WTI touched above $40 a barrel for the first time in two weeks Monday, erasing early losses as the US dollar faded and hopes rose for an agreement this week among state producers that look to reduce the global crude over supply. West Texas Intermediate was up to $40.60 a barrel on NYMEX, while the global Brent crude benchmark was up to $42.87 a barrel on the ICE Futures Europe Exchange. The Wall Street Journal reported "analysts said there appeared to be little direct reason for the gains [Read more]
Major pipeline projects popular with AB small business
Calgary, April 11, 2016 – The vast majority of entrepreneurs in Alberta want market access for the province’s natural resources to be a top priority, according to recent survey findings from the Canadian Federation of Independent Business (CFIB). The results come as Premier Notley made a pledge to promote getting a pipeline approved in her televised address this past Thursday. Independent business owners in Alberta were asked: Do you support or oppose the following proposed pipeline [Read more]
PrairieSky Royalty’s Lithic Mannville: Significant New Oil Opportunities
PrairieSky Royalty Ltd. has prepared a technical presentation on the updated Upper Mannville Lithic channel potential of the Southern and West-Central Plains of Alberta for Industry participants interested in pursuing an opportunity to develop this play on PrairieSky’s fee title lands. It will be focused on oil opportunities in the Glauconitic and Post Glauconitic as presented to the CSPG GeoConvention 2016. PrairieSky reserves the right to invite a selective group from those expressing [Read more]
Chevron cutting hundreds of jobs across North America
Oil giant Chevron has confirmed it is continuing to cut jobs across North America. Reports say the company is cutting 655 workers in Houston as well as several layoffs at the Calgary office according to CBC. The company released a statement yesterday: In light of the current market environment, Chevron continues to take action by revising organizational structures, increasing efficiencies and reducing expenses...As part of this, we have undertaken a previously announced workforce [Read more]
Visage Information Solutions rebrands to Verdazo Analytics
Visual data analytics pioneer in Oil & Gas plans expansion into U.S. market, other verticals under new name Calgary, Alberta — Bertrand Groulx, Co-Founder and President, today announced the rebrand of Visage Information Solutions to Verdazo Analytics. The company’s flagship product, formerly known as VISAGE, has been rebranded as VERDAZO. Verdazo Analytics provides visual data analytics software to enterprises looking to make smarter, faster decisions by revealing the hidden insights in [Read more]
International Heavy Oil Community Explores Strategies for the Future
CALGARY, AB – (March 30, 2016) - For the past ten years, World Heavy Oil Congress has been the largest gathering of heavy oil professionals from around the globe, where world leaders and international experts come together to share the latest insights of the industry, and despite the current economic climate, this year’s event is shaping up to be bigger than ever. “In the current economy, some companies have taken a step back,” said Vice-President of Energy from dmg Events, Miki Reeder, “but [Read more]
PNG Exchange New Properties
Centrica Energy Canada – SK & MB Fee Title Lease Auction: Bids due April 29, 2016 Kaiser Exploration Ltd. – Sylvan Lake, Niton, Markerville, Pembina, Willesden Green, Caroline, Crossfield East Canadian Natural Resources Limited – Senlac 2 Equus Exploration Inc. – Corporate Sale Fire Sky Energy Inc. – SW MB Woodnorth, SW MB Daly, SW SK Whitemud, SW SK Hoosier, Alameda TORC Oil & Gas – Pembina For property details visit pngexchange.com or open the PNG Exchange layer in [Read more]
Explore Your Industry & Develop Your Network at GPS16
Global Petroleum Show 2016 is one of the most diverse yet. Canada’s largest energy event continues to help the industry re-define itself and align to the energy industries new norm. The Global Petroleum Show (GPS) has been around for almost 50 years and during that time, it has seen its share of upturns and downturns in the oil and gas industry. What is constant is that the organizers have always found ways to innovate and stay relevant. “GPS is continually updating its focus to represent [Read more]
How the BOE Report can save you and your company money
During these difficult times, many companies have focused on a variety of cost-cutting initiatives. As a free source for news, activity and information, here are some ways the BOE Report can save you and your company money: Cancelling paid-for news sources (which can cost as much as $1,600 per year per employee). Have employees bookmark BOEReport.com and sign up for BOE Report Daily Digest Email (boereport.com/daily-digest-email/) The BOE Report well map [Read more]
Centennial Petroleum Company seeks completion opportunities
Centennial Petroleum Company is seeking oil and gas properties with cased well opportunities for completion or recompletion. The company is prepared to farm-in on or purchase quality opportunities. Centennial Petroleum Company is prepared to: Purchase your development opportunities Workover or recomplete your wells to earn interests Develop low risk, light oil assets Purchase an interest in your existing production Purchase royalty interests Contact information: Phone: [Read more]
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