VANCOUVER - British Columbia is poised to announce its plan to fight climate change while it accommodates the carbon polluting liquefied natural gas industry. Premier John Horgan and Green Leader Andrew Weaver are expected to introduce the government's long-term strategy to reduce greenhouse gas emissions through a wide-ranging provincial transition to a low carbon economy. Environment Minister George Heyman, Energy Minister Michelle Mungall, Weaver and Horgan have scheduled a noon news [Read more]
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How one company financed growth in today’s oil patch without debt or equity
For Travis Anderson at All West Crane and Rigging, a BC based company that rents cranes to clients in a wide variety of industries including oil and gas, the timing was right. “The turning point really was when we won some large projects,” he says. “We needed the start up capital which we could only do by factoring our receivables. And being a new growing company, we didn’t have the equity to go to the bank and ask for the funds.” It takes creativity to address the many challenges faced in a [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. 4 ACCOUNT MANAGER/OPERATIONS SPECIALIST, INDUSTRIAL SERVICES - CENTRAL & EASTERN CANADA Trican Well Service Ltd. Hamilton Dec. 1 Plant & Field [Read more]
Two key Canada-to-U.S. oil pipelines hit by disruptions
Two major pipelines bringing oil from Canada to the United States were hit by disruptions on Tuesday, with TransCanada Corp's Keystone line shutting down, while Enbridge Inc's Mainline pipeline was hit with outages and reduced flow rates.TransCanada's 590,000 barrel-per-day crude Keystone pipeline was shut due to a third party utility issue, according to a shipper on the line and traders. There was no estimated restart timeline for the line, one source said, citing a notice to [Read more]
Gibson Energy Announces 2019 Capital Budget
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that its Board of Directors has approved a 2019 growth capital expenditure budget in the range of $200 million to $250 million, with nearly all investment directed towards sanctioned growth projects. Additionally, the Board of Directors has approved the allocation of approximately $30 million to $35 [Read more]
Put oil ‘crisis’ on first ministers’ agenda: Alberta, Saskatchewan premiers
Alberta and Saskatchewan want issues facing the oilpatch to be on the agenda when premiers meet with the prime minister later this week. Alberta Premier Rachel Notley and Saskatchewan Premier Scott Moe have made the request in an open letter to Justin Trudeau. They say the current agenda does not include any discussion of a crisis facing the energy industry. Alberta's oil is currently fetching bargain basement prices thanks to a growing glut and lack of pipeline capacity to get oil to [Read more]
LNG buyers try to ditch U.S. gas commitments
LONDON/SINGAPORE, Dec 4 - Several large liquefied natural gas (LNG) players have tried to offload their obligation to buy future cargoes from the United States, shedding excess commitments made years ago in the rush for new sources and commercial terms for the fuel. The sale of multi-year "strips" of LNG cargoes represent portfolio adjustments by the buyers rather than backlash against U.S. gas, several Asian and Europe-based traders said. But it was a timely reminder that there is only so [Read more]
Enbridge Announces Sale of Enbridge Gas New Brunswick Business
CALGARY, Dec. 4, 2018 /CNW/ - Enbridge Inc. ("Enbridge" or the "Company") (TSX: ENB) (NYSE: ENB) announced today that affiliates of Enbridge have entered into a definitive agreement for the sale of Enbridge Gas New Brunswick Limited Partnership and Enbridge Gas New Brunswick Inc. (together "Enbridge Gas New Brunswick" or the "Franchise") to Liberty Utilities (Canada) LP ("Liberty Utilities"), a wholly owned subsidiary of Algonquin Power and Utilities Corp., for a cash purchase price of CAD $331 [Read more]
Alberta and Saskatchewan Heavy Oil Property Divestiture
Zeal Energy Inc. is seeking a buyer for our Alberta properties. Zeal holds 100% ownership in 48 wells and 2215 Acres of P & NG rights in the Vermillion, Auburndale, Kitscoty and Lloydminster areas Current production from 2 wells is app 50 boe/day 12 wells are fully equipped and can be reactivated with minimum costs and can increase production to 200 – 250 boe/day Asking: $1.00 Drill ready Saskatchewan property Zeal is looking for a buyer for freehold mineral rights for [Read more]
Leading online energy equipment marketplace, Fuelled, announces new mobile app
Fuelled is pleased to announce the release of our new 2.0.6 mobile app. The free app is now available through App Store and Google Play. “As a digital company, Fuelled believes strongly in product and technology development” said Raj Singh, CEO and Founder of Fuelled. “We let the customer experience guide our development decisions and we will continue to invest in, evolve and grow our marketplace and maintain our dominant market position. Our goal was to make the user experience even better [Read more]