CALGARY, ALBERTA (Jul. 15, 2019) – Karve Energy Inc. (“Karve” or the “Company”) is pleased to announce that it has closed the acquisition of High Ground Energy Inc. (the “Acquisition”) effective July 15, 2019. The Acquisition adds sweet, light oil-weighted Viking assets which are contiguous to Karve’s existing core area at Monitor, including approximately 2,000 boe/d of production (52% liquids). The Acquisition increases Karve’s dominant footprint in the Alberta Viking and enables near term [Read more]
Group releases video reinforcing all Canadians should be proud of their energy industry
A group called Proud To Be Canadian took a page out of Oklahoma's book and released an inspiring pro-Canadian energy video. The video promotes Canada's biggest industry which has helped create the modern world. Canadian energy, the nationwide oil and gas industry is something every Canadian should be rightfully proud of. Watch the video below courtesy Proud To Be Canadian: [Read more]
Oil gains on U.S. inventory drawdown, Gulf of Mexico storm
Oil prices rose more than 2% on Wednesday after industry data showed U.S. inventories fell more than expected and as major U.S. producers evacuated rigs in the Gulf of Mexico before a storm. U.S. West Texas Intermediate (WTI) crude futures climbed $1.28 to $59.11 by 1136 GMT, after hitting a session high of $59.31. Brent crude futures were up $1.42 at $65.58, but below a session high of $65.69. Data from the American Petroleum Institute (API) on Tuesday showed U.S. crude inventories [Read more]
Sinopec Canada: Buck Lake Duvernay Land Divestiture
Sinopec Canada (“Sinopec”) is looking to divest of its prospective Duvernay acreage in the Buck Lake Area of Alberta. Sinopec holds a 100% working interest in 24,320 acres (38 sections) of Duvernay rights in Buck Lake. Sinopec also has a 100% working interest in the 102/16-25-044-05W5/00 producing horizontal Duvernay well. Sinopec’s lands in the Buck Lake area are offset to the East and North by recent drilling activity by Kiwetinohk Resources Corp, Baytex Energy Inc. and Resourceful [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 Jul. 9 Electrician - Apprentice Strike Group Whitecourt Jul. 8 Plant Operators Roska DBO Grande Prairie Jul. 7 Board Coordinator - Corporate Secretarial [Read more]
Oklahoma produces a pro-oil video which Albertans take to heart
The Oklahoma Energy Resource Board produced a short, but powerful video to defend its state's primary industry. The video was published in response to an announced Green New Deal, which would decimate the US oil and gas industry. The video hits close to home for many Albertans, as it shows a sign of strength from a thriving Oklahoma oil industry in the face of adversity. The video is so relatable, simply substituting 'Oklahoma' for 'Alberta', and it'd become a perfect advocacy piece for [Read more]
Universal Geomatics Solutions Corp. becomes an Aboriginal Procurement Champion
As a Business Member of the Canadian Council for Aboriginal Business (CCAB) since 2013, Universal Geomatics Solutions Corp. (UGS) is proud to announce that it has become a CCAB Aboriginal Procurement Champion, supporting both UGS’s and the CCAB’s efforts towards economic reconciliation. “UGS supports Truth and Reconciliation and being a business that supports Indigenous inclusion in all aspects of our business is integral to our success and those we work with. We value our relationships with [Read more]
Alberta Government offers relief for shallow gas producers
Alberta's government is offering much needed relief to its struggling natural gas industry. In particular, municipal tax rates on shallow gas and pipelines will be reduced by 35%. Read the release below from the Alberta Government: The Government of Alberta is acting swiftly to provide urgent, timely tax relief for shallow gas producers in dire straits. Economic mismanagement from the previous administration combined with low commodity prices have left natural gas producers on the brink of [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 Jun. 28 Cybersecurity Relationship Specialist TC Energy Calgary Jun. 28 Director of Production Brunel Toronto Jun. 28 Store Manager Brunel Calgary Jun. [Read more]
Oil steadies on OPEC cuts, but oversupply fears persist
Oil prices steadied on Monday as OPEC extended supply cuts until March 2020 during a meeting in Vienna, but prices pared gains as oversupply worries continued to overshadow the market. The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil supply cuts until March 2020, three OPEC sources said, as the group’s members overcame their differences in order to prop up the price of crude amid a weakening global economy and soaring U.S. production. OPEC is slated to [Read more]
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