CALGARY, AB – March 14, 2016 – Sproule Associates Limited (“Sproule”) and Gas Processing Management Inc. (“GPMi”) are pleased to announce collaboration on the publication of oil, gas and natural gas liquids price forecasts as part of the Sproule-GPMi strategic alliance. Sproule has been providing price forecasts to the oil and gas industry for over 40 years for use in reserves and resources evaluations, M&A related due diligence and field development planning projects. The integration of [Read more]
Headlines
Reducing methane emissions: for politicians and environmentalists a blessing in the skies, for industry a blessing in disguise
Recently, US President Barack Obama and Canadian Prime Minister Justin Trudeau discussed the importance of reducing methane gas emissions from oil and gas operations. Both countries have plans to limit fugitive gas emissions, which are far more complicit in greenhouse gas effects than carbon dioxide. Predictably, responses were split along the established and boring battle lines, with environmentalists cheering and energy industry groups lowering the flags to half-mast. Rather than get caught up [Read more]
Employers’ group letter asks Alberta government to stop ‘undermining’ business
EDMONTON - Alberta's finance minister is reminding a group of businesses seeking tax and wage relief that the province is already the lowest taxed jurisdiction in Canada.Joe Ceci also said Monday the tax changes being implemented by the NDP government won't change that and will put the province on a sounder footing."We have the lowest taxes overall of any province or territory in this country," Ceci told reporters at the legislature."The things we're doing put us on a better fiscal basis going [Read more]
Northern Blizzard Resources Inc. Announces Fourth Quarter & Year-End 2015 Results, 2015 Year-End Reserves and Declares Dividend
CALGARY, March 14, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard" or the "Company") (TSX: NBZ) announces its operating and financial results for the three months and year ended December 31, 2015 and 2015 year-end reserves. Northern Blizzard's financial statements, management's discussion and analysis ("MD&A") and annual information form ("AIF") for the year ended December 31, 2015 are available on our website at www.northernblizzard.com and on SEDAR at [Read more]
BOEReport.com is an Official Media Partner for this year’s Global Petroleum Show
BOEReport.com is pleased to be an Official Media Partner for this year’s Global Petroleum Show. “With extensive real-time news and information on the energy industry and interactive drilling maps and property listings, BOEreport.com allows our event exhibitors, attendees, and partners to stay up to date on a variety of relevant topics to help their business maximize opportunities in the current economic climate,” says Aaron Wilson, Senior Marketing Manager for dmg :: events global [Read more]
Harvest Operations Reports 2015 Year End Results
CALGARY, ALBERTA--(Marketwired - March 11, 2016) - Harvest Operations Corp. ("Harvest" or the "Company") announced its financial and operating results for the fourth quarter and full year ended December 31, 2015. This press release is an overview of the fourth quarter and full year results for 2015 and should be read with the audited consolidated financial statements and Management's Discussion and Analysis (MD&A) for the fourth quarter and full year ended December 31, 2015 available on the [Read more]
US rig count drops 9 this week to all-time low of 480
HOUSTON - The number of rigs exploring for oil and natural gas in the U.S. declined by 9 this week to 480, a record low and another sign of the continuing economic woes in the oil and gas industry.The number of rigs seeking oil was at 386 while 94 explored for natural gas, Houston-based oilfield services company Baker Hughes Inc. said Friday.A year ago, 1,125 rigs were active. At the recent boom's height, the count had climbed to 1,931 in September 2014. But it has steadily fallen since then as [Read more]
Tale of two cities: Jobless rate in Calgary surpasses Windsor, Ont.
CALGARY - The tale of two Canadian cities seems to have been turned on its head, with the unemployment rate in Calgary surpassing that of Windsor, Ont.Statistics Canada job figures for February show an unemployment rate of 8.4 per cent in Calgary, the epicentre of the country's oil wealth before the latest crude crash.In Windsor, hit hard by the downturn in the automotive sector in recent years, the jobless rate was at 7.7 per cent last month.Mike Moffatt, an economist at Western University in [Read more]
Connacher Announces Process to Review Capital Structure and Deferral of Interest on the 12% Convertible Notes
CALGARY, March 11, 2016 /CNW/ - Connacher Oil and Gas Limited (CLC – TSX; "Connacher" or the "Company") announced today that its Board of Directors has initiated a process to investigate, evaluate and consider possible financing and restructuring alternatives available to the Company and has formed a special committee to assist the Board in this process. Connacher does not intend to make any further announcements in respect of this matter unless and until its Board of Directors has approved a [Read more]
Royal Bank cites low oil prices in lowering GDP forecast to 1.7 per cent
TORONTO - Royal Bank says low oil prices will make 2016 more challenging for Canada's economy than previously thought.The bank has lowered its forecast for this year's gross domestic product to just 1.7 per cent.That's down from RBC's December forecast of 2.2 per cent growth this year.RBC continues to expect Canada's economic growth will be underpinned by solid consumer spending, stronger exports and stimulus from the federal government.But it says oil prices were lower than estimated early this [Read more]