BOE Report Staff

Whether it’s for year-end financial reporting or the annual bank credit redetermination process, operators across the WSCB are finding they need to pay closer attention to how they assign value to asset retirement obligations, or ARO. Until now, the process of evaluating, tracking, managing, and reporting ARO would typically involve a tangle of spreadsheets, thousands of points of data, and several days or weeks of work per year. And still there would be no certainty or standardization across [Read more]

The Petroleum Services Association of Canada (PSAC) is expressing extreme disappointment with the decision by the Trudeau government to not accept the full slate of amendments for Bill C-69 proposed by the Senate following lengthy consultation with Canadians. Gary Mar, President and CEO of PSAC, says, “Bill C-69 in its current form will mean the end of pipeline infrastructure for Canada as no proponent would be prepared to make application or invest in the face of the uncertainty and risk [Read more]

Are you planning to take the API 1169, API 510, API 570 or API 563 exams and need help prior to the exams? We are bringing the CodeWest instructors to Calgary for the following sessions: API 1169 Pipeline Inspector Certification Training (4.5 days) $1,500 Cdn July 29 – Aug 2, 2019 (for API exams run Aug 16-30) API 510 Pressure Vessel Inspection Certification Training (8 days) $2,900 Cdn Aug 20 – 27, 2019 (for API exams run Sep 13-27) API 570 Piping Inspection [Read more]

OSY Rentals Ltd is pleased to announce the acquisition of the production tank rental assets from Clean Harbors Canada. This purchase will greatly increase the inventory of OSY relating to Positive Pressure Single Well Batteries, Flare Stacks and Knockout Tanks. OSY now has in excess of 110 Single Well Positive Pressure Production Packages, 150 Flare Stacks and 150 Knockout Tanks. Please feel free to learn more about the products we carry and how we may be able to be of service by giving us [Read more]

Capital Now began operations in 2007 and hasn’t looked back. Accounts receivable financing is the purchasing of accounts receivables at a discount. This is the business Capital Now is in. Businesses need capital to operate and to grow — and sometimes they need it before clients can pay for completed work. Also known as factoring, accounts receivable financing is a $130 billion industry in the US alone and allows a small or medium-sized business to get their money immediately. It’s a common [Read more]

SHOP TOOLS & EQUIPMENT, C-CANS, WELLSITE HOUSING SUPPLIES & COMMUNICATIONS EQUIPMENT AUCTION: HARPOON ENERGY WEDNESDAY, JUNE 19, 2019 @ 10:00AM SALE SITE:  329 Energy Way, Red Deer County, AB DIRECTIONS:  South End Gasoline Alley use Exit # 391, North on South East Service Rd. to Energy Blvd., Right on Energy Way Selling 700 Lots Including Sea Can Storage Containers, Pickup Truck Service Boxes, Shop Tools & Equipment, Wheeled Fire Extinguishers, Well Site [Read more]

Western Canada’s fleet of drilling rigs went up by 18 to 103 according to data collected by Baker Hughes for the week of June 7th. From last Friday, Alberta rig counts went from 56 to 63. Saskatchewan's rig count increased from 17 to 25. Oil drilling went from 44 to 59; natural gas rigs went from 41 to 44. View a full breakdown of western Canada’s rig activity. [Read more]

The United States is one of the only countries in the world to tax based on citizenship, which means if you’re a US citizen living outside the United States, you still have yearly IRS tax filing obligations. These tax filing obligations can be an expensive annual hassle (even if you owe no tax) and may even result in double taxation. Fortunately, properly renouncing your US citizenship can provide a way out. Many US citizens have questions regarding renunciation. The process can be complex, [Read more]