In today’s age everyone carries a pocket-sized computer with them – smartphones. These powerful little devices are constantly collecting data, and Cenozon has capitalized on that for the oil and gas industry. Cenozon’s FIND – short for Field Integration and Navigation Data – saves pipeline operators time and money by bringing mobile devices to the oilfield. Built on the latest in GIS technology, every asset is plotted on an intuitive mapping interface. Inspections, maintenance, and [Read more]
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XI Technologies: How drilling contractors can dig deeper to win more business
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like Wednesday Word to the Wise delivered directly to your inbox, subscribe here Oil price volatility since 2014 has had a tremendous impact on drilling activity and drilling contractors across the WCSB. The Canadian Association of Drilling Contractors (CAODC) drilling forecast for 2019 continues to project [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Jan. 22 Application Steward Calfrac Well Services Calgary Jan. 21 Facility Maintenance Administrative Assistant Vertex Sherwood Park Jan. 21 Accounting [Read more]
InPlay Oil Corp. Provides Operations Update and 2019 Capital Budget
CALGARY, Alberta, Jan. 22, 2019 (GLOBE NEWSWIRE) -- InPlay Oil Corp. ("InPlay" or “the Company”) (TSX: IPO, OTCQX: IPOOF) is pleased to announce that its Board of Directors has approved a $36 million Exploration and Development capital program for 2019. A year of exceptional operational results in 2018, drilling pacesetter horizontal Cardium wells at Willesden Green, positions us to continue with a focused 2019 capital program. With the potential for continued commodity price volatility, we [Read more]
Bellatrix Announces Voluntary NYSE Delisting
CALGARY, Alberta, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) announces that its board of directors has determined to commence procedures for the voluntary delisting of the Company’s common shares from the New York Stock Exchange (“NYSE”). Bellatrix has notified the NYSE of its intent to file a Form 25 with the Securities and Exchange Commission (“SEC”) on or about February 1, 2019 to affect the voluntary delisting of Bellatrix’s [Read more]
Alberta government to partially backstop new $2 billion dollar bitumen upgrader
CALGARY - The Alberta government is providing a $440 million loan guarantee to help a Calgary-based company build a new bitumen upgrader east of Edmonton. Value Creation Incorporated says it's ready to break ground on the $2 billion upgrader that would convert more than 77,000 barrels of diluted bitumen each day into medium synthetic crude and an ultra low sulphur diesel. Synthetic crude can flow easier through pipelines. Premier Rachel Notley says the loan guarantee is all the support [Read more]
Oilpatch wants growth policies from Alberta politicians; carbon price absent
CALGARY - The energy industry has revealed what it wants to see from Alberta politicians as they gear up for a spring election. The Canadian Association of Petroleum Producers says politicians should enact policies that will double the industry's growth rate by 2020. It wants tax cuts, shorter regulatory times and government support for six new energy pipelines. There is no mention of a price on carbon or a cap on oilsands emissions, both of which were brought in by Alberta's current [Read more]
Razor Energy Corp. Announces 2019 Corporate Budget and Guidance
CALGARY, Alberta, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) (www.razor-energy.com) is pleased to announce that its Board of Directors (the “Board”) has approved a capital budget of $13.5 million for fiscal 2019 that allows Razor to maintain production levels while continuing to pay a sustainable dividend. 2019 budget Capital expenditures of $13.5 million are expected to be allocated as follows: Reactivations, recompletions and [Read more]
China’s CNPC to build 23 more gas storage facilities by 2030
As reported in Reuters, China’s CNPC said that it will build 23 more gas storage facilities and expand 10 existing ones by 2030. The state energy group plans to build six regional gas storage centres across China, where the facilities will be located, in the next 12 years, according to a statement published on the company’s website. The plan was part of China’s efforts to secure supplies of natural gas during peak demand season over winter. Gas producers and local authorities have been [Read more]
MEG Energy announces disciplined 2019 capital investment plan, maintains optionality to reach 113,000 bpd in 2020
All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Jan. 22, 2019 /CNW/ - MEG Energy Corp. (TSX:MEG) announced today its 2019 capital investment plan and operational guidance. Highlights include: A base capital budget of $200 million, to be fully funded with expected 2019 adjusted funds flow from operations, designed to sustain production capability at 100,000 barrels per day (bpd) in 2019 and 2020, as well as fund future growth projects beyond 2019; A [Read more]