OTTAWA - Canada will continue to produce oil and ship it across the country whether or not new pipelines are built, says the minister of natural resources says. Building pipelines just means it can be shipped more safely, Jim Carr says in a recent interview with The Canadian Press. Next week, Carr will play host to a major conference in Winnipeg looking at how Canada can and will adjust to a low-carbon energy world. However, he says, even as Canada adapts to that new [Read more]
Headlines
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. Oct. 3 Administrator / Receptionist - Oil and Gas Roska DBO Grande Prairie Oct. 3 Senior Administrative Assistant Big Fish Staffing Calgary Oct. 2 Heavy Duty Mechanic - Fraction Canyon Technical [Read more]
Canadian Natural assessing duration of oil sands turnaround
Canadian Natural Resources Ltd will know in the next couple of weeks whether there will be any changes to the original 45 days of planned maintenance at its Horizon oil sands project, a spokeswoman said on Tuesday. Planned turnaround activities at the 190,000 barrel per day plant in northern Alberta are in general "tracking to plan," spokeswoman Julie Woo said in an email. Canadian light synthetic crude prices have rallied hard in recent days because of rumors the turnaround, which started [Read more]
Duvernay Rights Divestiture – Highvale, Alberta Area: New Star Energy Ltd.
Sayer Energy Advisors has been engaged to assist New Star Energy Ltd. (“New Star” or the “Company”) with the sale of its prospective Duvernay oil rights located in the Highvale area of Alberta (the “Property”). In the Highvale area, New Star holds mainly 100% working interests in over 24,000 acres of undeveloped Crown and Freehold land which is prospective for Duvernay shale within the oil-rich fairway of the Duvernay Shale Resource Play. Secondary oil potential exists in the Nisku [Read more]
Birchcliff Energy Ltd. Provides Operational Update and Announces Closing of $31.7 Million Asset Sale
CALGARY, ALBERTA--(Marketwired - Oct. 2, 2017) - Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to provide the following update. Pouce Coupe Gas Plant - Phase V On-Stream Birchcliff is pleased to announce that the 80 MMcf/d Phase V expansion of its 100% owned and operated natural gas processing plant in Pouce Coupe has been successfully brought on-stream, increasing the processing capacity of the plant to 260 MMcf/d from 180 MMcf/d. Phase V was on budget and brought on-stream [Read more]
6th Annual Free Hockey Draft For The Oil And Gas Industry
Free hockey draft put on by OSY Rentals, Rival Hydrovac and the BOE Report. Deadline to enter is Wednesday October 4th at 5pm. Takes less than 2 minutes to complete No need of hockey knowledge (pick one player from a box grouped with players of the same level) Weekly prizes for the winner and loser Random weekly prizes Grand Prize of 2 tickets, flights and hotels to any NHL playoff game Any questions please contact Dallas Cairns at dallas@osyrentals.com Click here to [Read more]
Harvest Operations Corp. Announces Repayment of U.S. $282.5 Million 6 7/8% Senior Notes
CALGARY, ALBERTA--(Marketwired - Oct. 2, 2017) - Harvest Operations Corp. ("Harvest" or the "Company") is pleased to announce that it has repaid in full Harvest's outstanding approximately U.S.$282,500,000 aggregate principal amount of 67/8% Senior Notes (the "Notes") that were due October 1, 2017. In connection with the repayment of the Notes, Harvest has filed Form 15-F with the U.S. Securities and Exchange Commission (the "Commission") in order to terminate its reporting obligations under [Read more]
Private Osum Oil Sands sells production royalty for $92.5M to pay for expansion
CALGARY - A private Calgary oilsands producer is selling a portion of future production to raise money to expand its northern Alberta project, a funding method gaining traction in a sector having difficulty attracting investors. Osum Oil Sands Corp. said Monday it has approved a 3,000-barrel-per-day expansion of its Orion project to take output to over 12,000 barrels per day by mid-2019. The company said it will pay for the expansion with part of about $92.5 million in cash it [Read more]
Seven Generations completes offering of US$700 million 5.375% senior unsecured notes
CALGARY, ALBERTA--(Marketwired - Oct. 2, 2017) - Seven Generations Energy Ltd. (TSX:VII) has completed its previously announced offering of US$700 million aggregate principal amount of 5.375% senior unsecured notes due 2025, which were offered, on a private placement basis, to eligible purchasers (the "Offering"). Seven Generations intends to use the net proceeds of the Offering, together with its cash balances, to repurchase its outstanding US$700 million aggregate principal amount 8.250% [Read more]
Oil drillers, not forecasters, are responsible for WTI weakness
LONDON, Oct 2 (Reuters) - The U.S. Energy Information Administration (EIA) is distorting oil prices by being far too optimistic in its forecasts for U.S. production, according to Harold Hamm, the chief executive of Continental Resources . Hamm, who also chairs the Domestic Energy Producers Alliance (DEPA), a lobbying group, blames EIA for both the outright decline in U.S. oil prices and their underperformance compared with Brent since June. Hamm faults EIA for being too optimistic about U.S. [Read more]