CALGARY - The Alberta government is seeking feedback on its plan to cut greenhouse gas emissions from big industrial players. The province's environment, energy and agriculture ministers are meeting with 150 stakeholders over the next three days in Calgary. That includes representatives of the oil and gas, chemicals, mining and agriculture industries, among others. Albertans can also weigh in online until Aug. 2. Environment Minister Jason Nixon said they'll be [Read more]
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Heavy crude differential edges narrower
The discount on Canadian heavy crude tightened on Tuesday:* Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, settled at $11.70 per barrel below West Texas Intermediate (WTI) oil, according to Net Energy Exchange. On Monday, WCS for August delivery settled at $12.05 a barrel below WTI crude futures.* One industry source said trading volumes were reasonably strong despite many industry players attending events at the Calgary Stampede, a 10-day rodeo 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 Jul. 9 Electrician - Apprentice Strike Group Whitecourt Jul. 8 Plant Operators Roska DBO Grande Prairie Jul. 7 Board Coordinator - Corporate Secretarial [Read more]
Canadian oil companies see output cuts easing as rail capacity grows
Major Canadian oil companies, which publicly disagreed over the Alberta government’s forced curtailments this year, are in lockstep over how to end the production limits, saying they should be eased as more rail capacity comes online.Senior executives from Suncor Energy , Canadian Natural Resources , Imperial Oil Ltd and Cenovus Energy said at a TD Securities investor conference in Calgary on Tuesday that they are in talks with Premier Jason Kenney’s Alberta government [Read more]
Gear Energy Ltd. Announces Update to Board of Directors
CALGARY, July 9, 2019 /CNW/ - Gear Energy Ltd. ("Gear") (TSX: GXE) today announces changes to the Board of Directors of Gear effective immediately. Gear is pleased to announce the addition of Scott Robinson, P. Eng. to the Board of Directors of Gear. Mr. Robinson has a Master's degree in Chemical Engineering from the Colorado School of Mines and has been a petroleum engineer for over 35 years. Mr. Robinson brings a broad range of technical and business leadership experience to Gear including [Read more]
Russian output falls to three-year low as oil rivals clash
Russian oil production fell close to a three-year low in early July, as output was undermined by a row between Russian oil pipeline monopoly Transneft and the country’s biggest producer Rosneft. Transneft curbed oil intake from Yuganskneftegaz, Rosneft’s main upstream unit, the oil producer said, hurting production that has already been depressed by an oil contamination crisis. Rosneft confirmed intake limits first reported by Reuters. Transneft also confirmed to local media it had capped [Read more]
Oil steadies as demand concern counters Middle East tensions
Oil prices steadied on Monday as tensions over Iran’s nuclear program were tempered by global economic growth concerns and consequently oil demand. U.S. West Texas Intermediate (WTI) was down 2 cent at $57.49. Brent crude futures were down 1 cent by 1122 GMT at $64.22 a barrel. Iran on Monday threatened to restart deactivated centrifuges and step up its enrichment of uranium to 20% in a move that further threatens the 2015 nuclear agreement that Washington abandoned last [Read more]
Advantage Provides Second Quarter 2019 Operational Update
Increased Liquids Production and Market Diversification Gains Deliver Solid Adjusted Funds Flow (TSX: AAV) CALGARY, July 8, 2019 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to provide an operational update which includes solid second quarter 2019 results driven by higher than planned liquids production and strong market diversification gains. Liquids production during the quarter increased 142% year over year to 2,580 bbls/d, primarily from bringing [Read more]
Plains Midstream Canada Announces Rangeland Pipeline Expansion
CALGARY, July 8, 2019 /CNW/ - Plains Midstream Canada (PMC) today announces a proposed expansion of its Rangeland crude oil pipeline system for additional delivery capacity both north to Edmonton, Alberta and south to the border at Carway, Alberta. This expansion is subject to receiving sufficient commitments from shippers and receipt of necessary permits and regulatory approvals, and will provide incremental takeaway capacity for the East Duvernay and other Rangeland-area production, as well as [Read more]
Heavy and synthetic differentials steady
Canada's heavy and synthetic crude differentials were little changed on Monday: * Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, settled at $12.05 per barrel below West Texas Intermediate (WTI) oil, according to Net Energy Exchange. On Friday, WCS for August delivery settled at $12.10 a barrel below WTI crude futures. * Differentials were steady, with many industry players attending events at the Calgary Stampede, a 10-day rodeo in Canada's [Read more]