While the Duvernay could be a world-class, highly-profitable resource play, development is simply too early on to really know for sure, says Michael Muirhead, and the potential could be a lot smaller than many might hope.
The energy makeover underway to transition off carbon offers a massive opportunity to those in the clean energy and innovation space, says former U.S. Energy Secretary Ernest Moniz, but it also offers plenty of prospects for relatively clean burning natural gas.
Trans Mountain Pipeline ULC has withdrawn its request to the National Energy Board (NEB) seeking approval to install temporary spawning deterrent matting at four watercourses as the timing window for safe and effective installation has passed.
The sharp drop in commodity prices in 2014 has had a big impact on oil and gas producers’ profitability. Many companies have not seen a dramatic impact on reported volumes of reserves since the crash, but have seen a major drop in the net present value of their reserves, according to Sproule.
Tallinn Capital Energy Corp. and Tallinn Capital Mezzanine LP are pleased to announce that they have arranged and co-funded Tallinn Capital Energy’s inaugural investment, providing up to $15MM in financing to Triple Five Intercontinental Group Ltd., a natural gas producer in the Ferrier area. Tallinn Capital Energy is a private energy lender, focusing on high quality junior oil and gas producers.
A private oil and gas company has available for farm-in 100% working interest lands with-in the Kaybob area of Alberta. The lands offer the opportunity for horizontal development drilling within the Montney formation.
In Canada, small and medium size enterprises (SMEs) are owed millions of dollars in unpaid money, and many have actually lost track of exactly how much they are owed. As many as 89 per cent of Canadian businesses are experiencing late payment by their customers, and nearly half of all invoices are paid past the due date.
A moderate recovery in oil and gas activity in Western Canada won’t reabsorb all the workers that lost their jobs since late 2014 when oil prices crashed, but parts of the industry will struggle to fill positions, says a PetroLMI labour supply research report.
Kelt Exploration Ltd. has subscribed to TransCanada Corporation's Dawn Long Term Fixed Price (LTFP) service and, in addition, has entered into various natural gas sales contracts in order to provide the company with exposure to diversified gas price hubs and reduce exposure to a single market.
Recent analysis of data and research into naturally fractured reservoirs worldwide indicate that it would be possible to develop the Humber Arm Allochthon (HAA) without hydraulic fracturing, due to the naturally fractured nature of the reservoir, said Shoal Point Energy Ltd.
Questerre Energy Corporation has closed its previously reported private placement of 34.9 million common shares at NOK5.70 or C89 cents per common share for gross proceeds of NOK198.9 million or approximately C$31 million.
Energy Transfer Partners’s Rover Pipeline, LLC received approval from the Federal Energy Regulatory Commission (FERC) to begin operating three compressor units at its Mainline Compressor Station 1 in Carroll County, Ohio.
Amec Foster Wheeler plc entered into a binding agreement to sell the majority of its U.K. North Sea operations to WorleyParsons Europe Limited, for a cash consideration of roughly £228 million, subject to closing adjustments.
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