HOUSTON, B.C. - Dozens of rallies are planned in British Columbia, across Canada and as far away as Europe to support pipeline protesters arrested in northwestern B.C. Fourteen people were taken into custody Monday at a blockade southwest of Houston, B.C., where members of the Gidimt'en clan of the Wet'suwet'en First Nation had set up a camp to control access to a pipeline project across their territory. An RCMP statement says the arrests came after officers realized a resolution was [Read more]
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Deloitte: Canadian Oil Prices Expected to Improve in 2019
Rise expected due to higher demand, more export capacity and mandatory production cuts CALGARY, Jan. 8, 2019 /CNW/ - Prices for Canadian heavy and light oil should improve somewhat in 2019 because of increased demand from refineries in the United States, improving transportation capacity and mandatory productions cuts in Alberta, according to Deloitte's Resource Evaluation and Advisory (REA) group. In its latest report, Deloitte says these factors should begin to reduce the current oversupply [Read more]
Receivership Sale: Lexin Group – Fee Simple Lands and Seismic Data
Sayer Energy Advisors has been engaged to assist Grant Thornton Limited, in its capacity as court-appointed receiver (the “Receiver”) of Lexin Resources Ltd., 0989 Resource Partnership, 1051393 BC Ltd., LR Processing Ltd. and the LR Processing Partnership (collectively the “Lexin Group” or “Lexin”) with the sale of fee simple lands (the “Fee Simple Lands”) and seismic data (the “Seismic”) owned by the Lexin Group Fee Simple Lands: The Fee Simple Lands are located in southern Alberta, primarily [Read more]
Baker Hughes, a GE company Announces December 2018 Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for December 2018 was 1,025, up 34 from the 991 counted in November 2018, and up 71 from the 954 counted in December 2017. The international offshore rig count for December 2018 was 234, up 28 from the 206 counted in November 2018, and up 43 from the 191 counted in December 2017. The average U.S. rig count for December 2018 was 1,078, up 1 from the 1,077 [Read more]
Critical Control Energy Services is hosting an exclusive Flow and Corrosion Modeling training session with Bich Nguyen
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]
Amherst Seeking Joint Venture Partner
Amherst Energy Inc. is seeking a joint venture partner to participate in a low-risk, multi-well, horizontal heavy oil drilling program. The first two wells will be located in the Lloydminster area adjacent to existing production. The company has surveyed the locations and is preparing to submit the well licence applications, following which it will commence building the surface leases. For further details, please contact Wayne Radcliffe at wradcliffe@amherstenergy.ca or 403-680-4253. [Read more]
RCMP arrest 14 people in northern B.C. over anti-LNG pipeline protest
HOUSTON, B.C. - RCMP say they arrested 14 people from a blockade to a forest service road in northern British Columbia that is preventing access to a pipeline project. Mounties say the arrests took place at the Gitdumt'en checkpoint on Morice West Forest Service Road for various offences, including alleged violations of an injunction order against the blockade. They allege officers saw a number of fires being lit along the roadway. Members of the Gidimt'en clan of the Wet'suwet'en First [Read more]
Yangarra Provides Operations Update and 2019 Guidance
CALGARY, Jan. 7, 2019 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) provides an operations update and outlines 2019 guidance. Operations Update Production for 2018 averaged approximately 9,400 boe/d which is a 64% increase on a production per share basis when compared to 2017, with fourth quarter 2018 production estimated at 12,200 boe/d. The Company drilled 36 horizontal (HZ) Cardium wells during 2018. Due to wide Edmonton par differentials in the fourth [Read more]
Heavy crude discount smallest since 2017 as cuts cause confusion
The Canadian heavy oil differential moved against the West Texas Intermediate (WTI) benchmark on Monday to its narrowest level in more than a year, as traders tried to sort out the impact of the Alberta government's mandated production cuts: Western Canada Select (WCS) heavy blend crude for February delivery in Hardisty, Alberta, traded on Monday afternoon for a differential as little as $9.75 a barrel below WTI crude futures, compared with Friday's settle at $11.25 below WTI, according to [Read more]
Corporate Divestiture: Corse Energy Corp.
Sayer Energy Advisors has been engaged to assist Corse Energy Corp. (“Corse” or the “Company”) with a corporate sales process. The Company provides an attractive acquisition opportunity with a focused asset base of existing low-decline, shallow natural gas and CBM production. Corse currently has a high LLR rating, no debt and over $800,000 in cash. The Company’s operations are focused in the Huxley area of Alberta (the “Property”). The Property consists mainly of operated production and [Read more]