Oil prices rose on Monday, supported by improving economic data and supply cuts by major producers, though a spike in new coronavirus infections around the world capped the gains as some countries were forced to reimpose partial lockdowns. U.S. crude was up 60 cents, or 1.6%, at $39.09. Brent crude rose 52 cents, or 1.3%, to $41.54 a barrel by 1215 GMT. Both contracts had fallen almost $1 earlier in the session. Crude prices found some support as profits at China’s industrial firms [Read more]
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Interview with Dr. Leslyn Lewis
BOE Report publisher Josh Groberman had the opportunity to interview Dr. Leslyn Lewis about her bid for the leadership of the Conservative Party of Canada. Lewis is challenging preconceptions of who can succeed as a politician and believes that Canada needs strong, courageous and honest leadership more than ever. Have a listen to Leslyn's plans and her thoughts on Canada's current state: [Read more]
Hemisphere Energy Announces Renewal of Normal Course Issuer Bid
Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted the Company's Notice of Intention to renew its Normal Course Issuer Bid (the "NCIB") to purchase for cancellation, from time to time, as Hemisphere considers advisable, up to 7,869,931 common shares ("Common Shares") of the Company, representing approximately ten percent (10%) of the current public float of the [Read more]
Free Rein completes strategic joint venture partnership for new water disposal site in Golden Spike area
Calgary, AB - Free Rein Resources Ltd. (“Free Rein”), a private oil and gas exploration company with operations in Central Alberta, announces the completion of the Joint Venture Partnership with Nucor Environmental Solutions Ltd. (“NES”) to construct a water disposal site located between Devon and Spruce Grove in Alberta. NES will begin constructing the site June 2020, and will begin operations late July 2020. This site will commence with ‘Class II’ injection [Read more]
TransGlobe Energy Corporation announces an operations update
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta - TransGlobe Energy Corporation (“TransGlobe” or the “Company”) announces an operations update. All dollar values are expressed in US dollars unless otherwise stated. UPDATES Production has averaged 14,447 Boepd in Q2 2020 to date (April [Read more]
Kenney says ambitious, long-term Alberta economy reboot plan coming Monday
GRANDE PRAIRIE, Alta. - Premier Jason Kenney says his government's blueprint to reboot Alberta's distressed economy will be announced Monday in Calgary. "It will be a bold and ambitious plan to make strategic investments to get people working right now when we need it most, but also to invest in the long-term productivity of our economy," Kenney said Friday. He said it will involve the largest ever spending on public infrastructure, including areas such as health care and [Read more]
Toscana Energy announces first quarter 2020 results
CALGARY, Alberta - Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces financial and operating results for the first quarter ended March 31, 2020. Financial and operating results: This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2020. This news release should not be considered a substitute for [Read more]
U.S./Canadian oil & gas rig count falls to record low again
U.S. and Canadian energy firms cut the number of oil and natural gas rigs operating to a record low again this week even as higher oil prices prompt some producers to start drilling again. In Canada, the oil and gas rig count fell by four this week to a fresh all-time low of 13, according to Baker Hughes. That was 111 rigs, or 90%, below this time last year. The U.S. oil and gas rig count, an early indicator of future output, fell by one to an all-time low of 265 in the week to June 26, [Read more]
Alberta probe into foreign funding of anti-oil groups extended to October
EDMONTON - Alberta's public inquiry into whether foreign money is bankrolling anti-oil protests in Canada is going into overtime. Energy Minister Sonya Savage says the initial findings from the inquiry's commissioner, Steve Allan, show more work is needed to complete the final report. So, Savage says the government is extending the deadline for the report to Oct. 30 from July 2. Also, an extra $1 million will be added to the existing $2.5-million budget. The cash will be diverted [Read more]
The next water frontier – saline aquifers & mineral rights
“In the near future – and sooner than most anticipate – there will be a significant reallocation of capital.” – Larry Fink, CEO of BlackRock Why should anyone care about oilfield “alternative water sourcing”? As an innovative company, Connate Water Solutions stays at the forefront of frac water management and alternative water sourcing in Alberta, Texas and New Mexico. The replacement alternative water sources are likely to be a combination of saline groundwater, recycled produced water, [Read more]