British Columbia

Enbridge to Expand Westcoast Natural Gas System as Montney Output, LNG Prospects Grow

Enbridge to Expand Westcoast Natural Gas System as Montney Output, LNG Prospects Grow

Natural gas transportation from the Montney Shale is topping Enbridge Inc.’s pipeline agenda in northern British Columbia (BC) where a slate of projects on the Westcoast Energy system could add capacity for 800 MMcf/d  After shippers over-subscribed an open season for transport service, Enbridge plans to proceed on a 300 MMcf/d addition to the southern…

November 7, 2022
Arc Resources Expecting ‘Very Healthy’ Natural Gas Prices at AECO Through Winter

Arc Resources Expecting ‘Very Healthy’ Natural Gas Prices at AECO Through Winter

Montney Shale pure-play Arc Resources Ltd. is forecasting strengthened pricing at the NOVA/AECO hub in western Canada relative to the U.S. Henry Hub over the coming months, according to management. In a conference call to discuss third-quarter earnings, CFO Kris Bibby said “we are excited for the immediate near term in the winter. We would…

November 7, 2022
Tilbury LNG Gains Support of First Nations for BC Export Project

Tilbury LNG Gains Support of First Nations for BC Export Project

Tilbury LNG has become the sixth active Canadian LNG export project to enlist the native community as a site supporter and potential part-owner. Sponsor FortisBC Holdings Inc. and the Musqueam Indian Band announced a planning, regulatory approval and possible investment agreement for the project in the Vancouver suburb of Delta. Such partnerships are becoming common…

August 12, 2022
Canadian LNG Filing Shows Passing Grade on Gas Export Stress Test

Canadian LNG Filing Shows Passing Grade on Gas Export Stress Test

North America’s natural gas supply is passing a stress test created by the war between Russia and Ukraine, showing that more LNG can be exported without jeopardizing consumer needs, according to an industry filing at the Canada Energy Regulator (CER). “Gas markets are functioning,” said sponsors of the Ksi Lisims LNG liquefied natural gas export…

July 22, 2022
Montney Drilling Expansion Said Needed to Fill LNG Export Deliveries from Canada

Montney Drilling Expansion Said Needed to Fill LNG Export Deliveries from Canada

The potential Canadian entry into liquefied natural gas (LNG) markets estimated it could need 2,500 Montney Shale wells to fill export facilities on the northern Pacific coast of British Columbia (BC). In the first 20 years of exports, NorthRiver Midstream NEBC Connector GP Inc. estimated the new drilling could spawn 313 kilometers (188 miles) of…

June 10, 2022
British Columbia Revamping Natural Gas, Oil Royalty System

British Columbia Revamping Natural Gas, Oil Royalty System

British Columbia (BC) has unveiled a revamped oil and natural gas production royalty system that would replace a patchwork of complex incentives with a flat 5% rate on all wells until costs are fully paid. The sliding-scale royalties on paid-for wells would range from 5% to 40%. Rates would be driven by prices fetched on…

May 23, 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
Meg Energy Keeps Shipping Contract for Unfinished Oilsands Pipe

Meg Energy Keeps Shipping Contract for Unfinished Oilsands Pipe

Alberta oilsands specialist Meg Energy Corp. reported that it has retained a 20,000 b/d oil shipping contract on the incomplete expansion of the Trans Mountain Pipeline. Management confirmed its plans for capacity on the Trans Mountain Expansion Project (TMX), whose estimated construction cost has ballooned 70%, while reporting fourth quarter and full-year 2021 earnings. TMX…

March 14, 2022
Cedar LNG Sets 2023 Target to Begin Terminal for BC Export Proposal

Cedar LNG Sets 2023 Target to Begin Terminal for BC Export Proposal

The first native contender for Canadian liquefied natural gas (LNG) exports has hired engineering contractors, entered the final stage of environmental review and confirmed a 2023 target date to start building a tanker terminal. Cedar LNG, created by the Haisla Nation at its Kitimat site on the northern Pacific coast of British Columbia (BC), on…

February 8, 2022
Canadian Natural Forecasting Higher Spending, More Natural Gas Production in 2022

Canadian Natural Forecasting Higher Spending, More Natural Gas Production in 2022

Improved prices, along with increased ownership of drilling targets in northern Alberta and British Columbia (BC), should help natural gas production to climb by 18% year/year in 2022, Canadian Natural Resources Ltd. said Tuesday. The Calgary exploration and production (E&P) company announced its 2022 budget with a natural gas target of 1.98-2 Bcf/d from 1.69…

January 12, 2022
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