BOE Report

Archives for 2016

Alta Mesa Announces First Quarter 2016 Earnings Conference Call

HOUSTON, May 09, 2016 (GLOBE NEWSWIRE) -- Alta Mesa Holdings, LP announced today that it will report first quarter 2016 financial results on Friday, May 13th, 2016. Alta Mesa invites you to listen to its conference call to discuss these results on that date at 1:00 p.m. Central time. If you wish to participate in this conference call, dial 888-347-8149 (toll free in US/Canada) or 412-902-4228 (no conference ID is required). A webcast of the call and any related materials will be available on [Read more]

Tallgrass Energy GP, LP Appoints New Board Member

LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy GP, LP (NYSE: TEGP) ("TEGP") today announced that W. Curtis Koutelas has been appointed to the Board of Directors of TEGP's general partner and to the Board's Audit Committee, effective May 11, 2016. Mr. Koutelas founded Arrowhead Contracting Inc. in 1990 and has served as its President for the past 26 years. Arrowhead provides general construction, remedial construction, environmental engineering, [Read more]

Veresen Comments on FERC’s Issuance of a Tolling Order in Response to Jordan Cove LNG and Pacific Connector Rehearing Request

CALGARY, ALBERTA--(Marketwired - May 9, 2016) - Veresen Inc. ("Veresen") (TSX:VSN) has received notice from the Federal Energy Regulatory Commission ("FERC") that it has issued an Order Granting Rehearing for Further Consideration (the "Order") in response to the request for rehearing submitted on April 8, 2016, by Jordan Cove Energy Project, L.P. and Pacific Connector Gas Pipeline, LP. The Order, often referred to as a tolling order, is granted by FERC for the limited purpose of noting that [Read more]

Statoil’s Leismer thermal oilsands project closes as fire stops pipeline

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CALGARY - When energy company executives meet Tuesday with Premier Rachel Notley, they should urge the Alberta government to do whatever it can to facilitate the return of their employees in the wake of the wildfire that has devastated Fort McMurray, observers say.CEO Mark Ward of Syncrude Canada and Steve Laut, president of Canadian Natural Resources Ltd., will be among those meeting Notley in Edmonton to discuss how to get the oilsands industry back on track following the evacuation of 80,000 [Read more]

Inter Pipeline Announces Strong First Quarter 2016 Financial and Operating Results

CALGARY, ALBERTA--(Marketwired - May 9, 2016) - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL) announced today strong financial and operating results for the three month period ended March 31, 2016. First Quarter Highlights Generated funds from operations (FFO)* of $186 million, a five percent increase over first quarter 2015 FFO for the bulk liquid storage business segment set a new record of $31 million, an increase of 53 percent compared to the first quarter 2015 Net income [Read more]

Effect of oil price shock still unfolding but economy coping well so far: IMF

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TORONTO - Canada's economy has coped well with a shocking decline in oil prices but the country's central bank and federal government should remain prepared to do more if the need arises, an International Monetary Fund analysis released Monday has concluded.Cheng Hoon Lim, head of the IMF's annual review of Canada's economic performance, said it's too soon to calculate the impact of the Alberta wildfires that have devastated a huge area including parts of Fort McMurray."We need to see the extent [Read more]

Low oil prices, global economic uncertainty and domestic consumer debt worries weighing on Canadian economy

OTTAWA, May 9, 2016 /CNW/ - The decline in commodity prices, subpar global economic growth and overstretched Canadian consumers will limit Canada's real GDP growth to 1.6 per cent in 2016, according to The Conference Board of Canada's Canadian Outlook: Spring 2016. While modest, this is an improvement over last year's growth of 1.2 per cent. "The decline in energy prices has stripped more than $50 billion in export revenues from the economy, and it will take time to recover," said Matthew [Read more]

How OPEC’s price collusion works against them

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Recent claims that the US is now a swing producer have been cast aside by many industry commentators. The ability to ’swing’ prices, requires market share, and while averaging 9 million barrels a day is no small feat, total US crude production captures a mere 11% of the global market. OPEC production, on the other hand, captures roughly 43%. By canonical economic models, OPEC is much better poised to dictate where the price of crude oil will go than will US shale producers drilling in the [Read more]

Suncor Energy provides RMWB operations update

CALGARY, ALBERTA--(Marketwired - May 8, 2016) - Suncor provides the following update regarding the situation in the Regional Municipality of Wood Buffalo (RMWB). Suncor safely moved over 10,000 people, including employees, their families and Fort McMurray residents, out of the region; shut down its RMWB operations in a controlled manner to facilitate a quick and reliable start-up and worked with government to enhance fire protection measures in the region, including building firebreaks to [Read more]

Athabasca Oil Corporation Reports 2016 First Quarter Results and Director Appointment

CALGARY, ALBERTA--(Marketwired - May 6, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") is pleased to provide its 2016 first quarter results and an operations update. The Company continues to advance significant strategic and operational milestones in both its Light Oil and Thermal Oil divisions despite exceptionally challenging external market conditions. Q1 2016 operating and financial highlights - Corporate production averaged 13,348 boe/d (76% liquids), an [Read more]