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Headlines

Upcoming CAPL Courses and Lunch & Learns

January 29, 20187:15 AM BOE Report Staff

Here is the upcoming list of courses offered by CAPL. For more information, click on a course link below or visit landman.ca Date Course Category Status Feb 06,07 2018 1990 and 2015 CAPL Operating Procedures (2 Day) Agreements and Contractual Issues postponed Feb 13 2018 British Columbia First Nations Process Lunch and Learn (PSL®) Surface and Mineral open Feb 14 2018 Negotiations: The Essential Skill for Landmen Negotiations and Business [Read more]

Prairie Provident Announces 2017 Year-End Reserves and 2018 Budget and Posts Updated Presentation

January 29, 20184:30 AM Globe Newswire

Prairie Provident Resources

CALGARY, Alberta, Jan. 29, 2018 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2017 year-end reserves evaluation and to provide our 2018 budget and guidance. In 2017, Prairie Provident focused on repositioning its asset portfolio by selling non-core gas producing properties and buying oil-weighted properties in our core areas, in concert with postponing short-term [Read more]

Prairie Provident Resources Utica

Suncor Energy transitions to continuous operations at Fort Hills

January 29, 20184:30 AM Marketwired

Suncor Energy logo

CALGARY, ALBERTA--(Marketwired - Jan. 29, 2018) - Suncor today announced that the Fort Hills project is continuing its steady ramp up of production following the safe startup of secondary extraction on Jan. 27, 2018. Fort Hills, which is located approximately 90 kilometres north of Fort McMurray, has a capacity of approximately 194,000 barrels per day (bbls/d), approximately 103,000 bbls/d net to Suncor. As expected, the first of three trains from secondary extraction is now online and [Read more]

Suncor

Blackstone Industrial Services Expands BHGE Relationship

January 29, 20183:47 AM BOE Report Staff

Calgary, AB - Blackstone Industrial Services (Blackstone), a leading Canadian critical rotating equipment services company, has expanded its role in support of its customers and BHGE. As an Authorized Service & Sales Channel of Baker Hughes, a GE company (BHGE), Blackstone scope has expanded to support parts, service and repairs for legacy products like its AC compressor and Rotoflow turboexpander for all of Canada. Blackstone will handle distribution and sales for all western Canadian [Read more]

LNG

TransGlobe Energy Corporation Announces 2017 Year-End Reserves

January 29, 201812:00 AM Marketwired

TransGlobe Energy logo

CALGARY, Alberta, Jan. 29, 2018 (GLOBE NEWSWIRE) -- TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) today announces its 2017 year-end reserves.  All dollar values are expressed in United States dollars unless otherwise stated. EXECUTIVE SUMMARY Total proved (“1P”) gross reserves of 27.6 million barrels oil equivalent (“MMboe”) (YE 2016: 29.9 MMboe) representing a 2.3 MMboe or 8% decrease from year-end 2016 primarily due to production of ~5.7 MMboe [Read more]

Cardium TransGlobe Energy

‘Energy hunters’: Bitcoin miners search for cheap, innovative energy sources

January 28, 20188:00 AM The Canadian Press0 Comments

CALGARY - For most Canadians, Drumheller conjures up images of dinosaur bones and ancient fossils, but entrepreneur Sean Clark's expedition in the southern Alberta town is focused on a very current obsession: Bitcoin. The CEO of Hut 8 Mining Corp. recently set up his company in the self-proclaimed 'dinosaur capital of the world' because its cheap electricity rates give him the biggest margins for his Bitcoin mining business. The cryptocurrency boom is pushing Canadian companies [Read more]

Iron Bridge Resources

Husky Energy to Resume SeaRose Operations

January 26, 20182:22 PM Globe Newswire

Husky Energy

CALGARY, Alberta, Jan. 26, 2018 (GLOBE NEWSWIRE) -- The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) today announced it has lifted the notice to suspend operations for the SeaRose floating production, storage and offloading (FPSO) vessel and associated facilities. The January 17, 2018 C-NLOPB notice to suspend operations resulted from an incident in March 2017 where Husky Energy (TSX:HSE) departed from its agreed Ice Management Plan by not disconnecting the vessel and [Read more]

Husky Energy

U.S. drillers add most oil rigs in a week since March -Baker Hughes

January 26, 201811:13 AM Reuters0 Comments

texas drilling rig

U.S. energy companies added 12 oil rigs this week, the biggest weekly increase since March, as crude prices hovered near their highest levels since 2014, prompting drillers to return to the well pad. Drillers boosted the rig count to 759 in the week to Jan. 26, the highest level since September, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future output, is much higher than a year ago [Read more]

Canada Weekly Rig Count Up 13 to 338

January 26, 201811:07 AM BOE Report Staff

Alberta drilling rig

Western Canada’s fleet of drilling rigs went up by 13 rigs to the current count of 338 actively drilling rigs according to data collected by Baker Hughes for the week of January 26th. From one week ago, Alberta rig counts increased from 223 to 232, the Saskatchewan rig count increased from 64 to 69. Oil drilling went from 208 to 220; gas rigs went up from 117 to 118. View a full breakdown of western Canada’s rig activity. [Read more]

CP Rail seeks ‘skin in the game’ from shippers to increase bitumen transport

January 26, 201810:29 AM The Canadian Press0 Comments

CALGARY - Crude-by-rail shippers are being asked to sign multi-year, take-or-pay contracts that guarantee minimum volumes before Canadian Pacific Railway will assign locomotives and crews to help move a backlog of oilsands crude out of Western Canada. The railway wants its customers to have significant "skin in the game" before it commits to the costs involved in scaling up its oil-shipping capacity, chief financial officer Nadeem Velani told a CIBC World Markets conference webcast from [Read more]

Cenovus

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