NEW YORK, Feb 6 (Reuters) - U.S. oil production is expected to surpass 11 million barrels per day in late 2018, a year earlier than projected last month, the U.S. Energy Information Administration said on Tuesday. Domestic crude oil production in 2018 is also expected to rise by more than previously projected, the agency said in its monthly short-term energy outlook. U.S. production has risen steadily in recent months and is expected to average 10.24 million bpd during the first quarter of [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 Feb. 5 Dyke Construction Technologist Canadian Natural Resources Fort McMurray Feb. 5 Performance Monitoring Technologist Canadian Natural Resources Fort [Read more]
NOV Completion Tool Bulldog Annular Frac System Success
National Oilwell Varco, Inc. (NOV) is pleased to announce the successful completion of four Bulldog™ annular frac system installations in Western Canada. -The Bulldog systems were deployed into the Viking formation in early January 2018, with fracture operations commencing on January 26 and ending on January 28. The Bulldog systems performed as designed, providing access to the formation to successfully treat 80 zones at fluid pump rates up to 4 m3/min and sand concentrations of up to 1000 [Read more]
Energy stocks have room to build on solid start
NEW YORK, Feb 5 (Reuters) - Energy stocks have got off to a strong start this year and look poised to run further, fueled in part by a rebound in oil prices, climbing U.S. production and investors looking to take advantage of shares that could be a bargain after a disappointing 2017. The S&P 500 energy index fell 3.8 percent in 2017, one of only two of its 11 major sectors to close out the year in negative territory, even as the overall S&P 500 rallied nearly 20 percent. Those declines [Read more]
Next-wave LNG terminals get smaller to offer flexible supply deals
The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking. The booming sector's next-generation infrastructure is being designed for a emerging-market buyers that want smaller volumes on shorter, more flexible contracts. LNG export terminals, where the gas is liquefied and put on vessels for shipping, have traditionally been massive, custom-built facilities that cost tens of billions of dollars. And so to justify the investment, [Read more]
Ontario greenhouse gas progress report: Selective observations from math deniers turn useful information into propaganda
An excellent article was recently posted on Huffington Post by an attendee of the Trans Mountain pipeline hearings in BC. The writer lamented the fact that despite being honest and heartfelt, most interveners really had no clue what they were talking about. Many were sincere nature lovers, or worried about a stand of trees near their house, or ideologically suspicious of the sincerity of profit seeking enterprises…but it was obvious that most had not even read the NEB submission and thus did not [Read more]
Crude Observations: Dear Premier Horgan,
Last week’s ranty diatribe about the Canadian energy sector sure seemed to strike a nerve with a number of readers, as it certainly appears that there are many people who, like me, are completely frustrated with the state of the industry and the attitude of various levels of government towards it. This frustration reached an almost fever pitch this week as the BC provincial government announced on Tuesday that it would appoint a special council to study and comment on diluted bitumen and what [Read more]
PNG Exchange New Property Listing
Intermediate E&P – East Shale Basin Duvernay The Offering includes the properties of Three Hills and Mikwan within the boundaries of Township 029-038, Range 21-24 W4. Includes 17.5 gross sections of Duvernay rights in the Mikwan property and 29.5 gross sections in the Three Hills property. With a material resource size estimated at 10mmbbl/section, the offering has a total estimated resource of oil in place of over 400mmbl. Non-binding proposals due February 14, 2018. Visit [Read more]
Amid unrest, Canada plans to overhaul energy project assessments
The Canadian government, which faces growing protests against major energy projects, this week will present plans to improve the way oil pipelines and mines are assessed, two well-placed sources said. Three entities share responsibility for probing the environmental impact of proposed projects, a system the ruling Liberals say the public does not trust. Ottawa is due to unveil draft legislation creating a single body to look into projects on federally regulated land, said the sources, who [Read more]
Proposed pipeline regulations shouldn’t start a ‘trade war:’ B.C. premier
VANCOUVER - British Columbia's premier says his government is trying to protect the province, not be provocative, over a proposed ban on an increase of diluted bitumen shipped from the west coast. John Horgan said Friday that his government's announcement earlier this week is cautionary and designed to make sure B.C. doesn't suffer in the event of a catastrophic spill. "I did not set out to be provocative," he said at a news conference. "In fact, I would suggest that a press [Read more]