Calgary, Alberta October 15, 2018 – Cold Bore Technology Inc. (“Cold Bore” or the “Company”) is pleased to announce the closing of an investment by Rice Investment Group (“RIG”) as well as the appointment of Toby Rice to the Board of Directors. Cold Bore is a global leader in fracturing optimization software, developing the first Industrial Internet of Things based Electronic Completions Recorder and remote frac operating system deployed by Cold Bore’s SmartPADTM service. The Company’s [Read more]
Headlines
BOEReport.com welcomes former Saskatchewan Premier Brad Wall as new contributor
BOEReport.com is pleased to welcome former Saskatchewan Premier, Brad Wall as its latest contributor. Mr. Wall's monthly column will feature his thoughts on a wide range of topics important to BOEReport.com's audience. Canoe Financial is pleased to be the presenting partner for Mr. Wall's monthly column. Mr. Wall served as the 14th Premier of Saskatchewan from 2007 to 2018 and is currently a special advisor to Osler, Hoskin & Harcourt LLP. "I am honoured to be a part of [Read more]
Column: Is oil and gas slow to adopt state-of-the-art information technology?
Between the two of us, a friend and I have spent almost an entire career in the oil and gas industry even though we’re not engineers or geologists or lawyers or accountants. We’re information technology (IT) guys. We discovered early, and were reminded often, that IT is not a core function of oil and gas companies. They are largely driven by geology and engineering with everything else more-or-less tied for last. When starting, you make your bundle by finding the black, shiny stuff and bringing [Read more]
Canada Weekly Rig Count Up 13 to 195
Western Canada’s fleet of drilling rigs decreased to a total of 195 according to data collected by Baker Hughes for the week of October 12th. From one week ago, Alberta rig counts went up 4 to 130. Saskatchewan's rig count increased from 33 to 41. Oil drilling went from 119 127; natural gas rigs increased from 63 to 68. View a full breakdown of western Canada’s rig activity. [Read more]
U.S. drillers add oil rigs for first week in four
The U.S. oil drilling rig count rose this week for the first time in four weeks even as crude prices tumbled to their lowest in almost three weeks. Drillers added eight oil rigs in the week to Oct. 12, bringing the total count to 869, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The increase is the biggest weekly gain since mid August. The U.S. rig count, an early indicator of future output, is higher than a year ago when 743 [Read more]
Some natural gas flows to curtailed customers after pipeline blast: FortisBC
VANCOUVER - The long process of restoring natural gas service to industrial customers in British Columbia is underway after an explosion earlier this week near Prince George that shut down two pipelines. A statement posted on the website of FortisBC, the utility that distributes gas to about one million B.C. homes and businesses, says work to bring industrial customers back online began Thursday night and will continue, on a gradual basis, through the weekend. Specific businesses [Read more]
World oil market ‘adequately supplied for now’: IEA
LONDON (Reuters) - Oil markets look “adequately supplied for now” after a big production increase in the last six months, but the industry is coming under strain, the West’s energy watchdog said on Friday. The International Energy Agency said in its monthly report that the world’s spare oil production capacity was down to 2 percent of global demand, with further falls likely. “This strain could be with us for some time and it will likely be accompanied by higher prices, however much we [Read more]
Developing a Strategy to Improve Canadian Energy Competitiveness
An interview with David A. McLellan, Strategic Guidance Principal at Ridgeway Strategic Consulting. In the lead up to the Oct 18th PJVA Luncheon next week, we had the pleasure of catching up with David A. McLellan, Strategic Guidance Principal at Ridgeway Strategic Consulting. With US and Canadian experience as a business strategist to the Energy Industry, David shares his insights on US Trade, Tax and Regulatory reform and how Canada & US global trade relationships impact the Energy [Read more]
Ikkuma Resources Provides Activity Update
TSX Venture Exchange: IKM-V CALGARY, Oct. 11, 2018 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") is pleased to provide an update on its recent activity. Ikkuma is pleased to announce that on October 9, 2018 it closed a conveyance and sale agreement for the sale of a non-core dormant midstream facility in the Alberta foothills (the "Midstream Facility Sale") to an undisclosed purchaser for a total consideration of $2.0 million, subject to customary adjustments. As [Read more]
Velvet Energy Ltd. & Iron Bridge Resources Inc. Jointly Announce Amalgamation Agreement
CALGARY, Alberta, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Velvet Energy Ltd. ("Velvet") and Iron Bridge Resources Inc. (TSX: IBR) ("Iron Bridge") today announced that Iron Bridge has entered into an amalgamation agreement (the "Amalgamation Agreement") with Velvet Acquisition Company Ltd. ("AcquisitionCo"), a wholly-owned subsidiary of Velvet, under which Iron Bridge will amalgamate with AcquisitionCo, with the amalgamated entity ("Amalco") becoming an wholly-owned subsidiary of Velvet (the [Read more]