TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that 173,386 of its 18,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) were deposited for conversion on October 30, 2019 on a one-for-one basis into floating rate Cumulative Redeemable First Preferred Shares, Series 10 (Series 10 Shares). As previously announced in our news release dated September 18, 2019, the conversions are subject to the conditions that: (i) if TC Energy [Read more]
Headlines
Oil jumps up 2.5% on U.S. stockbuild; deeper output cut prospects give support
Oil rose on Wednesday after gaining over 1% in the previous session as U.S. industry data showed a bigger-than-expected build in crude stockpiles, but the possibility of deeper output cuts from OPEC and its allies contained the decline. West Texas Intermediate (WTI) crude futures for December delivery, the new front-month contract, grew $1.48, or 2.74%, to $55.79 per barrel. The November contract expired on Tuesday at $54.16. Brent crude futures grew $1.48, or 2.48%, to $61.04 a barrel [Read more]
Absolute Public Online Auction—Bertram Drilling Corp. Bankruptcy
As Authorized by FTI Consulting Inc., as Monitor Carbon, Alberta, Fort Saskatchewan, Alberta and Richmond, British-Columbia Absolute Public Online Auction Bidding Starts Closing: Wednesday, October 30th, 2019 at 10:00 am (MDT) Featuring: 10 Atlas Copco TH60 Drills, Foremost HD24 Dual Rotary Drill, Heli-Portable Rigs, 3 Sonic Rigs, Assortment of Vehicles, Tools, & Much More! Lots being added DAILY! Go to Clubbid.com or Click Here: VIEW & BID LOTS Viewing & Inspection: By [Read more]
XI Technologies: The good, the bad, and the ugly of drill planning information
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. When planning a drilling program, the information gathering phase is critical to the success of the drilling project. Before a bit can break ground, you need to have an estimated drill time, an approach to [Read more]
Connect with industrial thought leaders and discover what it takes to dominate today’s volatile market – Activation 2019
The future is uncertain. Alberta’s economy has taken a big hit over the past few years, resulting in a competitive economy where only the fittest survive. Join industry thought leaders as they discuss what it takes to dominate and remain competitive in today’s volatile industrial market. Created for companies looking to trailblaze in today’s industrial marketplace, we’re connecting like-minded people while sharing insights into disruptive technologies and innovative sales and marketing [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. 21 Corporate Counsel PetroChina Canada Calgary Oct. 21 Technical Sales Representative OptiFrac Chemical Services Grande Prairie Oct. 21 Project Manager [Read more]
Canadian election stokes sense of alienation in western oil patch
Canada's federal election on Monday left the country's western oil patch without any representation in Ottawa, furthering a sense of alienation in a region already deeply frustrated with the government's energy and pipeline policies. Prime Minister Justin Trudeau's Liberals, who will form a minority government, failed to win a seat in either Alberta or Saskatchewan, the heart of the struggling oil industry. The party received just 13.7% of the vote in Alberta and 11.6% in Saskatchewan. The [Read more]
CAODC Reacts to 2019 Federal Election Results
The Canadian Association of Oilwell Drilling Contractors (CAODC) would like to congratulate all of Canada’s federal parties running in the 2019 election, and all voting Canadians for participating in the democratic process. CAODC looks forward to continuing to work with the federal government to develop Canada’s world-class oil and gas industry, and getting oil and gas families back on their feet. “The Trans Mountain Expansion Project and other infrastructure projects remain a high [Read more]
Husky Energy lays off workers as energy sector struggles
Canadian oil and gas producer Husky Energy Inc laid off a number of employees on Tuesday, a company spokeswoman said, the latest sign of how Canada's energy sector is struggling with declining capital investment and sluggish growth. Calgary, Alberta-based Husky declined to say how many jobs were affected by the cuts. "Husky has been taking steps to better align the organization and workforce with our capital plan and strategy," spokeswoman Kim Guttormson said in a statement. The layoffs [Read more]
Trans Mountain pipe expansion in question after Trudeau minority
Analysts questioned the fate of the long-delayed Trans Mountain pipeline expansion on Tuesday after Canadian Prime Minister Justin Trudeau retained power but failed to win a majority, forcing him to seek the support of left-leaning parties opposed to new oil pipelines. Trudeau's Liberals will most likely need the support of the New Democratic Party and possibly the Green Party to enact key legislation - both of which are firmly opposed to the expansion of the pipeline, which will triple the [Read more]