BOE Report

Anti-Keystone billionaire releases series of negative ads

Anti-Keystone billionaire Tom Steyer's organization, NextGen Climate Action, has released a series of negative ads as part of a $1 million campaign to convince the American public against the Keystone XL pipeline. Below is the release courtesy PR Newswire: SAN FRANCISCO, Sept. 8, 2013 /PRNewswire-USNewswire/ -- NextGen Climate Action today began the first in a four-part, $1 million TV ad series designed for Sunday morning political shows. The first ad, "Who Profits From Keystone XL?" will [Read more]

TransCanada tries to sell merits of Energy East pipeline

  FREDERICTON - When it comes to people like Cyrille Simard, TransCanada has a challenge in selling the Energy East Pipeline project in New Brunswick.The mayor of Edmundston says he wants the company to guarantee the west-to-east pipeline, which could traverse his city of 16,000, won't harm the area's watershed."They gave us the assurance that it was understood that it is a very important issue and that they would take care of that by bringing some new scenarios of a route," Simard [Read more]

Oil tops $110 as jobs data ups hopes of continued Fed stimulus, Putin backs Syria

NEW YORK (AP) - The price of oil topped US$110 a barrel Friday as Russian President Vladimir Putin said his country will continue helping Syria even if it comes under attack.U.S. economic news also gave a boost to oil as the latest jobs data fuelled expectations that the Federal Reserve will keep its economic stimulus measures in place longer than expected.Benchmark West Texas Intermediate crude for October delivery rose $1.92, or 1.8 per cent, to US$110.29 a barrel in afternoon trading on the [Read more]

Calfrac buying Texas-focused company for$147M

CALGARY - Calfrac Well Services Ltd. says it will spend US$147 million to buy Mission Well Services LLC, a privately held hydraulic fracturing and coiled tubing services provider focused in Texas.Calgary-based Calfrac said Friday that the purchase includes about $7 million of working capital associated with the ongoing operations of the business.It also notes that the purchase will pre-empt a portion of its 2014 capital expenditure program, which is expected to include similar equipment.The deal [Read more]

Environmentalists say Alberta government keeping them out of oilsands hearing

  EDMONTON - Alberta environmentalists argued in court Thursday that the provincial government is keeping them out of hearings on a proposed oilsands development at least partly because of their concerns about the industry.The accusation emerged in court documents filed in support of the Oilsands Environmental Coalition's bid to have a judge overturn a decision by Alberta Environment's northern region director denying the coalition the chance to present its concerns in hearings on a [Read more]

Oil rises as U.S. economy improves

BANGKOK (AP) - Oil rose Thursday after new U.S. indicators underlined a modest recovery in the world's biggest economy.Benchmark oil for October delivery was up 72 cents to US$107.95 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell Wednesday by $1.31, or 1.2 per cent, to close at $107.23 a barrel on the Nymex.A jump in U.S. auto sales helped brighten the outlook for oil consumption. General Motors and other U.S. carmakers posted strong [Read more]

Mideast Oil Loses Some of its Power

On his way back from the Yalta conference in February 1945 where US President Franklin D. Roosevelt met with Great Britain's Winston Churchill and the Soviet Union's Stalin, the American president made an unscheduled stop in Egypt where he met with Saudi Arabia's King Abdel Aziz ibn Saud aboard the USS Quincy, in the Suez Canal's Great Bitter Lake. The basis of the meeting was to ensure that Americans would have an uninterrupted supply of oil. Oil in fact was the only thing that these two [Read more]

Keystone decision not likely until 2014

WASHINGTON (AP) - The fate of TransCanada's Keystone XL pipeline isn't likely to be determined until 2014, almost a decade after the Calgary-based energy giant first conceived of the project.The U.S. State Department said in a recent statement to the media that it won't release its final environmental assessment of the $7 billion pipeline until it's pored over and published more than a million public comments on its draft ecological analysis. Those efforts, ongoing since March, could be [Read more]

Oil prices remain above US$107 on Syria

(AP) - Oil prices were down slightly but still above $107 a barrel Tuesday as President Barack Obama's struggle to win support for U.S. military intervention in Syria diminished expectations of an imminent attack. By early afternoon in Europe, benchmark crude for October delivery was down 35 cents to $107.30 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.15 to close at $107.65 on Friday and Nymex floor trading was closed Monday because of Labor [Read more]

See what energy merger ranks in the Top 10 deals

(AP) - On Monday, Verizon Communications Inc. agreed to pay $130 billion in cash, stock and other considerations to acquire Vodafone Group’s 45 percent stake in the Verizon Wireless business. The deal, if finalized, will be the second largest acquisition on record. According to research firm Dealogic, here are the other top 10 merger and acquisition deals on record. Dates reflect when the deals were announced, not when they closed. — Vodafone AirTouch PLC acquisition of Mannesmann AG, $172 [Read more]