U.S. oil prices jumped on Wednesday, trimming some of this week's losses, after U.S. stockpiles rose less than expected and on expectations demand will increase as some European countries and U.S. cities moved to ease coronavirus lockdowns. U.S. West Texas Intermediate (WTI) crude futures climbed to $15.34 a barrel, or 15.6%. Brent crude futures rose 8.1%, or $1.71, to $22.66 a barrel. U.S. crude inventories rose by 10 million barrels to 510 million barrels in the week to April 24, [Read more]
Headlines
XI Technologies: how producers can capitalize on Alberta’s Site Rehabilitation Program
Each week, XI Technologies scans its unique combination of enhanced industry data to provide trends and insights that have value for professionals doing business in the WCSB. If you’d like to receive our Wednesday Word to the Wise in your inbox, subscribe here. The various efforts of both the provincial and federal government to assist the industry as it struggles through the dual challenges of COVID-19 and catastrophic commodity pricing have largely been focused on liability retirements for [Read more]
Leucrotta Announces Q4 2019 Financial and Operating Results
Calgary, Alberta - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2019. All dollar figures are Canadian dollars unless otherwise noted. FINANCIAL RESULTS Three Months Ended December 31 Year Ended December 31 ($000s, except per share amounts) 2019 2018 % Change 2019 2018 % [Read more]
Husky Energy reports first quarter 2020 results
This news release contains references to the non-GAAP financial measures “funds from operations”, “free cash flow”, “net debt”, “operating margin” and “net debt to trailing funds from operations.” Please refer to “Non-GAAP Measures” at the end of this news release. CALGARY, Alberta - Husky Energy (TSX:HSE) recorded funds from operations of $25 million in the first quarter, with cash flow from operating activities, including changes in working capital, of $355 million. Funds from operations were [Read more]
CNOOC Limited announces key operational statistics for Q1 2020
HONG KONG - CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the first quarter of 2020. The Company achieved a total net production of 131.5 million barrels of oil equivalent ("BOE") for the first quarter of 2020, representing an increase of 9.5% year-over-year ("YoY"). Production from China increased by 9.7% YoY to 87.1 million BOE, mainly attributable to commencement of new projects and the acquisition of China United [Read more]
Cenovus reports first-quarter 2020 results
CALGARY, Alberta - Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to deliver safe and reliable operations in the first quarter of 2020 while demonstrating its ability to take swift and decisive steps to enhance its financial resilience and protect its balance sheet in the face of the global macro-economic challenges caused by the COVID-19 pandemic. The company’s first-quarter financial results were impacted by the significant decline in global demand and pricing for crude oil and refined [Read more]
Clearview Resources Ltd. reports year end results
CALGARY - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to announce its financial and operational results for the twelve months ended December 31, 2019. Change in Year End During the prior year, the Board of Directors approved changing the Company's fiscal year end from March 31 to December 31. Consequently, this press release is a review of the financial position and results of operations of the Company for the three months ended December 31, 2019 as [Read more]
Highwood Oil Company Ltd. Announces 2019 fourth quarter and year-end financial and operating results and 2019 year-end reserves along with an update on the red earth divestiture
CALGARY - Highwood Oil Company Ltd., ("HOCL" or the "Corporation") (TSXV: HOCL) is pleased to announce financial and operating results for the three months and twelve months ended December 31, 2019 and to provide the results of its independent oil and gas reserves evaluation as of December 31, 2019, prepared by GLJ Petroleum Consultants Ltd. ("GLJ"). Associated Management's Discussion and Analysis ("MD&A") dated April 28, 2020 and audited financial statements as at and for the year ended [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 Apr. 28 Mechanical Design Engineer Brunel Kanata Apr. 27 Area Project Engineer Brunel Sarnia Apr. 26 Project Advisor TC Energy Calgary Apr. [Read more]
U.S. court ruling could threaten pipeline projects with delays
Several major U.S. oil and natural gas pipeline projects could be at risk of delays after a U.S. district judge in Montana this month said the Army Corps of Engineers had inappropriately used a national permit program, energy analysts said on Tuesday. Chief U.S. District Judge Brian Morris ruled on April 15 that the Army Corps violated federal law by issuing the so-called Nationwide Permit 12 that allows pipelines to cross water bodies because it did not adequately consult with other federal [Read more]