Crude prices edged down on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. U.S. West Texas Intermediate crude lost 11 cents, or 0.2%, to $50.03 a barrel. Brent crude fell 29 cents, or 0.5%, to $54.71 a barrel. Both benchmarks are down nearly 7% since last Thursday's close. Fears of a pandemic escalated after the coronavirus spread to more countries, while [Read more]
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XI Technologies: What to do without the AER’s LMR report
XI Technologies: What to do without the AER’s LMR report 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. For the past few months, XI Technologies has been tracking the status of the AER’s monthly detailed liability management rating (LMR) reports. The summary report with [Read more]
Column: You’re crazy if you support hydrocarbons, and you’re crazier if you don’t – welcome to the world’s largest nest of Catch-22s
It’s been a very tiring week of energy madness, so this post is full of bafflement and the sentences are too long and there’s cultural generalizing and geographical stereotyping and just see if I give a crap. Imagine you landed in England in the middle of rainy season, that is, a month whose name includes a Y or an A or an E. Imagine you find an active and antagonistic battle going on between people using umbrellas and people providing umbrellas, and the really weird part is that the people [Read more]
CB Securities – Barnwell 2020 Non-Core Property Offering
Barnwell of Canada, Limited has retained CB Securities Inc. as its exclusive advisor for the sale of all of its non-core assets. This is an invitation to submit a Non-Binding Bid by noon on March 25, 2020. Total Offering Highlights 525 BOE/day of net production at 2019 YE 324 Bbls/day oil, 16 Bbls/day NGL and 1,050 Mcf/day sales gas $3.5 Million Forecast Annual Net Operating Income Spirit River Highlights 260 BOE/day of recent net production from 1.7 net wells [Read more]
Alberta government in court to stay judge’s order regarding oilsands decision
CALGARY - Alberta government lawyers are to be in a Calgary court today to ask for a stay of an order requiring it to make a decision on a proposed oilsands project near Fort McMurray. Last week, Court of Queen's Bench Justice Barbara Romaine gave the province 10 days to make a decision on the Rigel project. Prosper Petroleum Ltd. argued that waiting for the last 19 months for the province to decide on the project has been unreasonable. It was initially proposed in 2013 and approved by [Read more]
Gibson Energy and USD Announce Government of Alberta Approval of Hardisty DRU and Finalization of Agreements to Sanction the Construction of the Initial 50,000 bbl/d of Capacity
CALGARY, Alberta, Feb. 25, 2020 (GLOBE NEWSWIRE) -- US Development Group, LLC (through a wholly-owned affiliate, collectively USD) and Gibson Energy Inc. (Gibson) (TSX: GEI) jointly announced the receipt of all required regulatory approvals from the Government of Alberta to proceed with the construction of a diluent recovery unit (DRU) near Hardisty, Alberta, Canada. Additionally, USD and Gibson have finalized all required commercial agreements with ConocoPhillips Canada to fully underpin and [Read more]
Fracking with Jello: Family Science Day
Fracking with Jello: Family Science Day! will be held on Saturday, February 29th at the Southern Alberta Institute of Technology in the Johnson-Cobbe Energy Centre from 9:30am – 5:00pm. Drop in anytime. This fun family event aims to show off the innovative ways resource workers harvest the energy the world needs. Through hands-on experiments, guests will learn the science behind energy production - everything from fracking to density, porosity, and pressure. Get a chance to tour the SAIT [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. 25 Document Controller Brunel Calgary Feb. 25 Correspondence Controller Brunel Calgary Feb. 24 Senior Accounts Payable Analyst PetroChina [Read more]
Canada hit by new rail, road barricades in wake of arrests of indigenous protesters
Protesters in Canada blocked train lines, Vancouver's port entrance and at least one highway on Tuesday in response to the arrest of 10 indigenous protesters when police dismantled a rail barricade in southern Ontario a day ago. On Monday, police arrested some of the Tyendinaga Mohawk campaigners who had shut down the line in solidarity with the Wet'suwet'en from British Columbia, who are seeking to stop construction of a gas pipeline over their land. The new rail blockade at a junction of [Read more]
Analysts agree Canadian energy projects more difficult to get to completion
CALGARY - The perception that Canada is a more difficult place to build major energy projects is accurate, according to U.S. analysts, although opposition to such projects is growing in both countries. Speaking in the wake of a decision by Teck Resources Ltd. to cancel its $20.6-billion Frontier oilsands mine, they say geography is part of the problem as pipeline projects in Canada tend to cross more borders and Indigenous territories than typical projects in the United States. Adequate [Read more]