Alberta

New Alberta management will take over Atlantic Canada’s lone natural gas producer with plans to revive east coast supply development and shop for bargain-priced western oilfield assets under a transaction announced on Monday.

New Alberta management will take over Atlantic Canada’s lone natural gas producer with plans to revive east coast supply development and shop for bargain-priced western oilfield assets under a transaction announced on Monday.

Alberta oilsands operations, which have become Canada’s top natural gas user, were cleared tangentially of charges that their value is inflated following a decision Tuesday in the New York climate change case against ExxonMobil Corp.

Western Canadian natural gas will continue to face stiff competition from unconventional American production, according to the operator of the supply collection grid in Alberta and British Columbia (BC).

Texas has risen to the top in an annual survey of oil and natural gas investment preferences by the Fraser Institute, the Canadian-based policy and economics research firm.

After generations in Calgary as a national oil and gas industry pillar with a name short for Canadian energy, Encana Corp. is moving its headquarters to the United States and rebranding itself as Ovintiv Inc.

Chronic low prices have prompted the elder dean of Canadian natural gas producers to scrap three-quarters of its wells.

Projects by Canada’s second largest oilsands producer Suncor Energy Inc. and MEG Energy Corp. are supporting growth for Canadian natural gas use and driving pipeline additions by TC Energy Corp.’s gathering and delivery grid in Alberta and British Columbia, Nova Gas Transmission Ltd. (NGTL).

The explosive growth of the Marcellus and Utica shales in recent years has crowded out natural gas flowing from the Western Canadian Sedimentary Basin (WCSB) toward traditional downstream destinations in markets that include the Midwest and Eastern Canada, but new developments could alter the competitive balance moving forward.