Saudi Arabia Eyes Total Dominance In Oil And Gas

Saudi Arabia’s Energy Minister Prince Abdulaziz claimed last week that the Kingdom will be the world’s biggest hydrocarbon producer “even” in 2050. “I can assure that Saudi Arabia will not only be the last producer, but Saudi Arabia will produce every molecule of hydrocarbon and it will put it to good use … It will be done in the most ...

Source: Oilprice.com

ConocoPhillips To Restart Part Of Curtailed Oil Production

ConocoPhillips expects to start bringing back in July part of the oil production it had curtailed in the second quarter in response to the low oil prices, the U.S. oil company said on Tuesday. In April, when oil prices slumped to the low teens amid crashing demand in the pandemic and the Saudi pledge to flood the market with oil, ConocoPhillips ...

Source: Oilprice.com

InPlay Oil Corp. announces annual meeting voting results for election of directors and extension of annual borrowing base redetermination

CALGARY, Alberta – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Corporation“) announces the voting results for the election of directors at its annual meeting of shareholders held on June 25, 2020 (the “Meeting“). The following six nominees were elected as directors of InPlay to serve until the next annual meeting of shareholders [Read more]

Source: BOE Report

Gear Energy Ltd. announces operational update, guidance for 2020 and extension of borrowing base redetermination

CALGARY, AB, June 30, 2020 /CNW/ – Gear Energy Ltd. (“Gear“) (TSX: GXE) announces an update on current and future expected operations and an extension to the scheduled date for its semi-annual borrowing base redetermination. Production/Guidance With recent improvement in oil prices supporting positive economic returns, Gear has initiated a gradual production re-start across the [Read more]

Source: BOE Report

Journey Energy Inc. provides banking update

CALGARY, AB – Journey Energy Inc. (JOY – TSX; JRNGF – OTCQX) (“Journey” or the “Company“) announces an extension to the forbearance agreement with its banking syndicate. Journey is pleased to report that it has reached an agreement with its syndicate of lenders to extend the current forbearance agreement until July 31, 2020.  Journey has been [Read more]

Source: BOE Report

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 [Read more]

Source: BOE Report

Big Oil’s Nightmare Is Coming True

Royal Dutch Shell said that it could cut the value of its oil and gas assets by as much as $22 billion, as it takes a dim view of the state of the oil market. The move adds more evidence to the notion that a huge slice of oil reserves will wind up as stranded assets.  Shell cut its ...

Source: Oilprice.com

ROK Resources announces closing of asset acquisition

REGINA, SK / ACCESSWIRE / June 30, 2020 / ROK Resources Inc. (“ROK” or the “Company“) (TSXV:ROK) is pleased to announce that it has closed on its previously announced acquisition (the “Acquisition“) from a publicly traded company of certain producing oil and gas assets in Southern Saskatchewan along with associated land leases and related assets [Read more]

Source: BOE Report

Painted Pony announces extension of bank line review date

CALGARY, Alberta – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation“) (TSX: PONY) today confirms the execution of an agreement with the Corporation’s syndicate of lenders to extend Painted Pony’s annual borrowing base redetermination date from June 30, 2020 to July 31, 2020. This extension affords both Painted Pony and the syndicate of lenders [Read more]

Source: BOE Report

Turning California’s Biggest Liability Into A Biofuel Boom

In California, there is a debate heating up over whether dead trees should be cleared and burned for biofuel before they burn where they are in yet another devastating West Coast wildfire, which are on track to become both more severe and more frequent thanks to rising temperatures and drier conditions due to climate change. A growing contingent of scientists ...

Source: Oilprice.com

Oil Jumps After API Reports Largest Crude Draw This Year

The American Petroleum Institute (API) estimated on Tuesday a major draw in crude oil inventories of 8.156 million barrels for the week ending June 26. Analysts had predicted an inventory draw of 710,000 barrels. In the previous week, the API reported an increase in crude oil inventories of 1.749 million barrels, after analysts had predicted a smaller build. ...

Source: Oilprice.com

Oil Jumps After API Reports Largest Crude Draw This Year

The American Petroleum Institute (API) estimated on Tuesday a major draw in crude oil inventories of 8.156 million barrels for the week ending June 26. Analysts had predicted an inventory draw of 710,000 barrels. In the previous week, the API reported an increase in crude oil inventories of 1.749 million barrels, after analysts had predicted a smaller build. ...

Source: Oilprice.com

‘Legally Erroneous’: Governor, Regulators Slam Anti-Fracking Pa. Grand Jury Report

After two years of investigating, Pennsylvania Attorney General Josh Shapiro has reported the findings of a grand jury looking into whether shale gas producers had violated environmental protection laws. Gov. Tom Wolf – whose Department of Environmental Protection oversees regulation of the industry and who has been accused of anti-energy policies – isn’t mincing words:

“The report is legally erroneous, ...

Source: Energy In Depth

2020 Minerals Business and Buyers Directory

Source: Hart Energy Store

Vendor: Oil and Gas Investor
Type: Directories
Price: 100.00

In the Minerals Business and Buyers Directory, we share insight from some of the most prominent leaders in the space today and create a directory of the major minerals buyers with cash in hand. Minerals-buying is clearly the new kid on the block, and the capital is flowing. 

Table ...

Lithium Prices Are Set To Rally

Lithium used to be a frequent headline-hogger when the EV revolution first began, with all sorts of analysts expecting the metal’s price to skyrocket as the world wanted in on emission-free vehicles. This hasn’t happened yet, and lithium has recently become just one more commodity to suffer a price slump because of the coronavirus, which appears to have hit demand ...

Source: Oilprice.com