BOE Report Staff

Canada’s active rig count came in at 194 this morning, an increase of 7 rigs compared to November 3. Alberta’s active rig count increased from 139 last Friday to 145 today, while Saskatchewan’s rig count held fast at 25. BC’s active rig count grew slightly, settling at 21 rigs today. With respect to target commodities, the number of oil rigs increased by 7 between November 3 and November 10, settling at 117 active oil rigs. The number of gas rigs increased by 1 over the same period, [Read more]

Kobold Corporation and Kobold Completions Inc. (“Kobold”) announce that in a ruling issued by the Federal Court of Canada on November 7 in relation to a patent infringement lawsuit brought by NCS Multistage Inc. (“NCS”) against Kobold, the Court ruled that Kobold was entirely successful in its defence and counterclaim. In a case that the trial judge agreed is “perhaps the most complex intellectual property matter before the Federal Court”, the court invalidated all the asserted claims in five [Read more]

Acquisition Opportunity BID DEADLINE: DECEMBER 13, 2023 AT 4:00 PM MST Trimble Energy Group (“TEG”) has been engaged by an Oilfield Services Company as its exclusive financial advisor and agent to assist with the sale of the shares of the Company or the sale of its assets (the “Opportunity”). OPPORUNITY OVERVIEW • Service Rigs Currently Used in Heavy Oil Operations. • Contracts in Place with Reputable E&P Clients. • Opportunity for Continued Growth. • Steadily Increasing EBITDA [Read more]

Ammonia has attracted a significant amount of interest in Canada, related to its potential role toward decarbonizing Canada’s future. Tune into Fluor’s upcoming webinar on Monday, November 27 at 10:00 a.m. MT to unpack opportunities regarding the deployment of ammonia production in Canada, including a discussion on technologies (green and blue hydrogen to ammonia), international perspectives, stakeholder engagement and production costs – and their relevancy in producing ammonia in the Canadian [Read more]