Gordon Jaremko

Canadian overseas sales of natural gas liquids (NGL) are poised to grow after AltaGas Ltd. and Dutch storage tank supplier Royal Vopak negotiated an expansion venture for a northeastern British Columbia (BC) shipping site near Prince Rupert. Calgary-based AltaGas said the planned addition, the Ridley Island Energy Export Facility, would include a bulk liquids terminal…

Montney Shale natural gas storage capacity has changed owners as Enbridge Inc. on Monday purchased a controlling stake in the Aitken Creek site in northern British Columbia (BC) from utility FortisBC Holdings Inc. for C$400 million ($300 million). Enbridge Executive Vice President Cynthia Hansen called the acquisition “a well located and connected facility that will…

Despite declines in natural gas prices, Western Energy Services Ltd. continued its recovery from the Covid-19 pandemic’s slump as growing field activity in Canada and the United States restored 2023 first quarter net income. The 30-day spot average for natural gas traded at the AECO hub in Canada fell by about 32% year/year to C$3.35/Mcf…

Facing a provincial election by late May, the United Conservative Party (UCP) government of Alberta has formally adopted the Liberal Canadian administration’s goal to reach net-zero greenhouse gas (GHG) emissions by 2050. The 66-page Alberta Emissions Reduction and Energy Development Plan was endorsed by UCP Premier Danielle Smith. The UCP accepted the carbon reduction target…

A natural gas and oil fortune has been abandoned offshore of British Columbia (BC) after Chevron Corp. and ExxonMobil retired Pacific seabed drilling rights following decades of successful environmental opposition. The integrated producers voluntarily gave up exploration licenses to an area rated as harboring up to 40 Tcf of natural gas and 10 billion bbl…

Canadian oil and natural gas employment remained lean in 2022 as the industry directed price gains into shareholder benefits, debt repayments and efficiency programs, according to a recent labor market report. The 2022 workforce remained “virtually unchanged” at 184,100 after a marginal loss of 500 positions or 0.2% from 184,600 in 2021, said the Petroleum…

Calgary-based Atco Ltd. has made an opening move on tapping Alberta natural gas to fuel low-carbon hydrogen exports to Japan. Atco also clinched an agreement to create an “integrated clean fuels supply chain” between subsidiary Canadian Utilities Ltd. and Kansai Electric Power Co. The plan is in early stages, with no  volumes, production costs or…

Calgary-based Vermilion Energy Inc. emerged as the top natural gas supplier in Ireland on Monday by closing a $434 million corporate takeover. Vermilion bought Equinor Energy Ireland Ltd. (EEIL) to become majority owner of the Corrib natural gas project, offshore Ireland’s west coast. Vermilion has operated Corrib since 2018. The deal raised the producer’s share…

Crescent Point Energy Corp. has agreed to acquire a package of liquids-rich assets in the Montney Shale of Alberta in an all-cash deal with Spartan Delta Corp. valued at C$1.7 billion ($1.2 billion). Spartan said the agreement would reward its stockholders with a payment of C$9.50 ($7.12)/share. “Over the past five years, we have fundamentally…