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TransCanada confirms layoffs by month end

Pipeline giant TransCanada confirmed more layoffs coming by month end. The job cuts come after the company laid off 185 employees back in June and cut senior management staff by 20%. The company said in a statement first reported in Global News: It will be up to the leadership teams to determine the appropriate resources and workforce needed for their business units...Falling oil prices and the current environment are having a profound impact on our customers and we must do all we can [Read more]

BOE Report reaches 110,000 users in October

The month of October proved exceptional for audience engagement and overall user growth for the BOE Report. Since first launching only two and a half years  ago, the BOE Report proudly has grown its user base to over 110,000 users. In October, the site reached 110,636 users and 477,659 unique page views, 75 per cent of which came from within Alberta. The BOE Report's userbase is strongly concentrated within oil and gas companies based in Calgary. Over 350 different oil and gas companies read [Read more]

Enerplus cuts 10% of Calgary staff

Enerplus Corp. announced on Monday that the company is laying off roughly 10 % of its 700 staff. This comes as Canada's oil-patch battles a lengthy decline in crude oil prices. As was recently reported in the Financial Post, "the approximate 70 job losses are mainly at the company’s head office in Calgary, according to Drew Mair, manager of investor relations, noting that the current economic environment and lower commodity prices has forced the industry to look for operational and cost [Read more]

BV Investment Partners Announces Investment in geoLOGIC systems ltd.

CALGARY, October 19th, 2015 – BV Investment Partners ("BV"), a middle-market private equity firm focused on the information and business services and communications sectors, today announced a major investment in geoLOGIC systems ltd. by acquiring the shares of Company founders Joe and Denise Harris.  The transaction was completed in partnership with the geoLOGIC's President and CEO, David Hood, who will retain his entire ownership interest in the Company. Founded in 1983 and headquartered in [Read more]

Trudeau calls former Liberal campaign co-chair letter to pipeline officials ‘inappropriate’

Liberal Leader Justin Trudeau has said that his former campaign co-chair Dan Gagnier's letter pushing for the Energy East pipeline to be built was "inappropriate," and that Gagnier has decided to step down from Trudeau's team for the "long-term future." Yesterday it was revealed that Gagnier has sent a detailed letter to five TransCanada Corp. executives behind the Energy East pipeline, outlining how they could best lobby a government (including a Liberal government) to have the pipeline [Read more]

Oil prices climb

According to MarketWatch, oil futures have risen today as Russia continues its military operations in Syria, raising concerns over the potential for a wider conflict that could disrupt the flow of oil in the region. For today, WTI is up 2.68% to $49.40. [Read more]

More layoffs at ConocoPhillips, Cenovus

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This week, both ConocoPhillips Canada and Cenovus Energy laid off more employees. While no firm numbers have been released by either company, reports suggest roughly 400 were let go from Conoco yesterday with approximately 40% of new grads (new within in the last year and a half) included. At Cenovus, no numbers have been released, but there is talk that layoffs occurred yesterday, and will continue today and Thursday. Both companies have already undergone layoffs this year. For [Read more]

BOE Report’s many features

In addition to the news stories published on BOE's homepage, the site offers users a variety of data features that are unique to the BOE Report. Through these various features, BOE has established itself as an indispensable source for the most relevant information pertaining to North America's oil and gas industry. And did we mention it's free? [Read more]

Report: ConocoPhillips said to be near deal to sell western Canada assets

ConocoPhillips, the third-largest North American oil and gas producer, is reportedly entered into a Purchase and Sale Agreement to sell several Western Canadian assets according to people with knowledge of the matter. Canadian Natural Resources is reportedly the buyer of such assets, according to Motley Fool Canada. The assets produce the equivalent of almost 35,000 barrels of oil and gas a day and include a net working interest in 2.4 million acres for future drilling Based on that, the [Read more]