BOE Report

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Calgary seismic firm alleges intellectual property rights to data violated

CALGARY - A Calgary-based seismic company claims its business is being undercut by regulatory agencies that have been publicly disclosing data it says it spent hundreds of millions of dollars to collect in Canada's offshore. Geophysical Service Inc. makes — or rather made — its money by mapping the earth's layers beneath the ocean floor using sonogram-like technology, amassing a trove of valuable information that it would sell to oil and gas companies hunting for their next big find. In a [Read more]

Column: Opposition to pipelines comes down to fundraising

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Environmentalists aren't interested in the facts By Barry Cooper CALGARY, AB/ Troy Media/ - One of the biggest political stories of 2014 will continue a major story of 2013: getting Alberta oil to world markets. Enbridge’s reversal of Line 9 through Ontario and Quebec (300,000 bpd) and the expansion of Kinder Morgan’s Trans-Mountain pipeline (300,000 bpd) are important. The most interesting (and weirdest) discussions concern the big ones, TransCanada’s Keystone XL (830,000 bpd) and [Read more]

Baytex Provides Operational and Marketing Update

CALGARY, ALBERTA--(Marketwired - Jan. 9, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) is pleased to provide an operational and marketing update. Commenting on the outlook for 2014, James Bowzer, President and Chief Executive Officer, said: "We are excited to be entering 2014 in what could truly be a break-out year for Canadian heavy oil. Our drilling program is well underway and we are targeting 6% production growth this year. Importantly for Baytex, heavy oil [Read more]

Joint Review Panel recommends approving the Enbridge Northern Gateway Project

CALGARY, Dec. 19, 2013 /CNW/ - The Joint Review Panel (the Panel) for the proposed Enbridge Northern Gateway Project today recommended that the federal government approve the project, subject to 209 required conditions. Based on a scientific and precautionary approach to this complex review, the Panel found that the project, if built and operated in compliance with the conditions set out in its report, would be in the public interest. The Panel also recommended that the Governor in Council [Read more]

Shale gas violence highlights deeper issues

An obscure conflict between the Mi'kmaq of eastern New Brunswick and a company searching for shale gas had dragged on for more than two years before it exploded as a national issue two months ago amid images of flaming Molotov cocktails and torched police cars.Until then, few Canadians had heard of the Elsipogtog First Nation or SWN Resources.Like so many other disputes between aboriginals and companies hoping to exploit the land where they live, this quarrel failed to attract much attention [Read more]

Baytex Announces 2014 Budget Targeting 6% Production Growth

CALGARY, ALBERTA--(Marketwired - Dec. 13, 2013) - Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) ("Baytex") is pleased to announce that its Board of Directors has approved a 2014 capital budget of $485 million for exploration and development activities. This capital budget is designed to generate an average production rate of 60,000 to 62,000 boe/d. Commenting on the 2014 budget, James Bowzer, President and Chief Executive Officer, said: "This budget continues our focus on oil weighted [Read more]

Consistent Execution Delivers Substantial Growth for Husky Energy

CALGARY, ALBERTA--(Marketwired - Dec. 11, 2013) - Husky Energy (TSX:HSE) is on track to achieve substantial production growth in 2014, supported by consistent performance from all segments of the business and commencement of production from the landmark Liwan Gas Project. Liwan is the cornerstone of Husky's Asia Pacific growth pillar and the first of several major projects across the Company to come on stream. Husky's latest heavy oil thermal development, the 3,500 barrels per day [Read more]

ConocoPhillips Announces 2014 Capital Budget of $16.7 Billion and Affirms Production Growth Target

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced a 2014 capital expenditures budget of $16.7 billion for continuing operations. Investments during 2014 will target the company’s diverse portfolio of global opportunities. Approximately 55 percent of the budget is allocated toward North America and 45 percent toward Europe, Asia Pacific and other international businesses. Highlights of the company’s 2014 investment program include: Increased investment in the company’s [Read more]

Madalena Announces Third Quarter 2013 Financial Results and Operations Update

TSXV Trading Symbol: MVN CALGARY, Nov. 28, 2013 /CNW/ - Madalena Energy Inc. (TSXV: MVN) (the "Company" or "Madalena") is pleased to announce the filing on SEDAR of the unaudited interim consolidated financial statements and related Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2013. Selected financial and operational information is outlined below and should be read in conjunction with Madalena's unaudited interim consolidated financial [Read more]

Pembina Pipeline Corporation Announces Capital Spending Plan of $1.5 Billion in 2014 and Provides Commercial and Operational Update

(All financial figures are approximate and in Canadian dollars unless otherwise noted.) CALGARY, Nov. 28, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced that its Board of Directors has approved a capital spending plan of approximately $1.5 billion for 2014. This is approximately 56 percent higher than last year's capital budget and represents the largest in the Company's history. "Pembina's capital spending plan for 2014 is indicative of [Read more]