BOE Report

Sustainable Development Technology Canada supports Validere, Xpansiv, Pacific Canbriam Energy, and Clearstone Engineering in pioneering low emissions gas

CALGARY, Alberta--(BUSINESS WIRE)--#ESG--Validere, a leader in bringing product data transparency to the oil and gas industry, announced that together with critical partners Xpansiv, Pacific Canbriam Energy, and Clearstone Engineering (“the partners”), they have received $1.2 million of support through Sustainable Development Technology Canada (STDC). The funding will accelerate the development of technology that supports the low emissions gas market in Canada and globally. Validere uses data [Read more]

Imperial announces plan to accelerate share purchases under normal course issuer bid

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that it plans to accelerate its share purchases under its normal course issuer bid (NCIB). The current NCIB allows Imperial to repurchase up to five percent of its 711,673,439 outstanding common shares as of June 15, 2021, or a maximum of 35,583,671 shares prior to June 28, 2022. This maximum includes shares purchased from Exxon Mobil Corporation (ExxonMobil) outside of, but concurrent with the NCIB to [Read more]

Shell offers new AI-powered applications through open AI energy initiative

REDWOOD CITY, Calif. & THE HAGUE, Netherlands - C3 AI (NYSE:AI) and Shell (NYSE:RDS) today announced three new Shell products that will be available through the Open AI Initiative (OAI), an open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries. The OAI, launched by C3 AI, Shell, Baker Hughes and Microsoft in February 2021, provides an open framework for energy operators, service & equipment providers, and independent software vendors to [Read more]

ConocoPhillips announces third-Quarter 2021 financial and operational results

HOUSTON - ConocoPhillips (NYSE: COP) today reported third-quarter 2021 earnings of $2.4 billion, or $1.78 per share, compared with a third-quarter 2020 loss of $0.5 billion, or ($0.42) per share. Excluding special items, third-quarter 2021 adjusted earnings were $2.4 billion, or $1.77 per share, compared with a third-quarter 2020 adjusted loss of $0.3 billion, or ($0.31) per share. Special items for the current quarter included a contingent payment from Cenovus associated with the 2017 Canadian [Read more]

Imperial announces third quarter 2021 financial and operating results

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO): Third quarter net income of $908 million Strong integrated performance and commodity prices generated cash flow from operating activities of $1,947 million and free cash flow1 of $1,688 million Highest third quarter production in over 30 years, driven by continued strong production at Kearl Downstream capacity utilization of 94% in the quarter, highest since the fourth quarter of 2018 Announced plans to [Read more]

Imperial declares fourth quarter 2021 dividend

CALGARY, Alberta - Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 27 cents per share on the outstanding common shares of the company, payable on January 1, 2022, to shareholders of record at the close of business on December 3, 2021. This fourth quarter 2021 dividend compares with the third quarter 2021 dividend of 27 cents per share. Imperial has a long and successful history of growth and financial stability in Canada as a leading member of the [Read more]

Imperial to hold 2021 third quarter earnings call

CALGARY, Alberta - Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2021 Third Quarter Earnings Call on Friday, October 29, following the company’s third quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts. Please click here [Read more]

Inclusive Energy announces it has immediate investment capital available and ready to deploy into the North American energy industry

CALGARY, Alberta - Inclusive Energy Ltd., a leader in the oil and gas services sector, is pleased to announce that it has significant private equity capital immediately available and ready to deploy as part of its ongoing initiative to diversify its investments in the North American energy and natural resource industries, including the upstream, midstream, infrastructure, oilfield services and renewables sectors. The capital fund is committed by Inclusive Energy alongside its global partners [Read more]

Baker Hughes and C3 AI Deploy Enterprise AI solutions at MEG Energy for improved efficiency of thermal production operations

HOUSTON & REDWOOD CITY, Calif. - Baker Hughes (NYSE: BKR) and C3 AI (NYSE:AI) today announced the successful deployment of the BHC3 Production Optimization enterprise AI application at MEG Energy, an Alberta, Canada-based energy company, to improve operational efficiency, productivity, and to better visualize risk across the company’s upstream production operations. MEG Energy leverages innovative technology to reduce energy and water use, along with greenhouse gas intensity, while [Read more]

Civeo Corporation announces share repurchase authorization

HOUSTON & CALGARY, Alberta - Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors has authorized the Company to repurchase up to 5% of its total common shares outstanding, or approximately 715,000 common shares, through the facilities of the New York Stock Exchange over the next twelve months. Civeo intends to fund repurchases through cash on hand and cash generated from operations. “Today’s announcement reflects our confidence in Civeo’s business and the future of [Read more]