WTI gained 3.6% to $39.86 a barrel Thursday as the US dollar weakened after the Federal Reserve dampenened expectations for interest rate increases. This is in conjunction with major oil producers signaling a growing willingness to freeze output. Brent crude also rose 2.2% to $41.23 a barrel extending previous gains. Both WTI and Brent have recovered more than 40% since plummeting to multi-year lows at the start of 2016. The Wall Street Journal reported, "the gains follow a two-day policy [Read more]
Oil up as OPEC plans meeting
Oil prices rose about 4 percent on Wednesday, after major oil producers finalized plans to meet in Qatar to discuss an output freeze, US crude stockpiles grew less than expected, and gasoline demand climbed. Prices rebounded after a 5 percent fall this week after Qatari oil minister Mohammed Bin Saleh Al-Sada said producers from within and outside the OPEC will meet in Doha on April 17 to discuss output freeze plans. "Around 15 OPEC and non-OPEC producers, accounting for about 73 percent [Read more]
Sproule and GPMI Announce Collaboration on Oil, Gas and Natural Gas Liquids Price Forecasts as Part of Strategic Alliance
CALGARY, AB – March 14, 2016 – Sproule Associates Limited (“Sproule”) and Gas Processing Management Inc. (“GPMi”) are pleased to announce collaboration on the publication of oil, gas and natural gas liquids price forecasts as part of the Sproule-GPMi strategic alliance. Sproule has been providing price forecasts to the oil and gas industry for over 40 years for use in reserves and resources evaluations, M&A related due diligence and field development planning projects. The integration of [Read more]
BOEReport.com is an Official Media Partner for this year’s Global Petroleum Show
BOEReport.com is pleased to be an Official Media Partner for this year’s Global Petroleum Show. “With extensive real-time news and information on the energy industry and interactive drilling maps and property listings, BOEreport.com allows our event exhibitors, attendees, and partners to stay up to date on a variety of relevant topics to help their business maximize opportunities in the current economic climate,” says Aaron Wilson, Senior Marketing Manager for dmg :: events global [Read more]
ShaleTech™ Canada to offer the latest education on fracing and refracturing
Join ShaleTech™ Canada for an in-depth discussion on the business of refracturing plus technology developments in fracing. If you want to dive even deeper into refracturing plus earn continuing education units (CEUs), there's also an optional workshop available on April 18th, "Introduction to Refracturing Fundamentals," hosted by Tim Leschyshyn, President of FracKnowledge, and Val Weaver which offers 0.8 CEUs. BUSINESS DAY (APRIL 19) PANEL DISCUSSION REFRACTURING: PERCEPTION VS. [Read more]
Petronas is threatening to abandon a $36B LNG project over Canada’s new climate change rules
National Post's Western Business Columnist, Claudia Cattaneo, recently reported that "Malaysia's Petronas is frustrated that Prime Minister Justin Trudeau’s climate-change priorities are introducing new uncertainty for its proposed $36 billion Pacific NorthWest LNG project in northern British Columbia." Cattaneo adds, "and [they have] threatened to walk away if it doesn’t get federal approval by March 31, according to a source close to the project." As Trudeau prepares to attend the first [Read more]
Renting oilfield equipment helps producers cut costs and maximize revenues
In the current industry downturn, companies of all shapes and sizes are doing everything they can to cut costs and maximize revenues. How this is done varies from one company to another. But typically, the first thing management will look to do is trim the fat, so to speak. Efficiency is king. Upstream oil and gas companies feel the pain of low oil and gas prices directly. If there can be any unnecessary costs identified in producing the next barrel of oil, you can be sure those costs will be [Read more]
Global Petroleum Show Continues to Connect and Redefine the Energy Sector
Registration Is Now Open for Professionals Looking to Explore the Changing Energy Landscape CALGARY, ALBERTA- WHAT: Global Petroleum Show (GPS), one of the world's largest oil and gas networking events, is now open for registration. The annual event kicks off in Calgary, Alberta from Tuesday, June 7 to Thursday, June 9 at Stampede Park, and welcomes leading oil and gas companies, business partners, media and business analysts from more than 84 countries. With the theme of "Explore and [Read more]
Inclusive Energy assists clients in staying afloat during economic hardship
During this tough economic time, Inclusive Energy’s primary focus is to assist clients in staying afloat. Inclusive Energy is a specialized company focused on the sales and rental of oilfield equipment, as well as chemical storage and distribution. Headquartered in Calgary, the company has three facilities within Alberta and is proud to serve clients across Canada and the United States. “We have decided to offer our inventory at 50% off, and more so that companies are able to continue [Read more]
Phoenix Energy Marketing Consultants Inc. announces its spring offering of energy industry training courses
Phoenix Energy Marketing Consultants Inc. announces its spring offering of energy industry training courses in oil, NGL, and natural gas marketing. The company provides both general and in-house marketing courses. Current general courses include Introduction to Canadian Natural Gas Marketing, Introduction to Canadian Crude Oil Marketing, and Introduction to the Canadian NGL Industry. Corporate "In-House" Training Courses can include presentation materials tailored to corporate [Read more]
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