The discount on Canadian heavy crude narrowed versus U.S. benchmark West Texas Intermediate (WTI) crude on Wednesday as the monthly trade cycle wrapped up. Western Canada Select (WCS) heavy blend crude for November delivery in Hardisty, Alberta, traded at $16.15 per barrel below WTI, according to Net Energy Exchange. On Tuesday November WCS settled at $16.35 a barrel below WTI. Light synthetic crude from the oil sands strengthened to trade at $1.60 per barrel over WTI, having settled at $1 [Read more]
Headlines
Gas association warns switch to electricity could raise costs by $1.4 trillion
The Canadian Gas Association says building renewable electricity capacity to replace just half of Canada's current fossil fuel-generated energy could increase national costs by as much as $1.4 trillion over the next 30 years. In a report, it contends that growing electricity's contribution to Canada's energy mix from its current 19 per cent to about 60 per cent will require an expansion from 141 gigawatts today to between 278 and 422 GW of renewable wind, solar and storage capacity by [Read more]
Canada’s Co-op Refinery preparing for possible strike action
The 135,000 barrel per day Co-op Refinery Complex in Regina, Saskatchewan, is preparing for possible strike action after the local workers union declared an impasse in negotiations over pensions. Federated Co-operatives Limited began constructing a work camp on Tuesday to house temporary contract workers in case of a strike, Gil Le Dressay, vice president refinery operations, said in a statement. Refinery management and workers are in a dispute over pension contributions. Unifor 594, the [Read more]
Rangeland Midstream Canada Begins Construction of Marten Hills Pipeline System
Rangeland Midstream Canada, Ltd. (”Rangeland Canada”), a wholly owned subsidiary of Rangeland Energy III LLC, today announced it has commenced the construction of its Marten Hills Pipeline System. The system consists of new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta. The Marten Hills Pipeline System will extend approximately 85 kilometres (52.8 miles), terminating at an interconnect with Plains Midstream Canada’s Rainbow Pipeline System, which [Read more]
Quenching Thirst in the Duvernay
The Duvernay is a Thirst Trap About 23 million cubic meters (m3) of water was used for fraccing in Alberta in 2017 (AER, 2018), and nearly 99% of that volume was non-saline. Within the Duvernay fairway (figure 1), the Spirit River has been the most drilled zone by well count, followed by the Cardium and the Duvernay. Though it has fewer wells, the Duvernay far exceeds the Spirit River and Cardium in terms of total volume of water pumped (figure 2). In 2017, 8.6 million m3 was pumped into the [Read more]
We should not be offering tours of oil and gas sites to radical activists
Did you hear the news? Celebrity teen activist Greta Thunberg is coming to Alberta! Immediately, many emotional politicians have begun laying out the red carpet and asking her for meetings and offering tours of our wonderful Cities and oil & gas facilities. What an absolutely embarrassing display by our elected 'leaders'. Fortunately, Alberta's provincial government has said it will not be seeking a meeting with Greta Thunberg. Thank goodness we have one level of Government with sense. [Read more]
XI Technologies: October 2019 Expiring Land Report – Are there opportunities for you?
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. Several times a year, we like to take a look at expiring land because it can provide useful business development intel for service companies and E&Ps alike. For service companies, expiring lands provide insight into where [Read more]
Absolute Public Online Auction—Bertram Drilling Corp. Bankruptcy
As Authorized by FTI Consulting Inc., as Monitor Carbon, Alberta, Fort Saskatchewan, Alberta and Richmond, British-Columbia Absolute Public Online Auction Bidding Starts Closing: Wednesday, October 30th, 2019 at 10:00 am (MDT) Featuring: 10 Atlas Copco TH60 Drills, Foremost HD24 Dual Rotary Drill, Heli-Portable Rigs, 3 Sonic Rigs, Assortment of Vehicles, Tools, & Much More! Lots being added DAILY! Go to Clubbid.com or Click Here: VIEW & BID LOTS Viewing & Inspection: By [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 Oct. 15 Validation Engineer Brunel North York Oct. 15 Principal Clinical Data Manager Brunel Mississauga Oct. 15 Site Project SCM Specialist Brunel Fort [Read more]
Alberta government won’t seek meeting with teen enviro-activist Greta Thunberg
The Alberta government won't seek out a meeting with teen climate activist Greta Thunberg, but Environment Minister Jason Nixon said he hopes the Swedish girl takes time to learn about the province's oil and gas industry. "I think when you look at some of Miss Thunberg's comments, she doesn't understand our province, that she doesn't understand the reality that to accomplish climate change goals worldwide, we need Alberta as part of that solution," Nixon told reporters Tuesday. "We have [Read more]