Heading into the September land sale today, the B.C. government’s land sale prices have averaged $2,712.03, well above the average for all of 2016 of $157.22, and also well ahead of $295.13 in 2015. It has returned to levels approximating the booming land buying years of the mid-to-late 2000s (although bonus bids are much lower than during that period).
Soaring natural gas commodity prices were the primary driver of a dramatic improvement in the netbacks of upstream operators in the U.S. and Canada in Q2 2017, based on new data from CanOils and Evaluate Energy.
Fibre optic sensors represent an important tool not only for actually detecting and preventing pipeline leaks, but also potentially for promoting the superior and safe quality of modern pipelines for a province that needs to get its oil and gas resources to new markets.
The Alberta Energy Regulator (AER) is investigating the deaths of 123 migratory birds that were discovered Sunday in the north end of the tailings area at the Suncor Energy Inc.-operated Fort Hills oilsands mine.
Halcón Resources Corporation has entered into an agreement to sell its remaining non-operated assets in the Williston Basin to a private company for approximately $104 million in cash, subject to customary closing conditions and adjustments.
Today’s announced US$110 million sale by Halcón Resources Corporation of its non-operated Williston Basin assets means that the company has now negotiated 26 per cent of all U.S. and Canadian asset sales in the basin over the past two years, based on deal values.
Pressure Relief Valves provide protection of life and of the facility (and property within it). When an overpressure condition exists, a pressure relief valve will open and allow overpressure discharge from the pressurized equipment.
Mexico’s midstream sector, including transportation and storage of refined fuel markets and the sale of refined products to consumers, will represent a US$15-billion market over the next eight years, according to the editor of a newsletter that tracks the sector.
A carbon price of US$40 per tonnne of CO2 could reduce the value of companies’ upstream assets by up to seven per cent, depending upon the regulatory regime, says consultancy Wood Mackenzie in a study released today.
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