27 January

The year 2021 started with a bad omen. A reported 30 minute conversation between US President Joe Biden and Canadian PM Justin Trudeau resulted in the issuance of a statement by the White House indicating acknowledgment of Canadian PM’s disappointment on the US President’s decision to rescind the permit for Keystone XL pipeline. The statement […]

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27 January

Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here . On January 13, 2021, the AER published a draft for a […]

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27 January

One of the first things new U.S. President Joe Biden did after his inauguration last Wednesday was revoke the presidential permit that was needed to finish the Keystone XL pipeline expansion. Biden campaigned on the promise to shelve the cross-border project that would transport over 800,000 additional barrels of oil from Alberta’s oil sands to […]

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27 January

The Keystone Steele City pumping station, into which the planned Keystone XL pipeline is to connect to, is seen in Steele City, Neb. in a Nov. 3, 2015 file photo. President Biden has cancelled the permit for the project, which would have carried oil from Canada into the U.S. The words “Keystone XL” first appeared […]

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26 January

Oil traded near $53 a barrel in New York as concerns over the pandemic’s latest hit to demand were tempered by signs of tighter global supply. Futures in New York increased 0.5 per cent after rising one per cent on Monday. A flare-up of the coronavirus in China is threatening fuel demand during the Lunar […]

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26 January

President Joe Biden signs executive orders after speaking about the coronavirus, accompanied by Vice President Kamala Harris, left, and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, right, in the State Dinning Room of the White House, Thursday, Jan. 21, 2021, in Washington. Western Canada’s oil producers will likely cope […]

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26 January

There is no longer any question about whether the oil and gas industry will decline. It will. The question is, which oil companies will join the energy transition, and which will milk their cow until it dies? If oil executives wait too long, the decision will be made for them. Many remain in denial and […]

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26 January

EDMONTON – Members of Premier Jason Kenney’s caucus have refused an Opposition NDP bid to make public details of Alberta’s $7.5-billion investment in the failed Keystone XL pipeline project. The eight members of the governing United Conservative caucus rejected an NDP motion in public accounts committee today to ask Kenney for the details, along with […]

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26 January

Core Laboratories logo Wall Street analysts expect Core Laboratories (NYSE:CLB) to report sales of $110.09 million for the current fiscal quarter, according to Zacks . Three analysts have provided estimates for Core Laboratories’ earnings, with estimates ranging from $110.00 million to $110.20 million. Core Laboratories posted sales of $156.78 million during the same quarter last […]

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26 January

Canadian crude oil exports transported by rail soared by 87 percent on the month in November as producers had little else to do given the now chronic shortage of pipeline capacity in the country. The daily average of Canadian crude shipped by rail stood at 173,000 bpd, CBC reported , which was lower than the […]

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