As reported in Reuters, China’s CNPC said that it will build 23 more gas storage facilities and expand 10 existing ones by 2030. The state energy group plans to build six regional gas storage centres across China, where the facilities will be located, in the next 12 years, according to a statement published on the company’s website. The plan was part of China’s efforts to secure supplies of natural gas during peak demand season over winter. Gas producers and local authorities have been [Read more]
Headlines
MEG Energy announces disciplined 2019 capital investment plan, maintains optionality to reach 113,000 bpd in 2020
All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Jan. 22, 2019 /CNW/ - MEG Energy Corp. (TSX:MEG) announced today its 2019 capital investment plan and operational guidance. Highlights include: A base capital budget of $200 million, to be fully funded with expected 2019 adjusted funds flow from operations, designed to sustain production capability at 100,000 barrels per day (bpd) in 2019 and 2020, as well as fund future growth projects beyond 2019; A [Read more]
Upcoming CAPL Courses and Lunch & Learns
Here is the upcoming list of courses offered by CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Mar 12 2019 Acquisitions & Despositions - Technical & Operations *New Course Acquisitions and Divestments open Mar 19 2019 Constructive Conflict Management (PSL®) Negotiations and Business Skills open Mar 26 2019 Professional Ethics: Theory and Application Negotiations and Business [Read more]
GPAC Luncheon – Digital Transformation for Thriving in Challenging Times
Digital Transformation for Thriving in Challenging Times Our industry is undergoing significant change and we must adapt to these changes to survive and thrive. NAL has been working on a digital strategy which is focused on improving performance primarily through increased cash flows both from a lower cost perspective but also from an increased revenue perspective. Keith Steeves is the Chief Financial Officer for NAL and he will share with you who NAL is, what Digital Transformation is to [Read more]
LNG Canada approves $937 million in contracts and subcontracts to First Nations and Canadian businesses
VANCOUVER, Jan. 21, 2019 /CNW/ - Today, LNG Canada announces the value of contracts and subcontracts approved as of December 2018, following the first three months of the construction phase of the large-scale LNG export project near Kitimat, British Columbia. LNG Canada has thus far approved over $937 million (CAD) in contracts and subcontracts with First Nations enterprises and other businesses across Canada. This includes $175 million (CAD) to local First Nations businesses and, [Read more]
TransCanada’s Keystone Pipeline GP Ltd. authorized to begin additional construction activities on its Keystone XL Project in Canada
CALGARY, Jan. 21, 2019 /CNW/ - The National Energy Board (NEB) today approved TransCanada's Keystone Pipeline GP Ltd. (Keystone) request to begin winter clearing work on the North Spread of its Keystone XL Project (Project). Keystone has now satisfied the regulatory requirements for winter 2019 clearing of trees and shrubs along the pipeline route's north section, starting at Hardisty, Alberta, as indicated in the NEB's letter to the company. The NEB's approval applies to the [Read more]
Canadian railways ration space as commodity congestion problems worsen
Canada's two major railways are rationing space on trains traveling to the country's biggest port and recently prioritized some commodities over others to deal with congestion, the latest indication of their struggle to meet demand from new trade deals. That move prompted Canada's transport regulator last week to start an investigation into rail services around Port Metro Vancouver, after shippers complained of "discriminatory treatment of certain commodities" by Canadian National Railway [Read more]
Point Loma Resources Announces Successful New Pool Rex Oil Discovery
CALGARY, Jan. 21, 2019 /CNW/ - Point Loma Resources Ltd. (TSX VENTURE: PLX) (the "Corporation" or "Point Loma") is pleased to announce production test results for the Wizard Lake HZ 16-17-48-27W4 Rex oil pool discovery. Highlights Final pumping rate for the Rex horizontal well over last 24 hours of the test period was 305 barrels per day (bpd) of oil (17 API) and 340 barrels of oil equivalent per day (boe/d) (Figure 1). Point Loma's share of oil production at this rate would increase [Read more]
Corporate/Asset Divestiture: Wolf Coulee Resources Inc.
Sayer Energy Advisors (“Sayer”) has been engaged to assist Wolf Coulee Resources Inc. (“Wolf Coulee” or the “Company”) with the sale of the shares of the Company or any of its assets. The Company’s Board of Directors has determined that concluding a transaction or series of transactions is imperative. Although the sale of the shares is preferred, the Company will entertain offers on any of its assets. The Company has long life reserves (1P RLI >25 years), less than 50 shareholders and no [Read more]
Solutions For The Regions Facilities Design & Engineering Challenges
Regional regulations, gas conservation requirements and extreme temperatures mean Canada’s facilities need to be designed differently – paying more attention to construction numbers and focusing on minute details to stay in compliance with stringent regulations. Next month’s Well Site Facilities Canada Unconventional Shale Congress 2019 will see operators delivering case studies and sharing facilities engineering solutions that accommodate for regional nuances, without increasing capital [Read more]