Emerging

Canada will stay in the natural gas export trade after all, said the National Energy Board (NEB) in a new 25-year forecast that recognizes emerging unconventional supplies for the first time.

Canada will stay in the natural gas export trade after all, said the National Energy Board (NEB) in a new 25-year forecast that recognizes emerging unconventional supplies for the first time.

If ever there was an explorer for other producers to take a page from, it just might be Noble Energy Inc., which has quietly become one of the players to watch in the U.S. onshore.

The market for products and services to support companies plying shale gas basins in the United States will grow to about $50 billion annually in 2015 as development continues in the Marcellus, Haynesville, Fayetteville and other shale plays, according to a recent study.

Encana Corp. is hunkering down with a reduced spending plan for 2012 in dry natural gas plays and shifting more investments to liquids and oil-prone unconventionals in North America, CEO Randy Eresman said Wednesday.

The need for higher standards in emerging shale plays could push some companies out of the business, a Talisman Energy Inc. executive told a Philadelphia audience Thursday.

A shift by global natural gas and oil companies to unconventionals, liquefied natural gas (LNG) and the deepwater has lifted prospective value growth across the upstream sector by 23% from a year ago, according to new research by industry consultant Wood Mackenzie.

New Brunswick officials are standing firm in their opposition to a moratorium on hydraulic fracturing (fracking) in the province, even as protesters against the practice in the emerging Frederick Brook Shale stage bold acts of civil disobedience.

A business and government alliance is emerging to back TransCanada Corp.’s contested plan to increase Ontario natural gas pipeline service, confirming western producer fear that the scheme caters to eastern consumer desire to shop for U.S. gas supplies.