Despite the drop in drilling due to the oil price collapse, United States natural gas output associated with oil and natural gas liquids production will continue to rise this year as wells awaiting pipeline construction are tied in, predicts Bentek Energy LLC.
February 6, 2015, 11:55 AM MST
Saskatchewan’s February sale of petroleum and natural gas (P&NG) rights — the first of 2015 and last one of the current fiscal year — raised $17.54 million in revenue for the province, bringing total land sale bonus revenue for the 2014/2015 fiscal year to $164.7 million.
February 6, 2015, 7:31 AM MST
Enbridge Inc. expects to file as early as today an application to the National Energy Board for leave to open its Line 9 reversal and capacity expansion project.
February 6, 2015, 10:51 AM MST
Spectra Energy Corp. says it has secured US$500 million in new pipeline projects to connect current supply developments in northeast British Columbia to its traditional markets in the Lower Mainland and Pacific Northwest.
February 6, 2015, 9:34 AM MST
Suncor Energy Inc. says construction costs are falling at Fort Hills, its $15-billion oilsands mine, as a result of the recent downturn in project spending across the industry.
February 6, 2015, 10:20 AM MST
Low oil prices will place considerable pressure on several OPEC countries, which have accustomed themselves to a long period of very high oil prices and have “become hooked onto it” for hefty budgets, which in part helps maintain stability in a politically volatile region of the world, says Marco Annunziata, chief economist at General Electric.
February 6, 2015, 8:40 AM MST
February 6, 2015, 11:01 AM MST
Norwegian company Statoil ASA Friday said it is committed to exploration in the Canadian East Coast, but its view on future oilsands investment was less clear.
February 6, 2015, 12:05 PM MST
February 6, 2015, 12:04 PM MST
Questerre Energy Corporation reports that it has implemented a corporate restructuring plan to reduce its administrative overhead in the current commodity price environment.
February 6, 2015, 8:50 AM MST
Citing an independent reserves report, Connacher Oil and Gas Limited reported a three per cent increase in proved bitumen reserves in 2014, with proved plus probable reserves down one per cent from comparable 2013 figures.
February 6, 2015, 9:46 AM MST
Waldron Energy Corporation has total proved reserves of 4.17 million boe and proved-plus-probable (2P) reserves of about nine million boe, according to a third-party assessment effective Dec. 31, 2014, while the company’s estimated oil and liquids proved and 2P reserves are 1.43 million bbls and three million bbls, respectively.
February 6, 2015, 10:06 AM MST
Huu-ay-aht First Nations and Steelhead LNG say they have signed a contract with WorleyParsons for the provision of environmental, engineering, geotechnical and regulatory services at their proposed LNG project at Sarita Bay on Vancouver Island.
February 6, 2015, 11:41 AM MST
February 6, 2015, 9:20 AM MST
February 6, 2015, 9:03 AM MST
Canadian Imperial Venture Corp. announces that the letter of intent to acquire Beothuk Energy Inc., announced last September, has been terminated effective Feb. 3, 2015.
February 6, 2015, 8:18 AM MST
February 6, 2015, 10:44 AM MST
February 6, 2015, 11:50 AM MST
February 6, 2015, 11:51 AM MST
Petromin Resources Ltd. has completed closing on the second tranche of its non-brokered private placement announced on Sept. 10, 2014.
February 6, 2015, 8:17 AM MST
Pan Orient Energy Corp. has granted options to directors, officers and employees to purchase an aggregate of 2.2 million common shares under its stock option plan.
February 6, 2015, 8:49 AM MST
February 6, 2015, 9:05 AM MST
Canacol Energy Ltd. and Colombian subsidiary CNE Oil & Gas SAS executed a new 15 year take-or-pay contract for the sale of 35 mmcf per day of gas to Altenesol LNG Colombia SAS, starting in Q4 2016.
February 6, 2015, 10:36 AM MST
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