Bich has over 30 years of industry experience as a Metallurgical Engineer. During his years of tenure as the Head Corrosion Engineer at Shell Canada, Bich oversaw pipeline and asset integrity at Shell Canada with a focus on pipeline corrosion modeling, mitigating and monitoring. He has led international Pipeline Corrosion Mechanisms, Mitigation and Monitoring Seminars since 1999. Bich has published over 16 papers throughout his accomplished career and was also involved in the refinement of [Read more]
Headlines
Western Canada oil prices remain strong as Alberta production cutbacks kick in
CALGARY - Crude oil prices in Western Canada remained elevated on Wednesday, the day after provincially mandated oil production curtailments came into force, but a government spokesman says it's too early to say how long the program will remain in place. The difference between Western Canadian Select bitumen-blend heavy oil and New York-traded West Texas Intermediate oil prices was about US$12.50 per barrel on Wednesday afternoon, according to Calgary oil brokerage Net Energy, an improvement [Read more]
Syncrude to pay over $2.7M to settle charges in Alberta blue heron deaths
FORT MCMURRAY, Alta. - Syncrude has pleaded guilty and been fined more than $2.7 million in the deaths of 31 great blue herons at one of its oilsands mines north of Fort McMurray. An agreed statement of facts says Syncrude has admitted that an abandoned sump pond in which the birds were found didn't have deterrents to keep waterfowl from landing on it, even though the pond met criteria for being high risk. "For a three-month period between May and August of 2015, the external sump met the [Read more]
Eagle Energy Provides Operational Update and Enters into a Forbearance Agreement
CALGARY, Jan. 2, 2019 /CNW/ - (TSX : EGL): Eagle Energy Inc. ("Eagle") provides an operational update on its North Texas development program and announces that it has entered into a forbearance agreement with its lenders. Operational Update Wayne Wisniewski, President and Chief Executive Officer of Eagle, stated, "We are pleased to report updated production for the Robinson 2H, our most recent North Texas horizontal well. The initial production rate for 30 days ("IP30") for the well was [Read more]
Heavy crude differential narrows as Alberta oil cuts take effect
The Canadian heavy oil differential narrowed against the West Texas Intermediate (WTI) benchmark on Wednesday, as Alberta's mandated oil production cutbacks took effect:* Western Canada Select (WCS) heavy blend crude for February delivery in Hardisty, Alberta, traded on Wednesday afternoon at $12.75 a barrel below WTI crude futures , narrower than Monday's settle at $15.65 below WTI, according to Net Energy Exchange.* Light synthetic crude from the oil sands for February delivery was [Read more]
Paramount Resources Ltd. Announces Renewal of Normal Course Issuer Bid
CALGARY, Jan. 2, 2019 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) announces that its board of directors has approved the implementing of a normal course issuer bid ("NCIB"). A Notice of Intention to make a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange (the "TSX"). Paramount is implementing the NCIB as the Company's directors and management believe that, from time to time, the market price of Paramount's Class A [Read more]
Point Loma Resources Announces Rex Oil Well Completion Update, Listing of Warrants
CALGARY, ALBERTA / ACCESSWIRE / January 2, 2019 / Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce the timing of the listing of warrants issued on October 25, 2018. In addition the Corporation is providing updated operational information. Highlights The Wizard Lake Rex horizontal oil well has been successfully drilled and completed with a 28 stage frac program. An average of 27 tonnes of sand per stage was delivered in the [Read more]
Pulse Oil Corp. Announces Second Well Drilling Operations Completed at Queenstown Light Oil Field
CALGARY, Jan. 2, 2019 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) announces that on December 27th, 2018, drilling of Pulse's second exploration well, PUL HZ QUEENSTN 12-9-19-21 W4 ("12-9"), reached a total measured depth, as planned, of 2957m (TVD 1389m), including 1237m of lateral section within a highly porous Mannville-aged Lithic sandstone channel. The 12-9 well was Pulse's second well successfully targeting a new 3-D seismic interpretation intended [Read more]
XI Technologies: Alberta production curtailment could have unintended negative impacts for smaller producers.
Alberta’s mandatory production curtailment includes an exemption for the first 10,000 barrels of oil produced. This measure was intended to protect some smaller producers, but will it really protect them? Under the terms of the curtailment order, small companies with non-operated production could be vulnerable to the shut-in requirements and decisions of their larger working interest partners. XI’s AssetBook makes it simple and quick to review risk potential for small producers, and equally [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 Dec. 27 May 2019 - Engineering Student Opportunities (Various Locations) TransCanada Calgary Dec. 27 May 2019 - Business/Commerce Student [Read more]