Canada

Robust flows of natural gas southward from Canada into the Lower 48 in November are bolstering already stout U.S. supplies, helping to keep next-day cash prices in check relative to last year, analysts say. “For most of the month, imports have run more than 1 Bcf/d higher than last year, with strength most evident in…

The U.S. natural gas rig count dropped four units to finish at 114 for the week ending Friday (Nov. 17), while gains in the oil patch saw the combined domestic drilling tally rise two units to 618, according to updated numbers from Baker Hughes Co. (BKR). Changes in the United States for the period included…

Nearly 300 undeveloped industrial acres at the former Goldboro LNG facility are for sale in Nova Scotia as owner Pieridae Energy Ltd. focuses on oil and gas production and processing in Alberta. The Calgary-based firm set a mid-2024 target for completing the sale as a “strategic pivot” to Western Canada legacy wells and field plants…

Natural gas drilling activity held steady for the week ended last Friday (Nov. 10), while an easing oil count saw rigs slide overall in the United States for the period, according to recently updated figures published by Baker Hughes Co. (BKR). Total domestic natural gas rigs ended the week at 118, unchanged from a week…

Calgary’s Tourmaline Oil Corp. is anticipating stronger natural gas prices in 2024 and 2025, driven by the LNG Canada export project on British Columbia’s coast and new liquefaction projects elsewhere in North America.  CEO Michael Rose hosted a conference call to discuss third quarter earnings for Canada’s largest natural gas producer, which operates in three…

Calgary-based Precision Drilling Corp., whose oilfield expertise is concentrated in North America, is anticipating “a sustained period of elevated natural gas drilling activity” in advance of the sooner-than-later wave of LNG export facilities, both in Canada and the Lower 48. CEO Kevin Neveu discussed the third results and the forecast for the year ahead during…

Following the example of some U.S. municipalities, Montreal plans to begin imposing restrictions in October 2024 on new natural gas, propane and oil-burning hookups in an effort to reduce greenhouse gas (GHG) emissions. The local government rules would ban fossil fuel cooking and heating as of next October from new residential buildings up to three…

A two-year regulatory ordeal has ended in success for a US$262 million natural gas liquids (NGL) pipeline system that would carry Montney Shale production in northeastern British Columbia (BC) to an Alberta hub. The Canada Energy Regulator (CER) recommended final approval of the 125-mile NEBC Connector, sponsored by NorthRiver Midstream. The dual-pipe connection with 91,000…

Sharp price spikes are likely to continue this winter for natural gas delivered to Washington state’s Sumas hub, reflecting a market plagued by deficient infrastructure struggling to keep up with widespread demand growth in the West, according to traders and analysts. Located on the Washington State border with British Columbia (BC), Canada, the Sumas hub…