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 Apr. 30 Senior Regulatory Analyst TC Energy Calgary Apr. 30 Business Continuity Specialist TC Energy Calgary Apr. 29 Keystone KXL Senior Environment Advisor TC [Read more]
Headlines
Suncor Energy reports first quarter 2020 results
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards, specifically International Accounting Standard 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, except for Libya, which is on an economic basis. Certain financial measures referred to in this [Read more]
Enbridge converts idled Mainline export system pipeline for crude storage
CALGARY - Analysts say an Enbridge Inc. plan to use an idled leg of its Mainline pipeline system to store surplus Western Canadian oil will help offset lower volumes on the system as U.S. refineries buy less oil to match lower demand. Enbridge has applied to the Canada Energy Regulator for permission to use a portion of its Line 3 pipeline in Saskatchewan and Manitoba to store about 900,000 barrels of oil starting June 1. The pipeline is scheduled to be decommissioned next year after it [Read more]
Devon reports bigger quarterly loss on $2.8 bln impairment charge
Oil and gas producer Devon Energy on Tuesday reported a bigger quarterly loss as it took a non-cash impairment charge of $2.8 billion, and said it expects to cut 10,000 barrels of oil per day in the second quarter as oil prices cratered to historic lows. Net loss attributable to the company was $1.82 billion, or $4.82 per share, in the first quarter, from a loss of $317 million, or 74 cents per share, a year earlier. Total production rose to 348,000 barrels of oil equivalent per day [Read more]
TORC Oil & Gas Ltd. announces first quarter 2020 financial & operating results and corporate update
CALGARY - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce financial and operating results for the three months ended March 31, 2020. The associated Management's Discussion and Analysis ("MD&A") and unaudited interim financial statements as at and for the quarter ended March 31, 2020 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended (in thousands, except per share [Read more]
No injuries after Enbridge’s natgas pipeline explodes in Kentucky
No injuries were reported in an explosion on Enbridge's Line 10 pipeline, part of its Texas Eastern Natural Gas System, in a wooded area in Fleming County, Kentucky on Monday evening, WKYT news reported on its website. "Our crews are on site and have secured the area. The impacted section of pipe was shut-in following the incident and remains isolated," Enbridge earlier said in an update on its website, referring to an "incident" on the 30-inch pipeline. The company did not respond to a [Read more]
Freehold Royalties Ltd. announces first quarter 2020 results
CALGARY, Alberta - Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces first quarter results for the period ended March 31, 2020. Results at a Glance Three Months Ended March 31 FINANCIAL ($000s, except as noted) 2020 2019 Change Royalty and other revenue 26,284 35,609 -26 % Net income (loss) (9,022 ) (7,079 ) -27 % Per share, basic and diluted ($)(1) (0.08 ) (0.06 ) -33 % Funds from [Read more]
Heavy discount widens as lockdown restrictions ease
Canadian heavy crude's discount widened versus the U.S. benchmark West Texas Intermediate (WTI) on Tuesday, as moves by some countries to ease lockdown measures propelled global oil prices while data showed Canadian crude oil exports to the U.S. fell. Canadian oil exports to the United States dropped to 3.74 million barrels per day (bpd) in March, down 130,000 bpd from 3.87 million bpd in February, Statistics Canada said on Tuesday. Western Canada Select (WCS) heavy blend crude for June [Read more]
TORC Oil & Gas Ltd. announces first quarter 2020 financial & operating results and corporate update
CALGARY - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce financial and operating results for the three months ended March 31, 2020. The associated Management's Discussion and Analysis ("MD&A") and unaudited interim financial statements as at and for the quarter ended March 31, 2020 can be found at www.sedar.com and www.torcoil.com. Highlights Three months ended (in thousands, except per share [Read more]
Saudi Arabia’s oil exports to drop in May as demand slides
Saudi Arabia's crude oil exports in May are expected to drop to about 6 million barrels per day (bpd), the lowest in almost a decade, and domestic refining output is likely to fall as the coronavirus crisis hits demand, industry sources and analysts say. The world's top oil exporter will cut crude production by 23% to about 8.5 million bpd in May and June, under a supply reduction pact with OPEC+ alliance to shore up prices hammered by demand destruction due to the coronavirus-related [Read more]