The Canadian Association of Oilwell Drilling Contractors (CAODC) would like to congratulate all of Canada’s federal parties running in the 2019 election, and all voting Canadians for participating in the democratic process. CAODC looks forward to continuing to work with the federal government to develop Canada’s world-class oil and gas industry, and getting oil and gas families back on their feet. “The Trans Mountain Expansion Project and other infrastructure projects remain a high [Read more]
Headlines
Husky Energy lays off workers as energy sector struggles
Canadian oil and gas producer Husky Energy Inc laid off a number of employees on Tuesday, a company spokeswoman said, the latest sign of how Canada's energy sector is struggling with declining capital investment and sluggish growth. Calgary, Alberta-based Husky declined to say how many jobs were affected by the cuts. "Husky has been taking steps to better align the organization and workforce with our capital plan and strategy," spokeswoman Kim Guttormson said in a statement. The layoffs [Read more]
Trans Mountain pipe expansion in question after Trudeau minority
Analysts questioned the fate of the long-delayed Trans Mountain pipeline expansion on Tuesday after Canadian Prime Minister Justin Trudeau retained power but failed to win a majority, forcing him to seek the support of left-leaning parties opposed to new oil pipelines. Trudeau's Liberals will most likely need the support of the New Democratic Party and possibly the Green Party to enact key legislation - both of which are firmly opposed to the expansion of the pipeline, which will triple the [Read more]
Alberta, Saskatchewan go Tory Blue, face challenges with Liberal minority
Alberta and Saskatchewan were painted a solid Conservative blue on Monday, but leaders must now wrap their heads around getting resources to market with a Liberal minority government in Ottawa that will need the help of other parties to remain in power. Alberta Premier Jason Kenney campaigned for federal Conservative Leader Andrew Scheer and had called a Liberal minority the worst case scenario for Alberta, given the Bloc Quebecois, NDP and Greens stated antipathy to new pipeline [Read more]
Column: I wasted eight minutes watching that? Canada’s tough, tough road ahead
A great sadness swept over me when a respected colleague asked if I would write about the election. The feeling is akin to being a lifer in prison and having someone ask you if you would rather go to Hawaii next week, or Fiji. If you weren’t in prison. You’d just want to bash their head in with a rock (because this is a prison analogy), and while I didn’t want to bash anyone’s head in with a rock (for the most part), I had zero enthusiasm to offer commentary, and that was even before the results [Read more]
Despite Market Downturn, Inclusive Energy Recently Acquires $20M in Oil & Gas Assets
Inclusive Energy is pleased to announce its acquisition of a north Alberta service company's assets specializing in water management including: frac water super heaters, frac tanks, transfer pumps, manifolds and hoses, winch trucks, Texas bed trucks, straight trucks, and scissor neck 40 ton trailers. Further to the acquisition, Inclusive Energy has also recently acquired all of the remaining Canadian rental fleet from Rockwater Energy. Equipment includes storage tanks, rig mats, and C rings. [Read more]
USMCA’s impact on Canadian industry: Punitive tariffs back on the table?
Nearly one year after the signing of USMCA (NAFTA 2.0), the trade deal has yet to be ratified by Canadian or U.S. representatives. With major elections on the horizon in both nations, calls for renegotiations are likely to make it onto multiple party platforms. But what does this mean for Canadian companies? Join BDO Canada's leading customs and international trade expert Charmaine Goddeeris, and special guest speaker Damon V. Pike, the partner heading up Customs & International Trade [Read more]
Canada’s energy policy as Liberals look set to form minority government
Canada's Liberal Party is set to form a minority government after Monday's federal election, CBC TV said, following a tight election. That means Prime Minister Justin Trudeau will have to rely on support from other parties to govern. Here are some of the implications of a minority government for energy policy: Political scientists say instead of going into a formal coalition with another party, the Liberals will instead most probably govern on a vote-by-vote basis. The Conservative opposition [Read more]
Obsidian Energy Announces Date of Third Quarter Results and Resignation of CFO
CALGARY, Oct. 21, 2019 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE.BC) ("Obsidian Energy", the "Company", "we", "us" or "our") announces the reporting date of its upcoming third quarter 2019 financial and operating results and the resignation of its Chief Financial Officer. Date of Third Quarter Results Obsidian Energy expects to release its third quarter 2019 financial and operational results before North American markets open on Monday, November 4, 2019. In addition, the third [Read more]
Column: Will Canadians lament what could be lost in the aftermath of the 2019 Election?
Climate Change has been a dominant topic in the 2019 Federal election campaign. It appears Canadians want something done but we have yet to hear any leader articulate a realistic end state. If that end state is for zero emissions and the climate to hereinafter remain stable, then I offer that the geologic record indicates that such a state has never occurred nor would it be natural. Presumably the main public concern is over the role of CO2 affecting the rate and magnitude of change. It is [Read more]