Tuesday, November 12, 2013

  • Canadian Oil Production Expected To Increase, Led By Oilsands: IEA

    Canadian oil production is expected to increase steadily, as rising output from the oilsands and light, tight oil more than makeup for a slow decline in conventional crude oil, the International Energy Agency said in its World Energy Outlook 2013 report issued today.

    November 12, 2013, 12 PM MST

  • Laricina's Plan For Commercial Bitumen-Carbonates Project Delayed Pending Financing

    Citing the need for more financing, Laricina Energy Ltd. says Canada's first commercial project intended to tap the vast deposits of bitumen in a carbonate formation has been delayed by about a year.

    November 12, 2013, 12 PM MST

  • Private Company Applies For Oilsands Project

    A private, Calgary-based company, Prosper Petroleum Ltd., has applied to the Alberta Energy Regulator to build and operate the Rigel oilsands project, a proposed 10,000 bbl-per-day SAGD operation about 100 kilometres northwest of Fort McMurray.

    November 12, 2013, 12 PM MST

  • Update On Daily New Locations

    Due to Remembrance Day yesterday, there were no new licences issued by the governments.

    November 12, 2013, 12 PM MST

  • Energy Resources And The Environment Are Not Diametrically Opposed: Green

    Energy development is inherently destructive to the environment and human health; energy resources are problematically scarce; governments need to transition society to reduced and renewable energy usage -- these are the three most common misconceptions that Kenneth Green, natural resources senior director for the Fraser Institute, said are clouding useful public discussion and understanding regarding the oil and gas sector.

    November 12, 2013, 12 PM MST

  • Blaze Energy Ltd. Property Divestiture

    Sayer Energy Advisors has been engaged by Blaze Energy Ltd. to assist with the sale of its oil and natural gas properties in the Windfall and Kaybob South areas of central Alberta.

    November 12, 2013, 12 PM MST

  • Petronas Nears Deal To Sell Canada Shale Stake To Indian Company

    Kuala Lumpur (Reuters) -- Malaysia's Petronas is close to selling a stake in its Canadian shale gas assets to an Indian company as it looks to share some of the costs of bringing cheap liquefied natural gas from North America to energy-hungry Asia.

    November 12, 2013, 12 PM MST

  • U.S. To Become World's Top Oil Producer In 2015 - IEA

    (Reuters) -- The United States will stride past Saudi Arabia and Russia to become the world's top oil producer in 2015, the West's energy agency said, bringing Washington closer to energy self-sufficiency and reducing the need for OPEC supply.

    November 12, 2013, 12 PM MST

  • Sproule - Recent Hires

    Mr. Harry Helwerda, President of Sproule, is pleased to announce that the following professionals have joined Sproule's professional staff.

    November 12, 2013, 12 PM MST

  • Tickets Now On Sale For The 2014 STARS And Spurs Gala Presented By PSAC, Saturday, January 25, 2014

    Dust of your boots, and get your Stetson ready!! PSAC invites you to a night of fun and festivities on January 25, 2014 for the 20th Annual STARS and Spurs Gala.

    November 12, 2013, 12 PM MST

  • International Segment Pushed Ensign's Q3 Revenues Higher

    Increased activity and revenue rates in the company's international operations helped Ensign Energy Services Inc. record revenue of $542.95 million for the third quarter of 2013, an increase of three per cent over revenue of $525.67 million during the same period last year.

    November 12, 2013, 12 PM MST

  • Bonavista Reports Solid Third Quarter Results

    Bonavista Energy Corporation increased third quarter production to 73,632 boe per day, a 12 per cent increase over 65,464 boe per day during the comparable period last year.

    November 12, 2013, 12 PM MST

  • ARC Records Higher Q3 Profit, Increases 2013 Capital Budget

    ARC Resources Ltd. has increased its 2013 capital budget to $860 million from initial planned capital spending of $830 million excluding land and net property acquisitions, the company said in releasing third quarter results.

