BOE Report

BOE Report Staff

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Lack of pipeline capacity costing Canadian oil producers billions: report

  OTTAWA - A new report estimates Canada is losing billions of dollars in unrealized revenues because of its inability to efficiently get its oil to foreign markets. CIBC economists project that the country will continue to lose on average $15 billion a year from the price differential between world oil prices and what its producers get for shipments mostly to the United States. That represents about five per cent of gross domestic economies of Alberta and Saskatchewan. The [Read more]

Alberta tabs oil veteran for regulatory role

  EDMONTON – The Alberta government has chosen an oil industry veteran to head up a new board in charge of monitoring environmental rules. Gerry Protti has spent his career with numerous oil and gas companies and is the founder of the Canadian Association of Petroleum Producers. Protti was selected after a national search for someone to lead the Energy Regulatory Board that is to enforce rules on non-renewable resource development. His term is for five years. [Read more]

Expected lifespan of Terra Nova oilfield expanded by seven years to 2027

  ST. JOHN'S, N.L. - Newfoundland and Labrador's offshore petroleum regulator says the life of the Terra Nova oil and gas field will be extended by seven years to 2027. The Canada-Newfoundland and Labrador Offshore Petroleum Board says upgrades completed by Suncor Energy (TSX:SU.TO) in January have allowed the field life to be extended from its original estimate of 2020. The upgrades made by the company include the replacement of flow lines at the field, which is about 350 [Read more]

ANNOUNCEMENT: New property sales featuring PNG Exchange listings

We're pleased to announce a new feature to the BOE Report's property sales: PNG Exchange listings. From PNGExchange.com: PNGexchange provides a web-based service to landmen and other oil and gas professionals looking to acquire or dispose of properties. PNGexchange.com benefits companies looking to divest properties by allowing the user to tailor their posting to their desire, while reaching the maximum number of interested parties in the marketplace. Conversely, it allows an acquiring [Read more]

TransCanada seeks binding commitments for project to pipe oil to Quebec, N.B.

  CALGARY – TransCanada Corp. (TSX:TRP) has begun seeking firm commitments from parties interested in new capacity for piping oil from the West to the eastern provinces. The Energy East Pipeline project will involve 3,000 kilometres of existing natural gas pipeline converted to carry crude and 1,400 kilometres of new pipeline. The proposed system could stretch as far east as Saint John, N.B., where Irving Oil has a major refinery. It’s one of two proposals for moving oil from [Read more]

Terra Energy Releases 2012 Year-End Financial Results and Reserves Evaluation

CALGARY, ALBERTA--(Marketwire - April 1, 2013) - Terra Energy Corp. ("Terra" or the "Company") (TT.TO) announces its 2012 audited consolidated financial statements, management's discussion and analysis and its reserves evaluation, as prepared by GLJ Petroleum Consultants Ltd. ("GLJ") at December 31, 2012 (the "GLJ Report"). The Company's focus for 2012 was centered on the disposition of mainly non-producing assets during a period of continued low natural gas prices. The Company's 2012 [Read more]

Shoreline Energy Corp. Announces Financial and Operating Results for the Quarter and Year-Ended December 31, 2012

CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Shoreline Energy Corp. (SEQ.TO) ("Shoreline" or the "Corporation") is pleased to announce its 2012 year-end financial and operating results. A complete copy of the Company's financial statements along with management's discussion and analysis may be obtained at www.sedar.com or on the Company's website at www.shorelineenergy.ca. Fourth Quarter 2012 Financial and Operating Highlights Corporate Record annual revenue of $19.1 million, [Read more]

Waldron Energy Corporation Announces 2012 Year End Results, 2012 Year End Reserves, Operations Update and Provides Update on Property Disposition Process

CALGARY, ALBERTA--(Marketwire - Apr 1, 2013) - Waldron Energy Corporation ("Waldron" or the "Corporation") (WDN.TO) is pleased to announce its financial and operational results for the year and three months ended December 31, 2012. The Corporation's audited year-end financial statements and Annual Information Form ("AIF") including a statement on reserves data and other information specified in NI 51-101 are available for review at www.sedar.com and on the Corporation's website at [Read more]

Donnycreek Announces the Appointment of Vice President, Engineering

CALGARY, ALBERTA--(Marketwire - April 1, 2013) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that Mr. John (Jack) Marsh, P.Eng. has been appointed Vice President, Engineering effective April 1, 2013. Mr. Marsh has been in the oil and gas business for over 36 years primarily in a reservoir and production engineering capacity. More recently, Mr. Marsh was Vice President, Engineering of a Canadian public junior oil and gas company and President of a private [Read more]

THERE THEY GO AGAIN: Environmental groups say leak from ExxonMobil pipeline shows why Keystone should be rejected

  CALGARY — A crude oil leak from an ExxonMobil pipeline in Arkansas comes at a particularly bad time for the Canadian company looking to build the contentious Keystone XL pipeline through the American heartland. TransCanada Corp. (TSX:TRP) hopes it is in the home stretch of a years-long process to win U.S. government approval for its multibillion-dollar project, which has been assailed by environmental groups for its potential impact on everything from fresh water sources to climate [Read more]