Jim Bentein

  • MEG’s Response To COVID Helps Contain Q2 Storm

    MEG Energy Corp., like other Canadian oilsands producers, was hit hard by the COVID-19-related price shock in the second quarter of 2020, but a vigorous hedging initiative, reduced capital spending and across-the-board salary reductions allowed it to contain its financial losses.

    July 28, 2020, 8:07 AM MDT

  • Teck’s Energy Business Unit Reports Gross Profit Loss

    Teck Resources Limited, Canada’s largest diversified mining company, was hit hard by the impact of COVID-19 on its operations in the second quarter, the company said on Thursday, with the producer of steelmaking coal, copper and zinc — and with a presence in the oilsands — recording a loss, as prices for all the commodities it produces declined.

    July 23, 2020, 3:13 PM MDT

  • Last Mile Frac Sand Delivery Solution Cuts Costs And Emissions, Increases Safety

    You’d think Source Energy Services Ltd., Canada’s largest frac sand provider, would have enough of a logistics challenge transporting its northern white sand about 2,100 kilometres by rail from the three mines it owns in Wisconsin.

    July 22, 2020, 9:39 AM MDT

  • Natgas Outlook Provides Hope For Producers, Conference Hears

    Tourmaline Oil Corp.’s president and CEO made it very clear on Tuesday during a webcast conference that natural gas holds out much more hope for his company in the near future than crude, a point echoed by other executives at the event.

    July 8, 2020, 12 AM MDT

  • PetroLMI Report Details Employment Prospects From LNG In Canada

    The development of the new LNG plants in Canada that appear most likely to proceed could create up to 8,300 jobs in the upstream sector, several thousand peak construction jobs, 1,200 or more operations positions and thousands of spin-off jobs in local communities, according to a new report.

    June 25, 2020, 7:55 AM MDT

  • Smaller Industry Associations Respond To COVID-19 Challenge

    This article continues yesterday’s look at how industry associations are dealing with the fallout from COVID-19. Today’s article reports on some of the smaller industry groups in Calgary.

    June 16, 2020, 9:47 AM MDT

  • Associations Weathering Industry Storms

    Canada’s oilfield service industry is facing “an existential crisis” that threatens its very existence, says the head of an association that represents that sector, but can claim some success in having received direct government help and government loan backing that will allow companies to survive

    June 15, 2020, 9:51 AM MDT

  • Alberta Carbon Trunk Line Now Operational

    The Alberta Carbon Trunk Line (ACTL) will lead to the birth of a new industry in the province, says the head of the company.

    June 3, 2020, 6:34 AM MDT

  • Sturgeon Refinery Close To Capacity

    The delayed $10-billion Sturgeon refinery is operating close to capacity, processing about 70 per cent of the bitumen it was designed for, almost three years after its original in-service date.

    May 21, 2020, 9:49 AM MDT

  • Enerplus Ekes Out Profit In Q1

    Enerplus Corporation, which is focused on North Dakota and Marcellus oil and gas production, managed to do something few producers have pulled off in the first quarter of 2020 — it eked out a profit.

    May 8, 2020, 9:57 AM MDT

  • Renaissance Earnings Tied To Pemex, Revenue Down In 2019

    The good news for Calgary-based Renaissance Oil Corp., which operates exclusively in Mexico, is that it’s receiving far higher prices for its oil and natural gas production in the country than it would if it was operating in Canada or the U.S.

    May 6, 2020, 9:55 AM MDT

  • Western Energy Reduces Salaried Workforce By 42%

    It was a short and not very sweet annual meeting Tuesday for Calgary-based Wesern Energy Services Corp., held in a virtual formal, given the COVID-19 requirements limiting large gatherings.

    April 29, 2020, 7:07 AM MDT

  • Alberta Service Company Diversifying Beyond Oilfield

    As a native Texan, Bryce Bernhard is used to weathering a few storms, but the storm that has hit Alberta’s oil industry-reliant economy in the last four or five years may not have been quite what he expected when he moved from that state to the province in 2010.

    April 29, 2020, 7:54 AM MDT

  • More Industry Goodwill During COVID-19-Related Downturn

    Brad Peterson readily acknowledges that among the gloom and doom gripping the Canadian energy industry, he’s one of the fortunate ones — and he intends to keep on sharing his good fortune.

    April 28, 2020, 12 AM MDT

  • How Are Private Operators Navigating The Downturn?

    There’s something comforting about heading a privately-owned oil and gas company and not having to watch your company’s publicly-listed shares drop on an almost daily basis, according to the CEO and president of Calgary-based Velvet Energy Ltd.

    April 23, 2020, 6 AM MDT

  • Teck Lowers Capex For Energy Business

    As a result of reducing operations to a single-train facility at Fort Hills and to minimize negative cash flow, Teck Resources Limited has reduced its planned 2020 capital spending in the energy business unit to $85 million from $175 million.

    April 21, 2020, 9:06 AM MDT

  • LNG Canada Still Plans To Have Plant Operating By Mid-Decade

    A spokesperson for LNG Canada says the project owners still plan to have the plant operating by the mid-2020s.

    April 8, 2020, 2:10 PM MDT

  • LNG/Natgas Demand Likely More Influenced By Weather Than COVID: Consultant

    Unless the COVID-19 pandemic kills millions of people worldwide — which even the most pessimistic public health experts think is unlikely — global LNG and related natural gas demand will grow this year, says one of Canada’s top natural gas sector consultants.

    April 3, 2020, 8:41 AM MDT

  • Output Cuts Stemming From Coronavirus Expected: Rystad

    Oil prices will stay lower for longer as a result of the COVID-19 virus, with Canadian oilsands and offshore production being the hardest hit in the next two months, but with shale producers also being seriously impacted, says an Oslo-based energy industry consultancy.

    March 18, 2020, 10:37 AM MDT

  • Trout Unlimited Canada’s Annual Fundraising Event In Calgary Looking For Oil & Gas Industry Support

    With 20 per cent of the world’s fresh water, the largest number of lakes in the world (31,000) and the fifth largest number of rivers worldwide, a Canadian charitable group that invests in projects aimed at enhancing those waterways in this country has a lot on its plate.

    March 10, 2020, 10:34 AM MDT

  • MEG Reports Improved Results, Higher Bitumen Pricing

    MEG Energy Corp. reported stronger 2019 financial results Wednesday compared to last year, thanks in part to higher bitumen prices.

    March 5, 2020, 8:02 AM MST

  • Trican Reports Improvement In Q4 Results

    Although the red ink continued to flow for Trican Well Services Ltd. in the fourth quarter of 2019, as well as for the entire year, the specialized oilfield services company’s cost reduction and efficiency measures allowed it to show better results than in the previous year.

    February 27, 2020, 9:50 AM MST

  • Gulf Alumni Event To Celebrate ‘Glory Days’

    It’s being billed as the final annual Gulf Canada Resources Ltd. alumni reunion, but there’s much more to the story about the March 12 event — just ask former Gulf employee Doug Phillips.

    February 24, 2020, 9:35 AM MST

  • Teck Withdraws Regulatory Application For Frontier Project; 'Sad' Situation For Canada, Says CAPP

    Teck Resources Limited announced Sunday it is withdrawing the Frontier project from the regulatory review process.

    February 23, 2020, 7:45 PM MST

  • Teck Working To ‘Optimize’ Frontier; Negative Decision Would Result In Billion-Dollar Charge

    With a federal cabinet decision on the Frontier oilsands project looming next week, proponent Teck Resources Limited warned of an impairment should there be a “negative decision.”

    February 21, 2020, 12 AM MST