Canlin Royalty Properties Partnership (“Canlin”), by its Managing Partner, Canlin Energy Corporation, is pleased to announce that the following Petroleum and Natural Gas rights have been posted for Lease at the October 30, 2020 Saskatchewan Landsale. Parcel No.: Legal Description Undivided Mineral Interest W.I. Mineral Rights CEC-2020-04 002-34-W1M Fr W 17; 50% 100% All PNG CEC-2020-05 002-01-W2M SE 13; 50% 100% All PNG CEC-2020-06 002-03-W2M SE [Read more]
Headlines
Tamarack Valley Energy Ltd. releases inaugural 2020 sustainability report
CALGARY - Tamarack Valley Energy Ltd. is pleased to announce the completion of its inaugural Sustainability Report, outlining the Company's continued focus on environmental, social and governance ("ESG") practices and the increasingly vital role these factors play in Tamarack's strategy. The Company has set commitments and goals related to the focus areas of governance, health and safety, community engagement, indigenous partnerships, people, land and biodiversity preservation, water [Read more]
Kinder Morgan issues 2019 Environmental, Social and Governance report
Report Expands on Methane Emissions Reductions, Community Relations and Biodiversity Programs HOUSTON - Kinder Morgan, Inc. announced today the publication of its 2019 Environmental, Social and Governance (ESG) report. This report builds on our vision as a company to deliver energy to improve lives and create a better world. “We have provided additional ESG-related metrics throughout our report, including our electricity and renewable energy usage, company-wide air emissions and community [Read more]
Ottawa provides $100 million to research ways to cut GHG emissions in oil and gas
CALGARY - The federal government says it will provide $100 million from its strategic innovation fund over four years to accelerate the development and use of technologies to lower the oil and gas industry’s environmental impact. Innovation, Science and Economic Development Canada says the money will be provided to the Clean Resource Innovation Network, a 1,700-member consortium of companies, not-for-profit organizations, government departments and agencies, researchers, academic institutions [Read more]
As popularity slides, Alberta’s Kenney has oil pipeline riding on U.S. vote
The premier of Alberta is losing popularity as the pandemic deepens its economic woes, highlighting the big pipeline bet that Jason Kenney has riding on the U.S. election. Kenney said in March that Alberta would invest C$1.5 billion ($1.14 billion) in TC Energy Corp's Keystone XL (KXL) oil pipeline and back the company's C$6-billion credit facility. The Alberta-to-Nebraska pipeline would widen the province's often-constricted export channels and boost prices, but TC has failed for more [Read more]
U.S. oil refineries slow as gasoline demand softens
By restricting crude processing and focusing on making gasoline, U.S. petroleum refiners have made progress in reducing excess stocks of middle distillates such as diesel and heating oil. In the first half of October, however, the strategy has been challenged by softening domestic gasoline consumption, forcing them to make even deeper cuts in crude processing in an effort to stay on track. The volume of gasoline supplied to domestic users fell in both the two most recent weeks, [Read more]
The Clearwater’s Comeback
As industry continues to endure the chaos of the last six months (not that the last six years have been much of a picnic…), activity is slowly returning to key plays like the Clearwater. Outside of thermal development wells at Cold Lake, the Clearwater went undrilled from early March to mid-August 2020. However, new wells have since been spudded at Nipisi, Marten Hills, Meanook (on the Jarvie trend) and Ukalta (figure 1). Since multi-lateral Clearwater production volumes and rates account [Read more]
CNOOC Limited Announces Key Operational Statistics for Q3 2020
HONG KONG - CNOOC Limited (the "Company") today announced its key operational statistics for the third quarter of 2020. The Company achieved a total net production of 131.2 million barrels of oil equivalent ("BOE") for the third quarter of 2020, representing an increase of 5.1% year-over-year ("YoY"). Production from China increased by 10.4% YoY to 88.6 million BOE, mainly attributable to commencement of new projects such as Luda 21-2/ Luda 16-3 regional development project and Dongfang [Read more]
Exxon Mobil ‘very close’ to disclosing U.S., Canada job cuts -CEO
Exxon Mobil Corp is "very close" to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The second-largest U.S. oil company by market value lost nearly $1.7 billion in the first six months and is expected to post another quarterly loss when results are released on Oct. 30. The job cuts are part of a plan unveiled earlier this year to redesign how Exxon works and to increase [Read more]
Western Canadian oil output still down after restoring some COVID cutbacks, CER says
CALGARY - The Canada Energy Regulator says most, but not all, western Canadian oil production has been restored after being cut because of low prices amid the COVID-19 pandemic. The national agency says western Canadian oil supply had slipped by as much as 972,000 barrels per day by mid-May as demand fell due to pandemic lockdowns and global supply grew because of more output from a loose coalition of other oil-producing countries. CER says Western Canadian producers had brought back [Read more]