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Headlines

B.C. fuel up 4 cents, more hikes due as ‘bumpy’ year looms at pumps: expert

January 4, 201912:00 PM The Canadian Press0 Comments

VANCOUVER - Extreme volatility in oil markets has resulted in a price jump for gasoline of four cents a litre in Metro Vancouver and an analyst predicts a further hike could arrive within days. Dan McTeague, a senior petroleum analyst at GasBuddy.com, says Vancouver residents will be the "poster children" for what he expects will be a wild year for gas prices Canada-wide. He says the four-cent increase is the culmination of a series of events, including the explosion of the Enbridge [Read more]

Enbridge

Canada Weekly Rig Count Up 6 to 76

January 4, 201911:29 AM BOE Report Staff

Alberta drilling rig

Western Canada’s fleet of drilling rigs increased by 6  rigs to a total of 76 according to data collected by Baker Hughes for the week of January 4th. From last Friday, Alberta rig counts went from 57 to 61. Saskatchewan's rig count went from 0 to 2. Oil drilling went from 15 to 20; natural gas rigs increased from 55 to 56. View a full breakdown of western Canada’s rig activity. [Read more]

U.S. oil drillers cut rigs for first week in three

January 4, 201911:25 AM Reuters0 Comments

U.S. energy firms cut oil rigs for the first time in three weeks as producers started to reduce their 2019 drilling plans with the collapse in crude prices at the end of last year. Drillers cut eight oil rigs in the week to Jan. 4, bringing the total count down to 877, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future output, is still much higher than a year ago when 742 rigs were active [Read more]

Peyto Exploration & Development Corp. Announces Closing of Private Placement of Senior Notes

January 3, 20193:00 PM Globe Newswire

Peyto Exploration

CALGARY, Alberta, Jan. 03, 2019 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") is pleased to confirm that it has closed an issuance of CDN$100 million of senior unsecured notes.  The notes have a coupon rate of 4.39% and mature on January 3, 2026.  The notes were issued by way of a private placement pursuant to a note purchase agreement and rank equally with Peyto's obligations under its bank facility and existing note purchase agreements. Interest will be [Read more]

Peyto Exploration

Op-Ed: Benefits of Sable Will Flow to Nova Scotians

January 3, 20198:40 AM BOE Report Staff0 Comments

The following is an op-ed from Nova Scotia Energy and Mines Minister Derek Mombourquette A few days ago, one chapter of Nova Scotia's offshore story came to an end when the Sable Offshore Energy Project delivered the last of its gas to our province. While production has ended, the legacy and benefits Sable brought to Nova Scotians will last for many years to come. Over 20 years, our province received nearly $4 billion in payments as a result of Sable. On top of that, the companies that [Read more]

Column

Canadian energy truck convoy: Ottawa, get ready to meet some strapping, hard-working, long-lost cousins for the first time

January 3, 20196:55 AM Terry Etam0 Comments

So you think you know trucks, most people think they do… but unless you are involved with operating one, you probably don’t know them very well at all.  Trucks are often nothing more than obstacles, big bloated things that annoy you on the freeway, block the view, and accelerate like they are loaded with three planets. On the other hand, for people that build stuff, and move stuff, and make the world go ‘round, trucks are the silent (OK, nearly silent) heroes of the world. Industrial trucks [Read more]

Advocacy Column

Critical Control Energy Services is hosting an exclusive Flow and Corrosion Modeling training session with Bich Nguyen

January 3, 20192:45 AM BOE Report Staff

Bich has over 30 years of industry experience as a Metallurgical Engineer. During his years of tenure as the Head Corrosion Engineer at Shell Canada, Bich oversaw pipeline and asset integrity at Shell Canada with a focus on pipeline corrosion modeling, mitigating and monitoring. He has led international Pipeline Corrosion Mechanisms, Mitigation and Monitoring Seminars since 1999. Bich has published over 16 papers throughout his accomplished career and was also involved in the refinement of [Read more]

Shell

Western Canada oil prices remain strong as Alberta production cutbacks kick in

January 2, 20194:20 PM The Canadian Press0 Comments

CALGARY - Crude oil prices in Western Canada remained elevated on Wednesday, the day after provincially mandated oil production curtailments came into force, but a government spokesman says it's too early to say how long the program will remain in place. The difference between Western Canadian Select bitumen-blend heavy oil and New York-traded West Texas Intermediate oil prices was about US$12.50 per barrel on Wednesday afternoon, according to Calgary oil brokerage Net Energy, an improvement [Read more]

Enbridge Husky Energy Pengrowth Energy PrairieSky Royalty Suncor

Syncrude to pay over $2.7M to settle charges in Alberta blue heron deaths

January 2, 20194:16 PM The Canadian Press0 Comments

FORT MCMURRAY, Alta. - Syncrude has pleaded guilty and been fined more than $2.7 million in the deaths of 31 great blue herons at one of its oilsands mines north of Fort McMurray. An agreed statement of facts says Syncrude has admitted that an abandoned sump pond in which the birds were found didn't have deterrents to keep waterfowl from landing on it, even though the pond met criteria for being high risk. "For a three-month period between May and August of 2015, the external sump met the [Read more]

Suncor Syncrude

Eagle Energy Provides Operational Update and Enters into a Forbearance Agreement

January 2, 20191:51 PM CNW

CALGARY, Jan. 2, 2019 /CNW/ - (TSX : EGL):  Eagle Energy Inc. ("Eagle") provides an operational update on its North Texas development program and announces that it has entered into a forbearance agreement with its lenders. Operational Update Wayne Wisniewski, President and Chief Executive Officer of Eagle, stated, "We are pleased to report updated production for the Robinson 2H, our most recent North Texas horizontal well.  The initial production rate for 30 days ("IP30") for the well was [Read more]

Eagle Energy

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