VANCOUVER - The president of a company building a natural gas pipeline across northern British Columbia is renewing a request to meet with the hereditary clan chiefs of a First Nation who say the project has no authority without their consent. Coastal GasLink president David Pfeiffer says in a letter Tuesday to Na'moks, who leads one of five clans of the Wet'suwet'en Nation, that the company's preference is to resolve the dispute over the pipeline through meaningful dialogue. Na'moks could [Read more]
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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 Jan. 14 Field Operations Summer Student ARC Resources Calgary Jan. 14 Asset Integrity Coordinator Razor Energy Corp. Swan Hills Jan. 14 Supervisor, Operations - [Read more]
TC Energy to resume work on Keystone XL oil pipeline in February
Canadian pipeline company TC Energy Corp said on Tuesday that it planned to start pre-construction work in February for its Keystone XL oil pipeline, the start of a busy planned work schedule in 2020 for the long-delayed project. TC said in a filing with U.S. District Court in Montana that in February it would start mobilizing heavy construction equipment in Montana, South Dakota and Nebraska, and aim to begin building a 1.2-mile (1.93 km) segment spanning the U.S.-Canada border in [Read more]
NuVista Energy Ltd. Announces Operational Update With Record Production for the Fourth Quarter of 2019
CALGARY - NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX: NVA) is pleased to announce a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. Operations Update The NuVista operated Pipestone South Compressor Station has performed with high reliability since commencing operations late in the third quarter of 2019. After initial testing, the 11 new wells at Pipestone have been operating tubing-restricted with minimal [Read more]
Encana shareholders vote 90 per cent for name change, Denver HQ move
CALGARY - Shareholders in Encana Corp. have voted overwhelmingly in favour of the oil and gas company moving its headquarters to Denver from Calgary and changing its name to Ovintiv Inc. CEO Doug Suttles says the 90 per cent vote in favour of the resolution shows clear support for the long-standing Canadian company’s decision to move its corporate home south of the border, despite public criticism from Encana founder Gwyn Morgan and shareholder Letko, Brosseau & Associates Inc. Encana [Read more]
Heavy discount widens with congested transport, big stocks
The discount on Canadian heavy crude widened versus U.S. benchmark West Texas Intermediate (WTI) crude on Tuesday, as congested transport and high inventories weakened prices. Many western Canadian grades have seen weakening prices, with crude by rail movement seeming to flatten in recent weeks, and storage levels remaining elevated, said Matt Murphy, analyst of upstream and integrateds for Tudor Pickering Holt & Co. Murphy added that more diluent is required to move bitumen through [Read more]
January webinars to offer insights into ARO cost models and working interest
XI Technologies is hosting two free webinars in January to address common questions when it comes to asset retirement obligations. These webinars will be 30 minutes each and will demonstrate how ARO Manager helps users with a built-in, industry-recognized cost model and helps them discover working interest partners. Webinar: How to Find Working Interest Partners in ARO Time: 11:00am – 11:30am MST Date: Thursday, January 28, 2020 Click here to register. Do you know all your working [Read more]
Oil prices rise ahead of trade deal, likely stock draw
Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. U.S. West Texas Intermediate (WTI) crude was up 39 cents, or 0.7%, at $58.47. Brent futures were up 66 cents, or 1%, at $64.86 a barrel by 12:45 p.m. EST (1745 GMT) That put WTI front-month futures on track to close below the second month CLc1-CLc2 for the first time since Nov. 19, which is known in the trading industry [Read more]
Price Forecasting for Reserve Evaluations
How are commodity prices forecast? How do forecast prices differ from strip pricing? Why do these forecasts not always change in response to market variations? These are just some of the questions that arise time and time again throughout the reserves process. Futures, or forward curves are not truly spot price forecasts In addition to market expectations of future prices related to supply and demand, a variety of other factors can influence futures curves including, but not limited to, [Read more]
Petrus Resources Announces First Quarter Capital Budget and Outlook for 2020
CALGARY - Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to provide its first quarter capital budget and outlook for 2020. With the risk of volatility in the price of Canadian light oil and natural gas, the Company believes that it is prudent to maintain a disciplined capital budget that is flexible from an operational and financial perspective. Petrus’ Board of Directors has approved a first quarter 2020 capital budget of $9.0 million. Petrus will continue to monitor [Read more]