Colorado School of Mines, Pennsylvania State University (Penn State) and the University of Texas at Austin (UT) on Thursday launched a shale natural gas and oil training development initiative, which initially would be funded with separate $1 million grants from ExxonMobil Corp. and GE.
Canada
Articles from Canada
TransCanada Readies Bundle of North American Gas Projects
TransCanada Corp., Canada’s largest natural gas and oil pipeline operator, on Tuesday credited an aggressive growth strategy to build new infrastructure for driving strong returns in 4Q2011.
February 15, 2012
Alberta Urged to Wean Itself from Gas, Oil Revenues
After a bruising ride on roller-coaster markets, the treasurer of Canada’s chief natural gas- and oil-producing jurisdiction is urging its residents to think about weaning public services off a reliance on resource windfalls.
February 13, 2012
Alberta Urged to Wean Itself from Gas, Oil Revenues
After a bruising ride on roller-coaster markets, the treasurer of Canada’s chief natural gas- and oil-producing jurisdiction is urging its residents to think about weaning public services off a reliance on resource windfalls.
February 13, 2012
Earnings Briefs
Calgary-based Progress Energy Resources Corp. is shutting in 10% of its natural gas production, which is all in Canada, until prices cooperate. The company produced an estimated 224.6 MMcf/d in 3Q2011. “We believe the current low natural gas price is unsustainable,” said CEO Michael Culbert. “Shifting capital to preserve asset value and maintain our balance sheet strength is prudent in this environment.” The Montney Shale-focused producer also is reducing its gas development spending to C$365 million this year, a reduction of C$100 million from the original 2012 capital budget. Progress Energy is jointly developing around 900,000 net acres in the Montney Shale with Malaysia’s Petronas (Petroliam Nasional Berhad). An associated liquefied natural gas export plan also is being studied (see related story).
February 13, 2012
Enbridge to Rely on Rail While Expanding Bakken Pipes
Enbridge Energy Partners LP (EEP) said Tuesday that for at least the next three years, it plans to rely on rail facilities to transport crude oil from the Bakken Shale and Three Forks formations while it launches long-term plans to expand pipelines in the region.
February 2, 2012
‘Import Dependence’ Almost Over by 2030, Says BP
Supported by abundant unconventional natural gas and oil reserves, the United States and Canada will become “almost totally energy self-sufficient” by 2030, according to a new forecast by BP plc.
January 23, 2012
North America ‘Import Dependence’ Nearly Over by 2030, Says BP
Supported by abundant unconventional natural gas and oil reserves, the United States and Canada will become “almost totally energy self-sufficient” by 2030, according to a new forecast by BP plc.
January 19, 2012
Mixed Market Sees Majority of Points Falling
Continuing cold weather near the East Coast and in Eastern Canada contrasted with milder forecasts for the western two-thirds of the nation to produce mixed price movement Tuesday. A modest majority of locations softened. The restoration of industrial demand following a holiday weekend appeared to have little market impact.
January 4, 2012
Bakken Shale Latest Target for Breitling Oil and Gas
The Bakken Shale and underlying Three Forks formation in North Dakota are the latest targets for independent exploration and production company Breitling Oil and Gas Corp., which in 2011 reported progress in oil and gas projects in its focus areas in Texas, Oklahoma and Louisiana.
January 3, 2012
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
