CALGARY - Executives from the biggest oilsands companies in Canada say concerns about getting their products to market are starting to ease in the wake of the regulatory approval of Enbridge Inc.'s $9-billion Line 3 pipeline replacement project. The project to add about 375,000 barrels per day of export capacity into the United States cleared its last major regulatory hurdle at the end of June when it was conditionally endorsed by Minnesota state officials. Executives from Suncor Energy [Read more]
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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 Jul. 10 CLASS 1 FLUID HAULER - (GPF) Trican Well Service Ltd. Grande Prairie Jul. 10 CLASS 1 FLUID HAULER - (FJF) Trican Well Service Ltd. Fort St. John Jul. [Read more]
U.S. will consider requests for waivers from Iran oil sanctions – Pompeo
WASHINGTON, July 10 (Reuters) - The United States will consider requests from some countries to be exempted from sanctions it will put in effect in November to prevent Iran from exporting oil, U.S. Secretary of State Mike Pompeo said on Tuesday. “There will be a handful of countries that come to the United States and ask for relief from that. We’ll consider it,” Pompeo said according to the text of an interview in Abu Dhabi with Sky News Arabia released by the U.S. State Department. He did [Read more]
Rising oil prices may bail out Canada but precipitate a global financial calamity; there’s a reason Trump is screaming at OPEC to crank it up
Suppose you were a sort of financial derelict that spent what you wanted, and ran up huge debt. You had options to reduce the debt burden, such as collect money that was owed you, or sell off some things; but you were having a good time and that stuff seems like a lot of work. Eventually you run out of hiding places and go bankrupt, then claw your way out, then it’s party time again. But old habits die hard, and the cycle repeats. At some point, without resorting to criminality, it’s going to be [Read more]
Little Guy Oilfield Rentals Announces Their Newest Location in Grande Prairie, Alberta
Leduc, AB: Today, Little Guy Oilfield Rentals, the industry leader in matting solutions, announces their newest location in Grande Prairie. This new location allows Little Guy to better service both existing and new clients in the region. The explosion of growth associated with the Montney play requires a matting company capable of meeting the needs of the region. Little Guy is uniquely positioned to supply North Western Alberta and into British Columbia with our proven Wood Access Mats, Rig [Read more]
Heavy crude differential narrows, Syncrude outage lengthens
The Canadian heavy oil differential narrowed against the West Texas Intermediate (WTI) benchmark on Monday, after a full restoration of the Syncrude oil sands site looked to drag into September:* Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, settled at $19 a barrel below the WTI benchmark crude price , according to Shorcan Energy brokers. That compared with Friday's settle of $19.50. * The differential narrowed for the fourth straight session.* [Read more]
Parties grow at Calgary Stampede as firm oil prices slowly boost spending
Canada's energy heartland is showing a spark of optimism at the Calgary Stampede, an annual rodeo and corporate networking destination, with party sizes and event attendance on the rise as oil prices claw up from the 13-year lows of 2016.Oil and gas producers, who laid off thousands of workers and slashed millions in capital expenditures after prices began their sharp descent in 2014, are slowly increasing their spending at the 10-day festival that runs to July 15.In a sign the sector is [Read more]
Alberta likely to take equity stake in Trans Mountain pipeline: premier
CALGARY - Alberta Premier Rachel Notley says the province is likely to end up owning a piece of the Trans Mountain pipeline. Ottawa agreed to buy the Alberta-to-British-Columbia crude conduit this spring for $4.5 billion from U.S. company Kinder Morgan. Kinder Morgan had threatened to walk away from a planned $7.4-billion expansion to the line because of resistance from the B.C. government. Notley announced in May that her government would make up to $2 billion available, if necessary, [Read more]
Suncor says Syncrude to ramp up to full production in early to mid-September
CALGARY - Suncor Energy Inc. says production at the Syncrude oilsands complex is expected to ramp up to full production in early to mid-September after a power disruption in June that shut down operations. The company, which holds a 58.7 per cent stake in the partnership, says a preliminary investigation indicates the disruption was caused by a transformer malfunction the cut power on June 20. It says power and steam systems have been restored and the assessment and repair for the [Read more]
Pulse Oil Corp. Announces 3D Seismic Acquisition for Pulse’s Queenstown Assets
CALGARY, July 9, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announced today that Pulse has purchased a 50-year seismic data license for a Queenstown specific 3D seismic data set ( the "Milo 3D") covering 15,360 acres (62 sq km's) encompassing the core of Pulse's Queenstown assets targeting light sweet oil. As with the acquisition recently of the Bigoray 3D seismic data set, this most recent acquisition is critical for Pulse's Queenstown drilling program [Read more]