CALGARY, Feb. 20, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted Surge's notice of intention to make a normal course issuer bid for its outstanding common shares in accordance with the rules and policies of the TSX. Surge believes that the market price of its common shares, in today's current oil price environment, does not accurately reflect their underlying value, making the [Read more]
Headlines
Pengrowth Announces the Planned Retirement of Current CEO Derek Evans and the Pending Appointment of Peter Sametz as President and CEO
CALGARY, Alberta, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Pengrowth Energy Corporation (TSX:PGF) (NYSE:PGH) today announced the appointment of Mr. Peter D. (“Pete”) Sametz as President and Chief Executive Officer and member of the Board of Directors effective March 15th, 2018. Peter replaces Derek Evans who will be retiring as an officer and director of the company on March 14th, 2018. Derek will continue in a transitional advisory role reporting to the Board Chair until June 30th, 2018 to provide [Read more]
Confused by EIA Production Estimates? Join the Club
Fatih Birol, Chairman of the International Energy Agency was recently quoted as saying US oil production grew by 864,000 barrels per day, according to weekly estimates, since October 2017 (it was actually only 658,000 barrels per day from November 1, until the first week of February) and that it was astonishing. The comment was made after the EIA reported a weekly increase of 332,0000 barrels per day in the Feb 7, 2018 weekly Petroleum Status Report. The definition of astonishing is “extremely [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 Feb. 19 Construction Technician TransCanada Spruce Grove Feb. 18 Heavy Duty Mechanic Calfrac Well Services Grande Prairie Feb. 18 Heavy Duty Mechanic Calfrac [Read more]
Alberta shrugs off B.C. legal challenge on wine ban, says much more at stake
EDMONTON - The full costs of the action can be charged to the losing province and if the province doesn't fix the problem within the time set out by the panel, it can be fined up to $10 million. -- Alberta's economic development minister is shrugging off a legal challenge filed by British Columbia over Alberta's ban on B.C. wine. Deron Bilous says the potential fine Alberta faces for violating free trade rules is a pittance when set against the stakes of the Trans Mountain [Read more]
Scotiabank says pipeline constraints to cost economy $10.7 billion in 2018
CALGARY - Delayed oil pipeline construction is causing a steep discount for Canadian crude prices that is costing the economy roughly $15.6 billion a year, according to Scotiabank. "Pipeline approval delays have imposed clear, demonstrable and substantial economic costs on the Canadian economy," said bank chief economist Jean-Francois Perrault in a report Tuesday. The discount, however, is expected to ease through the year as more rail capacity becomes available to ship oil, [Read more]
Column: TransCanada’s baffling clumsiness is crushing some excellent natural gas producers
“Kindly let me help you or you’ll drown,” said the monkey, putting the fish safely up in a tree. Maybe TransCanada has been worn down by the demented pipeline approvals process. Maybe they’re an $80 billion dollar company that sees things differently than when Western Canada was of significance. Maybe they’re down in Phoenix, so calloused by the Energy East and Keystone fights they can’t hear anymore. They sure aren’t in Calgary in any conscious way, because if they were they’d be a [Read more]
Return Energy Announces Casing of Initial Well and Commencement of Drilling at Second Well at Rycroft
CALGARY, Feb. 20, 2018 /CNW/ - Return Energy Inc. ("Return" or the "Company") (TSX-V: "RTN"), through its wholly-owned subsidiary, Winslow Resources Inc. ("Winslow"), is pleased to announce that drilling operations at its Rycroft 100/14-27-076-06W6/00 well have wrapped up and production casing has been run in the wellbore. The 14-27 well is a step-out well to Winslow's 100/10-27-076-06W6/00 oil well that currently defines the Rycroft Charlie Lake "S" oil pool, north of Grande Prairie, [Read more]
Katalyst Data Management Launches Well File and Well Log Scanning “Paper to Digits” Service
Company begins initiative to create a complete electronic well file HOUSTON (February 20, 2018) Katalyst Data Management announced today that it has launched well file and well log scanning services for the oil and gas industry. The company now has the capacity to scan volumes of well logs and associated files that are created during the life cycle of a well into an accessible PPDM database. This announcement follows Katalyst's recent completion of a successful well file scanning project [Read more]
We caught up with some of the 2017 Global Petroleum Show Award Winners – here’s where they are now
Since the launch of the Global Petroleum Show Awards in 2014, the program has shined a spotlight on technological advancements and environmental initiatives in the energy industry on a global stage at the annual conference and exhibition. Through one of the most impactful oil price downturns in history, the program continued to celebrate the successes of the companies creating positive change alongside the revolution. Companies are now operating more efficiently and environmentally responsible [Read more]