Here is the latest news on protests across Canada over a natural gas pipeline project in British Columbia: Via Rail is preparing to resume part of its passenger rail service as anti-pipeline protests affect many freight and passenger train routes in Canada. The company says it has been notified by Canadian National Railway and partial service will be resume Thursday to and from Ottawa and Quebec City, with a stop in Montreal. Almost all other Via trains, except for the Sudbury-White [Read more]
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Recover® Achieves Milestone, Now Offering Industry Significant Cost and Environmental Benefits
Calgary, Alberta – February 18, 2020 – Recover Energy Services Inc. (“Recover”) is pleased to announce its Lodgepole Oilfield Waste Management Facility achieved full engineered capacity in late January. This was a significant milestone for Recover and in an effort to introduce operators to its technology and capabilities, Recover will be hosting a number of open house events in March, April and May, wherein operators are invited to tour our facility and see the technology in action. We [Read more]
Learn how Sproule implemented a fit for purpose field operations service to help a small venture capital team purchase several high-value assets in the WCSB
In addition to lowering G&A by 50% and reducing field operating costs by 60%, Sproule completed a four-step process for managing liabilities and helped the company meet their decommissioning obligations in a safe and cost-effect manner. Read more > https://sproule.com/case-studies/due-diligence-and-field-operations-services-support-corporate-acquisition [Read more]
Trudeau confers with cabinet ministers as rail blockades continue
OTTAWA - Prime Minister Justin Trudeau was in talks over the weekend with federal cabinet ministers as protesters opposed to a pipeline project in British Columbia continued to halt train service across parts of the country. Trudeau's spokeswoman Chantal Gagnon says the prime minister has already spoken to Deputy Prime Minister Chrystia Freeland, Transport Minister Marc Garneau, Public Safety Minister Bill Blair and Carolyn Bennett, the minister for Crown-Indigenous Relations. Gagnon says [Read more]
Alberta premier says ongoing rail blockade risks becoming economic crisis
EDMONTON - Alberta Premier Jason Kenney says protest blockades shutting down rail service across Canada are quickly creating a full-blown economic crisis. Kenney says Canada is a commodity-producing country and most of those go by rail. He says if rail service isn't restored soon, thousands of jobs are at risk because of what he calls "angry fringe groups." The blockades started with a protest by some Indigenous groups over the Coastal GasLink natural gas pipeline that would pass [Read more]
Canada weekly rig count down 2 to 255
Canada’s fleet of active drilling rigs shrank from 257 to 255 since last week according to data from Baker Hughes. Total drilling count was 255 at February 14. 172 rigs were drilling for oil; 83 for natural gas. The drilling activity in Alberta decreased from 167 to 160 since last week. Saskatchewan’s drilling grew from 67 to 72 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]
No mechanical defects on train that derailed in Saskatchewan
The Transportation Safety Board says its investigators have not found any mechanical defects on a train that derailed and spilled oil in rural Saskatchewan. The Canadian Pacific Railway freight train jumped the tracks on Feb. 6 near Guernsey, about 115 kilometres southeast of Saskatoon. The accident sent flames and thick black smoke into the air and spilled 7500 barrels of crude oil. There were no reported injuries, but 85 residents were evacuated from the area for more than 24 [Read more]
U.S. drillers add oil rigs for second week in a row
U.S. energy firms added oil rigs for a second week in a row as crude prices, which have dropped about 15% this year, were set to rise this week as investor concerns began to ease over the long-term economic impact of the coronavirus. Companies added two oil rigs in the week to Feb. 14, bringing the total count to 678, energy services firm Baker Hughes Co said in its closely followed report on Friday. In the same week a year ago, there were 857 active rigs. "Rig activity is biased to the [Read more]
Shutdown of Canadian National Railway lines leads to propane shortages
HALIFAX - Businesses and homes across the Maritimes are days away from running out of propane as a result of anti-pipeline protests that have severed rail links across Canada. Ian Wilson, president of Halifax-based Wilson Fuel, says his company is already rationing propane by partially filling customers' tanks. Wilson says his company is trying to ship some product into the region by truck, but that won't meet the demand. He says the shortage is not just an inconvenience, it's a health [Read more]
Oil prices rise and set for weekly gain on supply cut optimism
Oil prices were steady on Friday and are set for their first weekly gain in six weeks on the assumption major producers will implement deeper output cuts to offset slowing demand in China, the world's second-largest crude user. U.S. West Texas Intermediate (WTI) futures were up 69 cents to $52.17 a barrel. Brent crude futures gained 86 cents to $57.26 a barrel by 0234 GMT, after gaining 1% the previous session. Crude prices have plunged about 20% from their 2020-peaks on Jan. 8 as [Read more]