BOE Report

BOE Report Staff

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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]

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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]

Strike Group Inc. and TriWest Capital Partners Announce Partnership

CALGARY, Sept. 30, 2015 - Strike Group Inc. (including subsidiaries Strike Energy Services Inc., Strike Projects Ltd., Strike Industrial Ltd., Strike Electric & Instrumentation Ltd., SSG Developments Ltd., Strike Management Ltd. and Bob Dale Oilfield Services Ltd.) and TriWest Capital Partners (“TriWest”) are pleased to announce their partnership effective September 30, 2015. The partnership will operate under the name Strike Group Limited Partnership (“Strike Group”) and will provide the [Read more]

geoLOGIC & CAPLA announce partnership, McCuaig-Boyd to present at Lunch n Learn

geoLOGIC systems and the Canadian Association of Petroleum Land Administration (CAPLA) are proud to announce a brand new partnership where geoLOGIC will be the leading sponsor of CAPLA’s 2015-16 Lunch ‘n Learn series. geoLOGIC’s partnership will directly impact CAPLA’s ability to enhance skill development and technical expertise among land professionals, provide educational resources and tools, disseminate the latest industry information, and provide valuable opportunities for mentoring and [Read more]

Upstream industry seeks cost reductions of 20-30% but additional measures as well as supply chain savings are required

EDINBURGH/HOUSTON, 21st September 2015 – In a comprehensive analysis looking at the impact of cost deflation on the global upstream oil & gas sector, Wood Mackenzie concludes that while operators are seeking an average cost reduction of 20-30% on projects, supply chain savings through squeezing the service sector will only achieve around 10-15% on average. In order to ensure projects are economically viable, operators will also need to focus on project optimisation and adopt smarter ways of [Read more]

WATCH: Thomas Mulcair leaves diesel campaign bus running throughout debate

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Stephen Harper like to point the many hypocrisies of Mulcair's platform. Whether it is creating jobs while while simultaneously raising corporate tax rates, or maintaining a federal surplus while increasing government spending, Mulcair seems to think he can have his cake and eat it too. Whenever, it seems, Harper or even Trudeau questions these hypocrisies, Mulcair gets upset. And because of this, it becomes apparent as to why the national media now likes to refer to Mulcair as 'Angry [Read more]

Harper calls out Federal and Alberta NDP during leaders debate, calls for lower taxes to help oil industry

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During Thursday night's Federal debate, Prime Minister Stephen Harper called out the federal and provincial NDP's harsh policies towards western Canada's oil industry. He slammed both NDPs' plans to sharply increase taxes on Alberta's struggling oil and gas industry and called for lower taxes to spur economic growth and job creation. Watch the 1st video below of Harper criticizing the Federal NDP plan to increase taxes on the oil industry and the 2nd video below to see Harper talk about [Read more]