Nabors completion and production services businesses will be teamed with C&J Energy Services in a deal worth close to $3-billion dollars. C&J Energy Services Chairman and CEO, Josh Comstock says, “The combined company will possess greatly increased capacity for our best-in-class hydraulic fracturing, coiled tubing and wireline offerings, and introduce cementing to our suite of […]
Drilling Forecast Optimistic
The Canadian Association of Oilwell Drilling Contractors (CAODC) says the industry hasn’t had this good a second quarter since 2007. Operating days will exceed 17-thousand and are forecasted to be 1-thousand more than the previous high set during the last seven years. CAODC president, Mark Scholz says “Stronger gas prices have increased cash investment to […]
Fears an increase in oil tanker traffic in BC poses risks to wildlife
With the possibility of more oil tanker traffic along the BC coast, the State of Washington commissioned a study to consider the damage a spill could cause to the environment. The state’s Ecology Department returned with a report suggesting wildlife, sea otters in particular, would be at great risk. “The relative risk of an oil […]
Edmonton area is proposed site for liquefied natural gas plant
Gascana AB Energy Ltd. is behind a plan to produce 3-thousand tonnes of liquefied natural gas at a facility proposed for Edmonton. Gascana is a joint venture company formed by China’s Qingdao Sinoenergy Corporation, Asiafic Clean Energy Limited of Hong Kong (a subsidiary of Qingdao Sinoenergy Corporation) and Petrox Resources, which is headquartered in Calgary. […]
Canada’s economy buoyed by hike in oil
Fighting in Iraq has crude oil prices on the rise. As a result, some Canadian economists say our country stands to benefit. Although Scotiabank commodity market specialist Patricia Mohr feels a hike in prices will have a “two-pronged impact.” Adding, “on the positive side, it really bolsters earnings for Western Canada’s oil industry, but also […]
British Columbia Conservative MPs targets of protest
B.C. MP’s James Moore and Andrew Saxton are being blamed by some for the approval of the Northern Gateway pipeline by the Harper Government. Members with “Settlers on Stolen Land” slapped padlocks and chains on Saxton and Moore’s constituency offices and told the government members to leave. The protestors are angry over what they claim […]
Another pipeline – this one flows into Edmonton
The Northern Gateway pipeline has received a lot of attention since it was announced. Did you know there is another in the works that is twice the size? TransCanada the company behind the Keystone XL proposal wants another pipeline going from Northern Alberta to Edmonton. Like the other higher profile projects – the Grand Rapids […]
Rocky relationship result of Keystone XL pipeline delays
Is it prudent behaviour or fear of making a decision? The Obama government in the US has spent more than 2100 days reviewing the Keystone XL pipeline. The $7-billion dollar project is seen as a crucial development for Canada’s oil sands. As a result the Harper government has been lobbying hard for its approval. Alberta’s […]
Comment: Ideological purity hurts U.S. economy
One thing all Americans agree on is the need to improve our economy. But as with so many other political issues, extremists in both parties are working against that mutual goal. Two issues that hurt the economy are lack of a rational energy policy and outdated immigration laws. Needed changes are resisted by the far […]
2014 edition of the Global Petroleum Show the biggest ever
Global Petroleum Show 2014 drew 66-thousand people to Calgary between June 10th and 12th. The success of this year’s event bodes well as it will now take place annually instead of ever two years. Wes Scott of dmg :: events, which hosts the show GPS is excited about staging the massive event every year from […]