The 3D cellular confinement technology was developed by Presto Products Company and the U.S. Army Corp of Engineers in the late 1970’s. The goal was to create a means for building roadways over poor subgrades using sand. Ultrasonically-welded strips of High-Density Polyethylene (HDPE) form the three-dimensional GEOWEB® System-—giving cohesion and additional strength to non-cohesive soils, through confinement. This translates well for the Canadian Oil Sands where soft subgrades and limited access [Read more]
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Canada Pension Plan Investment Board and Vermilion Energy Inc. Announce Strategic Partnership in Corrib
TORONTO and CALGARY, July 12, 2017 /CNW/ - Canada Pension Plan Investment Board ("CPPIB") and Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) are pleased to announce a strategic partnership in the Corrib Natural Gas Field in Ireland ("Corrib"), whereby CPPIB will acquire Shell Exploration Company B.V.'s ("Shell") 45% interest in the project, with Vermilion operating the assets after completion of the acquisition. Through its wholly owned subsidiary, CPP Investment Board Europe S.a.r.l., [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. Jul. 10 Senior Accounting Analyst TransCanada Calgary Jul. 10 Alarm Management Specialist - Liquids Pipelines Control Center TransCanada Calgary Jul. 10 Electrical Engineering Internship [Read more]
Pembina & Veresen Announce Veresen Shareholder Approval of Business Combination
CALGARY, July 11, 2017 /PRNewswire/ - Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) ("Pembina") and Veresen Inc. (TSX: VSN) ("Veresen") are pleased to announce that Veresen shareholders, at Special Meetings of Veresen's common and preferred shareholders held today, voted to approve the previously announced plan of arrangement (the "Arrangement") between Pembina and Veresen (the "Transaction") that will create one of the largest energy infrastructure companies in Canada. Greater than [Read more]
Saturn Oil + Gas Inc. Announces Joint Operating and Farm-In Agreement at Flaxcombe
SASKATOON, SASKATCHEWAN--(Marketwired - July 11, 2017) - Saturn Oil + Gas Inc. ("Saturn" or the "Company") (TSX VENTURE:SMI) (FRANKFURT:SMK) is pleased to announce that that it has entered into a joint operating agreement (the "Agreement") with Westcore Energy Ltd. ("Westcore") (TSX.V: WTR) to develop two sections of land near Flaxcombe, Saskatchewan. Under the terms of the Agreement, each of Saturn and Westcore shall have a 50% working interest in both sections. These Flaxcombe assets are [Read more]
Fewer Albertans report being impacted by oil prices, increasingly optimistic about province’s economy
EDMONTON, July 11, 2017 /CNW/ - According to ATB Investor Beat, 52 per cent of Albertans report being impacted by the drop in oil prices, significantly lower than last quarter (58 per cent). Not surprisingly, this correlates to the number of Albertans who have an increasingly optimistic view of the province's economy. It also correlates to the number of Albertans who feel more optimistic about job opportunities, which has risen steadily over the past three quarters (from October 2016 [Read more]
Oil, lumber companies mobilize to protect pipelines, mills from B.C. wildfires
VANCOUVER - Kinder Morgan Canada and other companies are working to keep some of the more than 200 wildfires burning across British Columbia away from their infrastructure, while a number of firms have suspended or reduced operations for the indefinite future. "At this time, I think that we're fine, but each day brings a new set of circumstances," said Steve Robertson, vice-president of corporate affairs at Imperial Metals Corp. (TSX:III). The company's Mount Polley open-pit [Read more]
Pengrowth Enters Into Agreement for the Sale of Its Olds/Garrington Area Assets for $300 Million
CALGARY, ALBERTA--(Marketwired - July 11, 2017) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announced that it has entered into an agreement with a private company owned by a large Canadian life insurance company for the sale of its Olds/Garrington area assets in Central Alberta for cash consideration of $300 million, before customary closing adjustments. The Olds/Garrington area assets are expected to generate 2017 average daily production of 13,875 barrels of oil equivalent per [Read more]
$100MM in Bonuses Paid for East Shale Basin Acreage!
Bonuses paid for Crown acreage in the East Shale Basin have exceeded $102MM since April 1, 2017! The East Shale Basin light oil play is garnering a lot of attention with recent drilling activity producing ever-improving results, which is driving up land prices north of $5000/ha. With several land sales in the near future, companies will want to reduce their learning curves to capitalize on this opportunity. Canadian Discovery used its extensive knowledge and expertise on the Duvernay to create a [Read more]
Oil rises on firm short-term demand outlook; overall market still weak
Oil prices edged up early on Tuesday, lifted in part by a strong demand outlook for the coming weeks, but overall market conditions remain weak on the back of ample supplies and a more subdued outlook for long-term demand. Brent crude futures were at $47.13 per barrel at 0147 GMT, up 25 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $44.64 per barrel, up 24 cents, or 0.5 percent. Traders said the uptick in prices was in part due to [Read more]