Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like Wednesday Word to the Wise delivered directly to your inbox, subscribe here. The Montney has seen a lot of action in recent A&D activity as new players look for opportunities in this prolific play. Today, we’ll draw on XI Technologies’ enriched industry data to offer a few [Read more]
Headlines
Cardinal Energy Ltd. announces 2020 year-end reserves
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX:CJ) is pleased to present the results of its independent reserve report effective December 31, 2020. One hundred percent of Cardinal's year-end 2020 reserves were evaluated by independent reserves evaluator GLJ Ltd. ("GLJ") as at December 31, 2020 (the "2020 Reserve Report"). The 2020 financial information in this press release is unaudited and accordingly, such financial information is subject to change based on the [Read more]
NuVista Energy Ltd. announces year end 2020 reserves, financial and operating results
CALGARY, Alberta - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce reserves, financial and operating results for the three months and year ended December 31, 2020, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. 2020 was an unprecedented year where the world saw the COVID-19 pandemic deeply affecting all economies and temporarily reducing the demand for oil and natural gas [Read more]
Suncor Energy announces significant progress on debt management and reduction and the pricing of US$ 750 million notes offering and CAD$ 500 million medium term notes offering
CALGARY, Alberta - Suncor Energy Inc. (Suncor or the company) remains focused on maintaining the financial health and resiliency of the company. Consistent with its debt management and reduction strategy, Suncor announces the expected repayment of short-term commercial paper with the net proceeds from the issue of the Notes (as defined below), the early cancellation of the bi-lateral credit facilities that were entered into to ensure access to adequate financial resources in connection with 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 Mar. 2 Electrical Project Coordinator Strike Group Calgary Mar. 1 Summer Student - Gordondale AltaGas Dawson Creek Mar. 1 Summer Student, Relief [Read more]
Natural gas can help solve climate change, industry reminds policymakers
The energy industry wants policy makers to remember that natural gas can and should be part of the solution in solving climate change, executives said at a conference on Tuesday. "The most important thing to continue to impress upon the policymakers is natural gas can and should be a big part of the climate change solutions," Michele Harradence, SVP and chief operations officer gas transmission and midstream at Enbridge Inc, said at IHS Markit's CERAWeek. She noted gas has already "done a [Read more]
Waterous Energy Fund completes takeover of Osum Oil Sands Corp
Private equity firm Waterous Energy Fund succeeded in its bid to take controlling interest in Osum Oil Sands on Wednesday, days after the Canadian oil producer's board ended its opposition to the deal. Osum had earlier rejected Waterous' original offer to take over the company, calling it inadequate. However, last week, the company's board withdrew its recommendation that shareholders reject Waterous' approach after a sweetened bid. The deal comes as consolidation heats up in the Canadian [Read more]
Government policies, economics creating market for carbon capture -Exxon CEO
Improving economics and government policies are creating opportunities for carbon capture and storage, Exxon Mobil Chief Executive Darren Woods said at an energy conference on Tuesday. Exxon, under pressure from activist investors who want the company to develop more ambitious plans for the energy transition, recently launched a Low Carbon Solutions business to focus on carbon capture and storage. Exxon will "leverage into what we see as a converging set of forces," Woods said at IHS [Read more]
Waterous Energy Fund announces successful take-over bid for Osum Oil Sands Corp., commencement of mandatory 10-day tender extension period, and voluntary resignation of Osum directors and officers
CALGARY, AB - Waterous Energy Fund ("WEF") and its subsidiary WEF Osum Acquisition Corp. (the "Offeror") are pleased to announce that each of the conditions to the offer dated November 4, 2020, as amended, to acquire up to 57,000,000 common shares ("Osum Shares") of Osum Oil Sands Corp. ("Osum") at a price of $3.00 per share (the "Offer") have been satisfied, including the condition prescribed by applicable securities laws that more than 50% of the Osum Shares not owned by WEF be tendered to the [Read more]
Energy industry starting to recover, balance likely by 2022 – Baker Hughes CEO
The energy industry is already starting to recover from one the worst years in recent history after the coronavirus pandemic roiled global markets, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday during CERAWeek by IHS Markit. “As you look at supply and demand equation, we’re seeing that there will be a recovery in 2021 with an even more balanced market going into 2022,” said Simonelli, the head of energy services firm Baker Hughes Co. The energy industry was rocked by a collapse [Read more]