The crowded liquefied natural gas (LNG) market on Thursday took its second Canadian casualty this summer, when an Asian partnership scrapped a jumbo terminal project on the Pacific coast of British Columbia (BC).
Aurora
Articles from Aurora
Calgary’s Baytex Buying Out Eagle Ford-Focused Aurora
Calgary-based Baytex Energy Corp. is buying out Eagle Ford Shale player Aurora Oil & Gas Ltd. of Perth, Australia in a cash and debt deal worth C$2.6 billion (US$2.36 billion).
Aurora Projects 47% Eagle Ford Growth in 2014
Australia’s Aurora Oil & Gas Ltd., which is focused on the Eagle Ford Shale, said it projects production will grow about 47% in 2014, as it spends $455-495 million on capital expenditures (capex) and launches its largest non-operated well development program.
British Columbia, Japan Ink Agreements to Further LNG Export Cooperation
British Columbia (BC) Premier Christy Clark used a trade mission to Japan to give formal political support this week to the industry lineup to build liquefied natural gas (LNG) export terminals on the province’s northern Pacific coast.
Another Colorado Town Halts Oil/Gas Development
Elected officials in a third town in Colorado, Erie, on Wednesday night adopted a six-month moratorium on oil/gas development on an emergency basis, making the halt effective immediately.