The BOE Report keeps you informed about the latest news from the oil and gas industry in North America. Apps Always on the go? We have you covered. Download our easy-to-use app on your Android of iOS device: Social Media Follow us on our social media accounts. Click on an icon below to throw us a like/follow/whatever! Daily Digest E-mail Sign up for the BOE Report's LEGENDARY daily digest e-mail; delivered to your inbox at 8 AM Mountain time, as well as breaking news alerts as soon as [Read more]
Headlines
Canada orders seizure of oil tanker carrying crude from Iraqi Kurdistan
The Federal Court of Canada has ordered the seizure of a 721,915-barrel cargo of crude from Kurdistan aboard the "Neverland" oil tanker on the request of the Iraq Oil Ministry, court documents show. The Iraq Oil Ministry has also filed a claim against commodity trading house Vitol S.A. and subsidiaries including Mansel Ltd, the charterer of the ship, and affiliate Finaval Spa di Navigazione, the owner of the ship, for $32.5 million. Iraq claims the cargo was unlawfully [Read more]
Tourmaline Updates Q2 2017 Activities
CALGARY, July 4, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide an update on its EP activities. The Company is currently operating 10 drilling rigs and will ramp to the full 18 rig fleet during the first half of July. Frac operations are underway on 4 of the 8 pads drilled during spring break-up. Approximately 175 new wells will be tied-in during the second half of 2017, across all three core complexes. Significant production [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. Jul. 3 Cement & Acid Equipment Operator Trican Well Service Ltd. Medicine Hat Jul. 3 Fracturing Equipment Operator Trican Well Service Ltd. Medicine Hat Jul. 3 Coiled Tubing Equipment Operator Trican Well [Read more]
Oil eases on U.S. holiday after 8 days of gains
Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in U.S. crude production may be slowing. Brent crude futures fell by 15 cents to $49.53 per barrel by 1138 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading down 12 cents at $46.95 a barrel. The falls came after both benchmarks recovered around 12 percent from their recent lows on June 21. Many traders closed positions ahead of [Read more]
Veresen Announces Closing of Additional Power Assets
CALGARY, ALBERTA--(Marketwired - July 4, 2017) - Veresen Inc. ("Veresen") (TSX:VSN) is pleased to announce it has closed the sale of certain additional power assets such that approximately two-thirds of previously announced total proceeds have been received to date. Veresen and its counterparties on the sale of the remaining power assets continue to make progress in securing all outstanding third party approvals and Veresen remains confident the company will successfully close the sale of its [Read more]
Pembina Pipeline Corporation Reaches Major Milestone by Placing Approximately $2.8 Billion of Integrated Assets into Service
CALGARY, July 4, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) announced that it has placed approximately $2.8 billion of integrated capital projects into service, including its Phase III pipeline expansion ("Phase III Expansion") and two connected major delivery points: the Company's third fractionator at Redwater ("RFS III") and its Canadian Diluent Hub ("CDH"). "At the outset of these projects, we committed to constructing large-scale, [Read more]
Perpetual Energy Announces Increase to Credit Facilities
CALGARY, July 4, 2017 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce that the Company has entered into a new reserve-based credit facility agreement which increases the borrowing capacity available by 100% to $40 million from the previous $20 million. The increase is a result of Perpetual's improved funds flow performance driven by high graded operations and strong drilling results in the Company's East Edson focus area, coupled with financing [Read more]
Eagle’s 2017 Annual Meeting Result Challenged by Unsuccessful Dissidents
CALGARY, ALBERTA--(Marketwired - July 4, 2017) - Eagle Energy Inc. (TSX:EGL) announced that dissident shareholders Kingsway Financial Services Inc. and Daniel Gundersen have commenced legal action against Eagle. The dissidents allege that Eagle's 2017 annual meeting on June 27 was improperly conducted. Eagle believes that the dissidents' allegations are completely without merit. The meeting was conducted in an impartial manner that was lawful, proper and fair to Eagle shareholders, despite [Read more]
East Shale Basin Tactical Insights
The East Shale Basin is HOT! More than half of the June 21st Alberta land sale bonus was paid for East Shale Basin acreage. Recent drilling activity, improving results and skyrocketing land prices of up to $5,000/ha are focussing attention on this emerging light oil play. With a number of important land sales and disposition packages on the horizon, parties interested in evaluating these opportunities will want to get up the learning curve fast. Canadian Discovery is leveraging its [Read more]