Petroteq Energy Inc. Announces Issuance of Shares

STUDIO CITY, CALIFORNIA–(Marketwired – Oct. 20, 2017) – Petroteq Energy Inc. (the “Company“) (TSX VENTURE:PQE)(OTCQX:PQEFF), a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits, announces that it has issued 100,000 common shares for gross proceeds [Read More…]

Source: BOE Report

Comments on New Regulations on Hydrocarbons – The Quebec Oil and Gas Association (QOGA) supports extending the deadline

QUÉBEC, Oct. 20, 2017 /CNW Telbec/ – The Quebec Oil & Gas Association applauds the government's decision to extend the comments period for the new regulations. These regulations, the first modern ones in Quebec governing oil and gas, are very strict. Our Association believes it is appropriate to seek constructive input to make sure they [Read More…]

Source: BOE Report

Where To Look For Value This Earnings Season

It’s that time again! A few weeks after the end of each calendar quarter-year, we enter what is known as earnings season, when quarterly results for corporations come thick and fast. As much as we like to kid ourselves that there is some hidden driver of stock prices that only we know, the reality is that they are simply a ...

Source: Oilprice.com

Oil Stocks To Watch As Geopolitical Risk Mounts

This week in oil news continue to deliver nothing but ‘green lights’ for investors, and keeps me convinced as I have been for several weeks now that every dip in oil prices – and oil stock prices – is an opportunity to position oneself aggressively for the medium term. One story that added to my bullish attitude has been ongoing ...

Source: Oilprice.com

The End Of The Oil Majors?

Friday October 20, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Oil majors, or gas majors? (Click ...

Source: Oilprice.com

Global Energy Advisory Friday 20th October, 2017

Russia’s largest oil company, Rosneft, has signed production-sharing agreements for five oil blocks in the Kurdistan Autonomous Region of Iraq. Any other week this would have been nothing more than a business-as-usual piece of news, but this week saw Baghdad retake control of Kirkuk from the Kurds – the hub of northern Iraq’s oil industry. Along with the city, the ...

Source: Oilprice.com

Oil Is Stuck In A Range, Waiting For A Catalyst

December West Texas Intermediate crude oil is in a position to close lower for the week as investors continue to wait for enough bullish news to drive the market out of its current trading range and into territory not traded since early April. Ongoing tension in the Middle East boosted prices earlier in the week because of the threat of ...

Source: Oilprice.com

PDVSA Booted From Caribbean Terminal Over Unpaid Bills

A total of $26 million in unpaid bills has caused Venezuela’s PDVSA to be blocked from using a NuStar Energy oil storage terminal in the Caribbean, according to an exclusive report by Reuters. The facility, located on St. Eustatius island, has not received payment from PDVSA for its services for nearly a year.  NuStar has since refused to retrieve ...

Source: Oilprice.com

Syrian Rebels Relinquish Control Of Major Gas Field

U.S.-backed rebel forces handed control of Syria’s largest gas field to Russian forces yesterday, following talks between Russian and Kurdish officials in northeast Syria, according to a new report by Zero Hedge. The senior officials recently met in Qamishli, possibly landing on a commercial deal for control of the major Syrian fossil fuel asset.  The Conoco gas ...

Source: Oilprice.com

Schlumberger Warns Of Moderating Investment In North America

Schlumberger (NYSE:SLB) reported on Friday a higher net profit for the third quarter, driven by North America’s onshore—but the world’s largest oilfield services group now warns that investment appetite in North America is moderating as drillers focus on financial returns instead of volume. Schlumberger’s diluted earnings per share (EPS)—excluding integration charges—came in at $0.42 in the third quarter, up ...

Source: Oilprice.com

TechnipFMC to Buy Plexus Jackup Business (Friday, 20 October 2017)

TechnipFMC has agreed to acquire Plexus Holding's Wellhead exploration equipment and services business for jackup applications - the Jack-up Business - for up to US$56 million (£42.5 million).

Plexus will initially receive $19.7 million, with a further up to $36.2 million dependent on the future performance of the Jack-up Business during a three-year earn-out period.

TechnipFMC says ...

Source: The latest Oil and Gas Industry News - from oilandgaspeople.com

Oil Shows Weakness, But Don’t Expect A Plunge

Oil seems to have found a relative bottom after the declines over the past few weeks, with WTI firming up at the $50-per-barrel level. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)Friday, October 20, 2017 Tension in the Middle East, combined with growing confidence in the likelihood ...

Source: Oilprice.com

Energy Regulators Look To Guard Grid From Cyberattacks

The Federal Energy Regulatory Commission (FERC) has set its sights on making the less important parts of the national grid safer against hackers, and has proposed a set of controls to address the growing threat of cyberattacks. Specifically, the agency aims to install mandatory controls to tackle the risks inherent in the use of mobile devices such as laptops and ...

Source: Oilprice.com

Mexico Says OPEC Has Not Approached It For Deal Extension

OPEC has not yet approached Mexico to discuss the possibility of extending the oil production cut deal sealed last November, Mexico’s deputy energy minister Aldo Flores told Reuters. Mexico was one of the ten non-OPEC producers that agreed to join the cut in December 2016. Yesterday, OPEC’s Secretary General Mohammad Barkindo told reporters at the Oil & Money conference in ...

Source: Oilprice.com