Canada

U.S. Friendlier to Natural Gas, Oil Investments than Canada, Execs Say

U.S. Friendlier to Natural Gas, Oil Investments than Canada, Execs Say

Policies and regulations in the U.S. oil and natural gas patch, led by Texas, are viewed as substantially more favorable to investment than in Canada, according to the latest survey by the Fraser Institute. The 2021 Canada-US Energy Sector Competitiveness Survey by the Vancouver-based think tank asked 71 senior executives in the petroleum sector to…

December 1, 2021
Canada’s Montney Shale to Supply Low-Carbon Petrochemical Project in Alberta

Canada’s Montney Shale to Supply Low-Carbon Petrochemical Project in Alberta

A petrochemical plant recently announced, slated to be in service by 2026, could produce up to 200 metric tons/year of low-carbon blue ammonia and methanol using natural gas from the Montney Shale, officials said. Calgary-based Northern Petrochemical Corp. (NPC), a private venture, is proposing to build the C$2.5 billion ($2 billion) project in the planned…

November 15, 2021
Meg Energy Boosting 2021 Oilsands Guidance on Stronger Prices, Rising Demand

Meg Energy Boosting 2021 Oilsands Guidance on Stronger Prices, Rising Demand

Alberta oilsands specialist Meg Energy Corp. has boosted its oilsands production guidance for the year on strengthening demand and prices. Production during 3Q2021 grew year/year to 91,506 b/d from 71,516 b/d. On the solid uptick Meg revised its 2021 average production guidance upward to 92,500-93,500 b/d from 91,000-93,000 b/d. “The third quarter was another strong…

November 15, 2021
Canada Natural Gas, Oil Drilling Forecast to Accelerate in 2022, Topping Pre-Pandemic Levels

Canada Natural Gas, Oil Drilling Forecast to Accelerate in 2022, Topping Pre-Pandemic Levels

Canadian natural gas and oil drilling should expand  in 2022 at a brisk pace that tops activity in 2019, before Covid-19 disrupted the industry, according to the Petroleum Services Association of Canada. A new forecast by the industry group is projecting there will be 5,400 Canadian wells in 2022, up from 5,100 in 2019, 2,850…

November 12, 2021
Montney-Focused Arc Resources Speeding Up Activity as Commodity Prices Recover

Montney-Focused Arc Resources Speeding Up Activity as Commodity Prices Recover

Arc Resources Ltd. swiftly accelerated Montney Shale drilling following its C$8.1 billion ($6.5 billion) takeover of Seven Generations Energy Ltd. (7G) last winter, and it’s rewarding shareholders too. The Calgary-based exploration and production (E&P) company holds a Montney-focused portfolio in Alberta and British Columbia (BC) that is weighted 60% to natural gas and 40% to…

November 12, 2021
Imperial Assessing Whether Some Canada Oil Assets at Risk from Climate Change

Imperial Assessing Whether Some Canada Oil Assets at Risk from Climate Change

Imperial Oil Ltd., the 141-year-old elder statesman of Canadian fossil fuel firms, said it is encouraged by the rising global demand for petroleum products, but it also is bracing for potential impacts that could follow the United Nations climate summit in Glasgow, Scotland. The Calgary-based company, majority owned by ExxonMobil, issued its 3Q2021 results on…

November 1, 2021
AltaGas Sees Responsibly Sourced LNG as Potential Montney Growth Engine

AltaGas Sees Responsibly Sourced LNG as Potential Montney Growth Engine

Canada’s AltaGas Ltd. in its third quarter results said the potential engines of growth for the company include plants in the Montney Shale of British Columbia (BC). The company touted its plants in the Montney region of northern BC, which is the supply source for liquefied natural gas export facilities under construction or on the…

November 1, 2021

Alberta Probing Funding Sources of Oilsands Foes

Opposition to Canadian oil and gas pipelines has grown into an international environmental protest industry from a modest 2008 beginning as “The Tar Sands Campaign,” according to an Alberta government inquiry into foreign funding of home-grown fossil fuel foes. The 657-page Report of the Public Inquiry Into Anti-Alberta Energy Campaigns found that C$1.28 billion ($1…

October 25, 2021
Vermilion Gains Certified Label for Some Canadian Natural Gas Supply

Vermilion Gains Certified Label for Some Canadian Natural Gas Supply

Calgary-based Vermilion Energy Inc. has become the third Canadian producer to earn an international eco-label for its natural gas. The independent also announced Wednesday an initial sale of certified gas sporting the ethical energy brand, created by New York City-based Equitable Origin, which is trademarked as EO100 Standard Certification. “As the energy transition progresses, we…

October 15, 2021
Canada Calls for Cutting Oil, Natural Gas Methane Emissions by 75% by 2030

Canada Calls for Cutting Oil, Natural Gas Methane Emissions by 75% by 2030

Canada stepped forward Monday as the first and so far only national subscriber to a global climate change policy goal of cutting oil and gas industry methane emissions by 75% from 2012 levels as of 2030. Federal Environment Minister Jonathan Wilkinson kept a Canadian Liberal government re-election promise by endorsing a toughened version of a…

October 12, 2021
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