Canada

The 66-month regulatory ordeal of Canada’s Arctic natural gas project includes epic efforts to drum up aboriginal participation in the process, according to a summary provided to the National Energy Board (NEB) by the federal justice department.

The 66-month regulatory ordeal of Canada’s Arctic natural gas project includes epic efforts to drum up aboriginal participation in the process, according to a summary provided to the National Energy Board (NEB) by the federal justice department.

The “shale gale” that has swept across the United States and into Canada already has more than doubled the size of discovered natural gas resources in North America and is enough to satisfy more than 100 years of consumption at current rates, according to a study by IHS Cambridge Energy Research Associates (CERA).

The “shale gale” that has swept across the United States and into Canada already has more than doubled the size of discovered natural gas resources in North America and is enough to satisfy more than 100 years of consumption at current rates, according to a new study by IHS Cambridge Energy Research Associates (CERA).

The “shale gale” that has swept across the United States and into Canada already has more than doubled the size of discovered natural gas resources in North America and is enough to satisfy more than 100 years of consumption at current rates, according to a new study by IHS Cambridge Energy Research Associates (CERA).

Several points in the Northeast, Midwest, Gulf Coast, Pacific Northwest and Western Canada were flat or registered gains Friday, but for the most part softness continued to reign supreme. The previous day’s screen loss of 8.6 cents played a role, but it was mostly the fact that Friday deals were done for Monday only, when warming trends were expected to resume in many areas, that kept Friday’s winter storms from affecting the cash market positively.

Several points in the Northeast, Midwest, Gulf Coast, Pacific Northwest and Western Canada were flat or registered gains Friday, but for the most part softness continued to reign supreme. The previous day’s screen loss of 8.6 cents played a role, but it was mostly the fact that Friday deals were done for Monday only, when warming trends were expected to resume in many areas, that kept Friday’s winter storms from affecting the cash market positively.

With the Rockies, Upper Plains, Northeast and much of Canada still enduring freezing lows and some sections of the South along most of the Midwest due to rejoin them by early this week, only a tiny loss at the Florida citygate averted an across-the-board run of rising prices Friday. Thursday’s futures increase of 11.9 cents provided further backing for the spot market.

There was still quite a bit of heating load left with many Northeast, Midwest, Plains, Rockies and Western Canada locations still bottoming around freezing or lower, including a few cases into the teens, but prior-day futures weakness, the extra depressant on industrial load from a long holiday weekend and further moderation or status quo conditions in the forecast for many areas caused prices to fall at virtually all points Friday.