CALGARY, AB - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) announces today the appointment of Dion Hatcher as President effective January 1, 2022. He will replace Curtis Hicks, Vermilion's current President, who will step down and continue as an advisor to the Company until April 1, 2022. Lorenzo Donadeo will continue in his current role as Executive Chairman. Vermilion would like to thank Mr. Hicks for his significant contributions to the [Read more]
Headlines
Stronger storms test aging U.S. offshore oil facilities
Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms, and subsea pipelines, say experts. On Monday, the U.S. Coast Guard said it was investigating nearly 350 reports of spills in and along the Gulf after Hurricane Ida hit. Federal and state agencies were forming a task force to track leaks and address storm damages. Underwater oil leaks caused by the storm off the coast of Louisiana highlight the [Read more]
XI Technologies: Open asset evaluation for September 2021
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 to receive our Wednesday Word to the Wise in your inbox, subscribe here. Succeeding in oil and gas development comes down to how well and how quickly you can analyze potential opportunities. To help with this, XI Technologies regularly applies its evaluation tools to a currently available asset to give [Read more]
OSY Rentals September 2021 inventory
Hello from OSY! Summer may be over – but the fun isn’t. It’s almost Hockey Draft season! In about a month, we’ll be sending out an email with information for the upcoming Hockey Draft. We’ve also got a new season of OSY Reality Webseries coming out soon... OH YEAH, that’s an exciting fall! In the meantime, have a look at these sweet vessels (and some sour ones too)! Look below to see our inventory list of equipment that we have for sale or rent. If you have any questions about our [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. 7 Plant Operator Roska DBO Grande Prairie Sep. 3 Dispatcher Vertex Rycroft Sep. 3 Shop Fabricator Vertex Blackfoot Sep. 3 Production [Read more]
Heavy crude differential inches wider
Canadian heavy crude's discount to West Texas Intermediate (WTI) widened slightly on Tuesday, but held close to a recent four-month high. Western Canada Select (WCS) heavy blend crude for October delivery in Hardisty, Alberta traded at $12.10 per barrel below the WTI benchmark, according to NE2 Canada Inc, widening from Friday's settlement of $12.05 per barrel below WTI. There was no settle on Monday due to the Canadian Labour Day holiday. The Canadian heavy crude differential is [Read more]
Pembina Pipeline Corporation declares common share dividend
CALGARY, AB - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for September 2021 of $0.21 per share to be paid, subject to applicable law, on October 15, 2021 to shareholders of record on September 24, 2021. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered [Read more]
PrairieSky Royalty declares quarterly dividend
CALGARY, Alberta - PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.09 per common share, payable in cash on October 15, 2021 to shareholders of record on September 30, 2021. This dividend is designated as an “eligible dividend” for Canadian income tax purposes. [Read more]
Oil losses from Hurricane Ida rank among worst in 16 years
Hurricane Ida's damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according to the latest data and historical records. Ida's 150 mile-per-hour (240 kph) winds cut most offshore oil and gas production for more than a week and damaged platforms and onshore support facilities. About 79% of the region's offshore oil production remains shut and 79 production platforms are unoccupied after the storm made landfall on [Read more]
Asset sale: Top Speed Energy Canada Holding Ltd. – Small scale LNG projects & ISO containers
Top Speed Energy Canada Holding Ltd. (“Top Speed” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with the sale of its two small-scale liquified natural gas (“LNG”) projects located in the Terrace and Prince Rupert areas of northern British Columbia and its fleet of ISO containers used for the transport of LNG (the “Assets”). The Assets include the Skeena LNG project, which is a liquified natural gas plant under development in Terrace, BC with capacity of 150,000 [Read more]