CALGARY, Dec. 12, 2018 /CNW/ - Jupiter Resources Inc. and its affiliates (collectively, "Jupiter" or the "Company") are pleased to announce that, at the previously announced meeting (the "Meeting") of the holders of the Company's US$1.1 billion 8.5% senior unsecured notes due October 1, 2022 (the "Senior Notes", and the holders of such Senior Notes, the "Noteholders"), the Noteholders voted overwhelmingly in support of the Company's proposed recapitalization transaction (the "Recapitalization [Read more]
Headlines
Terry Etam’s letter to Whistler Mayor Jack Crompton
Mr. Crompton, It was with extreme incredulity that I read a copy of the letter that you sent to Canadian Natural Resources. I am an energy writer seeking to find and promote balanced discussions with respect to energy issues. I just wanted to warn you against the downside of putting such bizarre accusations out into the public realm. There is a huge downside to your reputation as a thoughtful person and also to the whole debate about climate change. I won't waste much of your time, this [Read more]
N.L. to enjoy fastest-growing economy thanks to oil production: report
A dramatic economic turnaround is being predicted for Newfoundland and Labrador next year. The Conference Board of Canada says it is expected to lead the provinces in economic growth, thanks to offshore oil royalties. Just a year after having the weakest economic outlook in 2018, the province's real GDP is expected to grow by 5.2 per cent in 2019. Prince Edward Island and British Columbia are also expected to see strong growth of 2.7 per cent next year, with P.E.I. [Read more]
Alberta to face uphill battle; B.C economy to thrive in 2019: RBC Economics
Alberta economy expected to slow in 2019: RBC Economics forecasts the pace of growth to slow to 1.5 per cent in 2019 from 2.4 per cent in 2018. Canada's economy to face challenges: Canada's GDP growth expected to drop 0.2 percentage points to 1.7 per cent in 2019. Global expansion to continue, but downside risks are growing: Global economy forecasted to expand by 3.7 per cent, matching the previous two years. TORONTO, Dec. 12, 2018 /CNW/ - Two of Canada's western provinces are expected [Read more]
Over 1,000,000 users visited the BOE Report in 2018
Over 1,000,000 users from across Canada and the United States visited the BOE Report in 2018. The BOE Report continued its leadership as the go-to site for oil and gas news, activity and information. The BOE Report Job Board also received significant traffic. 40,000 users from Alberta alone visited the job board in 2018. Over 3,000 jobs have been posted. Approximately 70% of the website’s traffic comes from Alberta. The core userbase is in downtown Calgary where 50,000 oil and gas industry [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 Dec. 10 Fleet Compliance Administrator Vertex Sherwood Park Dec. 10 Driver/Operator Vertex Alida Dec. 10 Driver/Operator Vertex Grande Prairie Dec. [Read more]
TORC Oil & Gas Ltd. Announces 2019 Capital Budget and Production Guidance; Confirms December Dividend
CALGARY, Dec. 11, 2018 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce the Company's Board of Directors has approved an initial 2019 capital budget of $180 million. TORC's strategic objectives associated with the 2019 capital budget are consistent with the Company's long term objectives of achieving disciplined per share growth in combination with maintaining financial flexibility while paying a sustainable dividend. TORC's 2019 capital budget [Read more]
‘Part of the solution:’ Alberta seeks proposals to build new refinery
EDMONTON - Alberta Premier Rachel Notley says the province is seeking expressions of interest in building a new refinery. Notley says a new refinery makes sense for Alberta where oil is being sold at bargain basement prices due to a glut and lack of pipeline capacity to get it to market. While the rest of the world sells its oil at about $50 per barrel, Notley has said Alberta fetches only $10. She says the successful refinery proposal will create jobs and will include [Read more]
Alberta government releases report on reviving province’s natural gas industry
"Traditional markets for Alberta natural gas are oversupplied. Prices, and therefore industry and government revenues, are crushingly low and have been increasingly volatile locally since the summer of 2017." That's the first sentence in a report released yesterday by the Alberta government discussing the shape of the province's natural gas industry. The report is the the work of the government appointed Natural Gas Advisory Panel who's mandate was to provide advice and recommendations to the [Read more]
Enbridge Inc. Announces 10 Percent Quarterly Dividend Increase for 2019
CALGARY, Dec. 11, 2018 /CNW/ - Enbridge Inc. (TSX, NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.73800 per common share, payable on March 1, 2019 to shareholders of record on February 15, 2019. The declared dividend represents a 10 percent increase from the prior quarterly rate and the twenty-fourth consecutive year in which the Company has increased its common share dividend. DIVIDEND DECLARATION On December 10, [Read more]