XI Technologies: What happened to the AER’s LMR report? 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. For years, the Alberta Energy Regulator (AER) has provided monthly detailed liability management rating (LMR) reports that many in the industry used for over the fence [Read more]
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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 Dec. 17 Facilities Engineer - Contract Long Run Exploration Ltd. Calgary Dec. 17 Production Engineer - Contract Long Run Exploration Ltd. Calgary Dec. [Read more]
Ottawa’s consultation with Indigenous groups on pipeline was meaningful: Lawyer
VANCOUVER - Lawyers for the Canadian government say it conducted a new round of consultations with Indigenous groups about the Trans Mountain pipeline expansion that was reasonable, adequate and fair. Jan Brongers began arguments on behalf of the federal government today asking the Federal Court of Appeal to toss out legal challenges to the government's approval of the project for the second time. The court has heard from four Indigenous groups in British Columbia that say the government [Read more]
Canada argues in court: National measures needed to address ‘climate crisis’
EDMONTON - Lawyers for the federal government are defending Canada's carbon tax by saying the climate crisis requires national measures. The law that brought in the federal levy is being challenged by Alberta in the province's Court of Appeal this week. Sharlene Telles-Langdon, in her opening arguments in support of Ottawa, called climate change the greatest challenge of our time. She said the problem and the scientific understanding of it have grown enough that federal action is [Read more]
Big oil, big banks and environment leaders link up to solve ‘climate crisis’
OTTAWA - Some of Canada's biggest oil companies are joining forces with environmentalists to develop policies for both the economy and the climate. The Energy Future Forum, which is organized by the Public Policy Forum, had its inaugural meeting Monday in Toronto. The founding members of the group include Suncor Energy, Imperial Oil and Shell Canada Ltd., as well as the World Wildlife Federation, the International Institute for Sustainable Development and representatives from the federal [Read more]
Oil rises to 3-month highs on U.S.-China trade hopes, supply cuts
Oil prices rose on Tuesday to rreach a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil demand in the world's biggest economies. West Texas Intermediate crude was up 43 cents to $60.63 a barrel. Brent crude oil futures had risen by 36 cents to $65.70 a barrel, while Under a partial trade agreement announced last week, Washington will reduce some tariffs on Chinese imports in exchange for Chinese [Read more]
Column: Confusing Steam For Methane, and Other Things to Know About the New York Times’ Latest Emissions Story
Last week, the New York Times published an article called “It’s a Vast, Invisible Climate Menace. We Made It Visible.”. The article claims to have found damning evidence of methane leaks at oil and natural gas facilities in Texas’ Permian Basin. U.S. based Energy In Depth found that the claims being made in this article were misleading at best. The accusations by the New York Times article, though found to be deceptive, could be levered by hydrocarbon opponents in Canada. However, Canada has had [Read more]
Point Loma Resources Announces Transaction Involving Asset Swap and Cash Injection for Its Wizard Lake Property
CALGARY - Point Loma Resources Ltd. (TSXV:PLX) ("Point Loma" or the "Corporation") is pleased to announce a transaction to rationalize its assets and monetize its working interest at Wizard Lake, Alberta. Highlights Point Loma has entered into a Purchase and Sale agreement ("PSA") with White Bark Energy Ltd. (WBE:ASX, "White Bark"), the parent company of Salt Bush Energy Ltd. ("Salt Bush"), to transfer its working interests in the Wizard Lake area to Salt Bush for consideration of $6.8 [Read more]
AltaGas Announces 2020 Guidance, Suspension of its Dividend Reinvestment Program, and Provides an Update on its 2020 Strategic Plan
Strong earnings growth in 2020 driven by considerable growth in Utilities and Midstream businesses and significantly lower leverage CALGARY - AltaGas Ltd. (AltaGas or the Company) (TSX: ALA) announces 2020 guidance, the suspension of its Dividend Reinvestment Program (DRIP), provides an update on its 2020 strategic plan and reaffirms its 2019 guidance. HIGHLIGHTS Announced 2020 financial guidance: normalized EPS1 in the range of $1.20 - $1.30 per share and normalized EBITDA1 in the [Read more]
U.S. natgas futures rise 2% on cold forecasts for this week and in January
U.S. natural gas futures rose 2% on Monday on forecasts confirming cold weather and high heating demand this week, despite an outlook showing next week will be warmer than previously expected. Traders noted the latest weather forecast also called for a likely return of cold in January. Front-month gas futures for January delivery on the New York Mercantile Exchange (NYMEX) rose 4.5 cents, or 2.0%, to settle at $2.341 per million British thermal units, the highest since Dec. 5. That was [Read more]