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…
Articles from Duvernay
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…
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.
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).
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.
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.
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.
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.
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.