The Canadian Energy Pipeline Association (CEPA) is pleased that the Trans Mountain Expansion Project (TMEP) will be constructed. Through its completion, TMEP will create thousands of jobs and deliver economic benefits across the entire country. Canada will continue to need major pipeline projects to deliver responsibly-produced Canadian energy to markets around the world while ensuring a fair price for our resources. CEPA is deeply concerned that the government needed to purchase the project [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 May. 29 APPRENTICE/ JOURNEYMAN HEAVY DUTY MECHANIC - (BRT) Trican Well Service Ltd. Brooks May. 28 Director Enterprise Reporting AltaGas Calgary May. [Read more]
Timeline: Key dates in the history of the Trans Mountain pipeline
VANCOUVER - Here are some key dates in the history of the Trans Mountain pipeline and Kinder Morgan Canada's efforts to expand its capacity: October 1953: The Trans Mountain pipeline begins shipping oil with an initial capacity of 150,000 barrels per day. The project features four pump stations along its 1,150-kilometre route and a marine dock that connects loading facilities on the east side of Edmonton with ocean tankers in Burnaby, B.C. 1957: Pipeline capacity is expanded via the [Read more]
Feds to buy Trans Mountain for $4.5 billion; construction to start this summer
Finance Minister Bill Morneau made the announcement this morning. The plan is to buy the pipeline and pipeline infrastructure assets from Kinder Morgan with cabinet approval already in place and only now subject to a Kinder Morgan shareholder vote. Morneau said the plan is to eventually seek a sale of forthcoming new Crown Corporation to investors. "Interest has already been expressed from investors in Canada including large pension funds," said Morneau. "We plan to exert our jurisdiction [Read more]
Trans Mountain Pipeline System and Expansion Project to Be Sold for C$4.5 Billion
KMI 2018 DCF Guidance Affirmed; Balance Sheet Strengthened HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that the Kinder Morgan Canada Limited (TSX: KML) board of directors has agreed to the purchase of the Trans Mountain Pipeline system and the expansion project (TMEP) by the Government of Canada for C$4.5 billion, and has agreed to work with the Government of Canada to seek a third party buyer for the Trans Mountain Pipeline system and TMEP through July 22, [Read more]
OSY Wants to Help Your 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]
Oil prices tumble as hedge funds quit crude: Kemp
LONDON, May 29 (Reuters) - Hedge fund managers were busy reducing bullish positions in petroleum well before OPEC and its allies indicated in the middle of last week that they would consider relaxing output curbs. Hedge funds and other money managers reduced their net long position in the six major petroleum futures and options contracts in each of the five weeks to May 22 by a total of 108 million barrels. The reduction has been concentrated in crude, where net long positions in Brent and [Read more]
Crescent Point Announces New President and CEO as Part of Transformation Plan
CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) and Mr. Scott Saxberg are pleased to announce that Mr. Craig Bryksa has taken over as interim President and Chief Executive Officer (“CEO”) of Crescent Point. As part of the transition, Mr. Bryksa has also replaced Mr. Saxberg on the Board as a Director of the Company. The Board would like to express its gratitude to [Read more]
Velvet Energy Commences Previously Announced Premium All Cash Offer To Acquire Iron Bridge Resources; Issues Letter To Shareholders
Offers $0.75 in cash per common share, representing an immediate 58% premium to the closing price of the Iron Bridge common shares on the TSX on May 11, 2018Iron Bridge shareholders can tender their shares now by contacting Kingsdale Advisors at 1-866-879-7650 or by e-mail at contactus@kingsdaleadvisors.comOffer remains open until September 12, 2018 at 5:00 p.m. (Toronto time) CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- Velvet Energy Ltd. (“Velvet” or “We” or “Us”) announced today [Read more]
Redwater will affect the way E&P’s estimate and manage Asset Retirement Obligations
The issue of Licensee liability in Alberta’s oil and gas sector has been an evolving one for many years. The Alberta Energy Regulator (AER) introduced changes to the Licensee Liability Rating (LLR) from 2013 through 2015, and then again in 2016. Further changes are expected in 2018, as is the ruling on the Redwater Energy Corp. (Redwater) case which will determine the degree of liability that must be assumed by receivers of defunct companies. No matter which way Canada’s Supreme Court rules, [Read more]