The increasingly wide differentials of the AECO natural gas price to U.S. benchmarks seen recently is an “incredible” discount and could linger into the fall, says Martin King, senior analyst at RBN Energy, LLC.
Strathcona Resources Ltd.’s Bonnyville/Cold Lake-area assets, uniquely positioned near a geological formation ideal for carbon capture, utilization and storage (CCUS), allow the company to avoid long and costly transportation routes associated with its carbon capture efforts, says Tim Waters, vice-president of development.
The province sold 20,558 hectares of P&NG leases and licenses and brought in $10.1 million in the August 10 land sale.
While we are to date reasonably pleased with the response from various parts of Canada’s oil and gas sector in terms of submitting ideas for the 2023 technical program, we feel there is still more room to ensure that when more than 15,000 energy delegates from 100 countries around the world visit Canada, they leave with a fulsome understanding of Canada’s track record in all matters energy transition.
The B.C. Oil and Gas Commission (OGC) has issued 16 well licences.
Carbon capture is a mature technology solution at the forefront of energy transition options to mitigate greenhouse gas emissions from large industrial emitters. Carbon capture is an efficient option for new and existing industries to meet progressing regulations while at the same time leveraging Canada’s natural resources, existing infrastructure, and capacity to sequester carbon dioxide in very close proximity to where fossil fuels are available.
Keyera Corp. and Canadian National Railway Company signed a memorandum of understanding that will leverage their joint expertise to evaluate the creation of a specialized clean energy terminal in Alberta's Industrial Heartland.
Enbridge Inc. has completed a joint venture merger transaction with Phillips 66 resulting in a single joint venture holding both Enbridge's and P66's indirect ownership interests in Gray Oak Pipeline, LLC and DCP Midstream LP (DCP) and an agreement to realign their respective economic and governance interests in the underlying business operations.
NGIF Industry Grants, a division of NGIF Capital Corporation, is supporting Salacia’s development of a Direct Solvent Extraction (DSE) based method for seawater desalination and industrial brine treatment.
Royal Helium Ltd. has appointed Shayne Neigum as chief operating officer and head of exploration.
AltaGas Ltd. has closed its previously announced offering of $250 million of 7.35 per cent fixed-to-fixed rate subordinated notes, Series 2 due Aug. 17, 2082.