Canada

Calgary’s Headwater Riding Oil, Natural Gas Growth Wave, with Capital Jumping 59%

Calgary’s Headwater Riding Oil, Natural Gas Growth Wave, with Capital Jumping 59%

Headwater Exploration Inc. plans to boost its average daily output 33% by the end of this year, the Calgary-based independent said. “Our business continues to evolve with a very strong growth outlook for the foreseeable future,” management said in the earnings report for the first quarter. The producer reported 1Q2022 average output of 12,414 boe/d,…

May 20, 2022
BC’s Port Edward LNG Project Working to Quickly Move Canadian Natural Gas to Asia

BC’s Port Edward LNG Project Working to Quickly Move Canadian Natural Gas to Asia

Port Edward LNG Ltd. President Chris Hilliard, who is leading development of a small-scale liquefied natural gas (LNG) facility on the west coast of Canada, believes the project has unique advantages to become one of the country’s first LNG export terminals. Hilliard said the 300,000 metric tons/year project could be in service by 2024. Considering…

May 19, 2022
Natural Gas Rig Count Climbs as U.S. Drilling Activity Continues to Rise

Natural Gas Rig Count Climbs as U.S. Drilling Activity Continues to Rise

The U.S. natural gas rig count rose three units to 149 for the week ended Friday (May 13), while rising numbers in the oil patch rounded out another week of healthy gains for domestic drilling activity, the latest numbers from Baker Hughes Co. (BKR) show. Six oil-directed rigs were added along with the three natural…

May 13, 2022
Industry Must Spearhead Benefits of Canadian Natural Gas Exports, New LNG Canada CEO Says

Industry Must Spearhead Benefits of Canadian Natural Gas Exports, New LNG Canada CEO Says

LNG Canada will have the lowest greenhouse gas (GHG) intensity of any operating liquefaction plant in the world, CEO Jason Klein said, telling an industry audience they must better promote the environmental benefits of Canadian natural gas exports to get more projects off the ground. Klein, a Shell plc executive who was tapped to replace…

May 13, 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
Pembina Says Montney Shale Liquids, Natural Gas in High Demand

Pembina Says Montney Shale Liquids, Natural Gas in High Demand

Rising prices and producer demand for delivery service in the gassy Montney Shale of northern Alberta and British Columbia (BC) ignited a “tremendous start” to the year for Pembina Pipeline Corp., management said.  The Calgary operator, which reports in Canadian dollars (C$1.00/US 80 cents) said highlights of the first quarter included relaunching construction of the…

May 11, 2022
Calgary’s Gibson Energy, Pason Post Gains on Expansions, Higher Prices

Calgary’s Gibson Energy, Pason Post Gains on Expansions, Higher Prices

Gibson Energy Inc. is maintaining talks about expansions and its energy transition goals as it stacks gains from the first three months of the year thanks to increased commodity prices. The Calgary oilfield service firm’s gains were led by the oil marketing business, according to the company. Volumes grew by 20% to 58,088 b/d in…

May 9, 2022
Canadian Natural Increases Natural Gas Output by 25%, as Commodity Prices Roar

Canadian Natural Increases Natural Gas Output by 25%, as Commodity Prices Roar

Record natural gas production and stronger commodity prices propelled Canadian Natural Resources Ltd. (CNRL) in the first three months of this year, enabling returns to shareholders and corporate debt reduction. Natural gas production jumped by 25% in 1Q2022 from a year earlier to 2 Bcf/d, management noted. Liquids production hovered at 945,809 b/d, off from…

May 9, 2022
Buckeye Rouses Canada’s Bear Head LNG From Hibernation

Buckeye Rouses Canada’s Bear Head LNG From Hibernation

Houston-based Buckeye Partners LP on Thursday unveiled definitive plans to acquire – and revive – an inactive liquefied natural gas (LNG) project on Canada’s Atlantic coast, Bear Head LNG. “This acquisition demonstrates Buckeye’s focus on being an integral part of the next phase of the global energy evolution,” said Buckeye CEO Todd Russo. Buckeye’s Bear…

May 9, 2022
Tourmaline Boosting Montney Output to Supply LNG Canada

Tourmaline Boosting Montney Output to Supply LNG Canada

As the top supplier of Canadian natural gas, Calgary-based independent Tourmaline Oil Corp. plans to increase Montney Shale output when tanker sailings begin from the Shell plc-led export project, LNG Canada. Plans to boost supply for the liquefied natural gas (LNG) facility under construction in British Columbia (BC) were discussed by Tourmaline’s management team as…

May 6, 2022
‹ Previous 1 2 3 82