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Joe Oliver to decide on Northern Gateway by mid-June

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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

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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”

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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]

Canadian Oil Sands Announces 2013 Financial Results and a $0.35 per Share Dividend

CALGARY, ALBERTA--(Marketwired - Jan. 30, 2014) - Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) - All financial figures are unaudited and in Canadian dollars unless otherwise noted. Highlights for the three months and year ended December 31, 2013: Cash flow from operations was $392 million ($0.81 per Share) in the fourth quarter of 2013 compared with cash flow from operations of $418 million ($0.86 per Share) in the same quarter of 2012. For the 2013 year, cash flow from operations [Read more]

Timeline: Renegade’s battle with dissident shareholder FrontFour

After a lengthy battle with major shareholder FrontFour Capital, Renegade Petroleum today claimed victory over the dissident hedge fund after FrontFour announced its withdrawal of special meeting requisition to replace Renegade's board with a slate of its own. Here's a timeline of headlines from the feisty battle between the Calgary based oil and gas producer ad the Greenwich, Connecticut based hedge fund: Legacy Oil + Gas Inc. Responds to FrontFour’s Notice of Intent to Nominate [Read more]

The BOE Report now features a comment section

The BOE Report is pleased to announce that it features a comments section below selected stories. Please chime in with your thoughts, but keep comments relevant and respectful. Most recent stories with comment section: Neil Young calls oilsands development “greediest, most destructive, disrespectful” (video) Column: Opposition to pipelines comes down to fundraising Prentice: Keystone XL a "distraction" Column: New Brunswick derailment highlights rail vs pipeline [Read more]

REPORT: Futures show long-term oil price declining and gas price remaining flat

CALGARY, ALBERTA (January 3, 2014) – Deloitte’s Resource Evaluation & Advisory group released its current Canadian domestic oil and gas price forecast today, along with a stern word of caution for investors. Deloitte’s analysis of the trends in futures pricing since 2010 gives a strong indication that oil is on its way down, and that natural gas prices will remain flat as far out as 2021 and 2022. In the commentary accompanying Deloitte’s December 31, 2013 forecast, Andrew Botterill, [Read more]