CAGC

Jan 28th, 2015 By: John Kemp, retrieved from from the Daily Oil Bulletin   (Reuters) — Motorists in California purchased more gasoline in October 2014 than any corresponding month since 2007, according to state tax records, confirming the renewed growth in U.S. fuel demand. State gasoline consumption was 2.3 per cent higher than in the same month in 2013 and 4.1 per cent higher than in 2012, according to the  California Board of Equalization , which collects motor vehicle fuel tax in the state. Sales have been growing since June 2013 and the trend is expected to accelerate as motorists respond to the halving of fuel prices by purchasing larger vehicles and driving more. Lower crude oil prices will gradually rebalance the market by slowing crude production growth and encouraging more use of refined fuels. Gasoline sales up California’s gasoline sales have been rising for more than a year but the rate of increase accelerated in September and October 2014,...

By: Derek Fildebrandt, CAODC The following OpEd was published in the Calgary and Edmonton Sun, and was retrieved from http://fildebrandt.ca/. Originally published on December 17th. Greenpeace is not just some silly, stunt-pulling - but ultimately innocent - environmentalist group. They represent an extremist, neo-luddite movement to roll back human achievement. If this was ever in doubt, it no longer is. More than 1,500 years ago, the ancients of Peru constructed the Nazca lines. Believed to have astronomical or religious significance, the lines beautifully draw massive hummingbirds, monkeys, fish and other animals. The largest of these is over 200 metres across. The lines are made from extremely sensitive ground and are only (legally) viewable from the surrounding foothills or by aircraft. Even the president of Peru is forbidden from walking on the highly sensitive grounds. It holds such value that it has been designated at UNESCO World Heritage Site. Such concerns were to...

February Recorder Article By: Mike Doyle, CAGC Mike Doyle is the President of the CAGC – the Canadian Association of Geophysical  Contractors - representing the business interests of the seismic industry within Canada.  The CAGC website may be found at www.cagc.ca . Readings are solely for the entertainment of customers. - Sign above a table used for crystal ball gazers, tea leaf and tarot card readers Dave Yager of MNP LLP said in his January 5, 2015 Newsletter  “ Holy cow. Do up your seat belt.  WTI trading at US$48.14 right now.” So here comes the next bust. Our last bust in 2009 (after the 2008 market crash) brought some strong years in 2011, 2012 and 2013. The market correction is always a violent one that has a lot of fallout. The Rig Counts went from record highs in 2008 of over 20,000 to 2009 with counts under 10,000. Operating Days were halved as well however in the years that followed; recovery came in the form of operating days inst...

By: Mike Doyle, CAGC Keystone XL is a proposed 1,897-kilometre pipeline that would carry crude oil from Hardisty, Alberta to Steele City, Nebraska, where it would link up with other pipelines that run to the Gulf Coast and the U.S. Midwest. The pipeline would carry an average of 830,000 barrels of oil per day to refineries in the Midwest and the Gulf Coast. TransCanada (TSX:TRP) would develop the US$5.4 billion pipeline. In May 2012, the company filed a new application for a presidential permit — a requirement for any cross-border pipeline —after the U.S. State Department denied its first application. The Canadian Energy Research Institute estimates that Keystone XL will add $172 billion to the United States’ gross domestic product by 2035. Earlier this year, the State Department put off its decision again, pending the outcome of a court fight in Nebraska over the proposed route. A decision is not expected before next year.  However, last week’s midterm elections, which...

From MNP, Oilfield Service News, December 1st, 2014 By: David Yager, National Leader, Oilfield Services There was a time when the Organization of Petroleum Exporting Countries (OPEC) truly did control world oil prices. As producers of the greatest quantities of the world’s cheapest oil, OPEC – particularly Saudi Arabia – possessed what had come to be known as “swing” production. While the rest of the world produced every possible barrel, OPEC could adjust production and therefore prices. Increase production and prices would decline. Decrease production and prices would rise. Those were the days. No longer.  At 30 million b/d OPEC only produces about a third of the 90 million barrels a day of the oil the world produces and consumes daily. The United States, Russia, Canada and China combined now produce as much oil as OPEC. With the exception of Russia, these other countries are not as dependent upon oil to power their economies as the 12 members of OPEC. The United States and ...

Recorder Article by: Mike Doyle, President of the CAGC – the Canadian Association of Geophysical Contractors - representing the business interests of the seismic industry within Canada. The CAGC website may be found at www.cagc.ca . It is time to defend ourselves against the anti (Canadian) Oil Interests. The new President/CEO of CAPP, Tim McMillan, says he wants to mobilize the silent majority of energy consumers to speak on its behalf as the industry looks to counter the environmental groups’ campaigns against major pipeline projects. “I want to convert you from being an energy consumer and endorser to becoming an energy advocate and energy citizen.” Cody Battershill of Canada Action says it is time to Balance the Conversation on Canadian Oil & Gas - The # oilsands are a major contributor to the prosperity of our country! When you attack our energy you attack us. Alex Epstein has recently put out a book from which I take the final chapter as below. ...

By: Carter Haydu, Daily Oil Bulletin Coming off the tail end of a relatively lacklustre 2013-14, seismic acquisition companies can expect a similarly soft season ahead in Western Canada, say industry representatives. “There has been one merger completed and another merger that is imminent, but even with the mergers happening there is still minimal work available for crews in Canada,” Forrest Burkholder , general manager at SAExploration Holdings Inc. , told the Bulletin . He added: “2014 was mediocre at best and 2015 is looking like it is going to be similar or slightly worse.” According to Burkholder, lack of market access for producers is limiting exploration, which means companies are focusing on developing current assets with infrastructure and available markets already in place, which is largely reducing the work available for seismic firms. “I would certainly think the pipeline issue is impacting all Canadian energy service sectors,” he said, adding that many oil and g...