Tetonka Resources Inc. (“Tetonka” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of certain non-core oil and natural gas interests located in the Alameda and Innes areas of southeastern Saskatchewan (the “Properties”). Average daily production net to Tetonka from the Properties in year 2023 was approximately 12 barrels of oil per day. Operating income net to Tetonka from the Properties for the fourth quarter of 2023 was approximately $31,000 or [Read more]
NeeStaNan Corridor Project – Announcement
The NeeStaNan group congratulates the Manitoba government in its support of railways and ports to Hudson Bay with its participation in the $60mm for the Arctic Gateway Group, which owns the Hudson Bay Railway and the Port of Churchill. Products to and from the Canadian prairies have been disadvantaged for years because of ineffective transportation to tidewater and international markets. The potential for expanding economic activity, including training and jobs in Manitoba is many billions [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Feb. 26 Journeyperson Electrician Strike Group Cranbrook Feb. 23 Journeyperson Pipefitter Strike Group Bonnyville Feb. 23 Apprentice Pipefitter Strike [Read more]
Calima Energy Limited – Blackspur Sale Settled
After announcing a trading halt yesterday, Calima Energy has announced the final settlement of its Blackspur sale to Astara Energy for a cash consideration of A$ 81.6 million (~C$72 million). Commenting on the sale, Calima's Chairman Glenn Whiddon said: "Despite the current shift by investors away from junior energy companies in Australia and the great work undertaken by the Calima and Blackspur team, it was difficult to achieve an appropriate valuation on the ASX. The sale of Astara [Read more]
CAPP forecasts capital investment for Canadian oil and natural gas sector to reach $40.6 billion in 2024
February 27, 2024 (Calgary, Alberta) - The Canadian Association of Petroleum Producers (CAPP) is forecasting capital expenditures for the upstream oil and natural gas sector will reach $40.6 billion in 2024, rising slightly from an estimated actual investment of $39 billion for 2023. “Upstream oil and natural gas producers are staying disciplined, with capital expenditures expected to remain stable in 2024,” says Lisa Baiton, CAPP President & CEO. “There is room for cautious optimism with [Read more]
Noralta’s Patented Approach to Tank Burner Reliability in Cold Environments
In the challenging landscape of oil field operations, companies in cold climates have long struggled with the effects of frozen orifices in tank burners. The consequential downtime, lost revenue, and maintenance headaches have been constant adversaries. However, with nSure, a groundbreaking solution overcomes the freezing orifice obstacle. Moisture present in the wet gas extracted from the ground contributes to the freezing of orifices during the combustion process, resulting in bottlenecks [Read more]
Calima Energy Limited – Trading Halt
Earlier today, Calima Energy Limited requested the implementation of a trading halt for its listed securities on the Australian Securities Exchange (ASX) under symbol CE1. The ASX subsequently granted the trading halt, which will remain in place until the earlier of: "the Company making an announcement to the market regarding the completion of the Blackspur Sale" "the commencement of trading on Wednesday 28th February 2024" Access the full press release here. As a reminder, the [Read more]
Engineering Firm Looking to Sublease – Calgary Downtown Core
Engineering Group looking for office space in the Downtown Core. Interested in subleasing approximately 10 offices with access to a board room and kitchen. Please contact teaganleone@gmail.com if you have a space that may work for our team. Preferably North of 9th Ave East of 6th street +15 Access [Read more]
Week in Review – Stock gainers/fallers and most read articles
Welcome to the BOE Report’s Week in Review! Did you miss something this week? We’ve got you covered. Check out any BOE Intel articles that you missed, and catch up on our most read articles from the week. We have also included the top gainers and fallers in the energy markets this week among our BOE Intel coverage list. TOP 5 GAINERS/FALLERS THIS WEEK Top 5 Gainers Company Ticker 7 Day Return Enerplus ERF.TO 7.67% Perpetual Energy PMT.TO 7.50% Whitecap [Read more]
Canadian Rig Count Summary – Active rig count drops to 221
Canada’s active rig count came in at 221 this morning, a decrease of 22 rigs compared to February 16 and the second consecutive weekly drop. Alberta was behind much of this decrease, with the province's active rig count dropping from 175 to 156. Saskatchewan’s rig count fell from 36 to 34, while BC’s active rig count held steady at 27. With respect to target commodities, the number of oil rigs dropped from 153 to 143 between February 16 and February 23. Similarly, the number of gas rigs [Read more]
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