Noralta Technologies Inc., announced today that it has acquired the business of Wellkeeper Inc, based in Houston, Texas. Noralta will move quickly to integrate Well Keeper’s clients onto its nTerface remote monitoring and surveillance platform. “We see this as a very positive addition to the Noralta user community. WellKeeper’s customers sites will be seamlessly added to our platform and immediately enjoy an increased service offering” said Cam Zarowny, President and Founder of Noralta. For [Read more]
Headlines
Federal Court of Appeal allows new challenges to Trans Mountain oil pipeline expansion
Canada's Federal Court of Appeal on Wednesday agreed to hear six challenges to the Canadian government's earlier approval of an expansion of the Trans Mountain oil pipeline, potentially adding to delays ahead of an October election. In a ruling posted on its website, the court said the six challenges relate to the adequacy of the government's consultations with indigenous groups, and that they must proceed on strict, short deadlines. The decision marks the second time in just over a year [Read more]
Suncor sees increased political risk for Keystone XL oil pipeline
Canada's second-largest oil producer, Suncor Energy , believes the political situation in the United States has increased the risks to companies counting on construction of TC Energy Corp's proposed Keystone XL oil pipeline, its chief executive said on Wednesday. A legal fight between TC, previously known as TransCanada, and environmental activists has delayed the Canada-to-Texas pipeline for a decade. A court in Nebraska last month affirmed an alternative route through the state, raising [Read more]
Oil prices rise over 2 percent, but economic worries loom
Oil prices rose on Wednesday, boosted by a wider market pickup on positive news from China’s services sector, after three days of losses due to fears about a weakening global economy. U.S. West Texas Intermediate futures gained $1.55, or 2.88%, at $55.45 a barrel. U.S. data released on Wednesday showed manufacturing activity contracted in August for the first time in three years, while euro zone activity shrank for a seventh month. Global markets rebounded after a private survey [Read more]
Encana Announces Final Results of Substantial Issuer Bid
Encana Corporation today announced the final results of its substantial issuer bid (the "Offer") under which it has accepted to purchase for cancellation 47,333,333 of its common shares ("Shares") at a purchase price of US$4.50 per Share, for an aggregate purchase price of approximately US$213 million. Shares purchased under the Offer represent approximately 3.5% of the issued and outstanding Shares at the time that the Offer was commenced. Based on the final count by AST Trust Company [Read more]
Duvernay East Shale Basin: New Leasing Opportunities Available from PrairieSky Royalty
PrairieSky Royalty has over 75 sections of Duvernay rights available for leasing to industry in the Trochu area of Central Alberta. Lands are mapped within the Duvernay East Shale Basin oil window, with up to 18m pay on PrairieSky lands. Oil production from both Upper and Lower Duvernay horizontals has been proven in the area. Interested parties can view PrairieSky’s updated land availability and technical mapping at PSK Trochu Duvernay Shale Oil Opportunity. For further information please [Read more]
XI Technologies: Why you need to pay attention to your non-operated retirement liabilities, and how to do it
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. Asset Retirement Obligations (ARO) only pertain to the operators of wells and facilities, right? Wrong! With the relatively high visibility of Licensee Liability Rating (LLR) and Liability Management Rating (LMR) regulatory [Read more]
GuildOne Blockchain in Energy Announcement
On September 9th, GuildOne is proud to be hosting Blockchain in Energy to help kick off Alberta Blockchain Week, which is presented by the Alberta Blockchain Consortium (ABC). Blockchain in Energy will feature an afternoon of events to explore the vast potential of blockchain technologies to transform the energy industry. It will feature presentations by industry leaders covering topics such as: How blockchain is revolutionizing the Energy industry How cloud technologies power blockchain [Read more]
Federal Court of Appeal to rule on whether to let pipeline challenges proceed
The Federal Court of Appeal is to reveal today whether a new set of legal challenges to the Trans Mountain pipeline project can proceed. Ottawa has twice approved a plan to twin an existing pipeline from Alberta's oilpatch to the B.C. coast. Last year, the Federal Court of Appeal tore up the original approval, citing both an insufficient environment review and inadequate consultations with Indigenous communities. The Liberals say they fixed both problems and approved the expansion a [Read more]
Column: “I said, you’re SITTING on the BABY!” Apathetic export pipeline companies slash commodity prices/government royalties, compound abandoned well issues, and wipe out otherwise healthy producers
Life in the petroleum sector used to be exhilarating - earning a living in an incredibly dynamic business, providing the fuel that the world needs to maintain its standard of living, and working with energetic, motivated people. Today, producers no longer feel quite so enthused; in fact they feel like 60-year-old former NFL linemen trying to get out of bed. Watching the news is like seeing your face pop up on the nation’s most wanted list for some unspeakable act committed to a dying orphan’s [Read more]