Canadian natural gas production shifted west from the Alberta Prairies to the northwest Foothills and into the prolific B.C. Montney over the last decade, resulting in transportation bottlenecks getting gas to export market that led to wild AECO price volatility.
April 4, 2023, 7:26 AM MDT
April 4, 2023, 10:23 AM MDT
April 4, 2023, 12 AM MDT
B.C. Montney operators increased natural gas production over the last two years despite uncertainty from the Blueberry River First Nations (BRFN) licensing delay, a royalty review and update, and a growing provincial focus on emissions reduction.
April 3, 2023, 5:21 AM MDT
Hammerhead Energy Inc.'s 2023 capital program is development-focused with a continuous two-rig program expected to drill approximately 40 wells.
April 3, 2023, 9:38 AM MDT
Vermilion Energy Inc. closed the acquisition of Equinor Energy Ireland Limited (EEIL) from Equinor on March 31, 2023.
April 3, 2023, 12 AM MDT
Pieridae Energy Limited is looking once more at sourcing gas in the Maritimes after cancelling plans to supply its proposed 10 million tonnes-per-year LNG export terminal at Goldboro with western Canadian natural gas, says the company’s CEO Alfred Sorensen.
March 31, 2023, 12 AM MDT
March 31, 2023, 9:52 AM MDT
March 31, 2023, 9:56 AM MDT
New modelling by the Energy Information Administration (EIA) shows that the U.S. will make significant progress in emissions reduction thanks to the passing of the Inflation Reduction Act (IRA). But because the U.S. will remain a net exporter of natural gas and oil until 2050 under most scenarios, there will be a limited impact on upstream gas production.
March 30, 2023, 9:53 AM MDT
March 30, 2023, 12 AM MDT
Spartan Delta Corp. doubled production in the 19 months it operated the Montney assets sold to Crescent Point Energy Corp. in the $1.7 billion deal announced yesterday.
March 29, 2023, 11:06 AM MDT
March 29, 2023, 10:36 AM MDT
March 29, 2023, 12 AM MDT
Crescent Point Energy Corp. will use the knowledge gained developing its adjacent Kaybob Duvernay condensate play to improve operational performance and potentially grow its new Montney assets acquired from Spartan Delta Corp., company president and chief executive officer Craig Bryksa told analysts at a conference call this morning discussing the deal.
March 28, 2023, 9:45 AM MDT
Crescent Point Energy Corp. has entered into an agreement with Spartan Delta Corp. to acquire Spartan's oil and liquids-rich Montney assets in Alberta for $1.7 billion in cash.
March 28, 2023, 5:08 AM MDT
March 28, 2023, 12 AM MDT
March 28, 2023, 6 AM MDT
While the current and persistent weakness in North American natural gas prices continues, top executives in both the western Canadian exploration and production (E&P) and service sector spaces remain confident on the outlook for the commodity.
March 27, 2023, 6 AM MDT
ConocoPhillips announced through its Australian subsidiary that it plans to become upstream operator of Australia Pacific LNG (APLNG) following the closing of EIG’s transaction with Origin Energy.
March 27, 2023, 12 AM MDT
March 27, 2023, 6:11 AM MDT
Westcoast Energy Inc. has applied to the Canada Energy Regulator (CER) for an order approving the final tolls to be charged by Westcoast in 2023 for transportation services provided in T-North and T-South of its pipeline system.
March 24, 2023, 5:38 AM MDT
March 24, 2023, 10:11 AM MDT
U.S. LNG exports played a leading role meeting Europe’s urgent demand for natural gas after the EU curtailed Russian imports in 2022 following its invasion of Ukraine.
March 23, 2023, 8:22 AM MDT
Last year saw “transformational” financial results for Pieridae Energy Limited, driven by strong gas and liquids pricing, the company's ability to control costs in an inflationary year, and a revitalized hedging program.
March 23, 2023, 6 AM MDT