Category Archives: Industry News

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…

Shell’s consolidation strengthens world’s most valuable oil and gas brand

Shell maintains status as the world’s most valuable Oil & Gas brand with a value of US $36.8bn Strategic divestment and marketing communications help to strengthen brand Brand value growth rates of >40 per cent mean Sinopec and PetroChina could overtake Shell this year Every year, leading valuation and strategy consultancy Brand…

OPEC’s production cuts and climbing oil prices

By: IBISWorld Procurement Research Analyst, Ashley Cruz With oil prices finally on the rise, businesses that rely on petroleum products should be looking ahead to hedge against price growth and volatility Although much of 2016 has been a year of suspense and surprises, there were several late-in-the-game decisions that have…

Weir’s SPM QEM 3000 frac pump delivers in Canadian market

Canyon Services Group logs more than 1,000 pumping hours, purchases fleet of pumps Fort Worth, Texas-based Weir Oil & Gas (Weir), one of the world’s largest supplier of pressure pumping equipment to the upstream market, today announced significant milestones in the evolution of the SPM® QEM 3000 frac pump: reaching…

E3 Consulting Serves as Independent Engineer for Wolf Midstream’s Acquisition of Access Pipeline System

E3 Consulting® (E3) served as independent engineer to lenders for Wolf Midstream’s recent acquisition financing of 50 percent ownership interest in Access Pipeline (Access) from Devon Corporation. Access is a dual pipeline system with pumping and measurement facilities used for transportation of diluent and bitumen blend between heavy oil extraction facilities…