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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]

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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]