HOUSTON (Reuters) - Tropical Storm Harvey inflicted more damage on the heart of the U.S. energy industry overnight after flooding the biggest U.S. refiner in Texas and then churning into Louisiana, causing fuel shortages and high gasoline prices that could afflict the country for weeks. Harvey’s disruption of the petroleum industry has driven gasoline futures prices up 16 percent over the past week and prices at the pump are rising too, particularly in the South. About 4.2 million barrels of [Read more]
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Harvey’s Gulf Coast refining disruption expected to be measured in months
CALGARY - Canadian-owned refineries are expected to register higher profits as more U.S. Gulf Coast facilities are shut down due to ongoing extensive flooding from what's left of Hurricane Harvey. And some analysts say refinery outages in Texas that have already sparked higher gasoline prices in the United States and Canada will likely continue to affect North American fuel markets for months. "Gasoline prices moving higher, it does help all of the refiners," said Randy [Read more]
Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2017
CALGARY, Aug. 30, 2017 /CNW/ - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX-V: MEI) announces its financial and operating results for the second quarter of 2017. The full text of Manitok's second quarter results are contained in its unaudited and unreviewed condensed interim consolidated financial statements as at and for the three and six months ended June 30, 2017 and the related management's discussion and analysis, copies of which are available electronically on Manitok's [Read more]
XI Technologies – Regulatory Solutions Workshop
With over ten years of experience, XI Technologies (XI) provides the foremost suite of regulatory tools for the oil & gas industry. XI is hosting a complimentary workshop to provide an overview of these offerings: XI H2S Reports – Quickly assess a prospective drilling site for H2S Release Rate Potential. We provide the most reliable data to evaluate and calculate the potential H2S risks in your prospective locations. See blog post! H2S Complete – We take our H2S Reports a step [Read more]
Marksmen Energy Inc. Announces Consolidated Financial Result for 3 and 6 Months Ended June 30, 2017 and Update Regarding Private Placement
CALGARY, Alberta, Aug. 29, 2017 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (TSX-V:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and its wholly owned subsidiary Marksmen Energy USA, Inc. announces financial results for the interim 3 and 6 month period ended June 30, 2017 as well as an update regarding the current private placement. The following documents have been filed on SEDAR: Financial Statements Management’s Discussion and Analysis (“MD&A”) Form 52-109FV2 Certificate of [Read more]
Court rules B.C. will have intervener status in Trans Mountain pipeline case
OTTAWA - The Federal Court of Appeal is allowing British Columbia to be an intervener in a legal fight against the Trans Mountain pipeline expansion, but with some conditions. Several First Nations and municipalities filed legal challenges against Ottawa's approval of the $7.4-billion project that would triple the capacity of the Alberta-to-B.C. pipeline and increase tanker traffic from the Vancouver area to the south portion of Vancouver Island. B.C.'s new NDP government, which [Read more]
Connacher Announces Q2 2017 Results
CALGARY, Aug. 29, 2017 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2017 ("Q2 2017") (all amounts are in Canadian dollars unless otherwise noted). Connacher has posted four consecutive quarters with positive netbacks and two quarters with positive adjusted EBITDA for the first time since 2014. Improved pricing, major cost structure reductions while maintaining high operational [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. Aug. 29 Business Analyst Pine Cliff Energy Ltd. Calgary Aug. 29 Supervisor (Fracturing Services) STEP Energy Services Red Deer Aug. 29 Service Writer (Fracturing Services) STEP Energy Services Red [Read more]
Questfire Energy Corp. Announces 2017 Second Quarter Financial Results
CALGARY, Alberta, Aug. 29, 2017 (GLOBE NEWSWIRE) -- Questfire Energy Corp. (the “Corporation” or “Questfire”) (TSX Venture:Q.A) is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management’s discussion and analysis (“MD&A”) for the three and six months ended June 30, 2017. Financial and Operating Highlights Three months ended June 30, Six months ended June [Read more]
More than 18 pct of U.S. Gulf oil output shut in by Harvey
More than 18 percent of oil production in the Gulf of Mexico was shut in on Tuesday due to Harvey, the U.S. Department of the Interior’s Bureau of Safety Environmental Enforcement said. That equates to some 319,523 barrels of oil per day, out of roughly 1.75 million barrels pumped daily from the Gulf. The amount of production shut in was down from Monday, when more than 331,000 barrels were shut in. Meanwhile, 19.1 percent of natural gas production in the region, or 615.09 million cubic feet [Read more]