CALGARY - Alberta Premier Jason Kenney has officially opened what he has called a war room to fight what he says is a campaign of lies about the province's energy industry. Kenney announced in Calgary today that the new $30-million Canadian Energy Centre is needed to tell the "truth" about the oil and gas sector. Kenney promised to set up the war room as part of his provincial election campaign leading to the United Conservative Party's win in April. He has argued the province needs to [Read more]
Headlines
Chevron looking to sell its 50 per cent stake in its Kitimat LNG project
CALGARY - Chevron Corp. says it is looking to sell its 50 per cent stake in the Kitimat LNG Project in British Columbia. The move comes as the company looks to cut spending on some investments and take a charge of at least US$10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. Chevron says the decision is part of its global portfolio optimization effort focused on improving returns and driving value. This decision only impacts Chevron's [Read more]
It’s a slippery slope. (Or is it?)
With an increase in the number of pipeline failures resulting from earth movement of unstable slopes, the AER recently released Bulletin 2019-28 which requires that pipeline integrity management programs take slope movement into consideration. In this bulletin, the AER encourages all operators to: Assess integrity management programs and how they address risk to pipelines as it relates to natural hazards, including slope movement; and Adopt emerging best practices for real-time [Read more]
XI Technologies: What you need to know about working interest in ARO
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 to receive our Wednesday Word to the Wise in your inbox, subscribe here. When it comes to calculating liability obligations and dealing with your retirement obligation planning, working interest partners are one of the biggest sources of confusion and frustration. XI Technologies has found questions about [Read more]
Bird River Resources Announces Resignation of CFO
WINNIPEG - Bird River Resources Inc. (CSE:BDR) ("BDR" or the "Corporation") reports the resignation of Mr. John Tokarsky, Chief Financial Officer effective immediately. The Board of Directors would like to thank Mr. Tokarsky for his many years of service to the Corporation. The Board of Directors is pleased to announce that Mr. Edward Thompson, Secretary-Treasurer has been appointed pro tem Chief Financial Officer for the interim until a suitable replacement has been retained. About Bird [Read more]
Heavy discount widens as stockpiles remain elevated
The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, as stockpiles remained elevated due to transportation constraints. "The train that derailed in Saskatchewan caused much damage to the track so it might take a few more days or even a week and a bit to get back into service ... which might back some crude by rail potentially," one trader said Fires are still burning at the site where a Canadian Pacific Railway train derailed [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 Dec. 9 Temporary Senior Advisor, Investor Relations AltaGas Calgary Dec. 9 Field Operator Roska DBO Grande Prairie Dec. 9 Night Shift Opertor Roska DBO Grande [Read more]
Pembina Pipeline Corporation Provides Kinder Morgan Canada Update
CALGARY - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce the results of voting at the special meetings of the Kinder Morgan Canada Limited ("Kinder Morgan Canada") (TSX: KML, KML.PR.A, KML.PR.C) holders of restricted voting shares and special voting shares and the holders of preferred shares. At meetings held earlier today, Kinder Morgan Canada's holders of restricted voting shares and special voting shares, voting together as a single [Read more]
Father’s energy legacy haunts Canada’s Trudeau as he seeks to heal rift with angry Alberta
Canadian Prime Minister Justin Trudeau has an unusual challenge as he seeks to charm angry westerners who fear he will destroy the region's oil and gas industry - the legacy of his father, who was reviled in much of the west for his energy policies. Pierre Trudeau, also a Liberal prime minister, pushed through a series of measures in 1980 to artificially depress the price of oil and help the more populous and politically influential east, in what is now the fourth largest oil producer in the [Read more]
Chevron Announces $20 Billion Capital and Exploratory Budget for 2020
SAN RAMON, Calif. - Chevron Corporation today announced a 2020 organic capital and exploratory spending program of $20 billion. The 2020 budget supports a robust portfolio of upstream and downstream investments, highlighted by Chevron’s world-class Permian Basin position, the company’s major capital project at TCO in Kazakhstan, and an advantaged queue of deepwater opportunities in the Gulf of Mexico. “We are positioning Chevron to win in any environment by ratably investing in the highest [Read more]