EDMONTON - Alberta's energy war room is now on a legal footing and will soon be up and running. Energy Minister Sonya Savage told the legislature the war room is now incorporated and will be formally titled the Canadian Energy Centre. Savage says the centre will focus on improving the reputation of Alberta's oil and gas sector and challenging those it believes are delivering misinformation. She announced it will be run by Tom Olsen, a former journalist and a United Conservative [Read more]
Headlines
Oil rises on signs of easing U.S.-China tensions
Oil rose on Wednesday following media reports that China was open to agreeing a partial trade deal with the United States, while Turkey’s military operation in northern Syria also supported prices as it could impact regional oil production. U.S. West Texas Intermediate crude was at $53.57, up 94 cents. Brent crude was up 97 cents at $59.21 a barrel. Negotiators from the United States and China, the world’s top two economies, will meet in Washington on Thursday in the latest effort to [Read more]
Shell urges collaboration with other industries to tackle emissions
Royal Dutch Shell's chief executive took aim beyond the energy sector to call on leaders of other industries including aviation, shipping and steel to jointly draw up plans to tackle greenhouse gas emissions. Ben van Beurden also warned on Wednesday that energy companies that do not collaborate in the fight against climate change under the 2015 Paris agreement risk going out of business. "Climate change is the biggest challenge facing the energy industry, but the energy industry isn't the [Read more]
XI Technologies: When budgets are this tight, you need to drill smarter
Each week, XI Technologies scans their 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. It’s a myth that drilling has ceased in the WCSB. That notion is simple shorthand for the difficulties our industry currently faces in today’s economy, something you say when commiserating with colleagues and industry contacts. [Read more]
Absolute Public Online Auction—Bertram Drilling Corp. Bankruptcy
As Authorized by FTI Consulting Inc., as Monitor Carbon, Alberta, Fort Saskatchewan, Alberta and Richmond, British-Columbia Absolute Public Online Auction Bidding Starts Closing: Wednesday, October 30th, 2019 at 10:00 am (MDT) Featuring: 10 Atlas Copco TH60 Drills, Foremost HD24 Dual Rotary Drill, Heli-Portable Rigs, 3 Sonic Rigs, Assortment of Vehicles, Tools, & Much More! Lots being added DAILY! Go to Clubbid.com or Click Here: VIEW & BID LOTS Viewing & Inspection: By [Read more]
Trump’s fast-tracking of oil pipelines hits legal roadblocks
The Trump administration's effort to cut red tape and speed up major energy projects has backfired in the case of the three biggest U.S. pipelines now planned or under construction. All three have been stalled by successful legal challenges by environmental groups alleging the administration failed to apply the regulatory scrutiny required under the law. The Republican administration tried to accelerate permits for two multi-billion-dollar natural gas lines and jumpstart the long-stalled [Read more]
Hillcrest Announces Unit Private Placement
Hillcrest Petroleum Ltd. (TSXV:HRH) (OTC:HLRTF) ("Hillcrest" or the "Company") announces that it proposes, subject to the acceptance of the TSX Venture Exchange, to undertake a private placement to raise up to $600,000 (the "Offering") by the issuance of up to 20,000,000 units (the "Unit") at a price of $0.03 per Unit pursuant to a discretionary waiver of the $0.05 minimum pricing requirement granted by the TSX Venture Exchange (the "Exchange"). The units will be comprised of one common share [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 Oct. 8 Accountant Brunel Saskatoon Oct. 7 Senior Account Manager Brunel Mississauga Oct. 7 Mergers and Acquisitions Director Brunel Vancouver Oct. [Read more]
Alberta bill proposes agency to help Indigenous groups invest in energy projects
EDMONTON - Alberta is moving to set up a new Crown corporation to help Indigenous groups invest in major natural resource projects. The United Conservatives have introduced a bill that says the government would put up $1 billion, along with technical and financial advice, to backstop the Crown. Premier Jason Kenney says it would be a new way of doing business with First Nations. He says it would focus on partnerships led by the arms-length Crown agency rather than [Read more]
Oil prices drop as hopes fade for comprehensive U.S.-China trade deal
Oil prices settled lower on Tuesday, paring earlier gains as hopes of a comprehensive U.S.-China trade deal faded and a new poll showed analysts expected U.S. oil crude inventories to have risen last week. U.S. West Texas Intermediate (WTI) crude decreased to $52.07, down 75 cents or 1.45%, after hitting a high of $54.06. Brent crude settled down 66 cents, or 1.13%, at $57.76 a barrel, after hitting a high of $59.68. Hopes of progress in U.S.-China trade talks had helped lift prices [Read more]