Month: November 2017

EDMONTON – A judge hearing an application from a union for an injunction to stop Suncor from starting random drug tests at oilsands facilities in northeastern Alberta is to make his ruling next Thursday. Unifor Local 707-A says such random testing would be a violation of the worker’s rights and privacy. The union says Suncor [Read More…]

Source: BOE Report

 /NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Nov. 30, 2017 /CNW/ – Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQX”) announces a refiling of its Management, discussion and analysis ('MD&A') for the twelve months ended December 31, 2016 due to a clerical error at the time. [Read More…]

Source: BOE Report

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Following a recent study that assessed the Duvernay Shale's marketable petroleum resources, the NEB assessed the Duvernay Shale's economic resources

Source: National Energy Board - Energy Reports

HOUSTON, Texas, Nov. 30, 2017 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE MKT:MCF) (“Contango”) announced today an update on corporate activity and operations on its Southern Delaware Basin acreage in Pecos County, Texas.        Corporate Activity Trading Volume Contango experienced an unusually high volume of trading in its shares yesterday (11/29/17), [Read More…]

Source: BOE Report

CALGARY, ALBERTA–(Marketwired – Nov. 30, 2017) – Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it has entered into a financing agreement with a syndicate of underwriters co-led by RBC Capital Markets and National Bank Financial Inc. under which Keyera will issue 12,200,000 common shares (“Common Shares”) on a “bought deal” basis at an issue price of [Read More…]

Source: BOE Report

THE WOODLANDS, Texas, Nov. 30, 2017 /PRNewswire/ — Summit Midstream Partners, LP (NYSE: SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared an initial partial-period distribution of $7.9167 per Series A Preferred Unit, which will be payable on December 15, 2017 to holders of record at the [Read More…]

Source: BOE Report

CALGARY, Nov. 30, 2017 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) today announced that it has entered into 10-year gas handling agreements with Athabasca Oil Corporation (“AOC”) and Murphy Oil Company Ltd. (“Murphy”) to process natural gas production from their Montney and Duvernay operations west of Fox Creek, Alberta. Both gas handling agreements include take-or-pay commitments and [Read More…]

Source: BOE Report

NEW YORK (Reuters) – Oil was mixed on Thursday after OPEC members agreed to extend curbs on output, though a final deal hinged on a decision by non-OPEC producers later in the day. Iran’s energy minister announced that Nigeria and Libya would be included in the oil output deal and an OPEC communique stated that [Read More…]

Source: BOE Report

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Interactive toll data now available in pipeline profiles for Enbridge Mainline and Enbridge Norman Wells pipeline.

Source: National Energy Board - Energy Reports

VANCOUVER – The president of a company planning a controversial pipeline expansion in Western Canada says the debate about Trans Mountain is over and it’s time to get on with construction. Ian Anderson, head of Kinder Morgan Canada, said Thursday the $7.4-billion project has undergone the most rigorous environmental review process in the country’s history. [Read More…]

Source: BOE Report

VIENNA (Reuters) – OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signaling a possible early exit from the deal if the market overheats. Russia, which this year reduced production significantly with [Read More…]

Source: BOE Report

CALGARY – Pembina Pipeline Corp. (TSX: PPL) says its board of directors has approved construction of an export terminal at Prince Rupert, B.C., to be used to send liquefied Western Canadian propane to markets in Asia and Central America. The Calgary-based company says the project on Watson Island is expected to cost about $260 million, [Read More…]

Source: BOE Report

SASKATOON, SASKATCHEWAN–(Marketwired – Nov. 30, 2017) – Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX VENTURE:SMI)(FRANKFURT:SMK) announces a non-brokered private placement (the “Private Placement”) of up to 3,333,333 units (the “Units”) at a price of $0.15 per Unit for gross proceeds of up to $500,000. Each Unit consists of a one common share [Read More…]

Source: BOE Report

CALGARY, ALBERTA–(Marketwired – Nov. 30, 2017) – Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the calendar quarter ending December 31, 2017: Shares TSX Stock Symbol Dividend per Share Common Shares BIR $0.025 Cumulative Redeemable Preferred Shares, Series A BIR.PR.A $0.523375 [Read More…]

Source: BOE Report

WASHINGTON (Reuters) – A quest by Republicans to open Alaska’s Arctic National Wildlife Reserve was slowed after a nonpartisan Senate official ruled late on Wednesday that the exploration was subject to environmental assessments by the Interior Department. Senator Lisa Murkowski, a Republican from Alaska and the head of the Senate energy panel, has been pushing [Read More…]

Source: BOE Report

CALGARY – Shares of Enbridge Inc. popped higher in early trading after the company announced plans to raise its dividend, issue shares and sell off at least $3 billion in assets next year. The stock was up $2.72 or about six per cent at $48.47 in trading on the Toronto Stock Exchange on Thursday morning. [Read More…]

Source: BOE Report

Multi-team solutions improve drilling efficiencies, saving average of 72 days of rig time

Challenge – Formation problems along with drilling complexities were causing time delays and high costs for the customer. Halliburton was asked to implement its technologies, engineering services, and experience to optimize drilling and increase efficiency for the operator, as well as to unite its services and subject matter experts, through project management, to develop robust solutions.

Solution – The Halliburton project management team worked closely with the other Halliburton PSL teams to capture best practices and share lessons learned. Drill Bits & Services customized polycrystalline diamond compact (PDC) bits for each section in order to drill from shoe to shoe. Sperry Drilling replaced wireline logging with Logging-While-Drilling (LWD) tools, and cured losses with new technology that optimized BHA and mud motor selections. Baroid engineered and implemented drilling fluids that combated the formations that were susceptible to the losses, along with stability concerns, sulfurous water influxes, and shale swelling. With its Circumferential Acoustic Scanning Tool (CAST) technology, the Cementing team provided the best bonding results for the production casing and liner. The Wireline and Perforating team and the Completion Tools team provided improvements in drilling optimization. This PSL collaboration produced drilling efficiencies that ultimately reduced both well delivery time and nonproductive time (NPT).

Download the case study (PDF) below to read more.

The post Case Study: Project Management Service Utilizes Technologies to Deliver Wells Ahead of Schedule appeared first on Halliburton.

VIENNA – Key OPEC oil ministers expressed preference Thursday for extending crude output cuts until the end of next year, strengthening expectations that the oil cartel will decide to continue pumping less oil for more dollars. Benchmark crude prices are now close to $60 a barrel, up almost 20 per cent since a year ago, [Read More…]

Source: BOE Report

DALLAS, Nov. 30, 2017 /PRNewswire/ — Rimrock Energy Partners, LLC (“REP”) is pleased to announce that it has commenced construction of a new natural gas processing facility and extensive gas gathering system in Weld County, Colorado (the “Pierce Plant & Gathering System”). The new gathering and processing system will serve producers in the northwest portion of [Read More…]

Source: BOE Report