Alberta’s Wednesday land sale drew $16.04 million in bonus bids as the Duvernay featured in some of the higher priced bidding, although year-to-date bonus totals trail last year’s pace by over $100 million.
October 18, 2018, 11:50 AM MDT
The B.C. government kicked off its Q4 sales schedule with a $2.09 million sale, as auctions have been mostly muted since a large $42.08 million sale at mid-year.
October 12, 2018, 7:53 AM MDT
For veteran LNG executive Victor Ojeda, building relationships with Indigenous peoples before submitting a liquefied natural gas project description to regulatory authorities is critical.
October 12, 2018, 12 AM MDT
The federal government is still listening to industry’s viewpoints on Bill C-69, according to Natural Resources Minister Amarjeet Sohi, noting that the process of providing input into the bill continues.
October 11, 2018, 12 AM MDT
Natural Resources Minister Amarjeet Sohi expanded on why the government decided not to appeal the Federal Court of Appeal decision quashing the approval of the Trans Mountain expansion.
October 11, 2018, 12 AM MDT
The heavy oil discount widened to past $50 on Wednesday as the lack of takeaway capacity continues to bite the Canadian industry.
October 11, 2018, 3:18 AM MDT
LNG Canada announced that its joint venture participants — Royal Dutch Shell plc, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation — have taken a final investment decision (FID) to build the LNG Canada export facility in Kitimat.
October 2, 2018, 1:04 AM MDT
Getting a large LNG facility to a final investment decision (FID) is “like a moon landing,” according to one of the joint venture partners of LNG Canada, highlighting the complexity of the exercise.
October 2, 2018, 11:28 AM MDT
The Alberta government closed its September land sale schedule with a $10.53 million auction, which leaves the government near last year’s total for the nine-month period.
September 20, 2018, 8:44 AM MDT
As the world natural gas and LNG community gathered in Barcelona this week for a major conference, back in Calgary there was a message of optimism for Canadian natural gas this morning — the LNG market is “going off like a rocket,” which presents a golden opportunity.
September 19, 2018, 11:50 AM MDT
Premier Rachel Notley says it’s critical to establish a “clear and reliable” timeline to resume construction of the Trans Mountain expansion project.
September 7, 2018, 4:21 AM MDT
Alberta’s Wednesday land sale generated $32.12 million, and while there were several successful bids above $1 million, the large parcels dragged down the overall per-hectare average.
September 6, 2018, 6:43 AM MDT
Alberta Premier Rachel Notley says that the province is pulling out of the federal climate plan as a result of Thursday’s Federal Court of Appeal decision to quash federal approval of the Trans Mountain pipeline.
August 31, 2018, 3:34 AM MDT
The Federal Court of Appeal decision today quashing approval of the Trans Mountain expansion is an “unbelievably devastating” decision for what’s left of Canada’s reputation as a country that can actually develop major projects in the resource sector, according to Gary Leach, president and chief executive of the Explorers and Producers Association of Canada (EPAC).
August 30, 2018, 9:37 AM MDT
The Below Lower Montney (BLM) zone has not been tested in Leucrotta Exploration Inc.’s area but the company believes it to be light oil bearing based on data collected drilling through it.
August 30, 2018, 2:29 AM MDT
The Alberta government generated $25.44 million in bonus bids on Wednesday, with large Duvernay parcels central to the auction, which is a recurring theme.
August 23, 2018, 7:42 AM MDT
TransGlobe Energy Corporation says it has finalized its Cardium drilling program, and is set to kick it off later this month or in early September.
August 14, 2018, 9:17 AM MDT
Gibson Energy Inc. president and CEO Steve Spaulding expressed confidence in the future of the oilsands, and for tankage demand, after yesterday announcing the sanction of one million bbls of new tankage at the Hardisty Terminal.
August 9, 2018, 8:34 AM MDT
The Alberta government attracted $10.56 million in bonus bids on Wednesday, in an auction that attracted a swath of very low bids, and a few that received no bids.
August 9, 2018, 9:23 AM MDT
Service companies, including those based in Canada and operating in the Permian Basin, are keeping an eye on pipeline bottlenecks in the play, and how that might impact activity in the back half of the year.
August 8, 2018, 7:42 AM MDT
NCS Multistage Holdings, Inc. CEO Robert Nipper says the company has been successfully expanding its business with customers in the Cardium and Deep Basin.
August 8, 2018, 8:18 AM MDT
Tourmaline Oil Corp. president and CEO Mike Rose says there has been a supply response to low natural gas prices in Canada, which he hopes portends higher prices in the future.
August 2, 2018, 9:50 AM MDT
Get infrastructure built and your energy products moved to world markets in a timely fashion, or someone else will and Canada will lose out.
July 12, 2018, 9 AM MDT
Coming off its lowest bonus and average price of the year on June 27, the Alberta government kicked off its second-half auction schedule with an $18.6-million land sale on Wednesday.
July 12, 2018, 10:20 AM MDT
After plunging during the downturn, average land prices over the past two years have rebounded as producers in Western Canada have focused on high value Duvernay and Montney lands.
July 5, 2018, 6 AM MDT