CALGARY, Alberta, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Chinook Energy Inc. ("Chinook" or the "Company") (TSX:CKE) today announced its unaudited 2017 year end results and the results of its year end reserve evaluation effective December 31, 2017 as prepared by its independent evaluator. Chinook's audit of its 2017 annual consolidated financial statements is not yet complete and accordingly all financial amounts referred to in this news release are unaudited and represent management's [Read more]
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Yangarra Announces 2017 Year End Corporate Reserves Information
CALGARY, Feb. 13, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) releases the results of 2017 year end oil and gas reserves evaluation. Reserve Report Highlights: The independent reserves report prepared by Deloitte LLP is effective as of December 31, 2017 ("2017 Reserve Report"). All reserves information contained in this press release is based on the 2017 Reserve Report. Unless specifically indicated, all financial and operational information in this [Read more]
Shannon Stubbs Letter to the Editor: Trudeau fails to lead
Canadians across the country are shocked at the lack of leadership from the Prime Minister or his government as the dispute between British Columbia and Alberta over the Kinder Morgan Trans Mountain pipeline project escalates. Last week, as the situation worsened, Prime Minister Justin Trudeau left Canada on a foreign tour in the United States. What he should have been doing is working to protect the families and workers who depend on Canada’s resource industry for their [Read more]
Dear John: Alberta launches petition to B.C.’s Premier Horgan in pipeline fight
EDMONTON - Alberta is ratcheting up the public relations fight over the Trans Mountain oil pipeline by launching a website and online petition. Premier Rachel Notley is asking Albertans to sign the petition, which will be sent to her B.C. counterpart, John Horgan. Notley and Horgan have locked horns over a proposal by British Columbia to refuse an expansion of oil imports until it is sure safety plans are in place to handle any spills or other environmental catastrophes. [Read more]
Cash-strapped Newfoundland and Labrador wants talks on 2005 Atlantic Accord
ST. JOHN'S, N.L. - Newfoundland and Labrador's premier wants to meet with Justin Trudeau to discuss how much the province has earned from offshore oil developments. Dwight Ball says he has written to the prime minister asking for talks on the 2005 Atlantic Accord, which must be reviewed before April 2019. The review will assess the extent to which the province has reaped majority benefit from its offshore resources and lasting economic gains. It will also look at equalization [Read more]
Andrew Weaver’s green hypocrisy and BC’s natural gas opportunity
Andrew Weaver, the leader of the BC Green Party, is against the development of LNG because it would impact BC’s CO2 reduction targets as a result of CO2 emissions from upstream activities. While it is true that upstream activities do produce CO2 from diesel consumed during drilling and completions, the CO2 reductions in consuming countries (who by the way are bringing on dozens of new coal plants each year) more than offsets upstream CO2 emissions. So my question to you Mr. Weaver is: Does [Read more]
New U.S. trade shot: Duties weighed on pipe product from Canada and elsewhere
WASHINGTON - It's the latest incoming trade salvo from the United States: the U.S. is considering punitive duties on pipeline material from a half-dozen countries including Canada. The duties being sought for large-diameter welded pipe from Canada are more than 50 per cent. Canada supplies about US$66 million of pipe annually to the U.S. for use in oil and gas pipelines. The allegation from U.S. private industry is that foreign competitors from Canada, China, India, Greece, Korea and [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. 12 Business Analyst - Entry Level Canadian Natural Resources Fort McMurray Feb. 12 Area Manager - CGO Battle River TransCanada Stettler Feb. [Read more]
Surge in global oil supply may overtake demand in 2018: IEA
LONDON (Reuters) - The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday. The Paris-based IEA raised its forecast for oil demand growth in 2018 to 1.4 million barrels per day, from a previous projection of 1.3 million bpd, after the International Monetary Fund upped its estimate of global economic growth for this year and next. Oil demand grew at a rate of 1.6 million bpd in 2017, the [Read more]
Blackbird Energy Inc. Announces Test Results From Its 2-20-70-6W6 Middle Montney Delineation Well at Its Pipestone/Elmworth Montney Play
CALGARY, Alberta, Feb. 13, 2018 (GLOBE NEWSWIRE) -- (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce test results from its 2-20-70-6W6 Middle Montney Delineation well, which is located on the Company’s Eastern Multi-Interval Delineation Block (the “Eastern Block”), and is more than five kilometers east of Blackbird’s previous operated development drilling. “We are pleased to announce the successful testing of our 2-20-70-6W6 Middle Montney Delineation [Read more]