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. In a move that other western Canadian provinces will be watching and likely echoing, the BC Oil and Gas Commission (the Commission) has announced the Dormancy and Shutdown Regulation and Comprehensive Liability Management Plan (CLMP) [Read more]
Headlines
Federal Cabinet Approval of Trans Mountain Pipeline Project is only one Hurdle of Many the Canadian Government Needs to Jump
CALGARY, AB (June 18, 2019) – The Petroleum Services Association of Canada (PSAC) acknowledges the federal government’s approval of the Trans Mountain Expansion Project (TMEP) but notes there are more hurdles for the government to cross before the pipeline will be built. Gary Mar, President and CEO of PSAC, says, “The federal government was right to approve the TMEP. Poll after poll has shown that the majority of Canadians support this project, including an Abacus poll(1) which reported in [Read more]
B.C. First Nation plans legal challenge over Trans Mountain decision
VANCOUVER - A British Columbia First Nation is promising a legal challenge of the federal government's decision to approve the Trans Mountain pipeline expansion, while the premier says his government will continue to defend the province's coast. Environment Minister George Heyman told a news conference Tuesday that tens of thousands of jobs and billions of dollars in economic activity are at risk from a bitumen spill. "Let me say to British Columbians who value our environment, who cherish [Read more]
Take two: Alberta lauds federal re-approval of Trans Mountain pipeline project
EDMONTON - Alberta Premier Jason Kenney is lauding the federal government's decision to approve for a second time the construction of the Trans Mountain oil pipeline expansion project. But Kenney says he won't be celebrating until shovels are in the ground and the project, which triples the capacity of the existing line, is built. Kenney also says Prime Minister Justin Trudeau needs to do more on other fronts to the get more Canadian oil to global markets. He reiterated his call for [Read more]
Business leaders welcome pipeline approval but fear it may not be completed
CALGARY - Ottawa's approval of the Trans Mountain pipeline expansion pleased business leaders on Tuesday but they say they will hold off on popping champagne corks until construction begins on new pipe from Edmonton to the West Coast. "It was essential to show the world that our country can get major infrastructure projects approved," said CEO Tim McMillan of the Canadian Association of Petroleum Producers at an afternoon news conference. "It is now essential we show the world we can get [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 Jun. 17 Operator - Townsend AltaGas Fort St. John Jun. 17 Temporary Scheduler, Logistics AltaGas Calgary Jun. 17 Third Class Power Engineer / Sour Gas [Read more]
Trudeau approves expansion of crude oil pipeline, says legal challenges likely
Trudeau, as expected, approved the proposal to expand the crude oil pipeline Canada bought last year. Construction on the expansion of the Trans Mountain pipeline is planned to start this year, Prime Minister Justin Trudeau told a news conference. A senior government official, speaking on condition of anonymity, earlier said Ottawa expected legal challenges against the approval. The project would triple Trans Mountain's capacity to carry 890,000 barrels per day from Alberta's oil sands to [Read more]
Spain’s Repsol cutting Canadian staff by about 30% after global restructuring
Spanish oil company Repsol SA is cutting about 30% of its Canadian workforce, following a global restructuring process, the company confirmed in an emailed statement on Tuesday. "Repsol is constantly evaluating our activity and organization to drive continuous improvement and ensure the long-term sustainability of our business. This process has resulted in a reduction of our workforce in the Calgary, Chauvin and Edson offices," a company spokeswoman told Reuters. The new structure is [Read more]
Canadian crude Gulf Coast exports rise as Venezuelan gap is filled
Heavy crudes have poured into the United States this spring, offsetting the loss of Venezuelan oil and producing a mini-surplus, with Canadian heavy crude this month being exported from the U.S. Gulf Coast. U.S. refiners have lined up larger supplies from Canada, Iraq and Colombia since Washington in January began choking off the flow of dollars to Venezuela's socialist government by barring transactions with PDVSA, Venezuela's state oil company and once among the top three providers of heavy [Read more]
N.L. premier says he will take Ottawa to task over joint management of resources
ST. JOHN'S, N.L. - As senators debate the fate of Ottawa's bill on resource project assessments, Newfoundland and Labrador's premier says he'll do whatever it takes to ensure his province remains globally competitive. Premier Dwight Ball said today that he would be prepared to use an arbitration clause in the Atlantic Accord if he thinks Ottawa isn't respecting the deal's joint management principle around offshore oil and gas resources. He made the comment in a speech to an oil and gas [Read more]