Technology deployments lead to efficiency increases of 22% through optimized operations in most recent quarter CALGARY, AB – 16th June, 2020 - Cold Bore Technology Inc. (“Cold Bore”), a leader in completion optimization technology, announced today that existing client, Permian-based oil and natural gas producer, Parsley Energy (Parsley), has digitized its entire completion operations with the SmartPAD operating system. Having carried out its first SmartPAD deployment in December 2019, [Read more]
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Column: Alberta Carbon Trunk Line, Nikola’s order book, and other meaningful numbers hidden in the fog
It may be hard to believe in these crazy times, but day in and day out, there really isn’t a lot happening to liven up news streams. That’s the price of having live news feeds; eyeballs will wander somewhere else if there isn’t a new starburst of eye candy every ten minutes. One oddity to fall out of this is how we get all excited about certain numbers, even if they don’t mean anything. Sometimes it’s when numbers cross a certain threshold. The Dow Jones hits 20,000, and it makes headlines – but [Read more]
XI Technologies: ARO and ESG – Tackling liabilities to attract investment
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. As more attention is given to the energy industry in Canada from increasingly vocal environmental groups, stakeholders, and investors, there is an increased focus on Environment, Social, and Governance (ESG) performance. ESG metrics [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 Jun. 15 Proposal Coordinator Strike Group Airdrie Jun. 15 Electrician Apprentice Strike Group Calgary Jun. 15 Commercial Manager Brunel Calgary Jun. [Read more]
Oil prices rise on supply cuts, improving demand
Oil prices rose on Tuesday, with Brent crude above $40 a barrel, after the IEA increased its oil demand forecast for 2020 and as record supply cuts provided support. Both the North Sea and U.S. contracts gained around 4%, with U.S. oil rising $1.75 to $38.77 a barrel. Brent crude was up $1.49 at $41.32 a barrel. In its monthly report on Tuesday, the International Energy Agency (IEA) forecast oil demand at 91.7 million barrels per day in 2020, 500,000 bpd higher than its estimate in [Read more]
U.S. natgas futures little changed on steady weather, demand forecasts
U.S. natural gas futures traded within a few cents of unchanged on Tuesday on forecasts calling for similar weather and demand over the next two weeks as in the previous session. Front-month gas futures rose 0.5 cents, or 0.3%, to $1.674 per million British thermal units at 7:49 a.m. EDT (1149 GMT). On Monday, the contract settled at its lowest since May 15. Refinitiv said production in the Lower 48 U.S. states averages just 87.5 billion cubic feet per day in June, down from a 16-month low [Read more]
OTC Markets Group welcomes Obsidian Energy Ltd. to OTCQX
NEW YORK - OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Obsidian Energy Ltd. (TSX: OBE; OTCQX: OBELF), an oil and gas producer in Western Canada, has qualified to trade on the OTCQX® Best Market. Obsidian Energy Ltd. upgraded to OTCQX from the OTCQB® Venture Market. Obsidian Energy Ltd. begins trading today on OTCQX under the symbol "OBELF." U.S. investors can find current financial disclosure and Real-Time Level 2 [Read more]
Scientists criticize Alberta’s monitoring suspension, lack of consultation
EDMONTON - Shutting down a broad range of Alberta's environmental monitoring over pandemic fears wasn't necessary, says the head of a group responsible for such work. Most monitoring could have been done safely, says Jay White, president of the licence-granting Alberta Society of Professional Biologists. "We're trained to deal with dangerous, toxic biological hazards in our day-to-day work," White said Monday. "The virus is no different." Alberta's own chief scientist says he wasn't [Read more]
Highwood Oil Company Ltd. provides notice of termination of the Red Earth Divestiture, operational update and meeting protocol for annual general and special meeting of shareholders
CALGARY, AB - Highwood Oil Company Ltd. (TSXV: HOCL) ("Highwood" or the "Company") announces that the Red Earth Divestiture initially announced February 18, 2020 has been terminated. Highwood received notice on May 1, 2020 from the Alberta Energy Regulator ("AER") that the Red Earth license transfer application had been rejected. The AER had previously provided their conditional approval of the license transfers on April 24, 2020. Operational Update After spending $4.1 million in Q1 [Read more]
Bonavista Energy Corporation Provides Financial Update
Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the period under which the previously announced forbearance agreements (the "Forbearance Agreements") among Bonavista and the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and the holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes") has been extended to June 17, 2020 in [Read more]