Canada

Natural Gas Forward Prices Plummet as Supply Growth Seen Improving Storage Outlook

Natural Gas Forward Prices Plummet as Supply Growth Seen Improving Storage Outlook

Dragged lower by an upward swing in production, moderating weather and an ongoing curtailment of feed gas deliveries to the Freeport LNG facility, natural gas forward prices crumbled during the trading period from Sept. 15 to Sept. 21. Steep declines of more than 70 cents extended from the October contract through the winter season (November-March),…

September 23, 2022
Enbridge to Improve Native Relations as Line 5, Infrastructure Face Legal Hurdles

Enbridge to Improve Native Relations as Line 5, Infrastructure Face Legal Hurdles

After being rescued from a Wisconsin tribal lawsuit by the Canadian government regarding its Line 5 oil pipeline, Enbridge Inc. has made a corporate vow to improve relations with native communities across North America. “We recognize the deep and meaningful connections that Indigenous nations have to water, land and the environment,” Enbridge management said in…

September 21, 2022
U.S. Court Upholds Canada Lifeline for Enbridge Line 5

U.S. Court Upholds Canada Lifeline for Enbridge Line 5

The Canadian government has rescued Enbridge Inc.’s 540,000 b/d oil Line 5 from a Wisconsin tribe’s lawsuit by invoking its 1977 Pipeline Transit Treaty with the United States, a U.S. court has confirmed. U.S. District Court Judge William Conley of the Western District of Wisconsin on Thursday rejected a demand by the Lake Superior Chippewa…

September 9, 2022
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
Montney NGL System OK’d in Split Decision by Canada Regulators

Montney NGL System OK’d in Split Decision by Canada Regulators

The NEBC Connector, which would move around 98,000 b/d of Montney Shale liquid byproducts, has cleared a court hurdle erected last year that stiffened protection of Indigenous territory in northeastern British Columbia (BC). NorthRiver Midstream NEBC Connector GP Inc., a subsidiary of Brookfield Infrastructure LP, was seeking approval by the Canada Energy Regulator (CER) to…

September 2, 2022
As Western Canadian Production Ramps Up, Natural Gas Prices Plummet

As Western Canadian Production Ramps Up, Natural Gas Prices Plummet

U.S., European and Asian natural gas prices soared this summer amid enduring global demand and worries about strained supplies. Western Canadian prices, in contrast, collapsed. What gives? Just as Canadian producers bolstered output to pandemic-era highs to help meet global demand this summer, a series of pipeline restrictions cut into takeaway capacity. Unplanned outages and…

August 31, 2022
U.S. Natural Gas Activity Slows Modestly, Oil Tally Grows on Permian Gains

U.S. Natural Gas Activity Slows Modestly, Oil Tally Grows on Permian Gains

The U.S. natural gas rig count fell one unit to 158 for the week ended Friday (Aug. 26), while a round of gains in the oil patch lifted the combined domestic drilling tally three units higher to 765, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). Week/week changes domestically included…

August 26, 2022
Canada, Germany Advancing Energy Cooperation Agreement to Hammer Russian Influence

Canada, Germany Advancing Energy Cooperation Agreement to Hammer Russian Influence

 A mammoth wind-powered hydrogen production project planned in Newfoundland is poised to emerge as a frontrunner to keep the Canadian government’s promise to deliver new supplies for energy-hungry Europe. Prime Minister Justin Trudeau and German Chancellor Olaf Scholz plan to unveil an energy cooperation agreement at the Stephenville deepwater port site for the proposed Project…

August 22, 2022
Calgary’s Pason Sees Continued Onshore Drilling Uptick in North America

Calgary’s Pason Sees Continued Onshore Drilling Uptick in North America

Natural gas and oil field activity will become even more robust as the limits of shrinking storage volumes and drilled but uncompleted (DUC) well inventories become more pronounced, according to Calgary-based drilling technology supplier Pason Systems Inc.  “Meeting global demand for oil which is similar to pre-pandemic levels will require new drilling,” said CEO Jon…

August 17, 2022
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