U.S. energy firms reduced the number of oil rigs operating for a third week in a row as producers follow through on plans to slash spending on new drilling for a second year in a row in 2020. Drillers cut 11 oil rigs in the week to Jan. 10 in the biggest decline since October, bringing the total count down to 659, the lowest since March 2017, energy services firm Baker Hughes Co said in its closely followed report on Friday. In the same week a year ago, there were 873 active rigs. In [Read more]
Headlines
Pembina Pipeline Corporation Announces Closing of $1 Billion Public Note Offering
CALGARY - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $1 billion of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in three tranches consisting of $250 million principal amount issued through a re-opening of the Company's 4.02% medium-term notes, series 10, due March 27, 2028 (the "Series 10 Notes"); $500 million principal amount issued through a [Read more]
Oil prices fall further as threat of Middle East war recedes
Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories. WTI was down 50 cents, or 0.82%, at $59.06 and also on track for a first weekly drop in six, nearly 6% from last Friday's close based on the latest prices. Brent crude fell 33 cents, or 0.3%, at $65.04 by 0240 GMT, and is heading for its first decline in six weeks, down [Read more]
U.S. natgas futures rise 2% on forecasts for colder weather, more heating demand
U.S. natural gas futures on Friday rose 2% on forecasts for much more cold weather and heating demand later in January than previously expected. Meteorologists projected the weather in the U.S. Lower 48 states will turn from warmer than normal now to mostly colder than normal from Jan. 16-25. That outlook is much cooler than Thursday's forecast. Front-month gas futures for February delivery on the New York Mercantile Exchange were up 4.3 cents, or 2.0%, to $2.209 per million British [Read more]
Underwater Assets – Seeking to Purchase High Quality Water Well Drilling Equipment
Alberta Water Well Drilling Activity from 2012 - 2019 Connate Water Solutions LLC is seeking to purchase the following used, high quality water well drilling equipment in Western Canada (Alberta, BC or Saskatchewan). Ingersoll-Rand/Atlas Copco TH-60 Water Well Drilling Rigs with Air Packages Atlas Copco T3W Water Well Drilling Rigs Field Water Testing and Flowmeter Equipment Submersible Pumps (3 – 10 HP) Water Trucks Grouters Pickers Mobile Geo Trailers Flat [Read more]
Natural Gas World Presents: Canadian Gas Dialogues 2020
Natural Gas World presents Canadian Gas Dialogues 2020 with the support of the Canadian Gas Association (CGA), Canadian Association of Petroleum Producers (CAPP) and the Canadian Energy Pipeline Association (CEPA), sponsored by Enbridge Inc. and with the BOE Report as its main Media Partner. The Canadian Gas Dialogues conference is designed to bring together the spectrum of stakeholders in the natural gas community for the exchange and sharing of insight and viewpoints on how we can [Read more]
White House proposes dramatic overhaul of environmental approval process
WASHINGTON - The White House is promising sweeping changes to how major energy and infrastructure projects in the United States are evaluated for their potential environmental impact. U.S. President Donald Trump says the planned overhaul of the National Environmental Policy Act, or NEPA, will streamline environmental approvals for major construction efforts like highways, airports, pipelines and power plants. Trump did not specifically mention the long-delayed Keystone XL pipeline, but he [Read more]
Natural gas pipeline company posts 72-hour notice to clear way in northern B.C.
BRITISH COLUMBIA - A natural gas pipeline company has posted an injunction order giving opponents 72-hours to clear the way toward its work site in northern British Columbia. The order stamped Tuesday by the B.C. Supreme Court registry addresses members of the Wet'suwet'en Nation and supporters who say the project has no authority without consent from the five hereditary clan chiefs. It comes one year after RCMP enforcement of a similar injunction along the same road sparked global rallies [Read more]
AltaGas Announces Board of Director Transition
CALGARY - AltaGas Ltd. (AltaGas) (TSX: ALA) announces the appointment of two new Independent Directors – Linda Sullivan and Nancy Tower to its Board of Directors effective today. In addition, AltaGas announces the retirement of Daryl Gilbert from the Board to be effective following the conclusion of AltaGas' next annual meeting of shareholders to be held in May this year. Following Mr. Gilbert's planned retirement, AltaGas' Board will once again be comprised of 11 directors with [Read more]
Millennium Land: 20 years in the making
I must have sent out 50 resumes to potential employers from California to Fort St. John BC. prior to the February break of 2000. There were approximately 30 students in the Land Acquisition and Management Program at Olds College in 2000 so thankfully I had a few job interviews. One (unsuccessful) interview took me to Regina, SK. While traveling the scenic lanes of Highway 1 back to Alberta I get a call from a long-time friend. “Why are you in Saskatchewan?” he asks. “Job hunting”, I [Read more]