Alberta

Alberta to Consider Consumer Impacts Before Blending Hydrogen with Natural Gas

Alberta to Consider Consumer Impacts Before Blending Hydrogen with Natural Gas

Replacing natural gas with hydrogen could cause “rate shock” for consumers in the absence of new incentives or subsidies to offset the costs of blending it into the gas system, according to the Alberta Utilities Commission (AUC). “The Alberta government may want to consider supports for customers such as credits, tax rebates or subsidies,” an…

September 9, 2022
Alberta Plans for Major Oil and Natural Gas Windfall, with Stipulations

Alberta Plans for Major Oil and Natural Gas Windfall, with Stipulations

Canadian energy powerhouse Alberta plans to pay down government debt and cut income tax rates if a predicted windfall in oil and natural gas royalty revenue pans out, provincial officials said last week. Assuming oil and gas prices remain at current levels through the province’s fiscal year, which ends March 31, 2023, a new government…

September 6, 2022
Spartan’s Oil, Natural Gas Surge in Western Canada Spurred by Takeovers, High Prices

Spartan’s Oil, Natural Gas Surge in Western Canada Spurred by Takeovers, High Prices

Increased prices for liquids-rich oil and natural gas production from Alberta and British Columbia, along with four corporate takeovers, fueled a solid second quarter for Calgary’s Spartan Delta Corp. The independent put together a bundle of energy-rich properties from dealmaking in Western Canada that enriched the bottom line during 2Q2022.  Spartan, which reports in Canadian…

August 16, 2022
Canada’s Oilsands E&Ps Eyeing Enhanced Returns, Decarbonization

Canada’s Oilsands E&Ps Eyeing Enhanced Returns, Decarbonization

Calgary-based Imperial Oil Ltd. plans to use proceeds from high oil prices it realized during 2Q2022 to return more cash to shareholders and reduce greenhouse gas (GHG) emissions; goals echoed by its Canadian peers. The management teams of Canadian Natural Resources Ltd. (CNRL), Cenovus Energy Inc., Imperial and Suncor Energy Inc. each held recent conference…

August 15, 2022
Lack of LNG Export Terminals Stumps Canadian Natural Gas Production, Says EIA

Lack of LNG Export Terminals Stumps Canadian Natural Gas Production, Says EIA

Driven by upstream activity tied to LNG export projects, production of natural gas liquids (NGL) in the gassy Montney Shale has seen a recent boost, according to the U.S. Energy Information Administration (EIA).  In its latest analysis of Canada’s energy commodities, EIA projected the country’s oil production to grow this year and into 2023.  Factors…

July 13, 2022
Alberta Prioritizing Idle E&P Well Cleanups, with Spending Plans Doubled

Alberta Prioritizing Idle E&P Well Cleanups, with Spending Plans Doubled

High oil and natural gas prices prompted the Alberta Energy Regulator (AER) to more than double, to C$4.2 billion ($3.36 billion), its order to producers to close and safely seal inactive wells over the next five years. “These increases ensure closure activity is prioritized by companies developing energy in Alberta,” said AER President Laurie Pushor.…

July 8, 2022
Higher Oil, Natural Gas Prices Push Alberta Budget into Surplus

Higher Oil, Natural Gas Prices Push Alberta Budget into Surplus

A six-year streak of provincial budget deficits in Alberta ended in 2021 thanks to higher oil and natural gas prices that drove a five-fold increase by government royalties, according to an annual treasury review. In the Alberta provincial treasury annual review for the year ended March 31, 2022, Finance Minister Jason Nixon reported record royalties…

July 1, 2022
Imperial, E3 Piloting Lithium Extraction in Alberta’s Leduc Oilfield

Imperial, E3 Piloting Lithium Extraction in Alberta’s Leduc Oilfield

The search for lithium, a key ingredient used to build batteries for electric vehicles, is underway by Imperial Oil Ltd. and E3 Lithium, which are piloting an Alberta development in a well first drilled by the Calgary producer in 1947. Imperial, majority owned by ExxonMobil, said Thursday the C$6.35 million ($5 million) investment in Calgary-based…

June 27, 2022
Canada ‘Missing the Boat’ on More LNG Export Opportunities, E&P Execs Warn

Canada ‘Missing the Boat’ on More LNG Export Opportunities, E&P Execs Warn

Canada’s energy industry and the regulators that oversee it need to get serious quickly if the country expects to be a player in the global natural gas market, a panel of exploration and production (E&P) executives said this week at a conference in Vancouver, British Columbia (BC).  Countries across the world are scrambling for additional…

May 11, 2022
Canadian Natural Increases Natural Gas Output by 25%, as Commodity Prices Roar

Canadian Natural Increases Natural Gas Output by 25%, as Commodity Prices Roar

Record natural gas production and stronger commodity prices propelled Canadian Natural Resources Ltd. (CNRL) in the first three months of this year, enabling returns to shareholders and corporate debt reduction. Natural gas production jumped by 25% in 1Q2022 from a year earlier to 2 Bcf/d, management noted. Liquids production hovered at 945,809 b/d, off from…

May 9, 2022
‹ Previous 1 2 3 32