U.S. oil producers are continuing to return to the shale patch. Rigs targeting crude capped their first five-week gain since August, rising by 3 to 374 in the period ended July 29, according to Baker Hughes Inc. data released Friday. Prices have climbed from a 12-year low in February, prompting American firms to expand drilling after idling more than 1,000 oil rigs since the start of last year. [Read more]
Global Energy Leaders Meet in Calgary to Analyze the Future of Hydrocarbons
8th World Heavy Oil Congress to focus on connecting the industry for a leaner and fitter future CALGARY, CANADA – (July 29, 2016) - For the past ten years, World Heavy Oil Congress has continued to be the largest gathering of heavy oil and oil sands professionals from around the globe, where world leaders and international experts come together to share the latest insights of the industry. This year, the event will focus on best practices, technology and collaboration as the industry works [Read more]
Interview With Jason Kenney
BOE Report publisher, Josh Groberman had he opportunity to interview Jason Kenney about his upcoming bid for the PC leadership. Kenney made the news recently with his jump from federal politics, where he was in office for nearly 20 years (including as Minister of National Defence), to the provincial scene where he announced his candidacy for the PC party leader under the banner of uniting conservatives from PC and Wildrose into one party. Have a listen to Jason plan to accomplish this and [Read more]
Are you planning for $40 oil?
Planning for the second half of the year is challenging for operators and service companies. Suppliers are trying to understand how demand will change for product and services. The industry is monitoring, watching, and clinging to oil prices, rig counts, and other industry metrics closely. Market signals show negative and positive signs depending on the interpretation. In the last several weeks, operators putting rigs to work is a positive sign for oilfield service and driller [Read more]
Northern premiers confirm united stance against carbon price
WHITEHORSE—The premiers of Yukon, the Northwest Territories and Nunavut are once again stating that the implementation of a carbon tax would have a negative impact on the quality of life in the North. Further, Canada’s climate change goals must be conducted in a way that does not negatively impact northern costs of living, undermine food security or threaten emerging economies. Climate change is having a disproportionate effect on northern communities and Northerners are already having to [Read more]
Encana CEO: No more job cuts planned
Encana's CEO, Doug Suttles said in a BNN interview that they have 'no plans' of cutting more jobs at the company. This despite the company saying some of its key expenses will be US$100 million less than the previous estimate and savings will be continued into 2017. Encana had a US$601 million loss in the second quarter but says the latter part of 2016 is shaping up better than expected. EThe company expects to get US$1.1 billion of proceeds from two asset sales that will close by the end [Read more]
PNG Exchange New Properties
Apache Canada Ltd. – Nevis/NGL/Leduc, Ante Creek/Simonette Montney Elcano Exploration – Ceylon Canadian Natural Resources Limited – Pendor Fee Block, Taber Fee Block, Muddy Lake, Winter SK TORC Oil & Gas – Rosevear, Carrot Creek Intermediate E&P – Bilbo: Cardium & Mannville rights available, Ansell: Cardium & Mannville rights, Columbia: Cardium, Belly River & Viking rights For property details visit pngexchange.com or open the PNG Exchange layer in geoSCOUT’s [Read more]
RiggerTalk helps people locate oilfield services, equipment, and job opportunities
The RiggerTalk Oilfield Directory is a quick and easy way for anyone to locate oilfield services, oilfield equipment, oilpatch job opportunities and events from any desktop or mobile device - completely free of charge. However, only RiggerTalk members are able to post services and ads to the site. Users benefit by reaching a targeted audience to extend their marketing, job placement, and promotion efforts. Fairly new to the marketplace (launched February 2015), already the RiggerTalk [Read more]
Read Canada Action’s letter to Rachel Notley opposing extreme anti-oil activists on the Oilsands Advisory Panel
Dear Premier Notley, While we support your government’s action taken to establish an Oil Sands Advisory Group, headed by former CAPP CEO David Collyer, to provide recommendations on how to best responsibly develop our most valuable resource while meeting your climate change goals, our support is not unequivocal. Three members of the panel, including one named co-chair, are professional anti-oilsands activists who play key roles in organizations with expressed goals of preventing new [Read more]
Here’s where you can tell the federal Government your thoughts on the Trans Mountain Expansion
The Government of Canada has set up a Ministerial Panel to hear from Canadians on the Trans Mountain Expansion Project. As part of these engagement efforts, the Government of Canada has launched an online questionnaire for Canadians to submit their feedback on the project. The feedback that the Ministerial Panel receives will help inform the Government’s final decision on the project, expected later this year. Follow the link below to voice your thoughts on the Trans Mountain Expansion [Read more]
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