CALGARY, AB, Oct. 26, 2022 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2022, its formal 2023 budget, a quarterly dividend and a special dividend, while also updating its five-year outlook. KEY HIGHLIGHTS Generated $233.7 million of excess cash flow in third quarter, driven by the Company's high netback asset base. Returning 50 percent [Read more]
Headlines
Investment boom coming for energy sector as 2050 looms, experts say
CALGARY - Canada's energy sector will be the recipient of a wave of public and private investment dollars in the coming decade, experts say, as the push to reach net-zero greenhouse gas emissions by 2050 gains momentum. On Tuesday, the federal government through the Canada Infrastructure Bank announced an investment of almost $1 billion into Ontario Power Generation for the construction of the country's first small modular nuclear reactor, which is being developed near the Darlington Nuclear [Read more]
XI Technologies: Southwest Peace River area overview
Each week, XI Technologies scans its 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 the Word to the Wise delivered directly to your inbox, subscribe here. The prolific Peace River region has long been an area of oil and gas activity, dating as far back as 1921, with the first significant producing well spudded in 1948 and still producing to this day. This week we’ll take a deeper dive [Read more]
GEOWEB® Geocells and High-Strength Geotextile Combine Forces to Create Upgraded, High-Performing Haul Roads Over Soft Subgrades
Project Background and Challenges In late 2016, Harvest Energy’s construction consultant, Drifter, was faced with rehabilitating and upgrading an existing access road to handle the rigors of a new plant expansion and commissioning. The modifications were being made to Harvest Operations Black Gold In-Situ Thermal SAGD plant located south of Conklin, AB. The existing Encana bypass road was 11.5 km (7.1 miles) long and originally served as a secondary access road into the facilities in the [Read more]
Use An Expert To Fill Your Sales Pipeline So Your Team Can Focus On Doing
Digital marketing and consistent sales and marketing processes is more important than ever for businesses. This can be especially key for principal-led companies with ‘do or sell’ roles as the principals seldom have time to sell because they are busy doing work or managing the business. Also, there are also many people at companies who are responsible for marketing activities in addition to their core competencies. Take for example the two personas below who are both examples of a “do or [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 Oct. 25 Gas Plant Board Operator Roska DBO Fort St John Oct. 25 Accounts Payable Administrator Roska DBO Fort St. John Oct. 25 Project Controls [Read more]
To pursue net zero at all costs is disastrous – Alex Epstein on energy policy
"I've been saying for the past 10 or 15 years that this attempt to pursue net zero at all costs is disastrous. And that even going a small percentage in that direction will cause a global energy crisis. And that's exactly what has happened.” Alex Epstein is an energy expert with 15-year track record of correctly predicting major trends. His comments on current North American and global energy policy trends accurately define the challenges and opportunities facing the energy [Read more]
World is in its ‘first truly global energy crisis’ – IEA’s Birol
Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", the head of the International Energy Agency (IEA) said on Tuesday. Rising imports of LNG to Europe amid the Ukraine crisis and a potential rebound in Chinese appetite for the fuel will tighten the market as only 20 billion cubic meters of new LNG capacity will come to market next year, IEA Executive Director Fatih Birol [Read more]
PrairieSky Announces 2022 Third Quarter Results and 100% Increase to Dividend
CALGARY, Alberta, Oct. 24, 2022 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its third quarter results for the three-month period ended September 30, 2022 ("Q3 2022”) and a 100% increase in its quarterly dividend to $0.24 per common share ($0.96 per common share annualized). Third Quarter Highlights: Quarterly revenues totaled $154.7 million, comprised of royalty production revenues of $146.0 million and other revenues of [Read more]
Moe touts Saskatchewan role in global energy, food security during business speech
SASKATOON - Premier Scott Moe touted Saskatchewan’s economic prosperity and role in global energy and food security in a speech to business leaders in Saskatoon today. Moe spoke at a luncheon hosted by the Saskatchewan Chamber of Commerce, saying the province’s resource industry, including potash and uranium, are proving essential at home and abroad. His comments come ahead of Wednesday’s speech from the throne, when the Saskatchewan Party government is to lay out its agenda as it predicts [Read more]