Provinces

Over-abundant markets and fallen prices have gutted government natural gas royalties in both of Canada’s main producing provinces, Alberta and British Columbia (BC), according to disclosures by their treasury departments.

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.

Governments of Canada’s producing provinces are throwing their weight behind the country’s foray into exporting liquefied natural gas (LNG) to Asia.

Governments of Canada’s producing provinces are throwing their weight behind the country’s foray into exporting liquefied natural gas (LNG) to Asia.

While Quebec’s announcement that hydraulic fracturing could continue on a limited basis has divided people in the province, a government official in the neighboring province of New Brunswick said a moratorium on the practice won’t be implemented there.

Offshore the East Coast in the Atlantic Continental Shelf, a treasure trove of energy reserves could be deep beneath the water, holding as much as 37 Tcf of natural gas and 3.8 billion bbl of oil, IHS Cambridge Energy Research Associates (CERA) said late Wednesday.

Offshore the East Coast in the Atlantic Continental Shelf, a treasure trove of energy reserves could be deep beneath the water, holding as much as 37 Tcf of natural gas and 3.8 billion bbl of oil, IHS Cambridge Energy Research Associates (CERA) said late Wednesday.

Spurned by producers that found better business conditions in neighboring provinces, Alberta officials Tuesday made a dramatic effort to entice the energy sector to return by offering a bundle of lucrative tax credits. Alberta’s efforts followed one by British Columbia (BC), which last week increased the amount of natural gas and oil royalty credits available to producers to encourage infrastructure development.

Spurned by producers that found better business conditions in neighboring provinces, Alberta officials Tuesday made a dramatic effort to entice the energy sector to return by offering a bundle of lucrative tax credits.