Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that, in connection with the previously announced recapitalization transaction (the "Recapitalization Transaction") described in the Company's management information circular dated July 2, 2020, the Company has obtained a final order (the "Final Order") from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Canada Business Corporations Act (the "Plan of [Read more]
Headlines
Journey Energy Inc. reports its second quarter 2020 financial and operating results
CALGARY, AB - Journey Energy Inc. (TSX: JOY) ("Journey" or the "Company") announces its financial and operating results for the three and six month periods ending June 30, 2020. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2020 and 2019 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. SECOND QUARTER 2020 HIGHLIGHTS Highlights for the second quarter are as follows: Achieved production of [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 Jul. 30 Health and Safety Manager Implementation, Safety Practices, Programs & System TC Energy Calgary Jul. 30 Mineral Land Administrator (13 month [Read more]
Heavy discount widens to more than $10/bbl on first day of Sept trading
Canadian heavy crude's discount widened to more than $10 a barrel versus West Texas Intermediate (WTI) on Tuesday, the first day of the September trading cycle, as production climbs, traders said. Western Canada Select (WCS) heavy blend crude for September delivery in Hardisty, Alberta, traded at $11.15 per barrel below WTI. Prices for August ended the cycle trading less than $7 a barrel below WTI, according to NE2 Canada Inc. Canadian producers including Husky Energy Inc and bigger rival [Read more]
Gibson Energy announces 2020 second quarter results
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta - Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today its financial and operating results for the three and six months ended June 30, 2020. “In a very challenging quarter for our industry, Gibson delivered strong operational and financial results, highlighting the resilient nature of our Infrastructure segment’s long-term, contracted cash flows as well as the ability of our Marketing [Read more]
Devon Energy provides Barnett update, announces special dividend and outlines next steps in cost-reduction plan
KEY HIGHLIGHTS Accelerating Barnett Shale closing to Oct. 1, 2020, from previously scheduled date of Dec. 31, 2020 Board of directors declares a $100 million special dividend in conjunction with Barnett closing Expect to achieve $300 million of sustainable cash cost savings by year-end Plan to use cash on hand to repurchase up to $1.5 billion of additional debt OKLAHOMA CITY - In conjunction with its second-quarter earnings announcement, Devon Energy Corp. (NYSE: DVN) provided [Read more]
Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup
Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output. U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.7% to $40.71 a barrel. Brent crude futures fell 37 cents, or 0.8% to $43.78 a barrel. The slide comes after WTI rose 1.8% and Brent climbed 1.5% on Monday on better-than-expected data on manufacturing [Read more]
Hillcrest announces oversubscribed private placement & warrant incentive program results
August 4, 2020 - VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest"), (TSXV:HRH), (OTC:HLRTF) is pleased to announce the non-brokered private placement of up 20,000,000 units of the Company (the "Units") at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 (the "Offering") has been oversubscribed resulting in 20,442,000 units being purchased for a total of $1,022,100.00. Each Unit consists of one common share (a "Share") and one-half of a share purchase [Read more]
Husky releases 2020 ESG report, sets targets for carbon and diversity
CALGARY, Alberta - Husky Energy today released its 2020 ESG Report, including a GHG emissions intensity reduction target of 25% by 2025 and a gender diversity target of 25% women in senior leadership roles. The report also addresses Husky’s aspiration to be net zero by 2050. Additional highlights of Husky’s 2019 ESG performance include: Improved safety performance, including achievement of Husky’s lowest Total Recordable Injury Rate to date, and a 55% improvement in its Lost Time [Read more]
Alberta, Ottawa sign deal that reduces oilsands environmental monitoring
EDMONTON - Alberta has signed an agreement with the federal government that makes major cuts to environmental monitoring of the oilsands. The deal, a copy of which has been obtained by The Canadian Press, lays out research plans for this year's field season under a federal-provincial program that oversees all monitoring of the area outside of company leases. Signed July 7 by top bureaucrats in Ottawa and Edmonton, it cuts funding by at least 25 per cent. The budget has been cut to no more [Read more]