Inter Pipeline Ltd's 82,000 barrel per day Mid Saskatchewan crude oil pipeline has lost power following stormy weather in western Canada, a company spokeswoman said on Wednesday. The regional gathering pipeline delivers light and heavy crude into Kerrobert, Saskatchewan. "We do not know the length of this particular outage, it is based on the power outage and the weather over the last 24 hours," Inter Pipeline spokeswoman Breanne Oliver said. Fierce windstorms across much of [Read more]
Headlines
Energy East’s demise could spell electoral trouble for Liberals in NB
OTTAWA - Natural Resources Minister Jim Carr says the federal cabinet was never going to include downstream emissions as a factor when it reviewed the application for the now defunct Energy East pipeline. In a bid to stem political fallout from Energy East's demise, Carr is on a mission to convince Canadians his government's policies are not to blame for it. But a new research report suggests the project is just part of a trend of energy investment going elsewhere because of the [Read more]
Industry may face new costs over methane cuts after high emissions reading
EDMONTON - Canada's energy producers say they remain committed to targeted cuts of a potent greenhouse gas, even after a study suggesting those reductions may have to be much larger than previously thought. But Patrick McDonald of the Canadian Association of Petroleum Producers said additional cuts will come on top of costs already estimated in the billions of dollars and "flexibility" from federal and provincial governments will be needed. "If the methane emissions are higher [Read more]
Encana to update five-year plan during Investor Day; company expects to deliver leading corporate returns, strong cash flow growth and substantial free cash flow
CALGARY, Alberta, Oct. 18, 2017 (GLOBE NEWSWIRE) -- (TSX:ECA) (NYSE:ECA) At today’s Investor Day in New York City, Encana President & CEO Doug Suttles, along with members of the executive and management teams, will outline the company’s relentless focus on creating value and its updated five-year plan. “Successful execution of our strategy and strong performance through 2017 has set the stage for the next five years,” said Suttles. “We have created a highly resilient business that is [Read more]
Tangle Creek Energy Ltd. Announces Closing of Transformational Acquisition
CALGARY, Oct. 17, 2017 /CNW/ - Tangle Creek Energy Ltd. ("Tangle Creek") is pleased to announce it has closed an acquisition of assets primarily in the Waskahigan and Kaybob areas of Alberta. Included in the acquisition is approximately 2,500 boe/d of production (35% light oil), half of which is from the Waskahigan property (60% light oil) where Tangle Creek will focus future development activities. The acquisition increases Tangle Creek's current production to over 8,000 boe/d (55% [Read more]
Trudeau, Notley said yes to pipelines, while really meaning no
While telling people that they understand the importance of the pipelines, Notley and Trudeau piled up the regulatory bricks to ensure they were not viable TransCanada’s withdrawal of its proposal to build the Energy East and Eastern Mainline oil pipelines is a huge loss to Canada and Canadian workers – a $16 billion project regulated to death. Let’s get the red herring out of the way up front. Yes, the low world price of oil was surely part of this decision, but it’s certainly not all of [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. Oct. 16 Oil Field / Battery Operator Roska DBO Fox Creek Oct. 16 Coordinator, Coiled Tubing Calfrac Well Services Grande Prairie Oct. 16 AFE Administrator Canadian Natural Resources Calgary Oct. [Read more]
RMP Energy Announces Successful Closing of Transformational Asset Disposition
CALGARY, Alberta, Oct. 17, 2017 (GLOBE NEWSWIRE) -- RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce that it has completed its previously-announced strategic asset disposition (the “Transaction”) to Tangle Creek Energy Ltd. (“Tangle Creek”). After closing adjustments, consideration received by RMP under the Transaction totaled approximately $78.1 million, comprised of approximately $69.1 million in cash and $9.0 million in Tangle Creek common shares. With the closing [Read more]
What crown land sales can tell us about the state of the industry
Presented by: Jim Eistetter of Seaton-Jordan & Associates Tuesday, October 24 – complimentary workshop Jim Eistetter, President of Seaton-Jordan & Associates will highlight active areas and plays using XI data. Mr. Eistetter will provide a market analysis comparing 2016 to 2017 Crown land sale results, with a focus on Alberta. He'll address how current market conditions are affecting land sales and provide insight into how Seaton-Jordan is expecting trends to unfold in the near [Read more]
U.S. issues presidential permit to Enbridge cross-border crude pipeline
After years of regulatory delays, the United States on Monday issued a presidential permit to a three-mile segment of Enbridge Inc's Line 67 crude oil pipeline, which will enable the company to nearly double capacity on the cross-border conduit. The permit from the U.S. State Department for the so-called Alberta Clipper line will allow Calgary-based Enbridge to ship 890,000 barrels per day (bpd) of Canadian crude from Edmonton, Alberta, to Superior, Wisconsin, up from 450,000 bpd [Read more]