Cheniere Energy Inc. has signed an agreement for Tourmaline Oil Corp. to supply natural gas for an expansion project at Cheniere’s Corpus Christi export terminal in South Texas at prices linked to the Asian spot market. The deal brings Cheniere another step closer to sanctioning the Stage 3 liquefied natural gas (LNG) export expansion project,…
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Tourmaline Continues North Montney Expansion with Eyes on Canadian LNG
Tourmaline Oil Corp. is beefing up its North Montney Shale holdings with the C$1.1 billion ($900 million) purchase of privately held Black Swan Energy Ltd., a deal that could position supplies for the Canadian liquefied natural gas (LNG) market. Tourmaline said Friday the purchase was an “important component” of its ongoing consolidation strategy in the…
Shell Taking $1B For Natural Gas-Heavy Acreage in Montney, Duvernay
Royal Dutch Shell plc, which had said earlier this year it would put its natural gas and unconventionals on the back burner, said it would sell 206,000 net acres in the Montney and Duvernay formations of Western Canada, 85% weighted to gas, to Tourmaline Oil Corp. for $1.037 billion (C$1.369 billion).