Government of Greenland extends invitation to presentations on Greenland’s oil and gas licensing rounds and strategy The Ministry of Mineral Resources Greenland would like to extend an invitation to presentations on Greenland’s oil and gas licensing rounds and strategy. The program will include an overview of 2016-2018 licensing rounds, Greenland’s oil and gas strategy, an overview of Greenland’s regional geology, and a discussion on the environment, exploration, and seismic [Read more]
Alberta Oilmen’s Bonspiel returns for its 65th year
Online registration is now open for the legendary Alberta Oilmen's Bonspiel. Taking place from March 17-20, this year's event is open to any combination of male and female oil patch personnel. Again for this year, one non oilpatch member may play lead or second. Additionally, there will be a Saturday evening banquet and dance at the Red & White Club in Calgary. Paid entries with full teams on or before February 15th, will be entered into a draw at the banquet for return of entry fee. [Read more]
Husky lays off workers across company’s operations
Husky Energy laid off workers on Tuesday but declined to provide specific numbers or any further detail. “These are difficult decisions and we will continue to take the steps necessary to ensure the company’s resilience through this cycle and beyond,” spokesperson Mel Duvall wrote in a statement. Duvall said the job cuts were across the company’s operations. This comes after Husky’s March announcement that 1,000 tradespeople at its Sunrise oilsands project would be laid off. And last [Read more]
Wood Mackenzie: No sign of significant oil production shut-ins at US$35 per barrel
EDINBURGH/HOUSTON 5th February 2016 – Wood Mackenzie's latest global oil production analysis* indicates that 3.4 million barrels per day (b/d) of oil production is cash negative at a Brent oil price of US$35. Since the dramatic drop in prices from late 2014, there have been few halts in production – with around 100,000 b/d shut-in globally to date. According to Wood Mackenzie, the areas with the largest volumes shut-in so far have been Canada onshore and oil sands, conventional US onshore [Read more]
Divestco Offers Free Exploration Summit
The business of exploration in the Energy Industry has changed dramatically in the last couple of years. Have your software and data kept up with these changes? We are interested in hearing your opinions on how the evolution of exploration has affected your workflows! Join us for lunch to discuss the following topics alongside other industry professionals. Upcoming sessions include: Data Management - February 8th, 11:30-1:30 pm A discussion on your thoughts regarding best practices and [Read more]
Canada Rig Count Fell by 19 Rigs this Week
Canada's drilling rig count fell by 19 rigs this week; and is 163 lower than the count this time last year, according to Baker Hughes [Read more]
US Rig Count Fell by 18 Rigs this Week
The USA Rig Count fell by 13 rigs this week and almost 1,000 less than this time last year. [Read more]
Modernized royalty system will promote jobs and investment activity, while increasing revenue to Albertans over time; says government
The following is a press release from the Government of Alberta: The adoption of the Royalty Review Advisory Panel’s recommendations will create a simpler, more transparent and efficient system that encourages job creation and investment, rewards innovation and increases returns to the province over time. “Our new royalty framework recognizes the economic context of Alberta’s energy industry and the need to protect and promote good jobs. Our new system will gradually deliver greater [Read more]
Energy Navigator offers free Val Nav software for unemployed oil and gas professionals looking to boost their skills
Calgary, AB, Canada, January 19, 2016 – Calgary-based oil and gas software maker Energy Navigator announced today that it is offering free Value Navigator software and training for oil and gas industry professionals who are unemployed due to the current downturn. Free access to the industry-leading software provides out-of-work oil and gas professionals the ability to improve their production forecasting, economic analysis and reserves management skills as they search for work. “When you talk [Read more]
Deferred upstream projects tally reaches 68, equal to US$380 billion of capital investment
EDINBURGH/HOUSTON, 14th January 2016 – Wood Mackenzie has updated its analysis published in July 2015 on the impact of continued low oil prices on upstream oil and gas projects. It concludes that in the last six months of 2015 an additional 22 major projects and seven billion barrels of oil equivalent (boe) of commercial reserves have been deferred, on top of the 46 developments and 20 billion boe of reserves identified previously. Deepwater projects have been hit hardest, accounting for over [Read more]
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