Western Canadian natural gas producers who want to avoid the current volatility in the AECO market should be signing up for firm transportation contracts (FT-delivery) to get their gas to export markets, TransCanada Corporation’s president of Canadian and Mexican gas pipelines said Thursday.
Inter Pipeline Ltd. still expects to make a final investment decision on its proposed $3.1 billion integrated propane dehydrogenation (PDH) and polypropylene plant by the end of this year, says its chief executive.
ARC Resources Ltd. laid out a $690 million capital program for 2018 that focuses on balance sheet strength, sustainable dividend payments, and the profitable development of ARC's Montney crude oil, liquids-rich natural gas, and natural gas assets.
Gibson Energy Inc.’s third quarter revenues increased to $1.4 billion from $1.18 billion a year earlier as the company continues to progress towards the completion of major growth projects within its Infrastructure segment, primarily related to the construction of tankage and pipeline connections.
SemGroup’s chief executive says the company is excited about the conversations it is having with producers in the area about plans by its SemCAMS subsidiary for a proposed new sour gas facility in the Pipestone area of northwest Alberta.
Perpetual Energy Inc. announced a total capital spending program of $39 million for 2018, close to 75 per cent concentrated in East Edson, developing liquids-rich natural gas reserves in the Wilrich formation, and 25 per cent in Eastern Alberta, primarily targeting heavy oil development at Mannville along with abandonment and reclamation work to continue to responsibly address decommissioning obligations.
Funds flow from operations for the third quarter for Cequence Energy Ltd. was $3.6 million and $17.7 million year to date, an increase of seven per cent and 284 per cent from the same periods in 2016, driven by higher oil and condensate weighting and associated realized prices.
Bonterra Energy Corp. will drill five (4.5 net) additional wells in November and December of this year so as to mitigate against service company availability issues anticipated during the first quarter of 2018.
The biggest names in the oil and gas industry, including Exxon Mobil Corporation, Royal Dutch Shell plc, Chevron Corporation, China’s CNOOC Ltd. and other majors have registered to bid on 29 deepwater blocks in Mexico’s Gulf of Mexico.
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