07 April

Proactive steps are needed to keep hydraulic oil clean and machines running. PHOTO: Adobe Stock/Ink drop The presence of contamination in hydraulic fluid can cause system failure, meaning that an appropriate level of oil cleanliness is required to maintain a reliable hydraulic system. The cleaner the oil, the longer excavators, wheel loaders and other equipment […]

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07 April

As we continue toward global oil supply and demand balance with the impacts of the pandemic beginning to slowly fade, there is a renewed focus on ESG and carbon policy by both industry and government. ESG and carbon policy may drive up North American energy production costs In response to the need to strengthen Environmental, […]

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07 April

(Reuters) – Futures for Canada’s main stock index rose on Wednesday as oil prices rose on prospects of a stronger economic growth, boosting commodity stocks. However, gains in crude prices were capped by talks to revive a nuclear deal with Iran, which raised the possibility of an easing of sanctions on the country’s oil exports. […]

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07 April

Despite challenges in Calgary’s oil and gas sector, there is continued strong demand for external expertise in personnel search and recruiting for large and small energy companies, from CFO to Production & Revenue Accountant. It is an employers’ market these days, however, sorting through the increased volume of applicants is onerous and time-consuming. A large […]

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07 April

(Reuters) – Oil and gas company Whitecap Resources Inc said on Monday it will acquire Kicking Horse Oil & Gas Ltd, a privately-held indirect subsidiary of Quantum Energy Partners, for C$300 million ($239.08 million) in a stock-and-cash deal. Canada’s oil and gas sector had a record start to 2021 in terms of mergers and acquisitions […]

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06 April

By Rod Nickel and Nia Williams WINNIPEG, Manitoba (Reuters) -Canadian Natural Resources Ltd (CNRL) and Cenovus Energy Inc, two of Canada’s biggest oil producers, said on Tuesday they would set new goals to reduce greenhouse gas emissions but not pivot away from their core businesses. Oil sands producers, which extract some of the world’s most […]

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06 April

Railcars holding crude oil Canadian heavy crude’s discount to West Texas Intermediate (WTI) widened on Tuesday in choppy trade. Western Canada Select (WCS) heavy blend crude for May delivery in Hardisty, Alberta, last traded at $10.10 per barrel below WTI, according to NE2 Canada Inc, widening from Monday’s settlement of $9.85 per barrel below the […]

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06 April

Canadian Natural Resources (CNRL) and Cenovus Energy , two of Canada’s biggest oil producers, said on Tuesday they will set new goals to reduce greenhouse gas emissions, but not pivot away from their core businesses. Oil sands producers, who extract some of the world’s most carbon-intense crude, face pressure from investors to reduce their environmental […]

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06 April

(Adds Suncor comment) WINNIPEG, Manitoba, April 6 (Reuters) – Canadian Natural Resources Ltd (CNRL) and Cenovus Energy Inc, two of Canada’s biggest oil producers, said on Tuesday they would set new goals to reduce greenhouse gas emissions but not pivot away from their core businesses. Oil sands producers, which extract some of the world’s most […]

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06 April

Two years ago, Alberta implemented an oil-production quota in an attempt to boost the province’s oil price to compete with the international benchmark. While the price of Alberta oil was lifted in the short-term, Master’s candidate Gilbert Lybbert said ripple effects including more shut-in wells could impact oil producers for years to come. See Full […]

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