. All evidence suggests that now may be the time to consider renouncing, however, the process can be complex and daunting. It is essential to ensure that you renounce properly. If not done [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 here to create an account to post jobs; it’s simple and easy to use. Mar. 24 HR Manager (Corporate) STEP Energy Services Calgary Mar. 24 Field Operator (4-6 month coverage) - llyodminster, AB Roska DBO Llyodminster Mar. 24 Field Operator, Parkland/Tower ARC [Read more]
Lots of work still ahead says former FERC lawyer on Keystone XL
Fred Jauss is currently a partner at the international law firm Dorsey & Whitney and is one of the United States' foremost experts in licensing and permits. As a former attorney with the Federal Energy Regulatory Commission (“FERC”), Jauss has significant experience in all areas of FERC's jurisdiction and has also represented energy clients in regulatory matters before the California Public Utilities Commission, the Regulatory Commission of Alaska, and other state public utility [Read more]
Divestco Launches the Industry’s Best Digital Strip Log Library
Do you wish you had access to strip logs? Are the strip logs you currently have black and white? Are they analog? Look no further: Divestco has just launched the industry’s first library of digital color strip logs. Each of our strip logs contains: Native Well Log Formats: Wellsight, GeoStrip and/or Powerlogger Full colour .tifs and .pdfs Digital LAS of: Total Gas Rate of Penetration Gamma Ray ASCII Versions of: Porosity, Oil Shows, Lithology Descriptions, [Read more]
Airdrie Oilmen’s Association proudly present White Collar Boxing III
The Airdrie Oilmen’s Association are proud to present their upcoming fundraising event, White Collar Boxing III. On Thursday, March 23rd, 2017, oil and gas corporate professionals and services employees will be facing off in the squared circle against local law enforcement and emergency services personnel in a fully sanctioned Alberta Amateur Boxing match - all in the name of charity. The oil and gas contenders and law enforcement and emergency services contenders will be divided into two [Read more]
New Frac Analysis Module from geoLOGIC
geoLOGIC is introducing a new Frac Analysis Module! Detailed fracturing data, recently acquired from the Well Completions & Frac Database (WCFD), will be embedded directly into geoSCOUT 8.4. This exciting addition will enable you to integrate all of our datasets and take advantage of geoSCOUT’s extensive suite of interpretation tools. Join Us This March Preview the new Frac Analysis module coming in geoSCOUT 8.4, stay to take a test drive for yourself, and talk to our experts. Space is [Read more]
Jason Kenney wins Alberta PC Leadership
Jason Kenney is the new leader of Alberta’s Progressive Conservatives. The former Calgary MP and federal Conservative cabinet minister beat two rivals on the first ballot in delegate voting in Calgary. Kenney captured 1,113 of the the delgate votes--well ahead of candidates Richard Starke (323) and Byron Nelson (40). Kenney now plans to meet with the Opposition Wildrose party to work out a process to combine the two parties if members on both sides approve. Under Alberta rules, [Read more]
Canada Weekly Rig Count Down 39 to 276
Western Canada’s fleet of drilling rigs are still busy but not as busy as the week prior with 276 actively drilling according to data collected by Baker Hughes for the week of March 17th. Drilling activity is starting to slow down, but still very active in comparison to last year’s count (only 67 active rigs). Will will see a continued drop in activity due to the upcoming spring breakup. Rigs activity will stay low likely until June, when activity will start to pick up again. From one [Read more]
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