Access to Energy Resources has Immense Challenges in Winter Conditions. In late fall, wet, muddy conditions can slow down access to energy sources in Western Canada’s oil sands region—making access by heavy trucks and equipment nearly impossible. So, energy companies wait for frozen ground before ramping back up on production. Even in winter, access to remote oil sites creates challenges—undeveloped roads, poor soil conditions and limited road building resources. Companies have relied on [Read More…]
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Cardium Light Oil, Drill Ready Prospect Available to Industry
Highlights: 12.5 sections (8,000 gross acres; 7,552 net). Average working interest across all lands is 94%. 100% owned existing surface lease with facilities and adjacent high grade road & NG pipeline tie-in, including a vertical Cardium Fm. producing oil well (7-12-59-25W5) Pad drilling from up to 5 existing surface leases allows for up to 23 horizontal locations (@ 4 wells per section spacing) with year-round access. Infrastructure and available capacity also in place. [Read More…]
Recover Announces Successful Start Up of the Lodgepole Oilfield Waste Management Facility
Calgary, Alberta – November 14, 2018 – Recover Energy Services Inc. (“Recover”), is pleased to announce the opening of its first Oilfield Waste Management Facility in Lodgepole, Alberta. This facility is the culmination of ten years of research and development and will offer upstream oil and gas companies a cost competitive and more environmentally sustainable alternative to Class II landfills. This facility will provide a valuable service for our customers in the region and serve as [Read More…]
Husky Energy Deploys Ambyint’s AI Technology across Rainbow Lake Field and Demonstrates Impact That IIoT Can Have on Operational Excellence in Oil & Gas
CALGARY, Alberta--(BUSINESS WIRE)--#AI--Ambyint, the emerging leader in AI-driven artificial lift and production optimization, in conjunction with Spartan Controls, Western Canada’s leading provider of industrial automation, today announced Husky Energy’s commitment to deploy its technology on all its wells in Rainbow Lake. The announcement comes after successful pilot deployments of Ambyint’s IIoT (Industrial Internet of Things) -enabled edge controllers and leading to full field [Read More…]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title Company Location Nov. 13 Business Systems Analyst- Accounting & Finance ARC Resources Calgary Nov. 12 Senior Tax Analyst TransCanada Calgary Nov. 9 New Graduate Business [Read More…]
Zargon Oil & Gas Ltd. Provides 2018 Third Quarter Results
CALGARY, Alberta, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX SYMBOLS: ZAR; ZAR.DB.A). FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2018) Funds flow from operating activities of $1.93 million compared to $0.58 million recorded in the prior quarter, and $1.76 million reported in the third quarter of 2017. The increase from the prior quarter is primarily due to the expiration of our hedges on June 30, 2018, which had [Read More…]
WTI plunges 7% to one-year low, settling at $55.69 and extending record losing streak
Oil prices fell to a one-year low on Tuesday, deepening a rout that has plunged the energy complex into a bear market as growing supply is poised to swamp demand next year. The latest drop came after President Donald Trump urged OPEC and Saudi Arabia to maintain their current policy of gradually increasing output, which helps to cap oil prices. OPEC and its oil allies are mulling a fresh round of production cuts following a collapse in prices over the last six weeks. The group could [Read More…]
Pulse Oil Announces Filing of Final Prospectus
CALGARY, Nov. 13, 2018 /CNW/ - Pulse Oil Corp. (TSX-V:PUL and PUL.WT) (the "Company" or "Pulse") is pleased to announce that it has filed a final short form prospectus in connection with the offering (the "Offering") of up to 11,363,600 flow-through common shares of the Corporation ("FT Shares") at a price of C$0.22 per FT Share (the "FT Price") and up to 14,285,700 units of the Corporation ("Units" together with the FT Shares, the "Offered Securities") at a price of C$0.21 per Unit (the "Unit [Read More…]
Impact of U.S. court ruling on Keystone XL timing unclear -TransCanada
TransCanada Corp is reviewing a decision by a Montana judge blocking construction of the Keystone XL pipeline, but the impact on project timing remains unclear, the company's top crude pipeline executive said on Tuesday. "We're going through the decisions, we're reviewing the deficiencies to determine how best to address the deficiencies," Paul Miller, President, Liquids Pipelines, said at an Investor Day in Toronto. "At this point it is too soon to determine what impact the ruling will have [Read More…]
TransCanada expects to raise dividend at eight to 10 per cent annual rate
CALGARY - TransCanada Corp. says it expects to raise its dividend at an average annual rate of eight to 10 per cent through 2021. Ahead of its investor day in Toronto today, the company says its dividend outlook is supported by expected growth in earnings and cash flow. The pipeline operator has increased its dividend on common shares in each of the last 18 years. TransCanada says it expects comparable earnings before interest, taxes, depreciation and amortization to grow to about $10 [Read More…]
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