Focus on Advancing Goldboro LNG Continues CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) has filed its first quarter (“Q1”) unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the first three months of 2019. Pieridae's unaudited condensed interim financial statements and MD&A are available on our website at www.pieridaeenergy.com and are filed on SEDAR at [Read more]
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Highwood Oil Company Ltd. Announces First Quarter 2019 Results
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, May 29, 2019 /CNW/ - Highwood Oil Company Ltd., ("Highwood" or the "Corporation") (TSXV: HOCL) is pleased to announce financial and operating results for the quarter ended March 31, 2019. The Corporation also announces that its unaudited financial statements and associated Management's Discussion and Analysis ("MD&A") for the quarter ended March 31, 2019, can be found at www.sedar.com and [Read more]
Tourmaline Releases Enhanced Five-Year Development Plan Focusing on Significant Free Cash Flow Acceleration
CALGARY, May 29, 2019 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide details of an enhanced five-year development plan. FREE CASH FLOW ACCELERATION PLAN: SUMMARY OF PLAN CHANGES Aggregate free cash flow increases by approximately $840 million to a total of approximately $3.05 billion over the five years. Annual production and cash flow(2) are essentially unchanged from the previous plan. Growth capital directed primarily to Gundy [Read more]
Canadian Natural buying Devon Energy’s Canadian assets for $3.8 billion
CALGARY - Canadian Natural Resources Ltd. has signed a deal to buy the Canadian operations of Devon Energy Corp. for $3.8 billion. The assets include thermal in situ oilsands production and conventional primary heavy crude oil operations located adjacent to existing Canadian Natural assets. The production acquired under the deal totals 128,300 barrels per day, including 108,200 from the thermal in situ operations and 20,100 from the conventional operations. Canadian [Read more]
XI Technologies: Better business intelligence helps service companies land abandonment and reclamation contracts.
Each week, XI Technologies scans their unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you'd like to receive our Wednesday Word to the Wise in your inbox, subscribe here. There’s no doubt the current business climate has been particularly tough on energy supply and service companies. Challenging times call for new, innovative, and strategic approaches to business development and sales. By [Read more]
Devon Energy Announces Strategic Exit of Canadian Business for CAD $3.8 Billion
OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today announced that it has entered into a definitive agreement to sell its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. This transaction is subject to customary terms and conditions and is expected to close by the end of the second quarter of 2019. Proceeds from the sale of Canada will be used for debt reduction. “The sale of Canada is an important step in executing Devon’s [Read more]
Canadian Natural Resources Limited Announces the Acquisition of Substantially All of the Assets of Devon Canada Corporation
CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- Canadian Natural Resources Limited (“Canadian Natural” or the “Company”) announces it has entered into an agreement, subject to regulatory approval, to acquire substantially all of the assets of Devon Canada Corporation (“Devon”), for a cash purchase price of C$3.775 billion (subject to closing adjustments), with an effective date of January 1, 2019 and a targeted closing date of June 27, 2019. Devon’s high quality land and production are [Read more]
Delphi Energy Corp. Provides Credit Facility Update
CALGARY, Alberta, May 28, 2019 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) announces that the Company’s syndicate of lenders, led by Alberta Treasury Branches and including The Bank of Nova Scotia and Bank of Montreal, has extended the term out date of the Company’s $105 million senior secured credit facility to June 14, 2019 in order to complete the annual borrowing base redetermination and extension documentation. Delphi currently has $82.0 million drawn on the [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 May. 28 IRON TECHNICIAN - (GPC) Trican Well Service Ltd. Grande Prairie May. 28 ELECTRONICS TECHNICIAN - (RDT) Trican Well Service Ltd. Red Deer May. 28 Senior [Read more]
Is quest for Canadian oil independence more a political pitch than economics?
OTTAWA - Conservative Leader Andrew Scheer says he wants to end Canadian imports of foreign oil by 2030, a move experts say would mostly affect purchases from the United States and could endanger deep trade relationships. Scheer raised the idea in a recent speech, stating Canada shouldn't buy oil from "rogue states" with poor human-rights and environmental records, like Iran, Venezuela and Saudi Arabia. In dollar terms, the vast majority of Canadian oil imports — about 64 per cent — came from [Read more]