New software and consulting will increase technology automation and efficiency for midstream companies. PwC Canada, a leader in providing advisory services, and Quorum Software, the leader in digital transformation for the oil and gas industry, today announced the signing of a Joint Business Agreement. Quorum and PwC Canada are collaborating on digital transformation initiatives for the midstream sector of Canada’s oil and gas industry. The new joint business agreement makes it possible for [Read more]
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Webinar: Effective management of Asset Retirement Obligations (ARO).
Whether it’s for financial reporting or bank credit redetermination, operators across the WSCB are finding they need to pay closer attention to how they evaluate, make decisions, and report on asset retirement obligations, or ARO. XI Technologies has addressed the stumbling blocks, introduced standardized methodologies, and simplified the ARO process with the industry’s first ARO Manager software. The most recent AssetBook ARO Manager includes a handy Project Overview Report which instantly [Read more]
Athabasca Minerals Inc. Receives Favourable NI 43-101 Technical Report in Support of its Duvernay Premium Domestic Sand Project
September 10, 2019 EDMONTON, ALBERTA. Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX Venture: ABM) is pleased to announce the completion of a Technical Report prepared in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) for the White Rabbit Property associated with AMI’s Duvernay Premium Domestic Sand Project (“Duvernay Project”). AMI’s Duvernay Project encompasses 356 hectares (878 acres) of largely [Read more]
UK based firm, Capterio, looking for Joint Venture Partners in flare abatement and gas conservation
Capterio is a unique new global enterprise that brings together new technology solutions, deep expertise and flexible financing to monetise flared gas. We specialize in collaborative problem-solving to help you to profitably reduce natural gas flaring and greenhouse gas emissions. If you have a flaring issue or are facing production curtailment because of third party shut-ins or regulatory restrictions (e.g. AER Directive 060) then Capterio can help. We bring not only expertise in projects [Read more]
Obsidian Energy Initiates Formal Strategic Alternatives Process
CALGARY, Sept. 10, 2019 /CNW/ - OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that the Board of Directors (the "Board") has determined that it is in the best interest of the Company and its stakeholders to initiate a formal process to explore strategic alternatives. This process is intended to evaluate the Company's strategic options and alternatives to maximize shareholder value. Such strategic alternatives may include, but are [Read more]
Oil hits six-week high on hopes of extended OPEC output cuts
Oil futures hit a six-week high on Tuesday, rising for a fifth day on optimism that OPEC and other countries may agree to extend production cuts in a bid to support prices. West texas intermediate was 27 cents, or 0.5%, higher at $58.12 a barrel, while brent was up 26 cents, or 0.4%, at $62.85 a barrel by 0349 GMT. Brent touched its highest since Aug. 1, while WTI crude rose to the highest since July 31. U.S. oil gained more than 2% on Monday, while Brent finished the day 1.7% higher as [Read more]
Repsol in advanced talks to buy Exxon assets in Gulf of Mexico -sources
Spanish oil giant Repsol SA is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp for about $1 billion, three people familiar with the matter said on Monday. The deal would be a boon to Exxon's plans to accelerate asset sales, as it seeks to raise cash to return to shareholders and fund major projects. Suppressed oil prices have weighed on the appetite of oil majors to buy such assets. There is no certainty a deal will be agreed, the [Read more]
Pembina Pipeline Corporation Announces $1.5 Billion Public Note Offering
CALGARY, Sept. 9, 2019 /CNW/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $1.5 billion of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in three tranches consisting of $600 million in senior unsecured medium-term notes, series 14 (the "Series 14 Notes") having a fixed coupon of 2.56% per annum, paid semi-annually, and maturing on June 1, 2023; $600 million in senior unsecured medium-term notes, [Read more]
Suncor Energy to invest $1.4 billion in low-carbon power cogeneration at its Oil Sands Base Plant
All financial figures are in Canadian dollars Delivers superior returns and a significant contributor to the company’s goal of growing incremental free funds flow by $2 billion by 2023 Suncor’s greenhouse gas (GHG) emissions associated with steam production at Base Plant will be reduced by approximately 25% GHG emissions in the province of Alberta will be reduced by approximately 2.5 megatonnes per year CALGARY, Alberta, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Suncor today announced [Read more]
Alberta opens public submissions for environmentalist foreign funding inquiry
EDMONTON - The Alberta government has started a website to allow people to submit information to its inquiry into foreign funding of environmental groups. Inquiry commissioner Steve Allan says he is also planning to travel outside the province, with stops in Toronto, Vancouver, Haida Gwaii, B.C. and Washington, D.C. The inquiry is to also make use of American investigations into the activity of Russian social media bots in the United States. An interim report is expected [Read more]