TSX-V: HME VANCOUVER, Aug. 23, 2017 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2017. Q2 2017 Highlights Achieved quarterly average production of 600 boe/d (92% oil), a 22% increase over the second quarter of 2016. Increased revenue by 67% to $2.4 million compared to $1.4 million for the second quarter of 2016. Increased operating netbacks, including gains [Read more]
Headlines
Ready-to-Use Insights in Emerging South Duvernay Oil Play!
Does the Southern Duvernay Oil Play have room to expand? 612 sections (that’s 17 townships) posted for upcoming land sales certainly suggests it does. Although earlier land grabs focused on the 3 million acre East Shale Basin fairway, the sparsely drilled 1.2 million acre West Shale Basin oil fairway just started to sizzle. With land sale prices on the rise, the potential for low cost entry is rapidly disappearing. To help our clients evaluate these emerging opportunities Canadian Discovery [Read more]
Malaysia’s Petronas considering pipeline investments to monetize Canada gas assets -Bernama
Malaysia's Petroliam Nasional Berhad is considering investing in a pipeline to market its Canadian gas assets after scrapping plans for a liquefied natural gas (LNG) project in Canada, state news agency Bernama said on Wednesday. Petronas, as the company is known, would use the pipeline to connect and market natural gas resources from an area of western Canada which has 22.3 trillion cubic feet of proven unconventional gas to the rest of Canada and North America, Bernama said, citing an [Read more]
B.C. seeks intervener status in court cases against Trans Mountain pipeline
VANCOUVER - The British Columbia government has applied for intervener status in court challenges against the Trans Mountain pipeline expansion. The NDP government announced earlier this month that it would be joining the legal fight against Ottawa's approval of the $7.4-billion project and hired former judge Thomas Berger to provide legal advice. Several First Nations and municipalities have filed legal challenges against the project, which would triple the capacity of the [Read more]
North American exodus at PetroChina sparks speculation of company shift
A flurry of departures across the U.S. and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. More than 30 people in its Houston and Calgary offices have left PetroChina since 2016, including heads of desks in crude, financial, natural gas and chemical trading, the company confirmed to Reuters. Sources say that PetroChina had [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. Aug. 22 Plant Operator ARC Resources Parkland Aug. 21 Office Administrator STEP Energy Services Midland Aug. 21 Systems Analyst Canadian Natural Resources Calgary Aug. 19 Supply Chain Category Manager - [Read more]
CSV Midstream Solutions Updates Strategic Midstream Opportunity
CALGARY, Alberta, Aug. 22, 2017 (GLOBE NEWSWIRE) -- CSV Midstream Solutions Corporation (the “Company” or “CSV”) is pleased to provide an operational update on the construction of its majority owned and operated 100 Million cubic feet per day Resthaven gas plant (“CSV Resthaven” or “the Facility”). Definitive agreements have successfully been reached with an intermediate exploration and production company to underpin the Facility. Approval has been received from the Alberta Energy Regulator and [Read more]
Cheap energy and low interest rates – central bankers bet the farm and you should feel queasy
Before getting to energy stuff, several interesting government schemes have developed over the past decade. One particularly noteworthy grew out of the financial crisis like a Harry Potter-world beast. This thing is real though, and worthy of some considerable attention. First, here’s a precursor to illustrate a point. A pillar of the modern financial world is credit rating agencies. These firms are, in theory and purpose, very simple machines. They act as impartial judges in assessing [Read more]
Blackbird Energy Inc. Announces the Appointment of Allan Dixon as Business Development Manager
CALGARY, Alberta, Aug. 22, 2017 (GLOBE NEWSWIRE) -- Blackbird Energy Inc. (TSX-V:BBI) (“Blackbird”) is pleased to announce the appointment of Allan Dixon as Business Development Manager. In this role Mr. Dixon will be responsible for investor relations, communication initiatives and strategic business awareness programs in North America and Europe. Mr. Dixon has an expansive background in Calgary’s oil and gas industry including experience in investor relations at Birchcliff Energy Ltd., [Read more]
Efficiency gains fail to boost bottom line for oil and gas drillers: report
CALGARY - A new report suggests western Canadian oil and gas drillers are their own worst enemies because they have greatly increased drilling efficiency while revenues have fallen. Analysts at GMP FirstEnergy say rigs are drilling more than a third deeper in an average day in 2017 than they were in 2014 but their average earnings per day has actually fallen by a quarter, from more than $26,000 in 2014 to less than $20,000 now. The research represents more bad news for the [Read more]