A Minnesota regulator has confirmed its approval of Enbridge Inc's Line 3 crude oil pipeline replacement, allowing the $7 billion project that will ship more barrels out of western Canada to move forward, the company said on Wednesday. The Minnesota Public Utilities Commission initially approved Enbridge's plan to rebuild the aging 1,031-mile (1,660-km) pipeline that runs from Alberta to the U.S. state of Wisconsin in June, but that decision was challenged by Minnesota's governor in [Read more]
Headlines
Canada trade deficit second highest on record due to cheap crude
Canada's trade deficit shrank slightly to $4.25 billion in January, the second highest on record, as low crude prices continued to eat into the value of exports, Statistics Canada said on Wednesday.Analysts in a Reuters poll had forecast a shortfall of C$3.50 billion. Statscan revised December's deficit to C$4.82 billion from an initial C$4.59 billion.Exports grew 2.9 percent to $47.58 billion - the first increase since July 2018 - as the value of oil shipments jumped by 36.5 percent [Read more]
Chevron Canada VP of Health, Environment, Safety & Regulatory, reveals how Chevron is developing into a better learning organization and leveraging new technologies to enhance field operations and worker safety – at the 2019 OpEx Calgary Summit
Troy Geertsen, Vice President of Health, Environment, Safety & Regulatory at Chevron Canada will be speaking at the upcoming Operational Excellence in Energy, Chemicals & Resources Summit (Calgary, June 4-6) on how the energy giant maintains a sense of vulnerability while focusing on high risk, and the initiatives they are using to drive Operational Excellence to the frontline. Download a copy of the agenda to find out more about Troy’s session. Troy will be joined by over 250 [Read more]
Environmental crotch-kicking is the latest thing, and it will not end where we think it will
“There’s no more complex, messy, community-wide argument…political discourse is now a formulaic matter of preaching to one’s own choir and demonizing the opposition. Since the truth is way, way more gray and complicated than any one ideology can capture, the whole thing seems to me not just stupid but stupefying…how can any of this possibly help me, the average citizen, how even to conceive for myself what the policy’s outlines should be? ...it’s childish, and totally unconducive to hard [Read more]
XI Technologies: Using technology to streamline energy liability management
Each week, XI Technologies scans their 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. Environmental liability management is one of the most challenging issues facing our industry right now – second only to increased access to tidewater and international markets. We remain optimistic that common sense will prevail, [Read more]
U.S. oil projects begin to falter as producers curb spending
The number of pipeline and storage terminal projects proposed to move shale to the U.S. Gulf Coast has dwindled amid steps by oil producers to pare exploration spending.Last year, booming West Texas production overwhelmed existing pipelines out of the region, sinking local prices and helping launch nine projects proposing to add 5.4 million barrels per day (bpd) through the first half of 2021. On Monday, Magellan Midstream Partners LP cut its capital spending outlook by $450 million over two [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 Mar. 26 Production Analyst Brunel Calgary Mar. 25 Senior Advisor, Investor Relations AltaGas Calgary Mar. 25 Plant Operator ARC Resources Ante Creek Mar. [Read more]
Imperial Oil resumes shipping crude by rail
Canadian crude producer Imperial Oil has recently resumed shipping crude oil by rail from its terminal in Edmonton, Alberta, because of a marginal improvement in rail economics, a company spokesman said on Tuesday. The pickup in volumes is good news for the Alberta government, which is relying on rail to help draw down crude storage inventories in Canada's main oil-producing province. "We have started a small amount of shipments that are economic under current conditions," Imperial [Read more]
Exploration Opportunity: ExxonMobil Canada – South Grant Lands, Alberta
Overview: ExxonMobil Canada Resources Company (“ExxonMobil Canada”) holds approximately 850,000 acres of mineral fee title lands in southern Alberta, Canada (the “South Grant Lands” or “SGL”), 75%+ of which is now available for third party leasing opportunities. ExxonMobil Canada is accepting offers to lease, subject to the lease terms noted below, for all unleased lands in the SGL. Acceptable Lease Terms: Competitive commercial terms expected. Primary term between 2-3 years with [Read more]
Hemisphere Energy Doubles PDP Reserve Value to $68 Million (Discounted at 10%), and Increases 2P Reserve Value by 71% to $198 Million (Discounted at 10%)
TSX-V: HME VANCOUVER, March 26, 2019 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to announce highlights from its independent reserves evaluation effective as at December 31, 2018 prepared by McDaniel & Associates Consultants Ltd. ("McDaniel"). During 2018 Hemisphere incurred capital expenditures of approximately $15.5 million, which included capital to drill 11 producing wells, three injector wells, and expand both batteries in the [Read more]