Exploring potential within Canada’s energy transition In order for a greener future to be possible, we have to reduce our environmental footprint. Using biomass and biofuels can help us achieve this by diverting waste from landfills and overseas recycling facilities to produce electricity and transportable fuels to lessen our reliance on non-renewable energy sources. This session is scheduled for July 27th at 10:30 AM MST, and will be hosted by GLJ VP & CFO, Tim Freeborn. We will discuss [Read more]
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XI Technologies: How much did our industry consolidate since 2018?
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 Wednesday Word to the Wise delivered directly to your inbox, subscribe here. We last wrote about Industry consolidation in 2018, covering the period from December 2014 to December 2018. This time, we’re looking at consolidation since that report up until the end of May 2020, which covers the period of [Read more]
Clearview Resources Ltd. July 2020 corporate update
CALGARY, AB - Clearview Resources Ltd. ("Clearview" or the "Company") is pleased to provide the following corporate update to its shareholders. OPERATIONS UPDATE The COVID-19 pandemic and the associated precipitous decline in demand for crude oil combined with the OPEC inspired price war have had a dramatic effect on Clearview's operations and financial results. As a result, Clearview has made significant reductions in its head office costs, field capital and operations to preserve cash [Read more]
Hillcrest Announces conditional approval of early warrant exercise incentive program
Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "Exchange") of the implementation of an early warrant exercise incentive program (the "Incentive Program") intended to encourage the early exercise of up to 22,894,446 outstanding common share purchase warrants (the "Eligible Warrants") of the Company held by warrant-holders, previously announced in a [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. 20 Electrician Apprentice Strike Group Calgary Jul. 19 Manager, Systems Optimization - Liquids Pipelines TC Energy Calgary Jul. 18 PAYROLL ADMINISTRATOR - [Read more]
PrairieSky Royalty reports lower second-quarter crude oil production
CALGARY - PrairieSky Royalty Ltd. says oil and gas production in the second quarter was down 16 per cent from the first quarter, a result expected to set the tone as the rest of Canada's oilpatch rolls out financial reports over the next few weeks. The Calgary-based company, which earns revenue by sharing in production from lands for which it holds the petroleum mineral rights, says it produced 18,670 barrels of oil equivalent per day in the three months ended June 30. It says crude oil [Read more]
Oil gains as vaccine hopes edge out rise in infections
Oil prices edged higher on Tuesday on positive news on vaccine trials, but are still within the narrow trading band of the past three weeks amid fears that new lockdowns could derail a recovery in demand. West Texas Intermediate (WTI) gained $1.46, or 3.67%, to $42.24. Brent futures were up $1.44, or 3.43%, at $44.6. The closing prices of both Brent and WTI have traded within a $2 channel so far this month. Prices were supported by promising vaccine developments as drugmakers and [Read more]
Column: “You want a toe? I can get you a toe.” An unlikely path forward on the way to net-zero 2050
“You want a toe? I can get you a toe. Believe me. There are ways Dude, you don’t wanna know about it believe me. Hell, I can get you a toe by 3 o’clock this afternoon, with nail polish.” -Walter Sobchak in The Big Lebowski Hey feds, you want “net-zero carbon emissions by 2050” on new infrastructure? I can get you net-zero by 2050. There are ways Dude. You don’t want to know about it but there are ways. As this bizarre century continues to unfold, where blindly succumbing to groupthink [Read more]
Canada’s Hibernia oil platform shuts production after leak
ST. JOHN’S, N.L. – Production at the Hibernia offshore production platform 315 kilometres east of St. John’s, N.L., has been halted after an apparent spill of drilling and production fluids. In a post on its website, the Hibernia management company says a sheen was observed in the water about 2.5 kilometres from the platform. The company says water sampling late Sunday during well flowback operations indicated an “exceedance” on the produced water discharge and production was immediately [Read more]
Chevron’s $5 bln deal for Noble ends deal drought, sets price benchmark
Chevron Corp's surprise $5 billion deal for oil producer Noble Energy should spell the end of this year's deal drought, setting a price benchmark that will trigger more buys, mergers and acquisition bankers, lawyers and analysts said. The COVID-19 pandemic destroyed fuel demand and left dozens of energy companies without the prospect of drilling their way out of debt. They may now be more willing to entertain deals with the Chevron offer as a standard. "Sometimes you need the one [Read more]