Category Archives: Industry News

Petroteq Energy announces membership in American Petroleum Institute

Petroteq Energy Inc., a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announced today that it has joined the American Petroleum Institute (API). The API is the only national trade…

TransCanada evaluating Nebraska PSC decision on Keystone XL

TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) confirmed today that the Nebraska Public Service Commission (PSC) has approved an alternative route for the proposed Keystone XL Pipeline project through the state. TransCanada is evaluating the PSC’s decision. “As a result of today’s decision, we will conduct a careful review of the Public…

New HRC Report: Oil and Gas Companies Continue to Improve on LGBTQ Equality in the Workplace

HRC’s 2017 Corporate Equality Index shows major improvements in sector’s ongoing work to create LGBTQ-inclusive workplaces Oil and gas companies continue to underperform on LGBTQ workplace equality and inclusion, according to the 2018 Corporate Equality Index (CEI) issued today by the Human Rights Campaign (HRC) Foundation, the educational arm of the nation’s…

TransCanada announces termination of Energy East Pipeline and Eastern Mainline Projects

TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) announced today it will no longer be proceeding with its proposed Energy East Pipeline and Eastern Mainline projects. Following is a statement from TransCanada President and Chief Executive Officer Russ Girling: After careful review of changed circumstances, we will be informing the National Energy…

OPEC cuts while U.S. shale booms: The effects on oil’s supply chain​

By: IBISWorld Procurement Research Analyst, Roshan Sathyanarayana The price of crude oil has been falling in recent years, going from over $100 per barrel in 2014 to hovering around $50 per barrel in 2017. In light of declining oil prices, the Organization of the Petroleum Exporting Countries (OPEC) has spent much of…

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…