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 Mar. 17 Senior Project Engineer Brunel Sarnia Mar. 17 Lead Telecommunications Engineer - Operations Brunel Calgary Mar. 17 Senior Telecommunications [Read more]
Headlines
Kelt Reduces 2020 Capital Expenditure Program by 36%
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") announces that it's board of directors has approved a reduction in capital expenditures for 2020. The Company has reduced its capital expenditure budget by $80.0 million or 36% to $145.0 million (previously $225.0 million). The energy industry continues to experience high volatility with lower crude oil prices driven by fears of a retraction in global economic growth and increases in crude oil supply as oil [Read more]
Pipestone Energy Corp. Announces 2019 Annual Filings and Approval of Long-term Incentive Awards to Directors and Management
CALGARY, Alberta - (PIPE – TSX-V) Pipestone Energy Corp. (“Pipestone Energy” or the “Company”) announces that it has filed its audited consolidated financial statements, management’s discussion and analysis, and annual information form for the year ended December 31, 2019 on the Company’s profile at SEDAR at www.sedar.com, and has posted them to the Company website at www.pipestonecorp.com. The Company would also like to announce that in connection with its annual compensation review for [Read more]
Cardinal Energy Ltd. Announces Fourth Quarter 2019 Year-end Financial Results and Updated Capital Budget and Dividend Suspension
CALGARY, Alberta - Cardinal Energy Ltd. ("Cardinal" or the "Company") (TSX: CJ) is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2019. 2019 FINANCIAL HIGHLIGHTS Production for the fourth quarter of 2019 averaged 20,227 boe/d with crude oil production increasing by 1% over the third quarter of 2019. As the Company is no longer limited by the Alberta government's curtailment program, current production in March is approximately [Read more]
Whitecap Announces Actions to Fortify Balance Sheet and Strengthen Position
CALGARY - Whitecap Resources Inc. ("Whitecap" or the "Company") is employing proactive measures in response to current market conditions and the sharp decline in global commodity prices. Whitecap has persevered through previous commodity price cycles and will continue to focus on a strategy that protects the business, our balance sheet and liquidity and to provide returns to our shareholders. The current crude oil price weakness has significantly reduced the expected returns from our 2020 [Read more]
Gibson Energy Announces the Addition of Ms. Judy Cotte to the Company’s Board of Directors
CALGARY, Alberta - Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that Ms. Judy Cotte will join the Company’s Board of Directors effective March 17, 2020. “We are very excited to have Judy Cotte join Gibson’s Board of Directors,” said James Estey, Chairman of Gibson. “Judy has significant legal experience, including the last 10 years exclusively focused on ESG, and is a recognized expert on ESG and responsible investment. Her addition reflects the Board’s ongoing [Read more]
More dividends chopped as energy firms address oil prices below US$30 per barrel
CALGARY - More energy industry dividends are being slashed as investors turn their backs on companies whose payouts are now unaffordable with oil prices plunging to less than US$30 per barrel. Shares in Calgary-based TORC Oil & Gas Ltd., which announced an 80 per cent cut in its dividend after markets closed Monday, bounced between 63 and 78 cents on Tuesday morning, a fraction of their 52-week high of $5.47 set in April of last year. AltaCorp Capital analyst Patrick O'Rourke says the [Read more]
Column: Epidemics, OPECs, three-way collars, and possibly light at the end of the tunnel
On a surreal day late last week, I stopped by the nearest supermarket at what I hoped was a quiet time. I wasn’t expecting serenity, but holy mackerel I wasn’t expecting such an anthill either. While many were shopping in a normal fashion, others were rattled and prepping. Toilet paper was of course long gone. A woman next aisle over piled what looked like about 30 pounds of bananas onto the belt. Another had about ten cans of olives. Panicked weirdos, I muttered to myself, as I hoisted twenty [Read more]
TORC Oil & Gas Ltd. Announces Reduced Monthly Dividend; 2020 Capital Program Under Review
CALGARY - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX:TOG) announces a reduction in the monthly dividend from $0.025 per month to $0.005 per month and an ongoing review of capital spending plans for the remainder of 2020. MONTHLY DIVIDEND TORC confirms that a cash dividend of $0.005 per common share will be paid on April 15, 2020 to common shareholders of record on March 31, 2020. The approved monthly dividend of $0.005 per common share has been reduced from the previous [Read more]
Heavy discount widens as monthly trading cycle winds down
Canadian heavy crude's discount widened versus U.S. benchmark West Texas Intermediate (WTI) oil on Monday, the last day of the monthly trading cycle. Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, traded at $13.60 per barrel below WTI, according to NE2 Canada Inc, wider than Friday's settle of $12 under. The cycle ends the day before Enbridge Inc's due date for notices of shipments on its Mainline system. Apportionment may be reduced this month with [Read more]