Strathcona Resources Ltd. is snapping up fellow Calgary producer Pipestone Energy Corp. and its Montney Shale assets in northwestern Alberta in an all-stock deal that would create Canada’s fifth largest exploration and production (E&P) company. At the current market price of about C$2.40 (US$1.80), the acquisition of Pipestone’s 279 million shares was estimated to be…
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Articles from Canada
U.S. Natural Gas Trade Soars on International Cargoes, Mexico Pipeline Exports
The United States exported 1.03 Tcf of LNG during the first quarter to 34 countries in 324 tanker cargoes and 85 container loads, leading the North American natural gas trade, according to the U.S. Department of Energy. The Office of Regulation, Analysis and Engagement, Division of Natural Gas Regulation issued its 1Q2023 report earlier this…
Tourmaline Throwing Natural Gas Weight to Advance Ksi Lisims LNG Project on Canada’s West Coast
Canada’s largest natural gas producer Tourmaline Oil Corp. has agreed to join Rockies LNG Partners, a group of explorers working to advance a 1.6 Bcf/d export project on the west coast of British Columbia (BC). The Ksi Lisims floating liquefied natural gas facility as proposed would be sited in the territory of the Nisga’a Nation…
TC Energy Spinning Off Liquids Pipelines Business as Natural Gas Takes Center Stage
TC Energy Corp. is spinning off its liquids pipelines business in order to narrow its focus on natural gas, power generation and decarbonization projects, management said Thursday (July 27). The spinoff, slated for completion in the second half of 2024, would separate the Calgary-based midstreamer into “two independent, investment-grade, publicly listed companies,” management said. The…
Crescent Point to Leverage Natural Gas-Rich Montney Opportunities
Crescent Point Energy Corp. built its Montney Shale prospects with a recent purchase, giving it more leverage in Western Canada and helping the independent contend with lower commodity prices and Alberta wildfires during the second quarter. The Alberta-based producer said the province’s widespread wildfires scorched oil and natural gas production in 2Q2023, knocking it down…
Black & Veatch Lands Contract for Ksi Lisims LNG Project in Canada
Kansas-based Black & Veatch has been awarded an engineering contract with the Ksi Lisims LNG export project proposed for the northern Pacific coast of British Columbia (BC). The assignment, in cooperation with Samsung Heavy Industries Co. Ltd., covers front-end engineering and design (FEED) for the proposal to use a floating liquefied natural gas (FLNG) plant…
TC’s Coastal GasLink Forecasting Montney Natural Gas Deliveries by Year’s End
A year-end completion target can be hit after Coastal GasLink Pipeline Ltd. construction hit the 90% completion mark on its 670-kilometer (400-mile) natural gas pipeline linking Montney Shale production to the Shell plc-led LNG Canada liquefied natural gas export terminal, according to the company. All but 48 kilometers (29 miles) of pipe have been laid…
Canada Natural Gas, Oil Pipelines to See Increased Cleanup Costs
Compulsory abandonment savings that Canadian natural gas and oil pipelines must raise to shut, safely seal and clean up their operations after flows end are forecast to jump by 79%, according to a national regulatory decision. The Canada Energy Regulator (CER) set the increase (C$1.00/US 76 cents) to $18.6 billion from a previous requirement of…
Enbridge Gauging Support to Boost Dawn’s Daily Capacity by 91,200 MMBtu in Late 2027
Enbridge Inc.’s natural gas subsidiary is testing support through mid-July to boost firm transportation service capacity for up to 96,000 GJ/d (91,200 MMBtu/d) at the Dawn Hub in Eastern Canada. If there is enough demand, the Enbridge Gas Inc. expansion could launch by Nov. 1, 2027. Service could begin sooner, depending on support, Enbridge noted. …
Trans Mountain Expansion to Advance Crude Exports, Bolster Natural Gas Demand in Alberta Oilsands
A target of 1Q2024 has been set for starting overseas crude oil exports on the nearly completed Trans Mountain Pipeline expansion (TMX). By almost tripling capacity to 890,000 b/d on the 704-mile route across Alberta and British Columbia, the project would foster increased natural gas consumption as the fuel for growing bitumen production in the…