BOE Report Staff

The energy financing landscape appears to be changing, with many of the world's largest financial institutions in North America abandoning climate change groups. The US appears to be leading the way in this regard, with many Canadian banks following suit.  While it's possible that some of this is due to the changing political landscape in the US, it's also possible that many of these institutions are simply taking the practical approach to financing energy projects, understanding that global [Read more]

In a hilarious (or not) statement about the ineptitude of energy policy in Canada, the CBC published an article and video that explain how banned Russian oil continues to make its way into Canada. Yes, Canada, the country with the world's 5th largest proven reserves. Yes, Canada, the country that has a history of energy projects being cancelled, that could have in theory eliminated the need for Russian oil. Yes, that Canada. See the CBC article at the link below: Banned Russian oil is [Read more]

Canadian energy stocks remained bitten by tariff concerns today, with the benchmark Canadian energy ETF (symbol XEG.to) underperforming the US energy ETF (symbol XLE) for the fourth day in a row. Over the four days of trading this week, Canadian energy stocks have underperformed their US peers by 8.3%, a four day stretch of underperformance not seen since the COVID lows in 2020. Figure 1 - XEG.to to XLE ratio  Chart courtesy of StockCharts.com With inauguration day on Monday in the [Read more]

Well servicing technicians are seeing it out in the field every single day.  Many of our oil and gas companies are missing out on low-hanging opportunities to save time, money, and resources while boosting production and revenue from their wells.  And the solution is so much easier to implement than you might think. What’s one small change you can make that can potentially have the largest impact? Simply having a smarter, more proactive approach to your well servicing and maintenance.  [Read more]

On January 7, 2025 – PakEnergy, LLC (PakEnergy), a digital transformation leader delivering business automation and performance optimization solutions for the energy industry, today announced the acquisition of Petrosight, Inc. (Petrosight), an innovative provider of advanced well management software. This acquisition reinforces PakEnergy’s position as a single-source provider of end-to-end well-lifecycle management solutions from site planning and construction to drilling, production, [Read more]

January 13, 2025 (Calgary, Alberta) - Five of the country’s largest energy-focused industry associations have formed a joint working group to support the push against the threat of a 25 percent tariff on all Canadian goods from the incoming U.S. President, Donald Trump. The Canadian Association of Petroleum Producers (CAPP), Pathways Alliance, Enserva, the Explorers and Producers Association of Canada (EPAC), and the Canadian Association of Energy Contractors (CAOEC) are working together to [Read more]