Canada

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…

Canadian oil and gas producers, service firms and financers predict a “moderate growth” year in 2024 as new overseas export outlets surface on the Pacific coast of British Columbia (BC), according to ATB Capital Markets Inc. The optimism emerged in a survey held from Sept. 18 to Oct. 2 of 26 producers, 30 oilfield service…

TC Energy Corp. has landed Ksi Lisims LNG as a potential customer for a dormant but still approved pipeline across northern British Columbia (BC), the Prince Rupert Gas Transmission (PRGT) system. Led by the Nisga’a Nation and a group of Canada’s largest natural gas producers, Ksi Lisims also has filed for environmental approval to develop…

Canada’s largest natural gas producer, Tourmaline Oil Corp., disclosed it plans to acquire Bonavista Energy Corp. as it looks to add “decades of inventory” to its existing Deep Basin assets in Alberta, according to the firm. Calgary-based Tourmaline signed an agreement to acquire Bonavista in a deal valued at $1.1 billion (C$1.45 billion). The acquisition…

Calgary-based Keyera Corp. and Stonepeak Partners LP said their Key Access Pipeline System (KAPS) has ramped up and is moving up to 350,000 b/d of natural gas liquids (NGL) from the Montney and Duvernay formations in Western Canada to a market hub in Fort Saskatchewan. The C$2 billion ($1.5 billion) KAPS project is a “significant…

Natural gas demand in the United States and Canada is expected to peak in the next year, even as production remains strong and LNG exports are projected to increase through 2050, according to consultancy firm DNV. The independent risk management expert’s Energy Transition North America 2023 provides an outlook for natural gas, oil, coal and…

Canadian leaders traded barbs on Monday about the future of the nation’s natural gas and oil at international conferences in Calgary and in New York City At the World Petroleum Conference in Calgary, Alberta Premier Danielle Smith repeated a vow to cut greenhouse gas (GHG) emissions but said the province’s gas and oil production was…

Kingston Midstream Alberta Ltd. has stepped forward to buy the three-year-old Marten Hills Pipeline System in the Clearwater field in Canada, with the takeover of Rangeland Midstream Canada Ltd. from its Texas owners. The transaction, for an undisclosed amount, is set to be completed by the end of this month. Marten Hills, which was placed…

Crescent Point Energy Corp. is shifting its budget to center on long-term drilling in Alberta’s liquids-rich shale after landing a $500 million oil asset sale in North Dakota last month. Of a C$1.05-1.15 billion (US$788-862 million) development program in 2024, 70% is now being allocated for northern Alberta Montney and Duvernay geological formations, according to…