The price of oil fell slightly Monday following a drop in China’s manufacturing. Benchmark U.S. crude for May delivery was down 3 cents at $99.43 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 56 cents to $99.46 on Friday. Brent crude, used to set prices for international varieties of crude, fell 28 cents to $106.64 a barrel The preliminary version of HSBC’s purchasing managers’ index for China released Monday showed manufacturing dropped [Read more]
Laricina Energy Ltd. issues $150 million Senior Secured Notes to CPPIB Credit Investments Inc., and provides Operational Update
Laricina Energy Ltd. (“Laricina”) advises shareholders that it has completed the issuance to CPPIB Credit Investments Inc. (“CII”), a wholly-owned subsidiary of CPP Investment Board (“CPPIB”), of $150 million in 11.5% senior secured notes with a four year term (the “Notes”) pursuant to a trust indenture. “CPPIB has been a strategic financial investor in Laricina since its initial equity investment in 2010,” said Glen Schmidt, President and Chief Executive Officer of Laricina. “They are our [Read more]
New BOE Report industry activity map is set to revolutionize the oil and gas industry
CALGARY - Canada's fastest growing oil and gas news website has launched a new industry activity map that is set to revolutionize the industry's access to information. The creators of BOEReport.com have made a fully filterable display of all wells, licenced and spudded, in western Canada since 2010--and they did it for the best price: free! The map gives users the ability to filter several different criteria to limit wells. Using the BOE Report's Industry Activity Map users can quickly search [Read more]
Donnycreek Provides Wapiti and Kakwa Field Operations Update
CALGARY, ALBERTA--(Marketwired - Feb. 28, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) provides an operations update for its activities in the Wapiti and Kakwa areas. Wapiti Completion Operations Donnycreek is currently conducting completion operations on its horizontal middle Montney exploration well at 1-26-64-8 W6M (the "1-26 Well") and such operations are anticipated to be completed within the next 10 to 12 days. The Company's working interest in the [Read more]
Apache on the hunt for a partner in LNG export terminal
Apache is on the hunt for a partner in its LNG export terminal project. Speaking at an investor day conference, Apache's CEO said: “We can’t afford that...We’ve had serious discussions with a number of buyers, all in Asian markets.” Apache has already sold several assets across western Canada. See Apache's Canada presentation below: [Read more]
Joe Oliver to decide on Northern Gateway by mid-June
Natural Resources Minister, Joe Oliver, said on Tuesday he will decide whether to approve Northern Gateway by mid-June. On Dec. 19, the National Energy Board, recommended approving Enbridge's Northern Gateway pipeline. There's has been staunch opposition to the pipeline, though. First Nations groups and the BC government both oppose construction of the oil pipeline to the east coast. [Read more]
How Junior Companies Survive in the Exploration Wild: Interview with Blackbird
Only the fittest can survive in today's market for junior oil and gas companies, which must demonstrate a great deal of ingenuity in the balancing of risk and reward. Nothing but the most exceptional oil and gas projects will win capital, and, in the words of one junior, this means “finding plays before they are exciting.” Being a junior in this market means being the best of the best, or being shut out entirely. The question is: Who is up to this make-or-break challenge, and who has the secret [Read more]
Petronas to sell 25% stake in Progress
Petronas has agreed to sell 25% stake in Progress Energy to a state-owned Indian Oil Corp and an Asian gas buyer. “I am pleased to announce that we have just finalized a further 25 per cent equity participation from an Indian party and an established Asian LNG buyer,” the Malaysian corporation's president and CEO Shamsul Azhar Abbas said at a conference in Singapore. According to reports, state-owned Indian Oil Corp will acquire a 10% stake for $1 billion, marking IOC's entry into [Read more]
Introducing BOE Report Jobs – Canada’s Source for Oil & Gas Jobs
Grobes Media Inc. is pleased to announce the launch of BOE Report Jobs. The site will be the new source for oil and gas jobs in western Canada. Featuring a very simple and easily navigable interface, Jobs.BOEReport.com will focus on oil and gas jobs specifically in western Canada. Job seekers can filter jobs by several categories and criteria including job type (full-time, part-time, contract...), location and sector (engineering, G&G, field operations...). Job seekers can also sign up [Read more]
Obama plays down Keystone job numbers, says “we’ll take a look at it”
During a Super Bowl interview with Fox News host Bill O'Reilly, President Barack Obama seemed less than enthused with the prospects accompanying building the Keystone XL pipeline. When directly asked if he would approve it, Obama replied: "we'll take a look at it". During the interview, O'Reilly cited the pipeline would create a total of 42,000 jobs for the country--Obama dismissed the number, responding to the host: Well first of all, it’s not forty two thousand. That’s — that’s not, uh, [Read more]
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