TransCanada Corp should push ahead with an $8 billion Keystone XL pipeline expansion after the state of Nebraska on Monday approved a route that would raise the cost of the controversial project, some shareholders said. The approval quashed the last regulatory hurdle for the nearly decade-old project, but the Nebraska Public Service Commission denied TransCanada's preferred route. That opened the door to potential delays and emboldened activists who said they would try to kill the project [Read more]
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Drilling contractors association forecasts ‘muted stability’ in 2018
CALGARY - The association that represents Canadian oil and gas drilling companies says it expects "muted stability" for the industry in 2018 despite recent strengthening in oil prices. The Canadian Association of Oilwell Drilling Contractors is calling for 6,138 wells to be drilled in its 2018 forecast, an increase of just 107 from the number expected to be drilled this year. It says the Canadian rig fleet is expected to shrink by 19 to a total of 615 next year as drilling [Read more]
Oil steadies as caution sets in ahead of OPEC meeting
LONDON (Reuters) - Oil rose on Tuesday, supported by expectations of an extension next week to OPEC output cuts, but prices remained under pressure from signs of higher output in the United States. Brent crude oil was up 17 cents at $62.39 a barrel at 1452 GMT. U.S. light crude was at $56.72, up 30 cents. Analysts said Brent was expected to fluctuate in a narrow range, from $61 to $63, as the market awaited the outcome of the Organization of the Petroleum Exporting Countries’ meeting on [Read more]
Take a look at the Fall/Winter CAPL Course Calendar
Here is the upcoming list of courses for members of CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Nov 21 2017 Advanced Surface Rights (PSL®) Surface and Mineral open Nov 22,23 2017 Evaluation of Canadian Oil and Gas Properties for Landmen (2 Day) Technical Skills open Nov 28 2017 Acquisitions and Title Review: A Practical Guide Acquisitions and Divestments open Nov 29,30 2017 Drilling and [Read more]
Marquee Energy Ltd. Announces Third Quarter 2017 Financial and Operating Results and Provides Operational and Corporate Update
CALGARY, Nov. 20, 2017 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") announces its third quarter operational and financial results for the three and nine months ended September 30, 2017. The Company's financial statements and Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2017 are available on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Marquee's website at [Read more]
TransCanada starts excavation work after South Dakota pipeline leak
Canada Corp has started initial excavation work at the site of an oil spill on its Keystone pipeline in South Dakota but has not yet pinpointed where the leak came from, a state official said on Monday. The 590,000 barrel per day Keystone pipeline, which links Alberta's oil sands to U.S. refineries, was shut down on Thursday after a 5,000 barrel spill. Calgary-based TransCanada is working through the clean-up process, said Brian Walsh, environmental scientist manager for the South Dakota [Read more]
U.S. State Dept. studying Keystone XL route for ‘permitting impacts’ -official
The U.S. State Department is looking into whether Nebraska's approval of an "alternative" route for TransCanada Corp's Keystone XL pipeline through the state will require additional federal permitting, a spokesperson said. "We have heard about a possible modified route, and we are in the process of gaining more precise information in order to determine if there will be any permitting impacts as a result of those changes," the spokesperson said, asking not to be named. (Reporting by Valerie [Read more]
Two Alberta oil sands upgraders warn customers of volume cuts -sources
Two oil sands upgraders in Alberta have warned customers about cuts to synthetic crude output in November because of upsets at the plants, market sources said on Monday. Shell Canada, a unit of Royal Dutch Shell , has told customers synthetic crude volumes from its 255,000-barrel-per-day Scotford, Alberta, upgrader may be reduced in November and potentially December, trading sources said on Monday. Shell told customers it took units at Scotford offline on Wednesday because of a valve leak [Read more]
How electric vehicles and renewable generation will affect oil and gas demand
We hear a lot about upcoming disruptive green technologies, that are poised to end the era of hydrocarbon energy in the economy. Let’s have a look at the numbers, to see how these new technologies will impact future requirements for oil and natural gas. In the transportation sector, oil is the dominant fuel by far, with light vehicles (cars, SUVs and light trucks) using about 60 percent of all oil consumed worldwide, mostly in the form of gasoline refined from crude oil. The light vehicle [Read more]
‘We are very pleased:’ Notley says Nebraska’s Keystone OK means energy security
TORONTO - Alberta Premier Rachel Notley says Nebraska's decision to allow TransCanada's Keystone XL pipeline to run through that state brings North America closer to greater energy security. Nebraska's Public Service Commission on Monday approved the pipeline's passage in a 3-2 vote, although not along the preferred route for the $10-billion project. The panel ruled the new pipeline should be nearer to TransCanada's (TSX:TRP) existing pipeline in Nebraska to maximize monitoring [Read more]