CALGARY, AB - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to report its unaudited financial and operating results for the three months ended March 31, 2022. Selected financial and operational information is set out below and should be read in conjunction with Spartan's unaudited interim financial statements and related management's discussion and analysis ("MD&A") for the three months ended March 31, 2022, which are filed on SEDAR at www.sedar.com and are [Read more]
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Bonterra Energy Corp. announces first quarter 2022 results
CALGARY, AB - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") is pleased to announce its operating and financial results for the three month period ended March 31, 2022. The related unaudited condensed financial statements and notes, as well as management's discussion and analysis ("MD&A"), are available on SEDAR at www.sedar.com and on Bonterra's website at www.bonterraenergy.com. HIGHLIGHTS As at and for the three months [Read more]
TransGlobe Energy Corporation announces first quarter 2022 financial and operating results for the three months ended March 31, 2022
Calgary, Alberta - TransGlobe Energy Corporation (AIM: TGL) (TSX: TGL) (NASDAQ: TGA) ("TransGlobe" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2022. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe's Condensed Consolidated Financial Statements together with the notes related thereto, as well as TransGlobe's Management's Discussion and Analysis for the three months ended March 31, [Read more]
U.S. oil pipeline operators gear up for higher shale output
The volume of crude oil flowing on pipelines from the top U.S. shale field to export hubs on the U.S. Gulf Coast could surge to pre-pandemic levels by October, analysts said, signaling the end of desperate days for some Texas oil pipeline operators. The pandemic doused a shale-oil pipeline construction boom that had added 2.5 million barrels per day export capacity from West Texas to hubs on the U.S. Gulf Coast. As oil prices collapsed in early 2020, that overcapacity led pipeline companies [Read more]
i3 Energy PLC announces dividend increase & June 2022 dividend declaration
EASTLEIGH, UK - i3 Energy plc (AIM:I3E)(TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the following update. Dividend Increase i3 is pleased to announce that due to the ongoing exceptional performance of its production assets, positive results from the initial phase of its 2022 development drilling programme, and continuing commodity price strength and the resultant positive impact on our cash flow projections, the Company [Read more]
IEA expects record renewable growth despite cost, supply problems
Rising concerns over energy security and climate change will galvanize record new capacity to generate renewable power in 2022, the International Energy Agency forecast on Wednesday. The IEA forecasts that 320 gigawatts will come online this year, equivalent to top European economy Germany's total annual demand, up from a previous record of 295 gigawatts in 2021. Last year's additions, which were driven by growth of solar energy in China and Europe, exceeded the Paris-based agency's [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. 10 Well Testers - Entry Level Roska DBO Grande Prairie May. 10 Senior Internal Audit Analyst Pembina Calgary May. 10 Apprentice Pipefitter Strike [Read more]
Heavy crude steady, synthetic climbs
The discount on Canadian heavy crude versus the West Texas Intermediate benchmark held steady on Tuesday, while the premium on synthetic crude rose. Western Canada Select heavy blend crude for June delivery in Hardisty, Alberta, last traded at $14.40 a barrel below WTI, according to NE2 Group, unchanged from the previous day. Light synthetic crude from the oil sands for June delivery last traded at $7.25 a barrel over WTI, gaining 55 cents from Monday's settlement price. Upgrader [Read more]
U.S. oil settles below $100 a barrel on economic worries, strong dollar
U.S. crude oil price settled below $100 a barrel on Tuesday to its lowest level in two weeks as the demand outlook was pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies. U.S. West Texas Intermediate crude settled down $3.22, or 3.14%, to $99.35 a barrel. Brent crude was down $3.73, or 3.54%, at $101.53 a barrel. Both benchmarks were down for a second straight day and fell by more than $4 [Read more]
Alberta court rules Canada’s environmental impact law is unconstitutional
Alberta's highest court ruled on Tuesday that a Canadian law assessing how major infrastructure projects like pipelines impact the environment is unconstitutional because it interferes with the power of the provinces. The Alberta Court of Appeal said the Impact Assessment Act (IAA), passed in 2019, was a "classic example of legislative creep" and intrudes on provincial jurisdiction. The decision is a win for Alberta Premier Jason Kenney and his United Conservative Party government, which [Read more]