Suncor Energy agreed Monday to sell onshore natural gas-weighted properties in the Western Canadian Sedimentary Basin for US$986 million to a newly established North American partnership between UK utility Centrica plc and Qatar Petroleum International (QPI). The estimated one-million acre-leasehold this year is expected to produce about 250 MMcfe/d.
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Pavilion Energy Pte. Ltd., a new S$1 billion (US$806.5 million) company was established by Singapore’s Temasek Holdings Pte. Ltd. with a focus on meeting Asia’s growing energy demand, particularly through liquefied natural gas (LNG).
A diverse coalition of often opposing forces has launched a center to provide producers with certification of performance standards for shale development and established the first 15 standards designed to ensure safe and environmentally responsible development of the Appalachian Basin’s shale gas resources.
California oil/natural gas officials will hold two day-long public workshops on draft discussion rules on hydraulic fracturing (fracking) established late last year. The first session conducted by the Division of Oil/Gas Geothermal Resources (DOGGR) is set for Wednesday in Bakersfield, CA, dividing the draft rules into seven basic components and holding discussion and question-answer sessions on each during the day. A second session with a similar format will be held in Sacramento March 21. An initial workshop was held in Los Angeles Feb. 19 as part of DOGGR’s attempt to get widespread industry and general public input ahead of the start of the formal process for establishing a set of rules and guidelines for pre-fracturing well testing; advance notification; monitoring during and after fracturing operations; disclosure of materials used in fracturing fluid; trade secrets; and storage and handling of fracking fluids. Additional workshops are slated for the Santa Barbara and Monterey areas. The formal rules are not expected before next year.
Despite the threat of legal action from Gov. John Hickenlooper, the city council of Fort Collins, CO, has adopted a resolution banning hydraulic fracturing (fracking) within city limits.
A Quebec government official said Wednesday that legislation will be introduced next week to formally enact a moratorium on shale gas development in the province, a ban that would be in effect until the results of a two-year study on potential impacts are fully vetted.
A long-established Midwest gas utility holding company and an international industrial giant are the latest players to indicate they intend to compete in the growing natural gas transportation fuel market.
Colorado on Monday established new mandatory water sampling requirements for oil and natural gas drilling drawing criticism from industry and environmental groups. Sampling of multiple water wells before and after drilling is now required.
An Encana Corp. official on Thursday once again urged the U.S. Environmental Protection Agency (EPA) to withdraw a year-old draft report of groundwater samples near natural gas drilling sites in Pavillion, WY, saying the report was “sloppy” and had led to a “misguided response.”