Canada

A start on additions to oil production offshore Newfoundland topped the 2023 growth agenda prompting a 50% budget increase for 2023 by Calgary-based Cenovus Energy Inc. Spending would jump to C$600-700 million ($450-525 million) in 2023 to begin work on a new platform and drilling, dubbed West White Rose, 180 miles east of Newfoundland’s capital,…

After rejecting a call in September to shut off Enbridge Inc.’s cross-border Line 5, a federal court in Wisconsin has directed the pipeline company and the Lake Superior Chippewa’s Bad River Band to work together on a spill risk reduction plan for the 540,000 b/d oil conduit. U.S. District Court Judge William Conley of the…

Canadian Natural Resources Ltd. (CNRL) is targeting a roughly 5% year/year increase in natural gas production next year, and plans to export more than one-third of its output to North American markets outside the AECO hub in Western Canada. Gas production in 2023 is forecast to average 2.17-2.24 Bcf/d, up from 2.11 Bcf/d projected for…

An Atlantic Canada utility has challenged the plan by Repsol SA to convert its New Brunswick arm, Saint John LNG Development Co. (SJLNG), from an import site into an export terminal for energy-starved Europe. Nova Scotia gas distributor Eastward Energy Inc. has urged the Canada Energy Regulator (CER) to require an east coast market review…

Iron Horse Midstream is adding another natural gas cryogenic processing plant at its 120-acre complex in Grady County, OK, in the heart of the Anadarko Basin. The Dallas-based firm said the 200 MMcf/d plant would boost natural gas processing capacity in the SCOOP/STACK (South Central Oklahoma Oil Province and Sooner Trend of the Anadarko Basin,…

Top Mexican officials were in Texas earlier this month laying out their new strategy for natural gas. Speaking on Wednesday (Nov. 16) at LDC Forums’ annual US-Mexico Natural Gas Forum in San Antonio, CFEnergía head Miguel Reyes said Mexican utility Comisión Federal de Electricidad (CFE) and international firms would now work together to solve natural…

TC Energy Corp. is working to connect more natural gas supply from the Haynesville Shale and Western Canadian Sedimentary Basin (WCSB) with LNG export demand, management said last week. CEO François Poirier hosted a call on Wednesday (Nov. 9) to discuss the Calgary-based pipeline juggernaut’s third quarter earnings. Poirier and his team highlighted the $400…

The U.S. natural gas rig count finished unchanged at 155 for the week ended Nov. 11, while gains in the Gulf of Mexico (GOM) and in the Permian Basin helped drive the combined domestic tally nine units higher to 779, according to updated numbers published Friday by Baker Hughes Co. (BKR). Oil-directed drilling accounted for…

As the top natural gas producer in Canada, Tourmaline Oil Corp. flowed 2.2 Bcf/d throughout the third quarter of 2022, with next year’s output expected to average 2.5 Bcf/d. Natural gas exports to the United States played a starring role in the company’s growth, and long-distance trading results have earned an American regulatory trophy. The…