Source: Mickey Djuric, globalnews.com, July 16 2020 The work will be spread throughout the Lloydminster, Kindersley, Swift Current and Estevan areas. More workers in Saskatchewan’s oil and gas industry will head back to work after the province approved $12 million in federal funding to clean up inactive wells. “This first parcel of work projects incorporates… Continue reading Sask.-Based Companies to Receive Federal Funding for Inactive Well Cleanup
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Higher Crude Oil Prices Means Baytex Can Restart Most of Its Suspended Wells
Source: The Canadian Press, jwenergy.com, June 26 2020 The company will only restore half it’s 2020 capital spending plan. Baytex Energy Corp. says it is responding to higher oil prices by bringing back on line some of the wells it had shut down in April and May to avoid selling into an oversupplied market. The… Continue reading Higher Crude Oil Prices Means Baytex Can Restart Most of Its Suspended Wells
800 Enbridge Staff Have Take Voluntary Buyouts to Avoid Layoffs
Source: The Canadian Press, pipelinenews.ca, June 18 2020 Some of the options employees have taken include early retirement, severance, educational or personal leaves of absence or part-time work. CALGARY — Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and… Continue reading 800 Enbridge Staff Have Take Voluntary Buyouts to Avoid Layoffs
Weak Canadian Dollar This Monday Morning
Source: MarketsFarm, producer.com, June 15 2020 To start the week off, West Texas Intermediate crude oil was down by nearly four per cent. WINNIPEG, June 15 (MarketsFarm) – The Canadian dollar was weaker Monday morning, as losses in crude oil weighed on the energy-linked currency. At 8:36 CDT Friday morning the Canadian dollar was at… Continue reading Weak Canadian Dollar This Monday Morning