Today, let’s put on philosopher hats. I have no idea what they look like, presumably some sort of antisocial adornment that makes sense to those that examine the nature of truth, existence, knowledge, and ethics. Given that background, perhaps on some days, they wear a colander, on others a wooden box, or maybe something made out of twigs and leaves. If you think I’ve taken leave of my senses, I’ll grant you that - you could be right. But I'm not alone. More frighteningly, so have [Read more]
Headlines
White Whale’s production forecasting solution with AI
The heavily nuanced and complex landscape of the energy industry, especially in the case of unconventional reservoirs, has led to a significant breakthrough in the converging worlds of energy and data analytics. Following years of iterative development in collaboration with some of the top producers in the region, Calgary-based White Whale Analytics has released its latest oil and gas solution. DeepSea is a versatile end-to-end AI platform with applications in a wide variety of industries and [Read more]
Suncor and ATCO partner on a potential world-scale clean hydrogen project in Alberta
Our ATCO/Suncor decision to collaborate on this potential project follows welcome messages of support from both the Government of Canada and the Government of Alberta for emission-reduction projects and infrastructure. Such collaboration between governments and business and across sectors will be critical to progressing this project and achieving Canada's net zero by 2050 goals. Project would produce more than 300,000 tonnes per year of clean hydrogen using advanced technology to capture more [Read more]
Spartan Delta Corp. delivers record operating and financial results for the first quarter 2021
CALGARY, AB - Spartan Delta Corp. ("Spartan" or the "Company") (TSXV: SDE) is pleased to report its unaudited financial and operating results for the three months ended March 31, 2021. MESSAGE TO SHAREHOLDERS In the first quarter of 2021, Spartan delivered record average production of 31,914 BOE per day and generated Adjusted Funds Flow of $34.6 million. Production volumes were up 23% from the previous quarter and Adjusted Funds Flow more than doubled from $16.8 million in the fourth [Read more]
Heavy crude discount tightens
Canadian heavy crude's discount to West Texas Intermediate (WTI) narrowed on Monday. Western Canada Select (WCS) heavy blend crude for June delivery in Hardisty, Alberta, narrowed to last trade at $13.30 per barrel below WTI, according to NE2 Canada Inc, tightening from Friday's discount of $13.90 per barrel below the benchmark. Light synthetic crude from the oil sands for June delivery settled at 50 cents per barrel below WTI, according to NE2. On Friday it settled at 85 cents below U.S. [Read more]
Oilsands producers step up anti-pandemic measures as outbreaks rise in region
CALGARY - Oilsands companies are stepping up protective measures as a spate of COVID-19 cases sweeps through the region at the same time that thousands of workers are being brought in for spring maintenance shutdowns at various plants. In Friday's update, Alberta reported 3,749 active cases in the North Zone that includes Fort McMurray, with outbreaks identified at several work lodges as well as at production facilities operated by oilsands producers including Suncor Energy Inc., Syncrude, [Read more]
Line 5 shutdown would cause at least $20.8B in losses to Michigan, Ohio, Indiana and Pennsylvania, analysis finds
Consumer Energy Alliance Releases Report Highlighting Economic Impacts to Midwest and Great Lakes Consumers from Reckless Line 5 Closure LANSING, Mich. - An unnecessary and premature shutdown of the Line 5 pipeline risks at least 33,000 jobs and a minimum of $20.8 billion in economic losses to consumers in Michigan, Ohio, Indiana and Pennsylvania, an independent third-party analysis requested by Consumer Energy Alliance (CEA) finds. Weinstein, Clower and Associates used the IMPLAN economic [Read more]
Knowns and unknowns about the hack at Colonial Pipeline
Ransom-seeking hackers have broken into Colonial Pipeline, prompting the company to shut one of America's major arteries for fuel delivery. Here is a look at what we know, and what we don't, about one of the most disruptive digital shakedown efforts to hit a U.S. company. Who is Involved? Alpharetta, Georgia-based Colonial Pipeline and the U.S. government have both blamed ransomware for the massive outage, pointing the finger at cybercriminal gangs who routinely hold data and computer [Read more]
Get ahead of the curve by advertising on the BOE Report
As working digitally continues to be the norm and decision makers aren't working down the street anymore, advertising online is becoming increasingly valuable. By marketing now, you can get ahead of the curve on those who are waiting for things to kick back up. Over 1,200,000 users (primarily in Canada), visited the BOE Report in 2020. In the most tumultuous year in the energy industry’s history, the BOE Report was the go-to place for news, commodity pricing and oil and gas [Read more]
Athabasca Oil Corporation announces further Hangingstone cost reductions
CALGARY, Alberta - Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce that it has executed an amending Hangingstone Transportation and Storage Services Agreement (“TSSA”) that resulted in a $44 million prepayment from restricted cash and a ~$5 million reduction to annual tolls. The amended TSSA reduces Hangingstone’s dilbit financial assurances by ~$44 million to ~$27 million. The reduction in financial assurances unlocked restricted cash on the Company’s [Read more]