BOE Report

Out-of-this-world technology could help oil sands take giant leap forward in reducing CO2 emissions

CALGARY, Alberta - A Calgary company’s leading-edge technology – originally used by NASA to search for life on Mars – is coming down to earth to help reduce greenhouse gas emissions in the oil sands. Impossible Sensing Energy edged out competitors from around the world in a Pathways Alliance global challenge to find a key piece of measurement equipment that will help accelerate the widescale use of steam-reducing technologies in oil sands operations. “We take great pride as a Canadian [Read more]

Cardinal Energy Ltd. announces monthly dividend for January

CALGARY, Alberta -  Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) confirms that our January dividend of $0.06 per common share will be paid on February 15, 2023 to shareholders of record on January 31, 2023. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an "eligible dividend" for Canadian income tax purposes. About Cardinal Energy Ltd. Cardinal works to continually improve its Environmental, Social and [Read more]

Cenovus Energy provides update on Downstream operations

CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing an update on its Downstream operations following recent extreme winter storms and severe cold temperatures at the company’s U.S. and Canadian refining operations, coupled with unplanned operational challenges and third-party pipeline outages, which impacted refinery throughput and operational availability. Cenovus’s priority remains the safety of its people and the reliability and integrity of its operations. The [Read more]

Equinor ASA: Share buy-back

Please see below information about transactions made under the share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR). Date on which the fourth tranche of the share buy-back programme for 2022 was announced: 28 October 2022. The duration of the fourth tranche of the buy-back programme for 2022: 31 October to no later than 27 January 2023. Size of the buy-back programme: Up to 75,000,000 shares, with a maximum total consideration for the fourth tranche: USD 604,890,000. From 2 [Read more]

Shell fourth quarter 2022 update note

The following is an update to the fourth quarter 2022 outlook and gives an overview of our current expectations for the fourth quarter. Impacts presented may vary from the actual fourth quarter 2022 results and are subject to finalisation of those results, which are scheduled to be published on February 2, 2023. Unless otherwise indicated, all outlook statements exclude identified items. Integrated Gas Outlook ($ million) Comment Adjusted EBITDA: Production [Read more]

Detailed evaluation to begin on Pathways Alliance proposed carbon storage hub

CALGARY, Alberta - The Pathways Alliance, representing Canada’s largest oil sands producers, has entered into a Carbon Sequestration Evaluation Agreement with the Government of Alberta. The agreement enables the Alliance to immediately start a detailed evaluation of its proposed geological storage hub which would be one of the world’s largest carbon capture and storage (CCS) projects. This will help further assess the geological characteristics and properties of the deep underground CO2 [Read more]

Peyto Announces Leadership Update

CALGARY, Alberta, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") announces today that, as previously disclosed, Mr. Jean-Paul Lachance has assumed the position of Chief Executive Officer on January 1, 2023. Peyto is also pleased to announce that Mr. Lachance was appointed as a member of the Board of Directors of the Company effective January 1, 2023. Mr. Darren Gee, who retired as Chief Executive Officer on January 1, 2023, [Read more]

International Petroleum Corporation announces results of normal course issuer bid and updated share capital

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 85,800 IPC common shares (ISIN: CA46016U1084) during the period of December 19 to 30, 2022 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s NCIB, announced on December 1, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 [Read more]

Marksmen announces closing of extension of debenture

CALGARY, ALBERTA - Marksmen Energy Inc. (“Marksmen” or the “Company”) is pleased to announce that it has closed the extension with the holder (the “Holder”) of its non-convertible secured debenture (“Debenture”) so that the Debenture now expires on December 31, 2024. In connection with the extension, the Company has granted an additional 1,500,000 warrants to the Holder to acquire 1,500,000 common shares of the Company for an exercise price of $0.13 per share expiring December 31, 2024. All [Read more]

Canadian Spirit Resources Inc. Resumes Production at Farrell Creek, Northeast British Columbia

CALGARY, Alberta, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Canadian Spirit Resources Inc. (“CSRI” or the “Corporation” (TSXV:SPI) (OTCBB:CSPUF) is pleased to announce that production from its joint venture Montney wells at Farrell Creek/Altares was restarted on December 16, 2022. The Farrell Creek natural gas processing facility and associated Montney wells experienced a shut down related to cold weather on November 9, 2022. Current average production is approximately 5.0 Mmcf/d with CSRI’s 35% [Read more]