Calgary, Alberta - Petro Viking Energy Inc. (“Petro Viking” or the “Company”) (CNSX:VIK.CN) is pleased to announce the completion of the Acquisition of mineral rights, increasing its land position by 300% in West Central Alberta. As a result of the acquisition, the Company now holds a 50% interest in 7,680 acres of mineral rights, (3,840 acres net). The completion of this acquisition positions the Company with additional opportunities for growth in its core Area immediately adding 10 locations [Read more]
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Petro Viking announces listing on the Canadian Securities Exchange
Calgary, Alberta - Petro Viking Energy Inc. (“Petro Viking” or the “Company”) (CNSX:VIK.CN) is very pleased to announce that the Company’s common shares have been approved for listing on the Canadian Securities Exchange (the “CSE”) and begun trading on the CSE as of March 5, 2021 under the ticker symbol “VIK.” Gregory Doucette, Chief Executive Officer of the Company said, “I am very excited to share this announcement as it represents a significant milestone for the Company and its shareholders. [Read more]
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 Mar. 23 Operations Engineer ELM Inc. Calgary Mar. 22 Office Administrator Temporary Contract Position Strike Group Bonnyville Mar. 22 Intermediate/Senior [Read more]
Proposed $2.6B Alberta methanol project inks deal to add carbon capture ability
CALGARY - A partner in an Alberta carbon capture and storage project that recently celebrated storing its one millionth tonne of CO2 says it has an agreement with a northwestern Alberta chemical plant developer that could result in building a second large-scale system. Privately held Enhance Energy Inc. says it has agreed with Nauticol Energy Ltd. to work together on the capture and sequestration of up to one million tonnes of CO2 per year from Nauticol's $2.6-billion proposed methanol [Read more]
Modest employment recovery expected for Canada’s oil and gas industry workforce by 2023
Canada’s oil and gas industry workforce can expect to see some further contraction in 2021 but modest employment growth will follow over 2022 and 2023, says a labour market outlook released today by the PetroLMI Division of Energy Safety Canada. According to the forecast, the industry’s direct employment is projected to rise to about 176,000 by 2023 surpassing 2020 levels but falling short of the 2019 employment level of 188,800 workers. “A strong energy industry will be an important component [Read more]
CP Rail/KCS rail merger to unite loading and unloading links for bitumen transport
CALGARY - A partner in a project designed to allow more oilsands bitumen to be shipped by rail from Canada to the U.S. says the US$25-billion merger of Canadian Pacific Railway Ltd. and U.S. rival Kansas City Southern promises to provide additional benefits. Jim Albertson, senior vice-president of the Canadian business unit for Houston-based USD Group, says CP Rail and KCS have been "instrumental" in moving forward Western Canada's first diluent recovery unit (DRU) now under construction at [Read more]
Strategic alternatives process: Briko Energy Corp.
Briko Energy Corp. (“Briko” or the “Company”) has engaged Sayer Energy Advisors to assist the Company with a strategic alternatives process. The Company is open to reviewing all alternatives, with potential outcomes to this process including, but not limited to, a sale of some or all of the assets, a recapitalization of the Company or a sale or merger of the Company. Briko is a junior oil and natural gas company which commenced operations on December 20, 2018 resulting from the plan of [Read more]
Canadian oil patch braces for more deals after record start to 2021
Mergers and acquisitions in Canada's oil and gas sector had a record start to the year in 2021 as companies took advantage of improved oil price expectations amid the pandemic recovery, and many industry participants expect the trend to continue. The flurry of deals underscores the Canadian energy sector's desire to grow to benefit from the rebound in oil prices as global fuel demand picks up. It also reflects smaller companies betting on economies of scale. "As the funding markets have [Read more]
What do we do with CO2?
Much has been said recently about reaching net-zero targets and minimizing our carbon footprint. In December 2020, the Canadian government released the Hydrogen Strategy for Canada, which lays out a detailed framework for actions that will utilize hydrogen as a tool to achieve our goal of net-zero emissions by 2050. A key factor in achieving this success will be to generate blue hydrogen from the abundance of hydrocarbons that sit in the Western Canadian Sedimentary Basin. However, to [Read more]
Join the EMBA scene at an interactive virtual event for executives
Join the Executive MBA scene. Expand your network of senior managers and visionary leaders. Premier EMBA gathers ambitious business school aspirants for productive virtual networking sessions with Rotman Executive MBA, HEC Paris EMBA, IE Business School, and more. Date: Wednesday, March 31, 2021 Place: Online event platform Executives will connect with successful alumni and representatives of some of the world’s top 50 EMBA programmes from the Financial Times Executive MBA [Read more]