Have you heard some of the good stuff that’s happening in the world of drilling in the WCSB? Likely not. Many of us in the industry scan headlines and keep up as best we can, relying on word of mouth or glances at elevator news screens to give us the news. But while much of the broader media coverage focuses on the many challenges our industry is facing, sometimes it’s good to remember that there are some real successes happening across the WCSB. About every six months, XI Technologies delves [Read more]
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Visit the GPS Team Thurs, Oct 25 for Super Early Bird Conference Pass Pricing
Alberta minister Shannon Phillips says bill C-69 inadequate in current form
OTTAWA - Alberta's energy minister urged senators Wednesday to amend federal legislation that would overhaul energy project reviews. Environment Minister Shannon Phillips tried to make Alberta's case to the Senate that Bill C-69 can't be passed in its current form. After meeting with nearly 50 senators Phillips told reporters it's "fair to say" the bill will not pass unless changes are made. "Senate caucus groups, they are getting an earful from Albertans and Canadians, and they're in a [Read more]
TransGlobe Energy Corporation Announces an Operations Update
CALGARY, Alberta, Oct. 24, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces an operations update. All dollar values are expressed in US dollars unless otherwise stated. Updates Corporate production during the third quarter averaged ~ 14.3 MBoepd and is averaging ~ 14.7 MBoepd to date in October Drilled two successful oil wells in M Pool in West Bakr, currently producing ~800 Bopd per well. Cased NWG 38A7 as a potential injector/oil [Read more]
Marquee Energy Ltd. announces the closing of the previously announced non-core asset sale
CALGARY, Oct. 23, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") is pleased to announce that it has completed the previously announced disposition of its non-core asset for total cash consideration of $6.575 million, prior to closing adjustments (the "Transaction"). The proceeds from the sale of the assets will be used to reduce the Company's current debt and improve financial flexibility. GMP FirstEnergy acted as a financial advisor to Marquee with respect to the [Read more]
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 Oct. 23 COILED TUBING SUPERVISOR - (MHT) Trican Well Service Ltd. Medicine Hat Oct. 23 COILED TUBING OPERATOR - (MHT) Trican Well Service Ltd. Medicine [Read more]
Lamond: Low Canadian oil prices call for an old remedy – prorationing
Canadian oil prices, especially heavy crude prices, have been enormously low over the past year due to the lack of take-away capacity. The press is full of accounts of Alberta and its oil producers losing up to 100 million dollars per day due to high differentials and discounted oil prices. This situation is likely to continue for the next two to three years and lead to enormous losses for Canadian producers and the Alberta government. This is particularly significant as Alberta holds royalty [Read more]
Woodfibre LNG project set to go ahead in early 2019
A small liquefied natural gas project north of Vancouver is poised to move to construction in the first quarter of 2019, adding momentum to Canada's efforts to become a significant exporter of the supercooled fuel. The $1.6 billion Woodfibre LNG project, backed by Indonesian billionaire Sukanto Tanoto's RGE Group, would be Canada's second LNG project to go ahead, following the approval of the massive LNG Canada project earlier this month. "We're hoping to move to a notice to proceed to [Read more]
Natural gas in B.C. limited through the winter after pipeline blast: FortisBC
SURREY, B.C. - A British Columbia natural gas supplier is warning its one million customers to expect reduced supplies and "challenges in times of high demand" as winter looms. FortisBC says in a statement that the Oct. 9 rupture and explosion of the Enbridge natural gas pipeline northeast of Prince George will mean a reduced supply for months. Although Enbridge says it expects to have the ruptured pipeline in service by mid-November, it also advises that the pressure in that [Read more]
Trudeau vows to impose carbon tax despite resistance
Prime Minister Justin Trudeau on Tuesday said he would press ahead with plans to impose a carbon tax on provinces unwilling to combat climate change despite resistance in voter-rich parts of the country. Starting in April 2019 carbon pollution will initially cost $20 a tonne, rising by $10 a year until it reaches $50 in 2022. Trudeau, whose ruling Liberals face an election in October 2019, told a news conference that all the money collected would be returned directly to taxpayers in the [Read more]