South America and Europe Led Globally with Highest Number of Oil and Gas Discoveries in Q3 2019

South America and Europe led globally with the highest number of oil and gas discoveries during the third quarter (Q3) of 2019, with eight discoveries each during the quarter, according to GlobalData, a leading data and analytics company. GlobalData’s report: ‘Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with Highest Number of Discoveries in…

Oilfield Helping Hands Reaches Milestone of $5 Million Shared with Oilfield Families in Need

HOUSTON – Oilfield Helping Hands (OHH) has now shared $5 million with oilfield families in need. Since its founding in 2003, OHH’s mission has been to provide financial assistance to oilfield workers in financial crisis, who live or work in the designated territories of an OHH chapter through corporate memberships and fundraising events. OHH has grown from its location in…

CNL & TRIUMF Successfully Produce Rare Medical Isotope that Could Revolutionize Fight Against Cancer

Leading Canadian research organizations complete first trial production run of actinium-225, demonstrating capability to produce “the rarest drug on Earth” VANCOUVER, British Columbia and CHALK RIVER, Ontario, Oct. 23, 2019 (GLOBE NEWSWIRE) — TRIUMF, Canada’s particle accelerator centre, and Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, are pleased to announce that [Read more]

Source: BOE Report

AER Executives No Longer with the Organization

The Alberta Energy Regulator’s executive vice presidents Carol Crowfoot, Stacey Schorr, and Mark Taylor are no longer with the AER. The AER board is committed to finding a permanent CEO as quickly as possible, and will be working closely with interim CEO Gordon Lambert to ensure the AER continues to uphold its mandate to protect [Read more]

Source: BOE Report

TC Energy provides results of Series 9 Shares conversion elections

TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that 173,386 of its 18,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) were deposited for conversion on October 30, 2019 on a one-for-one basis into floating rate Cumulative Redeemable First Preferred Shares, Series 10 (Series 10 Shares). As previously announced in [Read more]

Source: BOE Report

Oil Prices Climb As EIA Reports Surprise Inventory Draw

A day after the American Petroleum Institute reported yet another estimated weekly build in U.S. oil inventories, the Energy Information Administration rejected it, reporting a draw of 1.7 million barrels for the week to October 18. This interrupts a four-week string of inventory builds as prices trend lower on global economic growth concerns and its adverse impact on ...


Big Oil Hit Hard By Supreme Court Rejection

The U.S. Supreme Court has rejected requests by a number of oil companies to block three lawsuits launched against them by state and local governments for their role in climate change. Bloomberg reports that the oil companies—including BP, Chevron, ConocoPhillips Exxon, Shell, and Phillips 66—had requested that the cases which have been filed in Maryland, Rhode Island, and Colorado, ...


Russian Oil Boss Speaks Out Against OPEC+ Cuts

Lukoil’s chief executive Vagit Alekperov has joined Rosneft’s Igor Sechin in voicing his opposition to another extension of the OPEC+ oil production cut agreement, Reuters reports, citing Russian news agency RIA Novosti. “I am a supporter of keeping everything stable until April, when the agreement expires, and only after that... to make decisions,” Alekperov said. This report follows an earlier ...


China adds incentives for domestic natural gas production as imports increase

Rapid growth in China’s natural gas consumption has outpaced growth in its domestic natural gas production in recent years. China’s natural gas imports, both by pipeline and as liquefied natural gas (LNG), accounted for nearly half (45%) of China’s natural gas supply in 2018, an increase from 15% in 2010. To increase domestic production of natural gas, the Chinese government ...

EIA’s Hourly Electric Grid Monitor shows effects of California wildfire-related shutoffs

Starting on Wednesday, October 9, 2019, California electric utility Pacific Gas and Electric (PG&E) shut off electricity to hundreds of thousands of customers in 34 California counties. PG&E had restored electricity to all of those customers by Saturday, October 12. PG&E attributed its decision to shut off electricity to gusty winds and dry conditions in the area, which increases the ...

Absolute Public Online Auction—Bertram Drilling Corp. Bankruptcy

As Authorized by FTI Consulting Inc., as Monitor Carbon, Alberta, Fort Saskatchewan, Alberta and Richmond, British-Columbia Absolute Public Online Auction Bidding Starts Closing: Wednesday, October 30th, 2019 at 10:00 am (MDT) Featuring: 10 Atlas Copco TH60 Drills, Foremost HD24 Dual Rotary Drill, Heli-Portable Rigs, 3 Sonic Rigs, Assortment of Vehicles, Tools, & Much More! Lots being added DAILY! [Read more]

Source: BOE Report

Connect with industrial thought leaders and discover what it takes to dominate today’s volatile market – Activation 2019

The future is uncertain. Alberta’s economy has taken a big hit over the past few years, resulting in a competitive economy where only the fittest survive. Join industry thought leaders as they discuss what it takes to dominate and remain competitive in today’s volatile industrial market. Created for companies looking to trailblaze in today’s industrial [Read more]

Source: BOE Report

Reuters Insider – Asia Insight: Stocks slip on Brexit worries, Texas Instruments miss.

Click the following link to watch video: Source: Reuters Insider Description: Asian shares slipped as revenue warnings from Texas Instruments raised worries about the global tech sector. Nerves were rattled, too, after British lawmakers forced the government to hit the 'pause' button on the latest Brexit deal. Short Link: Video Transcript: Verified transcript not available

Source: BOE Report

Equinor announced as new TechX strategic partner alongside existing companies, BP and KPMG

The Oil & Gas Technology Centre (OGTC) has officially launched the third year of its award-winning accelerator programme, TechX, with the announcement of new industry partner, Equinor.

The TechX Pioneer Programme – a unique technology accelerator and incubator - helps ambitious start-ups take their solutions to the energy market faster. To date, 21 companies have now graduated from the award-winning ...

Source: Oil and Gas Technology’s News Feed