BOE Report

Imperial to hold 2020 fourth quarter earnings call

CALGARY, Alberta - (TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2020 Fourth Quarter Earnings Call on Tuesday, February 2, following the company’s fourth-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 [Read more]

ExxonMobil announces emission reduction plans; expects to meet 2020 Goals

Greenhouse gas plans consistent with goals of Paris Agreement Sets 2025 greenhouse gas emission reduction plan: intensity of upstream emissions to drop by 15-20%; methane intensity by 40-50%; flaring intensity by 35-45% Aims for industry-leading greenhouse gas performance across its businesses by 2030 Plans to eliminate routine flaring by 2030; provide Scope 3 emissions beginning in 2021 Anticipates meeting 2020 methane and flaring reductions IRVING, Texas - ExxonMobil said today [Read more]

Chevron announces leadership changes

Al Williams Named Vice President, Corporate Affairs Paul Antebi Appointed Vice President and General Tax Counsel SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today named Al Williams vice president of corporate affairs, effective March 1, 2021. The company also appointed Paul Antebi vice president and general tax counsel, effective February 1, 2021. Williams, 52, succeeds Dale Walsh who is retiring after 38 years of distinguished service. Williams, currently [Read more]

Seven Generations Energy announces partial redemption of 6.875% unsecured notes due 2023

CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII) Seven Generations Energy Ltd. has issued a notice of partial redemption to holders of its 6.875% unsecured notes due 2023 (the “6.875% Notes”) to provide notice of its election to redeem US$180 million of the US$294 million aggregate principal amount currently outstanding on December 31, 2020 (the “Redemption Date”) at a redemption price of 101.719% of the aggregate principal amount of redeemed notes, or $1,017.19 per $1,000.00, [Read more]

Imperial provides update on unconventional portfolio

CALGARY, Alberta - Following annual review of its company business and strategic plan, Imperial (TSE: IMO, NYSE American: IMO) has re-assessed the long-term development plans of its unconventional portfolio in Alberta, Canada and no longer plans to develop a significant portion of this portfolio. The decision not to develop these assets will result in a non-cash, after-tax charge of approximately $0.9 billion to $1.2 billion in the company’s fourth quarter 2020 results. These non-core assets [Read more]

Imperial senior vice-president, commercial and corporate development, to retire

Theresa Redburn has announced her intention to retire after 35 years of service Sherri Evers appointed Vice-President, Commercial and Corporate Development effective January 1, 2021 CALGARY, Alberta - Imperial (TSE: IMO, NYSE American: IMO) announced today Theresa Redburn, Senior Vice-President, Commercial and Corporate Development has announced her intention to retire on January 1, 2021 after 35 years of service. The company also announced Sherri Evers has been appointed as [Read more]

NuVista Energy Ltd. provides third quarter operating results and provides 2021 guidance

CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2020 and provide an update on our future business plans. NuVista continued its decisive action in the face of a challenging year for all of industry, through the progression of our COVID-19 safe operating plan, and the significant reduction of capital, operating, and G&A spending to ensure liquidity and balance sheet protection remain [Read more]

Civeo Corporation announces 1-for-12 reverse share split

HOUSTON & CALGARY, Alberta - Civeo Corporation (NYSE:CVEO) (the “Company” or “Civeo”) announced today that its Board of Directors has approved the implementation of a 1-for-12 reverse share split of the Company’s common shares (the “Common Shares”). The Company’s shareholders previously approved a proposal authorizing the Board of Directors to implement the reverse share split at the 2020 annual meeting. The 1-for-12 reverse share split will be effective as of 5:00 p.m. Eastern Time on [Read more]

Seven Generations Energy releases third quarter 2020 results and 2021 guidance

Execution drives increase to midpoint of 2020 production guidance, 2021 budget targets stable production and free cash flow CALGARY, Alberta - Seven Generations Energy Ltd. (TSX: VII) THIRD QUARTER 2020 HIGHLIGHTS The company successfully completed its planned three-week turnaround and upgrade at the Karr plant and condensate stabilizer on-time and on-budget, while mitigating the impact to production volumes. Third quarter sales volumes were 168.9 Mboe/d (43% natural gas, 34% [Read more]

Murphy Oil Corporation announces third quarter 2020 operating and financial results

Expanded Hedge Coverage, Published 2020 Sustainability Report HOUSTON - Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the third quarter ended September 30, 2020, including a net loss attributable to Murphy of $244 million, or $1.59 net loss per diluted share. Adjusted net loss, which excludes discontinued operations and other one-off items, was $24 million, or $0.15 net loss per diluted share. Unless otherwise noted, the financial and operating [Read more]