OTTAWA - Natural Resources Minister Jim Carr says he is absolutely confident Canada and Kinder Morgan will come to a financial agreement that will convince the pipeline builder to proceed with the Trans Mountain expansion before its May 31 deadline. Speaking at a conference in Ottawa today, Carr says it was understandable that the threat of "endless court action" gave Kinder Morgan's investors pause about proceeding. He says the government and the company have just a few more weeks to find [Read more]
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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 May. 7 Joint Venture Accountant Canadian Natural Resources Calgary May. 7 Royalty Analyst - Property Accounting Canadian Natural Resources Calgary May. 6 HR [Read more]
U.S. crude output to hit 12 million bpd in late 2019
NEW YORK (Reuters) - U.S. crude oil production is expected to rise more than previously expected to 12 million barrels per day by the fourth quarter of 2019, the U.S. Energy Information Administration said on Tuesday in a monthly report. The agency forecast that U.S. crude oil output will rise by 1.14 million barrels per day (bpd) to 11.86 million bpd on average next year, according to the short term energy outlook. Last month, it expected a 750,00-bpd year-over-year increase to 11.44 million [Read more]
Uncertainty over marine protection areas hurts offshore investment: N.L. premier
ST. JOHN'S, N.L. - Newfoundland and Labrador's premier says confusion and uncertainty over federal efforts to protect marine areas have stranded crucial offshore oil investment. Dwight Ball says future decisions should be timely and based on good science — not pressure from what he called special interest groups. He made the comments to the National Advisory Panel on Marine Protected Area Standards. There are now two marine protected areas off Newfoundland and Labrador, with a third [Read more]
Hemisphere Energy Provides Operational And Production Updates
TSX-V: HME - VANCOUVER, May 8, 2018 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") is pleased to provide an update on its operations and current production. Hemisphere had an active start to 2018 with three Atlee Buffalo G pool development wells drilled in the first quarter. The first well was completed as a producing oil well and tied-in to the new Atlee Buffalo G pool facility in late March 2018. It has now been on production for over a month and is [Read more]
Advantage Extends Odd-Lot Share Repurchase Program
(TSX: AAV, NYSE: AAV) - CALGARY, May 8, 2018 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage") is pleased to announce that it has extended the expiry of its previously disclosed odd-lot share repurchase program (the "Odd Lot Program") by six weeks to June 19, 2018. Pursuant to the Odd Lot Program, Advantage has offered to buy back common shares from registered and beneficial shareholders of Advantage who own 99 or fewer common shares ("Odd Lot Holders"). The Odd Lot Program affords Odd [Read more]
Perpetual Energy Inc. Releases First Quarter 2018 Financial and Operating Results
CALGARY, May 8, 2018 /CNW/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release its first quarter 2018 financial and operating results. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis ("MD&A") for the three months ended March 31, 2018 can be obtained through the Company's website at www.perpetualenergyinc.com and SEDAR at www.sedar.com. FIRST [Read more]
Cona Resources Ltd. Announces First Quarter 2018 Results
CALGARY, May 8, 2018 /CNW/ - Cona Resources Ltd. ("Cona" or the "Company") (TSX: CONA) announces its operating and financial results for the three months ended March 31, 2018. Cona's financial statements and management's discussion and analysis ("MD&A") for the three months ended March 31, 2018 are available on our website at www.conaresources.com and on SEDAR at www.sedar.com. HIGHLIGHTS Production for the first quarter of 2018 averaged 17,143 boe/d (99% oil), ahead of fourth [Read more]
Royal Dutch Shell to sell stake in Canadian Natural Resources
TORONTO - Royal Dutch Shell is selling its stake in Canadian Natural Resources Ltd. for about $4.3 billion. The sale of more than 97 million shares represents Shell's entire interest in Canadian Natural, a roughly eight per cent stake in the company. Shell said in a statement Monday night that proceeds from the sale will contribute to reducing net debt. The sale is expected to complete on Wednesday. Shell shares closed at $45.30 on the Toronto Stock Exchange on Monday. The company [Read more]
Live Now- Canada’s 1st Virtual Oil and Gas Expo In Partnership With Shell
Attend For Free! Our show is now live click here to attend for free We are so pleased to welcome you all to the SOLD-OUT Industry Connect! We have a full two days planned for you, and the best part is you can experience everything on your own schedule, completely from your computer, laptop, or phone! WHO’S HERE? Industry Connect is pleased to welcome 100 exhibiting companies, dozens of webinar hosts, and more than 2,000 pre-registered attendees representing the Oil & Gas [Read more]