Construction of the C$6.6-billion Coastal GasLink pipeline in western Canada resumed on Tuesday, after an indigenous group that opposes the project had ordered its workers off their territory. Coastal GasLink, to be operated by TC Energy Corp , will move gas from northeast British Columbia to the Pacific Coast, where the Royal Dutch Shell -led LNG Canada export facility is under construction. While less contentious than oil pipelines, Coastal GasLink faces opposition from some leaders of [Read more]
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Calima Energy – Canadian Operations Delivered Through CWL Energy’s Asset Management Team
Asset Management Services CWL Energy Management (CWL Energy), based in Calgary, Alberta provides full-service oil and gas Asset Management services to industry. Our qualified professionals work with organizations to manage the complete value chain of asset management, from prospect generation through to sales, including production operations, engineering & geoscience, HSER, land and accounting services. We help organizations maximize asset value through cost effective, bespoke [Read more]
XI Technologies: January 2020 Expiring Land Report – Are there opportunities for you?
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. XI Technologies looks at expiring land every month because it can provide useful business development intel for service companies and E&Ps alike. For service companies, expiring lands provide insight into where drilling activity [Read more]
Producing Alberta mineral interests for sale
The Estate of Margaret Brassington (deceased) is offering for sale two quarter sections of freehold mineral interests, each of which is producing crude oil and generating royalties. These interests comprise: All mines and minerals except coal within, upon or under the Southwest Quarter of Section 5-49-1 W4M comprising 64.3 hectares (160 acres); and All mines and minerals except coal within, upon or under the Northeast Quarter of Section 19-49-1 W4M excepting thereout any of the waters [Read more]
Pembina Pipeline Corporation Announces Lump Sum Contract for Petrochemical Facility
All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), which is a financial measure that is not defined by Generally Accepted Accounting Principles ("GAAP"). For more information see "Non-GAAP Measures" herein. CALGARY, Jan. 7, 2020 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) along with Petrochemical [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 Jan. 7 Commissioning and Start-up Plant Operations Support Roska DBO Red Water Jan. 7 JUNIOR BUSINESS ANALYST - (CAT) Trican Well Service Ltd. Calgary Jan. [Read more]
Heavy discount unchanged, remains large on high storage levels
The discount on Canadian heavy crude was unchanged versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, but remained large due to large stockpiles and limited pipeline space. Alberta oil storage levels are high after a temporary Keystone pipeline outage last year and with production steady, a Calgary industry source said. The heavy differential may narrow in the second quarter when oil producers conduct maintenance, the source said. Western Canada Select (WCS) heavy blend [Read more]
Alberta fires back at UN committee for criticism of energy megaprojects
EDMONTON - Alberta's energy minister says the United Nations is an unelected, unaccountable body that has no business criticizing Canada's energy megaprojects. Sonya Savage, in a statement, says that it's the job of elected leaders, not the UN, to make decisions on how best to govern people and economies. The UN's Committee on the Elimination of Racial Discrimination has urged Canada to stop work on three major resource projects — including the Trans Mountain pipeline expansion — until it [Read more]
U.S. natgas futures rise from near 4-month low on cooler forecasts
U.S. natural gas futures rose on Tuesday from a near four-month low following the release of a midday weather report showing a few more colder-than-normal days in mid- to late-January than expected earlier in the day. In the latest afternoon forecast, meteorologists projected temperatures in the U.S. Lower 48 states will remain at warmer-than-normal to near-normal levels before turning cold on several days starting around Jan. 17. That is cooler than the morning outlook when the weather was [Read more]
Cona Resources Completes Acquisition of Pengrowth Energy Corporation
CALGARY - Cona Resources Ltd. ("Cona"), a portfolio company of Waterous Energy Fund ("WEF"), today announced the completion of its acquisition of Pengrowth Energy Corporation ("Pengrowth") for approximately C$740 million. With the Pengrowth acquisition, Cona is the largest privately-owned heavy oil producer in North America, with production of 35,000 boe/d and an industry-leading base decline rate below 10%. Adam Waterous, Founder and CEO of Waterous Energy Fund, commented, "We believe the [Read more]