CALGARY, Alberta, June 28, 2023 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae”, “PEL”, or the “Company”) (TSX: PEA) announces that Mr. Alfred Sorensen, Chief Executive Officer of the Company, has indicated to the Company’s Board of Directors (“Board”) that he will be retiring from his roles as Chief Executive Officer and Director shortly. Mr. Sorensen has been instrumental in leading the operations of Pieridae for over a decade. With the completion of the Company’s refinancing, which [Read more]
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US natgas futures slide 2% on low LNG feedgas, technical selling
U.S. natural gas futures slid about 2% on Wednesday on technical selling and as the amount of gas flowing to liquefied natural gas export (LNG) remains low due to maintenance outages at several facilities. That price decline came despite a drop in output in recent weeks and forecasts for the weather to remain hotter-than-normal through mid-July, especially in Texas. Power demand in Texas set a new record peak on Tuesday and was expected to break that all-time high on Wednesday as a heat [Read more]
May production impacted by wildfires- a sneak peek into Q2 volumes by company, with results for public and private producers – BOE Intel
The month of May was a difficult one for many oil and gas producers in Western Canada as a result of the early start to wildfire season. Canadian producers did an excellent job ensuring the safety of people and operations, although many producers had to curtail volumes in May. While we should get public data updates from BC soon, we do have the public well data for Alberta and Saskatchewan already and so can view monthly production figures for the companies operating exclusively in those two [Read more]
XI Technologies: Saskatchewan Area II Region Overview
Each week, XI Technologies uncovers trends and insights using our enhanced data and software focused on the WCSB. If you’d like Word to the Wise delivered directly to your inbox, subscribe here. On May 30, 2023, XI Technologies took a deeper dive into the region of Grande Prairie with respect to expiring lands, assets and drilling activity. We asked at that time what other regions would be of interest, and various areas in Saskatchewan were requested. Let’s take a deeper look at the [Read more]
Crescent Point releases 2023 Sustainability Report
CALGARY, AB, June 28, 2023 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce the release of its 2023 Sustainability Report (the "Report") highlighting the Company's strong environmental, social and governance ("ESG") performance. Crescent Point remains on track to achieve each of its environmental targets which are comprised of initiatives centered around reducing emissions, freshwater use and the number of inactive [Read more]
Cardinal announces TSX renewal of normal course issuer bid
Calgary, Alberta--(Newsfile Corp. - June 28, 2023) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of Cardinal's intention to renew its normal course issuer bid (the "NCIB"). As at June 27, 2023, Cardinal had previously purchased an aggregate of 3,724,156 Common Shares ("Common Shares") on the open market on the TSX and/or alternative Canadian trading systems at a volume weighted average [Read more]
Oil higher on large US stock draws, but rate hike fears linger
Oil prices edged higher on Wednesday after industry data showed a larger-than-expected drawdown of U.S. inventories signalling robust demand from the world's biggest oil consumer, but the gains were limited by worries over interest rate hikes. Brent crude futures rose 51 cents, or 0.71%, to $72.77 a barrel at 0346 GMT, while U.S. West Texas Intermediate (WTI) futures gained 50 cents, or 0.74%, to $68.20 a barrel. Both contracts had fallen by about 2.5% in the previous session on signals [Read more]
Asia LNG buyers rush to lock in long-term deals as market remains tense
Asian buyers have rushed to lock in long-term liquefied natural gas (LNG) deals in the past months after prices eased, for fear of sudden price spikes as the global market remains tense after last year's crisis, industry executives said at a conference. Spot LNG prices in Asia last traded at $12 per million British thermal units (mmBtu) on Friday after touching two-year lows due to high inventories and a mild winter at the start of the year. Just a year ago, prices hit record of $70 per mmBtu [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 Jun. 27 Plant Operator Roska DBO Grande Prairie / Fox Creek Jun. 27 Plant Operator Roska DBO Drayton Valley Jun. 26 Customer Service Representative Roska [Read more]
Petrus Resources Ltd. announces results of annual general meeting of shareholders
CALGARY, Alberta, June 27, 2023 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce that its shareholders approved all resolutions at its annual general meeting of shareholders held today (the “Meeting”). The resolutions approved at the Meeting were as follows: The resolution to fix the number of directors of the Company to be elected at the Meeting at five (5) directors was approved with 99.951% of votes in favor. The resolution to [Read more]