BOE Report Staff

Oil prices fell on Monday, depressed by concerns U.S. storage facilities will soon be full as the novel coronavirus pandemic destroys demand and as companies prepare to report their worst quarterly earnings since the 2008 financial crisis. The front-month May WTI contract fell $6.00, or 32.6%, to $12.41 a barrel. Brent was down $1.43, or 4.7%, to $26.98 a barrel. At one point, it dropped by 21% to $14.47 a barrel, the lowest since March 1999, but the U.S. sell-off was exaggerated by [Read more]

Canada’s fleet of active drilling rigs shrank from 35 to 30 since last week according to data from Baker Hughes. Total drilling count was 30 at April 17th. 7 rigs were drilling for oil; 23 for natural gas. The drilling activity in Alberta fell from 22 to 17 since last week. Saskatchewan’s drilling grew to 2 rigs. View a full breakdown of Western Canada’s rig activity. [Read more]

The Canadian Association of Oilwell Drilling Contractors is pleased with the Federal Government’s $1.7 billion commitment to the reclamation of abandoned wells at a time when workers in the oil and gas industry are struggling. An investment like this will put well-servicing companies back to work for an extended period, and will also employ many of the ancillary services related to well abandonment such as excavation and transportation companies. Additionally, steady service rig activity in [Read more]

Drakkar Energy Ltd. (“Drakkar”) and Blacksteel Energy Inc. (“Blacksteel”) (TSX-V: BEY) (collectively the “Companies”) have a combined 100% working interest (70% Drakkar, 30% Blacksteel) in an oil and natural gas asset in the Girouxville area of northwestern Alberta (the “Property”).  The Property is operated by Drakkar and is the sole asset of both Companies. The Companies have engaged Sayer Energy Advisors to assist with a joint sales process whereby Drakkar and Blacksteel intend to both [Read more]

As part of our ongoing commitment to provide our customers with the best data and tools to make effective operational decisions, GDM Pipelines is pleased to let you know about the release of Connectivity Manager…the latest addition to Converge! Converge Connectivity Manager is the simplest, most cost-effective connectivity solution on the market. Using a simple drag-and-drop interface, you can easily create system diagrams that represent your entire network of assets. With it, you can… [Read more]

Canada’s fleet of active drilling rigs shrank from 41 to 35 since last week according to data from Baker Hughes. Total drilling count was 35 at April 9th. 6 rigs were drilling for oil; 29 for natural gas. The drilling activity in Alberta fell from 29 to 22 since last week.  Saskatchewan’s drilling remained at 1 rig. View a full breakdown of Western Canada’s rig activity. [Read more]

First Nation owned and operated project management company officially launches High Level, AB - Headquartered in Bushe River, part of the Dene Tha' First Nation, Iron Horse Group Inc. is a technology driven Project Management company focused on the environment and people. Iron Horse Group provides numerous solutions that range from the treatment and reuse of water for industry, application of chemistry and various technical resource services such as remediation. “We are extremely proud and [Read more]

CALGARY, Alberta: dmg::events announces postponement of its flagship North American event, the Global Energy Show. The annual exhibition and conference were set to host more than 53,000 local and international delegates coming from more than 110 countries around the world and was Canada’s largest B2B tradeshow in 2019. The Global Energy Show has confirmed new dates for the exhibition and conference, which will now be June 8 – 10, 2021 in Calgary, Canada. “The decision to postpone was not [Read more]