Advanced data solutions and business intelligence provider transacted first oil and gas royalties blockchain transaction using R3’s blockchain platform Corda CALGARY, Alberta GuildOne Inc. (GuildOne) is proud to announce that it has been working with R3 to transform the oil and gas sector with the ground-breaking innovation of GuildOne’s Energy Block Exchange (EBX) blockchain business network using R3’s blockchain platform, Corda, on Amazon Web Services (AWS). Corda is an enterprise-grade [Read more]
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Cardium Light Oil, Drill Ready Prospect Available to Industry
Highlights: 12.5 sections (8,000 gross acres; 7,552 net). Average working interest across all lands is 94%. 100% owned existing surface lease with facilities and adjacent high grade road & NG pipeline tie-in, including a vertical Cardium Fm. producing oil well (7-12-59-25W5) Pad drilling from up to 5 existing surface leases allows for up to 23 horizontal locations (@ 4 wells per section spacing) with year-round access. Infrastructure and available capacity also in place. [Read more]
FIND – The Ultimate Mobile Field Integration Tool
It’s no secret that times have been tough for the oil and gas industry. Low oil and gas prices, limited pipeline capacity, and regulatory uncertainty have caused operators to reexamine their policies, practices, and technology in attempts to cut costs. Despite these challenges, it is getting more and more difficult to continue cutting costs. In order to stay profitable, many companies are turning to the possibility of leveraging new technologies to improve operational efficiency. That’s why [Read more]
InPlay Oil Corp. Announces Record Third Quarter 2018 Financial and Operating Results
CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces its financial and operating results for the three and nine months ended September 30, 2018. InPlay’s condensed unaudited interim financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2018 will be available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) [Read more]
NuVista Energy Ltd. Announces Third Quarter 2018 Financial and Operating Results and Guidance for 2019
CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce results for the three and nine months ended September 30, 2018 and provide an update on its future business plans. NuVista experienced another robust quarter with continued development drilling success. Production and adjusted funds flow increased significantly, reaching record levels due to strong well and facility performance, and additional acquired volumes, [Read more]
Granite Oil Corp. Reports Third Quarter 2018 Financial Results
CALGARY, Alberta, Nov. 12, 2018 (GLOBE NEWSWIRE) -- GRANITE OIL CORP. (“Granite” or the “Company”) (TSX: GXO) (OTCQX: GXOCF) is pleased to report its operating and unaudited financial results for the three months and nine months ended September 30, 2018. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (000s, except per share [Read more]
Oil pucks and pellets; Canada eyes new ways to move stranded crude
Canada's biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport.Congested pipelines have stranded much of Canada's crude in Alberta, driving discounts to record-high levels. Canadian heavy crude traded on Friday for less than one-third of the U.S. benchmark light oil price.The latest blow to the sector landed on Thursday, when a U.S. court ruled construction [Read more]
In race to fill LNG supply gap, project goalposts have changed
The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate.Royal Dutch Shell's final investment decision (FID) taken last month for a $30 billion LNG Canada project was a shot in the arm for the LNG industry, which is emerging from almost three years of low prices and investment.As a vote of confidence in the [Read more]
Economic cost of Canadian oil price discounts counted in billions of dollars
CALGARY - Imagine producing a bumper crop of a product in high demand around the globe, only to learn you must settle for a discounted price because there's no easy way to get your product to market. Canadian grain farmers experienced that situation in 2013 and again last winter when their harvest outstripped the transport capacity of Canada's rail companies. Western Canada's oil companies are now in the same boat thanks to production gains that have not been matched by export pipeline capacity [Read more]
Climate change dialogue has gone North Korean, which needs to stop, and even climate advocates are now agreeing
North Korea may seem a funny place to stop on the climate change road, but it’s not. The country is currently run by a vivacious chubby tyrant named Kim Jong-un, who succeeded his father, another tyrant named Kim Jong-il. Kim Jong-il was, according to official records, a remarkable man. His first round of golf was a dazzling 38 under par, including 11 holes in one, and immediately after that round he retired from golf forever. There’s more. His other talents make that look like amateur [Read more]