The Alberta oilsands continue to have tremendous near and long term potential to underpin growth on Enbridge Inc.’s regional, Mainline and Market Access systems, analysts at the company’s investor day heard Tuesday.
When the current 10-year Competitive Tolling Settlement (CTS) between Enbridge Inc. and its Canadian Mainline/Lakehead shippers expires in July 2021, it likely will be replaced another incentive tolling agreement, a company executive said Tuesday.
The Canadian natural resources industry is undergoing enormous change. Volatile energy prices — the reality of US 55 per barrel — reduced production reliability, uncertain market access, the government’s climate change agenda, tightening environmental policy, safety, and compliance concerns along with increasing social drivers, such as social license to operate, all have resulted in industry upheaval.
While Canada’s $72 billion Information Communications Technology (ICT) sector is poised to be a leader in the global technology revolution, the sector is hampered by a skills crunch, driven by the rapid speed of technological change.
A subsidiary of Plains All American Pipeline, L.P. has received sufficient customer interest to conduct a binding open season for committed crude oil transportation from the Permian Basin to the Corpus Christi/Ingleside area.
InPlay Oil Corp. has completed in the fourth quarter non-brokered private placements of an aggregate of 5.83 million common shares issued on a flow-through basis in respect of a combination of Canadian development expenses (CDE) at a price of $1.65 per share and Canadian exploration expenses (CEE) at a price of $1.80 per share for aggregate gross proceeds to date of approximately $10.1 million.
Following Hemisphere Energy Corporation’s fall drilling program in Atlee Buffalo, field-estimated corporate production has averaged approximately 950 boe/d (95 per cent oil) over the last two weeks, representing a 40 per cent increase over the third-quarter production rate of 681 boe/d (95 per cent oil).
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