Suncor Energy has reported a spill of 5,900 cubic metres (208,356.5 cubic feet) of muddy water from a sedimentation pond at Suncor Energy's Fort Hills oil sands mining project in northern Alberta. The spill on April 16 was reported to the Alberta Energy Regulator (AER) because the total suspended solids, in this case mud, in the water exceeded the approved limits, Suncor said. Oil sands companies face intense scrutiny over how they manage their tailings ponds, which hold a toxic mixture of [Read more]
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i3 Energy PLC announces PDMR issue of share options
EASTLEIGH, UK - i3 Energy plc (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, announces that it has issued options over 3,000,000 ordinary shares in the Company to Jason Dranchuk, the Chief Financial Officer and a Person Discharging Managerial Responsibilities (a "PDMR") of the Company, as detailed below. The options are part of i3's management incentive and are in accordance with existing share schemes. PDMR Number of options [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 Apr. 18 Industrial Roofers and Metal Cladding Roska DBO Grande Prairie Apr. 18 Compression Station Operator Roska DBO Grande Prairie Apr. 17 Local Field [Read more]
Shell Canada – A&D review and Montney drilling update
Given the increasing focus on LNG projects in Canada, we thought it would be worthwhile to provide an activity update on Shell Canada using public data tools BOE Intel and Petro Ninja. The parent company Royal Dutch Shell is the largest stakeholder in the LNG Canada project (40%). Shell Canada's main Montney asset is at Groundbirch in northeast BC, adjacent to Ovintiv's Sunrise development. The company also has Montney acreage south of Grande Prairie at Elmworth. Drilling activity levels for [Read more]
Permian in spotlight as energy dealmaking gathers steam
Companies with a focus on the oil-rich Permian basin are likely to be at the center of the next wave of consolidation in the U.S. energy sector as favorable oil prices prompt cash-rich drillers to tap into the largest source of shale oil. Top producers have built a war chest to fund acquisitions after reaping windfall profit in 2022 from skyrocketing oil prices following Russia's invasion of Ukraine. The current oil prices are only making Permian assets more attractive to companies looking [Read more]
Tourmaline and Clean Energy announce $70 million joint development agreement to build CNG stations in Western Canada
Investment will establish a commercial fueling network for heavy-duty natural gas trucks across Western Canada CALGARY, AB, April 18, 2023 /PRNewswire/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy") announced today a $70 million Joint Development Agreement to build and operate a network of compressed natural gas ("CNG") stations along key highway corridors across Western Canada. Through this 50-50 shared investment, Tourmaline and [Read more]
Oil edges up as China’s economy gathers pace
Oil prices firmed slightly early on Tuesday, after falling 2% in the previous session, as stronger economic data from the world's largest crude importer China underpinned demand outlook. U.S. West Texas Intermediate rose 25 cents, or 0.30% at $82.64 a barrel. Brent crude climbed 15 cents, or 0.17% to $86.39 a barrel. China's economy grew at a faster-than-expected clip in the first quarter, official data showed, expanding 4.5% year-on-year as policymakers move to bolster growth following [Read more]
GLJ Ltd. has released its April Pricing Forecast blog as well as its spring Pricing Decks.
The first quarter of 2023 can be described as a time of consequences. In particular, WTI and Brent prices evolved along trends driven that were generally in existence since 2022. Specifically, the European war, rapidly escalating interest rates, and a long predicted, but still not materialized recession. Gas prices are always dependent on weather, and gas buyers got significant relief due to a warm winter. The Central Banks attempted to engineer an economic “soft landing” by raising interest [Read more]
8 New Listings on PNG Exchange
There are 8 new properties available on PNG Exchange. Canpar Holdings Ltd. has multiple leaseout opportunities available in Saskatchewan and Alberta: SW Saskatchewan Tatagwa, SK Arcola, SK Willmar, SK Bellegarde, SK Willesden Green, AB Prairie Provident Resources has assets available for purchase: Southern AB – Coutts Field Southern AB – Provost PNG ExchangePNG Exchange is the energy industry’s central hub for acquiring and divesting properties, assets and [Read more]
Prairiesky Royalty Ltd reports results for the quarter ended in March
Prairiesky Royalty Ltd reported quarterly adjusted earnings of 24 cents per share for the quarter ended in March. The mean expectation of four analysts for the quarter was for earnings of 25 cents per share. Revenue fell 9.9% to C$126.10 million from a year ago. Prairiesky Royalty Ltd's reported EPS for the quarter was 24 cents. The mean earnings estimate of analysts had fallen by about 10.6% in the last three months. In the last 30 days, two analysts negatively revised earnings [Read more]