CALGARY - Alberta's energy regulator says Nexen Energy can resume more oilsands operations after it was forced to shutdown pipelines for not complying with maintenance and monitoring rules.Last month the company, a subsidiary of Chinese state-owned CNOOC Ltd., was ordered to cease operating 95 pipelines.The suspensions came as the regulator was investigating a July 15 pipeline spill at Nexen's Long Lake operation that leaked about five million litres of bitumen, produced water and sand into [Read more]
News
Majority of American voters believe ongoing KXL delay hurts U.S. energy security and economy
WASHINGTON, Sept.17, 2015 /PRNewswire-USNewswire/ -- A majority of U.S. voters of all political persuasions agreed that the years of Keystone XL delay have hurt our energy security and economy, according to a new poll conducted for API by Harris Poll. API Downstream Operations Senior Manager, Refining and Oil Sands Cindy Schild outlined the poll results for reporters this morning: "As we mark seven years since the initial permit application was filed for the Keystone XL pipeline, 67 percent of [Read more]
10 enlightening facts about oil & gas in Alberta
Sometimes it almost seems like we're living in a bubble devoid of common sense, logic or the facts. In light of this, the prudent thing to do is to all take responsibility and spend five minutes, twice a week, sharing and promoting an informed conversation. This is so that the special interest groups that only attack Canadian pipelines and Canadian energy exports don't sway the conversation to suit their fear based agenda. Here are ten facts about the oil & gas industry in Alberta that [Read more]
Leucrotta Exploration Commences Montney Drilling Program
CALGARY, ALBERTA--(Marketwired - Sept. 17, 2015) - Leucrotta Exploration Inc. ("Leucrotta" or the "Company") (TSX VENTURE:LXE) is pleased to announce that it has commenced its Montney drilling program. Leucrotta expects to have 3 Montney horizontal wells drilled and tested prior to year-end. Leucrotta is targeting high deliverability liquids-rich gas in the Lower Montney Turbidite horizon. As part of its capital program, Leucrotta will tie-in 3 previously drilled Montney wells prior to the [Read more]
Second Amendment to AER Suspension Order Allows Nexen to Resume Full Production
CALGARY, ALBERTA--(Marketwired - Sept. 16, 2015) - On Wednesday, September 16, 2015, Nexen Energy ULC received a second Amendment Order from the Alberta Energy Regulator (AER), which lifts the application of the Suspension Order to 10 additional pipelines at our Long Lake integrated oil sands and upgrader facility. On Sunday, September 6, Nexen received the first Amendment Order to the original Suspension Order from the AER, which allowed us to maintain approximately 75% of our Long Lake oil [Read more]
Alberta government made recession worse by ‘raising taxes on everybody,’ Harper says
VANCOUVER — Federal Conservative Leader Stephen Harper may have opened a new battlefront with Alberta’s NDP premier. After a campaign announcement Tuesday in North Vancouver, Harper said Alberta has fallen deeper into recession since Premier Rachel Notley was elected in the spring. “We know why there’s a recession. It’s not because the (federal) government ran a $2-billion surplus. There’s a recession because oil prices have fallen by half,” Harper said. “And the recession has been made [Read more]
Refinery issues south of the border may bump up gas prices in Western Canada
KAMLOOPS, B.C. - Gasoline prices have been down over the summer thanks to a plunge in oil prices, but a senior analyst at the consumer website gasbuddy.com warns a change is on the way.Dan McTeague predicts motorists from Thunder Bay to British Columbia will be paying more when gas prices jump as much as five to seven cents a litre. He says speculators are pushing up the wholesale price of gas by 4.5 cents per litre.The hike is partly due to seasonal maintenance at several Midwest U.S. [Read more]
In discussing oil & gas “subsidies”, sloppy terminology comes into play
In a heated election year, it is a sobering truth that the oil & gas industry has become a fashionable target for various commentators. In this context, few issues are likely to generate as much passion as that of oil & gas subsidies, often derided by critics as “corporate welfare.” The size of Canadian energy subsidies is said to range from $211 million to $34 billion. This range is nonsensical; what the subsidies amount to depends on what the subsidies are defined as. A fairly [Read more]
BOE Report launches comment box on select articles
BOE is pleased to announce that on certain articles (more editorial/opinion type) commenting for readers will be enabled. To comment, users will have to either sign in with social media or create an account with Disqus; don't worry as it is very simple to do! So if after reading this wonderful article by Petur Radevski, you tend to disagree on some point or bring up related issues, please don't hesitate to let your thoughts known on our comments box below the article! Please try to keep [Read more]
Enerplus Announces Appointment of New Chief Financial Officer
CALGARY, Sept. 15, 2015 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that Jodi Jenson Labrie has been appointed Senior Vice-President and Chief Financial Officer ("CFO") effective immediately. Ms. Jenson Labrie joined Enerplus in 2003 and has held progressive leadership roles within the areas of treasury, corporate reporting and compliance, strategic planning and marketing. She has over 20 years of experience in the energy industry and most recently [Read more]