CALGARY - Eight months into his search for a new job in the oil and gas industry, Rashad Bayramov says he's open to switching industries.But it's not so simple."There are some perceptions from employers," said Bayramov, who previously worked in cost control. "They prefer people with experience in the specific field. It's not easy to change, even if you wish so."Bayramov was one of close to 2,000 people who showed up at the Global Energy Career Expo in Calgary that ran this week. But with only [Read more]
News
Manitok Energy Inc. Announces the Closing of the Acquisition of Wayne Assets in Southern Alberta and Closing of the Majority of the Equity Financing
CALGARY, ALBERTA--(Marketwired - June 12, 2015) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to announce that it has closed the acquisition of certain petroleum and natural gas assets in the Wayne area of southeast Alberta as previously announced on its press release dated June 8, 2015 for a total cash consideration of $61.5 million prior to transaction costs and customary closing adjustments (the "Wayne Acquisition"). The [Read more]
TransCanada Reaches Significant Milestone Pacific NorthWest LNG Makes Positive Final Investment Decision Subject to Two Conditions
PRINCE RUPERT, BRITISH COLUMBIA--(Marketwired - June 12, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that its Prince Rupert Gas Transmission Project (PRGT) has reached an important milestone with a positive Final Investment Decision, subject to two conditions, from Pacific NorthWest LNG (PNW LNG) for the proposed PNW LNG liquefaction and export facility in the District of Port Edward in B.C. "This development is a significant step forward," said [Read more]
Indonesia to rejoin OPEC after 7-year hiatus in move to forge closer ties with oil exporters
JAKARTA, Indonesia - Indonesia's energy ministry said Friday the country will rejoin the Organization of Petroleum Exporting Countries this year to forge a closer relationship with oil suppliers.I Gusti Nyoman Wiratmadja Pudja, director-general of oil and gas at the ministry, said Indonesia will reactivate its membership in November after all OPEC members approved its application to rejoin the oil cartel at a meeting in Vienna last week.The Southeast Asian country left the group in 2008 after [Read more]
Pacific NorthWest LNG Announces Final Investment Decision
VANCOUVER, June 11, 2015 /CNW/ - Pacific NorthWest LNG (PNW LNG) announced today that the required technical and commercial components of the project have been satisfied. Consequently, PNW LNG has resolved to move forward with a positive Final Investment Decision, subject to two conditions. The Final Investment Decision will be confirmed by the partners of PNW LNG once two outstanding foundational conditions have been resolved. The first condition is approval of the Project Development Agreement [Read more]
Malaysia-led group gives conditional approval for B.C. LNG project
VANCOUVER - A Malaysia-led consortium has become the first in British Columbia to announce conditional approval of a liquefied natural gas project, a major step forward for the Liberal government as it stakes its future on development of the industry.Pacific NorthWest LNG, which is controlled by Malaysian energy giant Petronas, said Thursday it will confirm a final investment decision on the $36-billion project in northwest B.C. subject to two conditions.The first condition is approval of the [Read more]
Alberta’s energy minister defends key staffer who worked for anti-pipeline group
EDMONTON - Alberta's energy minister is defending her new chief of staff despite his recent work for an anti-pipeline lobby group.Marg McCuaig-Boyd said Graham Mitchell worked briefly earlier this year for Vancouver-based LeadNow but strictly in an administrative capacity.She said Mitchell, while listed as executive director and registered lobbyist for LeadNow, did not do any lobbying and is in lockstep with the Alberta NDP's policy to grow and improve market access for oil."He was just doing [Read more]
Pembina Pipeline Corporation Announces $600 Million Public Note Offering
CALGARY, June 11, 2015 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) announced today that it has agreed to offer $600 million of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in two tranches consisting of $500 million in senior unsecured medium-term notes, series 6 (the "Series 6 Notes") having a fixed coupon of 4.24 percent per annum, paid semi-annually, and maturing on June 15, 2027, and $100 million principal [Read more]
Big Oil’s push for a carbon tax a pragmatic move, not just PR, experts say
CALGARY - It may seem odd to hear Big Oil tout a policy that would make it costlier to do business.But experts say recent calls for a carbon tax have pragmatic — not just public relations — motivations.Michal Moore, an energy economist at the University of Calgary's School of Public Policy, said savvy companies see a higher price of carbon as "inevitable" and want to influence how those policies take shape.That's why the likes of Suncor Energy (TSX:SU) boss Steve Williams have been publicly [Read more]
Risks to Canada’s financial stability inched higher amid oil slump: central bank
OTTAWA - The Bank of Canada governor tried to offer calming words Thursday about the disappointing retreat of the country's economy over the first three months of 2015, saying the performance was only a little worse than its projection.But it remains to be seen how that unexpected contraction might influence Stephen Poloz's forecasts for the rest of the year.Poloz made his first public remarks since a recent data release showed Canada's economy shrank in the first quarter at an annualized rate [Read more]