The head of one of Canada’s largest geophysics consulting companies says the decision by Pacific NorthWest LNG (PNW LNG) to not go ahead with its proposed LNG project in Port Edward, British Columbia won’t have an immediate impact on gas drilling activity in the province, but it will inevitably lead to less drilling and development.
July 26, 2017, 12 AM MDT
Lake Chapala, Mex. — Mexico’s substantial offshore oil and gas resources — which are already attracting international attention on the heels of major oil finds — may be substantially greater than previously thought, according to experts who say the country may have “pre-salt” resources, similar to Brazil.
July 24, 2017, 8:20 AM MDT
Lake Chapala, Mex. — An executive with BP plc says the company will open 200 stations this year and is also looking at entering all sectors of the transportation fuels market, possibly including owning refineries.
July 21, 2017, 2:58 PM MDT
A shale oil play that, in the words of the head of Calgary-based geological consulting and energy data information company Canadian Discovery Ltd., has until recently been “below the radar screen,” is being compared to the Duvernay play in northwestern Alberta and even to the Permian in Texas.
July 20, 2017, 6 AM MDT
Lake Chapala, Mexico — Calgary-based privately-owned oil and gas company Sun God Resources was the big winner Wednesday in morning bidding for land-based oil and gas fields in Mexico’s sixth bidding round for oil and gas blocks previously held by former state-owned monopoly Petroleos Mexicanos (Pemex).
July 13, 2017, 10:19 AM MDT
Responding to comments in the media regarding the profitability of Phase 1 of the Sturgeon refinery, North West Refining said that those who suggest that this project is not profitable “must engage the facts and not just make assumptions.”
June 29, 2017, 4:38 AM MDT
The price tag for the Sturgeon refinery, an 78,000 bbl per day project being built northeast of Edmonton, has ballooned to $9.3 billion, up from $8.5 billion, according to a report by Calgary-based AltaCorp Capital.
June 28, 2017, 11:25 AM MDT
Lake Chapala, Mex. — Calgary-based International Frontier Resources Corp. (IFR) has announced that its plans for the development of a block it won last year has been approved by the government regulator, and also stated that it is one of the firms which will bid on several blocks to be offered in a mid-July auction.
June 26, 2017, 11:03 AM MDT
Consolidation in the Canadian hydraulic fracturing sector may have mainly run its course, as there are so few companies involved in the fracturing, cementing, coiled tubing and nitrogen services areas there is little room for more acquisitions, say some industry players.
June 21, 2017, 7:03 AM MDT
Lake Chapala, Mexico — The result of Monday’s auction of 15 shallow offshore Gulf of Mexico blocks as part of Mexico’s energy reform process was “very successful” and should lead to billions of dollars in new investment, says an analyst who has followed the reform process closely.
June 20, 2017, 10:48 AM MDT
Lake Chapala, Mexico — A record number of oil and gas companies, including many of the majors, pre-qualified for bidding on 15 shallow offshore Gulf of Mexico blocks that will be auctioned off today as part of Mexico’s energy reform process and analysts expect most of the blocks to be awarded.
June 19, 2017, 5:54 AM MDT
June 14, 2017, 10:44 AM MDT
Ian MacGregor, the chief executive of North West Refining Ltd. (NWR), says his project shouldn’t be viewed as a “plan b” alternative, in case the planned expansion of Kinder Morgan Canada’s Trans Mountain pipeline to British Columbia is sidelined by provincial government opposition.
June 9, 2017, 6 AM MDT
Mazatlan — The rush to take part in the transport, storage and marketing of petroleum products in Mexico is gathering steam, despite well publicized fuel thefts from pipelines owned by former monopoly integrated energy company Petroleos Mexicanos (Pemex).
May 26, 2017, 9:52 AM MDT
Mazatlan — The Houston-based head of a logistics company that has been shipping propane from the U.S. to Mexico for almost two years says new entrants to the fuel sales market in Mexico, such as BP plc and Exxon Mobil Corporation, will likely have to resort to the use of rail.
May 24, 2017, 8:35 AM MDT
Mazatlan — Kansas City Southern, which dominates the rail freight system in Mexico — where it is the largest rail operator — is preparing for a big increase in shipments of refined petroleum products into the country from the U.S. and Canada, according to a company spokesperson.
May 24, 2017, 8:49 AM MDT
The senior executive of the company now building Alberta’s newest refinery— and who has appealed to the provincial NDP government to give a go ahead to the $8-billion second phase of the project — says his company has been asked to submit a detailed proposal to the government for the next phase.
May 16, 2017, 7:55 AM MDT
Canadian governments need to be more proactive to attract new petrochemical plants to the country, says the head of a Calgary-based energy research body — and he’s hoping an upcoming conference in Kananaskis will drive that point home.
May 10, 2017, 6 AM MDT
The president and CEO of Calgary-based Enerplus Corporation told analysts Friday morning, shortly after the U.S.-focused oil and gas producer released first quarter results, the company’s strong cash position might lead to it making an acquisition in North Dakota’s Williston Basin or elsewhere.
May 5, 2017, 11:12 AM MDT
Pembina Pipeline Corporation, the elephant in the room at Wednesday’s annual general meeting of gas-focused midstream operator Veresen Inc., received a warm welcome from shareholders, if the reception Veresen president and CEO Don Althoff received was any indication.
May 4, 2017, 6 AM MDT
Vancouver-based Renaissance Oil Corp., which last year became the first private sector oil and gas company to produce oil and gas in Mexico in more than 75 years, after the monopoly of state-owned Petroleos Mexicanos (Pemex) ended, has now become the first Canadian-owned company to earn a profit in the country.
May 3, 2017, 8:51 AM MDT
The glory days of western Canadian natural gas production, when royalties from production of the commodity swelled Alberta government coffers, are long past.
May 1, 2017, 6 AM MDT
Despite heading an administration that is populated by energy industry champions and climate change skeptics, U.S. President Donald Trump is encountering some obstacles in his push to erase or reverse the policies of former President Barack Obama, says an analyst with Argus Media.
April 27, 2017, 11:31 AM MDT
Technology development is underway to dramatically reduce the oilsands industry’s greenhouse gas emissions, and for that reason, the sector is at the heart of Canada’s transition to a low-carbon economy.
April 7, 2017, 11:38 AM MDT
Canada has an opportunity to leap ahead of the U.S in the development of clean technologies, particularly in the context of the new U.S. administration under President Donald Trump, says the president and CEO of an Ottawa-based, federally-funded clean tech funding agency.
April 5, 2017, 7:58 AM MDT