BOE Report

Shell delivers more Brazil deep-water production from Parque das Conchas

Third phase of major deep-water project delivered, optimizing production capacity HOUSTON, March 14, 2016 /CNW/ -- Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil's Campos Basin. Production for this final phase of the project is expected to add up to 20,000 barrels of oil equivalent per day (boe/d), at peak production, from fields that have already produced more than 100-million barrels [Read more]

Gina Krog Transaction Update

LONDON, March 14, 2016 /CNW/ - Sequa Petroleum N.V. (the "Company") is pleased to announce an update to its planned acquisition of a 15% interest in Gina Krog. This acquisition was announced on 19 October 2015.  Since then, the Gina Krog acquisition has received all necessary government approvals, and the Company's 100% subsidiary Tellus Petroleum A.S. ("Tellus") has been approved as a new Norwegian Continental Shelf's ("NCS") licence holder. Gina Krog is one of the NCS largest current [Read more]

Questerre recognized as top publicly traded emerging producer by EPAC

CALGARY, March 14, 2016 /CNW/ - Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) is pleased to announce that it was recognized as the top publicly traded emerging producer by the Explorers and Producers Association of Canada ("EPAC") for 2015. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We are honored by this recognition. The success of our Montney play delivered strong results last year, both in terms of cash flow and reserve [Read more]

Government of Canada conducts train derailment exercise to improve collaboration and response capabilities

MAPLE RIDGE, BC, March 12, 2016 /CNW/ - On March 12 and 13, 2016, Transport Canada and Defence Research and Development Canada (DRDC), an agency of the Department of National Defence (DND), will conduct Exercise Vulcan to improve Canada's response capabilities in the event of an incident involving a train carrying flammable liquids, such as crude oil. Rail operators, industry responders, remedial experts, as well as first responders from the Lower Mainland and Thompson-Okanagan regions of [Read more]

High Arctic Continues Year over Year Revenue and EBITDA Growth

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/ CALGARY, March 11, 2016 /CNW/ - High Arctic Energy Services Inc. (TSX: HWO) - "High Arctic" or the "Corporation" announces its results for 2015 with growth in in revenue of 22% to $209.9 million and 30% growth in Adjusted EBITDA to $64.0 million. Tim Braun, High Arctic's Chief Executive Officer, [Read more]

Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for April 15, 2016 Payment Date

CALGARY, March 11, 2016 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on  April 15, 2016 to all shareholders of record on March 22, 2016.  The ex-dividend date for this payment is March 18, 2016.  This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and [Read more]

Connacher Announces Process to Review Capital Structure and Deferral of Interest on the 12% Convertible Notes

CALGARY, March 11, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC – TSX; "Connacher" or the "Company") announced today that its Board of Directors has initiated a process to investigate, evaluate and consider possible financing and restructuring alternatives available to the Company and has formed a special committee to assist the Board in this process. Connacher does not intend to make any further announcements in respect of this matter unless and until its Board of Directors has approved a [Read more]

Imperial files regulatory applications for Cold Lake Expansion project

In-situ project will use solvent-assisted, steam-assisted gravity drainage technology Technology designed to reduce greenhouse-gas emission intensity, water use Imperial has successfully piloted technology at Cold Lake since 2010 CALGARY, March 11, 2016 /CNW/ - Imperial today announced the filing of regulatory applications with the Alberta Energy Regulator to seek approval of a new in-situ oil-sands project on its Cold Lake lease area. The proposed Cold Lake expansion project will use [Read more]

CWC Energy Services Corp. Announces Fourth Quarter and Year End 2015 Financial and Operational Results

CALGARY, March 10, 2016 /CNW/ - (TSXV: CWC) CWC Energy Services Corp. ("CWC" or the "Company") announces its financial and operational results for the fourth quarter and year ended December 31, 2015. Highlights for the Three Months Ended December 31, 2015 The three months ended December 31, 2015 was characterized by continuing concerns over the global oversupply of crude oil and regional oversupply of natural gas, amidst a growing concern over a potential slowdown in global demand. Crude [Read more]

Penn West Confirms Filing of its 2015 Year End Disclosure Documents

CALGARY, March 10, 2016 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE - PWE) ("Penn West", "we", "us" or "our") announces that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2015 and related Management's Discussion and Analysis.  Penn West has also filed its Annual Information Form for the year ended December 31, 2015, which includes the disclosure and reports relating to reserves data and other [Read more]