Significant disruptions are underway in the global energy sector, says Matt Rogers, and contemporary business leaders are trying to make investment choices in a technological environment with unprecedented rate of change — a challenge and opportunity for economies such as Alberta’s.
AltaGas Ltd. says that commercial operations have begun at its 99 mmcf-per-day shallow-cut natural gas processing facility on the existing Townsend site, adjacent to the currently operating Townsend facility in northeast B.C.
Unquestionably, the Canadian oil and gas industry is suffering from the effects of low commodity prices and shifting energy markets. The plunge in the price of oil to half the value of three years ago, and the surge in U.S. shale gas and tight oil production that has shrunk Canadian producers’ main export market have led to the biggest energy market contraction in a generation.
Following an inspection of dams used by the oil and gas industry in northeast British Columbia, the B.C.Oil and Gas Commission has issued seven compliance orders to ensure they are safe and pose no threat to the environment.
A reserves report of Saskatoon-based Saturn Oil + Gas Inc.’s Lucky Hills Viking and Flaxcombe Success heavy oil assets in Saskatchewan has estimated 307,000 net bbls of proved plus probable reserves, the company has reported.
Seven Generations Energy Ltd. has completed its previously announced offering of US$700 million aggregate principal amount of 5.375% senior unsecured notes due 2025, which were offered, on a private placement basis, to eligible purchasers.
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