CALGARY - Alberta NDP Leader Rachel Notley is urging the Senate to toss the federal government's bill to ban tankers off the British Columbia coast "in the garbage." Notley says the proposed law is discriminatory because it wouldn't be able to stop international tanker traffic, but would impede Alberta's efforts to get oil to new markets. She also says it's a double standard given that Ottawa supports the liquefied natural gas industry, tankers on the St. Lawrence Seaway and [Read more]
Headlines
Royalty Divestiture – Caledonian Midstream Corporation
Sayer Energy Advisors has been engaged to assist Caledonian Midstream Corporation (“Caledonian” or the “Company”) with the sale of a royalty interest (the “Royalty”) in the Company’s Quirk Creek, Alberta natural gas property (the “Property”). The Royalty consists of a 5% royalty interest (no deductions) on Caledonian’s mainly 100% working interest in 17,120 acres (26.75 sections) of land at Quirk Creek, on which there are currently 14 producing liquids-rich natural gas wells, two of which [Read more]
Brad Wall: Old election advice still rings true
Canoe Financial is the proud presenting partner for Brad Wall's BOEReport.com column To train his political pugilist for the 1992 US Presidential primary and subsequent election campaigns Democratic strategist and cornerman James Carville famously told his contender from Arkansas: “It’s the economy stupid!” Apparently he wrote it on a note and ensured it was ever present in Bill Clinton’s pocket. His fighter never forgot. Clinton with the help of a Ross Perot-gifted vote split rode the [Read more]
Canadian Discovery Completes 3rd Phase of Montney Hydrodynamics Study
Canadian Discovery Ltd. (CDL) examines the relationships between pressure, temperature and hydrocarbon fluid chemistry in the Montney reservoir. CDL’s established work flow and quality data analysis of these key attributes provides critical insights for existing and future acreage holders. To learn more about CDL’s Montney Hydrodynamics Phase III study, visit canadiandiscovery.com. Canadian Discovery Ltd. 622 – 5 Avenue SW, Calgary AB T 403.269.3644 info@canadiandiscovery.com [Read more]
Doing business after Redwater: A senior leaders’ roundtable on the business implications of abandonment & reclamation liabilities
Energy liability cases like Redwater and Sequoia are changing the way Canadian E&P companies access capital, evaluate deals, and manage asset retirement obligations (ARO). XI Technologies Inc., a leader in data-driven oil and gas business solutions, will host an executive roundtable on April 18, 2019, at Calgary Petroleum Club. XI has assembled an expert panel to discuss the issues and business implications already evident after the Supreme Court’s Redwater ruling, and what we can [Read more]
Do you have operations in the field? Here are five reasons you need a digital system to capture field data
The idea of implementing a new software can be daunting. So daunting, in fact, that companies tend to postpone it so long that it never ends up happening. But here’s a question: What’s worse...having to implement a new process, or having a process that’s obsolete and inefficient? Obsolete processes such as using paper or spreadsheets to capture data in the field could potentially be holding your company back. But if that’s not enough to convince you to ditch the paper and make the leap to a [Read more]
UCP’s Kenney says he’s unafraid to turn off oil taps to B.C. over pipeline
MEDICINE HAT, Alta. - United Conservative Leader Jason Kenney says if he were Alberta's next premier he would bring in a law to turn off the oil taps to British Columbia and wouldn't be afraid to use it. In a speech to supporters in Medicine Hat, Kenney said the NDP brought in legislation after pressure from the UCP but never proclaimed it or used it. Kenney says he would proclaim the law in his first day on the job if his party were to be elected on April 16. He says he would make it [Read more]
PetroLMI report predicts 12,500 direct oil and gas sector job losses this year
CALGARY - A new report says direct employment in Canada's oil and gas sector is expected to fall by more than 12,000 jobs this year. PetroLMI says the workforce is forecast to drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014. It says the oil and gas labour market shrank quickly in 2015 and 2016 following a commodity price collapse and remained relatively flat through 2017 and 2018. In its 2019 labour market update, PetroLMI says about 12,500 [Read more]
Notley says federal approval for Trans Mountain pipeline to come by the end of May
EDMONTON - Alberta NDP Leader Rachel Notley says she expects Ottawa to approve the Trans Mountain pipeline to the west coast by the end of May. Notley says the province is closer than ever to getting the pipeline. She says Alberta needs to stick with a strategy to get shovels in the ground. Notley says a growing majority of Canadians, including British Columbia residents, now support the project because they understand it would support jobs and a strong economy. She says that if her [Read more]
John Robson: Get rid of gas… hey, where’s the gas?
Here come the unicorns. Or so we’d better hope. Because if they don’t hop onto the treadmill and start churning out power things are going to get kind of chilly and hungry. Not to say awkward. Look no further than the absurd statement by B.C. Premier John Horgan that if gas prices didn’t fall soon he would do some unspecified thing to bring “some relief”. According to the Globe & Mail, “Horgan said he can’t explain a 12 cent a litre increase and perhaps the industry should invest more in [Read more]