HONG KONG - CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the first quarter of 2020. The Company achieved a total net production of 131.5 million barrels of oil equivalent ("BOE") for the first quarter of 2020, representing an increase of 9.5% year-over-year ("YoY"). Production from China increased by 9.7% YoY to 87.1 million BOE, mainly attributable to commencement of new projects and the acquisition of China United [Read more]
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Cenovus reports first-quarter 2020 results
CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to deliver safe and reliable operations in the first quarter of 2020 while demonstrating its ability to take swift and decisive steps to enhance its financial resilience and protect its balance sheet in the face of the global macro-economic challenges caused by the COVID-19 pandemic. The company’s first-quarter financial results were impacted by the significant decline in global demand and pricing for crude oil and refined [Read more]
Clearview Resources Ltd. reports year end results
CALGARY - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its financial and operational results for the twelve months ended December 31, 2019. Change in Year End During the prior year, the Board of Directors approved changing the Company's fiscal year end from March 31 to December 31. Consequently, this press release is a review of the financial position and results of operations of the Company for the three months ended December 31, 2019 as [Read more]
Highwood Oil Company Ltd. Announces 2019 fourth quarter and year-end financial and operating results and 2019 year-end reserves along with an update on the red earth divestiture
CALGARY - Highwood Oil Company Ltd., ("HOCL" or the "Corporation") (TSXV: HOCL) is pleased to announce financial and operating results for the three months and twelve months ended December 31, 2019 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2019, prepared by GLJ Petroleum Consultants Ltd. ("GLJ"). Associated Management's Discussion and Analysis ("MD&A") dated April 28, 2020 and audited financial statements as at and for the year ended [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. 28 Mechanical Design Engineer Brunel Kanata Apr. 27 Area Project Engineer Brunel Sarnia Apr. 26 Project Advisor TC Energy Calgary Apr. [Read more]
U.S. court ruling could threaten pipeline projects with delays
Several major U.S. oil and natural gas pipeline projects could be at risk of delays after a U.S. district judge in Montana this month said the Army Corps of Engineers had inappropriately used a national permit program, energy analysts said on Tuesday. Chief U.S. District Judge Brian Morris ruled on April 15 that the Army Corps violated federal law by issuing the so-called Nationwide Permit 12 that allows pipelines to cross water bodies because it did not adequately consult with other federal [Read more]
Vermilion Energy posts $1.3-billion loss on oil and gas assets writedown
CALGARY - Vermilion Energy Inc. is reporting a net loss of $1.3 billion or $8.42 per share in the first quarter thanks to a $1.2-billion writedown in the value of its oil and gas assets around the world due to low global commodity prices. The loss compares with a net gain of $39.5 million or 26 cents per share in the same period of 2019 and analyst expectations of a loss of about $43 million or 14 cents, according to the financial markets data firm Refinitiv. The Calgary-based company cut [Read more]
Briko Energy Corp. Announces 2019 Financial and Operating Results and Activity Update
Calgary, Alberta - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to report its financial and operating results for the three months and year ended December 31, 2019 along with an activity update. Financial and operational information is set out below and should be read in conjunction with Briko's December 31, 2019 audited annual financial statements and the related management's discussion and analysis ("MD&A"). In addition, the Corporation today announces the filing of its [Read more]
Athabasca Oil Corporation announces $70 million upsized contingent bitumen royalty along with additional resiliency actions
CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking further actions in response to the decline in global oil prices to bolster balance sheet strength and corporate resiliency. Upsized Contingent Bitumen Royalty Athabasca is pleased to announce an upsizing of the previously completed Contingent Bitumen Royalty with Burgess Energy Holdings L.L.C. (the “Royalty”) for additional cash consideration of $70 million. Athabasca has now raised total cash [Read more]
Vermilion Energy Inc. announces results for the three months ended March 31, 2020
CALGARY - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2020. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2020 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on [Read more]