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Fort St. John
Wednesday, October 23, 2019
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Almost 30% of oilpatch jobs have disappeared since crash, with 65% of employers cutting this year

CALGARY, A.B. — Recruitment firm Hays Canada says about one third of oil and gas industry employers are expecting another tough year in 2017 after 65 per cent of them were forced to cut staff this year. The annual survey finds that 28 per cent of energy sector employers expect to hire fewer people in 2017 than in 2016, while...

Tourmaline closes deal to acquire Shell’s Montney assets

CALGARY, A.B. – Tourmaline Oil Corp. announced today that it has closed the previously deal to acquire Shell Canada assets. Tourmaline acquired Shell assets in the Alberta Deep Basin and the Gundy area in the Montney Basin for a total of $1.369 billion. The cash portion of the purchase was funded through equity financings for gross proceeds of $756.1 million, which closed on November...

OPEC announces oil production rollback

VIENNA, AUSTRIA – The CBC News is reporting that OPEC has agreed to cut oil production by 600,000 barrels per day in January. The oil cartel’s move today to cut output for the first time in eight years means that world output from both OPEC and non-OPEC countries will sit at roughly 32.5 million barrels a day, down by 1.2...

TransCanada signs agreement with Gitxsan First Nation for Prince Rupert Gas Transmission

HAZELTON, B.C. – TransCanada Corporation announced this morning that it has signed an agreement with twelve hereditary Gitxsan Nation chiefs regarding the Prince Rupert Gas Transmission project. The agreement outlines economic and employment benefits as well as other commitments that will be provided for as long as the project is in service. "This agreement is the product of our engagement with...

Advantage planning to drill 83 Montney wells in the next three years

CALGARY, A.B. - Advantage Oil & Gas announced in its 2017 capital budget that it will be planning to increase activity in the Montney basin in the next few years. Advantage also released development plan estimates for 2018 and 2019. Advantage says that through 2019 will continue to grow their Montney natural gas supply, and plan to spend $625 million drilling...

Federal cabinet to decide fate of Northern Gateway today

OTTAWA, O.N. - CBC News is reporting that the federal cabinet will deliver its decision on Enbridge’s proposed Northern Gateway pipeline today, but it will be several days before the public knows the fate of the project. Both the National Energy Board and the former Conservative federal government signed off on the $7.9-billion project, and imposed 209 conditions. But the Federal Court overturned those...

B.C. signs agreement with Saulteau First Nations on Coastal GasLink pipeline

VICTORIA, B.C. - The B.C. Government has announced that it has reached a deal with the Saulteau First Nations on the Coastal GasLink natural gas pipeline project. The Coastal GasLink natural gas pipeline is proposed to run from the Montney region to LNG Canada's proposed export facility near Kitimat. As part of the agreement, the Saulteau First Nations will receive approximately...

Trump could rescind President Johnson’s executive order to approve Keystone XL

WASHINGTON, D.C. - Bloomberg News is reporting that US President-elect Donald Trump’s advisors are looking at ways that he could approve the Keystone XL oil pipeline on the day he is sworn into office, including by rescinding a presidential executive order signed forty-eight years ago. Two sources familiar with Trump’s transition team that spoke on condition of anonymity told Bloomberg News...

Chamber of Commerce celebrating Energy Citizens Week with pub night tonight

FORT ST. JOHN, B.C. – The Fort St. John Chamber of Commerce will be hosting a special event this evening. The Chamber will be marking Energy Citizens Week this week in Fort St. John with a pub night. The event is taking place at Browns Social House on November 22nd from 5:00 to 7:00 p.m. The event is open to both...

Fracking to blame for Fox Creek earthquakes: U of C researchers

FOX CREEK, A.B. - A University of Calgary study released yesterday says that fracking near a system of faults that researchers didn’t know existed triggered earthquakes west of Fox Creek in early 2015. U of C geophysics professor Dr. David Eaton and former doctoral student Xuewei Bao conducted the study, which was published in Science magazine yesterday, after a series of...

ARC Resources to continue to invest in Montney basin holdings after selling Sask. assets

CALGARY, A.B. - After ARC Resources announced that it will sell all of its Saskatchewan assets and operations to Spartan Energy for $700 million, the company plans to reinvest some of the proceeds in the Montney basin. According to a company press release, ARC plans to reinvest at least some of the funds raised from the sale in their holdings on both sides...

Spartan acquires Sakatchewan oil assets from ARC Resources

CALGARY, A.B. — Spartan Energy announced it will spend $700 million to buy southeastern Saskatchewan assets from ARC Resources. The deal between the two Calgary-based companies involves wells producing 7,500 barrels of oil equivalent per day and related oil batteries and gathering pipelines, Spartan said. It said the purchase will make it one of the largest oil producers in Saskatchewan with...

PNW LNG Petronas decision expected by April: Rich Coleman

FORT ST. JOHN, B.C. - According to an article by Bloomberg, Rich Coleman, British Columbia’s minister of natural gas development says Petronas will have a decision on whether or not to move forward with the Pacific NorthWest LNG project by April. In an interview in Vancouver, Coleman says they (Petronas) need time to go out and re-price the project including the...

Bob Zimmer pleased with Woodfibre LNG developments

OTTAWA - Local MP Bob Zimmer is welcoming the announcement of the Woodfibre LNG project developments. Zimmer hopes that this will be the first of many LNG projects in the province. The project is expected to create 650 construction jobs and 100 permanent operating jobs. "It comes at a time, when it appears there's reason to hope the global energy industry...

LNG industry doubts persist despite Woodfibre LNG announcement

CALGARY, B.C. – Despite the fact that Woodfibre LNG is set to become the first LNG export project in Canada, the launch of a national LNG industry on a large scale is still clouded in doubt. The country ambitions to export LNG, which are based largely in B.C., have been hit with a series of setbacks this year. In July,...

Woodfibre LNG project given approval to move forward

SQUAMISH, B.C. - It was announced today that the Woodfibre LNG project has been given board approval to move ahead. The approval was given by the parent company of Woodfibre LNG which is Pacific Oil and Gas. The $1.6 billion project is expected to create 650 jobs during construction and 100 operational jobs over the 25-year lifespan of the project. The...

LNG developers could be merging proposals along lines of Exxon model

TOKYO, JAPAN – According to IHS Markit Ltd., Canadian LNG developers will mostly likely start to band together and merge proposed projects, similar to developers in Papua New Guinea as the low price of natural gas limits cashflow for individual export terminals. Bloomberg News is reporting that IHS chief upstream strategist Bob Fryklund says that producers must also green-light projects...

Environmental and Aboriginal groups officially launch lawsuits against PNW LNG

VANCOUVER, B.C. - First Nations as well as environmentalist groups officially launched lawsuits in Federal Court in Vancouver today against the Pacific NorthWest LNG project and the Canadian government. The groups held a press conference and filing ceremony in Vancouver this morning. Representatives from many northwest First Nations, UBCIC, and SkeenaWild commented on the lawsuits that are aimed to stop Petronas' $11.4-billion Pacific NorthWest LNG...

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