HOUSTON (Reuters) - Pioneer Natural Resources Co Chief Executive Tim Dove on Tuesday said proposed U.S. tariffs on imported steel and aluminum would negatively impact his shale oil production company’s profits. Dove’s remarks echoed several other energy executives who this week said they faced higher costs from tariffs, and said there are certain types of metal that are not made by U.S. companies. Pipeline and refining expansions could be revisited if the tariffs significantly raise [Read more]
Headlines
Hal Kvisle and Keith MacPhail to stand as nominees for Cenovus Board
CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) announced today that Hal Kvisle and Keith MacPhail will be proposed nominees for election to the Board of Directors at the company’s next annual meeting of shareholders to be held on April 25, 2018. Mr. Kvisle has spent more than four decades working in the Canadian oil and natural gas sector, with experience running upstream production, power and pipeline businesses, while Mr. MacPhail has more than [Read more]
Tourmaline Grows 2017 Cash Flow by 65%, Delivers Earnings of $346.8 Million, and Announces Inaugural Dividend in Q1 2018
CALGARY, March 6, 2018 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce very strong 2017 financial and operating results as well as payment of the Company's first dividend. HIGHLIGHTS Tourmaline grew 2017 cash flow(1) by 65% to $1.2 billion ($4.47/diluted share). Tourmaline delivered full-year 2017 earnings of $346.8 million ($1.29/diluted share) underscoring the inherent profitability of the core EP business. Record low full-year 2017 [Read more]
Suncor’s Sarnia, Ontario refinery to undergo turnaround in April
Suncor Energy's refinery in Sarnia, Ontario is expected to undergo a turnaround in April, news website blackburnnews.com reported on Tuesday. Preparation work is underway and the company is now using its alternate flare to get the main flare ready for the turnaround, the report said, quoting a community alert notice by the company. The alternate flare is scheduled to be in use until late June, the report added. Suncor operates a 85,000 barrel-per-day (bpd) refinery inSarnia, Ontario, [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. 6 Oil & Gas - Camp Attendant Roska DBO Grande Prairie Mar. 6 Crude Oil Marketing Representative Kelt Exploration Ltd. Calgary Mar. 5 Supply [Read more]
Scientist Bill Nye prods Trudeau to explain rationale behind Kinder Morgan
OTTAWA - Popular TV science personality Bill Nye put Prime Minister Justin Trudeau on the spot Tuesday to explain Canada's approval of a controversial pipeline which, if built, will increase the flow of oil from Alberta to the Pacific coast. "Tell us about the Kinder Morgan pipeline," the American scientist asked Trudeau as they concluded a panel discussion on science and innovation in front of students at the University of Ottawa. As he prodded the prime minister, Nye, best [Read more]
Chevron Affirms Cash Flow Growth and Capital Discipline
NEW YORK--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) hosted its annual security analyst meeting in New York, where executives highlighted the company’s plans to excel in any market environment. “We intend to grow free cash flow in 2018 and thereafter,” said Michael K. Wirth, Chevron’s chairman and chief executive officer. “Even with no commodity price appreciation, we expect to deliver stronger upstream cash margins and production growth. This is a powerful combination.” “And we [Read more]
Tamarack Valley Energy Ltd. Announces Record 2017 Financial and Operating Results and a 53% Increase in Proved Developed Producing Reserves
CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) -- Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2017 and the results of its independent oil and gas reserves evaluation as of December 31, 2017, prepared by GLJ Petroleum Consultants Ltd. (“GLJ”). Selected financial, operational and reserves information is outlined below and should be read with Tamarack’s audited [Read more]
Baytex Reports 2017 Results With 26% Increase in Adjusted Funds Flow, 6% Increase in Reserves and Strong Eagle Ford Performance
CALGARY, Alberta, March 06, 2018 (GLOBE NEWSWIRE) -- Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three months and year ended December 31, 2017 (all amounts are in Canadian dollars unless otherwise noted). “Our fourth quarter results demonstrate the impressive cash generating capability of our assets as commodity prices improve. With WTI averaging US$55/bbl, we realized our strongest operating netback in three years and generated [Read more]
Building an LNG Mega Project in Uncertain Times, Join Susannah Pierce from LNG Canada at this GPAC Luncheon
LNG Canada represents a once in a generation opportunity to benefit regional, provincial and national economies. The project will provide security of supply for global markets that rely on Canada’s natural gas reserves to fuel their economies, reduce global GHG emissions as natural gas replaces the use of coal, and at the same time, bring significant economic growth and stability to northern British Columbia communities and all of Canada. Projects like LNG Canada are unique and happen [Read more]