REGINA - Saskatchewan Premier Brad Wall says the federal government should consider cutting money intended to help developing countries tackle climate change and using it for research in Canada that could reduce global emissions. Wall wants to see the $2.6 billion Ottawa has earmarked for developing countries added to an existing $2-billion federal low-carbon economy trust. The premier says Saskatchewan has already laid the groundwork with a $1.5-billion carbon-capture facility [Read more]
Headlines
Blackbird Energy Inc. Provides Market Activity, Area and Operational Update
CALGARY, ALBERTA--(Marketwired - Oct. 18, 2016) - (TSX VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the "Company") wishes to provide an update regarding the Company's recent increased market activity. Blackbird believes that the Company's increased market activity is the result of the encouraging results of industry leaders in close proximity to Blackbird's lands, and Blackbird's recent operational achievements. Encana May 17, 2016 and October 5, 2016 Investor Days and [Read more]
Suncor and MCFN announce agreement for equity partnership in East Tank Farm Development
CALGARY, ALBERTA--(Marketwired - Oct. 17, 2016) - Suncor and Mikisew Cree First Nation (MCFN) today announced the signing of a participation agreement for the purchase by MCFN of a 14.7% interest in Suncor's East Tank Farm Development. Under the terms of the agreement, MCFN will pay 14.7% of the actual capital cost of the East Tank Farm Development once the assets become operational, which is currently anticipated to be in the second quarter of 2017. "We are very excited that MCFN has [Read more]
Majority of Canadians support pipeline projects, so why don’t these things get built?
According to many polls, the majority of Canadians support pipeline building in Canada - unfortunately, these things do not get built. First, CEPA, pipeline companies, Canada Action, Canada's Energy Citizens, Oil Respect, oil companies, and many people who work in the oil and gas industry deserve a tremendous amount of credit for winning public support. That is a huge accomplishment - especially considering the tremendous amount of money and misinformation that is hurled at them on a daily [Read more]
Quattro Exploration and Production Ltd Asset Sale
Quattro Exploration and Production Ltd.,(Quattro) has engaged NRG Divestitures to assist in the marketing and sale of its assets in British Columbia, Alberta and Saskatchewan. Quattro is a profit driven, low cost, conventional oil and natural gas producer that operates 87% of its production. Quattro has 44,338,754 outstanding class A common shares with a value of $28,522,513.00. The company’s portfolio consists of over 300 drilling locations and includes 6 oil and natural gas gathering and [Read more]
Canadian Oil and Gas Production: Older than the Country Itself
For optimal viewing, please use Firefox, Chrome, or Safari. The interactive charts may not load properly when using Internet Explorer. Western Canada is traditionally associated with oil and gas production but in truth, all provinces and territories have commercial production or have identified the existence of potential reservoirs.[1] Many wrongly believe that the first oil well was Edwin Drake's 1858 well in Pennsylvania, but in fact, the first commercial oil well in history was in Oil [Read more]
Zargon Oil & Gas Ltd. Announces Resignation of Chief Financial Officer and Corporate Reorganization
CALGARY, ALBERTA--(Marketwired - Oct. 17, 2016) - Zargon Oil & Gas Ltd. (TSX:ZAR) (TSX:ZAR.DB) ("Zargon") announces that Mr. Jeffrey Post has tendered his resignation as Chief Financial Officer of Zargon effective November 14, 2016 to pursue other opportunities. "We sincerely appreciate Jeff's professionalism, commitment and contributions to our company during the last seven years and we wish him the very best in his future endeavors," said Craig Hansen, President and Chief Executive [Read more]
Pipeline companies’ feeble communications efforts: no wonder nothing gets built
A pleasant aspect of writing for the BOE Report is the exposure to some truly interesting and thoughtful people. A necessary condition for getting the most of these interactions is to look past the preconceived notions that always leap to mind when reading a bombastic email. Sometimes stupid comments are just stupid comments, but often they are not at all, and the only way to find out is to pay close attention to what’s being said. Or, more importantly sometimes, what is missing. I recently [Read more]
Chinook Energy Announces Proposed Distribution of Shares of Craft Oil Ltd. to Chinook Shareholders and Provides Update in Respect of Craft Oil Ltd.
CALGARY, ALBERTA--(Marketwired - Oct. 17, 2016) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") announced today that it will undertake a plan of arrangement (the "Arrangement") under the Business Corporations Act (Alberta) to effect the distribution of all of the common shares (the "Craft Shares") of Craft Oil Ltd. ("Craft") (formerly, Tournament Exploration Ltd.) acquired by Chinook pursuant to the asset divestiture to Craft announced on June 13, 2016. Pursuant to the Arrangement, [Read more]
Craft Oil Ltd. Announces Material Asset Disposition
CALGARY, ALBERTA--(Marketwired - Oct. 17, 2016) - Craft Oil ("Craft") is pleased to announce it has entered into a Purchase and Sale Agreement dated September 30, 2016 to sell certain properties located in the Province of Alberta with approximately 1,934 boepd (68% gas) for gross proceeds of $13.5 million. Proceeds to be received are comprised of $9.0 million cash and $4.5 million of tradeable debentures. The transaction is expected to close on or about October 27, 2016. The transaction has [Read more]