Gordon Jaremko

Canada’s top natural gas producer, Tourmaline Oil Corp., is training its sights on the Montney Shale and revamping the marketing portfolio to fetch solid prices in North America and overseas. CEO Michael Rose led a conference call to discuss the Calgary-based exploration and production (E&P) company’s fourth quarter and full-year results. He also offered some…

Pipeline and environmental projects will fire up 2023 into a growth year in Canadian natural gas and oil investments, according to a major industry trade group. The Canadian Association of Petroleum Producers (CAPP) is forecasting investments totaling US$30 billion total this year, up by $3 billion from 2022. “The year 2023 may be one of…

Whitecap Resources Inc. said it is pumping up the natural gas and oil volumes in the Montney Shale and Duvernay formations following a breakout year. The Calgary-based independent, which reports in Canadian dollars (C$1.00/US 75 cents), last year paid $1.7 billion to buy assets in the Montney and Duvernay formations owned by ExxonMobil affiliates, including…

In an effort to be more inclusive of tribal communities, the British Columbia government has modernized and grown its BC Oil and Gas Commission that supervises northern shale drilling. The renamed British Columbia Energy Regulator (BCER) will consist of five to seven members, up from three, with a mandate to include tribal representation. Tribal representatives…

Montney and Duvernay shale producers will gain a new pipeline this spring for liquid byproducts of their production in northern Alberta and British Columbia (BC), project leader Keyera Corp. said in its year-end report. Keyera, which reports in Canadian dollars (C$1.00/US 75 cents), said the estimated $2 billion dual line would carry gasoline-like condensate in…

Increased production prices and strong retail fuel demand nearly doubled the quarterly earnings for Canadian oilsands heavyweight Suncor Energy Inc.  The Calgary producer tapped the northern Alberta oilsands for average production of 665,200 b/d, or 90% of 2022 production. That was up from 644,200 b/d in 2021. The company, which reports in Canadian dollars (C$1.00/US…

Canadian natural gas heavyweight Arc Resources Ltd. said Montney Shale growth – and higher prices – led to record growth in the fourth quarter. Higher gas prices, coupled with a strong marketing program, propelled profits in the final three months of 2022. With the outlook brighter, the corporate budget this year has been set at…

Repairs and cleanup of an oil leak on the Keystone Pipeline in Kansas late last year are projected to cost at least $480 million, sponsor TC Energy Corp. said. Following a 29-day interruption to repair the leak in Kansas, oil flows resumed at the end of 2022 to transport up to 600,000 b/d of Canadian…

Repsol SA has moved closer to providing LNG to Europe from the east coast of Canada after securing an export license amendment despite objections from a Nova Scotia natural gas distributor. The Canada Energy Regulator (CER) granted Repsol’s Saint John LNG Development Co. (SJLNG) a six-year extension, giving the company until May 2032 to begin…