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 May. 28 IRON TECHNICIAN - (GPC) Trican Well Service Ltd. Grande Prairie May. 28 ELECTRONICS TECHNICIAN - (RDT) Trican Well Service Ltd. Red Deer May. 28 Senior [Read more]
Headlines
Is quest for Canadian oil independence more a political pitch than economics?
OTTAWA - Conservative Leader Andrew Scheer says he wants to end Canadian imports of foreign oil by 2030, a move experts say would mostly affect purchases from the United States and could endanger deep trade relationships. Scheer raised the idea in a recent speech, stating Canada shouldn't buy oil from "rogue states" with poor human-rights and environmental records, like Iran, Venezuela and Saudi Arabia. In dollar terms, the vast majority of Canadian oil imports — about 64 per cent — came from [Read more]
Bellatrix Obtains Final Court Order Approving Its Recapitalization Transaction
CALGARY, Alberta, May 28, 2019 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX: BXE) announced today that, in connection with the previously announced recapitalization transaction (the “Recapitalization Transaction”) described in the Company’s management information circular dated April 18, 2019, the Company has obtained a final court order (the “Final Order”) from the Ontario Superior Court of Justice (Commercial List) approving the plan of arrangement under [Read more]
TC Energy expects to realize $1.15 billion from the partial monetization of Northern Courier Pipeline
CALGARY, Alberta, May 28, 2019 (GLOBE NEWSWIRE) -- News Release - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it has entered into an agreement to sell an 85 per cent equity interest in Northern Courier Pipeline to Alberta Investment Management Corporation (AIMCo). In conjunction with the sale, TC Energy also expects that Northern Courier Pipeline will undertake a financing of long-term, non-recourse debt, the proceeds of which are expected to be fully distributed to [Read more]
Husky Energy cuts five-year budget, raises cash flow target
Husky Energy Inc on Tuesday nearly doubled its free cash flow target over five years and cut its capital spending at a time when investors have been calling on oil and gas companies to shore up capital for buybacks and dividends.Total free cash flow before dividends is expected to reach C$8.7 billion between 2019 and 2023, compared with previous estimate of C$4.8 billion between 2018 and 2022. "Husky's updated five-year plan... achieves a significant increase in free cash flow [Read more]
Sproule Webinar: The Competitiveness of Canadian Natural Gas and LNG on a Global Scale
Sproule invites you to join us: The Competitiveness of Canadian Natural Gas and LNG on a Global Scale Thursday, June 13 | 10:00 am MST | 45-Minutes Join Sproule VP, Chris Mylde and Dave Tulk, Principal, GTI for a complimentary webinar featuring insights on how Canadian LNG and natural gas compare to other basins around the world. These experts will dive into Canada's inherent advantages and how Canada can evolve to maximize competitiveness on a global scale. Register Here [Read more]
AltaGas Charts a New Course for Canadian Energy With First Cargo and Grand Opening of Ridley Island Propane Export Terminal
Canada emerges as a global propane supplier with completion of the country's first liquefied petroleum gas (LPG) marine export facility CALGARY, May 28, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (TSX: ALA) today celebrates the grand opening of its Ridley Island Propane Export Terminal (RIPET), located in Prince Rupert, British Columbia – the first marine export facility for propane in Canada. The facility began introducing propane feedstock in mid-April, and the first shipment departed the terminal [Read more]
Hemisphere Energy Acheives Record Financial and Operating Results for Q1 2019
TSX-V: HME VANCOUVER, May 28, 2019 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three months ended March 31, 2019. Q1 2019 Highlights Achieved record revenue of $6.4 million, an increase of 90% over the first quarter of 2018. Realized record quarterly funds flow from operations of $2.6 million, a 30% increase over the entire annual funds flow from operations for 2018. Increased quarterly [Read more]
Husky Energy Updates Five-Year Plan and Increases Free Cash Flow Generation Outlook
CALGARY, Alberta, May 28, 2019 (GLOBE NEWSWIRE) -- Husky Energy (TSX:HSE) will hold its Investor Day in Toronto today to review and update its five-year plan. With a focus on generating increased free cash flow, Husky’s plan shows reduced capital spending to achieve an annual average of $3.15 billion for 2019 – 2023 versus the previously planned 2018 – 2022 annual average of $3.5 billion. Total capital spending over the 2019 – 2023 five-year period is reduced by about $1.7 billion, with total [Read more]
The Service Exodus from Alberta to Texas
The movement of human capital and specialized oilfield equipment from Alberta to West Texas is alarming. I completely agree with Dan Hoffarth’s (Citadel Drilling) 2018 statement regarding his company’s transition to Texas: “this was a need, not a want”. Today, five out of six high-spec Citadel rigs are working in the Permian Basin and ~90% of their revenue is expected to come from south of the border (DOB, 2019). Connate Water Solutions is a specialized hydrogeology company and we track [Read more]