Duvernay

Chevron Putting Priority on Carbon Reduction, with Onshore Emphasis in Permian, Duvernay and Vaca Muerta

Chevron Putting Priority on Carbon Reduction, with Onshore Emphasis in Permian, Duvernay and Vaca Muerta

Chevron Corp. CEO Michael Wirth during the annual investor meeting on Tuesday said the supermajor’s message to investors could best be summed up in four words: higher returns, lower carbon.  Wirth, together with his executive team, laid out a broad global development plan centered around increasing returns on capital employed while slicing the carbon intensity…

March 9, 2021
Alberta Seeks New Petrochemical Plants to Work Montney, Duvernay Natural Gas Production

Alberta Seeks New Petrochemical Plants to Work Montney, Duvernay Natural Gas Production

The Alberta government posted a reward Thursday for petrochemical manufacturers to build new plants that draw their raw materials from natural gas produced in the province. Natural Gas Minister Dale Nally announced a 10-year grant fund titled the Alberta Petrochemicals Incentive Program. The dollar value and eligibility rules were left open to negotiation, with further…

July 10, 2020
TC Energy Secures Approval for Nova Natural Gas Pipe Expansion in Western Canada

TC Energy Secures Approval for Nova Natural Gas Pipe Expansion in Western Canada

TC Energy Corp. on Wednesday got a green light from Canadian regulators to advance an expansion of Nova Gas Transmission Ltd. (NGTL), allowing more natural gas supply to be moved from the Montney, Duvernay and Deep Basin formations.

February 20, 2020
Canada’s NGL Output Rising as Shale, Tight Drilling Expands

Canada’s NGL Output Rising as Shale, Tight Drilling Expands

Natural gas byproducts are on the rise as a Canadian growth star, propelled by horizontal drilling and hydraulic fracturing into liquids-rich sweet spots of shale and tight gas formations in northern Alberta and British Columbia (BC).

June 14, 2018
Duvernay Ramp Up Only Needs Modest NatGas, Oil Price Increases, Say Experts

Duvernay Ramp Up Only Needs Modest NatGas, Oil Price Increases, Say Experts

Canadians can make a strong start on tapping Alberta’s Duvernay Shale, even if natural gas and oil prices stay flat, according to an economic geology forecast by government earth scientists.

December 5, 2017

Duvernay Holds Huge NatGas, Oil and Liquids Reserves, Says New Appraisal

Sweet spots in Alberta’s Duvernay Shale natural gas formation harbor 9.6 billion bbl of liquid byproducts and premium light oil, according to a new marketable resources appraisal released Tuesday by provincial and federal earth-sciences agencies.

September 27, 2017

Vesta Secures C$295 Million in Private Funding to Develop Area of Duvernay Shale

Vesta Energy Corp., a privately-held exploration and production (E&P) company focused on light oil targets in a shallow area of Alberta’s Duvernay Shale, has secured C$295 million (US$217.9 million) in financing from a group of private equity firms.

May 18, 2017

Chevron Canada Awards Calgary’s Pembina a Duvernay Infrastructure Franchise

A 20-year Alberta shale gas liquids processing and transportation deal announced Thursday has potential to sire a multibillion-dollar chain of high-volume facilities, Calgary-based Pembina Pipeline Corp. predicted.

February 17, 2017
Canada’s Duvernay Seen as Attractive in Early Days, Despite Low Prices

Canada’s Duvernay Seen as Attractive in Early Days, Despite Low Prices

Canada’s youngest shale play, the Duvernay geological formation, is emerging as “extremely competitive” on the North American scale of drilling targets, a Calgary industry conference heard Wednesday.

October 28, 2016

Alberta Liquids-Rich Shale Spurs Plant Project

Continuing production growth in northern liquids-rich shale deposits has prompted Pembina Pipeline Corp. to launch construction of its third natural gas processing plant scheduled for completion over the next two years.

November 10, 2015
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