The International Energy Agency (IEA) is projecting an eight million bbl/d rise in U.S. tight oil output from 2010 to 2025, a figure it says would “match the highest sustained period of oil output growth by a single country in the history of oil markets.”
The International Energy Agency (IEA) says the structural oversupply in the global natural gas market is set to persist in the coming years as nearly 140 billion cubic metres (bcm) of liquefaction capacity currently under construction becomes operational, mostly in the United States and Australia.
By adopting a market diversification strategy a few years ago, ARC Resources Ltd. reduced its 2018 exposure to western Canadian natural gas prices to only about 20 per cent of its output, investors heard on Monday.
Oil production over the January to August period totalled 55.1 million bbls, representing an increase of 15.6 per cent or 7.4 million bbls compared to the same period in 2016, the Newfoundland and Labrador government said today in a fall economic update.
Sayer Energy Advisors has been engaged to assist TAQA North an Alberta Partnership, by its Managing Partner TAQA North Ltd. (“TAQA” or the “Company”) with the sale of its oil and natural gas properties located in the Drumheller and Northeast Alberta areas.
Prior to 1985, natural gas prices were regulated and tracked the price of oil. Deregulation in 1985 presented western Canadian natural gas producers with the challenge of low prices, excess supply and market access issues.
Raymond James Ltd. has been engaged to assist Manitok Energy Inc. with the sale of all of its producing properties, undeveloped acreage and related assets. The properties are located in west central and southeastern Alberta.
Canada’s environment and climate change minister who is attending a United Nations climate conference in Bonn, Germany says there is “huge momentum” in terms of moving forward on the Paris agreement under which countries have agreed to limit their greenhouse gas emissions.
NCS Multistage Holdings, Inc. reported strong revenues and earnings in the third quarter of 2017, but expects a lull in Canadian activity in the final quarter of the year as operators exhaust their 2017 budgets.
Divestco is proud to announce the launch of an exciting new Data Management module for GeoCarta, our powerful GIS based mapping software that lets project teams explore, analyze, filter, map and extract public and proprietary data.
Cona Resources Ltd. intends to spend about $61.5 million in 2018, directing $42 million towards enhanced oil recovery (EOR) and infill drilling of 29 wells, as well as $16 million on other drilling towards 25 wells, maintaining production guidance of 17,400 boe/d for next year, which is on par with this year’s guidance.
Chinook Energy Inc. reported average third quarter production of 2,776 boe/d, a decrease of 24 per cent from the previous quarter, primarily due to a longer-than-scheduled turnaround at the Enbridge McMahon gas plant that restricted July volumes.
Prairie Provident Resources Inc. consciously decided to defer some of its capital spending in the third quarter of this year until 2018 in response to commodity prices and to preserve liquidity and protect project economics.
The third quarter of 2017 saw continued volatility in the AECO gas price as well as restrictions on TransCanada Corporation’s Canadian Mainline where producers at times struggled to get their gas to market, noted Tidewater Midstream and Infrastructure Ltd.
STEP Energy Services Ltd. announced that the limited partnerships comprising ARC Energy Fund 6 and ARC Energy Fund 8 have entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets as sole bookrunner and Peters & Co. Limited as co-lead underwriter.
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