As more Indigenous nations strive for economic development and the opportunity to manage the resources on their lands in an environmentally sound manner, discussions of the continued development of Canadian resources & oil and gas begin to be inclusive of Indigenous interests and environmental intentions. However, to understand Indigenous intentions and rights to manage their natural resources, industry and government need to understand the complex factors that affect the decisions being [Read more]
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Private company looking for a suitable operating partner(s) in the development of two defined development opportunities
One shallow depth, ~1mmbbl medium gravity oil pool in Edmonton Region. The project includes land, productive discovery well with over a year of history, and associated single well battery and gas pipeline tie-in. Currently reviewing 2D seismic to finalize up to six vertical offset drilling locations. One Charlie Lake light sweet oil exploitation project in the Grande Prairie Region. Low well count, zero watercut, primary production, with waterflood and drilling upside. The ideal candidate [Read more]
Ovintiv rises on plans to repurchase 26 mln shares
U.S.-listed shares of oil and gas producer rise 2.6% to $33.78 premarket - on course to open at their highest since May 2019. OVV says the TSX has accepted a normal course issuer bid to buy about 26 million common shares during the 12-month period commencing Oct. 1. The number of shares authorized for purchase represents 10% of OVV's public float as of Sept. 20 - Ovintiv. OVV adds purchases will be made on the open market through the facilities of the TSX, NYSE, and/or alternative [Read more]
ROK Resources announces encouraging lithium results
REGINA, SK - ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK) is pleased to announce the completion of a multi-layer perforation and swab test of a vertical wellbore strategically located on one of Hub City Lithium Corp. ("Hub City Lithium") Subsurface Crown Mineral Dispositions located in Saskatchewan. Laboratory testing returned lithium concentrations in the Duperow formation up to 96.3 mg/l., which exceeded the Company's target of 74.6 mg/l. Results from the Test Well The target [Read more]
TransGlobe Energy Corporation operations update
AIM & TSX: “TGL” & NASDAQ: “TGA” This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) provides the following operations update. All dollar values are expressed in US dollars unless otherwise stated. COMPANY [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 Sep. 24 Operations Technician/Technologist Barrel Oil Corp Calgary Sep. 28 Abandonment & Reclamation ARO Advisor - Consultant West Lake Energy [Read more]
Ovintiv to increase shareholder returns through share buy-back program
DENVER - Ovintiv (NYSE: OVV) (TSX: OVV) today announced it is progressing its commitment to increase shareholder returns with the receipt of regulatory approvals for a share buy-back program. This action is consistent with the Company's capital allocation framework, which supports the goal of unlocking shareholder value by delivering on Ovintiv's strategic priorities of financial strength, increasing cash returns to shareholders, generating superior returns on capital investment, and driving ESG [Read more]
InPlay Oil Corp. announces accretive strategic Cardium acquisition, $10 million equity financing and increased senior credit facility
CALGARY, Alberta - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire Prairie Storm Resources Corp. ("Prairie Storm") (TSXV: PSEC), a light-oil Cardium focused producer with operations primarily in the Willesden Green area of central Alberta (the "Prairie Storm Assets") for total net consideration of approximately $40.5 million(1) (the "Acquisition"). The highly accretive [Read more]
Oil extends rally into sixth day on tight supply, Brent hitting three-year high
Oil markets rose on Tuesday, reversing earlier losses and extending their rally into a sixth session, amid continued concerns over tight supply at a time when demand is picking up with the easing of COVID-19 pandemic restrictions. U.S. West Texas Intermediate (WTI) crude futures climbed 35 cents, or 0.46%, to $75.75 a barrel, hitting its highest since July. It jumped 2% the previous day. Brent crude futures gained 30 cents, or 0.38%, to $79.68 a barrel, reaching its highest since October [Read more]
OPEC sees oil demand rebounding then plateauing after 2035
Demand for oil will grow sharply in the next few years as the global economy recovers from the pandemic, OPEC said on Tuesday, adding that the world needs to keep investing in oil production to avert a crunch even as the energy transition is under way. The view from the Organization of the Petroleum Exporting Countries contrasts with others such as an International Energy Agency report, which in May said investors should not fund new oil projects if the world wants to reach net-zero [Read more]