CALGARY - Canadian-owned refineries are expected to register higher profits as more U.S. Gulf Coast facilities are shut down due to ongoing extensive flooding from what's left of Hurricane Harvey. And some analysts say refinery outages in Texas that have already sparked higher gasoline prices in the United States and Canada will likely continue to affect North American fuel markets for months. "Gasoline prices moving higher, it does help all of the refiners," said Randy [Read more]
Archives for August 2017
Crude slips, gasoline jumps as storm shuts a fifth of U.S. fuel output
Crude oil slid and gasoline futures hit their highest since mid-2015 on Wednesday as flooding and damage from Tropical Storm Harvey shut over a fifth of U.S. refineries, curbing demand for crude while raising the risk of fuel shortages. Refineries with output of 4.1 million barrels per day (bpd) were offline on Tuesday, representing 23 percent of U.S. production, Goldman Sachs said. Restarting plants even under the best conditions can take a week or more. “It will be a while before operations [Read more]
Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2017
CALGARY, Aug. 30, 2017 /CNW/ - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) announces its financial and operating results for the second quarter of 2017. The full text of Manitok's second quarter results are contained in its unaudited and unreviewed condensed interim consolidated financial statements as at and for the three and six months ended June 30, 2017 and the related management's discussion and analysis, copies of which are available electronically on Manitok's [Read more]
XI Technologies – Regulatory Solutions Workshop
With over ten years of experience, XI Technologies (XI) provides the foremost suite of regulatory tools for the oil & gas industry. XI is hosting a complimentary workshop to provide an overview of these offerings: XI H2S Reports – Quickly assess a prospective drilling site for H2S Release Rate Potential. We provide the most reliable data to evaluate and calculate the potential H2S risks in your prospective locations. See blog post! H2S Complete – We take our H2S Reports a step [Read more]
Marksmen Energy Inc. Announces Consolidated Financial Result for 3 and 6 Months Ended June 30, 2017 and Update Regarding Private Placement
CALGARY, Alberta, Aug. 29, 2017 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (TSX-V:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and its wholly owned subsidiary Marksmen Energy USA, Inc. announces financial results for the interim 3 and 6 month period ended June 30, 2017 as well as an update regarding the current private placement. The following documents have been filed on SEDAR: Financial Statements Management’s Discussion and Analysis (“MD&A”) Form 52-109FV2 Certificate of [Read more]
Gasoline jumps 4 percent, oil mixed as storm hits more refineries
New York (Reuters) - U.S. gasoline futures jumped 4 percent while crude prices were mixed Tuesday after a hurricane shut down 16 percent of the country’s refining capacity, curbing fuel production and further bloating crude inventories. At least 3 million bpd of refining capacity is offline, or more than 16 percent of total U.S. capacity, based on company reports and Reuters estimates. The Gulf is home to nearly half of U.S. refining capacity. “Because that demand is gone that’s where the [Read more]
RPC, Inc. Announces Presentations at Upcoming Investor Conferences
ATLANTA, Aug. 29, 2017 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced its participations in two upcoming investor conferences. RPC will attend and make presentations at the Barclays CEO-Energy Power Conference in New York on Thursday, September 7th; and the 2017 Johnson Rice Energy Conference in New Orleans on Tuesday, September 26th. In both of these presentations, RPC's management will provide a corporate overview, discuss the Company's outlook and strategies under current market [Read more]
Court rules B.C. will have intervener status in Trans Mountain pipeline case
OTTAWA - The Federal Court of Appeal is allowing British Columbia to be an intervener in a legal fight against the Trans Mountain pipeline expansion, but with some conditions. Several First Nations and municipalities filed legal challenges against Ottawa's approval of the $7.4-billion project that would triple the capacity of the Alberta-to-B.C. pipeline and increase tanker traffic from the Vancouver area to the south portion of Vancouver Island. B.C.'s new NDP government, which [Read more]
Connacher Announces Q2 2017 Results
CALGARY, Aug. 29, 2017 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2017 ("Q2 2017") (all amounts are in Canadian dollars unless otherwise noted). Connacher has posted four consecutive quarters with positive netbacks and two quarters with positive adjusted EBITDA for the first time since 2014. Improved pricing, major cost structure reductions while maintaining high operational [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. Aug. 29 Business Analyst Pine Cliff Energy Ltd. Calgary Aug. 29 Supervisor (Fracturing Services) STEP Energy Services Red Deer Aug. 29 Service Writer (Fracturing Services) STEP Energy Services Red [Read more]
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