Encana has lightened it’s company properties and fattened it’s cash assets. The Calgary based company has sold off Bighorn natural gas properties. Jupiter Resources shelled out $1.8-billion for the company. CEO and president Doug Suttles says “this transaction advances our strategy by unlocking value from our portfolio as we focus on developing our core growth […]
BP claims it paid out too much for the Gulf oil spill damages
BP is asking a US court to help retrieve hundreds of millions of dollars the oil giant claims to have overpaid for damages caused as a result of the Gulf of Mexico oil spill four years ago. A month ago BP was successful in obtaining a court order which revised the way losses due to […]
Alberta Government studies Supreme Court on First Nations land rights
It’s a decision that could impact resource projects around the country. The Supreme Court justices ruled overwhelmingly in favour of giving the Tsilhqot’in First Nation in title to land in the interior of British Columbia. A lawyer, Larry Innes, who represents the Athabasca Chipewyan, a band downstream from the Fort McMurray region had this to […]
Safety is priority one when it comes to transporting the oil industry’s products
It doesn’t matter how it is being transported around the country the Canadian Association of Petroleum Producers (CAPP) wants you to know the oil industry is doing all it can to prevent accidents. CAPP V.P. Greg Stringham says his organization has pushed for a number of changes to rail transportation since the Lac Megantic tragedy […]
Mexican Shale Plays Hampered by Drug Cartels
It’s tough enough getting shale gas out of the ground, having bullets whiz past your head is making it almost impossible in Northern Mexico. Drug traffickers and thieves engage in running battles with soldiers along the countries Texas border. One of the more recent incidents saw about three dozen workers with Weatherford International (WFT) looking […]
Due diligence required
All training programs are not created equal. You wouldn’t want a piece of equipment on your rig that isn’t certified safe, it`s important your employees have the proper credentials as well. The problem is not all companies that offer safety programs are accredited. Before signing on with a safety program insist on seeing its Certificate […]
CAPP applauds Supreme Court decision for clearing up a muddy issue
The Canadian Association of Petroleum Producers (CAPP) is expecting greater clarity now when its members have business deals with First Nations. This is in the wake of the Supreme Court ruling 8-0 giving the Tsilhqot’in B.C. title to their land. A V.P. with CAPP, Alex Ferguson, told CBC the ruling should help project coordinators when […]
Alberta Energy Regulator marks first year with a new three year plan
The Alberta Energy Regulator (AER) which oversees the provinces oil and gas sector, is looking for ways to become more efficient. The AER handles responsibilities handled previously by the Energy Resources Conservation Board, public lands regulations and the Water Act and Environmental Protection and Enhancement Act. Later this year it will also include the branch […]
Safety first
It’s a plan that just makes sense. You wouldn’t want equipment on rigs that isn’t up to safety standards, so why would you want people who aren’t properly prepared to go to work. The International Association of Drilling Contractors has launched its Knowledge, Skills and Abilities (KSA) Competencies Program. The plan is to help ensure […]
Nabors and C&J Energy Services teaming up
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 […]