CALGARY, Nov. 7, 2018 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) announced today that it has closed its previously announced equity offering of 9,620,000 common shares at $20.80 per share for gross proceeds of $200,096,000. The offering was made on a bought deal basis through a syndicate of underwriters led by TD Securities Inc., as sole bookrunner, and co-led by BMO Capital Markets. Inter Pipeline will use the net proceeds of the offering to partially fund the previously [Read more]
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Baker Hughes Announces October 2018 Rig Counts
HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes, a GE company (NYSE:BHGE) announced today that the Baker Hughes international rig count for October 2018 was 1,017, up 13 from the 1,004 counted in September 2018, and up 66 from the 951 counted in October 2017. The international offshore rig count for October 2018 was 207, up 3 from the 204 counted in September 2018, and up 3 from the 204 counted in October 2017. The average U.S. rig count for October 2018 was 1,062, up 9 from the 1,053 [Read more]
It’s time to proactively manage your liabilities
Why should you spend your scarce capital on abandonment and decommissioning activities today instead of waiting for the next up-cycle? Natural instinct of operators in the Western Canadian oil & gas market of the past few years has been to put every hard-earned dollar into increasing production and reserves. ELM Inc. would suggest that now is the time to actively manage your abandonments and decommissioning obligations. Asset retirement obligation (“ARO’s”) is a material issue for [Read more]
Energy Companies Gear up for Winter Construction with All-Weather Road-Building Materials.
Access to Energy Resources has Immense Challenges in Winter Conditions. In late fall, wet, muddy conditions can slow down access to energy sources in Western Canada’s oil sands region—making access by heavy trucks and equipment nearly impossible. So, energy companies wait for frozen ground before ramping back up on production. Even in winter, access to remote oil sites creates challenges—undeveloped roads, poor soil conditions and limited road building resources. Companies have relied on [Read more]
New technology is changing daily practices in Oil and Gas
Most of us can think of a number of things we don’t do anymore in daily life because of new technology. One that comes to mind is “Doing math calculations in your head”. We have had calculators for a long time now, but we now carry smartphones which can do calculations whenever we want. There is now an app called PhotoMath that can solve equations just by taking a picture with a smartphone’s camera. Technological innovations surround us every day and we are feeling waves of impact in the Oil [Read more]
Surge Energy Inc. Announces Third Quarter 2018 Results; Average Q3 Production Exceeds 2018 Exit Rate Guidance; Adjusted Funds Flow Per Share Up 80 Percent Over Q3/17
CALGARY, Nov. 6, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2018. FINANCIAL AND OPERATING HIGHLIGHTS Three Months Ended September 30, Nine Months Ended September 30, ($000s except per share amounts) 2018 2017 % Change 2018 2017 % Change Financial highlights Oil [Read more]
Enbridge Income Fund Holdings Inc. Announces Shareholder and Court Approval of Plan of Arrangement with Enbridge Inc.
CALGARY, Nov. 6, 2018 /CNW/ - Enbridge Income Fund Holdings Inc. (ENF or the Company) (TSX: ENF) announced today that ENF shareholders overwhelmingly approved the previously announced plan of arrangement (the Arrangement) with Enbridge Inc. (Enbridge) (TSX, NYSE: ENB) at a Special Meeting of ENF Shareholders held today (the Meeting). Pursuant to the Arrangement, Enbridge will acquire all of ENF's outstanding common shares (ENF Shares) not currently owned by Enbridge, resulting in ENF becoming [Read more]
Imperial investment in Aspen project to proceed
$2.6 billion investment to develop 75,000 barrels per day of bitumen production Next-generation technology to improve economics, reduce emissions intensity and water use Mutually beneficial, long-term agreements with seven local Indigenous communities Construction to begin in fourth quarter of 2018; project startup in 2022 CALGARY, Alberta--(BUSINESS WIRE)--Imperial announced today that it has made a final investment decision to develop its Aspen project, located about 45 kilometres [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 Nov. 6 Field Operator Roska DBO Hythe Nov. 6 Tank Truck Drivers/Lease Operators Vertex Kindersley Nov. 6 Systems Administrator Resource Energy [Read more]
Keyera Corp. Announces 2018 Third Quarter Results
CALGARY, Nov. 6, 2018 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced its third quarter 2018 financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera's website at www.keyera.com, or, to view the MD&A and financial statements, visit either Keyera's website or Keyera's filings on SEDAR at www.sedar.com. HIGHLIGHTS Keyera delivered strong financial results in the third quarter of 2018 with adjusted [Read more]