BOE Report Staff

Advanced data solutions and business intelligence provider transacted first oil and gas royalties blockchain transaction using R3’s blockchain platform Corda CALGARY, Alberta GuildOne Inc. (GuildOne) is proud to announce that it has been working with R3 to transform the oil and gas sector with the ground-breaking innovation of GuildOne’s Energy Block Exchange (EBX) blockchain business network using R3’s blockchain platform, Corda, on Amazon Web Services (AWS). Corda is an enterprise-grade [Read more]

It’s no secret that times have been tough for the oil and gas industry. Low oil and gas prices, limited pipeline capacity, and regulatory uncertainty have caused operators to reexamine their policies, practices, and technology in attempts to cut costs. Despite these challenges, it is getting more and more difficult to continue cutting costs. In order to stay profitable, many companies are turning to the possibility of leveraging new technologies to improve operational efficiency. That’s why [Read more]

Western Canada’s fleet of drilling rigs decreased to a total of 196 according to data collected by Baker Hughes for the week of Novmeber 9th. From one week ago, Alberta rig counts went down 3 to 136. Saskatchewan's rig count remained at 37. Oil drilling went from 121 to 117; natural gas rigs increased from 77 to 79. View a full breakdown of western Canada’s rig activity. [Read more]

With the investment landscape in the oil and gas industry starting to shift, and more Canadian companies expanding to manage projects in multiple provinces, issues of indirect tax are becoming more prevalent.   Add the recent changes to GST/HST/PST, and oil and gas companies across Canada have had to re-assess their processes for moving equipment and resources across Provincial borders. Join BDO Canada's indirect tax expert Mitch LaBuick for a 30 minute webinar discussing some of the [Read more]

Why should you spend your scarce capital on abandonment and decommissioning activities today instead of waiting for the next up-cycle? Natural instinct of operators in the Western Canadian oil & gas market of the past few years has been to put every hard-earned dollar into increasing production and reserves. ELM Inc. would suggest that now is the time to actively manage your abandonments and decommissioning obligations. Asset retirement obligation (“ARO’s”) is a material issue for [Read more]

Access to Energy Resources has Immense Challenges in Winter Conditions. In late fall, wet, muddy conditions can slow down access to energy sources in Western Canada’s oil sands region—making access by heavy trucks and equipment nearly impossible. So, energy companies wait for frozen ground before ramping back up on production. Even in winter, access to remote oil sites creates challenges—undeveloped roads, poor soil conditions and limited road building resources. Companies have relied on [Read more]