OTTAWA - The federal Liberals are pointing to the unpredictable wrath of the American president as further proof for their argument that Canada needs the Trans Mountain pipeline expansion to reduce its trade dependence on the United States. The U.S. is currently the destination for 99 per cent of Canada's oil exports — a fact the Liberals cite as evidence in favour of building Trans Mountain, which would allow Canadian bitumen to be shipped to Asia by sea. Prime Minister Justin Trudeau [Read more]
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Canadian oil production expected to rise: industry association predicts
CALGARY - Canada's oil production is expected to increase by 1.4 million barrels per day by 2035, despite an ongoing "competitiveness gap" that discourages investment, according to the Canadian Association of Petroleum Producers. Total Canadian oil production will increase to 5.6 million bpd in the next 17 years mainly due to a 58 per cent rise in oilsands production to 4.2 million bpd, the group, which represents Canada's upstream oil and gas sector, says in its annual forecast. The [Read more]
Westcore Energy Ltd. Brings Three Wells Back on Production and Announces 2018 Drilling and Development Plans
SASKATOON, June 12, 2018 /CNW/ - Westcore Energy Ltd. ("Westcore" or the "Company") (TSXV: WTR) announces that it has completed its post spring break-up operations and brought 3 production wells back on line. Westcore now has 6 wells on production cumulatively flowing an average of 125 barrels of oil per day. During the spring break-up period four of its wells were shut down, leading to two months of lost production from these wells. The Company was able to access and put wells back online [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 Jun. 12 CEMENT BULK OPERATOR - (BRT) Trican Well Service Ltd. Brooks Jun. 12 JOURNEYMAN HEAVY DUTY MECHANIC GRANDE PRAIRIE (GPC) Trican Well Service Ltd. Grande [Read more]
Blackbird Energy Inc. Provides Results From Independent Resource Evaluation, Including Best Estimate Development Pending Contingent Resources of 112.2 MMboe Representing a Before Tax Net Present Value of $587.3 Million
CALGARY, Alberta, June 12, 2018 (GLOBE NEWSWIRE) -- (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce the results of an updated independent resource evaluation (“2018 Resource Evaluation”) by McDaniel & Associates Consultants Ltd. (“McDaniel”) in respect of the Company’s Pipestone/Elmworth Montney lands. McDaniel prepared the evaluation in accordance with the standards set out in National Instrument 51-101 of the Canadian Securities Administrators and [Read more]
Shoot pucks to win at the Global Petroleum Show!
OSY Rentals and Rival Hydrovac are headed to the Global Petroleum Show at the Calgary's Stampede Park from June 12th - June 14! Shoot pucks to win and beat the OSY Rentals Rival Hydrovac team of goalies: Cam Schultz Dan Zinger Terry McGeough Rob Gryba Chris Zavlanos Greg Cairns Don Cairns [Read more]
Developments in Blockchain, Smart Contracts, Contract Settlement and Transactions in Oil and Gas continue
On Feb. 14, 2018 – GuildOne Inc. announced the first execution of a royalty smart contract using the Company’s new Royalty Ledger application on R3’s Corda blockchain platform at the Blockchain, IoT and Machine Learning in Oil and Gas Conference in Calgary. “Utilizing blockchain technology, Royalty Ledger successfully executed an oil royalty contract settlement and payment transaction. As a Proof of Concept, Royalty Ledger is the first implementation of a smart contract in the oil and gas [Read more]
Enbridge takes steps on pipeline policy after BP complains
WINNIPEG, Manitoba (Reuters) - Canada’s biggest pipeline operator, Enbridge Inc, said on Monday it was taking steps to address complaints from oil shipper BP PLC about abrupt changes it made in allocating space on its Mainline system. The company announced the policy change late last month before reversing it last week, after it caused panic among shippers and dramatically increased a discount on Canadian heavy crude. Enbridge had intended to change how it verifies shippers’ oil supplies [Read more]
Connacher Oil and Gas Limited Announces Extension of CCAA Stay
CALGARY, June 11, 2018 /CNW/ - Connacher Oil and Gas Limited ("Connacher" or the "Company") announced that it has obtained an order from the Alberta Court of Queen's Bench extending the period of the Court-ordered stay of proceedings against Connacher under the Companies' Creditors Arrangement Act ("CCAA") until and including September 30, 2018. The Company has been operating under the protection of the CCAA since May 17, 2016. All inquiries regarding Connacher's CCAA proceedings should be [Read more]
Halifax firm suspends ‘Old Harry’ oil exploration in Gulf of St. Lawrence
Halifax-based Corridor Resources Inc. (TSX:CDH) says it has suspended exploratory work on the Old Harry project in the Gulf of St. Lawrence for the foreseeable future. In a news release issued Monday, the company says it has completed a geotechnical analysis and has determined that it wouldn't be "prudent" to continue with additional capital spending, and as a result is suspending all further technical work and expenditures. The Old Harry site is located about 80 kilometres off [Read more]