WASHINGTON (Reuters) - Natural gas production from U.S. shale fields can keep growing for decades, giving Washington a powerful diplomatic tool to counter the geopolitical influence of other energy exporters such as Russia, industry executives and government officials said at a conference here. Already the world’s largest gas producer, the United States can expand shale gas output another 60 percent in the coming decades, according to at least one estimate. So far, liquefied natural gas (LNG) [Read more]
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Federal carbon tax could pose costly drain on Saskatchewan economy: study
REGINA - A study by the University of Regina says the federal carbon tax could potentially reduce Saskatchewan's gross domestic product by almost $16 billion between 2019 and the end of 2030. The study says even the most conservative scenario shows a carbon tax of $50 per tonne would reduce provincial GDP by 2.43 per cent, or $1.8 billion annually. The study was done by the university's Institute for Energy, Environment and Sustainable Communities in conjunction with the provincial [Read more]
Carr: Canada cannot start work on Trans Mountain pipeline until deal closes
WASHINGTON (Reuters) - The Canadian government would like to see construction accelerate on the Trans Mountain pipeline expansion, but has no control over decisions to resume or start new work until it takes ownership of the major crude oil pipeline project, Canada’s natural resources minister said. “We think that construction and staying on a schedule is important, but that will be up to Kinder Morgan as long as they are the owner of the pipeline,” Jim Carr said in an interview in [Read more]
Ontario Oil and Gas Production for Sale
A mid-sized producer is offering all of its Ontario oil and gas production for sale. The offering consists of PNG rights, wells and associated facilities located in Southwestern Ontario. 140 boe/d (36% light oil) Operated High working interest (~97%) Low decline Superior commodity pricing relative to Western Canada [Read more]
Sour odours making sour neighbours?
Storing the fluid in tanks that can handle 14.9 PSI allows all the vapours to be pushed to a flare stack without worrying about popping a thief hatch. Having a few PSI instead of a few ounces of pressure can be a huge help in controlling fugitive emissions. OSY sells, rents and offers rent to own options on all of our equipment. Tanks range from 400 to 850 BBLs. Click here to learn more Please contact Dallas or Greg with any questions. Dallas [Read more]
Minnesota regulators question demand for expanded Enbridge oil pipeline
Commissioners on a Minnesota regulatory board questioned crude oil demand for Enbridge Inc's Line 3 pipeline on Tuesday, ahead of an expected decision this week on whether work can proceed on a proposed expansion. Enbridge wants to replace the aging 1,660-km pipeline that runs from Alberta in Canada to Wisconsin, but it needs approval from the five-member Minnesota Public Utilities Commission, which must decide whether the project is needed, and the route. Bottlenecks in Alberta have [Read more]
Blackbird Energy Inc. Announces Third Quarter 2018 Record Financial and Operating Results
CALGARY, Alberta, June 26, 2018 (GLOBE NEWSWIRE) -- (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce record financial and operational results for the quarter ended April 30, 2018. Blackbird’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis for the quarter ended April 30, 2018 are available on SEDAR at www.sedar.com and are also posted on Blackbird’s website at www.blackbirdenergyinc.com. “This [Read more]
Canada dreams of oil exports to Asia, but California beckons
VANCOUVER/WINNIPEG, Manitoba (Reuters) - The nationalization of a crude oil export pipeline in western Canada has buoyed long-standing hopes for crude exports to markets beyond the United States - but the most likely destination for much of that oil is California. Faced with declining production from Latin America and rising prices for higher-grade crudes from the Middle East, the Golden State is importing more oil from Canada - much of it via the Trans Mountain pipeline, which Kinder Morgan [Read more]
Cequence Energy Ltd. Announces Operations Update
CALGARY, June 26, 2018 /CNW/ - Cequence Energy Ltd. (TSX: CQE) ("Cequence" or the "Company") is pleased to provide an update on its recent operational activities. Cequence continues to see strong production from its Dunvegan oil play including the 3 gross (2 net) wells that came on production in April. For the month of May, the 3 gross wells averaged a combined 601 bbl per operating day per well with all three wells above the Company's internal model of 300 bbls oil per day per well. Total [Read more]
Pengrowth Provides Framework for Multi-Year Development Plan
CALGARY, Alberta, June 26, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (OTCQX:PGHEF), today announced an update to its operational and development plans. Development Plan Highlights: Lindbergh - Thermal Oil Current production at Lindbergh has exceeded 17,500 barrels (bbl) per day representing growth of approximately 3,500 bbl per day from the beginning of 2018 and is on track to achieve 18,000 bbl per day exit guidance by the end of the year with the tie-in of eight [Read more]