CALGARY, ALBERTA--(Marketwired - Oct. 20, 2016) - (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Highlights Strong normalized EBITDA in the third quarter of $176 million, a 41 percent increase over the third quarter of 2015; 34 percent increase in normalized funds from operations to $137 million; Reached a positive Final Investment Decision (FID) on the North Pine NGL Facility (the North Pine Facility); Commenced commercial operations of [Read more]
battery
Blackbird Energy Inc. Announces Regulatory Approval for Its Infrastructure Development, Commencement of Fall Drill Program, Loan Facility Approval and Appointment of Vice President, Land
CALGARY, ALBERTA--(Marketwired - Sept. 29, 2016) - Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is very pleased to announce the receipt of regulatory approval for its infrastructure development, the commencement of its fall drill program, the approval of a Revolving Operating Loan Facility with Alberta Treasury Branches ("ATB Financial") and the appointment of a Vice President, Land. Regulatory Approval of Infrastructure Development and Commencement of [Read more]
This week’s new oil and gas 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 here to create an account to post jobs; it's simple and easy to use. Plant Operator – Valleyview, Alberta A major oil and gas company is looking for a Plant Operator West of Valleyview (Sturgeon). This is a relief position that is expected to last a month. There is a possibility it could [Read more]
Could a new technology power a green revolution overnight? Be careful what you wish for
There are people who lie awake at night worried about the temperature of the earth and who despise fossil fuels with a touchingly hysterical passion, convinced that continual burning of hydrocarbons will doom the planet. Nothing would thrill them more than to hear news that a new type of battery (or cold fusion, or whatever) has been unveiled that actually works and would instantly revolutionize energy usage. Visions of emission-free power sources dance through their heads like images of Olivia [Read more]
Batteries Necessary To Support Solar Power Don’t Exist, Making Green Energy Expensive
Batteries don’t work well enough to support solar power in a cost effective manner, according to research published Monday by Belgian scientists from the Université libre de Bruxelles. The scientists analyzed data from local energy suppliers, ran it through computer simulations and found it isn’t possible for homes to generate most of their own electricity from solar power and store it in batteries. Researchers determined that the batteries’ short lifetime and high prices [Read more]
OSY Rentals creatively helps oil and gas companies squeeze the most out of their budgets
OSY Rentals Vapour Tight Tank Packages are equipped with all the components necessary to operate a fully functional single well battery, downstream of the wellhead. The packages include, tank, separator, flare stack, flow line and flare line. The whole package comes on one truckload and can be set up in less than 5 hours OSY Rentals, like everyone else in the oil and gas business, have considerably lowered their rates. Now they have gone one step further in offering 100% of the rent to go [Read more]
Manitok Energy Inc. Announces Financial Results for the Second Quarter of 2016 and an Operational Update
CALGARY, ALBERTA--(Marketwired - Aug. 29, 2016) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) announces its financial and operating results for the second quarter of 2016 and provides an operational update. The full text of Manitok's second quarter results are contained in its unaudited condensed interim financial statements as at and for the three and six months ended June 30, 2016 and the related management's discussion and analysis, copies of which are available [Read more]
Traverse Energy Announces 2016 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 15, 2016) - Traverse Energy Ltd. ("Traverse" or "the Company") (TSX VENTURE:TVL) presents financial and operating results for the six months ended June 30, 2016. Three months ended June 30, Six months ended June 30, Highlights (unaudited) 2016 2015 2016 2015 Financial ($ thousands, except per share amounts) Petroleum and natural gas revenue 1,969 3,273 3,604 6,786 Cash [Read more]
Tamarack Valley Energy Ltd. Announces 2016 Second Quarter Results
CALGARY, ALBERTA--(Marketwired - Aug. 11, 2016) - Tamarack Valley Energy Ltd. (TSX:TVE) ("Tamarack" or the "Company") is pleased to announce its operating and financial results for the second quarter and six month period ended June 30, 2016. Production in the quarter averaged 9,536 boe/d (52% liquids), an increase of 36% over the second quarter of 2015, and is at the upper end of the Company's previously announced guidance range of 9,100 to 9,600 boe/d. Better than expected capital efficiencies [Read more]
Journey reports a series of transactions to transition the company to a lower operating cost growth business; Reports second quarter 2016 financial results and an upward revision to first quarter reported financial results
CALGARY, Aug. 8, 2016 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce significant progress in its efforts to transform our asset base into a more focused lower operating cost core in order to position the company for rapid growth beginning in 2017. Over the last two months Journey has closed (or is in the process of closing) six transactions, and expects to close an additional two transactions by mid-September. Journey also announces its financial [Read more]
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