Calgary, Alberta – Petro Viking Energy Inc. (“Petro Viking” or the “Company”) (CNSX:VIK.CN) is pleased to announce its 50% participation in the drilling of two wells. As announced on March 17th, the Company completed an acquisition increasing its Land Position by 300% and now holds mineral rights in 7,680 acres (3,840 acres net). Our 50% participation in these lands and the associated facilities are proving, as anticipated, to become the foundation of our current low-cost natural gas and [Read more]
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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 May. 25 Site Manager Roska DBO Grande Prairie May. 25 RIG WELDER Roska DBO Fort St John - Grande Prairie May. 25 Operator Roska DBO Grande Prairie May. [Read more]
Distinction Energy Corp. files first quarter 2021 results
CALGARY, Alberta - Distinction Energy Corp. (“Distinction” or the “Company”) announces that it has filed its first quarter financial statements and related management’s discussion and analysis for the three months ended March 31, 2021 with the Canadian securities regulatory authorities on SEDAR. About Distinction Energy Corp. Distinction is an oil and natural gas company based in Calgary, Alberta, focused on the exploration, development, and production of crude oil, natural gas and natural [Read more]
Alberta revives ‘turn-off-taps’ resources bill that sparked legal row with B.C.
EDMONTON - Alberta is reviving its so-called turn-off-the taps legislation, but with a few changes. Environment Minister Jason Nixon says a proposed bill with revisions would be retroactive to May 1, when the previous act expired following a two-year sunset clause. The original legislation was crafted by Alberta’s former NDP government and proclaimed as the first act of Premier Jason Kenney’s United Conservative government in April 2019. It was to be used as a last resort against [Read more]
Canadian crude-by-rail exports bounce back in March as pipeline capacity limited
CALGARY - The Canada Energy Regulator says Canadian crude-by-rail exports bounced back in March due to better oil production amid limited export pipeline capacity for heavy oil. It says exports rose 57 per cent to reach 175,580 barrels per day after 111,900 barrels per day were exported by rail in February. Exports in both months are down from 195,500 bpd in January and 350,570 in March 2020. Crude-by-rail numbers have been volatile in the past few years. Shipments reached a record [Read more]
U.S. to issue first cyber regulations for pipelines after hack
The U.S. government is preparing to issue its first cybersecurity regulations for pipelines after the Colonial Pipeline hack that disrupted fuel supplies in the southeastern United States, the Washington Post reported on Tuesday. The Transportation Security Administration, a unit of the Department of Homeland Security, would require pipeline companies to report cyber incidents to federal authorities, senior DHS officials told the newspaper. It planned to issue a security directive this [Read more]
Receivership sale: PwC – SanLing Energy Ltd.
Sayer Energy Advisors has been engaged to assist PricewaterhouseCoopers Inc., LIT (“PwC”) in its capacity as Court-appointed receiver (the “Receiver”) of SanLing Energy Ltd. (“SanLing” or the “Company”) with the sale of all of the Company’s oil and natural gas properties located in Alberta and British Columbia (the “Properties”). On April 23, 2021, the Receiver was appointed by the Court pursuant to an application made by the Orphan Well Association (“OWA”) and the BC Oil and Gas Commission [Read more]
Oil steady near week high as prospect of Iran glut wanes
Oil prices rose for a third day on Tuesday, holding around one-week highs after jumping more than 3% the previous session as investors tempered previous expectations of an early return of oil exporter Iran to international crude markets. U.S. West Texas Intermediate futures was up 35 cents, or 0.54% at $66.37 a barrel. Brent crude futures were up 24 cents, or 0.31%, at $68.60 a barrel. Indirect negotiations between the United States and Iran are due to resume in Vienna this week. Talks [Read more]
Putting in Back – McDaniel Webinar and case study on carbon sequestration
Join McDaniel geologists Francis Morin and Chase Gilbert on May 31st for a free webinar as they describe principles and methodologies for identifying potential enhanced oil recovery and saline sequestration targets. Their approach is inspired by best practices within the industry and has been embraced by multiple clients across Western Canada. Case study examples will be provided from projects in Alberta and Saskatchewan. McDaniel has evaluated the western Canada sedimentary basin to [Read more]
IEA’s urgent fossil fuel warning earns mixed reception from producers
A stark appeal by the world's top energy body to stop investment in new fossil fuel projects by next year has met a mixed reception from the world's top producers - from guarded praise and pledges to cut back on coal to outright defiance. The International Energy Agency said in its "Net Zero by 2050" report last week that investors should not fund new oil, gas and coal supply projects beyond this year if the world wants to reach net zero emissions by mid-century and meet the goals of the 2015 [Read more]