Surge Energy Inc. Announces Accretive $320 Million Core Area Light Oil Acquisition

CALGARY, Sept. 5, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) and Mount Bastion Oil and Gas Corp.  (“Mount Bastion” or “MBOG”) have announced that they have entered into an arrangement agreement (the “Arrangement Agreement”), pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares [Read More…]

Source: BOE Report

Liberals block Tory plans to set up Trans Mountain pipeline probe

OTTAWA – The federal Liberals are refusing to let two ministers overseeing the Trans Mountain pipeline appear before a committee of MPs to explain what’s next for the expansion project whose future is uncertain. Liberal MPs on the natural resources committee used their majority to quash a Conservative motion that called for six special meetings to probe the pipeline’s [Read More…]

Source: BOE Report

Kinder Morgan and EagleClaw Announce Final Investment Decision on Permian Highway Pipeline Project

Definitive Agreements signed by JV Partners; Project capacity nearly fully subscribed HOUSTON–(BUSINESS WIRE)–$KMI #KinderMorgan–Kinder Morgan Texas Pipeline LLC (KMTP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), and EagleClaw Midstream Ventures, LLC (EagleClaw), a portfolio company of Blackstone Energy Partners, today announced a final investment decision to proceed with the Permian Highway Pipeline Project (PHP [Read More…]

Source: BOE Report

Petroteq Energy Provides Update on Proposed Issuance of Securities and Subscriptions

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. SHERMAN OAKS, Calif., Sept. 05, 2018 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated oil and gas company, announces the receipt of an irrevocable [Read More…]

Source: BOE Report

Hess Announces Quarterly Cash Dividend on Preferred Stock

NEW YORK–(BUSINESS WIRE)–#dividend–The Board of Directors of Hess Corporation (NYSE: HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable [Read More…]

Source: BOE Report

Valeura Announces Increased Gas Prices and Operations Update

CALGARY, Sept. 5, 2018 /CNW/ – Valeura Energy Inc. (TSX:VLE) (“Valeura” or the “Company”) is pleased to announce increased gas prices and provide an update on appraisal operations.  Gas Price IncreaseEffective September 1, 2018, Boru Hatlari ile Petrol Tasima Anonim Sirketi (“BOTAS”), who own and operate Turkey's crude oil and natural gas pipeline grid, has announced [Read More…]

Source: BOE Report

The global gas engine market is poised to increase with 10.69% CAGR between the years 2018-2026

LONDON, Sept. 5, 2018 /PRNewswire/ — KEY FINDINGSThe global gas engine market is poised to increase with 10.69% CAGR between the years 2018-2026. The base year considered for the study is 2017 and the forecast period is 2018-2026. Some of the key factors driving the global gas engines market include the growing environmental concerns, consistent [Read More…]

Source: BOE Report

Suncor won’t approve more oil production expansions until pipeline progress: CEO

NEW YORK – The head of Suncor Energy Inc. says Canada’s largest oil and gas producer won’t move ahead with additional crude production expansions until there’s physical progress on getting pipelines approved. Chief executive Steve Williams told a Barclays investor conference in New York that recent judicial rulings affecting Keystone XL and Trans Mountain pipeline [Read More…]

Source: BOE Report

Suncor holding off on crude expansion amid Canadian pipeline confusion

Suncor Energy Inc , one of Canada’s biggest oil producers, will not sanction further expansions of crude production until it becomes clearer when new pipelines will be ready, Chief Executive Steve Williams said on Wednesday. A court overturned last week the Canadian government’s approval of the Trans Mountain pipeline expansion. That decision added to “troubling” [Read More…]

Source: BOE Report

Suncor holding off on crude expansion amid Canada pipeline confusion

Suncor Energy Inc (SU.TO), one of Canada’s biggest oil producers, will not sanction further expansions of crude production until it becomes clearer when new pipelines will be ready, Chief Executive Steve Williams said on Wednesday. A court overturned last week the Canadian government’s approval of the Trans Mountain pipeline expansion. That decision added to “troubling” [Read More…]

Source: BOE Report

Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends

CALGARY, Alberta, Sept. 05, 2018 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending September 30, 2018: Shares   TSX Stock Symbol   Dividend per Share Common Shares   BIR         $0.025 [Read More…]

Source: BOE Report

Market Snapshot: Canadian Coal Production Continues to Decline


Notice: Uninitialized string offset: 0 in /home/batcholder/public_html/wp-content/plugins/feedwordpress/feedwordpress.php on line 1015
Canadian coal production has continued its downward trend since the National Energy Board’s previous market snapshot on coal, released last year. Production declined approximately 2.3%, from 61.5 million tonnes (MT) in 2016 to 60 MT in 2017. Coal production in 2017 is 24% lower than it was at its height in 1997.

Source: National Energy Board - Energy Reports

Chevron Recommends Stockholders Reject Mini-Tender Offer by TRC Capital Corporation

SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) said today it has been notified of an unsolicited “mini-tender offer” by TRC Capital Corporation to purchase up to 1 million shares of its common stock, representing approximately 0.052% of Chevron’s outstanding shares. TRC Capital’s offer price of $114.00 is 4.21% below the closing price of Chevron’s stock [Read More…]

Source: BOE Report

Major Changes to Alberta Crown Sales Disrupts Industry

Industry is scrambling to determine how to move forward with maintaining their confidential mineral land rights. In response to AB Energy’s Information Bulletin 2018-02, Land Service companies and producers are forced to rethink who and how Crown mineral agreements are held. Recently, one of the long-standing Land Service companies in Calgary announced they will be [Read More…]

Source: BOE Report