Canada

Arc Raising 2022 Capital Guidance, Touts High Montney Shale Gas, Liquids Prices

Arc Raising 2022 Capital Guidance, Touts High Montney Shale Gas, Liquids Prices

Montney Shale producer Arc Resources Ltd. sees inflation and continued supply chain snarls ballooning its costs for the rest of the year, leading it to raise its capital budget by 16.6%. Calgary-based Arc is now forecasting capital spending of $1.35-$1.45 billion, up from an initial plan of $1.15-$1.25 billion. Management said the upward revision primarily…

August 3, 2022
Cenovus Chief Urges Less Aggressive Canada GHG Targets for Natural Gas, Oil Producers

Cenovus Chief Urges Less Aggressive Canada GHG Targets for Natural Gas, Oil Producers

Framing the Canadian government’s goals for cutting greenhouse gas (GHG) emissions from fossil fuel production as too much, too soon, management at Cenovus Energy Inc. expressed doubts about how workable the system would be for natural gas and oil producers. “I am very worried that if we remain on this path, it could lead to…

August 1, 2022
Enbridge Grabs Stake in Canada’s Woodfibre, Progresses LNG Exposure Strategy

Enbridge Grabs Stake in Canada’s Woodfibre, Progresses LNG Exposure Strategy

As the role of LNG exports looms larger, Enbridge Inc. agreed to invest in a potential Canadian project and continue to pair its extensive natural gas networks with terminal projects. Calgary-based Enbridge increased its market share of natural gas transportation to cover 20% of the volumes exported from North America. CEO Al Monaco said the…

August 1, 2022
U.S. Natural Gas Drilling Tally Inches Higher as Oil Patch Sees More Growth

U.S. Natural Gas Drilling Tally Inches Higher as Oil Patch Sees More Growth

The U.S. natural gas rig count rose two units to 157 for the week ended Friday (July 29), while a six-rig increase in oil-directed drilling helped lift the combined domestic count nine units higher to 767, according to updated figures from Baker Hughes Co. (BKR). Along with the higher natural gas- and oil-directed drilling totals,…

July 29, 2022
Tourmaline Readies Montney Natural Gas Growth to Fetch Premium Prices from WCSB to Gulf Coast

Tourmaline Readies Montney Natural Gas Growth to Fetch Premium Prices from WCSB to Gulf Coast

Calgary-based Tourmaline Oil Corp. is continuing to build its portfolio of natural gas and oil assets as it prospects for markets across the North American continent, from the Western Canadian Sedimentary Basin (WCSB) to the South Texas coast. CEO Michael Rose led a conference call to discuss the exploration and production (E&P) company’s second quarter…

July 29, 2022
Atlantic Canada Readies Claim to Gain Green Hydrogen Edge

Atlantic Canada Readies Claim to Gain Green Hydrogen Edge

Development plans for low-carbon hydrogen have spread to the Atlantic seaboard of Canada, with technology and infrastructure firms from the United States playing key roles. New York-based Plug Power Inc. sold a 5 MW electrolyzer to the top Canadian refinery, Irving Oil in New Brunswick. The 320,000 b/d refinery plans to conduct trials to produce…

July 28, 2022
Canadian, U.S. Energy Leaders Warn Strict Environmental Policies Contributing to Inflation

Canadian, U.S. Energy Leaders Warn Strict Environmental Policies Contributing to Inflation

Canadian oil and gas leaders and a former U.S. ambassador warned Monday that inflationary pressure and volatile energy markets impacting North America and Europe are directly related to restrictive environmental policies. “The influence of energy is so large it’s difficult to comprehend,” Alberta industry elder statesman Mac Van Wielingen said Monday during the Pacific NorthWest…

July 26, 2022
Gazprom Hints at Extended Outage of Nord Stream 1, Delayed Receipt of Turbine Engine from Canada

Gazprom Hints at Extended Outage of Nord Stream 1, Delayed Receipt of Turbine Engine from Canada

Russia’s Gazprom PJSC said in a Wednesday statement it currently had no indication vital equipment for its Nord Stream 1 (NS1) pipeline would be returned from Canada, potentially reversing hopes of a quick restoration of natural gas capacity for Europe. A gas turbine engine from one of NS1’s compressor stations (CS) has been under maintenance…

July 13, 2022
Canada’s Woodfibre LNG, Siemens Partner for All-Electric Export Terminal in BC

Canada’s Woodfibre LNG, Siemens Partner for All-Electric Export Terminal in BC

Woodfibre LNG, the second Canadian liquefied natural gas project to enter construction, awarded a contract Tuesday for an all-electric export terminal on the Pacific coast of British Columbia (BC). Siemens Energy Canada won the order with a design that would use power from provincial government-owned BC hydro dams to run all Woodfibre gas refrigeration to…

July 13, 2022
Canada Sending Nord Stream Equipment to Europe as More Russian Natural Gas Cuts Feared

Canada Sending Nord Stream Equipment to Europe as More Russian Natural Gas Cuts Feared

European demand for natural gas prevailed in a weekend decision to let pipeline machinery bypass Canadian trade sanctions against Russia for invading Ukraine. Canada’s Natural Resources Minister Jonathan Wilkinson described the move as “supporting Europe’s ability to access reliable and affordable energy as they transition away from Russian oil and gas.” The decision allows a…

July 11, 2022
1 3 4 5 6 7 89