Demonstrators opposed to a Canadian energy project on Wednesday started blocking a western rail line, adding to pressure on Prime Minister Justin Trudeau to solve a two-week protest that is harming the economy. Freight traffic in eastern Canada has been stopped after campaigners blockaded a main line in Ontario. They say they want to show solidarity with an aboriginal band trying to stop construction of a gas pipeline in the Pacific province of British Columbia. Trudeau, who insists his [Read more]
Headlines
Hereditary chiefs say they’ll meet with ministers if RCMP get out
VANCOUVER - A small, mobile RCMP detachment in a remote area of British Columbia has become a bargaining chip in proposed talks that many hope could put an end to blockades that have disrupted rail and road traffic across the country. The demonstrations are in support of Wet'suwet'en hereditary chiefs who oppose a natural gas pipeline through their territory and the federal minister in charge of Indigenous relations has proposed a meeting with the chiefs to diffuse the situation. However, [Read more]
Oil gains as optimism grows economic impact of coronavirus outbreak may be brief
Oil prices gained 1% on Wednesday, with Brent rising a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market. U.S. oil was up 70 cents, or 1.3%, at $52.77 a barrel. Brent crude was up by 92 cents, or 1.63%, at $58.60 a barrel. China is still struggling to get manufacturing going again in the world's second-largest economy, after imposing stringent [Read more]
Quit wasting money Hot-Oiling waxed off wells
Oil wells often hang up once wax and asphaltenes build up on the sucker rods systems. When the oil temperature cools from the reservoir when flowing to the surface, the heavy hydrocarbons can solidify causing headaches for pumping oil wells. Not only will this wax buildup impede production, but it also causes additional stress to the pumping equipment and can accelerate downhole failures. It is a very common practice for operators to call out a hot oiler to reverse circulate fluid to clean [Read more]
XI Technologies: Open Asset Evaluation for February 2020
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. Succeeding in oil and gas development comes down to how well and how quickly you can analyze potential opportunities. Once a month, XI Technologies will apply its evaluation tools to a currently available asset to give readers a sense [Read more]
Column: Reflections on revolutionary infrastructure, dead railways, and a desperate need for a better plan
As we are now firmly underway in a new year, the welcoming ascension of the sun above the horizon provides a much-needed jolt of spring hope. On the other hand though, all that sunshine also provides a better view of the train wreck that is our nation’s economy/industrial future. More daylight brings into full view the whole mess grinding to a halt, felled by a few random objects on a few railway tracks, or a handful of not-imperilled protesters. While Ottawa devotes itself to finding a way to [Read more]
Petrus Resources Announces Year End 2019 Financial, Operating & Reserves Results; Significant Net Debt Reduction & Increased Light Oil Reserve Volumes
CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and twelve months ended December 31, 2019 and to provide 2019 year end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The Company's Management's Discussion and Analysis ("MD&A") and audited consolidated financial statements are available on SEDAR (the System for Electronic Document Analysis and Retrieval) at [Read more]
Opposition promises new info on Trans Mountain costs
OTTAWA - Federal opposition parties are promising new information about the price of the Trans Mountain pipeline at a morning news conference in Ottawa. Environment critics from the Bloc Quebecois and the NDP, and the Greens' leader in the House of Commons Elizabeth May, say they'll sound the alarm about ballooning costs on the project. The federal government bought the existing oil pipeline between Alberta and the B.C. coast, and an unfinished plan to twin it, for $4.5 billion in [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. 18 Environmental Inspector, Pipeline Construction JSG Professional Services ULC Calgary Feb. 14 Sour Gas Plant Operator - Contract Position Roska DBO Grande [Read more]
Highwood Oil Company Ltd. Announces Successful Fourth Quarter 2019 Clearwater Drilling Results and the Strategic Divestiture of Non-Core Red Earth Legacy Property
CALGARY - Highwood Oil Company Ltd. ("Highwood" or the "Company") (TSXV:HOCL) is pleased to announce successful drilling results from its Q4 2019 Clearwater drilling program. Additionally, the Company is also pleased to announce that it has entered into an agreement with an arm's-length private oil and gas exploration and production company (the "Purchaser") to divest of the majority of the Company's Red Earth asset, comprised of cash of $8.0 million and equity consideration of 10% of the [Read more]