CALGARY - A study by a sustainable energy research group predicts the federal government's purchase of the Trans Mountain pipeline will add significantly to the deficit next year. The study released Tuesday by the Institute for Energy Economics and Financial Analysis said buying the Kinder Morgan Canada assets, plus planning and construction costs, will put $6.5 billion in unplanned spending on the books for the 2018-19 fiscal year. Study authors Tom Sanzillo and Kathy Hipple said that [Read more]
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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 Jun. 26 FINANCIAL REPORTING ANALYST - (CAT) Trican Well Service Ltd. Calgary Jun. 25 Business Systems Analyst ARC Resources Calgary Jun. 24 Mechanical [Read more]
Suncor says no change to Syncrude oil sands facility restart timeline
Production at Syncrude Canada's oil sands facility near Fort McMurray, Alberta is likely to remain offline at least through July, a Suncor Energy Inc spokeswoman reaffirmed on Tuesday. The facility, which can produce up to 360,000 barrels per day, was hit by a power outage, sending the front-month U.S.crude spread surging to the widest in nearly four years. Traders expect the Syncrude outage to tighten Canadian supplies and reduce crude flows to Cushing, Oklahoma, the delivery point of the [Read more]
U.S. seeks to export its ‘energy miracle’ even as trade tensions mount
WASHINGTON (Reuters) - The administration of President Donald Trump wants to help allies and trade partners replicate the U.S. natural gas and oil production boom by exporting American know-how, U.S. Energy Secretary Rick Perry said on Tuesday, even as trade disputes intensified. “We are bearing witness to this astonishing energy miracle,” Perry said at the opening ceremony of the triennial World Gas Conference, referring to a surge in U.S. fossil fuels production over the past several years [Read more]
Nexen Energy ULC: Non-Core Property Divestiture
Nexen Energy ULC (“Nexen” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of certain of its non-core properties in various areas of Alberta, Saskatchewan and the Northwest Territories, Canada (the “Properties”). Included in this offering is Nexen’s Crossfield area asset. The Crossfield property is characterized by long-life assets with shallow decline rates, a material land position with significant upside for Coalbed Methane (“CBM”) development as well as [Read more]
Coleman area divestment initiative – who else can use this equipment?
IronHub Inc. is currently facilitating a highly motivated divestment initiative in South Western Alberta. Over 80 items located on 13 locations throughout the Coleman region. Highlighted inventory includes: Twin (2) 1475 hp Waukesha L-7042GL Gemini E604-2 Reciprocating Compressors Twin (2) 60" 1440psi Sour Inlet Separators Sour Water Injection Pump Skid Two (2) 6’ x 10’ Flare Knock Out Drums (50 PSI) Multiple Flare Stacks - various sizes And much more... To view the [Read more]
Here comes the judge, with a BS detector – US climate change lawsuit case full of surprises, accountability
I’m not sure how much people read anymore; I hear it’s going out of style and am told that 280 characters now tests the limits of our attention span (the new-ish Twitter limit, FYI, if you’re, like, a caveman). I hope the reading habit isn’t dying off for several reasons; one, because I’m writing a book; and two, that sometimes the world requires a bit more mental processing power than is on display in Twitter or Instagram to get either ahead, or out, of a quagmire. It is not an [Read more]
Not sure how to prepare for Saskatchewan flowline licensing? Here’s how you can get started.
In 2019, Saskatchewan will begin its process of licensing flowlines. While details are still being finalized through consultations with industry, we know there will be a retroactive licensing component that will require companies to submit details of their existing flowlines. The process of validating and submitting this information will be a major initiative for most operators. That’s why GDM Pipelines will be there with you every step of the way to make the submission process as seamless as [Read more]
Canada crude outage to tighten supplies, reduce oil flow to Cushing
A production problem at one of Canada's largest oil sands facilities drove front-month U.S. crude futures to their steepest premium above second-month futures since 2014 on Monday. Canada is the world's fourth-largest oil producer and could lose as much as 10 percent of its supply in July after a power outage last week shut the Syncrude facility in Alberta, which can produce up to 360,000 barrels per day. The outage will tighten Canadian supplies and reduce the crude flow to Cushing, [Read more]
Oil producer deal may be short of what’s needed: U.S. energy secretary
WASHINGTON (Reuters) - U.S. Energy Secretary Rick Perry said on Monday a deal between global oil producers to boost crude output reached last week may not be enough to relieve global oil markets that are stressed by supply constraints. The Organization of the Petroleum Exporting Countries and non-OPEC countries reached an agreement on Saturday to moderately boost production after consuming countries including the United States had urged them to produce more. Saudi Arabia said the agreement [Read more]