Global oil demand fell 160,000 bbls/d year-over-year in May, the second annual fall seen in 2019, according to the International Energy Agency (IEA).

Inter Pipeline Ltd.’s bulk liquid storage business in Europe stands out as the right asset to monetize as the company funds a substantial growth program in Alberta including the $3.5-billion Heartland Petrochemical Complex (HPC), executives said on Friday.

Enerflex Ltd. does not intend to increase 2019 capital spending beyond the roughly $160 million laid out at the start of this year, says top brass, but the company still keeps an eye out for promising merger and acquisition deals.

SemGroup Corporation’s Canadian segment posted a second quarter 2019 profit of $29.67 million, up from $21.45 million in the second quarter of 2018.

Total Energy Services Inc.’s second quarter results clearly reflect the year-over-year decline in drilling in Canada coupled with the company’s strategy to make money outside of the country.

Drilling rig activity in Western Canada and the Top 10 active operators as of Aug. 9, 2019, as reported this morning by Rig Locator.

Kelt Exploration Ltd.’s second quarter 2019 average production was up 16 per cent to 30,314 boe/d from 26,120 boe/d in the comparable 2018 period due to ongoing new production from the company’s successful development pad drilling operations at its Inga/Fireweed core area.

Delphi Energy Corp. completed and tied-in operations on its 13-34-059-24W5 four-well pad (2.6 net) in West Bigstone, which was brought on-stream in the second quarter of 2019.

Pengrowth Energy Corporation has increased its proved reserves by 34 per cent and proved-plus-probable (2P) reserves by 25 per cent, thanks to strong performance on the company’s Lindbergh thermal oil project, says top brass.

Bonterra Energy Corp. says its original 2019 capital budget of $57–$77 million remains intact and is expected to be near the low range of guidance.

Tamarack Valley Energy Ltd. has appointed Martin Malek to the position of vice-president, corporate planning and business development.

Tamarack Valley Energy Ltd.’s Q2 production averaged 24,090 boe/d (63 per cent oil and NGL weighting), four per cent higher than the previous quarter, and one per cent higher than in Q2 2018, and reflected the company's compliance with the production curtailment order imposed by the Alberta government.  

Darwin Little has been named interim chief financial officer of Delphi Energy Corp.

Pieridae Energy Limited chief financial officer Melanie Litoski will be leaving the company Aug. 9, 2019 to pursue another employment opportunity.

Pason Systems Inc. appointed Laura Schwinn to its board of directors.

North American Construction Group Ltd. appointed Maryse Saint-Laurent and Kristina Williams to its board of directors.

Cathedral Energy Services Ltd.’s 2019 activity levels in the U.S. have declined over the comparative period in 2018 as the company restructures its U.S. operations.

Pieridae Energy Limited’s 2019 upstream capital program has been curtailed and is now expected to be approximately $2 – 5 million as opposed to previous guidance of $8 – 10 million.

Hemisphere Energy Corporation is currently drilling the 10th horizontal well of its 2019 summer drilling program, with drilling operations for the first nine wells having progressed ahead of schedule and on budget.