CALGARY - Less than a month after U.S. President Joe Biden nixed the Keystone XL pipeline as part of a sweeping climate plan, another pipeline with implications for Canada is in the crosshairs of a U.S. politician. However, as talk surrounding the potential shutdown of Enbridge Inc.'s Line 5 intensifies on both sides of the border, shippers are confident that the oil will continue to flow, even as they make contingency plans. Enbridge Inc.'s Line 5 moves about 87 million litres of oil and [Read more]
Headlines
Head of U.S. Senate energy committee urges Biden to reverse opposition to Keystone XL pipeline
The head of the U.S. Senate energy committee, Joe Manchin, on Tuesday urged President Joe Biden to reverse his opposition to the Keystone XL pipeline, saying the project provides union jobs and is safer than transporting the oil via trucks and trains. Biden revoked a permit for the pipeline which would transport 830,000 barrels a day of carbon-intensive heavy crude from Canada's Alberta to Nebraska. It was part of a flurry of Biden's executive orders aimed at curbing climate change. In a [Read more]
Iraq says OPEC+ cuts unchanged in March, but easing after
Iraq said on Wednesday OPEC+ would keep its output cuts policy unchanged at a March meeting, but that Saudi Arabia would likely abandon voluntary production cuts of 1 million barrels per day (bpd) after that as oil prices rally. Iraqi Oil Minister Ihsan Abdul Jabbar said he anticipated an oil price of $58 to $63 in 2021. The minister spoke at a news briefing in Baghdad. Abdul Jabbar said he hoped Saudi Aramco might get a share in a deal to develop Iraq's Akkas gas field. He said a [Read more]
Buy vs. build – The software development dilemma
The relationship between energy operators and software service providers is evolving – because it has to. If you’re not already looking to increase efficiencies through the digitalization of data to better manage costs and activities, you should be. For oil and gas explorers and producers, having access to real-time data, costs, and activities associated with everything from construction, drilling, and completions, to pipeline and facilities, abandonment and reclamation is no longer a “nice [Read more]
XI Technologies: A deeper look at industry consolidation since 2018
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. In this week’s Wednesday Word to the Wise, we examine how much consolidation has taken place in the WCSB since 2018. We last wrote about industry consolidation in July 2020, covering the period from 2018 to May 2020, looking at [Read more]
Pipestone Energy Corp. releases year-end reserves with strong year-over-year reserve volume growth, and provides an operational update highlighting record production and continued capital efficiency gains
CALGARY, Alberta - (PIPE – TSX) Pipestone Energy Corp. (“Pipestone” or the “Company”) is pleased to provide an update on its production and operations, as well as report its year-end 2020 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“McDaniel”) with an effective date of December 31, 2020 (the “McDaniel Report”). Since inception, Pipestone has continued to demonstrate leadership in combining capital cost efficiencies with highly productive wells in [Read more]
Keyera Corp. announces 2020 year end results
CALGARY, AB - Keyera Corp. (TSX: KEY) ("Keyera") announced its 2020 year-end financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com. To view the MD&A and financial statements, visit either Keyera's website or Keyera's filings on SEDAR at www.sedar.com. Corporate Highlights Keyera delivered adjusted earnings before interest, taxes, depreciation, and amortization [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 Feb. 9 Inventory Control Manager Brunel Calgary Feb. 8 Junior Environmental Scientist Vertex Grande Prairie Feb. 8 Plant Engineer Pembina Redwater Feb. [Read more]
Suncor Energy running COVID-19 rapid test pilot project
Alberta is providing rapid COVID-19 tests for a pilot program at Suncor Energy Inc's main oil sands plant and a nearby First Nations and Métis community, the government said on Tuesday. Suncor is taking part in the pilot project led by Creative Destruction Lab, a Toronto-based nonprofit organization, along with 11 other companies across the country. The aim is to develop rapid screening for asymptomatic staff suitable for workplaces nationwide in order to help reopen the economy. "This is [Read more]
Trans Mountain restarts work on oil pipeline expansion
Trans Mountain has begun the restart process for construction on an expansion project for the oil pipeline, the Canada Energy Regulator (CER) said on Monday, about two months since it was halted due to safety-related issues. "The CER will continue its regular oversight of all aspects of the project, including construction, and will be conducting various on-site inspections in the near future to ensure the company is doing its utmost to ensure the safety of workers," the regulator said on its [Read more]