A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New York. Oil chiefs grappling with growing demand for climate change action have looked to invest in carbon-capture and sequestration techniques that some executives, including Occidental Petroleum Corp CEO Vicki Hollub, say could make drilling carbon neutral. Carbon sequestration technology works by trapping carbon in caverns or porous [Read more]
Headlines
Tidewater announces commissioning of the Pipestone gas plant and third quarter 2019 dividend
CALGARY, Sept. 23, 2019 /CNW/ - Pipestone Gas Plant Commissioning Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Corporation") (TSX: TWM) is pleased to announce that it completed commissioning and start-up of the Pipestone Montney, sour deep-cut gas processing complex ("Pipestone Gas Plant"). The Pipestone Gas Plant is designed to process approximately 100 MMcf/day of sour gas and includes an acid gas injection well, salt water disposal well, and pipelines that [Read more]
‘We’re ready for them:’ Texans see opportunity in western Canadian malaise
CALGARY - The brochure's cover has the Texas flag as a backdrop and shows an arrow pointing from Alberta to the Lone Star State. "Arrowstar Realty invites you to relocate to Texas," reads the mailer sent to businesses across Western Canada recently. "Join the 100s of companies that have already made the move!" Inside is a letter — beginning "Dear Canadian Neighbour" — boasting of Montgomery County's "BOOMING" economy, tax incentives and ranch-style properties. It offers to link [Read more]
Razor Energy Corp. Announces Director Resignation
CALGARY, Alberta, Sept. 20, 2019 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces the resignation of Mr. Stan Smith from the Company’s Board of Directors, effective immediately. Razor wishes to thank Mr. Smith for his contributions to the Company and wishes him well in his future endeavours. Razor is a publicly-traded junior oil and gas development and production company headquartered in Calgary, Alberta, concentrated on acquiring, and subsequently [Read more]
Brad Wall: Recent Court Decisions on TMX- Actually Positive
Canoe Financial is the proud presenting partner for Brad Wall's BOEReport.com column Bias confirmation. We’ve all experienced it. Like when we buy a new vehicle, a make and model we haven’t really noticed or favoured before. In fact, in the back of our mind, while we were doing the sales dance in the showroom, the doubts keep creeping in. Why have I never seen any of these out in the street? Why am I thinking about being the first one in the history of ever to buy this vehicle? And then [Read more]
New LNG technology developed at University of Calgary touted as greener, cheaper
University of Calgary researchers focused on nanotechnology say they have developed a cheaper and more environmentally friendly way to create liquefied natural gas. Associate professor Nassar Nashaat and student Arash Ostovar say the Split Flow Integrated LNG process they developed and patented uses specialized materials and chemistry to remove carbon dioxide and other impurities from the natural gas stream without having to cool and then warm the gas as is done now in the leading LNG [Read more]
Canada weekly rig count continues to fall, down 15 to 119
Canada’s fleet of active drilling rigs reached a 2 month low, decreasing by 15 from last week according to data from Baker Hughes. Total drilling count was 119 at September 20. 82 rigs were drilling for oil; 37 for natural gas. Both Alberta and Saskatchewan's drilling decreased, with Alberta’s fleet shrinking from 86 to 77, a loss of 9 wells. Saskatchewan decreased by 5 to 30. View a full breakdown of Western Canada’s rig activity. [Read more]
U.S. oil drillers cut rigs to lowest since May 2017 -Baker Hughes
U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to the lowest since May 2017, even as crude prices jumped more than 7% this week after an attack halved output in the world's top oil exporter Saudi Arabia. Drillers cut 14 oil rigs in the week to Sept. 20, bringing the total count down to 719, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. In the same week a year ago, there were 866 active [Read more]
Oil heading for 7% weekly gain after Saudi attacks
Oil prices were on track to jump more than 7% this week, their biggest weekly gain in months, on rising Middle East tensions after a key Saudi Arabian supply hub was knocked out in an attack last weekend. A Saudi-led coalition launched a military operation north of Yemen’s port city of Hodeidah, as the United States worked with Middle East and European nations to build a coalition to deter Iranian threats after the Saudi attack. U.S. West Texas Intermediate (WTI) crude futures rose 59 [Read more]
PSAC Meets with Business Leaders in Ontario for a Critical Discussion on the Future of Energy in Canada and Across Ontario
The Petroleum Services Association of Canada (PSAC) met with business leaders gathered and hosted by the Vaughan Chamber of Commerce for a roundtable discussion. The conversation focused on the benefits to all Canadians of supporting the energy industry. “The understanding amongst the Chamber’s business leaders today about the significance of the Canadian supply chain for oil and natural gas that employs over 450,000 people from coast to coast to coast was evident,” said Gary Mar, President [Read more]