CALGARY, Dec. 20, 2017 /CNW/ - Perpetual Energy Inc. ("Perpetual") announces that the common shares of the Company will be voluntarily delisted from the OTCQX effective the close of market December 29th, 2017. The common shares of the Company will continue to trade on the Toronto Stock Exchange under the symbol "PMT". Perpetual has voluntarily delisted from OTCQX to increase trading volume of its common shares on the TSX. About Perpetual Perpetual is an oil and natural gas exploration, [Read more]
Headlines
Brent prices caught in the calm before the storm? Kemp
LONDON, Dec 20 (Reuters) - Crude oil traders have started to price in the resumption of North Sea shipments on the Forties pipeline, with spot prices stalling and nearby calendar spreads returning to levels before the pipeline was shutdown. Pipeline owner Ineos is working on several repair options and said it expects operations to resume within 2-4 weeks of the original shutdown on Dec. 11 (“Ineos awaiting custom parts to fix Forties oil pipeline”, Reuters, Dec. 19). Brent futures for [Read more]
TransGlobe Energy Corporation Announces Q4 2017 Operations Update
CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. Highlights Annual 2017 average production is trending to ~15.4 MBoepd, a 27% increase over 2016 Lifted and sold ~510 thousand barrels of entitlement crude oil in Egypt in late November for estimated net proceeds of approximately $24.5 mm (inclusive [Read more]
Canada firm plans $200 mln coin/share offering for oil and gas
Canadian oil financing firm Oleum Capital Inc plans to raise $200 million in mid-January through what it calls the world's first offering of both shares and cryptocurrency tokens, a senior company executive told Reuters. The Calgary, Alberta-based company, which helps relatively small firms that may have trouble raising capital on their own, intends to list on the Dutch Caribbean Securities Exchange, co-founder and Chief Innovation Officer Dave Bradley said in an interview on Friday. The [Read more]
Paramount Resources Ltd. Announces a Normal Course Issuer Bid
CALGARY, Dec. 19, 2017 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) announces that its board has approved Paramount implementing a normal course issuer bid ("NCIB") and a Notice of Intention to make a Normal Course Issuer Bid has been filed with, and accepted by, the Toronto Stock Exchange (the "TSX"). Paramount is implementing the NCIB as the Company's directors and management believe that from time to time the market price of Paramount's Class A Common Shares [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. Dec. 19 Coiled Tubing Operator STEP Energy Services Midland Dec. 19 Pumping Services Operator STEP Energy Services Midland Dec. 19 Logistics Driver (Fracturing Services) STEP Energy Services Red [Read more]
Enbridge limits space in January on west Canadian oil pipelines
Enbridge Inc will ration space on its Mainline crude pipeline system in January, the company said on Tuesday, the latest sign of record storage inventories in western Canada pushing export networks to capacity. Canada's largest pipeline company said it will apportion Lines 4 and 67, which ship heavy crude, by 36 percent and Lines 2 and 3, which carry light barrels, by 17 percent. Apportionment means shippers cannot transport all their nominated volumes on the Enbridge system and can [Read more]
Nebraska regulators deny TransCanada request to amend Keystone XL application
Nebraska's Public Service Commission on Tuesday denied TransCanada Corp's motion to amend its application for a route for the proposed Keystone XL pipeline through the state, a move that the company had hoped would head off legal challenges against the project. The commission approved a path for Keystone XL last month, but it was not for the preferred route cited in the application. Instead the commission approved an "alternative mainline" route, a move pipeline opponents [Read more]
Saturn Oil & Gas Inc. Announces Initial Flow Results on First Viking Wells
SASKATOON, SASKATCHEWAN--(Marketwired - Dec. 19, 2017) - Saturn Oil & Gas Inc. ("Saturn" or the "Company") (TSX VENTURE:SMI) (FRANKFURT:SMK) is pleased to announce that it has successfully drilled, completed and brought on-line its first two Viking horizontal wells (101/9-31 and 102/9-31) in the Flaxcombe area. The 101/9-31 well was drilled to a measured depth of 1,497 meters and completed with 24 stage closable sleeves. All 24 stages were successfully completed and the well was brought [Read more]
Luxury still sells as vacancy rates rise in Alberta’s oilsands workcamp sector
CALGARY - Driving by empty workforce accommodation camps along northern Alberta highways near Fort McMurray, the oilsands boom that became a bust still hits home three years after the slide began. The empty parking lots surround plain, functional-looking buildings made up of modular units stacked, stretched end-to-end or lined up like dominos, some complexes containing thousands of deserted rooms. Many oilsands lodges have been "temporarily" closed because they don't have enough [Read more]