Suncor Energy's Sarnia, Ontario refinery will undergo planned maintenance for about eight weeks, news website blackburnnews.com reported on Tuesday. Starting Tuesday, the refinery may experience visible flaring and increased noise, the report said quoting company officials and added that the work will last until June 1. Suncor operates a 85,000 barrel-per-day (bpd) refinery in Sarnia, Ontario, according to the company website. [Read more]
Headlines
Crescent Point Energy Achieves Significant Growth in U.S. Operations and Announces Strategic Land Position in the East Shale Duvernay
CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) -- Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG) (NYSE:CPG) is pleased to announce that first quarter 2018 production and cash flow from its U.S. assets have grown year-over-year by approximately 60 percent and 175 percent respectively. The Company is also pleased to announce its land position in the emerging East Shale Duvernay light oil resource play, which totals over 355,000 net acres, or approximately 555 net [Read more]
Celebrating Canadian E&P accomplishments in the last year
With news headlines dominated by pipeline power struggles, a lingering lower-for-longer sentiment, and of course the media circus to the south of us, it’s easy to assume that 2017 was a year that didn’t yield a lot of progress for Canada’s E&P energy sector. While 2017 certainly brought challenges, a look back at the data shows that a lot of good work was done by a Canadian E&P sector that simply refuses to say “uncle”. At XI Technologies we believe in the power of data to enlighten [Read more]
FrontFour Formally Provides Advance Notice of the Nomination of Four Highly Qualified Directors for Election at Obsidian’s 2018 Annual and Special Meeting
GREENWICH, Conn., April 3, 2018 /PRNewswire/ -- FrontFour Capital Group LLC, together with its affiliates ("FrontFour" or "we"), a significant shareholder of Obsidian Energy Ltd. ("Obsidian" or, the "Company") (TSX/NYSE: OBE) with an ownership interest of approximately 6.3% of the Company's outstanding shares, today announced that it has formally provided advance notice to the Company of the nomination of a slate of four highly-qualified candidates for election to the Board of Directors (the [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 Apr. 3 Category Specialist, Asset Management Calfrac Well Services Houston or Calgary Apr. 3 Credit Analyst AltaGas Calgary Apr. 3 Category Manager, Chemical [Read more]
ConocoPhillips spends $154M to increase Canadian Montney stake
CALGARY - Houston-based ConocoPhillips Co. says it is selling oil and gas assets in the United States while increasing its stake in Western Canada. The company that sold most of its Canadian oilsands and conventional drilling operations to Cenovus Energy Inc. last year says it recently closed or signed deals to sell C$320 million in non-core assets in the U.S., including several packages in the Permian Basin of Texas. It says it spent C$154 million to add 14,000 hectares to its existing [Read more]
Birchcliff Energy Ltd. and Altagas Ltd. Announce New Long-Term Processing Arrangement at Altagas’ Deep-Cut Processing Facility in Gordondale
CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) and AltaGas Ltd. (“AltaGas”) (TSX:ALA) are pleased to announce that they have entered into a definitive agreement for a long-term natural gas processing arrangement (the “Processing Arrangement”) at AltaGas’ deep-cut sour gas processing facility located in Gordondale, Alberta (the “Gordondale Facility”). The new Processing Arrangement will be effective from January 1, 2018 and will replace the [Read more]
TransCanada Places Final Section of 2017 NGTL Expansion Program into Service
CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) -- Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced its Northwest Mainline Loop-Boundary Lake pipeline has been placed into service, completing the final section of its 2017 Expansion Program on the NOVA Gas Transmission Ltd. (NGTL) System. With the completion of winter construction activities, the 2017 Expansion Program represents a $1.7 billion investment in Canadian natural gas infrastructure, and [Read more]
Canadian light oil prices hit with same discounts afflicting oilsands prices
CALGARY - The same factors that have inflated the discount paid for Canadian oilsands heavy crude compared with U.S. oil are also driving a substantial rise in the discount for light Canadian oil, according to a report from accounting firm Deloitte published Tuesday. The difference between New York-traded West Texas Intermediate and Edmonton Light oil prices widened to US$7.32 per barrel in January, an 86 per cent increase over the average of US$3.93 per barrel in the fourth quarter of last [Read more]
GLJ Petroleum Consultants: April 2018 Price Forecast
We work in an energy industry that, with each passing moment, is becoming more and more interesting. “Living in interesting times” is often eluded to as a traditional Chinese curse generally referring to existing with disorder and change. Changes are rampant throughout the energy industry, be it recent advances in technology, the global power struggle over market share, or newly emerging markets which may disrupt the industry as a whole. In 2018, we appear to be living in increasingly [Read more]