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. Succeeding in oil and gas development comes down to how well and how quickly you can analyze potential opportunities. Once a month, XI Technologies will apply its evaluation tools to a currently available asset to give readers a sense [Read more]
Headlines
Column: Reflections on revolutionary infrastructure, dead railways, and a desperate need for a better plan
As we are now firmly underway in a new year, the welcoming ascension of the sun above the horizon provides a much-needed jolt of spring hope. On the other hand though, all that sunshine also provides a better view of the train wreck that is our nation’s economy/industrial future. More daylight brings into full view the whole mess grinding to a halt, felled by a few random objects on a few railway tracks, or a handful of not-imperilled protesters. While Ottawa devotes itself to finding a way to [Read more]
Petrus Resources Announces Year End 2019 Financial, Operating & Reserves Results; Significant Net Debt Reduction & Increased Light Oil Reserve Volumes
CALGARY, Alberta - Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and twelve months ended December 31, 2019 and to provide 2019 year end reserves information as evaluated by Sproule Associates Limited ("Sproule"). The Company's Management's Discussion and Analysis ("MD&A") and audited consolidated financial statements are available on SEDAR (the System for Electronic Document Analysis and Retrieval) at [Read more]
Opposition promises new info on Trans Mountain costs
OTTAWA - Federal opposition parties are promising new information about the price of the Trans Mountain pipeline at a morning news conference in Ottawa. Environment critics from the Bloc Quebecois and the NDP, and the Greens' leader in the House of Commons Elizabeth May, say they'll sound the alarm about ballooning costs on the project. The federal government bought the existing oil pipeline between Alberta and the B.C. coast, and an unfinished plan to twin it, for $4.5 billion in [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 Feb. 18 Environmental Inspector, Pipeline Construction JSG Professional Services ULC Calgary Feb. 14 Sour Gas Plant Operator - Contract Position Roska DBO Grande [Read more]
Highwood Oil Company Ltd. Announces Successful Fourth Quarter 2019 Clearwater Drilling Results and the Strategic Divestiture of Non-Core Red Earth Legacy Property
CALGARY - Highwood Oil Company Ltd. ("Highwood" or the "Company") (TSXV:HOCL) is pleased to announce successful drilling results from its Q4 2019 Clearwater drilling program. Additionally, the Company is also pleased to announce that it has entered into an agreement with an arm's-length private oil and gas exploration and production company (the "Purchaser") to divest of the majority of the Company's Red Earth asset, comprised of cash of $8.0 million and equity consideration of 10% of the [Read more]
Coastal GasLink pipeline investor committed to closing deal despite protests
CALGARY - One of the investors buying a stake in the Coastal GasLink pipeline says it remains committed to the deal despite protester blockades that have shut down railway lines in some parts of Canada. Alberta Investment Management Corp., which looks after more than $115 billion in public sector pension funds for the province, agreed with American partner KKR in December to buy a 65 per cent interest in a deal that's expected to close in the first half of this year. Developer TC Energy [Read more]
Court gives Alberta government 10 days to make decision on oilsands project
CALGARY - A judge is giving the Alberta government 10 days to make a decision on an oilsands project that has raised concern from a nearby First Nation. "There is a strong public interest in encouraging a timely cabinet decision. The balance of convenience supports an injunction," Calgary Court of Queen's Bench Justice Barbara Romaine said Tuesday. Prosper Petroleum Ltd. had asked the court to force the United Conservative government to rule on a project that was initially proposed in 2013 [Read more]
Ottawa supports heavy fuel ban for Arctic; northerners seek compensation
The federal government says it will support an international ban on environmentally damaging heavy fuel oils in Arctic shipping. The decision comes despite concerns that forcing shippers to use more expensive fuels will raise costs for northern families. A Transport Canada study says the average Nunavut household would see an increase of up to $649 a year. A Nunavut government spokeswoman says the territory will push for measures to help offset the cost to residents and industry. A [Read more]
Canada passenger trains to run again, pipeline protests block freight
Passenger operator VIA Rail Canada said on Tuesday it would soon resume partial services between Quebec City and Ottawa while the government sought to end anti-pipeline protests that are blocking rail freight in eastern Canada. VIA Rail said passenger services between the two cities would start on Thursday after it received a notification from Canadian National Railway Co , the country's biggest rail road. Protests opposing the construction of a gas pipeline project in British Columbia [Read more]