VANCOUVER - British Columbia's fired liquefied natural gas advocate is suing Premier John Horgan, the province's jobs minister and a New Democrat MP in a lawsuit claiming $5 million in damages. Gordon Wilson alleges in a statement of claim filed in B.C. Supreme Court that Horgan made defamatory statements to news media earlier this month by saying there's no evidence of any written reports or briefings to back up his salary. The statement of claim says Jobs Minister Bruce Ralston [Read more]
Headlines
U.S. drillers cut oil rigs for second week in three – Baker Hughes
U.S. energy firms cut oil rigs for a second week in three, data showed on Friday, with drillers cutting spending plans in reaction to declining crude prices. Drillers cut five oil rigs in the week to Aug. 18, bringing the total count down to 763, General Electric Co's Baker Hughes energy services firm said in its report on Friday. That compares with 406 active oil rigs during the same week a year ago. Drillers have added rigs in 56 of the past 64 weeks since the start of June 2016. The [Read more]
Canada Weekly Rig Count Down 6 to 214
Western Canada’s fleet of drilling rigs decreased to 214 actively drilling rigs according to data collected by Baker Hughes for the week of August 11th. From one week ago, Alberta rig counts decreased to 138 rigs from 148, the Saskatchewan rig count decreased to 43 from 45. Oil drilling decreased to 121 rigs from 127; gas rigs remained at 93. View a full breakdown of western Canada’s rig activity. [Read more]
Vital Energy Inc. S.W. Saskatchewan Core Project Areas – Status Update
CALGARY, Alberta, Aug. 17, 2017 (GLOBE NEWSWIRE) -- Vital Energy Inc. ("Vital") (TSX-V:VUX) is pleased to announce the following update on their S.W. Saskatchewan Core Project Areas: Gull Lake Project Area: The 02-29-13-19 W3M vertical test well that was targeting oil production from the Roseray, Cantuar and Upper Shaunavon formations was completed and placed on production in late July 2017. The 02-29 well is producing 23.7 degree API medium gravity oil from the Upper Shaunavon formation. Oil [Read more]
Alberta trade minister says NAFTA talks no threat to oil and gas industry
CALGARY - Alberta's minister of trade says Canada's oil and gas industry has little to worry about as wide-ranging North American trade negotiations get underway. Speaking Thursday after a conference of state governments in Tacoma, Wash., Minister Deron Bilous said U.S. lawmakers recognize the importance of an integrated energy market. He said Alberta government representatives have been meeting with U.S. counterparts regularly to emphasize the importance of market access and [Read more]
Bellatrix Regains Compliance with NYSE Minimum Price Listing Standard
TSX, NYSE: BXE - CALGARY, Aug. 16, 2017 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) announces that it has received notification from the New York Stock Exchange ("NYSE") that the Company has regained compliance with the NYSE's continued listing standard regarding the price of its common shares because the average closing price of a Bellatrix common share has exceeded US$1.00 for 30 consecutive trading days following implementation of the 5-for-1 share [Read more]
Registration now open for 2017 Red Deer Oil & Gas Expo
Registration is now open to the public. Booth space will be given out on a first come basis. The Red Deer Oil & Gas Expo and management reserve the right to place all exhibitors in the 2017 show. Applications sent in without the proper financial remittances will be returned to the applicant and will not be considered as an “official application” until payment is received. N.S.F. cheques or invalid credit cards will result in immediate cancellation of any space reservations. Click to learn [Read more]
Over 500 active job listings on BOE Report Jobs
BOE Report is pleased offer, free of charge, oil and gas companies the ability to post job openings at jobs.boereport.com. Currently there are over 500 active job listings for a wide range of skill sets in the Western Canada oil and gas industry. Take a look here! Have a job you would like to post? By posting on jobs.boereport.com, your company will leverage, for free, the audience of a leading North American oil and gas news source. To post a job, click the “Post a Job Free!” button, and [Read more]
Tidewater Midstream and Infrastructure Ltd. Announces Strategic Acquisitions within Deep Basin and Montney Regions
CALGARY, Alberta, Aug. 15, 2017 (GLOBE NEWSWIRE) -- Tidewater Midstream and Infrastructure Ltd. ("Tidewater" or the "Company") (TSX VENTURE:TWM) is pleased to announce that it has entered into two acquisition agreements, one being an acquisition in the Deep Basin and Montney region (the ”Deep Basin and Montney Acquisition”) and the second being an acquisition in the Wapiti region (the “Wapiti Pipeline Acquisition”) for combined cash consideration of $51 million (collectively, the [Read more]
Pembina Pipeline Corporation Announces Closing of $600 Million Public Note Offering
CALGARY, Aug. 16, 2017 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL, NYSE: PBA) is pleased to announce that it has closed its previously announced offering of $600 million of senior unsecured medium-term notes (the "Offering"). The Offering was conducted in two tranches consisting of $350 million principal amount through the re-opening of the Company's 2.99% medium-term notes, series 8, due January 22, 2024 (the "Series 8 Notes") and $250 million principal amount [Read more]