The U.S. oil rig count rose by about 42 percent by end-2017 compared to the levels seen during the corresponding period last year, as energy companies boosted spending amid a recovery in crude prices. Drillers held the number of oil rigs steady for a second straight week at 747 in the week to Dec. 29. That was 222 more than the 525 rigs at the end of 2016, General Electric Co's Baker Hughes Inc energy services firm said on Friday. (Reporting by Vijaykumar Vedala in Bengaluru; Editing by [Read more]
Headlines
Long-delayed N.W.T. gas pipeline project cancelled and partnership dissolved
CALGARY - Imperial Oil says its much-delayed $16.1-billion project to build a natural gas pipeline across the Northwest Territories from the coast of the Beaufort Sea to northern Alberta has finally been cancelled. In a brief news release posted on its website late last week, the Calgary-based company says the partners in the 1,200-kilometre Mackenzie Gas Project have decided not to proceed and are dissolving the joint venture. It says the project initiated 17 years ago could not [Read more]
Vital Announces Closing of Debenture Offering
CALGARY, Alberta, Dec. 28, 2017 (GLOBE NEWSWIRE) -- Vital Energy Inc. (“Vital”) announced today that it has completed the closing of the previously announced non-brokered private placement offering of 8% secured convertible debentures in the principal amount of $100,000, subject to TSX Venture Exchange final approval. The debentures bear interest at the rate of eight percent (8%) per annum, calculated and paid quarterly and mature on December 28, 2018. The debentures are secured against the [Read more]
Blackbird announces financial results for Quarter ending October 31, 2017
CALGARY, Alberta, Dec. 28, 2017 (GLOBE NEWSWIRE) -- (TSX-V:BBI) Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce its financial and operational results for the quarter ended October 31, 2017. Blackbird’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis for the quarter ended October 31, 2017 are available on SEDAR at www.sedar.com and are also posted on Blackbird’s website at www.blackbirdenergyinc.com. Q1 [Read more]
Energy company charged after two workers at Alberta plant killed in explosion
EDMONTON - Nexen Energy is facing workplace charges following the deaths of two oilsands workers in northern Alberta. The men had been doing maintenance work in a hydrogen compressor building at the company's Long Lake upgrader near Anzac on Jan. 15, 2016, when there was an explosion. Drew Foster, 52, of Niagara Falls, Ont., was pronounced dead at the scene and David Williams, 30, of Scotchtown, N.S., later died in hospital. Nexen Energy (TSX:NXY), a Calgary-based [Read more]
TransCanada Announces Agreement to Sell Retail Contracts to EDF Energy Services, LLC
CALGARY, ALBERTA--(Marketwired - Dec. 27, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has entered into an agreement to sell its outstanding U.S. retail power contracts to EDF Energy Services, LLC. Today's announcement is part of the continued wind down of TransCanada's Power Marketing Ltd. (TCPM) operations. The transaction is expected to close in the first quarter of 2018 subject to certain regulatory and other approvals. With [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. Dec. 22 Pipefitter - Journeyman Strike Group Bonnyville Dec. 22 Analyst, Marketing AltaGas Chatham Dec. 22 Field / Plant Contract Operator Zedi Inc Various locations Dec. 22 Junior Operators - Truck [Read more]
Libya has lost around 90,000 bpd from pipeline blast
LONDON (Reuters) - Libya has lost around 90,000 bpd of crude oil from a blast on a pipeline feeding Es Sider port, a Libyan oil source said. NOC was still assessing the damage, the source said. A Libyan military source said earlier armed men had planted explosives at the pipeline. [Read more]
Oil hits 2-1/2 year highs on Libyan pipeline blast
NEW YORK (Reuters) - Oil prices touched two-and-a-half year highs in light volume on Tuesday, boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts. Libya has lost around 90,000 bpd of crude oil from a blast on a pipeline feeding Es Sider port, a Libyan oil source said, adding that NOC was still assessing the damage. A Libyan military source said earlier that armed men had planted explosives at the pipeline. The country’s output had been recovering in [Read more]
Marksmen Announces Closing of Private Placement
CALGARY, Alberta, Dec. 22, 2017 (GLOBE NEWSWIRE) -- Marksmen Energy Inc. (TSX-V:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) announces that it has completed its non-brokered private placement announced on December 12, 2017 for 3,826,333 units (the “Units”) of Marksmen at a price of $0.15 per Unit for aggregate gross proceeds of $573,949.95 (the “Offering”). Each Unit is comprised of one (1) common share (“Common Share”) and one-half of one (1/2) share purchase warrant (“Warrant”) of [Read more]