RAINBOW LAKE, Alta. - Husky Energy says 5,600 barrels of produced water spilled from one of its pipelines in Northwestern Alberta. Produced water is a byproduct of oil and gas extraction and sometimes contains residual petroleum and chemicals. The Calgary company says the leak was discovered on Monday in the Rainbow Lake area and some of the water spilled into nearby muskeg. Spokeswoman Dawn Delaney says the spill is contained and the company is continuing to clean it up with pumps and [Read more]
Headlines
U.S. natgas futures slip from 21-month high as drop in crude prices weigh
U.S. natural gas futures slipped on Wednesday from a 21-month high earlier in the week as a 5% drop in crude futures weighed on all energy markets. That price dip came despite forecasts for colder weather and higher heating demand over the next two weeks, rising liquefied natural gas (LNG) exports, and a drop in output as producers shut wells ahead of Hurricane Zeta, which is expected to smash into eastern Louisiana later Wednesday. On their last day as the front-month, gas futures for [Read more]
Strategic alternatives process: Turm Oil & Gas Ltd
Turm Oil & Gas Ltd. (“Turm” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with a strategic alternatives process. Turm is open to reviewing all alternatives, with potential outcomes to this process including, but not limited to, a sale of some or all of the assets, a recapitalization of the Company or a sale or merger of the Company. Turm is a privately-held oil and natural gas company incorporated in Saskatchewan in 2019 with a small number of shareholders, no [Read more]
Column: Hey Canada and USA: Where will the world’s oil come from if we sleepwalk into energy insecurity?
In the heart of Thanksgiving/Christmas season, we are often confronted and reminded of a curiosity of human existence that has far wider repercussions than we realize. During big get-togethers (within health guidelines of course, speaking more historically here), many of us have been faced with the Phenomenon of the Perpetual Ass. It seems that in any sizeable group there is at least one person who will see it as their duty to putridly debase conversation, to offer ignorant and inflammatory [Read more]
Hemisphere Energy Provides Corporate and Operational Update
Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) is pleased to provide an update on its corporate and operational activities. Despite the numerous challenges impacting the world throughout 2020, Hemisphere is optimistic that the year ahead will bring better times. With future constraints on oil supply due to lack of capital investment worldwide, combined with an eventual return of oil demand due to the implementation of vaccines and the return of air travel, Hemisphere [Read more]
Athabasca Minerals Inc. announces non-brokered private placement and board appointment
Calgary, Alberta - Athabasca Minerals Inc. (“AMI” or the “Corporation”) – TSXV: AMI – is pleased to announce a non-brokered private placement (the “Private Placement”) of $1,480,000 based on the issuance of 9,866,668 common shares (the “Common Shares”) at a premium price of $0.15 per Common Share. HIGHLIGHTS The Private Placement, priced at $0.15/share, represents a 30% premium to the market’s last closing price of AMI, with no finders-fee payable. The Private Placement is anchored by [Read more]
TC Energy awards more than $1.6 billion in American contracts to build Keystone XL, project to create over 8,000 union jobs in 2021
HOUSTON, Oct. 28, 2020 - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) has awarded more than US$1.6 billion worth of contracts to six major American union contractors to execute pipeline construction across 800 miles in three states in the U.S. on the Keystone XL Pipeline in 2021. The six contractors will be directly responsible for hiring more than 7,000 union workers in 2021, with special emphasis placed on hiring locally first and giving priority to qualified local and Indigenous-owned [Read more]
XI Technologies: Spotlight on reclamations from the Orphan Well Association
Each week, XI Technologies scans its 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. Over the past month, we’ve been highlighting the reclamation work done in Western Canada to demonstrate how the industry addresses its environmental liabilities. Reclamation work is some of the most important liability work [Read more]
Oil falls 3.5% as rise in U.S. crude stocks fans oversupply fears
Oil prices slid about 2 percent on Wednesday, giving up most of the previous day's gains, as a surge in U.S. crude stocks and growing coronavirus infections in the United States and Europe fanned fears of a supply glut in oil and weaker fuel demand. U.S. oil was down $1.40, or -3.6%, at $37.58 a barrel, after gaining on Tuesday. Brent crude was down $1.36, or -3.4%, at $39.32 a barrel, having climbed the previous day. U.S. crude oil and gasoline stocks rose last week, data from industry [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 Oct. 27 Operations Manager Brunel Fort McMurray Oct. 23 Project Manager Strike Group Calgary Oct. 23 Electrical Superintendent Strike [Read more]