LONDON/DUBAI (Reuters) - OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said. Proposed U.S. legislation known as “NOPEC”, which could open the group up to anti-trust lawsuits, has long lain dormant, with previous American presidents signaling that they would veto any move to make it law. But U.S. President Donald [Read more]
Headlines
An Industry Solution for Automation
The oil and gas industry is being challenged to cut costs dramatically and be more productive while continuing to grow more complex. The best way to keep pace with this challenge is to apply fit for purpose technologies to improve current processes. A few of the newest trends in technology - artificial intelligence (AI), robotic process automation, smart contracts and Blockchain - have received much publicity lately for improving productivity in the workplace. While these technologies might [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 Oct. 16 Financial Analyst West Lake Energy Calgary Oct. 16 Field Operator Roska DBO Rocky Mountain House Oct. 15 Labourer Strike Group Crossfield Projects [Read more]
LNG Canada gets greener amid climate worry
At a massive natural gas field in northern British Columbia, Royal Dutch Shell Plc is using new technologies and processes to cut emissions to address public and environmental group concerns that Canada's nascent liquefied natural gas export industry could be a climate time bomb. The Groundbirch project, perched above Canada's richest shale gas deposit some 1,110 kilometers (684 miles) northeast of Vancouver, includes four gas plants and 500 wells dotted over an area the size of New York [Read more]
Little hope seen for oilpatch activity growth as steep price discounts continue
CALGARY - An energy analyst warns the Canadian oil and gas sector is in a holding pattern in which spending and production growth can't occur until new ways to get products to export markets are found. CIBC analyst Jon Morrison says in a report that steep discounts being paid for Canadian heavy and light oil production compared with U.S. benchmarks won't end soon and that means there's no money for producers to increase their drilling budgets. The report bodes poorly for Canada's energy [Read more]
Earth samples show dust from B.C. pipeline blast not a health threat: Enbridge
VANCOUVER - The company that owns the natural gas pipeline that ruptured and burned one week ago in central British Columbia, says the dust that settled on homes near the blast site does not pose a health threat. The latest post on the Enbridge website says earth sampling near Prince George shows mineral and metal composition is well below provincial and federal standards for urban and residential areas. Enbridge also says construction of an access road to the damaged line continues and [Read more]
Brad Wall: Bill C-69 presents a serious risk to Canadian industry and prosperity
Canoe Financial is the proud presenting partner for Brad Wall's monthly BOEReport.com column It's almost Halloween. Time for fatherly object lessons about the unfairness of socialism as candy is confiscated in the name of the ‘Dad Tax’(maybe that only happened in my house) and scary movies. Have you ever yelled out loud at the unhearing characters in those movies who blithely insist on opening every closet door they pass? It is a nugatory thing, but I do it anyway We should all hope current [Read more]
Journey Energy Inc. – Non-Core Property Divestiture
Sayer Energy Advisors has been engaged to assist Journey Energy Inc. (“Journey” or the “Company”) with the sale of certain non-core operated properties located in the Brooks, Gilby, Gull Lake, Niton and Pembina Keystone Cardium Unit No. 1 areas of Alberta, and non-operated interests in the Pembina area of Alberta (the “Properties”). Total production net to Journey from the Properties has recently averaged approximately 1,440 boe/d, consisting of 3.9 MMcf/d of natural gas and 792 barrels of oil [Read more]
Freehold Royalties Ltd. Q4 2018 Oil-Weighted Working Interest Divestiture
Freehold Royalties Ltd., and Freehold Royalties Partnership (“Freehold”) are selling non-core Working Interest assets in Alberta, Saskatchewan, and BC, which represent a 12-month trailing NOI of approximately $1.9 million (July 2017 – June 2018). The current net production for all of the Assets is approximately 407 boe/d with a liquids weighting of 65% (June 2018). They represent a current annualized NOI of $1.9 million over 228 gross wells and 48 net wells with an average Working [Read more]
Pulse Oil Announces Public Equity Offering and Concurrent Strategic Private Placement to Fund Bigoray Enhanced Oil Recovery and Multi-well Drill Program
CALGARY, Alberta, Oct. 15, 2018 (GLOBE NEWSWIRE) -- Pulse Oil Corp. (TSX-V:PUL and PUL.WT) (the “Company” or “Pulse”) is pleased to announce that it intends to complete a private placement (the “Strategic Investment”) with certain strategic investors, whereby the Company will issue an aggregate of such number of units (the “Private Placement Units”) of the Company for expected gross proceeds of $5,500,000. Each Private Placement Unit will consist of one Common Share and one-half of one Common [Read more]