There are currently three energy and mining projects in a public comment period with the IAAC. Most notably is Value Chain Solutions' Heartland Complex Expansion. To learn about these projects, and have your voice heard, follow the links below. Project: Value Chain Solutions - Heartland Complex Expansion Project - a bitumen upgrader and refinery, located in Alberta's Industrial Heartland, about 18 kilometres northeast of Fort Saskatchewan Comment Period: April 16 to May 17, 2021 Project [Read more]
Headlines
Oil steadies into 3rd day on U.S. stock build, pandemic fears
Oil prices remained steady on Thursday as a surprise build-up in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan fuelled fears that a recovery in global economy and fuel demand may be stalled. U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.29%, at $61.22 a barrel. Brent crude futures gained 18 cents, or 0.28%, to $65.22 a barrel. U.S. crude oil stockpiles unexpectedly edged higher in the week ended on April 16, the Energy Information [Read more]
Oil prices drop as India’s COVID-19 surge crimps demand outlook
Oil prices fell for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world's third-biggest oil importer. U.S. West Texas Intermediate (WTI) crude futures for June fell 66 cents, or 1.07%, to $61.74 a barrel. The May contract expired on Tuesday down 1.5% at $62.44. Brent crude futures for June fell 56 cents, or 0.9%, to $65.72 a barrel after dropping 48 cents on Tuesday. "India is a major crude oil consumer. So [Read more]
XI Technologies: Duvernay Overview
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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here. Like the Montney play XI covered in March, the Duvernay has seen its share of A&D activity as new players look for opportunities in this unconventional play. Today, we’ll draw on XI Technologies’ enriched industry data to [Read more]
Ardee Resources and Cumulus Investments have retained CB Securities as its advisor for the sale of their Dunvegan oil and gas property
Non-Binding Bids for the combined Dunvegan interests are due by noon on Wednesday, May 19, 2021. Highlights include: 1.25% unitized working interest in the Dunvegan Gas Unit No. 1 with a 6% historical decline rate Includes working interest in the 240 MMcf/day gas plant facility and infrastructure 2.68% working interest in 2 non-Unit Debolt oil wells with a 4% decline rate 87 BOE/day (390 Mcf/day of 1,155 BTU/Scf sales gas, 8 Bbls/day of oil/condensate, some NGL’s) 63 [Read more]
Global oil demand to peak in 2026: Rystad Energy
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier than previously expected, Norway’s biggest independent energy consultancy Rystad said on Wednesday. World demand is now seen peaking at 101.6 million barrels of oil per day (bpd) in 2026, down from a forecast made in November of a peak in 2028 at 102.2 million bpd, Rystad Energy said. “The adoption of electrification in transport and other oil-dependent sectors is [Read more]
CAPL & Pandell Present: wrangling the double black swan with Ken Larson at the CAPL AGM
Join the Canadian Association of Petroleum Landmen and Pandell as they present Executive Coach, Ken Larson in a virtual event on Thursday, April 29, 2021 at 11:30 a.m. Tune in during your lunch break for some uplifting motivation and advice to give us the skills to more easily deal with the tumultuous events hitting our industry, our personal lives, and our community. Note this presentation will commence after CAPL's AGM matters. This event is guaranteed to get your energy going, provide [Read more]
Synergy Land Services hires Vice-President
Synergy Land Services is pleased to announce that Mr. David Serfas has joined the team as vice-president, supporting day to day operations, business development and strategic planning, in addition to project management duties. David adds youth to the senior management team, and valuable upstream project management experience for the organization as a whole. David has a Bachelor of Commerce, Petroleum Land Management degree, Project Management Professional designation, Aboriginal Relations [Read more]
Cuda Oil and Gas Inc. reports an increase in proved, developed and producing oil and liquid reserves and achieves 1 BCF of gas injected into the Shannon Oil Pool
Calgary, Alberta - Cuda Oil and Gas Inc. (TSXV: CUDA) ("Cuda" or the "Company") is pleased to release the results of its December 31st, 2020 Oil and Gas Reserves Evaluation ("2020 Reserves Report") for Wyoming and Alberta. Cuda recorded significant progress in maturing its major asset at Barron Flats Shannon Secondary Recovery Unit ("SSRU") in the Powder River Basin of Wyoming. In the 2020 Reserves Report, Ryder Scott has identified significant increases to the Company's estimated Proven [Read more]
Aggressive tactics from CNRL won’t resolve Chetwynd dispute, says Unifor
CHETWYND, BC - Multinational energy company CNRL is trying to bully its way into concluding a legal strike by Unifor Local 449, says Unifor. "The energy workers in Chetwynd deserve the wage and benefits pattern that has been bargained industry-wide," said Jerry Dias, Unifor National President. "CNRL must pay its fair share." After failing to impose a final offer on members of Unifor Local 449 at the SNRI gas plant, the company is trying to escalate tensions by imposing the same rejected [Read more]