Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. It’s no secret that drilling activity has slowed in the WCSB. But there is still activity, and much of it is centered on the sometimes higher-cost, higher-risk regions of Southeast BC, Grande Prairie, Peace River, and Central [Read more]
Headlines
Disruptive Technology to Reduce Water Costs by up to 21%
North American energy companies spent over $24.5 billion on water and water-related services in 2017. In Canada, a large portion of that was spent simply moving, storing and disposing of water. For Canadian energy companies to compete at the global level, they need to reduce the water cost per BOE and ensure that water does not become a limiting factor in resource development. Yet, despite calls for the industry to adapt and innovate, many continue to manage water using stale and inefficient [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 to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Apr. 30 JOURNEYMAN HEAVY DUTY MECHANIC - (GPC) Trican Well Service Ltd. Grande Prairie Apr. 30 Medical Information Specialist Brunel Laval Apr. 30 Cost [Read more]
ARC Resources Ltd. Reports First Quarter 2019 Financial and Operational Results
CALGARY, April 30, 2019 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC" or the "Company") is pleased to report its first quarter 2019 financial and operational results. ARC's unaudited condensed interim consolidated financial statements and notes ("financial statements") and ARC's Management's Discussion and Analysis ("MD&A") as at and for the three months ended March 31, 2019 are available on ARC's website at www.arcresources.com and as filed on SEDAR at www.sedar.com. "ARC advanced [Read more]
Crude by rail a ‘temporary’ solution to pipeline shortage: CN Rail CEO
MONTREAL - The head of Canada's largest railway says ferrying crude remains a lucrative, albeit temporary solution to Canada's pipeline quandary. "The role of the rail industry is a recent role and probably a temporary role. We’re not here to replace pipelines; we’re here to be a compliment for a period of time," Canadian National Railway Co. chief executive Jean-Jacques Ruest told The Canadian Press in an interview. "We're in a position to be a bridge, if you will, between now [Read more]
‘We will keep our commitments:’ Jason Kenney takes over as Alberta premier
EDMONTON - Jason Kenney, a former federal cabinet minister who united Alberta's two estranged conservative parties and led them to victory, officially became the province's 18th premier on Tuesday. Kenney and 22 members of his United Conservative caucus were sworn in as cabinet ministers in a ceremony at Government House. They met for the first time immediately after. Kenney had said the first order of business would be to proclaim into law a bill that gives Alberta the power to [Read more]
Tensions with China ‘do not play out in our project at all’: LNG Canada CEO
OTTAWA - The head of LNG Canada says Ottawa's trade and diplomatic frictions with Beijing have had no impact on the massive project that will one day ship liquefied natural gas from British Columbia to major Asian economies — including China. In an interview today, Andy Calitz says the tensions between Canada and China have never been raised at any of LNG Canada's executive committee meetings. The state-controlled Chinese energy firm, PetroChina, owns a 15-per-cent stake in the $40-billion [Read more]
Man who climbed tree to protest Trans Mountain pipeline expects imminent arrest
BURNABY, B.C. - The 71-year-old man who defied a court injunction and climbed a towering tree in Burnaby, B.C., to protest the Trans Mountain pipeline plans to end his day-long protest soon, but says more demonstrations will follow. Terry Christenson says RCMP arrived at the base of the tree inside the Westridge Marine Terminal on Tuesday, advised him of his rights and explained they were prepared to climb the tree to arrest him. Christenson says he staged a similar protest and [Read more]
Highwood Oil Company Ltd. Announces 2018 Fourth Quarter and Year-End Financial and Operating Results and 2018 Year-End Reserves
CALGARY, April 30, 2019 /CNW/ - Highwood Oil Company Ltd., ("HOCL" or the "Corporation") (TSXV: HOCL) is pleased to announce financial and operating results for the three months and twelve months ended December 31, 2018 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2018, prepared by GLJ Petroleum Consultants Ltd. ("GLJ"). Associated Management's Discussion and Analysis ("MD&A") dated April 29, 2019 and audited financial statements as at [Read more]
Berkshire Hathaway Commits to $10 Billion Equity Investment in Occidental to Finance Acquisition of Anadarko
HOUSTON, April 30, 2019 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (“Occidental” or “the Company”) (NYSE: OXY) announced today that, in connection with the financing of Occidental’s proposal to acquire Anadarko Petroleum Corporation (“Anadarko”) (NYSE: APC), Berkshire Hathaway, Inc. has committed to invest a total of $10 billion in Occidental. The investment is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko. Berkshire Hathaway will receive [Read more]