Equinor (OSE:EQNR, NYSE:EQNR) delivered adjusted earnings* of USD 8.68 billion and USD 1.88 billion after tax in the fourth quarter of 2023. Net operating income was USD 8.75 billion and net income was USD 2.61 billion. The fourth quarter and full year were characterised by: Strong financial performance 2.1% production growth in 2023 Continued optimising of oil and gas portfolio, sanctioning projects for future growth Growth in onshore renewables power production and portfolio [Read more]
battery
Precision Drilling reports 2023 fourth quarter and year-end unaudited financial results
CALGARY, Alberta, Feb. 06, 2024 (GLOBE NEWSWIRE) -- This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted [Read more]
Automobiles, human nature, and the challenge of building cars that people actually want
Some people out there have an inner itch to do things different. Maybe it’s art, or music, or some other glorious pastime that we as the rest of humanity benefit from, far, far more than we pay. What sort of car these types drive is fascinating; usually something quirky or wonderfully weird; Neil Young spent years before he made it big driving an old hearse, various narcotics taped under the dash. Others think completely differently, bone-dry aesthetically-speaking; thinkers who just want to [Read more]
Alberta’s emergency grid alert underscores vital role diverse energy mix plays in Canada
After a major cold spell affected the capacity of Alberta's power grid to provide electricity, experts weigh in on the need for multiple sources of energy By Cody Ciona The crucial need for Canada to have a flexible and diverse energy grid was given a practical demonstration this past weekend as frigid winter temperatures in Alberta prompted a grid emergency. With temperatures in some places dropping to almost -50C with the wind chill, provincial officials issued an emergency alert [Read more]
No calling in sick or waiting for a nice day – the grid has to perform on the worst of them
Saturday night, the middle of the cold snap, was something to be endured. Things break at -36 degrees. A quick run to the grocery store was rerouted by a fleet of city vehicles tearing up the street in a considerable manner, most likely chasing a broken water main or some such. Imagine being without water on a night like that. Half an hour later it got worse - the provincial grid operator issued an alert for people to “immediately limit their electrical use to essential needs only.” Keep in [Read more]
Calroc: An Experienced Player in Demolition and Oilfield Equipment Services
Calroc Industries is an innovative, integrated service company with capabilities across the spectrum of oil and gas client needs. In speaking with John Skoreyko, a manager with Calroc Industries who brings 35+ years of experience to the company, he explains that Calroc is a mature, energetic company with an appetite for continued growth across the Canadian market. He emphasizes that the company has a broad set of capabilities, and that they are committed to delivering quality in every project [Read more]
Putting the “Fore!” in 2024: The new year’s complexity will stress-test us all
Flying in the face of past lamentations, I’m eating my words more and more about social media these days. The initial rise of Facebook, Twitter, etc., seemed to muffle good voices and amplify the bad, the people or bots that, either as an occupation or as a deranged character trait, seemed to rejoice in ruining people’s day with insults and negativity. It’s not that hard, if one is sufficiently abysmal; anyone’s day can be ruined with the right choice of words. Maybe most depressing is the [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 Dec. 18 Field Operator Astara Energy Corp. Consort Dec. 15 Coordinator, Site HSE Strike Group Fort Saskatchewan Dec. 13 Field Lead Operator, Contract Surge [Read more]
Week in Review – Stock gainers/fallers and most read articles
Welcome to the BOE Report’s Week in Review! Did you miss something this week? We’ve got you covered. Check out any BOE Intel articles that you missed, and catch up on our most read articles from the week. We have also included the top gainers and fallers in the energy markets this week among our BOE Intel coverage list. TOP 5 GAINERS/FALLERS THIS WEEK Top 5 Gainers Company Ticker 7 Day Return Vermilion Energy VET.TO 4.60% Strathcona [Read more]
Vermilion Energy Inc. announces 2024 budget, updated return of capital framework and 20% dividend increase
CALGARY, AB, Dec. 12, 2023 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce its 2024 budget and updated return of capital framework, including a 20% dividend increase. Highlights 2024 fund flows from operations ("FFO")(1) and free cash flow ("FCF")(2) are forecasted to be approximately $1.3 billion and $700 million, respectively, based on forward commodity prices(3); FCF represents an approximately 40% [Read more]
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