Canada

With thousands of acres of unconventional natural gas plays across the United States and western Canada, EnCana Corp. expects to book about 19 Tcf in proved reserves over the next five years, CEO Gwyn Morgan said Wednesday.

The Canada-Nova Scotia Offshore Petroleum Board plans to release a draft strategic environmental assessment (SEA) later this month on the offshore Misaine Bank area, a region off Cape Breton’s East Coast that up to now remains mostly unexplored for oil and gas.

Virginia’s Senate on Thursday passed an amended bill that advocates opening for the first time the state’s coastal waters to natural gas exploration and production (E&P) activities.

The United States, Canada and Mexico will have to work cooperatively to gain access to the world’s supplies of liquefied natural gas (LNG) to satisfy the growing gas demand in North America, President Bush said Wednesday.

Canada’s National Energy Board (NEB) said Tuesday that it has come up with a new schedule for proceeding on the technical review of the C$7 billion (US$5.6 billion) Mackenzie Gas pipeline project, which would bring gas from three onshore gas fields in the Northwest Territories to a connection with TransCanada’s Alberta System (Nova). Regulators called a temporary halt in the proceeding in February and directed sponsors to file additional information.

The United States, Canada and Mexico will have to work cooperatively to gain access to the world’s supplies of liquefied natural gas (LNG) to satisfy the growing gas demand in North America, President Bush said Wednesday.

Canada’s National Energy Board (NEB) said Tuesday that it has come up with a new schedule for proceeding on the technical review of the C$7 billion (US$5.6 billion) Mackenzie Gas pipeline project, which would bring gas from three onshore gas fields in the Northwest Territories to a connection with TransCanada’s Alberta System (Nova). Regulators called a temporary halt in the proceeding in February and directed sponsors to file additional information (see Daily GPI, Feb. 28).

Substantially cold weather has largely receded into Canada and the northern tier of American states, but the cash market found enough of it still around to stage moderate rebounds Monday at a majority of points. The screen’s 3.5-cent gain on the preceding Friday and the return of industrial load from its usual weekend hiatus provided small amounts of ancillary support.

Prices soared at virtually all points Monday after a frigid mass of air from Canada had invaded much of the U.S. and sent temperatures plunging, even in the previously mild South. Some Northeast citygates led the price climb with gains around a dollar or more, and most other points rose by at least half a dollar.