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Taqa North staff cuts total 162

According to a recent TAQA press release, the Abu Dhabi-based oil and gas giant announced it had cut 162 staff from Canada. Read the release below courtesy TAQA: During the [past] nine months, TAQA undertook a significant structural reorganization aimed at maximizing efficiencies and positioning the business to become a leading intermediate energy company in North America. As part of this process, overall staff count was reduced by 162, whilst delivering the same activity through a simpler [Read more]

BUILD THE DAMN THING! Bush urges Obama to approve Keystone

Speaking at a shale gas industry luncheon at Pittsburgh’s DUG East conference, former president George W. Bush had some frank words for current president Obama on the merits of approving Keystone XL. “I think the goal of the country ought to be ‘how do we grow the private sector?’” Bush said during his speech. “That ought to be the laser-focus of any administration. And therefore, once that’s the goal, an issue like Keystone pipeline becomes a no-brainer.” “If private sector growth is the [Read more]

Bakken oil production forecast to top 1 million barrels per day next month

Source: U.S. Energy Information Administration, Drilling Productivity Report The latest monthly update of estimated crude oil production in the Bakken region of North Dakota and Montana shows total wellhead output topping 1 million barrels of oil per day (bbl/d) next month. The update appears in the most recent issue of the U.S. Energy Information Administration's Drilling Productivity Report (DPR). The Bakken region now accounts for a little over 10% of total U.S. oil production and [Read more]

Redford says Washington Keystone pipeline talks went well

WASHINGTON - Alberta Premier Alison Redford says she senses a shift in discussions with some U.S. government officials about the proposed Keystone XL oilsands pipeline.After her fifth trip to Washington, D.C., Tuesday to lobby for the project, Redford says some people there are starting to appreciate that shipping bitumen by rail generates more greenhouse gases than shipping it by pipeline.Redford says she met with U.S. State department officials as well as members of Congress and the Senate and [Read more]

Drilling efficiency is a key driver of oil and natural gas production

Source: U.S Energy Information Administration, Drilling Productivity Report Increases in drilling efficiency have contributed to the breakdown of traditional methods that seek to estimate oil and natural gas production based principally on rig counts. The Drilling Productivity Report (DPR) analyzes drilling efficiency using the average number of wells a rig can drill over a period of time (left chart above) as well as a measure of how productive each new well is expected to be (right [Read more]

Laricina Energy Reports Third Quarter 2013 Results

2013 continues to be an important year for Laricina with significant progress made at both Germain and Saleski. Steam injection and a staged conversion to production at the Germain Commercial Demonstration Project (CDP) continued throughout the third quarter. Our first three wells converted to production after three months of steaming and we expect bitumen production from these wells in the fourth quarter. The Saleski pilot continues to provide the blueprint for Grosmont carbonate [Read more]

UPDATE: Trudeau praises Redford’s NATIONAL ENERGY strategy

Speaking at the petroleum club in Calgary, Justin Trudeau praised Alberta Premier Alison Redford's National Energy Strategy. Throughout his speech, the federal Liberal leader slammed Harper and the conservatives for the environment policy and not acting enough on getting Keystone XL approved. Below is a feed of tweets with highlights of the speech: Trudeau touts carbon pricing and tougher regs at Calgary's Petroleum Club. Supports national energy strategy - just don't call it [Read more]

Most new drills in US produce both oil and natural gas

Source: U.S. Energy Information Administration, based on Drillinginfo In 2011 and 2012, more than 50% of new wells produced both oil and natural gas. Despite this phenomenon, many traditional methods for estimating oil and natural gas production attempt to track the development of oil and natural gas as separate rather than joint activities. The analytical framework of EIA's new Drilling Productivity Report (DPR) accounts for integrated production of natural gas and liquid [Read more]

Rethinking rig count as a predictor of natural gas production

Source: U.S. Energy Information Administration, based on Drillinginfo In the past, the number of gas-oriented drilling rigs in a particular region has been a common metric for estimating the production of natural gas. However, technological advances have led the way to the widespread use of new oil and natural gas extraction techniques that have opened up a hydrocarbon resource base dramatically larger than previous estimates. Because of these new methods of extraction, generally in wide [Read more]

POLL: Majority of Canadians support Keystone, oppose Northern Gateway

According to a Forum Research Poll Canadians support TransCanada's Keystone XL pipeline and oppose Enbridge's Northern Gateway. The survey sampled 1,859 random Canadians and found 42% favor Keystone, 41% oppose and 16% don't know. This is the first poll where a majority of Canadians support the pipeline. Unsurprisingly, Albertans offered the greatest level of support at 69%, BC and Quebec had the greatest opposition at 49% and 47% respectively. When it comes to Northern Gateway, Canadians [Read more]