CALGARY - The co-founder of an Alberta oil and gas company has been sentenced to five years in prison for defrauding Arcan Resources Ltd., which he established with his brother and another man. Ian Wilson Fisher, 54, pleaded guilty Tuesday to fraud over $5,000, after being charged in August 2015. According to an agreed statement of facts, Fisher was operations manager at the time and created shell companies in 2008 and then made dozens of false invoices billing close to $5 [Read more]
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Painted Pony announces retirement of CFO
CALGARY, June 27, 2017 /CNW/ - Painted Pony Energy Ltd. ("Painted Pony" or the "Corporation") (TSX: PONY) announces that John H. Van de Pol, Senior Vice President and Chief Financial Officer, has advised Painted Pony's board of directors and executive team of his intention to retire. Mr. Van de Pol's retirement will be effective August 15, 2017, which is after the release of the second quarter 2017 financial results. Mr. Van de Pol has been a member of the executive team for approximately four [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. Jun. 27 Joint Venture Accountant Razor Energy Calgary Jun. 27 Accounts Payable Administrator STEP Energy Services San Antonio Jun. 27 Cement Twin Operator Trican Well Service Ltd. Drayton Valley Jun. [Read more]
3esi-Enersight Acquires Energy Navigator and Becomes the Largest Provider of Integrated Strategy, Planning & Reserves Solutions for the Oil and Gas Industry
Acquisition signals an evolution in the way companies plan and manage core assets Calgary, AB -- 06/27/2017 -- 3esi-Enersight, the oil and gas industry's leading provider of solutions for integrated strategy, planning and reserves today announced it has acquired Energy Navigator. Energy Navigator is the creator of Value Navigator (Val Nav), the industry's most trusted reserves evaluation and management software, and AFE Navigator (AFE Nav), the market leading AFE workflow, approvals and [Read more]
Enbridge Announces Offer by Spectra Energy Capital, LLC to Purchase Debt Securities
CALGARY, ALBERTA--(Marketwired - June 27, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge or the Company), announced today the commencement of cash tender offers by its wholly-owned subsidiary, Spectra Energy Capital, LLC (Spectra Capital), for the debt securities of Spectra Capital. The tender offers consist of offers to purchase for cash the following securities issued by Spectra Capital (collectively the Notes): 1) any and all (the Any and All Tender Offer) of the 8.00% senior [Read more]
Bellatrix Announces Closing of $34.5 Million Non-core Asset Sale
TSX, NYSE: BXE - CALGARY, June 27, 2017 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it has completed the previously announced sale of certain non-core assets in the Strachan area of Alberta (the "Strachan asset sale"). Concurrent with the closing of the Strachan asset sale, the borrowing base under the Company's syndicated revolving credit facilities (the "Credit Facilities") was reconfirmed at $120 million, unchanged from [Read more]
British Columbia’s NDP introduces motion to topple provincial government
British Columbia's New Democrats introduced a non-confidence motion in the Western Canadian province's government on Monday, setting the stage for the ruling Liberals to be toppled on Thursday after 16 years in power. In a response to the June 22 Throne Speech, the government's agenda for the legislative session, John Horgan, the leader of the left-leaning New Democrats (NDP) said the provincial government no longer had the confidence of the house. Provincial lawmakers are expected to vote [Read more]
TransCanada Establishes At-The-Market Equity Program
CALGARY, ALBERTA--(Marketwired - June 26, 2017) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or Company) today announced that it has established an at-the-market equity program (ATM Program) that allows the Company to issue common shares from treasury (Common Shares) having an aggregate gross sales price of up to $1.0 billion or its U.S. equivalent, to the public from time to time, at the Company's discretion, at the prevailing market price when issued on the [Read more]
Penn West Changes Name to Obsidian Energy Ltd. and Announces Voting Results from the 2017 Annual and Special Meeting of Shareholders
CALGARY, June 26, 2017 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX – PWT; NYSE – PWE) ("Penn West" "or the Company") is pleased to announce that our shareholders have approved our name change to Obsidian Energy Ltd., effective immediately. In conjunction with our name change, our stock symbol will be replaced with "OBE" on both the Toronto Stock Exchange and New York Stock Exchange, effective in the next 3 – 5 business days. No action is required by shareholders with respect to this [Read more]
Baytex Provides Operational Update – Q2 2017 Production Up 5%
CALGARY, Alberta, June 26, 2017 (GLOBE NEWSWIRE) -- Baytex Energy Corp. (“Baytex”) (TSX:BTE) (NYSE:BTE) is pleased to provide an update on our operational progress during the second quarter of 2017 in accordance with our business plan. Based on field estimates for June, our average production during Q2/2017 is estimated at 72,500 boe/d representing a 5% increase over Q1/2017. We estimate our production in the first half of this year to be 70,900 boe/d. During the second quarter, exploration and [Read more]