Canada

The U.S. rig count dropped by a net of 14 units in the week ending Jan. 15 compared with the previous week, falling 61% from a year ago. At the same time, the number of rigs in Canada jumped to 227, up 37% from 166 in the first week of the year, but still down 48% from 440 last year.

A former gold and silver boomtown on the northern Pacific Coast of British Columbia regained hope of revival Monday when a homegrown firm obtained a liquefied natural gas (LNG) export license. The project joins two others that have recently been licensed by Canada’s National Energy Board (NEB).

Canada’s first super-long, 40-year export license for liquefied natural gas (LNG) tanker shipments overseas from the northern Pacific Coast of British Columbia was granted Thursday to the LNG Canada international consortium.

One month after a community ceremony broke ground for site preparations, the formal construction permit has been given to an international group led by Shell Canada Ltd. for a liquefied natural gas (LNG) export terminal on the northern Pacific coast of British Columbia (BC).

Replacing natural gas delivery capacity has grown into a C$2.1 billion (US$1.5 billion) parallel construction project to the proposed Energy East partial conversion of TransCanada Corp.’s Mainline into oil service.

The North American rig count swooned last week, losing 31 units, according to Baker Hughes Inc., just as a group of oilfield services (OFS) analysts said in a note assessing the sector that things are “so bad it may be good.”

The North American rig count dropped by 31 units last week, according to Baker Hughes Inc., just as a group of oilfield services (OFS) analysts said in a note assessing the sector that things are “so bad it may be good.”

Motivation for Canadian producers to break into global trade in liquefied natural gas (LNG) will stay strong for generations to come, according to new evidence presented to the National Energy Board (NEB).

Canadian natural gas and oil drilling will continue to retreat next year unless energy prices stage a surprise comeback, field equipment operators are predicting.