Canada

Suncor Scores with Oilsands Operations as Commodity Prices Jump  

Suncor Scores with Oilsands Operations as Commodity Prices Jump  

Increased production prices and strong retail fuel demand nearly doubled the quarterly earnings for Canadian oilsands heavyweight Suncor Energy Inc.  The Calgary producer tapped the northern Alberta oilsands for average production of 665,200 b/d, or 90% of 2022 production. That was up from 644,200 b/d in 2021. The company, which reports in Canadian dollars (C$1.00/US…

February 15, 2023
Coastal GasLink Natural Gas Pipeline Facing More Cost Overruns Amid List of Challenges

Coastal GasLink Natural Gas Pipeline Facing More Cost Overruns Amid List of Challenges

TC Energy Corp. has again revised upward the expected cost of the Coastal GasLink (CGL) natural gas pipeline in Western Canada, citing challenges on multiple fronts. TC now expects the project to cost C$14.5 ($10.9 billion), up from C$11.2 billion ($8.4 billion) forecast in its third quarter 2022 earnings report. “The project continues to face…

February 10, 2023
North American Natural Gas Price Outlook – Listen Now to NGI’s Hub & Flow

North American Natural Gas Price Outlook – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI senior editors Andrew Baker and Kevin Dobbs discuss the outlook for North American natural gas prices in 2023. They address factors including a mild weather start to the year, robust U.S. production, the Freeport LNG outage and the potential for future…

February 8, 2023
North American Natural Gas Price Outlook – Listen Now to NGI’s Hub & Flow

North American Natural Gas Price Outlook – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI senior editors Andrew Baker and Kevin Dobbs discuss the outlook for North American natural gas prices in 2023. They address factors including a mild weather start to the year, robust U.S. production, the Freeport LNG outage and the potential for future…

February 6, 2023
FortisBC Secures First Nations Partnership to Advance Tilbury LNG Expansions

FortisBC Secures First Nations Partnership to Advance Tilbury LNG Expansions

FortisBC Holdings Inc. has reached an agreement with the Snuneymuxw First Nation community “to work in close collaboration” on planned expansions of the Tilbury LNG facility in Delta, British Columbia (BC). In operation since 1971, the liquefied natural gas facility added 0.25 mmty (33 MMcf/d) of liquefaction capacity and a 46,000 cubic meter (1 Bcf)…

February 2, 2023
Permian Gains, GOM Declines as U.S. Drilling Total Steady in Latest BKR Tally

Permian Gains, GOM Declines as U.S. Drilling Total Steady in Latest BKR Tally

With gains in natural gas-directed drilling countered by declines in the oil patch, the U.S. rig count finished unchanged overall at 771 for the week ended Friday (Jan. 27), according to the latest numbers from Baker Hughes Co. (BKR). Domestic changes for the period included an increase of four natural gas-directed rigs and a decline…

January 27, 2023
BC, Blueberry River to Jointly Oversee Resources, Potentially Limit New Natural Gas, Oil Projects

BC, Blueberry River to Jointly Oversee Resources, Potentially Limit New Natural Gas, Oil Projects

British Columbia (BC) and Blueberry River First Nations struck a historic agreement this week to  partner on resource stewardship that among other things could limit new oil and natural gas development, as well as revamp future energy activities. The agreement would ensure “Blueberry River members can meaningfully exercise their Treaty 8 rights, and provide stability…

January 20, 2023
Canadian Natural Gas Industry Moving Ahead with Carbon Capture, Storage Projects

Canadian Natural Gas Industry Moving Ahead with Carbon Capture, Storage Projects

The Alberta oil and natural gas industry entered 2023 with plans to use carbon capture and storage (CCS) to score an 18-fold jump in discarding greenhouse gas (GHG) emissions from production, according to the Canada Energy Regulator (CER). The CER disclosed commitments to increase CCS disposal to 56 million tons (Mt) per year by seven…

January 10, 2023
Superior Ups Ante in RNG, CNG, Hydrogen Fuels with Certarus Takeover

Superior Ups Ante in RNG, CNG, Hydrogen Fuels with Certarus Takeover

Toronto-based Superior Plus Corp. clinched a definitive agreement with Certarus Ltd. to acquire the compressed natural gas (CNG), renewable natural gas (RNG) and hydrogen distributor in a C$1.05 billion ($776.9 million) deal.  After kicking off the year with an announcement that it may offer hydrogen to its commercial and industrial propane customers in Quebec, Superior…

December 28, 2022
Canada Grants Ksi Lisims LNG Project 40-Year Export License

Canada Grants Ksi Lisims LNG Project 40-Year Export License

The native-led Ksi Lisims LNG project has cleared an initial regulatory hurdle by obtaining a 40-year natural gas export license for its planned terminal near Prince Rupert on the northern Pacific coast of British Columbia (BC). The Canada Energy Regulator (CER) granted the approval for overseas sales of up to 2 Bcf/d to the Ksi…

December 19, 2022
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