08 April

EOG Resources logo Bell Rock Capital LLC grew its holdings in EOG Resources Inc (NYSE:EOG) by 22.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,550 shares of the energy exploration company’s stock after purchasing an additional 1,550 shares during the […]

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08 April

HOUSTON–(BUSINESS WIRE)–Apr 8, 2019–Texas Deepwater Deer Park Terminal LLC (“TDWP DP”), a wholly owned subsidiary of Texas Deepwater Partners (“TDWP”) and an affiliate of USD Group LLC (“USDG”), has entered into a lease agreement with Equilon Enterprises LLC d/b/a Shell Oil Products US (“SOPUS”) to retrofit and refurbish the Deer Park Rail Terminal (“DPRT”) in […]

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08 April

Trainees practise laying down drill pipe on a rig floor near Nisku, Alta., in this file photo. (Jason Franson/The Canadian Press) A new report says direct employment in Canada’s oil and gas sector is expected to fall by more than 12,000 jobs this year. PetroLMI says the workforce is forecast to drop to about 173,300 […]

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08 April

EDMONTON – Alberta NDP Leader Rachel Notley says she expects Ottawa to approve the Trans Mountain pipeline to the west coast by the end of May. Notley says the province is closer than ever to getting the pipeline. She says Alberta needs to stick with a strategy to get shovels in the ground. Notley says […]

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08 April

CALGARY – A new report says direct employment in Canada’s oil and gas sector is expected to fall by more than 12,000 jobs this year. PetroLMI says the workforce is forecast to drop to about 173,300 in 2019, a decline of 23 per cent from 226,500 in 2014. It says the oil and gas labour […]

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08 April

The silhouettes of pumpjacks are seen above oil wells in the Bakken Formation near Dickinson, North Dakota, U.S., on Wednesday, March 7, 2018. When oil sold for $100 a barrel, many oil towns dotting the nation’s shale basins grew faster than its infrastructure and services could handle. Since 2015, as oil prices floundered, Williston has […]

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08 April

In 2014, Amazon announced that it would power its rapidly expanding fleet of data centers with 100 percent renewable energy. Apple, Facebook, and Google made similar pledges two years before that, and pressure from consumers and environmental groups drove Amazon to follow suit. For the next two years, the tech giant made admirable strides toward […]

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08 April

Technical disruption causes a change in the way we work. Maybe not today or even tomorrow, but eventually. Or we risk getting left behind. In the 2019 Daily Oil Bulletin Service and Supply Outlook report, employees in Alberta’s energy industry indicated that technology disruption was happening now or soon will. What does technology disruption mean […]

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08 April

Construction underway at the Inter Pipeline Heartland Petrochemical Complex in January 2019. Image: Deborah Jaremko/JWN A centrepiece of Alberta Premier Rachel Notley’s time in office has been efforts to incentivize oil and gas projects that add value to the province’s raw fossil fuel resources. Since 2016 the NDP government has made $3.6 billion available to […]

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08 April

(Reuters) – Stock futures for Canada’s main stock index edged higher on Monday, as crude oil prices rose to their highest level since November 2018 on OPEC supply cuts, U.S. sanctions against Iran and Venezuela and fighting in Libya. June futures on the S&P/TSX index were up 0.05 percent at 7:00 a.m. ET. The Canadian […]

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