Category Archives: Industry News

Inter Pipeline announces second quarter 2017 financial and operating results

Inter Pipeline Ltd. announced the financial and operating results for the three and six month periods ended June 30, 2017. Second Quarter Highlights Funds from operations (FFO) totalled $207 million, a 5 per cent increase over second quarter 2016 Generated net income for the quarter of $102 million Declared cash…

DOE to Invest $20 Million in New Oil and Gas Research Projects

The U.S. Department of Energy (DOE) today announced the availability of $20 million for cost-shared oil and gas research projects to increase recovery efficiency from unconventional oil and gas wells and to prevent offshore spills and leaks.  This new funding opportunity seeks projects that will advance DOE’s objective to support a more…

Cenovus plans to grow free funds flow 14% a year through 2021

Company targets $4 billion to $5 billion in asset sale agreements by year end Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) today put forward a five-year plan that the company expects will generate 14% annualized free funds flow growth through 2021 at a West Texas Intermediate (WTI) price of US$55 per barrel…

Oil & Gas Pipeline Leak and Theft Detection Technologies Market to Cross $2 Billion by 2022

Surging demand for oil & gas and expanding pipeline infrastructure to propel demand for oil & gas pipeline leak and theft detection systems in North America through 2022 According to a recently published TechSci Research report, “North America Oil & Gas Pipeline Leak and Theft Detection Market By Onshore Vs….

2017 to be a pivotal year as Canada’s oil and gas industry strives for recovery and growth

Today we released our latest report, Labour Market Outlook 2017 to 2021 for Canada’s Oil and Gas Industry. The report provides labour market projections for the industry based on two scenarios, one if oil prices stabilize well above US$50 per barrel (/bbl) through 2017 and beyond, and one if oil prices…

USEA’s Worthington says Keystone XL good for North American energy security

U.S. Energy Association Executive Director Barry Worthington applauds President Trump’s decision Friday to approve the long-awaited permit required to build the Keystone XL pipeline. In a statement issued Friday, Worthington said: “President Trump’s decision to approve the Keystone XL pipeline is good for North American energy security, economic growth, and…