(Reuters) - U.S. crude stocks rose last week even though refineries hiked output, which also boosted gasoline and distillate inventories, the Energy Information Administration said on Wednesday. Refinery crude runs rose by 784,000 barrels per day, EIA data showed. Refinery utilization rates rose by 4.4 percentage points. That boosted inventories of gasoline and diesel fuel heading into the less busy season, feeding concerns about supply. Oil production appeared to reach a new U.S. record, [Read more]
Headlines
Premier Scott Moe says Saskatchewan will not ban B.C. wines in pipeline dispute
REGINA - Saskatchewan says it will not be joining Alberta in banning the import of British Columbia wines. Alberta Premier Rachel Notley announced the ban on Tuesday as the next step in an ongoing dispute with B.C. over the Trans Mountain pipeline expansion. In a statement on Facebook, Saskatchewan Premier Scott Moe says that while his province supports Alberta in its fight, he doesn't think the dispute will be solved by trade measures that have an impact on consumers and private [Read more]
Manitoba premier calls for ‘de- escalation’ in Alberta-B.C. pipeline dispute
WINNIPEG - Manitoba Premier Brian Pallister says increasing regional tensions and economic uncertainty over the future of the Trans Mountain pipeline project should be defused as quickly as possible. Pallister's comment comes one day after the Alberta government announced it's banning wine from British Columbia because of B.C.'s plans to limit how much diluted bitumen can be shipped from its coast. Pallister says in a statement that he has promoted open trade among the provinces [Read more]
Column: Trudeau may want to gender neutralize his own back yard.
Most of us have already heard clips of Prime Minister Trudeau chiding a woman asking a question at a town hall meeting last week and asking her to use the term “peoplekind” rather than the terribly offensive and non-inclusive term “mankind." If you haven’t heard it yet, the short video clip below covers it. It is not terribly surprising to see Trudeau awkwardly trying to pander to extreme feminists who feel that every possible word that is traditionally gender associated is inherently [Read more]
Trudeau says he is talking to premiers about Trans Mountain pipeline battle
OTTAWA - Just because Prime Minister Justin Trudeau is refusing to wade publicly into the emerging pipeline-induced trade war between British Columbia and Alberta, that doesn't mean things aren't happening out of the public eye, his environment minister suggested Wednesday. Speaking in French after the weekly government caucus meeting, Catherine McKenna said things sometimes happen behind closed doors and that solutions are often more easily found without drama. Maybe so — but [Read more]
Cenovus Energy Inc. – Non Core Light Oil & Oil Sands Properties Divestiture
Cenovus Energy Inc. (“Cenovus” or the “Company”) has engaged Sayer Energy Advisors to assist with the sale of the Company’s light oil properties located in the Puskwa and Simonette areas of Alberta, as well as its oil sands properties located in the Panny, Godin, Peace River, Portage/Duncan and Craigend areas of Alberta (the “Properties”). Light Oil Properties At Puskwa, Cenovus holds a 100% working interest in 25,728 ha of mainly contiguous land offsetting recent Montney drilling activity [Read more]
Perpetual Announces 2017 Exit Rate Growth of 54% and Provides Operations Update, Reports Year-End Reserves Replacing 248% of Production and Revises 2018 Capital Plan and Outlook
CALGARY, Feb. 7, 2018 /CNW/ - (TSX:PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce its year-end 2017 production exit rate (average for the month of December) of 12,300 boe/d, attaining year-over-year exit rate growth of 54%. The Company invested $19.0 million in exploration and development activities during the fourth quarter of 2017 and grew production 14% quarter-over-quarter. Production and operating costs continued the positive trend established through [Read more]
GuildOne welcomes MIT Chancellor for Academic Advancement, Eric Grimson, to its Advisory Board
CALGARY, Alberta, Feb. 7, 2018 (GLOBE NEWSWIRE) -- GuildOne Inc. (“GuildOne” or the “Company”), announced today the appointment of the Massachusetts Institute of Technology (MIT) Chancellor for Academic Advancement and Professor, Eric Grimson, to the Company’s advisory board. Internationally recognized in the artificial intelligence community for his pioneering work on computer vision and machine learning, the Saskatchewan native has had a long and distinguished career in research and education [Read more]
The Alberta Energy Regulator responds to changes in the oil and gas industry
Part of the AER’s new focus is to move to risk informed decisions and informed conversations – rather than prescribed interactions. This involves exploring different ways to approach services, moving away from prescriptions towards delivering outcomes using a collaborative approach and leveraging technological innovations. The broad journey the AER is on is to focus on the objectives that a company may want to achieve or need to achieve and make risk informed decisions that allow [Read more]
Baker Hughes, a GE company Announces January 2018 Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for January 2018 was 960, up 6 from the 954 counted in December 2017, and up 27 from the 933 counted in January 2017. The international offshore rig count for January 2018 was 196, up 5 from the 191 counted in December 2017, and down 10 from the 206 counted in January 2017. The average US rig count for January 2018 was 937, up 7 from the 930 counted in [Read more]