New digital upstream training tool promises global access for all

A new global training platform offering an affordable and accessible alternative to exclusive upstream training has been launch by Norwell Engineering, the international well engineering and drilling project management firm based in Aberdeen UK today, Thursday 22nd March.

The e-learning platform, called Norwell EDGE, has kept the cost of individual training low ensuring it is open to everyone – regardless ...

Source: Roseland Oil & Gas

This New Technology Could Transform The Lithium Industry

A new technology is here that has the potential to reshape lithium production in the same way fracking reshaped oil. In fact, as reported by USA Today, Musk offered $325 million for the International Battery Metals’ CEO’s previous company and lithium extraction technology. But a major New York Global Investment Bank valued this company at 7X this number... $2.5 ...


Global C02 Emissions Rise For The First Time In 3 Years

In a worrying development, global CO2 emissions from energy jumped by 1.4 percent in 2017, the first increase in three years. The trend indicates that global efforts to reduce emissions are “insufficient,” according to a new report from the International Energy Agency. Total energy-related emissions jumped by 1.4 percent to 32.5 gigatonnes (Gt), the equivalent of 170 ...


Alberta sees $8.8 billion budget deficit in 2018-19

Alberta said on Thursday it will run a smaller-than-expected budget deficit in the coming fiscal year and vowed to balance the books in five years as it tightens spending. Alberta, home to Canada’s vast oil sands, said it would run a deficit of $8.8 billion in the fiscal year 2018-19, less than its forecast of [Read More…]

Source: BOE Report

Pa. Governor Works with Ohio, W. Va. To Produce More Natural Gas… And with the DRBC to Ban Fracking?

Pennsylvania Gov. Tom Wolf renewed his collaboration with the governors of Ohio and West Virginia to support shale gas development in the Appalachian Basin this week, saying that he’s proud to be a part of ensuring “that we are doing everything we can to support additional development – and the jobs and economic growth that go with it – in ...

Source: Energy In Depth

Altura Energy Inc. Announces Fourth Quarter and Year End 2017 Financial and Operating Results and Provides an Operational Update

CALGARY, Alberta, March 22, 2018 (GLOBE NEWSWIRE) — Altura Energy Inc. (“Altura”, or the “Corporation”) (TSXV:ATU) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2017, and an operational update.  The audited consolidated financial statements, and related management’s discussion and analysis (“MD&A”) will be available at [Read More…]

Source: Headlines – BOE Report

LNG Firms Lament Timing Of Tariffs, Trade Spat

The Trump administration’s planned steel tariffs and a potential trade battle with China could hurt U.S. LNG companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG, making it an important customer for U.S. producers. It is also a significant exporter ...

Source: Feeds

Study Says West Texas Ground Sinks Under Permian Oil Drilling

Intensive oil and gas drilling in the Permian is causing a large swath of West Texas to sink and uplift, a new study by the Southern Methodist University, Dallas, says, suggesting that decades of oil production have destabilized localities in an area of about 4,000 square miles. In the study, which was published in the journal Scientific Reports, geophysicists analyzed ...


Pembina Pipeline Corporation Announces $700 Million Public Note Offering

CALGARY, March 22, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL, NYSE: PBA) announced today that it has agreed to issue $700 million of senior unsecured medium-term notes (the “Offering”). The Offering will be conducted in two tranches consisting of $400 million in senior unsecured medium-term notes, series 10 (the “Series [Read More…]

Source: Headlines – BOE Report

The Death Of Traditional Power Grids

The problem with centralized power grids is that they can be crippled at just one point of failure, leaving consumers vulnerable to outages. According to Mark Feasel of Schneider Electric, the cost of such outages for the U.S economy overall is $150 billion a year. An irritating inconvenience for domestic consumers, prolonged outages are expensive, damaging and potentially fatal ...


Baker Hughes, a GE company Announces Date for First Quarter 2018 Earnings Release and Webcast

HOUSTON & LONDON–(BUSINESS WIRE)–Baker Hughes, a GE company (NYSE: BHGE) will hold a webcast on Friday, April 20, 2018 to discuss the results for the first quarter ending March 31, 2018. The webcast is scheduled to begin at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). A press release announcing the results will be issued [Read More…]

Source: BOE Report

South Sudan: U.S. Oil Sanctions Undermine Peace Efforts

U.S. sanctions on oil entities of South Sudan are counterproductive to efforts to bring stability and peace in the country, South Sudan’s Ministry of Petroleum said on Thursday, a day after the U.S. slapped sanctions on 15 South Sudanese oil-related entities. On Wednesday, the U.S. Department of State imposed a license requirement on all exports, re-exports, and ...


Petro-Victory Energy Corp. Announces Senior Secured Debt Financing

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./ CALGARY, March 22, 2018 /CNW/ – At the request of IIROC, Petro-Victory Energy (TSX-V: VRY), (“Petro-Victory” or the “Company”), wishes to confirm that the Company's management [Read More…]

Source: BOE Report

Natural Gas Storage Posts 86 Bcf Withdrawal

Natural gas storage inventories decreased by 86 Bcf for the week ending Mar. 16, according to the EIA’s weekly report. The draw was roughly in line with market expectations. Natural gas prices are trading in line with yesterday’s close, with the April contract trading at $2.63 per MMBtu at the time of writing.

Today’s storage withdrawal is lower than ...

Global Carbon Emissions Resume Rise

After three flat years global carbon emissions, carbon emissions are now on the rise again, hitting the highest ever at 32.5 gigatons. This was a 1.4-percent annual increase, the International Energy agency said in its 2018 Global Energy and CO2 Status Report. The increase comes as a surprise to many given the major push into renewables in many ...


OPEC Curbs Oil Shipments To U.S. Refiners

U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report by Bloomberg. Weekly crude imports from seven bloc nations dropped by 14 percent last week, the Energy Information Administration said. The fall brings import levels down to the lowest ...


Global Carbon Emissions Hit Record High In 2017

Global energy-related carbon emissions rose to a historic high of 32.5 gigatons last year, after three years of being flat, due to higher energy demand and the slowing of energy efficiency improvements, the International Energy Agency (IEA) said. Global energy demand rose by 2.1% last year to 14,050 million tonnes of oil equivalent, more than twice the previous ...

Source: Feeds

MEG Energy Completes Sale of Access Pipeline and Stonefell Terminal

CALGARY, March 22, 2018 /CNW/ – MEG Energy Corp. (TSX:MEG) (“MEG” or the “Company”) is pleased to announce that it has successfully closed its previously announced sale of the Company’s 50% interest in Access Pipeline and 100% interest in Stonefell Terminal for cash and other consideration of $1.61 billion. MEG Energy Corp. is focused on [Read More…]

Source: BOE Report

Residential heating oil and propane prices up from last winter

Residential heating oil and propane prices have been higher this winter than last winter. U.S. average heating oil and propane prices this season were 17% and 11% higher, respectively, because of slightly higher crude oil prices, colder winter temperatures, and lower fuel inventories than last winter.

Source: EIA: Today in Energy

Reuters Insider – Reuters Today: Bank of England likely to stay on course for May rate hike

Click the following link to watch video: Source: Reuters Insider Description: The Bank of England is likely to signal a May interest rate hikeremains on the cards. EU leaders meeting in Brussels are expected to discussBrexit and the rising threat of a global trade war. A White House officialsays U.S. President Donald Trump will announce [Read More…]

Source: BOE Report