Reef Oilfield Inventory Ltd. (ROI, est. 2017) offers value-added surplus oilfield production equipment. From “As Is,” “Retrofitted/Repaired”, “Delivered” to “Engineered Surplus Solutions,” we are eager to share our featured Pump Jacks, Compressors, Separators, and select Gas Plants ready for your next application. As well as additional equipment landed “In the Yard”. Click the links for pictures and detailed information. To engage with us, request drawings, or inquire about equipment please [Read more]
Headlines
Pieridae releases its inaugural ESG report
CALGARY, Alberta - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) is pleased to release its inaugural ESG Report. This announcement is the culmination of more than 14 months of effort to develop an ESG framework and strategy before producing and finalizing our inaugural report. We have defined the top material ESG risks and opportunities to be prioritized over the coming months, and have made a number of commitments the Company will focus on delivering. Our Commitments: [Read more]
Canada’s climate plan charts hard road ahead for oil sands
WINNIPEG, Manitoba/CALGARY, Alberta - Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge: not only is its economy dependent on oil production, but the Canadian oil industry's carbon emissions are among the world's highest for every barrel of oil it pumps. In the long term, Canada needs to cut its dependence on the energy sector that accounts for 10% of its economy, as the world works on a transition and being less reliant on fossil fuels. [Read more]
From confrontation to collaboration: reconciling relations between the energy sector and ESG investors
NEW YORK - The next five years will bring an intense period of change for industries in the energy and natural resources sector―oil and gas, utilities, chemicals, mining and agriculture―as many reinvent themselves to tackle climate change and navigate the energy and resource transitions. Some investors are betting against them, shifting money from notable incumbents to new companies with less historical baggage. Bain's first-ever Global Energy and Natural Resources Report argues it would be a [Read more]
Enbridge Inc. announces resignation of board member Gregory J. Goff
CALGARY, AB - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Corporation) announces the resignation of Gregory J. Goff as a director of the Corporation, effective June 21, 2021. Mr. Goff's decision to resign from the Board of Directors was not the result of any disagreement relating to the Corporation's operations, policies or practices. Enbridge would like to thank Mr. Goff for his service and contribution to the Corporation. About Enbridge Inc. Enbridge Inc. is a leading North [Read more]
Fifth straight weekly dip seen for U.S. crude inventories
U.S. crude stocks were expected to drop for the fifth consecutive week, while distillate and gasoline were seen rising last week, a preliminary Reuters poll showed on Monday. Six analysts polled by Reuters estimated, on average, that crude stocks fell by about 3.6 million barrels in the week to June 18. U.S. crude oil stockpiles dropped sharply last week as refineries boosted operations to their highest level since January 2020, signalling continued improvement in demand. The poll was [Read more]
Inter Pipeline rejects revised hostile takeover offer by Brookfield Infrastructure
CALGARY - Inter Pipeline Ltd. has rejected a revised hostile takeover offer by Brookfield Infrastructure Partners LP that allows shareholders to receive their payment entirely in cash instead of a mix of cash and shares if they want. The company urged shareholders to reject the offer and support its friendly all-stock deal to be bought by Pembina Pipeline Corp., which would see shareholders receive half a Pembina share for each Inter Pipeline share they hold. Inter Pipeline says it [Read more]
PSAC announces the appointment of Gurpreet Lail as President and CEO
CALGARY, AB – The Petroleum Services Association of Canada (PSAC) Board of Directors is pleased to announce that effective June 28, 2021, Gurpreet Lail has been named President and CEO of PSAC. Lail is a proven executive with a track record of leadership success building alliances, developing value added programs, growing revenues, fund raising and achieving positive policy outcomes that benefit Canadians broadly. A lawyer by education and strategic leader by experience, Lail’s leadership [Read more]
Oil edges up as Iran nuclear talks drag on
Oil prices climbed on Monday, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the OPEC producer. U.S. West Texas Intermediate (WTI) crude for July was at $71.99 a barrel, up 58 cents, or 0.81%. Brent crude futures for August gained 34 cents, or 0.46%, to $73.857 a barrel. Both benchmarks have gained for the past four weeks amid optimism over the pace of global [Read more]
Pembina joins Inter Pipeline in filing cross-applications with Alberta Securities Commission to remedy Brookfield’s lack of disclosure and protect shareholder rights
CALGARY, AB - Pembina Pipeline Corporation ("Pembina") (TSX: PPL) (NYSE: PBA) today announced that Pembina and Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) have filed cross-applications with the Alberta Securities Commission (the "ASC") to remedy disclosure issues and coercive tactics by Brookfield Infrastructure Partners L.P. and its affiliates (collectively, "Brookfield") in relation to its inferior hostile take-over offer of Inter Pipeline (the "Take-Over Offer"). Pembina's President [Read more]