LONDON (Reuters) - President Donald Trump’s decision to replace his secretary of state with a more hawkish figure should have been bullish for oil prices since it increases the probability the nuclear deal with Iran will be abandoned in May. Failure to recertify the deal could lead to the re-imposition of secondary sanctions and pressure from the United States on other countries to reduce their purchases of Iranian crude again. But the decision to replace the secretary of state barely [Read more]
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Private oil and gas company looking for drilling-ready prospects for 2018 drilling campaign
A private company with existing operation in Alberta is seeking for drilling-ready prospects for its 2018 drilling program. Medium-light oil, relatively shallow, high working interest and large inventory of locations are preferred. Transaction could be done in cash or GOR. Interested party please send email to 2018drilling@gmail.com and the company information will be provided in person. [Read more]
Journey Energy Inc. Reports its 2017 Financial Results
CALGARY, March 13, 2018 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial results for 2017. The complete set of financial statements and management discussion and analysis for the year ended December 31, 2017 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for the fourth quarter of 2017 were: Realized funds flow of $9.8 million in the fourth quarter, an 18% increase over the $8.4 million in [Read more]
Marquee Energy Ltd. Announces Commencement of Strategic Alternatives Process
CALGARY, March 13, 2018 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQX") announces commencement of a review of strategic alternatives to enhance shareholder value. Marquee's Board of Directors has determined it is timely, prudent and in the best interests of the Company and its stakeholders to commence a formal process to explore strategic alternatives. Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business [Read more]
Pine Cliff Energy Ltd. Announces Annual 2017 Results and Filing of 2017 Disclosure Documents
CALGARY, Alberta, March 13, 2018 (GLOBE NEWSWIRE) -- Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX:PNE) is pleased to announce its year-end financial and operating results and the filing of its 2017 disclosure documents. Included in the filings were Pine Cliff's annual information form (“AIF”), which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51‐101 Standards of Disclosure for Oil and Gas Activities [Read more]
Heavy crude discount inches wider as surplus weighs
The Canadian heavy oil discount widened slightly on Tuesday against the West Texas Intermediate (WTI)benchmark as growing crude stockpiles continued to exceed capacity to move product out of the oil-rich province ofAlberta. Western Canada Select (WCS) heavy blend crude for April delivery in Hardisty, Alberta, settled at $25.50 a barrel below the WTI benchmark crude price, according to Shorcan Energy brokers, compared with Monday's settle of $25.25. Concerns over growing surplus in the [Read more]
Bellatrix Exploration Ltd. Announces Fourth Quarter 2017 and Year End Financial and Operating Results
CALGARY, Alberta, March 13, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix”, "we", "us", "our" or the “Company”) (TSX:BXE) (NYSE:BXE) announces its financial and operating results for the fourth quarter and year ended December 31, 2017. This press release contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the end of this press release and the beginning of the Management’s Discussion [Read more]
Bonterra Energy Corp. Announces Year End 2017 Results
CALGARY, Alberta, March 13, 2018 (GLOBE NEWSWIRE) -- Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or the “Company”) is pleased to announce its operating and financial results for the year ended December 31, 2017. The related financial statements and notes, as well as management’s discussion and analysis (“MD&A”) for the year ended December 31, 2017 and annual information form (“AIF”) as of December 31, 2017 are available on SEDAR at www.sedar.com and on Bonterra’s [Read more]
LNG is the new shale oil with the U.S. as disruptor-in-chief: Russell
LAUNCESTON, Australia, March 13 (Reuters) - Crude oil is likely to spring to mind if one is asked to name a commodity where the United States is disrupting the market by becoming a swing producer and challenging traditional trade flows, especially in fast-growing Asian markets. But it’s increasingly likely that the United States is about to play the same role in liquefied natural gas (LNG), as it ramps up production in an already well-supplied market. Much has been written recently about how [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 Mar. 8 Exploration Manager Razor Energy Corp. Calgary Mar. 12 Control Room Operator AltaGas Blythe Mar. 12 Property Accountant Canadian Natural [Read more]