Canada

TC Energy Corp. is working to expand natural gas takeaway capacity from the Western Canadian Sedimentary Basin (WCSB) amid record demand for the fuel across North America, management said. CEO François Poirier hosted a conference call last Friday to discuss the Calgary-based pipeline giant’s first quarter earnings. He was joined by Greg Grant, president of…

Despite declines in natural gas prices, Western Energy Services Ltd. continued its recovery from the Covid-19 pandemic’s slump as growing field activity in Canada and the United States restored 2023 first quarter net income. The 30-day spot average for natural gas traded at the AECO hub in Canada fell by about 32% year/year to C$3.35/Mcf…

Cooler weather ushered in by a strong spring storm over the weekend set the table for strong heating demand most of this week across the northern United States. That was enough to drive a modest increase for natural gas futures on Monday, with the May Nymex contract settling at $2.273/MMBtu, up 4.0 cents from Friday’s…

Facing a provincial election by late May, the United Conservative Party (UCP) government of Alberta has formally adopted the Liberal Canadian administration’s goal to reach net-zero greenhouse gas (GHG) emissions by 2050. The 66-page Alberta Emissions Reduction and Energy Development Plan was endorsed by UCP Premier Danielle Smith. The UCP accepted the carbon reduction target…

Bear Head Energy Inc. has received environmental assessment approval to move forward with a green hydrogen and ammonia production, storage and loading facility in Point Tupper, Nova Scotia, formerly an LNG export facility. The project was given the green light by provincial Minister Timothy Halman of the Nova Scotia Environment and Climate Change. “Following a…

Global natural gas consumption is expected to rebound this year as easing price volatility and rising economic activity boosts LNG imports from China and South Asia and North America’s power market continues to cut coal-fired capacity, according to the Gas Exporting Countries Forum (GECF). Researchers with the organization headquartered in Qatar in the annual report…

Qatar’s state-owned energy producer is looking to Eastern Canada to build exploration prospects after taking sizable stakes in ExxonMobil’s Newfoundland and Canada offshore acreage. QatarEnergy agreed to join ExxonMobil Canada in developing exploration licenses (EL) 1162 and 1167, both in the deep waters offshore Eastern Canada. While Eastern Canada is not known as a natural…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Canadian utility Atco Pipelines SA de CV, like many other North American companies specialized in the energy sector, decided to embark on…

After spending years advancing a Canadian east coast LNG project, Bear Head Energy Inc. is officially moving forward with a hydrogen facility as a zero-carbon fuel of the future. Houston-based Buckeye Partners LP last May completed its takeover of the Bear Head liquefied natural gas project in Nova Scotia. At the time, Buckeye had outlined…