BOE Report

Rangeland Midstream Canada Begins Construction of Marten Hills Pipeline System

Rangeland Midstream Canada, Ltd. (”Rangeland Canada”), a wholly owned subsidiary of Rangeland Energy III LLC, today announced it has commenced the construction of its Marten Hills Pipeline System. The system consists of new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta. The Marten Hills Pipeline System will extend approximately 85 kilometres (52.8 miles), terminating at an interconnect with Plains Midstream Canada’s Rainbow Pipeline System, which [Read more]

ConocoPhillips Announces 38 Percent Increase in Quarterly Dividend; Expects to Repurchase $3 Billion of Shares in 2020; Reiterates Continued Commitment to Return More Than 30 Percent of Cash From Operations Annually Via Dividend and Buybacks

ConocoPhillips (NYSE: COP) today announced an increase in its quarterly dividend of 38 percent, to 42 cents per share. This represents an annualized increase in the dividend of approximately $500 million. The dividend is payable Dec. 2, 2019, to stockholders of record at the close of business on Oct. 17, 2019. The company also announced that it expects to repurchase $3 billion of its shares in 2020. “This increase in our ordinary dividend reflects the significant transformation our company [Read more]

Baker Hughes, a GE company Announces September 2019 Rig Counts

HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for September 2019 was 1,131, down 7 from the 1,138 counted in August 2019, and up 127 from the 1,004 counted in September 2018. The international offshore rig count for September 2019 was 242, down 2 from the 244 counted in August 2019, and up 38 from the 204 counted in September 2018. The average U.S. rig count for September 2019 was 878, down 48 from [Read more]

Imperial Oil Ltd. appoints new president; CEO R.M. Kruger announces retirement

The board of directors of Imperial Oil Limited is pleased to announce the appointment of B.W. (Brad) Corson as president, effective September 17, 2019. Chairman and chief executive officer, R.M. (Rich) Kruger, has declared his plans to retire at the end of December, 2019. Mr. Corson will assume the role of chairman, president and CEO of Imperial Oil Limited on January 1, 2020. “On behalf of the Imperial board of directors, I would like to thank Rich Kruger for his outstanding leadership and [Read more]

PwC Canada and Quorum Software to Accelerate Digital Transformation for Midstream Companies

New software and consulting will increase technology automation and efficiency for midstream companies. PwC Canada, a leader in providing advisory services, and Quorum Software, the leader in digital transformation for the oil and gas industry, today announced the signing of a Joint Business Agreement. Quorum and PwC Canada are collaborating on digital transformation initiatives for the midstream sector of Canada’s oil and gas industry. The new joint business agreement makes it possible for [Read more]

Baker Hughes, a GE company Announces August 2019 Rig Counts

Baker Hughes, a GE company (NYSE: BHGE) announced today that the Baker Hughes international rig count for August 2019 was 1,138, down 24 from the 1,162 counted in July 2019, and up 130 from the 1,008 counted in August 2018. The international offshore rig count for August 2019 was 244, down 11 from the 255 counted in July 2019, and up 32 from the 212 counted in August 2018. The average U.S. rig count for August 2019 was 926, down 29 from the 955 counted in July 2019, and down 124 from the [Read more]

Advisory: Chevron VP Presents Permian Performance Webcast at Barclays Conference

SAN RAMON, Calif.--(BUSINESS WIRE)--Jeff Gustavson, Vice President, Chevron North America Exploration & Production Mid-Continent Business Unit, will deliver a presentation to the Barclays 2019 CEO Energy – Power Conference Wednesday, September 4th, 2019 at 8:25 AM EDT. Gustavson will discuss Chevron’s performance in the Permian Basin in Texas and New Mexico. To access the live webcast, visit this link. Presentation materials and transcript will be available on Chevron’s investor relations page [Read more]

ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Tuesday, Oct. 29

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, Oct. 29, 2019 at 12:00 p.m. eastern time to discuss third-quarter 2019 financial and operating results. The company’s financial and operating results will be released before the market opens on Oct. 29. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register [Read more]

Imperial announces second quarter 2019 financial and operating results

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSX:IMO): Net income of $1,212 million, including a $662 million benefit from the Alberta corporate tax rate change Highest second quarter production in over 25 years, including record second quarter production at Kearl Cash generated from operations of $1 billion; $2 billion in the first six months, the highest since 2014 Returned $515 million to shareholders; renewed share purchase program for another [Read more]

ExxonMobil Earns $3.1 Billion in Second Quarter 2019

Upstream liquids production grows by 8 percent from a year earlier, driven by the Permian Basin Guyana resource estimate increases to over 6 billion oil-equivalent barrels; Liza Phase 1 nears startup U.S. Gulf Coast steam cracker exceeds design capacity by 10 percent, less than a year after startup August 02, 2019 07:30 AM Eastern Daylight Time IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation [Read more]