An apology is in order for the following subject matter. This is an energy-focused website, and energy alone is a fiendishly hard topic to explain properly to the general public. The energy world is complicated and frankly not that interesting to most, made up of pipes and tanks and tankers, all central to the industry known as “utilities”. Who in history was ever interested in the word “utilities”? Unfortunately, the problem of disinterest is compounded by folding in an interest rate [Read more]
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Toscana Announces Management Changes
Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that Mr. Joseph S. Durante, the Corporation’s Chief Executive Officer, has stepped down from managing day-to-day operations and will take on a new role as Executive Director effective August 27, 2019 (the "Effective Date"). Replacing Mr. Durante as of the Effective Date will be Mr. Ryan Heath. For over 20 years Mr. Heath has enjoyed successfully building junior oil and gas companies in the WCSB. Most [Read more]
GuildOne Blockchain in Energy Announcement
On September 9th, GuildOne is proud to be hosting Blockchain in Energy to help kick off Alberta Blockchain Week, which is presented by the Alberta Blockchain Consortium (ABC). Blockchain in Energy will feature an afternoon of events to explore the vast potential of blockchain technologies to transform the energy industry. It will feature presentations by industry leaders covering topics such as: How blockchain is revolutionizing the Energy industry How cloud technologies power blockchain [Read more]
XI Technologies: Drilling Top Tens for the First Half of 2019
Each week, XI Technologies scans their 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 to receive our Wednesday Word to the Wise in your inbox, subscribe here. Drilling activity in the WCSB has been significantly lower these past few years, but that doesn’t mean no one is drilling. Active drillers are being strategic, doing everything in their power to maximize ROI from their drilling [Read more]
Obsidian Energy Announces Termination of Agreement to Dispose of its Interest in the Peace River Oil Partnership
OBSIDIAN ENERGY LTD. (TSX – OBE, NYSE – OBE) ("Obsidian Energy", the "Company", "we", "us" or "our") announces that the purchase and sale agreement providing for the sale of our 55 percent interest in the Peace River Oil Partnership (the "Partnership") to a third party has been terminated. In order for the sale to proceed, the consent to the transfer of our Partnership units and the transfer of operatorship of the Partnership was required, however, the consents for these transfers were not [Read more]
Highwood Oil Company Ltd. Provides Notice to Terminate the Peace River Acquisition and Provides Postive Operational Update on Clearwater Drilling Activities
Highwood Oil Company Ltd. (TSXV:HOCL) ("Highwood" or the "Corporation") has served notice to the vendor of the Peace River acquisition to terminate the agreement previously announced on May 16, 2019 (the "Acquisition"). The notice was issued as the operatorship provision of the Acquisition agreement regarding the operation of the asset had not been satisfied. Highwood will remain focused on evaluating and completing accretive acquisition opportunities in the M&A market. Throughout the [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 Aug. 27 Facilities Operator Roska DBO Fort Saskatchewan Aug. 27 Operator Kelt Exploration Ltd. Grande Prairie Aug. 27 Data Analyst Brunel North York Aug. [Read more]
Encana Closes on Sale of Arkoma Basin Natural Gas Assets
Encana Corporation's (NYSE, TSX: ECA) wholly owned subsidiary, Newfield Exploration Mid-Continent Inc., today closed on its previously announced sale of its natural gas assets in Oklahoma's Arkoma Basin. Proceeds from the sale will be used to reduce the Company's debt. Encana's Arkoma assets included approximately 140,000 net acres of leasehold and production of approximately 77 million cubic feet equivalent per day (98% natural gas). The Company's full-year proforma production guidance [Read more]
Canada’s largest oil producer joins opposition to Enbridge pipeline plan
Canadian Natural Resources Ltd , the country's biggest oil producer, has joined a number of other firms asking Canada's energy regulator to intervene in Enbridge Inc's plan to overhaul shipping contracts on its Mainline pipeline network.Canadian Natural's letter to the National Energy Board (NEB), filed late on Monday, calls on the regulator to delay Enbridge's proposal to switch to long-term, fixed-volume contracts on 90% of the Mainline. Suncor Energy , MEG [Read more]
Oil rises as U.S.-China trade comments calm markets
Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China after positive comments by Beijing, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling. U.S. crude was up by 30 cents or 0.6% at $53.94 a barrel, having dropped 1% on Monday for a fourth day of declines. Brent crude was up by 25 cents, or 0.4%, at $58.95 a barrel by 0214 GMT, after also falling 1% in the previous session, dropping for a third day in a [Read more]