When the dust settles after the current oil market downturn, North America and some Gulf producers—assuming those countries remain stable—will be the main sources of global supply, an oil market watcher predicts.
LNG exports off the West Coast could not only provide a market for Canadian natural gas, which is losing out to the Marcellus shale play in the United States, but it could open up additional opportunities for propane exports and new value-added petrochemical developments in Western Canada, an oil and gas symposium heard Tuesday.
In the royalty framework report, the review panel recommended a number of opportunities for Alberta to promote diversification and create jobs and “we are taking action,” Alberta Energy Minister Margaret McCuaig-Boyd said in a keynote speech to the Canadian Energy Research Institute (CERI) oil and gas symposium in Calgary.
The thick and geographically extensive Mississippian-Devonian Exshaw and Patry shales of the Liard Basin’s Besa River formation are expected to contain 219 tcf (6.2 trillion cubic metres) of marketable unconventional natural gas, according to a new resource assessment released today.
Year-old technology Calgary start-up Spectralog and five other seed-stage companies shared almost $150,000 in cash and cash-equivalent prizes at the 2016 Energy New Venture Competition hosted by the Haskayne School of Business, Hunter Centre for Entrepreneurship and Innovation.
This 2-day course will provide participants with the principles of P&ID drawings which are used in process industries. This course is suitable for individuals dealing with P&ID’s in all Process industries including Chemical, Oil & Gas, Petrochemical, Water & wastewater, and Food processing industries.
There are still new opportunities in the oilsands for the right suppliers. Attend Selling to the Sands, a one-day course that will guide attendees through the new realities of the market, and how to realize optimum, actionable business relationships.
Dan Echino, president and founder of Calroc Industries, has been in the oil and gas business long enough to have witnessed several boom and bust cycles, but he says staying resilient and reinventing yourself and your business strategy when times are tough is the only way to survive in this industry.
Canbriam Energy Inc. is targeting a capital budget between $100 and $110 million in 2016, about two-thirds of which will be focused on drilling and completion activity at its Altares Montney asset and the remainder will support ongoing infrastructure development.
Spartan Energy Corp. has closed its previously announced bought-deal financing of 39.94 million common shares, which includes the exercise in full of the over-allotment option of 4.67 million common shares, at a price of $2.41 per common share for aggregate gross proceeds of approximately $96.3 million.
JWN is a division of an information communications company.
Reuters content is the intellectual property of Reuters Limited. Any copying, republication or redistribution of Reuters content, including by caching, framing or similar means is expressly prohibited without the prior consent of Reuters. Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. Reuters, the Reuters Logo, and the Sphere Logo are registered trademarks of the Reuters group of companies around the world. For additional information on other Reuters Services please visit the Reuters public web site - http://www.reuters.com.