CALGARY, AB - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today it will report first quarter 2021 operating and financial results under a new business structure to align with how it manages budgets and commercially operates its business. Inter Pipeline was previously organized into four businesses: oil sands transportation, conventional oil pipelines, NGL processing and bulk liquid storage. Effective January 1, 2021, these four segments have been repositioned into four new [Read more]
Headlines
TC Energy sees natgas opportunities in shift to green energy
TC Energy sees plenty of investment opportunities in its large natural gas business as a transition to cleaner energy evolves, Chief Executive François Poirier said on Wednesday. Calgary-based TC Energy has the biggest natural gas pipeline system in North America, and Poirier said the company sees plenty of opportunities to allocate capital to that business in the form of organic bolt-on projects. Storage and transportation assets will be key as the energy transition moves forward and new [Read more]
Roadblocks and protests adding value to existing pipelines, says Enbridge CEO
CALGARY - The CEO of Enbridge Inc. says the company's ongoing battles with opponents over two of its U.S. oil pipelines will eventually be recognized in higher valuations for those assets as North American energy demand inevitably increases. Al Monaco, speaking on Day 2 of the virtual 2021 Scotiabank CAPP Energy Symposium, says regulatory and political obstacles to building pipelines are expected to continue to make new pipelines hard to build, which should make "pipe in the ground" more [Read more]
Oil prices down slightly on stronger economic outlook, U.S. stockpile draw
Oil prices edged lower on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world's biggest fuel consumer, fell. Brent crude futures for June dropped by 18 cents, or 0.29%, to $62.48 a barrel. U.S. West Texas Intermediate crude for May fell 20 cents, or 0.25%, to $59.02. "Optimism on the global economic outlook boosted sentiment in the crude oil market," analysts from ANZ [Read more]
GLJ’s April 2021 pricing – Impacts of ESG and carbon policy
As we continue toward global oil supply and demand balance with the impacts of the pandemic beginning to slowly fade, there is a renewed focus on ESG and carbon policy by both industry and government. ESG and carbon policy may drive up North American energy production costs In response to the need to strengthen Environmental, Social and Governance (ESG) practices, energy companies in North America are re-evaluating the way they operate to attract investment. In addition to the ESG movement, [Read more]
Recruitment firms going strong: Demystifying the business
Despite challenges in Calgary’s oil and gas sector, there is continued strong demand for external expertise in personnel search and recruiting for large and small energy companies, from CFO to Production & Revenue Accountant. It is an employers’ market these days, however, sorting through the increased volume of applicants is onerous and time-consuming. A large percentage of candidates who are employed and not actively looking at job ads, but are ready to hear about new opportunities. [Read more]
XI Technologies: Open Asset Evaluation for April 2021
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. Succeeding in oil and gas development comes down to how well and how quickly you can analyze potential opportunities. Once a month, XI Technologies will apply its evaluation tools to a currently available asset to give readers a sense [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 Apr. 6 COILED TUBING OPERATOR - (RDC) Trican Well Service Ltd. Red Deer Apr. 6 COILED TUBING SUPERVISOR - (RDC) Trican Well Service Ltd. Red Deer Apr. [Read more]
Questerre and ZEG Power sign letter of intent for blue hydrogen
CALGARY, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) is pleased to announce a letter of intent (the “LOI”) with ZEG Power AS (“ZEG Power”), a private Norwegian company, to evaluate their proprietary leading edge blue hydrogen technology for the Company’s Clean Tech Energy project in Quebec. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We believe hydrogen will become a cornerstone of the emerging circular economy. As we move from near [Read more]
Heavy crude discount edges wider
Canadian heavy crude's discount to West Texas Intermediate (WTI) widened on Tuesday in choppy trade. Western Canada Select (WCS) heavy blend crude for May delivery in Hardisty, Alberta, last traded at $10.10 per barrel below WTI, according to NE2 Canada Inc, widening from Monday's settlement of $9.85 per barrel below the benchmark. Early in Tuesday's session, WCS changed hands at $9.75 a barrel below WTI. Synthetic crude from the oil sands traded at $1.00 a barrel above WTI, weakening [Read more]