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Shell says it’ll stay in Canada while other oil majors flee

Shell says it’ll stay in Canada while other oil majors flee

Royal Dutch Shell is reassuring investors, workers, and anyone else who will listen that it’s the international oil major. Consortium announces oil and gas production start at P-68 FPSO located at BM-S-11-A concession in Berbigão, Sururu. Royal Dutch Shell plc announces the commencement of trading in the next tranche of its share buyback programme. Shell’s...

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Exxon’s former CEO says climate change ‘with us forever more’

Exxon’s former CEO says climate change ‘with us forever more’

Current or former leader of one of the world’s largest energy producers to testify under oath about climate change. It’s Continues status as a founding member for an additional five years. United Way of Beaumont and North Jefferson County to receive $200,000. That’s why a New York courtroom was packed on last Wednesday to see...

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Keystone pipeline shut after North Dakota spill

Keystone pipeline shut after North Dakota spill

The Keystone crude pipeline was shut on last Wednesday after leaking thousands of barrels of crude in North Dakota. The order by Donald Trump does not guarantee TransCanada will actually get Keystone XL built. The company expects to eventually rally enough commercial support. The third spill along the pipeline’s route in less than three years....

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Alberta’s oil limits finally seem to be working

Alberta’s oil limits finally seem to be working

Alberta’s oil production curbs finally appear to be draining inventories, at least for now. The Alberta government’s move to cut corporate taxes from 12 to eight per cent. Alberta premier Jason Kenney offered his thoughts on the differing views between him and B.C. premier. Canada’s largest oil producers are calling on the Alberta government to...

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Schlumberger introduces the GAIA digital exploration platform

Schlumberger introduces the GAIA digital exploration platform

Schlumberger has introduced the GAIA* digital exploration platform at the 81st EAGE Conference & Exhibition. Schlumberger Ltd. said parts of its international business are finally starting to recover. It’s been a tough few years for Schlumberger Ltd. and Halliburton Co. The automation are teaming up to create a fully integrated digital oilfield automation solutions. The...

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Vermilion, Aspect and EPH submitted bids for oil and gas acreage in Ukraine

Vermilion, Aspect and EPH submitted bids for oil and gas acreage in Ukraine

The nine blocks that were received 22 bids from 13 companies. Vermilion Family & Community Support Services (FCSS) celebrated an important milestone last week. The contest is broken down into three categories: yard-scapes, business, and edible garden. Voters in the Vermilion-Lloydminster-Wainwright riding went to the polls on April 16. In the Vermilion-Lloydminster-Wainwright riding there are...

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NEB rules Trans Mountain expansion project should be approved

NEB rules Trans Mountain expansion project should be approved

Canada’s NEB announced its recommendation that the Trans Mountain pipeline expansion project is in the Canadian public interest. The National Energy Board (NEB) is seeking feedback on Draft Pipeline Financial Requirements Guidelines (Draft Guidelines). The National Energy Board (NEB) approved TransCanada’s Keystone Pipeline GP Ltd. The decision enables the company to continue its ongoing work...

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Suncor sees Alberta oil cuts ending early as prices over-correct

Suncor sees Alberta oil cuts ending early as prices over-correct

Suncor Energy expects the province of Alberta to end mandatory production curtailments ahead of schedule as they have caused a price boost that makes rail shipments uneconomic. Suncor confirms it is assessing the impact of the Government of Alberta’s announcement to curtail oil production in 2019. Alberta’s curtailment program intended to clear space on the province’s limited...

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U.S. challenges court ruling that blocked Keystone XL Pipeline

U.S. challenges court ruling that blocked Keystone XL Pipeline

The U.S Court has declined to a case in which landowners argued that their property was illegally taken through eminent domain laws for the Mountain Valley Pipeline. A federal judge temporarily blocked construction of the controversial Keystone XL pipeline. The Trump administration is appealing a federal court in Montana’s decision. In an order filed Tuesday, the court...

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Benefits of Alberta’s oil curtailment program fading

Benefits of Alberta’s oil curtailment program fading

Alberta’s mandatory oil production cuts have helped boost Canadian crude prices. In the coming days, Notley must decide if the province will use its powers to throttle back crude production in Alberta. Alberta’s oil-production curtailment plan has largely accomplished its mission, even before it has gone into effect. The sugar high from Alberta’s crude curtailment program may be...

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