Perpetual Energy Inc. reports second quarter 2020 financial and operating results

CALGARY, AB – (TSX: PMT) Perpetual Energy Inc. (“Perpetual” or the “Company”) herein releases its second quarter 2020 financial and operating results. A complete copy of Perpetual’s unaudited condensed interim consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2020 can be obtained through the Company’s website [Read more]

Source: BOE Report

Apple Overtakes Saudi Aramco As The World’s Most Valuable Company

It is a time for market shakeups. On Friday, tech giant Apple unseated oil giant Saudi Aramco as the world’s most valuable company. Earlier in the week, the market saw Reliance Industries unseat the world’s second-most valuable energy company, ExxonMobil. Reliance’s upward move can be attributed to Google’s investment in Reliance’s Jio Platforms—a digital services segment of Reliance. Tech is ...

Source: Oilprice.com

Alberta’s new Liability Management Framework – A move in the right direction in unprecedented times

Managing the challenges to Alberta’s oil and gas industry in 2020 has proven to be daunting for the current Alberta government. In 2019 -post-election, the government was tasked with addressing Alberta’s thousands of inactive oil and gas wells – changing how those wells are managed and overhauling how that work is paid for including a [Read more]

Source: BOE Report

Canada weekly rig count up 3 to 45

Canada’s fleet of active drilling rigs grew from 42 to 45 since last week according to data from Baker Hughes. Total drilling count was 45 at July 31. 11 rigs were drilling for oil; 33 for natural gas. The drilling activity in Alberta grew from 28 to 29 since last week. Saskatchewan’s drilling grew from [Read more]

Source: BOE Report

Improving Tank Maintenance

Improving Tank Maintenance  Laser technology adds efficiency and detail to inspections When Gabriel Rodriguez arrives at a job site, he has a single focus: get the work done quickly, safely and correctly. In Rodriguez’s work (he’s part of Houston-based TechCorr’s aboveground storage tank inspection team), speed and accuracy sometimes seem mutually exclusive....