    November 12, 2013, 12 PM MST

  • Pembina/West Central AB Properties

    Spyglass Resources Corp. is offering for sale oil and gas producing properties and undeveloped acreage located in the Pembina area of West Central Alberta.

    November 12, 2013, 12 PM MST

  • Register Now For SPE Training Course On Introduction To Reservoir Engineering, 2 - 6 December 2013

    This 5-day course covers the basic principles and provides an introduction to stimulation methods in reservoir engineering.

    November 12, 2013, 12 PM MST

  • U.S. To Ship 10-15 Bcm Of LNG A Year To Europe From 2020 - Wood Mac

    (Reuters) -- The United States is likely to export 10-15 billion cubic metres of liquefied natural gas per year to Europe from 2020, although it will ship much more to Asian markets, a report by Wood Mackenzie showed.

    November 12, 2013, 12 PM MST

  • Angry Shi'ites Storm Schlumberger Camp At Iraq's Rumaila Oilfield

    (Reuters) -- Dozens of angry Shi'ite Muslim workers and tribesmen stormed a Schlumberger Ltd. camp at one of Iraq's main oilfields and wrecked offices early on Monday after accusing a foreign security adviser of insulting their religion, police and employees at the field said.

    November 12, 2013, 12 PM MST

  • Savanna Profit Slips, Cash Flow Rises; Canadian Outlook Uncertain For Rest Of 2013

    Savanna Energy Services Corp. reported essentially flat profit but cash flow and revenue rose in the third quarter (see table).

    November 12, 2013, 12 PM MST

  • Canyon's Higher Budget Reflects Optimism

    Canyon Services Group Inc. has set a 2014 capital budget of $32.5 million: $23.3 million for the construction of new equipment and $9.2 million to complete prior years' capital programs, which is more than twice this year's budget of $14.4 million.

    November 12, 2013, 12 PM MST

  • Cathedral Increases 2013 Capex And Reports Higher Revenue In Q3; Raises Q4 Dividend

    Cathedral Energy Services Ltd. increased its 2013 capital budget by $3 million in the third quarter to $30 million, with the spending increase directed towards production testing ancillary equipment in Canada and the U.S., as well as lands and building in Oklahoma City.

    November 12, 2013, 12 PM MST

  • Ukraine Suspending Russian Gas Imports For Rest Of Year-Paper

    (Reuters) -- Ukraine is unlikely to resume Russian gas imports suspended in a pricing row before the end of the year, but has enough in storage and can sustain deliveries to Europe, the Kommersant daily said on Tuesday.

    November 12, 2013, 12 PM MST

  • Santonia Reports Drop In Q3 Production; Company Lowers Net Loss

    Santonia Energy Inc. saw its average oil and gas production drop 66 per cent, year-over-year, to 4,441 boe per day for the three months ended Sept. 30, 2013, and for the first nine months of the year average production dropped 69 per cent to 4,363 boe per day.

    November 12, 2013, 12 PM MST

  • TriOil Shareholders Approve Arrangement With ORLEN Upstream

    TriOil Resources Ltd. announces that the holders of Class A common shares of the company have approved the proposed acquisition of TriOil by ORLEN Upstream sp. z o.o. through a wholly-owned subsidiary registered in the Netherlands,

    November 12, 2013, 12 PM MST

  • LandSolutions Opens Office In Vaughan, Ont.

    LandSolutions LP announces the opening of an office in Vaughan, Ont., outside Toronto.

    November 12, 2013, 12 PM MST

  • Brazil Set To Become Major Global Oil Supplier

    (Reuters) -- Brazil is set to become a net oil exporter and top 10 producer from 2015 if it overcomes hurdles to developing its giant offshore discoveries, the West's energy agency said on Tuesday.

    November 12, 2013, 12 PM MST

  • BP Clinches $6-Billion Fuel Supply Deal With Rosneft

    (Reuters) -- Top Russian oil firm Rosneft said it would sell about $6 billion worth of refined products to BP, establishing the British major among its biggest buyers after years without any such deal.

    November 12, 2013, 12 PM MST

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