If dairy was petroleum, the scene playing out in the NAFTA negotiations would be quite the sight to see. The Trudeau government would be rushing to emulate their ever so tactful strategy, a strategy based upon principles so perverse that you couldn’t make it up. Unless of course, you were talking about a regionalized power struggle in an already deeply divided country that can only lead to one thing. One of the key principles would be to begin the phasing out of dairy production in Canada by [Read More…]
Headlines
Vancouver Island partners sign hull design contract for floating LNG project
VANCOUVER - The developer of a floating liquefied natural gas export facility proposed for Vancouver Island says it has a deal with a Korean shipbuilder for the design of two large at-shore hulls. Steelhead LNG and partner Huu-ay-aht First Nations say the agreement was signed at the Gastech Conference in Barcelona with Hyundai Heavy Industries to engineer and design the equipment for the Kwispaa LNG Project. The LNG export project, which features floating production and storage units, is [Read More…]
U.S. oil prices jump as fifth weekly stock draw adds to supply concerns
NEW YORK (Reuters) - U.S. oil futures rose more than $1 a barrel on Wednesday, bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand, amid ongoing supply concerns over U.S. sanctions on Iran that come into force in November. U.S. crude futures were up $1.08 at $70.93 a barrel by 11:15 a.m., after the U.S. Energy Information Administration said crude and gasoline stockpiles fell last week. Crude inventories fell 2.1 million barrels last week to 394.1 [Read More…]
U.S. Midwest refinery maintenance outages to weigh on Canadian oil prices
CALGARY - A maintenance shutdown at the refinery that is the largest buyer of Canadian heavy oil in the United States is expected to extend and possibly worsen the price discounts on crude from north of the border. Analysts at AltaCorp Capital in Calgary say the planned turnaround at the 430,000-barrel-per-day BP Whiting refinery in Indiana — which buys about 250,000 bpd of heavy crude from Canada — will reduce demand over the next month and a half. They say the shutdown adds to [Read More…]
Nothing is done until it’s done – NAFTA Renegotiations in a year of uncertainty
The US has been withdrawing and renegotiating trade agreements at a dizzying pace- from withdrawing from the Trans-Pacific Partnership in 2017 ( and then looking to rejoin it in 2018), to an escalated tariff war with China, to a high-pressure trade deal with Mexico, to pressure on Canada to join the new US-Mexico agreement. Canada, meanwhile, has relied heavily on free trade agreements to increase market access for Canadian exporters. In the current trade battles, the US looks to use all [Read More…]
7th Annual Free Hockey Draft For The Oil And Gas Industry
Free hockey draft put on by OSY Rentals, Rival Hydrovac, and BOE Report. Deadline to enter is Wednesday October 3rd at 5PM. Takes less than 2 minutes to complete No need of hockey knowledge (pick one player from a box grouped with players of the same level) Weekly prizes for the winner and loser Random weekly prizes Grand Prize of 2 tickets, flights and hotels to any NHL playoff game Any questions please contact Dallas Cairns at dallas@osyrentals.com. More information on [Read More…]
Gear Energy Ltd. Announces Closing of Acquisition of Steppe Resources Inc. and Increase to Credit Facilities
CALGARY, Sept. 18, 2018 /CNW/ - Gear Energy Ltd. ("Gear") (TSX: GXE) is pleased to announce the successful completion of the acquisition of Steppe Resources Inc. ("Steppe"), a private oil and gas company, pursuant to the previously announced plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, shareholders of Steppe received 0.1445 of a Gear common share ("Gear Share") for each Steppe common share ("Steppe Share"). As a result, Gear issued approximately 21.9 million Gear [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 Sep. 18 JOURNEYMAN/4TH YEAR APPRENTICE HEAVY DUTY MECHANIC - (RD2) Trican Well Service Ltd. Red Deer Sep. 18 APPRENTICE PARTS PERSON - (MHT) Trican Well Service [Read More…]
Hemisphere Energy Announces Production Growth and Completion of Successful Summer Drilling Program
TSX-V: HME VANCOUVER, Sept. 18, 2018 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to provide an update on its recent field operations. Hemisphere has successfully completed the drilling component of its 11 well summer program, of which 10 wells will be produced and one well used as a water injector at this time. Based on field estimates, corporate production has averaged approximately 1430 boe/d (98% oil) during the week of September [Read More…]
Pulse Oil Corp. Provides Operational and Drilling Update
CALGARY, Sept. 18, 2018 /CNW/ - Pulse Oil Corp. ("Pulse" or the "Company") (TSX-V: PUL and PUL.WT) is pleased to provide an operational update as follows: Bigoray Enhanced Oil Recovery Project: Phase Two of the Bigoray Enhanced Oil Recovery (EOR) Modelling Project is making good progress with Pulse having now completed the 3-D seismic reprocessing portion of the project, covering all of Pulse's two Nisku Pinnacle Reefs. The Company has recently awarded Weatherford Canada Ltd. a [Read More…]
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