BOE Report
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BOE (Barrel of Oil Equivalent) is an energy unit frequently used in the oil and gas industry to identify a company's combined crude oil and natural gas production. BOE Report is Canada's source for oil and gas news, activity, and information.
BOE Report
2d ago
Welcome to the BOE Report’s Week in Review! Did you miss something this week? We’ve got you covered. Check out any BOE Intel articles that you missed, and catch up on our most read articles from the week. We have also included the top gainers and fallers in the energy markets this week among our [Read more ..read more
BOE Report
2d ago
The U.S. gasoline market is flashing signs of weakness at the start of summer driving season, a time it generally picks up strongly, and analysts say this clouds the picture for oil demand ahead of the OPEC+ group policy meeting that kicks off this weekend. U.S. gasoline demand fell about 2% week-over-week to 9.15 million [Read more ..read more
BOE Report
2d ago
U.S. energy firms this month cut the most oil and natural gas operating since August, even as the rig count remained unchanged this week, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, held steady at 600 in the [Read more ..read more
BOE Report
2d ago
U.S. crude oil production rose in March to its highest this year, while product supplied fell, data from the Energy Information Administration showed on Friday. Crude output rose by 0.6% to 13.2 million barrels per day (bpd) in March, the highest since December. Crude volumes from Texas, the top producing state, edged 0.7% higher to [Read more ..read more
BOE Report
2d ago
TORONTO, May 31, 2024 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 173,300 IPC common shares (ISIN: CA46016U1084) during the period of May 27 to 31, 2024 under IPC’s normal course issuer bid / share repurchase program (NCIB). IPC’s [Read more ..read more
BOE Report
2d ago
Calgary, Alberta–(Newsfile Corp. – May 31, 2024) – Vital Energy Inc. (TSXV: VUX) (the “Corporation”) is pleased to announce that Mr. Zhen Jiang has been appointed as the Chief Financial Officer of the Corporation effective as of June 1, 2024. Zhen brings a wealth of experience and expertise to the role. Robert Gillies, the Corporation’s [Read more ..read more
BOE Report
2d ago
U.S. crude oil refiners aim to operate above 90% of their combined processing capacity for the remainder of the quarter after completing planned overhauls, said analysts contacted by Reuters. Strong spring production levels have retail gasoline prices on par with a year ago, according to motorist group AAA. The nationwide average price for a gallon [Read more ..read more
BOE Report
2d ago
Cash-rich Exxon Mobil and Chevron are bolstering their oil and gas drilling inventory with multi-billion-dollar takeovers as they bet on resilient demand for years to come. The consolidation wave sweeping through the U.S. energy sector that spurred deals worth $250 billion in 2023 shows no signs of slowing as companies rush to deploy their cash [Read more ..read more
BOE Report
2d ago
Canada’s active rig count came in at 116 this morning, one rig fewer than last Friday. Albertan rig activity fell to 78, a decrease of 6 rigs compared to last week. Saskatchewan’s rig count held steady at 12, while BC’s active rig count increased to 21. If trends from prior years hold, we would expect [Read more ..read more
BOE Report
2d ago
With Part 1 having been out for a few days (and a few more companies having now reported their Q1 results), we’ve prepared Part 2 of our Earnings Season Report Card for Q1 2024. As usual, Part 2 focuses on per-barrel indicators for Canadian producers. Realized pricing was down overall from January through March 2024, [Read more ..read more