Iraq secured its $27 billion oil deal with France's TotalEnergies last week by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors. Foreign investment in Iraq's energy sector has fizzled out since a flurry of post U.S.-invasion deals over a decade ago, with Exxon Mobil, Shell and BP all having scaled back their operations in recent years, contributing to a stagnation in the country's oil production. Oil majors [Read more]
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Coelacanth Energy Inc. announces succession of Chief Operating Officer
Calgary, Alberta--(Newsfile Corp. - July 19, 2023) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that as part of a transition and succession plan outlined in a press release dated September 8, 2022, Terry Trudeau, has relinquished his role as Coelacanth's Chief Operating Officer. On behalf of the Board of Directors and Management, Rob Zakresky, President & CEO, stated that, "Mr. Trudeau's expertise and operational leadership were key to shareholder value for [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 Jul. 17 Administrator, Fleet Strike Group Fort Saskatchewan Jul. 17 Administrator, Fleet Strike Group Crossfield Jul. 17 Administrator, Fleet Strike [Read more]
Suncor Energy releases annual sustainability and climate reports
Calgary, Alberta--(Newsfile Corp. - July 18, 2023) - Suncor (TSX: SU) (NYSE: SU) released its 2023 Report on Sustainability and its 2023 Climate Report today. The reports highlight how the company is working to achieve strong environmental, social and governance (ESG) performance and the company's actions on sustainable energy development. This year's Report on Sustainability marks the company's 28th year of sustainability reporting, a testament to Suncor's commitment to sustainability and [Read more]
Gear Energy Ltd. announces June monthly update to shareholders
Calgary, Alberta--(Newsfile Corp. - July 18, 2023) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is pleased to announce that the new June 2023 monthly update to shareholders can be accessed via the following link https://gearenergy.com/updates. FOR FURTHER INFORMATION PLEASE CONTACT: Ingram Gillmore President & CEO 403-538-8463 David Hwang Vice President Finance & CFO 403-538-8437 Email: info@gearenergy.com Website: www.gearenergy.com To view [Read more]
June-July Licence Activity Review – Cenovus tops an oil sands heavy month
We've observed a slight decline in licensing activity in June-July compared to last month, although activity levels remained elevated relative to the month prior; there were 509 new licences obtained in Canada in the past 30 days (June 12 to July 12) compared to 536 last month (May 12-June 11) and 473 in the month before that (April 12-May 11). This past month's licences were spread across 89 licensees, representing an average of 5.7 licences per licensee. Using data from BOE Intel and Petro [Read more]
Triassic Oil Pool Development
A B.C. operator is seeking a partner to develop a Triassic light oil pool on its property base in the B. C. townships. The pool size is estimated at 14 sections with 60 million barrels original oil in place. The operator controls 4 sections in the center of the oil pool with the opportunity to acquire more of the pool lands. The operator owns a production facility and several gathering lines within the pool boundary. The first location has been surveyed. The drill target is an oil saturated [Read more]
US natgas prices climb 4% as brutal heatwave lingers
U.S. natural gas futures climbed about 4% on Tuesday on forecasts for the weather to remain hotter-than-normal through early August, especially in Texas. That price increase came despite rising output, forecasts for less demand next week than previously expected and lower than usual amounts of gas flowing to U.S. liquefied natural gas (LNG) export plants due to ongoing maintenance outages. Power demand in Texas hit a record high on Monday and will likely break that on Tuesday as homes and [Read more]
Gas Processing Equipment Sale – Gunning Services Inc.
Never used Gas Processing equipment available for sale or joint venture to include Glycol Heaters (7 & 26MMBTU/H), Sour Service Carbon Filters (36" & 60" ID), Sour Service Plate & Frame and Shell & Tube Heat Exchangers, Forced Draft Coolers - 3 (358,000 BTU/H each), Pressure Swing Adsorbers - 6 (138" ID x 500 PSI), Stainless Steel lined Separator (102" ID x 500 PSI), Duplex Stainless Steel Reboiler and Inline Process Pumps - 14 (10 - 250 HP). Contact Colin Gunning (403) 860-1647 [Read more]
Canadian Gas Association writes a letter to Prime Minister Justin Trudeau providing updates from the global LNG2023 Conference in Vancouver
OTTAWA, ON, July 18, 2023 /CNW/ - On July 14, 2023, the Canadian Gas Association (CGA) sent a letter to Prime Minister Justin Trudeau providing updates from the Liquefied Natural Gas 2023 (LNG2023) conference held in Vancouver from July 10-13, 2023. The letter reads as follows: I write as delegates leave LNG2023 in Vancouver, the most significant conference on liquefied natural gas (LNG) in the world, occurring at a time when LNG is the most sought-after fuel to address the global energy [Read more]